Fundamentals of Business Law and Ethics Discussion Essay

Basics of Business Law and Ethics Discussion - Essay Example Most inquiries accept that the mortgage holder is in a townhouse that must be administered by the Condominium Act. The principle utilization of the Services by all the Members, is a dependent upon all the relevant neighborhood, national, state, and worldwide standards and guidelines just as the necessary laws. The labeled stores the right, and doesn't expect any obligation, to screen the Services to uphold this Agreement. While learning of all the infringement of this Agreement. It is labeled at its sole carefulness that is ended in the entrance to and utilization of the Services that is necessitated that one amends such infringement, or take whatever other required activities that Tagged the most proper and uphold the fundamental rights and seek after all the accessible cures. For example, this is a private and common kind of laws .Gun proprietors will in general make the lawful buys that are required to pass a government historical verification and in many nations must satisfy the majority of the guidelines that acquire and convey or give consent, for example, age and preparing. Open and common kind of laws. Title VII of the Civil Rights Act of 1964 denies most segregation in recruiting, and advancing, releasing, paying, incidental advantages, giving occupation preparing, characterization, referral, and different parts of business, based on race, shading, religion, sex or national birthplace. The lowest pay permitted by law in Ohio increments by 15 pennies 60 minutes. Strategy Matters Ohio, a non-factional association that reviews Ohios economy, says the expansion will support the wages of in excess of 277,000 Ohio laborers. Voters in Ohio endorsed a sacred change in 2006 that calls for yearly increments in the time-based compensation. In 2011, Governor Kasich made CSI and put it under my authority, and since that time we have been pushing ahead to smooth out Ohio’s business guidelines and help make Ohio more business-accommodating. This report features our endeavors in 2013 to expand on the achievements of CSI’s initial two years, and is attached to the objectives

Analysis Of Athena In The Odyssey English Literature Essay

Examination Of Athena In The Odyssey English Literature Essay Following ten years, the Trojan War is finished and the Achaeans head home. Some legends of the war, similar to Nestor, return home rapidly to discover things essentially as they left them. Others, similar to Agamemnon, show up home to discover things extensively changed. Still others, similar to Menelaus, meander around for a period yet in the end get back securely. Odysseus, then again, has been experiencing no limit of difficulty returning home. As the story opens, we end up in the tenth year since the finish of the war, an entire a long time since Odysseus previously left his home and spouse Penelope to cruise off for Troy with the remainder of the Achaean powers. From that point forward Telemachus, the child of Odysseus has grown up without a dad thinking about whether he will at any point return home. Envision, maybe, that you are in a world that isn't of your own. Hear you can walk uninhibitedly in any structure you need. Each word you express and each move you make can influe nce the lives of millions and cost them everything. In any case, on the off chance that you can unite those individuals, and draw in them in the trial of their lives you would have been the rescuer and defender of those individuals. This is the job of Athena in Homer’s epic â€Å"The Odyssey†. In this exposition I will dissect Athena’s significant job of insurance and direction all through the epic, and how her utilization of camouflage and change influences their inspiration and decisions in the epic sonnet. Athena the goddess of insight and technique, a shape shifter of numerous structures, and little girl of Mã ©tis and Zeus, assumes as noteworthy job all through â€Å"The Odyssey. While she does every so often judge human activities, the prevailing job she plays is to offer test and security to both Odysseus and Telemachus. The goddess Athena turns into their main defender, and she is only here and there far away from Odysseus or his child. All through the epic Athena imparts certainty into Telemachus and helps him in his movements and excursion into masculinity. She persistently helps Odysseus, offering him guidance and viable help. Athena’s job isn't only that of helping Odysseus and Telemachus; she likewise helps in their advancement as characters, showing them tolerance, quietude, and limitation. From her first demonstration of help to her last peacemaking, she is generally answerable for the turn of events and finish of the plot. Telemachus’ wanders off in fantasy land before meeting Athena just because: â€Å"㠢â‚ ¬Ã¢ ¦sitting among the admirers, heart fixated on pain. He could nearly observe his glorious dad, here㠢â‚ ¬Ã¢ ¦Ã¢â‚¬  (B1:L134-136). Growing up without his dad Odysseus, the main information Telemachus is aware of him are just the tales advised to him by his consorts. With all the admirers wandering unreservedly through the incredible corridors of his father’s castle, pursuing his mom Penelope’s turn in marriage, Prince Telemachus is left sad to stop them. Athena utilizes her incredible abilities of system and intelligence to rapidly figure out how to move our saint Telemachus to travel to discover his dad. She shape shifts into Odysseus’ old companion Mentes, and predicts that Odysseus is as yet alive and that he will before long come back to Ithaca.†Take my words to heart. At dawn gather the islands masters to full get together, provide your requests to all and call the divine beings to witness㠢â‚ ¬Ã¢ ¦ sail in journey of updates on your tragically deceased father,† Athena pronounced (B1:L315-325). With these uplifting statements, Athena utilizes her mask to impact the ruler to discover his dad. On the off chance that it not for Athena, Telemachus may have taken his dad for dead and urged his mom to wed one of her suitors. The venture is additionally significant in light of the fact that the excursion of Telemachus has a signi ficant influence of him turning into a man all alone.

The Absolute Guide on How to Write a Resignation Letter

The Absolute Guide on How to Write a Resignation Letter In the employment journey, the employee has to write the resignation letter. But most of the employees dont know how to write a resignation letter. In this blog, we are going to share with you everything about the resignation letter:- Meaning of Resignation Letter Summary Meaning of Resignation LetterWhat to write in a Resignation LetterHow to write a resignation letterDos and DontsDos-Donts-Resignation Letter FormatFirst ParagraphMiddle ParagraphFinal ParagraphSample for Formal Resignation LetterConclusion The resignation letter is an authorized letter sent by an employee to their employer of giving notice. That they will no longer be able to work in their organization or business. The main objective of a letter of resignation is to maintain an authorized record of notice, details, as well as about the employees working period and any other information. It can be said an official letter of quitting. It shows your intentions of leaving a company and making a resignation for it. What to write in a Resignation Letter A resignation letter should contain the following facts: A statement with a reason for leaving your jobThe name of your official staff positionThe name of your departmentA highlight of your working periodGreatness to your employers for hiring you in the companyWell wishes to your companys future workYour contact info How to write a resignation letter A resignation letter is written for leaving any company/business/organization in which you are currently working. The formatting of a resignation letter is formal. It should not be challenging or in a provoking manner. If you are having any personal issues with your company. Then you can deal with your manager personally instead of writing it in the resignation letter. The reason for resigning from the company should not be included in it because it can create conflict between you and the employer. Dos and Donts Some crucial facts are concerned with writing a resignation letter, so make sure you have written your resignation letter carefully and appropriately. Dos- Make it clear- A resignation letter is a final statement of you to the company, so make sure you use an explicit language and avoid all the complicated matters. Its always good to establish clarity in your relationship, whether it is professional or personal.Keep it positive- It should be written positively so that the employer would regret letting you go. Making it positive can eliminate the conflict between you two and can create a sense of respect.Provide a formal letter-The letter should be formally written; no personal arguments should be in the resignation letter.Offer to help at the time of Change-It can be very ethical if you offer to assist the other staff during the change. Donts- Talk about the new job-As you are leaving the company then it would be inappropriate to talk about your new job because there is no guarantee in it that your new job will work-out or not, so do not create a situation in which you wont be able to speak with your employers again.Reason for resigning- If you are leaving a job, then there must be any reason, maybe it can be a conflict with your Boss or any other personal problem. So its not the right time to speak about your intentions in the letter. Sample of a Formal Resignation Writing- There is an example of writing a formal resignation letter, which can help you to learn a practical approach for writing a resignation letter.` Resignation Letter Format The above resignation letter format will show you the manner of writing/style a resignation letter Contact infoFirst Last NameAddressCityMobile numberEmailDateTitleSalutationMr. / Ms. Sir/Maam First Paragraph Your letter should say that you are resigning from the company and state your position in the company. Middle Paragraph The next part of your resignation letter should state that you are thankful to your employer for providing you with the chance to work in the company.   Final Paragraph End-up your resignation letter with greatness by offering to help with the transition. Close-up Respectfully yours Signature Typed Signature Sample for Formal Resignation Letter The letter will show you an example to write a resignation letter Conclusion The whole study has shown you the method and ways of how to write a resignation letter. As we have indicated earlier, the letter consists of a formal way of writing. And should be stuck to the point. You should not add unnecessary things and concepts in the letter. We have shown you all the facts, methods, what to do, or what not do while writing a resignation letter. Apart from this, if you have any problems relating to the concept of writing a resignation letter, then please consult with us. Our experts who are having the skills of teaching you the facts relating to the resignation letter would be glad to share their expertise with you. Submit your requirements with us.

Functional Math Skills That Support Independence

Functional math skills are those skills that students need to live independently in the community, care for themselves, and make choices about their lives. Functional skills make it possible for students with disabilities to make choices about where they will live, how they will make money, what they will do with money, and what they will do with their spare time. To do these things, they need to be able to count money, tell time, read a bus schedule, follow directions at work, and know-how to check and balance a bank account. Functional Math Skills Before students can understand numbers and numeration, they have to understand one-to-one correspondence. As they count, they need to be able to match each item or items to a corresponding number and understand that the number represents a matching or a corresponding number of items. One-to-one correspondence will also be helpful in such household tasks as setting the table and matching socks. Other functional skills include: Number recognition: This includes recognizing and being able to write the 10 digits, and then recognizing place value: ones, tens, and hundreds.Skip counting: Skip counting by 5s and 10s to 100 is important for understanding time (such as five-minute increments on an analog clock) and money. Teachers can use a hundreds chart or on a number line to demonstrate skip counting.Operations: Its vital for students to have a grasp of addition and subtraction. At a later point, if your students have an understanding of these two operations, it may be possible to introduce multiplication and division. Students with special needs may not be able to develop the ability to do the math operations themselves independently, but they can learn how the operations are used in order to use a calculator to do calculations, like balancing a bank statement or paying bills. Time Time as a functional skill involves both understanding the importance of time—such as not staying up all night or not missing appointments because they dont leave enough time to get ready—and telling time on analog and digital clocks to get to school, work, or even the bus on time. Understanding time requires comprehending that seconds are fast, minutes almost as fast, and hours much longer. Students with disabilities, especially significant cognitive or developmental disabilities, may have behavioral outbursts because they are stuck on preferred activities, and dont realize they will miss lunch. For them, building an understanding of time may involve a visual clock, like a Time Timer, or a picture schedule. These tools help give students a sense of control over their schedule and an understanding of what happens and when during their school or even home day. Parents may also benefit from having visual schedules at home. For children with autism spectrum disorders, it can help avoid long periods of self-stimulatory (stimming) behavior, which may actually undermine progress they are making at school. Teachers can also pair telling time with understanding the concept of time, for example, that 6 a.m. is when you get up and 6 p.m. is when you eat dinner. Once students can tell the time to the hour and half-hour, they can progress to skip counting by fives and telling time to the nearest five-minute interval. A geared clock, such as a Judy clock—where the hour hand moves when the minute hand goes around—helps students understand that both hands move together. Money Money, as a functional math skill, has several levels of skill: Recognizing money: pennies, nickels, dimes, and quarters.Counting money: first in single denominations and later mixed coinsUnderstand the value of money: budgets, wages, and paying bills Measurement Learning measurement for students with special needs should involve length and volume. A student should be able to use a ruler and even perhaps a tape measure for length and recognize inches, half and quarter inches, as well as feet or yards. If a student has an aptitude for carpentry or graphic arts, the ability to measure length or size will be helpful. Students should also learn volume measurements, such as cups, quarts, and gallons. This skill is useful for filling tubs, cooking, and following directions. When cooking is part of a functional curriculum, a knowledge of measures of volume will be helpful. Students should be able to choose what they will cook, and find and read recipes. Familiarity with measuring volume will help students who want to pursue work in culinary arts, such as a kitchen assistant.

The Deployment Of Economic Sanctions On The International...

The deployment of economic sanctions on the international stage by states to influence the behavior of other states has become the norm in International Relations. Despite the increase in popularity of this practice over the course of the past century, the question of its efficiency is one that is still debated and remains unanswered. The idea that putting economic pressures on a country to illicit a certain behavior or change in behavior from that country works in theory, but in practice, it is more complicated and does not necessarily work the way that theory suggests it should. Some economists and policy analysts have taken the approach of deconstructing the subject in order to consider what variable may or may not affect the efficiency†¦show more content†¦Positive sanctions are meant to foster relations between countries. Negative sanctions are intended to cause another country economic harm. The debate around economic sanctions typically focuses on the negative kind. S anctions can be unilateral - from one sender country to one target country - or multilateral from multiple countries. Multilateral sanctions can be orchestrated by one main country supported by other countries, or they can be sent under the auspices of an international organization. Raul Caruso distinguishes three different kinds of negative sanctions – boycotts, embargoes, and Kassim 3 financial sanctions. A boycott is the restriction of imports from the target country; embargoes are restrictions on exports to the target country; financial sanctions are restrictions on investment in the target country (Caruso â€Å"Should We Set† 23). Kaempfer and Lowenberg posit that economic sanctions can be proposed for the following three reasons: in response to a nation that threatens the wealth or security of the sender nation; to achieve moral or ideological goals; as a part of trade policy and commercial relations – i.e. in response to tariffs or quotas (Kaempfer 2). The question of whether or not sanctions are efficient is a difficult one to answer. A major contributing factor to this difficulty is the lack of a universal standard for gauging success. Analysts create the criteria by which to judge success, and these criteria are not accepted by

New paradigms for health care delivery Free Essays

Changes occurring in Health care delivery and Medicine are the result of social, economical, technological, scientific forces that have evolved in the 21st century. Among the most significant changes are shift in disease patterns, advanced technology, increased consumer expectations and high costs of health care. These factors have redefined medical practices to fit into the changing health delivery system. We will write a custom essay sample on New paradigms for health care delivery or any similar topic only for you Order Now Many health care professionals have come to the conclusion and belief that they will be compelled to explore new paradigms for health care delivery in the future like electronic medical record keeping, telemedicine, computer-based diagnostics and health monitoring to keep pace with the changing scenario. This is due to the accountability of the medical profession today and changing disease patterns. Doctors are under increasing pressure to keep up to date and to base their decisions more firmly on evidences as opposed to anecdotal information of the past. Patients are much more informed than they were 10 years ago. No doctor can tell a patient what to do without being questioned today. Further, with the advent of concepts like informed consent and advance directives, such scientific changes gain relevance. ELEMENTS OF THE NEW PARADIGM The use of electronic documentation is becoming increasingly prevalent in terms of convenience. The National Academy of Sciences report states that the US health care industry spent between $10 and $15 billion on information technology in 1996. Much of this expenditure is attributed to creating electronic records systems and converting conventionally stored data to electronic formats.   There are many software programs specially developed for electronic record keeping. This includes ‘Doctors partner’, an advanced Electronic Medical Records (EMR) System with Integrated Appointment Scheduling Billing, Prescription Writer, Transcription Module, Document Management and Workflow Management built to meet HIPAA standards. ‘Practice Partner Patient Records’ is an award winning electronic medical records (EMR) system, allowing practices to store and retrieve patient charts electronically. There are innumerable such branded medical record softwares available today. The standards in practice for EMR include ASTM International Continuity of Care Record , ANSI X12 (EDI) CEN , EN13606, HISA, DICOM , HL7 ,ISO   and openEHR . (Ringold et.al.,2000). The American Medical Association and 13 other medical groups representing 500,000 physicians have signaled their intention to go electronic with the AMA formed   Physicians’ â€Å"Electronic Health Record Coalition† to recommend affordable, standards-based technology to their constituents. President Bush has also promoted a nationwide computerized medical records system in a recent visit to a children’s hospital at Vanderbilt University. Scientific innovations have found a niche in complicated medical procedures as well. A recent study successfully has evaluated a bar code patient identification system, which involves a hand-held computer for sample collection and for compatibility testing administration of blood. (Turner et.al, 2003). A recent research article (Sandler et.al, 2000) reports of a solid phase and micro titer plate hemagglutination method for pretransfusion compatibility tests. This I-TRAC is an automated process of blood matching with improved serological sensitivity and standardized compatibility testing supporting electronic record keeping and linking to a bar code identification system. San Raffale Hospital in Milan, Italy, has recently collaborated with Intel and CISCO systems to use wireless-enabled infrastructures and Radio frequency identification (RFID) technologies. The system uses RFID-radio frequency identification technology to address the sources of   human and systems error in blood transfusion supply chain. This pilot programme has been   implemented at the 1,100 bed San Raffale hospital where more than 15000 blood transfusions are done every year. The CAT (Computer Aided Tomography) is yet another revolution in medicine which combines the X-ray technology with computer signal processing to generate images of tissues of the body obscured by other organs. Magnetic Resonance Imaging (MRI) is a common technique used to scan pathological or physiological status of living tissues. Much is known about the computer aided continuous ECG monitoring with a play back facility for assessing the cardiac status of the patient. Today we are in a wonderful situation where we will be able to develop a drug based on computer analysis skipping a few phases of clinical testing. PERSPECTIVES ON THE PARADIGM SHIFT Thus, scientific innovations are part of the evolutionary process of the medical science. The basic instrument of a physician, the Stethoscope, the Sphygmomanometer used for monitoring the patient blood pressure, the Catheter, Radiotherapy, Chemotherapy, the EEG, ECG, EMG, Echocardiogram, Ultrasonic scan, to name a few were nothing but such scientific innovations integrated into the field of medicine in the nineteenth and twentieth century. Thus, Computer based telemedicine, medical record system, and diagnostic procedures are scientific innovations of the twenty-first century. Hence, it is nothing but a natural and moral obligation of the health care sector to integrate them into the field of medicine. Changes in financial incentives and health care delivery structures are producing new threats to health care quality (A.Brennan, 1991). The retributive measures are cumbersome and expensive. Hence, there is a need for more accountable health delivery system, which will enable application of modern scientific approaches to quality health care system. In this context, quality of the medical care depends on promotion of quality medical care by managed care organizations. REFERENCE Brennan, T, et.al, â€Å"Incidence of adverse events and negligence in hospitalized patients: the results of the Harvard Medical Practice Study†, New England Journal of Medicine 324: 370-76, 1991. Là ¦rum Hallvard, MD, Tom H. Karlsen, MD, and Arild Faxvaag, MD, PhD . â€Å"Effects of Scanning and Eliminating Paper-based Medical Records on Hospital Physicians’ Clinical Work Practice†. Journal of the American Medical Informatics Association 10: 588-595.2003. Ringold DJ , JP Santell, and PJ Schneider , â€Å"ASHP national survey of pharmacy practice in acute care settings: dispensing and administration–1999†. American Journal of Health-System Pharmacy 57 (19): 1759-75. 2000. Sauer et.al, â€Å"Errors in transfusion medicine† Lab Med. 32(4): 205-207, 2001. Turner et.al, â€Å"Bar code technology: its role in increasing the safety of blood transfusion†, Transfusion, 43(9): 1200:2003. How to cite New paradigms for health care delivery, Essay examples

World Trade and International Finance Essay Example Essay Example

World Trade and International Finance Essay Example Paper World Trade and International Finance Essay Introduction Investment portfolios are generally determined by two general factors: country risk and political risk. Country risk refers to the likelihood that changes in the macro environment adversely affecting the operating profits or the value of assets (domestic and foreign) in a specific country. There are three key phrases in the definition that are of importance to any risk analysis. First, only changes in the macro environment (economic environment) are perceived as significant variables in assessing country risk. Second, it is assume that country risk is probabilistic in nature. One can assume that the methods used in evaluating country risk are statistical in orientation. And third, it is assumed that the higher is the country risk, the higher is the chance for the operating profits or the value of assets to be adversely affected.There are several indicators of country risk. Here are as follows: 1) monetary controls used by central banks, 2) fiscal policies implemented by governments, 3) exchange rate conditions (whether a currency is protective, floating, or semi-floating), 4) level of tariffs or subsidies, 5) marginal domestic propensity to invest, 6) credit ratings, and 6) political risk. For simplicity purposes, the last indicator of country risk will be discussed in the next paragraphs. It is assumed that the higher the monetary controls of central banks, the lower is the probability that assets (foreign and domestic) will lose significant value. Monetary controls stabilize the value of assets in a given period of time. Because liquid assets are susceptible to changes in international money markets, central banks can issue ‘assurance’ bills that will guarantee the face value of such assets. However, monetary controls must not be overtly protective.Higher monetary controls mean lower returns for liquid assets. Fiscal policies pursued by governments also determine the level of country risk. High government spending drives aggregate demand upwards, increasing incentives to invest. However, the optimal level of spending must be carefully assessed. Excessive spending leads to high inflation and unemployment rates. Exchange rate conditions are also an important factor in evaluating country risk. A general depreciation of a currency is a signal for firms to shift their supply schedules to exportable goods. For foreign firms, it is also a signal to shift their production schedules to domestic goods (theoretical). In secondary markets, a depreciation of a currency relative to another currency leads to lower returns for foreign assets.An appreciation results to an increased demand for foreign currency. Depreciation, appreciation, and devaluation have significant bearing on the value (returns) of assets. The level of tariffs and subsidies are also important in evaluating country risk. A higher marginal domestic propensity to invest is an indication that a particular country has a rising economic growth (translated into real terms). A lower marginal domestic propensity to invest is an indication of low aggregate output. Translated into risk, a country with low aggregate economic output is relatively risky for foreign investment. Credit rating is another important indicator of country risk. A country with good credit ratings is a good avenue for increased foreign investment. A country with ‘bad’ credit ratings is relatively a risky avenue for investment (domestic and foreign). However, it is noteworthy that the level of risk associated with credit ratings is never a sufficient determinant in assessing the value of assets. For example, it is possible for an asset to increase steadily even if the reference country has ‘bad’ credit ratings. Value of assets is generally determined by the level of clearing in the secondary market, type of monetary controls used in an economy, and guarantees used by the issuing firm/individual.Health risk is a general indicator used by the United Nations (and its agencies) in assessing the health status of a particular country. Some of the factors assessed are as follows: 1) susceptibility to common ailments and diseases, 2) diet, 3) nutritional deficiencies, 4) consumption patterns, and 5) work-related illness. A country where a significant portion of its population exposed to common diseases has high health risk. The same goes with nutritional deficiencies. Third World countries have the highest levels of nutritional deficiencies, covering about 40% of its total population. Consumption patterns are difficult to assess because of subjectivity. However, it is a generally accepted rule that countries which approximate the consumption patterns of Western countries have low health risk. A country with high incidence of work-related illness has high health risk. However, such proposition should be structurally viewed. High income countries have different health risk patterns (with regard to work-related illness) than developing countries. It is possible for high income countries to have high incidence of work-related illness.Political risk is one of the most popular indicators used in assessing country risk. This type of risk refers to the complications businesses, individual investors, and governments face as a result of political decisions (public decisions). In technical terms, it is a type of risk related to political instability and government inefficiency in implementing economic reforms. Here, delineation between political risk and country risk must be established. Some books assume that the two concepts are synonymous. However, when viewed from the point of view of individual firms, there is a contrasting significance. Firms usually distinguish risks into two forms: economic risks and political risks. Political risk therefore would be limited to actions undertaken by governments, associated ideology of public governance, and the level of political instability. Country risk is measured by macro and global econom ic variables.Like country risk, political risk is probabilistic in nature. It is measured by variables (although some variables may be qualitative in orientation). The degree of prediction depends mainly on the depth of the analysis used in evaluating political risk and its relation to accepted theoretical propositions. For example, it is assume that a low level of political risk is not necessarily correlated to a high degree of political freedom. There are some states that are authoritarian but are stable (less political risk). Countries in Western Europe which have high degrees of political freedom are also politically stable. To further illustrate this case, there is a need to analyze the experiences of North and South Korea, Taiwan, and China.With the end of the Second World War, China erupted into a civil war. Nationalist were driven from the mainland. They established their seat of government in Taiwan. China became a Communist country. Mao directed the so-called ‘great leap forward’, an economic revolution designed to transform China into an industrial power. His policy, however, failed (as was the Cultural Revolution). With his death in 1976, Deng Xiaoping assumed the position as secretary-general of the CCP. He declared, â€Å"To get rich is glorious.† He initiated economic reforms that increased foreign investments in the country. Industries were also streamlined to meet world market demands.Finance analysts from World Bank and IMF classified China as a less politically risky country; that is, it was desirable for foreigners to invest in the country (Xiaoping even initiated a supra restructuring of the legal system to suit his economic policies. The same can be said about China. To prevent Communism from spreading in Taiwan, Chiang Kai-shek (former Chinese president and leader of the Nationalists) initiated a powerful land reform program. He destroyed the power of the landlords and introduced economic measures to increase foreign investments into the country. For the next 30 years, the country did not experience any major political turmoil. No political group could overthrow or at least effectively oppose the policies of the Nationalist Party (Kuomintang). Taiwan was then classified as a less politically risky country by international finance agencies. After the Korean War, the government of South Korea implemented economic reforms that increase national aggregate output. Since that time, economic growth of South Korea increased steadily. Politically, it was stable. International finance agencies put South Korea in the list of less politically risky countries.There are several things that one can learn from the experiences of the above-mentioned countries. First, political stability is related to economic growth. Once a country attains political stability, economic growth soon follows. Second, economic growth leads to increased foreign investment (because of low political risks). Improvement in the market in frastructure of a country coupled with a stable and efficient government is one of the determinants of low political risk. And lastly, political instability is an antithesis of economic development (economic development encompasses economic growth because it assumes the totality of the economic efficiency of the domestic market). Revolution, riots, and civil wars (which characterized the above-mentioned countries in the past) lead to poor economic performance.The World Bank and its agencies may succeed in their efforts to improve the investment climate in Third World countries. First, because Third World countries not very susceptible to the effects of the global financial crisis, loans provided by the International Monetary Fund are usually invested in long-term economic projects. Even if FDI from developed countries decline, the ratio improvement per capital may actually increase. And, second, Third World countries today are beginning to become less and less dependent on developed countries for FDI. This can be illustrated by the so-called ‘regional areas.’ Members of ASEAN which mostly are Third World countries are heavily involved in capital exchanges. These capital exchanges are designed to foster capital mobility among member countries in order to lessen dependence on FDI from developed countries. The significant growth of the capital infrastructure of Indonesia was the result of capital inflows from Malaysia, the Philippines, and India. Note here that the creation of ‘regional areas’ was a move initiated by the United Nations as a move to improve the investment climate in Third World countries. World Trade and International Finance Essay Thank you for reading this Sample!