Saturday, November 16, 2019
The play ââ¬ÅMacbethââ¬Â Essay Example for Free
The play ââ¬Å"Macbethâ⬠Essay At the beginning of this exam we read through the play entitled ââ¬Å"Macbethâ⬠so we had an idea of the plot of the play I think this helped us all as most of the class had not read this play before and this made us want to learn more of Macbeth. Response Phase. Using still images and narration after we had read the play helped me to understand the play better than when I read it as you had a visual aid and could see exactly what was going on and having narration in Modern English made it easier to understand as we are used to Modern English. In order to create three still images with narration successfully we had to think about the relationships between characters within the play to make sure that the way in which we performed was as accurate as possible as then it made it easier for the audience to understand. When we performed the three still images with narration I found that putting emotion in your voice for the narration and using conscious movement when changing images was hard and we needed some more work on that however I feel that showing who we were acting towards other characters was easy and the audience knew who we were trying to act as. In the exam we did an exercise called ââ¬Å"the mirror exerciseâ⬠in this we got into pairs and had to stand facing each other and we had to copy our partnerââ¬â¢s actions and movements to create an atmosphere and we compared this to characters in the play for example: When Macbeth and Lady Macbeth are arguing about killing the king in our movement piece we showed how the control of the two switched until Lady Macbeth wins the argument and we showed her higher in this piece showing that she had won the argument. In act 1 scene 3 we learnt through the mirror exercise that Macbeth is easily lead by Lady Macbeth in which he is willing to kill the king to make his wife happy and to make him self king this also shows that he is a greedy man. This exercise reflected upon me greatly as I got to see a different sides to lots of characters which I fell gave our performances a little more and we could perform better having done this. Hotseating Macbeth helped my understanding of the character much more as you could ask any questions which are unanswered within the text and you could also develop more of a background to the character and that meant you knew more about Macbeth so you could add more into your performances and this was much better than just being told about the character. What we discovered about Macbeth as a result of hotseating: He is a greedy man. A power thirsty man. Looks out for him self. Trusts his wife. Is loyal to whom he chooses. Is very deceiving. In act 1 scene 7 we used thought tracking, soundscapeââ¬â¢s and abstract movement to explore the thoughts and inner turmoil in Macbethââ¬â¢s mind and I fell that all f these strategies helped my understanding as I could discover more sides to Macbethââ¬â¢s character which enhanced my performance when I was in his role. I discovered in this that Macbeth is a greedy man as he wants to kill a friend and a loyal boss just so he can have more power and be crowned king. In groups of three we identified and marked the moment that represented the struggle in Macbeths mind, we identified this moment by reading extracts and finding that moment, we found it as it was significant as it showed Macbeth talking to himself arguing with his conscious not knowing what to do thatââ¬â¢s why we chose this scene. Following on from this we all created a short movement piece without dialogue to highlight this moment this deepened my understanding and effectiveness of the piece without dialogue as you got to watch Macbeths facial expressions and how he felt reflected upon them also you got to think for yourself what he may have been thinking so this helps to understand. Within this whole exam I feel that ââ¬Å"the mirror exerciseâ⬠helped me most to gain an insight into the characters of Macbeth and Lady Macbeth. I think that this whole experience has helped me to understand the life and times that William Shakespeare wrote this as I can see that it is easy to get away with murders as there was no authorities like the police like we have today which shows it was a dangerous time and a lot has changed since then. Empathy to see and feel someone elseââ¬â¢s point of view is so important not only for an actor but for society in general as if you do not always see eye to eye and you cannot compromise friction between people enter and this is when fights and disagreements all break out so it is important as you can then have a conversation and the tone of your voice can reflect upon that which helps keep the peace. Development Phase. We looked at act 1 scene 3, this is when Macbeth meets the three witches for the first time and also when he is told that he will be Thane of Cawdor and the king, here is how I think Macbeth would have felt about this, his thoughts on this life changing news: Thane of Cawdor? How can that be there is already a Thane of Cawdor. To be king wow that would be great but how do I achieve that? These women cannot speak truth there is no way this can come true, but what if they speak true and I can become Thane then king ? I must tell my wife! From the above in which I have just written I will now bullet point how I feel I would perform the extract above: My facial expression would be tense and confused. I would look down just glancing up every so often looking at people until the line beginning ââ¬Å"These womenâ⬠then look up. Once looking up stare at the three witches. Look at them angrily. Look out in the distance when ââ¬Å"but what ifâ⬠starts. Confused look again. Return to the atmosphere of the room quickly as you say ââ¬Å"I must tell my wifeâ⬠. We used drama to create our own version of act 1 scene 3 we used props symbolically within this scene for example: Drums to create the drum sound in the text, black cloth to show the darkness of the witchââ¬â¢s growing closer towards Macbeth. In this scene we tried to replicate Macbeths temptation when the weird sisters are telling him all him becoming Thane of Cawdor and king as in our group we felt that it was important to show his lust for the titles of Thane and King so we tried to show that the weird sisters are making his lust worse as they say he can be Thane and king so in a group we felt that the weird sisters were responsible for his temptation but also he controls this so in a way they are both responsible for the temptation towards the titles and thought that somehow they could be like a mirror to his own soul as he wants to be Thane and king but does not show it only deep in his soul so they are showing him this and he knows that it what he wants and what he lusts for in his soul. I feel that a twenty first century interpretation of the text would be very different to that of Shakespeareââ¬â¢s age when witchââ¬â¢s were considered to be real as today people would think nothing of someone saying that they would be Thane and king as there is no such thing as witches known in present times so Macbeth in present time would not be as spooked and as tempted as there is no fear in what they say today. If I could develop this drama through the use of costume, stage design, special effects and props I would have used lighting so that every so often when the witches finished a sentence they flashed so it gave the effect of lighting and mystery and to give the atmosphere of storm I would also use black clothes with were ripped and look dirty and for Macbeth I would wear battle clothes like armor as they had just come from battle in this scene. When creating this movement piece from act 1 scene 7 I feel it gave a great sense of how Macbeth was feeling and gave an idea of the thoughts going through his mind as he is drawn to what the witches are saying but backs away when in his mind he thinks it may happen and he becomes overwhelmed with the thought. I feel we could have developed this further by the speed in which Macbeths walks toward the witches and when he backs away as the tempo and rhythm of that could make the audience engage more with his thoughts, also using contrasts as in the stillness when Macbeth backs away to when he was all excited to hear he will be king when he is very active, using spoken language in this piece may have made this better as some members of the audience may not have fully understood what was going on within this piece. If we were to use our movement piece and turn it into a naturalistic role-play I would design the stage as a dark stormy sky as the witches bring storms and the blackness can symbolize evil being the witches. Within this role-play I would have to think about spoken language between the characters including gestures and how they should show how they really feel with body language and where the climax of the whole scene should be in order to make it work. Acting out the text using Shakespeareââ¬â¢s language was very challenging and difficult to master and I would need a lot of time to get it perfect. If I had a week to rehearse a scene I would pick the very first one in the play when you meet the witches for the first time as I think this sets the scene for the rest of the play, in this I would use my voice to project over the whole of the stage when needed to create a sense of the witches being mysterious and my body language would be very bizarre as the witches move like this to create a strange atmosphere.
Thursday, November 14, 2019
Jeanette Wintersons Written on the Body and Caryl Churchills Cloud Ni
Jeanette Winterson's Written on the Body and Caryl Churchill's Cloud Nine In Jeanette Wintersonââ¬â¢s Written on the Body and Caryl Churchillââ¬â¢s Cloud Nine differences between male and female roles in society become distinct. Through these differences, an intricate web of male and female characters seems to be woven, and we can see the clarity between gender roles. With the support of Churchillââ¬â¢s Cloud Nine by Jeffrey Barber, ââ¬Å"You see, I am no stranger to loveâ⬠: Jeanette Winterson and the Extasy of the Word by Celia Shiffer, and ââ¬Å"Body Languages: Scientific and Aesthetic Discourses in Jeanette Wintersonââ¬â¢s Written on the Body,â⬠the idea of love and gender roles present in Jeanette Wintersonââ¬â¢s Written on the Body and Caryl Churchillââ¬â¢s Cloud Nine become alive, and we see how these characters both form to and break from their assigned roles. The roles of the characters are exemplified by distinct differences between the genders through the presence of love and gender stereotypes, the dominant idea of nature, and the struggle between male and female characters with specific reference to sexual relationships and marriage. Gender stereotypes seem characteristic in both Written on the Body and Cloud Nine. Clearly the women are expected to be submissive, while the men are to be assertive. The first time we see the idea of these gender stereotypes in Cloud Nine is with Edward and his sister Victoriaââ¬â¢s doll. Dolls are clearly not toys for boys; they are only for little girls. And so, when Edward is caught playing with the doll, his father and mother show disappointment in him because it is not proper for a boy to play with a doll. Edward gives the doll up unwillingly. The second time Edward is caught playing with the doll Betty says ... ...tinguishable, often seems figures as a condition of being human rather than coded with female specificityâ⬠(Shiffer 33). Schiffer draws our attention to a very important concept brought about throughout the two novels; the concept of loss. Love can only be measured by loss, and in Written on the Body the narrator realizes the importance of Louise and the impact she had on her life only after she is gone. However, when Betty leaves Clive in Cloud Nine she realizes all that she can do for herself, which furthermore signifies Cliveââ¬â¢s irrelevance to her life. Both of these works explicitly work for and against one another both forming to and breaking from very intricate connections. Through both texts, we can see how each of the characters wants to conform to certain stereotypes, and how ultimately, many of the characters end up breaking from the stereotypes set forth.
Monday, November 11, 2019
Difference Between Goals
Goals are often the main fundamental end point towards which organizations work. Goals define the aims and objectives of organizations that are set to be achieved in the due course of time. The different types of goals in an organization are for different purposes and reasons. Fundamentally there exist two categories of goals: official goals and operative goals. (Daft, 2001) The difference between these goals is quite obvious and can be explained easily.Official goals exist to define the organizationââ¬â¢s overall legitimate objectives i. e. the stage it will reach during the course of its existence. Operative goals, on the other hand are in place to provide the momentum and motivation to employees in a particular direction. These seek to establish decision guidelines and are basically the means to achieve the fundamental objectives. In other words, operative goals define the goals of performance and employee productivity in order to meet the official goals.à (Daft, 2001)There s hould be a high degree of consistency and congruency between the official and the operative goals for the organization to benefit from it. At Google, the official goals are defined to being able to provide the world with all the information in and about the world in as many different languages as possible. Clearly speaking, it is a very broad, timeless and fundamental goals which Google is aiming at.There will hardly be any point in time when Google can claim that it has met its official goals. The operative goals of Google include the harbouring of individualism as well as collective group work: a goal that will motivate both strata of workers because it has been found out that many superb individuals may not gel into groups well and many average performers may perform exceptionally in groups. It also has provision for creativity and innovation.The operative goals of Google are clearly different and more specific towards performance and operations, while the official goals depict w hat the operative goals will one day lead to. (Google search engine) Thus, it should be borne in mind when considering the difference between operational and operative goals that these are highly related to each other and yet distinct. The example of Google as an organization highlighting the differences between these two types of goals exmplifies this fact aptly.
Saturday, November 9, 2019
Marriot Corporation Essay
2. Is the proposed restructuring consistent with managementââ¬â¢s responsibility? 3. The case describes two conceptions of managersââ¬â¢ fiduciary duty (p. 9). Which do you favor: the shareholder conception or the corporate conception? Does your stance make a difference in this case? 4. Should Mr. Marriott recommend the proposed restructuring to the board? Marriott Corporation (A) 1. Why is Marriottââ¬â¢s chief financial officer proposing Project Chariot? What is your assessment of MCââ¬â¢s financial condition? Is this project necessary for the companyââ¬â¢s survival?. 2. Is Project Chariot consistent with managementââ¬â¢s responsibilities? To bondholders? To shareholders? To the public? 3. The case describes two conceptions of managerââ¬â¢s fiduciary duty. Which do you favor: the shareholder conception or the corporate conception? Does your stance make a difference in this case? 4. Should Mr. Marriott recommend the proposed restructuring to the board? 5. Who will be affected by Project Chariot? Should MC make any concessions to the bondholders? ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â Ans. 1 Project Chariot involves a conflict of interest between the shareholders and the bondholders since in this case the debt being held by Marriott Corporation (MC) is risky. Project Chariot aims to create MII with low debt and HMC with high debt. Thus bondholders will find that their investment gets tied to risky real estate assets whose appreciation is uncertain. Food management which is a major segment of MC remains with MII. Thus Project Chariot aims to give shareholders the business upside and bondholders the real-estate downside. Hence this appears to be a case of risk shifting. Shareholders stand to gain while bondholders will lose if Project Chariot is implemented. Ans. 2 This seems to be a case of ââ¬ËCashing outââ¬â¢/ââ¬â¢Wealth Transferââ¬â¢ where the ââ¬Ëoverallââ¬â¢ wealth is being transferred from the bond holders to the equity holders. The following points lead us to the direction of it being a ââ¬Ëwealthà transferââ¬â¢ type of conflict: * Chariot will result in a loss to bondholders and a gain to shareholders as the bonds will be downgraded by rating agencies and the returns of the bondholders will be attached to a heavily indebted duty * Total Debt will become more risky, and bonds will be downgraded to ââ¬Ëbelow investment gradeââ¬â¢ level * MC would be divided into two separate companies. MII would do MCââ¬â¢s lodging, food, and facilities management businesses, whereas HMC would retain MCââ¬â¢s real estate holdings and its concessions on toll roads and in airports, Hence bond holders will now have a claim on only the payoffs of HMC and not MII. So, because of the above reasons ââ¬ËProject Chariotââ¬â¢ seems like a case of ââ¬ËWealth Transferââ¬â¢ conflict of interest. Ans. 3 We believe in the broad view of manager responsibility. We think that managers should not only consider the interests of shareholders but also the interests of bondholders, employees, and other related parties. This responsibility is even more important in the case of a B2C company like Marriott. If they getâ⬠¦ 1. If the Project Chariot is implemented i.e. Marriott is divided into 2 companies Marriott International(MI) with the risk free profit generating operating hotel and service business while the other Host Marriott(HM) a would own Marriottââ¬â¢s hotel and undeveloped real estate businesses and other non service businesses, this will affect the following players: a) Shareholders: Shareholder now have majority stake in a corporation with a lower probability of default while all the risk is transferred to debt holders. So all the risky investments are highly leveraged with bond holders exposed to the risk. On the other hand MI backed mainly by shareholders equity and performing assets and thus would be able to issue new debt increasing value for both shareholders and the corporation. Thus the shareholders would gain at the expense of bond holders and the equity value of the company would increase. b) Bondholders Bondholders had a lot to lose as according to Project Chariot almost all the debt would be assigned to HM. Given the problems in real estate and hotel markets there was a concern of HMââ¬â¢s ability to meet its debt payment and there was a high probability of default. This meant that the risk was issued at investment grade but now was not backed by valuable assets of the companies which were to be spun off to MI which was to be backed by equity. The value of the bonds would decline substantially and the bond holders would loose a lot of their investment. c) Management(The Mariott brothers) The management gains from the spin off since it is able to split its distressed assets from the profit driving assets and there was a new company which was not under distress thus helping them retain their management positions and start from scratch. They can concentrate on core businesses thus improving efficiency and value. d) The value of the whole company: The spin off does not create value for the company as a whole but only distributes theâ⬠¦ What: Under Project Chariot, Marriott Corporation (MC) would become two separate companies. The new company, Marriott International Incorporated (MII), would consist of MCââ¬â¢s lodging, food, and facilities management businesses, as well as the management of its life-care facilities. The existing company, renamed Host Marriott Corporation (HMC), would retain all MCââ¬â¢s real estate holdings and its concessions on toll roads and airports. Why: This project is being proposed because the economic slowdown in the late 1980s and the 1990 real estate market crash left MC owning many newly developed properties for which there were no buyers, together with a massive burden of debt. The new company (MII) would have the financial strength to raise capital in order to take advantage of investment opportunities. The existing company (HMC) would take on the newly developed properties and most of the existing debt. HMC would be valued for the chance of appreciation in the property holdings when the real estate market recovered, not on the basis of earnings, thereby reducing the pressure to sell properties at depressed prices. 2- The fiduciary duty of management is to the shareholdersà because they are more than creditors; they are the actual owners of the firm. Management is entrusted with the responsibility to increase shareholder value and their main focus should be on investing in projects that accomplish that task. As stated in the case: ââ¬Å"U.S. courts had held that corporations have no responsibilities to safeguard the interests of bondholders other than those spelled out by the terms of the bond indentureâ⬠. 3- I first looked at the initial market reaction; the change resulting from October 2, 1992 (pre-announcement) through October 7, 1992 (post-announcement). I used October 7 for my initial market reaction because in 1992 many people may have still relied on newspapers for investment information. In addition, I assessed this narrow amount of time separately because widening the range of dates used to evaluate the change in prices may allow other variables outside of Project Chariot to come into play. However, I also looked at a wider range of time [October 2, 1992 (pre-announcement) through December 31, 1992]. If you can reasonably assume no extraneous variables affected the prices during this time, widening the range of dates assessed can give an idea of the impact to prices after the initial market over/under-reâ⬠¦
Thursday, November 7, 2019
QA How and Why Should I Keep Track of Time on the SAT or ACT
QA How and Why Should I Keep Track of Time on the SAT or ACT SAT / ACT Prep Online Guides and Tips If you want to do well on the SAT or ACT, keeping track of time and how many questions you have left is extremely important. Sections are 35-60 minutes long on the ACT and 25-65 minutes long on the SAT. One of the leading reasons students perform poorly on either test is that they run out of time. And one of the leading reasons students run out of time is not because they're not aware of how much time is left. We'll go over the best way to keep track of time on the SAT/ACT in this article, including what timekeeping devices are and are not permitted on test day. Q: How Does Knowing How Much Time Is Left Help Me? Answer: It lets you plan out which questions to answer first. For each SAT/ACT section, most people agree that it's strategically best to start with the questions that are easy for you. You can then go back and answer the harder ones in an order that depends on how much time is left. If you have three hard questions and 15 minutes left, it probably doesnââ¬â¢t matter what order you do them in. On the other hand, if you only have five minutes left to do three hard questions, you should try to do the easiest-looking one first. But you canââ¬â¢t even make that choice if you have to rely on having a good view of the big clock on the wall or on the proctor's desk. Q: What Can I Bring to Time the Exam Sections? Answer: Not much. Unfortunately, neither test is very accommodating when it comes to timing devices. Both the SAT and the ACT have the following strict rules about what you can bring to the test. Rule 1: You Can't Bring a Cellphone This is for real. You are technically not even allowed to have a cellphone with you in the room, and you're certainly not allowed to look at your phone during the test or during the breaks in between sections. In practice, if you do take your cellphone with you to the testing center, you must make sure it is completely turned off. If you want to be really safe and know how to take the battery out of your phone, do it. Silent mode just isn't safe enough for the SAT or ACT. We say this because cellphones, even on Silent or Airplane mode, can beep or vibrate loudly for various reasons, from a national weather alarm alert to a software update that restarts the phone. And if your phone goes off, the test is over for you. Your test booklet will be confiscated and disqualified from being scored. More pertinently, even if you bring a cellphone with you to the testing center (which, again, is technically not allowed), you definitely, definitely can not use your cellphone, even just as a timer. Rule 2: You Canââ¬â¢t Bring Separate Timers The College Board explicitly lists "separate timers of any type" as something that cannot be brought in. This means no stopwatches, no kitchen timers, and no hourglasses. An hourglass is not an acceptable timekeeping device for the SAT or ACT. Rule 3: You Can't Bring Anything That Beeps If you use a beeping watch in a way that doesn't beep, it should be fine for the SAT/ACT. However, are you sure you wonââ¬â¢t accidentally hit a button that makes it beep? Sure enough to bet your entire SAT or ACT score on it? The only way to guarantee your test won't get disqualified is to play it safe and just bring a watch that cannot make a beep. Q: Whatââ¬â¢s the Best Plan for Keeping Track of Time on the SAT/ACT? Answer: Use an analog (non-digital) watch that canââ¬â¢t beep but that you can easily reset. You can get a cheap non-digital watch for less than $15 on Amazon. If youââ¬â¢re not great at reading clocks, you can get an easy-to-read one that has the minutes marked on a ring around the watch face. Once you have your analog watch, practice using it as a timer with either of these two strategies. Strategy 1: Set Your Watch to Noon Right when each section starts, set your watch to 12:00 (so that the minute and hour hand are both on the 12). The minutes past 12:00 tell you how many minutes passed since the section started. It's an easier way to check how much time has passed than doing the mental math of, "So we started at 10:48, and it's 11:04 now, which means...16 minutes have passed? Probably?" The main problem with this method is that you still have to do some mental time math. For instance: "The 25-minute SAT Math No-Calculator section started at 12 pm and now itââ¬â¢s 12:07pm. How many minutes do I have left?" The answer is 18 minutes, but the time it took you to do the math in your head is lost time you could've been spending on the test. Save your math for the Math section and use this next trick. Strategy 2: Use Your Watch to Count Down to Noon An alternative to setting your watch exactly to noon is to set your watch to a section's length before the hour. For instance, if the section is 25 minutes long, set your watch to 35 minutes past the hour (which is 25 minutes until the next hour). The watchââ¬â¢s countdown to the end of the hour will also be a countdown to the end of the section. Here's a handy table with the times you should set your watch to at the beginning of each section: Section Length (minutes) Set your watch to... What sections are this length? 25 11:35 SAT Math (No Calc) 35 11:25 SAT Writing and Language, ACT Reading, ACT Science 40 11:20 ACT Essay (optional) 45 11:15 ACT English 50 11:10 SAT Essay (optional) 55 11:05 SAT Math (Calculator) 60 11:00* ACT Math 65 10:55* SAT Reading *To keep the countdown to noon consistent across all sections, it's better to use 11 and 10:55 here, but you could theoretically use a different time if you wanted. Setting your watch to count down to noon is helpful because: You effectively have a timer, giving you an edge. It's completely within policy, since you are allowed a non-beeping watch. It's better than doing time math. Of course, if you use this method, don't forget to reset the watch at the beginning of each section. And when the test is over and youââ¬â¢re out of the test room, set the watch back to the real time. Whatââ¬â¢s Next? Take advantage of your new knowledge of how to keep track of time by reading our tips on saving yourself time during the SAT. Still worried you'll run out of time? We have more great tips on how to avoid running out of time on SAT/ACT Reading and SAT/ACT Math. How long exactly are the SAT and ACT, anyway? Find out with our guides to how long (with breaks) the SAT and ACT are.
Monday, November 4, 2019
Creating Shared Value by Mark R Kramer Article Example | Topics and Well Written Essays - 750 words
Creating Shared Value by Mark R Kramer - Article Example The industries and large business corporations of the present day are highly responsible for various environmental, social and economic problems. In other words, it is stated that there is a siege of the capitalist system. However, there is an inherent requirement for the change in existing paradigm for CSR. Traditionally, the organizations believed that creating the social values would hamper the economic success. The author has demonstrated in this article the concept of ââ¬ËShared Valuesââ¬â¢ that would help the organization in building both economic and social values without affecting the economic success. The article will be judged based on certain criteria including creativity, adherence to the topic, tendency to influence the readers and reliability (Porter and Kramer 62-77). The article ââ¬Å"Creating Shared Valueâ⬠mainly focuses on the business establishments for regaining the trusts in the current era of crisis. In the article, the authors have asserted, ââ¬Å"The capitalist system is under siegeâ⬠; ââ¬Å"learning how to create shared value is our best chance to legitimize business againâ⬠(Porter and Kramer 64). However, the article aims at transforming the social problems related to the organization into opportunities for business and thus contributes to solving the social challenges along with increased profitability for the organization at the same time. Moreover, Porter and Kramer have also asserted in the article that, ââ¬Å"Creating Shared Values can give rise to the next major transformation of business thinkingâ⬠, ââ¬Å"drive the next wave of innovation and productivity growth in the global economyâ⬠and ââ¬Å"reshape capitalism and its relationship to societyâ⬠(Porter and Kramer 64). However, these are t he most tempting propositions made by the authors that have created enormous attention among the business community, educators, and the management practitioners.
Saturday, November 2, 2019
The Importance Of The BRIC Countries To The United States Economy Term Paper
The Importance Of The BRIC Countries To The United States Economy - Term Paper Example As the level of integration amongst the financial markets increases, it is critical for policy makers and global investors to understand the synergy between certain economies. This is important to adjust their portfolios and achieve proper diversification. In many ways, these are unprecedented times. The study and analysis of the relationship between the fastest emerging economies and the United States economy is gaining a lot of attention. The US economy dominates the global economic environment influencing industry trends and market behavior. However, the evolving economies of the BRIC countries have challenged the US economy and it is envisaged that the future holds immense potentials for growth and development in these countries. US trade relations and economic ties with these countries will play an important role in defining future prospects and economic potentials for both US and BRIC countries. The study evaluates the growing significance of the BRIC countries to the US econom y and analyses the factors driving these economic indicators. ââ¬Å"BRIC countries are expected to contribute one-third of the world's GDP increment in 2015, by which time their total economy will surpass America, according to a leading Chinese think tankâ⬠(Economic Times). The countries of Brazil, Russia, India and China are the key emerging markets in the world economy. China and India represent for approximately 33% of the worldââ¬â¢s total population. Both these countries have a high concentration of their population in the middle class who possess high purchasing power. The gross domestic product (GDP) rates in the BRIC countries are higher than those of developed countries (Desai, Acharya & DeKeizer). By 2025, it is estimated that BRICs will account for 50% of G6 countries. By 2045, the BRIC economies will take over that of G6 countries. By 2025, annual increase in dollar spending from BRICs would be twice G6 and four times by 2050 (Wilson). By 2033, it is estimated that India will have the third largest economy in the world after China and the United States. Among the BRICs, India will have the fastest growing economy. As a percentage of population, India will have highest working age population i.e. 15 to 60 years. In 2050, three of the large st four economies will be in Asia (Desai, Acharya & DeKeizer). The emerging markets provide a number of opportunities. They have the potential to have high growth rates. They have the capability to attract greater volume of foreign direct investments (FDIs). They make a huge amount of investment in infrastructure. The presence of a large middle class gives a boost to demand. There is an enormous supply of skilled and cheap labor. There is great opportunity for outsourcing work particularly in India. Emerging markets present even more opportunities in the form of disinvestment of public sector units (PSUs). There is large scale of mergers and acquisitions both domestically and globally. They are also fast in catching up with technological changes. These BRICs have a vast supply of agricultural and mineral resources. Their commodities markets are also growing rapidly (Desai, Acharya & DeKeizer). In demographic terms, BRIC consists of worldââ¬â¢s two most populated countries and ano ther two with sizeable populations. China has the worldââ¬â¢s largest population accounting got one-fight of the total world population. India accounts for 17.5% of the worldââ¬â¢
Subscribe to:
Posts (Atom)