National Savings Essay

â€Å"National saving can be used domestically or internationally. Explain the basis of this statement, including the benefits to the nation of each use of its saving. † First of all, let’s understand the concept of national savings. In economics, a country’s national savings is the sum of private savings (i. e. personal savings) plus the business savings (i. e. undistributed corporate profits) and public savings (i. e. tax revenues less public expenditure). (economicswebinstitute. org, 2003) & (Wikipedia. org, 2008). So in simple words, what people save i. e. hen they avoide to consume all their income, is called â€Å"personal savings†. These savings can remain on the bank accounts for future use. For the economy as a whole, national saving is the portion of the nation’s income not used for private and public consumption. Just as for people, saving for the national economy is the act of setting some of current income aside for the future instead of spending it for current consumption. (Gao. gov, 2001). So the savings left in bank accounts are an important part of money. This money could be used by banks, which can decide to finance businesses. The amount of money used for investment depends on the deposits, which banks receive. So an increase of personal savings and/or corporate profits could increase investment. Companies which do not distribute a certain part of its corporate profits, will keep that money in bank accounts also for future business opportunities. Domestic investment could be investment in new factories and equipment, which can increase productivity of the nation’s workforce. The increased productivity, in turn, will lead to higher wages and greater economic growth over the long term. Gao. gov, 2001). So we come to the first conclusion that if national savings increase, a country through its banks could invest more in its economy and finance more projects and support the economy. In general, more national saving will increase a nation’s capacity to produce more goods and services and generate higher income in the future. (Gao. gov, 2001). This phenomenon has been seen in a couple of Asian countries, where the saving rate of households was very high like in Russia, Japan and China, which were able to industrialize quickly. It seems also that there is a close association between national savings and domestic investment in developing countries. These countries are in desperate need for cash to invest in infrastructure and boost its economy including industry, service, etc. Before going to the international market and asking for loans, these countries will first of all make use of every penny that they can find in their banks. So one of the main findings, is that national saving provides resources for a nation to invest domestically. Traditionally, there has been a strong relation between domestic savings and investment ratios. feweb. vu. nl, 2009) The question now is: will these resources be used only in the country itself or could they be used elsewhere. In a closed economy the national savings will definitely be reinvested in the domestic economy. But this is only in theory, since nowadays we can not really find a 100% closed economy anymore! There are countries that have high net saving surpluses and which need to invest it. These countries are sometimes too small to be able to offer the right investment opportunities for this huge liquidity. Countries in the Arabian Peninsula like Qatar, UAE or Kuwait are the best example. In addition, capital is getting very mobile and can be moved easily from one country to another and invested abroad. (wikipedia. org, 2008). With all that money floating around looking for an investment, it doesn’t seem that domestic savings are all that important any more. (socrates. berkeley. edu, 2011). Let’s elaborate more on the benefits of investing the national savings abroad? We agree that the sum of national saving and saving borrowed from abroad represents the total amount of resources available for investment. This investment could be used to purchase capital goods like plant, equipment, software, houses, and inventories, by businesses and governments. (socrates. berkeley. edu, 2011). So what are the benefits of investing the national savings abroad? Will this really lead to improving domestic economy and increase the wealth of the people? An investment abroad does indeed increase the nation’s wealth and will generate income. This income could be again reinvested in the domestic country or abroad. One of the very obvious examples is the economy of the GCC countries. Qatar is one of the smallest and wealthiest countries in the world. Its main wealth comes from oil and gas, which accounts for more than 90% of its GDP. Qatar invested huge billions in its domestic economy (infrastructure, refineries, ports, real estate, preparation for world cup 2022, etc). It still has huge amount of money, which could be invested strategically. It currently, invests billions of petrodollars in all 5 continents. It has bought shares in big companies in all kind of industries (oil and gas, banks, luxury, airlines, soccer etc). By doing so, it will even help other companies and countries invest in successful businesses and boost their economies. The other countries probably have national savings which are lower than the needed domestic investment. They will borrow from foreign savers (in this case Qatar) to compensate the difference. Qatar will also repatriate this money or even reinvest it. This is a way to create more wealth to Qatar and the Qatari people of the next generations. A similar phenomenon is seen in other GCC countries, Singapore or Norway which have the so called sovereign wealth funds, that move huge amount of money from one place to another searching for the best investment opportunities. National savings is beneficial for each nation,, which needs to invest in its domestic economy. It’s also important for other nations, which borrow the money in the international capital market. By doing so, they can make use of the capital flows to invest in their economies and pay back the loans. So in total the world economy is more dynamic. Huge amount of money go to where the investment opportunities are. As a conclusion, we can say that national savings and the resulting investment have huge implications on the wealth of a nation and of course on the well being of people in current and future generations.

Ajay Bam Essay Example | Topics and Well Written Essays - 500 words

Ajay Bam - Essay Example (MacGregor, 2001) He wanted an MBA so he enrolled at Babson. He had a vision to put-up Vayusa so he set out to find people who could help him and sources of funds for his venture. Amazingly, he was able to juggle setting up Vayusa while completing his MBA degree. Lastly, Ajay was enthusiastic about the business he wanted to set-up because he had personal experience of what it was like not to have Vayusa. He knew the convenience it was going to bring to both consumers and merchants. This enthusiasm was a key in acquiring the people and funding he needed. This resulted to his diligence and persistence in meeting people and following-up tasks. A rocket pitch is a 3-minute presentation, usually via 3 Powerpoint slides, of several entrepreneurs’ business plans to a large audience made up of, among others, investors and service providers. (BABSON, 2012) Ajay’s pitch was sound. Vayusa had more than what competitors individually offered. However, a potential investor would have a few concerns such as stability and long-term security against fraud. Indeed, Vayusa may offer more than the other loyalty programs and wireless payment companies. Nevertheless, combining both in a mobile application which is Vayusa is the first of its kind. There is no current measure if this kind of business will be successful. Moreover, in a world where computer hacking is very common, there is no existing proof that the Vayusa system is not â€Å"hackable†. In addition, there is the concern of probable mobile charges in the future for using the Vayusa application. If the business does become successful, consumers will be using their mobile phone services more. Still, given the benefits of Vayusa and the fact that it could be the first successful business of its kind, it would be a good investment. As of now, Ajay has a prototype and a team composed of himself, the driven leader, and experts from companies such as NYNEX, Citibank, GenRed

The community paramedic Essay Example | Topics and Well Written Essays - 500 words

The community paramedic - Essay Example This helps in the identification of all the relevant facts about the patient and communicating it to the team in order to avoid the misunderstanding of what may arise particularly the level of expected care. The communication tool that may be used could be written, verbal, or both. Members of the health care team may use a record and read back process before actually taking an action on either a verbal order or verbal report of essential test results of patients (Epstein et al., 2005). Verbal communication such as telephone call or face-to-face conversation may be used. Face-to-face communication is more preferable since it allows for close and direct interaction between the health care team and the patient. Face-to-face communication also provides nonverbal information expressed by facial expression and body language. Written communication, on the other hand, assist the health care team to convey clinical information in an organized manner (Lyndon, 2006). It also provides the patient with hard copy of background information that is computer-generated for reference. There should also be documentation of all interactions between the health care provider and the patient in order to help in making referral. In order to improve the care coordination, there should be a close working relationship between the community paramedic and the patients and a well as their family members. The community paramedic should develop personal relationship with people with a chronic disease by accessing their homes. They need to constantly remind the patients of the forthcoming appointments. Involvement of the family members ensures consistency of care to such patients because family members are in close contact with the patients and are able to monitor them very effectively (Bodenheimer, Wagner, & Grumbach, 2002). The family members are able to arrange for the

Review the sound recording and music industry Essay

Review the sound recording and music industry - Essay Example Another important role in the music/audio industry that requires music technology and audio recording skills is the role of the Sound engineers. They must also possess the ability to recognise and describe the quality of musical sounds and other sounds, in order to be able to adjust and balance these sounds creatively. â€Å"Sound engineers also need to listen for different types of distortion. Music producers need to listen for intonation and timing problems, and DJs need to refine their listening skills in order to match speeds and keys and to recognise points at which to mix.† (http://www.wolvcoll.ac.uk/international/courses/music_tech.html) When working in the audio/music industry, whether as a recording or creative artist, or even in a managerial or supporting role, it is vital to plan and work towards the production of effective final studio products, so that these products can be marketed to the right target audience. Thus, during the planning of a recording session, or any music project, â€Å"effective teamwork is essential and is only possible when everyone involved understands the process.† (http://www.ehow.com/way_5471252_effective-teamwork-care-settings.html).

Auditing Essay Example | Topics and Well Written Essays - 2500 words - 2

Auditing - Essay Example The audit activity at Farhan Muscat SAOG Company revealed that due to the inappropriate keeping of financial records for the current financial year in Salalah stores (water seepage during heavy rains), it became impossible to make an audit, which a senior auditor was going to conduct. While the company staff was informed about the stick take for the certain period to be conducted in the most convenient time, their other duties, such as movement of goods production receiving and dispatch operations continued. Purchases and sales were not stopped and other daily operations were continuing. During the audit, there was revealed that the some stock items of the company were not sold throughout 2014. The storekeeper reported these goods were included in the regular stock and were also valued as regular stock. The adudit inspection observed manager was carrying out all-inclusive check of the low priced stock, however, the premium stock was not counted. The results from the audit revealed the paucity of time of company’s management led to the inability to gather the necessary information about the stock and make the stock sheets at other locations across the country. According to the audit group results, damaged, obsolete, slow-moving stock and non moving stock was valued at purchase price by the company. The manager was informed about such stock to make a little part of the entire stock and is valued at purchase price. As a rationale, since physical inventory cannot be protected from loss, the company could prevent a material misstatement of its financial statements. The material deficiency relates to misstatement of the financial statements, and the failure of such preventive control will not lead a significant deficiency. However, it prevents a misstatement of the financial statements. This circumstance had to be carefully considered before it was

Diamond Wipes International Essay Example | Topics and Well Written Essays - 1250 words

Diamond Wipes International - Essay Example The company has an annual revenue of around fifteen million dollars and employs over 100 people now. Yen had no former experience as a business owner or as a manager but she managed to pursue her enterprise to come to the top. Diamond Wipes International was featured in Fortune Small Business as well as other prestigious business avenues. The journey has not always been smooth for Eve Yen given she had little management and business experience when she started out (Longnecker, Petty and Palich). This case study will look into various choices made by Eve Yen in context of her company’s management and business choices to decipher their success. Recommendations will be provided for areas where improvements could be done. What leadership style did Eve Yen use with her employees? Describe her actions that support your choice. Eve Yen can be seen largely as a democratic and an affiliative leader in most of her actions. Eve’s respect for other people’s opinions especial ly her employees opinions before making large decisions reflects that she acts as a democratic leader. In addition, Eve’s close relationship to her employees and her sensitivity towards her employees shows that she is an affiliative leader (Longnecker, Petty and Palich). What aspects of Eve’s leadership approach directly or indirectly affected the problems that developed? Clearly explain the connections between Eve’s behaviors and the resulting problems. A business leader must wear many hats at the same time in terms of being a leader. Among other leadership styles, the leader must be authoritative where required. This does not mean that the leader must be authoritative at all times but it does indicate that the leader must act authoritatively where he feels it is required. The lack of management experience meant that Eve Yen acted too personally with her employees in terms of leadership style. This meant that employees saw her as a weak character whose instruct ions and set objectives could be ignored (Lerner). In addition, Eve’s lack of character judgment meant that she hired the wrong people for the right positions. As a consequence of this bad decision making, the company lost money as the newly hired people failed to perform their duties as per the settled objectives and provided instructions. Another major shortcoming on the part of Eve Yen as a leader was her lack of consideration for short term and long term objectives. A good leader must have the ability to stand above everyone else and see beyond the horizon. Only this can allow a business leader to guide his team in the right direction. However, Even Yen failed to look beyond everyone else and faced numerous challenges as her organization was expanding. Being a leader, Eve Yen should have speculated what was required to expand especially for a rapidly expanding company like Diamond Wipes International. Explain why entrepreneurs in general have difficulty being effective or ganizational managers. How does Eve Yen reflect these characteristics? As mentioned before, an entrepreneur must wear many different hats at the same time in order to be an effective leader. Most entrepreneurs wear one leadership style that suits them and then try to make employees attune themselves to that leadership style. However, individuals working for an organization differ in their thinking and approach to work. The business leader must be ready to deal with differentiated individuals by being a wholesome leader for all employees. In order to deal with this dilemma, the business leader has to be prepared to work as a dynamic leader who keeps shifting his leadership style as the situation requires of him. Ineffective organiza

What is a good parent Essay Example | Topics and Well Written Essays - 500 words

What is a good parent - Essay Example Children need to be loved unconditionally by their parents so that they do not look for love outside home. Children who are brought up in harsh environment can end up having violent and hostile behavior. A good parent should make sure that the health of their children is in good condition. Children should be provided with nutritious food and exercise to maintain excellent physical status. Children also should be taught healthy eating habits to ensure that they do not end up ruining their health with bad foods. An ideal parent also should ensure the safety of their children by introducing them with clean and safe habits. Parents should also allow considerable freedom to their children, so that they do not feel pressured or forced in to things. Normally children consider their parents as their role model and absorb their habits and living pattern. So it is very essential for parents to exhibit right behavior in front of their growing children. Parents should always show concern and interest for their children and involve in their life extensively .Parents should not be too strict with children; they need to feel comfort in approaching parents at any case. Parents should also give due respect to the privacy of their growing up children. A good parent also is a good friend to their children. A child should be able to share their problems with their parents and this is possible only if parents love, affectionate and understanding. Parents should not argue or hold fights in front of their children as it could lead to mental stress among children. Parents should also be careful to avoid favoritism among children as this can lead to revenge and grudge among siblings. It is important to be fair and just to children in order to avoid contempt and discomfort in the mind of a child. Parents should not give away too much financial allowance to children as they can end up indulging in