Bartering system

Bartering system SHOULD ALL THE COUNTRIES HAVE ONE GLOBAL ECONOMY? As we all are well aware that before the money was minted, people followed â€Å"BARTERING SYSTEM†. Slowly, it evolved into the principles of buying and selling with money. As time passed, the world faced Imperialism, where the countries started conquering other countries as their colonies and made them as a source for raw materials. After World War II the Imperialismcame to an end, and a new era of economies emerged. These economies are Capitalism, Socialism and Mixed Economy, and altogether these economies are known as â€Å"GLOBAL ECONOMIES†. Today all the countries of the world are slowly opting to have a global economy. Even though, many countries oppose to adopt one global economy because of its negative impacts on the developing and third world nations, it is obvious that it has shown clear positive effects shifting the economic activities into profitable situations. Besides several criticising allegations agains t having one global economy, yet it still has its good effects in the areas such as all round development of the nation, Unity among nations and increasing political awareness among the countries. The main claim of many countries is that global economy leads to financial exploitation of a country. This criticism is mainly based on the premise that adopting a global economy can destroy the regional economy by means of financial exploitation and financial inequalities. On the contrary, the country which adopts global economy will benefit from equal development and equal distribution of wealth among the countries. Most of the economists of the world agree that having a global economy, the countries will be developed equally. According to a webpage article from economy watch, (nd) states that, â€Å"global economy can have the increasing opportunities of the economies in large scale and by opening up of the economy, the industrial sector will be benefited by achieving cheap labour, c apital and technology.† For example: if one country is self sufficient with the financial resources, then that country can help another developing country in attaining financial resources and free from financial debts and hence there is less scope for financial exploitation. It increases the employment opportunities in large scale and small scale industries. Global economy also helps in transferring sophisticated technology from the developed countries to the developing countries in the fields of agricultural sector to service sector. It also helps in having constant level in the balance of trade among all the countries, which also plays a vital role in increasing the national income and overall development as a whole. Another important claim is that global economy results in instability of unity among the people of the country. This negotiations are mainly depends on the facts on having global economy which exploits the individual economies in the form of inequality, social and cultural differences which result in wars. Yet, most of the countries accept to adopt global economy which will be benefited by equality, social and cultural dialogues. Most of the people agree the conclusion that by adopting the global economy, there will be less scope for wars and unity will be prevailed among the countries. A global economy would also help in promoting international cooperation and peace. If countries are dependent upon one another’s economic success then armed conflict would be less likely. According to businesspme, (nd) â€Å"Both India and Pakistan possess nuclear warheads and they are often in wars over land and territory such as the Kashmir issue. It is likely that these two countries will not use nuclear warheads for against each other. Otherwise it would be complete destruction and leads to the financial crisis†.It also helps in improving good relations and exchange of cultural activities and benefits of the country. It also helps in deve loping bilingual relations between the countries and unity among the people and nations in the form of equality, social and cultural diversity.

Human Resource Management Assignment Example | Topics and Well Written Essays - 3000 words - 2

Human Resource Management - Assignment Example HR managers also look after employee motivation and retention through various strategies. Individuals working in organisations suffer from various problems every day. The task of HR managers is to solve these problems in the best possible manner. In the case, a similar problem of employee attrition was presented. In order to solve these, various alternatives were considered. These included innovative strategies for recruitment and interview processes. The candidates interviewed were subjected to various psychical and mental tasks in order to retain the best candidates. After the recruitment plans, successful retention plans were discussed. It was concluded that a small amount of salary hike would not be enough. So the retention plan included various strategies such as regular training and development sessions, certificate programs as well as quarterly meetings. Contents Contents 3 3 Answer 1 4 Answer 2 7 Answer 3 9 Reference List 12 Answer 1 According to organizational psychology, fi rms are successful not only because of sustainable competitive advantage or market realities. Successful organizations have always treated human resources as their most critical and important assets (Martin, 2001). Cognitive aspects of an organization form an important factor while transmission from one stage to another stage of success. It can also be said that human resource capital has the ability to make or break any organization (Legge, 1995; Guest, 1997). Human resource managers take care of various personnel decisions such as hiring, training, compensation, benefits, assignment positioning etc. Majority of company executives rely heavily on the suggestions and recommendations made by HR managers. Although it is important to have physical assets, most companies have realized that quantity and quality of their output is directly proportional to the commitment and quality of the personnel. Human resource managers have the responsibility of creating right matches for team, depart ments and various projects (Bernadin, 2007). A professional working in the human resource department deals with many functions unlike in larger organizations where one HR expert is appointed in each department. This task multiplicity requires strong and effective organizational skills as these individuals are expected to shift from one project to another project and from one topic to another topic in sort span to time (Cascio, 2003). Out of all these the most difficult job for a human resource development manager is handling works such as understaffing, firing employees, reprimanding employees who are irresponsible, maintenance of ethical structure, giving information about non-existent or small bonuses to the employees etc (Gomez -Mejia, Balkin and Cardy, 2006). These tasks are very difficult to handle as the human resource department is expect to support employees all the time. Many times Human resource team are hated or feared for tasks such as these and it becomes very difficult to coordinate with them. The present case deals with evaluating the necessity of HR function in an organisation. According to the operations manager in the case study, there is no need of any HR department in the organisation. However, absence of HR function might result in different lapses and miss-handling of the overall human capital. Thus, it can be said that a full time HR manager is important for the organisation. An HR manager not only performs core human resource functions but also provides added value to the

Midterm Exam Essay Example | Topics and Well Written Essays - 1500 words - 2

Midterm Exam - Essay Example The heritage of Mesopotamian civilization consists of simple and elegant architectures that include temples where religious leader had a high position and carry out religious ceremonies. At a point in history, due to internal conflicts within the people of the region gave rise to some influential and powerful individuals, which turned out to be the rulers and their position, came under consideration as divine. The people believed that these divine rulers were the messengers of gods who has come under authorization by gods to rule over them. As the region was unprotected from the foreign invasions and attacks based on its topographical features, rich local men established a defense body to protect their land and people (Oakes, pp. 26-30). Egyptian civilization and the territory of Egypt came under situation around the river Nile. The river provided the region with natural security barrier, which protected the area and supported the irrigation and trade activities that were the basis of their economy. Due to the locality of the civilization, it provided them with tranquility and harmony in the region. The pyramids were one of the major parts of the rich heritage of the Egyptian society. In the religious context of the beliefs of the people of Egypt, pharaoh was the dominant figure that came under consideration to be ambassador of the gods with ultimate supremacy and command (Bell & Quie, pp. 6-8). Both the civilizations and cultures have many differences that separate them from each other in many aspects that include their political sector, art, and architecture, although they have played an influential role on one another, yet they are diverse and dissimilar. The language, which Mesopotamian people used to communicate, came under characterization by complex graphical and symbolic representation, whereas the Egyptian people developed the more creative language that