Facilitating Better Scheduling of Smart Grid - 945 Words

I. INTRODUCTION A key objective of smart grid efforts is to substantially increase the penetration of renewable energy sources, such as solar and wind. As per the Solar Mission under the National Action Plan on Climate Change, the central government of India plans to generate up to 20 GW grid-based solar power, and cover 20 million square metres with solar energy collectors by 2020[1]. However land acquisition is a challenge to solar farm projects in India, hence there is a need to utilize residential roof tops for harvesting of solar energy. Substantial grid integration of renewables is challenging, since their power generation is intermittent and uncontrollable. The modern electric grid permits households to consume electricity in essentially arbitrary quantities at any time, and is not currently designed for vast quantities of uncontrollable generation. Instead, the grid constantly monitors the demand for electricity, and dispatches generators to satisfy demand as it rises and fal ls. Fortunately, electricity demand is highly predictable when aggregating over thousands of buildings and homes. As a result, today’s grid is able to accurately plan in advance which generators to dispatch, and when, to satisfy demand. The challenge with substantial integration of renewable energy is that the electricity generated by renewables is not easily predictable in advance and varies based on both weather conditions and site-specific conditions. For large scale solar farms producingShow MoreRelatedCoaching Salespeople Into Sales Champions110684 Words   |  443 Pagesmaking a profound and measurable impact on their salespeople’s performance and attitude.’’ Dr. Denis Waitley Best-Selling Author of The Seeds of Greatness and The Psychology of Winning ‘‘There is no other single activity to boost sales that works better than sales coaching and this book is the best ever written on how to do it well.’’ Brian Tracy, Author of Getting Rich Your Own Way ‘‘Flufï ¬â€šess! Rosen continues to give practical, A to Z how-to advice. After you read it, simply do it!’’ Anthony ParinelloRead MoreProject Mgmt296381 Words   |  1186 PagesCross Refer ence of Project Management Body of Knowledge (PMBOK) Concepts to Text Topics Chapter 1 Modern Project Management Chapter 8 Scheduling resources and cost 1.2 Project defined 1.3 Project management defined 1.4 Projects and programs (.2) 2.1 The project life cycle (.2.3) App. G.1 The project manager App. G.7 Political and social environments F.1 Integration of project management processes [3.1] 6.5.2 Setting a schedule baseline [8.1.4] 6.5.3.1 Setting a resource schedule 6.5.2.4 ResourceRead MoreBusiness Information Systems31162 Words   |  125 Pagesmarketing information system aids middle management employees in: a. tracking sales. b. planning new products and services. c. analyzing sales performance. d. preparing sales forecasts. Answer: c Difficulty: Medium Reference: p. 47 13. Equipment scheduling and facilities maintenance are functions of: a. 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A Key Challenge for International Marketers Is to Develop...

International Business Environment There are numerous environmental factors that a company must consider when operating outside its domestic market which have a significant impact on international marketing decisions and are imperative for success. The key environmental factors are outlined below: Doole and Lowe (2004) stated the key problem faced by international marketers is dealing successfully with the multi-dimensionality and complexities of the international environment. By understanding the environment, companies can implement a successful marketing strategy enabling them to make relevant decisions regarding entry modes and the marketing mix. {draw:frame} Adapted from Bennett and Blythe, 2002 The Political/Regulatory†¦show more content†¦Language is a significant factor in the social environment; it can be divided into spoken and silent. Spoken language is easily identifiable and manageable by an international marketer. For example, when Car maker AMC launched the Mat ador, they did so with the understanding that it meant ‘bull fighter’. However, when launched in South America, they found it meant ‘killer’. Such a mistake is easily recognized, and AMC are able to adapt their marketing mix for the South American market by amending the product name. However, the importance of silent language is more dominant in some cultures than in others. Silent language factors like numbers, space, and time portray different messages in different cultures. For example, an advertisement of people in a hurry may represent success in the USA, but in Africa it may represent someone who hasn’t got time for anyone. Such factors require companies to amend their promotional messages to guarantee they are correctly understood. Conclusion In conclusion, the complexities, uncertainty, and volatility of the IBE are far greater than in the domestic market. It requires great understanding, empathy, and knowledge of international environment t o be successful; so they must be deeply understood to enable the implementation of the international entry mode and marketing mix to be compatible with the IBE. In addition, other environmental factorsShow MoreRelatedMacro-Environmental3352 Words   |  14 PagesSummaryThe macro-environment consists of larger societal forces that affect entire micro-environment. The six forces making up the company’s macro-environment include demographic, economic, natural, technological, political/legal, and social-cultural forces. 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Doh Villanova University INTERNATIONAL MANAGEMENT: CULTURE, STRATEGY, AND BEHAVIOR, EIGHTH EDITION Published by McGraw-Hill, a business unit of The McGraw-Hill Companies, Inc., 1221 Avenue of the Americas, New York, NY 10020. Copyright  © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Previous editions  © 2009

Contribute to Cultural Sensitivity †Free Samples to Students

Question: Discuss about the Contribute to Cultural Sensitivity. Answer: Introduction: Recruitment selection, work life balance and managing diversity are the challenging activities of human resource management. The paper will focus on reflection upon the above-stated topics. Recruitment can be defined as attracting a pool of talent to the organisation (Banu and Devi, 2014). Selection can be defined as choosing the best suitable candidate from the above pool of talent (Ekwoaba, Ikeije, and Ufoma, 2015). Work life balance is a situation of attaining equilibrium in work commitments and personal responsibilities (Haar, Russo, Sue and Ollier-Malaterre, 2014). Workforce diversity can be described as the similarities and differences that exist among the workforce. These can be in terms of culture, physical abilities gender, race, nationality, religion and sexual orientation (Saxena, 2014). I learned about them and their various applications during my college. In my college, we were given a project. The project included tasks related to arts, management and information technology. There were five team leads and five assistant team leads in the class. Team leads had to recruit and select students from rest of the college and one assistant were given to them for any kind of help. Initially by learning about the process of recruitment and selection I though this is an easy process but after working on it practically I realised the process is much more challenging than it seems. This basic reason which made the task challenging was competition in the class for hiring the best ones and deciding whether the particular candidate will be able to accomplish the task or not. I had to face this challenge the college level but I realised that in the real market places the completion would at much greater skill making the process challenging for managers. I and my assistant, first o f all, drafted what are the requirements of the project and what type of work needs to be done. After drafting the job requirements I designed various posters in electronic format to attract students from different departments. I highlighted the benefits that students can get by participating in our project and how could this experience be helpful to them. I circulated this opportunity with the help of social media. The next thing that was required to be done was sourcing. Sourcing here was not much challenging as I had to pick the students only from the college. I tried to reach suitable candidates through social media and also with the referrals of our friends. After this, I received applications from the interested students. My focus was more on the recruitment task so that I can get a large number of potential candidates. For selection to be effective it is necessary to have a large number of potential candidates to choose from. It is also very important to ensure that the selection procedure should be fair so that organisation has chances to attract talented workforce in the coming future. (Nabi, Wei, Husheng, Shabbir, Altaf, and Zhao, 2014). According to applications, I did the initial screening. I choose the applications that can fulfil the tasks of the project and rejected the rest. After the initial screening, I had a telephonic conversation with the selected candidates. On the basis of telephonic conversation, some more candidates were rejected due to different reasons. A lot of selected candidates was now called for personal interview. Drafting the questionnaire for the personal interview was the much challenging task. I drafted the questionnaire for the jobs related to my subject knowledge and took help from the people of other departments for rest of the interview questionnaires. On the day o f the final interview, I was more nervous than the students but I gathered the strength and went ahead for the process. I interviewed different candidates with different skill set and aspirations. After the interview process, I gave a deep thought to each candidate and on the basis of the aggregate of their positives and negatives I selected the best suitable candidates. I communicated them about this over the phone and gave them the time of two days to respond. Out of the candidates that I had selected few were hired by others also. Majority of the students accepted the offer whereas few denied. At the time of the interview, I had also prepared the list of next best alternatives. I approached those candidates and gave them the offer. Those candidates accepted the offer. Next day I organised the meeting of selected team members and introduced them to each other and their respective tasks. The procedure that I career helped me to learn various things. I helped me to develop my interp ersonal skills. I learned how to get over nervousness and move ahead. The experience taught me the polite way of refusing the people, so that scope for approaching them in future still remains. This practical experience gave me a basic idea of what are the potential issues that can occur and how managers handle various issues at an organisational level. It also gave me a basic practical knowledge of the process. My next experience with the recruitment and selection was at the time of my internship. The process but on a vast scale, something that was new to me was the system of recruitment of the organisation. The organisation had e recruitment system. This system recruits the people online with the use of web technologies. For the organisations dealing in a competitive world, it is regarded as a boon. It provides ease and various other advantages over traditional methods (Lakshmi, 2014).While handling the e recruitment system I learned how the process of recruitment can be made easy with the use of technology. I also analysed that the cost that was incurred in the traditional recruitment process was much higher than the e recruitment process. The only drawback that I found with the system is that checking the authenticity in the online recruitment process is challenging. Also, it is solely dependent on the internet, therefore, any disturbance in the technology can affect the process. During my internship, I came across the issues of managing workforce diversity and various work life balance related issues of the organisation. I was an intern in the HR department of the organisation. My organisation was an MNC and the employees it belonged to various nations, ethnicity and races. Interning in the HRM department of the organisation helped me to know how diversity can be useful for the organisation and how it can create issues for the organisation. My task was basically to assist my manager and clearly, observe what he does in different situations. Our organisation had an issue that leaves policy of the company was allowed leaves only on the occasions and national holidays of the native country. This created the problem for employees who belonged to other cultures and nationalities. This resulted in a reduced organisational commitment from the expatriates. To overcome this issue manager came with the policy of voluntary leaves for all. According to this policy, employees were given a fixed number of leaves which they can take voluntarily. This created harmony amongst the diverse workforce. Their organisational commitment also increased as they thought that organisation also respects and understands their needs. Throughout my training period, I observed that diverse workforce was beneficial in bringing the creativity and innovation to the organisation. I have seen people coming up with different productive ideas on a particular thing or situation. The challenges that were encountered are fighting discrimination. I have experienced a situation where new employees were discrimination on the basis of language. The majority population in the organisation was English speaking wher eas the newly appointed employees were Spanish speaking. They felt discrimination in the organisation. They were not involved in the groups. They were treated as left outs. This created the feeling of humility among the Spanish speaking group. To overcome this issue my manager made some efforts that prove fruitful. First of all, he had a discussion about the issue with the English speaking population. He explained to them what the other group is going through. He also organised various ice breaking activities to improve the communication between the groups. These activities gradually brought the positive results for the organisation. From the efforts of my manager, I learned how challenges in managing diversity in the organisation can be met. I also noticed that cultural sensitivity is a very important quality that a manager should possess. Cultural sensitivity can be defined as identifying the cultural difference and respecting those differences. It can also be defined as acceptation and integration of differences (Arell-Sundberg, Horghag en, Hansen, and Jacobsen, 2017). I also learned that in culturally diverse workforce employees may get offended very quickly. For instance, we have two employees one from Japan and other from the USA. The gesture of hugging is very common in the USA, but when the employee from the USA did this with Japanese employee he got offended. Here none of the parties was at fault. To avoid such kinds of issue in the future my manager asked me to prepare a power point presentation for employees. The presentation consisted of the different social and cultural practices of people of different nationalities. It consisted of common gestures in different nations and their respective meanings. The employees were given knowledge of each others culture to establish harmony among them. The presentation also contained guide lines about what is the accepted culture in the organisation, so that knowingly or unknowingly employees do not hurt each other. This was helpful to employees as well as enhanced my learning. I also came to know abou t various cultures. This experience also developed my insights about managing the diverse workforce in the organisation. After the issue of managing the diverse workforce the other major issue that raises challenges in the organisation work life balance of employees. In the organisation where I was a trainee many employees complain about they did not get their personal space, they are stuck or disturbed by professional work anytime. This adversely affects employees performance because they are the stress level in employees is increased. Younger people cannot work like their parents did. Todays generation demands more freedom and control of their life, they want private space and have various other priorities like friends, family, health and many others (Ramsdal, 2016). In my organisation, I have seen a female employee resigning because anytime disturbance from the office creates troubles for her. She was from the marketing department and required to handle clients. She had to handle the clients other than hours of her shift. She was not able to give time to her family and herself. She managed t for two months but finally to resign after two months and the reason was clear. After that incident management of the organisation realised the importance of work life balance. My manager invited the suggestions from the whole team. The major decisions that were taken in this regard were no employee will be call for work after his shift, they will not be asked to stay in office for longer hours, they were allowed some leaves that they can take within the prior notice period, some employees were also given dinner or holiday packages and weekly fun activities were also conducted in organisation. I was one who has to seek opinions of everyone and then report to the manager. After implementation of these decisions the results were positive the employees were more satisfied and stress level was low. It can be concluded that globalisation as introduced to various challenges and opportunities. The thing is similar for human resource management; there are challenges as well as opportunities. Overall my college and internship experience was helpful in providing me with the practical learning about potential challenges that can arise in recruitment and selection, in managing the workforce and managing work life balance of employees. It provided me with the learning experience of how to deal with those issues and how to convert negatives into positives. My learning will definitely help me in my future jobs. I learnt that every issue can be dealt it just requires timely concern from the side of manager. References Arell-Sundberg, M., Horghagen, S., Hansen, T.E.A. and Jacobsen, C.P., 2017. Creative activities in an international context contribute to cultural sensitivity, awareness and personal development.Journal of Finnish Universities of Applied Sciences, (2). Banu, P.V. and Devi, B. R., 2014. Introduction to Recruitment. SSRG International Journal of Economics and Management Studies, 1(2), pp. 8-13. Ekwoaba, J.O., Ikeije, U.U. and Ufoma, N., 2015. The impact of recruitment and selection criteria on organizational performance.Global Journal of Human Resource Management,3(2), pp.22-23. Haar, J.M., Russo, M., Sue, A. and Ollier-Malaterre, A., 2014. Outcomes of worklife balance on job satisfaction, life satisfaction and mental health: A study across seven cultures.Journal of Vocational Behavior,85(3), pp.361-373. Lakshmi, S.L., 2014. E-Recruitment: A boom to the organizations in the competitive world.Journal of Business and Management, pp.2319-7668. Nabi, G., Wei, S., Husheng, X., Shabbir, M., Altaf, M. and Zhao, S., 2014. Effective Recruitment and Selection Procedures: an Analytical Study Based on Public Sector Universities of Pakistan.Public Policy and Administration Research,4(10), pp.12-20. Ramsdal, H., 2016.Flexible organizations and the new working life: A European perspective. Routledge. Saxena, A., 2014. Workforce diversity: A key to improve productivity.Procedia Economics and Finance,11, pp.76-85.

Bhagavad-Gita Essays - Mahabharata, Kurukshetra, Hindu Texts

Bhagavad-Gita The Bhagavad-Gita begins with the preparation of battle between the two opposing sides: on the left stands the collected armies of the one hundred sons of Dhritarashtra and on the right lies the soldiers of the Pandava brothers. Warring relatives feuding over the right to govern the land of Kurukshetra, both forces stand poised and ready to slaughter one another. The warrior Arjuna, leader of the Pandava armies, readies himself as his charioteer, the god Krishna, steers toward the opposition when the armies are ready to attack. Arjuna stops Krishna short before the two sides clash together. Hesitation and pity creeps into Arjuna's heart as he surveys his family and relatives on the other side; he loses his will to win at the cost of the lives he still loves. As Arjuna sets down his bow and prepares for his own death, the god Krishna begins his council with Arjuna, where Krishna uses various ideas on action, self-knowledge, and discipline to reveal to Arjuna the freedom to be attained from the suffering of man once Arjuna finds his devotion to Krishna. Before Krishna begins his teachings, Arjuna analyzes his emotions and describes to Krishna the way his heart feels. "Krishna, I seek no victory, or kingship or pleasures" (The Bhagavad-Gita, p. 25). Arjuna admits that he stands to gain nothing of real worth from the war. He knows he cannot consciously triumph over family for his own wealth and glory. "We [Pandava brothers] sought kingships, delights, and pleasures for the sake of those assembled to abandon their lives and fortunes in battle" (The Bhagavad-Gita, p. 25). Arjuna continues on to state that once the family is destroyed and family duty is lost, only chaos is left to overcome what remains. He goes so far as to describe how chaos swells to corrupt even the women in the families, creating disorder in society. Arjuna tells Krishna that the punishment for men who undermine the duties of the family are destined for a place in hell. Finally, Arjuna asks Krishna which is right: the tie to sacred duty or reason? Krishna begins his explanation by stating that all life on earth is indestructible. "Never have I not existed, nor you, nor these kings; and never in the future shall we cease to exist" (The Bhagavad-Gita, p. 31). Because life has always been, reasons Krishna, then how can man kill or be killed when there is no end to the self? Also, Krishna tells Arjuna that his emotions of sorrow and pity are fleeting, and that endurance is all that is necessary to outlast the temporary thoughts. "If you fail to wage this war of sacred duty, you will abandon your own duty and fame only to gain evil" (The Bhagavad-Gita, p. 34). Krishna reinforces the idea of dharma, reminding Arjuna of the consequences faced when one does not fulfill the duty set before him. "Your own duty done imperfectly is better than another man's done well. It is better to die in one's own duty, another man's duty is perilous" (The Bhagavad-Gita, p. 46). Doing one's job poorly is preferable to doing another's well. Even if talents lie in a different area, the duty one is assigned to is the responsibility of the individual. Failure of Arjuna to abide by his duty would have a profound effect on his worldly life as well. Enemies would slander Arjuna and companions would lose faith and respect in the man they once held in such high favor. If Arjuna loses his life, then he gains heaven and if he wins then he gains the earth; thus there is no need for Arjuna to fear for his own fate. To complete his sacred duty, Arjuna must perform the necessary actions for the duty to be achieved. "Be intent on action, not on the fruits of action; avoid attractions to the fruits and attachment to inaction!" (The Bhagavad-Gita, p. 36). In the third teaching, the abstinence from action fails because one cannot merely reject one's actions and find success. Inaction threatens the well-being of the physical body, warns Krishna. Discovered through techniques like yoga and inner reflection, action allows the freedom of the self to be found and attained. Once Arjuna loses desire in the consequences of his actions, then a new kind of discipline can be realized. Understanding, rated superior to action by the god Krishna, provides the necessary tools to perform the skills needed to execute the action. Krishna warns Arjuna that this understanding can be lost once man begins a downward process

Child Welfare in Canada

Child Welfare in Canada Child welfare system in Canada has undergone tangible shifts due to the intervention of child welfare programs. Despite the detrimental influence of colonization that had last for a century, the contemporary child welfare system has experienced a significant proliferation of funded and government-regulated social services.Advertising We will write a custom term paper sample on Child Welfare in Canada specifically for you for only $16.05 $11/page Learn More Introducing action plans in urban areas have also been extended to rural districts, including Aboriginal population. Significant improvements have been presented to the professional field of social work. The new professional realm has provided a strong underpinning for shaping the standards that can be used to analyze traditional childcare practices in an Aboriginal family. Despite the recent improvements, child protection policies were not consistent to meet the demand of the Aboriginal communities. Signi ficant changes started with the introduction of the Indian Act, the Act for the Prevention of Cruelty to and Better Protection of Children of 1981, and the Child Welfare Act of 1922. All these documents have contributed significantly to the child welfare in Canada. The history of child welfare in Canada dates back to the nineteenth century. During this period, children workforce was exploited and some of children were even owned by their parents. At the end of nineteenth century, first attempts were introduced to face children abuse and avert the child enslaving practices. At the threshold of the twentieth centuries, first organizations established orphanages and specialized schools for neglected and abandoned children. In 1981, Children’s Aid Society was established that issued the first Child Protection Act two years later in Ontario (Turner, 2005). The Act addressed the Prevention of Cruelty to and Better Protection of Children; it also promoted protection and assistance t o abused children (Turner, 2005). The legal statute at issue was premised on the Children’s Protection Act of 1988 according to which the courts were allowed to place abused and abandoned children in specialized homes.Advertising Looking for term paper on public administration? Let's see if we can help you! Get your first paper with 15% OFF Learn More The courts were also entitled to take responsibility for the neglected children and required the municipal governments to cover costs for children’s housing facilities (Turner, 2005, p. 13). In addition, it also introduced regulations ensuring proper training and education. The expansion of childcare services in Canadian provinces has a potent impact on further development of child protection laws. Shifts in child welfare were largely influenced by the changing perception toward children’s engagement in labor market. In particular, the existing regulations encouraged formal education and enh anced the importance of receiving degree in various subjects. More importantly, child care professionals were extremely concerned with family environment in which a child was placed to highlight possible psychological and social problems influencing children’s normal development. In 1960s, the Canada Assistance Plan was implemented to protect low-income families and neglected children (Cleveland Krashinsky, 2001). Such a policy was handed over to the current federal government, but no essential reforms were introduced due the significant expenditure they required. As a result, there is a growing concern with the negative consequence of the government’s passive participation for child development (Cleveland Krashinsky, 2001). In 1990s, Canadian child welfare protection was poorly recognized due to fragmentation, inconsistence, and inadequacy of the introduced regulations (Cleveland Krashinsky, 2001). Such a situation took place despite the introduction of Child and F amily Services Act in 1990 that undermined the existing inequalities in treating children. The main purpose of this act was to â€Å"promote the best interest, protection and well being of children† (Child and Family Services Act, 1990). Introduction of the legal statute have provided slight improvements in the sphere of child protection. Nevertheless, there existed tangible gaps in governmental policies.Advertising We will write a custom term paper sample on Child Welfare in Canada specifically for you for only $16.05 $11/page Learn More The welfare of children in Canada is strongly associated with problems in the Aboriginal community. Under these circumstances, particular attention deserves the changes made to the Indian Act, as well as how these amendments have improved the welfare of Indian children. So far, the experiences of Indian children were predominantly negative, which creates a controversial case. On the one hand, the white population fa ced sufficient professional support on the part of childcare agencies. On the other hand, child welfare centers in provinces failed to deliver adequate and coherent services for off-reserve Aboriginal children. The first attempt to protect the representatives of the First Nation had been made with the introduction of the British North American Act of 1867 according to which â€Å"the provincial child welfare authorities took the view that they had not jurisdiction over on-reserve First Nations children, the delivery of child welfare services being a matter within the jurisdiction of the federal government† (Harris-Short, 2012). The emergence inconsistencies were alleviated as soon as the Indian Act was corrected in 1951. This is of particular concern to the Section 88 that ran, †¦all laws of general application from time to time in force in any province are applicable to and in respect of Indians in the province, except to the extent that such laws are inconsistent with this Act (Indian Act, 1951, as cited in Harris-Short, 2012, p. 44). The amendment has created the legislative foundation for extending provincial child welfare in the Aboriginal communities. Despite the changes, the provincial government is still reluctant to take responsibility unless sufficient funding is provided. The initiatives, statutes, and policies introduced in the twentieth century have had an enormous impact on the current state of child welfare in Canada. Increased awareness of the dynamics of emotional, sexual, and physical child neglect and abuse has triggered changes to the legal system (Harris-Short, 2012). This is of particular concern to the development of an extensive network of social agencies, which is an obligatory requirement for professionals working in most child protection jurisdictions. The global recognition of child welfare issues has also led to the improvements that have made societies develop programs and services for children (Harris-Short, 2012).Adv ertising Looking for term paper on public administration? Let's see if we can help you! Get your first paper with 15% OFF Learn More Despite the fact that the need for child protection agencies exists, general understanding of the problem in child welfare field has greatly increased. As a result, the Canadian community creates opportunity for developing meaningful employment, adequate education, and good child assistance for working parents. In conclusion, child welfare in Canada involves a rich history of policy development. In the late nineteenth century, the problem came to the forth as soon as the child negligence and abuse was recognized. Numerous acts and statutes were introduced to treat the problem properly. Further amendments touched on both the Aboriginal community and white population of Canada to define what the federal government should do to improve the situation. In this respect, such acts the Indian Act, the British North America Act, Child Protection Act, and the Child and Family Services Act have led to significant proliferation of the rights of children in the Canadian community. References Chi ld and Family Services Act (1990). Established on the Office of the Legislative Counsel. Retrieved from https://www.ontario.ca/laws/statute/90c11 Cleveland, G., Krashinsky, M. (2001). Our Children’s Future: Child Care Policy in Canada. Canada: University of Toronto Press. Harris-Short, S. (2012). Aboriginal Child Welfare, Self-Government and the Rights of Indigenous Children: Protecting the Vulnerable Under the International Law. US: Ashgate Publishing. Turner, F. J. (2005). Encyclopedia of Canadian Social Work. Canada: Wilfrid Laurier University Press.

Impact of Export Subsidy on Demand, Supply and Price Assignment

Impact of Export Subsidy on Demand, Supply and Price - Assignment Example For this reason, therefore, the effects of subsidies on the economy are often separated into short term and long term effects. It is mostly argued that although in the short run these subsidies prove to be a quick remedy for lifting up weak industries and promoting their growth, in the longer run the same tool proves to be detrimental for industries who then become permanently dependant on the state for it. This report attempts to analyze a particular form of subsidy known as an export subsidy in terms of its intended aims and its actual effects on the economic structure. The aim of this report is to analyze the economic impact of an export subsidy in an open economy (Australia in this case). The analysis shall begin with a thorough conceptual analysis of an export subsidy and its nature, followed by its effects on output and price as well as economic welfare and government budget. The report concludes with recommendations for government policy along with potential limitations of thi s economic analysis. 2.0 Export Subsidies Export subsidies have since long been used by governments as part of their policy to enhance export of locally produced goods and dampen the sale of locally produced goods in the local market. ... Also, export subsidy is an alternative to the provision of production subsidy to producers competing with imported goods in the domestic market. Simply put, the export subsidy is a motivation for local producers to increase their supply of exports as opposed to goods for domestic consumption (Carbaugh, 2010). 2.1 Impact of Export Subsidy on Demand, Supply and Price Considering that wine production is a part of the agricultural industry, export subsidies may be imposed by these in order to enhance their exports. Assuming that wine is a homogenous product and that it operates in a homogenous market, the analysis of the Australian government imposing export subsidies is simplified. An export subsidy will cause the domestic production to increase, thereby enhancing exports in turn (World Trade Organization, 2006). The domestic price of wine will rise provided that Australian simultaneously embarks on a policy of banning any re-imports. The greatest assumption here is that the Australian economy (the economy where export subsidy is imposed) is a price-taker (selling homogenous wine); hence, the resulting outcome will not have any influence on the world price of wine. If this assumption was dropped and the Australian economy was assumed to be a â€Å"large† economy in terms of wine, then the resulting economic changes would have driven changes in world output and resulted in inefficiencies as far as international trade is concerned. In that case then, the resulting increase in exports would have driven down world price of wine depending on the share of world wine production that Australia holds with respect to other countries (World Trade Organization, 2006). The simplistic case of

Important Moment in My Life from the Viewpoint of Others Essay

Important Moment in My Life from the Viewpoint of Others - Essay Example Clarity of thoughts entails mastery of the language that will be used in writing. A grammatically correct piece can easily convey its message. That piece of writing should not lose its focus and aim for its target audience's heart. I had a fair share of memorable experiences since childhood. I cannot forget the first time I went up on stage to receive my academic award on first grade. As I grew older, the wrong decisions I made also left a mark in my life because of the lessons I learned from it. I can enumerate a number of occurrences that I consider important; but, to my family and friends, the most important event that ever happened to me is my affiliation with the Internal Revenue Service (IRS). IRS is one of the largest financial institutions in the world. Since 1987 to date, I am an enrolled agent of IRS. When I moved to San Diego, I got interested with a promising career of becoming an Enrolled Agent (EA) of IRS. Although I love writing, I am more fascinated with numbers. Hence, I took the EA examination. It was quite difficult because I had to study and master the information from hundreds of different IRS publications that contains thousands of pages. Yet, I passed the exam in just one take. My tax practice began in October 1987. ... I earned a good reputation within the community and the government sectors. I agree with my family and friends that my business achievement is the most important moment in my life, so far. I enjoy great benefits from this profession and it also enables me to spend quality time with my family and friends. I may not be an employee of IRS, but the ten reasons given on the question 'Why it is rewarding to work with IRS' are agreeable (Internal Revenue Service [IRS], 2007). Among the reasons that fit my experience is that IRS has continuously given me the opportunity to improve my skills. In my two decades as an enrolled agent, I have been to a number of IRS-sponsored seminars to upgrade my knowledge on US Tax Law and improve my expertise. Being an enrolled agent has further developed my sense of responsibility for important work. This career has enabled me to ensure that American nationals are aware of their responsibilities with the State and pay their taxes religiously and honestly. I must admit, this line of business is coupled with a lot of temptations. Some of my friends asked me if I ever gave in to the tempting power of money. Indeed, a number of non-compliant taxpayers would offer a large amount of money just to alter the entry in their tax returns. I had a battle with my personal code of conduct. But the fight with my inner-self quickly vanished as my principle prevailed. In a way, the United States Internal Revenue Service has enriched my values. Among these values are integrity to uphold the highest standards of honesty, reliability and honor; accuracy in ensuring precise and thorough work products; respect for every peoples' cultural difference and ideas; and, professionalism in achieving excellence (IRS, 2007). Somehow, I am glad that my family and