Economic overview of BRICS †Country Assessment-INDIA Essay Example

Economic overview of BRICS – Country Assessment Economic overview of BRICS – Country Assessment-INDIA Essay Economic overview of BRICS – Country Assessment-INDIA Essay Economic overview of BRICS – Country Assessment-INDIA Name: Course: Date: Economic overview of BRICS – Country Assessment-INDIA In 2003, the American Investment Bank Goldman Sachs introduced the term BRIC to their economic papers in an economic report. This acronym is used by the organization when referring to four nations including Brazil, Russia, India and China. In accordance with the report, BRIC countries have the potential of becoming the leading economic powers along with Japan and the United States come year 2050 (Kumar, 2011). The report forecast maintains that BRIC countries will exhibit increased capital demand, higher returns, and stronger currencies. Furthermore, the research revealed the risk ratings for each country, business environment opportunities, and a thorough examination on exports, imports, GDP, and PDI. India Current Situation Goldman Sachs established that India was the second largest nation in terms of the global economy in 1777 with a twenty percent contribution to the global economic output. However, the late 1970s saw the countries economic contribution plummet to three percent due to two centuries of a stagnated economy. In 1991, India implemented new strategies that were designed to reduce obstacles on economic freedom. Since this strategy was implemented, India has been among the rapid growing economies globally (Kumar, 2011). Goldman Sachs forecasts that India bears the potential of raising its economy by a twenty percent margin come year 2020. The key factor to this prediction lies with the resilience of India’s government to maintain its strategic policies on growth implementation and support. The fundamental point behind the economic growth in India is regarded as the result of manufacturing industry productivity since 2003. This growth has also led to the rise in efficiency of private firms. The speed of transitional growth in India can now be compared to other nations in East Asia. The underlying factors amounting to the increase in efficiency have been attributed to favoring trends within international trade, financial sector growth, adoption and investments in information technology and communication. These positive effects on the Indian economy are also results of the implemented reforms across the decades. In addition, the relocation of labor, land, and capital resources from the dwindling agriculture sector to the high producing, service industry has in particular sustained growth and development of India’s economy. Trade openness, information technology investments, construction of highways, cheaper credit have all boosted the returns of the service industry (Kumar, 2011). These processes form the initial stages of development in India and are the dictating factors on the Goldman Sachs’ economic forecast on the Indian nation. Five Year Economic Forecast to 2016 – India India’s GDP had decline be 2.7 percent as at 2011, and its resurgence has been slow through 2012. The industrial output has been weak but minimum wage has risen by 51.1 percent. Investments from loan savings are expected to grow, and business and household loans have doubled in terms of GDP (Preuss, 2012). However, the manufacturing industry in India continues to slump with the latest output data showing a .05 Percent fall. The fastest growth rate was exhibited in printing, reproduction, and publishing of recording media with a remarkable 54.3 percent rise (Preuss, 2012). From this trend, it has been established that GDP is expected to have a growth of 7 percent in the by the end of next year with an average growth rate of 8 percent every year from 2012 to 2016. This rate of growth will be mainly driven by private investment and consumption. The table below shows India’s GDP forecast from 2012 to 2016 in US billion dollars. 201220132014201520164,824.5515,254.5805,734.5796,276.2426,873.984 Country Risk Rating The Indian economy has exhibited a slow growth rate after a long period of monetary, tightening policy and inflation. Growth has only registered 5 percent between January and March 2012, the lowest growth level in nine years (Preuss, 2012). Throughout 2012, growth rate is expected to remain stagnant and far below its average. The policy on relaxing money implemented earlier in 2012 may not have a significant effect because of inflation and concerns for diminishing value of the rupee. The balanced structure between consumption and investment – which explains the country’s success- is beginning to stall. The manufacturing sector is expected to exhibit declined performance but services industry will maintain its dynamic performance (2012). Regional elections held in the countries five states ultimately slowed structural reforms on the tax system, infrastructures, and education. Moreover, government shortcomings cripple the country’s progress through corruption. Several scandals were made public most notably with the commonwealth games and forwarding licenses for telephone mobiles. Furthermore, India faces internal divisions, external security threats including terrorist threats, state-level disputes, and insurrection movements. Combined with weaknesses in policy implementation, these risks imply that the progress of India in terms of growth will be stifled and may rank lowest among the rest of the BRIC countries. Regarding the other three BRIC countries, Brazil bases its strengths on readily available business information, a successful legal environment, accepted business regulatory quality, and capable workforce. Deficient infrastructure however remains the main weakness for Brazil. In China, access to financial information is often opaque and difficult to obtain and in some cases, the reliability of accounts is poor. The protection offered by the legal environment is only provided to foreign creditors in particular. The workforce is relatively trained and the infrastructure is satisfactory. In Russia, they rest their main strength on general skills with the civil service offering general efficiency. Creditors are offered little security by the legal environment. The business environment is undermined by poor law enforcement. Furthermore, transparency regarding ownership and information remain inadequate. According to Goldman Sachs, the BRIC countries are in engaging in efforts aimed at turning their weaknesses into opportunities and fueling their strengths to boost their economy. India will focus on following up on policy implementation and quelling corruption scandals that plague the country. Brazil plans build on its infrastructure including communication, schools, and roads. These kinds of projects will boost the economy and provide employment for the capable workforce. China mainly plans to make its legal environment favorable foreign creditors to encourage investments within the country. Russia on the other hand aims to harness the skills of its workforce and strive to quell poor law enforcement on policy management. Goldman Sachs establishes that these factors were put into consideration hence giving rise to the forecasted economic status of the BRIC countries. Trillion US $ 2012 GDP 2016 GDP 2012 PDI2016 PDI2012 IMPORTS 2016 IMPORTS 2012 EXPORTS 2016 EXPORTS Brazil718952 8456751346355321Russia9171232 7057858966867618India10111411 18174233321808928868China33164754 12229186001357818975 India Business Environment Rating Progress is expected in efforts aimed at simplifying the country’s burdensome tax policy and this along with the manufacturing industry, will remain the weakest business environment areas in India. A sluggish pace in reforms and shortages, in skilled labor, will continue to weaken the country’s investment environment. Furthermore, the repercussions of the global crisis experienced in 2008 are still visible through slow development of the financial sector and limited resources for improving the nation’s infrastructure, education and healthcare (Preuss, 2012). However, the forecast period maintains that India’s business environment will become favorable. The Indian government will ultimately become more selective when granting access to foreign firms within the country. Highly resourceful countries have greater advantages of acquiring easy access to current technological trends. Considering this premise, it is imperative that developing countries such as India double their efforts towards maximizing their opportunities associated with offers based on E-business. In this current age, nations with low resource levels are capable of accelerating their development. A combination of this development with ICT- based infrastructure will open opportunities in knowledge-based economies. India falls under this category since it is a developing nation with reliable resources. Therefore, should the country work towards quelling factors that hinder its development, it would be ready to engage in E- business. Tradeoff According to Motamen-Samadian (2009), trading the country risk degree versus business environment ratings for India in terms of market size would involve evaluating the limit of potential return from India: country’s current size and state characteristics that may hinder development. This would be followed by assessing the risks hindering the potential returns. This would involve an evaluation of the political, economic and business environment that offer uncertainty regarding the realization of the potential returns. Tradeoff would therefore, be achieved by balancing these two variables. Trading the country risk degree versus business environment ratings for India in terms of market growth would involve concentrating on the role of country risk and institutional indicators in predicting the financial performance of India. Country risk rating has a negative association with its financial performance. Therefore, trading off would be achieved by balancing productivity against profitability of the country. Reference Kumar, N., Asheulova, N. (2011). Comparative analysis of BRIC countries. Annals of Library and Information Studies, 58, (3), 228-236. Motamen-Samadian, S. (2009). Risk management in emerging markets. Houndmills, Basingstoke, Hampshire: Palgrave Macmillan. Preuss, L., Barkemeyer, R. (2012). Emerging country economies: is India a different shape of BRIC?. Corporate Governance, 11, (4), 371-385.

Living Abroad Essay Example | Topics and Well Written Essays - 1250 words

Living Abroad - Essay Example Access to other states provides the freedom of choice to those people who are not content with limits and intend to broaden own mind. Because traveling is not just a matter of good time-spending, it is also a process of studying, which assists to elaborate new kind of perception, comprehension and emotional arousal. When a person visits various places all over the world, he gets acquainted with foreign culture, lifestyle, customs, morals and manners. This in its turn makes him wiser, more mature and intelligent, enabling to come up with totally new ideas, thoughts, attitudes and sometimes absolutely new dreams. The more a man sees, the faster he saturates own mind with knowledge that helps him to develop own personality and grow. Nature gave us unlimited abilities. That is why our task is to improve ourselves no matter what level we have already reached. Regrettably, not everybody has inner intention to get smarter and more educated, but those who really have it try to perceive as mu ch information as possible. And partly we are able to implement the mentioned plan with a help of different people during communicational process and various places that have own history and events. Therefore, traveling contains several functions, one of which is experience along with self-development. Being an everlasting dreamer by nature, I have a list of goals that should be attained on specific stages of my life. The biggest of them is to make a trip all around the world. It is definitely not an easy scheme, which can take a lot of time, but I am absolutely confident that this dream is worthy having a try. In my opinion, there is nothing so amazingly impressing than to admire foreign countries, hearing another language, searching for places of interest, tasting national food, trying to have a chat with local citizens, and just wandering with a map from one street to another in a hope to find the right direction. Traveling is not just another kind of entertainment, for many peop le it is a real way of life without which they can not imagine own existence. Visiting other countries manages to broaden person’s outlook, making him stronger and capable of great endurance to changing conditions of surrounding atmosphere. It is not random that usually a man who travels a lot turns out to be rather interesting interlocutor, because his way of life allows him to be aware about many things that are hardly known for those people who never go out of native town. A traveler can teach you a lot due to his wide experience and high intelligence. Such person is steadier to foreign environment and there is less possibility that different stressful situations will be able to break him down and push to give up. When you see many things, you become ready for unpredictable issues, which for stay-at-home people can be unsolvable. That is why traveling gives you a considerable advantage, endowing with knowledge that can become essential and rather useful in the future. For example, it is known that each country has its own rules and ethics which need to be followed when you make a visit or deal with people originated there. Hence, in China it is considered to be normal when a person leaves some food on his plate, which means that he is full up and content with master’s hospitality. This is a sign of respect and gratitude. However, in United States of America such gesture can be accepted as offence. People may think that you did not eat up because in your opinion the food was not delicious, even

ENTREPRENEURSHIP IN THE PUBLIC AND PRIVATE SECTORS Essay

ENTREPRENEURSHIP IN THE PUBLIC AND PRIVATE SECTORS - Essay Example They are therefore coming up with new models and innovations to solve health issues, social problems, conflicts, and environmental concerns such as global warming with principles which may not or may directly involve setting up an enterprise for trading. I will therefore highlight the main concepts and approaches that may be used in the development of entrepreneurship within non-profit and in profit making organisations. I will also outline the challenges, risks and opportunities that the healthcare sector (voluntary and profit-making organisations) in the UK experience when adopting these entrepreneurship skills citing an example of the Royal College of Nursing. Its goals and objectives as it strive to enable students to gather enough knowledge on entrepreneurship (RCN Entrepreneurship team report, March 2007). Finally, I will discuss in detail how entrepreneurship concepts can be applied in day to day running and development of business globally. In a layman's language, entrepreneurship is the starting in of a new business either existing or a totally new innovation (Berger, 1991). The history of entrepreneurship dates back to 1950 when a lecturer at the Austrian school of Economics Joseph Schumpeter developed the idea and defined an entrepreneur as a person who turns an invented idea into a meaningful business by pioneering change through actions. The common definition of entrepreneurship is the practice of developing new businesses in response to an identified opportunity within a specific sector. Entrepreneurship is a difficult adventure that is usually characterised by massive investments, employment of skills, research and capital. Schumpeter also argues that entrepreneurship entails any principle that advocates for risks undertaking for the sake of gaining a profitable advantage. This means that opportunities are discovered, exploited and practiced with a view to engage in a business venture that is more likely to gain a market share from the existing types (Bhide, 2000). It can also be viewed as the development of new products, production methods, entering new markets or forming new organisations. Characteristics of an entrepreneur (Berger, 1991) He has to have a driving force for the business. He is very enthusiastic in nature and vision-wise. A quick decision maker and a positive thinker. Translates his vision into a success. A strong persuader who seeks to have other people on board. Has very high aptitude. It is not usually easy to develop an enterprise and as quoted by Dr. Stacy of the Harvard School of business economics, it takes a lot more analysis and considerations from the undertaker of entrepreneurship process (Reinhardt, 2000). She also suggests that, the main stages that are commonly applied in the profit-making and non-profit organisations would be classified according to the ability of the business to quickly catch up with the current business momentum most importantly form the inventor himself. The first stage of development is the inception stage which first starts as an imagination from the entrepreneur in that opportunities are identified, studied and defined. The concept of the business idea responds directly to the defined purpose and need. At this stage, issues of capital, partners and viability of the business are looked into. The entrepreneur at this stage is keen on getting policies,

Why a BSN is the future over ADN Essay Example for Free

Why a BSN is the future over ADN Essay Associate -Degree Versus the Baccalaureate degree level in nursing My theory is that the more education a nurse has the better he/she can be at their job of taking care of patient as a whole and on a complex level. To obtain a Nursing Degree one can start at the LVN or go all the way to a PHD in nursing. This paper will focus on the abilities or competencies of a prepared Associate Degree nurse, and the abilities or competencies of a Baccalaureate Degree Nurse. This is a hot topic now and has been for many years. I have been hearing for many years that ADN will be phased out, and only BSN will be used in the future. The time period in which to mandate this event is governed differently by the state where the nurse works. There are catchy phrases out there like BNS in 10, or BSN by 2020. â€Å"As of 2010, at least 18 states, including New York, New Jersey, were considering BSN in 10 legislation.† (nursing link 2011, 07.) The first step is to define nursing. â€Å"Nursing is the knowledge based discipline, which focuses on the wholeness of human being.† The ADN nurse and BSN take a different approach in teaching their students. They both take the same state mandated NCLEX, but have a different time of training. â€Å"The Associated Degree takes a shorter path of two years where the BSN takes a longer with 4 years of education to complete the degree.† Now to break this down and let you know the difference of a 2 and 4 year nursing program. The Associate trained nurse is more task oriented, while the BSN is based on theory and research. I having a diploma hospital based program spent 4 or more days in the hospital setting, but my wife has her BSN and she tells me she usually only spent 1 or 1.5 days at the hospital. I see this now also, where I work we see the Associate nurses more than the BSN students. The clinical experience is only part of what a BSN is exposed to. â€Å"You will receive crucial training in key areas like communication, leadership and critical thinking enhanced knowledge that will become ever more valuable in the complex and changing future of health care  delivery.†(NY Times 2012,06). In short a nurse that takes the extra time of going to a BSN is better educated to take care of their patient’s special and unique needs. Can provide a higher level of care and uses the tool of critical thinking as part of their treatment process. The arguments of BSN over Associate diploma will be supported with the following examples. The Association of College of Nursing provided examples and has linked it to better outcomes for patients, and is pressing for a higher educated nursing force. â€Å"In the October issue of medical Care, researchers from the University of Pennsylvania found that surgical patients in Magnet hospitals had 14% lower odds of inpatient death within 30 days and 12 % lower odds of failure to-rescue comp ared with patients cared for in non- Magnet Hospitals.† (aacn. 2012.10).This research is reflective of Magnet hospitals have a higher proportion of BSN. The push for higher education in nursing work force had shown to be beneficial. In its October 2010 report The Future of Nursing, the Institute of Medicine states â€Å" and increase in the percentage of nurses with a BSN is imperative as the scope of what the public needs from nurses grows, expectation of surrounding quality heighten, and settings where nurses are needed proliferates and become more complex.† Institute of Medicine 2010). This means that the population is getting sicker, living longer, becoming more complex to treat, and are in need of higher educated nurses. Knowledge of basic nursing skill in is not enough to get by on you need a higher level of education. â€Å"According to the IOM Institute of Medicine, core competencies for today’s nurse include : Leadership, Healthy policy, System improvement, Research and evidence-based practice, Teamwork and collaboration, Competency in specific content areas such as community and public health and geriatrics, and Technological knowledge.† (nursing link 2011, 07.) This means that nur sing educational need are an ongoing process to meet the special needs of our complex, elderly, and sick patients. An advantage that a BSN will have over an Associate nurse is job opportunity. In the world of professional nursing BSN are chosen before, and is some case required to be in management position. Also it opens the door for further education such as but not limited to Certified Registered Nurse Anesthesia, Nurse Practitioner, and the list goes on, but these are my hot buttons. To conclude this paper it is imperative to pursue a BSN degree. It helps provide a higher level of care  to the population needs. Patient outcome has been proven to be improved. At some point a BSN is probably going to be mandated any way. The information here strongly supports the need for a BSN education. The oppurinity is out there. However one pursues a higher education on line, or in the classroom lets up the bar to give our population the highest level of care they deserve. References Fink, J. (2011, 07 11). 6 reasons to get a BSN. Retrieved from nursinglink.monster.com/education/articles/3542-6-reasons-to-get-a-bsn?print+=true. Marybabu. (2012, 02). Bsn vs Associate Degree in Nursing. Retrieved from studymode.com/essays/Bsn-Vs-Associate-Degree-In-Nursing . Medicine, I. o. (2010). The Future of Nursing. Washington, DC: National Academies Press. PÉREZ-PEÑA, R. (2012, 06 23). Why a BSN? The New York Times, pp. 1-2. Rosseter, R. (2012, 10 24). American Association of nursing Creating a More Highly Qualified Nursing Workforce. Retrieved from www.accn.nche.edu/media-relation/facts-sheets/nursing-workforce. Smoothieshah. (2012, 08 30). Difference between adn and bsn nurses. Retrieved from studymode.com/essy/Differences-between-adn-and-bsn.

Old Memories :: essays papers

Old Memories "I put your red sweater under your flannel shirt. The red one is warmer than the gray one so wear it when the temperature gets low. Inside the black plastic bag is some medicine. These are for cold and flu. Take them when you don't feel well. If you start coughing, take those green capsules plus one of these yellow antibiotics. Remember, just one. They are really strong. Don't take those white tablets during the day because they make you feel drowsy. But if you . . . " â€Å"Mom, I know, I know," I said impatiently. It was August 2000, a few days before I left home for college. Mom tried to squeeze everything that I might need into the boxes she took from Safeway. I watched her putting things in, taking them out, and then putting them back again to make sure that things stacked on one another as perfectly as the pieces of a jigsaw puzzle. Finally she was convinced that no one could squeeze even one more molecule into any of the boxes, and she looked satisfied. My things stuck o ut of the top like the stomach of a three-hundred pound beer drinker. The picture of things jumping out like Jack in the box when I opened the boxes ran through my mind quickly like a five-second cartoon. "I am not going to take those with me," I thought. In my mind, I was thinking about how those people in the PBS travel programs always fascinated me. I often imagined myself traveling in different countries with a single backpack hanging on my back that showed so much carefree leisure and mature independence. I could sleep in a park or in a subway station because a true traveler could feel at home anywhere. The idea of carrying some awkward luggage simply did not appeal to me. I also thought she worried too much. After all, I was eighteen years old and already graduated from high school. I had learned many things from books and I knew how to deal with different people. Her "you-are-still-a-little-girl" tone sometimes irritated me, and her doubt of my ability made me more eager to prove myself. Therefore with much confidence I left, like a young b ird flying from the nest, without even looking back at its aging parents.

Neonatal Nurse

Job Outlook of a Neonatal Nurse Modern-day fertility treatments have made the dream of parenthood come true for thousands of people. Each year, more advancements are made in this field, and as fertility treatments become safer and more available they are also becoming more common. However, with the advent of fertility medicine has come a sharp rise in multiple and premature births, sending more newborns to the NICU. All nurses count patient care among their most important responsibilities, but an ill or premature newborn needs round-the-clock monitoring and care.In addition to the high-pressure environment of the NICU, neonatal nurses also are tasked with helping the families of the babies in their care understand what is happening. Taking responsibility for these tiniest of lives requires an immense amount of diligence and strength. Before setting out on such a daunting career path, many potential neonatal nurses want to know: What is the job outlook of a neonatal nurse? And what is a typical neonatal nurse salary like?The rise in newborns needing extra neonatal care has resulted in a corresponding upswing in the job outlook of a neonatal nurse. In the last 20 years the number of hospitals with NICUs has grown along with the demand for their services. As with most nursing positions, demand is expected to continue to increase in the years to come. The job outlook for a neonatal nurse is bright – there is a very good chance that neonatal nurses will continue to be in demand. Neonatal Nurse Salary A neonatal nurse salary is affected first and foremost by the kind of nurse involved.The median Neonatal Nurse Salary by Job Title chart shows that nurse managers and nurse practitioners earn a much higher neonatal nurse salary than many other positions. Indeed, a large percentage of a NICU's staff will be neonatal nurse practitioners. For a neonatal nurse, yearly salary is also tied to years of experience. Researching a Neonatal Nurse Salary by Years of Experien ce, we can see that for a neonatal nurse, salary increases by over $20,000 over 20 years of experience. Many smaller or more rural hospitals may not have a NICU, which may be why comparing Neonatal Related essay: â€Å"Ati RN Community Health Online Practice 2016 B†Nurse Salary by Number of Hospital Beds tends to show higher salaries for larger hospitals. Looking for a city with high neonatal nurse salaries? Check the median Neonatal Nurse Salary by City report to see which cities offer the highest salaries. Average Neonatal Nurse Yearly Salary Dr. Salary doesn't make house calls, but he can give your salary some intensive care! Learn the difference between asking, â€Å"what is the median neonatal nurse salary† and, â€Å"what is the average neonatal nurse yearly salary† in the Ask Dr. Salary article, â€Å"Why is Median Better than Mean for a Typical Salary? â€Å"

Public Funding Should Not Support Public Schools in Music...

English 301A 14 September 2012 Public Funding should not support Public Schools in Music and Arts Education is one of the major problems faced by US as a nation and several debates pertaining to allocation of education funds are underway. The use of public education funds is one such matter which is debated very highly. The consequences of public education fund’s spending are long-term which makes this issue very important. Also, limited availability of public funds makes it essential for these funds to be used in a manner which are more beneficial. The essays will discusses why public funds should not supporting arts and music education and the social impact. The cost of arts and music education in public school system is very high.†¦show more content†¦These parents regard playing a musical instrument as a highly difficult and demanding task. This implies that those students who aim to get good grades with music are likely to receive very poor grades in other conventional subjects. therefore, should not have compulsory status in public schools which are funded by taxpayers’ resources. Further, it is argued that the standard curriculum teaches abstract reasoning, mathematics, sciences and medicine which has great value, even if the skills acquired are not, thereafter, directly usable in everyday life. The study of arts and music gives no practical application. The objective of public education funds must be of helping students to develop valuable skills for their practical lives. It is believed that the study of mathematics, language, science, etc. provides both useable knowledge and abstract skills. The paper discussed why public funds should not support arts and music education and evaluated the assertion that education for arts and music is a less useful allocation of educational resources than traditional subjects. It is concluded that the cost for provision of arts and music education in public school system is very high. Further, it is discussed that eliminating music education from the curriculum of public schools would enableShow MoreRelatedThe Importance of Funding Music and Art Programs for Young Students Across America1685 Words   |  7 PagesMuch too often in America today, modern music and art programs in schools are perceived to many as extracurricular activities rather than important subjects that are vital to a students learning and skill development. The truth of the matter is that encouraging music and art education in public schools has a much larger impact on student’s grades, academic performance, and the economy than the majority people realize. Wi thin the next year city school budgets will be dropping by twenty five percentRead MorePersuasive Speech : Music Programs Should Be Kept Public Schools939 Words   |  4 Pagesthat music programs should be kept in public schools. 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