Saturday, October 5, 2019
The Penny Press Essay Example | Topics and Well Written Essays - 500 words
The Penny Press - Essay Example The penny press had much more to offer readers then traditional newspapers. The penny press, which became almost popular overnight, allowed writers to give the public a small breakdown of current events. This was important since readers no longer had to wait for other papers to circulate. Readers wanting to be updated on the latest and greatest events could purchase a subscription or pick up a paper from a local news stand. When consumers purchased the paper, they knew that the paper would contain information that was current and of interest. Not everyone took a liking to The Penny Press. ââ¬Å"Many were not interested in the topics presented and thought that they appealed to a lower class of individuals.â⬠(Friedman 2005) These people preferred the traditional style newspaper since it contained political info as well as the weekââ¬â¢s most important headlines. The late 1800ââ¬â¢s was a time that housed many new events. These new events were so popular and interesting to readers that they fueled the success of The Penny Press. The public quickly became use to the fact that they could read new and updated topics everyday for only one penny. The effect of the popularity of The Penny Press, left penny press writers with the need to constantly seek out new stories. These new stories were not always easy to find and The Penny Press opened up the doors and gave a new definition to the meaning journalism. Journalism quickly began to grow as the need for new stories became such a high demand. Consequences that arose from the increase in journalism as a result of The Penny Press are seen even in todayââ¬â¢s society. These consequences include a decrease in the publicââ¬â¢s privacy, an increase in paparazzi, and an increased want by the public to have information. The pressure this created on journalist made journalist hungry for information and willing to do what was necessary to get the most popular and sought after story. It is obvious that the
Friday, October 4, 2019
Cultural diversity in human resource management within hospitality Essay
Cultural diversity in human resource management within hospitality industries - Essay Example The literature published on the particular issue is explored. It seems that the forms of cultural diversity as part of the HRM in hospitality industry can be differentiated across firms in accordance with the local social and cultural principles; the ethics of each organization in regard to this issue have also an important role in choosing the HRM strategies of firms operating in the hospitality industry. The aspects of HRM in three major organizations in the hospitality industry, Hyatt, Hilton and Marriott are presented in order to show the common forms and effects of cultural diversity for HRM in organizations operating in this industry. It has been proved that the practical forms and implications of cultural diversity in the workplace can be differentiated from their theoretical context, at the level that market conditions tend to change continuously requiring different approaches when developing critical organizational decisions, such as decisions related to the level of cultura l diversity accepted within each organization. In order to understand how diversity can impact human resource management it would be necessary to refer to the role of HRM within modern organizations. Human Resource Management (HRM) can be characterized as a framework for managing employee issues across organizations. The role of HRM, even if seems simple, it could be described as quite complex, having to align the needs and the skills of individuals with the needs and the resources of the organization. The above view is verified through the following fact: HRM is divided into many categories, i.e. forms, each of which aims to address specific organizational problems, for instance, hard and soft HRM, the strategic HRM Management and so on (Talwar 2006). In accordance with Lee-Ross et al. (2010) HRM aims to support the relationships between employer and employees; it is explained that these relationships are often difficult to be managed, due to the lack of communication skills of HR managers but also due to the lack of willingness by the employees to support innovation and change. From a similar point of view, Saee (2006) supports that HRM is used for resolving disputes between the employer and employees especially in regard to the methods and the time framework related to the completion of various organizational projects or the alteration of existing business practices. It is also noted that HRM is a framework indicating the level of capabilities of managers involved in the relevant activity. On the other hand, Riley et al. (2002) supports that HRM is a mechanism/ framework reflecting primarily the interests of the organization; it is for this reason that HRM policies are usually based on the organizational aims and targets, either in the short or the long term. The level at which cultural diversity is promoted by HR managers within a
Thursday, October 3, 2019
Hilift Pty Ltd Essay Example for Free
Hilift Pty Ltd Essay Hilift Pty Ltd (Hilift) owns an industrial crane. Hilift employs two crane operators, Elwyn and Osman, who each work 4 hour shifts. In May 2008 the owner/builder of a new apartment block hires Hiliftââ¬â¢s crane and operators for two weeks to lift building materials to the upper floors of their building. At the end of the first shift on the 10 May, Elwyn notifies the manager of Hilift that the crane is not performing properly and that it needs looking at. The manager contacts the company who does repairs and maintenance work on the crane, EFL Engineering, and asks for an engineer to be sent out immediately. EFL says that no-one is available for two hours. The manager of Hilift decides to allow Osman to begin his shift before the engineer arrives, since to stop work will delay construction. Osman is halfway through hoisting his first load when a cable in the crane snaps and the crane swings out of control, smashing into a lower floor of the building. Two construction workers in the building are injured. One has both legs crushed and they have to be amputated. The other worker will be hospitalised for a long time with serious injuries but will make a full recovery. The building is damaged by the accident and will cost $75,000 to repair. The construction of the building is delayed by three months because of the accident, and for this period the expected income from tenants is lost. Osman is deeply traumatized by these events and cannot bring himself to drive a crane again. After a period of six months without employment, during which he receives psychiatric treatment, Osman takes lower paid work as a general construction worker. A subsequent inspection of the crane finds that the fault in the cable would have been discovered if an engineer had inspected the crane after El wynââ¬â¢s shift had ended. To replace this cable would have taken six hours. Advise Hilift as to whether, and to what extent, the company will be liable in tort for the harm that has occurred. Facts: Hilift Pty Ltd owns industrial crane May 2008: hired to lift building materials to upper floor of new apartment block Hilift is aware crane is not performing properly Hilift contacts repairs company Hilift allows Osman to work before crane is looked atà Cable in crane snaps Causes $75 000 of property damage and delays construction by 3 months Osman is traumatized, cannot drive crane again Fault in cable would have been discovered by engineer Advise Hilift as to whether, and to what extent, the company will be liable in tort for the harm that has occurred. Consider: Osman, Construction Worker 1, Construction Worker 2 and the building owner using IRAC. Issue: Is the company liable in tort for the harm that has occurred to Osman, Construction Worker 1, Construction Worker 2 and the building manager and to what extent? Rule Tort of Negligence: The respondent in a civil claim of negligence will only be liable to the applicant/plaintiff by way of damages if the following elements are established on the balance of probabilities: 1. That a duty of care was owed by the respondent to the plaintiff in the relevant situation; Here you would cite cases if relevant ââ¬â specific tests/standards etc. 2. That the respondent breached that duty of care owed to the plaintiff; and Again, cite case authority and any applicable standards ââ¬â e.g. ââ¬Å"reasonable personâ⬠3. That the plaintiff has suffered some injury or damage as a result of that breach. Case authority ââ¬â e.g. the injury must be reasonably foreseeable. Apply ââ¬â Osman 1. Duty of care? Hilift reasonably ought to have been able to foresee, and clearly did know, that there would be risk that the crane would malfunction or break which would likely cause physical or psychological harm to the crane operator, if he did not wait for the maintenance / repairs company. This is supported by the fact that the other operator, Elwyn, notifies the manager of Hilift after his shift recommending that the crane needs to be looked at. This is also supported by the fact that the manager contacts the maintenance company: if he did not perceive there to be a risk, why did he contact the maintenance company and request a consultation immediately? While a person is not generally liable in tort for psychological harm, this is a special case under the pure mental illness exception, whereby the plaintiff, Osman, witnessed the two construction workers being severely injured Neighbour principle: Established a duty of care between employer and employee in Wilson Clide Coal Co LTG v English (1 938): employers owe employees a duty of care to provide a safe working environment, and Paris v Stepney Borough Council (1951). 2. Breach? Standard of care: the ââ¬Å"reasonable manâ⬠definitely would have believed there to be a real and foreseeable risk that the plaintiff might be injured if the crane malfunctioned or broke The ââ¬Å"reasonable manâ⬠would have waited the two hours for an engineer from EFL Engineering to check the crane. The ââ¬Å"reasonable manâ⬠would have exercised a much greater standard of care, particularly as the crane was lifting building materials to upper floors and the consequences if the crane malfunctioned were very serious. 3. Damage? Osman was ââ¬Å"deeply traumatizedâ⬠and cannot drive a crane again He received psychiatric treatment and would eventually take lower paid work. Causation: if Hilift had waited for EFL Engineering, the cable would not have snapped and would not have caused Osmanââ¬â¢s psychological injury. (ââ¬Å"But forâ⬠test) Foreseeability: Hilift ought to have foreseen that if he did not wait for the EFL Engineering consult, that the crane could malfunction and this malfunction would be likely to cause injury or death to others and consequently cause a severe risk of physical or psychological harm to theà crane operator. Conclusion Osman Hilift would be liable in tort for the psychiatric injury to Osman, but is unlikely to be liable in tort for the compensation for Osmanââ¬â¢s reduced salary after the accident because established in Kyogie shire Council v Francis (1989) that it is not permissible for the court to award damages to compensate the injured for profits they may have earned if not for the negligent conduct. Apply ââ¬â Construction worker 1 (Amputee) 1. Duty of care? Hilift reasonably ought to have known that there would be a (not insignificant) risk that the crane would malfunction or break, which would, in turn, be likely to cause severe damage or injury to workmen below. Supported by Hiliftââ¬â¢s contact with the maintenance company: if he did not perceive there to be a risk, why did he contact the maintenance company and request a consultation ââ¬Å"immediatelyâ⬠? Neighbour principle: Established a duty of care between employer and employee in Wilson Clide Coal Co Ltd v English (1938): employers owe employees a duty of care to provide a safe working environment, and Paris v Stepney Borough Council (1951). 2. Breach? See ââ¬Å"Breachâ⬠in Apply ââ¬â Osman The likely seriousness of the consequences of Hilift continuing construction without waiting for the engineer were extremely serious as the crane was handing heavy materials at a high altitude, which suggests Hilift ought to have exercised a higher standard of care. 3. Damage? The snapping of the cable caused direct, severe injury to the construction worker, requiring amputation of both legs. Causation: If Hilift had waited for EFL Engineering, the fault in the cable would have been detected and fixed, and the construction worker would not need to be amputated. Foreseeability: Hilift ought to have foreseen that if he did not wait for the EFL Engineering consultant, the crane could malfunction and this would be likely to cause severe injury or death to construction workers working on lower floors. Conclusion ââ¬â Construction Worker 1 Hilift would be liable in tort to pay compensation for the costs incurred by Construction Worker 1 due to that hospitalisation and forced amputation of both legs, and possibly even ââ¬Å"consequential mental harmâ⬠depending on the mental health of Construction Worker 1. Apply ââ¬â Construction Worker 2 1. Duty of care? see ââ¬Å"Duty of careâ⬠in Apply ââ¬â Construction Worker 1* 2. Breach? Standard of care: the ââ¬Å"reasonable manâ⬠definitely would have believed there to be a real and foreseeable risk that the plaintiff might be injured if the crane malfunctioned or broke. The ââ¬Å"reasonable manâ⬠would have waited the two hours for an engineer from EFL Engineering to check the crane. The ââ¬Å"reasonable manâ⬠would have exercised a much greater standard of care, particularly as the crane was lifting building materials to upper floors and the likely seriousness of the consequences if the crane malfunctioned. 3. Damage? The snapping of the cable hospitalised Construction Worker 2 for an extended period of time and serious injuries. Causation: If Hilift had waited for EFL Engineering, the fault in the cable would have been detected and fixed, and the construction worker would not need to be hospitalised. Foreseeability: Hilift ought to have foreseen that if they did not wait for the EFL Engineering consultation, the crane could malfunction and this would be likely to cause severe injury or death to construction workers working on lower floors. Conclusion ââ¬â Construction Worker 2 Hilift would be liable in tort for compensation for the costs incurred by Construction Worker 2 for the hospitalisation due to Hiliftââ¬â¢s negligent inaction by allowing Osman to continue work on a faulty crane. Apply ââ¬â Building Manager 1. Duty of care? Hilift ought to have foreseen that if the crane was faulty, it would likely cause damage to the building Duty of care: professional persons (Hilift) owing a duty to client (building owner) established in Hill v Van Erp (1997). Analogous situation: manufacturers (Hilift) owing a duty to eventual consumer (building owner) established in Donohue v Stevenson (1932). 2. Breach? Standard of care: the ââ¬Å"reasonable manâ⬠definitely would have believed there to be a real and foreseeable risk that the building would be damaged if the crane malfunctioned while handing heavy building materials. The ââ¬Å"reasonable manâ⬠would have waited the two hours for an engineer from the EFL Engineering to check the crane. 3. Damage? The building will cost $75 000 to repair Construction is delayed by three months; expected income from tenants during this period is lost. Causation: If Hilift had waited for EFL Engineering, the fault in the cable would have been detected and fixed, and the building would not need to be repaired, nor will construction be delayed 3 months. Foreseeability: Hilift ought to have foreseen that if he did not wait for the EFL Engineering consultation, the crane could malfunction and this would be likely to cause damage to the building. Conclusion ââ¬â Building Manager Hilift would be liable in tort for the compensation of $75, 000 for theà building repair, but precedent suggests the company will not be liable for compensation for the expected profits the building owner lost due to the three month delay. This was established in Kyogle Shire Council v Francis (1989).
Are Artists Heroes? Artists that Defy Convention
Are Artists Heroes? Artists that Defy Convention The Idea of Artist as Hero They do not fight wars, end famine or rescue small children from burning buildings. Yet, at least according to some Renaissance-era boosters, they are heroes. Though they may not have led battalions, their accomplishments on the canvas were thought to be of such magnitude that, according to many, they deserved heroic praise and treatment. (Barolsky, 1998.) Two artists of their time who may deserve such accolades- emphasizing the qualifier- were Berthe Morisot and James Abbott McNeill Whistler. Though their work did not necessarily put their lives and bodies in danger, they, and many contemporary impressionists were heroes for daring to defy convention. Berthe Morisot was born into a wealthy French family where she was taught to appreciate art from an early age. However, this appreciation did not mean that she should have sought to make art her lifeââ¬â¢s work and Morisotsââ¬â¢ decision to do so was surely a surprising one. Manet became one of her biggest influences both professionally and personally, so much so that he was eventually her brother in law. (Neary, 2005.) Morisot was known for her ââ¬Å"pictorial technique, with her loose brushstrokes, unfinished backgrounds, and light-infused colorâ⬠(Author Unknown, 2005) which placed her squarely in the Impressionist camp, a school of thought she remained loyal to in her work long after the Impressionists disbanded and the movement died. James Abbott McNeill Whistler, a Morisot contemporary, was born in Lowell, Massachusetts and spent his childhood shuttled between America and Russia, which was where his father worked as a railroad engineer. Shortly after his father died, Whistler, then still a child, came back to America, settled in Connecticut and attended West Point. At the age of twenty, Whistler left America and never came back, preferring to work in Europe. However, Europeans themselves did not care for Whistlerââ¬â¢s output, considering it to be too abstract. Whistler in turn responded that the art favored by critics is too detailed, almost to the point of the canvas being stuffed with extras. (Author Unknown, 1998.) What made Morisot and Whistler, whose only commonality seemed to be their artistic styles, deserving of being artistic heroes? Perhaps it was their will to define convention. This willingness cost them dearly. As Brown writes of Morisot, Whistler and their fellow impressionists, they ââ¬Å"began to oppose the Academic standards that had dominated artistic production since the time of Louis XIVâ⬠and were consequently met with public ââ¬Å"mockery and derision.â⬠(Brown, 2005.) Whether in politics, religion, art or any other aspect of society, it is never an easy thing to defy convention. Indeed, Brownââ¬â¢s article notes that towards the beginning of Hitlerââ¬â¢s reign, he organized the ââ¬Å"degenerate art showâ⬠where the German public was invited to laugh at what was perceived by Nazis to be art that was beneath them. Two decades later, United States Senator Joseph McCarthy targeted visual artists in his hearings and three decades afterwards another United States Senator, Jesse Helms, insisted that the National Endowment for the Arts be disbanded. All three of the subjects mentioned above had plans that reached beyond artists- be it Hitlerââ¬â¢s Final Solution on McCarthyââ¬â¢s hearings on supposed Communist sympathizers- or Helmsââ¬â¢ frequent attack on minorities and homosexuals. Yet in each of these cases, artists were the canaries in the coal mine- they were the first to wither attacks because they were perceived to be the easie st targets. Before his death in 1903, Whistler produced over four hundred paintings, many of which are now exhibited in galleries and museums world-wide. (Author Unknown, 1998.) Yet, all this fame was garnered well after Whistlerââ¬â¢s demise. Even Leonardo Da Vinci, despite being well-respected even during his years on Earth, was mistrusted by certain British authorities- because he worked with his left hand. This struck many of the powers that be as ungodly and at one point Leonardo was tried as a sodomite. (Brown, 2005). Indeed, history is filled with figures who, despite having done good, often ground-breaking work, faced persecution- particularly in the Old World- [Galileo, Newton, even Einstein]. Lest one think that this is merely an exercise in Christianity-bashing or perhaps in decrying conventional Western civilization as we know it, it is important to note that early Christians themselves faced the wrath of others for being different. Tertullian, a figure of the Roman times, elucidated that ââ¬Å"Christians are to blame for every public disaster and every misfortune that befalls the people.â⬠(Wade, 2002.) Nor does this mean that anything which is new will inevitably shunned, with innovators put on the dock by the majority. A contemporary example involves the British Council, which recently reopened in Libya after a thirty year absence. (Black, 2007) However, people as a whole tend to operate within narrow confines, tend to lead safe lives and tend to dislike sudden changes or challenges to the routine of life. It is this aversion to change that allows the ridicule and persecution of the different. What, or who is a hero? Certainly those who fight fires, catch criminals, serve on the battlefield, or minister to the infirm in hospital wards count. But so too those men and women who create, inspire and persevere against the odds of their time. References: 1) Author Unknown. (2005) ââ¬Å"Berthe Morisot: An Impressionist and Her Circle,â⬠National Museum of Women in the Arts, 14 January-8 May 2005, accessed via http://www.nmwa.org/exhibition/artists.asp?exhibitid=122 on 25 May 2007. 2) Author Unknown. (1998) ââ¬Å"James McNeill Whistler,â⬠Scottish-American,à History Club, July 1998, accessed viaà http://www.chicago-scots.org/clubs/History/Newsletters/1998/July98-3.htm on 25 May 2007. 3) Barlosky, P. (1998) ââ¬Å"Leonardo, Satan and the Mystery of Modern Art,â⬠The Virginia Quarterly Review, Summer 1998, accessed via http://www.vqronline.org/articles/1998/summer/barolsky-leonardo-satan/ on 25 May 2007. 4) Black, I. (2007) ââ¬Å"Great Grooves and Good Grammar,â⬠The Education Guardian, 10 April 2007, accessed via http://education.guardian.co.uk/tefl/story/0,,2053576,00.html on 25 May 2007. 5) Brown, B.A. (2005) ââ¬Å"The Artist as Crazy, as Fraud, as Psychopath,â⬠ArtScene, April 2005, accessed via http://artscenecal.com/ArticlesFile/Archive/Articles2005/Articles0405/BBrown0405.html on 25 May 2007. 6) Neary L. (2005) ââ¬Å"Impressionist Berthe Morisot, Rediscovered,â⬠National Public Radio (NPR) Morning Edition, 1 February 2005. 7) Wade, R. (2002) ââ¬Å"Persecution in the Early Church,â⬠Probe Ministries, July 2002, accessed via http://www.leaderu.com/orgs/probe/docs/persecution.html on 25 May 2007.
Wednesday, October 2, 2019
Essay --
1. (Table A & B) A 1 turn loop is pulled out of a 2.0 T field at a velocity of 1.5 m/s to the right. A. Compute the induced emf in the loop and find the direction of the induced current. 75 points 15 points 15 points 10 points 15 points ï ¿ ¼B. A 25 turn loop extends 0.1 m into a uniform field that is decreasing at -3 T/s. Compute the induced emf in the loop and find the direction of the induced current. 2. (Tables C & D) A rod with a mass of 0.720 kg and a radius of 6.00 cm rests on two parallel rails (see the figure below) that are d = 12.0 cm apart and L=45.0 cm long. The rod carries a current of I = 48.0 A in the direction shown and slides along the rail. If it starts from rest, what is the speed of the rod as it leaves the rails if a uniform magnetic of 0.240 T is directed perpendicular to the rod and the rails? 3. (Tables E & F) A proton enters a region with a uniform magnetic field after being accelerated across a potential of 5000 Volts. The proton moves in a circle due to the magnetic force. If the ï ¿ ¼Ã¯ ¿ ¼ strength of the magnetic field is 2.5 T, what is the period of the proton's ci...
Tuesday, October 1, 2019
Relationships and Marriage - Couples Should Live Together before Marriage :: Free Argumentative Essays
Couples Should Live Together before Marriage I've heard on numerous occasions that one of every two marriages ends in divorce. Although I believe this estimate to be high, there is no question that divorce has become a common occurrence in today's society. I think the biggest cause of divorce is people getting married too soon. Couples should live together before they marry. People become enveloped in a sort of euphoric haze when a relationship first begins to take a serious turn. The object of your affection seems to be perfect in every way and can do no wrong. You want to spend all your time with this person; often neglecting anything you enjoyed pre-relationship. In effect, you lose your individual identities and become Siamese twins (thus the term, "joined-at-the-hip"). Thankfully, this stage in a relationship is only temporary. However, many couples mistake this hormonal surge as the sign that this is the one-and-only person they could spend the rest of their lives with. When the haze dissipates, only the strong relationships survive. If each couple contemplating marriage during this phase were to move in together first, the perspective the couple would gain on their relationship would prove whether [or not] their feelings were deeper than pure physical attraction or lust. It may sound clichà ©d, but you truly do not know someone until you live with that person. When a couple lives together, the comfort level between the two gradually increases until nothing is sacred. Little quirks that a person tries so desperately to keep hidden eventually come out into the open. Sometimes these quirks are too much for a person to live with; other times it is a combination of many that push them over the edge. Maybe you could deal with dirty clothes on the floor, but how about a total disregard for all household cleanliness? Living together before marriage clears the air and reduces the possibility for major surprises that could lead to marital strife. Sex is another issue that tends to cause problems in marriages. Of course people can have sex and not live together, but the sharing of a bed each and every night certainly facilitates the activity. At the risk of sounding promiscuous, one should "test the waters before jumping in." Sexual compatibility is extremely important in the satisfaction and happiness of a marriage. Sometimes compromises can be made on behalf of each individual, but it would be better to know if a person was incapable of satisfying you sexually before nuptials.
A History of Pakistan Essay
ââ¬Å"Believe it or not, India and Pakistan were once a solid and unified country: the citizens of the Indian border states of Rajasthan and Punjab were almost looking similar to the citizens of Pakistanâ⬠(Paul, 2005). ââ¬Å"So when India became free from the British colonizers in 1947, conflicts between the India and Pakistan started to become intense. Since then, India and Pakistan have continuously been angry and uninterested towards each otherââ¬âin fact, they have already participated in three major warsââ¬âand even during periods of peace, the two countryââ¬â¢s relationship had always been on the lineâ⬠(Jaffrelot, 2005). ââ¬Å"Inspired by their conflicts regarding territoriesâ⬠over the region of Kashmir, anger and hatred developed between the two countries over the years. For Pakistanis, the Kashmir dispute has become a symbol of broken pledges and Indian duplicity, and they are constantly attempting to raise the issue whenever possible, thus drawing strong reactions from India; on the other hand, India considers Kashmir as a vital part of the country, and attempts of the Pakistanis are viewed as an act to smear Indiaââ¬â¢s image (Conboy, 1992). Read more:à Current Political Situation of Pakistan Up to this day, Kashmir remains the worldââ¬â¢s largest and most highly militarized territorial dispute. Worse, as the years passed by, many issues have coupled the long-lived dispute over Kashmir, such as: the linked issues of the Siachen Glacier, the Wular Lake Barrage, and the current Kashmiri struggle; communalism and the plight of the minorities; nuclear developments; periodic domestic troubles; the Afghanistan crisis; and the involvement of outside powers (King, 1998). The Benefits of Pakistan Partition ââ¬Å"Economic programs in Pakistan after the period of its partition emphasized on core planning. The Pakistani government established objectives for controlling private industries. The partition was established in order to improve domestic businesses and reduce dependence on foreign trade. These efforts led to the stability of its economic development in the 1950sâ⬠(Jones, 2003). However, excellent results stopped coming in the two straight decades. By the early 1970s Pakistan had succeeded in conquering its goal of stability in terms of food availability, ââ¬Å"although this food was not really available to all Pakistanis because of the flawed distribution and shortcomings in the harvestâ⬠. In the late 1970s the Pakistani government began to decrease its power over the economy, which led to slowed development toward this goal. By 1991, however, the Pakistani government still controlled or managed many industries, including mining and financing, manufacturing and construction. Economic development enhanced during this time, at least gradually as a result of economic programs supported by foreign loans (Jones, 2003). A financial crisis after the partition stimulated Pakistan to institute major economic reforms. Because the partition resulted into an incredible surge in oil prices, Pakistan was haunted by a barrage of payments problem. To gather loans from well-regarded funding organizations, Pakistan made up its mind to implement programs in order to free its economy. These economic programs eliminated many strict government policies on investment, and established tariff systems that maintained trading at a manageable level. ââ¬Å"Also, reform deregulated many industries and privatized many public enterprises. These reforms continued through the mid-1990s, although at a slower rate because of political changes in Indiaââ¬â¢s government. In 1993 Pakistan permitted Pakistan-owned private banks to be established along with a minority of foreign banksâ⬠(Holliday, 2000). ââ¬Å"With the reforms, Pakistan incredibly made a smooth transition from a closed and very restrictive economy to one that is open and free to the world. By 1996 to 1997, foreign investment had grown to nearly $6 billion, up from $165 million in 1990 to 1991. Exports and imports also improved significantly at the same time. Economic growth since the 1980s has brought with it an expansion of the middle class, which was estimated to form 20 to 25 percent of Pakistanââ¬â¢s population in the mid-1990s. As a result, the demand for consumer goods has expanded rapidlyâ⬠(Mittmann, 1991). In Pakistan, the upsurge of innovative activity seems to have had more to do with the advent of partition than with the Silicon Valley phenomenon. The partition has dramatically changed the market and supply conditions, from being shortage and seller driven to being buyer and competition driven. To survive and grow, firms have to focus on improving their competitiveness. They are realizing that the real source of industrial competition today lies in innovation and the rapid technological change taking place throughout the world. Technology is now a key determinant of strategic change in Pakistani firms. Industrial development based on indigenous technology development is still an elusive dream, but the ââ¬Ëprocessââ¬â¢ of technology acquisition and assimilation is now very much a strategic process, aligned with firmsââ¬â¢ need to build competencies (Kudaisya, 2001). The partition has stimulated the rapid growth of innovation-driven industries such as information technology (IT), communications technology, biotechnology and pharmaceutical industries. This has led to a new type of business enterprise known as the knowledge enterprise and a new sector of the economy known as the knowledge economy. This sector is now a significant component of the national economy and accounts for a large portion of economic growth. The partition created renewed interest in innovative entrepreneurship as a key driver for the rapid diffusion of innovation in business and industry. Entrepreneurship occupies centre stage in the wealth creation process in the knowledge economy (Cohen, 2004). References: Cohen, S, 2004. The Idea of Pakistan. Brookings Institution Press. Conboy, K, 1992. Elite Forces of India and Pakistan. Osprey Publishing Holliday, T, 2000. Insight Guide Pakistan. Insight Guides; 3rd edition Jaffrelot, C, 2005. A History of Pakistan and Its Origins. Anthem Press; New edition Jones, O, 2003. Pakistan: Eye of the Storm. Yale University Press; 2nd edition King, J, 1998. Lonely Planet Pakistan. Lonely Planet Publications; 5th edition Kudaisya, G, 2001. The Aftermath of Partition in South Asia. Routledge; 1st edition Mittmann, K, 1991. Culture Shock! : Pakistan. Graphic Arts Center Publishing Company Paul, T, 2005. The India-Pakistan Conflict: An Enduring Rivalry. Cambridge University Pres
Subscribe to:
Posts (Atom)