The Economic Impact of Outsourcing Essay Example | Topics and Well Written Essays - 1500 words

The Economic Impact of Outsourcing - Essay Example There were several reasons this practice gained a following in this time period. What was needed desperately was a way to improve asset management, cash flows and margins. The infrastructure demands for the industry were growing but there was a greater need for the business organizations to cut overheads more drastically if they wanted to survive because the budgets were shrinking at an even faster pace. It was this need for cost cutting that spurred the use of the practice of outsourcing in the industry. Of the numerous other benefits of outsourcing, some of the most prominent ones are reducing operating costs, reducing the effect of obsolete technology, using newer technology as soon as it is available for use and letting specialists handle challenging issues etcetera. The lobby against the practice of outsourcing bases their argument on the fact that when a company outsources it loses quite a bit of control over the firm’s operations and additional cost of services rendered etcetera. But a holistic view of the situation makes it clear that the advantages of outsourcing far outweigh any costs that company will have to incur in the process. One factor that cannot be overlooked-however great the benefits-is that of possible risk, but with some modern day transparency measures in place it is easier to make sure that the firm being outsourced to remains committed to what is expected of them. The third party that is outsourced to has a core competency in the services that the firm wants. They use the quickest, most efficient production methods and the latest technology which enable them to produce in more cost effective methods while still preserving the expected quality of production. And the firm that is outsourcing can invest the money saved more wisely, in more productive ventures. (Haynes, M., 2009). People who are against the practice of outsourcing argue that this is a major cause of layoffs in the first world. However, supporters argue that even tho ugh the costs for the local industry in terms of layoffs cannot be ignored, the benefits gained tend to overpower the adverse impacts. It is basically a question of going for the overall economy’s gain at the personal expense of a small part of the economy’s labor force. Supporters further argue that if outsourcing is banned, it won’t save a lot of people from being laid off; they say that any protection measures of the sort will result in overall economic loss. Regulation will thus cause inefficiency in the economy. Opponents however, stick to their side of the argument. They want to preserve jobs and prevent livelihoods form being destroyed. To objectively analyze the economic benefits of outsourcing, one needs to look beyond the aspect of jobs lost in the local economy and take a more macro view of the situation. Outsourcing lets firms cut costs and improve efficiency all in one go. Supporters expand on this by saying that outsourcing allows companies to acce ss the latest resources and the best capabilities. Outsourcing allows these companies to share the workload and risk of production processes and frees resources for investment purposes that would otherwise be invariably tied up. But that’s not all, outsourcing aids innovative practices by making it possible for firms to invest in research and development, customer service and

Co-sleeping is natural Research Paper Example | Topics and Well Written Essays - 750 words

Co-sleeping is natural - Research Paper Example Therefore co-sleeping is a standard practice in most parts of the world. Co-sleeping involved bed-sharing amongst infants as well and room-sharing is also based on the same tangents (Petr 2004). At times, co-sleeping is linked very closely with the ailments and health issues that children might have and thus it is best for the parents to be close to their young ones. The close proximity that co-sleeping brings with it is something that one can understand within the thick of things. There are different views on co-sleeping with regards to these healthcare professionals. Some suggest that bed-sharing techniques are against ethical standards and must not be taught to the young ones. Its effectiveness is also questioned at times but generally co-sleeping amongst parents and their young ones who are just babies is not discouraged at all (O’Mara 2007). This is a matter of immense debate because co-sleeping brings together the child with his/her parents and gives him/her the safety and security that is derived through co-sleeping. Some of the advantages related with co-sleeping include the fact that mothers get to sleep more through this phenomenon and breastfeeding than any other way. It is very effective in preventing the sudden infant death syndrome (SIDS). Stress hormones are very less in mothers and the babies who are involved in co-sleeping with their mothers balance this stress hormone cortisol where this control plays a vital part in the healthy growth regimes of the baby (Stearns 1996). There is a good amount of research done which suggests that co-sleeping is effective for the babies and their mothers and that there are more regular heart rhythms as well as less long pauses in breathing patterns when compared to the babies who sleep alone (Carskadon 2002). Co-sleeping is effective when parents are more vigilant about their kids. They must know that their

Not decided yet.. Read the instruction.. kindly decide the topic Research Paper

Not decided yet.. Read the instruction.. kindly decide the topic - Research Paper Example The water becomes unsafe for human and animal consumption. Both human, animals and plants may die off because of water pollution. In addition, environmental degradation affects the quality of air. The air is mostly polluted by industrial emissions of carbon and sulfur compounds that may be toxic for both plants and animals. The issue of environment features in every government debate and election campaigns. It shows that the Americans take the environment issue seriously. In fact, the American electorate can shift towards favoring any candidate that is conscious about the environment. The people of the United States contribute a lot of resources towards cleaning the environment and enforcing of environmental policies. As such, the United States has seen a reduction in environmental pollution. However, the increasing economic growth is still taking a toll on the environment. The United States economy experienced massive industrialization in the 19th century. People realized the importance of natural resources that were in abundance. As a result, people cleared forests and grasslands for agricultural and industrial use. The environment was heavily degraded as the exploitation of resources continued. Clearing forests, cultivation in the prairies and hunting of exotic animals called for action to protect the environment. The resultant issues arose public consciousness into the impact of extraction and manufacturing activities on the environment. The successive governments have tried to overcome the problem by making environmental policies. The government of the day has revamped its efforts to combat the causes and the effects of environment degradation at the national level, state level and local level. Some of the elements in the United States environmental policies include; increased budgetary allocation towards the

Nuclear Fusion a Feasible Source of Power Essay -- Energy Power Global

Is Nuclear Fusion a Feasible Source of Power? Abstract: Nuclear fusion may be an effective solution to the energy problem in today?s world. Fusion is environmentally friendly and has the potential to generate massive amounts of power. It is evident that the Sun?s power is fueled by nuclear fusion. Recent advancements such as ITER and NIF may bring us closer to being able to use fusion. We find that nuclear fusion is a long-term solution to a continuing problem. Introduction: Since the Industrial Age, energy from fossil fuels has become widespread. In recent times, the depletion of fossil fuels is forcing humanity to search for other alternatives, such as nuclear fusion. Fusion has been an attractive method of energy for a long time. In 1982, Princeton University experimented with the magnetic confinement Tokamak: a donut shaped accelerator designed to create massive amounts of heat. In 1998, JET built on the technology to create the largest Tokamak ever made. The ITER (International Thermonuclear Experimental Reactor) project is currently working on a colossal undertaking to create a Tokamak that can produce more energy than it consumes. This project combines the efforts of many nations and will be constructed in class. Meanwhile, the NIF (National Ignition Facility) in Livermore is attempting to use lasers to generate a completely different fusion: inertial confinement fusion. Both ITER and NIF are slated for completion in 2030. Fusion is a difficult hurdle for scientists to tackle because scientists cannot currently find a method to produce more energy than the process consumes. The JET is the most cost effective fusion reactor in terms of power. However, the ratio of energy production to energy cons... ...century? Reference Chatellier, Michel, (2001). Sources of Energy. CEA. Retrieved July 24, 2005 from http://www-fusionmagnetique. cea.fr/gb/energies/energie03.htm ITER (2005, July 22). Wikipedia: The Free Encyclopedia. Retrieved July 24, 2005, http://en.wikipedia.org/wiki/ITER Nuclear Fusion (2005, July 21). Wikipedia: The Free Encyclopedia. Retrieved July 24, 2005, from http://en.wikipedia.org/wiki/Nuclear_fusion Parfit, Michael (2005). Future Power Where Will the World Get its Next Energy Fix. National Geographic, August 2005. Retrieved August 2, 2005, from http://www7.nationalgeographic.com/ngm/0508/feature1/fulltext.html Platt, Charles (1998). What if Cold Fusion is Real?. Wired, 6.11. Retrieved August 3, 2005, from http://www.wired.com/wired/archive/6.11/coldfusion.html Cover image courtesy of: http://www.cbc.ca/quirks/archives/03-04/dec13.html

Macroeconomic Analysis: Russia

Since the financial crisis in 1998, Russia has been experiencing impressive economic growth due to the collaboration of monetary and fiscal policies that stabilized the performance of major economic indicators up to this day. Many economists regard the impressive performance of Russia as part increase of the volume of investment in the said country. On the other hand, some says that the notable growth of Russia should be attributed to the increase of oil prices in the international market (Traveldocs.com 2008: 1). Despite of the various claims on what really was the foundation of Russia’s economic stability for the past nine years, it would be better to examine first what are the performances of some major economic indicators like GDP Growth, Balance of Trade, Inflation Rate, Unemployment Rate and Interest Rate of the said country for the past four years. GDP Growth Rate In 2004, Russia experienced 7.76 percent growth on their GDP from 1.4 billion USD of 2003 to approximately 1.5 billion USD of 2004 (Alcarastore.com 2008: 1). This increase in the GDP growth rate was triggered by the improvement of consumer demand from 2003 to 2004. On the other hand, by the end of 2005, Russia experienced sluggish improvement on the growth of GDP from 7.76 to 6.93 percent primarily due to the instability happened on the investment component of the economy caused by unclear limit and conditions non foreign investment, obsolete infrastructure as well as delayed economic reforms of the government. But in general sense, the GDP of Russia still increased by around 150 million USD. By 2006, Russia once again performed robust increase on their GDP growth rate from 6.93 to 7.8 percent as the economy starts to recover from the adverse effects of unstable investment climate caused by delayed fiscal policies. Last 2007, the Russian GDP already reached its 2 billion USD level which caused their GDP growth rate to achieved 8.3 percent growth level as the investors and consumption continues to improve in the domestic market of Russia. Trade Balance Another major economic indicator of Russia’s economic performance would be the Trade Balance. For the past four years, the trade balance of Russia has been performing remarkable as this economic indicator continues to increase from 2004 to 2007 due to the strong consumer demand and fixed capital formation growth of the Russian economy. In 2004, the trade balance of Russia reached around 85.8 billion USD as the consequence of the increase of their non-oil exports by the end of 2003. The improvement of non-oil exports of Russia continued to positively influence the trade balance of the said country for the succeeding years like in 2005, the trade balance increased by 23 billion USD while it increased by 22 billion in 2006 (The Federal State Statistics Office Service 2007: 1). Though there was a slight growth in the trade balance of Russia during 2007 due to the significant excess of growth rates of import above the growth rates of exports. Nonetheless, the Russian economists is still optimistic regarding the performance of the trade balance of the Russian economy this year as their monetary and fiscal policies starts to combat the said issue on trade balance. Inflation Rate Prices of goods in Russia has been experiencing sluggish growth rate since 2003 as the result of the fiscal policies of the Russian government despite of the fact that they also have to lower down their unemployment rate. Theoretically, if unemployment rate decreases, inflation is being expected to increase based from the Philips Curve, but with the fiscal policies of the Russian government such as the bilateral market access agreement with the United States as a prelude to their possible entry to WTO, prices of domestic goods starts to decrease thereby creating a force for the inflation rate to decline since 2003 (Indexmundi.com 2007a: 1). In 2004, the inflation rate was equivalent to 13.7 percent while it reached 11.5 percent in 2005 (Indexmundi.com 2007c: 1). Though it increased again to 12.7 percent in 2006, inflation rate still managed to continue its good performance in 2007 by reaching 9.8 percent as the policies on regional monopolies and trade regulation of the Russian government starts to work on their economic system to stabilize the domestic prices of goods and services (Russiatoday.ru 2007: 1). Unemployment Rate As the number of job opportunities in Russia continues to increase for the past years plus the effort of the Russian government to attract more foreign investors to their economy, unemployment rate starts to decline since 2004 with 8.5 percent unemployment rate. By the start of 2005, the Russian government already felt the positive impact of their rigorous action to provide more job opportunities to the Russian labor pool which resulted to the further deterioration of unemployment rate from 8.5 percent of 2004 to 8.3 percent of 2005 and then from 7.6 percent in 2006 to 6.6 percent of 2007 (Indexmundi.com 2007b: 1). This only means that the Russian government has been successful for the past four years in combating the unemployment rate of their country which could further contribute to their impressive economic growth in the next coming years. Interest Rates One of the most concerns of foreign investors, interest rate on borrowing in Russia exhibits good investment condition as it continues to decreases annually due to the stable financial sector of Russia for the past years after the financial crisis in 1998. The loan rate or the interest rate on borrowing on Russia in 2004 was equal to 11.4 percent and decreased to 10.7 percent by 2005 as the Russian government started to implement economic reforms on their financial institutions in order to make their economy more attractive to foreign investors. As a result, with the stable financial sector and fiscal policies to attract more foreign investors, interest rate on borrowing continues to decline from 10.4 percent in 2006 to 10 percent in 2007 with accordance to Ordinance No. 1660 dated in February 17, 2006 (The Central Bank of the Russian Federation 2005: 1). Economic Strengths and Weaknesses Based from the given performance of Russia’s major economic indicators, it is clear that the business environment in Russia is very much attractive and provides a better outlook in the next couple of years. Like for instance, the impressive growth of their GDP, it only signifies how active is the domestic consumption and investment level in the Russian economy and gives the investors a bird’s eye view of the possible return to investment that the Russian economy could give to them. Moreover, despite of the fact that there were some periods wherein the Russian economy performs badly, but the point is, with the proper action of the Russian government, almost all of the economic problems was resolved and put the market back into its equilibrium condition. Another example of the strengths of the Russian economy would be the cheap borrowing in Russia as their interest rate on borrowing continues to declines for the past years in order to attract more foreign investors to their economy. This would provide further improvements on the investment sector of the Russian economy plus the possibility of increase in the number of job opportunities for the Russian labor pool. As a result, economic activity in Russia is expected to boost alongside with the improvement in the investment and labor sector of the economy. Most of the time, investors prefer countries that can offer cheaper loans in order to finance their business expansion especially those multinational companies that aggressively finds more countries which could give them competitive advantage either in a form of cheaper labor, loans, technologies, favorable government subsidies and other factors of production to name a few. Furthermore, the effort of the Russian government to become less dependent on their oil exports in order to attain impressive economic growth by increasing the volume of their non-oil exports goods and services. This would provide an avenue towards the attainment of sustainable growth on their trade balance. The fact that the Russian oil exports already provides large chunk on the total GDP of the country plus the improvement on the volume of their non-oil exports reflects the increasing trend of their trade balance for the past years. Maybe this is one of the results of attracting more foreign investors in Russia which establishes manufacturing plants in Russia and then export the finished products to the international markets. The last but not the least strength of the Russian economy would be the increase in the number of job opportunities for their labor sector. This provides enough room for the Russian consumers to have more disposable income which reflects to the increasing domestic consumption of their consumers in the recent years. As a result of the increase in disposable income of the consumers, domestic investment becomes more profitable thereby attracting domestic investors to establish or expand their business. At the end of the day, both the foreign and domestic investors in Russia works hand in hand in order to utilize the Russian labor sector; while on the other hand, it also provides an avenue towards the improvement per capita income of the Russians. One of the major weaknesses of the Russian economy would be the dependence on the foreign direct investments which could cause major damages on their economic stability once the financial sector in Russia becomes unsuitable to foreign investment. What the Russian government should do is to intensify their domestic investments in order to provide enough room for their domestic investors to utilize the improvement made the foreign investors on the economic environment in Russia through rapid expansion and regulation of regional monopolies in order for other domestic investors to enter various industries. Evaluation of the Government Policy The Ordinance No. 1660 which provides the further decrease of the interest rate on borrowing since 2006 serves to be one of the effective policies of the Russian government in order to make the Russian economy more attractive to foreign investors. Furthermore, this policy only provides an impression to the foreign market how stable the Russian financial sector is since they manage to offer lower interest rates on borrowing to foreign investors. The Russian government is very much confident that they can sustain such policy since they possesses large amount of foreign reserves that can easily be liquidated in case of money shortages in the economy (Ignatiev 2007: 1-2). The bilateral market access agreement with the United States as a prelude to their possible entry to WTO of Russia is also a good policy in further improving the stability of the Russian economy since this provides an avenue towards the attainment of lower inflation rate in the domestic market as cheaper goods from other country starts to enter Russia. At the end of the day, the domestic prices of goods and services in Russian domestic market, especially those from the regional monopolies, would be forced to lower down their prices in order to compete to imported products coming from other countries thereby creating enough room for the inflation rate of Russia to depreciate for the past year. Works Cited Alcarastore.com (2008). Russia GDP PPP and GDP Growth Rates 2003-2007 [online]. Available: http://www.alacrastore.com/country-snapshot/Russia. [Accessed 2 April 2008]. Ignatiev, Sergey (2007). The Macroeconomic Situation and Monetary Policy in Russia [online]. Available: http://www.bis.org/review/r070608d.pdf [Accessed 2 April 2008]. Indexmundi.com (2007a). Russian Economy Profile 2007 [online]. Available: http://www.indexmundi.com/russia/economy_profile.html [Accessed 2 April 2008]. Indexmundi.com (2007b). Russia Unemployment Rate [online]. Available: http://www.indexmundi.com/russia/unemployment_rate.html [Accessed 2 April 2008]. Indexmundi.com (2007c). Russia Inflation Rate (Consumer Prices) [online]. Available: http://www.indexmundi.com/russia/inflation_rate_(consumer_prices).html [Accessed 2 April 2008]. Russiatoday.ru (2007). Russia to miss 2007 inflation target: Economic Minister [online]. Available: http://www.russiatoday.ru/business/news/15319 [Accessed 2 April 2008]. The Central Bank of the Russian Federation (2005). Interest Rates in 2004 [online]. Available: http://www.cbr.ru/eng/statistics/credit_statistics/print.asp?file=interest_rates_04_e.htm [Accessed 2 April 2008]. The Federal State Statistics Office Service (2007). Foreign Trade of the Russian Federation [online]. Available: http://www.gks.ru/free_doc/2007/b07_12/25-02.htm [Accessed 2 April 2008]. Traveldocs.com (2008). Russian Federation: Economy [online]. Available: http://www.traveldocs.com/ru/economy.htm [Accessed 2 April 2008]. Â  

Who Was the First Chemist

The first known chemist was a woman. A Mesopotamian cuneiform tablet from the second millennium B.C. describes Tapputi, a perfumer  and palace overseer who distilled the essences of flowers and other aromatic materials, filtered them, added water and returned them to the still several times until she got just what she wanted. This is also the first known reference to the process of distillation and the first recorded still.

Emily Dickenson And The Theme Of Death Essay - 604 Words

Emily Dickinson And the Theme of Death nbsp;nbsp;nbsp;nbsp;nbsp;Emily Dickenson, an unconventional 19th century poet, used death as the theme for many of her poems. Dickensons poems offer a creative and refreshingly different perspective on death and its effects on others. In Dickensons poems, death is often personified, and is also assigned to personalities far different from the traditional quot;horror moviequot; roles. Dickenson also combines imaginative diction with vivid imagery to create astonishingly powerful poems. nbsp;nbsp;nbsp;nbsp;nbsp;In the 1862 poem, After Great pain, a formal feeling comes--, Emily Dickenson presents death from the perspective of the bereaved. This poem is written in the third†¦show more content†¦Dickenson also excellently portrays the restlessness of the mourners in this following passage: nbsp;nbsp;nbsp;nbsp;nbsp;quot;The Feet, mechanical, go round-- nbsp;nbsp;nbsp;nbsp;nbsp;Of Ground, or Air, or Ought--quot; Describing the feet as quot;mechanicalquot; shows the agitation and displacement of the mourners. Also, in the next line, quot;Oughtquot; most closely means quot;Emptiness.quot; Dickenson artistically shows us how the mourners are dealing with their loss in this next passage: nbsp;nbsp;nbsp;nbsp;nbsp;quot;A Wooden way nbsp;nbsp;nbsp;nbsp;nbsp;Regardless grown, nbsp;nbsp;nbsp;nbsp;nbsp;A Quartz contentment, like a stone--quot; To deal with their loss, the mourners have separated themselves from the rest of the world. Their reaction to this catastrophe has become one of denial, causing each to develop quot;A...contentment, like a stone--.quot; nbsp;nbsp;nbsp;nbsp;nbsp;quot;Because I could not stop for death--,quot; another famous Emily Dickenson poem, renders a highly unusual personification of death. At first, it seems odd that Dickenson capitalizes quot;Deathquot; as if it were a proper name. However, Death is described as a cordial and polite man throughout the poem, in sharp contrast with the traditional quot;grim reaperquot; bit. This next passage illustrates the difference between Dickensons Death and deaths traditional role:Show MoreRelatedAnalysis of Themes the Tenets of Romanticism Within Poetry1587 Words   |  7 PagesAnalysis of Themes the Tenets of Romanticism within Poetry The romantic period in literature started in roughly the 1790s and ended around the 1830s. This was a period when people’s imagination and love for nature flourished, prospered and then sky-rocketed. 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