Tuesday, May 26, 2020

How to Apply to College as an International Student

How to Apply to a US College as an International Student Last year, 1,169,464 international students were studying at colleges and universities across the United States. While this number is slightly down from previous years due, at least in part, to the current political conditions in the United States, American institutions of higher education continue to draw massive levels of interest from high-achieving teens all around the globe.China sends the greatest number of students to the U.S. as there presently more than 363,000 Chinese students studying at American universities. India is second with just shy of 200,000 students enrolled in U.S. colleges. Next on the list are (in order): South Korea, Saudi Arabia, Canada, Vietnam, Taiwan, and Japan. No matter where an international student hails from, they will face common challenges as they enter the particularly complicated gauntlet that is the American college admissions process. With an aim of shedding light on a rather opaque and muddled process, we will explore:Why students elect to stu dy in the USThe English language requirements for foreign studentsStandardized testing requirementsGetting your transcript evaluated/translatedThe F-1 visa application processAn overview of the American admissions timelineCommon mistakes made by international applicantsFirst, let’s tackle why high school students from every corner of the globe are so eager to travel thousands of miles and jump through endless hoops in order to attend college in the States.Why study in the US?No other country has the number of top-notch research institutions and exceptional liberal arts colleges that you will find in the United States. The qualifications you can earn at an American university will be recognized and accepted around the globe. Further, you will make important connections with faculty and peers that can enhance your professional network and lead to long-term career success.Economic mobility is certainly a top factor in deciding to attend an American school. Thus, it is no acciden t that the most popular areas of study for international students are typically the most lucrative professions 1) business 2) engineering and 3) math computer science. However, there are a sizable number of foreign students currently seeking degrees in the areas of health professions, fine and applied arts, social science, and the physical life sciences.What are the language requirements? Most American universities require foreign applicants to take an English as a second language exam. There are two commonly administered tests for this purpose: the Test of English as a Foreign Language (TOEFL) or the International English Language Testing System (IELTS). The minimum TOEFL score required by most American schools is a 78 which is in the 40th percentile of all test takers. However, more competitive universities will demand higher scores. For example. UCLA requires a minimum of an 83 TOEFL score (48th percentile) merely for consideration, but the average entering international freshm an actually possessed a 113, which places right at the 97th percentile. Cornell University’s engineering program recommends a minimum of 100 TOEFL score or a 7 on the IELTS which places a student in the 75th-80th percentile.If you are a strong English speaker, taking one of these exams early in high school is good idea, just so there is one less thing to do once the admissions crunch of senior year commences. If you are still learning the language, delay taking the exam until right before the start of senior year.Which standardized tests should I take?The answer to this is entirely dependent on which schools you are targeting. You need to do your homework well ahead of time so you can meet these school-specific demands. For example, MIT offers two standardized testing options for international students who are not native speakers of English. The first is to take the SAT or ACT as well two SAT Subject Tests, one in math and one in science. The second option is to take the TOEF L in lieu of the SAT/ACT but still take the same Subject Test requirements. Some schools accept the IELTS in addition to the TOEFL; others like MIT, do not.Even schools with test-optional policies for domestic applicants often do not allow international applicants the chance to apply sans-standardized tests. Bucknell University in Pennsylvania, which just went test-optional last year, is one such institution. On the other hand, Marquette University in Wisconsin is test-optional for U.S. citizens and international applicants alike. The bottom line is that you need to check the exact policies of all of the schools to which you will be applying. There is no â€Å"standardized† set of rules when it comes to standardized testing policies for those living in a foreign country.Do I need to get my transcript evaluated?When American citizens apply to colleges in their home country, the admissions officers instantly understand the different between AP Chemistry, honors chemistry, and r egular chemistry. While some variation in curriculum may exist from state-to-state and school-to-school, college officials can quickly glean a pretty firm understanding of what an A, B, or C means in a given course—particularly when they can cross-reference this information against other known data points (both from the individual and their high school).Contrarily, international students come from hundreds of countries with vastly different educational systems. Some institutions like Drexel University actually spell out separate transcript policies for roughly 70 different countries. In many instances, American schools will require you, the applicant, to have your credentials verified and translated by a third-party organization. The safest organizations to seek out will be:Third-party agencies that are members of the National Association of Credential Evaluation Services (NACES)Third-party agencies that are members of the Association of International Credential Evaluators, I nc. (AICE)Students typically pay anywhere from $75-250 dollars to have their transcript evaluated and it can take weeks to complete (so plan ahead). Some colleges will not require a full-blown transcript evaluation, but, if the materials are in a foreign language, they will most certainly need to be translated by someone other than the applicant themselves. Harvard University offers the example that they are â€Å"happy to receive letters translated by an English teacher.†Getting a student visa If you think the admissions process is painful, just wait for the whole extra layer of red-tape that awaits when it comes time to apply for and obtain your student visa. Once you are accepted by a U.S. school, that university will enroll you in a system called the Students and Exchange Visitor Information System (SEVIS). You will then be sent one of two forms, depending on which visa you are eligible for. The two classifications of visa are the F and M variations. Anyone applying to a four-year school will fill out the F-1 form, since the M-1 form is for vocational studies only.The next step is to fill out your F-1 student visa application at the U.S. embassy or consulate located in your home country. You will need to meet with an embassy official for an interview to determine your visa eligibility. Applying early is always a good bet as the bureaucratic wait-time for paperwork to be processed can be substantial and is not always easy to predict. An F-1 visa is can be issued up to 90 days prior to a student entering the country to begin their studies, so there is no reason not to start your application well ahead of time.Know the timeline The American college application timeline is unique and can take foreign (as well as many homegrown) students by surprise. International students need to familiarize themselves with the various deadlines for their prospective schools including, early action, early decision, early decision II, and financial aid deadlines. They al so need to have a general understanding of when to:Ask for recommendations.Take the TOEFL/IELTS, SAT/ACT, and any required Subject Tests.Fill out their FAFSA or CSS Profile for financial aid consideration.Begin working in the Common App, Coalition App, or school-exclusive application.With so much to juggle, it’s not unusual for students to get tripped up at one or more stages of this arduous journey.Common mistakes made by international college applicants In our experience, these are some of the most common errors we see foreign high schoolers make when applying to American universities:Hyper-focusing on one or two prestige schools rather than learning about the dozens (or more) of comparable institutions that may better suit their academic/financial needs.Not giving enough attention to the soft factors that are highly-valued by U.S. schools like extracurricular activities and essays.Failing to â€Å"tell their story† throughout the application. Ideally, one’s e ssay, extracurricular participation, and academic prowess will all align with their future area of concentration.In the same vein as our last bullet point, international students sometimes fail to recognize just how much passion and authenticity matter in American college admissions.For those international students vying for a coveted spot in an Ivy League or Ivy-equivalent university or an elite liberal arts school, stellar grades are necessary but not sufficient. Begin learning about the American admissions process long before you are nearing the end of your high school journey. With a little extra research, careful adherence to timetables and boxes in need of checking, and of course, continued attention to grades and test scores, your dreams of studying at the American school of your dreams can and will come true.

Tuesday, May 19, 2020

Scenario C. Engaging In International Business - 885 Words

Scenario C Engaging in international business provides many benefits, but also increases complications. One of the most arduous complications is addressing additional regulations set forth by both domestic and international regulatory bodies. By engaging in international business, businesses headquartered in the United States with subsidiaries abroad must provide financial statements of all foreign operations restated in the U.S. Dollar. Depending on the functional currency of the subsidiary, financial statements must be translated into U.S. Dollar pursuant to either the Current Rate method, or the Temporal method. As explained by The Utes’ executive team, the functional currency of UDC is the U.S. Dollar, requiring The Utes to restate UDC†¦show more content†¦After calculating Net Income, I was able to calculate the proper Retained Earnings value for year-3, and then confirm that the value put the balance sheet in equilibrium. The Temporal translation method requires certain as sets and liabilities to be translated at the current exchange rate, and others at the historical exchange rate. Those that are translated at the current exchange rate will have values that change as a function of the current exchange rate. These items are exposed to translation adjustments, and alter UDC’s balance sheet exposure every reporting period. UDC had a total monetary asset value of $6,611,688; and a total monetary liability value of $3,894,188; thus, resulting in a net monetary asset position of $3,894,188, meaning UDC was net asset exposed at EOY 3. When net asset exposure is coupled with foreign currency appreciation, the result is a remeasurement gain. UDC experienced a remeasurement gain of $918,839, which constitutes 23.85% of net income for the year. As observed, net income can be largely affected by remeasurement gains and losses. Translation adjustments aren’t realized through inflows or outflows of cash; however, they can be particularly alarming to investors who focus on earnings-per-share, price-earnings, or other accounting ratios. Despite the fact UDC experienced a remeasurement gain for the year, a remeasurement loss was equallyShow MoreRelatedMarketing Ch-91075 Words   |  5 Pageschoice that best completes the statement or answers the question. _C___ 1. According to your text, ____ are small technology-based firms operating in international markets within two years of their establishment and realizing as much as 70 percent of their sales outside the domestic home market. a.|natural globals| b.|multinational corporations| c.|born globals| d.|born multinationals| e.|multinational enterprises| __B__ 2. The Mont Blanc Company plans to export expensive consumerRead MoreSocial Responsibility in Stakeholder Theory1509 Words   |  7 Pagesbased on stakeholder theory. 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Saturday, May 16, 2020

Dynamics Of Modern News Industry - 896 Words

Dynamics of contemporary news industry is complex and challenged as almost all aspects of gathering, producing, delivery and reception is changing (BBC 2015b; Franklin 2014). Any technological changes occurring in an era will affect the publics it served (Pavlik 2000). Technology has always affected journalism since its beginning. The use of telegram and then telephone besides other inventions as part of news processes are examples of previous journalistic adaptation of technologies into its practice. Similar to other earlier forms of technology that have altered journalism in the past, the arrival of the Internet and the technologies it carry has further enhanced contemporary journalism. Media convergence is a phenomenon where communication technologies, computer networks and media content merge as a consequence of digitalisation of media and popularisation of the web (Flew n.d.). Media convergence and digitalisation occurring within Internet technologies emphasizes two pivotal factors between Internet technologies to date compared to previous. Firstly, Internet’s latest technologies gave way to increased news speed (Pavlik 2000; Juntunen 2010) and alters many facets of journalism in methods of news gathering, production, distribution and consumption (BBC 2015b). Various media are connected to one another allowing easy accessibility, connectivity and dissemination of information upon real-time happenings. Enhanced connectivity and easy accessibility to informationShow MoreRelatedSanger Automotive Companies: the Fisker Franchise Decision631 Words   |  3 Pagesagricultural sector. As a result, this sector has been transformed from a conventional and passive sector that focused on single commodity to a dynamic, diversified and modern sector. There are many challenges faced in the agricultural sector. 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Wednesday, May 6, 2020

Nuclear Energy And Fossil Fuel - 992 Words

Throughout centuries the debate on what is better the use of nuclear energy or the using of fossil fuel? People over the years have been debating on a realistic way on saving energy but also having an efficient amount of energy to generate millions of homes and places. The two sources of energy that are mostly used are nuclear energy and fossil fuels. Often people say that nuclear energy is the best approach while others believe it is the burning of fossil fuels. These two sources of energy have their own pros and cons when it comes to this debate. Nuclear energy is a source that supplies electricity the way it does this is according to NNR or the National Nuclear Regulator is that the energy is released during nuclear fission or fusion. The releasing of these energies is taken in a facility called nuclear power plants. In a recent World Statistics taken by the NES (Nuclear Energy Summit) nuclear power plants provided 10.9 percent of the world s electricity production in 2012. Also in 2014, 13 countries relied on nuclear energy to supply at least one-quarter of their total electricity. Countries including France that use up to 76.9% and Sweden using 41.5%. Nuclear energy is efficient also relatively cheap the initial construction costs of nuclear power plants are large. However when first built the costs that is left is to enrich and process the nuclear fuel control and get ride of nuclear waste. The reason this is an advantages is that nuclear energy is cost-competitive.Show MoreRelatedEssay on Nuclear Energy as an Alternative for Fossil Fuels2822 Words   |  12 Pages The need for nuclear energy is more widespread today than it has been for decades. Drastic climate change and the rising prices of fossil fuels such as oil have made many scientists seek an alternative energy source. Although nuclear energy has been around for decades, the use of it has always been approached by pessimism. 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Geography Of The Middle East - 784 Words

The Middle East is big and a different geographical region found in the southwest Asia and northeast Africa. In fact, it spreads over 2,000 miles from the Black Sea in the north to the Arabian Sea in the south. The Middle East region embodies a parts over 5.0 million square miles. However, the psychical geography of the Middle East is diverse. Many vast deserts are discovered in the region. Geography plays an important part in the foundation and conservation of cultures. Geographical landscapes carry trade and industry and governmental resources. As an illustration, the Mesopotamian and Nile Rivers can provision an opulent cultivated immoral, however simply if the water circulation be able to be continued and well-ordered through irrigation systems. In addition the affluence of these areas has be determined by the government’s capability to sustain irrigation systems done a long period of time. The benefit of the fundamental government being able to retain the irrigation s ystems in decent occupied directive, it will caused fine-irrigated turfs to yield additional harvests, which the profit will be taxed in helping to funding the government. Everyone is tied together in some way and need each other to maintain what they need and to keep supportive income coming in. As well as, these resource is what the society needs to survive. Currently, the prosperity in Middle Eastern soil originates not from crops, however from oil. It is very essential to have oil or gasShow MoreRelatedThe Modern Middle East641 Words   |  3 PagesThe Modern Middle East Student’s Name University The Modern Middle East The Middle East is a region of Western Asia and Egypt; some of the countries in this region are Turkey, Saudi Arabia, Iran, and Iraq. According to Anderson, Seibert Wagner (2006), this region is of vast geo-economic importance and since ancient times, it has been a center of world affairs. This part matters to almost all superpowers. The geographic factors that contribute to theRead MoreThe Middle East: A Brief Overview Essay1116 Words   |  5 Pageswithin body of essay nbsp;nbsp;nbsp;nbsp;nbsp;The Middle East is a region in Southwest Asia that includes the countries of Saudi Arabia, Yemen, Oman, U.A.E., Kuwait, Iraq, Jordan, Israel, Lebanon, Syria, Cyprus, Turkey, Iran, and Afghanistan. The aspects that make up all that is geography in the Middle East include physical geography, economic geography, religion, and human history. The Middle East is known for its physical geography, being the largest area of dry climate in the world. nbsp;nbsp;nbsp;nbsp;nbsp;SouthwestRead MoreEssay about European Colonialism and Imperialism992 Words   |  4 PagesLuck.† One of the main reasons for European colonialism and imperialism was the axis and climate zones. Having a long east-west axis results in the same climate zone and same day lengths. 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Syria capitalRead MoreDifferences Between Physical And Human Geography Essay1152 Words   |  5 Pagesbetween physical geography, human (or cultural) geography, and regional geography. Give examples of each. A: The major difference between physical and human geography, is that physical geography exists without the presence of human beings, as where human geography is a byproduct of human activity on the earth. Regional geography is a study of both physical and human geography with in a specific spatial unit. Mountains, and oceans or seas are great examples of physical geography. They have been createdRead MoreImportance Of Geography Essay873 Words   |  4 PagesJustin Merry What is geography?......... And why do we study it? Geography is knowledge of not only where places are, but also why and how they are there. And also predicting where places may be in the future. The word geography originated from the Greeks. It literally translates to â€Å"Earth Description†. Which makes sense because thats exactly what geography is. Geography is an all encompassing discipline that seeks an understanding of the Earth and its human and natural complexities. Two termsRead MoreStrategic Piece Of Middle East Peace1189 Words   |  5 PagesStrategic Piece to Middle East Peace Over the past thousand years, Oman has occupied a key strategic space in the Middle East stratum. With its vast mountain ranges, desert terrain, and steep cliffs along the coast, Oman over the years has proven to be very difficult to invade. This has allowed Oman to repel the majority of attacks from foreign militaries and maintain their sovereignty. The Southern and Eastern coastline of the country represents the key that makes Oman so important to the strengthRead MoreOman And The Middle East Stratum1183 Words   |  5 Pagesstrategic space in the Middle East stratum. With its vast mountain ranges, desert terrain, and steep cliffs along the coast, Oman over the years has proven to be very difficult to invade. This has allowed Oman to repel the majority of attacks from foreign militaries and maintain their sovereignty. The Southern and Eastern coastline of the country represents the key that makes Oman so important to the strength of the Middle East. Oman is a major piece to t he peace in the Middle East. Oman lies inRead MoreBeruit to Jerusalem by Thomas Friedman Essay1526 Words   |  7 PagesThomas Friedman The ongoing problems of the Middle East are complex and difficult to understand. In Beirut to Jerusalem Thomas Friedman uses the different tools to assess the state of affairs in the Middle East. Friedman uses the social sciences to analysis the situation that he observed when he was in Beirut writing for The New York Times. Being that Friedman is Jewish I rode off the book as a one-sided view of the happenings in the Middle East. What I found was quite the opposite; FriedmanRead MoreInformative Speech Outline - Puglia, Italy Essay826 Words   |  4 PagesSpecific purpose: to inform my audience about the geography, history, economy, culture and cuisine of Puglia (Apulia), Italy Central Idea: Apuglia (a lesser known region in Italy) has some of the brightest seas and beautiful landscapes, rich history, diverse culture, mouthwatering food and kindest people of Italy. Introduction I. How many of you have heard of the Tuscany or Sicily regions of Italy? Or the bigger cities of Italy: Rome, Milan, Naples or Venice? A. Most people in the United

Macroeconomic stability free essay sample

Keynesian approaches in achieving long run macroeconomic stability The two schools of economic thoughts have different perspectives on how macroeconomic stability can be achieved. Keynesian economics became prominent when John Maynard Keynes introduced the concept of active participation of government in stabilizing the economy. This was because the private sector alone was not able to sustain stability due to inefficiencies in the free market philosophy that was the premise of classical economics. Keynes advocated two important policy models that would ensure continuous macroeconomic stability and is based on interest rate policies, tax policies and spending during different times to smoothen the business cycles which are responsible for macroeconomic instability (Roncaglia, 2011). These policies are known as fiscal and monetary policies and its objectives are to ensure stable prices, reduced/stable inflation rates, employment and production. Keynesian theorists can achieve macroeconomic stability by use of expansionary fiscal policies during economic downturns like in 2008. Interest rates should also be lowered to increase money supply and consequently increase the aggregate demand. The two Keynesian approaches help stimulate the aggregate demand during economic crisis. During times of boom, interest rates should be increased and taxes increased in order to reduce the money supply in the economy to avoid runaway inflation. Keynesian economic policies ensure that aggregate demand, employment, prices and production are maintained at stable levels with minimum fluctuations. Keynesian theorists also have various ways of achieving this goals through both the government and the central banks which have the mandate to use such policies. Monetarists approach in achieving macroeconomic stability Monetary theorists subscribe to the monetarism concepts which consider the role of governments in controlling money supply as the best solution to achieve long term macroeconomic stability. Milton Friedman is one of the prominent monetarists who argue that the economy is dependent on the supply of money in the economy. Therefore in order to achieve macroeconomic stability over time, governments need to constantly increase the supply of money. The supply of money however should be relative to the GDP of the economy because the supply of money directly affects any variable related to output. These variables are employment and prices (Ardalan, 2011). A common perspective in policy is to increase money supply. This calls for reduction of interest rates by central banks such that commercial banks and other financial institutions can access money cheaply from the monetary authority. This will lead to an increased borrowing from households and businesses (Lulla, 2009). On the part of households, aggregate demand will tend to increase thus sustain a stable supply side of the economy. On the other hand, increase in money supply increases investments by businesses and thus helps increase employment. The monetary policy of lowering the interest rates also can be directed to government securities. This is where the return on risk free treasury bonds are lowered such that people do not buy the so much but rather chose to spend the money. The effects is that demand will increase as well as private investments and thus high productivity and employment. These approaches however are not very sustainable since it easily can lead to inflation due to technicalities in computation of the appropriate rate of increasing money supply over time. Impacts of persistent budget deficits on the trade deficit and its remedies Budget deficit refers to the negative difference between the total governments’ revenues in terms of tax and it expenditure calculated within a fiscal period. The budget deficit is not considered a good sign since it means the government is spending more that it collects through various activities (Rossi, 2010). On the other hand the trade deficit refers to the negative balance between a country’s net exports and imports. Budget deficit in itself can be problematic because it means that the government is borrowing more to cover the budget. This means that the economy is constrained by lowered growth due to steps taken to fill up the deficit. Budget deficit means that government increased its expenditure and reduced it tax collection and to fill the deficit, it has to borrow from the public or increase its tax. Borrowing through sale of attractive government securities will result to crowding out effect in the private sector. Printing money to finance the deficit will lead to inflation. This therefore means that a sustained budget deficit has serious implications on the economy and the open economy will also be affected. Trade deficit represent the open economy in terms of exports and imports. Sustained budget deficits will lead to reduced imports if the government decides to increase taxes and cut its spending. On the other hand, the use of treasury bonds to borrow money reduces the demand for exports since the attractive interest rates shifts focus of foreign importer to the securities and not the local products being exported (Weerapana, 2003). This leads to a decline in exports in the long run if the budget deficit continues. The remedy to this challenge is to pursue a continuous policy that reduces borrowing from public, reduces government expenditure and increase tax to reduce budget deficits which tend to increase trade deficits over time. Reducing trade deficits can also be approached when there is increased national savings. In most cases, households save more in anticipation of future changes in the economy. Households will also save in order to pay taxes which they consider are deferred when there are huge budget deficits. Increasing taxes when national saving will therefore help reduce the trade deficits because it increases exports and reduce imports. Supply-side economists and government deficits Supply side economists believe in increasing the supply of goods and services as a way of taming various macroeconomic problems. These economists argue that there are several barriers to production of goods and services and if these barriers are removed or reduced, production will increase and prices will stabilize. Primarily, they identify taxes and too much regulation as a big challenge to economic growth and productivity. Increasing tax reduces the economic exchanges between agents in an economy since it takes away a proportion of profits earned. This leads to low demand and also low supply and higher prices which may discourage consumers. However, reducing tax rates increases investments and consumption alike (Rossi, 2010). Similarly, supply side economists argue that reducing regulations affecting the various economic processes increases the rate of economic activities and more investments. This view however conflicts with the running of the open economy. Reduced tax rates means government revenues against its spending declines leading to budget deficits and therefore the supply side economists do not provide the much needed remedy to economic growth. Their view is thus not adequately considered exports and imports and their implications on budget deficits. This is because when tax rates are lowered on income and capital gains, people will have lots of income to consume and consequently increase demand for imports. Although domestic production may increase, demand for imported goods will tend to rise. Similarly, the demand for imported goods will weaken the local currency due to high demand for foreign currencies and thus creating a huge budget deficit. It is also observed that the supply side economics also might not consider increasing tax even when national savings increase due to high income levels which will see extra income being saved more than it is invested. National economic policies and the magnitude of the trade deficit The US deficits have been rising in recent years due to policies that clashed with economic growth. For instance, the medical insurance program commonly known as Medicare/Medicaid has been heavily financed while revenues for the government reduced. This health policy is one of the national policies that contribute to the growing deficits. Income tax revenues from individuals have fallen by 3. 5%GDP while the tax from payroll also decline by 0. 8%GDP in 2011. Tax cut policies during and heavy financing of military activities have pushed the deficit gap even wider after the great economic recession. The recession complicated efforts maintain tax revenue collections and maintain exports at previous levels. The growing support for unemployed Americans after the crisis also lead to further deficits. The US economy has also been seen to depend highly on debt to fill its budget and resulted to China being the biggest holder of US debt. However, the US is pushing forward policies that will see increased national savings and pushing for China to allow flexible exchange rates system. Budgetary reforms also form core policy options to deal with the deficit crisis. Protectionist policies: its benefits and impacts on trade deficits Protectionism is the economic practice that employs strategies to cushion domestic industries from competitive foreign firms. Countries often want to ensure that their local industries grow and make profits. However, with international trade and globalization growing rapidly and inevitable, there need to be measures taken to ensure protect the local firms from competition. Most of protectionism policies include tariffs, environmental legislations, import quotas, export subsidies, exchange rates policies and other policies that favor local industries and put some pressure on the imports and foreign firms. Tariffs are basically tax rates that are subjected to goods imported. On the other hand, legislations like anti-dumping laws, standard settings and many compliance certifications imposed on imported goods are meant to control the consumption of imports (Rossi, 2010). These policies help governments to improve local consumption and growth of industries in order to compete with other international firms. The impact of these policies is reduced or controlled imports and somehow increases exports. It is however not sufficient to boost exports since almost every country also practices some sort of protectionism in international trade. Nevertheless, a protectionism policy helps to boost trade balance since it restricts unnecessary imports. Countries like the US whose trade deficit and budget deficits are high are employing policies that have been criticized to be protectionist in nature (Russell, 2013). These policies are sometimes hard to identify as protectionist. China’s pegging of its currencies against other currencies has been labeled as protectionist despite being acceptable in the global money market. Countries like US can however consider protectionism to tame the rising demand for cheaper imports from china.

Tuesday, May 5, 2020

Ethics and Values in My Life free essay sample

There are many values that revolve around my life for a better life, but the 5 important ones are: 1. Integrity   Do the right thing! This is the most import value and I consider it to be the foundation of achieving a better life. 2. Courage-  Face your fears accept and take on new challenges. The moral and mental strength that allows for the acceptance of new challenges without regards to the fear that may lie beneath. 3. Contentment   The pursuit of contentment is a state of mind established by fulfilling your basic needs. Action- Do not wait until tomorrow when it can be accomplished today. 5. Respect  To treat people as you would like to be treated. I operate on two value systems in my professional life. This is not necessarily a negative approach since they don’t conflict with each other in fact, they go hand in hand. I believe that your personal values drive your professional values. We will write a custom essay sample on Ethics and Values in My Life or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page You don’t just develop professional relationships in a work environment but informal relationships too and sometimes they can be more important as it can drive people to take decisions for the benefit of the organization. For example, having good ties with your direct subordinates can help to retain employees. One can’t always put a price on a comfortable business environment and it maybe the reason workers remain loyal to the organization. In another instance, to achieve contentment one works hard to have access to basic needs and that means doing your job well which is in line with professional competence at work. Before I took admission in the MBA program, I worked as a business partner of a small clothing business in my country. My partner was a good friend and my decision to start a business with her was her commitment to providing unique designs of clothes that maximized customer satisfaction. I often thought of expanding the business but she decided to grow slow as fast expansion can often be uncontrolled and it can cause compromise on quality. Although I agreed with her premise, I thought it could be done in a harmless way. I was approached by an acquaintance who offered to supply cloth for our business. I jumped to the idea as one part of expansion was to build a strong supply chain. I discussed the idea with my business partner who was interested but pointed out that we can’t just take this decision because I knew the potential supplier personally. We have to carry out research before we make a decision since we can’t risk our business and the money of our two investors. While we tried to establish an idea of the reputation of the supplier, I was offered generous gifts by her and was tempted to take her offer because I assumed her principles and commitment to perfection on the basis of what I knew of her past. She also offered to invest in our business which was a very attractive offer. A person who had a personal stake in the business would ensure best standards of operation. From what we got to know about her business was that it supplied cloth of not very good quality, which would affect the quality of our product and could bring disrepute to the business. This actually challenged one of my value ‘objectivity’. For the benefit of our business, I was required to be objective and not let her gifts to cloud my judgment. This was in line with maintaining integrity since we had a customer base that trusted us and we were required to deal fairly with them. It required courage on my part to reject her offer but it was what I needed to do for the benefit of the business and its stakeholders. I am actually very content that I was able to stand firm and did not throw away my beliefs just for some material gains.