Dining Plan Proposal Free Essays

Project 2 – Drexel Dining Plan Proposal As a freshmen and an international student at Drexel University, most of my free time is taken up in becoming accustomed to a new country, a new city, and to the culture of Drexel University. Despite attending an International private school back in Delhi and despite having traveled the world, it is only normal that I find the transition from living back home to living at Drexel University, a difficult one. Getting familiar with the system of being a college student in general is an added struggle. We will write a custom essay sample on Dining Plan Proposal or any similar topic only for you Order Now And at first though, most non-vegetarians may not take this into consideration due to a plentiful amount of non-vegetarian food available, but I can tell you from personal experience, food is one of the main factors contributing to homesickness. The day -to-day food available on Drexel’s campus is not varied or appetizing enough for vegetarians, especially international vegetarian students. Each student who purchases the meal plan can dine at certain designated locations on campus. The available dining options on the Drexel University campus consist of the following: a mini cafe in the main building, Ross Commons Take 3, Creese Cafe, Chick-fil-a, Currito, Subway, Kelly Deli, Southern Tsunami Sushi, and Starbucks. This may sounds like many options, but that does not overlook quality, or the fact that vegetarians may not have as many options as those who eat meat. As Drexel has ascended in its rankings, so have the number of students from different states and different countries. This year itself, the percentage of international students at Drexel University went up about twenty-eight percent and is expected to grow next year. (Facts and Figures) A student that purchases any meal plans spends an average amount of around five thousand two hundred dollars throughout his or her university education. A relatively large percentage of these students, whether from the states or international students, are vegetarian as one of the most frequently asked questions on Drexel’s dining website. Drexel Campus Dining) I myself know up to ten vegetarians in the freshmen year itself. The number one complaint I tend to hear, or coincidentally eavesdrop on, in the dining center is about the food. According to my survey these complaints are usually voiced by international students and sometimes by vegetarian, American citizens. I also concluded from my survey that those who dislike the food and live nearby do not feel the need to complain as homemade food and favorite re staurant visits with the parents are just a train ride away. I summarized my issues with the available dining service at Drexel by carrying out confidential surveys of a sample of students who eat at the Handschumacher Dining Center. Of course my survey was favorably given out to international students and it consisted of open-ended questions that cover a few valid issues I personally wanted to know more about. On an average, the survey revealed international students dissatisfaction with the amount of vegetarian or vegan food available at the Drexel dining locations. Although the survey revealed complaints students had about the staff, quality of food, and such, I chose to concentrate on the vegetarian food options. Students explicitly expressed their concern with the fact that vegan food was often confused with vegetarian food. A few students stated their issue with days where more of a variety of vegetarian food was made and other days where more vegan food was made, always more options of one over the other. Of course, non-vegetarian food always seems to be plentifully available. One student wrote on her survey, â€Å" although there is a pasta station that is vegetarian on the whole, the options are very limited. Vegetarians at the dining center can only eat pasta, on certain days very bland vegan wraps are available, and French fries, and the same vegetarian fried rice. â€Å" Another student said, â€Å" the passport section hardly ever has vegetarian or vegan food, which is sad because so many international students are vegetarian and we have to make do with salad and pasta every single day. To this I would like to add an observation I made at the Dining Center and Subway: most of the times, the staff uses the same gloves to touch vegetarian food as they do meat. This is very disturbing to me as I am vegetarian for religious reasons and cannot technically even have meat touched to my food. When I asked students about the other Dining options, Starbucks and the cafe in the main building were immediately opted out of consideration as â€Å"dining. † This leaves the unhealthy options of Ross Commons cheese Pizza and Chick-Fil-A fries. Two other options are Creese and Subway. The two of these are relatively healthier options, but again Subway has only one veggie patty. And Creese Cafe serves only two to three options for vegetarian paninis. But out of all the times I have been to Creese, they are out of one ingredient or the other, which limits the vegetarian options further. For example, when I asked for the Capri panini at Creese, I was told they were out of basil and hence, could not make that panini for me. Out of all the dining options Currito landed up being a favorite for vegetarians on my survey because of its many vegetarian varieties. Even though Currito is one stall that serves good vegetarian options, what about the rest? Vegetarian students I surveyed unanimously agree upon the conclusion that there is not enough variety out of the entire dining service on campus for vegetarian students. It think it is safe to say that a certain percentage of Drexel University students is dissatisfied with the vegetarian dining options on campus. I know I am. Yet, these students are paying for the dining services the same price as any non-vegetarian student. I propose a solution, or many solutions. Firstly, I think the staff should be educated on how to handle food for vegetarian or vegan students. For example, they should start with using different gloves and utensils for meat. Second, I believe the dining hall would be a good start for more vegetarian options as hundreds of students dine here each day. For example, the staff can make sure they do not compromise on the food for vegans or vegetarians. Both these categories should have a plentiful amount. Also, the passport section that serves international food can make sure they have one vegetarian alternative to each non-vegetarian dish they make. And the Asian food section can start searching into more feasible Asian recipes for both vegans and vegetarians. Coming to the options besides the dining center, it may be difficult to open more dining options on campus, so instead each service can find ways to increase its creativity and variety with vegetarian food. Currito can find more than just tofu to substitute meat, or they can cook the tofu in different ways and serve it. Chick-fil-A can look into making breakfast sandwiches. Subway can create more than just the veggie patty, or it can give more vegetable options to choose from. Ross Commons can start serving pizza with diverse vegetarian toppings. Such minor changes may go a long way. This idea may seem new, but it has been done before. Every time a fast food chain opens in different countries, it is altered to cater to the taste and customers of that country. I feel like Drexel should look into doing the same with its chains opened on campus as Drexel is an international University and the vegetarian population deserves first-rate food. (Vegetarian Subs Different Countries, Different McDonalds) (A Picture of other Asian recipes that can be made) How to cite Dining Plan Proposal, Essay examples

Collectively Management Accounting Responsive Decision Making

Question: Discuss about the Collectively Management Accounting for Responsive Decision Making. Answer: Introduction Management accounting is used by the members of the organisation for the purpose of decision making at various levels of management so that management can exercise its control over costs as well as regulate the use of its resources and reduce their wastage, to reap its benefits in the long term. Management accounting might not be legally binding like financial accounting but its increasing popularity in the management world has helped it climb through various ladders of success. Management accounting is a process which uses varied techniques like budgetary control, marginal costing and standard costing and processes the data furnished by these techniques via communication, and hence leaving no ambiguity in setting standards for the employees and therefore motivating them to achieve the desired results. The report gives the understanding of management accounting and its importance in the Victor Reactor Inc. Management accounting Management accounting as a part of process of management focuses on the aspects of an organisation which adds value to its processes by achieving the effective utilization of resources of an organization in dynamic, flexible and in context to competitiveness within and outside the organization. It comprises of both accounting of costs and measurement of performance. It contains all the data which is collected to help in arriving at the decision to be made in production. Importance of management accounting in manufacturing entity For a manufacturing entity, firstly it provides the relevant Information for making decision related to production and aids in planning the manufacturing process, secondly it assists the management in formulating operational activities, thirdly it synchronizes and motivates the managers and other employees towards achievement of organizational goals, fourthly it helps in measuring the performance of activities, managers and employees within the organization and lastly it assess the companys competitive position and provides direction to managers in achieving competitiveness for long run in the Industry. Differences between management accounting and financial accounting Point of difference Management accounting Financial Accounting Users It provides information only for the internal users i.e. management and employees It provides information for both internal and external users i.e. stakeholders Purpose To provide information to management in order to facilitate decision making To draft financial statements to users.` Accuracy of information It provides with a set of estimated data based on certain assumptions It provides accurate data Obligation to prepare It is not obliged by law and conducted to facilitate decision making Preparation of financial accounting reports are mandated by law Frequency of preparation Depends upon the request of management These reports are prepared periodically Confidentiality of information The results of managerial accounting comprise information that is confidential and purposed to be used within the entity. These contain information that is purposed to be public in nature Classifications of costs (types, behaviour, function and relevance) with examples. Classification of costs in terms of types Direct costs: These are the costs which are incurred for the benefit of one specific cost object. This type of cost is directly traceable to a product, service or department. Examples of direct costs are material cost and labour costs. Indirect costs: These are the costs which are incurred for the benefit of more than one cost objects. This type of cost cannot be directly traceable to a product, service or department. These are also known as overheads cost. Examples of indirect costs are: electricity, maintenance costs, rent etc which are benefiting two or more departments or products/services. Classification of costs in terms of behaviour Cost behaviour means how a cost will change with changes in the level of manufacturing activity. Following are the types: Fixed Costs: These are the costs which in total will remain the constant for a specific period of time and over a relevant range of output of production. Fixed costs per unit keeps on declining as the production output increases. Examples of fixed costs are: Rent, rates, insurance and depreciation etc. Variable Costs: These are the costs which in total will tend to change as the output varies. These costs are directly proportional to volume of production. Variable cost per unit remains constant while the total of variable cost keeps on increasing with the increase in production volume. Examples of variable costs are: direct material cost, direct labour costs etc. Classification of costs in terms of function Classification of costs by function which are categorized in accordance to activity which is performed in each function. All such costs of a manufacturing entity may be classified into manufacturing costs, marketing costs, administrative costs, and financing costs which are defined below: Manufacturing costs: These are the costs which are associated with the production of a product. These are the total of direct materials costs, direct labour costs, and costs of factory overhead. Marketing costs: Theseare the costs which are incurred in advertising, promoting and marketing a product or service which in turn contributes to selling efficiency of the product/service. Administrativecosts: Theseare the costs whichare incurred for administration of several departments within the organization. These includes costs incurred in directing,monitoring,and in conduct of operation ofanentityand also costs likeremuneration paidto managers and employees. Financingcosts: Theseare the costs which are incurred in acquiring funds for the operation of an entity. This primarily comprises the interest costs which the company pays on acquired funds. It also includes the cost of credit which is extended by an entity to its customers Classification of costs in terms of relevance Classification of costs in terms of its relevance to planning, monitoring, and contribution to decision-making can be briefly illustrated as below: Relevant costs: These are the costs which serve as a pertinent factor in making a relative decision. A cost is relevant for the decision if the cost in question is respondent to the decision under consideration. These costs are appropriate to a specific management decision. These costs are estimated future costs and differ under alternative course of action for a specific decision. A relevant cost can be fixed or variable in nature. For example: Suppose for a company which is in a process to decide on production of a product either manually or through machines, relevant costs would be cost of labour and machine cost respectively. Irrelevant costs: Theseare the costs which are not affected by the actions of management. These costs are called as irrelevant costs as these do not influence the decision of management and hence should not be considered in a decision-making analysis. A good example of such type of cost is sunk costs, these costs are the costs which have already been incurred and are now irrevocable like cost of survey which has already been made to judge if the product has a market in the industry or not. Variance analysis Variance can be termed as a deviation of actual cost from the cost which is set as a standard also known as the standard cost while the standard costing act as a measurement benchmark for determination of variances which helps in evaluating the performances Variance analysis means the process of analysing variances so as to determine the causes behind the deviations. The variances can be favourable or unfavourable, when the actual performance is better than the standard performance, it is termed as a favourable variance and when the actual performance is below the standard performance, we call it a unfavourable variance. The variances are measured broadly keeping in mind the various types of costs and the revenue. On the basis of costs: Variances are measured for the following cost categories: Direct costs i.e. the Direct Material and Direct Labour costs and the Indirect costs i.e. the variable and fixed overheads Direct Material Variances and Direct Labour Variances could occur due to price at which material is procured or the labour is employed and the quantity usage of material and labour in production of the product. Variances measuring the price differences in material and labour costs are termed as Direct Material and Direct labour price variances. While the variances measuring the usage variances in material and labour quantity are termed as Direct Material and labour usage or efficiency variances. While analysing the variances, the commonly measured variances also include labour idle time variance which measures the idle time labour cost deviation from the estimated standard. Similarly to measure the deviation in fixed and variable overhead similar concept is used. Variances measuring the price differences in spending of variable and fixed overheads are termed as Variable and fixed overhead price variances while the variances measuring the efficiency of these overheads are termed as variable and fixed overhead efficiency variances. While the calculation of indirect cost variance is similar to that of direct cost variances, the interpretations of these variances differ. Deviation in sales revenue are interpreted using the sales price variance which measures the deviation in actual and standard price of the product and the sales volume variance which measures the deviation in actual and standard volume of the product sold. Problems and limitations that need to be kept in mind while conducting a variance analysis. While the variance indicates the deviations from a standard which is an expected estimate, it does not indicate management on what actually went wrong. There could be various possible reasons for the occurrence of variances. For instance, an unfavourable direct materials efficiency variance could be a result of poor design of the finished product and/or process of manufacturing, problems associated with the materials supplied in terms quality or availability, carelessness by employees owing to improper training etc. Another factor that further complicates the analysis is the inter-relationship among the variances. For instance, due to purchase of inferior quality of materials, a favourable materials price variance would occur along with an adverse materials efficiency variance. It could also result in an adverse labour efficiency variance as it may slow down workers. Finally, variance analysis tells management if the entity has performed better or worse than the planned performance, but it does not indicate on the intensity of the situation. For example, suppose the material price variance for a material was adverse, it may be possible that if the procurement department had not taken various measures such as placing larger order to curtail the adversity of rising material costs, the situation could have been much worse. Operational budgets and its advantages Budget is a statement formally prepared to set aside the financial resources in conduct of specific activities for a given frame of time. An operational budget is the statement which sets aside the estimated financial resources for various operations in an entity. Following could be the various types of operational budgets: Production Budget: This budget as a control tool helps in providing the details about what should be the quantity of production for a particular and when should the quantity be produced. Since inability to meet customers demand could have adverse impact on revenue while keeping excess inventory would cost an extra carrying cost, so the production budget helps in maintaining the balance. Raw Material Purchase Budget: It states the quantity of raw material to be purchased in order to meet the production needs and the timings on which the prescribed quantity is purchases and also to strike a balance between supply and demand. The Direct Labour Budget: It provides details about the production hours which would be required along with the wage rates commensurate to the skills of the type of labour in order to produce the desired units of output. This will also include all other labour related costs and helps to monitor the efficiency and cost effectiveness of labour cost. The Overhead Budget: It summarizes the cost and timing of overhead expenditure that will be required during a particular frame of time for which the budget is being prepared. This budget will help to control and monitor the spend of various fixed and variable overheads and thus helps in enhancing the profitability of the product. The Cash receipts and disbursement budget: The receipt budget which would depend upon the timing of sales and collection from debtors. It is prepared considering the credit period in case of credit sales while cash is received immediately in case of cash sale, it also considers other sources that may generate cash receipts during the period of budget The disbursement budget like the receipt budget depends upon the timing of purchases and payment to creditors. It is prepared considering the credit period in case of credit purchases while cash is paid immediately in case of cash purchase, it also considers other sources that may require outflow of cash during the period of budget These cash budgets help us determine the expected inflow, outflow and balance of cash and which would further enable the management to determine its cash needs. The Profit Plan or pro-forma income statement and the pro-forma Balance sheet: It provides an indication of the level of income that can be expected while the balance sheet provides managers with an idea of financial position of the entity Other advantages of budgeting Budgeting process with specified business timelines tends managers to focus their attention in operating in a more disciplined and controlled environment. Budgeting enhances important principles of how an entity would communicate and coordinating among various operations and departments of an organization. Budgets provide a roadmap for future actions. Conclusion and Recommendation It can be concluded that collectively management accounting serves as a tool for prompt and responsive decision making, through its various tools and techniques as discussed in the assignment above it helps the senior level of management in decision making. While we classify costs on the basis of our requirement, it can be in terms of their behaviour, relevance or interconnectivity to various operations and departments. Standard costing and Variance analysis further assists in analyzing the results to aid decision making. Budgeting also serves as a control tool which helps the management to further take and compare outputs of variance analysis, it also provides data inputs to conduct variance analysis and estimating the budgeted income position and asset position of the entity. References Ducu C,Enache T,Stefan P, 2016. Managerial Accounting Vs Financial Accounting In The ihttps://fse.tibiscus.ro/anale/Lucrari2010/067.%20Ducu%20Corina.pdf [Accessed 26 Mar. 2016]. Fabozzi, F. and Drake, P. (2009). Capital Markets, Financial Management and Investment Management. New Jersey: John Wiley Sons,p.244-279 Reilly,F. and Brown,K. (2012). Investment Analysis and Portfolio Management. Texas: Reilly Brown,p.315-390 Surani C, 2016, Management Accounting Practices And The Role Of Management Accountant: Evidence From Manufacturing Companies Throughout Yogyakarta, Indonesia ,[online] Available at: https://sibresearch.org/uploads/2/7/9/9/2799227/riber_b13-243_616-626.pdf [Accessed 26 Mar. 2016]. com, 2016. Classification of Manufacturing Costs and Expenses, [online] Available at: https://www.microbuspub.com/pdfs/chapter4.pdf [Accessed 26 Mar. 2016]. Ram,V and Bala,S. 2012, Strategic Financial Management. Chennai: Snow white prime knowledge series, p266-298. Accounting-financial-tax.com, 2016,. Cost Classification All Type , [online] Available at: https://accounting-financial-tax.com/2009/10/cost-classifications-all-types/ [Accessed 26 Mar. 2016]. org, 2016,Standard Costs and Variance Analysis. [online]. Available at: https://www.cmaontario.org/portals/6/Media/CaseExam/Standard%20Cost%20And%20Variance%20Analysis.pdf [Accessed 26 Mar. 2016]. plu.edu, 2016, Operational budget, [online]. Available at: https://community.plu.edu/~mgtacctg/operational_budgeting.htm [Accessed 26 Mar. 2016]. org, 2016, Budgetary control, [online]. Available at: https://www.fao.org/docrep/w4343e/w4343e05.htm [Accessed 26 Mar. 2016]. org, (2016). The Advantage and Disadvantage of Budgeting, [online]. Available at: https://www.bifa.org/library/freight-management/finance/budgeting/the-advantages-and-disadvantages-of-budgeting [Accessed 26 Mar. 2016] Black, F. (1972). Capital market equilibrium with restricted borrowing. Journal of Business, p 344498

Romanesque Architecture vs. Gothic Architecture free essay sample

Whether it was in its distinctive windows, unique exterior and interior designs, or any of the other myriad architectural features, Romanesque and Gothic architecture are identifiable if one can distinguish the two types of styles. It was the age of the development of Romanesque and Gothic Architecture where the battle began to reach greater and higher achievements. During this new development a new task was held that gave a new appreciation for light, during the medieval age many structures were built sheltered and isolated from the world outside.The inside of these buildings would seem dark and on some occasions moldy. With the development of new structures the idea for these new Gothic structures was to make a more pleasant place to be. By allowing higher and grander windows it allowed more light in these usual dark places, it removed many issues with mold and eliminated the use of open doors on raining days. We will write a custom essay sample on Romanesque Architecture vs. Gothic Architecture or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page It was a great achievement for the new structures and it was a feature that remained with them throughout time. However many were not so focused on the idea of an open and airy concept.The Romanesque buildings are known for their straight and boxy appearance. In Roman structures the walls were large and thick and had to create smaller windows as to not weaken to walls with large gaps. The Civic Hall in Massa Marittima, Italy has a very popular boxy appearance, and is limited on large or thick windows. By making these windows lean and tall it allowed for light while maintain a strong and sturdy fortress. It was a trait that allowed for simplicity and convenience for both styles of building and was in time considered the norm for both of their establishments.To consider these fortresses and churches as the norm could be understatement for such ginormous master pieces. With gothic structures it is very easy to identify typical features for these unique buildings, everyone can say the vaulted ceilings and large towers, but it’s the small detail that makes it all flow together. Gargoyles have been apart Gothic structures since the beginning being both practical and intimidating. Originally their use was to sprout out water from the roof tops and to flow them to the street below, but for unreligious citizens it was to motivate them in to the safety of church.With a world filled with fear and superstitions it was the perfect way to lure people into the safety with the stone cold glares. (Morris) By allowing such a positive and protective presence in the center it draws your attention away from the demons above; allowing for an excellent way to attractive its citizens to the safety of insideAlthough in stocking fear was a tactful tool, the Romanesque style of detailed and religious art was also effective. Romanesque buildings wanted to tell stories, similar to Gothic structures, with their buildings to let all citizens see the religious stories chiseled in stone.Many of the buildings had carved in stories that were Biblical in subject and included scenes such as the Creation and the Fall of Man (Notre). The tympanum on Vezelay Abbey, Burgundy, France (Vezelay), is a perfect example to fully grasp the detail and message of Romanesque exterior art. It shows the depictions of people lining up to enter heaven all facing Christ who remains in the center. Both themes were inclined in showing stories about the religion, and both succeeded leaving behind hundreds of tales o f a salvation and resurrection that will forever be marked in stone.In Gothic buildings were built with an attachment of ribbed vaults. Ribbed vaults were the most common vaults used in Gothic structures, with high vaulted ceiling it’s one of its most popular traits in their buildings. An example of these remarkable ceilings can be seen in the Bourges Cathedral in Bourges, France; this memorable Cathedral shows the perfect use of ribbed vaults. These vaulted ceilings were constructed for weight to be distributed throughout the structure and toward the ground, however an almost identical trait followed through Romanesque architecture.It was in ingenious ideas that in time lead to giving both themes an extraordinary way to distribute the buildings weight. However vaulted ceilings were not the only tools that helped support these old buildings. In Gothic structures pointed arches had become a very popular and common trait amongst their buildings. With the Gothic’s pointed arch it allowed for more height development since most of the pressure would return to the ground. The reason in Gothic structures it was common to see such height in their towers, because a majority of the weight was resting on the surface.While in Romanesque arches were rounded, mostly commonly known as a semi-circle arch. A very popular place to see these arches is at the Pont du Gard in Roman Gual. The semi-circle arches allowed for many gallons of water to flow to Rome, with the support of these strong arches it has been able to remain standing even through all these year. It is hard to imagine words to describe these structural themes. These architectural beauties have inspired and entertained millions throughout the world.Sending a message of power and wealth to all who look upon it, with so much alike Romanesque and Gothic will remain different from others and themselves. From the ribbed ceilings, unique window differences, majestic features, and innovative structural results. These great themes will live forever not just in physical form but in our imaginations, fully understanding the art like this cannot just be built over and over again. Bibliography page Notre-Dame De Paris. Notre-Dame De Paris. N. p. , n. d.

Find the Anode and Cathode of a Galvanic Cell

Find the Anode and Cathode of a Galvanic Cell ​Anodes and cathodes are the endpoints or terminals of a device that produces electrical current. Electrical current runs from the positively charged terminal to the negatively charged terminal. The cathode is the terminal that attracts cations, or positive ions. To attract the cations, the terminal must be negatively charged. Electrical current is the amount of charge that passes a fixed point per unit time. The direction of the current flow is the direction in which a positive charge flows. Electrons are negatively charged and move in the opposite direction of the current. In a galvanic cell, the current is produced by connecting an oxidation reaction to a reduction reaction in an electrolyte solution. Oxidation and reduction reactions or redox reactions are chemical reactions involving a transfer of electrons from one atom in the reaction to another. When two different oxidation or reduction reactions are connected electrically, a current is formed. The direction depends on the type of reaction taking place at the terminal.Reduction reactions involve the gain of electrons. Electrons are needed to fuel the reaction and pull these electrons from the electrolyte. Since electrons are attracted to the reduction site and current flows opposite the flow of electrons, current flows away from the reduction site. Since current flows from the cathode to the anode, the reduction site is the cathode.Oxidation reactions involve the loss of electrons. As the reaction progresses, the oxidation terminal loses electrons to the electrolyte. The negative charge moves awa y from the oxidation site. The positive current moves towards the oxidation site, against the flow of electrons. Since current flows to the anode, the oxidation site is the anode of the cell. Keeping Anode and Cathode Straight On a commercial battery, the anode and cathode are clearly marked (- for anode and for cathode). Sometimes only the () terminal is marked. On a battery, the bumpy side is () and the smooth side is (-). If youre setting up a galvanic cell, youll need to keep the redox reaction in mind to identify the electrodes. Anode: positively charged terminal - oxidation reactionCathode: negatively charged terminal - reduction reactionThere are a couple mnemonics that can help you remember the details.To remember the charge: Caions are attracted to the Cahode (the t is a plus sign)To remember which reaction occurs at which terminal: An Ox and Red Cat - Anode Oxidation, Reduction Cathode Remember, the concept of electrical current was defined back before scientists understood the nature of positive and negative charges, so it was set up for the direction a () charge would move. In metals and other conductive materials, its actually the electrons or (-) charges that move. You can think of it as holes of positive charge. In an electrochemical cell, its just as likely cations will move as anions (in fact, both are probably moving at the same time).

Ethical Dilemma Global Business and Emerging Economies Case Study

Ethical Dilemma Global Business and Emerging Economies - Case Study Example The biggest five emerging economies are referred too as the BRICS. The five members of the BRICS are Brazil, Russia, India, China, and South Africa. There is a dark side to the globalization movement. It seems as if ever since this movement began the rich have been getting richer, but the poor are still struggling to survive. The continent that has suffered the most since the start of the movement is Africa particularly the Sub-Saharan region. Most people in Africa are living on income of less than $1 day and they do not have enough money to eat properly everyday. While people in Africa are dying of starvation, the opposite occurs in Western countries such as the United States where there is so much abundance of food that 33.8% of the population suffers from obesity (Cdc, 2011). Developed economies sometimes are at disadvantage in certain aspects such as cost of living. In the United States health costs are skyrocketing, but in many emerging economies healthcare is a universal right and the government pays for all medical costs. In many of these countries there are no applications of patents which helps keep the price of prescription drugs low. Overall the standards of living in developing economies are much higher than in emerging economies. The United Nations should do more in order to transfer the wealth better among the world’s nations. ... ndustries such as the pharmaceutical industry can impose new ethical regulation to raise the bar and make industry concessions to accelerate the process towards redemption to certain patients. For instance the HIV/AIDS epidemic requires the industry to impose a cero profit policy. All drugs and research and development for this disease will be treated as if the corporations were non-profit organizations. All countries across the world will amend their tax codes to provide credits for R&D for HIV/AIDS as well as tax deductions and credits based on distribution quotas for HIV/AIDS medicines. There are other alternative solutions to help alleviate the imbalance distribution of wealth worldwide. A way for the developed nations to directly help emerging economies achieve growth is by a direct transfer of funds. The 54 developed economies of the world will impose a 5% redistribution tax based on the gross domestic product of each country. The money collected from the tax will be distribute d to the emerging countries that fall in the lower 25% percentile of gross domestic product per capital among the emerging economies. The 39 poorest countries in the world will receive the economic incentive from the collection of the tax. Aggressively investing in emerging economies can help improve the standard of living of a lot of people. This strategy seems like a socially responsible tactic, but businesses cannot forget that their goal is to make money. A business person should choose the option that makes more economic sense when implementing international expansion strategies. Investing in a foreign developed economy has a lower risk than investing in an emerging economy. A way to facilitate foreign investment in emerging economies, while at the same minimizing the risk of

Discuss the implications of globalisation for both rich and poor Essay

Discuss the implications of globalisation for both rich and poor countries - Essay Example United Nation Development Program (UNDP) is concerned that inequalities and poverty level have increased in poor countries. UNDP indicates the major cause is global trade and finance system (World Bank, 2000). Another implication of globalization for the rich and the poor countries is that there is increased global protest and chaos. For instance, global trade means that investors from different countries have access to rich or poor countries thus increasing the chances of insecurity and drug trafficking. Security is important to poor and rich countries. While most countries join together to improve trade, in some cases insecurity is experienced. Likewise, illegal transactions have been reported for example importing of guns and elephant trunks which is mostly done by the residents of the countries (David, 2001). Drug trafficking like cocaine among other hard drugs is a threat to the countries residents especially to the youths since in most cases the drugs are sold to the youths thu s making a country lowers the economic status. This is based on the fact that young people support a country with the required output in the factories and in plantations among other areas. The rules and ideologies of globalization are that free trade is allowed, deregulation, privatization and structural adjustment which has left the poor countries residents to be homeless, landless and hungry. Since investors from other countries look for cheap labor, no training when recruiting new resources making the matter worse in poor countries. This means that access to health facilities, education, water, sanitation among other things is not easy thus resulting to negative effects on the productivity in such countries (Pritchett, 1998). On the other hand, the rich countries are not affected but rather they keep on increasing their wealth. For example, from 1986 to 2000, the total US wealth that was controlled by people increased from $7.2 trillion to $27 trillion. This

Defense Budget Cuts Essay Example | Topics and Well Written Essays - 1500 words

Defense Budget Cuts - Essay Example The defense cuts are likely to cause irreparable harm not only on the capabilities of institutions but also to the men and women in uniform. However, compared to education, healthcare and green economy, spending within the military is a deprived basis of creating jobs1. Pollin and Heidi show that $1 billion investment in clean energy, education and healthcare generates between 50 % and 140% more jobs compared to similar amount spent by the pentagon2. Nevertheless, it is impossible to separate concept of economic security from that of national security since they are both dependent on each other because the current threats to US economic and national security are identical3. Therefore, regardless of whether the US remains a super power or not, the country has to invest in military capabilities to respond to these threats. Although maintaining robust defense is essential, the prevailing economic challenges to the US pose a unique challenge to defense budget; hence, the need for the def ense sector to rise to the challenges of the turbulent times. Although many defense experts believe that the defense sector requires extra funding in modernizing its weapons, they mostly fall short of quantifying certain shortfalls with recent comparisons targeting defense budget with regard to the GDP4. With regard to capability, depth and conventional power, the US military remains the dominant force in the world, which is also true to the size of the nation’s defense budget. For instance, the country’s defense spending is 7 times that of the second leading nation; moreover, the US spent 29 times more compared to the 6 rogue states of Cuba, Iran, North Korea, Libya, Syria and Sudan, in addition, US defense budget is greater than the GDP of these nations5. Therefore, it is clear that the US enjoys a substantial advantage in its size of the defense budget owing to the largely technologically advanced military that requires substantial funding.