Objectives of the World Bank
The World Bank also called the International Bank for Reconstruction and Development is a global financial institution that offers financial assistance to member countries while supplementing and promoting private foreign investment as well as promoting a long-range balance in the growth of the international trade. It was established in 1945 and opened officially in 1946.
The World Bank played a significant role in the reconstruction of countries that had been destroyed by the Second World War. Since the 1960s, the focus of the World Bank has shifted from the industrialized countries to the development of the third-world countries. It has done this by providing long-term investment loans with reasonable terms to these countries and private investors.
Among the objectives of the World Bank include the following:
- To help in the development and reconstruction of the territories of its member countries by facilitating capital investment through productive means such as economic restoration of countries disrupted or destroyed by war. It also does this through reconversion of the productive facilities for peaceful needs and encouraging establishment of productive resources and facilities in the developing countries.
- To promote investors through participation or guarantee in loans as well as other investments that private investors make.
- Supplementing private investments through provision of sustainable finance conditions when there is no sufficient private capital on reasonable terms for productive purposes. It does this by providing its own capital fund.
- To promote a long range balanced development and growth of the international trade as well as maintaining equilibrium in the balance of payments. It does this by encouraging international investors to develop productive resources in member countries, thereby helping in enhancing productivity, living standards, and labor standards within their territories.
- To arrange for loans made and/or guaranteed in regards to the international loans via other channels to ensure that more urgent and useful projects, small and large alike are handled first.
- To execute its operations while considering the effects that international investment has on the business conditions of the member countries and also the immediate post-war period. The World Bank also aims at ensuring a smooth transition from the war period to the peacetime duration and fostering economic prosperity of the world.
In trying to accomplish these objectives, the World Bank provides technical support to its member countries. For this reason, it has formed The Economic Development Institute. Member countries can also get loans from this bank of up to 20 percent of the share of the paid-up capital. The World Bank determines the conditions, terms and interest rates of the loans that it gives its member countries.
Generally, the World Bank gives loans to members for specific and dully submitted projects. The debtor country repays the loan in the currency via which it borrowed it or reserve currencies. Before borrowing loans from the World Bank, private investors are required to seek permission from the countries where they will collect the money.
We can write an essay on the objectives of the World Bank for you
The World Bank has helped many countries to achieve financial stability and improve the living standards of their people. Order an essay on the objectives of the World Bank at Essays Experts now and our veteran essay experts will write it for you.
Pros and Cons of a Pegged Exchange Rate
A pegged exchange rate, also known as fixed exchange rate refers to an exchange rate whereby the central bank or the government pins its official exchange rate to the currency of another country (s). Sometimes, the official currency exchange rate can also be tied to the price of gold. The purpose for undertaking such a measure is to enable the country to maintain the value of its currency within a narrowly inclined band.
There are several benefits that a country can achieve with a pegged exchange rate. Likewise, there are also demerits to taking such a step. One of the arguments in favor of a pegged exchange rate is that it ensures a reduced risk when it comes to global trade. When a particular country maintains a fixed exchange rate, buyers and sellers are able to easily come to an agreement on the price to be applied for commodities. After the contracts are sealed, there will be no risks resulting from changes in exchange rates, thus, enhancing investment.
A pegged exchange rate is also an ideal avenue to be pursued towards instilling discipline in the management of economies. A fixed exchange rate gives governments the authority of not following inflationary policies. As a result of this, there will be reduced risks when it comes to problems arising from balance of payments and unemployment. Thus, the economy will become competitive. A pegged exchange rate is an ideal incentive that can enable governments to keep inflation on the low.
On the other side of the coin, a pegged exchange rate creates an environment where there is dire need for large foreign exchange reserves. A government that has implemented the policy of a fixed exchange rate requires huge foreign currency reserves at its disposal in order to maintain that rate. The lower side of this is that such kinds of reserves come with opportunity costs that can be quite expensive to a country.
Another con of a pegged exchange rate is that it is not flexible and creates a condition for limitations. With a fixed exchange rate, it becomes challenging to make response to temporary shocks. This is because there is always no chance for devaluation when the exchange rate is fixed.
A pegged exchange rate can also lead to imbalances in current account. This is because with an exchange rate that is overvalued, there are higher chances for deficits in the current account. Another demerit of an exchange rate that is fixed is that it is usually not easy to determine the right time for a country to join. If a country implements the policy of a pegged exchange rate at a high, its exports will not be competitive. On the other hand, inflation can be experienced when the rate is too low.
Owing to the pros and cons of a fixed exchange rate that are outlined above, it is clear why most economies prefer to implement it. A fixed exchange rate comes with numerous comparative advantages for trade that can help a country in shielding its economic interests.
Stock Repurchase Agreement
A stock repurchase agreement is used for purposes of buying stocks back from trader/stockholder. This type of agreement can also be used by an individual who owns stock in a particular company and they are interested in selling it back. Before making an agreement on a stock repurchase agreement, it is advisable to ensure the terms are clearly outlined first. Getting this type of agreement signed aids in moving the process forward.
A stock repurchase agreement can be used when:
- A company wants to repurchase shares from one of its shareholders
- When one is a stockholder interested in re-selling their stock back to the company.
There are instances when departing stockholders are required to sell and/or the remaining stockholders might be required to purchase stock from the departing stockholders. The resulting effects of this arrangement can include any of the following:
- Liquidity might be provided to the stockholder departing according to the price per share
- It makes it possible for the surviving to retain ownership 100 percent
- Prevents undesirables from becoming part of the stockholders.
There are several reasons as to why a trader would prefer to resell their stock to a corporation. For instance, it could be a lucrative time for them to re-sell or they could be interested in getting out of that specific investment. Other instances, they might be partners in the corporation interested in selling their stock to a fellow partner in the corporation. Note that there are instances when the stock repurchase agreement is signed by a trader who wants to get their stock back. Whatever the reason might be, it is essential to have a clear understanding of how the stock repurchase agreement works. This not only makes it easy to acquire the stock back or sell it but also ensures all the terms are clearly clarified in the form of writing.
If the corporation is repurchasing the stock, it should state clearly in the agreement the amount it is purchasing it at as well what the total purchase price is going to be. In addition to this, the representations and warranties should be clearly outlined in the agreement. Ideally, this will include the power and authority which states the stakeholder has the authority and power to deliver on the agreement. Also, the enforceability and validity of the stock purchase agreement should be clearly laid out.
It is important to note this type of agreement is not only valid and legal but binding as well. It clearly outlines the obligations of the stockholder in accordance to the terms stated in the agreement.
This essay was written by one of our professional writers at Premium Essays. You can buy the complete paper or one on a topic of your choice today at an affordable cost. We have writers available around the clock ready to work on your assignment regardless of how urgent it might be.
To prove our commitment to assist you score better grades, we have hired a commendable team of editors and a quality assurance team. They all work together to ensure the paper delivered is 100% plagiarism free and delivered on time. Place your order with us and we guarantee it will be the best decision you ever made!
Contribution of Aviation Industry in Indian Economy
The Indian aviation industry contributes around INR 330 billion to the country’s gross domestic product. The contribution the industry has made to the country’s economy in the last couple of years can best be described as phenomenal. Globally, it is one of the fastest growing industries. The entry of private operators in the industry and cut in air travel and prices, the industry became popularized in the country.
The GDP of the country has risen above 8 percent and it is expected the growth rate will continue for the coming years. In South Asia, the aviation industry in the country holds 69 percent of the overall airline traffic. What is more, the growth of airline traffic in the sector is 4 times what is recorded at international levels. The aviation industry has also contributed to employment as it supports over 1.7 billion jobs in the country. 276,000 of these jobs are supported directly by the industry, 841,000 are supported indirectly by the sector supply chain while 605,000 jobs are supported through spending by employees in the sector and the supply chain. What is more, there are more than 7.1 million people who are employed through catalytic effects of the industry.
Air traffic in India has grow at an enormous pace and it is expected that the growth will continue and exceed the 25 percent travel segment. The present scenario in the country has twelve domestic airlines operating in the country and another sixty international airlines in the country. With the continued economic growth in the country as well as its stability, the country has become the most preferred location for commerce and trade activities. The industry has also placed the largest order for aircrafts on a global scope.
The jobs available in the industry can best be described as high productivity and this is because the average employee generates INR 1.3 million annually in GVA. This is ten times more productive. Additionally, the industry has also contributed to the public finances. The sector pays more than INR 87.5 billion in tax and this includes tax receipts from social security contributions, corporation tax on profits and employees. Estimates indicate there is additional INR 9.8 billion government revenue that is raised through the aviation sector in the country while another INR 7.1 billion is raised through activities that are supported by employee spending in the sector and the supply chain.
The only place where you can buy an essay that is of high quality and well written such as this is at Essays Experts. This is the only place where you find talented, experienced writers committed towards ensuring the paper you buy is 100% plagiarism free and original.
We always hire writers after they have proven they have great research and writing skills. This means every paper you buy from us is guaranteed to be grammatical correct and free of typo errors. What is more, we guarantee our editors and quality assurance team will ensure the paper meets and exceeds your quality expectations. Go on and place your order with us today at Essays Experts. We guarantee it will be the best decision you ever made. This is because the paper will be delivered in time and it will be of the highest quality possible!
Competitive Rivalry in Fast Food Industry
The food industry has grown to become the best source of income and revenue. It has played great roles in the economic development on a global platform. Fast-food or quick service restaurants have become the in-thing for many people and this has projected the growth of the industry. There are several fast food giants that have been holding up very well more than any other in the restaurant sector. These companies include McDonalds, Burger King, Taco Bell, Subway, Wendy’s international and Dairy Queen among others. The biggest challenge in the fast food industry has been immense competition.
Many entrepreneurs who have tried their luck in the industry have experienced a lot of challenges that have pushed many to withdraw their focus. Competitive rivalry has been one of the key challenges in the fast food industry as there are many companies competing for the same dollar and profits in the industry. Every fast food company wants to make fast money by selling large amounts of food at lower rates. Majority of these companies compare the profit margins although it is not as a high as many new investors in the industry may anticipate. Notoriety when it comes to paying wages is the other issues affecting the industry and most of the large companies capitalize on this issue.
For any entrepreneur trying his or her lack in the fast food industry conducting rivalry analysis has been one of the most effective strategies to count on. The Porter’s 5 forces has been the de facto context for analyzing the fast food sector. Competitive rivalry in the fast food sector has affected even the giant restaurants that have dominated the industry for many years. Rivalry among the existing companies has been heightened by increased service and products improvement, increased innovation in the sector, better advertising and tumbling pressure on prices.
Competition in the fast food industry as not only hit the restaurants styles, but also their widespread target markets. Every giant or green restaurant has been working hard to grasp a bigger market share. There are a number of factors that have intensified competitive rivalry in the industry and they include;
- There is increased competition for same customers and product resources due to the large number of firms anticipating to dominate the market.
- The industry has reached maturity stage and this has slowed it growth. many of the companies have been competing to gain a better market share and gain more profits.
- High storage cost have pushed competition has every giant fast food provider want to gain more profits and spend less.
- There has been high exits barriers and this has increased rivalry has most of the companies want to dominate the market for long.
Fast food companies need to work together and especially with franchises that are on new initiatives. They also have to adapt to new changes in the market and satisfy clients’ needs without any qualms. If they keep in mind that competitive rivalry results to pressure on prices and margins, they will be able to easily help the industry to overcome other rapidly developing and profitable industries.
It is easy to order a sample essay on competitive rivalry in fast food industry at Essays Experts. Fill the order form, pick well-written paper and make payment. Delivery will be made on time. Enjoy!
Martha Stewart Insider Trading At Imclone Systems
Martha Steward is a business connoisseur popularly known for the insider trading scandal at Imclone Systems. She is the founder and CEO of the widely acknowledged Martha Stewart Living Omnimedia Inc. a company known for its interests in television, merchandising, publishing, electronic commerce and related international partnership among other interests. In the early 2000s, Martha Stewart was accused of insider trading whereby she had sold four thousand ImClone shares one day before the company’s stock nose-dived.
The charges of securities against Martha were thrown away, she was still found guilty of four counts of obstruction of justice and lying to the key investigators. She was sentence to five months of prison, two years of probation and five months of house arrest. The insider trading case at ImClone systems was also filled with great vagueness as it relates to retributive determination and aspect of being innocent or guilty.
A lot of issues came up from this insider trading case and a lot has been debated on central moral and ethical issues that surround insider trading practice. In many countries, insider trading is illegal regardless of the inside information provided secretly. With regard to the Martha Stewart case, insider trading was clearly evident. For instance, Martha had been a stakeholder of the biopharmaceutical company ImClone system incorporated.
This is a company that focused on advance oncology care and had come up with a new drug design- Erbitux which would have a treatment for patients with colon cancer. The licensing application has been provoked and would result to ImClone lose on share price. Merrill , Lynch’s senior broker, Peter Bacanovic had informed Martha about the drastic market change likely to happen in ImClone’s share price via his assistant Douglas Faneuil .
Mr. Faneuil has specified that the Waksals had sold of their securities from ImClone. Mr. Sam Waksal the CEO of ImClone had made a call directly to Bacanovic one of his brokers and dumped his company share to avoid any financial losses. From the secret information, Martha Stewart sold all her securities that totaled to 3928. From the insider trading perspective, Martha Stewart had no real responsibilities to other shareholders of ImClone as she was not in an official position to interfere with the operations of the company.
It is a clear indication that there was not any infringement of fiduciary duty in this situation. Unfortunately, Martha Stewart did commit insider trading as she possessed material information about the ImClone financial crisis in addition to being deceptive to authorities of what information she was provided with. On top of this, she might have been convicted of insider trading by the Securities and Exchange Commission [SEC].
In the Martha Stewart case, she had information on the ethics surrounding trading of the stock, but it can be argued that she was not cognizant of the changing aspects surrounding the offence when she sold off her shares. Martha would have defrauded and misled her shareholders as they had been provided with false information on the amount of shares she would have sold. These actions indicate unethical behavior and define lack of integrity. The damages caused in such cases are evaluated as compensatory and punishing. Therefore, entrepreneurs should uphold to business law and ethics for exceptional growth of economy.
Want to learn how to write a case study on Martha Stewart insider trading at Imclone Systems at ease? Feel free to get in touch with our professionally trained writers here at Essays Experts. We have all you need.
Sustainable Management of Natural Resources
Human wellbeing and development is heavily dependent on the state of the natural environment. Natural resources are used to power our social and economic development and we rely heavily on different types of ‘ecosystem services in order to ensure the planet carried on to be healthy such as clear water, air, raw materials and food. This is also important for disease regulation as well as creating space for recreation.
While this is the case, the natural ecosystems of the world are under immense and increasing pressure to expand and provide sustainable supply of fuel, fiber and food among other commodities while making provisions for services that are related to clean water, air and biodiversity. Some of the areas that can be focused on to ensure natural resources are sustainably managed include:
- Economic and ecological interrelationships in management of ecosystems
- Assessment of ecosystem services
- Behavior and management of resource managers
- Bio-energy, climate change and carbon sequestration
- Optimal multi-use management of natural resources like forests and parks
Sustainable management of natural resources deals with management of how natural landscapes and people interact. It helps bring together water management, biodiversity conservation, water management and future sustainability of industries such as mining, agriculture, forestry, tourism and fisheries. It also recognized people and their livelihoods are dependent on productivity and health of our landscapes and the actions they take as stewards of the land are critical in maintaining the productivity and health of natural resources.
Sustainability emphasis is traced back to the earliest attempts at understanding the ecological environment of North American rangelands during the late 19th century. The analysis coalesced during the 20th century with the recognition preservationist conservation strategies hadn’t been effective in alteration of the declining natural resources.
A much integrated approach was later implemented that recognized intertwined cultural, political, social and economic aspects of natural resource management. The New South Wells government in 2005 published a Standard for Quality Natural Resource Management with the goal of improving the consistency of practice based on adaptive management approach.
In the US, effective areas of natural resource management include wildlife management which is associated with rangeland and ecotourism management. In Australia, water sharing like catchment management and Murray Darling Basin Plan are some of the most significant management projects. The management of natural resources can be grouped in accordance to the right and type of stakeholder such as state property, private property, common property, hybrid and non-property (open access).
This paper was written by a writer at Essays Experts and should not be copied whether in part or in whole. If you are interested in a similar paper, contact our support team and place your order and we guarantee you will not be disappointed!
We have skilled writers, a committed quality assurance team and editors who work towards ensuring the paper you buy is formatted to match your academic standards. We guarantee that with us, each paper you buy is perfectly formatted and referenced.
Our team will ensure each paper is 100% unique in order to ensure you don’t get into trouble with your professor. Still wondering whether to place your order with us? Don’t wait much longer! Contact us today!
Disadvantages of Employee Empowerment
What is employee empowerment?
Employee empowerment is where authority is given to employees to make critical decisions concerning the organization with little or no supervision from the managers. This entails using different techniques to empower the employees so that they can make better decisions for the company.
Most companies carry out employee empowerment by using techniques such as:
- Job enrichment. This is where employees are assigned more duties at the same position or cadre of employment.
- Job expansion. This entails promoting employees and also assigning them more duties which are considered of higher cadres than what they are currently doing.
- Job rotation. This is where employees work in different departments so that they enrich their skills and knowledge of the organization. This gives them better decision making skills.
Employee empowerment also entails giving the employees information regarding the company and getting their opinions regarding different aspects of the organization. Organizations usually carry out employee empowerment in order to motivate the employees and also increase productivity levels at the work place.
Disadvantages of employee empowerment
In as much as employee empowerment may have many benefits in terms of increasing motivation and productivity amongst employees, it also has its downsides. There are many challenges that can be brought by leaving major decision making to employees. These include:
- Abuse of authority. When an organization decides to let employees make major decisions on behalf of the company without going through the major rungs of power, there are high chances of abuse of authority. Employees may not be mature enough to make decisions without a certain amount of supervision and hence can abuse the given authority and powers.
- High levels of insubordination. Many a times, employee empowerment can become over-confident and arrogant when given the chance to make and implement decisions on their own. This can lead to high levels of insubordination because the employees may have little respect for their managers. The hierarchy in the organization can be overlooked when employee empowerment is implemented in an organization.
- Reduced confidentiality. Since employee empowerment is about giving the employees the chance to make decisions on behalf of the company and involve them by sharing confidential information with them, it can lead to a big compromise on information of the organization. Employees who are not mature enough can leak out important information concerning the organization to the wrong people and compromise the security of the organization.
- Poor decision making. If employees who are inexperienced are given the opportunity to make decisions on behalf of the organization, they are more likely to make the wrong decisions. Even though the employees may be creative and good ideas, they may make the wrong decisions for the organization.
There are generally several benefits of employee empowerment. However, there are several demerits as discussed above and these can be detrimental to an organization. It is thus very important to implement this strategy with the right conditions so as to reap of these benefits.
Are you in need of an essay on the disadvantages of employee empowerment? We have expert writers at Essays Experts who are ready to help you with your paper. Visit us and place your order with us today and you will not regret it.
Disadvantages of Downsizing in Business
Downsizing is a term that refers to elimination of departments, divisions or positions within a company or business. While this exercise can trigger positive outcomes, it has negative impacts as well. It impacts numerous employees, ongoing projects, future organization of the business as well as techno logy updates.
Cash flow complications, poor performance of stock market as well as low profit margins are some of the factors that drive the decision to downsize. The impact of downsizing is often felt by those employees left behind and its disadvantages include the following:
While downsizing helps reduce costs in terms of benefits and salaries, it also comes with a set of high costs. The business has to prepare severance packages as well as deal with payment for continued benefits which can be quite costly depending on the number of people being laid off as well as what their contract states layoffs.
Employees with vacation time built up also results to payouts for that amount thus adding to costs. In addition to this, employees left behind are forced to assume the role of those laid off and this means they might neglect their own duties and this could also result to increased overtime. When the business grows and there is need to hire more people, the business also incurs additional costs in screening, advertising, hiring and recruiting employees.
Disruption of communication
Downsizing also affects informal and formal communication channels within a company. From casual communications to international streams of communication, downsized employees are not part of the communication process and this could destabilize the business.
Employees left behind also have a hard time establishing current operations as well as indentifying the individuals responsible for the project as well as defining a new chain of command. This communication loss hampers information flow as well as the company’s internal ideas exchange and decision making process.
Whenever a downsizing announcement is made, the morale of workers takes a turn for the worst. Employees will often worry about those losing their jobs as well as how the company is going to function once the downsized workers leave.
Once the employees laid off leave, those left behind have more responsibilities without necessarily a higher pay and this decreases their morale. In addition to this, those left behind also worry that more layoffs might be made and if for some reason they think that the downsizing process was unfair, the respect and trust they have in employers is diminished.
Even when a business has a valid reason for choosing to downsize, it will face a potential legal suit if any of the employees feel like they were unfairly treated or laid off.
There are other disadvantages to downsizing and they include a drop in the creativity and productivity of employees left behind, loss of knowledge and skills, employee stress and creation of a negative image about the business.
This paper was written by a writer at Essays Experts. You cannot pass it off as your own work but you can get a perfectly written custom paper at an affordable price.
We have experienced writers backed by a quality assurance team and editors who ensure that every paper is of high quality before it is delivered! We guarantee timely delivery and papers that are 100% plagiarism free because it is our mandate to ensure you are 100% satisfied!
Door in the Face Technique
Door in the face technique refers to a compliance method that is very common in social psychology studies. The technique entails attempts by persuaders to convince respondents to comply by making large requests that respondents are highly likely to turn down. It is more of a metaphorical door slamming on the face of the persuader. There are high chances of respondents agreeing to the second and more reasonable requests as compared to similar reasonable requests reached in isolation.
In door in the face technique, a larger request precedes a certain request. Refusal of a first request combined with apparent concession on the requester’s part make people highly likely to accept the second request feeling that making a concession independently is the noblest thing.
This technique is a strategy that is used to gain concession or compliance. After having the first request turned down, the requester counteroffers it with a more reasonable request that is hard to turn down. For instance, you want to apply for a two weeks no-pay leaves on a busy month. In that case, you approach the manager asking for a one month leave. The manager rejects the request and then you cut the request down to three weeks and then to two weeks. The manager will most likely approve the two weeks no-pay leaves after rejecting the first two requests.
Conmen also use the door in the face technique. For instance, a conman may approach you asking for you to help him with $50. After rejecting him, he will continue begging you until when you give him a smaller amount.
Door in the face technique is a contrast of foot in the door technique. In this technique, persuaders start with small requests and then increase the demands of the requests gradually. This technique although different, increases the chances of the respondents agreeing to the second requests.
Several studies have been done to determine whether the door in the face technique is really effective due to social responsibility or reciprocal concessions. Reciprocal concession explanation is common and it entails reciprocity or simply put the need for compliance on the side of the respondent to smaller second requests since the persuader compromises from the first request.
Social responsibility explanation entails the internal standards and the essence of assisting others and making respondent feel that they have to comply with the second smaller requests. Other explanations of door in the face technique effect entail reducing guilt and maintaining positive self-presentation.
Buy an essay on door in the face technique online
Are you looking for immediate help with your essay on door in the face technique? Do you need professional help with your essay? Then buy your essay at Essays Experts. We are highly professional essay writers and we have an expert in our team to write this essay for you. We work proficiently and we are confident that you will have a superior quality essay on this or related topic delivered within your timeline.
Place an order for your door in the face technique essay at Essays Experts and we guarantee you that we will deliver a superior quality essay within the deadline that you set for us.
Impact of income inequality on the Canadian economy
In the last 20 years, Canadian income inequality has continued to rise. Between 1993 and 2008, the richest faction of Canadians enjoyed an increase in national income while the poorest faction lost its share. Among its peers, the country has the 4th largest income inequality according to global analysis. Most of the gains in Canada go those who are ‘super rich’.
A study that was carried out by the Canadian Center for Policy Alternatives used tax file data for purposes of keeping track of the richest 1% of Canadians whose income was high than 99% of tax filers in Canada. The study found that the group, which comprised of 246,000 people with an average income of $405,000, took a third of the income growth from 1998 through to 2007. This is a decade in which the fastest economic growth was witnessed.
This growth noted among the ‘super rich’ is not as a result of assets they already own because it has been historically proved that the super rich rely greatly on the undeserved profits from assets. This means that their income is largely as a result of lavish sums they get paid when they work.
There are two important factors that contribute towards income inequality in Canada and they include:
- Market forces-This specifically includes skill bias change and globalization which have created an increased in skilled labor demand.
- Institutional forces-This includes decline of unionization rates, stagnation of minimum wage rate, national policies and deregulation that favors the super rich.
Income inequality has far reaching impacts on the Canadian economy. This is especially witnessed in business establishments which are becoming more concerned about the state of inequality. It diminishes economic growth because it means that the country is not using the capabilities and skills of its citizens fully and leads to increase in social tensions. In addition to this, it also raises a moral question in regard to social justice and fairness.
Also, because of income inequality in the country, consumers are often left without much purchasing power. Traditionally, economic growth meant that everyone within the country would benefit but this is not the case in Canada. The latest economic growth surge has seen the rich Canadians getting richer while the poor get poorer.
The challenge that Canada is now facing is that of preserving for the future generations so they can enjoy a fair and level playing ground. At least 61% of Canadians say that inequality stands between them and the opportunity of living a better life than their parents as reported in a survey by Ekos Research Associates.
This essay paper was written by one of our competent writers at EssaysExperts.net and should not be copied whether in part or in whole. If you are interested in buying a similar paper, contact our support team and place your order.
We have talented, experienced writers who are great researchers as well ready to write your paper on your behalf. Our writers are backed by a competent team of editors and a quality assurance team that ensures each paper is perfectly written and free of grammar and typo errors.
So go on, contact us today and place your order for a premium quality essay. We guarantee not to disappoint you but rather, deliver high quality papers. What is more, we guarantee to beat any deadline!
Wage Gap in America
Wage Gap in America addresses many issues. Over the past years, there have been many questions surrounding wage gap in the states including why men are often paid more than women, whether women work part time hence the wage gap and whether women have the sole responsibility of taking care of their children that’s why they earn less.
The truth is that all the above questions can be answered by understanding wage gap in America. Research shows that wage gap in the US affects many women of all ages. It also affects women despite their educational level. This is why the state has been trying to find the most ideal solutions to address or close wage gap.
Wage gap in America has not been budgeted over the past years. Therefore, women suffered a great deal and they were paid only 77 percent of what men were paid in a decade. This included women who worked whole year and full time.
Wage gap in America also affects women in every state. However, some states are worse compared to others. Women in Washington DC are paid well, 90 percent of what men are paid especially in the past decade. The worst state where the effects of wage gap are greatly felt is Wyoming where women are only paid 64 percent of what men earn.
The wage gap in America is also worse depending on the color of women. Even though it affects all women in the states, Hispanic and Black women are greatly affected. It is also worse on Asian American women as they receive 87 percent of what white men are paid in the country.
Hispanic women earn 53 percent of what white men earn. This means that whites are used in the states as a benchmark because they cover the largest demographic group.
Wage gap in America-occupation
Wage gap in America affects women in all professions. It doesn’t discriminate against the type of work that a woman handles year in year out. Middle and elementary school teachers are paid less compared to their male counterparts. This is also common in female dominated, male dominated and gender balanced workplaces.
Wage gap also affects women without children. Those that work full time earn up to 82 percent of what men earn.
Educated women are not an exception. Even though many women have advanced in education, they stand a chance to earn good salaries. However, wage gap affects them negatively leading to low salaries compared to what men earn. This means that education cannot be used as an effective tool to close wage gap in America.
Changes that can help close wage gap in America
Over the past years, the US has been looking for effective tools against wage gap. This includes
Carrying out salary audits in companies to monitor the earnings of men and women because it helps to find the difference and pay women well.
For individuals, the states suggest that women should learn to bargain for good salaries.
Policy makers on the other hand can use executive order to promote women’s earnings.
This essay was carefully researched and professionally written by an expert at EssaysExperts.net. We offer professional essay writing services to boost your academic standing.
Importance of the Amazon River
Rivers are a great resource for every nation. In every continent there is that river that attracts the residents and even foreign to experienced great wonders of the world. Despite Nile River being widely acknowledged as the longest river, Amazon River is the largest river according to survey and research conducted by a number of historians and ecologists in the world. It averages about 7,050000 square kilometers and it drains it water from west to east in Iquitos, Peru and across Brazil and the Atlantic. The local people refer to Amazon River as El Jefe Negro to refer to an ancient god of fertility.
Amazon River is indeed a wonder and it presents many benefits to the people who rely on it within South America. The Amazon River and its tributaries are characterized by far-reaching forested areas that are flooded on rainy seasons. The river is known to rise more than 30 feet making the amazon flooded forest as the most widespread example of a great habitat type globally. The amazon basin is the largest drainage basin that changed the lives of many people in South America. Its incomparable benefits to the many people and nations out there have been matchless.
Many rivers in the world have disappeared due to human activities regardless of their sizes, but amazon has been a great wonder to treasure. And here goes the mainstay significances of the Amazon River;
- Its great ecological importance- The Amazon River helps feed the large rainforest with enough water. Plants cannot grow without enough water and with the Amazon basin which is the largest reservoir of freshwater many plants growing within the forest are not easily affected during dry seasons.
- Amazon River is a great place to tour- There are incomparable attractions within the amazon that presents great sight-seeing scenes that you can find nowhere else. Local residents and foreigners can visit the areas where river passes through and see the largest rainforest in the world and many other attractions within the region.
- Provides fresh water for domestic and industrial uses- Thousands rely on the Amazon River for fresh water whereas there many industries that use the water for industrial purposes.
- Offers thousands of fish species for consumption- There are more than 3,000 species of fish that offer enough food for the people. Hence, they offer and alternative diet for better health.
- Easy for shipping and boating- The Amazon River offer a great means of transport within many nations, thus trade has been quite effective ever since.
The Amazon River is quite substantial not only for the nations within the river basin, but also southern America in general. Despite all the afore-mentioned benefits, the Amazon River has posed many dangers to the people. There is increased pollution in the river and disease outbreak has been widespread. Plants, animals and the environment have been affected by human activities. Being the deepest and the largest river in the globe, there are dangers that came with unprofessional boating and shipping. Above all, Amazon River is a wonder of the world and every person should aid protect the river.
At EssaysExperts.net, we provide our clients with custom essays and quality services at affordable rates. Feel free to order a sample essay on importance of the Amazon River from us and rest assured of good grades.
Merlen Sparza is one of the famous Hispanic female boxers. She was introduced to Houston boxing gym at a tender age of eleven. While at the gym, she admired Rudy Silvia, a legend at the gym who was conspicuously training with men (Kahn 234). As she gazed at the people training at the gym, Merlen admired their sharp punches, fit bodies and champions. She was confident and determined to walk in the footsteps of her mentors and become a renowned boxer. Merlen continued to train against the wishes of her father and brother who opposed her boxing career. (Kimball 323).
Barely twenty years old, the 5-feet Merlen made history in 2012 in Olympics Women boxing. She was so enthusiastic about boxing that she even trained in the ring and displayed unmatched skills in punching and attacking. She wakes up at 6a.m for serious training. She later takes lunch with high protein content in order to improve her boxing skills (Sugar 245). It was joy when she raised her country’s flag after emerging winner in flyweight category in the tourney in 2012. However, some people believe that she has constantly faced weak opponents in most of the competition. For instance, she knocked out her opponent in the first round in June 2013 in Houston (Toole 234).
Merlen Sparza became a source of inspiration for most girls in Latin who had interest in boxing. Many approach her for guidance and autographs with the hope of becoming like them. They imitate her determination and boxing techniques and her knack to overcome stigma on boxing, which the world considers a male sport.
Get a well written academic paper at EssaysExperts.net.We are the best in the field.Placing your work with us assures you an automatic success.
Kahn, Roger. A Flame of Pure Fire: Jack Dempsey and the Roaring ’20s . Mariner Books , 2000.
Kimball, George. Four Kings: Leonard, Hagler, Hearns, Duran and the Last Great Era of Boxing. Mainstream Publishing, 2008.
Sugar, Angelo Dundee & Bert Randolph. My View from the Corner . McGraw-Hill , 2007.
Toole, F.X. Million Dollar Baby: Stories from the Corner. Harper Perennial , 2005.
Tourism in Kenya
Kenya is a leading tourism destination in the world. It has fascinating wildlife, biodiversity, and culture. Kenya stands out with its tourism features, like the tropical beaches, savannahs, coral reefs, snow-capped mountains, and dense equatorial forests (Busch 45). As a leading tourism destination point, Kenya attracts adventurers and explorers from all over the world.
Kenya has witnessed massive growth in tourism in the last two years. It has registered higher volumes of tourists, owing to increased movements across the country. The tourism sector accounted for 11% of the country’s GDP. It offers 18% of employment opportunities in the country. With stiff competition in air travel, Kenya’s leading carrier, Kenya Airways, KQ, has improved its efficiency and customer satisfaction. Kenya’s target is to among top ten tourist destination sites in the world (Busch 47). In recent years, Kenya has stepped up its international flights, with plans underway to have direct connection from Nairobi to New York. Today, many locals and tourists have access to air travel in Kenya. The government is also expanding air travel infrastructure nationwide to meet the ever-increasing demand for airlines. Upon realization of this dream, local and international tourists will access different parts of the country with ease.
Current Issues Affecting Tourism in Kenya
While Kenya remains a major tourism player, it faces a range of challenges. The first problem is massive destruction of wildlife. Cases of poaching are rampant in Kenya. Most poachers kill wild animals for their meat, horns and hides. Illegal trade of ivory remains a threat to rhinos and elephants in the country (Gatimu 56). This issue is thicker owing to the fact that some top politicians in the country have been linked to the illegal trade in wildlife products.
The second problem is inadequate investment capital. Kenya has limited resources like labor and land to expand the tourism sector. In addition, the government does not support the industry fully, making it hard to grow. Over the years, the government has not taken a front lead to woo locals to invest in tourism (Kimathi 56).
Poor infrastructure furthers hinders tourism development in Kenya. For example, some attraction sites in the country are inaccessible because of poor roads (Kimathi 56). Besides this, Kenya’s political landscape is delicate yet tourism thrives in a politically stable environment. A case in point, the 2007 disputed presidential elections hit the country’s tourism sectors as visitors avoided the country because of violence. However, the government has stepped up efforts to win back tourists from other parts of the world.
Natural disasters like hurricanes and floods also affect Kenya’s tourism. Most tourists shy off and avoid Kenya whenever there are such calamities. The country also suffers tribalism, which creates a volatile environment, characterised by violence and high tension. These ethnic clashes add no value to the country’s tourism sector as other countries regard Kenya as insecure (Jones and Claire 65).
Kenya also suffers shortage of social services like modern hospitals, sports and other recreational facilities. Since most tourist attraction sites are in remote areas, they are far from available services. This discourages tourists from touring such places (Laws, Bruce and Chon 43). According to Country Report (45), Kenya is technologically challenged to compete with global tourism leaders. Most of the remote tourist attraction sites lack internet, mobile network, TV and radio coverage, which put off visitors. High population also weighs negatively on Kenya’s tourism sector. Because of high population, there is competition of resources like land, leading to encroachment of reserved areas like forests and grasslands. As a result, Kenya registers high level of Human-wildlife conflict in the world.
EssaysExperts.net is the best academic writing company online.We offer the best services to our clients and ensure they excel in their academics.Be part of this winning team.Place your work with us now.
Busch, S. “Mall Attack another Blow to Kenya’s Tourism Industry” CNN, 24 Sep 2013.
Country Report. “Travel and Tourism in Kenya” Travel and Tourism, 22 Dec 2012: 44-47.
Gatimu, Simon. N. N. Tourism in Kenya, Tanzania, and Uganda: Grounded Theory Development. New Jersey: ProQuest, 2007.
Jones, Eleri, and Claire Haven-Tang. Tourism SMEs, Service Quality, and Destination Competitiveness. London: CABI, 2005.
Kimathi, Teddy. My personal critical Review concerning Slum Tourism in Kenya. London: GRIN Verlag, 2013.
Laws, Eric, Bruce Prideaux, and Chon, Kaye. S. Crisis Management in Tourism. New York: CABI, 2007.
Martin, Gill. “Wildlife, wonder and why tourism can help Kenya emerge from the shadow of terrorism Read more: http://www.dailymail.co.uk/travel/article-2451320/Wildlife-wonder-tourism-help-Kenya-emerge-shadow-terrorism.html#ixzz2jgBLao5x Follow us: @MailOnline on Twitter | DailyMail on Facebook” Mail Online 14 Oct 2013.