Business studies - asian pacific studies Essay Example | Topics and Well Written Essays - 1000 words

Business studies - asian pacific studies - Essay Example The chaebol were guaranteed loans to divert the investment form agricultural setups to industrialisation (Song, 1990). With the availability of resources and support of the government, the chaebol played a tactical role in exposing the export market for the Korean economy and placed the country among the East Asian Tigers. Most of the success of the chaebol has come from the realisation of the Korean government after in the 1960s and later that they needed the ideas and cooperation of the chaebol to implement much of the government’s plans to turn the economy away from consumer driven goods and small industries (Stiglitz, 2001). Furthermore, in return to the chaebols’ cooperation, the government would extend special favours and allow monopolistic and oligopolistic presence of these business groups to grow. In addition, these business groups were also facilitated with foreign and domestic investments as loans as the Korean government guaranteeing their return if the business group failed to. In the shade of this government support, the chaebol not only helped themselves with huge foreign investments but also benefited from access to foreign technology. Since the chaebol were the only leaders to develop the industrial sector their success came with the expansion of the South Korean exports. The chaebol were solely dominating all industrial sectors with the support of the government and in the 1980s the chaebol were financially independent and did not need any further government assistance. The chaebol were heavily invested in meeting the demand of the export market and had tailored their products in accordingly. They had completely overseen the local market and the opportunities available within the borders of Korea (Stiglitz, 2001). Moreover, by the 1990s, the chaebol had developed oligopolistic competition among themselves and had reached overcapacity which the local market could not have supported in case of a decline in the

Business Ethics Essay Example | Topics and Well Written Essays - 750 words - 2

Business Ethics - Essay Example The organizations are required to perform their activities for the welfare of humans. An organization has two common approaches for business ethics which are from shareholder and stakeholder viewpoints (Johnson and Abramov, â€Å"Business Ethics†). CSR is the responsibility of an organization for providing fair profits to the shareholders keeping in consideration the societal perspective of providing greater benefits to the communities as well. The decisions as well as activities which are performed should be beneficial for the society and stakeholders. An organization should perform operations in a transparent way in accordance with laws as well as standards for the benefit of the society (Catalyst Consortium, â€Å"What is Corporate Social Responsibility†). Business ethics and CSR are essential elements for an organization for providing fair returns to the shareholders as well as making decisions which are to be beneficial for the stakeholders and society. The shareho lder as well as stakeholder viewpoints of business ethics for an organization are the essential elements for implementing appropriate ethical values. From the perspectives of the shareholders, the decisions are made to provide a fair profit on investment. Shareholders are considered as stakeholders of an organization. These ethical values will help an organization to maintain a healthy relationship with the shareholders. Stakeholder perspective of business ethics is to perform activities or operations for the benefits of employees as well as society. The decisions of an organization are to be made for satisfying the needs of the stakeholders as well as these decisions have an impact on the people who are involved with the organization. Stakeholders are included among all those people who are a part of an organization. The key motives of an organization are to provide fair returns to the shareholders as well as to perform its activities with ethical values which are beneficial for al l those who are involved with the organization. Therefore, it is apparent that appropriate ethical decisions can be made through shareholder or stakeholder perspective of business ethics (Pfarrer, â€Å"What is the Purpose of the Firm?: Shareholder and Stakeholder Theories†). Shareholder perspective is mainly focused on the notion of generating profit for the organization. An organization is functioning with the motive of generating profit and the effectiveness of the organization is determined with the quantity of profit earned as well as on other economic factors. The primary aim of an organization is to enhance the values of the shareholders. The stakeholder perspective should be to serve the people who are involved with the organization with due consideration to the notion of improving the health of the society. This viewpoint of stakeholder should be considered as a top priority above profitability for an organization. There is a vast ethical decisions difference in term s of the perspectives of shareholders and stakeholders which clashes with profitability and responsibility of an organization (Value Based Management.net, â€Å"Shareholder Value versus Stakeholders†). The ethical values as well as CSR of an organization are to perform activities or operations with the motive of providing fair profit to the shareholder as well as serving an organization in accordance with the appropriate ethic

Starbucks coffee and dunkin donuts Case Study Example | Topics and Well Written Essays - 500 words

Starbucks coffee and dunkin donuts - Case Study Example Opportunities: Due to its global recognition, Starbucks has the opportunity to expand their international market in order to reimburse for any diminish in the US market share. They als have a great opportunity of product diversification The company has a strong branding strategy that makes their presence felt wherever they are located. In addition, to protect them from negative trend cycles, they are in the process of diversifying their specialties into baking and fresh fruit juice. The company is also an American based company, which, since its founding in 1950 has developed to be one of the principal coffee products chain in the world over with a total of 15,000 outlets in 37 different countries. Over time the chain has developed to include and serve over 1,000 items on their menu. The company’s primary competition over coffee sales is Starbucks coffee company. Strengths: The Company has a very strong name that has been established worldwide. This has created a strong brand loyalty among the customers. In addition, the business has a wide assortment of pastry from which the customers can chose from. Further, the quality services provided to customers and their retention strategies are a key strongpoint. Opportunity: The Company has a huge opportunity to increase its revenue and customer base through effective online marketing. There is also great room for expansion into newer economies and regions of the world which they have not tapped into. In addition, there’s an opportunity to diversify by introducing low calorie snacks. The company’s strategy is sort of a different approach from the norm. Instead of putting emphasis on the product and the menu, the firms aim to achieve full customer satisfaction by provision of quality service and the introduction of strategies that facilitate customer

Public Policy Essay Example for Free

Public Policy Essay Public Administration always needs funding for various aspects throughout many realms.   From grants to sidewalk repair to going green in residential homes to starting up a business and educational grants.   There are also, as we are currently seeing,   monies coming from the federal government for stimulus payments to US citizens and as proposed by our new President Elect Obama there are policies in the making for a permanent stimulus or tax rebate due to excessive oil prices and changes in healthcare.    The one thing with the majority of the monies being spoken of is that so much comes from the federal government.   This precludes any monies the states may have or have already spent, as in the end they also receive monies from federal agencies. So here we see a vicious circle of all these people needing money for one reason or another, they spend what they have, apply for grants from the federal government, the federal government says hey ok but in the end, what do we do when the federal government runs out of money?   What do states do when there is no money left to be tapped?   Do they droll at another department because that department may have the monies to continue further? Let us start with the liquor tax.   Currently the taxation goes like this; the federal government gets approximately 10% of each gallon depending on the proof or volume manufactured (each state seems to vary) of the alcohol.   The higher the proof, the more the taxes they receive.   The state on the other hand receives a much higher revenue from the tax (State Liquor Tax Rates-2008).   Each state has different programs in which the taxes collected helps finance.   The federal government should take only a specified amount, a flat tax from each state for both alcohol and tobacco and keep tally on which states they obtain these taxes from and how  much.   When these individual states run out of their own taxed revenue then when they apply for a grant, the grant acceptance and money distribution is then taken from the coffers of the federal government based upon the taxes already received into the hands of the federal government.   This keeps those federal tax dollars fo cused in one area instead of spread all over the board.   If states run out of money from the federal government through this specified mean then the balloting of measures asking for the public in general to vote on a new tax for this reason, should be implemented. Some states have public lottery games or gambling which is allowed in public places, of course with age allowances in place.   The federal government has their hands in this pie as well.   I believe that the federal government should step away and not collect taxes on this except maybe through an individual tax return, and allow the states to keep and maintain this taxation as sole entities with a fiscal report as to where these tax dollars are spent.   In addition, taxes collected on gambling should be distributed to the same entities each yr without prevail or each year change their entities of who these taxes go to, to help finance.   This would be akin to alternating weekends of work in the general public forum. Let us go a bit more local.   Each county has their county has their own form of taxation and ways to obtain revenue.   These counties should work together more as a team than what they currently do.   Instead of them allocating their funds to only the departments within (i.e. city tax on water only for water line improvement) they should all pool their monies together.   There  should be a strict fiscal plan in place that determines how much money goes where and for what.   Each department of the county should be made each year to make an honest analysis of what they will need to further any improvements that are necessary and not frivolous and based upon that information, this will determine what departments get what.   Maybe the courthouse has an upcoming need to repair a bathroom where as the dump wants a wall around their facility to improve aesthic purposes.   Which is more important?   This should be obvious.   What if the county sheriff’s department needs to have additional law enforcement but has a lack of cars?   Instead of being allowed to buy the new cars each year, cut the rate of cars bought in half and put two people to each car.   This may only mean the savings from not buying 2 or 3 cars but each dollar helps. In the end, the county has a complete record of where all the money goes to and they have all worked together as a team and not against each other due to politics and there may also be more money left over at the end of each year which will definitely lessen the amount of money asked for from the federal government. Healthcare is a big issue.   Public policy should simply enforce specific financial capping rules as to what the healthcare industry can charge for their costs, this is to include doctors and providers of insurance alike.  Ã‚   If these two entities can work together as a team regarding services, payments and insurance under more strict federal guidelines of what can be charged for these instances, then this would make these two entities work more closely together. All in all, each department of each state, county and city that implements a tax, part of each department should also allocate a small percentage of the tax revenue to a general fund for emergencies or unseen departments that may suddenly need additional fund.   This General fund should also be exhausted before applying for federal grants. Some may consider this a socialistic view regarding public administration and maybe it is, but if so then take a look into Canada’s or Europes socialization and compare these two to the country of America.   Which one is better off in the long run.   If you can determine that (and it isn’t the USA) then you can determine that they are doing something more correct.

Symptoms And Treatments In Cystic Fibrosis

Symptoms And Treatments In Cystic Fibrosis Abstract Cystic fibrosis (CF) is one of the most common genetically inherited diseases which can cause premature death in western populations, with 1 in 2000-3000 new born babies being found to be affected by Cystic fibrosis in Europe [1]. The disease is caused by defective chloride ion channels along the epithelial membrane of the lungs, pancreas and other organs; although there are several hypotheses as to how this dysfunction specifically gives rise to the typical symptoms. The complications associated with the disease are varied, the most significant being the build up of abnormally thick excess mucus which can cause impaired function of the lungs and other major organs. Fortunately research into new treatments has significantly improved the life expectancy of people suffering from this disease. This essay discusses the causes Introduction The name cystic fibrosis refers to the generation of cysts in the pancreas and the formation of excess fibrous connective tissue in the lungs. The internal organs which suffer the most damage as a result of this disease are the lungs and the pancreas; although a variety of other organs are also affected. The first clinical recognition of cystic fibrosis didnt occur until the 1930s when its symptoms were observed and characterised by Dr. Dorothy Anderson. The recessive nature of the disease was confirmed in the mid-forties after an investigation involving over one hundred families; although the defective gene that causes the disease wasnt isolated for another forty years when it was discovered in 1989 by reverse genetics. After the breakthrough in the forties general understanding of the disease increased steadily over the next couple of decades with a major clinical advancements in diagnostics occurring in the fifties with the development of the sweat test. As cystic fibrosis is the result of an autosomal recessive disorder, the sufferer will have to of inherited two copies of the mutated gene (one from each parent) in order to be affected by the disease. The mutation takes place in a single gene on chromosome 7. This faulty gene leads to the development of a defective cystic fibrosis transmembrane conductance regulator (CFTR) protein. In healthy people the CFTR proteins form ion channels to transport chlorine ions across the epithelial membrane of the lungs, pancreas, sweat glands and other organs. It is also thought to regulate the activity of other chlorine-selective channels and some cation-selective (sodium ion) channels. Ions can then pass through these channels thereby maintaining the water potential of the cells. When the fine balance of ion concentration is affected less water is able to pass across the epithelial membrane by osmosis causing excess and highly viscous mucus to build up in the affected organs, resulting in severe long-term respiratory and digestive problems. The human lungs are adapted for use in aerobic respiration by providing a thin, moist surface for gas exchange to take place between the pulmonary arteries and the external environment. For gas exchange to be effective the respiratory surface must comply with Ficks law which requires that the surface area is large, moist and thin to enhance permeability. The resulting fibrosis caused by the disease greatly affects the permeability of the lungs and hence reduces their capacity for gas exchange. Molecular mechanisms There are over 1500 types of mutation which can cause a defect in the CFTR protein, the most common of which is a deletion of phenylalanine at position 508 (à ¢Ã‹â€ Ã¢â‚¬  F508) which Is the cause of approximately two-thirds of CF cases. The mutations are categorised into six classes determined by their impact on the resulting functionality of the CFTR channels, ranging from reduced to complete non-function. Class I, II and III mutations all result in the absence or substantial reduction of functional CFTR. Class I mutations cause a complete lack of protein production due to premature stop codons arising in the genetic code whereas class II mutations produce a protein that doesnt fold properly and so is consequently degraded by the cell. In a class III mutation the lack of effective binding with ATP molecules leads to the defective regulation of CFTR and so again is classified as being non-functional. Classes IV and V still permit the development of functional CFTR albeit with reduced capacity for chloride ion transport or with reduced production of functional CFTR in general due to promoter mutations that decrease transcription [2]. Class VI mutations also produce functional CFTR although its degradation is greatly accelerated. The F508 deletion results in a class II mutation. There are four main hypotheses as to how this defective gene causes disease although it is not known whether the disease is caused by one or a combination these hypotheses. Two of these, the low volume and high salt hypotheses, provide a detailed description of the complications that arise as a result of faulty CFTR by taking into account the composition of airway surface liquid (ASL). Low volume hypothesis In the case of the low volume hypothesis it was postulated that there is little to no difference in the salt concentration of ASL between healthy people and those suffering from cystic fibrosis. This hypothesis suggests that the symptoms of cystic fibrosis are caused by a dysfunction of the CFTR gene resulting in damaged or ineffective sodium ion channels. The damage caused is ergogenic and reduces the inhibition of the ion channels leading to the excessive movement of sodium ions from the ASL into the airways. The increased concentration of positively charged sodium ions in the airways then drives the absorption of chlorine ions and water, reducing the volume of ASL and dehydrating mucus. The dehydrated mucus becomes highly viscous and the cilia present on epithelial cells which are used to aid the clearance of mucus and to increase lung surface area become compressed by the mucosal build up. This compression of cilia inhibits the clearance of mucus which then continues to build up, further reducing the lung surface area. The excess mucus can also form hypoxic niches that can harbour colonies of pseudomonas aeruginosa. Build up of mucus physically reduces the lung surface area affecting the efficiency of gas exchange. The mucus build up also increases the compression of cilia on epithelial cells which inhibits clearance by cilia and coughing. High salt hypothesis The high salt hypothesis assumes that the airway surface liquid of healthy individuals has a relatively low salt concentration when compared to the ASL of cystic fibrosis sufferers. It suggests that the symptoms of the disease are caused by the disruption or complete absence of CFTR function which causes excess sodium and chloride ions to be retained in the ASL. This increased retention of chloride ions leads to the ASL having an abnormally negatively charged composition. This abnormality impairs the activity of the bodys natural bactericidal enzymes such as lysozyme which rely on electrostatic interactions to attach to the bacterial cell walls; thus allowing bacterial infection to persist in the hypoxic niches formed within the lungs. Abnormally high inflammation It has been speculated that the defective CFTR itself may be the cause of excessive inflammation in the airways. However there is limited evidence to suggest that the defective CFTR is a cause of excessive inflammation in itself but rather that it interferes with the regulation of autophagy. Autophagy is the process by which defective proteins are degraded in order to maintain the balance between the recycling and synthesis of cellular products, for example the degradation of defective CFTR by the cells own lysosomes. Research indicates that large amounts of defective CFTR inhibits autophagy, leading to an accumulation of aggresomes which can cause inflammation in the lungs [3]. The resulting inflammation is what gives rise to the characteristic scarring of lung tissue. CFTR bind with P. Aeruginosa Chronic bacterial infection is common amongst all cystic fibrosis sufferers, specifically the bacterial species pseudomonas aeruginosa which binds readily to the CFTR protein. In healthy people the body initiates an immune response in order to fight off the infection. In cystic fibrosis suffers there is enhanced binding between p. Aeruginosa and the CFTR protein, the bacterium is also able to bind without initiating an immune response. The compromised immune response combined with reduced ability to clear mucus due to compressed cilia further increases the risk of severe infection. Symptoms Visible characteristics typical amongst suffers include a slightly meagre appearance due to inefficient absorption of nutrients and the famously salty sweat used to confirm CF diagnosis. Low levels of oxygen in the tissues due to impaired gas exchange between the lungs and the bloodstream can cause clubbing of the fingers and toes Salty sweat The salty sweat associated with the disease like so many of its symptoms is again caused by faulty CFTR present on the sweat ducts. As sodium ions leave the sweat ducts through ion channels chloride ions follow through them through the CFTR protein channels. However, in cystic fibrosis patients dysfunctional CFTR channels prevent the outward flow of chloride ions from the sweat ducts. The resulting high chloride ion concentration in sweat ducts creates an electrochemical gradient which pulls more positively charged sodium ions into the ducts where the ions combine to form salt (NaCl). The salt is then secreted through pores in the skin resulting in very salty sweat as very little NaCl is reabsorbed. Salt sweat concentration of greater than 60mEq/L is generally considered significant enough to make a diagnosis, although further test may be required. Although poor growth can pose its own health risks the most severe symptoms are caused by the diseases capacity to cause damage to the internal organs. Endocrine CF is commonly referred to as an exocrine disorder meaning the resulting dysfunction affects glands which secrete their products through a duct to the surface of the body or of an organ, sweat glands and pancreatic ducts being an example of this. However some complications can arise in the bodys endocrine glands, glands which secrete their product directly into the bloodstream. Disorders of the endocrine glands tend to affect the secretion of hormones. Damage to the islets of langerhans within the pancreas can impair the secretion of insulin which can eventually lead to CF related diabetes. Pulmonary Lungs are the predominant source of infection, vulnerable to different species of bacteria although P. Aeruginosa becomes predominant; eventually these bacterial colonies form a biofilm which is difficult to remove with antibiotic treatments. The thickening of mucus creates environmental niches suitable for harbouring bacteria. High levels of infection result in an inflammatory response which often leads to extensive tissue damage and scarring regarded as the characteristic fibrosis of the lungs. The resulting fibrosis damages the epithelium of the lungs, making gas-exchange inefficient. Thick mucus also physically reduces the surface area Implications for other organs The lungs arent the only organs that suffer damage as a result of cystic fibrosis Diverse range of other organs affected, majority of these form a part of the alimentary system Lacking digestive enzymes in the intestines Absence of these digestive enzymes impair patients ability to breakdown and therefore digest their food. This generally results in poor growth but in extreme cases can cause severe malnutrition. Alimentary system all digestive systems The formation of cysts blocks ducts in the liver and pancreas preventing the secretion of essential digestive enzymes and hormones. Blocked ducts prevent secretion of enzymes/hormones? Mainly the pancreas which affects absorption of nutrients and can lead to poor growth in suffers Blockage of ducts in the liver New born babies can suffer from meconium ileus, an inability to pass their first faeces (meconium). The resulting ileus can cause blockages in the intestines that can cause rectal prolapse due to the strain involved in producing a bowel movement. Common associations between cases of meconium ileus and CF led to it being used as a postnatal diagnostic technique. Excess viscous mucus isnt only a problem in the lungs. Organs of the alimentary system can also be affected. Thick mucus can block pancreatic ducts preventing the secretion of vital digestive enzymes into the duodenum. The body is then unable to effectively extract nutrients from the ingested foods. Malabsorption is a common symptom of CF generally resulting in poor growth but in extreme cases can cause severe malnutrition. Fertility problems Fertility problems related to CF usually occur before birth whilst the foetus is still developing. Blocking of or complete absence of the connective tube (vas deferens) between the testes and ejaculatory ducts in males means that although they are not sterile they are unable to conceive children by traditional intercourse. In women thick mucus can cause blockages in the cervix or their ovulation cycle may be disrupted malnutrition as a result of CF related enzyme deficiencies. More than 95% of males with CF are infertile. Percentage of CF infertile source world health organisation Treatments Unfortunately there is currently no cure for CF however there are several treatments that can alleviate some of the symptoms associated with the disease, such as the use of hypertonic saline and enzyme replacement. Treatments such as gene therapy are more geared towards creating a permanent cure for CF, although at this moment in time the technology has not been perfected. Pharmacological treatments Fortunately the CFTRs are not the only chloride ion channels available on lung surface epithelium. Certain drugs can stimulate these other channels. Rcjournal. Stimulate the release of calcium or inhibit sodium channels to offset negative effects of whatever hypothesis. Hypertonic saline Major complications of CF stem from the imbalance in ion concentrations caused by the faulty CFTR gene. From this knowledge a line of treatments were developed in order to restore the ionic imbalance and hence improve the bodys ability to clear thick mucus from the lungs. The answer would need to be a sterile solution; high in salts that could be inhaled to replace the ions which werent being transported across the CFTR channels. The solution, hyper tonic saline, is a cheap and effective treatment for reducing the viscosity of mucus in the lungs. After it is inhaled the solution works by creating an osmotic gradient, drawing water into the airways, rehydrating the mucus causing blockages and reducing its viscosity hence making it easier to cleared and coughed up. Enzyme replacement Enzymes can be *injected* to restore the deficiency created by blockages of pancreatic ducts. Patients undergoing enzyme replacement therapy can expect to see improvements in growth, weight gain and general health as many illnesses arise from poor absorption of nutrients. Nutritional supplements can also be taken to replace those not being absorbed normally. Important short term treatments are giving nutritional supplements to sufferers to relieve malnourishment and promote healthy growth Nutritional plans generally involve high calorie diets rich in vitamins such as vitamin D to develop strong bones and prevent osteoporosis. Gene therapy Soon after the discovery of the defective gene in 1989 efforts were invested in finding a therapy that could target the disease at its genetic roots. Discovery of an effective method of gene therapy would open a virtual goldmine in treating not only cystic fibrosis but also other genetic diseases. One of the current gene therapy techniques for the treatment of CF involves the use of adenoviruses carrying vectors containing corrected copies of the CFTR gene. The adenoviruses carry double stranded DNA which is deposited in the nucleus of the host cell and then transcribed in the same way as the host cells own DNA. However, as this is an example of somatic gene therapy, the DNA of the adenovirus wont integrate with the host genome and the gene will not continue to be expressed after cellular division. This means the effects are not permanent and patients will require subsequent treatments to maintain the effect. There are of course risks associated with the use of viruses to incorporate functional DNA. Even though the viruses being used are non-pathogenic the presence of a foreign body can still initiate an immune response; the resulting inflammation can be dangerous for patients who are already at high risk of excessive inflammation due to immunocomprimisation. An alternative to adenoviruses are adeno-associated viruses (AAV). AAV vectors are non-pathogenic and have been shown to have a lower prevalence to neutralising antibodies when com pared to adenoviruses in vitro [4]. However they do have a relatively small genome of ~4.8 kilobases, with most gene treatments requiring the complete replacement of the viral genome. As a result of this, research is being targeted towards more effective means of gene therapy with tests being carried out with AAV and lipid-vectors. There is a trade off between the effectiveness of the method used to induce the vector. Viral vectors are more effective at integrating the vector into the host DNA compared to lipid vectors, but there is the increased risk of an immune response. Lung transplant In the most severe cases where patients are suffering from chronic infection lung transplants can be carried out where appropriate. In these cases both lungs need to be transplanted in order to prevent the new lung from being contaminated by existing bacterial populations currently present in the patient. Antibiotics Antibiotics tend to be used prophylacticaly as a pre-emptive measure for preventing infection. One common type of drugs used in treatments are macrolide antibiotics can suppress obstructive secretions in airways The macrolide antibiotics work by binding to the 50s subunit of the bacterial ribosome, thereby inhibiting protein synthesis. Conclusion The overall outlook for patients with CF has improved dramatically over the past eighty years since the first clinical recognition in the 1930s. A greater understanding of genetics has enhanced both the fields of clinical diagnostics and treatments. The future of treatments points towards gene therapy, we currently have the technology to do this but further research is needed to overcome the major obstacles such as more efficient transfer and getting the gene expression to last longer. [*http://www.who.int/genomics/public/geneticdiseases/en/index2.html#CF] http://www.medscape.com/viewarticle/576200_2 http://www.nature.com/ncb/journal/v12/n9/full/ncb2090.html http://www.nature.com/gt/journal/v6/n9/full/3300994a.html Figure 1. Sweat chloride concentrations related to cystic fibrosis (CF) diagnosis. Revised and reprinted by permission from Davis PB. Cystic fibrosis. Pediatr Rev 2001;22:257-264.Figure 1

History of the Berlin Wall :: Germany War Wall History Essays

The Berlin Wall separated the people of East Berlin from the people in West Berlin. It separated families, kept people from their jobs, and caused people to die. It was erected in an effort to save East Berlin’s economy, but in the end it did so much more. The fleeing of residents of East Berlin to West Berlin affected the Soviet Union and East Berlin in two ways. The first of which was economic. By 1958, 15% of the population of East Berlin had fled to West Berlin. East Berlin’s economy provided much for the Soviets and among these 15% were doctors, lawyers, businessmen, and other essential figures for the East Berlin economy. The birth rate in East Berlin was higher than the death rate, but still 250,000 people were leaving every year. In 1961 alone, 5,000 doctors, 20,000 engineers and technicians, and 17,000 teachers left East Berlin. All together in the years from 1954 through 1960, 4,600 doctors, 15,885 teachers, 738 university teachers, 15,536 engineers and technicians moved from East Berlin to West Berlin. Besides these professionals, 11,705 students with initial intentions of working in East Berlin left to work in West Berlin after getting their free education from East Berlin. This hit East Berlin very hard, for it needed these potential workers to rebuild the country after the destruction caused by World War II.   Ã‚  Ã‚  Ã‚  Ã‚  Walter Ulbricht, the leader of the East German communist party and president of the Privy Council, was greatly distressed by the fleeing of East Berlin’s citizens, for it hurt his 7 year plan to bring East Berlins economy to the same level as West Berlin’s. Walter Ulbricht ordered regular police spot checks of anyone carrying a suitcase, but this barely had any impact on the number of East Berlin citizens fleeing. Citizens making many trips with very little baggage at once easily avoided them. Ulbricht tried very hard to convince Soviet Union to take over West Berlin, but the Soviet Union wanted to keep peace with westerners. Finally, the Soviet leader, Stalin, backed Ulbricht and declared that West Berlin must be turned into a â€Å"free city† in six months. The Western powers did not comply with these demands and Stalin, after six months, did nothing in retaliation for being ignored.   Ã‚  Ã‚  Ã‚  Ã‚  During the six months that Stalin spoke of, the citizens of East Berlin feared their time was running short to flee to West Berlin, so in those six months, more people fled than had previously been fleeing.

Financial Planning Essay

1.How can using personal financial planning tools help you improve your financial situation? Describe changes you can make in at least three areas. Personal financial planning helps you create a stable future and improve helps create a stable future and improve your financial status by creating a plan that lets you save and invest your money so that it can start working for you. A comprehensive financial plan can enhance the quality of your life and increase satisfaction by reducing uncertainly about your future needs and resources. The advantages of personal financial planning can 1. Increase effectiveness in obtaining, using, and protecting your financial resources throughout your lifetime. Secondly, increase control of your financial affairs by avoiding excessive debt, bankruptcy and dependence on others for economic security. Lastly, improve personal relationships resulting from well planes and effectively communicated financial decisions. A sense of freedom from financial worrie s obtained by looking to the future, anticipating expenses, and achieving your personal economic goals. 2.Explain the life cycle of financial plans and their role in achieving your financial goals. Financial and personal satisfaction is the result of an organized process that is commonly referred to as personal money management or personal financial planning. Personal financial planning is the process of managing your money to achieve personal satisfaction. Every person, family or household has a unique financial position, and any financial activity therefore must also be carefully planned to meet specific needs and goals. To achieve these and other goals, people need to identify and set priorities. 3.Discuss the reasons for the changes in your goals and how you’ll need to adapt your financial plans as a result. For many families, one of the biggest sources of disagreements and aggravation is the subject of family financial planning. Before I became a mom I planned on just having fun, shopping all the time and taking road trips but the reason for the changes in my goal is because I have a daughter now I have to think about her and not just myself. Having control of my finances means a lot more than just getting control of money. It means getting a handle on my habits both thinking and spending as well as my short and long term goals. I need to  adapt my financial plans by building new habits, reducing stress, controlling my spending and aligning priorities. 4.How should you use this information to make personal financial and career planning decision? After reading the current and projected trends with regard to the GDP growth, unemployment, and inflation. I plan to finance wisely and not spend money all crazy without a care in the world. I have a family now and I don’t want my daughter to struggle like I have too. As for my career I plan to have short and long term goals. I don’t expect to stay in one field, I always had the mindset to where I want to expand and explore different career path. I know things happen and the economy can be pretty messed up and I don’t want to end up jobless and have to stress about finding a new job so I plan to go beyond the dream I am chasing. However, just in case I was to end jobless smartly financial planning is a good thing to do because I can have money already in the bank and be able to pay my bills without going into debt. No one likes to struggle because all it does is cause s tress and problems, so I plan to stay on the right track and that is continuing going to school and providing a stable life for my family.