Channel tunnel Essay Example | Topics and Well Written Essays - 750 words

Channel tunnel - Essay Example The Transmanche Link (TML) is the contractor who is responsible for the Channel Tunnel design, construction and commissionioning of the project. Design of the Channel Tunnel The design scale was massive and highly intricate and hence it was categorized into five divisions – a) System throughput b) Performance of shuttle trains c) Environment d) Safety and passenger evacuation e) Scenarios and operational procedures The design of the Channel Tunnel included four phases: 1. Development Study 2. Outline Design APS) 3. Definitive Design (APD) 4. Detailed Design (PEO) The design of the project was so intricate and diverse with a huge volume of work and specialties involved that sub-contracts making use of the expertise of major independent companies were accepted. Design teams such as BETU (Tunnel design office) and BETER (Terminal design office) contributed their expertise. 1. Structural design a) The Service Tunnel The Service Tunnel Transportation is designed with 24 rubber-tyre d vehicles rolling along at top speed of 80 kph that is electronically guided by cables that are embedded but allows for the maintenance of permanent equipment. These shuttles are 650m in length having a single deck. There are open wagons that are 20m in length, 4 m in width and 5m in height with a load capacity of 44T. It is designed in such a way that special amenity coaches are provided to carry drivers between the locomotive and the HGV wagons. b) The Main Railway Tunnels (RTs) The design comprises of two tunnels 50 km in length and running parallel to each other with a distance of 30m. Each tunnel has a single rail track, overhead catenary, power supply, cooling pipes, two walkways, a drainage system and other auxiliary services. These tourist shuttles are designed with an average capacity of 135 vehicles and a length of 775m. Each end has a loading and unloading wagon and 12 twenty-five meter long carrier wagons that are closed and identical. Special Design Features Rail Signa ling System The rail signaling system is so designed so as to ensure safety to passengers, drivers, goods and locomotive behavior. All information is directly relayed within the drivers cabin. It also includes an automatic speed limit to ensure safety. Track System Since this railway is the most heavily trafficked with an average of about 240,000,000 tonnes per year, the design is made to match this output. It has a strong support system made of concrete to last for a minimum of 50 years. The strong framework is made highly tolerant for safety to life and property and is also designed with a rail fastening to allow minor service adjustments for maintenance and changing of components. The design also includes a low aerodynamic resistance that allows airflow under the trains. The tunnels comprise of a non-ballasted track made of concrete consisting of UIC 60kg/lm rail tracks that is mounted on pairs of independent support blocks. The tracks are isolated from the support blocks by nylo n clips and rubber ‘O’ ring. Such designing not only lends resilience but also maintains a high level of geometric tolerance. The design also contributes towards increasing speed that is 200km/h for TGVs through trains, while shuttles go at 160 km/h. Rolling Stock Rolling Stock comprises of 43 locomotives and 512 wagons that include

Symbolism in Lord of the Flies by William Golding Essay Example for Free

Symbolism in Lord of the Flies by William Golding Essay A book that makes a person think is always more interesting than a book that does not. Lord of the Flies by William Golding does just that! Golding, using symbolism, shows his readers ideas about human nature that are rarely thought about in society. In this allegorical piece of literature he uses objects and characters as symbols. Each important object in the book is closely related to a character in the book. For example, the conch and Ralph are closely connected, also Piggy and his glasses are directly associated. Lastly, the Lord of the Flies, which could be a character or an object, has a great affect on Simon and Jack. William Goldings symbolism creates tension that keeps his readers wondering what will happen as this group of once civilized boys turn to their instincts. One can easily see the symbolism in the conch, with Ralph representing all of the same things. Like the conch, Ralph symbolizes authority, order, respect and leadership. The conch can be seen as a simple object, but it is more fascinating to look at it as a tool used by Ralph. At the beginning of Lord of the Flies the great shell symbolizes power and authority. Ralph, the conchs first possessor, has the power to call an assembly. When Ralph blows the conch, all the boys come running to him. When the boys come to the first assembly, the conch is a symbol of order. The person who holds it is the only one that can speak. Without the conch everyone would be talking at once and there would be no organization. The conch commands respect. As the boys join the assembly they all show respect to Ralph, who is eventually voted chief because of the boys respect for him. The conch is a symbol of leadership. Ralph is the first possessor of the conch and he is the chief. The little bit of leadership given to the person with the conch is shown in that persons right to talk. Throughout the book, the conch represents the evolution of the boys on the island. It shows the change from a utopian society where everyones needs are met, to a dystopian society in which everything is disastrous and out of order. At the beginning of the book, the shell is almost perfect. The one imperfection is a small scratch, which is a foreshadowing of what will eventually happen to the boys society. The conch gets more and more scratched up, it loses its beautiful pink shade; and right before Piggys death the conch is shattered, symbolizing the complete loss of order in society. Ralph changes as the conch does. Ralph starts off believing that he is living in a perfect place where everything is wonderful. By the end he is running for his life. If he hadnt been rescued at that exact moment, then he probably would have been overcome by the evil instincts that unconsciously imprisoned the other boys. Like Ralph and the conch, Piggy and his glasses fundamentally are symbolic of the same thing. The glasses, when possessed by Piggy, represent the knowledge to see what is right, or what is best. In the Bible, in the story of Abraham, Abraham is constantly referred to as a seer, or the one who sees. Piggy is the prophet; he is the seer and visionary of this story. He is obviously the smartest of the boys; he always knows what needs to be done, he sees what is right. He and Ralph are the two that know the fire is the most important priority, because fire leads to rescue. Sometimes even Ralph forgets this very important priority. But Piggys knowledge of what is best is never lost, and is always shown through his glasses. As Piggys glasses slowly become destroyed, the boys slowly begin to lose the vision of what is right, and what needs to be done. The boys choose hunting and savagery over being rescued. The total loss to see what is right is shown when the glasses are broken and Piggy is killed. The most important symbol in the Lord of the Flies is obviously the Lord of the Flies, the Sows head on the end of a stick; it is the title of the book! The Lord of the Flies comes from death and killing, (of the sow) which shows its evil. It is the dark side of people; it is peoples evil nature. This unusual demon inhabits the souls of the young boys and corrupts them. As the boys are oblivious to everything, the demon turns the boys into savages with evil instincts that are uncontrollable. The evil spirit has the greatest effect on Jack, who already overflowing with emotion cannot handle his feelings and becomes a savage beast. The only character who is aware of the Lord of the Flies is Simon. Simon is connected with his true feelings. He sees a once perfect society being changed into hell. Simon finally meets the devil of this hellhole, and sees that his enemy is undefeatable, uncontrollable, and unbearable. It seems as if he almost commits suicide as he is slaughtered by the savage boys who are anxious for a kill. The Lord of the Flies is important because it shows that Golding believes in the evil nature that all human beings possess. Ralph has authority with his conch, Piggy can see with his glasses, and Simon has a revelation with a devil. These characters and their vital objects are symbols as well as important pieces of the story. Golding uses symbolism to add tension to a book already overflowing with thought and emotion that keeps his readers on the edge of their seats.

Vittore Carpaccio :: Essays Papers

Vittore Carpaccio Vittore Carpaccio was born around the year 1460 near Venice, Italy. They didn’t keep birth records then, so this date is an estimate. Vittore knew from a very young age that he wanted to be a painter when he was older. He couldn’t pay attention in school because he was always drawing or sketching on his papers. As a young man, Carpaccio was greatly influenced by two Venetian painters. These two painters were Gentile Bellini and Giovanni Bellini. Carpaccio was influenced greatly by these artists, but he also admired the work of other artists of the Venitian art period. Carpaccio used four cycles of paintings; each of these cycles was used to tell a story. However, only the first two of these cycles have become well known. Carpaccio did the first of these cycles between 1490 and 1495. This cycle consisted of nine large paintings. One of these paintings, named The Legend of Saint Ursula, is considered by most people to be his finest work. Especially original is the painting Dream of Saint Ursula. Vittore completed the second cycle of his paintings between the years 1502 and 1507. This cycle also consists of nine scenes. These scenes are mainly from the lives of Saint George and Saint Jerome. The two best known paintings of this cycle are titled Saint George Slaying the Dragon and Saint Jerome in His Study. Even tough Carpaccio was greatly influenced by other artists of his time; he still had a style that was different than everyone else. He seemed to use the colors black, red and brown more than other colors. He also put exotic animals or objects from faraway lands in many of his paintings. He also was very good with architecture and knew how to paint buildings so they looked real. Some of Vittore’s other widely known paintings include: â€Å"A Saint Reading† and â€Å"Virgin and Child.† Even though he isn’t as famous as some other artists are; Carpaccio was one of the greatest artists of the early Renaissance in Europe.

Max webber

This is a study of the bureaucratic characteristics of Turkish elementary and secondary schools Little is known about the organization and foundation of these schools. This study Is d beginning In an effort to develop d body of literature In these schools. Max Weber's (in Gerth ; Mills, 1946) thinking and Hall's (1961) operationalization of bureaucracy form the theoretical foundation for the study.Because the construct of alienation is the main construct that has been studied with relation to bureaucracy, this study also examines the relationships between ureaucracy and sense of power as a measure of alienation. Context Organizations surround us. Bureaucracy Is d blueprint for organlzlng human activities for a desired end. It is a sociological phenomenon that has evolved throughout the history ot clvlllzauon. As a sociological tool It has been used to bulld pyramids, to invade nations, to cure illnesses, to keep criminals incarcerated, to land on Mars, to massacre millions, to educat e. nd so on. It Is the tool of power, an â€Å"effective† device to control and direct human effort and behavior. The bureaucratic theory of Max Weber has been a point of departure for the development and odification of organization structure to Influence the flow of Interrelationships within organizations (Hall, 1963). The degree of bureaucracy in an organization sets the boundaries tor human action. These boundaries that regulate people's treedom have a by-product known as alienation.The construct of alienation has been studied with relation to bureaucracy. It has been demonstrated that people who work in bureaucracies have a limited â€Å"say† In what they do. For good or for evil, bureaucracy is the machinery to control human behavior. What matters is how to use this device without alienating people. chools are one of the forms of bureaucracy where a large portion of our lives is spent Schools prepare youth for bureaucracies. If the schools are the places that prep are people tor bureaucratized lite. hen, the teachers in them are the agents of bureaucracies. If teachers are alienated, society may also be alienated It is possible that certain problems ascribed to bureaucracies can be related to d certain degree of bureaucracy In organizations. All organizations are bureaucratic toa degree. Human lite, even before It begins and after It ends, is in contact with bureaucratic organizations. Organizations will ontinue to dominate and alienate our lives It is worthwhile to understand what bureaucracy Is and what problems are associated with It. ureducracles surround The orlgln ot the Bureaucratic Theory Since translations of Max Weber's works into the English language during the second part of the 1940s, a vast literature on organizations, In general, and on bureaucracy, 1 Of6 In partlcular, nas Deen generated. Max weDer (Ge in favor of bureaucratic organization: argued as Tollows The decisive reason for the advantage of bureaucratic organization ha s always been its purely technical superiority over any form of organization. The fully developed bureaucratic mechanism compares with other organizations exactly as does the machine with the non-mechanical modes of production.Precision, speed, unambiguity, knowledge of files, continuity, discretion, unity, strict subordination, reduction of friction, and of material and personal costs– these are raised to the optimum point in the strictly bureaucratic administration, and especially in its monocratic form. As compared with the collegiate, honorific, and avocation forms of administration, trained bureaucracy is superior on all these points. (p. 214) Max Weber (Etzioni, 1961) listed organizational attributes that when present, constitute the bureaucratic form of organization. 1 A continuous organization of official functions bound by rules. A specific sphere of competence. 3 The organization of offices follows the principal of hierarchy; that is, each lower office is under the control and supervision of a higher one. 4 The rules which regulate the conduct of an office may be technical rules or norms. 5 It is a matter of principle that members of the administrative staff should be completely separated from ownership of the means of production or administration. In order to enhance the organizational freedom, the resources of the organization have to be free of any outside control and the positions cannot be monopolized by any incumbent. 7 Administrative acts, decisions, and any rules are formulated and recorded in writing. (pp. 53-54) Based on the theory developed by Max Weber, researchers used bureaucratic theory as an analytical tool to examine organizational structure. Until the 1960s, case studies were used to assess bureaucratic characteristics of organizations. These studies were called unidimensional approach to the study of organization. Researchers who used the unidimensional approach believed that all characteristics of bureaucracy must be presen t to a high degree in an organization before it can be called a bureaucracy.During the late 1950s this approach was questioned. Researchers started to think that all characteristics of bureaucracy might not be present in an organization at the same time. Some characteristics can be stronger than others. Characteristics could be independent of each other. Bureaucratic characteristics or dimensions could create different configurations of bureaucracies. Since the 1960s, imensional approaches to study bureaucracy have been used. Hall (1961) was among the first to measure bureaucratic dimensions in organizations empirically.Hall (1961) was the first to develop a survey instrument to measure the degree of bureaucratization in organizations. After an extensive literature review, he identified six dimensions of bureaucracy: hierarchy of authority, division of labor, rules and regulations, procedural speclTlcatlons, Impersonallty, ana tecnnlcal competence. HIS instrument (Organizational Inv entory) has 62 items. All dimensions have 10 items xcept for hierarchy of authority, which has 12 items. Modified versions of his instrument have been used in educational settings to assess school bureaucratization.Researchers have added more items to his instrument during modifications. Hall's instrument was first modified by the Canadian researcher, MacKay (1964), to measure six dimensions of bureaucracy in educational settings. In Canada, Robinson (1966), Kolesar (1967) and Punch (1967) continued to use and refine the Mackay's instrument. These Canadian researchers were followed by Anderson (1970), Isherwood ( 1971), and Sousa (1980) in the U. S. Researchers using modified versions of Hall's instrument have consistently found six dimensions of bureaucracy clustered around two overall higher-order dimensions.Hall (1961) warned that one of the six dimensions could be an abureaucratic dimension. He found that the technical 4 competence dimension was inversely correlated with three d imensions. Mackay (1964) and Robinson (1966) also found that the dimensions did not converge under a single overall dimension. Punch (1967) found that six dimensions formed two higher order dimensions. Hierarchy of authority, rules and regulations, procedural pecifications, and impersonality clustered together while division of labor and technical competence clustered together.The higher order dimension formed by the first set of dimensions is a measure of bureaucratization while the higher order dimension formed by the second set of dimensions is a partial measure of professionalism. Isherwood and Hoy (1973) confirmed that Hall's six dimensions cluster under two separate second order dimensions. Purpose The purpose of this study is to explore the utility of Hall's conceptualization of bureaucracy in analyzing the organizational structure of Turkish elementary and econdary schools. Research on educational organizations in Turkey is not as advanced as it is in the western countries.T urkey adopted its centralized ministry system from European nations. No empirical studies were found on structural characteristics of Turkish public schools. Researchers do not have an empirical base to help them understand how organizations function. It is hoped that this study will start a literature base on the subject and provide a tool to assess the organizational structure of schools that is desperately needed in Turkey. Also an empirical llustration from Turkey might provide a useful addition to the literature because the literature on school organizations in developing countries is very limited.Researchers know little about how school bureaucracy functions in other cultures. Questions How are the bureaucratic dimensions of Turkish elementary and secondary schools related? What are the relationships between the bureaucratic dimensions of Turkish elementary schools and the demographic variables? wnat are tne relatlonsnlps Detween tne Dureaucratlc Olmenslons 0T lur s elementary and secondary schools and teachers' sense of power? 5 Definitions Major Variables A bureaucracy is an organizational form designed to accomplish large-scale administrative tasks by systematically coordinating the work of many individuals (Blau, 1956).Hierarchy of authority (HA) is â€Å"the extent to which the locus of decision making is prestructured by the organization†(Hall, 1968, p. 95). Division of labor or specialization (DL) is â€Å"the extent to which work tasks are subdivided by functional specialization within the organization† (Hall, 1968, p. 95). Rule enforcement or rules and regulations (RR) is â€Å"the degree to which the behaviors of organizational members re subject to organizational control† (Hall, 1968; p. 95).Procedural specification (PS) is â€Å"the extent to which organizational members must follow organizationally defined techniques in dealing with situations they encounter† (Hall, 1968, p. 95). Impersonality (IM) is â€Å"the e xtent to which both organizational members and outsiders are treated without regard to individual qualities†(Hall, 1968, p. 95). This dimension has two distinct factors. (1) Friendly climate (CLM) is the degree to which relations in the organization are friendly and warm. (2) Formality (FRM) is the degree to which nteractions among people are formal and free from emotions.The second factor was accepted as the measure of impersonality. The friendliness of the school climate is most likely to be an outcome variable rather than a structural variable. This variable was analyzed separately. Promotions based on technical competence (TC) is â€Å"the extent to which organizationally defined â€Å"universalistic† standards are utilized in the personnel selection and advancement (Hall, 1968, p. 95). Control is the degree to which bureaucratic authority is utilized to regulate teacher behaviors.Expertise is the degree to which professional authority is utilized to regulate teach er Sense of power (SP) is the extent to which a teacher believes he/she is able to influence the course of events in the school that holds significance for him/her (Moeller 1962). 6 Teacher's friendship with school administrators was measured by responses to the statement, † I have a friendship with school administrators outside the school,† on a five-point Likert type scale ranging from 1 = definitely inaccurate to 5 = definitely accurate . Demographic Variables Name of city is the school district where the teacher works.It is operationalized as the name of the township: Karabuk (1), Safranbolu (2), Eflani (3), Eskipazar (4), Yenice (5), and Ovacik (6). Number of sessions is a two-category variable. Teachers were grouped into two categories ( ) teacners wno work at scnools tnat run one sesslon a cay ana teachers who work at schools that run two sessions a day. Level of the school refers to grades in the teacher's school. Teachers in elementary school (K-5) were coded as one, teachers in middle schools (6-8) were coded as two, and teachers in high schools (9-11) were coded as three.Size variables are (1) the number of teachers who are on the payroll of the teacher's school, (2) number of students enrolled in the teacher's school, (3) student-teacher ratio in the teacher's school, (4) number of classrooms in the teacher's school, and (5) number of administrators in the teacher's school. Age of the teacher's school is the number of years passed since the foundation of the school. Urbanization is a three-level categorical variable: teachers who work in urban schools, teachers who work in suburban schools, and teachers who work in rural schools. Urban was coded as one, suburban was coded as two, and rural was coded s three.Occupation of principal's father was a five-level categorical variable: teachers who work under principals whose fathers were farmers (coded 1), teachers who work under principals whose fathers were blue collar workers (coded 2), tea chers who work under principals whose fathers were small business owners (coded 3), teachers who work under principals whose fathers were civil servants (coded 4), and teachers who work under principals whose fathers were professionals (code 5). 7 Sex is the gender of the teacher. Male teachers were coded as one while female teachers were coded two.Socio-economic status of teacher was measured by three variables (1) growing up location of teacher, (2) number of sisters and brothers of teacher, and (3) father's occupation of teacher. The grown-up location of teacher was operationalized as rural (1), town (2), city (3), big city (4), and all (5). Father's occupation was categorized as small business owner (1), civil servant (2), blue-collar worker (3), and farmer (4). Socio economic status of students (SES) is the teacher's principal's perception of students socioeconomic status measured on a five point likert type scale.Principals ere asked to rate students in their school on a five- point scale ranging from very poor (1) to very wealthy (5). Political ties of teachers were measured on a five-point Likert- type scale. Teachers were asked to respond to following statement: â€Å"l know influential people who can help me if I am in trouble in this school. † Response options ranged from definitely inaccurate (1) to definitely accurate (5). Experience of teacher was measured by four variables: (1) age of teacher, (2) total service years of teacher in teaching, (3) total years in administrative positions and (4) ork experience outside teaching.The last variable, the work experience outside teaching, was a categorical variable. Teachers who had work experience outside teaching were assigned one while teachers who did not have work experience outside teaching were assigned two. Overall alienation from work was utilized to cnec tne vallOl ty 0T sense 0T power scale. leacners were asKea to response to tne following question: â€Å"Do you wish your child to pursue a career in teaching? † Those who said â€Å"†yes† were assigned â€Å"two† and those who said â€Å"no† were assigned â€Å"one. † Teacher's birthplace had two possible responses. Those who were born in the province, Karabuk, were assigned a â€Å"two. Those who were born outside the province were assigned a â€Å"one. † Training had three potential responses. Teachers who were not graduated from teacher colleges were assigned a â€Å"one,† teachers who were not graduated from teacher colleges but 8 earned teaching certificate by attending extra training were assigned a â€Å"two,† and regular teachers who were graduated from teacher colleges were assigned a â€Å"three. † Experience of principals had three measures: (1) age of teacher's principal, (2) total ears in administrative positions, and (3) total service years in education sector.These measures were obtained during school visitations. Percentage of male is the percentage of male teachers in teacher's school. Organization of the Study The relevant literature is reviewed in the second chapter. The third chapter deals with instrumentation and methodology. The findings of the pilot study are reported in the fourth chapter. The findings of the research sample are in the fifth chapter. After discussions of findings, recommendations for further research are presented in the sixth chapter.

Discrimination in Of Mice and Men

When John Steinbeck was attending Stanford, he took time off to go work on a ranch at Salinas Valley. This Is where he encountered the models for many of his characters for his stories. One of them Included one of his most popular and touching novellas, Of Mice and Men. With this book, he tried to show the hardships of the discriminated. During the period of the Great Depression, many Individuals were forced Into poverty and away from their families. Many began to flee to the West In search of work. However, when they reached their destination, they were not received kindly.In the novella, Of Mice and Men, John Steinbeck thoroughly depicts, by the presence of many discriminated and oppressed individuals, that life in this time period was beyond arduous for most people because of the Great Depression and the way others perceived them. The Great Depression was an economic downturn coming before World War II. The depression occurred at deferent times in different countries, but in the U nited States, it happened during the asses. Historians blame the crash of the US stock market, on October 29, 1989, for Igniting the Great Depression. Then, the depression quickly expanded across the world.The Great Depression not only affected the poor, but the rich as well. Industrial production, foreign trade, and wholesale prices diminished. The loss of money from these happenings developed a state of unemployment, caused foreclosures and homes to be lost, families to separate, and extreme deflation. Unemployment rates soared through the roof. In the US, twenty- five percent of the population was out of work. Even in some countries, the rates were as high as thirty- three percent (Candling). Hope still lingered in the air for some and the Great Depression was later used as an example as to how bad the economy could get.Rural regions suffered the most when crop prices fell drastically. The huge drought, which occurred during the asses, contributed to this. In many plains, dust wa s everywhere. It was so that It was Impossible to keep a house clean and chickens would sleep earlier than usual because the darkness caused by the dust storms made them think it was night. More and more storms began to hit and many farmers lost their good farmland to the high winds. By 1934, almost 100 million acres of farmland were completely destroyed (Candling).Many economies began to rejuvenate in the mid- asses, but in many other nations, the detrimental impact of the Great Depression lasted until the end of World War II. This tragedy was one of the most widespread, long-lasting, and deepest depression of this era. The effects of the Great Depression disturbed every race of people in America. However, African Americans were always most affected. Most African Americans were out of work and whites demanded that they be fired If a white person was unemployed. Racial violence became common and lynching Increased (Sutra).In Steinbeck novella, Crooks is a stable buck on the Salinas Valley ranch. During this He was separated from the rest of the white farmhands on the ranch. Crooks states, â€Å"l anti wanted in the bunkhouse, and you anti wanted in my room† (Steinbeck 68). This shows how African Americans were treated like animals and isolated from others because of discrimination. After being neglected, Crooks proclaims, â€Å"If I say something, why it's Just a n****** saying it† (Steinbeck 70). Crooks has accustomed to the inequality he receives from others and turns on himself, saying negative things.However, on a brighter note, no one would hold him responsible for anything because his words â€Å"don't mean nothing† and are ignored. The author show how African Americans' lives were hard because of racism. Steinbeck shows the hardships of a disabled man during this period of time in his novella Of Mice and Men. One would think they received special care but the worst time period a disabled person could live through is the asses. Other s didn't care for them because chances were that they already had someone to take care of, whether it was themselves or a family (Barrett). They were abused and people would blame them for their problems.Some mentally handicapped people were institutionalized. The government gave little to no protection for the disabled (Philosophy). This is similar to how a character in the story is treated. Leonie Smalls is George's friend and they are both traveling to the West in search of work, because they had to flee their hometown in the result of Lien's incident with petting a girl's mouse dress (he likes soft things). Leonie says, â€Å"George says I goat stay here an' not get in no trouble† (Steinbeck 68). In this moment, George demanded Leonie stay at the ranch while they go out to the whorehouse.To George Milton and other workers, he is seen as a dim- wit that can only work. Leonie should be able to have some fun too. â€Å"If he finds out what a crazy Starr you are, we wont get no Job, but if he sees yah work before he hears yah talk, we're set† (Steinbeck 6). There is no doubt Leonie is a great worker, but perhaps George is a little too hard on him. At their arrival at the ranch, the boss gets suspicious because George does all the talking. Leonie says four words and George throws a tirade at him for doing so. Even though sexism was around forever, this type of discrimination was most evident during the asses.The typical women had an employed husband, and if they lost their job, they usually had enough resources to survive (Ware). Steinbeck depicts that with Of Mice and Men. Curler's wife is a victim of unfairness because of her gender. She is the wife of the boss's son, Curler. They live with no worries, but Curler's wife's actions are constricted and she has limited rights, like every other female in America at the time. She is the only woman on the ranch and is unnamed by the author which shows her unimportance – which shows sexism. †Å"Don't you even take a look at that b****.I don't care what she says and what she does. I seen me' poison calling Curler's wife a derogatory term for a woman, which is sexist. George, and very other farmhand on the ranch, thinks she is flirty and has â€Å"an eye for all the men on the ranch†. â€Å"Won't you tell her to stay the hell home, where she belongs? † (Steinbeck 90). During this time, it was often that women stayed home with kids and chores to do around the house, while men would go out and work, wherever it was (Ware). Here Candy implies that the ranch is no place for a flirtatious woman like Curler's wife, which is a sexist stereotype.

Medieval Weapons and Protection essays

Medieval Weapons and Protection essays The Middle Ages hold many of the worlds most curious weapons. Knights used many different types of weapons. These included swords, daggers and lances. Some were for long-range, such as the longbow, short bow and cross bow and some were for close encounters. They protected themselves with suits of armor (closely woven metal, and metal sheets) and shields. There were also gigantic weapons used to tear down whole castles. Swords, daggers and lances were very good for fighting battles that were up close and very dangerous. There were different kinds of swords like the thrusting sword (14th century), the falchion sword (13th century), and the hand-and-a-half-sword (14th century). At the end of the 13th century, swords were more pointed and the section of the blade was diamond-shaped rather than flat. That made the sword stronger. There was even ones that were serrated to cut wooden axe handles and one called the two-handed sword; it could cut through bone. These are used by knights on foot and is longer and heavier than other swords. (Knight-Meyr) A knights sword was his most important weapon. There were two different types of daggers. They were the 15th century bullock dagger, and the 14th century rondel dagger. Sometimes, people could hide daggers in walking sticks. Lances were for knights on horseback to knock off the enemy knight. They used the lance for battles and jousting. The jousting knight us es a lance to knock his opponent from the horse. It is second only to the sword as a knights weapon, and is used in battle or tournaments. (Knight-Meyr) A very unusual weapon was the bola. It was a spiked ball on a short chain that is attached to a wooden handle. The ball reached high speeds when swung and delivered forceful, crushing blows. Long-rang weapons were used in battle, but were more discreet and could be used from a distance. The long-range weapons are the crossbow, longbow ...

U.S. Southwests Colorado River (Geography and More)

U.S. Southwest's Colorado River (Geography and More) The Colorado River (map) is a very large river located in the southwestern United States and northwestern Mexico. The states it runs through include Colorado, Utah, Arizona, Nevada, California, Baja California and Sonora. It is approximately 1,450 miles (2,334 km) in length and it drains an area of about 246,000 square miles (637,000 sq km). The Colorado River is important historically and it is also a major source of water and electrical power for millions of people in the areas in which it drains. Source: La Poudre Pass Lake, Rocky Mountain National Park, ColoradoSource Elevation: 10,175 feet (3,101 m)Mouth: Gulf of California, MexicoLength: 1,450 miles (2,334 km)River Basin Area: 246,000 square miles (637,000 sq km) Course of the Colorado River The headwaters of the Colorado River begin at La Poudre Pass Lake in Rocky Mountain National Park in Colorado. The elevation of this lake is approximately 9,000 feet (2,750 m). This is a significant point in the geography of the United States because it is where the Continental Divide meets the Colorado River drainage basin. As the Colorado River begins to descend in elevation and flow to the west, it flows into Grand Lake in Colorado. After descending further, the river then enters several reservoirs and finally flows out to where it parallels U.S. Highway 40, joins several of its tributaries and then parallels U.S. Interstate 70 for a short time. Once the Colorado River meets the U.S. southwest, it begins to meet several more dams and reservoirs- the first of which is the Glen Canyon Dam which forms Lake Powell in Arizona. From there, the Colorado River begins to flow through massive canyons which it helped carve millions of years ago. Among these is the 217 mile (349 km) long Grand Canyon. After flowing through the Grand Canyon, the Colorado River meets the Virgin River (one of its tributaries) in Nevada and flows into Lake Mead after being blocked by the Hoover Dam at the Nevada/Arizona border. After flowing through the Hoover Dam, the Colorado River continues its course toward the Pacific through several more dams, including the Davis, Parker and Palo Verde Dams. It then flows into the Coachella and Imperial Valleys in California and finally into its delta in Mexico. It should be noted, however, that the Colorado River delta, while once rich marshland, is today mainly dry aside from exceptionally wet years due to the removal of water upstream for irrigation and city uses. Human History of the Colorado River Humans have inhabited the Colorado River basin for thousands of years. Early nomadic hunters and Native Americans have left artifacts throughout the area. For example, the Anasazi began living in Chaco Canyon at around 200 B.C.E. Native American civilizations grew to their peak from 600 to 900 C.E. but they began to decline after that, likely due to drought. The Colorado River was first noted in historic documents in 1539 when Francisco de Ulloa sailed upstream from the Gulf of California. Shortly thereafter, several attempts were made by various explorers to sail farther upstream. Throughout the 17th, 18th and 19th centuries, a variety of maps showing the river were drawn but they all had different names and courses for it. The first map using the name Colorado appeared in 1743. Throughout the late 1800s and into the 1900s, several expeditions to explore and accurately map the Colorado River took place. In addition from 1836 to 1921, the Colorado River was called the Grand River from its source in Rocky Mountain National Park to its confluence with the Green River in Utah. In 1859 a U.S. Army topographic expedition led by John Macomb occurred, during which he precisely located the confluence of the Green and Grand Rivers and declared it the source of the Colorado River. In 1921, the Grand River was renamed the Colorado River and since then the river has included all of its present-day area. Dams of the Colorado River The modern history of the Colorado River consists mainly of managing its water for municipal uses and to prevent flooding. This came as a result of a flood in 1904. In that year, the rivers water broke through a diversion canal near Yuma, Arizona. This created the New and Alamo Rivers and eventually flooded the Salton Sink, forming the Coachella Valleys Salton Sea. In 1907 however, a dam was built to return the river to its natural course. Since 1907, several more dams have been constructed along the Colorado River and it has grown into a major source of water for irrigation and municipal uses. In 1922, the states in the Colorado River basin signed the Colorado River Compact which governed each states rights to the rivers water and set specific annual allotments of what could be taken. Shortly after the signing of the Colorado River Compact, the Hoover Dam was constructed to provide water for irrigation, manage flooding and generate electricity. Other large dams along the Colorado River include the Glen Canyon Dam as well as the Parker, Davis, Palo Verde and Imperial Dams. In addition to these large dams, some cities have aqueducts running to the Colorado River to further aid in maintaining their water supplies. These cities include Phoenix and Tucson, Arizona, Las Vegas, Nevada, and Los Angeles, San Bernardino and San Diego California. To learn more about the Colorado River, visit DesertUSA.com and the Lower Colorado River Authority.​

Reaction Rate Definition and Equation

Reaction Rate Definition and Equation The reaction rate is defined as the rate at which the reactants of a chemical reaction form the products.  Reaction rates are expressed as concentration per unit time. Reaction Rate Equation The rate of a chemical equation may be calculated using the rate equation. For a chemical reaction: a  A   b  B →  p  P   q  Q The rate of the reaction is: r k(T)[A]n[B]n k(T) is the rate constant or reaction rate coefficient. However, this value is not technically a constant because it includes the factors that affect reaction rate (most notably temperature). n and m are reaction orders. They equal the stoichiometric coefficient for single-step reactions, but are determined by a more complicated method for multi-step reactions. Factors That Affect Reaction Rate There are several factors that influence the rate of a chemical reaction: Temperature: Usually this is a key factor. In more cases, raising the temperature increases the rate of a reaction because higher kinetic energy leads to more collisions between reactant particles. This, in turn, increases the chance some of the colliding particles will have sufficient activation energy to react with each other. The Arrhenius equation is used to quantify the effect of temperature on reaction rate. It is important to note some reaction rates are negatively impacted by temperature, while a few are independent of temperature.The Chemical Reaction: The nature of the chemical reaction plays a large role in determining reaction rate. In particular, the complexity of the reaction and the state of matter of the reactants is important. For example, reacting a powder in a solution typically proceeds faster than reacting a large chunk of solid.Concentration: Increasing the concentration of the reactants increases the rate of a chemical reaction.Pressure: Increasing the pressure increases the rate of reaction. Order: The reaction order determines the nature of the effect of pressure or concentration on rate.Solvent: In some cases, a solvent does not participate in a reaction, but does affect its rate.Light: Light or other electromagnetic radiation often speeds up reaction rate. In some cases, the energy causes more particle collisions. In others, light acts to form intermediate products that affect the reaction.Catalyst: A catalyst lowers activation energy and increases reaction rate in both forward and reverse directions. Sources Connors, Kenneth (1990). Chemical Kinetics:The Study of Reaction Rates in Solution. VCH Publishers. p. 14. ISBN 978-0-471-72020-1.Isaacs, Neil S. (1995). Section 2.8.3. Physical Organic Chemistry (2nd ed.). Harlow: Addison Wesley Longman. ISBN 9780582218635.IUPAC (1997) Compendium of Chemical Terminology, 2nd ed. (the Gold Book).Laidler, K. J.; Meiser, J.H. (1982). Physical Chemistry. Benjamin/Cummings. ISBN 0-8053-5682-7.

How Immigration and Industrialization Affected Post-Civil War Essay

How Immigration and Industrialization Affected Post-Civil War Architecture in America - Essay Example American architecture was also largely dependent on English design books, a few prestigious technical schools and master builders who had immigrated during the old and new wars. The only buildings that showcased great architectural designs where churches such as the Cambridge and kings chapel and private homes (Secler, 2006). After the civil war America also underwent a transformation of the American life due to immigration and industrialization. It is this transformation that inspired a sense of historical consciousness in the American people which necessitated the development of architecture that would be unique to the Americans (Conn & Page, 2003). After the civil war, only two thirds of the Architects in America were native born. A large percentage of them came from Germany and Ireland. The designers and craftsmen during this period were foreign born. In the last half of the nineteenth century the Irish dominated the building industry. They had perfected their skills in carpentry and bricklaying. Most of the Irish in this sector later transformed themselves into builders and contractors. In Chicago, half the population was foreign born with a large number of them being Germans who penetrated into almost all Chicago architectural firms as architects and draftsmen. The German architects are hailed for their technological contributions to American architecture. In New York German firms such as Werner and Windolph, Albert F Doench were among the most prominent architectural firms in the area. Other migrant architects included Jewish architects from Central Europe such as Dankmar Adler, Leopold Eidlitz and his brother Marc Eidlitz one of the most prominent builders in New York (Elliot, 2003). In addition to these was also the immigration of new professional architects who being no longer inspired by the ancient historical designs in Europe were looking for inspiration for contemporary work in other countries. It is no wonder therefore

Statement of Career Objectives Personal Example | Topics and Well Written Essays - 500 words

Of Career Objectives - Personal Statement Example I have also worked in different departments of the hospital and have gained valuable experience of handling different administrative and technical matters. Organizational leadership is my favorite field of study and I think this is a right time for me to step in this field as I will not only be completing my graduation in business finance in May 2010 but also I have gained almost 10-year practical experience in the fields of healthcare and education. My interest in organizational leadership, relevant educational background, and work experience make me a suitable candidate to get admission in the University of Idaho’s Graduate program. Another reason for applying in this program is related to my professional life. I want to establish my career in the field of organizational leadership, and that is only possible if I get an opportunity to get a master degree from a prestigious university. University of Idaho is known for its highly qualified faculty not only in field of Adult/Organizational Learning & Leadership but also in all other courses being offered by the university. I believe that the University of Idaho can become a precious part of my educational and professional success by providing me with up to date education in my desired field. It is due to the well-experienced faculty of the University of Idaho, that I have taken my decision to do masters from this great university. I want to complete my education under the guidance of highly qualified faculty of the University of Idaho as it will help me become a professional in the filed of organizational leadership. I have a desire to establish my career as a successful organizational leader. I want to use my skills to ensure individual growth, to bring productive changes in the organizational culture and society, and for organizational development. I believe that a country can progress only if its citizens get high quality education from the top universities of the world. I have

What does the late nineteenth and early twentieth century global Essay

What does the late nineteenth and early twentieth century global economy tell us about the benefits and costs of globalization - Essay Example What he means is that if globalization flourishes it will ameliorate us with larger markets for manufacturers and improved alternatives for users and if it does not then it will devour us all. The fact of globalization has interested many economists in the past and continues to do so in the present as well. Globalization has many proportions like political, cultural, and economic. Of all the dimensions of globalization economic globalization has attracted many economists, researchers and scholars. This paper attempts to discover the costs of globalization and its benefits. This objective is achieved by formulating a hypothesis and then proving it. According to Hill (2002), globalization indicates a position whereby national economies integrate into an independent universal economic system. It gives a chance to develop further than the domestic markets and provides for a larger level of economies of scale in manufacture and sales. Adam Smith had opined that the level of specialization depends on the dimension of the market. Globalization is directly connected to economic development, which is connected to the expansion of international trade (Van Den Berg, 2001). Maneuvered by the self-established development of world-wide markets and technological advancement, globalization inevitably ruins all antecedently accomplished hierarchic structures. Part played by the nation-state in this circumstance is also extensively losing ground. Multinational corporations rivet huge resources, and become the core bearers of economic action on a global degree. This makes a global refinement in which the market is merged on the global level. The major parts in the economic process are the multinational companies. The role of national states is adorned by the international institutes. International corporate has basic control on the

CVS Company Assignment Example | Topics and Well Written Essays - 1250 words

CVS Company - Assignment Example CVS Company was started in 1963 by Stanley and Sidney Goldstein and Ralph Hoagland. By 1964, the company had 17 stores in the States. Initially, the company sold health and beauty products but in 1967 ventured into the pharmaceutical world with its first pharmacy in Rhode Island. Melville Corporation bought CVS in 1969 and by 1974, the company had made $100 million annual sales. 11 years later, the company reached a billion dollars in annual sales. In 1994 the company introduced PharmaCare, a health insurance cover for their employees. By 1997 CVS had more than 2500 stores all over the States. Having become one of the companies to complete the acquisition or Revco, the company was granted major drugstore locations in the Midwest and Southeast. Since then, the company has grown tremendously penetrating many of the States in the US. The firm pioneered the introduction of the loyalty card program, Extra Care Card for its customers. (CVS Caremark Company history 2012) CVS company move to stop selling tobacco products has led to another great loss in the companys sales as they stand to lose approximately 2 billion dollars every year amounting to a 3% loss. Quitting selling tobacco products is one of the reasons why CVS has been unable to provide its tobacco smoking customers with their usual products. The company argues that they are considering a healthy approach that benefits both them and their customers. But with this decision, many of the customers purchasing tobacco products are forced to find alternatives elsewhere or quit smoking altogether. (Paul 2014) In 2011, CVS had a shortage of several products from Johnson & Johnsons. Consumers were told of the shortages which included Motrin, Pepcid AC, Rolaids, Neutrogena skin care products, children’s Tylenol liquid and Tylenol drugs for adults. A department at Johnsons & Johnsons, the McNeil Consumer Healthcare, recalled millions of the J&J products following a quality control problem in its product lines. Some products were suspected of containing metal while others were reported of having a moldy smell within their bottles.

Comparing The U.S. Health Care System with that of The United Kingdom Essay

Comparing The U.S. Health Care System with that of The United Kingdom - Essay Example (United Nations Development Programme; See Table 1). This means that health care is a luxury that people with more money can buy more of and a better quality of. Choosing to utilize a system of privately funded health care may be a result of the attitude of the United States of being "free," which can be taken to mean free from government control or interference in the free market. While there is public funding available for the elderly and the extremely poor, many people still do not receive the health care they need. This lack of health care for citizens who need it is currently a topic of much debate. The United Kingdom, on the other hand, funds its citizens' health care publicly, through taxes. According to the 2007-2008 Human Development Report, 7% of GDP in the United Kingdom is spent on public health care while just 1.1% must be spent privately. (United Nations Development Programme; See Table 1). This difference in expenditures in the United Kingdom translates to the view of health care as a fundamental human right rather than a money-based privilege. When health care began to be publicly funded, "the idea was that if Britain could work towards full employment and spend huge sums of money during the wartime effort, then in a time of peace equitable measures of social solidarity and financial resources could be redirected towards fostering public goods." (Wikipedia, 2008). Although publicly funded health care provides more health care to a greater number of people, some people believe that the quality of health care provided is lower. In some cases people choose to seek priva te health care, if they can afford it, but they are often upset about having to pay for both private health care and the public health care they are opting out of. Many people do not like the feeling that they are paying for the health care of other people who get sick more frequently or are less healthy. Another concern with the United Kingdom's public health care system is that patients are often waitlisted to see doctors for pressing matters; this has led to unnecessary deaths. (Browne, 2001). Putting the private versus public funding debate aside momentarily, there appears also to be discrepancy in the total amount of combined public and private money spent on health care between the United States and the United Kingdom. Based on the previously discussed statistics, the United States spends 15.4% of GDP on its health care while the United Kingdom spends a considerably lower 8.1% of GDP on health care. In terms of what this means for each individual residing in these countries, while per capita GDP in the United States is $41,890 and $6,096 of that is spent on health care, per capita GDP in the United Kingdom is a slightly lower $36,509 but a significantly lower amount, only $2,560 per capita is spent on health care. (United Nations Development Programme; See Table 1). By having everyone contribute a little bit to the entire society's health care, it appears that health care becomes significantly cheaper for everyone. It is also interesting to note that the United States, with a GDP (in millions) of $12,416.5, as compared to the United Kingdom's $2,198.8, would have a lot of GDP to spend elsewhere if only 8.1% was spent on health care instead of 15.4%. Because there are many mixed feelings

Business law case study questions Example | Topics and Well Written Essays - 2000 words

Business law questions - Case Study Example Thus under the general notion, the company is liable for its debts and not the shareholders. (Ridley 2011) The landmark decision in respect of company incorporation was of Salomon v Salomon ([1897] AC 22) where Mr. Salomon, formed a company which included his wife, five children and himself (so as to fulfill requirements of shareholders as per the Companies Act prevailing at that time). He went on to purchase the sole trading business which was operated by him albeit overvaluing the business, but that too because of his confidence in the business. The company went into liquidation and the liquidator evaluated that the company was a sham and was an agent of Salomon and conclusion was that he should be held personally liable to the debts of the company. The House of Lords reversing the decision of the Court of Appeal observed that it was reasonable if shareholders held shares merely to fulfill technical requirements and so the procedure of setting up a business could be used by any per son and if so done it would be a separate legal entity. The current Companies Act 2006 (s.7) allows a company to be formed by a single person. The next decision that was made by the House of Lords was Macaura v Northern Assurance Co. ([1925] AC 619) the court went on to say that under corporate personality assets belong to the company (Dignam et al 2012). The courts have scrutinized the concept of separate legal entity by lifting the veil of incorporation, whereby rights and liabilities of company and shareholders are treated as the same thereby removing the concept of limited liability as a result of which the shareholders are held liable for the acts of the company. This is known as lifting the veil, which is done mainly where the company is found to be a â€Å"sham† or â€Å"fraud†. The current position in respect of lifting the veil is that of Adams v Cape Industries plc where it was held that the veil would be lifted only if the company is created with the intent or purpose of fraud or where the reason was for avoidance of an existing obligation. (Dignam et al 2012) In respect of the position of McDaid Development (Ireland) Ltd and its shareholder, it is important to note that McDaid is a private limited company and has one shareholder who owns all the shares. Under the Companies Act 2006, a single person can also set up a company. The benefit that the shareholder would derive from the company is that of limited liability which means liability would be limited to the extent of unpaid shares and the shareholder would not be held accountable for the losses that have been incurred by McDaid Development (Ireland) Ltd. Q2. The Companies Act 2006 prescribes several duties on company directors. Discuss the general duties of directors according to the law. Analyze and discuss the duties breached by Peter McDaid as the managing director of McDaid Developments (Ireland) Ltd. In accordance with the provisions of section 171 of the Companies Act 2006, t he directors must act within powers and to exercise them for a proper purpose. If a director breaches the same such breach is generally considered to be a breach of the director’s duty to act in good faith. Difficulties have arisen when the directors act in good faith but not for a proper purpose. In the decision of the Privy Council in Howard Smith Ltd. v.

Comparing The U.S. Health Care System with that of The United Kingdom Essay

Comparing The U.S. Health Care System with that of The United Kingdom - Essay Example (United Nations Development Programme; See Table 1). This means that health care is a luxury that people with more money can buy more of and a better quality of. Choosing to utilize a system of privately funded health care may be a result of the attitude of the United States of being "free," which can be taken to mean free from government control or interference in the free market. While there is public funding available for the elderly and the extremely poor, many people still do not receive the health care they need. This lack of health care for citizens who need it is currently a topic of much debate. The United Kingdom, on the other hand, funds its citizens' health care publicly, through taxes. According to the 2007-2008 Human Development Report, 7% of GDP in the United Kingdom is spent on public health care while just 1.1% must be spent privately. (United Nations Development Programme; See Table 1). This difference in expenditures in the United Kingdom translates to the view of health care as a fundamental human right rather than a money-based privilege. When health care began to be publicly funded, "the idea was that if Britain could work towards full employment and spend huge sums of money during the wartime effort, then in a time of peace equitable measures of social solidarity and financial resources could be redirected towards fostering public goods." (Wikipedia, 2008). Although publicly funded health care provides more health care to a greater number of people, some people believe that the quality of health care provided is lower. In some cases people choose to seek priva te health care, if they can afford it, but they are often upset about having to pay for both private health care and the public health care they are opting out of. Many people do not like the feeling that they are paying for the health care of other people who get sick more frequently or are less healthy. Another concern with the United Kingdom's public health care system is that patients are often waitlisted to see doctors for pressing matters; this has led to unnecessary deaths. (Browne, 2001). Putting the private versus public funding debate aside momentarily, there appears also to be discrepancy in the total amount of combined public and private money spent on health care between the United States and the United Kingdom. Based on the previously discussed statistics, the United States spends 15.4% of GDP on its health care while the United Kingdom spends a considerably lower 8.1% of GDP on health care. In terms of what this means for each individual residing in these countries, while per capita GDP in the United States is $41,890 and $6,096 of that is spent on health care, per capita GDP in the United Kingdom is a slightly lower $36,509 but a significantly lower amount, only $2,560 per capita is spent on health care. (United Nations Development Programme; See Table 1). By having everyone contribute a little bit to the entire society's health care, it appears that health care becomes significantly cheaper for everyone. It is also interesting to note that the United States, with a GDP (in millions) of $12,416.5, as compared to the United Kingdom's $2,198.8, would have a lot of GDP to spend elsewhere if only 8.1% was spent on health care instead of 15.4%. Because there are many mixed feelings

History (access to humanities and social science) Essay - 1

History (access to humanities and social science) - Essay Example (Davis & Moore, 1945: quoted in Zaidi, 1999) The most important factor of social stratification includes the division of society in three main classes i.e. upper, middle and lower. Lower or labor class makes the largest stratum of almost all societies that contains limited income resources and wealth. An overwhelming majority of the individuals belonging to this class has to survive and fulfill their needs and requirements in these scarce resources. Since the poor stratum or lower class is not able to keep the wolf from the door even by working hard from dawn to dusk, almost all members of this class engage themselves in financial activities in order to meet with their growing expenditures. Consequently, the children are also expected regarding lending a helping hand to their parents and senior family members by earning something in one way or the other. Hence, child labor has been in vogue for centuries, and children of lower stratum had been deprived of proper nutrition, adequate l earning facilities basic education and other fundamental rights since ever. The working classes had been undergoing extremely miserable and pathetic situation in all parts of the planet. Their situation was worse in European countries during 18th and 19th centuries, where the exploitation of the innocent children was order of the day. They worked at the houses, farms and agricultural lands of the rich clergy and nobility from dawn to dusk, and did not get any money in return. Industrial revolution of 1750 increased the miseries of the working classes and their children were forced to work in mills and factories with no or nominal remunerations and wages. Since there had been taken place no legislation to protect the rights of women and children at the eve of industrial revolution, there was no statute of law to bar the recruitment of children in industries. It was the time when industry was in its budding and the owners of mills, factories and industrial units required

Christian conceptions Essay Example for Free

Christian conceptions Essay Baldassare Castiglione’s work â€Å"The Courtier† has similar conceptions of grace and love when compared to with Christian conceptions. Baldassare Castiliogne characterizes the courtiers of Urbino as omini per virtu singulari (IV, 2, 446: men singular in worth[286]), emphasizing their grace and virtue they were able to exhibit throughout the entire passage. This also reflects the ways they were able to entice the imagination of the readers and make their (readers) minds more creative. Castiglione writes about the Urbino court and its inhabitants as a kind of ideal place where grace and virtue was heavily practiced. Most of the courtiers and ladies in the court possess only minor character flaws and petty foibles. In his writing, he idealizes them as civilized and perfectly restrained individuals who are devoid of serious personal vices and defects. In a sense, Castiglione wants to present them as ideal types, as the onorati esempi di virtu (IV, 2, 448: honored models of worthiness[287]) as can be read from his prologues where moral fortitude, scholarship and genuine love should emulate and be exuded by the readers even after reading the entire piece. The following excerpt from â€Å"The Courtier† shows that Lord Guidobaldo has lived an exemplary life worth of emulation by the other inhabitants. â€Å"When lord Guidobaldo di Montefeltro, duke of Urbino, passed from this life, I together with several other knights who had served him remained in the service of duke Francesco Maria della Rovere, heir and successor to Guidobaldos state; and as in my mind there remained fresh the odor of duke Guidos virtues and the satisfaction which I in those years had felt from the loving company of such excellent persons, as then frequented the court of Urbino†. (Letter, 1, 67-8) Castigliones goal in his work was to set his statements of praise for Urbino and its inhabitants in general and conventional terms. He did not cite the military exploits or civic triumphs of a character he praises, instead, he celebrates all of them for their virtu, (virtue) their ingegno, (ingenuity) their ottime qualit (high dignity). Instead, Castiliogne characterizes these exploits as a collective victory for the person he is giving life to. This also gives life to the colorful sceneries and animations to the story as this draws the attention of the readers. Castiliogne pursues the elevation of Urbinos image to an exemplary moral excellence and its value for posterity. In his first two prologues, Castiglione highlights the superiority of Urbinos inhabitants. In the prologue to Book III, Castiglione states that if Urbinos pastimes convince him of its excellence, he should be able to imagine easily how much greater the courtiers virtuous actions were (III, 1, 336). In the last prologue, Castiglione praises the courtiers directly as omini per virtu singulari (IV, 2, 446: men singular in worth[286]). He viewed the court as a paragon of moral exempla (IV, 2, 448: chiari ed onorati esempi di virtu). The court is presented as an ethical model not only to other existing courts at that time but also to the succeeding generations to come. Moreover, Castiglione confesses in the third prologue that he wrote his text carefully to faria vivere negli animi dei posteri (III, 1, 336: make it live in the mind of posterity[202]). Finally, as his culture upholds classical antiquity, he projects that the young and upcoming generation will envy his time because of the exemplary Urbino court. (III, 1, 336: forse per lavvenire non manchera chi per questo ancor porti invidia al secol nostro). Similarly, the virtues of grace and love which are present in Castiliogne’s work are also present in Christian morals and manners. Christian morals are a function of moral discernment and moral reasoning. For instance, James Gustafson stated that moral discernment refer to basic dispositions that are shaped in part by the faith and trust Christians have as they offer themselves up to God. Moreover, James Gustafson stated that the concept of moral discernment was related to moral reasoning. Gustafson explained that moral reasoning pertains to a character, or personal moral ability, which covers dispositions, traits, and actions of the moral agent. (Selnick, 1992). Castiliogne stated that the courtier is expected to serve and increase in favour with her Lady. He should instruct her in virtue and refrain from vice and dishonesty. He should speak truth all the time. This concern is evident in Christian morals and manners. According to Harring, the moral and religious value of our acts attains the peak level only when the fundamental option results in the conquest one’s energies and vision such that one’s motives and decisions come from the depth in which the Spirit moulds and guides. (Harring, 1978). Castiliogne exhorts the courtiers to be kind to their subordinates, to avoid flattery, to be wise in the relations with other states and to have good manners in speech and language. Moreover, the courtier must have â€Å"good utterance† and â€Å"sweet language† to the other personalities in the court and avoid offending other people. This exhortation finds a strong support in Christianity’s theological and ethical attention which has shifted away from the relations with the divine towards human relations to interpersonal human relations. (Post, 1990). This shift resulted in the sharp distinction between public activity and private relations. First, it highlighted the fact that the selfs relation with God does not necessarily impact on one’s neighbor. Second, it states that the divine intentions may not relate directly to an individual’s human flourishing. This re-evaluation of one’s faith highlights the moral dimensions of Christianity and renders faith as an essential and crucial aspect of living well. (Weaver, 2002) The old men then attack the change in customs in Urbino court which they perceive as reflective of moral decay. In response to this, Castiliogne countered that he is a judge who can state that there is no age, past or present that is either totally good or totally evil. Then in this excerpt, Castiliogne argued that it is the old men who have changed their behavior and not the courts. These old men lament their loss of youth, power, and vitality. This situation leads to nostalgia which distorts the truth about both past and present. This excerpt is as follows: ne dei passati piaceri riserva (lanimo) altro che una tenace memoria e la imagine di quel caro tempo della tenera eta, nella quale quando ci ritrovamo, ci pare che sempre il cielo e la terra ed ogni cosa faccia festa e rida intorno agli occhi nostri, e nel pensiero come in un delizioso e vago giardino fiorisca la dolce primavera dallegrezza. (The Courtier II, 1, 188) . . . and [the mind] retains of past pleasures merely a lingering memory and the image of that precious time of tender youth in which (while we are enjoying it), wherever we look, heaven and earth and everything appear merry and smiling, and the sweet springtime of happiness seems to flower in our thoughts as in a delightful and lovely garden. (The Courtier II, 1, 188) Similarly, Christian morality has shown interest in one’s personal ethical development. The flourishing of the self encompassing virtue ethics and spirituality reveals a post modern reassessment of the classical concepts and tools for reflecting on the selfs good. (Naussbam, 1994). Baldassare Castiliogne characterizes the courtiers of Urbino as omini per virtu singulari (IV, 2, 446: men singular in worth[286]), emphasizing their grace and virtue. Similarly, Christian morals and manners show the importance of all the human virtues required of the courtiers during the time of the Urbino court. The courtiers’ excellent speech, manners and deportment to their equals and subordinates exhibit a vivid example of their faith and their excellent human manners. Alongside the traditions and practices that the courtiers’ have shown, the author have clearly emphasized on the human manners that there should be equality among all others and in order to achieve a specific and unified goal, there should be subordination so that in the long run, there will be authority to be followed and rules are set on such manners. Works Cited: Castiglione, Baldassare. The Book of the Courtier. New york: Scribners Son, 1901. 7-439. James M. Gustafson, Moral Discernment in the Christian Life, in Gene H. Outka and Paul Ramsey, Norm and Context in Christian Ethics. New York: Charles Scribners Sons, 1968, p. 31. Haring, Bernard. Free and Faithful in Christ. New York: Seabury Press: A Crossroads Book, 1978, p. 85. Kolsky, Stephen D. Old Men in a New World: Morello da Ortona in the Cortegiano. Italica 75 (1998): 336-448. Long, Edward Leroy. A Survey of Recent Christian Ethics. New York: Oxford University Press, 1982. Martha Nussbaum. The Therapy of Desire: Theory and Practice in Hellenistic Ethics. Princeton, NJ: Princeton University Press, 1994. Post, Stephen. A Theory of Agape: On the Meaning of Christian Love. Lewisburg, PA: Bucknell University Press, 1990. Selnick, Philip. The Moral Commonwealth: Social Theory and the Promise of Community. Berkeley: University of California Press, 1992, p. 361. Weaver, Darlene. Self Love and Christian Ethics. Cambridge: Cambridge University Press, 2002. Webhorn, Wayne. Courtly Performances Masking and Festivity in Castigliones Book in the Courtier. University of Texas at Austin, 1978.

Energy Production Essay -- Environment, Natural Gas

In today’s society, it’s nearly impossible to open a newspaper, fire up a computer, or hold a conversation that isn’t someway related to energy. Since the beginning of the industrial revolution over a century and a half ago, nothing has been more pivotal to mankind’s rise to power as the apex species of planet earth. Had our ancestors not discovered the potential of using million year old plant and animal remains to create combustible power, the world would look very different. There is no denying that energy production is one of, if not, the most important developments in human history. After a hundred and fifty years of recklessly burning oil and coal, we find ourselves having to deal with the literal mess unforeseen by our industrious forefathers. No longer can the repercussions of our unsustainable addiction to fossil fuels be ignored nor can we defer the task of finding a solution to the next generation of humans. â€Å"Energy use and its cost are rising worldwide, most countries remain dependent on oil imports, and little progress has been made toward curbing climate change† (Deutch 2011). This inconvenient truth has left governments, environmentalists, and consumers scrambling to develop a way to provide massive amounts of energy at an affordable cost while significantly reducing our harmful carbon emissions. In a perfect world alternative, clean energy should have been pursued intensively when true magnitude of oil instability was first revealed in the 1970’s but better late than never. There are dozens, if not hundreds of oil and coal alternatives that are being considered, however, while many options look promising in theory the overwhelming majority of them such as: wind, solar, and biofuel just aren’t economically feas... ...to guide the design of the study. The initial research results from the study are expected until the end of 2012 with a goal for a report in 2014. ANH International. "About Us | ANH International." Welcome to Alliance for Natural Health International | ANH International. 03 Mar. 2011. Web. 03 Mar. 2011. . ANH-USA 1. "A Huge Fracking Mess." Welcome to the Alliance for Natural Health - USA. 23 Feb. 2011. Web. 03 Mar. 2011. . ANH-USA 2. "Campaigns." Welcome to the Alliance for Natural Health - USA. 03 Mar. 2011. Web. 03 Mar. 2011. . ANH-USA 3. "Overview." Welcome to the Alliance for Natural Health - USA. 03 Mar. 2011. Web. 03 Mar. 2011. .

Exchange and Transport in Protozoa :: Biology

Exchange and Transport in Protozoa The exchange of gases between the environment and cells occurs via the process of diffusion. Diffusion depends on:  · The amount of surface area available for diffusion. The larger the surface area the greater the rate of diffusion.  · The concentration gradient. An organism which respires very quickly will have a much lower concentration of oxygen in the cells and a higher than normal concentration of Carbon Dioxide. So the greater the concentration gradient across the respiratory surface the quicker the rate of diffusion.  · The thickness or length of the diffusion path. The greater the thickness of the path the slower the rate of diffusion because the gases will have to travel a larger distance. So the respiratory surface must be as thin as possible. The relation of the three points above can be summed up by Fick’s Law: However, the amount of gas which an organism needs to exchange is greatly proportional to its volume, nevertheless, the amount of gaseous exchange which takes place is proportional to the surface area over which the exchange happens. For single celled/unicellular organisms the surface area to volume ratio is large, however, for larger organisms the surface area to volume ratio decreases. The larger the object gets the more complicated it gets. The smaller the object the larger the surface area to volume ratio. This is where single celled organism have an advantage. Organisms like Amoeba can exchange gases with environment quickly and easily. However exchange surfaces need to attain certain properties to maximise gaseous exchange. They are:  · Need to have a good blood supply- high concentration gradient  · Moist- Dissolve gases  · Large Surface Area  · Thin walls  · Permeable As single celled organisms are small so they do not have to have specialised systems like much larger organisms like mammals. Single celled organisms like amoeba do not have to have transport systems or specialised systems because they are so small so [IMAGE]substances do not have to travel far to get to their desired destination. The contractile vacuole in this amoeba is used for water regulation.

One Minute Manager Essay

The one minute manager is a short story which explains the three management procedures or techniques that a manager needs and can use to be the superlative manager that he can be. It begins with a man probing for an effective manager anywhere and everywhere throughout the world. He comes across many of these managers but they are either harsh or pleasant. These harsh managers have the company operational but their employees are not pleased. The nice managers have their employees happy but their company is gone astray. He notes that the managers attentiveness were in result and people. Virtuous manager’s interests are in the outcomes and the people. He, at the end of the day, heard about a spectacular manager who lived nearby in a town. He came in contact and they both set a date when they could meet and discuss certain things. He found it incongruously strange that he had any time available except Wednesday mornings. When they met, he asked him if he hold regular meetings with his subordinates. The manager replies that he does hold meetings every Wednesday morning. They discuss the problems they had, what needs to be accomplished, and develop plans and strategies for the upcoming week. Those decisions were made both by him and the people in the organization. The manager further explains that he does not like to participate in his subordinate’s decision making. The purpose of his organization is efficiency and getting results. He also explains that they are productive because they are organized. The manager believes that you can only get results through people. So, this explains it all; he is a result and people oriented manager. He is interested in both results and his people. They go â€Å"hand in hand† he says. He keeps his people feeling worthy about themselves because that is when they make progress and more comes out of it. â€Å"People who feel good about themselves produce good results.† This was written on a plaque on the manager’s desk. He believes that when people feel great about themselves, it is the fund amental of getting the most output. Efficiency is not only the quantity of work being done, but also the quality of it. Quality is giving the people the service they really want. Quantity is how much of that product you actually have.  The greatest way to receive both quality and quantity is through people. The man asks the manager to describe what kind of manager he thinks he is. He replies by saying â€Å"I am a One Minute Manager†. The manager then explains that it takes very little time for him to get immense results from people and he is sent to three people. The first person he meets with is Mr. Trenell. Through this visit with him, the man identifies the first secret of being a One Minute Manager. The first secret is One Minute Goal Setting. Mr. Trenell further explains that it is the foundation of a One Minute Manager. He explains that the One Minute Manager always ensures that you know what your responsibilities are and if the tables turn, what you are being held responsible for. This reduces confusion of what the managers think you should do and what you think you should be doing. Every one of his subordinates has to write down each goal on a separate paper no more than 250 words. He does this to make sure everybody is clear on what they should do and to occasionally check the progress. The One Minute Manager believes that 80% of the results come from 20% of the goals. The point of One minute Goal Setting is to avoid the surprises of not knowing what your work is to do and what is to be expected from the beginning. One Minute Goal Setting does not just help you to understand what your responsibilities are but also to make your performance standards clear. The manager shows the employees what he expects of them. Mr. Trenell further explains his experience on his first few days of working and how the manager got him to think the way he does and allow him to make his own decisions. One Minute Goal setting is basically just agreeing on your goals, writing down your goals with no more than 250 words, read and proof read your goals, look at your performance and see whether your behaviour counterparts your goals. The second secret of becoming a One Minute Manager is One Minute Praising. Mr. Levy, the second person he speaks to, explains to him what this secret is about. He said that it would be a lot easier for him to do well if he got crystal clear feedback from the manager on how he was doing. The manager wants him to succeed, help the organization, and to enjoy his work. He would, in no ambiguous terms, tell him when he was doing well and when he was doing poorly. Mr. Levy pointed out that the manager is always in close contact. He observes his subordinates works and activities very closely and he would make them keep a record of their progress that they should send to  him to look over. This was to make the manager see that he was doing something right and praise him for it. The manager also says that â€Å"to help people reach their full potential and to see them doing something right† is the motto for the One Minute Praising. Mr. Levy explained that other organizations spend most of their time pointing out what is wrong rather than praising what was right. The manager of the organization they are in focus more on the positive than the negative. When the manager praises you, it is no more than a minute and he usually makes contact with you by placing his hands on your shoulder or touching you in a pleasing way. He says â€Å"the more consistently successful your people are, the higher you rise in the organization†. When the manager praises you, he looks you right in the eye and tells you what you did right and how he felt about it. Praising always need to be immediate. One Minute Praising works well when you tell them face to face how they are doing, what they did right, how good you feel about that action, encourage them to do more of the same, and shake hands or make contact in a way that is clear that you support their success in the organization. After he went to see Mr. Trenell and Mr. Levy, he went to Miss Gomez instead of Miss Brown. He asked Miss Gomez if they had the best equipment and if the manager loses a lot of people. Miss Gomez replied and said that they don’t have the best equipment and that people that leave the One Minute Manager get their own operation because they don’t need a manager. After a while, he noticed that Miss Gomez was busier and more unorganized than the manager actually was. The next morning he went to see Miss Brown to find out what the third secret was to becoming a One Minute Manager. The third secret was One Minute Reprimands. This is when a subordinate makes a mistake and the manager responds quickly. As soon as he has knowledge of the mistake he will come to see you and confirm the actualities. He looks you in the eyes and tells you what you did wrong and how he feels about it. The Reprimand takes about 30 seconds. After he tells you how he feels, he gives it a minute to let it descend into you. The minute manager does not tackle the person but their behaviour. When the Reprimand is over, Miss Brown says that the One Minute Manager has taught them the value of being able to laugh at themselves when they make a mistake. It helps them to make progress with their work. The one minute reprimand works well when you tell people beforehand how they are doing in  the organization. The Reprimand includes two halves. The first half is to Reprimand immediately, tell people what they did wrong, tell them how you feel when they did wrong, and to stop for a few seconds of scratchy silence to let them feel how you feel. The second half is to shake hands, or touch them to make them know you are on their side, remind them of how much you value them, reaffirm them of how you think of them, and realize that when the Reprimand is over, that it is actually over and there is no turning back. The manager, after all of those meetings, explained all the secrets to the man after meeting with Miss Brown. He explained in detail why you set One Minute Goals, One Minute Praising, and One Minute Reprimands. One Minute Goals are there to ensure that your employees know what you are asking of them and the goals they need to achieve within the organization. You give One Minute Praising to ensure the employees of their right doings and to encourage them to enhance their performance. You give One Minute Reprimand to tell them what they did wrong and that they can do better. Finally, the man got a job at the manager organization as a One Minute Manager.

Tennessee Temple

Islam is the religion articulated by the Quran, a book considered by its adherents to be the verbatim word of the single incomparable God and by the Islamic prophet Muhammad's demonstrations and real-life examples. The word Islam is a homograph, having multiple meanings which are directly interpret as peace. Other meanings include submission or the total surrender of oneself to God. The origin of Islam dates back to the creation of the world. All the prophets who came to this world preached the same message of believing in one God and to accept them as His messenger. The prophets were also blessed with a manifestation of divine will or truth. Likewise, Prophet Mohammad was also a messenger of God. He revealed the truth and the way of life through the Holy Quran. Before the birth of Prophet Mohammad, the Arab society was sunk into darkness. Although the Arabs believed in the unity of God, but they also claimed that God has entrusted His duties to various gods, goddesses and idols. For this purpose, they had more than 360 idols. They considered angels as the daughters of God. They were ignorant of social values. They were nomadic people who were dependent on cattle for their living. There was no government or law. All power existed with the rich. The society was full of barbarity and brutality. Tribes fought with each other over trivial matters for centuries. A slight argument over horses or water could lead to the slaughtering of thousands of innocent people. It was the birth of Prophet Mohammad in 570 A. D in the city of Makkah which brought a revolution to the entire fate of the nomadic Arabs. He became famous among the people of Makkah at a very early age because of his allegiance and reliability. He was widely known as Al-Ameen or honest, trustworthy. At the age of 40, when Mohammad was meditating at Mt. Hera, he received a revelation from God. The angel Gabriel said to him, â€Å"Iqra† which means â€Å"to read†. Mohammad replied â€Å"I cannot read†. Gabriel embraced and released him. Then the first five verses of God were revealed to him who said, â€Å"Recite in the name of your Lord who created! He created man, out of a (mere) clo th of congealed blood. Recite; and thy Lord is most bountiful. He who had taught by the pen, taught man what he knew not. † Mohammad started proclaiming the message of believing in one God. The people who once called him â€Å"Trustworthy† and â€Å"Honest† boycotted and plotted to kill him. In 622 A. D. , due to worsening living conditions and social isolation, was broken in 629 A. D by the non-Muslims of the Makkans. Mohammad moved towards Makkah with 10,000 men and the battle was won without a single Prophet Mohammad migrated to Medina along with his followers. This flight was known as Hijrah and marks the beginning of the Muslims calendar. Mohammad's message spread rapidly and the number of followers increased in Medina. During the next few years, a series of battles were fought between various tribes of Makkah and the Muslims of Medina. In 628 A. D, the Treaty of Hudaibiyah was signed between the two parties. Truce was declared for 10 years. The treaty bloodshed. Mohammad died in 632 A. D, at the age of 63 in the city of Medina. Mohammad's death brought a huge catastrophe among Muslims. People could not believe that Mohammad had left them forever. Many of the followers were perplexed and distraught, and claimed him to be still living. At that time Mohammad funeral, Abu Bakr, who was the most respected of all the followers affirmed that, â€Å"O people, those of you who worshipped Mohammad, Mohammad has died. And those of you who worshipped God, God is still living. † Now being a Muslim requires that they read their Quran or their bible. â€Å"Reading† The Quran is the â€Å"Word of God† to Islam. About 4/5 the length of the New Testament. Muslims believe the identical book is in Heaven and Allah sent the angel Gabriel to Mohammed to reveal his â€Å"Word†. The Quran is divided into 114 chapters or Surahs. The Surahs are revelations given to Mohammed during his 23 years of â€Å"Prophet Hood† from 610 AD to 632 AD. The Quran, composed during Mohammed’s lifetime corresponds to the time and circumstances of his life. The Surahs or chapters can be divided into three time periods. The earliest Surahs are the shortest and known as Early Meccan, and date from 610 to 622 AD. Composed in Mecca, prior to Hejira where Mohammed fled to Medina in September 622 AD. The Median Surahs were composed during the time Muslims controlled the city of Medina. They date from 622 to 630 AD. The doctrine of Jihad was introduced as war was waged against Mecca and its idol worshipers. Animosity toward the Jews and Christians increased as they rejected Mohammed as a prophet from God. Late Meccan Surahs were between 630 and 632 AD. The last 2 years of Mohammed’s life after Mecca surrendered to his authority. Surahs were at this time not collected in one book but were memorized and collected on various items. In the battle of Yamamah in 633 AD many of the Hafiz died. The Hafiz were Muslims who had committed much of the Quran to memory. With the urging of Umar, Zayd ibn Thabit, one of Mohammed most trusted secretaries was appointed to the task of collecting the Quran into one book. Still later after different versions of the Quran began to appear Zayd was put in charge of collecting all the Qurans throughout the Muslim world and issuing an authorized copy in the place of one’s collected. The Quran makes the appeal to its beauty and consistency with previous scriptures as proof of its inspiration. The teaching of Quran and Hadith (sayings of Prophet Mohammad) revolves around two Arabic words namely, Emaan (Faith) and Amaal (Acts). Emaan is like the roots of a tree and Amaal are the stems, leaves or other parts of it. Just as without the roots, the tree cannot survive, similarly, without faith, the acts are useless. The teachings of Quran emphasize mostly on the beliefs and an overview the acts, whereas the Hadith explains both beliefs and acts in details. Muslims believe that although there may be reservations in the Hadith, but Quran is free from all the mistakes and is infallible. Quran is comprised of 114 Surahs (chapters) and 6236 Ayats (verses). Quran was preserved through writing and memorization. Undoubtedly, today Quran is the only book which is fully memorized by more than 10 million people all over the world. The teachings of Quran confirm the revelations of other books and scriptures on various prophets. But, at the same time, all these books are considered to be corrupted with time and do not contain the original script of God. The six articles of faith are the main doctrines of Islam. All Muslims share beliefs in God, Angels, Scriptures, Prophets, Resurrection and Divine Creed. They also believe in the five pillars of faith. These are duties each Muslim performs to demonstrate his or her faith. They include: Testimony of Faith, Prayer, Almsgiving, Fasting and Pilgrimage or taking a trip somewhere.

Role of Business Economic Development

Chapter – 1 Introduction Page 1. 1 Background03 1. 2 Financial economic sector04 1. 3 Microfinance04 1. 4 Economy of Bangladesh05 1. 5 Objectives of the term paper06 Chapter- 2 Conceptual issues 2. 1 The Garment Industry of Bangladesh 06 2. 2 Agriculture07 2. 3 Textile Sector08 2. 4 Manufacturing and Industry09 2. 5 Banking and Finance10 2. 6 Statistical Position of Economy in Bangladesh 10 Chapter-3 Database 3. 1 Economic Transformation11 3. 2 Economic performance12 Chapter 4 Finding of The Study Page 4. 1 Garments & Textiles 12 4. 2 Spinning 16 4. 3 Frozen Foods 18 . 4 Leather 19 4. 5 Electronics 20 4. 6 Agriculture 21 4. 7 Information Technology 24 4. 8 Pharmaceuticals 25 Chapter-5 Conclusion 5. 1 Summary of Major Findings 27 5. 2 Economic Performance 28 5. 3 Policy Recommendation 28 Chapter – 1 Introduction There is no denying the fact that the economical business sector plays a significant role in the economic development of a country. The importance of an efficien t economic sector lies in the fact that, it ensures domestic resources mobilization, generation of savings, and investments in productive sectors.In fact, it is the system by which a country’s most profitable and efficient projects are systematically and continuously directed to the most productive sources of future growth. The financial system not only transfers funds from savers to investors: it must be able to select projects which will yield the highest returns, accumulate sufficient quantities of capital to fund the range of investment projects across economic activities, account for price risks across assets, monitor performance, and enforce contracts.The larger the business sector in the context of the overall economy, the greater the share of lending by depository rather than central banks, and the greater the share of credit to private sector rather than public sector, the greater is the rate of economic growth. The country's economy is based on agriculture. Rice, ju te, tea, sugarcane, tobacco, and wheat are the major crops. Bangladesh is the world's largest producer of jute. Fishing is also an important economic activity, and beef, dairy products, and poultry are also produced. . 1-Background Bangladesh, since its independence in 1971, had to experience several military rules besides democratically elected government associated with major political assassinations. Regardless of all the aroused disputes, the country constantly pushed to achieve economic, social and developmental success through introduction and implementation of different policies during the ruling period of different elected governments as well as at the time when the country was declared to be under the emergency rule.Bangladesh, named in the list of the developing nations, is blessed with several natural advantages over developed countries. Examples of such are huge reserves of oil, natural gas, coal, timber and the only natural port of the world that connects SAARC and ASEA N business hub together. The utilization of such natural assets are closed to zero. Foreign donors are granting financial aids for reformation and infrastructure development of the country. Loans are being taken on heavy interest, by GOB, from World Bank and Asian Development Bank for developmental purposes. 1. -Financial economic sector The financial sector consists of the central bank, Bangladesh Bank, 4 state owned commercial banks, 5 government-owned specialized (development) banks, 30 domestic private commercial banks, 9 foreign-owned commercial banks, and 29 NBFIs. In terms of both industry assets and deposits, private commercial banks command the greatest market share. Additionally, 298 micro credit organizations are licensed by the Micro credit Regulatory Authority (MRA). Insurance companies, stock exchanges, and cooperative banks comprise a smaller part of the financial system.As of August 2008 the net domestic assets of the country’s banking system were valued at BD T 1. 9 trillion ($28 billion). 1. 3- Microfinance The average annual growth rate in the microfinance sector in Bangladesh over the five years 2003–2008 was 23 percent. It is expected to reach 25 percent annually over the next three years (2009–2012) as a result of growing demand for larger loan sizes. Despite its significant outreach—estimated at 60 percent of all Bangladeshi households—microfinance assets remain less than 2 percent of GDP, having increased only marginally relative to GDP since 2001.The total loan portfolio of the microfinance sector is estimated to exceed BDT 135 billion and total borrowers, to exceed 30 million. Although it is difficult to estimate the unique number of microfinance borrowers, taking into account their cross-indebtedness to different microfinance providers, they likely number 18 million. It is estimated that just over 60 percent of them have income below the poverty line. The Micro credit Regulatory Authority Act of 2006 limits two important potential MFI funding sources: equity investments and deposits.Foreign currency financing is also effectively prohibited. MFIs in general have access funding for most MFIs. These sources seem adequate to cover current funding needs. 1. 4- Economy of Bangladesh Bangladesh is an agriculture driven economy. Total of 54% of the population of the nation is directly and indirectly involved in farming and lives in rural areas (World Bank, 2011). Due to soil fertility and ample supply of water, having the blessing of thousands of rivers and its branches zigzagging nationwide.Bangladesh can harvest three crops every year. Apart from the fact that cyclones and floods damage crops every year, the production of crops meets substantial local consumption demand but are not grown sufficiently enough for export purposes. Where both men and women are engaged in generating foreign revenue and contributing to the GDP. The third sector which contributes greatly to the economy of t he nation is the export of manpower which brings remittances by Bangladeshi workers working abroad, such as in Middle-East Singapore, Malaysia, etc.Due to cultural and religious norms, women previously stayed within the compound of their houses and were liable to take care of the house-hold activities, whereas men were regarded as the only earner and head of the family. CIA World Fact-Book, published in 2010, economy structure of Bangladesh is as follows:- GDP(PPP) $259. 30 Billion GDP Growth 6. 00% GDP(Per Capita) $1,700 Public Debt / National Budget 39. 30% / $11. 43 Billion Inflation Rate 8. 10% Exports $16. 24 Billion Imports $21. 34 Billion External Debts $24. 6 Billion Table-1 Economics Of Bangladesh (Source: CIA World Factbook,2010) Released beat-up report of World Bank, in 2007, estimated Bangladesh of becoming a Middle income country. It has been suggested, to reach the goal, Bangladesh should emphasize to deepen its industrial base, integrate more into global markets and p rioritize urban economic development. The country has large reserves of natural gas, petroleum deposits and low-grade coal. All these minerals are rare and demanding in the global market, specially for industrial and Energy-generation purposes.Cheap labor-force advantages make the local manufactured Products highly competitive in global markets through FDI, introduced and encouraged Firstly by the government formed in 1991. The major source of foreign earnings is being Transacted from garments and textiles export and remittances sent home by Bangladeshi workers living abroad. 1. 5-Objectives of the term paper The broad objective of the study is to examine the reforms that took place in Bangladesh and to explore the financial implications of the reforms.Followings are the specific objectives of the study:  · To review the economic sector reform programs;  · To compare the financial performance of the economic system in Bangladesh before and after implementation of the economic se ctor reforms;  · To identify different problem areas of the economic sector of Bangladesh, which still needed careful restructuring for better performance; and  · To suggest some policy measures for strengthening the restructuring mechanism. Chapter- 2 Conceptual issues 2. 1 The garment industry of BangladeshThe garment industry has played a pioneering role in the development of industrial sector of Bangladesh. Though it took a rather late start i. e. , in 1976 but it soon established its reputation in the world market within a short span of time. Resultantly garment is now one of the main export items of the country. Besides, enriching the country's economy it has played a very important role in alleviating unemployment. At present there are more than two thousand one hundred garment factories in the country employing more than 12 lack labors. 85 percent of the labor force is women. . 2 Agriculture Most Bangladeshis earn their living from agriculture. Although rice and jute are the primary crops, maize and vegetables are assuming greater importance. Tea is grown in the northeast. Because of Bangladesh's fertile soil and normally ample water supply, rice can be grown and harvested three times a year in many areas. Population pressure continues to place a severe burden on productive capacity, creating a food deficit, especially of wheat. Foreign assistance and commercial imports fill the gap, but seasonal hunger remains a problem.Underemployment remains a serious problem, and a growing concern for Bangladesh's agricultural sector will be its ability to absorb additional manpower. Finding alternative sources of employment will continue to be a daunting problem Most Bangladeshis earn their living from agriculture. Although rice and jute are the primary crops, maize and vegetables are assuming greater importance. Tea is grown in the northeast. Because of Bangladesh's fertile soil and normally ample water supply, rice can be grown and harvested three times a ye ar in many areas.Due to a number of factors, These include better flood control and irrigation, a generally more efficient use of fertilizers, and the establishment of better distribution and rural credit networks. Population pressure continues to place a severe burden on productive capacity, creating a food deficit, especially of wheat. Foreign assistance and commercial imports fill the gap, but seasonal hunger remains a problem. Underemployment remains a serious problem, and a growing concern for Bangladesh's agricultural sector will be its ability to absorb additional manpower. [pic] Map showing the growing areas of major agricultural products.Main article: Agriculture of Bangladesh 2. 3 Textile sector Bangladesh's textile industry, which includes knitwear and ready-made garments along with specialized textile products, is the nation's number onexport earner, accounting for 80% of Bangladesh's exports of $15. 56 billion in 2009. Bangladesh is 2nd in world textile exports, and Chi na which exported $120. 1 billion worth of textiles in 2009. The industry employs nearly 3. 5 million workers. Current exports have doubled since 2004. Wages in Bangladesh's textile industry were the lowest in the world as of 2010. [pic]The country was considered the most formidable rival to China where wages were rapidly rising and currency was appreciating. As of 2011 wages remained low for the 3 million people employed in the industry, but labor unrest was increasing despite vigorous government action to enforce labor peace. Owners of textile firms and their political allies were a powerful political influence in Bangladesh. 2. 4 Manufacturing and industry Many new jobs – mostly for women – have been created by the country's dynamic private ready-made garment industry. Eastern Bengal was known for its fine muslin and silk fabric before the British period.The dyes, yarn, and cloth were the envy of much of the pre-modern world. Bengali muslin, silk, and brocade were w orn by the aristocracy of Asia and Europe. The introduction of machine-made textiles from England in the late eighteenth century spelled doom for the costly and time-consuming hand loom process. Cotton growing died out in East Bengal, and the textile industry became dependent on imported yarn. Those who had earned their living in the textile industry were forced to rely more completely on farming. Only the smallest vestiges of a once-thriving cottage industry survived. 2. 5 Banking & Finance The banking system dominates the financial sector accounting for about 97% of the market in terms of assets. * Government has undertaken major reform initiatives to improve the regulatory and legal environments for banks. * Several specialist development financial institutions have been providing long-term debt, equity financing and leasing. [pic] 2. 6- Statistical Position of Economy in Bangladesh |The Economy in 2009-2010 | |Currency | Taka (Tk. | |GDP at current price | Tk. 6,149,432 millio n | |Annual per Capita GDP | Tk. 42,638 | |GDP growth rate at constant price | 5. 88 percent | |Industrial growth rate at constant price | 8. 05 percent | |Inflation rate | 5. 4 percent | |Investment rate | 25. 6 percent of GDP | |National savings rate | 30 percent of GDP | |Exports (US$) | US$ 12,816. 11 million | |Foreign Reserve | US$ 6,562. 0 million (up to May 2008-2009 financial year) | | | |Import and Export | |Principal Industries |Jute, tea, textiles, garments, paper, newsprint, fertilizer, leather and | | |leather gods, sugar, cement, fish processing, pharmaceuticals, chemical | | |industries, etc. |Traditional Export Items |Raw jute, jute manufactures (hessian sacking, carpet backing, carpets), jute | | |products, tea, leather, leather products etc. | |Non-traditional Export Items |Garments, frozen shrimps, other fish products, newsprint, paper, naphtha, | | |furnace oil, urea, ceramic products, light engineering items etc. |Principal Imports |Wheat, oil, seeds, crude pe troleum, raw cotton, edible oil, petroleum products,| | |fertilizer, cement, staple fibers, Raw Cotton, iron & steel, capital goods, | | |pharmaceuticals raw materials etc. | Chapter-3 Database 3. 1- Economic Transformation The Bangladeshi economy has shown great resilience in the face of the recent global economic crisis and recession and has continued to grow at a healthy rate. Since 1996, the economy has grown 5% – 6% per year.Political instability, poor infrastructure, corruption, insufficient power supplies, and slow implementation of economic reforms have not slowed down growth. Economists agree that the country has the potential to achieve a higher growth rate if these roadblocks are adequately addressed. More than half of GDP is generated through the service sector, but nearly two-thirds of Bangladeshis are employed in the agriculture sector. The share of agriculture in the labor force is 45%, in industry 30% and in services 25%. The share of the service sector in GDP is 52. 6% while industry’s share is 28. % and agriculture’s 18. 7%. In 2009, garment exports, totaling $12. 3 billion and remittances from overseas Bangladeshis totaling $9. 7 billion accounted for almost 25% of GDP. The country was not completely immune from the global economic downturn; the principal adverse effect of the recession was a reduction in export revenue in 2009. It came on the back of a very high growth of 23% in 2008. However, overall exports declined by only 2. 0%. Despite recent high growth rates, socioeconomic development is still not favorable for the majority of the population. 3. -Economic performance Bangladeshis have access to a water point. However, due to the discovery of arsenic in the ground water, only 76% of these can now be considered safe. In 2006, the Joint Monitoring Program by WHO and UNICEF reported that 51% of urban areas had improved sanitation facilities and only 7% of urban areas had sewerage connection. In addition, only 32% of the rural population was using improved sanitation in 2006. Female economic activity accounts for 52. 7% of the economy, but females earn less than half the income of their male counterparts.The number of poor women is higher than their male counterparts and the extremely poor is largely women, while there is a higher proportion of a female-headed household than male-headed ones among the ultra-poor. However, the country has made significant progress in achieving gender parity in primary and secondary education. Rural areas still lack basic health care facilities and educational institutions. The number of health care facilities in rural areas has not grown as quickly as the number of education institutions, thanks to the NGOs working in the education sector.Child underweight rates have hovered at about 46% since 2000. The total number of undernourished people in Bangladesh is approximately 41 million. Overall, according to the 2010 data, the HDI for Bangladesh was 0. 469 with a ran k of 129 out of 168 countries. The 2005 data shows that the Gini index is 31. 0. |Economic indicators | 2007 | 2008 | 2009 |2010 | | | GDP | $ mm | 68415. 4 | 79554. 4 | 89359. 8 |100357. 0 | | | GDP growth | % | 6. | 6. 2 | 5. 7 |6. 1 | | | Inflation (CPI) | % | 9. 1 | 8. 9 | 5. 4 |8. 1 | | | Unemployment | % | – | – | – |- | | | Foreign direct | % of GDP | 1. 0 | 1. 3 | 0. 8 |1. 0 | | |investment | | | | | | | | Export growth | % | 13. | 7. 0 | 0. 0 |0. 9 | | | Import growth | % | 16. 0 | -2. 1 | -2. 6 |0. 7 | | | Current account | $ mm | 856. 9 | 926. 2 | 3556. 1 |2502. 4 | | |bance | | | | | | | Chapter 4 Finding of The Study 4. 1 GARMENT AND TEXTILES :The garments and textiles industry sector is the biggest export earner sector of Bangladesh with value of over US$12. 347 billion of exports in 2008-2009. Our factories design and produce for the world’s leading brands and retailers, like: Reebok, GAP, Wal-Mart, Hudson Bay, Puma, etc. This rapidly growi ng sector of the Bangladeshi economy offers a unique competitive edge that supports profitable expansion into new strategic markets. |Year |No. of garment |Employment (in |Export of RMG |Total export of |% of RMG to total | | |factories million workers) |(in million US$)|Bangladesh (in million|export | | | | | |US$) | | |2005-06 |4,220 |2. 2 |7,900. 80 |10,526. 16 |75. 08 | |2006-07 |4,490 |2. 4 |9,211. 23 |12,177. 86 |75. 64 | |2007-08 |4,743 |2. 8 |10,699. 80 |14,110. 80 |75. 83 | |2008-09 |4,825 |3. 1 |12,347. 7 |15,565. 19 |79. 33 | Source:  Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Industry Background and Status The phenomenal growth in RMG was experienced in the last decade. In 1984-85, no of Garment factories was 800 RMG jointly with knitwear accounted for more than 70% of total investments in the manufacturing sector during the first half of the 1990’s. At present with about 4,000 factories and a workforce of two million, 80% of which are wo men, employing over 50% of the industrial workforce and having 75% of the total exports earning of the country.Exhibit 6. 1 shows the growth of RMG exports from Bangladesh since 1981-82. Main apparel items exported from Bangladesh (in million US$) |Year |Shirt |Trouser |Jacket |T-shirt |Sweater | |2005-06 |1,056. 69 |2,165. 25 |389. 52 |1,781. 51 |1,044. 01 | |2006-07 |943. 44 |2,201. 32 |1,005. 06 |2,208. 90 |1,248. 09 | |2007-08 |915. 6 |2,512. 74 |1,181. 52 |2,765. 56 |1,474. 09 | |2008-09 |1000. 16 |3,007. 29 |1,299. 74 |3,065. 86 |1,858. 2 | Source:  Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Industry Outlook Multi-Fiber Agreement (MFA) and Generalized System of Preferences (GSP) of the EU are the main factors behind acquainting Bangladesh RMG products to global market ensuring assured market access. Bangladesh is now a significant RMG supplier to North America and Europe. Due to phasing out of MFA, many are doubtful about Bangladesh’s ability t o maintain the fast growth of the recent years in this sector but Bangladesh has taken a better position in the U. S. A market through competition.However, on a more positive note, Bangladesh is expected to maintain its tariff-free access to EU under the European GSP, since the GSP is not covered by the Uruguay Round Agreement. Recently, Canada has also provided tariff-free access of all the items from Bangladesh. Marketing network has been spread over the economies of the continents. End users could well recognize and differentiate the products confidently. Bangladesh RMG industry largely depends on the imported yarns and fabrics. Bangladesh produces only 10% of export-quality cloth used by the garments industry.The need for establishment of backward-linkage industry has become an immediate concern to the government and the exporters. There are enormous opportunities in setting up composite textiles industry combining textile, yarn and garments. Investment Opportunities and governm ent support RMG and textile sectors have enormous investment opportunities. The government of Bangladesh has created a highly favorable policy framework for investment in these sectors offering investors the following choices: 1)    Establishment of new textile / RMG mill in the private sector. 2)  Ã‚   Joint ventures with the existing textile / RMG mill. )  Ã‚   Acquisition of public sector textile mills that are being privatized. 4)  Ã‚   Indirect investment through financial services and / or leasing. To meet up the local demands, backward linkage is a significant trading opportunity and is supported by a government backed incentive: 15% cash subsidy of the fabric cost to exporters sourcing fabrics locally. * SPINNING : Value Addition to the Fibrous Substances Spinning is the first step in textile value chain that adds value to the fibrous substances by converting them into yarn or thread through the processes of drawing, twisting and winding (Exhibit 1).Characteristics o f the yarn vary based on the materials used, fiber length and alignment, quantity of fiber used and degree of twist. The earliest spinning probably involved simply twisting the fibers in the hand. Later, the use of a stick to help twist the fiber was introduced. Drop spinning involves the use of a stick with a whorl or weight to stabilize the spinning of the stick (called a spindle). The spindle is spun, and hangs supported by the yarn as more fiber is introduced. This introduced fiber picks up the twist and becomes yarn. However, the development of spinning wheel allowed a continuous and faster yarn production.Spinning wheels are either foot or hand powered. Modern powered spinning, originally done by water or steam power but now done by electricity, is vastly faster than hand spinning. Materials that can be used to create yarn fall into three broad classes: plant, animal, and synthetic. 1)    Plant materials: cotton, flax (to produce linen), hemp, raffia, yucca, coconut husk, 2)    Animal materials: wool, goat (angora or Cashmere goat), rabbit (angora), llama, alpaca, dog, camel, silk, 3)    Synthetic materials: polyester, nylon, rayon, acetate, Mylar†¦ 4)  Ã‚   Apart from the above, mineral materials like asbestos are also used, but not very often. Spinning Industry in Bangladesh Development of spinning industry in Bangladesh is closely associated with the development of Textile and Clothing (T&C) sector as a whole. Power-driven modern textiles in Bengal were traced back to early twentieth century. Before 1947, modern textiles were only the composite textile mills having spinning and weaving facilities. Later, activities like specialized textile weaving, knitting and hosiery and dyeing-printing-finishing were added.During 1947, there were about 11 composite textile mills in Bangladesh (then East Pakistan) with 1. 1 million spindles and 2. 7 thousand looms. Spindles grew to 3. 2 million in 1956 but declined to 0. 8 million in 1972 as worn-out ob solete spindles went out of operation. In 1972, large-scale manufacturing units including textile mills were nationalized. After 1982, state-owned spinning mills were gradually denationalized. By 1999, spindles installed were 2. 8 million (2. 4 million in the private sector and 0. 4 million in the public sector) with an annual production capacity of 200 million kg.BOI sector Survey found that in 2004, about 3. 44 million spindles are producing 382 million kg of yarn for the textile industry (Exhibit 2). [pic] Challenges of and Supports to the Spinners The success of a robust textile sector largely depends upon an improved and reliable spinning sub-sector. If spinning sub-sector produces substandard / inferior yarn, its adverse effect persists right across the entire value chain. Availability of raw materials, transportation, port facilities and tariff rationalization are the key challenges to the spinners.The Government has been supporting the spinners providing lower tariff for mac hinery spares and raw materials, cash incentives, reduced tax rate, and low-cost funding etc. Investment Outlook Textile & Clothing is the largest manufacturing sector of Bangladesh providing over 4 million jobs, accounting for 5% of GDP, 40% of manufacturing value addition and 75% of total foreign exchange earnings. The growing demands for yarn in the local market, comparatively low cost of doing business, lucrative incentive package, favorable investment policy regime etc are the main reasons for investment in this sustainable sector.Spinning could be chosen. 4. 3 FROZEN FOODS The frozen foods export is the second largest export sector of the country. After some initial difficulties in terms of quality achievement, exporters have earned credibility and trustworthiness in the global market. Assurance of reliable and continued product quality is a major challenge in this sector. Technology orientation, marketing perceptions, and quality improvement aspects invite foreign investment in this sector. The current challenges of international trading are largely dictated by price, quality, time and service.Industry Situation Exporters have earned credibility and trustworthiness in the global market and are committed to maintaining a competitive advantage in product quality. Continuing investment in technology, marketing and quality remain at the forefront of the industries' strategy to meet the challenges of international trade in price, quality, time and service. Industry Outlook Frozen food sub-sector has credible opportunities in Middle East, EU and North American countries and Far Eastern countries. In 2004-05, total fish production was 2. 216 million metric tons of which 8. 2 metric . tons were shrimp. At present, there are 868 fish hatcheries and farm of which 218,000 hectors of shrimp farm. This export-oriented industry includes the following sub-sectors, which need proper attention for augmentation of production, attain international standard quality and exp ort earnings. 1)  Ã‚   Hatcheries,   Sustainable aqua-culture technology. 2)  Ã‚   Feed-meals plants, Processing unit for value-added products. 3)  Ã‚   Investment in frozen food sector with new technology and equipment has a vast potential for growth. * LEATHER Industry SituationBangladesh leather industry is dominated substantially by the domestic investment which is mostly export-oriented. The leather includes some ready-made garments, although that aspect is continued mainly to a small export-trade in â€Å"Italian-make† garments for the US market. Footwear is more important in terms of value addition. This is the fast growing sector for leather products. Presently Bangladesh produces between 2 and 3 percent of the world’s leather market. Most of the livestock base for this production is domestic which is estimated as comprising 1. 8 percent of the world’s cattle stock and 3. percent of the goat stock. The hides andskins (average annual output is 150 million sq. ft. ) have a good international reputation. Foreign direct investment in this sector along with the production of tanning chemicals appears to be highly rewarding. Having the basic raw materials for leather goods as well as for the production of leather shoe, a large pool of low cost but trainable labor force together with tariff concession facility to major importing countries under GSP coverage, Bangladesh can be a potential off shore location for leather and leather products manufacturing with low cost but high quality.In 2004-05 total export of leather goods was 220. 93 million US$ on the other hand it is 257. 27 million US$ during 2005-06 FY. Industry Outlook Provision of newly announced infrastructural facilities through establishment of an integrated Leather Park and simultaneously, growth in the global demand, opportunities for investing in and setting up export-oriented leather industry in Bangladesh is definitely attractive. Foreign investors are welcome to ca pitalize on this opportunity. 4. 5 ELECTRONICS Industry Background The electronics industry in Bangladesh mostly produces consumer items.Home appliances like television, radio, VCD and CD players, refrigerator, air conditioners, oven, electronic fan, blenders etc. are being assembled to a large extent. To ensure the performance reliability, the key challenges in this sector are technical assistance and proper technology orientation of the industry. Developing the significant capacity and skill in assembly and manufacture of a wide range of electronic components and parts is curacies. As yet, Bangladesh does not have any telecommunication equipment industry in the private sector.However, an urgent need for diversification and modernization is felt among the existing entrepreneurs, government and professionals. Government is keen to provide and ensure enabling assistance to the development of this sector. Industry Outlook and Opportunities Skilled, easily trainable and low-cost human resources are the main cost advantage of setting up electronic industry in Bangladesh. Growing domestic demand and international market access are some key attractive issues to the investors. In the economies like Malaysia, Singapore, Korea and Thailand, electronics contribute a major portion in the GDP.They are encouraging electronic industry to shift from low-end assembly operations with high import content of inputs to upstream higher- value-added activities. In this context, relocation, outward investment and joint venture with Bangladeshi companies could be gainful strategies. To capitalize on the comparative advantages, substantial foreign investment from those countries is highly encouraged. * AGRICULTURE Sector Highlights Bangladesh has a tropical climate, a lot of fresh water, indeed a land interspersed with numerous rivers, fertile soil and possibility to cultivate crops round the year.So it is unique to supply raw materials for the agro-based industry. The abundance of na tural resources available in Bangladesh supports a range of highly profitable investment opportunities in agribusiness. Over 90 varieties of vegetable are grown in Bangladesh, yet in this fertile land there is underutilization of the country’s agricultural capacity. This presents many opportunities for investors seeking to export agricultural products, or to meet the rapidly growing local demand. Thriving in this sector are  canned juices,  fruits, vegetables,  dairy and poultry.The country offers: 1)  Ã‚   Huge supply of raw materials exists for the agribusiness industry. 2)  Ã‚   A tropical climate for all year growing, a lot of fresh water, indeed a land interspersed with numerous rivers, available land with fertile soil. 3)  Ã‚   Government and NGOs have been conducting regular training programs to develop skilled manpower for agro-based industry. 4)  Ã‚   Wide range of biodiversity exists for different crops. 5)  Ã‚   Agricultural commodities have a compa ratively higher value added than non-agricultural commodities.Investment opportunities There is a wide variety of investment opportunities including: *  Ã‚  Ã‚  Ã‚   Cold storage facilities serving the supply chain, especially fresh produce for export. *  Ã‚  Ã‚  Ã‚   Fresh produce production for local and export markets. *  Ã‚  Ã‚  Ã‚   Production of fertilizers and cultivation of seeds. *  Ã‚  Ã‚  Ã‚   Eco-friendly jute production, supported by jute technology development institutes. *  Ã‚  Ã‚  Ã‚   Shrimp farming, Halal  foods, Milk and dairy products. *  Ã‚  Ã‚  Ã‚   High value-added foods for export, including herbs, spices, nuts and pulses.Industry Incentives The government encourages development of the agricultural sector through measures to increase crop sector productivity and production of non-crop agriculture. To achieve this, the government provides increased credit, and facilitates greater access to inputs and modern technology. Sector Background Being an agrarian economy, agriculture has dominated in the economy for years. It has fulfilled the preconditions of access to input and raw materials in setting up successful agro-based industries.Alluvial soil, a year-round frost-free environment, adequate water supply and abundance of cheap labor are available in Bangladesh. Increased cultivation of vegetables, spices and tropical fruits now grown in Bangladesh could supply raw materials to local agro-processing industries for both domestic and export markets. In 2005-06, Export of agricultural products accounted for about 1% of total export amounting US$ 76. 24 million. Industry Outlook To avail the competitive and comparative advantages, Bangladesh invites progressive agricultural-practices, improved marketing technique and modern processing facilities.The government emphasizes development of the agricultural sector through appropriate measures to increase crop sector productivity and production of non-crop agriculture by providing incr eased credit, and facilitating greater access to inputs and modern technology. Investment interests in setting up agro-based industries in Bangladesh are highly encouraged. To promote agro-based industries and attract investment in this sector, Board of Investment organized Agri-Invest 2003 Bangladesh in December 2003.This first ever exposition created huge interest among the foreign and local investors. 4. 7 INFORMATION TECHNOLOGY Sector Highlights 1) To investigate the IT industry robustly, deregulation of the telephone has been decided and executed by mid-2003. 2) The extensive growth of mobile telephony resulted in significant opportunities. 3) The industry is at its introductory stage and has opportunity of capitalizing the potential. 4) Bangladesh has a well-educated, skilled, dedicated and growing IT workforce. 5) There is a fast growing domestic market and export demand. ) Strong research assistance from the universities and research institutions are available. Industry Back ground Compared to the neighboring India, Pakistan and other South and South East Asian nations, Bangladesh is lagging behind in IT Sector. But it is true that the sector has vast potentiality to develop. Availability of substantial number of qualified and experienced young people in various branches of engineering, science and technologies have opened up the scope of profitable investment in these sectors.Existing investment in IT sector is mainly small-scale and domestic in nature. Collaboration in the IT sector is mainly based on licensing agreements and representation. A growing number of computer training schools and institutes are being opened. Management of most of the IT firms is professionally strengthened with the Bangladeshis who have studied and worked in both North America and Europe, and returned home. The annual market size for IT including computer hardware, peripherals and software was estimated to be worth approximately US$ 20 million.The market is fast growing at an annual rate of about 25%. The country has over 400,000 PCs Submarine Cable Bangladesh has joined the consortium of SEA-ME-WE-4 submarine cable, which starts its commercial activities from 21st may, 2006. This will especially help prosperous data entry and software sectors. The landing station of this cable is situated at Jhelong in Cox’s bazaar. There are 14 countries of this consortium the countries are Singapore, Thailand, UAE, Bangladesh, India, Pakistan, Sri Lanka, KSA, Egypt, Tunisia, Italy, Algeria and France.It has connected 16 telecommunication organizations of 14 countries. With the direct help from submarine cable Bangladesh can earn more foreign currency by increasing international voice circuit (e. g. submarine cable will give support to establish 100,000 voice circuits. Voice and data communication will be faster. Consortium has created capacity pool, which we can sell also can manage IRV. Broad band service, data transmission, call centre, software export wil l be cheaper. Unemployed youths can easily engage themselves in those services by taking short term training.Bangladesh has right to land 15 landing station without charge. It will help smoother operation of E-commerce, E-governance, E-education, Telemedicine etc. So, there are huge chances of development of ICT sector and finally government will be financially benefited. 4. 8 PHERMACEUTICALS 1)   Pharmaceutical products have huge demand both in local and overseas market. 2)   There are huge demand-supply gap in pharmaceutical products. 3) Bangladesh offers a good number of qualified, skilled pharmacists, bio-chemists, micro-biologists, and chemists for pharmaceutical industries. )   Government offers support for importing raw materials for production. 5) Present Government has taken initiatives to modernize, expand and attract foreign investment in pharmaceutical industries, and for this adopted national medicine policy (revised) 2005, which will help to adapt with the changi ng world under WTO/TRIPS. [pic] Outlook Considering the overall demand, pharmaceuticals is one of the emerging sectors in Bangladesh. Government offers different incentives for importing raw materials pharmaceutical industries. This particular sector has huge potential of growth in the future.For sustainable return, pharmaceutical sector could be a rational choice. Chapter-5 Conclusion 5. 1 Summary of Major Findings The economic sector has tremendous impact on socio-economic structure of the country. It also brings economic prosperity for the any country. We believe that there must be a saturation point for any industry. But for our economic sector, still we are away from it. The economy is likely to grow at a similar pace as experienced over the last ten years — of around 6. 2 percent — in fiscal 2009-10, despite the continued global economic slowdown, Bangladesh Bank said . Most indicators in the first quarter of fiscal 2009-10 point to a more moderate level of econo mic expansion,† the BB said in its latest quarterly review. The BB projection means that the growth is likely to fall short of the government's original target of 7. 2 percent GDP growth for the current fiscal year. â€Å"Bangladesh Bank will produce forecasts for economic growth on a regular basis, in line with the common practice in other central banks across the world â€Å"The significant remittance growth is likely to have positive consequences for both domestic consumption and investment .The third development centres around the healthy growth in private sector credit, which during the first quarter this year grew by 19. 9 percent against a target of 18. 4 percent. This suggests that the credit envelope will â€Å"not be a constraint towards achieving the overall economic growth targets†. Gross domestic agricultural production is expected to be 2. 2 percent higher than that of the previous year, of 65. 6 million tones, on the back of government incentives and hi gher agricultural credit disbursement. The industrial sector is projected to grow between 7. percent and 7. 75 percent in fiscal 2009-10, down from the 9. 47 percent seen last fiscal year, but in line with the average industry sector growth rate over the last ten years Economic growth was also steady in the outgoing year despite some clouds over export earning. The GDP (gross domestic product) growth was 6. 32 percent in FY 2009-10, which was marginally lower than the 6. 71 percent of the previous FY 2008-09, but higher than many other neighboring countries. The GDP for the current FY 2010-11 has been targeted at 7. 2 percent. 5. 2 Economic Performance A steady average annual GDP growth of 5% over the last decade. * Inflation has been kept in single-digit. * Exports have been gradually shifted from traditional goods to more value added items. * Emphasis has been put on manufacturing of backward linkage of Readymade Garments, Pharmaceuticals Industries and IT sector. * The private se ctor is playing an increasingly active role in the economic life of the country, while the public sector concentrates more on the physical, social infrastructure and policy making. 5. 3 Policy RecommendationThe restructuring measures taken so far are definitely not sufficient considering the gravity of the situation. Based on the above discussion the following steps may need to be taken as reform or restructuring measures to speed up the progress  · The problem of excess liquid asset of the banks should be handled with due attention. In order to utilize the excess liquidity  · A number of measures were taken to strengthen the legal framework. However, in order to attain the benefit of improved legal framework, enforcement of legislations should be ensured.Legal procedures should be uncomplicated and disposal of case should be speedier.  · Government interference, political involvement, pressure from the trade unions has to be reduced for the smooth function.  · For developin g the asset utilization ratio, portfolio of asset structure should be rearranged by removing the non-earning assets or transforming the non-earning assets into earning one.  · Technological up-gradation of the banking system is needed equipped with state-of-the-art infrastructure and logistics. Lastly, the problem of Bangladesh financial system is widespread and not related to banking system only. Therefore the scope of the reform measures should also be applied to the non-bank financial institutions. Reference list * Released beat-up report of World Bank, in 2007, estimated Bangladesh. * Bangladesh Garment Manufacturers and Exporters Association (BGMEA) * Bangladesh Export statistics 2009-10, Dhaka, Bangladesh. * A report of Garments published in the magazine, April 2008. * Economic Review – 2010 * Review of Bangladesh Development – 2009 * A report of economics published in the magazine, April 2011