Wednesday, December 25, 2019

Paradise Lost An Epic to Surpass All Epics Essay

An Epic to Surpass all Epics The epic poem Paradise Lost by John Milton was written during a time of religious revolution in England. The subject matter of this epic poem, in the words of Milton, is [o]f mans first disobedience (line 1). In this blank verse, Milton refers to the story in Genesis where Eve tempts Adam to eat the forbidden fruit. In the first five lines of the poem he describes the beginning of mortality, suffering, and mans restoration, as the fruit [o]f that forbidden tree, whose mortal taste [b]rought death into the world, and all our woe, [w]ith loss of Eden, till one greater Man [r]estore us, and regain the blissful seat (lines 1-5). [D]eath is human mortality, and all our woe is mans suffering†¦show more content†¦In Paradise Lost, John Milton begins his poem after the War in Heaven, and after the angels had fallen. [T]he poem hastes into the midst of things, presenting Satan with his angels now fallen into Hell, described here, not in the center (for Heaven and Earth may be s upposed as yet not made, certainly not yet accursed) but in a place of utter darkness, fitliest called Chaos (Norton Anthology 1817). By starting in medias res, Milton fulfills one of the elements expected as part of an epic. In line six of Paradise Lost, Milton makes a call of divine force, [s]ing Heavenly Muse (line 6). Clearly here in this line of the poem he makes a call to a Muse, therefore fulfilling another requirement of an epic poem. But this Muse is not like other Muses in recent epics. This Muse is the Holy Spirit. Milton goes on to describe the Heavenly Muse, that on the secret top [o]f Oreb, or of Sinai, didst inspire [t]hat shepherd, who first taught the chosen seed, [i]n the beginning how the heavns and earth [r]ose out of Chaos (lines 6-10). The shepherd referred to here is Moses. Clearly Miltons Muse is God, the Great Divine, because God talks to Moses on top of Mount Sinai. Further proof that the Muse in this poem is the Holy Spirit is when the reference is made of Sion Hill [d]elight thee more, and Siloas brook that flowed [f]ast by the oracle of God (lines 10-12). Mount Zion [was] the site of Solomons TempleShow MoreRelatedJohn Milton s Paradise Lost896 Words   |  4 Pagesvict im to unfortunate events. One of the world’s greatest unanswered questions is: why do bad things happen? Or is it really an unanswered question? The great poet Milton decided to answer this question in his poem Paradise Lost. Milton wanted to create an epic to rival Homer and Virgil’s epics and he decided that there was no better way to do this than to answer mankind’s greatest question. Milton states that the reason why bad things happen in the world is because of man’s first disobedience to GodRead MoreThe comparison between John Miltons Paradise Lost and its basis on The Bible.2947 Words   |  12 Pageshumanity; beginning with the fall from Eden and the nature of evil, to the means of regaining Gods grace and the discussion of free will, it emphasizes humanitys inability to fully comprehend the nature of God and of the universe. In writing his epic Paradise Lost, John Milton is fully aware of his limitations as a mortal man; however, in an attempt to transcend the finite to the infinite, to describe the indescribable and to understand the unknown, Milton bases his arguments on Biblical theology to showRead MoreHeroes of the Ages1130 Words   |  5 PagesThroughout the ages, there have been many epic heroes in which we hear about through stories. However, there is a rather common question of what makes them an epic hero. Not only do humans look for the bravery and good deeds in a hero, but they go deeper than that. They wish to know what lies beneath the skin. Literally, what makes them act the way they do. Psychologically speaking, there is no sure way to tell why each person acts the way they do. However, what people can analyze is the actionsRead MoreQuest For An Earthly Paradise And The Anticipation Of A Heavenly One2015 Words   |  9 Pagesand Hope in the Depiction of Paradise The quest for an earthly paradise and the anticipation of a heavenly one is a drive that has always prevailed in humankind s search for God and redemption from the original sin. The desire for a terrestrial manifestation of paradise, a so called lost origin is predominantly reflected in writers depictions of the fall of man. This can be seen in Milton s Paradise Lost and Lucy Hutchinson s Order and Disorder. Both these epic poems at times magnify theRead MoreAnalysis Of The City Of God Essay2278 Words   |  10 Pagesthe subject has to acquire the most knowledge; However, the events that happened in literature and history express that there should be a limit to how much power one human should be able to obtain. In literature the play Doctor Faustus and epic poem Paradise Lost depicts characters, who fit this description of wanting to be the most powerful. They do this by seeking out the highest known level of knowledge, so that they could either be equal or more powerful than t heir peers. In history St. AugustineRead More The Son of God in Milton’s Paradise Lost: Taking One for the Team1761 Words   |  8 PagesThe Son of God in Milton’s Paradise Lost: Taking One for the Team Among those familiar with the Judeo-Christian belief system, Jesus is normally accepted as a selfless figure, one who became human, suffered, and was put to death out of divine love for humanity. In his portrayal of the Son of God in Paradise Lost, John Milton does not necessarily disagree with the devotion or love present in the Son. His characterization of the Son does not oppose this tradition; rather, it is simply differentRead MoreThe Theory Of Mind Over Matter2132 Words   |  9 Pagessource and the remedy for most of the body’s ailments. The concept has recently received a bad reputation from false claims and apparent fraud. This has led to sceptics who either dismiss the connections between the mind and body or simply ignore them all together. Throughout history, people have held on to the strong beliefs in the power of the mind and the physical effects attributed to it. For those who are open to the theory and exposed to some of the mind’s potentials, they often become fascinatedRead MoreStrategic Human Resource Management View.Pdf Uploaded Successfully133347 Words   |  534 Pages Strategic Human Resource Management, Second Edition by Charles R. Greer Copyright  © 2001, 1995 by Prentice-Hall, Inc. A Pearson Education Company Upper Saddle River, New Jersey 07458 Compilation Copyright  © 2003 by Pearson Custom Publishing All rights reserved. This copyright covers material written expressly for this volume by the editor/s as well as the compilation itself. It does not cover the individual selections herein that first appeared elsewhere. ii Permission to reprint these

Tuesday, December 17, 2019

A Crisis Of Faith Unpacking The Paradox Of Bram Stoker...

A Crisis of Faith: Unpacking the Paradox of Bram Stoker’s Religious â€Å"Other† Vampires are not new. Vampires are not old, either. Over the immeasurable history of the vampire myth, they have been re-invented countless times. In the early 19th century, vampires stepped out of legend and into literature where its evolution has continued. Polidori’s vampire was seductive. Anne Rice’s vampire was lonely. Francis Ford Copolla’s vampire was passionate. Bram Stoker’s vampire, however, was something arguably more complicated: it was the embodiment of faith at a time and place where faith was a matter of great contention. In his 1897 novel, Stoker designed his vampire as a complex and comprehensive religious â€Å"other† with characteristics derived in part from many of the religious traditions he saw in conflict around him. He placed these religious traditions within a folkloric creature associated with evil, encapsulating Victorian anxieties relating to the validity and verity of Christianity and scientific modernism. The resulting character, the notorious Count Dracula, was the unholy incarnation of the interdependent complexity and the tumultuous state of faith in Victorian England. At the time of Dracula’s authoring, the infamous fin de sià ¨cle, the western mind was full of anxieties with respect to many things, not least of which was the legitimacy of its religious practice. During the 20-year span surrounding the turn of the century, several of Stoker’s literary contemporaries

Monday, December 9, 2019

Software Testing Strategies and Current Issues †MyAssignmenthelp

Question: Discuss about the Software Testing Strategies and Current Issues. Answer: Introduction: To understand standards in Software Testing, there is a need to look into viewpoints related to producers and that of customers. A standard governs quality of particular software and thus this can be considered as good thing from customer viewpoint. Standards are in the form of published documents that specifies procedures and standards to ensure quality of software and also ensures safety and reliability of it (Fuggetta Di Nitto, 2014). The research paper that is chosen discusses the growth or evolution of software testing. It highlights the fact that as penetration of computers increased, cost of software failure also increased and this resulted in the growth of testing. The paper outlines major testing models and discusses national standards for software (Gelperin Hetzel, 1988). The paper refers to ANSI/IEEE standard. There are many standards under ANSI/IEEE standard. This report will focus on IEEE 1008 unit testing standard. The will then try to answer some specific questions a bout the chosen standard. The first paragraph will provide the standard name. IEEE 1008 unit testing standard is the chosen standard. This paragraph will provide details about copyright holder for the given standard. A task group of Institute of Electrical and Electronics Engineers (IEEE) technical committee holds the copy right for this standard. In short, IEEE is the copyright holder ("1008-1987 - IEEE Standard for Software Unit Testing - IEEE Standard", 2018). IEEE (Institute of Electrical and Electronic engineers) was the sole contributor for this standard. There was a working group within the IEEE which was responsible for framing the standard. This portion will clarify about the scope of the standard. Before presenting the scope, there is a need to understand software unit testing. This is a level of software testing. In this level, individual units or components of particular software are tested. Unit testing is done for the sole purpose of validating that each unit of software is functioning as designed (Ammann Offutt, 2016). A smallest testable part of software is unit. There are usually few inputs and this result in a single output. For programming that is procedural, a unit is a function, procedure or an individual program. In case of object oriented programming the smallest unit is a method (Kim et al., 2013). The reason for this explanation is to make the concept of unit testing clear as IEEE 1008 deals with unit testing. The primary aim of this standard is to specify an approach that is standard to software unit testing and this can be used as a basic framework for safe software engineering practice. The second ob jective for this standard is to describe concepts relating to software engineering and testing assumptions on which this standard is based on. The third scope for this standard is to assist with information for implementation and also to provide guidance. This paragraph will mention some key concepts that will help in understanding the standard. Since, this deals with IEEE 1008 standard, users need to understand unit testing in detail to implement the standard. As mentioned earlier unit testing is testing of individual components of software. Unit testing is performed by using white box testing method. Unit testing forms the first level of software testing and this performed before integration testing (Jan et al., 2016). Unit testing is basically performed by developers or by independent software testers. Unit testing task includes three parts namely Unit test plan, unit test cases and unit test. Under Unit test plan there are four components- prepare, review, rework and baseline. Under unit test cases there are also four components- Prepare, Review, Rework and baseline. For the last part that is Unit test, it has only one component that is Perform. Unit testing is done widely as there are several benefits. The first benefit of unit t esting is that it increases confidence in maintaining code. There is a possibility that when good unit tests are framed, users will be able catch any defects when they are run when a code is being changed. Because of unit testing, codes are more reusable. Codes need to be modular for making unit testing possible. Development is much faster when unit testing is implemented. Writing a test takes considerable time but that time is compensated since it takes much less time to run the test. When there is a defect, cost of fixing that defect is lesser when compared to defects found at higher levels ("Unit Testing - Software Testing Fundamentals", 2018). In case of Unit testing, debugging is very easy. If a test fails, developer needs to debug only the latest changes. Lastly, for unit testing codes are more reliable when compared to other levels. This portion will highlight what this standard does. This standard is in the form of a document which was developed by IEEE standards association board. IEEE 1008 standard was developed through a consensus development process which was further approved by American national standard Institute ("IEEE 1008-1987 - IEEE Standard for Software Unit Testing", 2018). This standard was made to ensure quality during unit testing of software. This standard emphasizes some key concepts and this will be discussed. The first one is integrity levels. This standard defines four integrity levels that range from high integrity to low integrity. This basically describes the importance software based system and software to the user. The second point mentions that rigor and integrity is applied to testing tasks. Intensity and rigor that is applied to a testing task vary according to integrity levels (Yue et al., 2016). This actually means that greater intensity is required for higher integrity levels. Int ensity mainly includes broader scope of testing across abnormal and normal operating system. And for rigor, it includes recording procedures and formal techniques. The third thing that this standard does is that it specifies criteria which are detailed in nature for testing tasks. For each testing tasks, a specific criteria is defined such as recommending minimum criteria such as consistency, correctness, accuracy, completeness, testability and readability. Required task inputs and outputs are included in testing task description (Singh et al., 2013). The fourth point is systems viewpoint and this includes minimum testing tasks which are recommended must respond to system issues. Finally, the standard also specifies the selection of test documentation. Based on testing task associated with integrity level, content topics and type of test documentation needs to be selected. The relevance that this standard brings to the table for software testing is immense. This standard specifies an approach which is integrated. It defines the approach to documented unit testing and systematic unit testing. Unit design, unit requirements and unit implementation is used for determining completeness for testing ("1008-1987 - IEEE Standard for Software Unit Testing | Engineering360", 2018). Testing process here is composed of multiple phases, tasks and activities. Minimum set of tasks for each activity is defined. This standard can be applied to unit testing for any computer software and also applies to testing of modified and developed units (Myers, Sandler Badgett, 2014). For the above mentioned reasons the relevance of this standard still counts to this day. Discussion based on the research paper The paper mentions that the development of IEEE standard was considered as a sign of professional maturity. However, the research paper mentioned few drawbacks of the implementation of the standard. Task group within the IEEE were tasked to frame the standard. The best practices at that time were not standardized by the task group and instead that task group tried to reach consensus on how the documentation for the test should be done. A system of data structures was documentation and it was perceived like that. Major difference exists between current practice and test documents which were defined in the standard and this difference can be found out in the definition of the test plan. Several test plans includes design and planning issues. Because of planning issues strategy choices are limited. The research paper further implies that the unit testing standard requires test summary report and test design specification. The research paper further states visibility is the biggest diffe rence between current practice and the standard. As far as commonalities are concerned, the research paper describes that the standard specifies activities, tasks, documents and phases that builds a unit testing effort. It also mentions that the standard for unit testing stresses on the need for designing a test set. Conclusion: Based on findings and research it was found out that standard IEEE 1008 was framed specifically for unit testing. It was also found out through thorough research that to implement the standard users need to be aware of unit testing concepts. Unit testing concepts and why it is beneficial for software testing have been explained in detail. The report carefully addresses seven questions relating to the standard. The scope, copyright information and the relevance of the standard have been addressed. Some drawbacks were identified with the help of research paper. Therefore, it can be concluded that the relevance of IEEE 1008 standard is huge and the user needs to be aware of this standard to implement it in case of software testing. References: Gelperin, D., Hetzel, B. (1988). The growth of software testing.Communications of the ACM,31(6), 687-695. 1008-1987 - IEEE Standard for Software Unit Testing - IEEE Standard. (2018).Ieeexplore.ieee.org. Retrieved 16 April 2018, from https://ieeexplore.ieee.org/document/27763/ Ammann, P., Offutt, J. (2016).Introduction to software testing. Cambridge University Press. Kim, Y., Kim, Y., Kim, T., Lee, G., Jang, Y., Kim, M. (2013, November). Automated unit testing of large industrial embedded software using concolic testing. InAutomated Software Engineering (ASE), 2013 IEEE/ACM 28th International Conference on(pp. 519-528). IEEE. Jan, S. R., Shah, S. T. U., Johar, Z. U., Shah, Y., Khan, F. (2016). An Innovative Approach to Investigate Various Software Testing Techniques and Strategies.International Journal of Scientific Research in Science, Engineering and Technology (IJSRSET), Print ISSN, 2395-1990. Unit Testing - Software Testing Fundamentals. (2018).Software Testing Fundamentals. Retrieved 16 April 2018, from https://softwaretestingfundamentals.com/unit-testing/ IEEE 1008-1987 - IEEE Standard for Software Unit Testing. (2018).Standards.ieee.org. Retrieved 16 April 2018, from https://standards.ieee.org/findstds/standard/1008-1987.html Yue, T., Ali, S., Zhang, M., Pradhan, D. (2016). Standardization Bodies and Standards Relevant for Uncertainty Modelling.Simula Research Laboratory, Technical Report,5, 2016. Singh, S., Kaur, A., Sharma, K., Srivastava, S. (2013). Software testing strategies and current issues in embedded software systems.International Journal of Scientific Engineering Research,3(4), 1342-1357. 1008-1987 - IEEE Standard for Software Unit Testing | Engineering360. (2018).Reference.globalspec.com. Retrieved 16 April 2018, from https://reference.globalspec.com/standard/9721/1008-1987 Myers, G. J., Sandler, C., Badgett, T. (2014).The art of software testing. John Wiley Sons. Fuggetta, A., Di Nitto, E. (2014, May). Software process. InProceedings of the on Future of Software Engineering(pp. 1-12). ACM.

Sunday, December 1, 2019

What I Think About Fashion free essay sample

In most countries of the world the population is increasing alarmingly. This is especially true in poor, undeveloped countries. Overpopulation causes a considerable number of problems. In poor countries it is difficult to provide enough food to feed even the present number of people. In addition, education to limit the number of children per family is not always successful. Poorer countries usually have a lot of unemployment too, and an increase in population simply makes the situation worse. The environment also suffers when there are too many people living on the land. In rich, industrialised and developing countries it is very difficult for governments to provide effective public services in overcrowded cities. Moreover, there is usually a great deal more crime, which is often due to high rates of unemployment. Further large increases in population only cause more overcrowding, unemployment and crime. There are two main solutions to the overpopulation problem. We will write a custom essay sample on What I Think About Fashion or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Firstly, every woman who is pregnant, but who does not want to give birth, should be allowed by law to have an abortion. Secondly, governments must educate people to limit the size of the family. In China, couples are penalised financially if they have more than one child. This may seem cruel, but the one-child policy is beginning to have an effect in the worlds most populous nation. Eventually, similar policies might also be necessary in other crowded nations such as India, for example. To sum up, if the population explosion continues, many more people will die of starvation in poor countries, and life in the cities, even in affluent nations, will become increasingly difficult

Tuesday, November 26, 2019

Free Essays on Beowulf- A True Epic Hero

Beowulf- A True Epic Hero Beowulf is the most well- renowned work of Old English. The epic tells the story of a hero named Beowulf. Beowulf’s character potrayed many Anglo-Saxon ideals. Beowulf was loyal, strong, fearless, and bold. Anglo-Saxon heroes proved themselves by doing good deeds, exemplifying bravery, and showing honor. Beowulf was considered the strongest warrior around, he would fight any creature to protect his King, and country from danger. Beowulf was very boastful. He never resisted in singing his own praises. In lines 43-47 of the excerpt from Beowulf it states, What man, Anywhere under Heaven’s high arch, has fought In such darkens, endured more misery or been harder Pressed? Yet I survived the sea, smashed The monsters’ hot jaws, swam home from my journey. These lines clearly allow us to see that Beowulf has a great sense of pride. Beowulf is afraid of nothing. His fearlessness is what made him such a great hero. Although many people may have thought that pride would be his downfall, I interpreted it as his motivation. No one else would have volunteered their lives such as Beowulf did. Without hesitation, Beowulf would come to the rescue. Although Beowulf had many great qualities that made him extremely admirable, he lacked humility. Even is his youngest days, he boasted. Beowulf had a swimming match with one of his best friends, Brecca. Neither of them knew the dangers of swimming out to sea with dangerous sea creatures, and terrible monster’s lurking in the waters. In lines 9-11 of the excerpt, Beowulf states, He could never leave me behind. swim faster Across the waves than I could, and I Had chosen to remain close to his side. Even though Brecca and Beowulf were like brothers to each other, Beowulf never hesitated to state that he was the better of the two. In Beowulf’s eyes, there was no greater man than he. Beowulf never gave up. He always believed that his f... Free Essays on Beowulf- A True Epic Hero Free Essays on Beowulf- A True Epic Hero Beowulf- A True Epic Hero Beowulf is the most well- renowned work of Old English. The epic tells the story of a hero named Beowulf. Beowulf’s character potrayed many Anglo-Saxon ideals. Beowulf was loyal, strong, fearless, and bold. Anglo-Saxon heroes proved themselves by doing good deeds, exemplifying bravery, and showing honor. Beowulf was considered the strongest warrior around, he would fight any creature to protect his King, and country from danger. Beowulf was very boastful. He never resisted in singing his own praises. In lines 43-47 of the excerpt from Beowulf it states, What man, Anywhere under Heaven’s high arch, has fought In such darkens, endured more misery or been harder Pressed? Yet I survived the sea, smashed The monsters’ hot jaws, swam home from my journey. These lines clearly allow us to see that Beowulf has a great sense of pride. Beowulf is afraid of nothing. His fearlessness is what made him such a great hero. Although many people may have thought that pride would be his downfall, I interpreted it as his motivation. No one else would have volunteered their lives such as Beowulf did. Without hesitation, Beowulf would come to the rescue. Although Beowulf had many great qualities that made him extremely admirable, he lacked humility. Even is his youngest days, he boasted. Beowulf had a swimming match with one of his best friends, Brecca. Neither of them knew the dangers of swimming out to sea with dangerous sea creatures, and terrible monster’s lurking in the waters. In lines 9-11 of the excerpt, Beowulf states, He could never leave me behind. swim faster Across the waves than I could, and I Had chosen to remain close to his side. Even though Brecca and Beowulf were like brothers to each other, Beowulf never hesitated to state that he was the better of the two. In Beowulf’s eyes, there was no greater man than he. Beowulf never gave up. He always believed that his f...

Saturday, November 23, 2019

Avoid Common Mistakes That Beginning Reporters Make

Avoid Common Mistakes That Beginning Reporters Make Its the time of the year when introductory reporting class students are submitting their first articles for the student newspaper. And, as always happens, there are certain mistakes that these beginning reporters make semester after semester. So here is a list of common mistakes that novice journalists should avoid when writing their first news stories. Do More Reporting Too often beginning journalism students turn in stories that are weak, not necessarily because theyre poorly written, but because theyre thinly reported. Their stories dont have enough quotes, background information or statistical data, and its clear that theyre trying to piece together an article on the basis of meager reporting. A good rule of thumb: Do more reporting than is necessary. And interview more sources than you need to. Get all the relevant background information and statistics and then some. Do this and your stories will be examples of solid journalism, even if you havent yet mastered the newswriting format. Get More Quotes This goes along with what I said above about reporting. Quotes breathe life into news stories and without them, articles are arid and dull. Yet many journalism students submit articles that contain few if any quotes. Theres nothing like a good quote to breathe life into your article so always do plenty of interviews for any story you do. Back Up  Broad Factual Statements Beginning journalists are prone to making broad factual statements in their stories without backing them up with some sort of statistical data or evidence. Take this sentence: The vast majority of Centerville College students hold down jobs while also going to school. Now that may be true, but if you dont present some evidence to back it up there is no reason your readers should trust you. Unless youre writing something thats plainly obvious, such as the Earth is round and the sky is blue, make sure to dig up the facts to support what you have to say. Get Full Names of Sources Beginning reporters often make the mistake of just getting the first names of people they interview for stories. This is a no-no. Most editors will not use quotes unless the story contains the full name of the person being quoted along with some basic biographical information. For example, if you interviewed James Smith, an 18-year-old business major from Centerville, you should include that information when you identify him in your story. Likewise, if you interview English professor Joan Johnson, you should include her full job title when you quote her. No First Person Students who have been taking English classes for years often feel the need to use the first person I in their news stories. Dont do it. Reporters almost never resort to using the first person in their hard news stories. Thats because news stories should be an objective, dispassionate account of events, not something in which the writer injects his or her opinions. Keep yourself out of the story and save your opinions for movie reviews or editorials. Break Up the Long Paragraphs Students accustomed to writing essays for English classes tend to write paragraphs that go on and on forever, like something out of a Jane Austen novel. Get out of that habit. Paragraphs in news stories should typically be no more than two to three sentences long. There are practical reasons for this. Shorter paragraphs look less intimidating on the page, and they make it easier for editors to trim a story on a tight deadline. If you find yourself writing a paragraph that runs more than three sentences, break it up. Short Ledes The same holds true for the lede of the story. Ledes should generally be just one sentence of no more than 35 to 40 words. If your lede gets much longer than that it means youre probably trying to cram too much information into the first sentence. Remember, the lede should just be the main point of the story. The small, nitty-gritty details should be saved for the rest of the article. And there is rarely any reason to write a lede thats more than one sentence long. If you cant summarize the main point of your story in one sentence, then you probably dont really know what the story is about, to begin with. Spare Us the Big Words Sometimes beginning reporters think that if they use long, complicated words in their stories they will sound more authoritative. Forget it. Use words that are easily understood by anyone, from the fifth-grader to the college professor. Remember, youre not writing an academic paper but an article that will be read by a mass audience. A news story isnt about showing off how smart you are. Its about conveying important information to your readers. A Few Other Things When writing an article for the student newspaper always remember to put your name at the top of the article. This is necessary if you want to get a byline for your story. Also, save your stories under file names that relate to the topic of the article. So if youve written a story about tuition increasing at your college, save the story under the file name tuition hike or something like that. That will enable the editors of the paper to quickly and easily find your story and place it in the proper section of the paper.

Thursday, November 21, 2019

Law Case Study about Charity Research Paper Example | Topics and Well Written Essays - 1750 words

Law Case Study about Charity - Research Paper Example Lord Parker’s observation in Bowman v Secular Society Limited it therefore instructive. According to Lord Parker, a gift is charitable if it is for the â€Å"benefit of the public and recognized as â€Å"charitable in the legal† sense rather than in the â€Å"popular sense†.2 A trust is legal if it is for at least one of four identified purposes: â€Å"relief of poverty; advancement of education; advancement of religion; and for other purposes beneficial to the community†.3 A gift to the homeless can thus be said to be for the relief of poverty. According to Kitto J. poverty exists with an individual cannot afford the bare necessities â€Å"for a modest standard of living in the Australian community.†4 Being homeless would certainly meet the criteria of poverty and thus is a legal charitable trust and as such is a valid trust. Moreover, a gift for the relief of poverty does not have to be specifically for the benefit of the public. It can be for an y number of individuals. The rationale is that relief of the poor is beneficial to the public in general.5 Paragraph 3(b): The gift described in Paragraph 3(b) must likewise meet the legal charity requirement in order to be a valid gift. The only category that this gift can fall under is for the advancement of education. ... fit on the public.7 In order to qualify as beneficial to the public the gift is required to be for either the public or for a section of the public and must not be associated with a particular private organization so as to make it a group of private individuals.8 The gift in Paragraph 3(b) does not identify or favour a specific company or organization or individuals. It provides for the briefing of any business people participating in the North Australian export market with East and South Asia. Thus the gift is for a public class of beneficiaries rather than a private class and therefore is a legal charitable trust for the advancement of education.9 Paragraph 3(c): The trust described in paragraph 3(c) appears on its face to be a charitable trust for the advancement of education. The trust speaks to spending the trust funds designated for this gift on a charitable organization that educates the public relative to the desirability of amending the Northern Territory (Self Government) A ct. However, such a gift will not likely be regarded as a legal charitable trust since it seeks to support a cause directed at changing a legislative provision. It was held in National Anti-Vivisection Society v Inland Revenue that a gift designed to support of make changes in the law is not a charitable trust.10 Thus this particular gift will fail as a charitable purpose trust. The only way for the gift to succeed is if it meets the requirements of an ordinary trust. The gift described in paragraph 3(c) does not specify a group for the purpose of an ordinary trust. It is not definitive enough for the court to execute and would only survive if it were a charitable gift.11 As a result, the shares designated to paragraph 3(c) will be regarded as an undisposed of gift and will fall to Foina

Tuesday, November 19, 2019

MICRO PORTFOLIO TASK Essay Example | Topics and Well Written Essays - 2250 words

MICRO PORTFOLIO TASK - Essay Example The six large producers have equal share of market demand and they have successfully threatened the entry of other firms in the industry. According to the viewpoint of the researcher, the firms in the above market are in an Oligopolistic market structure. In this type of a market structure, there are two to ten sellers in the industry. The price and output decisions undertaken by each firm is on the basis of strategic behaviour. In this type of a market structure, each of the above six firms have the power to influence the market demand. This means that each firm undertakes the decision about the prices and the quantity of output to be produced on the basis of the assumption of the business decisions undertaken by the other potential rivals in the market. However, it would be interesting to note that degree competition in the above mentioned Oligopolistic market is zero. The six large firms in the above case are enjoying equal market share and hence, equal profit. This means that the firms have undertaken the decision of Cartel in the Oligopolistic market structure. ... However, on the whole, the market demand curve is downward (Manne, 2012). Figure 1: Profit of Each Firm (Source: McEachern, 2012) The above graph shows the equal profit shared by each of the firm. Cartel in the Oligopolistic market structure which occurs when the nature of the product sold by each of the firm is less differentiated. In the above case, all the firms are engaged in the production of less differentiated cereals. The Herfindahl index is the index that measures the size of each of the firms in a particular industry and comments on the level of existing competition in there. It is calculated by the sum of the squares of the market shares by each of the firm in the industry. An increase in the value of the index indicates a fall in the level of competition on the industry and a rise in the level of market power. The value of Herfindahl index for the above concerned case: Where, N= number of firms on total. So, i = 1 to 16 (6 large and 10 small). S =market share of each firm . H= (0.152+0.152+0.152+0.152+0.152+0.152) + (0.012+0.012+0.012+0.012+0.012+0.012+0.012+0.012+0.012+0.012) = 0.136 (13.6%) The value of the Herfindahl index for the above market (13.6) indicates a high degree of market concentration among the six large firms. Under such a situation if the market shares of any of the six large firms decrease or increase then the value of the index would be increasing substantially. This is the reason for which the firms in the industry have adopted the decision of Cartel in the market (Riley, 2012). (c) It has been analyzed that the level of concentration among the firms in the above industry is high. Only six firms in the industry have occupied about 90% of the aggregate market share. On

Sunday, November 17, 2019

The movie “Jose Rizal” Essay Example for Free

The movie â€Å"Jose Rizal† Essay The movie â€Å"Jose Rizal† is all about our National Hero Dr. Jose Rizal – Hislife and works, his struggles in order to free his countrymen from abuse, until his death under the hands of the Spaniards who occupied our country for a very longtime. Most of the scenes of the film took place during Rizal’s imprisonment at Dapitan wherein he meets Taviel, a Spanish officer, who will eventually defend him on his trial in court. During their meeting, Taviel asks Rizal everything about him and his works through various questions. Every answer that Rizal brought out from his mouth made Taviel realize that Rizal was indeed an innocent man. On the course of their conversation, Rizal talks about the making of his Two Novels â€Å"Noli Me Tangere† and its sequel â€Å"El Filibusterismo† which are both anti-Spanish Novels that depicts how the Spaniards rule the Philippines and how the rights of the Filipinos were abolished. Rizal portrayed himself on the said Novels – as Crisostomo Ibarra on â€Å"Noli Me Tangere† and as Simeon on â€Å"El Filibusterismo. †Going through with the movie, while Rizal is telling his story to Taviel, the scene on the movie switches from his life story then to his portrayal on his Novels. Sometimes the scene gets very difficult to follow because of the sudden switches during the scenes on the movie most especially during the time that his first novel was on the process of writing. Rizal, a brave and a man of his word, was never afraid whatever theconsequences he may suffer because of his writings that are against the friars and also to Spaniards. His goal was to free the Philippines from the unjust government of Spanish colony. In summary, the movie talks mostly of Rizal’s life until his death and the creation of his great novels. The actors and actresses who acted on the movie did a great job presenting how it was during Rizal’s time even though the said events in Rizal’s life were just written in books.

Thursday, November 14, 2019

Summary and Analysis of The Clerks Tale Essays -- Canterbury Tales Th

Summary and Analysis of The Clerk's Tale (The Canterbury Tales) Prologue to the Clerk's Tale: The Host remarks that the Clerk of Oxford sits quietly, and tells him to be more cheerful. The Host asks the Clerk to tell a merry tale of adventure and not a moralistic sermon. The Clerk agrees to tell a story that he learned from a clerk at Padua, Francis Petrarch. He then praises the renowned Petrarch for his sweet rhetoric and poetry. The Clerk does warn that Petrarch, before his tale, wrote a poem in a high style exalting the Italian landscape. Analysis In the Prologue to the Clerk's Tale, Chaucer indulges yet again in a mild critique of his contemporaries. Here he analyzes Petrarch's stories and finds fault with his overindulgent descriptions of the Italian landscape, yet nevertheless he finds Petrarch's story good enough to adapt for his own Canterbury Tales. Geoffrey Chaucer did adapt most of these tales from outside sources, modifying them as he saw fit and often making significant changes in tone and plot points. Nevertheless, many of the stories in the Canterbury Tales did not originate with Chaucer himself. The Clerk's Tale: The tale begins with the description of Saluzzo, a region at the base of Mount Viso in Italy. There was once a marquis of this region named Walter. He was wise, noble and honorable, but had one major flaw. He refused to marry, choosing careless pursuits instead. His refusal was so steadfast that the people of his realm confronted him about this, pleading with him to take a wife. They offer to choose for him the most noble woman in the realm for him to marry. He agrees to marry, but makes this one condition: he will marry whomever he chooses, regardless of birth, and his wife shall be tr... ...tes Griselde's fortitude is callous and inappropriate to the purpose. The following tests that Walter inflicts on his wife appear to serve a different purpose. Walter's motivation seems to shift from demonstrating his wife's capacities to breaking down his wife. This may be due to envy for Griselde, a woman universally beloved by his people, who at the outset of the story consider Walter irresponsible and immature. By the time Walter sends Griselde naked from his home he has become wholeheartedly sadistic. The reconciliation that concludes the Clerk's Tale is therefore unsatisfying, for it restores to Walter what he does not deserve. The reconstruction of the family that occurs when Griselde and her children return to Walter's estate is at best tenuous, bringing together a wife and a husband who tortured her, and children and the parents who did not raise them.

Tuesday, November 12, 2019

End the Wolf Hunt – Save the Wolves

Molly Kinney Composition 1 Mary Burmaster November 11 2012 Saving the Grey Wolves Wolves and humans have been coexisting for hundreds of years. Before Europeans conquered our vast country, wolves held a very esteemed place in Native American culture, as they were vital to forest ecosystems, and were often believed to be spiritual beings in many tribes (kidsplanet 1). As much as they were honored in tribal cultures, others feared them.Children’s fables often described them as â€Å"the big bad wolf† in stories such as Little Red Riding hood and The Three Little Pigs (kidsplanet 1). Settlers saw wolves in this way because they were a sort of competition, dwindling stock and wild game numbers (kidsplanet 1). Even into the 20th century, the belief that wolves were still a threat to human safety continued despite documentation to the contrary, and by the 1970s, the lower forty eight states had wolf populations less than three percent of their historical range, about 500 to 1 ,000 wolves (kidsplanet 1).In a book written by Bruce Hampton called The Great American Wolf, he states, â€Å"In the span of three hundred years nationwide, but only seventy years in the West, hunters in the United States had managed to kill off the wild prey of gray wolves; settlers, farmers, and ranchers had occupied most of the wolves' former habitat; wolfers had poisoned them; bounty hunters had dynamited their dens and pursued them with dogs, traps, and more poison; and finally, the government had stepped in and, primarily at the livestock industry's behest, quite literally finished them off.    Fortunately, around this time in the 70’s, American’s were starting to become much more aware of their impact on the environment and the wildlife. The Endangered Species Act was created in 1973, and the Grey Wolf was put on the list in 1974. After almost 35 years of restoration efforts and conservation work, the Grey Wolf has finally been taken off the endangered speci es list in Minnesota, with about 1,700 hundred wolves in the state (kidsplanet 1). Less than a year later, the Minnesota Department of Natural Resources (MN DNR) passed a law allowing a certain number of wolves to be hunted starting November 3, 2012 (kidsplanet 1).In the month and half the season has been open, about 150 Grey wolves have been killed (dnr. state. mn). Grey wolves are a vital part of our ecosystems and perhaps eventually grey wolves will once again thrive well enough that hunting them will not result in more conflict, but it is too soon to start the hunt again. Hunters should not be allowed to hunt grey wolves in Minnesota, because they have not had enough time to replenish their population and wolves are not a threat to human safety at all.Normally when an animal is taken off the endangered species list, it is given a five-year grace period to try and regain its spot back in the ecosystem before declaring a hunting season is even a thought in the minds of DNR decisio n makers (Horon 1). Since it took close to 40 years for the Grey wolf to be taken off the list, it seems logical to give the animal an even longer period to recover, to ensure that the animal does not get put on the list ever again.Though one hunt most likely will not kill off all the wolves, if hunting continues every year, there could be serious damage once again to the wolf population, as said in an article from a Wisconsin news website, madison. com. â€Å"One hunt won't put wolves†¦ back on the list but research hints at possible longer-term harm to the wolf population and even an increase in wolves killing livestock, researchers say† (Seely 1). However, the Minnesota DNR ruled that less than one year was a sufficient amount of time for the wolves to repopulate, and opened a wolf-hunting season on November 3rd, 2012.Before settlers came to North America, more than 250,000 wolves roamed the uncharted territory that is now the United States (Cosmos magazine). With eve ry year of citizen growth in the New World, Wolf population decreased. As the U. S. grew and became more populated, settlers practically made careers out of wolf hunting. In the 19th century, the pelts were in such high demand that almost everyone sought to kill as many wolves as possible (kidsplanet 1). People moving west bought hundreds of acres of land to raise their stock on, and killed every wolf that came near.Research from1974 showed that there were only about 500 Grey wolves living in the entire United States (kidsplanet 1). In efforts to re-grow the wolf population, conservationists took wolves into protection. Being protected by the Endangered Species Act has helped the Grey Wolf a lot. In the  Great Lakes, wolves have grown in population and expanded their range from Minnesota to Northern Michigan and Wisconsin (Meador 1). Although there have been huge gains in favor of the wolves, population recovery is far from over.Only 5,000 to 6,000 wolves occupy a mere five percen t of the animals’ historical range throughout Minnesota and the rest of the United States (Meador 1). Replenishing wolf populations through out the states would protect the future of wolves and allow them to play their important role in the forest environment in greater fulfillment of their former range. Yet another reason why wolves should not be hunted is because they pose no actual threat to humans or livestock. Wolves are able to kill animals much larger than humans and should be treated with respect.Contrary to the belief that wolves are vicious and aggressive towards humans, there have only been two reported deaths by wolf attack since 1900, one of which is heavily disputed (OregonWild 1). Moreover, wolves are opportunists, and sometimes eat livestock. However, they have a relatively small impact on the livestock industry as a whole (OregonWild 1). Unstable meat prices, disease, fuel and land prices, weather, dogs, and even human thieves pose larger threats to the marke t. (OregonWild 1). It is simply not true when people in favor of the wolf hunt say that wolves are detrimental to the industry.The United States livestock industry has been in a slow decline, preceding wolf recovery by many decades; However, a study done in an area of Oregon with a high wolf population showed that from 2009 to 2011, while the wolf population grew from 500 to 1400, revenue in the livestock industry jumped almost fifty percent to almost $27 million in a county with barely 7,000 citizens (OregonWild). Although wolves were not the cause of the huge increase, it is clear that their impact in the industry is small (OregonWild).Like shark attacks, when wolves wreak havoc, it can make for upsetting photos and grim stories, and so the risk of wolves to livestock is many times magnified (OregonWild 1). Research done in areas of high wolf populations has actually shown that having wolves around may actually decrease livestock loss by keeping smaller predators like coyotes in c heck (OregonWild 1). Of course, there are many people who believe that a Wolf hunt is completely acceptable under current circumstances. Many supporters believe that if professionals are not actively watching wolf population, it will increase much too rapidly (Robb 1).In an article from petersenhunting. com, Bob Robb, a hunting column writer, says, â€Å"This is especially true in areas where there are lots of animals for them to eat – like the Yellowstone ecosystem. Because wolf numbers exceeded targeted reintroduction population goals in the Yellowstone ecosystem more rapidly than expected, the animal was removed from the Endangered Species List and a sport hunting season on wolves was instituted in 2009† (Robb 1). Research does show that wolf packs not observed by researchers do reproduce more (petersenhunting 1).Minnesotans should not be allowed to hunt wolves because they have only been off the endangered species list for a year so their populations are not at the greatest numbers, and statistics from states where wolf hunting is illegal show that they may actually help the livestock industry and are not a threat at all. Very recently, researchers at Yellowstone National Park were saddened when the Alpha Female, called 832F by scientists and â€Å"Rockstar† by visitors, was found dead outside park boundaries on December sixth.Seven other wolves were found dead with her, all killed by hunters (EarthIslandJournal 1). After environmentalist’s work getting the Grey Wolf on the list finally paid off, they had hopes for the wolves to once again thrive someday in their natural habitat. This will never happen if we start diminishing wolf populations, right when they are at the height of restoration progress. Works Cited â€Å"DNR- What Happened behind Closed Doors? †Ã‚  Howling for Wolves Minnesota. N. p. , 13July 2012. Web. 13 Nov. 2012. ;http://www. owlingforwolves. org/news/dnr-what- happened-behind-closed-doors;. â€Å"COSM OS Magazine. †Ã‚  Grey Wolf Withdrawn from Endangered List. N. p. , 05 May 2010. Web. 13 Nov. 2012. . Greder, Andy. â€Å"Minnesota Wolf Hunt: About 150 Wolves Killed Statewide’’. â€Å"TwinCities. com. N. p. , 18 Nov. 2012. Web. 10 Dec. 2012. Horon, Sonia. â€Å"The Grey:? A Bad Fairy Tale About Wolves. †Ã‚  Globalanimal. com. Global Animal Website, 27 Jan. 2012. Web. 10 Dec. 012. Meador, Ron. â€Å"Save the Grey Wolf. †Ã‚  Causes. Minnpost, n. d. Web. 19 Sept. 2012. ;http://www. causes. com/causes/75833-save-the-grey-wolf;. Motsinger, John. â€Å"Wolf Weekly Wrap-up | Defenders of Wildlife Blog. †Ã‚  Wolf Weekly Wrap-up | Defenders of Wildlife Blog. N. p. , 7 Dec. 2012. Web. 10 Dec. 2012. â€Å"Oregon Wild. †Ã‚  Wolves-Misunderstood. N. p. , n. d. Web. 10 Dec. 2012. ;http://www. oregonwild. org/fish_wildlife/bringing_wolves_back/wolves- misunderstood; Robb, Bob. â€Å"Petersen's Hunting. †Ã‚  Petersens Hunting. N. p. 2 Nov. 2012. Web. 10 Dec. 2012. Seely, Matt. â€Å"Questions abound before Wisconsin’s Wolf Hunt†Ã‚  Madison. com. 14 Oct. 2012. Web. 10 Dec. 2012 William, Matt. â€Å"Yellowstone Popular Alpha Female Wolf Shot Dead by Hunters Outside Park. 10 Dec. 2012. Web. 10 Dec. 2012. â€Å"Wolf Management. †Ã‚  : Minnesota DNR. Minnesota DNR, Web. 13 Nov. 2012. ;http://www. dnr. state. mn. us/mammals/wolves/mgmt. html;.

Saturday, November 9, 2019

Kite Runner Friendship Analysis Essay

In Khaled Hosseini’s best-selling novel The Kite Runner, two boys, Hassan and Amir, have a friendship that is not as typical as most children’s. Although they do carve into a tree that they are the â€Å"sultans of Kabul†, their friendship is weak and one sided. These boys grew up in Kabul, and although their childhood friendship may have seemed like something out of a book, complete with pomegranate trees and story telling, it was dark and emotionally wearing. A main reason for this was because of the one subtle difference between these boys, omitting the differences in character. Hassan is a Hazara and Amir is a Pashtun. For this reason the Afghan society has classified Hassan as a lower human being and he, along with his father, is in servitude towards Amir and his family. Amir’s lack of self-confidence throughout the novel hinders his ability to have a true friendship with Hassan. Eventually Amir tries to break away from the power of the jealousy and guilt that Hassan has brought into his life. An underlying cause of the problems Amir has with his friendship pertaining to Hassan is that he is jealous of Hassan. This jealousy causes him to test Hassan, and to take advantage of Hassan’s unwavering loyalty. This is just to prove that Hassan is lower than he is. Amir confirms this by humiliating Hassan to himself, by taking advantage of Hassan’s illiteracy to amuse himself, such as when he convinces Hassan that imbecile meant smart and intelligent. Amir is not accomplishing anything by teasing Hassan except that he is establishing that he is smarter. Amir feels that he has to prove himself because he lacks acceptance from his father, so he teases Hassan in order to become acceptable to his father. Amir once again has to prove to himself that he has the ultimate superiority by testing Hassan when he tells him to eat dirt. Hassan says that he would, which is all Amir needs to expand his ego and confirm that he is still above Hassan. Furthermore, Amir is also jealous because his father, whom he longs for his approval, seems to favor Hassan. Hassan is athletic and Baba,Amir’s father, has said that he associates himself with Hassan over Amir. Amir’s jealousy arose from his avid pursuit and evident failure to achieve his father’s illusive approval. Because of the lack of approval from his father, Amir finds it necessary to tear down Hassan in order to build himself up. The friendship exemplified in The Kite Runner is very weak because Amir thinks of Hassan as his servant, which explains why he is constantly testing him and does not stand up for him as a true friend would do. Hazaras are not accepted in the Afghan society that Hassan and Amir grew up in, but Amir does not refute the biased and racist culture set out in front of him. Instead, he embraces it. Even at the susceptible age of twelve, Amir is well aware of the principles of right and wrong and he chooses to do wrong. He chooses to do wrong because he feels he will escape from the struggles Hassan has brought upon him. Hassan gets harassed by his peers, an example of this is when Assef, the local bully, bullies him by saying, â€Å"Afghanistan is the land of the Pashtuns. It always has been, always will be. We are the true Afghans, the pure Afghans, not this Flat-Nose here. His people pollute our homeland, our watan. They dirty our blood†¦.. How can you talk to him, play with him, let him touch you? â€Å". When Hassan is harassed, Amir does nothing. Instead, he almost blurts out that Hassan is nothing but a servant when in fact he spends all of his free time playing like true friends play. Amir wants to be accepted by his peers, peers such as Assef, Wali, and Kamal. He wants to be accepted with such a passion that he chooses to disregard his friend in order to gain approval from these boys. Amir ends up sacrificing his morals for popularity. Another example of how Amir is a coward and only wants to be accepted by his peers and his father is when he turns his back on Hassan when Hassan is raped. Hassan gets raped by Assef while trying to complete the task of kite running for Amir. Amir witnesses this horrible act and does nothing to stop it. He does not step in to help his friend because he believes that Hassan is sacrificing himself for him. This is a completely selfish thought on Amir’s part because no one should have to bear another persons burden, even if one person is another person’s servant. The choice made by Amir to sacrifice his morals and rationalize his decisions forever haunts him and makes it harder to escape the power of his own guilt. Amir is clearly an emotionally unstable person, but his resentment towards Hassan is deepened because of his own guilt. Amir feels extreme guilt after he watches his friend get raped in an alley. After witnessing this he feels that he can no longer be in the same room as Hassan. â€Å"I’d hear Hassan shuffling around the kitchen in the morning, hear the clinking of silverware, the whistle of the teapot. I’d wait to hear the door shut and only then I would walk down to eat† is an example of how he tries to avoid him. This shows that Amir cannot face his guilt. he knows that he has done something wrong but refuses to confront it and redeem himself and his friendship with Hassan. Amir realizes that he has done a grave dishonor to Hassan. He believed that he was a â€Å"monster† that caused Hassan so much trouble. Amir comes to terms with the fact that he is a selfish, immature person, yet instead of accepting that fact and trying to get Hassan’s forgiveness, he once again betrays his friendship. Because Hassan is a reflection of Amir’s guilt, Amir believes in an elementary manner that if he rids himself of what to him is the symbol of his guilt, he will also be freed of the guilt. This is why he frames Hassan of thievery. This plan to accuse Hassan of thievery ultimately backfires and causes Amir even more personal anguish. Hassan then left and even though Amir felt his absence would free him from the guilt and jealousy, he ends up even more full of guilt. Amir thinks of Hassan as less worthy human being even though he is jealous of him, this mix of jealousy and resentment leads to a guilt that Amir handles unethically. Amir treats Hassan much like a dog. He believes that he can treat him as roughly as possible, but the animal will be forever loyal. Amir does not believe that he needs to defend Hassan, since Hassan is ultimately there to sacrifice himself for Amir. Amir is jealous of Hassan because of Hassan’s approval earned by Baba, and this causes Amir to search for other ways to expand his ego. Amir resents Hassan because of the guilt that Amir has caused himself. The choices made by Amir and Hassan defined who they were and who they would become. Amir allows his original thoughts about Hassan, thoughts of loyalty and true friendship, to be tainted because he is weak. Although Amir and Hassan carved their names into a tree, Amir’s character hinders their ability to be best friends and their bond is a far cry from even an equal friendship. While trying to escape the grasps of jealousy and guilt, Amir ultimately falls deeper in the hole he dug himself.

Thursday, November 7, 2019

Smart Goals Wroksheet Essay Example

Smart Goals Wroksheet Essay Example Smart Goals Wroksheet Essay Smart Goals Wroksheet Essay University of Phoenix Material SMART Goals Part A: Reflect on your results from the Career Interest Profiler Activity and the Career Plan Building Activity: Competencies. Building on your strengths and weaknesses, create five SMART goals to help you with your personal academic and career journey. Resource: University of Phoenix Material: Goal Setting Example: Take a writing workshop in the next 2 to 3 weeks to help me improve my writing skills in order to successfully communicate with others. 1. Get my bumper fixed. 2. Get my son off the bottle. 3. Get my brakes and oil changed on my car. 4. Have a set time to go to bed and wake up. 5. Buy a new computer and printer when i get my school money. Part B: Evaluate your SMART goals according to the SMART criteria. Provide support for your evaluation. | |S |M |A |R |T | |Goal |Is the goal specific? |Is the goal measurable? |Is the goal attainable? Is the goal realistic? |Is the goal timely? | |Example: Take a writing workshop |Yes |Yes | Yes | Yes |Yes | |in the next 2 to 3 weeks to help | | | | | | |me improve my writing skills in |I will take a workshop to |I will measure my goal by |Writing workshops are ffered |I would have extra time to take|Two to three weeks is enough | |order to successfully communicate|improve my writing skills. |whether I complete the |on a weekly basis by University|the workshop. |time to complete a writing | |with others. | |workshop. |of Phoenix. | |workshop. | | | | | | | | |Goal 1: Get my bumper fixed by |Yes. Yes. |Yes. |Yes. |Yes. | |the end of this month. |I want to get the bumper on my |I have a deadline to get it |There is a place not 15 minutes|I can get the parts i need for |I can get it done one saturday | | |car fixed. |done by. |from my house where i can get a|a very cheap, reasonable price. |when im off. | | | | |replacement part. | | |Goal 2: Get my son off the |Yes. |Yes. |Yes. |Yes. |Yes. | |bottle. | I want to take away my sons |I can set a specific date i |It is something that needs to |Everyones children must come |We will work on weining. | | |bottle completely and have him |would like to achieve this by, |be done sooner rather than |off the bottle sometime. | | | |on a sippy cup. |given my son cooperates. later. | | | | | | | | | | |Goal 3: Get my brakes and oil |Yes. |Yes. |Yes. |Yes. |Yes. | |changed on my car within the next|My car needs to be taken care |This needs to be done on or |I have money put away |Every car has to have it done |It HAS to be done y a certain | |3000 miles. of have its scheduled |before 3000 miles. |specifically for this. |every so often. |milege. | | |maintence. | | | | | | | | | | | | |Goal 4: Have a set time to go to |Yes. Yes. |Yes. |Yes. |Yes. | |bed and wake up. |I want to make sure to go to |I need to have a set time to |However i need to make sure i |I might have to tweak my |I can slowly transition to this| | |bed on time so i can get up o n |wake up go to bed, lets say |get enough rest. |schedule but it can absolutely |in the next few weeks. | | |time. |10pm 530am. |work. | | |Goal 5: Buy a new computer and |Yes. |Yes. |Yes. |Yes. |No. | |printer when i get my school |I want to have the things i |I will make sure to do this |I KNOW i have the money coming |I will spend the money on what |I am not for certain when my | |money. |need for school. |when i get my money for school. |to me. |it needs to e spent on. |money will get here. | | | | | | | | | | | | | | Part C: Answer the following questions in complete sentences. 1. How is understanding your career interests and competencies helpful in creating SMART goals? It helps because you can then determine where you need to be focusing your attention and putting your energy and effort. You can set out goals that could be pointing you in the wrong direction and when you finally complete them you might feel like it was a waste of time. So use the Careerv Profiler to your advantage because it can help you understand what it exactly you want to do. Even open you up to knew ideas you might not have known interested you. 2. How can understanding the value of SMART goals help in achieving your personal academic and career goals? I think just understanding how to use SMART goals itself is very helpful. It is a handy tool to help you create and lay out plans for yor goals instead of just talking about things. This way instead of just saying you want to do this and you want to do that you can actually sit down a realistically know what you want and how to make the things you want attainable.

Tuesday, November 5, 2019

About Architect David M. Childs, Design Partner

About Architect David M. Childs, Design Partner Architect David Childs (born April 1, 1941 in Princeton, New Jersey) is best known as the designer of the One World Trade Center we see today in Lower Manhattan. His long relationship with Skidmore, Owings Merrill (SOM) has given this senior statesman of American architecture wide-ranging experience and success. David Magie Childs was priviledged to attend the best private schools in the United states - from the Deerfield Academy in Deerfield, Massachusetts to his 1963 Bachelors degree from Yale University. His career as an architect began after completing a graduate degree from Yale School of Art and Architecture in 1967. He began his professional career in Washington, D.C. when from 1968 to 1971 he joined the Pennsylvania Avenue Commission. Fresh out of Yale University, Childs formed a strong relationship with both Nathaniel Owings, a founding partner of Skidmore Owings and Merrill (SOM), and Daniel Patrick Moynihan, a future U.S. Senator from New York State. From 1964 until 1973, Childs future employer, Nathaniel Owings, was chairman of President Kennedys Temporary Commission on Pennsylvania Avenue in Washington, DC. In the early years of the Kennedy administration, the plan to redesign Pennsylvania Avenue was the most significant redevelopment project in the country, claims the SOM website. Daniel Patrick Moynihan, the young Assistant Secretary of Labor in the Kennedy Administration, led the governments plan to revitalize Pennsylvania Avenue and the National Mall. Through this Commissions hard work, negotiations, and consensus, Pennsylvania Avenue is now a designated National Historic Site. One could argue that Childs early experiences on the Commission led the young architect to a lifelong proficiency in public architecture, city planning, and the politics behind construction and design - skills needed to accomplish his goals in the complicated days after September 11, 2011. David Childs has been associated with SOM since 1971, at first working on projects in Washington, D.C. From 1975 until 1981 he was Chairman of the National Capital Planning Commission involved in the 1976 Washington Mall Master Plan and Constitution Gardens. He worked on the 1984 National Geographic Society M Street Building and then the U.S. News and World Report Headquarters, both in Washington, D.C. By 1984 David Childs had moved to New York City, where hes been working on SOM projects ever since. A portfolio of his projects highlights a number of buildings in New York City  - the Worldwide Plaza at 825 8th Avenue (1989); Bertelsmann Tower at Times Square (1990); Times Square Tower at 7 Times Square (2004); Bear Stearns at 383 Madison Avenue (2001); AOL Time Warner Center at Columbus Circle (2004); and, of course, 7 World Trade Center (2006) and 1 World Trade Center (2014). Moynihan Station Redevelopment at the James A. Farley Post Office and 35 Hudson Yards are his latest project for the City of New York. Outside of The Big Apple, Childs was the design architect for the 1998 Robert C. Byrd United States Courthouse in Charleston, West Virginia and the 1999 U.S. Embassy in Ottawa, Canada. In May 2012, David Childs was one of fifteen Architects of Healing receiving a special AIA Gold Medallion for his redesign of One World Trade Center and Seven World Trade Center in New York City. Childs is a Fellow of the American Institute of Architects (FAIA). David Childs In His Own Words I like big complicated projects where you have to assemble teams, deal with the down-and-dirty contractors, the marketplace and the leasing agents with an imagination level only as high as what made money last time. - 2003, The New York Times Each of us architects has had mentors and teachers whose work and words have guided us as well. For me they include Nat Owings, Pat Moynihan, Vincent Scully. It is thus been a very collective effort in the fullest sense, and I believe every American can equally take pride in what is and has been accomplished. - 2012 AIA National Convention You know what a Richard Meier building will look like; theres a style. Im more like Eero Saarinen, whom I revere. His buildings all look different. - 2003, The New York Times The U.S. invented skyscrapers, but weve fallen behind. WTC 1 is a solution to many technical problems, and it represents the very best in codes, structure, and safety. Its a concrete core with steel exterior, which is an efficient and safe system, but it had not been done in New York for a host of reasons, mostly because of the arrangement between trade groups. The form tapers on its four corners, which buildings - like trees - want to do anyway. - 2011 AIArchitect What Others Say Throughout his years of practice in Washington, Mr. Childs became noted for his design of appropriate architecture, buildings and spaces that respond to their settings and programs rather than pursue a preconceived architectural image. - U.S. Department of State Your work demonstrates that architecture is the art of compromise and collaboration, that it is a social act, never created by one person working alone and always creating community. As a creative artist successfully negotiating within a world governed by corporate objectives you have shown that aesthetic vision and functional considerations can coexist, that architecture is the art of both the real and the visionary. You compose steel and glass the way a poet constructs phrases and in so doing create physical entities that reflect personal aspirations and a collective self-image. Your buildings grace our environment and enrich our lives. - Colby Collge Sources Pennsylvania Avenue National Historic Site, National Park Service, https://www.nps.gov/nr/travel/wash/dc41.htm [accessed September 2, 2012]Nathaniel A. Owings, FAIA, Architect and Founding Partner, 1903-1984, Skidmore Owings and Merrill (SOM), www.som.com/content.cfm/nathaniel_a_owings [accessed September 2, 2012]The New Ground Zero: The Invisible Architect, Julie V. Iovine, The New York Times, August 31, 2003 [accessed August 15, 2012]Architects of Healing Videos, American Institute of Architects, 2012 [accessed August 15, 2012]AIArchitect Talks with David Childs, FAIA, John Gendall, AIArchitect, 2011 [accessed August 15, 2012]U.S. State Department, http://canada.usembassy.gov/about-us/embassy-information/frequently-asked-questions/embassy-architects.html [accessed September 5, 2012]Citation for David M. Childs, Colby College, May 22, 2005, colby.edu/news_events/commencement/2005/honorary/citation-childs.cfm [accessed August 15, 2012]

Sunday, November 3, 2019

Project innovation management--Samsung Essay Example | Topics and Well Written Essays - 750 words

Project innovation management--Samsung - Essay Example The innovative strategy of this company has come to rely on external scientific expertise as a means of ensuring that only the latest and the most viable ideas are taken into consideration and developed into products. In this way, Samsung has been able to pursue a strategy that is consistent with its innovative goals. Samsung has over the years come to develop an environment which is extremely receptive of the market forces. This environment has been developed in such a way that the company always remains conscious of the swift changes that are taking place in the business environment and instituting changes accordingly (Michell, 2010). The ability to foster change in such a large company has become enshrined in the company’s culture through it motto â€Å"Work Hard, Think Hard and Build Trust.† The result of Samsung’s putting into consideration the need for constant change has been that it has had to develop an environment where its employees are receptive to change. The Work Smart part of its motto seems to foster this new type of receptiveness because it suggests to employees that they have to ensure that they are conscious of the business environment and should be ready to make changes accordingly in order to cater for market demand. It further suggests that employees need to constantly be ready for any possible changes that might be implemented in order to increase efficiency. The Think Hard aspect of Samsung’s motto suggests that innovation has become a part of its corporate culture and it is this that has ensured the company’s success in recent years as a leader in the electronics market (Kim, 2011). Not only is innovation among its employees encouraged, but it has also become the basis upon which Samsung has been able to compete with its major rivals in the market, especially Apple. Think Hard suggests that the company has come to put

Thursday, October 31, 2019

Who Gets to Let States Back into the Union Assignment

Who Gets to Let States Back into the Union - Assignment Example Later, Andrew Johnson, a ‘paragon’ of the Southern Unionism, was appointed the military governor of Tennessee by the President, Abraham Lincoln (Para 3). Johnson after being granted control of Tennessee started working for the assimilation of Tennessee with the Union by organizing a civil government based on the principles laid down in the constitution of the United States of America. He stunned his constituents by siding with the Republicans who favored oppressive Reconstruction for the South. Johnson took aggressive and stern action against those not willing to show allegiance to the Union by going to the extent of declaring execution of mutineers. He was very hard with the secessionist powers, and declared, â€Å"Treason must be made odious, and traitors must be punished.† (Para 4) He was firm in his belief that loyal Tennesseans would become role-models for Confederates to embrace the Union but he lacked the diplomacy of Abraham Lincoln. President Lincoln presented in December 1863 the â€Å"Proclamation of Amnesty and Reconstruction† plan, popularly named the 10 percent plan (Para 6). As per the plan, 10 percent of the population would take the oath of allegiance to the Union and government could be organized. Johnson wanted the â€Å"tall poppies† to fall down; he was least worried about the threats from cavalry leaders and citizens (Para 6). Johnson was severe in dealing with the Confederates and Unionists to swear that they â€Å"desire[d] the suppression of the present insurrection† (Para 6). After Johnson became the Vice-President, William Brownlow became the Governor but as the things turned out after the assassination of Lincoln, Johnson became the President. His partial attitude towards white men became the reason for starting an ideological struggle in the White House for Reconstruction.  

Tuesday, October 29, 2019

Organized Crime Essay Research Paper Example | Topics and Well Written Essays - 1250 words

Organized Crime Worldwide Organization - Research Paper Example Organized crime tends to flourish in countries where legitimate government and civil society is disorganized, weak, absent or untrustworthy. Therefore, it is believed that the strong government and trustworthy law enforcement in the United States makes organized crime more difficult. The American economy is much less dependant on the money produced by organized crime when compared to the organized crime found in other countries. "In Japan, the most serious organized crime problems are almost always related to the notorious Japanese organized crime groups - the yakuza" (Finckenauer 90). The main crimes committed by these groups involve gambling, prostitution, and amphetamine trafficking. The human trafficking of sex workers is an overwhelmingly common crime in Asian countries and while law enforcement officials find it difficult to generalize Japanese organized crime, they do agree that prostitution stands at the head of organized crime in their country. Most of the illegal sex workers found in Japan come from the neighboring countries: Thailand, the Philippines, Colombia, China, and Korea. "Even though Japanese authorities are convinced that yakuza members are heavily involved in the transportation and control of foreign sex workers, but that it is not their number one priority because they believe foreign sex workers are not being forced into their activities, nor is there pressure from the Japanese public to do something about it because many businesses rely on the support of the wealthy crime groups" (Finckenauer 90). Like Japan, organized crime in China is responsible for orchestrating the human trafficking of sex workers, but they also play a role in the country's drug problem.  

Sunday, October 27, 2019

Second Hand Smoke Prevention Policies

Second Hand Smoke Prevention Policies EXECUTIVE SUMMARY AND KEY RECOMMENDATIONS Thank you for the opportunity to make a submission on the Smoke-free Cars Bill in NZ. I am currently a Population Health student at the University of Auckland, an interest which stemmed from my realisation that many illnesses and injuries are largely preventable. With volunteering experience for World Vision NZ, I am also an advocate of children’s health. My approach to health is based upon population health. In the case of smoking, there exists significant population health ramifications: of not only the impact tobacco has on smokers’ health, but of also the dangers of second-hand smoke (SHS) to those around them. This policy is therefore important for not only the wellbeing of children, but also for achieving widespread positive health gain for all New Zealanders. Like many health organisations in NZ, I urge the promotion of a Vision for Tupeka Kore Aotearoa; a tobacco-free New Zealand by 2020 so that future generations of New Zealanders will be protected from exposure to tobacco products and enjoy tobacco-free lives. I support the bill to ban smoking in all vehicles when children are present. Firstly, considerable scientific studies have produced convincing evidence that exposure to SHS in vehicles has serious health consequences for children. Moreover, there are marked deprivation and ethnic inequalities in in-vehicle SHS exposure. Thirdly, the need to protect children, a vulnerable group, from these harms forms the ethical rationale for regulatory action. Finally, ought such a bill be implemented, it would enjoy widespread public support from smokers and non-smokers, adults and children alike. Key Recommendations I recommend that awareness campaigns are needed to highlight the risks associated with SHS, the benefits of maintaining smoke-free cars, and the rationales behind a law banning smoking in vehicles carrying children. I recommend that the government continue supporting media campaigns and other initiatives which encourage smoking cessation. Based on the range of fines imposed in Australia and the fine linked to the safety belt law in NZ, I suggest an on-the-spot fine of $150 be set for those breaching the smoke-free ban. As a more long-term strategy, I recommend that the possibility of restricting smoking in all private vehicles (regardless of whether they are carrying children) to be explored. POLICY STATEMENT The harmful effects that SHS causes to children’s health is well documented. Although the general public is protected by the smoke-free regulations in enclosed public places and workspaces in NZ, most children remain at risk of exposure to high levels of SHS when confined in vehicles. For the purposes of this submission, â€Å"children† refers to anyone under the age of eighteen. In order to reduce children’s exposure to SHS in vehicles, I am championing the Smoke-free Cars Bill, banning smoking in any vehicle with children present. Using supporting evidence, I outline the reasons behind my position below. HEALTH AND WELLBEING RATIONALE Second-hand Smoke SHS is highly toxic; it contains thousands of hazardous chemicals, many of which are cancer-causing (carcinogenic). When non-smokers are exposed to SHS (passive smoking), they also inhale many of the toxins and carcinogenic substances as smokers do. Health Hazards in Children Children are particularly vulnerable to the effects of SHS, as they have smaller airways and lungs, faster breathing rates, and less developed immune systems. For children, exposure to SHS is a known cause of many adverse health consequences. SHS increases the risk of respiratory diseases (such as bronchitis and pneumonia) , middle ear infections , and sudden infant death syndrome . Exposure to SHS is especially harmful for asthmatic children, who experience more severe symptoms and more frequent asthma attacks. SHS can also cause asthma in children with no prior symptoms. An estimated one million asthmatic children in the United States have had their condition worsened due to SHS exposure. Yet, a study reported that only half of the parents of asthmatic children maintained smoke-free vehicles. Children exposed to SHS in vehicles have been found to exhibit nicotine dependence symptoms, even though they had previously never smoked cigarettes. A review by the British Medical Association concluded that there is no safe level of exposure to SHS for children; low levels of exposure are still associated with harmful health effects. Pollution Levels of Smoke in Vehicles Pollution levels from SHS with vehicles reach dangerously high levels that can cause serious health risks for all riders, particularly children. Unhealthy levels of pollution generated from SHS were detected across multiple studies, even with vehicle windows and air vents opened, and the fan set on high. The levels of pollution from SHS a child is exposed to in a fully ventilated vehicle was found to be greater than that of smoke-filled bars and restaurants , and smokers’ homes ; they also exceeded air quality levels on Auckland’s poorest air quality days. The Chartered Institute of Environmental Health found that effects of SHS in vehicles continue to be harmful, long after the smoke had dissipated. This is due to the build-up of chemicals from cigarette smoke, which clings to the carpet and upholstery. In all cases, the studies’ authors recommended the enactment of smoke-free vehicle regulations to protect the health of not only children, but all non-smokers. EQUITY RATIONALE MÄ ori and Pacific Island children were found to have greater SHS exposure in vehicles. This, however, is not a localised phenomenon, as previous studies in the United States found similar ethnic disparities. Martin et al. observed that children of low socioeconomic status have a higher risk of exposure to SHS in vehicles, and therefore, may contribute to health inequities. This is consistent with a study in the United States, which reported that lower income households were less likely to maintain smoke-free cars. Jarvie and Malone concluded that a bill protecting children from SHS in vehicles promotes equity, because children who are already social disadvantaged (of minority populations, and deprived neighbourhoods and families) would derive the most benefits. ETHICAL RATIONALE Children are a Vulnerable Group Legislation is important to protect children because they are a vulnerable, dependent group of individuals, who – unlike adults – are unable to protect or speak for themselves. Preventing smoking by adults in vehicles containing children constrains adults freedom (or autonomy) temporarily, as they would only be restricted in vehicles. However, for children who are unable to protect themselves from SHS exposure, the effects of SHS are serious and permanent. Protecting the Interests of Children Ethicists asserted that adults who choose to smoke in vehicles with children present are not acting in the interests of the child, because their action places children at high risk of serious harm from SHS exposure. This is a circumstance where the interests of children and parents conflict: the health and wellbeing of children, versus adults freedom to smoke in vehicles. Given that SHS exposure is profound in its potential to cause preventable morbidity and mortality among children, the government – as the ultimate guardian of children – has a duty to ban smoking in vehicle with children present. This bill is further supported by ethical principles of non-maleficence and beneficence: it both obliges adults to not inflict harm to children, and promotes the interests of children. INCREASING PUBLIC SUPPORT Numerous studies found that while smokers were less likely to be supportive of smoke-free laws in all vehicles, they were largely supportive of banning smoking in vehicles when children are present. It is fair to conclude that there would be even higher levels of support among non-smokers. The vast majority of people would therefore be calling for and supporting the enforcement of a smoke-free law for vehicles carrying children. Survey data in NZ and overseas alike have indicated that support for laws banning smoking in cars carrying children has been increasing over time. A NZ study found that children expressed negative feelings toward smoking, and were aware that smoking in cars with children present is ‘wrong’. Some specifically stated that smoking should be banned, which suggests that children themselves would be supportive of a bill restricting smoking in vehicles. RECOMMENDATIONS Alongside legislation (which urges responsible behaviour), I recommend that awareness campaigns are needed to highlight the health risks for children associated with SHS, the benefits of maintaining smoke-free cars, and the rationales behind a law banning smoking in vehicles containing children. I recommend that the government continue to support media campaigns by Quitline NZ and other initiatives which encourage smoking cessation, as it is the single most effective way of reducing children’s exposure to SHS without forcing behaviour change. I suggest an on-the-spot fine of $150 be set for those breaching the smoke-free ban. This has been made in consideration of the range of fines imposed in Australia (where there already exists a smoking bans on vehicles carrying children) , as well as the $150 fine associated with breaching the safety belt law in NZ . As a more long-term strategy, I recommend that the possibility of restricting smoking in all private vehicles should be explored, as this would be much more straightforward and practical than a ban limited to smoking in vehicles only if children are present. Exposure to SHS in vehicles is also a significant risk to the health of adults. CONCLUSION Thank you for the opportunity to submit on the Smoke-free Cars Bill in NZ. In this submission, I have outlined the health and wellbeing, equity and ethical rationales, as well as evidence of increasing public support, for why a law banning smoking in all vehicles containing children is required. I have made practical recommendations on how the policy, if implemented, could be improved and strengthened. I look forward to seeing the regulation of smoking in cars as one step closer to realising Tupeka Kore Aotearoa, a tobacco-free New Zealand, by 2020.

Friday, October 25, 2019

Biotechnology in the Rio Grande Valley :: Genetics Biology Essays Papers

Biotechnology in the Rio Grande Valley When you get right down to it, the Rio Grande Valley is a lot like a cell. Everyone in the valley contributes to its existence, working day and night, keeping everything working. Our unique cultural blending serves as the DNA, and tacos seem to serve as our primary food source. Oh, and not to mention that the vast openness of the King Ranch serves as our cell membrane. The Valley, even though our quiet and simple life may not speak it, is well aware of the science taking place in the world around us, as well as in our own backyard. Lately, major scientific advances have been made in the area of biotechnology and medicine. People don’t always recognize it, but they are definitely feeling the ramifications of such major advancements. I like to sit down to a healthy breakfast of pan dulce (doughnuts that is). Oh, and not just any doughnuts, the ones drowned in glaze, and don’t forget about the ones dipped in pink sugar stuff that I don’t even know the name of. Yes, I might as well eat cyanide, but it makes me think. People all over the valley can’t do that. They suffer from a disease called diabetes. Oh yes, I know this disease well†¦ my grandmother lost her big toe due to that tyrant of a problem. Even my fellow youth in my Biology class suffer from it. The battle for health is not a one sided one however. Scientists have just recently mapped the human genome, and are now working on finding the â€Å"flaws† of our bodies. Once we can pinpoint the problems, or the places in our bodies, which have a hard time dealing with diseases and viruses, we can work on solutions, or cures. Just recently, I have discovered the horrors of old age. My grandfather of 81 years has a major case of Alzheimer’s. I mean, I sit on the couch and watch as the poor man tries to remember how to put a sandwich together. What once was the most simple of tasks now poses a half hour problem. It’s times like those when you realize that we all take youth for granted.

Thursday, October 24, 2019

Bob Dylans Social Commentary Essay

During an interview with the Los Angeles Free Press in 1965, Bob Dylan said, â€Å"All I can do is be me, whoever that is,† (Dylan) which perfectly describes the sentiment you get from his works. During his music career, he has changed many aspects of his image, music style and religion, going so far as to legally change his name from Robert Zimmerman to Bob Dylan. Living during a very fast changing society, his works reflect on the Civil Rights movement and other historically significant events. He is seen as a spokesperson for his generation through his deep and meaningful songs. Bob Dylan uses his pieces to comment on life and humanity, sparking social reforms. Bob Dylan was born named Robert Zimmerman in Duluth, Minnesota on May 24, 1941. He grew up in a supportive, Jewish household, and began writing poems at the age of 10. When he was 14, he taught himself to play guitar, and played in a couple different bands in high school. In college, he read an autobiography of Woody Guthrie which had a tremendous impact on his music career. Bob Dylan performed his versions of the Woody Guthrie’s songs at local coffee houses. Soon, he left college and hitchhiked to New York to visit his sick idol. After his death, Bob Dylan told Rock 100, â€Å"Guthrie was my last idol. My future idols will be myself.† This confidence contributed to his success as a musician. Bob Dylan got his break with a talent scout John Hammond. He released his self-titled first album in March 1962, which was filled with interpretations of old folk songs two original songs. A second LP came out soon after that was only original compositions. Bob Dylan released two more folk LP’s before his big transition into a more electric rock type of music. In 1965 he released a half acoustic half electric album that received a lot of criticism from fans of his folk music. One of his most popular albums, Blond on Blonde, released in 1966 featured many famous rock songs, and received much praise from critics. This album contains many protest songs including â€Å"A Hard Rains a Gonna Fall,† and â€Å"Masters of War.† These songs are thought to have been protesting the arms race during the Cold War, and exemplify how Bob Dylan used songs to comment on humanity and life. After this album, Bob Dylan broke his neck in a motorcycle accident and spent the next couple of years in recovery. After releasing many more successful albums, he went through a major transition from Judaism to Christianity. His next three albums reflected that transition, which confused much of his fan base. Bob Dylan continued to record and toured with a couple different  bands during the 80’s. In 2001, he received a Golden Globe for the best original song in a movie for â€Å"Things Have Changed†. Bob Dylan is still alive and continues to make public appe arances and occasionally perform. Bob Dylan’s songs use symbolism and imagery to reflect his views on life in a different way. The song Blowin’ in the Wind is one of his most famous works. This song uses the phrase â€Å"blowin’ in the wind† to answer multiple questions about humanity that it puts forth. The song also has war themes, shown when it asks the question, â€Å"How many times must the cannonballs fly before they’re forever banned?†(5). The lyrics exemplify his distaste for violence. The whole poem reflects his view that humanity will never learn from their mistakes. Bob Dylan also has some less political and more love themed pieces. In the song Watered down Love, he talks about how pure love will only hurt you so you need to look for a â€Å"watered down love†. The repetitious phrase, â€Å"You don’t want a love that’s pure, you want a drown love, you want a watered down love† (12). The song â€Å"Love is just a Four Letter Word† further continues the theme of true love being impossible. The song begins with him hearing others saying that love doesn’t mean anything, but in the end of the song he believes that himself. This is shown when it says â€Å"Though I never knew just what you meant when you were speaking to your man, I could only think in terms of me and now I understand,† (28). The songs are examples of how Bob Dylan uses his writing to comment on parts of life such as love and war. Bob Dylan’s writing does not go without criticism. His frequent changes in music style and image cause distaste from many critics. Jann Wenner in Rolling Stone Magazine said, â€Å"Dylan created so many images and expectations that he narrowed his room for maneuverability and finally became unsure of his own instincts,†(Wenner,†The Rolling Interview: Bob Dylan.†) There are also arguments of Bob Dylan’s role as an artist. Some believe that his songs do not qualify him as an artist and should not be read and studied as poetry. Others, such as Christopher Rooks, believe that his songs, even if they are not written in a traditional poetic way, are still art because of the â€Å"what they mean and what they can tell us about the human condition, about the nature of reality as it concerns man, which is the  very definition of art,† (Karwowski, â€Å"Is Bob Dylan an Artist?†). In another critical essay, Ellen Willis points out in Cheetah Magazine that although he may be seen as a poet, his poetry ha s â€Å"horrendous grammar, tangled phrases,  silly metaphors, embarrassing clichà ©s, muddled thought; at times he seems to believe one good image deserves five others, and he relies too much on rhyme.†(Willis, â€Å"Dylan†). Although his songs receive a lot of criticism for his changing images and whether he should be seen as an artist, no one can deny the unique way Bob Dylan portrays humanity and his role as a spokesperson for his generation. Bob Dylan is considered to be the greatest influence on popular culture of all time. His surroundings inspired him to write about important historical moments such as the Cuban Missile Crisis, President Kennedy’s assassination, the Civil Rights movement. Many of his songs are directly written about these events, most notably, â€Å"The Death of Emmett Till.†, which was written about the murder of 15 year old Emmett Till, a black boy who was accused of flirting with a white girl. Other songs such as â€Å"Blowin in the Wind,† â€Å"The Times they are A Changing,† and â€Å"A Hard Rains a Gonna Fall† all have political and social meaning behind them. He said that â€Å"the folk songs showed me†¦that songs can say something human.† (Dylan, 86) about his social commentary pieces. Bob Dylan was also a major player in the anti-war protests, sparked by the Vietnam War. His anti-war songs influenced activists, mostly college students who listened to his music. No other artist has had such a profound effect on the cultural evolution in America. He had an incredible influence on social reforms in this generation, as well as inspiring many other famous bands such as the Beatles, the Rolling Stones, Jimi Hendrix, and Eric Clapton. No one can deny that he was a factor in the revolution of hundreds of thousands of people. Bob Dylan uses his songs as a way to comment on life, humanity, sparking social reforms. His childhood during the time period he lived in influenced his writing greatly through watching major historical event occur such as the Civil Rights Movement, World War Two, the Vietnam War and the assassination of President Kennedy. A famous song, Blowin in the Wind talks about society’s inability to change their views, and can be translated to be an antiwar anthem or a Civil Rights commentary. Bob Dylan is criticized mainly on whether his songs can be called poetry and if he can be considered an artist. Also, the politics brought into his writing are very controversial. All in all, Bob Dylan’s songs had a considerable impact on society because of his commentary on humanity. Works Cited â€Å"Bob Dylan.† Encyclopedia of World Biography. Detroit: Gale, 1998. Student Resources in Context. Web. 10 Apr. 2013. Karwowski, Michael. â€Å"Is Bob Dylan an Artist?† Contemporary Review 1 June 2004: n. pag. Print. Wenner, Jann S. â€Å"The Rolling Stone Interview: Bob Dylan.† Rolling Stone 29 Nov. 1969: 32-35. Rolling Stone. Web. 15 Apr. 2013. Wenke, Joseph. â€Å"Bob Dylan.† The Beats: Literary Bohemians in Postwar America. Ed. Ann Charters. Detroit. Gale Research, 1983. Dictionary of Litereary Biograhy Vol 16. Literature Resource Center. Web. 9 Apr. 2013. Yaffe, David. Bob Dylan: Like a Complete Unknown. New Haven [Conn.: Yale UP, 2011. Print.

Wednesday, October 23, 2019

Indian Economic Scenario

GLOBSYN BUSINESS SCHOOL STUDY OF THE INDIAN AND CHINA ECONOMY PRESENTED BY: Learning Group 6 (PGPM-11B) – Vasundhara Kedia – Sourabh Soni – Sudeshna Chowdhary – Niloy Biswas – Sauryadipta Basu – Mandeep Pradhan ACKNOWLEDGMENT The time spent in the making of this project, as a part of our curriculum requirement of PGPM course, is invaluable in terms of learning. The application of concepts to the project added more depth and meaning to the knowledge gained in the classroom. We wish to extend our gratitude to our faculty guide Prof.S Chatterjee, for guiding us through the project with ample patience and understanding. We would also like to thank him for reminding us of the core objectives of the project every time we diverted from it. TABLE OF CONTENTS Abstract PAGE NO. 1. Introduction 4-6 THE INDIAN ECONOMY 2. Pre colonial, colonial and post-colonial India 7- 15 3. Indian Planning Commission & Liberalisation 16-20 4. India’s Economic Re forms and Currency Devaluation 21- 29 5.The Five Year Plans In India 30- 56 6. Fiscal Policy of India 57- 63 7. Monetary Policy of India 64- 65 8. Impact of Financial Crisis on Indian Economy 66-68 THE ECONOMY OF CHINA 9. Overview of the China Economy 69 10. Fiscal policy, Monetary policy, Inflation 70-73 11. Contrast between India and China’s Economy 74-80 ANNEXURE 1. INTRODUCTION Indian Economy Overview | | | | | |[pic] | | | | | |Indian economy is growing, despite the economic crisis that engulfed the world, stated Mr Anand Sharma, Union Minister for Commerce, | |Industry and Textiles, Government of India, while addressing a session at the 11thPravasi Bharatiya Divas 2013. Mr Sharma further | |highlighted that the national investment rate is around 33-34 per cent, and is expected to increase to 36 per cent by the end of | |12th  Five Year Plan (2012-17). |India has been adjourned the fifth best country in the world for dynamic growing businesses, as per the Grant Thorn ton Global Dynamism| |Index. The index gives a reflection of how suitable an environment the country offers for dynamic businesses. | |Indian tax climate was also considered to be reasonably favourable and India continued to be an attractive investment destination, | |according to a survey conducted by Deloitte Touche Tohmatsu Ltd (Deloitte). | |Moreover, India was ranked fourth on Ernst & Young's (E) renewable attractiveness index, second on the solar index, and third on the| |wind index, as per the latest  study  by E and UBM India Pvt Ltd. | | |The Economic Scenario | |India is expected to be the second largest manufacturing country in the next five years, followed by Brazil as the third ranked | |country, according to Deloitte. | |Some of the other important economic developments in the country are as follows: | |The HSBC's Services Purchasing Managers' Index (PMI) touched a 12 month high at 57. 5 points in January 2013 as compared to 55. 6 in | |December 2012 | |The net d irect tax collections in India rose by 13. 70 per cent to record Rs 368,322 crore (US$ 67. 6 billion) during April-December | |2012, as compared to Rs 323,956 crore (US$ 59. 77 billion) during the corresponding months in 2011 | |Indian companies have raised US$ 4. 29 billion, through external commercial borrowings (ECBs) and foreign currency convertible bonds | |(FCCBs) in October 2012, to fund modernisation, foreign acquisitions, import of capital goods and onward lending | |The total value of private equity (PE) and mergers & acquisitions (M) deals in November 2012 increased five-fold to US$ 10. 1 | |billion, as per a study by Grant Thornton India. The total value of PE deals in November 2012 rose to US$ 39 billion from US$ 0. | |billion in November 2011, indicating that PE players preferred concentrated exposure to their value investments | |The cumulative amount of foreign direct investments (FDI) equity inflows into India were worth US$ 187,804 million between April 2000 | |to December 2012, while FDI equity inflow during April 2012 to December 2012 was recorded as US$ 16,946 million, according to the | |latest data published by Department of Industrial Policy and Promotion (DIPP) | |Foreign institutional investors (FIIs) made a net investment of US$ 68. 46 million in the equity market and US$ 14. 2 million in the | |debt market upto February 18, 2013, according to data released by the Securities and Exchange Board of India (SEBI) | | | |Growth Potential Story | |The pharmaceutical market of India is expected to grow at a compound annual growth rate (CAGR) of 14-17 per cent over 2012-16 and is | |now ranked among the top five pharmaceutical emerging markets globally | |The ready-to-drink tea and coffee market in India is estimated to touch Rs 2,200 crore (US$ 405. 90 million) in next four years, | |according to estimates arrived at the World Tea and Coffee Expo 2013 | |India's IT and business process outsourcing (BPO) sector exports are expected to incr ease by 12-14 per cent in FY14 to touch US$ 84 | |billion – US$ 87 billion, as per National Association of Software and Services Companies (Nasscom) | |Indian manufacturing and natural resources industry plans to spend Rs 40,800 crore (US$ 7. 53 billion) on IT products and services in | |2013, a growth of 9. per cent over 2012, according to Gartner. The telecommunications category remains the biggest spending category | |and it is forecast to reach Rs 13,200 crore (US$ 2. 43 billion) in 2013 | |The semiconductor market is expected to grow from US$ 6. 03 billion in 2011 to US$ 9. 7 billion by 2015. In addition, the local demand | |and sourcing is estimated to record US$ 3. 6 billion by 2015 | |The electronic system design and manufacturing (ESDM) sector of India is projected to reach US$ 94. 2 billion by 2015 from US$ 64. | |billion in 2011, according to a report by the India Semiconductor Association (ISA) and Frost & Sullivan | |The luxury car market of India is set for gro wth over the medium and long term, according to Mr Philipp Von Sahr, President, BMW Group| |India. The market is about 30,000 cars a year and is rising steadily, Mr Sahr added | |The FM radio sector in India is expected to touch the Rs 2,300 crore (US$ 424. 35 million) mark within three years of the Phase III | |licences' roll-out, as per estimates by Confederation of Indian Industry (CII) and Ernst & Young.The sector is expected to reach Rs | |1,400 crore (US$ 258. 30 million) with 245 private FM stations during 2012-13 | |The US$ 12 billion Indian foundry industry has lined up investments worth Rs 600 crore (US$ 110. 70 million) over the next few years as| |it expands and adapts environment-friendly measures to garner global market share | |Indian infrastructure landscape would attract investments worth Rs 49,000 billion (US$ 904. 05 billion) during the 12th Five Year Plan | |period (2012-17), with at least 50 per cent funding from the private sector, as per Government's projec tions. | | |Road Ahead | |The Indian economy is estimated to grow at a higher rate of 6. 7 per cent in 2013-14 due to revival in consumption, according to a | |report by CRISIL. â€Å"India's GDP growth in 2013-14 will be supported by the revival of private sector consumption growth aided by higher| |growth in agriculture, high government spending and lower interest rates,† said Ms Roopa Kudva, Managing Director and CEO, CRISIL. | |†The Indian financial markets have witnessed favouritism among the investing diaspora compared to its Asian counterparts such as South| |Korea, Taiwan, Thailand and Indonesia,† according to a report by Mecklai Financial. | |Exchange Rate: INR 1 = 0. 1845 as on February 19, 2013 | | | |References:  Ministry of Finance, Press Information Bureau (PIB), Media Report, Department of Industrial Policy and Promotion (DIPP) | | | | | | | | | | | | | | | | | |Indian Economy before Colonial Period | | | |The earliest known evident civilizati on which flourished on the  Indian  soil was the  Indus Valley Civilization. Historians believed | |that this civilization would have flourished between the time frame of 2800 BC and 1800 BC.It is evident from the excavated cities | |and structures that the inhabitants of the Indus Valley practiced agriculture, domesticated animals and had developed trade | |relationships between different cities. They are also known to have developed a uniform system of weights and measures. Also, the | |inhabitants of Indus Valley were one amongst the very first of people to have developed a network of well planned cities with their | |application of urban planning. These planned cities were equipped with the world’s first urban sanitation systems. | |India  had been successful to develop international trade since as early as the first century BC.Historical evidences suggest that the| |Coromandel, the Malabar, the Saurashtra and the  Bengal  coasts were excessively used for the transportation of goods via sea roots from| |and towards  India. In the ancient times,  India  conducted international trade mainly with parts of Middle East, Southeast Asia, Europe | |and Africa. Overland international trade, conducted via Khyber Pass, was also prevalent in ancient  India. | |Later, in medieval times, the  Mughal Empire  gave way to a centrally administered uniform revenue policy and political stability | |in  India  which in turn lead to the further development of trade and unified the nation. During this era,  India  was primarily an | |agrarian self-sufficient  economy  which primarily depended on the primitive methods of agriculture.After the downfall of the Mughal | |Empire, the  economy of India  was primarily governed by the  Maratha Empire  which then ruled over most parts of  India. Later, the | |Maratha defeat in the third battle of Panipat disintegrated  India  into several Maratha confederate states which raised a w idespread | |political turmoil in the country. The  economy of India  turned highly disturbed in most parts of the country during this phase, but | |some areas gained a local prosperity too. Later, by the end of eighteenth century, the  British East India Company  was successful in | |being a part of the  Indian  political machinery, following which there was a drastic change in the country’s economic activities and | |the trade conducted from the  Indian  soil. | | | | | | | | | | | | |Indian Economy during Colonial Period | | | |During the reign of the  British East India Company, there was a drastic shift in the economic activities conducted across the country. | |More stress was laid on commercialization of agriculture. This led to a change in the agricultural pattern across the nation.During | |this phase of the  Indian economy, there was a constant decline in the production of food grains in the country which resulted to the | |mass impoverishment and destitution of farmers. Also, in a short span after this shift of pattern, there were numerous famines raised | |in the country. | |Though, after and during this phase, there was a sharp decline in the  economic  structure of the country, but this was also the phase | |during which some major and  economically  important developments took place. These developments include the establishment of railways, | |telegraphs, common law and adversarial legal system. Also, it was during this era that a civil service which essentially aimed to be | |free from the political interference was established. | | |Post-Colonialism: Definition, Development and Examples from India | | | |1. Post-colonialism in general | |1. 1 Definition | |Post-colonialism is an intellectual direction (sometimes also called an â€Å"era† or the â€Å"post-colonial theory†) that exists since around | |the middle of the 20th  century. It developed from and mainly refers to the time after col onialism. The post-colonial direction was | |created as colonial countries became independent.Nowadays, aspects of post-colonialism can be found not only in sciences concerning | |history, literature and politics, but also in approach to culture and identity of both the countries that were colonised and the | |former colonial powers. However, post-colonialism can take the colonial time as well as the time after colonialism into consideration. | |1. 2 Development | |The term â€Å"decolonisation† seems to be of particular importance while talking about post-colonialism. In this case it means an | |intellectual process that persistently transfers the independence of former-colonial countries into people’s minds.The basic  idea  of | |this process is the deconstruction of old-fashioned perceptions and attitudes of power and oppression that were adopted during the | |time of colonialism. | |First attempts to put this long-term policy of â€Å"decolonising the mindsâ⠂¬  into practice could be regarded in the Indian population after| |India became independent from the British Empire in 1947. | |However, post-colonialism has increasingly become an object of scientific examination since 1950 when Western intellectuals began to | |get interested in the â€Å"Third World countries†. In the seventies, this interest lead to an integration of discussions about | |post-colonialism in various study courses at American Universities. Nowadays it also plays a remarkable role at European Universities. |A major aspect of post-colonialism is the rather violent-like, unbuffered contact or clash of cultures as an inevitable result of | |former colonial times; the relationship of the colonial power to the (formerly) colonised country, its population and culture and vice| |versa seems extremely ambiguous and contradictory. | |This contradiction of two clashing cultures and the wide scale of problems resulting from it must be regarded as a major theme in | |post-colonialism: For centuries the colonial suppressor often had been forcing his civilised values on the natives. But when the | |native population finally gained independence, the colonial relicts were still omnipresent, deeply integrated in the natives’ minds | |and were supposed to be removed. | |So decolonisation is a process of change, destruction and, in the first place, an attempt to regain and lose power.While natives had | |to learn how to put independence into practice, colonial powers had to accept the loss of power over foreign countries. However, both | |sides have to deal with their past as suppressor and suppressed. | |This complicated relationship mainly developed from the Eurocentric perspective from which the former colonial powers saw themselves: | |Their colonial policy was often criticised as arrogant, ignorant, brutal and simply naive. Their final colonial failure and the total | |independence of the once suppressed made the process of decolonisation rather tense and emotional. | |Post-colonialism also deals with conflicts of identity and cultural belonging.Colonial powers came to foreign states and destroyed | |main parts of native tradition and culture; furthermore, they continuously replaced them with their own ones. This often lead to | |conflicts when countries became independent and suddenly faced the challenge of developing a new nationwide identity and | |self-confidence. | |As generations had lived under the power of colonial rulers, they had more or less adopted their Western tradition and culture. The | |challenge for these countries was to find an individual way of proceeding to call their own. They could not get rid of the Western way| |of life from one day to the other; they could not manage to create a completely new one either. | |On the other hand, former colonial powers had to change their self-assessment.This paradox identification process seems to be what | |decolonisation is all about, while post-colonialism is the intellectual direction that deals with it and maintains a steady analysis | |from both points of view. | |So how is this difficult process of decolonisation being done? By the power of language, even more than by the use of military | |violence. Language is the intellectual means by which post-colonial communication and reflection takes place. This is particularly | |important as most colonial powers tried to integrate their language, the major aspect of their civilised culture, in foreign | |societies. | |A lot of Indian books that can be attached to the era of post-colonialism, for instance, are written in English.The cross-border | |exchange of thoughts from both parties of the post-colonial conflict is supported by the use of a shared language. | |To give a conclusion of it all, one might say that post-colonialism is a vivid discussion about what happened with the colonial | |thinking at the end of the colonial era. What legacy arouse from this era? What social, cultural and economical consequences could be | |seen and are still visible today? In these contexts, one examines alternating experiences of suppression, resistance, gender, | |migration and so forth. While doing so, both the colonising and colonised side are taken into consideration and related to each other. |The main target of post-colonialism remains the same: To review and to deconstruct one-sided, worn-out attitudes in a lively | |discussion of colonisation. | | | |2. The post-colonial experience in India | |2. 1 History of Indian colonialism | |In the 16th  century, European powers began to conquer small outposts along the Indian coast. Portugal, the Netherlands and France | |ruled different regions in India before the â€Å"British East India Company† was founded in 1756. |The British colonialists managed to control most parts of India while ruling the key cities Calcutta, Madras and Bombay as the main | |British bases. However, there still remained a few independent reg ions (Kashmir among others) whose lords were loyal to the British | |Empire. | |In 1857, the first big rebellion took place in the north of India. The incident is also named â€Å"First war of Indian Independence†, the | |â€Å"Sepoy Rebellion† or the â€Å"Indian Mutiny†, depending on the individual perspective. This was the first time Indians rebelled in massive| |numbers against the presence and the rule of the British in South Asia. The rebellion failed and the British colonialists continued | |their rule. |In 1885, the â€Å"National Indian Congress† (popularly called â€Å"Congress†) was founded. It demanded that the Indians should have their | |proper legitimate share in the government. From then on, the Congress developed into the main body of opposition against British | |colonial rule. Besides, a Muslim anti-colonial organisation was founded in 1906, called the â€Å"Muslim League†. | |While most parts of the Indian population rema ined loyal to the British colonial power during the First World War, more and more | |Muslim people joined the Indian independence movement since they were angry about the division of the Ottoman Empire by the British. |The non-violent resistance against British colonial rule, mainly initiated and organised by Mahatma Gandhi and Jawaharlal Nehru, | |finally lead to independence in 1947. | |At the same time, the huge British colony was split into two nations: The secular Indian Union and the smaller Muslim state of | |Pakistan. The Muslim League had demanded for an independent Muslim state with a majority of Muslims. | |India became a member of the British Commonwealth after 1947. | | | |2. 2 Post-colonial development in India | |The Partition of India (also called the â€Å"Great Divide†) lead to huge movements and an ethnic conflict across the Indian-Pakistani | |border.While around 10 million Hindus und Sikhs were expelled from Pakistan, about 7 million Muslims crossed the border to from India| |to Pakistan. Hundreds of thousands of people died in this conflict. Ever since these incidents, there have been tensions between India| |and Pakistan which lead to different wars particularly in the Kashmir region. | |For decades the Congress Party ruled the democratic country which had become a republic with its own constitution in 1950. In 1977 the| |opposition gained the majority of votes. In 1984, after the Congress Party had regained the majority, conflicts with the cultural | |minority of the Sikhs lead to the assassination of the Indian prime minister Indira Ghandi. |Today, apart from the significant economic progress, India is still facing its old problems: Poverty, overpopulation, environmental | |pollution as well as ethnic and religious conflicts between Hindus and Muslims. Additionally, the Kashmir conflict has not come to an | |end yet, while both Pakistan and Indian are threatening each other with their arsenals of atomic weapons. | |Concerning p ost-colonial literature, Edward Said’s book â€Å"Orientalism† (published in 1978) is regarded as the beginning of | |post-colonial studies. In this book the author analyses how European states initiated colonialism as a result of what they called | |their own racial superiority. | |The religious-ethnic conflicts between different groups of people play an important role in the early years of post-colonialism. |Eye-witnesses from both sides of the Indian-Pakistani conflict wrote about their feelings and experience during genocide, being | |confronted to blind and irrational violence and hatred. The Partition is often described as an Indian trauma. | |One example for a post-colonial scriptwriter who wrote about this conflict is Saddat Hasan Manto (1912 – 1955). He was forced to leave| |Bombay and to settle in Lahore, Pakistan. He published a collection of stories and sketches (â€Å"Mottled Dawn†) that deal with this dark | |era of Indian history and its im mense social consequences and uncountable tragedies. | |Furthermore, there are many different approaches to the topic of intercultural exchange between the British and the Indian population. |Uncountable essays and novels deal with the ambiguous relationship between these two nations. One particularly interesting phenomenon | |is that authors from both sides try to write from different angles and perspectives and in that way to show empathy with their | |cultural counterpart. | |The most famous novelist who wrote about these social and cultural exchanges is Salman Rushdie. Rushdie, who won the booker prize | |among various others, was born in India, but studied in England and started writing books about India and the British in the early | |eighties. His funny, brave, metaphoric and sometimes even ironical way of writing offers a multi-perspective approach to the | |post-colonial complex.This can be also seen in his book â€Å"Midnight’s Children†. In the past, Salman Rushdie was also repeatedly | |threatened by Irani fundamentalists because of his critical writing about Muslim extremism in the Middle East. | |Another famous post-colonial novel is â€Å"Heat and Dust† (published in 1975) by Ruth Prawer Jhabvala that contains two plot set in | |different times: One about a British lady starting an affair with a local Indian prince in the 1920s, the other one set in the 1970s, | |featuring young Europeans on a â€Å"hippie trail† who claim they have left behind Western civilisation and are trying to some spiritual | |home among Indian gurus. |â€Å"Bollywood† has become a notorious synonym for the uprising Indian film industry in recent years. Young Indian scriptwriters have | |discovered post-colonial issues as themes for their movies and as a way of dealing with the changeful past of their country. | |Concerning the integration of Western values in the Indian population and culture, one can say that the British influence is s till | |omnipresent in the Asian subcontinent. The reason for this can be also found in the persistence of the English language. | |Many Indians are conversant with the English language, because the British colonialists intended to export their values and culture by| |teaching the Indian population their language.This was regarded as the basic fundament for further education. | |What about the relationship between India and the United Kingdom today? It is a special one, and of course still not without tensions | |between these two nations that refer to the time of colonialism which from our retro perspective is not at all so far away. | |India has managed to become an independent state with its own political system and is still working to find its own identity. The | |longer the process of decolonisation lasts, the more we get the impression that only a middle course between the acceptance of British| |legacies and the creation of a new unique Indian self-confidence will be the righ t way to go for India. | | | | | | | | | | | | | | | | | | |Indian Economy before Liberalization | | | |After independence, till 1991, the  economic policies of India  were primarily inspired by the Soviet  economic planning  under which a | |strong emphasis was laid on increasing the domestic self-sufficiency and reducing the reliance on imports. The  economic policies of | |India  during this phase were primarily protectionist and marked by excessive  economic  interventions and business regulations. Also, | |during this era the major concern of the government was to develop large and heavy public sector industries. |The  economic planning process  during this phase was mainly conducted centrally through the  Five Year Planning process  of the  Planning | |commission. This structure of  economic planning, through  Five Year Plans, was analogous to the  planning process  of the Soviet Union. | |Industries like mining, steel, machine tools, insur ance, telecommunications and power plants were effectively nationalized during this| |era. | |The Government of  India, under the leadership of  India’s first Prime Minister, Jawaharlal Nehru, along with statistician Prasanta | |Chandra Mahalanobis formulated an  economic policy  which laid a prime focus on the development of heavy industry in country by both the| |public and the private sector.However, despite all its efforts, the  economy of India  was unsuccessful to grow at pace with other | |Asian countries for the first three decades after independence. | |Later, in 1965, the advent of Green Revolution in country, triggered by the improved irrigation facilities, increased use of | |fertilizers and the introduction of high-yielding varieties of seeds improved the economic conditions of the country and enabled a | |better link between industry and agriculture in  India. | | | |The economic policies of the colonial rulers were at the centre of a controversy i n the late 19th century India.Whereas the colonial | |administration sought to project its policies as beneficial to the country, the nationalist writers and sympathetic British | |commentators attacked these policies as exploitative and oppressive. | |Dadabhai Naoroji, R. C. Dutt and William Digby were some of the famous critics of government policies. The economic history of India, | |as we know it, may be said to have begun during this period. D. R. Gadgil, Vera Anstey and D. H. Buchanan followed in their footsteps in| |taking up the economic history of the colonial period. Jaduanth Sarkar and W. H. Moreland wrote about the Mughal economy. | |In the post-independence period, economic history became an established field of study and several studies were undertaken on various | |periods of Indian history covering several aspects of economy.The emergence of economics as a discipline in the eighteenth century | |led in due course to the development of a new branch in history called e conomic history. | |The progenitors of economics were Adam Smith and other classical economists. India was very much in the vision of the classical | |economists, a group of thinkers in England during the Industrial Revolution. They advocated lays faire and minimizing of state | |intervention in the economy. Adam Smith, the foremost classical economist, condemned the East India Company in its new role as the | |ruling power in India. In his view, the Company's trading monopoly ran counter to the principle of the freedom of the market. |Economics underwent a theoretical transformation in the early twentieth century under the influence of John Maynard Keynes, who | |advocated strategic economic intervention by the government for promoting welfare and employment. Keynes, too, thought deeply about | |India while developing his new economic theories, and his earliest major  work. | |Indian Currency and Finance (London 1913), illustrated his notions of good monetary management of the ec onomy. It is also noteworthy | |that the early classical economists, such as Ricardo, influenced the thinking of a group of Utilitarian administrators who set about | |reforming the administration of India in the nineteenth century. | |Above all, the influence of Adam Smith is noticeable in the end of the Company's monopoly by the Charter Acts of 1813 and 1833.Not | |surprisingly, therefore, historians have paid close attention to the connection between the evolution of economic thought in England | |and the question of reform of the colonial administration in India. | |Classical political economy in England laid the foundations for the laissez faire economics of the Raj in the nineteenth century. | |Keynesian economics, on the other hand, contained the germs of the development economics of the mid-twentieth century both types of | |economics affected the state and the economy in India, and stimulated debates in the economic history of India. | |For the colonial period, R. C. Dutt's Economic History was followed by a series of works: D. R.Gadgil, The Industrial Evolution of | |India in Recent Times (1924); Vera Anstey, The Economic Development of India (1929); and D. H. Buchanan, and The Development of | |Capitalistic Enterprise in India (New York 1934). More recently, there has been a collective two-volume survey; Tapan Raychaudhuri and| |Irfan Habib (eds. ). | |The Cambridge Economic History of India, Vol 1, C. 1200 – C. 1750 (Cambridge 1982); and Dharma Kumar, The Cambridge Economic History of | |India, vol. 2 C. 1757 – C. 1970 (Cambridge, 1983). Daniel Houston Buchanan, an American author, was of the opinion that other worldly | |values and the caste system inhibited economic development in India. D. R.Gadgil, who updated his near classic work several times, | |emphasized, on the contrary, more strictly economic factors: the difficulties of capital mobilization on account of the absolute | |smallness of capital resources in respect to the siz e of the population, the late development of organized banking, and the seasonal | |fluctuations of a monsoon economy. | |A dispassionate economist, he did not blame either foreign rule or the Indian social structure for the absence of an industrial | |revolution in India; some of the Western contributors to the second volume of The Cambridge Economic History, on the other hand, | |showed a disposition to challenge R. C.Dutt's vision of the negative impact of colonialism, and they dwelt instead on the | |technological backwardness of the Indian economy. This, in their view, inhibited industrial development and capitalist enterprise | |during the colonial period. | | | THE INDIAN PLANNING COMMISSION HISTORY The Planning Commission was set up by a Resolution of the Government of India in March 1950 in pursuance of declared objectives of the Government to promote a rapid rise in the standard of living of the people by efficient exploitation of the resources of the country, increasing p roduction and offering opportunities to all for  employment  in the service of the community.The Planning Commission was charged with the responsibility of making assessment of all resources of the country, augmenting deficient resources, formulating plans for the most effective and balanced utilisation of resources and determining priorities. Jawaharlal Nehru was the first Chairman of the Planning Commission. The first Five-year Plan was launched in 1951 and two subsequent five-year plans were formulated till 1965, when there was a break because of the Indo-Pakistan Conflict. Two successive years of drought, devaluation of the currency, a general rise in prices and erosion of resources disrupted the planning process and after three Annual Plans between 1966 and 1969, the fourth Five-year plan was started in 1969.The Eighth Plan could not take off in 1990 due to the fast changing political situation at the Centre and the years 1990-91 and 1991-92 were treated as Annual Plans. Th e Eighth Plan was finally launched in 1992 after the initiation of structural adjustment policies. For the first eight Plans the emphasis was on a growing public sector with massive investments in basic and heavy industries, but since the launch of the Ninth Plan in 1997, the emphasis on the public sector has become less pronounced and the current thinking on planning in the country, in general, is that it should increasingly be of an indicative nature. FUNCTIONS The 1950 resolution setting up the Planning  Commission  outlined its functions as to: a.Make an assessment of the material, capital and human resources of the country, including technical personnel, and investigate the possibilities of augmenting such of these resources as are found to be deficient in relation to the nation’s requirement; b. Formulate a Plan for the most effective and balanced utilisation of country's resources; c. On a determination of priorities, define the stages in which the Plan should be c arried out and propose the allocation of resources for the due completion of each stage; d. Indicate the factors which are tending to retard economic development, and determine the conditions which, in view of the current social and political situation, should be established for the successful execution of the Plan; e.Determine the nature of the machinery which will be necessary for securing the successful implementation of each stage of the Plan in all its aspects; f. Appraise from time to time the progress achieved in the execution of each stage of the Plan and recommend the adjustments of policy and measures that such appraisal may show to be necessary; and g. Make such interim or ancillary recommendations as appear to it to be appropriate either for facilitating the discharge of the duties assigned to it, or on a consideration of prevailing economic conditions, current policies, measures and development programmes or on an examination of such specific problems as may be referred to it for advice by Central or State Governments. EVOLVING FUNCTIONSFrom a highly centralised planning system, the Indian economy is gradually moving towards indicative planning where Planning Commission concerns itself with the building of a long term strategic vision of the future and decide on priorities of  nation. It works out sectoral targets and provides promotional stimulus to the economy to grow in the desired direction. Planning Commission plays an integrative role in the development of a holistic approach to the policy formulation in critical areas of human and economic development. In the social sector, schemes which require coordination and synthesis like rural health, drinking water, rural energy needs, literacy and environment protection have yet to be subjected to coordinated policy formulation. It has led to multiplicity of agencies. An integrated approach can lead to better results at much lower costs.The emphasis of the Commission is on maximising the output by using our limited resources optimally. Instead of looking for mere increase in the plan outlays, the effort is to look for increases in the efficiency of utilisation of the allocations being made. With the emergence of severe constraints on available budgetary resources, the resource allocation system between the States and Ministries of the Central Government is under strain. This requires the Planning Commission to play a mediatory and facilitating role, keeping in view the best interest of all concerned. It has to ensure smooth management of the change and help in creating a culture of high productivity and efficiency in the Government.The key to efficient utilisation of resources lies in the creation of appropriate self-managed organisations at all levels. In this area, Planning Commission attempts to play a systems change role and provide consultancy within the Government for developing better systems. In order to spread the gains of experience more widely, Planning Commission    also plays an information dissemination role. India-Liberalization in the Early 1990s Growth since 1980 Increased borrowing from foreign sources in the late 1980s, which helped fuel economic growth, led to pressure on the balance of payments. The problem came to a head in August 1990 when Iraq invaded Kuwait, and the price of oil soon doubled.In addition, many Indian workers resident in Persian Gulf states either lost their jobs or returned home out of fear for their safety, thus reducing the flow of remittances (see Size and Composition of the Work Force, this ch. ). The direct economic impact of the Persian Gulf conflict was exacerbated by domestic social and political developments. In the early 1990s, there was violence over two domestic issues: the reservation of a proportion of public-sector jobs for members of Scheduled Castes (see Glossary) and the Hindu-Muslim conflict at Ayodhya (see Public Worship, ch. 3; Political Issues, ch. 8). The central government fell in Novemb er 1990 and was succeeded by a minority government. The cumulative impact of these events shook international confidence in India's economic viability, and the country found it increasingly difficult to borrow internationally.As a result, India made various agreements with the International Monetary Fund (IMF–see Glossary) and other organizations that included commitments to speed up liberalization (see United Nations, ch. 9). In the early 1990s, considerable progress was made in loosening government regulations, especially in the area of foreign trade. Many restrictions on private companies were lifted, and new areas were opened to private capital. However, India remains one of the world's most tightly regulated major economies. Many powerful vested interests, including private firms that have benefited from protectionism, labor unions, and much of the bureaucracy, oppose liberalization.There is also considerable concern that liberalization will reinforce class and regional economic disparities. The balance of payments crisis of 1990 and subsequent policy changes led to a temporary decline in the GDP growth rate, which fell from 6. 9 percent in FY 1989 to 4. 9 percent in FY 1990 to 1. 1 percent in FY 1991. In March 1995, the estimated growth rate for FY 1994 was 5. 3 percent. Inflation peaked at 17 percent in FY 1991, fell to 9. 5 percent in FY 1993, and then accelerated again, reaching 11 percent in late FY 1994. This increase was attributed to a sharp increase in prices and a shortfall in such critical sectors as sugar, cotton, and oilseeds.Many analysts agree that the poor suffer most from the increased inflation rate and reduced growth rate. Data as of September 1995 The rate of growth improved in the 1980s. From FY 1980 to FY 1989, the economy grew at an annual rate of 5. 5 percent, or 3. 3 percent on a per capita basis. Industry grew at an annual rate of 6. 6 percent and agriculture at a rate of 3. 6 percent. A high rate of investment was a major factor in improved economic growth. Investment went from about 19 percent of GDP in the early 1970s to nearly 25 percent in the early 1980s. India, however, required a higher rate of investment to attain comparable economic growth than did most other low-income developing countries, indicating a lower rate of return on investments.Part of the adverse Indian experience was explained by investment in large, long-gestating, capital-intensive projects, such as electric power, irrigation, and infrastructure. However, delayed completions, cost overruns, and under-use of capacity were contributing factors. Private savings financed most of India's investment, but by the mid-1980s further growth in private savings was difficult because they were already at quite a high level. As a result, during the late 1980s India relied increasingly on borrowing from foreign sources (see Aid, this ch. ). This trend led to a balance of payments crisis in 1990; in order to receive new loans, the government had no choice but to agree to further measures of economic liberalization.This commitment to economic reform was reaffirmed by the government that came to power in June 1991. India's primary sector, including agriculture, forestry, fishing, mining, and quarrying, accounted for 32. 8 percent of GDP in FY 1991 (see table 17, Appendix). The size of the agricultural sector and its vulnerability to the vagaries of the monsoon cause relatively large fluctuations in the sector's contribution to GDP from one year to another (see Crop Output, ch. 7). In FY 1991, the contribution to GDP of industry, including manufacturing, construction, and utilities, was 27. 4 percent; services, including trade, transportation, communications, real estate and finance, and public- and private-sector services, contributed 39. 8 percent.The steady increase in the proportion of services in the national economy reflects increased market-determined processes, such as the spread of rural banking, and government a ctivities, such as defense spending (see Agricultural Credit, ch. 7; Defense Spending, ch. 10). Despite a sometimes disappointing rate of growth, the Indian economy was transformed between 1947 and the early 1990s. The number of kilowatt-hours of electricity generated, for example, increased more than fiftyfold. Steel production rose from 1. 5 million tons a year to 14. 7 million tons a year. The country produced space satellites and nuclear-power plants, and its scientists and engineers produced an atomic explosive device (see Major Research Organizations, this ch. ; Space and Nuclear Programs, ch. 10).Life expectancy increased from twenty-seven years to fifty-nine years. Although the population increased by 485 million between 1951 and 1991, the availability of food grains per capita rose from 395 grams per day in FY 1950 to 466 grams in FY 1992 (see Structure and Dynamics, ch. 2). However, considerable dualism remains in the Indian economy. Officials and economists make an import ant distinction between the formal and informal sectors of the economy. The informal, or unorganized, economy is largely rural and encompasses farming, fishing, forestry, and cottage industries. It also includes petty vendors and some small-scale mechanized industry in both rural and urban areas.The bulk of the population is employed in the informal economy, which contributes more than 50 percent of GDP. The formal economy consists of large units in the modern sector for which statistical data are relatively good. The modern sector includes large-scale manufacturing and mining, major financial and commercial businesses, and such public-sector enterprises as railroads, telecommunications, utilities, and government itself. The greatest disappointment of economic development is the failure to reduce more substantially India's widespread poverty. Studies have suggested that income distribution changed little between independence and the early 1990s, although it is possible that the poor er half of the population improved its position slightly.Official estimates of the proportion of the population that lives below the poverty line tend to vary sharply from year to year because adverse economic conditions, especially rises in food prices, are capable of lowering the standard of living of many families who normally live just above the subsistence level. The Indian government's poverty line is based on an income sufficient to ensure access to minimum nutritional standards, and even most persons above the poverty line have low levels of consumption compared with much of the world. Estimates in the late 1970s put the number of people who lived in poverty at 300 million, or nearly 50 percent of the population at the time. Poverty was reduced during the 1980s, and in FY 1989 it was estimated that about 26 percent of the population, or 220 million people, lived below the poverty line. Slower economic growth and higher inflation in FY 1990 and FY 1991 reversed this trend.In FY 1991, it was estimated that 332 million people, or 38 percent of the population, lived below the poverty line. Farmers and other rural residents make up the large majority of India's poor. Some own very small amounts of land while others are field hands, seminomadic shepherds, or migrant workers. The urban poor include many construction workers and petty vendors. The bulk of the poor work, but low productivity and intermittent employment keep incomes low. Poverty is most prevalent in the states of Orissa, Bihar, Uttar Pradesh, and Madhya Pradesh, and least prevalent in Haryana, Punjab, Himachal Pradesh, and Jammu and Kashmir. By the early 1990s, economic changes led to the growth in the number of Indians with significant economic resources.About 10 million Indians are considered upper class, and roughly 300 million are part of the rapidly increasing middle class. Typical middle-class occupations include owning a small business or being a corporate executive, lawyer, physician, wh ite-collar worker, or land-owning farmer. In the 1980s, the growth of the middle class was reflected in the increased consumption of consumer durables, such as televisions, refrigerators, motorcycles, and automobiles. In the early 1990s, domestic and foreign businesses hoped to take advantage of India's economic liberalization to increase the range of consumer products offered to this market. Housing and the ancillary utilities of sewer and water systems lag considerably behind the population's needs.India's cities have large shantytowns built of scrap or readily available natural materials erected on whatever space is available, including sidewalks. Such dwellings lack piped water, sewerage, and electricity. The government has attempted to build housing facilities and utilities for urban development, but the efforts have fallen far short of demand. Administrative controls and other aspects of government policy have discouraged many private investors from constructing housing units. Liberalization in the Early 1990s Increased borrowing from foreign sources in the late 1980s, which helped fuel economic growth, led to pressure on the balance of payments. The problem came to a head in August 1990 when Iraq invaded Kuwait, and the price of oil soon doubled.In addition, many Indian workers resident in Persian Gulf states either lost their jobs or returned home out of fear for their safety, thus reducing the flow of remittances (see Size and Composition of the Work Force, this ch. ). The direct economic impact of the Persian Gulf conflict was exacerbated by domestic social and political developments. In the early 1990s, there was violence over two domestic issues: the reservation of a proportion of public-sector jobs for members of Scheduled Castes (see Glossary) and the Hindu-Muslim conflict at Ayodhya (see Public Worship, ch. 3; Political Issues, ch. 8). The central government fell in November 1990 and was succeeded by a minority government. The cumulative impact of these events shook international confidence in India's economic viability, and the country found it increasingly difficult to borrow internationally.As a result, India made various agreements with the International Monetary Fund (IMF–see Glossary) and other organizations that included commitments to speed up liberalization (see United Nations, ch. 9). In the early 1990s, considerable progress was made in loosening government regulations, especially in the area of foreign trade. Many restrictions on private companies were lifted, and new areas were opened to private capital. However, India remains one of the world's most tightly regulated major economies. Many powerful vested interests, including private firms that have benefited from protectionism, labor unions, and much of the bureaucracy, oppose liberalization. There is also considerable concern that liberalization will reinforce class and regional economic disparities.The balance of payments crisis of 1990 and subsequen t policy changes led to a temporary decline in the GDP growth rate, which fell from 6. 9 percent in FY 1989 to 4. 9 percent in FY 1990 to 1. 1 percent in FY 1991. In March 1995, the estimated growth rate for FY 1994 was 5. 3 percent. Inflation peaked at 17 percent in FY 1991, fell to 9. 5 percent in FY 1993, and then accelerated again, reaching 11 percent in late FY 1994. This increase was attributed to a sharp increase in prices and a shortfall in such critical sectors as sugar, cotton, and oilseeds. Many analysts agree that the poor suffer most from the increased inflation rate and reduced growth rateINDIA'S ECONOMIC REFORMS The reform process in India was initiated with the aim of accelerating the pace of economic growth and eradication of poverty. The process of economic liberalization in India can be traced back to the late 1970s. However, the reform process began in earnest only in July 1991. It was only in 1991 that the Government signaled a systemic shift to a more open econ omy with greater reliance upon market forces, a larger role for the private sector including foreign investment, and a restructuring of the role of Government. The reforms of the last decade and a half have gone a long way in freeing the domestic economy from the control regime.An important feature of India's reform programme is that it has emphasized gradualism and evolutionary transition rather than rapid restructuring or â€Å"shock therapy†. This approach was adopted since the reforms were introduced in June 1991 in the wake a balance of payments crisis that was certainly severe. However, it was not a prolonged crisis with a long period of non-performance. The economic reforms initiated in 1991 introduced far-reaching measures, which changed the working and machinery of the economy. These changes were pertinent to the following: †¢ Dominance of the public sector in the industrial activity †¢ Discretionary controls on industrial investment and capacity expansion †¢ Trade and exchange controls †¢ Limited access to foreign investment Public ownership and regulation of the financial sector The reforms have unlocked India's enormous growth potential and unleashed powerful entrepreneurial forces. Since 1991, successive governments, across political parties, have successfully carried forward the country's economic reform agenda. Reforms in Industrial Policy Industrial policy was restructured to a great extent and most of the central government industrial controls were dismantled. Massive deregulation of the industrial sector was done in order to bring in the element of competition and increase efficiency. Industrial licensing by the central government was almost abolished except for a few hazardous and environmentally sensitive industries.The list of industries reserved solely for the public sector — which used to cover 18 industries, including iron and steel, heavy plant and machinery, telecommunications and telecom equipment, m inerals, oil, mining, air transport services and electricity generation and distribution was drastically reduced to three: defense aircrafts and warships, atomic energy generation, and railway transport. Further, restrictions that existed on the import of foreign technology were withdrawn. Reforms in Trade Policy It was realized that the import substituting inward looking development policy was no longer suitable in the modern globalising world. Before the reforms, trade policy was characterized by high tariffs and pervasive import restrictions. Imports of manufactured consumer goods were completely banned. For capital goods, raw materials and intermediates, certain lists of goods were freely importable, but for most items where domestic substitutes were being produced, imports were only possible with import licenses.The criteria for issue of licenses were non-transparent, delays were endemic and corruption unavoidable. The economic reforms sought to phase out import licensing and a lso to reduce import duties. Import licensing was abolished relatively early for capital goods and intermediates which became freely importable in 1993, simultaneously with the switch to a flexible exchange rate regime. Quantitative restrictions on imports of manufactured consumer goods and agricultural products were finally removed on April 1, 2001, almost exactly ten years after the reforms began, and that in part because of a ruling by a World Trade Organization dispute panel on a complaint brought by the United States. Financial sector reformsFinancial sector reforms have long been regarded as an integral part of the overall policy reforms in India. India has recognized that these reforms are imperative for increasing the efficiency of resource mobilization and allocation in the real economy and for the overall macroeconomic stability. The reforms have been driven by a thrust towards liberalization and several initiatives such as liberalization in the interest rate and reserve r equirements have been taken on this front. At the same time, the government has emphasized on stronger regulation aimed at strengthening prudential norms, transparency and supervision to mitigate the prospects of systemic risks.Today the Indian financial structure is inherently strong, functionally diverse, efficient and globally competitive. During the last fifteen years, the Indian financial system has been incrementally deregulated and exposed to international financial markets along with the introduction of new instruments and products. Devaluation of the Rupee: Tale of Two Years, 1966 and 1991 Since its Independence in 1947, India has faced two major financial crises and two consequent devaluations of the rupee. These crises were in 1966 and 1991 and, as we plan to show in this paper, they had similar causes. Foreign exchange reserves are an extremely critical aspect of any country’s ability to engage in commerce with other countries.A large stock of foreign currency res erves facilitates trade with other nations and lowers transaction costs associated with international commerce. If a nation depletes its foreign currency reserves and finds that its own currency is not accepted abroad, the only option left to the country is to borrow from abroad. However, borrowing in foreign currency is built upon the obligation of the borrowing nation to pay back the loan in the lender’s own currency or in some other â€Å"hard† currency. If the debtor nation is not credit-worthy enough to borrow from a private bank or from an institution such as the IMF, then the nation has no way of paying for imports and a financial crisis accompanied by devaluation and capital flight results.The destabilising effects of a financial crisis are such that any country feels strong pressure from internal political forces to avoid the risk of such a crisis, even if the policies adopted come at large economic cost. To avert a financial crisis, a nation will typically ad opt policies to maintain a stable exchange rate to lessen exchange rate risk and increase international confidence and to safeguard its foreign currency (or gold) reserves. The restrictions that a country will put in place come in two forms: trade barriers and financial restrictions. Protectionist policies, particularly restrictions on imports of goods and services, belong to the former category and restrictions on the flow of financial assets or money across international borders are in the latter category.Furthermore, these restrictions on international economic activity are often accompanied by a policy of fixed or managed exchange rates. When the flow of goods, services, and financial capital is regulated tightly enough, the government or central bank becomes strong enough, at least in theory, to dictate the exchange rate. However, despite these policies, if the market for a nation’s currency is too weak to justify the given exchange rate, that nation will be forced to de value its currency. That is, the price the market is willing to pay for the currency is less than the price dictated by the government. The 1966 Devaluation As a developing economy, it is to be expected that India would import more than it exports.Despite government attempts to obtain a positive trade balance, India has had consistent balance of payments deficits since the 1950s. The 1966 devaluation was the result of the first major financial crisis the government faced. As in 1991, there was significant downward pressure on the value of the rupee from the international market and India was faced with depleting foreign reserves that necessitated devaluation. There is a general agreement among economists that by 1966, inflation had caused Indian prices to become much higher than world prices at the pre-devaluation exchange rate. When the exchange rate is fixed and a country experiences high inflation relative to other countries, that country’s goods become more expensive and foreign goods become cheaper.Therefore, inflation tends to increase imports and decrease exports. Since 1950, India ran continued trade deficits that increased in magnitude in the 1960s. Furthermore, the Government of India had a budget deficit problem and could not borrow money from abroad or from the private corporate sector, due to that sector’s negative savings rate. As a result, the government issued bonds to the RBI, which increased the money supply. In the long run,