Trade Relationship between Hong Kong and United States Essay

Trade Relationship between Hong Kong and United States - Essay Example The US removed the quotas on the on textile and apparel imports and besides that an agreement was signed in the year 2007 with the US, which were the Trade and Investment Agreement. The above agreements resulted in the United States becoming one of the major exporting countries for Vietnam and hence, any recessionary activity experienced in the US would have a great affect on Vietnam. The present recession has had a huge impact on Vietnam not only in terms of the fall in FDI levels but also due to the fall in exports and increased competition from the domestic producers of the United States. The trade relationship between Hong Kong and United States has been quite strong as the US has strong economic ties with this country. It has a number of bilateral trade agreements and the US exports to Hong Kong totaled 20. 7 billion while it is also one of the largest investors. Therefore, any recessionary activity would have a great impact on the Hong Kong trade activity and its exports particularly. b) The Hong Kong currency has been pegged to the United States dollar in the year 1939 and since then the currency has been pegged in this manner. It was done so in order to maintain a policy-defined relationship between the domestic currency and the foreign currency. However, the current recession has affected the Hong Kong currency in a deep manner due to this pegged currency as the country has had to sell a total of 7.8 billion Hong Kong dollars in order to maintain the peg. As a result, the monetary authorities have been seeking ways in order to remove this pegged relationship as it has been undermining the domestic currency. Even the recent rise in the Hong Kong's dollar has been due to the speculators betting on the revaluation. The Hong Kong government has had to intervene quite a lot in the recent pas tin order to maintain the peg by injecting huge amounts of the Hong Kong dollar. The pressure has been felt by the local economy in terms of the local inflation and the asset inflation which has created problems for the domestic economy. Therefore, the constant maintenance of the pegged rate is only worsening the situation for the domestic economy and hence, it would be beneficial to remove this method of maintaining a relationship between two nations. c) There are a number of measures which would have to be adopted by Vietnam in the near future for the betterment of its economy. It needs to control the inflation level while at the same time tackling the downward pressure on the currency. The GDP forecasted is amounted to be 6.9 percent which is actually down from the previous value of 7.3 percent of last year. The reasons for this have been the smaller levels of credit expansion and the lower level of consumption growth. Inflation is estimated to be around 23.3 percent while the dong is expected to depreciate slightly in 2008. The current account deficient will be expected to remain negative as well which shows an overall bleak picture of the forecasted economy.

Assignment Example | Topics and Well Written Essays - 250 words - 284

Assignment Example Persing, (2010), explains how to administer drugs when treating respiratory complications. Dosage calculations always follow the rule that; 1 milliliter of a one percent solution will always amount to ten milligrams (10mg) of solute. Drug calculations are imperative to establish the optimal levels of serum sodium, chloride, and potassium. The drugs administered to patients with respiratory complications have differing side effects. Patients must be consulted about existing medical conditions to identify the type of medication to be administered. Normal sodium levels range between 135-145 milliequivalents per liter of blood (mEq/L). Hyponatremia will result if the blood sodium levels are lower than 135mEq/L. Hypernatremia is the condition where the blood sodium level exceeds the 145mEq/L limit. Under both conditions; the cells swell up with excess water resulting in cell damage. Excess sodium can result in high blood pressure while inadequate sodium levels may impair the functioning of nerves and muscles. Normal chloride results range between 96 -106 mEq/L. Hyperchloremia occurs if the chloride level exceeds 106mEq/L, whereas hypochloremia results from extremely low levels (96mEq/L) of chloride. Both conditions result in an electrolyte imbalance within the body to cause an electrolyte disturbance. In addition, the transport of oxygen may also be affected under both conditions. The levels of potassium in the body vary with age. For adults, the levels range between 3.5 to 5.2mEq/L or 3.5 to 5.2 Milli-moles per Liter (mmol/L). High potassium levels result in hyperkalemia whereas low potassium levels result in hypokalemia. Hyperkalemia may lead to an irregular pulse whereby there is sudden collapse if the heartbeat is too slow. Under both conditions, the nervous system becomes slow and affects the efficient functioning of the

Negotiation Strategies and the Ethics in the Movie Essay

Negotiation Strategies and the Ethics in the Movie - Essay Example Nick faces strong opposition from Vermont's Senator Ortolan Finistirre, who defends in the Senate the use a skull and crossed bones in the cigarette packs. However, he does his best even as his son comes to know of his immoral venture. Nick Naylor and his friends use many business strategies to survive in their businesses. Nick Naylor invokes many negotiations in line with his duty some of which are successful while others are not. Among the many strategies that Nick Naylor uses, there are negotiating strategies that are so dominant in the movie (YouTube Web). A negotiation is a process that involves two or more individuals with an aim of work together to formulate agreements about the issues in dispute. A negotiation strategy in this case is a pre-determined approach to achieve a desired goal or objective to potentially find and make an agreement or contract in a negotiation with another party or parties (Moore Web). Negotiation strategies also involve ethics that drive the negotiat ions and dictate relations between the negotiators. This paper will address the various negotiation strategies as used in the movie, thank you for smoking and the ethics of the negotiation strategies that apply in the same movie. ... Subsequently one is supposed to plan the best environment for the negotiations and draw a concrete program for the engagement. This procedure is very fundamental in any negotiation process though it varies from one dispute to another. In some cases it even not possible to follow this procedure subject to the urgency of the matter. However, where time allows, professionalism calls for the adoption of this procedure in negotiation. This way desired results have a guarantee. Planning is indeed, very important in implementing any negotiation strategy. One should prioritize his interests in a negotiation process and rank them accordingly. In addition, one should equip themselves with the knowledge about other negotiators. They should also consider the effect of money in a negotiation process. Then plan factual inquiries carefully and plan money moves based on negotiation objective principles (Cronin-Harris, Web). Indeed, among the many factors that can lead to a failed negotiation strateg y poor planning is very significant. Other factors like failing to pay attention to your opponent, paying too much attention to anchors, caving in too quickly, gloating, and thinking the pie is fixed come in handy to the failure of a negotiation strategy (Stanford Graduate School of Business Web). In the negotiation table, one should adopt given attributes to ensure that the negotiating parties focus on the dispute and you win the dispute. It is very significant that one separates the negotiators from the problem so that they can have an independent focus in addressing the dispute. For a winning situation, a negotiator should put informed emphasis on their interests in the dispute and not necessarily on the positions

Human resources management strategies and the planning process Essay

Human resources management strategies and the planning process - Essay Example The planning of human resource management is very much essential for any organization. This fact is true whether it is expanding or contracting. This idea of planning process of human resource management is carried out form assessment of supply and demand for labour to employee retention. These strategies entirely depend upon the HR plan and upon the overall strategy of the business concerned. The most striking feature of this fact is that these two determinants again are interrelated. On one hand, the HR plan is affected by the overall business strategy and again the overall business strategy largely depends upon the HR plan of the business. Hence, it is evident that all the concepts are likely to be interconnected (Shackleton & Anderson, 1993, p. 5). This paper basically tries to explain these ideas in relation to the HRM strategy and the planning processes of any businesses, whether it is small, medium or large. Planning processes and strategies: Importance of Strategies: Every or ganization, whatever is its size, needs labour power who will work for the organization concerned. An entrepreneur just cannot do all the works alone. Hence, the need for the labour force is an essential concept. The question then arises that how an entrepreneur can hire or recruit people who are willing to work that entrepreneur and at the same time that entrepreneur is willing to hire them (Sharma, 2009, p. 71)? The answer of this question needs a detailed analysis of the theory of hiring process. Another question that is also very much important is that what are planning processes that the business entity or the entrepreneur should follow or adopt when it is either expanding its business or contracting. Again another important fact is that even though a company or business house has a large labour power, it is highly essential to take appropriate measurements or strategies to retain that labour force for a long time (Ijose, n.d. p. 5). Definition: There are two sides of defining the strategic planning for human resources. One is the technical side and the other is the managerial side (Bandt & Haines, 2004, p. 44). The technical side deals with the mathematical and behavioral methods of the process of forecasting the needs of human resource. The managerial side includes the processes of tackling the human resource issues by the decision-makers which are likely to affect the organization. Both these side are actually interconnected and essential for any organization. On one hand, any organization must consider a long term mathematical assessment of the needs of the human resources, and on the other side, the decision-makers must consider those processes which are absolutely necessary for the improvement of the organization (Rothwell & Kazanas, 2003, p. 2). Essentialities: There are many essentialities of proper human resources strategies (Varkkey & Desseler, n.d. p. 79). Firstly, a good human resource strategy must consider the fact that the business needs th at strategy to work in favour of the organization. Secondly, it is essentially a strategy, not an outcome. Hence, appropriateness of the strategy is needed to be forecasted in a proper way (Durbin, 2011, p. 307). It is called a strategy because of the following reasons. The way businesses around the world are increasing their territory, it is highly necessary for any business to consider all the aspects while hiring people, including the policies that are chosen by other organizations. Again businesses are now expanding their range of products and services. They are increasingly trying to reach to diverse consumers around the world. Policies which are well suited for a single product or service might not be sufficient for multiple products. Again a particular product might be produced by another organization, and since that organization is also taking a particular set of policies, hence, it is not at all suitable for this organization to take those similar policies (Rothwell & Kazan

Who wants to be a Millionaire Essay Example | Topics and Well Written Essays - 250 words

Who wants to be a Millionaire - Essay Example It is better to have something than have nothing at all. There is a high possibility that an average person might never have a chance, for instance, to win millions of shillings. To think that the same individual will throw away such a golden chance on uncertain possibility is wishful thinking. No rational human being would take such a risk; but then is life not full of surprises, after all no person knows what is in store for the future. There is a probable possibility that the average individual could also hit the jackpot, and go home very rich if he or she took a little time to take a risk. They say the best things come to those who take risks, and why not take that risk; it might be the real deal breaker after all (Dwijen 22). Other factors may influence an individual’s decision making when it comes to making choices in a lottery game. These are the social-economic factors and demographic factors. Social-economic factors are the economic and social experiences and realities that assist in molding ones attitudes, personality and lifestyle. Examples include education, level of wealth, social awareness and profession (John 34). Demographic factors include the age of an individual, marital status and sex. A person’s level of wealth may influence an individual to take a risk or play safe. If a person is rich, he or she will probably take the risk because he or she will have no setbacks if he or she loses, since he or she has lots of other wealth. On the other hand, individuals with fewer riches will go for the safe deal because that money may be all they possess. An educative individual will go for safe lottery, since it is more rational to do so. Male individuals will take risks while female ind ividuals will play safe; this is because men are risk takers and women not much risk takers. Lastly, the premium attached to guessing is sometime worthy and

FILM APPRECIATION Essay Example | Topics and Well Written Essays - 1750 words

FILM APPRECIATION - Essay Example The very facets that are used to rule society are a reflection of that dominant society’s social views and behaviors. What are ruling ideas and how do they coincide with ideology? Ruling ideas like individualism, honor, competitiveness, and duality mirror the idealized perceptions of the current dominant class in any given time period. This is important because it reveals the power that that class holds over society, thus enabling a governing body to manipulate them. Marx’s definition of ideology is the idea that can be used to manipulate society. Why does Marx and Engel focus on the bourgeois class? The bourgeois class holds power, which is a subsidiary of wealth, education and exposure to a variety of elements in the real world. Their ideas are key over the lower class because they are the ones who directly or indirectly shape society the most. What is â€Å"Ideology and Ideological State Apparatuses†? An essay written by Louis Althusser that depicts ideology a s a fortifying notion that encourages people to succumb to a state of oppression through their invented identify of themselves vs. who they are in reality based on â€Å"experience, consciousness, and subjectivity† (2). ... A school established in Frankfurt, Germany in 1923 whose theorists construed that cultural artifacts maintained the connection between mass culture and its realistic view on life in an industrial society. How does Walter Benjamin’s believes differ from Marx and Althusser? How has film supported his viewpoint? Benjamin says that mass culture has the ability to judge itself and they will if given the proper tools. Film creates flash images, or a rush of pictures that equate to self-analysis like reflections in sports by fans (Frankfurt 4). More members of society have access to film over high art and film makes it easier to analyze societal behavior. How is ideology applied to films like Rambo? Labels and stereotypes that ideology envelops in specific cultures can be mimicked or imitated in films. For example, Rambo (although fictional) portrays society’s real issues of sexism, racism and militarism. It acts like a mirror, like a checklist. The film represents the listed problems of society by portraying women as whores and a black man as â€Å"evil† because he combats Rambo (Reading 2-3). This is what ideology is, a reflection of the mass culture in reality. Psychoanalysis http://www.filmreference.com/encyclopedia/Independent-Film-Road- Movies/Psychoanalysis.html 10 Questions What is psychoanalysis and who founded it? Psychoanalysis is a term coined by Sigmund Freud and Josef Breuer that refers to the study of the unconscious part of the human mind. If the unconscious exists then that correlates with the fact that humans are restricted in their self-awareness. People are not in complete control of their thoughts and emotions. Dreaming is a product of the unconscious mind, but how does it relate to psychoanalysis? In what text did it first

HEALTH LAW AND ETHICS Essay Example | Topics and Well Written Essays - 250 words - 5

HEALTH LAW AND ETHICS - Essay Example ve of creating expertise and providing information and tools, which are necessary in preventing diseases and injuries, promoting health and preparing for disease outbreaks. Moreover, as an individual provider, CDC conducts ethical research through sound science, which ensures that public health goals are, met (Bascetta 12). The organizational and community effects of CDC are based on collaborating with various partners on both national and international levels. By collaborating with various partners, CDC’s aims at monitoring public health through; conducting research to prevent the spread of new health problems, developing and supporting sound and ethical, public health policies, implementing health prevention strategies and promoting healthy behaviors. The information that is attained through research by CDC is to benefit the community, as opposed to the organization. In other words, CDC has prioritized the community’s public health, instead of prioritizing its economic gains. Additionally, CDC’s organizational and community effects, entail deriving public health decisions from high quality scientific data. In essence, CDC’s research data are objective and ethical (Bascetta