Financial System And Economic Development - 1001 Words

In a developing country, such as Egypt, misuse and/or lack of foreign exchange is a main constraint to investment and economic growth, as foreign exchange is necessary to obtain foreign intermediate and capital goods. In addition, lack of foreign exchange results in devaluation of the Egyptian pound, which considered the main cause of inflation in the Egyptian economy. 4. Financial System and Economic Development Goals This section examines the efficiency by which the Egyptian financial system allocates and directs savings to achieve economic development goals. 4.1Efficiency of Utilizing Savings As mentioned before, carrying-out investments is the cornerstone of any economic development process. While savings are the main resources in the process of carrying-out investments, then it is useful to measure the efficiency of utilizing savings (the ability of savings to carry-out investments). In this context, savings are considered inputs while investment spending is considered the output in the process of carrying-out investments. A Data Envelopment Analysis (DEA) methodology will be used to estimate the investment spending (output) frontier for the purpose of calculating the efficiency of utilizing savings (input) (Coelli T. J, 1996). Appendix (3) illustrates the results of output-orientated DEA for the production of single output (investment spending) using a single input (savings). The analysis shows three concepts of efficiency: Over all technical efficiency, pureShow MoreRelatedThe Economic Development Of The Financial System Essay2086 Words   |  9 PagesINTRODUCTION The economic development of most of the countries depends upon the efficiency of a well organized financial system. It is the financial system which is supply the necessary inputs for the production of goods and services in turn promotes increases the well being and standard of living of the people of a country. Thus, the financial system is a broader in term under its fold the major assets traded in they in the financial system are money and monetary assets. The major responsibilityRead MoreEconomic Development : The Republic Of Financial System1542 Words   |  7 Pagesin Central and Eastern Europe (CEE) have experienced a comprehensive financial transformation to help them reintegrate into the global economic market. The transformation with the purpose of improving economic development involved labor market, enterprises restructure, governance, policy, privatization and the most important one: financial system. Financial system plays an essential role in every country’s economic development. It helps reasonably allocate resources, provides risk-sharing opportunitiesRead MoreA Sound Financial Reporting System, Supported by High Quality Accounting Standards and Backed by a Solid Regulatory, Governance and Ethical Framework, Is a Pre-Requisite for Economic Development.2064 Words   |  9 Pagesâ€Å"A sound financial reporting system, supported by high quality accounting standards and backed by a solid regulatory, governance and ethical framework, is a pre-requisite for economic development†. Accounting has been around since the beginning of civilization and played an important role in the development of cities, trade and the concepts of wealth. Nowadays, business is very complex and therefore there is an increased need for providing accurate and reliable financial information. 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Woodchucks Poem Essay - 652 Words

â€Å"Eliminating the Pest† In the poem â€Å"Woodchucks† by Maxine Kumin, the speaker is in her garden and is annoyed with some woodchucks that are eating and destroying the produce in the garden. The speaker in turn tries to remove the woodchucks by using humane gas to kill them and when that is unsuccessful, she resorts to more violent means. This poem uses the annoying woodchucks to signify the Jewish people during the Holocaust by the Nazi Party. nbsp;nbsp;nbsp;nbsp;nbsp;In the first stanza of the poem, the speaker clearly identifies that some woodchucks are annoying her. To solve this problem, the speaker uses gas as a way to eliminate the pests quickly and painlessly much like the Nazis tried to eradicate the Jews from their presence.†¦show more content†¦The poor innocent woodchuck falls to its death in the beautiful roses below. nbsp;nbsp;nbsp;nbsp;nbsp;The second and third stanzas bring out the true violence in the speaker. She claims that she is a peaceful person but has been driven to violence. Thus natural selection is responsible for the woodchuck’s death, not her. This is just like the Nazis killing the Jewish people during the Holocaust. The Nazis saw the Jews as an inferior race that irritated them. The Nazis then took natural selection into their own hands and exterminating all the Jews. nbsp;nbsp;nbsp;nbsp;nbsp;In the fourth stanza, the speaker’s killing instinct has taken over her body. She shows no pity towards the woodchucks as she takes the mother woodchuck and shoots her, watching it fall to its helpless death. She then takes another baby woodchuck, looking in its eyes, and kills it. She continues to kill the rest like a trained assassin, or psycho killer driven by pure frustration. nbsp;nbsp;nbsp;nbsp;nbsp;The speaker’s actions are like that of the Nazis towards the Jews. The Jews began to revolt against the gas chambers, infuriating the Nazis. In return, the Nazis lower themselves to lower, more cold-hearted techniques used to extinguish the Jews, who they see as a nuisance. They began to break apart families, torture prisoners and kill some Jews face to face. nbsp;nbsp;nbsp;nbsp;nbsp;In the fifth and final stanza the speaker talks about trying to kill the old clever woodchuckShow MoreRelatedCompare/Contrast Traveling Through the Dark and Woodchucks1161 Words   |  5 PagesCompare and Contrast Essay In the poems â€Å"Traveling Through the Dark† and â€Å"Woodchucks† man must make a decision about nature in the most inconvenient ways. In â€Å"Traveling Through the Dark† the narrator is faced with, literally, a life or death situation, whereas in â€Å"Woodchucks† the narrator is faced under the Darwinian belief about killing. Both poems reveal the interpersonal relationship between man and animal as well as the moral dilemma that man faces with nature. 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He is best known for his book Walden, a reflection upon simple living in natural surroundings, and his essay, Civil Disobedience, an argument for individual resistance to civil government in moral opposition to an unjust state. Henrys books, articles, essays, journals, and poetry total over 20 volumes. Among his lasting contributions were his writings on natural history and philosophy, where he anticipated the methods and findings

Koreanovelas Now a Better Media than Local Teleseryes Free Essays

Eventually, some would start to watch every episode of these shows, seeing it as â€Å"something new’. In contrary, Korean dramas, locally known as Cornflakes, have been aired in our country for more than a decade now. In fact, a lot of people grew up watching them. We will write a custom essay sample on Koreanovelas: Now a Better Media than Local Teleseryes? or any similar topic only for you Order Now These shows are really nothing new to us, but why do we patronize them? Why do a lot of people prefer them over our own shows? It’s mainly because we’re seeing something different, better and fresh in Cornflakes. Cornflakes are undeniably one of the latest trends in our country, making us one of the places greatly hit by the throng current of the so-called Halley wave or Korean wave, that refers to the rapid spread of Korean entertainment in Asia. The Halley wave consists of mainly Cornflakes, Korean pop (Kop) music, fashion, cosmetics and home appliances, though it is believed that Cornflakes are the ones that started it all. Cornflakes have reached our country in the year 2003, Bright Girl being the first show of this type to be shown. Cornflakes aren’t an instant hit here in the Philippines. It only reached the first peak of its popularity through the show entitled Endless Love. The said drama is greatly known through the say recognition of the names Johnny and Jenny, the Pipelined names of the characters of the story. This was greatly followed by the success of Lovers in Paris, Full House, Jewel in the Palace, Stairway to Heaven, and many more. Since then, Filipinos have been keeping an eye out for the next Cornflakes to be shown in the country. Though we are greatly aware of the popularity of Cornflakes in our country, there has been no concrete idea or concept on why these have gained a great number of Filipinos patronizing them. (For You In Full Blossom, 201 1) There are two possible reasons behind the fast entry ND widespread patronizing of Cornflakes in the Philippines: (1 ) Cultural globalization of Korea and (2) Cultural neo-colonialism of Korea in the Philippines. According to weeklies , cultural globalization is the rapid movement of different ideas, attitudes, and values across national borders that results to the standardization of cultural expressions in different countries. The Halley wave is one example of cultural globalization. Now that it is considered as a big part of Koreans export materials, their culture and ideas involved in the wave are rapidly spread all throughout the globe, specially in its neighboring Asian countries. Neo-colonialism, on the other hand, refers to an extension or maintenance of influence of a country over another (Merriam-Webster, 2014). In a study conducted by Aimer Associable and Johnson Eosin of the Mindanao State University entitled â€Å"Koreans Philippine Invasion†, it stated that the Philippines is now under the neo- colonization of South Korea. It is described as a form of colonialism that uses diverse art and culture to influence another country or area. Such colonialism is described as enjoyable and exciting and not bloody r catastrophic and that is the reason why Filipinos are not fighting against it, but instead are patronizing it. (Associable, Eosin, 2013) As part of our culture, Filipinos are very accommodating, not only towards new people but also towards new ideas. This is one of the reasons why we welcome the perspectives of other countries easily and without hesitation and thus forming the idea that â€Å"anything foreign is good†. Even before Cornflakes reached the Philippines, there has been a number of foreign TV shows that have been aired here in the country, such as Marimba (1996) from Latin America, and Meteor Garden (2003) from Taiwan. For You In Blossom, 2012). Popularity in our country mainly refers to the number of viewers of the show, and the shows mentioned were considered successful due to the high number of followers that watched them. In the same way as people in the Philippines welcomed Marimba and Meteor Garden, we accepted Cornflakes with open arms, even though the ideas from their shows are very different from ours and new to us. For example, Philippines was never an imperial country and the idea of a kingdom or an empire was not ordinary to us. But Cornflakes have offered to us stories of Koreans different misdoings and dynasties. Since this concept was not ordinary, it lead to people becoming more curious of it, budding questions like, â€Å"What does it look like? ‘ and â€Å"How does it work? ‘ and they watch the new shows to gain answers. In terms of new people, Cornflakes have offered to us new actors and actresses to idealize. Idealization refers to the excessive admiration of or devotion to a person (Merriam-Webster, 2014) and it has been a part of the behavior of Filipinos who love watching television to idealize. Idealization, in simple terms, means imitating their idols’ way of dressing and speaking and itching their every move and this is very evident nowadays, especially to the teenage generation. We can see people now on the streets wearing clothing and (sometimes) hair with cheerful colors, imitating their Korean idols. Not only are those, but people also are now very fond Of eating Korean food and some also learn the Korean language, also known as Handful, which are commonly seen and heard in Cornflakes. In this whole process of cultural globalization and neo-colonization, Koreans striver to improve a lot of aspects in their dramas. Now, its not only because Cornflakes are a part of the Halley wave. It is now about having the high quality sets, artists and plots that piques the interest of the eyes of the Filipinos. Though both of the dramas from Cornflakes and our local telemeters are good sources of entertainment and cultural knowledge, Korean dramas are better than Filipino dramas in terms of the different elements involved in the production of these television series such as the story line and pace, staging and blocking of scenes, and the actors and actresses that portray the drama’s characters. Despite the growing popularity of Cornflakes, their ratings on our local Hansel have remained low, relative to our local telemeters. How to cite Koreanovelas: Now a Better Media than Local Teleseryes?, Papers