Emerging markets Essay Example for Free

Emerging markets Essay Emerging markets are nations with social or business activity in the process of rapid growth and industrialization. The economies of China and India are considered to be the largest.[1] According to The Economist many people find the term outdated, but no new term has yet to gain much traction.[2] Emerging market hedge fund capital reached a record new level in the first quarter of 2011 of $121 billion.[3] The seven largest emerging and developing economies by either nominal GDP or GDP (PPP) are China, Brazil, Russia, India, Mexico, Indonesia, and Turkey. [pic] An emerging market economy (EME) is defined as an economy with low to middle per capita income. Such countries constitute approximately 80% of the global population, and represent about 20% of the worlds economies. The term was coined in 1981 by Antoine W. Van Agtmael of the International Finance Corporation[pic] of the World Bank. Although the term emerging market is loosely defined, countries that fall into this category, varying from very big to very small, are usually considered emerging because of their developments and reforms. Hence, even though China is deemed one of the worlds economic powerhouses, it is lumped into the category alongside much smaller economies with a great deal less resources[pic], like Tunisia. Both China and Tunisia belong to this category because both have embarked on economic development and reform programs, and have begun to open up their markets and emerge onto the global scene. EMEs are considered to be fast-growing economies. What an EME Looks Like EMEs are characterized as transitional, meaning they are in the process of moving from a closed economy to an open market economy while building accountability within the system. Examples include the former Soviet Union and Eastern bloc countries. As an emerging market, a country is embarking on an economic reform program that will lead it to stronger and more responsible economic performance levels, as well as transparency and efficiency[pic] in the capital market. An EME will also reform its exchange rate system because a stable local currency builds confidence in an economy, especially when foreigners are considering investing. Exchange rate reforms also reduce the desire for local investors to send their capital abroad (capital flight). Besides implementing reforms, an EME is also most likely receiving aid and guidance from large donor countries and/or world organizations such as the World Bank and International Monetary Fund. One key characteristic of the EME is an increase in both local and foreign investment (portfolio and direct). A growth in investment in a country often indicates that the country has been able to build confidence in the local economy. Moreover, foreign investment is a signal that the world has begun to take notice of the emerging market, and when international capital flows are directed toward an EME, the injection of foreign currency into the local economy adds volume to the countrys stock market and long-term investment to the infrastructure. For foreign investors or developed-economy businesses[pic], an EME provides an outlet for expansion by serving, for example, as a new place for a new factory or for new sources of revenue. For the recipient country, employment levels rise, labor and managerial skills become more refined, and a sharing and transfer of technology occurs. In the long-run, the EMEs overall production levels should rise, increasing its gross domestic product and eventually lessening the gap between the emerged and emerging worlds. Portfolio Investment and Risks Because their markets are in transition and hence not stable, emerging markets offer an opportunity to investors who are looking to add some risk to their portfolios. The possibility for some economies to fall back into a not-completely-resolved civil war or a revolution sparking a change in government could result in a return to nationalization, expropriation and the collapse of the capital market. Because the risk of an EME investment is higher than an investment in a developed market, panic, speculation and knee-jerk reactions are also more common the 1997 Asian crisis, during which international portfolio flows into these countries actually began to reverse themselves, is a good example of how EMEs can be high-risk investment opportunities. (For more insight on getting into emerging economies, read Forging Frontier Markets.) However, the bigger the risk, the bigger the reward, so emerging market investments have become a standard practice among investors aiming to diversify while adding risk. (For more details on the advantages and disadvantages of making foreign investments, see Is Offshore Investing For You? and Going International.)

Fighting Charges of Assimilation in Hansberrys A Raisin in the Sun and

Fighting Charges of Assimilation in Hansberry's A Raisin in the Sun and The Cosby Show The critical reception of The Cosby Show, an enormously popular television sitcom in the 1980's, roughly paralleled that of A Raisin in the Sun, Lorraine Hansberry's highly acclaimed play of the 1950's. Both the television series and the play helped change the way Blacks are portrayed in the entertainment media. But despite being initially greeted with critical praise, both subsequently fell under heavy scrutiny by many critics for being too assimilationist. However, in both cases, the charges of assimilation may perhaps be too harsh. A Raisin in the Sun, a drama of a middle-class family in Chicago, should not be regarded as a wholehearted endorsement of black assimilation into "white society. " Instead, the play offers a rather realistic view of the complexity of struggles that involves this issue. The Cosby Show, a comedy series about a successful upper-middle-class black family in New York, must also not be viewed as an endorsement of black assimilation into "white society ." Instead, the sitcom dealt with universal family issues and posited traditional family values and morals. But most importantly of all, both tried to do away with the prevailing negative black stereotypes in order to promote more positive and realistic representations. The claim that A Raisin in the Sun expresses the idea of black assimilation can be somewhat justified. Walter Lee Younger and George Murchison openly and consciously admit that desire for the white lifestyle. George has willingly denounced his race rather than uplifted it and is the epitome of a black man that has fully assimilated into the White mainstream. Walter, on the other hand,... ...revolution, not the just the entertainment industry. Works Cited Color Adjustment.Videotape. Dir. Marlon Riggs. Narr. Rudy Dee. California newsreel.1991. 87 min. Crenshaw, Anthony. "The Cosby Show Changed the Way Blacks are Viewed." Once Upon a Time in the Eighties. (1995) n. pag. Online. Internet. 3 Aug. 1998. Link to above site: www.engl.virginia.edu/~enwr1016/amc2d/cosby.html Pouissant, Alvin. "The Huxtables: fact or Fantasy." Ebony. Oct. 1988. 72-74. Turner, Darwin T. "Visions of Love and Manliness in a Blackening World :Dramas of Black Life Since 1953." The Black Scholar. vol. 25. No.2. 2-12. Link to the Lorraine Hansberry Page: http://www.%20accd.edu/sac/english/bailey/hansberr.htm Link to an interesting site which provides some helpful info and question about A Raisin in the Sun: www.randomhouse.com/acmart/raisintg.html

Basketball: Then vs. Now Essay

The sport of basketball was invented 113 years ago. The first original 13 rules of basketball are much different than the rules today. Not only have the rules evolved, but also the number of players, regulation time, and mainly just the dynamics of the game altogether. After explanation, you will be able to see how many changes basketball has truly undergone to become what it is now. The original 13 rules of basketball written by James Naismith are as follows: 1. The ball may be thrown in any direction with one or both hands. 2. The ball may be batted in any direction with one or both hands (never with the fist). 3. A player cannot run with the ball. The player must throw it from the spot on which he catches it, allowance to be made for a man who catches the ball when running at a good speed if he tries to stop. 4. The ball must be held in or between the hands; the arms or body must not be used for holding it. 5. No shouldering, holding, pushing, tripping, or striking in any way the person of an opponent shall be allowed; the first infringement of this rule by any player shall count as a foul, the second shall disqualify him until the next goal is made, or, if there was evident intent to injure the person, for the whole of the game, no substitute allowed. 6. A foul is striking at the ball with the fist, violation of Rules 3,4, and such as described in Rule 5. 7. If either side makes three consecutive fouls, it shall count a goal for the opponents (consecutive means without the opponents in the mean time making a foul). 8. A goal shall be made when the ball is thrown or batted from the grounds  into the basket and stays there, providing those defending the goal do not touch or disturb the goal. If the ball rests on the edges, and the opponent moves the basket, it shall count as a goal. 9. When the ball goes out of bounds, it shall be thrown into the field of play by the person first touching it. In case of a dispute, the umpire shall throw it straight into the field. The thrower-in is allowed five seconds; if he holds it longer, it shall go to the opponent. If any side persists in delaying the game, the umpire shall call a foul on that side. 10. The umpire shall be judge of the men and shall note the fouls and notify the referee when three consecutive fouls have been made. He shall have power to disqualify men according to Rule 5. 11. The referee shall be judge of the ball and shall decide when the ball is in play, in bounds, to which side it belongs, and shall keep the time. He shall decide when a goal has been made, and keep account of the goals with any other duties that are usually performed by a referee. 12. The time shall be two 15-minute halves, with five minutes’ rest between. 13. The side making the most goals in that time shall be declared the winner. In case of a draw, the game may, by agreement of the captains, be continued until another goal is made. Of course, if you have any common knowledge of how basketball is played, you know very well that today’s play is much different. Many of these rules have changed, including the dribble. Dribbling was created as an escape from the defense. Players could also run down the court tapping the ball in the air without it touching the floor, or could dribble the ball using both hands. Now days, you cannot move with the ball unless you are using a one handed dribble. Until 1916, a player could not shoot after dribbling. He had to pass the ball. Scoring has also changed much since then. In the beginning, field goals  counted for one point, and a player who fouled was sent to a penalty box, as in hockey. If a team fouled three consecutive times, the opponent got a field goal. This rule was eventually replaced by free throws. By 1895, field goals were worth two points and free throws one. For many years, each team had one player who shot all the free throws. That rule was changed in 1910 by a New York league that required who was fouled to shoot the free throw. This rule still holds today. There are also boundary lines on the basketball court marking in and out of bounds. Before the creation of those, when a ball went anywhere on the court, the team that got to the ball first gained possession. This caused teams to go crashing into the spectators, walls, and hallways. Today, we have out of bounds and whichever team caused the ball to go out of bounds, the opponents gain possession with a throw-in. Other changes such as uniform colors, dunking rules, regulations on backboards, time-outs, overtime, fouling out, backcourt rules, free throws, and three pointers were also engaged in change, some over and over again until they became what they are today. There was much controversy about the three pointer. It was invented for a catch up method when a team was behind. Indeed, this did work, and in 1980, Western Carolina’s Ronnie Carr drilled a three-point field goal, the first in the history of basketball. Few rules have ever impacted the game of basketball as the introduction of the three pointer. College coaches and many other personnel were interested with the three and there was never any talk of getting rid of it. Not only was it a great offensive weapon for teams, it was also very exciting, resulting in higher ticket sales, and it required more skill than the older popular attraction, the dunk. Basketball is a great American sport, and perhaps one that requires the most skill along with a great mental game. Personally, it is one of my favorites, and it is amazing how it has evolved from 1891 to 2004.

Inductive Deductive Research - 801 Words

INDUCTIVE DEDUCTIVE RESEARCH APPROACH Meritorious Prof. Dr. S. M. Aqil Burney Director UBIT Chairman Department of Computer Science University of Karachi burney@computer.org www.drburney.net Designed and Assisted by Hussain Saleem hussainsaleem@uok.edu.pk 06th March 2008 Well begun is half done --Aristotle, quoting an old proverb 2 Research Methods In research, we often refer to the two broad methods of reasoning as the deductive and inductive approaches. Research Types Deductive Approach Inductive Approach 3 Deductive Research Approach THEORY HYPOTHESIS OBSERVATION Deductive reasoning works from the more general to the more specific. Sometimes this is informally called a top-down†¦show more content†¦PP 61-75 61 CS/IT† 8 9 Reasoning methods and Argumentation The main division between forms of reasoning that is made in philosophy is between deductive reasoning and inductive reasoning. Formal logic has been described as the science of deduction . The study of inductive reasoning is generally carried out within the field known as informal logic or critical thinking. 10 http://www.phac-aspc.gc.ca/publicat/cdic-mcc/18-3/d_e.html 11 Automated Reasoning †¢ Logic lends itself to automation. †¢ A variety of problems can be attacked by representing the problem description and relevant background information as logical axioms and treating problem instances as theorems to be proved. 12 72/98 Logic and Reasoning Reasoning Using given knowledge and truth value help us to solve, understand real life problems. Logical Reasoning Probabilistic Reasoning Bayesian Networks Subjective Objective 13 EXAMPLE †¢ †¢ †¢ p: All mathematicians wear glasses q: Anyone who wears glasses is an algebraist r: All mathematicians are algebraist p∠§q → r ≠¡ ( ∠¼( p∠§q) ∠¨ r) 14 TRUTH TABLE Truth Table for the formulae built with the Logical Operators p T T T T F F F F q T T F F T T F F r T F T F T F T F pΛq ~(pΛq) ~(pΛq)Vr Λ Λ Λ T F T T F F F T T F T T F T T F T T F T T F T T 15 If r is the conclusion, and we know that p and q are true simultaneously then r is valid statement. In real life, theShow MoreRelatedIs Deductive And The Second Is Inductive Research Approach?965 Words   |  4 PagesMethodology 1.1. Research Approach. The research approach is divided by two main groups, the First is Deductive and the Second is Inductive Research Approach. The differences between them are, the Deductive Approach is using the theory and testing it with the aim. 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