The Asian Financial Crisis Of 1997 - 1028 Words

Following the Asian financial crisis of 1997, the IMF bailout provided desperately needed funds to revive South Korea s economy but came with a caveat of strict mandates. The aftermath left sectors of its economy eviscerated, patches of its society dissolved, and sent my family on a plane to the United States. What could have been an otherwise typical American dream narrative for me, however, evolved into a lifelong aspiration toward global affairs. Reaching for a graduate study program is the next appropriate step in realizing my passion. Through what seemed like a disruptive displacement, I adopted the unique identity of a 1.5 generation Korean immigrant; registered the importance of cultural diversity; recognized the glaring differences and subtle nuances in human behaviors, social norms, and historical traditions more organically. Naturally, analyzing the problems in a multifaceted fashion became my biggest forte. After a search of what can best capitalize my skills, I arrived at an undergraduate major in international studies. Taking courses such as Political Economy of East Asia and Global Issues and Institutions helped me understand the circumstances of how I became an economic migrant and how extensive the reach of international monetary policy can be. A field which delves into a complex state of global affairs dovetailed my penchant in exploring an unparalleled gamut of issues and developed the analytic ability. Most of all, this learning process instilled myShow MoreRelated1997 Asian Financial Crisis and Hyundai Motor Corp7129 Words   |  29 PagesOutlook: 16 Asian Financial Crisis: Summary: 17 Recovery: 18 Hyundai Motor Corp Financial Analysis: Introduction: 20 Detailed Financial Analysis: 21 Equity Valuation: 24 Conclusion: 24 Case Solution: Project Valuation: 25 Input Descriptions: 25 Conclusion: 27 Exhibits: Hyundai Motor Corp Financial Statements Read MoreImpact Of The Asian Financial Crisis Of 1997 On The Region s Development1704 Words   |  7 PagesExamine the impact of the Asian Financial Crisis of 1997 on the region’s development â€Å"Since World war II, development has been the most important term used to describe economic, social and political changes in what have come to be known as Third world countries† (Zhang, 2003). The Asian financial crisis of 1997 had a major impact on the regions development as it was the end of the East Asian economic miracle, a time that showed staggering economic growth throughout the Asia Pacific. HoweverRead MoreImpact of the Asian Financial Crisis in 1997 and Effect to Latin America1875 Words   |  8 PagesImpact of the Asian Financial Crisis in 1997 and effect to Latin America Name: Institution: Date: Abstract In 1997, the Asian Financial Crisis spread rapidly all over the Asia and affected almost all the economies in the world. Prior to the Asian Financial Crisis, the Asian countries such as Thailand, Malaysia, South Korea, Indonesia, Hong Kong and Singapore experienced a remarkable growth in the economy that was considered the highest in the world. These Asian economies increased by a notableRead More1997 Asian Financial Crisis4291 Words   |  18 Pages1997 Asian Financial Crisis Angelica M. Montefalcon 4FM2 I. Introduction For about twenty years, East-Asian countries were held up as economic idols. They were hailed as the ideal models for strong economic growth of developing countries because of their high savings and investment rates, autocratic political systems, export-oriented business, restricted domestic markets, government capital allocation, and controlled financial systems. They were even stories about â€Å"The East AsianRead More1997 Asian Financial Crisis4297 Words   |  18 Pages1997 Asian Financial Crisis Angelica M. Montefalcon 4FM2 I. Introduction For about twenty years, East-Asian countries were held up as economic idols. They were hailed as the ideal models for strong economic growth of developing countries because of their high savings and investment rates, autocratic political systems, export-oriented business, restricted domestic markets, government capital allocation, and controlled financial systems. They were even stories about â€Å"The East Asian MiracleRead MoreThe Asian Financial Crisis Of 19972364 Words   |  10 Pagesthe â€Å"Asian Contagion† the East Asian financial crisis of 1997 marked a time in which multiple Asian countries fell into a recession as a result of financialization. Although the East Asian financial crisis affected over ten countries, Thailand’s economy is will first be primarily analyzed prior to the crash because it was the first economy to fall and essentially started the crisis. In retrospect, the complexity of the financial crisis has caused much debate on what actually started the crisis inRead MoreEffects of the Asian Financial Crisis on 19971006 Words   |  4 PagesThe financial crisis in many countries in Asia in 1997-1998 was an unexpected event. It was mainly because most of the Asian countries had been enjoying economic growth prior to the crisis. The crisis itself started with the devaluation of Thailand’s Baht in July 1997. The Thailand government decided to float its currency in order to defend the Baht against speculative attack, despite its fixed exchange rate system. This decision was apparently the beginning of the economic downturn of many AsianRead More1997 Asian Financial Crisis and Hyundai Motor Corp7119 Words   |  29 PagesIndustry Outlook: 16 Asian Financial Crisis: Summary: 17 Recovery: 18 Hyundai Motor Corp Financial Analysis: Introduction: 20 Detailed Financial Analysis: 21 Equity Valuation: 24 Conclusion: 24 Case Solution: Project Valuation: 25 Input Descriptions: 25 Conclusion: 27 Exhibits: Hyundai Motor Corp Financial Statements 29 Bibliography:Read MoreFactors That Caused the 1997 East Asian Financial Crisis1604 Words   |  6 PagesCaused the 1997 East Asia Financial Crisis Discuss the principal factors responsible for the East Asian currency/financial crisis of 1997. In 1997, there occurred certain shifts in expectations from the market. The regional contagion and confidence led to the East Asian financial turmoil. In 1990s, it had been reported that the microeconomic and macroeconomic businesses were not performing as expected. The local and international investors had not held enough grips into the looming financial challengesRead MoreImf As An International Financial Institution Essay1130 Words   |  5 PagesThe 1997-1998 Indonesian Economic Crises. IMF Interventions - Lessons to learn. Introduction. 1997 to1998 saw the East Asian nations of Thailand, Indonesia and South Korea engulfed in an economic and financial crises that nearly collapsed their economies. The IMF was at the center stage to help during these crises. How IMF’s assistance further deepened Indonesia’s economic crises, received heavy criticism from Political, economic and social analyst against IMF s programs and Policies in Developing

1. Describe the basis of feminist criminology. - 877 Words

Feminist criminology emerged out of the realisation that criminology has from its inception centred on men and the crimes they commit. Although it can be argued female criminality was researched by Lombroso, as far back as 1800’s, female crime, it’s causes and the impact in which it had on society was largely ignored by the criminological futurity. Those Criminologist who did attempt to research female crime such as Thomas and Pollak were not only very damning of women but were also very condescending, choosing to stereotype them as either Madonna or whore (Feinman). Law abiding women were described as passive, obedient, chastic, childlike whereas the deviant as aggressive, defiant, sexually impulsive, becomingly adult and even†¦show more content†¦In New York, one of every seven inmates is diagnosed as HIV positive.16 The growing rate of women’s incarceration calls for a critical evaluation of the social impact of our nation’s increasing reliance on correctional facilities to deal with women’s involvement in crime. Increasing arrests for property and public order offenses are partly responsible for women’s incarceration rate outpacing that of men.1 The â€Å"war on drugs,† however, has been most influential in the nationwide expansion of the prison population, having a particularly devastating impact on women over the past 25 years. Women are now more likely than men to serve time for drug offenses and are subject to increasingly punitive law enforcement and sentencing practices,2 despite the fact that women are less likely than men to play a central role in the drug trade.3 Additionally, women’s higher proportion of incarceration for property crimes than men’s reflects the extreme economic disadvantages that many women face prior to incarceration. There is an increasing need for further consideration of the nature of women’s involvement in crime in order to respond appropriately to the personal and structural causes of their criminal behavior rather than rely ing solely on punitive responses. †¢ Women incarcerated in state prisons were less likely than men to have been convicted of a violent offense (35% vs. 53%).4 †¢ Women incarcerated in state prisons were more likely than men to have beenShow MoreRelatedDescribe the Basis of Feminist Criminology1013 Words   |  5 PagesThe Basis Of Feminist Criminology Feminist criminology was created out of the realization that criminology from its beginnings focused on the male criminal and the unlawful acts they committed. When in the fact it could be argued female crime was studied as far back as 1800s, female criminal activity, its causes and the effects in which it placed on public opinion were often disregarded. Over the past 20 years, there has been a significantly different approach in how females are being dealt withRead MoreCrime And Social Control Theory Essay1712 Words   |  7 Pagesprinciple that criminality changes throughout an individuals life â€Å"from onset to persistence to desistance† (Hagan, 2016, p. 173). One of the most prominent theorists for DLC is David Farrington (2003) who determined ten postulations about offending: â€Å"1. Offending prevalence peaks between 15 and 19 years of age. 2. Onset offending peaks between ages 8 and 14, and desistance occurs between ages 20 and 29. 3. Early onset portends long criminal duration and the commission of many offenses. 4. ThereRead MoreEssay on Criminological Theories13456 Words   |  54 Pagesfor Ronald L. Akers and Christine S. Sellers’ Criminological Theories: Introduction, Evaluation, and Applications Fourth Edition Prepared by Eric See Youngstown State University Roxbury Publishing Company Los Angeles, California 1 Student Study Guide by Eric See for Criminological Theories: Introduction, Evaluation, and Application , 4th Edition by Ronald L. Akers and Christine S. Sellers Copyright  © 2004 Roxbury Publishing Company, Los Angeles, California. All rights reservedRead MoreHistorical And Ongoing Construction Of Aboriginal Women1968 Words   |  8 Pages Historical and Ongoing Construction of Aboriginal Women in Canada as a Problem Population Holly Perkins 301041410 Criminology 302 – Critical Criminology November 26, 2014 Instructor: Gregory Simmons Historical and Ongoing Construction of Aboriginal Women in Canada as a Problem Population In August of 2014, Tina Fontaine, a 15-year-old from the Sagkeeng First Nation in Winnipeg, was murdered. Canadian Prime Minister Stephen Harper’s response was not to regard it as a sociologicalRead MoreAn Essay Against Anti - Social Activities Not More Than 350 Words? Read More: Http: //Wiki.Answers.Coan Essay Against Anti Social Activities Not More Than 3505893 Words   |  24 Pageschildrens antisocial behaviour. (Oxford English Dictionary, 1989). Antisocial behaviour is used as a catch-all term to describe anything from noisy neighbours and graffiti to kids hanging out on the street. Indeed, it appears that almost any kind of unpleasant behaviour is now categorised as antisocial, with the behaviour of children and young people most often labelled as such (1). This expresses a growing perception that the laws and customs of society are being undermined by rowdy youngstersRead MoreTheoretical Approaches to Domestic Violence7490 Words   |  30 Pagesviolence/terror or murder. We can see the general definition in the Turkish Dictionary. The word â€Å"Åžiddet† (violence) comes from the Arabic Language to Turkish Language and according to the Turkish Dictionary of the Institution of Turkish Language, violence means: 1. The grade of an action or force, intensity, hardness, 2. Speed: Violence of the wind, 3. Use of brute force against opposite thinking persons, instead of persuading or settling, and 4. Metaphor. Extremene ss about emotions or behavior. According toRead MoreEpekto Ng Polusyon19213 Words   |  77 PagesEthics page: 17-18 Analysis page: 19 Results page: 20-33 Discussion page: 34-37 References page: 38-41 Appendices Appendix 1: The Freedom Programme page: 42 Appendix 2: Stockton Doves page: 43 Appendix 3: Example Questions page: 44 Appendix 4: Information Sheet page: 45 Appendix 5: Consent Form: Study 1 page: 46 Appendix 6: Consent Form: Study 2 page: 47 Appendix 7: Example of transcribed Interview page: 48-55 Abstract Domestic violenceRead MoreJuvenile Delinquency3863 Words   |  16 Pagesmost now industrialized countries, this transition ranged from brief to almost non-existent, it is now a significant part of a persons development. It is known now as adolescence. In fact the popular term teenager, wasn’t coined until the 50’s to describe this new group of people living through adolescence. It is believed that this new, drawn out transition from childhood into adulthood that is common in the western world has left many adolescents in a sort-of limbo where they must seek to defineRead MoreJuvenile Delinquency3872 Words   |  16 Pagesmost now industrialized countries, this transition ranged from brief to almost non-existent, it is now a significant part of a persons development. It is known now as adolescence. In fact the popular term teenager, wasn’t coined until the 50’s to describe this new group of people living through adolescence. It is believed that this new, drawn out transition from childhood into adulthood that is common in the western world has left many adolescents in a sort-of limbo where they must seek to defineRead MorePsychology Ncert Book 1 Chapter Notes11190 Words   |  45 PagesChapter 1 Psy What is Psychology? After reading this chapter, you would be able to †¢ †¢ †¢ †¢ understand the nature and role of psychology in understanding mind and behaviour, state the growth of the discipline, know the different fields of psychology, its relationship with other disciplines, and professions, and appreciate the value of psychology in daily life to help you understand yourself and others better. Contents Introduction What is Psychology? Psychology as a Discipline Psychology as

Setting the Stage for Strategic Compensation and Bases for Pay free essay sample

Describe the three main goals of compensation departments. The three main goals of a compensation department are internal consistency, market competitiveness, and recognition of individual contributions. Internal consistency defines the relative value of each job among all jobs within a company. This ordered set of jobs represents the job structure or hierarchy. Companies rely on a simple, principle for building internally consistent compensation systems. Compensation professionals use job analysis and job evaluation to achieve internal consistency. Job analyses describe content or job duties, worker requirements, and sometimes the job context or working conditions. Based on job evaluation and the firm’s priorities, managers establish pay differentials for virtually all positions within the company (Martocchio, pg. 22, 2011). Market competitiveness plays a significant role in attracting and retaining the most qualified employees. Compensation professionals build market-competitive compensation systems based on the results of market surveys and compensation surveys. A strategic analyses permit business professionals to see where they stand in the market based on external and internal factors (Martocchio, pg. 22, 2011). Recognizing individual contributions helps determine pay structures. Every employee is different and employees don’t do the same job alike. One may have more knowledge or more experience and because of such disparity that is why HR professionals assign pay grades or assign pay grades within pay structures for a job. Companies understand this want to compensate the employee for what they contribute to the job. Pay grades are in ranges that allow for the minimum qualifications to the highest and also allows for incentives when dealing with a prospective employee and their qualifications (Martocchio, pg. 22, 2011). Describe the contextual influence that you believe will pose the greatest challenge and the contextual influence that will pose the least challenge to companies’ competitiveness and explain why. Market influences are the contextual influence that may pose the greatest challenge to a companies’ competitiveness. In a competitive labor market, companies attempt to attract and retain the best individuals for employment partly by offering lucrative wage and benefits packages. Companies that operate in product markets where there is relative little competition from other companies tend to pay higher wages because these companies exhibit substantial profits. Labor unions will pose the least challenge to companies’ competitiveness although a high percentage of civilian workers in both the public and private sectors represented by unions declined steadily to a 12. 4 percent representation since 1983 when the representation rate was 20. 1 percent. Union representation will continue to decline in the future and this decline may be attributed to the reduced influence of unions. Describe when subjective performance evaluations might be better (or more feasible) than objective ratings. Managers rely on objective as well as subjective performance indicators to determine whether an employee will receive a merit increase and the amount of increase warranted. Subjective might be better when supervisors wants to periodically review their employees individual performance. By using subjective performance will help to evaluate how well each worker is accomplishing assigned duties relative to established standards and goals. Objective rating typically defies interpretation: Either an employee was late five times or she wasnt, or he met his widgets-per-hour target or he didnt. For that reason, some employers use purely objective measures for employees who have repetitive or entry-level jobs performance is a function of doing (or not doing) some specific action, or in meeting per-product or per-service productivity total Describe under what conditions profit sharing plans are not likely to motivate employees. Profit sharing plans allow employees to earn financial reward when their company’s profit objective is met. For employees’ who have a lower salary profit sharing is not likely to motivate them, because the amount distributed to each employee may be weighted by the employees base salary. The employees’ with higher base salaries receive a slightly higher amount of the shared pool of profits. Because the company profits vary from year to year, so do employees’ earnings. This will make difficult for employees’ to predict their earnings, which will affect their savings and buying behavior. Employees find that profit sharing plans are not likely to motivate them because they do not see a direct link between their efforts and corporate profits. Employees may be given a range of investment choices for their accounts, including stocks or mutual funds. Since the company have to decide to match a certain percentage of such contributions. In addition, many 401(k) accounts have provisions that enable employees to borrow money under certain conditions. The other reason why profit sharing plans does not motivate employees is because this plan establish a vesting period and a limit access to the funds. The limit access is to establish strict rules for making payments from employees’ accounts, such as upon retirement, death, permanent disability, or termination of employment. Less strict rules may allow for withdrawals under certain conditions, such as financial hardship or medical emergencies. Nevertheless, whatever rules a company may adopt for its profit-sharing plan, such rules are subject to IRS approval and must meet IRS guidelines. Based on your knowledge of pay-for-knowledge pay concepts, describe three jobs for which this basis for pay is inappropriate and explain why. The three jobs which this basis for pay is inappropriate are librarians, electricians, and dietitians. Librarians bring order to and guide users through the vast array of information available. The size and character of the library determine whether Librarians perform all phases of the work or engage in a specialty. A librarian needs to find ways to structure or classify multiple pieces of information. Actively looking for ways to help people and help them to understand written sentences and paragraphs in work-related documents. Electricians tackle a range of projects from wiring new homes and offices, rewiring existing structures to helping providing installation services for new solar panels.

Management Gurus​ an Example of the Topic Education and science by

Management Gurus​ by Expert Prof. Cecil | 09 Dec 2016 Abstract: Need essay sample on "Management Gurus" topic? We will write a custom essay sample specifically for you Proceed This paper discusses the view points of some writers regarding the management gurus industry. There is a growing trend in organizations towards relying heavily on gurus to identify and help resolve problems. However, the paper argues whether they should be relied upon or not as past trends show that they dont give substantial results despite their exorbitant fees. In todays world of cut throat competition it has become eminent for firms to employ the most efficient methods of utilizing resources-any loopholes and the company could go downhill. The trend to rely on management consultants, or as they are called gurus, in the business jargon, emerged in the 1980s. There was a shift towards an age of information and technology and in some firms consultants run the show. Wherever one looks management theorists are changing the laws, reshaping businesses and the way they are conducted, introducing new business terms and language and most importantly moulding peoples lives. With the changing global business scenario especially with the rise of Japan, the spread of computers and the drastic change in the working patterns firms have increasingly relied on consultants to find solutions to their business problems. Firms rely on outsourcing consultants because they when faced with a problem, firms sometimes have mind blocks and cant seem to figure out the reasons causing the problem and consultant is hired to find exactly that. He has had a variety of experience in different problem situations in other firms and brings in innovative ideas to resolve situations. This gives him an edge to see things from another angle helping to resolve the problem. He is well versed and is able to give valuable strategies, make way for the organization globally and give strategies to survive and grow it and reorganize the human resource to its most efficient use. Also, a consultant has an unbiased approach and can offer a lot of techniques that assist in making decisions more objectively than subjectively. He has no self interest vested in the firm and thus he seeks to find solutions that benefit the firm and not any inpidual. His experience also enable him to judge what techniques apply in what situation and whether a suggested technique would work in a given business problem or not. A consultant, since he has the ability to have a birds eye view of the firm and its problems will tend to focus only on the problem or a set of problem that the firm is facing rather than deviating. This is something that an employee of the firm might not be able to do. (Halbert 2002) However some argue whether companies should hire consultants or not mostly because there are times when consultants cant resolve the issues of the firm. It is very important that the firm hire the right consultant for the firm or things could really go wrong. For this the firm has to do its homework right and spot a consultant who can understand the integrities of the problem existing in the firm. Also, some argue that hiring consultants is very expensive. For the past few years, industry trends have been changing especially in large companies who want to hire consultants on a long term basis realise that consultants are expensive and there are times when the firm doesnt see a measurable return on investment when they are looking for more tangible results. Firms spend endlessly without substantial differences in the firms and even after years of consultation, there are times when the firms remain as confused as they were before them. Consultants sometimes offer strategies that take years instead of months to implement which turns out to be good for them but not for businesses especially small ones. It is also argued that management gurus present theories that mostly dont make sense, and their theories at times pull institutions and inpiduals into conflicting situations. Like the theory of trust which would keep knowledge workers loyal and productive yet at the same time they also talk of flexibility which is short for firing people. Most management consultants havent figured out whether it is important to be either go global or be local, to be big or small, to work in the interest of shareholders or the or stakeholders and they themselves cant figure this out, they obviously cant advice the managers of the firm in the best of the companys interest. Another concern is that as consultants people it is essential that they have good chemistry with the employees of the firm. If they get along its great but if they dont then it could really hamper the workings of the firm and hinder both the managers and consultants. When working with consultants the firm has to be vigilant and cant leave everything on the consultants. He has to be checked and monitored. His plan ad direction has to be discussed and periodic reports have to be submitted by him. The firm has to be sure what he is doing is the right thing and therefore keep a check on him or the firm could have accelerating problems. (Micklethwait) Management gurus are heavily relied upon and a whole new industry of gurus has evolved over the years. It seems to be a solution to hire a consultant when a firm faces issues but larger companies especially Fortune 500 companies are realising increasingly that they dont give results that match the investments and are now seeking to partner with consultants instead of contracting with them. This could change the whole business scenario and industry trend. For now firms depend upon the gurus for their survival and change strategies to resolve issues but what the future holds for the industry is yet to be seen. References Micklethwait, J. Management Gurus: Charlatans or Visionaries? Excerpts from The Witch Doctors: Making Sense of the Management Gurus. Halbert, J (2002). Good consultants can boost efficiency of businesses.