The Future Of Currency Essay -- essays research papers fc

The Future of Currency In the present day, the world's economy is ever-changing and adjusting. Many different reasons control the reasons for this. The future of currency is something that can only be predicted and is not guaranteed. However, there are many determing factors behind the changes that can take place. Asia and North America are two continents that have economies that have recently changed or are in the midst of change. World War 2 drew a hard blow and left a serious and lasting effect to many Asian countries. This however, did not hamper the growth of countries such as China, Japan and Vietnam as their governments were taking serious steps to recover economically. Thus, the global market cannot deny a place for these 'Asian Dragons', because these countries are growing at a tremendous pace to the extent of being capable in emerging as global market leaders. China's capitalism and boom was born when their president, Deng Xiaoping permitted the provinces to dismantle their communes and collective farms. This led China to venture into free-market economics, although they were still under the communist political system. When President Deng announced that they needed Western money and expertise, China flung their trade doors wide open and China went on a capitalist drive without ever looking back. By mid 1960's, the Chinese Revolution settled down to the job of ruling China. Its main goal was essentially nationalist: a prosperous modern economy. While there continued to exist substantially economic inequalities, distribution of wealth was probably a bit more equal than in most Western countries. (Moise 171) While there were great variations in income between different villages, and between different jobs in the urban sector, the overall averages showed a clear pattern: the cities were much richer than the countryside. Most capital investments were going into urban industries. The urban workers, using considerable amount of heavy machinery, had a much higher average level of productivity compared to the rural workers. The natural consequence was, for the city people, an average income level twice as high as that of the people in the countryside. The most obvious way to attack this poverty problem was to increase production, in all sectors of the economy. Though the easiest way to increase ... ... Works Cited Anderson, Sarah. et al. "NAFTA: Trinational Fiasco." The Nation July 15, 1996: 26-29 Carbaugh, Richard G. International Economics. U.S.A.: Wadsworth Publishing Company, 1989. Dentzer, Susan. "The Pain and Gain of Trade." U.S. News Sept. 1992: 62+. Harbrecht, Douglas. et al. "What Has NAFTA Wrought? Plenty Of Trade." Business Week Nov. 21, 1994: 48-49 Lewis, Charles, and Margaret Ebrahim. "Can Mexico and Big Business USA Buy NAFTA?" The Nation June 14, 1993.hout the world. Gibney, Frank. "Vietnam: Back In Business." Time. April 24, 1995 Volume 145. No 17: 47-49 Mcgeary, Johanna. "The Next China." Time. March 3,1997. Vol. 149. No. 9. Moise, Edwin E. Moise "Modern China, A History." The Economic Growth. New York: Longman, Inc., 1986: 165-181. Prager, Karsten. "China: Waking Up To The Next Superpower." Time. March 25, 1996. Volume 147. No 13: 51-54. Rich, Joe. "Japan Since The Occupation." Asia's Modern Culture. 2nd Ed. Sydney: Longman Inc., 1980: 190-193 "The World of Information.Asia & Pacific Review,1995." 14th Ed. London: Kogan Page Publishing: 153-256

Leadership and Organization Behavior Essay

There are many business organizations that are started on various occasions, but only a few turn out to be successful organizations. The success or failure of an organization can mostly be associated with leadership. Leaders make a very big impact in the organization. The importance of leadership is recognized when the organization is going through some moments like crisis or serious changes, depending on how the issue will be handled. We can not just assume that leadership in the organization is shown at the top management, but even to the lower levels in the organization. Despite the importance of leadership, there has been no agreement on the definition of leadership in the organization. However, leadership can be defined as a means used to coarse people in the organization, without applying force, to work towards the attainment of the organizational goals, by motivating them. Non coercive method implies the leaders should make the people to follow them on a voluntary basis (Glasser, 2008). A leader influences a particular group to work towards achieving particular goals. Leadership does not depend on a formal authority or the title, but rather they carry out their tasks by applying leadership attributes such as; values, believes, knowledge, character, ethic and skills. The position of a manager, supervisor, leader etc give them the authority to accomplish certain goals and tasks in the organization, the power of manager lead or supervisor to accomplish organization goals does not make them leaders but simply they make themselves bosses. Leadership makes the followers want to make higher goals. Selfless services and honorable characters to the organization form the basis of good leadership. Respected leaders concentrate on what they know (such as jobs tasks and human nature), what they are (such as character and believes) and what they do (such as motivating implementing and providing directions. ). The qualities of a leader influence the followers to follow him. Followers want to be guided by the people whom they respect and have clear sense of directions. Leaders must be ethical in order to gain respect from their followers. Sense of directions among the leaders is achieved through conveying a strong vision of future (Glasser, 2008). Employee satisfaction in an organization can be predicted by the level of confidence and trust in the top leadership and effective communication. Effective communication helps to win organization confidence and trust which occurs through making the employees to become aware and understand the overall strategies of the organization, assisting the employees understand their roles which can contribute to the achievement of organizational goals and objectives and the information sharing between the employees and the leaders on how the organization is performing and how their departments are doing relative to the strategic goals of the organization. Therefore a leader must be able to communicate the vision of the organization and must be trustworthy. Good leaders need to concentrate the three attributes of leadership i. e. what they are, what they know and what they do. These attributes can be achieved by following the leadership principles. According to principles of leadership a leader is supposed to know himself and seek room for self improvement. A leader can know himself if he understands the principles of leadership. Seeking room for self improvement means that the leaders have to continuously strengthen their attributes. This can be achieved through interaction with others, reflection, self study and formal classes. Secondly the leaders must be technically proficient. Leaders are required to have a solid familiarity with their follower’s tasks and know their job (Nelson & Quick, 2007). Leaders must seek and take responsibilities of their action. They must such ways in which to guide their organization to achieve new heights. When things in the organization goes wrong leaders are not supposed to blame their followers or their fellow leaders but rather they should analyze the situation and come up with corrective response and be prepared to move into the next challenge. Leaders should make timely and sound decisions by use of good strategies of decision making solving problems and planning tools. Good leaders should set good role models by setting examples to others. They must see what they are expected to do not only hearing the changes they want to see. Leaders should know their people and care for their well being. They should know the human nature and take the responsibility for caring for their followers. Leaders are supposed to establish good communication with their followers. Communicating is a key responsibility in making sure that tasks are accomplished, supervised and understood. Team building and development of team spirit assist the leaders in employing their sections, organization, department etc to their fullest capabilities. Leaders should have an honest understanding of leadership attributes. They must also understand that determination of whether a leader is successful or not lies on the followers and not upon themselves. Followers are likely to get inspired if they lack confidence or trust in their leaders. Leaders are supposed to convince and set good example to their followers in order to become successful and be followed. Leaders lead through a two way communication between them and their followers sometimes communication between these two parties is non verbal. An example is when a leader sets a good example to the follower. The leader in this case does not necessarily require asking the follower on what to do about what himself is not willing to do. The way and how the leaders communicate with their followers improve or harm the relationship between them. Leaders are supposed to understand their followers in order to apply their leadership skills different followers would require different leadership styles. This means that a new employee may require more guidance and supervision than an experienced one. Also non motivated workers would require more motivation than motivated workers. Therefore the leader must understand the human nature through establishing the follower’s emotions, motivation and needs. Leader’s requiring to develop strategies on the possible cause of action for different situations (Nelson & Quick, 2007). The success of any leadership is determined in the degree in which the leaders are able to motivate the others. Motivation among the employees leads to work satisfaction. An organization may incur big losses if it looses its employees and therefore the key function of the leaders and the managers should be motivating the right people to remain and join the organization. Motivation directly affects the out put of an organization and this concerns both the quality and the quantity. The leaders and managers therefore need to understand how to motivate the followers according to the roles they play (Miner, 2005). The survival of an organization is determined by the motivation of the employees. On the other hand reinforcement focuses on the maintenance of motivation. The basic assumption in motivation are that the positive behavior among the followers that resulted to rewarding will be repeated and therefore negative behavior that resulted to negative consequences are less likely to be repeated. Certain behavior can be intensified and strengthened through reinforcement. Rewards and punishment are applied depending on whether certain behaviors occurred or did not occur. The role of the leaders is to strengthen the positive behavior through reinforcement (Miner, 2005). The employees and the leaders working in an organization have different characteristics. Leaders must learn how to manage the employee in their organization. The leadership skills that are acquired in schools are not sufficient to lead and manage the employees. Therefore training is important in order to ensure that individual objectives are aligned with organization objectives. To achieve this skills and knowledge are imparted to individuals. Goal setting on the other hand helps in defining the organization, give the direction to be followed and avoid chaos. Setting of organizational goals can help the leaders to motivate the employees by communicating what the organization have planned to achieve and through providing basis for recognition, success and achievements (Nelson & Quick, 2007). Goal setting helps in effectiveness of recruiting the followers. Team building results to many potential benefits which include; consensus building brain storming, looking at the problem from different perspective, trial and error, expert knowledge etc. employees are more encouraged to bring their work at the conference table and therefore they are likely to work harder. Leaders must ensure that there is an attitude of respect and tolerance for the ideas of the team member in the organization culture. The employees feel free in sharing their ideas with the team members when they help each other to succeed. Effective leadership helps in the success of the organizations. If there is no good leadership the organization may move too slow, become stagnant or even loose their direction. Timely decision making ensures that the running of organization is going on well. Leaders must ensure that decision making are correct, complete and involves all the stakeholders for the success of the organization (Nelson & Quick, 2007).

The National Pension System ( Nps ) Essay - 1284 Words

The poverty rate amongst the elders in Korea’s especially aging population is very high, it has been a very high contributor to income inequality over the past few decades . As of OECD reports in 2011 have indicated 49 percent of the population above the age of 65 lived in relative poverty. The figure in Korea is extremely high compared to the OECD average which is 13 percent. The BOAP was introduced relatively late in 2008 which covers roughly about 70 percent of the population with the benefit of 97 thousand KRW which is 16 percent of the minimum cost of living in 2014. Although there is a relative generosity in covering a large number of population for the welfare program, the BOAP has not been able to prevent a significant rise of elderly poverty rate and the GINI coefficient since 2007 . In addition to the introduction of BOAP, there was an introduction to the National Pension System (NPS). In 2013, only 29% of the age group 65 and above have benefited from the pension system. The pension coverage was also very small with only 310 thousand KRW which is about $298 per month. Moreover, there is a wide gender gap in its recipients, with 40 percent of men receiving it compared to only 15 percent of women. The relatively low participants of the NPS scheme reflects its recent introduction in 1989 . In order to address the issues of dualism in the labor market, the government tried limiting the usage of non-regular workers but also at the same time endeavored toShow MoreRelatedThe Contemporary Role Of The Nurse Practitioner1628 Words   |  7 Pagescontemporary role of the nurse practitioner in the care of U.S. veterans within the Veterans Health Administration (VHA) system. The VHA is is one of the largest employers of advanced practice providers (APPs) in the United States. Currently some role confusion exists between nurse practitioners (NPs), physician assistants (PAs) and physicians within the system. 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