Problems faced by countries with low economic growth

Problems faced by countries with low economic growth The economic growth is an increase in gross domestic product (GDP) by measure the amount of income and products that occurring over some time period. How is the economist defining the economic growth? The economists define the economic growth as an increase in real gross domestic product (GDP) measured on per capital and the arrangement for inflation. Furthermore, as an economist, they will look carefully at comparisons of GDP per capital between the countries that are absolutely different economic structures and cultural values. Growth begins when we begin to accept our own weakness said by Jean Vanier. It means that if the people want to growth up the economic for their country, the people have to know about the country weakness and finding out the solution together to solving the countrys problems. This assignment is going to discuss about the country with slow economic growth and what are the problem faced by them and what are the solution to solve these problems. Body Economic growth The economic growth is an increase in gross domestic product (GDP) by measure the amount of income and products that occurring over some time period. When the economic growth is increasing, it will bring many advantages. The advantage of economic growth is improving the living standards. Furthermore, the positive effects on government finances because of government benefits and increase employment opportunities are also the advantages. At the movement, the people will not be unemployed and have a stable life. The last advantage is improving the confidence of firms and consumers which may lead to an increase in investment. Country with low economic growth The country which is in a slow economic growth is Vietnam. In Vietnam, the people are increase the economic growth with agrarian, subsistence, and village-oriented. The sources of economic are come from many sector, such as agriculture, fishing, forestry, mining and minerals, Industry and manufacturing, energy and tourist. The below are table show about the Vietnam GDP from 2003 to 2010. Year GDP real growth rate Rank Percent Change Date of Information 2003 6.00 % 22 2002 est. 2004 7.20 % 23 20.00 % 2003 est. 2005 7.70 % 27 6.94 % 2004 est. 2006 8.50 % 23 10.39 % 2005 est. 2007 8.20 % 29 -3.53 % 2006 est. 2008 8.50 % 28 3.66 % 2007 est. 2009 6.20 % 55 -27.06 % 2008 est. 2010 5.30 % 26 -14.52 % 2009 est. From the 16th century, the Confucianism was losing its influence in Vietnamese society. The money economy was develops on a negative ways. The early commercial ports such as Hoi An were forced and foreign countries with their different cultures and their invasion ambitions were seen as a theat. Finally, this policy led to a degree of stagnation in the Vietnamese economy and finally Vietnam becomes the French colony. Until French colonization in the mid-19th century, Vietnams economy had been stationary with agrarian, subsistence and village-oriented. The French colonizer is intentional developed differently. The import and export have been divisions into the north and south in 1954. The south is for agricultural and the north is for manufacturing. Besides that, the development of exports the coal is from the north and the rice is from south. The French do this is to stimulate the internal commerce. During the year 1954 to 1975, the second Indonesia war was seriously affected the Vietnams economy. The Vietnam economy drops seriously and worsened by the countrys 1.5million military and citizen deaths and its later about one million of refugees, including tens of thousands of workers who are intelligent and can help to improve the economy of country. After that, the government set up a Second Five-Year Plan start in the year 1976 to 1980. The plan they want to achieved between the year are increase the average annual growth rates of 16 to 18 percent in industry sector, 8 to 10percent in agriculture and 13 to 14 percent in national income. Furthermore, they also aimed to combine the north and south again. In the end, the plans aims were not achieved and the economy remained dominated by small-scale production, low labor productivity, unemployment, lack material and technological and insufficient and consumer goods. By following, the Vietnam Third Five-Year Plan was begun in the year 1981 to 1985. This plan is to comprise between ideological and pragmatic fractions. They emphasized the development of agriculture and industry. Efforts were also made to put down the power of government while planning and improve the managerial skills of government officials. From 1970 to 1990, the Vietnam becomes a member of Comecon and trade with the Soviet Union and its allies. After the dissolution of the Comecon, Vietnam was forced to freedom trade, devalue its exchange rate to increase exports and embark on a policy of regional and international economic capitalization. In 1986, Doi Moi reforms a centralized economy to a socialist-oriented market economy. In the year 1990, the business and agricultural is success and evident after reforms under the Doi Moi and the economy was growing at an annual rate of more than 7%, and the poverty was decrease nearly halved. The GDP fell in 1998 to 1999 because the government still holds a tight rein over major state sectors of the economy. Vietnam had a average growth in GDP of 7.1% per year from 2000 to 2004 and the GDP growth in 2005 was 8.4%. On 7th November 2006, Vietnam became the World Trade Organizations (WTO)150th member. Vietnams access to WTO was intended to produce an excellent economic growth to Vietnam, to ensure the continuation of open reforms and create options for trade expansion. The serious challenges were also provided to Vietnam to increased foreign competition. The problems faced by the country Vietnam is facing many problems in their country. The first problem is population. In Vietnam, the population is around 80 million, is the second largest country in Southeast Asia after Indochina. After the Vietnam War, the population is rising rapidly. Increasing population density, pressure on ageing infrastructure and worsening environmental damage prompted a policy of applying does not encourage a families have more than two children. Although the population is slow down, but the previous high rate of young population have make the strains on the education system and labour market. The second problem is poverty, the poverty is still appear in the rural areas. The increasing of cities affluence has cause the migration from the poor rural provinces into the cities and provides the social problems there. The salary for the low-skill jobs is very less and the unemployment rate is high. The third problem is Health. Most of the hospitals are in antiquated colonial buildings. In the hospital, there are only consists a basic equipment and the medical staffs are lack of skills and experience. Moreover, the poor people who are sick refused for treatment and medication because they do not have money to pay. The fourth and is controlling smuggling. Smuggling now is seriously in Vietnam. Smuggling is on a massive scale, mostly between Vietnam and China. About a quarter of Vietnamese import may be entering the illegally across its long, porous border with its mighty neighbour. The last problem is pollution. The flora and fauna and the habitat destroy are not only threat by the pollution. The flora and fauna destroy also caused by poaching and illegal logging especially in the poor rural areas. This problem cause the people cannot have a good standard of living. Recommendation to the country People are a good thing to the country but the population growth is still need to have a limit. About the population problem, the government can reform tax in a way that encourages couple to have no more than two children. The couple still be able to have, but the tax code would no longer subsidize more than two. The second problem is about poverty. The poverty was happened because the people are lack of knowledge. So, the government and citizen need to give the best education to the children. When the children are growing up, they will have the knowledge and develop the country to decrease the poverty percent. The government can also increase the tax of the rich people and using the tax to pay for the poor people and some social activities. The third problem is about the health. In Vietnam, there are consists only the basic equipment and some unprofessional staff in the hospital. For this problem, the government needs to provide the modern equipment, some medicine and increase the knowledge of every staff. Furthermore, the price for the treatment must be able to pay by some poor people. To control the smuggling, the government has to strengthen the law like increase the amount of fine and send to jail about 50 years. The lecturer also needs to give some speech to the new generation to make sure they will not involve in the negative activities. The pollution in Vietnam is very seriously. To solve the problem, the citizens have to cooperate between each other to plant the tree to improve the standards of living. Moreover, government also needs to strengthen the law to stop them to continue illegal logging and poaching. Conclusion

The Notion of a Double in Emily Brontes Wuthering Heights Essay

The Notion of a Double in Wuthering Heights Brontë's Wuthering Heights is the captivating tale of two families and the relationships that develop between them. The narrator, Mr. Lockwood, relates the story as told to him by Ellen, the housekeeper. The novel contains an excellent illustration of the doppel-ganger, the notion of a double. Generally, this concept is applied to specific characters, as in Poe's William Wilson. However, the concept appears in Wuthering Heights in two different ways. The doppel-ganger is illustrated in the story of Catherine Earnshaw and Heathcliff in relation to that of Cathy Linton and Hareton Earnshaw, but it is also present in the relationship between Catherine Earnshaw and Heathcliff as individuals. In Wuthering Heights, it is almost as if the story of Catherine Earnshaw and Heathcliff is repeated through Cathy Linton and Hareton Earnshaw. There are some discernible differences between these two relationships, but the general outline of the stories share some striking similarities. For example, Heathcliff could not be with Catherine Earnshaw because her brother, Hindley, had reduced him to the status of a brute. After Mr. Earnshaw's death, Heathcliff was treated like a servant instead of a member of the family. Later in the story, Heathcliff does the same thing to Hareton, Hindley's son, but in a subtle way that prevents any animosity on Hareton's part. Hindley loses everything that would have been Hareton's inheritance, leaving Hareton with nothing. Heathcliff takes advantage of the situation and Hindley's wealth is inevitably turned over to Heathcliff. Heathcliff sees p... ...his funerary plans with Nelly, he says, "I have nearly attained my heaven," meaning that his idea of heaven is to be reunited with Catherine in death. Shortly thereafter, Heathcliff dies alone in a chamber. The story of the Earnshaws and the Lintons follows many twists and turns. By the end, Cathy and Hareton get a chance at the happiness Catherine and Heathcliff never experienced in life. Brontë's novel is multifaceted and, at times, the reader must struggle to keep up with the story. It can be difficult to perceive the underlying notions going on in the book. Still, there are many details that indicate the doppel-ganger is present not only in the relationship between Catherine and Heathcliff compared to that of Cathy and Hareton, but also in the relationship between Catherine and Heathcliff alone.

Coca-Cola Back In Burma

The Important question that must be answered when analyzing this situation is how Coca-Cola will be able to mitigate the risks Involved with the Instability of the lattice and economic system in Burma. Despite the release of Nuns San Sue Sky, the political situation remains unstable with vast internal disagreement over governance. The international political landscape of the country has made a sharp turn with the severance of ties to North Korea and the rebuilding of relationships with the West. These political relationships have paved the way to cooperative economic developments.The economic development of Burma has been on the rise for the last two decades, with economic growth taking an optimistic Jump of 6 percent in March 2013. The end to the economic sanctions placed by countries such as the United States is contributing to the inflow of foreign capital investment. Additionally the release of the sanctions opened the floor for the development of trade agreements, namely free tr ade agreements and bilateral investment agreements, between Burma and other countries to facilitate further economic growth. In 2012 a Foreign Direct Investment Law was introduced, providing a significant legal issue for foreign investors.FED is customary trialed under the principles of customary law. However, Burma has not signed onto the New York Convention on the Recognition and Enforcement of Foreign Arbitrarily Awards. This creates an unfriendly legal environment for foreign Investors, as Investment Issues are to be trialed In local courts tightly controlled by government with military Influence. Hypothesis The long-term solution that Coca-Cola should pursue Is an International Joint venture between their Crystal Springs bottling plant and a credible bottling partner In Burma.Any companies under U. S sanctions will not be considered so to ensure the credibility of the partner company. Coca-Cola will have 70% ownership of the ewe company, giving the Burmese side 30% control. Thi s will ensure Coke maintains governance over operations and decision making, while protecting their investment. This Is Important considering the Joint venture will be structured so that the domestic asset owner bears the risk of expropriation, which will Increase expertise, sharing of resources and knowledge, and less risk.When the Joint venture first occurs there will be an inflow of knowledge and experienced laborers to ease transition into the Burmese business environment. Considering the political and economic instability and that the country has a culture very different than that of the U. S, it will be beneficial to develop a close relationship with the Burmese culture and business environment. The short-term solution that Coke should implement is a standardized alternative too BIT. This alternative will be a public report that outlines all the rules, regulations, and codes that Coca-Cola expects all employees and suppliers to adhere by.It will outline financial regulations, outside investments, political instability and human rights issues. Most importantly, any violation of the ode will be investigated under an Ethics Committee, hired by Coke. Similar to a BIT, this code will allow for international arbitration, which is beneficial as domestic courts can be avoided for disputes. This alternative will make public all the standards that Coke expects regarding human rights and the security and safety of investments. Transparency is a powerful tool in alleviating risk.The more public the information is, the safer Coke's investments are to corruption and the higher the value is for shareholders. Implementation The implementation of the international Joint venture is a detailed process. Coca-Cola will maintain 70% ownership, which will allow for Coke to be the dominant decision maker. Domestic management will be hired and will have a say in the decision making process of the Joint venture firm. For example, domestic employees will be integral in the marketi ng department where culture is important. The partner chosen for the venture needs to be credible and trusted; therefore no companies under U.S sanctions will be considered. There will also be ample research done to find a partner that has similar business goals and values to ease the transition. Second, up to date research will be conducted to acquire as much information on Burmese business practices and the political and economic environment. The international human resource team will have to develop a compensation structure, programs to train expatriates in local business culture, ensuring expatriates smooth transition into the country, maintain a strict code for all employees to abide by, and develop employee performance reports.Furthermore, there will be performance assessments made to ensure the Joint venture is profitable after implementation. If he venture is not profitable there will be agreement to what conditions need to be met to terminate the Joint venture. A crucial pa rt of the implementation of Coca- Cola's alternative to the BIT is to hire a due diligence team. This consists of external auditors and independent experts, to create rules and regulations regarding financial, outside investments, political instability, and human rights issues that all Coca-Cola employees must follow.Performing a due diligence process contributes information available to decision makers, while engaging with a broad range of takeovers. American and Burmese consultants will be hired to help conduct the due diligence process that will result in a mutually beneficial set of rules and regulations. Furthermore, the alternative to the BIT must be public, allowing for transparency, which is essential to increasing shareholder value. Risk Factors for Joint Venture In regards to the Joint venture, there are various risk factors that might hinder the performance of the firm going forward.While there is synergy to be gained from the firms taking advantage of their specializatio n, differences in management styles and cultural differences can result in disputes, which will affect the short-term success of the firm. The main factor that leads to risks in international joint ventures is poor planning and implementation, which will be mitigated through Coca-Cola's research and experience in entering new markets. Finding an optimal partner and having 70% control will also reduce the risk that the two companies will have disputes over goals, management, and decisions made.If the venture meets the conditions to be terminated the process outlined for termination will be followed. Political and legal risk also play a part, as the new legal entity is 30% Burmese owned, which makes the venture subject to laws and regulations that might not affect Coca- Cola as a multi-national corporation and vice versa. Salary scale differences might also cause issues with human rights groups, which might accuse Coca-Cola of taking advantage of the local workforce by paying a low wa ge as compared to international standards.Despite having a 70% controlling share, Coca-Cola will not have full input when setting long term strategic goals as there will be a shared American-Burmese board of directors, causing less flexibility for Coca-Cola. However, after a thorough due diligence process, Coca-Cola will be experts in making decisions with Burmese law considered. The BIT alternative will also serve as a way to mitigate political risk as it sets a standard for all Coca-Cola employees to follow and allows for international arbitration.Moreover, Joint ventures mitigate expropriation risk, which help protect foreign investments in Burma. Analyzing Alternatives Solutions Alternative 1: An alternative to the Joint venture is for Coke to establish a subsidiary many to take over manufacturing operations in Burma. As the uncertain political and legal situation in Burma is risky and prone to shocks, a subsidiary company will allow Coke to diversity its risk exposure.The risk of human rights violations and political problems arising from operations and negatively effecting Coca- Cola's brand will be reduced, which is one of the firm's most valuable assets. Considerations to be taken into account for this strategy are that it does not completely absolve Coke from responsibilities regarding possible for any financial problems. Furthermore, it is still possible for bad publicity to affect the Coca-Cola brand name, as there is a direct link from the subsidiary to its parent company.Alternative 2: A second option is an alternate business model for Coca- Cola's business operations in Burma. Manufacturing and bottling can take place nearby in a more stable political environment (e. G. Thailand). This will allow the firm to bypass many of the risks of operating in Burma as operating manufacturing is a complex process, which includes hiring of workers, it is capital intensive, human resource issues may arise and there will be a cultural gap. However, import tarif fs into Burma and export tariffs in Thailand will be extra costs.Moreover, the tax rate in Thailand may also be unfavorable as compared to in Burma, and the transportation and delivery cost of getting Coca-Cola products across countries may decrease the profitability margins of its Burma operations. Conclusion The action plan that is recommended to take involves a two-part solution. In the short term the company will create a standardized alternative to a BIT. This public report will outline company rules and regulations. Violations are to be investigated via Coca-Cola's Ethics Committee.Most importantly, this alternative allows for international arbitration, which mitigates expropriation risk and thus, protects investments. In the long term it is recommended that the Crystal Springs bottling plant be a Joint venture of Coca-Cola and a local, credible, bottler. The set structure in which the local bottler is the bearer of risk expropriation will reduce the negative impact of potenti al government actions, which will help protect investments. These recommendations were crafted carefully to allow Coca-Cola to safely allow foreign direct investments amidst the unstable legal system of Burma.

Religion By John Steinbeck s East Of Eden - 1379 Words

Religion is a central theme in John Steinbeck’s East of Eden. Religion constantly appears through the similarities between the Cain and Abel story, the Hebrew word timshel, and the presence of God and Fate in the novel. Throughout the book, the characters struggle with the ideas of good and evil, and choice and freewill. As the story unfolds and progresses, we see the characters deal with these things with religion being the base and the root that the book lays upon. The biblical story of Cain and Abel plays a central role in the novel East of Eden. In Genesis, Adam and Eve s sons, Cain and Abel, offered sacrifices to God. The shepherd Abel sacrifices his best lamb, while the farmer Cain offers grain. Because God prefers Abel s gift over Cain s, Cain becomes infuriated and kills his brother in a jealous rage. Adam asked, â€Å"Do you know where your brother is?† â€Å"No, I don’t,† said Cal. . . . â€Å"He hasn’t been home for two nights. Where is he?† â€Å"How do I know?† said Cal. â€Å"Am I supposed to look after him?† (410) This exchange between Adam and Cal is a direct parallel with the exchange between God and Cain that appears in the book of Genesis in the Bible. After Cain murders Abel, God realizes that Abel is missing and asks Cain where Abel is. Cain retorts, â€Å"I know not; am I my brother’s keeper?† Adam and Cal’s reenactment of this conversation links them explicitly to the biblical story and cements Cal and Aron, respectively, as surrogates for Cain and Abel. The characters ofShow MoreRelatedJohn Steinbeck s East Of Eden1087 Words   |  5 Pagesimpression on his sons, John Steinbeck portrays experiences he acquired from his childhood in the novel East of Eden through the characters’ conflicts and actions to encourage them to write their own story not dictated by their roots. Steinbeck admits in Journal of a Novel: The East of Eden Letters that he â€Å"hopes his two young sons will find meaning in life when they grow and acquire the experiences to understand.à ¢â‚¬  Steinbeck s failure to feel accepted, accept his father s failures, and failure toRead MoreWhat Influenced John Steinbeck?. What Exactly Influenced884 Words   |  4 PagesWhat influenced John Steinbeck? What exactly influenced Steinbeck’s writings? Was it his background, his past, or was it the way he grew up and learned. There are many factors that come into play when trying to depict what exactly influenced an author. A lot of people believe that he was heavily influenced by California, where he lived. As many as nine of his works were proven to be based off of some part of california life in his time. But not all of his inspiration could simply come from CaliforniaRead MoreAnalysis Of John Steinbeck s The Crucible 1074 Words   |  5 Pages Dylon Morrison Mr. Briggs 5 December 2014 Word Count: 978 John Steinbeck John Steinbeck was born on February 27, 1902 in Salinas, California. John decided to be a writer at the very young age of fourteen. â€Å"John used to lock himself in his bedroom and to be alone and write stories and poem†(John Steinbeck Biography). John was the first in his family to have a striving desire to become a writer, his father did everything he could to keep food on the table and his mother was a former schoolRead MoreThemes And Styles Of John Steinbeck s The 4033 Words   |  17 PagesJohn Buttiglione Mr. Bruno English IV Period 08 November 17, 2014 Themes and Styles of John Steinbeck John Ernst Steinbeck, Jr. was born on February 26, 1902 in Salinas, California. He spent the majority of his childhood there and readers learn about his home city and childhood in his works. Steinbeck wrote novels, non-fiction books, short stories, poetry, and plays. Some of his most impactful and recognized works include: Of Mice and Men, The Grapes of Wrath, The Pearl, The Moon is Down, EastRead MoreHow to Write a Research Paper11497 Words   |  46 PagesWriting the Research Paper Handbook and Style Guide English teachers from both Cranston High School East and Cranston High School West prepared this booklet for students learning the fundamentals of research paper writing. Much of the material was gleaned from sources listed on the acknowledgements page. The information chosen is considered suitable to fulfill the instructional needs of the teachers and to facilitate practical use by the students. 1. Topic Selection Topic selection