Monday, May 25, 2020

Advantages Of A Countrys Currency Float On The Exchange...

In monetary policy, exchange rates serve either as a target, an instrument or an indicator depending whether it is fixed or floating. Conversely, the focus of this essay is on floating exchange rates, the countries that applied it in the 1970s and its chief advantages. The paper argues that the chief advantages to letting a country’s currency float on the exchange rates are threefold. First, it is principally determined by market forces thus underlying this fact is the efficient allocation of resources. Secondly, countries with floating exchange rates have independent and autonomous monetary policy. Lastly, the central bank has no need to intervene; capital mobility is possible. These advantages will be analysed using the realism and the analytical liberalism approaches. Specifically, the paper examines countries from the 1970s that followed floating exchange rates. To do so, the assumptions of the two approaches will be surveyed. A historical account of G-10 countries that moved to floating exchange rates later in the 1970s will be examined. Realism believes that power relationships matter most for states. In other words, it is an international relations paradigm that relies heavily on the importance of power and the anarchic nature of the international system. In analysing the floating exchange rate system, realists look for the role of the single hegemonic state or the concentration of power to one state. This is a system level theory that looks for what the hegemonShow MoreRelatedThe Impossible Trinity836 Words   |  4 PagesINTERNATIONAL FINANCE â€Å"The impossible Trinity† Has the â€Å"Managed Float† approach worked for Trinidad and Tobago? The Impossible Trinity: Managed Float in Trinidad and Tobago International economics holds the hypothesis that it’s impossible for a country to simultaneously execute: 1. A fixed exchange rate 2. Free capital movement and, 3. An independent monetary policy This trilemma or â€Å"Impossible Trinity† as it is commonly referred to, is one of those aspects of the natureRead MorePolicy Making Processes : China s Exchange Rate Policy1642 Words   |  7 PagesChina’s Exchange Rate Policy from Regulatory Capture China’s exchange rate policy: â€Å"a dirty float† Exchange rate measures the value of one country’s currency through another country’s currency, so it acts a significant role in international trade, by which I mean a wide range term, not only infers import and export trade, but also includes offshore financial transaction and futures trading, even transactions in foreign travel. Therefore, exchange rate policy is an important part of a country’s policyRead MoreIntroduction Of The Foreign Exchange Market Essay1325 Words   |  6 PagesForeign Exchange Market As the leading financial market in the world, the Foreign Exchange Market consists of several types of financial institutions, such as, investors, such as, central banks, brokers, and investment firms. The Foreign Exchange Market does not have an actual physical location; it is a worldwide system of computers. Currency traders are linked together from all over the world by these computers. Once currency traders enter the network, the computers allow them to exchange currenciesRead MoreIntroduction Of The Foreign Exchange Market1610 Words   |  7 PagesForeign Exchange Market As the leading financial market in the world, the Foreign Exchange Market consists of several types of financial institutions, such as, investors, such as, central banks, brokers, and investment firms. The Foreign Exchange Market does not have an actual physical location; it is a worldwide system of computers. Currency traders are linked together from all over the world by these computers. Once currency traders enter the network, the computers allow them to exchange currenciesRead MoreIntroduction Of The Foreign Exchange Market Essay1743 Words   |  7 PagesForeign Exchange Market As the leading financial market in the world, the Foreign Exchange Market consists of several types of financial institutions, such as, investors, such as, central banks, brokers, and investment firms. The Foreign Exchange Market does not have an actual physical location; it is a worldwide system of computers. Currency traders are linked together from all over the world by these computers. Once currency traders enter the network, the computers allow them to exchange currenciesRead MoreExchange Rate Mechanisms9910 Words   |  40 PagesINTRODUCTION An exchange rate is the price at which one countrys currency must pay in order to buy one unit of another county’s currency on the foreign exchange market. The concept of exchange rate mechanism may be explained as the technique employed by the governments in order to manage and control their respective currencies in the context of the other major currencies of the world. There are 5 exchange rate mechanisms established which each of it is meant to be followed by government regardingRead MoreForeign Exchange Market Essay example786 Words   |  4 Pageschoose can exchange rate system to determine how prices in the home country currency are converted into prices in another country’s currency (every country) †¢ A managed floating exchange rate refers to (an exchange rate that is not pegged, but does not float freely) †¢ A small country with strong economic ties to a larger country should (PEG ((HARD OR SOFT)) THEIR EXCHANGE RATE TO THE LARGER COUNTRY’S CURRENCY) †¢ An increase in the real exchange rate (real depreciation of domestic currency) will resultRead More Foreign Exchange Market Essay1629 Words   |  7 PagesForeign Exchange Market The foreign exchange market is one of the most important financial markets. It affects the relative price of goods between countries and so can affect trade. It means that it affects the price of imports and so affects a country’s price level (inflation rate). It also affects the international investment and financing decision. In this project, we will try to find why exchange rate would give many risks to a company and how a company can hedge itself. DefinitionRead MoreThe Rise Of Free Trade942 Words   |  4 Pagesfollowing advantages of the International trade: The International trade: .Improves the domestic competitiveness †¢Takes advantage of international trade innovation †¢Increase sales and benefits †¢Extend deals capability of the current items †¢Maintain cost competitiveness in your local business sector †¢Enhance potential for extension of your business †¢Gains a worldwide market share †¢Reduce reliance on existing markets †¢Stabilize seasonal market fluctuations (Knorr, 1987). Absolute advantage AbsoluteRead MoreThe Uk Government Should Join The Euro1456 Words   |  6 Pagesand evaluate whether or not I think that the UK government should join the euro and the advantages and disadvantages of being in the Eurozone. Additionally, I will be discussing and evaluating the exchange rate theory, the UK’s entry and withdrawal of Exchange Rate Mechanism (ERM 1) and which elements are included in the European Monetary System (EMS). The choice for the European Union to adopt a single currency for the European Community was first introduced in the 1970 Werner Report. This idea was

Thursday, May 14, 2020

The Ethical Issues Of Ict - 1780 Words

ICT has a huge and large impact on the lives of most individuals. Ethical scrutiny is not properly established. Present ethics review techniques are not suited for most of the ethical issues that ICT is likely to cause in the future. Europe has the great opportunity to show international leadership by pointing the way to how human rights, ethical values and moral norms can be explicitly considered in technology development. The ETICA project (Ethical Issues of Emerging ICT Applications, GA 230318) shows up the basis for a new enlightened approach to the development, governance and use of emerging ICT. Introduction A major problem of the ethics of technology is that it tends to arrive very late. In many cases ethical issues are only recognised when the technology is already on the market and problems arise during its widespread use. Ethics can then become a tool to clean up an issue that might have been avoidable. It is probably not correct to say it would be desirable to have ethical input at the earlier steps of technology design and development. Indeed, there are ethical theories and steps that explicitly aim at an early integration of ethics into the technology life cycle (van den Hoven, 2008). One of the central problem of this type of approach is that the future is unknown. By defining this we actually do not know with certainty what will happen in the future and an ethics that depends on the future development needs to be able to answer the question of how it decidesShow MoreRelatedIct Ethics Issues in Malaysia638 Words   |  3 PagesThe development of technology which is getting great er and advance often leads to complex ethical, illegal, and societal issues. Thus there were many ethic centers developed in order to examine the implication of the moral principles into various fields that raise throughout the development of the technology such business ethics, engineering ethics, computer ethics, and medical ethics. Computer ethics or ICT ethics are not so much different of the human ethics, the different is how it is perform viaRead MoreThe Ethics For Ict Professional1685 Words   |  7 PagesCase Study: ABC Company is a banking company with hundreds of staffs working on different departments. This Company has IT department which maintains, monitors and supports all the IT related issues to the employee working there. IT Department of this company regularly monitors the internet traffic and maintains the logs of the visited websites to ensure and control the staffs from browsing any unwanted materials. Similarly IT Department is also allowed to check the private mail of the staffs toRead MoreIct : Ethical Dilemma Or Ethical Situation1137 Words   |  5 PagesTitle of the Topic:- Ethical Dilemma or Ethical Questionable situation related to ICT in newspaper or work place within last 6 months Worlds: - 700 Introduction:- In last 5 to 6 years there are very fast growing infrastructure with technology in Computer which changes the whole world scenario in many ways and all things are now rest on privacy , security that offering new tools to learning computer networks to students , professional and making digital world with lots of emerging technology. RecentRead MoreUsability, Interaction, And Visualization1090 Words   |  5 Pagesand systems that can make ICTs more interoperable, including backward interoperability. Human Learning and Continuous Education The future of human learning affects trainee job performance and adult learning across organizational levels. The trends include sensitivity to cognitive and noncognitive aspects of learning, such as motivation, culture, and attitudes, among others (El Kadiri et al., 2015, p. 11). Scholars believed in the rise of widespread learning through ICTs, such as context-adaptiveRead MoreInformation And Communications Technologies ( Ict )1576 Words   |  7 Pagesfor industry, but are these institutions’ doing enough to fulfill their responsibilities? The IT Industry has indicated that graduates require a diverse set of skills (Calitz, Cullen, Greyling, 2014). Information and Communications Technologies (ICT) education is our society’s efforts to teach its current and emerging students valuable knowledge and skills around computing and communications devices, the software that operates them, the applications that run on them and the systems that are builtRead MoreThe Ethical And Ethical Views Behind Computer Scientists1622 Words   |  7 PagesThere has been a legitimate distinction between the moral and ethical views behind computer scientists being responsible for the action that they take upon the problems that they can face from the systems that they design. They must be faced with the codes of ethics and the morality issues in order to acknowledge the user about the responsibility that they must encounter in order for the use of technology. In the case of the technological society, the IT technology must include security measuresRead MorePakistan Procurement Of Ict Goods And Services Essay1588 Words   |  7 PagesNSW procure ment of ICT Goods and Services Introduction The NSW Government on an estimate spends over $1 Billion on Information and Communication Technology (ICT) goods and services annually. As a key purchaser for various suppliers, it is in power to control and dominate over the growth of the ICT industry around Australia. In the past decade, the NSW Government has made changes to the ICT procurement policy to provide a more predictable and simplified procurement process. The ICT Strategic Plan InRead MoreThe Procurement Of Ict Goods And Services Essay1642 Words   |  7 PagesNSW’s procurement of ICT Goods and Services Introduction The NSW Government on an estimate spends over $1 Billion on Information and Communication Technology (ICT) goods and services annually. As a key purchaser for various suppliers, it is in power to control and dominate over the growth of the ICT industry around Australia. In the past decade, the NSW Government has made changes to the ICT procurement policy to provide a more predictable and simplified procurement process. The ICT Strategic Plan InRead MoreTechnology And The Growth Of The Cognitive Abilities Of Children1688 Words   |  7 Pages Title: Yes, there are serious ethical issues associated with the use of technology among children. The topic is derived from the questions posed in part A of the assignment. Part A looked at the pros and cons of allowing children to use technology. Introduction General statement: The use of technology has triggered innovations and enhanced the skills of both children and adults. Background points ï‚ · Defining technology (Manches, Duncan Plowman Sabeti, 2015). ï‚ · Providing literature on the relationshipRead MoreCloud Computing And Ethics And Code Of Professional Conduct1253 Words   |  6 Pagessignificant change and influence to the world. It also raises numerous ethical issues. This essay will discuss the ethical issues regarding Cloud computing in line with Australian Computer Society’s Code of ethics and code of professional conduct. To achieve this, this essay will first provide a brief description of Cloud Computing followed by discussion of ethical issues of this technology. Possible solutions for these issues are last presented as the conclusion. Cloud computing is quickly evolving

Wednesday, May 6, 2020

Plato s Laws And Xenophon s Hiero - 1365 Words

Practically in all his discourses, Plato wrote about the works of Socrates that acted as the main persona in his confabs. In Plato’s laws and Xenophon’s Hiero, a further wise man other than Socrates acted as the leader of the discourse. While having protagonist confabs in Plato’s and Xenophon’s works, Socrates tries to interrogate understanding of the further man on the aspect of morality. Socrates presented himself as a less knowledgeable person in the domain of moral issues to confuse the other person who boasts of being more knowledgeable on the same. Using this ironical approach –known as the Socratic Irony -, Socrates was able to illustrate inconsistency of the other person’s views on morality. Although the early and middle works of Plato are considered as Socratic dialogue, understanding the composition and chronology of Plato’s work is a bit complex since even the ancient sources do not present these works chronologically. Plato ’s work basically involved posing questions and answers as a way of stimulating critical thinking. Defender of a particular point of view would be questioned, and then one of the parties would contradict himself in order to confuse his counterpart and in doing so, the defender would be made weak. Socrates discourses revolved around traditions, justice, afterlife and education. In light to this, this paper will unravel Socrates accounts balance Aristophanes’ and Xenophon’s on afterlife, justice and law, education and traditional practices. InShow MoreRelatedPlato s The Socratic Method2253 Words   |  10 PagesPlato wrote nearly 30 dialogues, most of which focused on his predecessor, Socrates. His earlier works focused on Socrates Theories, or the Socratic method, while his later works focused on his own laws and Xenophon s Hiero. Some of Plato s dialogues include the Meno, Symposium, Republic, and the Phaedo. The Socratic method is a form of inquiry and discuss ion between individuals based on asking and answering questions to stimulate critical thinking and to generate ideas. This paper is going to

Tuesday, May 5, 2020

All About Mikhail Gorbachevs 1988 UN Speech

Questions: 1. Why did Gorbachev choose the United Nations as his forum for this speech?2. What did Gorbachev mean by "de-ideologizing relations among states? What implications did this have for superpower relations?3. Why did he say that "force no longer an instrument of foreign policy"? What implications did this have for the Soviet bloc?4. What did he foresee as the future role of the superpowers in the world and the future relationship between them? Answers: 1. In 1988, Mikhail Gorbachev, the USSR president at that time delivered a revolutionary and extraordinary speech at the United Nations General Assembly. He chose this forum for some specific reasons. The most fundamental and important reason was that the UN was promoting the global cooperation and peace at that time. This international organization was fully focused on repairing the damaged international relations between the countries and ensure peace and security for everyone around the globe. Gorbachev's speech also concentrated on the necessity of modest foreign policies and better international relations especially between the United States and the USSR (Walker, 2012). Moreover, the year of 1988 proved to be one of the most successful phases in the UN history in its attempt to promote global peace and security. Therefore, there could not be any better platform other than the UN assembly to convey the revolutionary notions that Gorbachev held. 2. During his speech, Mikhail Gorbachev demanded that the countries across the globe should reanalyze and re-evaluate their notions and perceptions because the paradigm of international notions has been shifted and therefore, it would be better to respond in accordance with that change (Gorbachev, 1988). Gorbachev realized that bitter international relations are results of the nations' tendency to stick to their traditional and outdated perceptions and fully disregard the notions of the other states. But the time had changed and the situation demanded that the states should not ideologize their own perceptions, rather they should try to cope up with the shift and adopt the positive changes as required. Gorbachev asserts that de-ideologization is a great factor in improving the relations between the states. This de-ideologization has a number of barriers but the most important one is the attempt to ensure the implementation of own notions and self by a state. But this cannot be soluti on. If the superpowers do not adopt to this view, then it would be very difficult to establish peaceful international relations because the militarism would not decrease and the whole world will continue to get threatened. Therefore, the superpower countries should redesign their notions and imply them properly. 3. Mikhail Gorbachev also asserted no problem can be solved by the help of force. He went on to say that force can never help the human civilization to progress towards prosperity in a peaceful and harmonious way. Acquisition of force is necessary to solve some problems but not all and in the changing scenario of the international relations, the exercise of force could only worsen the situation (Nedzarek, 2012). In order to establish a harmonious international relation with other nations, irrational framework of force acquisition should be sacrificed and excluded. Gorbachev stated that in order to be the pioneer of this path, the USSR will significantly decrease its armed mi litary installations along the borders of Eastern Europe and China. He also mentioned that the UUSR armed forces would decrease by about half a million soldiers by the year of 1990. Gorbachev also stated that the USSR will reduce the acquisition of nuclear powers so that the force can no longer be a threat to the global relations.4. Mikhail Gorbachev said that the superpowers have to come forward to show the world that an atmosphere of harmonious international relations can be established throughout the globe. He said that every superpower has to reassess their ideologized views, decrease the acquisition of power and force, and show respect toward the peaceful international relations so that the international rivalry can be turned into sensible competition (Gorbachev, 1990). Every nation should be given the freedom of choice. Most of the smaller countries tend to follow the notions of the superpower nations. Therefore, these steps should be implemented in order to improve the intern ational relations not only between the superpowers but also among all the countries across the world. References Gorbachev, M. (1988) Gorbachevs Speech to the U.N. December 7, 1988. Available at: (Accessed: 15 June 2016). Gorbachev, M. (1990) Perestroika and Soviet-American relations. Madison: Sphinx Press. Nedzarek, R. (2012) A critical evaluation of Mikhail Gorbachevs role in ending the cold war. Available at: (Accessed: 15 June 2016). Walker, M. (2012) From the archive, 8 December 1988: Gorbachev puts paid to Europes fears. Available at: (Accessed: 15 June 2016).

Friday, April 10, 2020

The Concept of Energy

Energy is referred as the capacity of a body or a system to function or operate. The concept of energy is very common and widespread in all scientific fields. This however, explains the varied explanation and approach of the term ‘energy’ across various contexts such as physics, biology, and chemistry.Advertising We will write a custom essay sample on The Concept of Energy specifically for you for only $16.05 $11/page Learn More In the context of this study, energy is the vitality or power that would be needed for sustained mental or physical functioning of various bodies. In other words, this is the indirectly observed quantity normally viewed as the ability of a physical body to function or operate normally. As it would be observed, energy exists in numerous different forms, and these can be electrical, chemical, mechanical, radiant or light, and heat or thermal forms of energy. Energy is a fundamental part of modern life that plays a cruc ial role in almost every sector of human life. For instance, people use energy to make their work easier in various fields of operation, and to process things in a more convenient style. More importantly, energy is used for lighting purposes and to power machinery as well as other significant equipment that makes life easier and more exciting for humans. There are many sources of energy, and this would range from renewable to non-renewable sources. While energy is crucial and beneficial to human life in many ways, it is nevertheless one of the major causes of the common global issues currently affecting the human nature. A good example here is the combustion of fuels for the purpose of powering cars among other machineries and equipment, which is arguably one of the major activities having the biggest impact on the progressive issue of the global warming. Among other key concerns, the operations of the global energy sector have drawn incessant scrutiny from the global leaders as a r esult of the above reason. Concerns about the issue of global warming, which is observed to be necessitated by the combustion of fossil fuels, has immensely contributed to the implementation of a number of strategies that would be applied in dealing with the problem. In this regard, a massive shift from the use of fossil fuels to renewable sources of energy appears to be the most effective step which can successfully implement this goal. This plan aims at repowering America and the entire world with carbon-free forms of energy within the next one or so decade. The brains behind this plan have concluded that, there is a possibility of such a change if the necessary measures towards the plan where taken. Other big concerns that have had influential impact on the plan would include things such as high prices of oil, land use, the wildlife, global water supply, environmental pollution, and heightening government concerns.Advertising Looking for essay on environmental studies? Let's see if we can help you! Get your first paper with 15% OFF Learn More The many implications that the generation and use of fossil fuels would tend to have on all the above aspects are likely to be minimized or even eradicate completely the effect of greenhouse gases in the atmosphere, through the use of renewable forms of energy usually generated from water, wind and solar. It has been proven that the construction, operation and execution of renewable sources produces almost zero emissions of harmful pollutants and greenhouse gases, and this makes them safer over the non-renewable sources. There is confidence that, the global energy systems can easily be transformed through widespread use of solar installations, wind turbines and water machines, which do not present emission of significant gases and other waste products. This could be an effective approach in eliminating the immense pollution associated with the non-renewable sources of energy used in modern transportation sector. Renewable Sources of Energy This normally refers to those sources of energy that are continually restored or replenished. What makes renewable sources of energy more reliable over non-renewable sources is the fact that, these forms of energy can be used as many times as they would be required. As it would be observed, renewable sources of energy sustain a relatively high percentage of the overall human energy consumption. Many countries are gradually shifting to these forms of energy sources, considering the high costs and the many effects associated with non-renewable energy sources. More importantly, there are many health and financial benefits that can be associated with renewable sources of energy, and this makes them the most preferred energy sources over non-renewable sources such as natural gas, coal and oil, which have continued to present immense social and health issues to the global population. Some of the common examples of renewable energy sources would include things like wind power, geothermal power, solar power, biomass power, and hydropower. Non-Renewable Sources of Energy These are energy sources that can be found on earth in limited capacity, and that are likely to become extinct within a specific period of time. Non-renewable energy sources would constitute of nuclear power, natural gas, coal, and oil. Unlike the renewable sources, it is not easy to regenerate non-renewable sources of energy for human energy consumption whenever it is necessary. Non-renewable sources of energy are classified into two main groups namely; nuclear fuel and fossil fuels. Nuclear fuel is generated out of radioactive substances that do occur naturally.Advertising We will write a custom essay sample on The Concept of Energy specifically for you for only $16.05 $11/page Learn More A good example of this classification is uranium which can be found in soil and rocks. These elements are transformed into energy through extraction and concentration, to produce fuel rods that can generate heat, when placed closed to each other. The heat is the form of energy here, and can be used to transform water into steam, thus producing electricity that can be used in different ways. The above diagram illustrates the process by which nuclear fuel is generated from Uranium. Fossil fuels, on the other hand, are energy in the form of fuels which can be extracted from the earth’s surface, where they are said to be generated through geological processes on dead matter. Examples of fossil fuels include materials such as natural gas and oil, which tend to undergo millions of years to form under the earth’s surface. It is believed that, both gas and oil are generated from the remains of dead living things in the bottom of seas, which have been covered by layers of other sediments. According to study findings, it may take many millions of years for gas and oil to form under the earth’s surface, before they ev entually sieve into the earth’s surface through porous rocks. The diagram below illustrates how gas and oil are generated from the earth’s surface. Advertising Looking for essay on environmental studies? Let's see if we can help you! Get your first paper with 15% OFF Learn More Overview of Various Resources of Renewable Energy Wind Energy Wind energy is a form of energy whereby wind turbines are used to produce electricity for human consumption. Wind energy has been applied by humans for avery long time to perform various tasks, such pumping of water and winnowing of grains. Normally, wind turbines intended for generation of electricity are mounted on tall structures, where they can capture large masses of airflows needed to produce energy. The power output in this resource would tend to increase as the speed of wind increases. In this regard, areas with constant and stronger winds are the most preferable sites for wind farms. Wind Power Turbines in the US are common in Alaska and New Zealand States, where the speed of wind is known to be higher than that of any other place in the country. The global use of wind as a reliable source of energy has increased dramatically in the last few decades. Wind is not only one of the most attractive sources of energy, but it also among the cleanest sources of renewable energy, and for these reasons, it is the fastest advancing energy technology in the world. Wind energy supplies about one percent of the US electricity needs and this capacity is observed to be growing rapidly, owing to recent developments. Advantages of Wind Energy Resources Wind is a clean source of energy i.e. it does not produce greenhouse gases or any other form of hazardous products that can be harmful to human and animal health. The energy is abundant and free to use. Wind turbines normally take minimal space compared to the normal power station, and therefore, it is land economical. Wind energy can be combined other sources of energy such as solar to provide a steady supply of energy in form of electricity. Wind energy is less costly compared to other forms of non-renewable energy which may need to be imported from foreign countries. Wind is a reliable source of energy for regions where wind is stronger and more constant. Wind is a relatively long-lasting source of energy for human energy needs and in that case, it is reliable and more convenient. Disadvantages of Wind Energy Resources This form of energy is unreliable since winds are unpredictable in many regions. Construction and erection of wind turbines is obviously very expensive and time consuming. Many people are yet to give in to the idea of wind energy as an efficient source of energy, and for that reason, there would be amid protests against development of wind farms in some regions. Wind turbines can sometimes be very noisy, and in that case, they are not fit in residential areas. According to recent studies, wind turbines are observed to be among the largest killers of birds in many regions of the world, where they are applied. Solar Energy This is the use of sunlight to generate electricity which can be used for lighting, heating, and cooling purposes in our homes. As it would be observed, solar energy, which comes from the sun, is a significant source of energy, since it influences all the other forms of renewable energy in a number of ways. For instance, heat and light from the sun plays a crucial role in the growth of plants which can in turn be used for the generation of biomass energy. More importantly, solar heat also plays a key role in evaporation and precipitation cycles which are essential for the generation of hydropower. A good example of popular solar energy resources is the Copper Mountain Solar Facility, situated in Nevada, near Boulder City. The facility caters for different energy needs in the area including lighting and heating purposes. A less percentage of solar energy is used to meet various energy needs in the contemporary world, compared to other renewable sources. However, this attitude is likely to take a different course, considering the rapid developments of efficient and reliable solar technologies. Advantages of Solar Energy Resources Solar energy can be associated with minimal en vironmental impacts. Just like the wind power, solar energy is absolutely free. Solar systems are durable and they don’t require any form of maintenance or repair. Solar energy industry has created jobs for many people allover the world. Another impressive aspect about the solar energy sector is that, modern solar systems are designed for particular needs and this makes it a diverse source of energy in different areas of operation. Disadvantages of Solar Energy Resources Solar energy has a high unreliability factor, since solar light is only available during the day. Solar energy is highly inefficiency since it produces minimal levels of electricity. Installation of solar energy systems can be costly, and this is one common limitation about the development of the systems in many parts of the world. Another outstanding limitation of solar energy is that, solar panels are bulky. Water Energy/ Hydro Power This is a form of energy which is generated by the powerful force of fl owing water. Water flowing downstream is used to drive power wheels or turbines beneath the water surface to generate mechanical processes that are capable of producing electricity. Water is arguably the most common source of energy in most parts of the world, due to its efficient and reliability. Examples of major Hydro Powers include the Aswan High Dam in Egypt and The Grand Coulee Dam in Washington, USA. Advantages of Hydro Power Resources Hydro Power is the least expensive source of energy for many people in the contemporary world. There is no air pollution or emission of greenhouse gases in Hydro Power generation. Storage of pumped hydro power energy is possible. Hydro Power has a high load factor compared with other energy resources. This source of energy is much reliable compared to other renewable energy resources. Hydro Power Plants are observed to have a relatively longer life compared to Nuclear Power Plants. Disadvantages of Hydro Power Resources Construction of dams for Hydro Power generations has been linked increased earthquake vulnerability in some countries. Hydro Power comes with high risks of dam failure and/or tail risks. Fishes and wildlife are likely to be affected as a result of water and ecological destruction for purposes of hydroelectric generation. There is always a possibility of displacement and loss of livelihood for many people, as land is acquired for construction of Hydro Power stations. Construction of dams and Hydro Power stations is expensive. Biomass Power This refers to the form of energy which is obtained from plant material. Biomass is either used for direct heating or burning of wood to generate electricity energy, or is converted into liquid fuels to cater for massive fuel needs in the transportation sector. Biomass power is observed to be the second important renewable energy source in the US. One of the major biomass plants in the US is the Tracey Biomass Plant, located in California. This plant supplies for vari ous energy needs in the region. It has been predicted that, growing and cultivation of high-yielding energy plants can significantly help in the development of biomass energy resources in the world. These, coupled with modern high-efficient technologies in the energy sector can supplement the global consumption of non-renewable forms of energy such as fossils, thus helping to address the progressive issue of global warming. Advantages of Biomass Power Resources Biomass is a comparatively lesser polluting form of producing energy and fuel. Apart from energy, Biomass also provides manure for farming purposes. This is a much reliable and a relatively cheaper source of energy for home use. Biomass is renewable. Biomass is more cost effective compared to other sources of renewable and non-renewable energy. Growth of biomass plants helps in cleaning the atmosphere by absorbing carbon dioxide from the air and releasing oxygen to the air. There is a high potential to generate biomass energ y in many parts of the world, since plant matter is readily available everywhere. This source of energy also plays a significant role in maintaining cleanliness as well as in reducing disposal costs in towns and villages. Disadvantages of Biomass Power Resources Biomass is reserved for the rich, since the cost of erecting a biogas plant is relatively high. Biogas plants and residue normally produces bad smells, which may be uncomfortable to many people. Construction of biogas plants requires great expertise, and many biogas plants end up operating in an efficient way, due to improper construction. Constant supply of biomass is essential for continuous generation of energy. Transportation and storage of biomass power through pipe system over long distances is quite difficult. Storage of biogas energy in cylinders is not easy. Geothermal Energy Resources This is the production of heat and electricity using the natural sources of heat found within the earth’s surface. In most cases, geothermal energy is produced using hot water or steam erupting from the ground. Geothermal energy can also be obtained through drilling, whereby deep underground reservoirs are accessed for generation of energy. There are various geothermal technologies that are currently in use in most parts of the world, and these would include; geothermal heat pumps, direct-use systems, and the use of deep reservoirs to generate energy in form of electricity. Utah Geothermal Plant, located in Beaver County is one of the oldest and popular geothermal plants in the US. Advantages of Geothermal Energy Resources Geothermal energy significantly reduces reliance of fossil fuels and other non-renewable resources of energy. It is an effective way of saving energy costs. It generates clean energy which is free from pollution. This source of energy is associated with immense economic benefits, since it plays a crucial role in creation of employment opportunities. Geothermal energy is more efficie nt, since it can be used directly for home and office-related tasks. Disadvantages of Geothermal Energy Resources Drilling of geothermal energy is often associated with hazardous and poisonous gases. Most of the geothermal plants are far from specific areas such as big cities and town, where it is highly needed. Steam power installation is expensive and costly. Generation of geothermal energy is obviously too small to cater for energy needs of the people in the surrounding regions. Among other hazardous risks, generation of geothermal energy is known to pose serious dangers of volcano eruptions. This essay on The Concept of Energy was written and submitted by user Gia H. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Monday, March 9, 2020

Evolution of Warfare - Ancient Greece, Romans and Chinese essays

Evolution of Warfare - Ancient Greece, Romans and Chinese essays Throughout the ages, weapons, armor, and even warfare have evolved in astonishing ways to suit societys needs. Many reasons exist for the changes in all these tools. Armor evolved through the need for one to protect him/her-self and weapons evolved alongside to break through this protection. Warfare evolved with society, just as society was evolving itself through time. No other societies better than Ancient Greece, Rome and China can show us how the Age of Armor began and evolved. These societies were the dawn of the great cultures of the world. Greeces epic poems The Iliad and The Odyssey best describe the kind of warfare that was used in battle, along with the weaponry and armor of the time. Ancient texts and artifacts grant us access of how Greek warfare had changed and how some aspects of war remained the same, until the Roman times. The Romans improvised and improved a lot of the tactics that were used by the Greeks and along with new inventions they brought warfare into a whole new level. And the Chinese (Qin Dynasty) were the pioneers of many intriguing weaponry and battle tactics. The Greek soldiers were called hoplites (acquired this name from the hoplon, a convex, circular shield, approximately three feet in diameter, made of composite wood and bronze.(Encyclopedia Britannica). These soldiers were characteristically equipped with about seventy pounds of armor, most of which was made of bronze. Hoplites were equipped with a hoplon (shield), a cuirass, a helmet and a greaves which all consistent of bronze and a long thrusting spear with an iron tip and butt, along with a sword. The heavy bronze shield, which was secured on the left arm and hand by a metal band on its inner rim, was the most important part of a hoplite's panoply, as it was his chief defense. Hoplites were the primary focus of the phalanx (an organized, dense line of battle, Jona Lenderin...

Saturday, February 22, 2020

International ManagementCase Study and Set the strategies Essay

International ManagementCase Study and Set the strategies - Essay Example It cannot also modify the product that it offers to the European market. The company will also have to deal with the high marketing expenses and will need to deal with the government authorities in keeping with their regulations on exporting. 2. Enter into an alliance with a large European company. Entering an alliance with a European company offers myriad of benefits for Dale. For one, this will enable the business organization to share risks and costs associated in entering the European market. Since, it will be dealing with an established firm which is already prominent in the target market, its entry will be much easier. Conforming to government regulation is also facilitated by the partnership. It should be noted that governments often favor local companies than foreign ones. Through the partnership, Dale will also benefit from the European company's knowledge and brand equity in the market together with the technology and other expertise of its partner. However, drawbacks can include mistrust in sharing proprietary technology and cultural clashes. Dale also has to deal with how to split the profit noting the asymmetric investments by the partners. 3. Manufacture the product in the United States and set up a wholly owned subsidiary in Europe. Manufacturing the product in the home country will enable Dale to reap economies of scale in production. Setting up a wholly owned subsidiary in Europe will allow the company to control marketing tactics and building brand image. It will also enable Dale to learn more about the market and tailor its product according. However, this will present concerns over government regulation and having to deal with a workforce with a different culture. 4. License a European firm to manufacture and market the phone in Europe. This will benefit Dale with a high return on investment as it will be given a high fee for the manufacture and marketing of the revolutionary wireless phone. No intervention in the foreign market is required as the licensee shoulders all the risk involved. The only downside is its inability to reap returns on manufacturing and marketing activities. It is recommended that Dale chooses to partner with a large European firm in manufacturing and marketing its product abroad. This partnership will enable the company to enter the market easier while using the strong brand equity of the large firm. Sharing the risk with another entity is a potential way of mitigating risk. It should be noted that its partner's knowledge about the market will allow it to tailor its product according to unique needs of its target market. Section 2. 1. How does expanding internationally benefit Wal-Mart In the international arena, Wal-Mart recognized that opportunities in the home country were becoming constrained. Wal-Mart is benefited from the international expansion through capturing a wider market base. It should be noted that as most developing economies improve their condition, opportunities abroad abound. The higher income in foreign markets represents profit prospects for retailers. The company also reaps economies of scale in purchasing and ordering due to its strategic partnership with merchandise suppliers. International expansion also enables it to employ its expertise and capabilities while banking on its strong brand equit