Economic Development In Taiwan And South Korea Economics Essay

Economic Development In Taiwan And South Korea Economics Essay In the mid 1900s, the poorest countries were still not able to develop at a faster rate than the advanced countries. But surprisingly enough there were two countries in Asia that developed very rapidly but did so without experiencing the customary great and increasing inequalities and the emergence of mass unemployment. These two countries were from the group of Four Tigers, Taiwan and South Korea. Both Taiwan and South Korea did have similarities in their historic traditions but also developed upon different economic policies. When we talk about economic development it usually includes three parts: economic growth, distribution of wealth, and quality of life. Therefore, in this critique essay, I will be talking about how Taiwan and South Korea were similar and different in terms of developing its economy based upon Tibor Scitovskys essay on Economic Development in Taiwan and South Korea, 1965-1981. Taiwan and South Korea were able to be successful in developing their country due to similarities in tradition and background. First, the two countries share a common Chinese tradition and Confucian philosophy. From this tradition and philosophy, getting a high level of education and increasing the level of skills have been very significant. Hence, after the war in 1940s, literacy rates have been rising considerably. Secondly, both countries have the capability and motivation to work hard which is also one of Chinese traditions. Even to this day, people from Asia are known to work hard for longer hours. In addition, the success to their economy was due to the flexibility in wages as well as having greater employment stability. As the countries followed the Chinese traditions, bonuses were given to their workers which resulted to a higher rate in personal savings. When the Japanese ruled over both Taiwan and South Korea, they had helped the two countries see a rise in agriculture pr oductivity and infrastructure investment. Additionally, as the rule came to an end, the countries were able to observe the decrease in inequalities of wealth. A big factor that assisted in equalizing the distribution of wealth was the land reforms distributed among small tenant farmers (landowners were also forced to sell all their land for a price less than the market values). In the early 1960s, Taiwan had published the Nineteen-Point Economic Financial Reform of the Third Four-Year Plan which encouraged many private manufacturing enterprises to make an investment. Many of these firms were heavy industries of steel, shipbuilding, and petrochemicals. And there were much more Taiwanese firms in terms of number; privately owned manufacturing firms were much smaller than in Korea because of four significant reasons. One is the vast number of immigrants from China that brought 30% of the total inflow of foreign capital used for establishing independent firms. There was also higher rate in personal savings which allowed firms to easily secure the capital for establishing independent businesses. Knowing that Taiwan better fulfilled the conditions of competition, firms were created to be smaller so it permitted newcomers to enter the market for a cheaper price. Lastly, Taiwan provides infrastructure facilities to enable new firms to establish. In observing these reasons, we can articulate that Taiwan and South Korea have very different monetary policies. The monetary policy for Taiwan has been keeping actual interest rates close to the level of equilibrium interest rate. Instead of keeping the interest rates low to provide low cost of investment for firms, even under inflationary pressure, Taiwan had raised their interest rates. High interest rates encouraged saving, which became productive capital for firms and major force for anti-inflation. In result, the interest-rate monetary policy has both managed the inflation and investment and growth. In contrast with Taiwans economic plan, South Korea policymakers have made general and forceful use of a wide range of incentives intended to reassure private industrys close agreement with their plans. The main incentive is differential access to credit and concessionary cost of credit. Unlike Taiwan, the qualifying criteria for a borrower for low-cost credit in Korea have been far stricter. Hence, the low average interest rates have given the real interest cost of concessionary loans to be zero or lower. Because South Korea is very government-oriented, firms that do not follow the rules formed by the government do not get the loan applications accepted. This concludes that the authorities do have strong control over the decision making in private firms firms that do follow the governments economic plans (the substantial credit and tax incentives) are enabled in the country. And in result, Korea has created twenty large conglomerates. Overall, Taiwan has not only achieved great results in all three aspects, but it also has done quite well according to other economic indicators. For example, it has enjoyed a mild inflation rate, low unemployment rate, and has accumulated vast foreign exchange reserves with almost no foreign debt. Limited natural resources and a high population density mean that Taiwan is not self-sufficient. Hence, foreign trade has come to play a leading role in Taiwans economic development. In addition, because exports from Taiwan have been very strong, Taiwan has not experienced any serious unemployment problem. Labor-intensive export firms have provided jobs to large number of people from both rural and urban areas. South Koreas economy grew rapidly under the rule of former President Park Jung Hee. The economy was able to develop as he shifted the countrys strategy to stimulating growth through export promotion. His policies encouraged private entrepreneurs. Businesses were given powerful incen tives to export, including preferential treatment in obtaining low-interest bank loans, import privileges, permission to borrow from foreign sources, and tax benefits. Therefore, it is inevitable to conclude which one of the two countries was more successful in developing their economy in this period of time. However, when we look at the economy today, South Korea has done an impressive job in bringing them into the position they are in now. Taiwan is still a small, resource-poor economy, vulnerable to foreign pressures, dependent on exports and dependent especially on the U.S. for markets and security.

Hamlet Essay -- essays research papers

Is Hamlet Mad? "I am but mad north-north-west: when the wind is southerly I know a hawk from a handsaw" (II.ii.369-370). This is a classic example of the "wild and whirling words" (I.v.134) with which Hamlet hopes will persuade people to believe that he is mad. These words, however, prove that beneath his "antic disposition," (I.V.172). Hamlet is sane. Under his strange choice of imagery involving points of the compass, the weather, and hunting birds, he is announcing that he is calculatedly choosing the times when to appear mad. Hamlet is saying that he knows a hunting hawk from a hunted "handsaw" or heron, in other words, that, very far form being mad, he is perfectly capable of recognizing his enemies. Hamlet's madness was faked for a purpose. He warned his friends he intended to fake madness, but Gertrude as well as Claudius saw through it, and even the slightly dull-witted Polonius was suspicious. His public face is one of insanity but, in his private moments of soliloquy, through his confidences to Horatio, and in his careful plans of action, we see that his madness is assumed. After the Ghost's first appearance to Hamlet, Hamlet decides that when he finds it suitable or to his advantage, he will put on a mask of madness so to speak. He confides to Horatio that when he finds the occasion appropriate, he will "put an antic disposition on" (I.v.172). This strategy gives Hamlet a chance to find proof of Claudius's guilt and to contemplate his revenge tactic. Although he has sworn to avenge his father's murder, he is not sure of the Ghost's origins: "The spirit that I have seen / May be the devil" (II.ii.584-585). He uses his apparent madness as a delaying tactic to buy time in which to discover whether the Ghost's tale of murder is true and to decide how to handle the situation. At the same time, he wants to appear unthreatening and harmless so that people will divulge information to him, much in the same way that an adult will talk about an important secret in the presence of a young child. To convince everyone of his madness, Hamlet spends many hours walking back and forth alone in the lobby, speaking those "wild and whirling words" (I.V. 134) which make little sense on the surface but in fact carry a meaningful subtext. &... ...n addition, the letter Horatio from him through the ambassador bound for England is clear and precise and shows no signs of a confused mind. Finally, I am convinced of Hamlet's sanity by his very normal reactions to the people around him. He is perfectly sane, friendly and courteous with the players, giving them good acting tips which they appreciate and respect. When Polonius and Claudius test the theory of rejected love by "loosing" Ophelia to him, Hamlet acts completely rationally. He greets Ophelia sweetly, gets a little cold when he remembers that he has not seen her "for this many a day," is very hurt when she returns his remembrances, and becomes completely furious, insulting womankind in general, when she lies to him about her father's whereabouts and he realizes he is being spied on. He reacts the way any hurt young rejected lover would. In the end, it is surprising that he is able to keep up the charade of faking madness for so long, and part of his tragedy is that it doesn't help him anyway; in the end, he avenges his father by killing Claudius not through an act of madness, but as a result of Claudius's own treachery.

Creative Writting Essay- the Things They Carried

While Rat was telling the story about Mary Anne Bell, what was Mitchell Sanders thinking? Did he believe the story? Was he sceptical? Here is an overview of exactly what he was thinking while listening to Rat’s story, and his opinion concerning certain aspects. As soon as Rat started telling me about that guy Mark Fossie who shipped his girl over to Vietnam to spend time with him, I couldn’t believe it. He says he saw the whole thing, and that he was there when everything happened, but I doubt it; Rat is the type of guy who would lie to get his story more interesting.But anyhow, I agreed for him to tell me the story even though I was very sceptical about the whole thing. It almost seemed like he was fooling me. So I crossed my arms, and let him amuse me with his anecdote. Although Rat’s source was Fossie himself, the story seemed so over the top, Mary Anne arriving as such a sweet girl just out of high school and becoming â€Å"one with the nature† in the end. It is overwhelming how people can change depending on the environment they are put in, I thought. I had to stop Rat once, because he was totally wrecking the tone of the story.He had no consistent sound! He still was able to keep my attention until the end, mostly because I was so anxious to hear what he was going to throw at me as a conclusion knowing his information was thirdhand. I was getting pretty impatient and of course, when Rat came to tell the end of the story, it was not at all what I had expected. Never would I have thought a simple girl could have transformed into a totally different person; one ready for the kill. The story wasn’t moral and there was no point to it. That’s what made it seem so true.

How do solar flares affect our daily communication and what can be done to prevent issues

How do solar flares affect our daily communication and what can be done to prevent issues Advances in modern technology have brought new innovations into the communications industry which not only have made communication faster and smoother for consumers but have in effect enabled a more precise and accurate means of navigation for cars, airplanes and ships.Advertising We will write a custom report sample on How do solar flares affect our daily communication and what can be done to prevent issues specifically for you for only $16.05 $11/page Learn More It must be noted though that like all technological instruments such systems are vulnerable to eventual malfunctions. While there are literally a plethora of different ways in which communication systems could potentially break down this paper will explore the possibility of the interaction of communication systems with various forms of space weather phenomena, in this case solar flares. Solar Flares and Communication Systems In their work examining the effects of space weather phenomena and commun ication systems Afraimovich, Demyanov, Gavrilyuk, Ishin and Smolkov (2009) explain that solar flares in particular have been known to disrupt High Frequency (HF) radio communications and various types of satellite signals creating periods of information blackouts (Afraimovich et al., 2009). For example, on March 24, 1940 a â€Å"great† geomagnetic storm rendered inoperative 80% of all long-distance telephone connections out of Minneapolis, Minnesota. Electric service was temporarily disrupted in portions of New England, New York, Pennsylvania, and Minnesota, as well as Quebec and Ontario, Canada (Fisher, 2003). Various studies examining the effects of space weather, particularly geomagnetic storms, which are caused by solar flares, have shown that on average solar weather disrupts not only high frequency communication signals but also has the potential to damage electrical equipment as well (Burch, 2004). For example, from the 13th to the 14th of March 1989 a severe geomagnet ic storm caused a system wide power failure in Quebec, Canada, resulting in the loss of over 20,000 megawatts (Fisher, 2003). The blackout cut electric power to several million people; the estimated time from the onset of the problem to a system collapse was about 90 seconds and high frequencies were virtually unusable worldwide. It was even seen in the case of a Japanese communications satellite which lost half of its dual-redundant command circuitry as well as a NASA satellite dropping 3 miles (4.8 km) in its orbit due to the increase in atmospheric drag caused by a geomagnetic storm (Fisher, 2003). Additionally, Fisher (2003) notes that â€Å"the frequency navigation signals used by maritime and general aviation systems (Loran-C) may experience outages on the sunlit side of the Earth for many hours during periods of geomagnetic storms or solar wind causing loss in positioning† (Fisher, 2003).Advertising Looking for report on astronomy? Let's see if we can help you! Get your first paper with 15% OFF Learn More The reason behind this is the resulting free electrons generated by solar weather which can and often do damage systems that are inherently dependent on electricity. These free electrons build up in the electrical systems subsequently causing an electrical discharge which overloads the electronics and causes them to shut down or even subsequently destroy themselves (Burch, 2004). Solar Flares and Transport Systems While planes are sufficiently protected from the effects of solar flares through multiple redundancy systems and insulated instruments the fact remains that RNAV systems located on the ground as well as GPS satellites located in space can be affected and most often are by geomagnetic storms caused by solar flares (Anselmo, 1998). This results in not only the potential for a complete blackout for external sources of navigational data but presents a potentially hazardous situation for pilots since it affects their ability to properly determine where the plane is in relation to their destination (Thomas and Rantanen, 2006). Examining the Current System of Communication What must be understood when examining todays system of communication is that it is inherently reliant on the use of particular radio frequencies in order to facilitate communication (Burch, 2004). These frequencies utilize alternating currents to carry radio signals both to their point of destination and back again. It must be noted though that the basis of all radio technology is the use of electromagnetic waves in order to carry signals back and forth which utilizes the air itself as a conductor for the signal (Burch, 2004). Unfortunately, due to the inherently electrical nature of these signals and the fact that they utilize air as a medium of communication this leaves the process vulnerable to interruptions from large sources of free electrons which disrupts the entire process. Nordwall (1997) explains that various forms o f space weather phenomena ranging from geomagnetic storms, solar radiation storms, and solar wind all interact with the atmosphere differently however they are a source of free electrons which causes a sufficient enough interaction with the atmosphere that they can in effect cause complete radio black outs on HF frequencies (Nordwall, 1997). In fact it has already been noted that a sufficiently powerful geomagnetic storm can cause a complete HF frequency blackout on the entire sunlit side of the Earth for a number of hours which would not only affect sea and land based methods of communication but would also affect the ability of pilots to contact air traffic controllers at their intended destination which could result in devastating airplane collisions (Afraimovich, 2009)Advertising We will write a custom report sample on How do solar flares affect our daily communication and what can be done to prevent issues specifically for you for only $16.05 $11/page Learn Mo re What can be done to prevent issues? On the other hand it must also be noted that substantial solar weather phenomena does not occur on a regular basis. Based on the observations of Fisher (2003), there have been only 15 or so occurrences of solar weather phenomena that have actually caused significant communication and electronic errors within the past 60 years. It must be noted though that various scientists have stated that the sun is currently entering an active phase in its solar cycle and as such this increases the likelihood of the development of various cases of solar weather phenomena. Since technological innovations take time for proper implementation new processes and procedures would need to be created in their place till such a time that technology has advanced to such a degree that solar weather phenomena does not present itself as a problem for communication systems or as a significant danger to aviation safety. Taking this into consideration since it will t ake time for technology to â€Å"catch up† so to speak, the best tool that can be utilized is to encourage awareness among the general populace so that they can be aware of the various problems that may occur in the immediate future as a direct result of increased solar flare activity. Reference List Afraimovich, E. L., Demyanov, V. V., Gavrilyuk, N. S., Ishin, A. B., Smolkov, G. A. (2009). Malfunction of satellite navigation systems GPS and GLONASS caused by powerful radio emission of the Sun during solar flares on December 6 and 13,   2006, and October 28, 2003. AMS, (5), 13. Retrieved from Google Scholar. Anselmo, J. C. (1998). Space Storms Threaten Commercial Satellites. Aviation Week   Space Technology, 149(18), 28. Retrieved from EBSCOhost. Burch, J. L. (2004). The Fury of Solar Storms. Scientific American Special Edition, 14(4), 42. Retrieved from Google Scholar.Advertising Looking for report on astronomy? Let's see if we can help you! Get your first paper with 15% OFF Learn More Fisher, J. (2003). Integrating Space Weather and Meteorological Products for Aviation.  AMS (12),1.Retrieved from American Meteorological Society. Nordwall, B. D. (1997). Solar storms threaten GPS reception. Aviation Week Space  Technology, 147(22), 61. Retrieved from EBSCOhost. Thomas, L. C., Rantanen, E. M. (2006). Human factors issues in implementation of advanced aviation technologies: a case of false alerts and cockpit displays of traffic information. Theoretical Issues in Ergonomics Science, (13), 4. Retrieved from EBSCOhost

Concept cars essays

Concept cars essays Concept Cars: Automobiles for the Future No one knows where automobiles are going but concept cars provide us with a small window to look into their future. Different automakers use concept cars in various ways and they all devote a lot of time and money toward developing their cars of the future. The first thing an automaker does is decide what kind of market (what age group, what style of driving) it should target to gain the most customers. For instance, Ford builds mainly vehicles which target families with kids. Every year Ford comes out with new concepts appealing to families. Examples might include four doors, room for a dog, and the ability to go anywhere. Ferrari, on the other hand, builds cars for the rich auto enthusiast who likes to drive fast and race. Ferrari may come out with one new concept every year targeting this extreme group of car enthusiasts. All automakers create concept cars but they may explore different ideas and markets. In the beginning car design was simple. All cars had four wheels, a couple seats, a motor, and a steering wheel. Henry Ford offered his model T in any color you want, as long as its black. Today creating cars has become more complicated. Not only must a car look good but it also must be safe and fuel-efficient. Most of this pressure comes from consumers, but they arent the only ones who have to be pleased. The United States Congress pushes auto makers also, but more along the lines of safety and fuel economy (Butterworth 1). They dont really care how it looks. Beyond meeting the demands of consumers and Congress, car designers must also make actually building the car easy on their car engineers. For example, some Mercedes Benz models have everything smoothly bolted in from the engine to the suspension, instead of putting together individual pieces in an assembly line. This takes a lot of time and in the car building process time...

Event Tourism Essay Example | Topics and Well Written Essays - 1750 words

Event Tourism - Essay Example Event tourism generally refers to an event which is organized for an audience from around the world. The event can be a public or corporate event which attracts people from around the globe and they visit the country to attend the event. Event tourism as a business includes the hotel reservations, transportation facilities, journey tours, and several other procedures that are organized for the tourists in order to make it easy for them. Event tourism brings huge revenues for the host country and adds value to the destination itself. This paper will discuss how event tourism has emerged as a popular type of tourism and what the main goals are. The event tourism has taken a considerable position in the tourism industry of today. Many tourism industries have given special attention to the event tourism and worked with event management companies to ensure an attractive event. The event can be a cultural festival, a sports event, a religious rally or a corporate conference. Such events ca n be organized by the private or public sector but the tourism business boosts immensely during these events. This is because most of the tourism agencies play their part by assisting the tourists, planning tours for them, arranging tickets for the event and reserving hotel rooms. It is the responsibility of the community and the tourist agencies to manage and supervise these major events which attract people from all over the world (Getz, 2008, p. 415). The major approach that a community shall adopt to host a successful event is the effective tourism planning. Even though the normal tourism industry faces much ups and downs regularly which are due to a variety of reasons such as changing weather conditions, acts of violence etc. But the event tourism industry manages to produce a large number of populations despite any of these factors. The major events that are planned have financial aspects which are arranged in advance so that the market fluctuations do not affect the arrangeme nts. The host community for major events such as the cricket world cup or the Olympics is decided as a result of a tough competition. The wide range of events adds to the host community’s economic health and a community shall carry out certain roles to determine the development of their event tourism industry. There are many aspects that a community has to consider while deciding whether to host a major event or not. Before competing for the hosting of the special event, a community must do their homework. A community shall consider an event specialist and know about all the basics about the event. This includes the event demographics, the needs, the dates and the things that need to be avoided for example in a religious event, a community might consider which drinks to serve and which ones to avoid. It is important for a community to know its own strengths and weaknesses before hosting a major event. The major things to consider are the funds available for the event, the emp loyees that are available and how skilled they are like are they multilingual, the facilities that can be offered and those which can’t be offered (Damster, 2005, p. 4). Advertising is another important action that has to be taken by the community and the tourism agencies to develop the event tourism and to host a major event. A community must know the potential basics before advertising the event and the facilities. The community must be sure of the party who is holding the event and the type of audience which is targeted. They should know the reason and motive behind the event, the reasons for choosing the location for the event and the expectations of

Spiritual care Assignment Example | Topics and Well Written Essays - 250 words

Spiritual care - Assignment Example isasters like earthquake, floods and droughts are usually blamed on supernatural causes whereby â€Å"God† has been â€Å"blamed† for the cause, as a punishment to a community. At this point, the spiritual aspect of an individual or a community should be taken into consideration during therapy to recover from the disaster aftermath (Jose, 2010). Community health nurse has a role to play in assisting the spiritual care of an individual, community or colleagues after a disaster has strike. The nurse should listen carefully to the accounts of different people in relation to the event and draw a well spiritual plan of care. The nurse can incorporate various religious leaders to come and provide a spiritual encouragement to individuals or community members. By doing this, the community members may feel spiritually healed since they believe that their prayers have been sent and received, and such a disaster will not reoccur. The nurse should be empathetic, offer prayers, listen actively without judging and share the emotions appropriately. Such methods make an individual to have peace in heart and accelerate the recovery from the disaster. Organizing community memorial services, anniversary dates and retreat opportunities to colleagues as such, interventions offer long-term recovery (Van Leeuwen & Cusveller,