Compare the IMF and the World Bank Essay Example | Topics and Well Written Essays - 1000 words

Compare the IMF and the World Bank - Essay Example Consequently, the paper will look at the institutions’ purposes, structure and size, funding sources and recipients of the funding. Most individuals find it difficult to distinguish between the IMF and the World Bank. Even one of its founding father (John Maynard Keynes) admittedly implied that he could not differentiate the two institutions during their inaugural meeting. The Bretton institution is a synonym for both IMF and the World Bank. This name originates from a New Hampshire village, USA where the institutions were founded in July 1994 by delegates from 44 countries. These two institutions are intergovernmental bases supporting the world’s financial and economic order structure. The United Nations setup the institutions with a division of labor notion. Both agencies are directed and owned by their member states governments. For example, the most populous nation (china) and the world’s largest industrial power (USA) are member states. Generally, nearly all nations on earth are members of both agencies. Also, both agencies task themselves with financial and economic issue of their member countries. Therefore, they dedicate most of their efforts to strengthen and broaden their member states’ economies. Additionally, both agencies’ members attend international conferences and use the same tone to speak (they both have economics as their main theme). Lastly, the institutions hold common annual meetings. These meetings are extensively covered by the media. The World Bank at its formation was assigned goals. Thus, it has a primary purpose of economic development financing. Its first loans were directed at the war torn economies of Europe during the 1940s. The bank refocused its goal to assisting the poorer nations after countries in Western Europe recovered and became economically self-sufficient. The bank has since advanced more than $330 billion dollars as loans to its members since its inception. Consequently, the World Bank

Human Resource Management Case Assignment Essay

Human Resource Management Case Assignment - Essay Example This is based on the fact that the organization is acknowledging their superior contributions or services. The rewards are aimed at motivating them towards sustaining or even improving their superior performances. ii. Employees with average performances get substantially smaller rewards or bonuses. This is aimed at encouraging them to improve their efforts by working harder so as to achieve greater rewards in the succeeding periods. iii. Employees with poor performances do not receive any increase in pay or bonus. This is to indicate that they need to improve their performance or seek alternative positions by leaving the organizations. Pay for performance strategy has been noted as one of the best motivating strategies for organizations that seek to enhance their overall performance. However, experts warn that organizations should support such a strategy using other alternative options because money is not the ultimate motivating factor. For instance, organizations are advised to als o include promotions, improvements in working environments or even involve employees in making decisions in addition to the pay for performance system (Chen & Hsieh, 2006). This will ensure that an organization addresses all the factors that motivate employees. Alternative Payment Approaches to Pay for Performance Lockstep pay The most common payment approach among legal firms is the lockstep pay. The payment approach involves an organization using the length of time on the job when determining the ultimate level of compensation for its employees. As noted earlier on, the payment system is common among law firms where lawyers are paid based on the amount of billable hours spent serving clients. Research studies indicate that lawyers earn their income as if they were independent contractors. What this means is that their level of payment varies depending on the amount of revenue generated from the clients that they have served at person levels. However, the lock step payment system i nvolves attorneys with the same level of seniority receive the same level of income. The level of income is entirely determined by the overall performance of the organization. There are exceptions to the system whereby the organization may make adjustments as an exception rather than a rule. Total Reward Compensation The total rewards system of compensation involves more than just the basic pay and benefits. It involves the entire remuneration system that consists of all the direct and indirect payment packages (Reynolds, 2005). The system incorporates pay with all the necessary factors that motivate and are valued by employees. The system also offers numerous approaches to reward other than pay and benefits. It does not rely on a single method of rewarding employees. The system closely resembles the pay for performance system in the sense that the total reward system is based on the level of competency and performance of staff. Reward is solely based on merit rather than experience or job position (Berger & Berger, 2008). The higher the performance the higher the reward and low performance is highly condemned. However, total reward is different from pay for performance because it incorporates all the elements of employee motivation rather than monetary rewards. In fact, research studies on employee motivation indicate that the system motivates and influences the behavior of workers to a larger extent than the pay for perfo

Revolt of 1857 Essay Example | Topics and Well Written Essays - 1750 words

Revolt of 1857 - Essay Example On 10 May in 1857, the sepoys matched to Delhi with the intention of taking control over the city. The 1857 revolt introduced numerous changes in India as will be highlighted in this paper. In addition, the paper will give attention to the causes of the revolt, its representation in British sources, and Chowdhury view of how photography represented the revolt. The British rule in India had established economic policies that were unfavorable to the Indians. Notably, the colonialists focused on exploiting the natural resources available in India. The exploitation of the resources in India by the colonialists only served to reap India off its stability in trade and industry. Over time, the British rule had transformed India into a colonial economy that served the interest of the British. In accordance with the existing economic policy, the British ruler exported resource to London. The British had a cheaper way of supporting their industries. The export of India’s resources to London served to increase the poverty levels in India. Many of the Indians relied on trade and industry in an effort to earn a living. However, the British colonial rule had taken over the industry, leaving many Indians jobless. The British economic policies demanded the Indian peasants to pay high revenues. Demanding high revenues from the peasants served to br ing down the agrarian sector. There was an increasing pressure for the peasants to register increased production. Despite their increased production, the Indian peasants did not benefit. The landowners in India faced the compulsion of paying a specified amount to the British government. If the landowners failed to meet the requirements, the British colonial rule dispossessed them of their property. Therefore, economic causes were a primary trigger of the 1857 revolt. As highlighted above, the British colonial rule imposed every taxation and

Australian capital market Assignment Example | Topics and Well Written Essays - 2500 words

Australian capital market - Assignment Example This paper will discuss the Australian Capital Market and will also focus on the impact of the global financial crisis on the country. The capital markets have been faced with challenges especially during this period of global financial crisis. The global financial crisis has negatively affected the Australian capital markets and therefore there has been a pressing need for a serious counter action to raise the country to its usual state according to RICS Research (2007). In the last three months, positive change has been recorded in Australia’s money market. More initial public offers by private companies have been noted and indications show that this trend will most likely continue. This has increased the share market performance of the various industries. Indications show that banks are reluctant to provide financing in terms of debt financing. Companies have adapted merger and acquisitions to survive through the recession like Tolhurst Noall which merged with Patersons securities (RICS Research, 2007). This has prevented them from dropping out of the industry. Companies are diverting attention to the ecommerce/digital media companies that’s taking a significant market share from newspapers and magazines. The country has seen a lot of reluctance in debt financing since financial institutions have preferred to fund businesses through equity as opposed to debt. Companies that seek to increase their capital, one viable option has always been to give up a generous portion of their shareholdings. While IPOs were a common way of cashing out investments in the last couple of years, this is no longer the case as many investors have not been able to venture into new businesses due to restrictions on IPO’s according to ResearchWhitePaper (2010). The country has however continued to enjoy a lot in terms of issues. In 2007 for example, Ivanhoe Australia

Development Strategy of Dupont International Management Essay

Development Strategy of Dupont International Management - Essay Example Its various trademarks are found in many consumers as well as industrial products so that DuPont per se has become or has been related to household products: carpets, upholstery, containers, construction and other items used in the daily basis. Already, words like durability and quality are attached to the brand name or trademark. But it does not only take quality products to make a name such as DuPont. As acknowledged in their website, DuPont has employed innovation in most aspects of its global operations emphasizing several areas such as: competing globally; sharpening its business focus; increasing productivity; committing to safety, health, and environmental excellence; empowering people, capitalizing on its strong corporate and product brand franchises; and continuing to extend its significant science and technological achievement. Already, focus on core competencies was acknowledged where DuPont build competitive business advantage such as a 1993 transaction that disposed of D uPont’s acrylic business while acquiring ICI’s nylon business. Cost-reduction and improving productivity were also cited as DuPont’s strategic moves in the 1990s when most companies either are emerging or closing down, allowing flexibility for competitive pricing and growing market share and earning. The 90s also saw vigorous expansion overseas with new plants in Spain, Singapore, Taiwan and China coupled with a major technical server in Japan, a move that even critics could easily detect not only as competitive but innovative.

World Civilization I Essay Example | Topics and Well Written Essays - 250 words - 2

World Civilization I - Essay Example There was also intimate association between the priests and the chieftains in Vedic India. In the society of Vedic India, there were also four major castes, that is, the Brahmins (priestly caste), the Ksatriyas (worrior caste), the Vaishyas (the farmer and tradesman caste), and the Shudras (servants and menial workers) (Indian History 205). Just like in the Vedic India, the societies in the Southeast Asia had also some structural features that acted as centers for political and military authority. Additionally, it is evident that the societies in the Southeast Asia also expanded like the territories in Vedic India. This is evidenced by the extension of the cities in the Southeast Asia to the surrounding areas. The demand for provision of defense in the Southeast Asia also led to the emergence of kingdoms like in the Vedic India which enhanced taxation. Just like castes in Vedic India, Southeast Asia had also empires such as Akkadians and Babylonians. Social distinction was also evident in Southeast Asia like in Vedic India. This is evidenced by the variation in the rate of punishment as a result of class distinction. Unlike Southeast Asia, the social structure of ancient China looks like that of Vedic India. This is evidenced by the social structure of China first having the kings and nobles in the highest level, then the lords and warriors, and finally the peasants in the lowest class. The roles of leaders in ancient China were also well stipulated. The kings led to government, the lords paid taxes to the kings as well as provided warriors to protect the land, and the peasants worked for the

Rock and Roll History Assignment Example | Topics and Well Written Essays - 500 words

Rock and Roll History - Assignment Example The giant electronic screen behind the stage showed the various band members and the other guest artists from time to time, focusing on one individual at a time. There were times also when the said electronic screen showed some fancy cartoons or caricatures of people. B Description of the Performance – the band was quite remarkable because the band members played all their songs all the way back to their start as a band. In other words, the mixture of the songs was eclectic and there was hardly any misstep in their performance. Band members memorized all their songs, even the old ones, and Linkin Park did not limit itself to purely rock and roll songs or the usual rap metal songs in their albums. For fans of this band, their performance was considered one of the best so far but on the other hand, those who hate the sound of rap may find their music too hard on their ears. All the thumping and the shouting at times may sound like irritating noise instead of soothing music to unfamiliar ears. The sheer volume of the sound system made the song lyrics inaudible most of the time although many of the fans are already familiar with these songs. On the whole, it was an awesome performance. Instrumentation was good while the articulation of the sou nd at high volume was excellent. C Description of the Artists/Band (musical genre) –the songs of Linkin Park are associated with rap metal music and also with nu metal (or alternatively termed as new metal, neo-metal, or aggro-metal) which is a type of music that is heavy on metal combined with hip-hop music and hardcore punk with additional mixtures from grounge music (characterized by growling vocals and sounds from distorted electric guitars) using apathetic, ennui, or angst-filled lyrics. The sub-genre of music from the Linkin Park band is somewhat a cross or blend between two styles of music which are hip-hop and