International and local firms that operate in China

Introduction The economic growth of China has attracted the attention of many professionals who try to evaluate the long-term implications of this phenomenon. This paper is aimed at examining the competitive strength of international and local firms that operate in China. Furthermore, it is important to discuss the social effects of this economic development.Advertising We will write a custom essay sample on International and local firms that operate in China specifically for you for only $16.05 $11/page Learn More These questions are important because the increasing manufacturing capacity of Chinese firms can affect millions of people throughout the world. Apart from that, this issue can play an important role in international relations. This is why these questions should not be overlooked. Much attention should be paid to such a term as competitiveness which can be defined as the ability of producers to retain or increase its market share (Hong 2008, p . 33). These questions can be examined by looking at the operations of domestic and foreign firms that manufacture their products in China. Overall, it is possible to argue that the competitive strength of these organizations is based on the ability to reduce operational expenses and lower the price for their products. Furthermore, one can identify several impacts such as the improvement of living conditions in China and increased activism in this country. Apart from that, one should speak about the growing unemployment in advanced countries and intense competition in the labor market. Competitiveness of domestic and foreign manufacturing companies While evaluating the performance of Chinese-based firms, scholars focus on several aspects. In particular, the competitive advantage of these organizations relies on the surplus and low cost of labor force (Steinfeld 2008, p. 1971). Additionally, economists believe that the majority of exports from China are not technology-intensive (Zhan g 2007, p. 94). In other words, these products are not based on some unique and innovative design that can create extra value for users. Apart from that, these enterprises do not employ technologies that can dramatically increase the volume of production (Zhang 2007, p. 94). More importantly, a significant proportion of Chinese exports are produced by the affiliates of American or European companies that can bring new technologies to this country (Zhang 2007, p. 94). Therefore, manufacturers located in China can be very diverse, but they benefit from the excessive supply of labor. These are some of the main aspects that can be identified.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Nevertheless, one should remember that labor-intensive production can often give significant advantage of to Chinese manufacturers. For instance, the prices for Chinese products are lower by 30-50 percent low er than the prices set by American-based manufactures (Pan 2009, p. 9). In some cases, these prices are even lower than the cost of materials in the United States (Pan 2009, p. 9). This is one of the reasons why these organizations can increase their market share. Apart from that, many Western firms decided to move to China in effort to decrease their operational costs. This strategy has been affected by high-tech companies such as Apple, Google, or Nokia that prefer to assemble their products in China. These corporations have indeed increased their competitive strength; this is why this policy is adopted by other firms. This is one of the main points that can be made. These examples suggest that the strength of Chinese manufacturers relies on the labor-intensive production. This argument is particular important when one speaks about domestic companies which do not usually manufacture innovative products. In turn, some of the foreign firms can rely on the technology-intensive produc tion, but at the same time, they can benefit from the surplus of labor. Nevertheless, these organizations use the component parts that came from the United States, Japan, Europe, or South Korea (Steinfeld 2008). Therefore, one should not suppose that China dominates every aspect of the global production. This is one the issues that should be taken into consideration. Social effects of Chinese economic development Overall, the trends that were described in the previous sections have several important implications. First of all, the economic growth of China gradually increases the welfare of local workers (Appelbaum 2008, p. 69). Certainly, their income level does not correspond to the standard of living set in North America or Japan. However, even these relatively low wages can be regarded as a significant improvement in comparison with previous years. These benefits were available mostly to people living in urban areas of the country (Appelbaum 2008). This is one of the first effect s that should be identified.Advertising We will write a custom essay sample on International and local firms that operate in China specifically for you for only $16.05 $11/page Learn More Another important issue is the growing movement in support of trade unions. Researchers argue that the large concentration of workers in a relatively small area results enables them to join their efforts in order to protect their rights (Appelbaum 2008). This issue is important when one speaks about frequent abuses of workers in China (Appelbaum 2008). Additionally, increasing interaction among workers can lead to the increased activism. So, the economic development of this country can eventually influence the political culture of this country (Appelbaum 2008). This is one of the main impacts that researchers speak about. So, the growing manufacturing capacity of Chinese businesses can significantly transform this country. Yet, the long-term effects of this tendency ca nnot be accurately predicted. Finally, it is important to remember that the economic growth of China influence many people living in the advanced countries. First of all, many European and American firms choose to outsource their operations to China since in this way they try to decrease their costs. This process decreases the number of jobs that are available to local workers. Thus, the competition in the global labor market has also increased. This is one of the impacts that should be taken into account. Furthermore, the increased strength of Chinese manufacturers decreases the market share of Western manufacturers. As a result, many of these firms are forced out of business (Pan 2009, p. 9). Therefore, the economic development of China has implications for millions of people who may not be living in China. Conclusion This discussion indicates at several important issues. First of all, local and international companies rely mostly on the labor-intensive production which means that they have access to less expensive labor. This is how they gain competitive advantage over their major rivals. This tendency can affect various societies. In particular, it can lead to the relative improvement of living standards in China. Furthermore, this trend can eventually result in the political transformation of China. Finally, one can argue that this development can influence millions of people who have fewer opportunities for finding a job. So, this process makes the global market more competitive. These effects should be taken considered by people who examine the social development of China as well as other countries. References Appelbaum, R 2008, ‘Giant Transnational Contractors in East Asia: Emergent Trends in Global Supply Chains’, Competition Change, vol. 12 no. 1, pp. 69-87.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Hong, W 2009, Competitiveness in the tourism sector: a comprehensive approach from economic and management points, Springer, New York. Pan, C 2009, ‘What is Chinese about Chinese Businesses? Locating the ‘rise of China’ in global production networks’, Journal of Contemporary China, vol. 18 no. 58, pp. 7-25. Steinfeld, E 2004, ‘China’s Shallow Integration: Networked Production and the New Challenges for Late Industrialization’, World Development, vol. 32 no. 11, pp. 1971-1987. Zhang, K 2007, ‘International Production Networks and Export Performance in Developing Countries’, The Chinese Economy, vol. 40 no. 6, pp. 83-96. This essay on International and local firms that operate in China was written and submitted by user Rihanna Key to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Police and Discretion Essay Example

Police and Discretion Essay Example Police and Discretion Essay Police and Discretion Essay Police Discretion Police discretion is freedom or the power of state officers to exercise various alternative actions towards a person. A police officer may choose to give a warning, issue a ticket of violation or arrest an offender. Not all circumstances allow police to have discretion. According to a research by Carrington and Schulenber (2004), various factors affect police discretion. These factors include the seriousness and the nature of the crime, prior contacts with the police, injury to the victim, presence of a weapon, the relationship between the victim and the apprehended youth, group crime, age, and sex (Carrington Schulenber, 2004). They found out that the police charged 86 percent of the youths found in robbery case, murder among other serious crimes. External and  internal  mechanisms that affect police discretion One of the mechanisms that  influence  police discretion is the lack of consensuses on what criminal behaviors the police should exercise  discretion. First, there are no clear legal definitions of the offenses where  discretion  will apply. The  community  may not be able to  interpret  the laws in the same way as the legislatures. Secondly, there are no laws within the police force to  control  use of police discretion. Police exercise  discretion  differently. Apart from these factors, legal measures also affected police discretion. Thirdly, the close interaction between communities and the police influence  discretion. This allows for corruption within the police force. Solutions to improving police discretion It is not possible to eliminate police discretion. The best way to improve police discretion is the use of controlling mechanisms. Such  include  implementation of laws, policies and procedures on the use of discretion. The  establishment  and implementing of the Youth Offenders Act has influenced police discretion (Bergen, 2005). The Act has profoundly regulated police discretion. Secondly, there is a need to  establish  legislature on â€Å"zero tolerance offenses† Strict measures regarding the use of firearms by the police should be enacted. According to Bergen, further  promotion  an  education  of the police will  improve  police discretion. Curbing corruption among the police officers is  necessary  in regulating police  freedom.

Sex trafficking of children and it's long term affects Assignment

Sex trafficking of children and it's long term affects - Assignment Example Children who maybe victims of sexual trafficking lack positive peer relationships which provide a platform for development of attitude skills and values and hence should be condemned(Goldstein, and Robert 5) . The act of sexual trafficking on a child leaves him/her psychologically traumatized due to the overwhelming blow of forced sex which leaves the child in a situation of self denial. The human body is made up in such a way that the gangers we experience in life tend to be connected and hence exposing the child to sex trafficking will increase the number danger occurrences in the child’s mind which in turn leads to the child living a life with a lot of fear in them(Haggerty 77). The traumatizing experience of sexual exposure leads the child to developing stressing conditions which lead them to slow remembering and thinking while exposed to situations of danger (Territoand George 89) UNICEF has been in the frontline in addressing the issue by publicizing it so that children can be saved from the act. They have opened help sub agencies in most countries which move across the whole country carrying out investigations and helping the children who open up to them. Other agencies such as the WHO have also helped in dealing with the issue due to the risk it poses on the health of the child (Territo and George 89). UNICEF and other agencies with the help of governments in all countries should publicize the issue so that people get to know the channels of acting when such issues happen. They should also educate people on the effects it has so on children so that those who do it without knowing what it would cause to the child can stop it. Bloom, Sandra. "Trauma theory abbrevated."  HOME - The OpenCUNY Academic Medium.N.p.,  Oct.  1999. Web. 31  Mar.  2014.

Creditworthiness assessment as a way of minimising credit risk Dissertation

Creditworthiness assessment as a way of minimising credit risk - Dissertation Example Introduction Financial firms or investors experience various kinds of risks, out of which the most important is the credit risk. Although the market participants commonly consider the â€Å"credit risk† as one dimensional however there actually are three dimensions f credit risk, namely: credit-default, credit-spread, and down-grade credit risks. Credit default risk is the one in which the issuer will be unable to fulfill the terms of the obligation according to the regular payments of interest as well as the actual loan (Fabozzi, Moorad and Steven, 2003). This type of credit risk includes counterparty risk in a derivative transaction or trade in which the counterparty is unable to meet its obligation. In order to measure the credit default risk, investors generally depend upon credit rating that is a formal perspective of a company functioning as a rating agency for the credit default risk experienced due to investing in a certain issue of debt securities. The nationally appr oved or known rating agencies are Standard & Poor’s, Moody’s Investors Service, and Fitch Ratings. Credit spread risk is defined as underperformance or loss of some issue(s) as result of a rise in the credit spread that refers to the compensation desired by the investors so as to recognize an issue’s or issuer’s credit default risk. ... Downgrade risk refers to the risk in which an issuer or issue gets degraded that cause an increase in the credit spread desired by the market. Thus, downgrade risk is associated with the credit spread risk. Some times the potential of an issuer to earn interest and principal payments undermines greatly and surprisingly due to an unpredicted event. This could be any types of peculiar events that are related to an industry or the corporation, such as a natural or industrial accident, a takeover or a corporate restructuring, a regulatory change, or a corporate fraud. This category of risk is generally referred as an event risk and will compel the rating agencies to downgrade the issuer (Fabozzi, Moorad and Steven, 2003). 1.1. Factors Involved in the Assessment of Credit Default Risk The most evident and significant measure to avoid credit risk is to examine the creditworthiness of the borrower. In carrying out such an assessment, credit analysts investigate or measure the factors that i nfluence the business risk of a borrower. These factors are generalized in to four basic categories, which are: the quality of the borrower, the potential of the borrower to fulfill the debt obligation, the seniority level and the security provided in a bankruptcy proceeding, and the constrains applied on the borrower. The quality of the borrower, in the case of a corporation, includes the assessment of the business strategies and management policies of the firm. Being more specific, a credit analyst will examine the strategic plan, the financial philosophy, and the accounting control systems of the corporation in relation to the use of debt (Fabozzi, 2009). The potential of the borrower to fulfill its obligations starts with the assessment of the financial

Petrophysics Essay Example for Free

Petrophysics Essay Abstract The South Tapti gas field, located in the Arabian Sea off the western coast of India, has been on production for the last three years. Drill Stem Tests (DST) conducted in five zones in the first appraisal well showed high sand production in all the tests at drawdowns as low as 20 psi. Due to the unconsolidated nature of the reservoir sand, it was decided to gravel pack all future wells. Initially, the High Rate Water Pack (HRWP) technique was used on 13 completions including some stack and selective completions. Due to a change in the drilling fluid to an oil based mud (OBM) system and the higher damage associated with the it, it was later decided to switch the gravel packing technique to ‘Frac and Pack’. This involved creation of a small frac to bypass the near wellbore damage using a gel-based fluid, followed by gravel placement using the HRWP. The Frac Pack technique was tried on 10 completions. Extensive production and pressure data collected on the above completions show that the ‘Frac Pack’ technique has led to a decrease in the mechanical skin by almost 70 %. More importantly, it has also been responsible for decreasing the Rate Dependent Skin Coefficient, D, by 50 %, which has a greater impact on the well productivity since these wells are produced at average rates of 25 MMSCFD. This paper describes the gravel packing techniques used in the South Tapti gas field, their evolution and the results achieved. Inroduction The South Tapti field, located off the Western coast of India, is represented by a series of alternating sand and shale sequences. The upper reservoir intervals are dominated by tidal-bar and channel sands deposited in a deltaic environment while the lower sands represent incised valley deposits consisting largely of alluvial/fluvial channels, tidal bars and tidal creeks. The exploratory wells drilled in the field indicated strong sand production tendencies due to the unconsolidated nature of the reservoir rock. This was corroborated by extensive testing of the first development well when all the five zones tested produced sand even under extremely low pressure drawdown conditions. The completion policy for the field focused on preventing sand ingress while minimizing the near well-bore damage inherent in any sand control application. The early development wells were gravel packed using the high rate water pack (HRWP) technique. These initial completions were highly successful in preventing sand production but also induced significant damage in the process. The problem was accentuated when the drilling mud system was changed to an oil base system in an attempt to offset recurrent drilling problems arising out of unconsolidated sandstone and presence of reactive clays. This called for a change in completion philosophy in order to ensure that the wells retain high productivity with effective sand control. Geologic and Reservoir Characterization The South Tapti field is localized by a broad SW-NE trending, doubly plunging anticline. The field has up to 13 different Oligo-Miocene gas bearing sands, separated by shales. The reservoir sands were deposited in both incised valley and deltaic settings. Reservoir sands within incised valleys consist of alluvial/fluvial channels, tide-influenced channels and tidal bars. The channel sands typically are the cleaner sands with excellent porosity permeability and up to 20 m thick, whereas the tide-influenced channels and tidal bars are shalier, with more modest porosity and permeability. CLAY MINERALS 1. Abstract: Tapti Basin in Surat Depression, Bombay Offshore is characterized by entirely siliciclastic succession. The cores and cutting samples, and wireline logs provide important information about the stratigraphy, basin fill, mineralogy, source and reservoir rock characteristics. Well under study is located in South Tapti sub-basin and contains gas-bearing sandstone within Mahim Formation of Late Oligocene age. The cuttings and cores have been megascopically examined and with the aid of electrical log data, the litholog of the well is prepared. The study involves XRD and major element analysis of selected samples. The XRD and digital log data from Natural Gamma Sepctrometry (NGS) log indicate that montmorillonite is the major clay mineral present in the upper part of the succession, whereas kaolinite present in the lower part (1868 m MD to 2427 m MD). Kaolinite is apparently formed by early stages of burial diagenesis, whereas montmorillonite is a weathering product of the Deccan Basalt. Interpretative lithology from the well log response shows that reservoir sandstones have developed within the depth interval of 1865m TVD to 1945 m TVD within dominantly shale lithology. Reservoir sandstones are semiconsolidated, medium to coarse grained and moderately well sorted. Quartz is the dominant detrital component in all the sandstones. Pay sands are quartz arenite whereas non-pay sands are quartz wacke with varying amount of clay matrix. Kaolinite in the reservoir section reduces the permeability of quartz wacke, but enhancing porosity in microlevel. Carbonate, siderite and iron oxide are main cementing material. Major element data showing that clastic sediments were delivered to the basin possibly by the Proto Tapti river but they may be having dual source of origin. The discriminant functions of Meyer and Nederlof, 1984 has indicated that the studied formations do not have source rock potential. Key words: Tapti Basin, Bombay Offshore, hydrocarbons, provenance and clay minerals. quartz wacke, but enhancing porosity in microlevel. Carbonate, siderite and iron oxide are main cementing material. Major element data showing that clastic sediments were delivered to the basin possibly by the Proto Tapti river but they may be having dual source of origin. The discriminant functions of Meyer and Nederlof, 1984 has indicated that the studied formations do not have source rock potential.

death penalty :: essays research papers

When turning on the television, radio, or simply opening the local newspaper, one is bombarded with news of arrests, murders, homicides, and other such tragedies. There are many things that I don't agree with in today's society but, out of all the wrongdoing that takes place, I believe murder including the death penalty is the worst of them. I am strongly against the death penalty because it violates God's rules, costs the tax payers too much money, the possible "wrongly accused," and it is cruel and unusual punishment. How often do these concepts creep into the public's mind when it hears of our `fair, trusty' government taking away someone's breathing rights? I do not support having the death penalty because it violates religious beliefs. Many religions, such as my own, Catholicism, follow the rules that God sent to use through the Ten Commandments. One of the most important of those ten states, "Thou shall not kill." If you are executing an individual, that clearly violates this commandment. Murdering any person, no matter what the individual has been convicted of, is a mortal sin. Therefore, God will punish anyone who aids in executing people. I believe that religious beliefs, such as the Ten Commandments, are the corner stone for our law system. Executing someone should not be made an exception to God's rule. My next reason against the death penalty is that taxpayers waste too much of their money with the death penalty. The average death penalty case is appealed three times. This means that the taxpayers must pay for the same trial to be heard three times. This is a very expensive practice. Also, the average convicted murder spends 12 years on death row. If supporters of the death penalty are positive enough to kill the person for committing the crime, shouldn't the supporters be confident enough to execute them in a timely manner? Why spend the taxpayer's money keeping these inmates in jail for so long? Taxpayer's money should go to better society, not to accommodate the prisoners that are going to end up dead. There's always the chance of the innocent being in the wrong place at the wrong time.

Written Analysis Final Project

Getting along with same sex marriage by EYE written Analysts Ms. Bawd I have read a few articles. I have had many discussions with some of the very conservative religious students I work with. I have been trying to figure out if the main front of the opposition to same sex marriage has a logical argument or if it is just a knocker reaction because religious conservatives think everyone that participate or even allows it is going to hell. I had the chance to interview Mr.. James, a student of a local Baptist college on his viewpoint of the subject.He indicates he eels that it is a sin and against Gods will, but that God gave man free will and he can choose his own fate. And, while he feels the need to try to help and educate homosexuals, if they disagree with those ideas, forcing the issue will only drive them further away. In his words, â€Å"forcing the Bible down someone's' throat is no way to build a flock†. The impacted population of the opposition to same sex marriage is all of the gays and lesbians of our country, studies estimate around 3. % or roughly 9 million people. Monsoons) Studies suggest lower general health among same sex peoples, one theory is this is due to one partner who has health insurance from their employer that cannot cover the other because they are not married and therefore not legally related. (Miller) Why we have this issue is because many people, notably Christians, feel that homosexuality is a conscious decision rather than an emotional attraction, because God said it was a sin.Leviticus 20:13, states, â€Å"If a man also lie with mankind, as he elite with a woman, both of them have committed an abomination: they shall surely be put to death† (KAVA). This was reaffirmed by the Pope, leader of the arrest group of Christians, who ironically dresses like Liberace stunt double. The problem here is 79. 5% of the U. S. Is Christian. Or close to 247 million people. (Fairchild) This seriously outnumbers the numbers of homose xuals looking to marry. Some feel it as a personal attack on their beliefs; others feel the need to save the homosexuals from the impending doom of eternity in hell.Although they are probably taking things out of context, I feel the bible was written to speak to the people of the day, and customs were different; there was less understanding of the perversity of the world then. Conservative folks back off the legal tactics. Laws that target only one group are unconstitutional. Former President Bill Clinton recently made a statement, â€Å"When I signed the bill, I included a statement with the admonition that ‘enactment of this legislation should not, despite the fierce and at times divisive rhetoric surrounding it, be understood to provide an excuse for discrimination. Reading those words today, I know now that, even worse than providing an excuse for discrimination, the law is itself discriminatory. It should be overturned. (Weber) Our First Amendment protections on the free dom of speech and religion, apply to all. By all means speak your minds, tell others how you feel about the issue. This is what is so great about this country, you can do that. Realize though, that same law that gives you the right to speak your mind, also give others the right to not listen. Please, the same law that protects you also protects everyone else.While you have the right to speak your mind, most will agree your rights stop at interfering with others' rights. Christian conservatives, you are so intent on having our way, but the more you push your views upon everyone the more you push them away! Remember Mr.. James, the Baptist student ministers' statement about forcing the Bible down someone's throat is no way to gather a flock. Yes, convey your ideals, but you cannot educate someone if they do not want to listen. And, offending them is a good way to close their ears and minds.In the argument about everyone's rights there was a compromise offered of a â€Å"civil unionâ € . This gave same sex couples some of the rights they were looking for, becoming a family making health insurance extendable to the partner, child custody between partners, survivorship of property in the event of one partner's death. This was not upheld at the federal level, only a handful of states accommodated. Somehow this was not enough; you had to have â€Å"marriage† and not a â€Å"civil union†. (GLAD) Same but separate somehow. It is not so much the word as it is the idea.I was hung up on why â€Å"marriage† was so important; the civil unions were on the right track. But if you were to say to me that Which was not a real religion, I would very likely go off on the discrimination of conservatives. Like many things, though, it takes time. The Thirteenth Amendment was ratified December 1865 to abolish slavery. There are still pockets of racists who would chain up blacks if they could. â€Å"Only' two years ago, Which was recognized by the Veterans Adm inistration, then the rest of the government as a legitimate religion.Still there are evangelical types who still get in my face and try to save me from imaginary (to me) monsters. I was raised in a catholic household. Since the majority against this are Christians and I know what it means to be Christian, I want to know how you can UT this much energy into complaining about same sex marriage when there are still homeless people, starving children, all over our country and the planet to take care of. How can you put complaining about homosexuals on a higher priority than starving children?I think even Jesus would say homosexuality is wrong, but spend his time feeding the children, preach but not force. Homosexuals, Offer a compromise, take the unions and get your foot in the door. Even though one law wiped out slavery, the civil rights movement took a long time, and it came in stages. Even when other regress was made, interracial marriages still had to be overcome. Get the civil uni ons, push to get it to the federal level, get more equal footing, then when it is almost the same, push to call it marriage.I think you have to work on people a few at a time. Pushing against that many people all at once isn't going to get you far. Logically, why should same sex marriages be outlawed? How many religions are out there, and how many claim to be the one true way to God? There are a few that don't recognize only one god, then there are the atheists who believe there is no god. If we re not going to dictate a religion, we cannot endorse any religions views on marriage.If our laws state that government and religion must be separate, why then, are we even debating the notions that the marriage defined in the bible is the only acceptable definition, when marriage is a legal institution? Unfortunately humans are an emotional creature. Some people so believe there is going to be hell to pay for homosexuality, those people have that right. Others believe that first group is ou t of their minds, they are within their rights. People are beginning to realize the ideals of he past don't hold up to intellectual scrutiny.Some, well many, people are trying to hold on to a tradition, one that they have believed in since they can remember. Every step we move away from that as a society, chips away at the foundations of their beliefs. Change is hard for some; they may have to accept the changes reluctantly. We are getting there though, these same people who are trying to hold on to outdated ideas, which are thousands of years old, have accepted women are out of the kitchen and the colored are out of the fields and the earth is round and goes round the sun.