Student college essays
Where To Write About The Site Of Your Topic In A Thesis Paper
Featured Post
Distinguish between problem-focused coping and emotion-focused coping Essay
Issue centered adapting: Problem-centered adapting is endeavoring to mitigate pressure straightforwardly either by changing the stressor or ...
Thursday, August 27, 2020
Distinguish between problem-focused coping and emotion-focused coping Essay
Issue centered adapting: Problem-centered adapting is endeavoring to mitigate pressure straightforwardly either by changing the stressor or the manner in which we cooperate with that stressor, Problem-centered adapting, focuses on the reasons for worry in down to earth ways which handles the issue or distressing circumstance that is causing pressure, thus legitimately diminishing the pressure. Issue centered adapting expect to evacuate or lessen the reason for the stressor. (McLeod, Stress Management â⬠Problem Focused Coping with Stress. , 2010) For instance, the manner in which schoolmates manage stressors like tests , you can see a scope of various adapting reactions. A few schoolmates will walk about or stress over it, others will reconsider, or hassle their instructors for hints. Issue centered procedures include: Taking Control â⬠this reaction includes changing the connection among yourself and the wellspring of stress. Models: getting away from the pressure or expelling the pressure. : Information looking for is the most normal activity. This includes the attempting to comprehend the circumstance (for example utilizing the web) and establishing subjective systems to maintain a strategic distance from it in future. Data looking for is a subjective reaction to push. : Evaluating the advantages and disadvantages of various choices for managing the stressor. All in all issue centered adapting is ideal, as it expels the stressor, thus manages the main driver of the issue, giving a drawn out arrangement. Be that as it may, it isn't in every case best, or conceivable to utilize issue centered procedures. For instance, when somebody bites the dust, issue centered techniques may not be useful for the dispossessed. Managing the sentiment of misfortune requires feeling centered adapting. Issue centered moved toward won't work in any circumstance where it is past the individualââ¬â¢s control to evacuate the wellspring of stress. They work best when the individual can control the wellspring of stress (for example tests, work based stressors and so forth.). It's anything but a profitable technique for all people. For instance, not all individuals can assume responsibility for a circumstance. Individuals with low confidence regularly use feeling centered adapting techniques. Feeling centered adapting. Feeling centered adapting Involves attempting to lessen the negative passionate reactions related with pressure, for example, shame, dread, nervousness, wretchedness, fervor and disappointment. This might be the main sensible alternative when the wellspring of stress is outside the personââ¬â¢s control. Medication treatment can be viewed as emotionâ focused adapting as it centers around the excitement brought about by pressure not the issue. Feeling centered systems include: Keeping yourself occupied to take your brain off the issue : Letting off steam to others : Praying for direction and quality : Ignoring the issue with the expectation that it will disappear : Distracting yourself (for example Television, eating) : Building yourself up to anticipate the more regrettable Feeling centered techniques are regularly less successful than utilizing issue centered strategies. For instance, Epping-Jordan et al (Epping-Jordan, 1994) found that patients with disease who utilized shirking procedures, for example denying they were exceptionally badly, crumbled all the more immediately then the individuals who looked up to their issues. A similar example exists comparable to dental wellbeing and money related issues. It doesn't give a drawn out arrangement. In any case, they can be a decent decision if the wellspring of stress is outside the personââ¬â¢s control for instance a psychological militant assault. There are Gender contrasts: ladies will in general utilize more feeling centered techniques then men (Billings, 1981) It likewise may have adverse symptoms as it postpones the individual managing the issue. (McLeod, Emotion Focused Coping., 2009) My essential point of view and how can it impacts on my capacity to adapt to worry According to the investigati on by Meyer Friedman, Ray Rosenman, and their partners (friedman, 1984) I am a sort B character so less inclined to heart issues, I have consistently been a nice individual and a positive thinker. In my adapting to pressure I think I utilize the issue centered adapting most occasions, as I have consistently been a stoutly huge individual so with that certainty I was never reluctant to snatch the bull by the horns so to talk and legitimately attempt to work things out, additionally I have been into the sound way of life and exercise centers since the age of fifteen. my social help is acceptable and I do have a ton of dear companions and stay in contact with them normally, my family is with me most occasions (children, girl, sister and sibling )so I imagine that my capacity to adapt to pressure is brilliant Some pressure limiting and the executives strategies are work out, unwinding, intervention, biofeedback and otherworldliness Exercise: practice is your briefest course to a sentiment of prosperity and a physical sparkle. Everybody realizes that activity is beneficial for you and that it is a standout amongst other pressure soldiers accessible Not just does it keep the heart s olid and get oxygenâ into the framework, yet it exhausts pressure hormones and discharges mind-set improving synthetics which assist us with adapting to pressure better. Unwinding: Relaxation is in excess of a perspective; it truly changes the manner in which your body capacities. At the point when your body is loosened up breathing eases back, circulatory strain and oxygen utilization diminishing, and a few people report an expanded feeling of prosperity. This is known as the ââ¬Å"relaxation response.â⬠Being ready to create the unwinding reaction utilizing unwinding strategies may neutralize the impacts of long haul pressure, which may add to or decline a scope of medical issues including misery, stomach related disarranges, cerebral pains, hypertension, and a sleeping disorder Mediation: Meditation can give you a feeling of quiet, harmony and equalization that benefits both your passionate prosperity and your general wellbeing. Furthermore, these advantages donââ¬â¢t end when your contemplation meeting closes. Reflection can help bring you all the more serenely during your time and can even improve certain ailments. The enthusiastic advantages of reflection include: Gaining another point of view on unpleasant circumstances, Building abilities to deal with your pressure, Increasing mindfulness, Focusing on the present, Reducing contrary feelings Spirituality: Research shows that individuals who are progressively strict or profound utilize their otherworldliness to adapt to life,â⬠In her new book, The SuperStress Solution, Dr. Roberta Lee commits a segment to the subject of otherworldliness and supplication. Notes ,Dr. Lee. ââ¬Å"Theyââ¬â¢re better ready to adapt to pressure, they recuperate quicker from ailment, and they experience expanded advantages to their wellbeing and prosperity. On a scholarly level, otherworldliness associates you to the world, which thusly empowers you to quit attempting to control things without anyone else. At the point when you feel some portion of a more noteworthy entire, itââ¬â¢s straightforward that you arenââ¬â¢t answerable for everything that occ urs throughout everyday life. Among the examination she refers to is one investigation of around 126,000 individuals that found that the individuals who as often as possible went to administrations expanded their chances of living by 29 percent. Another investigation directed by the National Institute for Health Care Research (NIHR) outlined that the Canadian understudies who were associated with their grounds services visited specialists less frequently and were less worried during troublesome occasions than different understudies. The understudies who had solid strict relationships likewise had higher positive sentiments, lower levels of wretchedness, and were better prepared at taking care of pressure. (an) I utilize exercise and unwinding for pressure relief,and I utilize the issue focusedâ coping most occasions to legitimately address any unpleasant circumstance I experience Book index Billings, A. G. (1981). The job of adapting reactions and social assets in weakening the pressure of life occasions. . Diary of Behavioral Medicine,, 13: 539-547. Epping-Jordan, J. A. (1994). Indicators of disease movement in youthful grown-up people: Avoidance, meddlesome musings, and mental manifestations. Wellbeing Psychology. McLeod, S. A. (2009). Feeling Focused Coping. http://www.simplypsychology.org/feeling centered coping.html. McLeod, S. A. (2010). Stress Management â⬠Problem Focused Coping with Stress. . http://www.simplypsychology.org/issue centered coping.html.
Saturday, August 22, 2020
ECONOMICS 3400 QUIZ 1 Essay Example | Topics and Well Written Essays - 250 words
Financial matters 3400 QUIZ 1 - Essay Example Bhagwati additionally says that the reasonable exchange that Obama unsettles for influence unhindered commerce understandings. On the off chance that Obama needs to secure multilateralism and unhindered commerce in a strong way, he needs skilled counsels that will see and censure the requests related with organized commerce and which adds up to protectionism (Bhagwati). Besides, his counsels ought to likewise excuse association fears that exchanging with poor nations hurts the laborers compensation. Hence, Bhagwati insists that unhindered commerce isn't a countryââ¬â¢s intrigue. His contentions portrays that exchange progression will in general uncover segregated ventures and private enterprise related with them lastly causing them to evaporate. Nonetheless, this methodology doesn't result to development. Besides, it will result to rise of new parts that make current fares. This will thus drive a nation towards similar favorable position. Bhagwati encourages presents his contention that unhindered commerce ought not be corresponding for it to be worthwhile. He contends that the nation will in general destruct its exchange obstructions in the wake of being offered shared decreases. Besides, he contends that exchange advancement has a limit of debilitating what a nation is equipped for offering in trading to accomplish satisfactory access to remote
Friday, August 21, 2020
Essay on Different Topics in English
Essay on Different Topics in EnglishEssay on different topics in English can be quite a challenge for most students. You may find that English is not your first language and therefore trying to learn the fundamental concepts and terminology of the English language takes some time and practice. And then there are those who have to take on very advanced topics and are left to their own devices.Therefore, it is important to know all the common areas to focus on. For example, there are many areas to focus on if you want to write an essay on topics such as literature, science, psychology and others. When you are writing an essay on topics in English, you need to know what those concepts are, why they are important and how to use them.One of the best ways to learn these concepts is by learning about the history of English. You should learn about the differences between English and Latin. This is because Latin and English both contain a lot of words that have a common base in Latin, but hav e diverged over time. You will also learn about the meanings of these words and its relationship to English.Knowing how the different language categories, such as literary, scientific and technical, relate to each other and to English will help you make better essay on different topics in English. You will also learn how words are used differently in different languages. You should also know the differences between tense and aspect and this is very important for the writing of essays. The word aspect comes from Latin but has come to mean something different in each language.Reading and writing English are both part of a general educational requirement. You may have heard that writing essays is an art and it is very much like music. But if you have never learned how to compose essays then learning about these concepts will help you learn.Of course, knowing how to write essays on different topics in English is not enough. You also need to know how to determine which ideas are relevant and important to the essay and which are not. If you do not know how to do this, then it will be difficult to decide on what topic to write.It is even more difficult to decide on what topic to write if you do not know how to present your essay. There are many ways to present your ideas. One of the ways is to present it using the outline of the essay. You can then work out the parts that make up the essay piece by piece, which will take time but is worth it.Once you have learned the basics of essay writing and you understand the meaning of different concepts and how they relate to each other, you will be able to successfully present your essay on different topics in English. This will give you confidence and you will be able to write successful essays.
Monday, May 25, 2020
When People Start To Acknowledge Individuals For Their
When people start to acknowledge individuals for their intellectual ability and respect their human dignity, then reformation will gradually start to occur. But until then, racism will always exist. If racism still exists, people of color will consistently be victim to the system. For example, when Africans first came to America in the late 16th century, not as slaves but as voyager companions with Spanish and Portuguese voyagers, one of the most prominent of these African travelers was Estevanico who journeyed across the southeast from current day Florida to Texas (Bonds, 2008). Past slaveholding families have shaped their inheritances on the foundation and produced wealth that African-Americans have not been apprised of becauseâ⬠¦show more contentâ⬠¦African-American males have fallen victim to law enforcement organizations, as they use racial profiling as a tactic to discriminatively enforce laws and regulations. According to the New York Times (November 27, 2014), the Federal obligatory minimum sentencing procedures for crack cocaine criminals are a prominent example of institutional racism. There is approximately a 100 to 1 convicting variance between crack cocaine and powdered cocaine. Which means that an individual can be apprehended for very little amounts of crack cocaine. They will also get the same obligatory minimum sentence equivalent to a person that is convicted for 100 times the quantity of powdered cocaine. Instead of the government trying to find a better solution than locking up the drug utilizers, they chose to put them in cages which did nothing for them. If blacks werenââ¬â¢t deprived of education, there would be less drug users and abusers in African-American communities. Inner city schools suffer from insufficient funds due to limited budgets. Which then causes these schools to obtain outdated textbooks, teachers lacking the credentials to teach a specific curriculum, outdated technology, and shabby classrooms. These results generally come inShow MoreRelatedTheories Of Grief And Loss1302 Words à |à 6 Pagesby everyone from all cultures. Grief is when individuals process the loss of a valuable friend, family member or someone they know. Greif can be from someone crying to celebrating the life of an individual. Loss can happen through terminal illness, loss of relationships or the death of a human or animal. One theory is by Kubler-Ross she identified five stages of grief which are Denial and Isolation, Anger, Bargaining, Depression and Acceptance. Individuals can spend different amounts of time onRead MoreAudre Lorde s Career As A Poet Broke1507 Words à |à 7 Pagesintersectionality. She did not want to focus primarily on blackness, but wanted to acknowledge that black people were not only black, but had individual identities. As many authors wanted to keep their attention on blackness, Lorde wanted to focus on their complex personalities. What makes Lorde slightly different from other poets of the Black Arts Era, is that she sometimes spoke for all people. However when she spoke for all people, she usually spoke for black women first. In Lordeââ¬â¢s selected works ââ¬Å"Coalâ⬠Read MoreThe Sport Of Boxing And Sports957 Words à |à 4 Pagesmillions of people are part of some kind of sport worldwide. Many sports require more than one person in the team such as soccer and bask etball. In the other hand there are sports that are exercised with only two persons, which are the opponents. Many times spectators just watch these sports but never think, much less, experience the challenges that athletes face. In the sport of boxing there are many effects psychologically that boxers face every time they set there feet on a ring. In life people go toRead MoreIdentifying The Patterns Of Social Acceptance858 Words à |à 4 PagesIn the context of parties of people, I was particularly interested in finding the patterns of social acceptance, and the ways that people incorporate themselves into groups. An example of such acceptance can be the pattern of individuals who completely ignore groups around them by staring at their phone; compared to those who strike conversations with people they havenââ¬â¢t met before. Addressed, also, are ways that people use more passive technique to identify themselves and how this resembles theirRead MoreDr. King s Letter Essay1085 Words à |à 5 Pagesconscious intentions in trying to acknowledge the situation. The purpose of my reflection paper is to analyze the content and recognize my initial reactions. 1. The main thesis of Dr. Kingââ¬â¢s letter was to acknowledge his presence in Birmingham, and most importantly and as stated, he aimed to refute the comments made by the eight white religious leaders who criticized his protest decision, claiming it as unwise and untimely (King, 1963). Dr. King had a desire to acknowledge the social injustice issuesRead MoreThe Various Models Of Disability Essay1499 Words à |à 6 Pagesbehaviors on disability as well as the impact therof in terms of my development as an integrated health professional. The literature applied to the scenario Disability can be defined in various ways, depending on the context. Most definitions acknowledge the following components: an impairment of body function or structure; activity limitation or participation restrictions. There are four broadly recognised models of disabilities which will be discussed in this paper. The traditional model aimsRead MoreThe Injuries Of The Wounded Worrier Program1489 Words à |à 6 Pagesback home with wounds that leave mental scarfs and then have to confront society alone. This often leads them to deal with more distressful situations, and in many cases leads to unfortunate outcomes. The wounded worrier program works with these individuals to help them back into society with an easy transition. Some of the problems that they have to deal are PTSD, stress, depression, physical limitations that can lead to even suicidal tendencies. The wounded worrier program has many programs thatRead MoreAnalysis Of Audre Lorde And Bell Hooks733 Words à |à 3 Pagesemphasizing our society to acknowledge oppression from all genders, not only from men. Moreover, they talk that females are not only can be seen as the victim, they are also as perpetrators. Lorde talks about the ââ¬Å"mythical normâ⬠and says ââ¬Å"In America, this norm is usually defined as white, thin, male , young, heterosexual, Christian, and financially secureâ⬠(Lorde, 651). Meaning that if you are different or less than this norm, there is a good change that you will be oppressed by them. ââ¬Å"When women and men understandRead MoreThe Importance Of Socratic Dialogue1114 Words à |à 5 Pagesitââ¬â¢s important to keep an open mind when engaging with others, but that sentiment is often misinterpreted to mean that a person should be open to accepting any view differing from their own, which would do more harm than good. Violence has always been prevalent in our world, from the American revolution in the 1700s to the neo-Nazis rallying in our streets as we live and breath. While one might think that accepting everyoneââ¬â¢s differing views will bring people together, and lessen the amount of violenceRead MoreSummary Of An Inspector Calls 957 Words à |à 4 PagesInterviewer: So tell us, what was the start of your career and were you influenced by your family? Did it ch ange your education? Interviewee: I was brought up in the Catholic confidence of my mom and Irish maternal grandma, in which I went to Christian Brothers College, North Melbourne, registered and entered the Victorian Public Service on 28 March 1913 as an agent in the Department of Agriculture then later in 1923 I was to move to the Treasury. Soon later when I turned 19, I became the secretary
Friday, May 15, 2020
The Classrooms Influence On Society - 1222 Words
â⬠¢ The classrooms influence on society Society is constantly changing. There is always something more hip and in the now from new styles of hair, to fashion trends, to popular music, and the like, society is always moving forward. The same goes for education. In George Countsââ¬â¢ Dare the School Build a New Social Order?, Counts explains how and why education can change society. George Counts believed that a new social order was possible through education. Many like Counts, have pushed for education and economic changes. His beliefs and opinions are a welcome solution because he does not state that a school can do either everything or nothing for social change. (Urban, 1978, Preface) Counts had three main points that he wanted to getâ⬠¦show more contentâ⬠¦Indeed today neither extreme is possible.â⬠(Counts, 1932, p. 9) Students should have the opportunities to learn about many different subjects. In my classroom, I will include lots of music, movement, and creativity. Not only will this interes t some students in subject mater they would not have otherwise been interested in, it helps them use different parts of their brain, expand their knowledge, and helps incorporate different learning styles into my classroom. â⬠¢ Teachers are not the only ones responsible for the achievement of their students. It is easy to blame teachers for the success, or lack thereof, of their studentsââ¬â¢. What people do not realize is that sometimes even the most qualified teachers cannot change how well or poorly their students will do. In Richard Rothsteinââ¬â¢s, Why Children from Lower Socioeconomic Classes, on Average, Have Lower Academic Achievement than Middle-Class Children, we get a look into what teachers can and cannot control when it comes to their students achievements based on their socioeconomic status. Society likes to see the world through rose-colored glasses. We do not like to face the facts when it comes to things like the achievement gap, but in reality, it is something that we must all work on together. ââ¬Å"To much of the public, it seems self-evident that public schools must be ââ¬Å"failingâ⬠if they produce large gaps in academic achievement between
Wednesday, May 6, 2020
Extrinsic Rewards And Its Motivation - 1092 Words
We live in a society in which people are believed to be motivated by highly energizing and engaging rewards such as pay, job security, benefits and working conditions, all of which are extrinsic rewards. According to Daniel Pinkââ¬â¢s book Drive ââ¬â The Surprising Truth About What Motivates Us, he writes that these extrinsic rewards are in fact not the best ways in which to obtain and maintain motivation. Pink gives a new perspective on motivation in the workplace; it is argued that human motivation is largely intrinsic and that the aspects of this motivation can be divided into autonomy, mastery, and purpose. Based on the extrinsic reward motivation theory, low financial compensation can hinder motivation and performance in your profession,â⬠¦show more contentâ⬠¦I had only the extrinsic motivator of money. This allowed me to show up every shift, despite my stress and nervousness of the job. Over time however, I became better and more confident at the job. The stress went away because I knew I was good at my job and that the swimmers were in good hands. I began to open up more since I was less worried about making a mistake. This allowed me to earn a promotion and soon I was teaching lessons to the babies and toddlers. Meeting great friends, having confidence in myself, and being able to spend my time at work interacting with the little kids all served as intrinsic motivators. I enjoyed my job a lot more despite only making slightly more money than I did when I started. When you are regularly receiving rewards with material things you will never learn how to motivate yourself with intrinsic rewards, such as joy or pride in the work. The value of the work will never be understood because completing it will not be seen as important. Drive states, ââ¬Å"Rewarding an activity will get you more of it (pg. 70 chapter 2).â⬠Although in this society most people believe rewards help motivate us, but I personally disagree. When thinking of intrinsic motivation, you feel a sense of achievement and accomplishment. I feel accomplished and satisfaction after I complete tasks such as reading, and exercising. When I think about swim lessons I found intrinsic rewards, such as accomplishing a task well, surprising myself out of my comfortShow MoreRelatedExtrinsic Rewards Are the Best Motivation to Drive Performance1900 Words à |à 8 PagesExtrinsic rewards are the best motivation to drive performance Introduction With global competition increasing by the day, finding the key ingredients that will give an organisation an advantage that will lead to success is vital. It is widely accepted and supported heavily be research that a motivated workforce will lead to better organisational performance. The purpose of this paper is to analyse the drivers of motivation in reference to organisational performance. Specifically the analysisRead MoreMotivation - Extrinsic and Intrinsic1014 Words à |à 5 Pagesï » ¿ ESSAY #2 Motivation: Extrinsic to Intrinsic Motivation is a key factor in determining business success or failure. Successful organizations relentlessly seek to operate with a clear understanding of employee needs , and develop specific focusââ¬â¢ on how to meet them. Two key theories in organizational motivation are expectancy theory and equity theory. Both theories focus on the outcomes of a given decision or system rather than on individual employee needs. The goal of both processRead MoreTypes of Motivation1118 Words à |à 5 PagesMotivation is defined as the accumulation of different process which influence and direct our behavior to achieve a goal (Negussie, 2012). According to Deci, there are two broad classes of motivation, which are intrinsic motivation and extrinsic motivation. He states: ââ¬Å"A person is intrinsically motivated if he performs an activity for no apparent reward except the activity itself. On the other hand, extrinsic motivation refers to the performance of an activity because it leads to exter nal rewardsRead MoreThe Effect of Extrinsic Reward on Helping Behavior 1109 Words à |à 5 Pagesbe focusing on whether intrinsic motivation and extrinsic reward will have effects on helping behavior. Do people help others out genuinely because of good nature and self-fulfillment or because of the presence of reward? If extrinsic reward will increase people willingness to help people, what kind of reward will have the greatest effect? Before discussing further, it is better to understand what is intrinsic motivation and extrinsic motivation. Intrinsic motivation means the reason someone engageRead MoreIntrinsic vs Extrinsic Motivation Styles Essay683 Words à |à 3 Pages2 Motivation: Intrinsic vs. Extrinsic Abstract Motivation is an inner drive or state that stimulates the individual in a particular direction or keeps them engaged in a certain activity. Motivation determines whether the person continues with the task at hand or not. There are two types of motivation; intrinsic and extrinsic. Intrinsically motivated individuals hold learning various types of course information in high regard without receiving any reward or reinforcement. In contrast, extrinsicallyRead MoreEssay on Intrinsic versus Extrinsic Motivation1327 Words à |à 6 PagesIntrinsic versus Extrinsic Motivation Introduction The success of any business depends on the productivity and satisfaction of its employees. Employees need to be motivated to work. Motivation can be defined as the inner force that drives individuals to accomplish personal and organizational goals. Motivation can be either intrinsic or extrinsic. For an individual to be motivated in a work situation there must be a need, which the individual would have to perceive a possibilityRead MoreMechanisms Underlying Creative Performance : Employee Perceptions Of Intrinsic And Extrinsic Rewards1301 Words à |à 6 PagesPerformance: Employee Perceptions of Intrinsic and Extrinsic Rewards for Creativity, the authors Yoon et al. (2015) investigates creative performance based on effects of intrinsic and extrinsic rewards and proposes employeesââ¬â¢ dedication to creativity may possibly activate a psychological state in the connection between rewards and creativity. In order to detect the boundary conditions, such as nature of rewards and the task context, when the different types of rewards are triggered for creativity, the studyRead MoreMotivation of Employee in Lic1357 Words à |à 6 Pages] Intrinsic and extrinsic motivation Motivation can be divided into two types: intrinsic (internal) motivation and extrinsic (external) motivation. Intrinsic motivation Intrinsic motivation refers to motivation that is driven by an interest or enjoyment in the task itself, and exists within the individual rather than relying on external pressures or a desire for reward. Intrinsic motivation has been studied since the early 1970s. Students who are intrinsically motivated are more likely to engageRead MoreThe Importance Of Motivation In Education1287 Words à |à 6 Pages Motivation and rewards are very important concepts in an effective educational system. Motivation is the driving force a person has to carry out activities and behaviors. Meanwhile, rewards are the benefits that a person receives or hopes to receive in completing the action or behavior thus providing motivation. This is why rewards are often implemented in education in order to motivate students to learn. However, not all rewards are the same as they can be separated into two different categories:Read MoreIntrinsic and Extrinsic Motivation1083 Words à |à 5 PagesMotivation Ken 1 Intrinsic and Extrinsic Motivation Literature Review AK 11 April 2013 Professor J. Losche PSY-432 Ken 2 Both intrinsic and extrinsic motivation help to fit psychological values and beliefs of an individual. Intrinsic motivation comes from the inside of an individual, such as the drive to do something. Extrinsic motivation comes from the outside factors, such as doing something for a reward. There are mixed emotions
Tuesday, May 5, 2020
Financial Crises and the Failure of global - MyAssignmenthelp.com
Questions: 1. What was the main cause of the Global Financial Crisis (GFC) and why it has spread internationally? Do you believe that it could have been prevented? 2. One of the tools Australia and many other countries have used to fight the recession trends was to cut cash rates. The Reserve Bank of Australia has itself cut the cash rate from 6.75% in January 2008 to 2% in January 2016. Why do you believe central banks all over the world are using this tool to fight the recession in their economies? Do you believe it has been efficient in Australia and globally? 3.The article has mentioned the slow down in the Chinese economy and its impact on Australia. Why do you believe Australia cares so much about what is happening in China? What is the connection to the Australian economy? Give examples from history where you can demonstrate the impact of the Chinese economy on the Australian economy. Which areas of the Australian economy are usually impacted? Answers: Answer 1 Over the years, the economic scenario in the global framework has experienced significant dynamics, which had both negative as well as positive implications on the economic patterns across the world. One such economic phenomenon, which had immense effects (mostly negative ones) on almost all the significant economies of the world, is the Global Financial Crisis (Birdsall, 2012). The Global Financial Crisis, mainly had its initiation from July 2007, in the United States of America and by 2008, the Crisis expanded on the economics in full strength. In that period, due to the loss of confidence of the investors in the USA, the country suffered from a huge liquidity crisis. This in turn led to reduction of the valuations of the sub-prime mortgages, to counter which the governing authority of the country went to inject money in the monetary sector of the economy (Shiller, 2012). The crisis expanded devastatingly in September 2008, leading to the crash of the entire stock market, which had huge repercussion not only on the economy of the country itself, but also almost on all the global economies, the effects being more significant on the investment and financial sectors of the economies. The huge crisis originally initiated in the housing market of the USA. The primary reason behind the same was the huge amount of withdrawal of the sub-prime loans by the homeowners (investors as well as households) as repaying the mortgages became increasingly difficult for them due to the continuously increasing cost of the same (Tridico, 2012). This was the consequence of the fall in the prices of the houses, which was wrongly speculated to be continually increasing by the investors. This fall in price led the investors to a situation of acute debt, which in turn led to considerable numbers of defaults, thereby increasing the trouble of the banking and the financial institutions. The banks fell in the trap of acute liquidity crisis. The housing bubble burst in the economy has immense implications on the economy as it was accompanied by a huge credit crunch (Kamin DeMarco, 2012). The USA being the most significant and most influential economy in the world, any turmoil in the economy itself is expected to create huge implications on the other global economies as they are all connected directly or indirectly with the country. Thus, in the given scenario also, the financial crisis, which originated in the USA spread fast globally and had immense negative impacts on many other economies of the world as they went into an acute recessionary situation (Gieve Provost, 2012). The USA used to receive collateralized debts from the banks of other countries, which during this period were transformed partially into collateral debt obligations of the concerned country, thereby worsening the situation even more. As the banks and the financial institutions all over the world were involved in inter-country debt transactions and were exposed significantly to the mortgage loans mechanism, therefore, with the crisis cropping up and the continually increasing numbers of loan defa ulters in the economy of the USA, these banks also started incurring huge monetary losses (McCarty, Poole Rosenthal, 2013). The banking systems of the countries across the world being well integrated, in response to financial losses the bank tend to restrict the lending activities considerably. Therefore, in this situations, the banks also responded by limiting the loans given to each other, which in turn led to the creation of a huge shortage of supply of funds, which not only had adverse impacts on the investors but also on the firms and the households as lending was no longer easy for them. This is turn reduced the aggregate demand in the economy to a huge extent. This led to immense sufferings on part of the USA as well as those countries which were not directly linked to the crisis. The export demand as well as the number of exports of many countries experienced a downturn as the crisis also affected their trade relations with the USA. This in turn reduced the global trade volume, thereby making the financial crisis a global one. The international stock market, experienced huge losses in face of the Global Financial Crisis, which had long term affects the global economic scenario. The huge negative phenomenon, however, could have been prevented from the very first had the Federal Reserve of the USA taken the signs of the oncoming of such a crisis into account and had the same taken proper precautionary actions. The first signal of trouble came from the lending indicators as early as in November 2006, with the reported drop of home permit by 28 percent (Fratzscher, 2012). However, the over-optimistic behavior of the Fed, regarding the housing prices in the country and their over-confidence on the strength of the economy to combat any crisis led to the creation of the crisis itself. Thus, it can be asserted that the intervention of the USA government in the early stage of the crisis itself. Answer 2 Economic slowdown can be defined as the economic phenomenon of slowdown of the economic activities in a country in a particular period of time. This is usually indicated by the decrease in the GDP of the economy. The slow-down of an economy, if extended for a prolonged period can lead to the creation of a recessionary situation in the economy (Constantinescu, Mattoo Ruta, 2015). The slow-down of an economy leads to the creation of stagnancy in the productive activities of the manufacturing and industrial units of the country, which in turn leads to a decrease in the aggregate demand as well as aggregate supply in the economy. Thus, in face of the decrease in the productivity as well as demand, often to facilitate increase in the same the government needs to take expansionary fiscal as well as monetary policies. For the purpose of that, to allocate the required funds, the government needs to take debts from external sources (Mankiw, 2014). However, though there are positive several positive implications of debt financing on part of the government, the borrowings on part of the government can create several problems in the economy, especially in those economies where a recessionary situation prevails. The problems of high government debt includes higher debt payment of interests, hike in the taxes and also crowding out effects in the private sector of the economy, which can lead to immense sufferings for the households as well as the investors. The presence of debt can also lead to an upward pressure in inflationary aspects of the economy (Denis McKeon, 2012). Presence of government debt, usually gives rise to several problems in the economy as a whole. However, in many cases the government of a country, tries to deal with high debt by printing money, which in turn increases the supply of money, thereby causing inflationary situation in the economy, which becomes painful for the economy as a whole and becomes a national problem (Mande, Park Son, 2012). One of the recent examples of severe effects of government debt on the overall economy is the debt crisis, which cropped up in Greece, which was the aftermath of the financial crisis of the economy in 2007-2008. The huge crisis of debt in the country had huge implications on the economy, which required bailout loans in 2010, 2012 and even if 2015 (Armingeon Baccaro, 2012). The economy of Australia has considerable amount of government debt in the recent periods, which have been growing in the recent periods. However, the growth of the economy and its credibility in the investment and share market indicates that the current debt situation of the country is not a scenario to be worried for. However, this being an aspect of uncertainty, the government needs to keep a vigilant eye to prevent government debt becoming a bothering one. Answer 3 The economy of Australia has emerged as one of the most influential economies in the global scenario and over the years has shown impressive trends in aspects of economic development, growth and trade scenarios. The country has, over the years, developed robust trade relations with almost all the other economies in the global scenario, one of the significant ones being China. Being one of the global economic giants itself, China is one of the fastest growing global economies, with significant dynamics in the urban infrastructural and overall industrial sector (Dyster Meredith, 2012). China, for the purpose of growth in the overall infrastructural framework, demands considerable amount of raw materials, building materials and other drivers of growth like electricity and transport infrastructures. These demands of the economy can be catered to by the economy of Australia as the latter enjoys immense comparative advantages in the production and export of the above-mentioned products and services (Shambaugh, 2013). On the other hand, Australia also poses as an extensive market for the manufactured products, which are exported by China. This bi-lateral robust transaction pathway has contributed significantly in the development of a strong and long term commercial relation between the two countries. In the contemporary period, China is considered to be one of the primary and probably the largest commercial partners of Australia and both the countries enjoy significant import-export relationship with each other. Australia ranks as the sixth largest commercial partner of China, importing as high as twenty five percent of all the manufactured products from the country and exporting almost thirteen percent of thermal coal to the country. However, the relation between China and Australia is not however confined only to imports and exports. Apart from the import export activities, both the countries are also connected to one another in terms of investments and flow of capitals. One of the largest source of the Foreign Direct Investments of Australia, in the recent years (third largest specifically) is China. China makes almost 3% of the total investment in Australia as FDI and the sector in which most of the investments of the country flows primarily is the infrastructural sector, wit h China being specifically interested in investing in the infrastructural projects taken up in Australia (Schandl West, 2012). From the above discussion, it can be asserted that there is significant presence of commercial and investment relations between China and Australia, with the relation growing consistently with time. Thus, any fluctuation or turmoil in the economy of China is expected to have implications (positive as well as negative) on the economy of Australia itself. This pattern can be observed from the times of economic boom experienced by China, which had immense positive implications on the economy of Australia as the latter gained considerably from the economic boom of the former. However, the cause and effect relationship of the countries also have negative impacts on the economy of Australia as well (Ahuja Nabar, 2012). In the recent period, the economy of China has experienced considerable shift in their policies of growth as the same shifted towards a consumer-oriented framework. This in turn, by replacing the pro-producer policy framework, has resulted in a comparatively slower growth of the countrys economy. This in turn is expected to have negative impacts on the profitability of the firms of Australia which supply their products to China. Though the slow-down of the economy of China is expected to have its implications on almost all the global economies, the same is expected to be more acute in case of Australia as they are more exposed to the economic, investment and commercial policies of China. Not only is the latter one of the primary market for Australias exports (with over 28% of its total exports going to China), but also one of the primary source of investment in Australias infrastructural sector is China itself. Australia exports coal, gold, copper and nickel ores and minerals to China. Due to the slowing down of Chinese economy, the trade volume of Australia is expected to decline, which in turn creates an excess supply of the same in the domestic economy, which in turn lowers the price of these commodities. The domestic slowdown of China also leads to driving out of the funds of the Chinese investors from the economy of Australia, which in turn, is expected to have huge adverse negative impacts on the domestic economy (Reilly, 2012). China was one of the primary benefactors of Australia during the Global Financial Crisis, which helped the economy to prevent itself from sinking. While the demand for minerals and metal ores of China kept the productivity of Australia high, the inflow of investment from the former, especially in the real estate sector of the latter kept the housing prices of Australia more or less stable (He, 2012). The average rate of growth of China from 2000 to 2014 had been 9.75%, which decreased considerably to 6.9% in 2015. The consumer-based growth of the country is also expected to drive the growth even lower, which has led to decrease in the outflow of capital from the economy, thereby creating uncertain situations in the economy of Australia. The mining and mineral sector of Australia is expected to be the worst hit of the slowdown of the economy of China as the contracted demand of the latter directly affects the export demand as well as the productivity and income generation of Australia. References Ahuja, A., Nabar, M. (2012). Investment-led growth in China: Global spillovers. Armingeon, K., Baccaro, L. (2012). Political economy of the sovereign debt crisis: The limits of internal devaluation.Industrial Law Journal,41(3), 254-275. Birdsall, N. (2012). The Global Financial Crisis. Constantinescu, C., Mattoo, A., Ruta, M. (2015).The global trade slowdown: Cyclical or structural?(No. 15-16). International Monetary Fund. Denis, D. J., McKeon, S. B. (2012). Debt financing and financial flexibility evidence from proactive leverage increases.The Review of Financial Studies,25(6), 1897-1929. Dyster, B., Meredith, D. (2012).Australia in the global economy: Continuity and change. Cambridge University Press. Fratzscher, M. (2012). Capital flows, push versus pull factors and the global financial crisis.Journal of International Economics,88(2), 341-356. Gieve, J., Provost, C. (2012). Ideas and coordination in policymaking: The financial crisis of 20072009.Governance,25(1), 61-77. He, B. (2012). Politics of Accommodation of the Rise of China: the case of Australia.Journal of Contemporary China,21(73), 53-70. Kamin, S. B., DeMarco, L. P. (2012). How did a domestic housing slump turn into a global financial crisis?.Journal of International Money and Finance,31(1), 10-41. Mande, V., Park, Y. K., Son, M. (2012). Equity or debt financing: does good corporate governance matter?.Corporate Governance: An International Review,20(2), 195-211. Mankiw, N. G. (2014).Principles of macroeconomics. Cengage Learning. McCarty, N., Poole, K. T., Rosenthal, H. (2013).Political Bubbles: Financial Crises and the Failure of American Democracy. Princeton University Press. Reilly, J. (2012). Counting on China? Australias strategic response to economic interdependence.The Chinese Journal of International Politics,5(4), 369-394. Schandl, H., West, J. (2012). Material flows and material productivity in China, Australia, and Japan.Journal of Industrial Ecology,16(3), 352-364. Shambaugh, D. L. (2013).China goes global: The partial power(Vol. 111). Oxford: Oxford University Press. Shiller, R. J. (2012).The subprime solution: how today's global financial crisis happened, and what to do about it. Princeton University Press. Tridico, P. (2012). Financial crisis and global imbalances: its labour market origins and the aftermath.Cambridge Journal of Economics,36(1), 17-42.
Subscribe to:
Posts (Atom)