My parents My role model Essay

Many times in life, we come across a tough, influential person who leaves a great and powerful impact on our lives. When you hear the words â€Å"role model in your life†, who or what do you think of? When I hear it a string of actors, musicians, athletes and, celebrities Over the years, the concept of a essay on  role model has changed from fictional â€Å"heroes† seen in movies, comics, and stories to average people that make an exceptional impact on someone’s life. A role of parents in our life model need not necessarily be a celebrity. A role model in life  can be family, teacher, friend or just a stranger, social worker, a leader etc. who did something that changes your thoughts and decisions about life. And for me my role model are my parents in this essay. My father is my role model are my parents because they posses the quality of a good parent. I know, they are not perfect but they carry the virtue and quality of a parent that everyone could wish for . see more:muet speaking tips Importance of parents in our life My parents are very responsible, good provider, committed to their duties and responsibilities, loving and determined in pursuing their plans to nurture us with good values and norms so that we will became responsible,well-disciplined, God-loving and taught us to love others, as we grow old. my parents make sure that they provide us what we need and they do their best, even in the midst of hardships. They do not stop or even pause in fulfilling their duties and responsibilities as a parent. They always seek a solution or find ways to keep our life better and meaningful. My parents always show and teach us the good values so that we can past it on to the next generation. They are always there to support us in our endeavor and in pursuing our dreams. They are very supportive especially when I need to decide on my own, they are always there on my side, not to be hindered in my plans but instead to give advice and support that I needed most. My parents make sure that they are on my side in every step of the way of our life. My role model speech My parents are essay on my role model because I want to be like them, the way they nurtured us Parents are the first role models for their children. Children look up to their parents with love and trust and at least in the formative years they try to follow closely the example set by their parents. It is imperative that parents be positive, pro-social models that lead by example so that their children learn to be emotionally intelligent and deal with all kinds of people while nurturing loving relationships as they grow up. In a busy world that is becoming increasingly indifferent to the weak, the old and the vulnerable, parents should show  their children that honesty, courage, mercy, love and tolerance are as important as brilliant feats of mind and body are to retain the worlds sanity. We owe it to our children. Works Cited Ostermann, Samuel H. Role Model. Hamilton, N.Z., X Street Two, 2010. â€Å"Role Model.† Wikipedia, Wikimedia Foundation, en.wikipedia.org/wiki/Role_model.

Biochip

[pic] (Life on a Chip) (PAPER UNDER THE THEME:†BIOCOMPUTING & INFORMATICS†) ABSTRACT â€Å"A single electronic card may replace everything in your wallet including. . . . . . your cash . . . your credit cards . . . your ATM card . . . your ID cards . . . your insurance . . . and your life FUTURE One card, or one chip, with your life on it. † â€Å"Biochips†-The most exciting future technology is an outcome of the fields of Computer science, Electronics & Biology. Its a new type of bio-security device to accurately track information regarding what a person is doing, and who is to accurately track information regarding what he is doing, and who is actually doing it. It’s no more required with biochips the good old idea of remembering pesky PINs, Passwords, & Social security numbers . No more matters of carrying medical records to a hospital, No more cash/credit card carrying to the market place; everything goes embedded in the chip†¦. Every thing goes digitalized. No more hawker tricks on the internet†¦.! Biochip has a variety technique for secured E-money transactions on the net. The power of biochips exists in capability of locating lost children, downed soldiers, and wandering Alzheimer patients. Our contributions to this paper lie in the aspects of â€Å"Implementation of Glucose detector in Biochips† †Implementation of Oxygen sensor in Biochips† 4. â€Å"Implementation of Blood pressure sensor in Biochips† 5. â€Å"Proposal of Solution for the typical theft problem faced by the Biochips† The four contributions have been discussed in detail with the proposed principles for implementation of the concepts. A simple ID chip is already walking around in tens of thousands of individuals, but all of them are pets. Companies such as AVID (Norco, Calif. ), Electronic ID, Inc. (Cleburne, TX. ), and Electronic Identification Devices, Ltd. (Santa Barbara, Calif. ) sell both the chips and the detectors. The chips are of the size of an uncooked grain of rice, small enough to be injected under the skin using a hypodermic syringe needle. They respond to a signal from the detector, held just a few feet away, by transmitting out an identification number. This number is then compared to database listings of registered pets. The Biochip tagging for humans has already started†¦Rush out for your tag!!!!! INTRODUCTION:- Biochips are any microprocessor chips that can be used in Biology. The biochip technology was originally developed in 1983 for monitoring fisheries, it’s use now includes, over 300 zoos, over 80 government agencies in at least 20 countries, pets (everything from lizards to dogs), electronic â€Å"branding† of horses, monitoring lab animals, fisheries, endangered wildlife, automobiles, garment tracking, hazardous waste, and humans. Biochips are â€Å"silently† inching into humans. For instance, at least 6 million medical devices, such as artificial body parts (prosthetic devices), breast implants, chin implants, etc. , are implanted in people each year. And most of these medical devices are carrying a â€Å"surprise† guest — a biochip. In 1993, the Food and Drug Administration passed the Safe Medical Devices Registration Act of 1993, requiring all artificial body implants to have â€Å"implanted† identification — the biochip. So, the yearly, 6 million recipients of prosthetic devices and breast implants are â€Å"biochipped†. To date, over 7 million animals have been â€Å"chipped†. The major biochip companies are A. V. I. D. (American Veterinary Identification Devices), Trovan Identification Systems, and Destron-Fearing Corporation. THE BIOCHIP TECHNOLOGY The current, in use, biochip implant system is actually a fairly simple device. Today’s, biochip implant is basically a small (micro) computer chip, inserted under the skin, for identification purposes. The biochip system is radio frequency identification (RFID) system, using low-frequency radio signals to communicate between the biochip and reader. THE BIOCHIP IMPLANT SYSTEM CONSISTS OF TWO COMPONENTS: [pic] |[pic]  Ã‚  Ã‚   | | |PERSPECTIVE OF | | |THE ACTUAL SIZE | THE TRANSPONDER: The transponder is the actual biochip implant. It is a passive transponder, meaning it contains no battery or energy of its own. In comparison, an active transponder would provide its own energy source, normally a small battery. Because the passive biochip contains no battery, or nothing to wear out, it has a very long life, up to 99 years, and no maintenance. Being passive, it's inactive until the reader activates it by sending it a low-power electrical charge. The reader â€Å"reads† or â€Å"scans† the implanted biochip and receives back data (in this case an identification number) from the biochip. The communication between biochip and reader is via low-frequency radio waves. The biochip transponder consists of four parts: 1. computer Microchip: The microchip stores a unique identification number from 10 to 15 digits long. The storage capacity of the current microchips is limited, capable of storing only a single ID number. AVID (American Veterinary Identification Devices), claims their chips, using an nnn-nnn-nnn format, has the capability of over 70 trillion unique numbers. The unique ID number is â€Å"etched† or encoded via a laser onto the surface of the microchip before assembly. Once the number is encoded it is impossible to alter. The microchip also contains the electronic circuitry necessary to transmit the ID number to the â€Å"reader†. 2. Antenna Coil: This is normally a simple, coil of copper wire around a ferrite or iron core. This is tiny primitive radio antenna â€Å"receives and sends† signals from the reader or scanner. 3. Tuning Capacitor: The capacitor stores the small electrical charge (less than 1/1000 of a watt) sent by the reader or scanner, which activates the transponder. This â€Å"activation† allows the transponder to send back the ID number encoded in the computer chip. Because â€Å"radio waves† are utilized to communicate between the transponder and reader, the capacitor is â€Å"tuned† to the same frequency as the reader. 4. Glass Capsule: The glass capsule â€Å"houses† the microchip, antenna coil and capacitor. It is a small capsule, the smallest measuring 11 mm in length and 2 mm in diameter, about the size of an uncooked grain of rice. The capsule is made of biocompatible material such as soda lime glass. After assembly, the capsule is hermetically (air-tight) sealed, so no bodily fluids can touch the electronics inside. Because the glass is very smooth and susceptible to movement, a material such as a polypropylene polymer sheath is attached to one end of the capsule. This sheath provides a compatible surface which the bodily tissue fibers bond or interconnect, resulting in a permanent placement of the biochip. BIOCHIP AND SYRINGE | |[pic] | The biochip is inserted into the subject with a hypodermic syringe. Injection is safe and simple, comparable to common vaccines. Anesthesia is not required nor recommended. In dogs and cats, the biochip is usually injected behind the neck between the shoulder blades. Trovan, Ltd. , markets an implant, featuring a patented â€Å"zip quill†, whi ch you simply press in, no syringe is needed. According to AVID â€Å"Once implanted, the identity tag is virtually impossible to retrieve. . The number can never be altered. † THE READER: The reader consists of an â€Å"exciter† coil which creates an electromagnetic field that, via radio signals, provides the necessary energy (less than 1/1000 of a watt) to â€Å"excite† or â€Å"activate† the implanted biochip. The reader also carries a receiving coil that receives the transmitted code or ID number sent back from the â€Å"activated† implanted biochip. This all takes place very fast, in milliseconds. The reader also contains the software and components to decode the received code and display the result in an LCD display. The reader can include a RS-232 port to attach a computer. WORKING OF A BIOCHIP: The reader generates a low-power, electromagnetic field, in this case via radio signals, which â€Å"activates† the implanted biochip. This â€Å"activation† enables the biochip to send the ID code back to the reader via radio signals. The reader amplifies the received code, converts it to digital format, decodes and displays the ID number on the reader's LCD display. The reader must normally be between 2 and 12 inches near the biochip to communicate. The reader and biochip can communicate through most materials, except metal. THE APPLICATIONS: 1. With a biochip tracing of a person/animal , anywhere in the world is possible: Once the reader is connected to the internet, satellite and a centralized database is maintained about the biochipped creatures, It is always possible to trace out the personality intended. 2. A biochip can store and update financial, medical, demographic data, basically everything about a person: An implanted biochip can be scanned to pay for groceries, obtain medical procedures, and conduct financial transactions. Currently, the in use, implanted biochips only store one 10 to 15 digits. If biochips are designed to accommodate with more ROM & RAM there is definitely an opportunity. A biochip leads to a secured E-Commerce systems : It’s a fact; the world is very quickly going to a digital or E-economy, through the Internet. It is expected that by 2008, 60% of the Business transactions will be performed through the Internet. The E-money future, however, isn't necessarily secure. The Internet wasn't built to be Fort Knox. In the wrong hands, this powerful tool can turn dangerous. Hackers have already broken into bank files that were 100% secure. A biochip is the possible solution to the â€Å"identification and security† dilemma faced by the digital economy. This type of new bio-security device is capable of accurately tracking information regarding what users are doing, and who are to accurately track information regarding what users are doing, and who is actually doing it. Biochips really are potent in replacing passports, cash, medical records: The really powered biochip systems can replace cash, passports, medical & other records! It’s no more required to carry wallet full cash, credit/ATM cards, passports & medical records to the market place. Payment system, authentication procedures may all be done by the means Biochips. 4. Medicinal implementations of Biochips : A New Era Proposed by us 1. Biochip as Glucose Detector : The Biochip can be integrated with a glucose detector. The chip will allow diabetics to easily monitor the level of the sugar glucose in their blood. Diabetics currently use a skin prick and a hand-held blood test, and then medicate themselves with insulin depending on the result. The system is simple and works well, but the need to draw blood means that most diabetics don't test themselves as often as they should. Although they may get away with this in the short term, in later life those who monitored infrequently suffer from blindness, loss of circulation, and other complications. The solution is more frequent testing, using a less invasive method. The biochip will sit underneath the skin, sense the glucose level, and send the result back out by radio-frequency communication. Proposed principle of Glucose detection: A light-emitting diode (LED) in the biochip starts off the detection process. The light that it produces hits a fluorescent chemical: one that absorbs incoming light and re-emits it at a longer wavelength. The longer wavelength of light is then detected, and the result is sent to a control panel outside the body. Glucose is detected because the sugar reduces the amount of light that the fluorescent chemical re-emits. The more glucose there is the less light that is detected. Biochip as Oxygen sensor: The biochip can also be integrated with an oxygen sensor . The oxygen sensor will be useful not only to monitor breathing in intensive care units, but also to check that packages of food, or containers of semiconductors stored under nitrogen gas, remain airtight. Proposed principal of Oxygen sensor in Biochip: The oxygen-sensing chip sends light pulses out into the body. The light is absorbed to varying extents, depending on how much oxygen is being carried in the blood, and the chip detects the light that is left. The rushes of blood pumped by the heart are also detected, so the same chip is a pulse monitor. 2. Biochip as an Blood Pressure sensor: In normal situations, The Blood Pressure of a healthy Human being is 120/80 mm of Hg. A Pressure ratio lower than this is said to be â€Å"Low BP â€Å" condition & A Pressure ratio more than this is â€Å"High BP† condition. Serious Effects will be reflected in humans during Low & High BP conditions; it may sometimes cause the death of a Person. Blood Pressure is checked with BP Apparatus in Hospitals and this is done only when the patient is abnormal. However, a continuous monitoring of BP is required in the aged people & Patients. A huge variety of hardware circuitry (sensors) is available in electronics to detect the flow of fluid. It’s always possible to embed this type of sensors into a biochip. An integration of Pressure (Blood Flow) detecting circuits with the Biochip can make the chip to continuously monitor the blood flow rate & when the pressure is in its low or high extremes it can be immediately informed through the reader hence to take up remedial measures. Typical Problem of Biochips: A Solution Proposed – The Lock: Problem before the world A chip implant would contain a person’s financial world, medical history, health care — it would contain his electronic life†. If cash no longer existed and if the world’s economy was totally chip oriented; — there would be a huge â€Å"black-market† for chips! Since there is no cash and no other bartering system, criminals would cut off hands and heads, stealing â€Å"rich-folks† chips. â€Å"It is very dangerous because once kidnappers get to know about these chips, they will skin people to find them,† (New York Times, June 20, 1999) The typical solutions won’t work well are already proposed by different people: The Biochip must retain data only if it is placed in a fluid medium like blood & not in any other medium. This technique is unsuitable for identification of dead bodies (murdered by the kidnappers) as it loses the data about the social security number. 3. The data in the Biochip must be erased if it is exposed to sunlight/air. This technique is unsuitable as transplantation of biochip from genuine to the fraud in darkness (by means of infrared light) or in the vacuum (by means of oxygen cylinders). And many such†¦Ã¢â‚¬ ¦.!!!!!!!! Our key: The solution Proposed by me: A generic & existing model of Biochips consists of only ROM component in it and is capable of accommodating the data such as social security number, Passport number, bankcard number etc. , which are normally permanent in nature. The induction of RAM component in addition to ROM & storing the Bankcard, Financial details which causes the problem is a mere solution. As RAM needs to be continuously charged inorder to retain the data, Current can be supplied to the chip either from the electrical energy produced in the cells or by converting the heat energy in our body to electrical energy. Once if the chip is taken out from the human body RAM immediately loses the Power supply from the human body; thus information in the RAM is lost and therefore is useless for the kidnappers. However this technique will not affect the data in ROM i. e. Social security number that can be used to detect the address of the dead bodies that were unidentified. CONCLUSION The Cyber Future InfoTech will be implanted in our bodies. A chip implanted somewhere in human bodies might serve as a combination of credit card, passport, driver's license, personal diary. No longer would it be needed to worry about losing the credit cards while traveling. A chip inserted into human bodies might also give us extra mental power. The really fascinating idea is under fast track research â€Å"but we're close. † The day in which we have chips embedded in our skins is not too far from now. â€Å"This is science fiction stuff. † †This is a true example to prove science really starts s with fiction†. BIBLOGRAPHY:- www. mrgco. com www. anl. gov www. freepatentsonline. com Biochip [pic] (Life on a Chip) (PAPER UNDER THE THEME:†BIOCOMPUTING & INFORMATICS†) ABSTRACT â€Å"A single electronic card may replace everything in your wallet including. . . . . . your cash . . . your credit cards . . . your ATM card . . . your ID cards . . . your insurance . . . and your life FUTURE One card, or one chip, with your life on it. † â€Å"Biochips†-The most exciting future technology is an outcome of the fields of Computer science, Electronics & Biology. Its a new type of bio-security device to accurately track information regarding what a person is doing, and who is to accurately track information regarding what he is doing, and who is actually doing it. It’s no more required with biochips the good old idea of remembering pesky PINs, Passwords, & Social security numbers . No more matters of carrying medical records to a hospital, No more cash/credit card carrying to the market place; everything goes embedded in the chip†¦. Every thing goes digitalized. No more hawker tricks on the internet†¦.! Biochip has a variety technique for secured E-money transactions on the net. The power of biochips exists in capability of locating lost children, downed soldiers, and wandering Alzheimer patients. Our contributions to this paper lie in the aspects of â€Å"Implementation of Glucose detector in Biochips† †Implementation of Oxygen sensor in Biochips† 4. â€Å"Implementation of Blood pressure sensor in Biochips† 5. â€Å"Proposal of Solution for the typical theft problem faced by the Biochips† The four contributions have been discussed in detail with the proposed principles for implementation of the concepts. A simple ID chip is already walking around in tens of thousands of individuals, but all of them are pets. Companies such as AVID (Norco, Calif. ), Electronic ID, Inc. (Cleburne, TX. ), and Electronic Identification Devices, Ltd. (Santa Barbara, Calif. ) sell both the chips and the detectors. The chips are of the size of an uncooked grain of rice, small enough to be injected under the skin using a hypodermic syringe needle. They respond to a signal from the detector, held just a few feet away, by transmitting out an identification number. This number is then compared to database listings of registered pets. The Biochip tagging for humans has already started†¦Rush out for your tag!!!!! INTRODUCTION:- Biochips are any microprocessor chips that can be used in Biology. The biochip technology was originally developed in 1983 for monitoring fisheries, it’s use now includes, over 300 zoos, over 80 government agencies in at least 20 countries, pets (everything from lizards to dogs), electronic â€Å"branding† of horses, monitoring lab animals, fisheries, endangered wildlife, automobiles, garment tracking, hazardous waste, and humans. Biochips are â€Å"silently† inching into humans. For instance, at least 6 million medical devices, such as artificial body parts (prosthetic devices), breast implants, chin implants, etc. , are implanted in people each year. And most of these medical devices are carrying a â€Å"surprise† guest — a biochip. In 1993, the Food and Drug Administration passed the Safe Medical Devices Registration Act of 1993, requiring all artificial body implants to have â€Å"implanted† identification — the biochip. So, the yearly, 6 million recipients of prosthetic devices and breast implants are â€Å"biochipped†. To date, over 7 million animals have been â€Å"chipped†. The major biochip companies are A. V. I. D. (American Veterinary Identification Devices), Trovan Identification Systems, and Destron-Fearing Corporation. THE BIOCHIP TECHNOLOGY The current, in use, biochip implant system is actually a fairly simple device. Today’s, biochip implant is basically a small (micro) computer chip, inserted under the skin, for identification purposes. The biochip system is radio frequency identification (RFID) system, using low-frequency radio signals to communicate between the biochip and reader. THE BIOCHIP IMPLANT SYSTEM CONSISTS OF TWO COMPONENTS: [pic] |[pic]  Ã‚  Ã‚   | | |PERSPECTIVE OF | | |THE ACTUAL SIZE | THE TRANSPONDER: The transponder is the actual biochip implant. It is a passive transponder, meaning it contains no battery or energy of its own. In comparison, an active transponder would provide its own energy source, normally a small battery. Because the passive biochip contains no battery, or nothing to wear out, it has a very long life, up to 99 years, and no maintenance. Being passive, it's inactive until the reader activates it by sending it a low-power electrical charge. The reader â€Å"reads† or â€Å"scans† the implanted biochip and receives back data (in this case an identification number) from the biochip. The communication between biochip and reader is via low-frequency radio waves. The biochip transponder consists of four parts: 1. computer Microchip: The microchip stores a unique identification number from 10 to 15 digits long. The storage capacity of the current microchips is limited, capable of storing only a single ID number. AVID (American Veterinary Identification Devices), claims their chips, using an nnn-nnn-nnn format, has the capability of over 70 trillion unique numbers. The unique ID number is â€Å"etched† or encoded via a laser onto the surface of the microchip before assembly. Once the number is encoded it is impossible to alter. The microchip also contains the electronic circuitry necessary to transmit the ID number to the â€Å"reader†. 2. Antenna Coil: This is normally a simple, coil of copper wire around a ferrite or iron core. This is tiny primitive radio antenna â€Å"receives and sends† signals from the reader or scanner. 3. Tuning Capacitor: The capacitor stores the small electrical charge (less than 1/1000 of a watt) sent by the reader or scanner, which activates the transponder. This â€Å"activation† allows the transponder to send back the ID number encoded in the computer chip. Because â€Å"radio waves† are utilized to communicate between the transponder and reader, the capacitor is â€Å"tuned† to the same frequency as the reader. 4. Glass Capsule: The glass capsule â€Å"houses† the microchip, antenna coil and capacitor. It is a small capsule, the smallest measuring 11 mm in length and 2 mm in diameter, about the size of an uncooked grain of rice. The capsule is made of biocompatible material such as soda lime glass. After assembly, the capsule is hermetically (air-tight) sealed, so no bodily fluids can touch the electronics inside. Because the glass is very smooth and susceptible to movement, a material such as a polypropylene polymer sheath is attached to one end of the capsule. This sheath provides a compatible surface which the bodily tissue fibers bond or interconnect, resulting in a permanent placement of the biochip. BIOCHIP AND SYRINGE | |[pic] | The biochip is inserted into the subject with a hypodermic syringe. Injection is safe and simple, comparable to common vaccines. Anesthesia is not required nor recommended. In dogs and cats, the biochip is usually injected behind the neck between the shoulder blades. Trovan, Ltd. , markets an implant, featuring a patented â€Å"zip quill†, whi ch you simply press in, no syringe is needed. According to AVID â€Å"Once implanted, the identity tag is virtually impossible to retrieve. . The number can never be altered. † THE READER: The reader consists of an â€Å"exciter† coil which creates an electromagnetic field that, via radio signals, provides the necessary energy (less than 1/1000 of a watt) to â€Å"excite† or â€Å"activate† the implanted biochip. The reader also carries a receiving coil that receives the transmitted code or ID number sent back from the â€Å"activated† implanted biochip. This all takes place very fast, in milliseconds. The reader also contains the software and components to decode the received code and display the result in an LCD display. The reader can include a RS-232 port to attach a computer. WORKING OF A BIOCHIP: The reader generates a low-power, electromagnetic field, in this case via radio signals, which â€Å"activates† the implanted biochip. This â€Å"activation† enables the biochip to send the ID code back to the reader via radio signals. The reader amplifies the received code, converts it to digital format, decodes and displays the ID number on the reader's LCD display. The reader must normally be between 2 and 12 inches near the biochip to communicate. The reader and biochip can communicate through most materials, except metal. THE APPLICATIONS: 1. With a biochip tracing of a person/animal , anywhere in the world is possible: Once the reader is connected to the internet, satellite and a centralized database is maintained about the biochipped creatures, It is always possible to trace out the personality intended. 2. A biochip can store and update financial, medical, demographic data, basically everything about a person: An implanted biochip can be scanned to pay for groceries, obtain medical procedures, and conduct financial transactions. Currently, the in use, implanted biochips only store one 10 to 15 digits. If biochips are designed to accommodate with more ROM & RAM there is definitely an opportunity. A biochip leads to a secured E-Commerce systems : It’s a fact; the world is very quickly going to a digital or E-economy, through the Internet. It is expected that by 2008, 60% of the Business transactions will be performed through the Internet. The E-money future, however, isn't necessarily secure. The Internet wasn't built to be Fort Knox. In the wrong hands, this powerful tool can turn dangerous. Hackers have already broken into bank files that were 100% secure. A biochip is the possible solution to the â€Å"identification and security† dilemma faced by the digital economy. This type of new bio-security device is capable of accurately tracking information regarding what users are doing, and who are to accurately track information regarding what users are doing, and who is actually doing it. Biochips really are potent in replacing passports, cash, medical records: The really powered biochip systems can replace cash, passports, medical & other records! It’s no more required to carry wallet full cash, credit/ATM cards, passports & medical records to the market place. Payment system, authentication procedures may all be done by the means Biochips. 4. Medicinal implementations of Biochips : A New Era Proposed by us 1. Biochip as Glucose Detector : The Biochip can be integrated with a glucose detector. The chip will allow diabetics to easily monitor the level of the sugar glucose in their blood. Diabetics currently use a skin prick and a hand-held blood test, and then medicate themselves with insulin depending on the result. The system is simple and works well, but the need to draw blood means that most diabetics don't test themselves as often as they should. Although they may get away with this in the short term, in later life those who monitored infrequently suffer from blindness, loss of circulation, and other complications. The solution is more frequent testing, using a less invasive method. The biochip will sit underneath the skin, sense the glucose level, and send the result back out by radio-frequency communication. Proposed principle of Glucose detection: A light-emitting diode (LED) in the biochip starts off the detection process. The light that it produces hits a fluorescent chemical: one that absorbs incoming light and re-emits it at a longer wavelength. The longer wavelength of light is then detected, and the result is sent to a control panel outside the body. Glucose is detected because the sugar reduces the amount of light that the fluorescent chemical re-emits. The more glucose there is the less light that is detected. Biochip as Oxygen sensor: The biochip can also be integrated with an oxygen sensor . The oxygen sensor will be useful not only to monitor breathing in intensive care units, but also to check that packages of food, or containers of semiconductors stored under nitrogen gas, remain airtight. Proposed principal of Oxygen sensor in Biochip: The oxygen-sensing chip sends light pulses out into the body. The light is absorbed to varying extents, depending on how much oxygen is being carried in the blood, and the chip detects the light that is left. The rushes of blood pumped by the heart are also detected, so the same chip is a pulse monitor. 2. Biochip as an Blood Pressure sensor: In normal situations, The Blood Pressure of a healthy Human being is 120/80 mm of Hg. A Pressure ratio lower than this is said to be â€Å"Low BP â€Å" condition & A Pressure ratio more than this is â€Å"High BP† condition. Serious Effects will be reflected in humans during Low & High BP conditions; it may sometimes cause the death of a Person. Blood Pressure is checked with BP Apparatus in Hospitals and this is done only when the patient is abnormal. However, a continuous monitoring of BP is required in the aged people & Patients. A huge variety of hardware circuitry (sensors) is available in electronics to detect the flow of fluid. It’s always possible to embed this type of sensors into a biochip. An integration of Pressure (Blood Flow) detecting circuits with the Biochip can make the chip to continuously monitor the blood flow rate & when the pressure is in its low or high extremes it can be immediately informed through the reader hence to take up remedial measures. Typical Problem of Biochips: A Solution Proposed – The Lock: Problem before the world A chip implant would contain a person’s financial world, medical history, health care — it would contain his electronic life†. If cash no longer existed and if the world’s economy was totally chip oriented; — there would be a huge â€Å"black-market† for chips! Since there is no cash and no other bartering system, criminals would cut off hands and heads, stealing â€Å"rich-folks† chips. â€Å"It is very dangerous because once kidnappers get to know about these chips, they will skin people to find them,† (New York Times, June 20, 1999) The typical solutions won’t work well are already proposed by different people: The Biochip must retain data only if it is placed in a fluid medium like blood & not in any other medium. This technique is unsuitable for identification of dead bodies (murdered by the kidnappers) as it loses the data about the social security number. 3. The data in the Biochip must be erased if it is exposed to sunlight/air. This technique is unsuitable as transplantation of biochip from genuine to the fraud in darkness (by means of infrared light) or in the vacuum (by means of oxygen cylinders). And many such†¦Ã¢â‚¬ ¦.!!!!!!!! Our key: The solution Proposed by me: A generic & existing model of Biochips consists of only ROM component in it and is capable of accommodating the data such as social security number, Passport number, bankcard number etc. , which are normally permanent in nature. The induction of RAM component in addition to ROM & storing the Bankcard, Financial details which causes the problem is a mere solution. As RAM needs to be continuously charged inorder to retain the data, Current can be supplied to the chip either from the electrical energy produced in the cells or by converting the heat energy in our body to electrical energy. Once if the chip is taken out from the human body RAM immediately loses the Power supply from the human body; thus information in the RAM is lost and therefore is useless for the kidnappers. However this technique will not affect the data in ROM i. e. Social security number that can be used to detect the address of the dead bodies that were unidentified. CONCLUSION The Cyber Future InfoTech will be implanted in our bodies. A chip implanted somewhere in human bodies might serve as a combination of credit card, passport, driver's license, personal diary. No longer would it be needed to worry about losing the credit cards while traveling. A chip inserted into human bodies might also give us extra mental power. The really fascinating idea is under fast track research â€Å"but we're close. † The day in which we have chips embedded in our skins is not too far from now. â€Å"This is science fiction stuff. † †This is a true example to prove science really starts s with fiction†. BIBLOGRAPHY:- www. mrgco. com www. anl. gov www. freepatentsonline. com

Expanding an MNC Essay Example | Topics and Well Written Essays - 1500 words

Expanding an MNC - Essay Example In this paper, China would be analyzed in terms of its suitability for the company and an implementation strategy would be developed with respect to the analysis conducted. Organizational Culture The Organizational Culture for NestFree Limited would be developing keeping in mind the Hofstede Cultural Dimension Theory. Thus the cultural would be developed keeping the following five dimensions in perspective: Individualism-Collectivism China is a collective society as its score a 20 on this scale. In this country, people act keeping in mind the interest of the group rather than an individual. They keep in mind their families, their elders etc. The people here look towards giving more preference to the people they associate with; this would be family, friends, community etc. The Chinese are more comfortable in working in groups that they identify with. Therefore the culture for the company would have to be strongly non-diverse in nature. Uncertainty Avoidance This refers to the societyà ¢â‚¬â„¢s tolerance towards uncertain conditions. Since the Chinese believe in karma strongly, they have a low uncertainty avoidance scores. The Chinese are not were strongly opposed to uncertainty; rather they expect it. Power Distance This refers to the society acceptance of power roles. The Chinese have a very high power distance score. This means that the society accepts that certain people are more powerful than others because of their position within the organization. As employees become more powerful, they expect their subordinates to comply to their dictates without questioning them or even discussing with them. The subordinates also understand that people in high position should be listened to. There is a formal chain of command in organization and it is adhered to quite strictly. The company, therefore, would fare well with a vertical organizational structure as opposed to a horizontal one. Masculinity-Feminity The Chines society is a masculine society. This means that the society is strongly competitive and driven by achieving success. For an organization to develop an effective culture, they need to work out on building a competitive environment where worker are often placed in competition with each other to draw out the best of their abilities. Long Term Orientation This refers to the long term values of a given society. China ranks high in terms of long term orientation as family is more important than any other group. Also elders and men of authority yield more power in the society. They respect traditions and are down to earth people. A strong work ethic is prevalent in the society where loyalty, hard work and commitment are duly rewarded. Keeping the above in view, the organization should develop a vertical organizational structure where the information flows from top to bottom. Also the environment should be competitive so as to allow employees to remain motivated. Furthermore, hardworking employees have to be duly rewarded. Environmental Scan ning Analysis- PEST Analysis Political Politically, China enjoys a relatively strong position when compared with other emerging markets. The country has a one party system where opposition is quite low. The Political makeup of the country is therefore quite stable in the form of the Chinese Communist Party or CCP. Also the government is open to foreign direct investment. The communist party along with other political institutions has

Associates and Joint Ventures Essay Example | Topics and Well Written Essays - 2500 words

Associates and Joint Ventures - Essay Example Therefore it is pertinent to analyze this practice in detail and the information to be disclosed. It also is relevant to note the underlying legal and financial guidelines that ought to be followed in all such mergers. This paper analyses the impact of the acquisition in the light of accounting parameters and will try by logical similes and examples to arrive at the proper perspective in relation to the type of dealings. We can define a merger where two individual companies become a single company and unify their entity. Strong companies seek out the less fortunate ones and then unify them into the company. Some times very strong and prospective companies also merge to create a bigger market or capture a foreign market. A company can also purchase another company and this is a purchase or consolidation. The stocks of the acquired company are sold for an agreed amount. Some tax benefits accrue. For example the buying company can write off the assets they acquire to the actual value paid for the company, and the difference between the book value and that purchase value for the assets can be charged off as depreciation over several years. An Acquisition of one company by another is a little different from a merger but not much. All of the above reasons for combining two companies apply, but instead of swapping stock or consolidating under a new corporate entity, one company simply buys another. In an acquisition, a company can buy another company with cash, with stock, or a combination of the two. The difference between the merger purchase and an acquisition depends on whether the purchase is friendly and announced as a merger or announced as an acquisition or the purchase is unfriendly. When it's unfriendly, it's always an acquisition. We are more concerned with a Holding company. The Encyclopedia Britannica defines a holding company as: "Corporation that owns enough voting stock in one or more other companies to exercise control over them. A holding company provides a means of concentrating control of several companies with a minimum of investment; other means of gaining control, such as mergers or consolidations, are more complicated legally and more expensive. A holding company can reap the benefits of a subsidiary's goodwill and reputation while limiting its liability to the proportion of the subsidiary's stock that it owns. The parent company in a conglomerate corporation is usually a holding company."i Why Have A Holding There are many business needs like expansion, new markets, new niche, and effective marketing and price control to name a few reasons other than more profits. The accounting reasons to create such a holding may be on account of tax saving, complimenting capability and resources, and share capital, technology, and risk. Important Factors to be considered The screening of prospective partners: This is done at all levels of management, not only the analysis of the company's financial history or capital. Analyzing factors like human resources, technical competency and

Diet for a new American Movie Review Example | Topics and Well Written Essays - 250 words

Diet for a new American - Movie Review Example Cruel treatment of animals shocks the viewer raising a powerful question that should a man do all such heinous acts just to fill the belly? My personal opinion is, this is a great movie. I have always been for vegetarian diet and this movie by the scientific treatment of the subject, has further consolidated my stand for vegetarian diet. This is an eye opener for the animal loving people and the health conscious ones. I believe that America needs to do serious re-thinking about the diet of its people and explain to them the correct position through print and electronic media. Legislation needs to be enacted for the protection of the animals. Pigs, cattle and chicken are raised in awful conditions and the entire process of meat production in inhumane. More or less, it is now an admitted fact that meat eating causes coronary problems and harms the body and environment by eating animal protein in large quantities. I am a vegan and on the basis of facts and figures articulated in the movie I do hope that it will lead to transformation amongst the viewers and they will seriously consider switching over to vegan lifestyle. Yes, this movie is the victory for vegetarians and the time is not far off when vegetarian food will be the way of life for the entire humankind. That will be a great relief to the suffering of the birds and

Current Issues for Strategic Information Systems Report Coursework

Current Issues for Strategic Information Systems Report - Coursework Example Thus, in the absence of a strategic information system an organization cannot imagine the proper working, superior performance and greater credibility. This report discusses some of the current issues for strategic information systems in the context of a specific organization. For this report, I have chosen Greens Lime Mouldings (GLM) business. This report will present an overview of their strategic information system, its operational performance and possible issues regarding better corporate support and will also specify an improved IS/IM based strategy for business management. 1. Introduction A Strategic Information System (SIS) is an information system that allows the organizations to alter or otherwise update their business structure and/or strategy. Basically, the strategic information systems are aimed at streamlining and increasing the response time to varying or changing environmental aspects and helping it in gaining a competitive edge over other business organizations. ... In addition, the strategic information systems also allow the business organizations to establish and implement the data collection policies to support the database in optimizing marketing opportunities. Finally, synchronized information systems that are aimed at maintaining a quick response and the quality indicators. The basic purpose of implementing an SIS is to gain a competitive edge over other business organization through its participation to the organization’s tactical objectives and offering a capability to considerably improve the efficiency and performance of an organization. In addition, many researchers believe that an SIS helps business organizations gain a competitive edge and to help very much at the cost of those that cause to undergo competitive drawback (Hemmatfar et al., 2010; Rogerson & Fidler, 1994). This report discusses the use of strategic information systems in the context of a specific organization ‘Greens Lime Mouldings (GLM)’ that is a manufacturing company which produces a wide variety of small plastic products. In addition, they produce both their own standard range of plastic products which they supply to retailers, and limited production of plastic items designed on the basis of a customer’s specification. At the present, the organization desires to improve its business structure in order to improve the business performance and efficiency. In this scenario their basic goal is to implement a strategic information and management system. Raynor Bow has recently joined the management team to run the warehouse and has introduced a warehouse system resulting in greater competence in this side of the business. Business Managing Director Bob Green desires to invest more in GLM for the foreseeable future of business. They have

Motivating employees Essay Example | Topics and Well Written Essays - 1000 words

Motivating employees - Essay Example The management of any organization will tend to select some of the theories that connect appropriately with the long-term and short-term strategies. In this case, the theories of motivation will always integrate within the general mission and goals of any organization. The goal-theory, self-determination theory, and theory X and theory Y are some of the commonly applied theories in the pursuit of desired objectives (Hoffmann, 2007). The nature of the organization determines the kind of theory applied in accordance with the strategies and frameworks of the organization. In this regard, motivation theories help to condition workers towards the attainment of the organization goals. The theories also help in preparing the workers for personal fulfillment in terms of career growth and individual development. Some organization operate policies that project uniform achievement between the workers and the company. Such a perspective connects with the concept of total quality management. As such, it becomes necessary to consider the fact that a range of issues that connect with the processes of motivation will also involve the determination of goals and aspirations of the various. Most of the theories of motivation are tailored towards the process of controlling behavior. The acknowledgement of human nature and the power of the environment, incentives, threats, to control outcomes in organizations usually depend on the type and impact of the theory. For instance, a firm that seeks to develop the human capital of its work force may engage self-determination theory.... Self-determination theory often enables the creation of positive attitudes in the organization by encouraging workers to strive towards the attainment of the specific goals that relate to the various processes that align with the combined objectives of the company. On this matter, the determination of the levels of efficiency and productivity of a worker are regulated by the nature of the environment. A range of processes often involves the creation of systems and structures that aid the processes of performance of the workers. The self-determination theory offers employ the opportunity and support to explore the limits of their potentials and talents. Applying this theory within an organization may involve setting of targets and limits for the workers in order to assess their capabilities and capacities to achieve set goals. In the end, both the company and the workers benefit in a seamless manner that determines the degree of balance between effort and rewards. Psychological explan ations of this theory hold that humans will often respond positively to challenges that come with some levels of reward. Within an organizational set-up, there remains a range of factors that connect appropriately with the various issues related to personnel development of the workers. Rewards such as promotions and salary increments have often been used alongside the self-determination theory to align the efforts and dedication of workers towards the attainment of specific goals. Reviews of the efficacy of the goal theory show that some of the processes of motivation will tend to merge with the manner in which goals determine the processes of an organization. In normative practice, goal setting entails the determination of a range of available

Sexual Harassment at the Workplace Essay Example | Topics and Well Written Essays - 250 words

Sexual Harassment at the Workplace - Essay Example Mary makes the right decision to report the matter to the HR manager. Had she had reported the case to other authority directly; the outcome would cause a tainted reputation for the company. The HR manager has an obligation of investigating the case and investigate the occurrences. Reporting to the HR is helpful in gauging the impact of the case considering Bobby and Marry had a relationship at one time. The HR manager has an obligation to ensure a resolution of the matter in the best manner. The best resolution, for this case, maybe mediation. Mediation is the most suitable form of conflict resolution for this case because the company has a reputation to uphold to the public. If Bobby is guilty, the HR manager should ask Marty to report the matter to the authority, just in case there are future complications between the conflicting parties. The HR manager also needs to restore between Mary and Bobby for a healthy working environment. The HR department is in charge of regulating ethi cs at the places.

International HRM Strategy Term Paper Example | Topics and Well Written Essays - 1000 words - 1

International HRM Strategy - Term Paper Example There was a steadfast improvement in the production and marketing activities in all subsidiaries. The HR ethnocentric strategy employed led to the rise of expatriate managers, who run the subsidiary organizations on behalf of the main office. The top management believes that expatriate managers can implement the American business working culture effectively towards development. These cultures involve management styles, industrial production processes and working overtime. Some social features inhibited smooth running of the business in the subsidiary organizations. In France, the labor force preferred to have an authoritative lines manager who would guide them instead of one who got his or her orders from the top management. An authoritative manager decides on his or her own (Kippenberger, 2002). The second cross- culture issue included in the case study involves working extra hours. The French work force believes in having both a professional and personal life. These cultural aspects counter the main idea for the tactic by not following the rules provided by the headquarters. Another option would include taking shifts, in the case of public holidays (Wakin, 1979). The employees and managers could decide that different groups remain behind on one holiday while the rest go and vice versa. Employees need to learn rather than train. Training involves attending classes, which consumes both time and money (Fottler, 2002). Furthermore, with the high rate of change in technology employees need to learn how to operate and adapt to new things. In terms of trade unions and participation, the human resource department worked towards a no union policy. Both local and international employees work towards the achievement of goals. The workers contributed in the production process and other subordinate activities, but not decision making. With the no union strategy, no unionized activities took place in either local or international sections of the firm.

Auditing Assignment Example | Topics and Well Written Essays - 1500 words - 2

Auditing - Assignment Example sely, the primary purpose of the accounting framework is to ensure that the users of financial information are provided with user-friendly information. This assignment seeks to present the concept of the audit, audit risk, and substantive audit procedures based on the case of Applied Graphene Materials PLC. Based on the company’s financial statements, first, three areas of heightened audit risk will be identified, and a quantitative analysis provided. Second, in relation to one of the identified areas in the first part, five substantive audit tests will be identified together their significance (Foster & Greenawalt 1995, pp. 1-5). The company analysis can take two approaches. That is the providers of funds and the controllers of the funds. Funds are provided by stakeholders such as shareholders, creditors, and other entities. The categories of stakeholders that are responsible for the management of funds are directors and managers. From the statement, the providers of funds are different from funds managers. Therefore, fund providers require a report on how funds are being managed over a period, usually one year. However, the information contained in the financial statement may lack credibility for the following reasons: the information may contain errors; it may not disclose any fraudulent act; the information may be inadvertently or deliberately misleading; and the information may not disclose all the material information. It is a daunting task to prepare financial reports, especially for large companies with several subsidiaries that adopt different accounting practices. The process of consolidating the financial information of large companies such as Applied Graphene Materials PLC creates a breeding ground for multiple errors, fraud, and omissions. It is, therefore, the responsibility of the auditor to verify whether the company’s financial statements are free of error, fraud or material misstatement. That is, whether the information presents a true and

Poverty in the United States and in India Essay Example for Free

Poverty in the United States and in India Essay Poverty is the inability to meet basic needs of life and to some extent the inability to meet essential material needs that ensure a safe and secure livelihood. The United States measures poverty using governments set poverty line. In rough estimate around 12% to 16% in the United States live below the poverty line. When statistics were done in the year 2006, people under the 18 were the ones highly affected by poverty. A research that was done recently by Carsey Institute at the University of New Hampshire, the rate of children who are poor is relatively higher in the rural parts than in the suburban areas. The US government and other nongovernmental organizations have been trying to reduce the level of poverty in the country. They have tried to educate as well as initiating campaigns that focus on poverty eradication. With this they place their focus especially on the homeless, people faced by atrocities like earthquakes, immigrants and others. The government has tried to build up charity programs and social workings based on improving the nature of the impoverished people. Faced with the heated up issue on poverty the Government has come up with 2017 poverty eradication plan, that is based on lowering or bringing to an end the poverty that faces some parts in the country. The Government embarks on raising the low- income workers minimum wage to 50 percent unlike the 30 percent that they earn. The Government also in tends to raise the Earned Income tax Credit and Child Tax Credit; the former enables people to invest on assets and the latter provides the child with a tax credit of $1000 per child. The Government wants to establish a policy that looks after the rights of employees, leading to better jobs and good salaries. It will also embark on child care help to those families that have got a low income and promote education for all. It will also create be able to place youths that are disadvantaged to schools and work so they are able to earn a living. They also want to make sure that they make it possible for higher education to be available in every state. These among many other solutions are being looked at by the US government in order to reduce the rate of poverty. Factors that result to poverty in the US include; parents not being married and raising children out of wedlock, Great amounts of taxes imposed even to the low income earning people, Public schools are run poorly, in addition to being funded heavily such that some people do not afford them. , children score very low in marks. Diseases like mental disabilities, abuse of drugs, domestic abuse and also natural disasters are other causes of poverty in the United States. INDIA India is one of the poorest countries in the world, unlike the US which is a world class country. Its most people live below the poverty line that is one third of the population. According to World Bank; 2005, â€Å"India has 456 million people, 46% of its population lives below the poverty line, it also has 828 million people, or 75. 6% living below $2 a day† Some of the causes of Indias poverty are the meager daily wages that employees receive. Most people in India live in rural India. They get very low of what they earn which is basically not possible to live a comfortable life with. There is also unequal distribution of wealth with very less people earning 33% of the income while most people in the country earn less than what is expected by the Government and that is $0. 40 per day. Others of those people work in informal job sectors that have got no job or social security hence leading them to extreme poverty. As a result of the income inequality, most children in India are affected by food, surviving rarely on very little. A high percentage of those children are suffering from malnutrition, than has been witnessed in other countries. The major causes of poverty in India are derived from two schools of thought. The first being the Developmental view which states, that Indias economy was completely deindustrialized. This resulted to all goods and services turning out to be very expensive and the India man could barely afford. As a result of the tremendous increase in prices and a decline in terms of trade, a massive hunger struck and resulted to many Indians dying. The land where the people grew food crops was all destroyed and cash crops such as cotton, opium, tea and grain for export and more so for animal feeds were planted. With this, it is evident that the colonial governments were part to blame for the impoverished country. The other school of thought; Neoliberal view states that both unemployment and underemployment were also a cause towards poor India. Farmers in India too over rely much on Agriculture products without looking for other investment areas. In other words the people of India have got great food security but low economic growth. Agriculture, unfortunately contributes to economy growth only 18% whereas 60% of the population depend on it. India too has got a high population growth that has immensely led to poverty since agriculture is their main source of income and the people are too many to be assisted by agriculture only. The â€Å"caste system† in India has also been blamed as a cause of poverty, since most people were left out in employment opportunities, education and other essentials. In conclusion, both India and the US have been faced with poverty issues; however, we cannot equate poverty in US to that in India. Indias economic growth is very low, the US are a bit privileged, since they are one of the most powerful countries economically. India might take a long time to recover but US is able to make sure that their goals towards curbing poverty are initiated and bring forth fruits.

Good essays Essay Example for Free

Good essays Essay First, the author introduced and explained the parts of an essay. A typical essay usually contains introduction, body and conclusion. But good essays are more than just mere writing. Good essays, even though they are short perform different operations such as introducing the arguments, analyzing data, raising counter arguments, and concluding. The author also mentioned the background material which often appears at the beginning of an essay. It is usually between the introduction and first analytical section. There are also some cases when the background material appears near the beginning of the relevant section. On the other hand, it is also helpful to think about those questions that readers might ask other than the parts of an essay. First is the â€Å"what† question which demonstrated the truth of your claim. For your readers to answer this question, your evidences in your essay must be clear. Next most important question is â€Å"how†. Answering this question will add to the credibility and truthfulness of the essay. Lastly, answering the â€Å"why† question allows the reader to understand the essay is a larger context. It also explains the significance of the essay. Failing to answers this question will make the readers feel that the essay is unfinished. Meanwhile, structuring an essay is another important skill that a writer should have. It means examining your thesis and anticipating what the readers need to know. It is also predicting the sequence that will convince your reader to believe in your argument. The easiest way to do this is by mapping essay’s ideas in a narrative form. The first step in mapping an essay is stating your thesis. Developing a thesis Developing a thesis is not that easy. It is not a topic, nor a fact, nor an opinion. A good thesis cannot be answered by yes or no. A good thesis should tell the readers what you plan to argue and should telegraph how you plan to argue. There are several steps in constructing a thesis. First, you should analyze your primary source. Find out whether there are tensions, ambiguity controversy or complication in your primary sources. Once you already have a thesis in mind, write it down immediately. By doing this, you will be forced to think of it clearly, logically, and concisely. After you’re done with the thesis, you should keep it prominent in your introduction and anticipate any counter arguments. To be able to write a good thesis, a writer should know what a thesis is. A thesis is never a question but an argument. A question alone is not considered as a thesis. It should have a definable and arguable claim. A thesis should also be clear and specific as possible. Avoid general term and abstraction that will confuse the readers. It is not also a list. And the most important thing to remember is that it should never be vague, combative and confrontational. Beginning the Academic Essay There are steps to follow to begin an essay. Any writer should follow these steps because the beginning of an essay is very crucial. The first step is to introduce the essay. This part will tell the readers what the essay is about. Next step is to focus the essay. Aside from introducing the topic, the readers should know the central issue. Next, you should orient your readers. It means providing information and explanations which is necessary for their understanding. It is very important in the entire essay but most crucial in the beginning. The writer should also decide about the length and the order of the essay. It is very important to decide the length of the essay according to the complexity of the issue. There are also strategies on how to write an opening for an essay. First is the history-of –the –world or long distance opening. The goal of its long opening is to establish a context for the essay. The other one is the funnel opening which starts with a broad or general topic and will end with a more specific one.

Income Inequality and Economic Growth

Income Inequality and Economic Growth Chapter 1: Introduction Economic growth is the result of abstention from current consumption. An economy produces a variety of commodities, and then income is generated through sales of products. The very same income is used to buy other products which generate income for other producers. The very same income is used to buy a variety of commodities. The producers decide what to produce depending on their individual preferences and the distribution of income, initial endowments. In general, commodity production creates income, which creates the demand for those very same commodities. The cycle of production, consumption, saving, and investment that constantly regenerates itself is as old as human civilisation. In some cases, savers and investors are exactly the same individuals, using their own funds; in other cases, they are not. (51, Ray) The income inequality occurs because people in an economy differ from each other in many ways that are relevant to their incomes. These differences can be in forms of hum an capital (education and health), in where people live, in their ownership of physical capital, in the particular skills they have, and even in their luck. As explained above, economic growth and income inequality have a huge influence on each other. That is why there have been extensive studies in income distribution and its effect on other economic variables. Income distribution has always been considered to be an important topic because it tells us how incomes are distributed among the members of a population and allows the government to determine tax policies for redistribution to decrease inequality, or to implement social policies to reduce poverty. However, there are many debates about how reliable data is because they mainly are collected through surveys and the sources of errors are numerous. Furthermore, the income distribution measure, income gini-coefficient, does have its disadvantage because the best fit line method is used when representing the Lorenz curve which is used to calculate gini-coefficient. As outliers are ignored when a best-fit line is illustrated, the population in extreme poverty will not be accounted in income inequality measure. Thus, the measure of inequality may not be as accurate as it is believed to be. Because of these data features, it is important to complement classical statistical procedures with robust ones. (Maria-pia, Victoria-Feser, 2000) No concrete theory yet exists to explain the relationship between income inequality and economic growth. Most empirical research on income inequality and economic growth tends to focus on imperfect market, the politics of redistribution, the size of the market. Benabou (1996) and others argued that imperfect capital markets can slow the economic growth by increasing the level of inequality. The main input of economic growth is investment generated by savings or borrowing credits. A result of imperfect capital markets is that the poor credit applicants with high expected rate of return projects have limited access to credit compared with rich applicants with the lower profitable projects. Therefore, the imperfect capital markets create a higher level of inequality and limit both quantity and quality of investments, thereby lowering economic growth. As capital markets are more likely to be imperfect in developing countries, this theory implies that developing countries economic growth is affected greater by income inequality than developed countries. Deininger and Squire find that land inequality reduces growth more in low income countries. However, the effects of income inequality on growth do not differ across high and low income countries. Moreover, contrary to the theory, Perotti (1996) finds that income inequality affects school enrolment more in rich countries than in poor countries. 143-144 I am particularly interested in how East Asian countries managed to develop so rapidly while maintaining low income inequality during late industrialisation. This is because compared with many orthodox economic theories and research based on many European and North American states during their industrialisation, what East Asian countries achieved is unprecedented. Furthermore, I believe that there are much more complicated reasons behind this unique achievement unlike the suggestions by 1993 World Bank Report, East Asian Miracle. In this report, the neoclassical economi sts in the World Bank gave much credit to the new developing theories and state-intervened economies on the surface, but they managed to transform and relate the state-intervention and policies in East Asia to the orthodox economic theory, and concluded that the rapid economic growth in East Asia is the result of market friendly economies and well-operated macroeconomic policies. They are not completely wrong but I have found that the explanations are very vague and inaccurate. There is no consistency in their arguments because they are trying to explain state-oriented capitalism in terms of market-led capitalism. In addition, there is an obvious cultural factor. Johnson and few other economists and historians argue that cultural difference between in the East and in the West might play a crucial role in explaining the East Asian Miracle. They argue that Confucianism confers certain advantages over other traditions in the quest for economic development. Because Confucian beliefs pla ce a high value on hard work, loyalty, respect for authority, and punctuality, these characteristics are thought to have facilitated the national consensus around high-speed economic growth in East Asian countries since the 1950s and 1960s. (Johnson, 1983:6-10; and the chapters by Lucien Pye, Gordon Redding, and Siu-lun Wong in Berger and Hsiao, 1988) I believe that an argument stated above can be a more influential factor of East Asian Miracle than arguments based on the orthodox economic theory. Thus, in this paper, I aim to investigate not only orthodox economic theories behind the East Asian development but also focus more on political economic perspective during the late industrialisation periods in East Asian countries, especially in Republic of Korea (Korea hereafter) and Singapore. The political economic view of East Asian countries were taken rather lightly compared with theoretical economic analysis because there have been only few social-politic studies in East Asia and t he presence of military regimes in many East Asian countries made it difficult for researchers to gather accurate information. The reason that I have chosen Korea and Singapore is that they both are in OECD countries, which makes it easier to collect more accurate and more quantity of data. Most of all, Korea and Singapore maintain the lowest income inequality level during the late industrialisation, but the income inequality level in two countries took a complete different direction after the Asian financial crisis in 1997/8. Singapores income inequality did get worsened but it still stayed at reasonably low level, whereas Koreas income inequality level shoot up and still remains quite high at this point. This paper will contain five sections. They are; introduction; orthodox economic theory behind income inequality and economic growth; political economic section which will illustrate the policies employed in Korea and Singapore to develop rapidly while maintaining the income inequ ality level low with empirical evidences; the effect that Asian financial crisis had on Korea and Singapore, especially on two countries income inequality level; conclusion. Chapter 2: Orthodox Economic theory In this section, I shall discuss the orthodox economic growth theories and whether or not South Korea and Singapore followed neo-classical theory guidelines. To begin with, I will explain what causes income inequality and the consequence of it. I will especially focus on the spill-over effects of income inequality on economic growth. The level of income inequality is one of the main economic concerns for economists as it is directly related to poverty and also has significant effect on economic growth: Assuming that the average level of income per capita maintains constant in a country, a higher degree of income inequality will mean that poor people are worse off. According to this observation with implication of Kuznets curve -the level of inequality rises until income per capita has surpassed a critical point- then in theory; economic growth can be bad for the population placed at the low end of income spectrum. Specifically, growths effect of raising the average level of income may be counteracted by a widening of inequality as the poorest people fall farther below the average. (Weil, Economic Growth) The empirical study carried out by David Dollar and Aart Kraay shows how average GDP and the degree of inequality work together to determine the income of the poor. Mexico in 1989 and South Korea in 1988 had almo st the same level of GDP per capita ($8,883 and $8,948) but because South Koreas income distribution is so much more equal than Mexicos, the average income of the poorest quintile in South Korea was twice as high as that in Mexico ($3,812 and $ 1,923). A similar effect is observed when comparing Taiwan and Mexico. This study illustrates that a countrys average level of GDP is the most influential factor of the incomes of the poor population. Thus, the empirical evidence suggests that poor people in a wealthy but unequal country are better off than poor people in a poor and egalitarian country. Dollar and Kraay assessed whether specific policies had different effects on the income of the poor versus overall income. Their key finding was that policies that affect growth for good or ill generally do not significantly affect the distribution of income. For example, rule of law and openness to trade raise overall income in a country and have positive but very minor effects on the share o f income going to the lowest quintile. Similarly, a high rate of inflation and a high level of government consumption are bad for overall income and reduce the share of income going to the poor.372 The orthodox economic theory on income inequality and economic growth is that highly unequal distributions are necessary condition for generating rapid growth. In fact, in the 1960s and then again to a more limited extent in the 1980s and early 1990s with the dominance of free-market economic theory and policy, the explicit and implicit acceptance of this proposition by economists from both developed and underdeveloped countries tended to turn their collective and individual attentions away from problems of poverty and income distribution. If wide inequalities are a necessary condition of maximum growth and if, in the long run, maximum growth is a necessary condition of rising standards of living for all, through the natural passed-down processes of competition and mixed economic systems, it follows that direct concern with the alleviation of poverty would be self-defeating. Needless to say, such a viewpoint, correct or not, provided a psychological, if not conscious, rationalisation for the accumulation of wealth by powerful elite groups. The basic economic argument to justify large income inequalities was that high personal and corporate incomes were necessary conditions of saving, which made possible investment and economic growth through mechanism such as the Harrod-Domar model. If the rich save and invest significant proportions of their incomes, while poor spend all their income on consumption goods, and if GNP growth rates are directly related to the proportion of national income saved, then apparently an economy characterised by highly unequal distributions of income would save more and grow faster than one with a more equitable distribution of income. 182 Simon Kuznets hypothesis also states that in the early phase of economic growth, especially that are growing at an abnormal rate, growth is generally associated with high levels of inequality. First, to generate the high savings rate that is a prerequisite of rapid growth, income, it is assumed, must be concentrated in the hands of relatively rich, whose marginal propensity to save is relatively high. Second, Simon Kuznets has suggested that as the labour force shifts from low-productivity sectors to high-productivity sectors, aggregate inequality initially increases substantially, decreasing only later. Contrary to this conventional wisdom, in East Asia rapid economic growth has been associated with relatively low and declining levels of income inequality. Improved equity is not unique to East Asia. What is unique is the combination of rapid growth with modest (and, in a few high performers, dramatic) improvements in equity and reduction in absolute poverty. Analysis of the high performing Asian economies has focused on their rapid growth over the past decades. Isolated studies on the distributive qualities of growth in a few of these countries exist, but not of the growth-equity nexus for the group as a whole. (Adelman and Robinson, 1978) The indicators show that the Asian hig h performers have been unusually successful in distributing the benefits of growth widely. (The key to the Asian Miracle, Making Shared Growth Credible, Jose Edgardo Capos, Hilton L. Root, 1996) The orthodox economic theory suggests that tax policies which directly affect saving rates will determine the economic growth rate depending on changes in the ratio of capital to labour. According to this theory, peoples incentives to save their income or wealth are influenced by the rate of returns to savings which effectively determines the income distribution. This theory would also imply that richer people are more encouraged to save their income or wealth in an economy with a regressive income tax. As a result of this, faster economic growth is achieved due to higher saving rates and thus higher level of investment driven by richer people. The rate of savings affects the long-run level of per capita income and, in many cases, the rate of growth of the economy. Thus the relationship between inequality and savings creates an additional channel through which inequality interacts with income and growth in income. The political force of the arguments presented here are also not to be taken lightly. The view that moderate or high inequalities in income distribution concentrate money in hands of those who are willing to save, accumulate, and invest, thereby boosting growth rate, has been used more than once to justify a hands-off approach by government in matters pertaining to redistributive taxation. However, there are opposing views as well, arguing that a certain degree of redistribution can actually enhance savings and push up growth rates. The effect of a reduction in income inequality on the rate of savings, and therefore in the rate of growth, is likely to be complex. High economic inequality might retard economic growth by setting up political demands for redistribution. Now redistributing might take one of two broad forms. First, a policy might aim to redistribute existing wealth among the broader population. A good example of this is land reform. If land is held very unequally, the government may have the option to simply confiscate land from large landowners and redistribute the confiscated land among smaller peasants or landless labourers. Likewise, it is possible to have confiscatory taxes that transfer large quantities of nonland wealth to the government, which are then redistributed to the poor. It goes without saying that the creation and implementation of such policies require extraordinary political will, as well as the availability of data on which to base such policies. Elected government officials with large land holdings are not uncommon, and even if they were uncommon, large landowners often act as vote banks, which swing the votes of an entire village or even a group of villages. In such situations, the enactment of a comprehensive land reform that would alleviate inequality becomes a very difficult proposition indeed. Even if the political will did exist, there are the almost insuperable difficulties of implementation. To redistribute large quantities of wealth, for instance, it is necessary to know who has the wealth. There exist enormous quantities of wealth that are not even subject to taxes, simply because the information base required to implement such taxes is nonexistent. Even when wealth takes the form of land, which is arguably highly observable, it is difficult to implement ownership ceilings. As a large and powerful landowner, I could parcel out my holdings in the names of various members of my family, so that each parcel fell below the legally imposed ceiling. Faced with these difficulties, most governments resort to redistributive policies that take an entirely different route: they tax increments to the shock of wealth, rather than the existing wealth base. Thus marginal rates of tax on high income purchase of various products, and business profits are taxed as well. These taxes, imposed as they are on the margin, tend to bring down the rate of investment and therefore the rate of economic growth. Chapter 3: Political economic theory In this section, I shall concentrate on three policies which were probably the main driving force behind rapid economic growth while maintaining low level of income inequality. They are Land Reform and Agricultural policy, Public-Housing policy and Education. These three political acts shaped up the main foundation in the early stage of economic development and because of this solid foundation; Korea and Singapore were able to achieve their current economic status in the international arena. Many people, in general, believe that industry, not agriculture, can only facilitate the economic growth and agriculture constrains the economic growth to some extent. I will attempt to argue that agriculture and industry are equally able to constrain or facilitate economic development, but that agriculture is perhaps more important in the earlier stages of development, while industry is possibly more important in the latter. In doing so, I attempt to emphasise the importance of land reform in th e earlier phase of development and how South Korea and Singapore achieved it. Public-housing policy is rather more relevant to Singapores case than of South Korea. Today, over 85% of Singapore population resides in housing provided by the government since its public housing policy began in 1930s. The initial quality of housing was poor, but the continuous revolutionary programme since 1960s dramatically improved living conditions. The success of public housing policy, thus the positive spill-over effect of the programme on income inequality and economic growth will be discussed more in detail later on. High level of education, thus high quality of human capital in East Asia has always been on top of the list whenever the driving force of East Asian Miracle was discussed. Thus, I will further investigate why the education is considered to be so much more important in East Asia compared to other developing countries and the effect education on income inequality and economic growth. Ho wever, most of all, the authoritarian political background of Korea and Singapore government must be stressed before the three policies are discussed. This is because without the complete control that President Park, Jung-Hee had in Korea and Peoples Action Party had in Singapore, these policies would not have had its full effect. Government intervention can determine four general areas of distribution of income. They are as follows; Functional distribution – the returns to labour, land, and capital as determined by factor prices, utilisation levels, and the consequent shares of national income that accrue to the owners of each factor. Size distribution- the functional income distribution of an economy translated into a size distribution by knowledge of how ownership and control over productive assets and labour skills are concentrated and distributed throughout the population. The distribution of these asset holdings and skill endowments ultimately determines the distribution of personal income. Moderating (reducing) the size distribution at the upper levels through progressive taxation of personal income and wealth. Such taxation increases government revenues and converts a market-and asset- determined level of personal income into a fiscally corrected disposal personal income. An individual or familys disposable income is the actual amount available for expenditure on goods and services and for saving. Moderating (increasing) the size distribution at the lower levels through public expenditures of tax revenues to raise the incomes of the poor either directly (e.g. by outright money transfer) or indirectly, through public employment creation or the provision of free or subsidised primary education and health care for both men and women. Such public policies raise the real income levels of the poor above their market-determined personal income levels. 189 A contribution which agriculture makes to economic development is known as factor contribution which is related to functional distribution. This can be divided into a further two contributions labour contribution and capital contribution. Labour contribution is defined as the phenomenon when agricultural productivity improves and surplus labour form the agricultural sector is released in to the industrial sector. Yao (2006) noted that in pre-reform China this was not so as labour could not be immediately transferred from one sector to another. In Chinas case this resulted in depressed agricultural labour productivity and large underutilised human capital. In terms of capital contribution Thirlwall (2006) explains that capital contribution can be via voluntary investment in machinery or via involuntary contributions in the form of taxes. One way in which agriculture may constrain economic development is through the product contribution of forward linkage effect, wherein the agriculture sector is responsible for providing raw material, capital and labour for the rest of the economy (Todaro, 2006, 819). Economic development is characterised by a substantial increase in demand for agricultural products, and if the expansion in food supplies (Johnston, 1961, 567) cannot meet demand, then economic growth will be stunted: there will be a significant rise in food prices, leading to pressure on wage rates, which could adversely affect industrial profits, investment and hence economic growth; it could also cause political discontent (Johnston, 1961, 573). This pressure on wage rates can have extremely adverse effects in undeveloped countries where food has a dominant position as a wage good. Structuralists would argue this was at least in part due to a growing population putting pressure on food supplies, coupled with supply inelasticities (Thirwall, 2006, 452). A reliance on exports may also develop. Growth of demand for food is particularly significant as high rates of population growth (1.5%-3%) characterise most of the worlds developing countries, as the decline in death rates, due to increased medical knowledge and application, is frequently much sharper than the fall in birth rates (Johnston, 1980, 572). However, it is worth considering Engelss law at this point, which states that the income elasticity for primary commodities is in elastic; the implication being that as individuals, and a countrys income rise, they will spend proportionally less on these commodities (Thirwall, 2006, 550) and agriculture will become a less important component of economic development. Furthermore, the share of agriculture is GDP falls as per capita income increases; labour share also declines. Nevertheless, income elasticity for food tends to be considerably less elastic for developing countries in comparison with developed ones- 0.6 versus 0.2 or 0.2 Western Europe, the U.S and Canada (Johnston, 1961, 572), suggesting that at least in the short-run, or in the early stages of development, a lack of ability to provide product contribution could mean that agriculture is a main constraint to economic growth. Engels law also has implications for the foreign exchange contribution argument: which states that a country which primarily exports primary commodities will automatically suffer a balance of payments deterioration if there is a growth in world income, vis-Ã  -vis the balance of payments of a developed country largely exporting industrial goods (Thirwall, 2006, 550), as purported by the Singer-Prebisch thesis, whose import substitution industrialisation hypothesis advocates that developing countries replace imported industrial goods with their own domestically-produced versions. Furthermore, countries will have a heavy reliance on agricultural exports, particularly those which have a heavy reliance on one particular export, such as coffee, tea or fruits, are at the mercy of environmental factors within their own countries, as well as trade barriers and changes in taste, internationally. However, a long-run goal of diversifying from a reliance on one or two export crops can lessen th is vulnerability (Johnston, 1961, 575). In addition, primary commodities typically are the greatest source of foreign exchange and foreign exchange is needed to fund development projects (Todaro, 2006, 69). It is also worth noting that some countries have a marked comparative advantage in agriculture and that in these, a reliance on agricultural exports does not necessarily constraining at all. In some ways, agriculture is in fact an enabler of economic development as it can provide inter-sectoral transfers to faster growing industrial sectors, vis-Ã  -vis labour or capital transfers. As non-industrial sectors grow, they will need an increased quantity of labour, and whilst the assumption of the Lewis two-sector model that labour supply is perfectly elastic can never be entirely true (due to, lack of transferable skills, or cultural factors, such as an unwillingness on the part of women to move away from their families), it is likely that during the earlier stages of development at least, labour will be drawn from the agricultural sector, as there will be fewer other sources (Johnston, 1961, 576). This loss of labour might in turn provide incentives for agricultural sectors to become more productive, though investment from some source will obviously be necessarily to enable this. However, empirical evidence would appear to suggest that capital, rather than labour is the ma in limiting factor to industrial growth, at least in the case of Japan, where taxes levied on the agricultural sector constituted 80% of the tax burden and were used to subsidise the creation of a merchant and shipbuilding industry, as well as investments in railways and education. (Johnston, 1961, 578) This evidentially, presents an example of agriculture enabling, not constraining economic development. However, using agriculture in this way to provide capital for industrialisation inhibits the farming sector from aiding economic development in another way; namely through market contribution, otherwise known as the backward linkage effect, where the agricultural sector generates a demand for industrial products, such as fertilisers, insecticides, machinery, transportation and so on, positively impacting on the economy as a whole. In fact, in the early stages of development, the agricultural sector is likely to provide the largest market for industrial goods. Hence, if a countrys agricultural sector is very largely subsistence, as it is in many developing countries, with farmers able to afford very few of such capital inputs, then agriculture may indeed be the main constraint to economic development. (Thirwall, 2006) Thirwall in fact goes as far to say that, a precondition for rapid industrial growth is a rapidly expanding agricultural sector (2006) Some economists, such as Hirschman, have argued that there are in fact higher linkage effects in the industrial, rather than the agricultural sector and in particular, that in many less developed countries, linkages are to be found within manufacturing industries, but not between industry and agriculture. According to Hirschman idea of Unbalanced Growth, the key to economic development is investment in a leading sector, an industrial sector with high linkages, rather than in agriculture. A problem with this however, is the previously-mentioned inflation, due to lack of coordination between supply and demand. Propagating a single industry might indeed lead to the similar problems with lack of trade diversification that occur when primary commodities are the sole export. As a consequence of land reform, Korea has enjoyed a reputation among countries as one with a relatively equitable income distribution (World Bank, 1983). In1945, when Korea was liberated from Japan and soon afterwards partitioned into South and North, about 80 per cent of the labour force in South Korea was engaged in agricultural and less than 3 per cent in the mining, manufacturing and construction sector. Under these circumstances, two land reforms in 1947 and 1949 meant the collapse of a traditional social order based on land, especially a rice-cultivating society, and the start of a new social order. Furthermore, the Korean War (1950-1953) had a profound impact on South Korean society, destroying existing capital stocks and levelling out the distribution of non-agricultural assets, and leaving the majority of Koreans in destitution. (Pg9 Korea housing) In a rather elaborate simulation-planning exercise, Irma Adelman and Sherman Robinson have investigated the interactive effects of various rural development programmes on income distribution and poverty South Korea. Land reform is one component. (Adelman and Robinson, 1978) Their objective was to determine what types of programmes would yield the largest impact over the medium term. They constructed a basic model of the Korean economy, taking great pains to calibrate it so that its predictions came close to actual outcomes over a predetermined period. In essence, the basic model was made to mimic the development of the Korean economy over a nine-year period, 1964 to 1972. The result is significant. First, among the individual programmes, land reform has the most favourable impact on income distribution. Second, land reform and the public works and small-scale industry programmes are much more effective in reducing poverty than are the other programmes. Third, promoting rural development, that is, implementing all the simulated programmes, leads to greater reductions in the incidence of poverty and income di sparities than either of the two programmes taken individually or jointly. And fourth, without land reform, rural development programmes would be less successful at addressing both poverty and income inequality. (The key to the Asian Miracle, 55) Therefore, the inequality in landholdings is resulting in inequality in all spheres of economic activity, social and political life. The inequality in landownership is leading to inequality of other productive assets also. The inequality is further resulting in un-equal access to the much needed agricultural inputs like credit etc. (Krishna Rao, Growth and Inequality in Agriculture, 1991, 55) Nevertheless, Alice Amsden argues that the reputation of Korea as a country with low income inequality might be due to false information for three reasons: (1) The value of real estate and other assets, which lends to appreciate with inflation, rose more rapidly in the 1970s than wages. Because this value is excluded from income and these assets tend to be owned by higher income earners, the treatment of such assets is likely to result in the understatement of inequality. (2) The equivalent of the United States Internal Revenue Service in Korea sometimes includes and sometimes excludes from the calculation of personal income, capital gains, rent, and interest payments. Such income is also taxed differently from wage income. (3) It was possible until 1988 to open bank accounts in Korea under an assumed name. Nevertheless, land reform did respond to the ancient cry for ega

Entertainment And News Essay -- essays research papers

Entertainment and News   Ã‚  Ã‚  Ã‚  Ã‚  News coverage, whether by television, radio, the internet, or newspaper must be selective, selective not simply in which stories it reports but in how it presents them as well. The media is incapable of providing a rundown of everything that has transpired in a day. Therefore, editors, reporters, etc… decide what will go into the reports. Equally important, reporters are still human beings who, in spite their good intentions, occasionally succumb to anger, jealousy, anxiety, impatience and other emotions that could cloud their objectivity. They belong to large, complex organizations that have their own diverse, often conflicting, goals and needs. So, to report a story “like it is'; can become difficult because of individual agendas.   Ã‚  Ã‚  Ã‚  Ã‚  Entertainment is to hold the attention of with something amusing or diverting. News is information about recent events. In recent history, news has become a commodity. Therefore, news must sell. News organization use entertainment as a basis for getting the viewer to watch their news program. Manheim claims “that the media is not as diverse as it claims to be. He states, though for competitive purposes they might have us believe otherwise, most American news organizations have a great deal in common with one another…they define news itself in essentially the same terms (Manheim, 1991). Manheim argues that the media entertai...