South Korea Affected by Globalization Essay Example | Topics and Well Written Essays - 1750 words

South Korea Affected by Globalization - Essay Example Apart from these concerns there are also concerns over causing of widespread suffering, disorder and unrest. Globalization can be remarked as a medium which becomes the main source for global movements of social justice and also a source of repression. By governing these materials we can take a glance at the features of globalization, as to how the process drives, how politics can be changed and how it changes or affects institutions like the UN. Globalization has helped improve the poverty in a large number of developing countries but still it needs to bind to help the society's poor community. Mainly we can say that as globalization covers all the cons and pros of the human society, and virtually every aspect we need to analyze and think, about the questions such as normative political theory. (Globalization, 1, n.d) Recently it can be said that the economy of South Korea is one of the strongest economies of the world. It can be ranked as the thirteenth largest economy of the world because it is highly developed trillion dollar economy. Among the economies of Asia the economy of South Korea can be termed as the fourth largest economy. ... South Korea turned in to a highly developed country just in 50 years and it is not less than a miracle. World Bank has termed the economy of South Korea as the High income economy and IMF has termed it as advanced economy. The economy of South Korea is known as the Asian Tiger in the economy of Asian countries because of its rapidly growing status. The capital of South Korea is Seoul and it is considered to be a big global city and also the major international financial center in Asia. Because of high income and good financial and economical status the living standard and life style of South Koreans is quite high and they enjoy the freedom of financial usages. The South Korea has developed so much rapidly because of the rapidly increasing process of industrialization in the South Korea which has placed the country among the top exporters and most of the export process is performed with China. The main industries of South Korea include chemicals, steel, textile, footwear, food process ing, electronics and automobiles. The unemployment rate has also been recorded as low as 3.2% in the year 2007. The level of education of the country is also very much improved and competitive. The scientific literacy of South Korea is on the top and the mathematical literacy is ranked as second highest. According to the economists the information technology industry of the South Korea has also among the three top IT industries. Hence all this above analysis shows that the economy of South Korea has geared itself from the year 1960s till 2007. The GDP rate that was recorded in the year 2007 was GDP (Nominal) $981.9 Billion and GDP (PPP) $1.312trillion. Although the economy has faced a really tremendous rise but the financial

Computer Market Essay Example | Topics and Well Written Essays - 2000 words

Computer Market - Essay Example Likewise, there are many other determinants of demand for a computer market such as knowledge and price barriers, social influences, lifestyle changes, and competitor and component prices, and so on. The world's second largest personal computer maker, Dell, launched its latest Inspiron 1525 laptop computer that features 15.4-inch HD definition wide aspect display with 720p resolution, a Blue-ray player disc drive and an HDMI port along with the basic features. Dell has been quoted as an example to guide through the learning of the economics of computer pricing. Recent years have seen fall in prices of personal computers even in the face of increasing demand. To study this further, it should be kept in mind that demand and supply control prices in a free market and increase in the supply of a product over demand causes the price of the product to fall. A free market can be defined as a market where the sellers and the buyers of a product are free to determine the price of the product and this is done by the law of demand and supply. Free markets are in contrast to controlled markets where factors determining prices are influenced by external parties. In a free market, however, the demand and supply for a product determines whether the price of the product increases or decreases. ... Determination of equilibrium price and quantity The determination of price depends on the type of market organization the product belongs to. In a competitive market, the point of intersection of market demand and supply curves determines the price that will prevail in the market. As in other competitive markets, the forces of demand and supply determine computer prices. In the diagram, P* is the point of intersection of the demand and supply curves and is called the equilibrium price. "The word 'equilibrium' denotes a state of rest from which there is no tendency to change" (Maddala and Miller, 2004). Price equilibrium occurs where the price that the buyers wish to buy matches the price that the sellers wish to sell at. The point C in the diagram describes a position of equilibrium in the market. When prices are above or below P*, i.e., P1 or P2, the market is said to be in disequilibrium. As can be seen from the diagram, supporting the price above P* creates an excess supply, whereas, fixing the price below that causes excess demand. Therefore, an excess demand would lead to an increase in prices whereas excess supply would lead to decrease in prices. When the demand for computers is high and there is shortage of supply of the same, then the balance of power shifts towards the seller. This is because of the excess demand in the market for good commodities. Conversely when demand both for computers and complimenting products is weak and when there is excess supply of the same available on the market, then the power switches to potential buyers. This is because there is a wide choice of products available and the buyers can afford to negotiate prices

Political Corruption Essay Example | Topics and Well Written Essays - 3000 words

Political Corruption - Essay Example But it is more often assumed than tested and proven. And on the politics political scandal is a black spot which restrain the flow of development and create a haphazard situation on the society breaking the peace and harmony. Corruption is a disease, a cancer that eats into the cultural, political and economic fabric of society, and destroys the functioning of vital organs. In the words of Transparency International, "Corruption is one of the greatest challenges of the contemporary world. It undermines good government, fundamentally distorts policy, leads to the misallocation of resources, harms the private sector and private sector development and particularly hurts the poor" (TI,1998). Corruption is found almost everywhere, but it is stubbornly entrenched in the poor countries of Sub-Saharan Africa, it is widespread in Latin America, it is deep-rooted many of the newly industrialized countries, and it is reaching alarming proportions in several of the post-communist countries. The issue of corruption has to some extent entered the political and economic sciences from the new interest in the role of the state in the developing world, and in particular from the idea that the state is an indispensable instrument for economic development. The 1997 World Development Report stated that An effective state is vital for the provision of... An effective state is vital for the provision of the goods and services - and the rules and institutions - that allow markets to flourish and people to lead healthier, happier lives. Without it, sustainable development, both economic and social is impossible (The World Bank 1997). Political corruption not only leads to the misallocation of resources, but it also affects the manner in which decisions are made. As political corruption is the operation of illegal procedure of the various offices, it affects the institutions of the government as well as the political system and political ideology. Political corruption is more than a divergence from formal legal form of justice. It occurs when misdeeds and wrong doings take place in the proceedings and the ideology of the politics of a country. Some definitions of corruption also emphasize the point that the rulers as a group or class, or as an institution or organization, make unjustified use of their influence to extract resources for the benefit of the group as such. Many well-known and well documented cases of grand corruption have involved political parties (ruling parties in particular, but also prospective ruling parties), entire administrative bureaus, and national governments. 3. Scandal Etymologically Scandal means a behavior or an event that people think it morally or legally wrong and causes public feelings of shock or anger. It may be an action, work or event of a particular person and that work is regarded in the society as a wrong doing or it is seen from a negative angle. There is divergence of scandals and different philosophies exist regarding this matter. A scandal is a widely publicized occurrence involving allegations of bad behavior, dishonor, or moral infuriate. A scandal may be based on

Research Methods Essay Example | Topics and Well Written Essays - 2500 words

Research Methods - Essay Example Consumers are having a great experience of being able to shop anywhere, anytime and with any device and this have resulted in retail shop owners to be challenged with respect to their sales and footfall as many are in favour of online shopping. The key question that the research paper is set to answer is how is the increasing amount of online retailers affecting the footfall in retail shops and sales? Research Problem How does online shopping affect retail business?   Hypotheses i. Increased online retailers and shopping has both substitution and complementarity effects on traditional in-store retail shops. ii. Increased online shopping reduces footfall in retail shops and sales. Online retailers have the capability to replace traditional retail stores/shops. Today, technological advancements have resulted in changes in the way operations are carried out in the business world, how and where people work, shop as well as the lifestyles of different people across the globe. Various su ccessful research attempts have been made to explain the impacts of technology on how and where people work and how this affects their travel trends. Most recent developments have focused on e-shopping/online shopping/online retailers due to its unparalleled proliferation. A 2007 US research by InternetRetailer.com (2008) revealed that the number of online shoppers in the country had increased with their estimated spending rising by a 19 percent margin as well, recording a figure in the regions of 136 billion US dollars in 2007. Despite this increment, online shopping accounted for only 4 percent of the country’s total retail sales. Another Netherlands research showed similar trends with respect to online sales; increasing from just below 200 million Euros in 1999 to just above 1.5 billion Euros in 2004 (Farag, 2006). Online buying could be dominant in certain specific future markets like digital assets. In essence, online shopping could be a substitute for traditional shops. For the purposes of this research, the use of the term online shopping refers to online retailers as well as online searching or rather product information search, unless stated otherwise. Literature Review Many studies have been conducted in the technology field with respect to e-shopping yet little empirical studies exist that relate to e-shopping and the number of shoppers entering traditional shops on a given business day and or the sales made by traditional retail shops. In the context of e-shopping, Mokhtarian (2004) reveals that substitution refers to the replacement of the physical trip to traditional shopping stores with online transactions. Furthermore, the concept of complementarity emerges with respect to information search where e-shopping results in the emergence of new demands for trips to traditional stores. Another research conducted by Anderson, Chatterjee and Lakshmanan (2003) revealed that online shopping does not change the number of people visiting a store, in stead it alters the trips’ characteristics, for instance chaining and timing. According to a study by Sim and Koi (2002) involving a sample of 175 online shoppers from Singapore, 12 percent reduced their trips to traditional stores. Another duo of researchers found that some users of the internet in the Knoxville metropolitan region of the United States had reduced their travel trips to traditional stores. A study by Weltevreden and Van Rietbergen (2007) in the

Portfolio Coursework Example | Topics and Well Written Essays - 1750 words

Portfolio - Coursework Example I went to two wards. The first ward was the Medicin Ward, meant for elderly patients, and the second one was the surgery ward. I got to see a few patients and my particular interest was to know the kind of attention they were given by the clinical pharmacist. For instance, there was a 72-year old patient who was suffering from diabetes mellitus type one, hypercholesteremia and hypertension. In my presence, he narrated to the pharmacist what he felt. He only talked of shortness of breath. The lesson I learnt in most of the cases is that as a clinical pharmacist, one needs to know what a patient feels by asking them. He/she shouldn’t stop at that, but go ahead to carry out examinations to discover other things that the patient may be unknowingly suffering from. On the basis of both what the patient says and the results of the medical examination, a pharmacist establishes if there is any need to change medication or not to. My visit to the hospital pharmacy taught me yet another lesson; that there are certain kinds of patients, like alcoholics, that require counseling more than other forms of medical attention such as drug prescription. This is a way of helping them to get around the drinking habit. In the case of an alcoholic, it may also be necessary for a pharmacist to change drugs because the patient’s problem may have got more complicated than what it was before. Any such change of medicinal prescription must be based on laboratory examination results in all cases. This means that a clinical pharmacist must work very closely with a laboratory technician, because he depends on his results to be able to prescribe drugs for the patients. Constantly checking with results helps to track the patient’s medical history, and on the basis of whether they are doing any better or not, medicine can be changed or retained. It ensures that patients receive the best medical attention and eliminating chances of prescription

Information Security Issues Associated with Internet Connectivity Essay

Information Security Issues Associated with Internet Connectivity - Essay Example The report presents some recommendations such as apply some policy, training their employers and employing softwares for security checks. With the advanced technology that we have right now, security issue has become an essential problem for any organization, which uses the Internet, around the world. As stated by Charles and Shari (23, 2002), the security of an organization is important to protect it from any criminal damage. The software vulnerabilities and social engineering in an organization system that cyber-criminals target is the most important issue in security measures. The aim of this research is to investigate how to protect an organization that uses Internet connection from being targeted because of the vulnerability of their system. This report will discuss general issues related to Internet connectivity, software vulnerabilities, social engineering and specific vulnerability which is Cross Site Scripting (XSS). It will also provide a discussion and recommendation that will help organizations against hackers and other criminal activities directed in breaching their security. Hacking a system or a database is the largest threat to network security for most organizations. IP addresses can easily be obtained through search engines like Google and Yahoo. As a result, the Internet gives easy access to an organization’s system or database for millions of unknown users in the world. And because the users are unknown, it creates additional challenges to the security departments. In addition to the countless unknown users, the links of different systems and database between organizations through the use of the World Wide Web makes it easier for one to access the linked systems. Moreover, the linked access introduces a considerably magnified potential for virus spread. The vulnerability of the system is the primary weakness of an

Is Democracy the best type of Government Essay Example | Topics and Well Written Essays - 750 words

Is Democracy the best type of Government - Essay Example In these societies, democracy only served to further the interests of a certain elite who had always been in power. The entry of new faces to the seats of governance was rare and often short-lived. For instance in Vietnam’s case, the country was run by a democratically elected government where the Prime Minister was a cousin of the emperor of Vietnam (Halberstam & Singal, 2008). The democratic policies initiated by this democratic government led to the alienation of large parts of the population, who eventually tilted over to the communist camp and began an insurgency. The democracy under Nguyen Phuc Buu Loc was unable to shelter the interests of the many against the interests of the few. It has to be kept in mind that Vietnam is not the only nation to have suffered a democratic fate due to class divide and lack of equality. The quagmire in West Africa and the Horn of Africa is yet another example of democratic failure that has ruined millions of lives. The democratic system i n these nations allowed the power hungry elite to broker power to themselves leaving millions in desperation. The resulting governments led to the estrangement of the masses which in turn led to bloody civil wars and consequent anarchy (Bassey & Oshita, 2010). The outcomes of democracy in these nations signalled a major change in the very definition of democracy. What Abraham Lincoln declared to be â€Å"of the people, by the people, for the people† at Gettysburg (Wilson, 2006) has become â€Å"of the 1%, by the 1%, for the 1%† in the twenty first century (Stiglitz, 2012). Attempts at promoting democracy across borders have often proved not only difficult but also unmanageable and dangerous. People spearheading the cause of democracy for foreign nations fail to account for socio-economic and historic peculiarities that shape each nation. A society composed of tribal systems already has its own version of governance though there are no bravura democratic assemblies and parliaments to show the rest of the world. Imposing a foreign system that the local people are not aware of will never work in such a situation. The recent failed experiments at democratic implantation have failed miserably in both Iraq and Afghanistan (Shadid, 2005) (Hopkins, 2008). A democratic system requires nourishment from the grass root level to flourish. If the roots of the system fail to support it, then the democratic system is open and vulnerable to exploitation. Typically democratic systems are exploited not from the bottom but from the very top. Democracies provide the power hungry elite with multiple avenues to manipulate people at all levels in society. Stieglitz (2012) has rightly declared democracies to be representative of the top 1% of all people in a society. The people at the helm of affairs in a democracy possess the right tools and skills to manipulate the masses through propaganda. It is ironic and paradoxical to realise that the very people who forced Wall S treet to crash were the very people who were bailed out by the democratic government (Byrne, 2012). Hordes of common people looking to occupy Wall Street to prevent further economic exploitation were rounded up by state machinery using the very resources that these ordinary people had paid for in terms of taxes. It is regrettable that in the so claimed representative system of democratic governance, the very people w