How Globalization Affects My Country - 988 Words

I will graduate this spring, after three years at Union College, and I am looking forward to extending and developing my academic interests in international economics, which is the area of specialty I have concentrated on, in my coursework and research during my undergraduate study. With the experience of growing up in China, I want to explore more about how globalization affects my country. I am currently working on my economics senior thesis – using a macroeconometric model of the Chinese economy to examine how increasing consumption, as a ratio of GDP (C/Y), increases China’s real GDP in a series of short-run steps spread over a number of years. In particular, I am interested in extending my senior thesis to investigate the possibility of duplicating China’s rapid economic growth in other developing countries, especially in East Asian. My interest in International Economics, led me to apply to the Seward Fellows program – an honors program at Union Coll ege – and as part of that program I designed an independent theme minor to analyze China’s trade. Since I applied to graduate one year early when I was a sophomore, I chose to compress my two-term Seward project in six weeks in the summer of second year. My Seward project was to investigate the behaviors of the yuan-USD exchange rate in the past ten years. After evaluating the growth rate of the ratio of China’s foreign reserves over imports from 2005 to 2014, I noticed that the year of 2009 was a turning point; beforeShow MoreRelatedGlobalization and Lower Living Standards for Americans Essay example1364 Words   |  6 PagesKofi Annan, a UN diplomat, once said,â€Å"...that arguing against globalization is like arguing against the laws of gravity.† He is undoubtedly correct in this assessment. Indeed, globalization is no longer something to be skeptical of, it is very real and is changing our world exponentially. The affects of globalization, h owever, continue to be a heated topic for debate. Proponents praise the overall economic lift provided by free trade, the diffusion of cultures, and the spread of democracyRead MoreNegative Impact Of Globalization And Capitalism1278 Words   |  6 PagesGlobalization and capitalism are two systems that greatly influence our world on a political and economical scale. Globalization processes businesses and corporations internationally while capitalism handles the money, ownership, and trades that globalization operates. However, capitalism is often seen as a negative political system and thus I will argue that capitalism negatively affects globalization. But to understand why capitalism has a negative effect on capitalism, it is important to understandRead MoreEffects Of Globalization On Development And Globalization Essay1229 Words   |  5 PagesEffects of Globalization on Development Globalization is a term that is used everyday to explain the expansion of product and cultures all around the world. Globalization can be argued that it either helps or hinders development. Globalization can be looked at on many dimensions. Ecological globalization is one point of view. This can be described as the influences on the environment.   The environment has always been a global issue, but it is not necessarily a part of globality (Steger, 87). AnotherRead MoreGlobalization : A Way Short Introduction928 Words   |  4 PagesThe Book Globalization: A way short Introduction by Manfred B. Steger was a great book. Out of all the books I have to read for classes and etc. this one was one of the best reads. I learned so many things that I never have thought about in globalization. Generally people just know it as spreading one’s ideals into the world. But after reading this book I was able to really learn about the effects and consequences of the globalization. I also le arned that globalization really affects everyone aroundRead MoreEssay on Going Global Presentation965 Words   |  4 PagesThe question of whether the globalization is a myth or reality is easily answered to my mind: it is definitely a reality. But to what extend can we call it a reality? In my presentation I’ll disclose the term of globalization, cover the spheres in which globalization can be applied and dwell on the advantages and disadvantages of it. Finally I’ll come to the conclusion that globalization is an inevitable and developing phenomenon which requires citizens of all countries to find the right balance betweenRead MoreThe Political Of Political Globalization938 Words   |  4 PagesGlobalization refers to the â€Å"process of interaction and integration among the people, companies, and government of different nations†. Globalization can be broken into three parts: economic, political, and cultural. This essay will be focusing in the political p art of globalization. When it comes to the topic political globalization, we tend to think of countries coming together to discuss global issues that are affecting every single individual in this world. Indeed, it is true, political globalizationRead MoreGlobalization in Thai1612 Words   |  7 PagesGlobalization in Thailand Nowadays, many countries around the world have established gradually closer contact, which is the result of unprecedented changes in communications, multinational company, transportation, and deregulation market. This phenomenon is known as globalization. Globalization causes changes in cultures, economies, laws, migrations, and politics across the globe. There are many people from the West who know Eastern culture. For example, Asians use chopsticks to eat and bowing isRead MoreThe Drawbacks Of Globalization920 Words   |  4 Pageslove it. Globalization. Has its benefits and has its drawbacks. Do the benefits overturn the drawbacks? Benefits include the spread of new culture, jobs, diversity, as well as careers. It improves the global economy, expands knowledge of foreign cultures, and free trade equals a happy economy. Drawbacks of globalization include, taking jobs away from locals, people move country to country wherever they can make the most money and leave the poorer countri es which in turn makes the poor countries poorerRead MoreNations Should Promote Localization, Not Globalization Essay1590 Words   |  7 Pagesthe precise costs and benefits of both globalization and localization can be difficult. The difficult part is deciding which has the most beneficial or disturbing affect upon a country. If a country implements either theory - the outcomes will vary depending on the actions taken to implement them. Granted if the wrong concept is attempted in the wrong country, the affects it will have in the long run can be extremely harmful to the citizens of the country and all of its aspects. And in the otherRead MoreThomas Friedman’S Introduction Started With A Brief History876 Words   |  4 Pages Thomas Friedman’s introduction started with a brief history of how we found out that the world is round. He then went from talking about the 1400s to the present time and finished his paragraph with â€Å"The world is flat.† (Pg.33). Obviously, we all know that the world is round, so this caught my attention because I wanted to understand what he was about to explain. He spoke about how technology and globalization changed people’s lives and many people didn’t realize it. His first two paragraphs were

Effective Financial Policy and Procedures Free Essays

Effective Financial Policies And Procedures Effective Financial Policies and Procedures Medical practices establish financial policies and procedures to control patient billing and the ability to collect money for services they provide. Successful billing practices start with thorough financial policies and procedures which explain patients’ payment responsibilities in terms that are easily understood. An effective medical office financial policy is one that both staff members and practice patients can easily follow and understand. We will write a custom essay sample on Effective Financial Policy and Procedures or any similar topic only for you Order Now Patients need to understand their obligations and staff members need to know what is expected of the patients. All possible situations should be addressed by a good financial policy. This includes financial arrangements and payment plans, payments for services not covered by the insurance company, and a variety of other circumstances. The basic elements of an effective policy should inform patients how particular situations will be handled. Collection of a patient’s copayment, deductibles and any past-due balances should be addressed; as should payment for services that are not covered by a patient’s insurance company. An effective policy should address how a practice handles prepayment for services they will provide and also any possibility for payment arrangements of unpaid balances on a patient’s account. If a practice offers charity care or discounts to patients with low incomes/financial need it should be stated in the financial policy. Finally, a practice’s financial policy should state their accepted forms of payment such as cash, checks, money orders, and credit or debit cards. Clear medical office procedures that are consistently followed by staff members help support the office’s financial policy. When administrative staff members collect appropriate copayments and other fees as stated in the financial policy, they are helping to support the policy. When staff members become lax in their collection duties and neglect to follow established office†¦ How to cite Effective Financial Policy and Procedures, Essay examples

Strategic Sustainable Accounting Management-Myassignmenthelp.Com

Question: Discuss About The Strategic Sustainable Accounting Management? Answer: Introduction Premier investment is a retail fashion chain business. The company sells clothes of various renowned brands like jay jayas, jacqile etc. worldwide. In 2016 the sale of the company was increased to AUD $ 1 Billion which should that the company has a lot more scope to grow in the target market, just need the right marketing strategy. Further the report identifies various social and environmental concerns related to the company premier investments. It defines the business sustainability and ethical sourcing objectives of the company and its measures as well. Sustainable and ethical objective of premier investments Business sustainability refers to the scheme of looking forward, under which the company plans to amend changes in the system of the business in order to make the future secure; along with achievement of growth of the company. Ethical sourcing refers to the process of sourcing the products in a safe way. The product and services sourced are obtained in a sustainable manner. Further the business sustainability objectives, its measures and ethical sourcing objectives and measures of Premier Investments are discussed below: Dimensions Objective Possible Performance Measures Business sustainability Maintenance of Corporate Social Responsibility Manage stakeholders interest Reduce wasting of resource Although both the terms CRS and sustainability differ from each other but their motto is same. CSR refers to the process of looking back the activities done by the company in an accounting year. It is asset of standards which every company has to follow and also they are liable to pay tax (Nandakumar, Ghobadian, O'Regan, 2011). In the company Premier Investments, in order to comply CSR the company shall ensure to plant trees so that the pollutants which the factory emits doesnt dissolve in air. Another way to fulfill CSR is by creating a fund only for perform the CRS activities. Through this the company will assess the amount invested in CRS and can easily check the records as well (Soh, Wilson, 2014). Another aspect which will lead the Premier Investments to success is by safeguarding the interest of stakeholders. The company can maintain their interest firstly by, not harassing the resources given to the company and using them adequate. Another way through which the company shall safeguard the interest of stakeholders is by not doing any wrongful activity and not hiding any crucial information from them. It is the right of the stakeholder to know about the activities of the company so the company shall not perform any wrongful activities which can affect the stakeholders interest. Also the company shall aim to work in long and think about profitability of business (Shen, 2012). There is already lack of resources (that is natural) on earth and if people will misuse it, then there will be resources left for the future generation. So the Premier Investments shall, try to reduce emission of wastage and use of natural resources. The company shall use such resources wisely also it shall find other alternatives to substitute the natural resources Another initiative which the company can take to reduce the wastage is by asking the manager to take strict action against the employees who emit wastage. In this way the wastage of resources can be monitored and reduced (Tanwar, 2013). Gratification of employees program The company shall not use aggressive market techniques Communication of information The company shall make that they do not misuse the interest of employees and provide them good working environment. The company can satisfy the employees in the following ways: Providing them financial and non-financial incentives such as gifts, promotion, motivation, appraisals etc. In this ways the employees will urge to work more for the company as well (Thorne, Ferrell, Ferrell, 2011). Provide safe working conditions and job security, the basic requirement which every employee wants is job security so the company shall provide them job security. The company is a cost efficient company working adequately in its market. But for the purpose of growth the company shall not use techniques to misuse the market capitalization. Two ways through which company shall bind the market regulation are, through giving chance of smaller firms as well to enter in the market and earn profit. Another way is by not misusing the market features for the benefit of only organization. Instead the company shall use such attributes of market to gin benefit for the whole community (Wheelen, Hunger, 2011). The company shall make sure that they supply adequate information internally, to the employees of the company. Also if any information is known which shall be communicated to the customers as well, in that case the company shall also transfer such information to the community on a whole The management of the company shall also take credit to this policy that it shall investigate the internal process of the company and if required process audit program as well. And then communicate mandatory information to the employees of the company and the general public as well (Yuan, 2013). Conclusion Thus in the limelight of the above mentioned events it shall be noted that it is important for a business to practice ethical management in their so as to initiate sustainability of the organization. Thus, it can be said that business sustainability and ethics are two important factors which shall not be ignored by the management during the course of action of the core business activity References Nandakumar, M. K., Ghobadian, A., O'Regan, N. (2011). Generic strategies and performanceevidence from manufacturing firms. International Journal of productivity and performance management, 60(3), 222-251. Shen, B., Wang, Y., Lo, C. K., Shum, M. (2012). The impact of ethical fashion on consumer purchase behavior. Journal of Fashion Marketing and Management: An International Journal, 16(2), 234-245. Soh., B Wilson., J,(2014). Value Investor: A Premier offering., Viewed on August 13, 2017 from https://www.stocksinvalue.com.au/value-investor-premier-offering/ Tanwar, R. (2013). Porters generic competitive strategies. Journal of Business and Management, 15(1), 11-17. Thorne, D. M., Ferrell, O. C., Ferrell, L. (2011). Business and society: A strategic approach to social responsibility and ethics. South-Western Cengage Learning. Wheelen, T. L., Hunger, J. D. (2011). Concepts in strategic management and business policy. Pearson Education India. Yuan, H. (2013). A SWOT analysis of successful construction waste management. Journal of Cleaner Production, 39, 1-8.