Impact of Exports, Imports and Stock Exchange on Pakistan

Impact of Exports, Imports and Stock Exchange on Pakistan Impact of Exports, Imports and Stock Exchange performance on GDP of Pakistan. CHAPTER NO 1 INTRODUCTION 1.1 Background The stock market plays an important role in the economy by mobilizing domestic resources and channeling them to productive investment. This implies that it must have a significant relationship with the economy. The relationship can be seen, in general, in two ways. The first relationship views the stock market as the leading indicator of the economic activity in the country, whereas the second focuses on the possible impact the stock market may have on aggregate demand, particularly through aggregate consumption and investment. In other words, whether changes in stock market cause fluctuations in macroeconomic variables, like Consumption Expenditures, Investment Spending, Gross Domestic Product (GDP), Index of Industrial Production (IIP), etc., or are caused by these variables is an interesting issue to be examined. The former case implies that stock market leads economic activity, whereas the latter suggests that it lags economic activity. In addition to stock market another significant factors that are likely to effect on any economy around the world are imports and exports. As far as Pakistan is concerned its economy is highly reliant on the imports like industrial inputs, machinery, fuel and essential food stuffs. Pakistan major imports are petroleum, machinery, transport equipment, chemical, dyes, steel, iron, products, tea chemicals and many other products of goods and services which are not easily available in Pakistan. All the major transactions are in terms of million from the year of 2009 to 2011 having a percentage of GDP effect the economy of Pakistan. The major exports of Pakistan are the agriculture products, industrial goods, hosiery products, garments, cloth, fabrics and many other items which are excess in Pakistan Shabbir, Mahmood, Niazi, (1992). A country can avail numerous benefits from its exports. Firstly, trade expansion will bring about enhanced productivity through greater economies of scale in the export sector. Secondly, increased competition encountered in the international markets will undoubtedly provide greater incentives for technological advancement and better management, the effects of which will spill over into the non-export sectors, and thus raise the over-all productivity of the economy. Thirdly, increased export earnings will ease constraints on growth by enhancing the capacity to import essential goods, especially imports of intermediate and capital goods. In other words, export expansion promotes capital accumulation and, consequently, over-all economic growth. Fourthly, exports may have a positive imp act on productivity owing to better allocation of resources through specialization based on comparative advantage. Lastly, an export-oriented approach in a labor-surplus economy permits rapid expansion of employment and real wages. The importation and exportation of goods and services take a vigorous role in the progress of the economic development of Pakistan. It is observed that both factors import and exports help the economy to grow in the local and international market as well. Now due to energy crises the ratios of exports are very less as compared to imports. The rate of population of Pakistan is increasing day by day, which means a high increase of the demands and needs. The importation and exportation of goods and services play a dynamic role in the progress of the economy of Pakistan. It is observed that both factors import and exports help the economy to grow in the local and international market as well. Now due to energy crises the ratios of exports are very less as compared to imports. Therefore, the study will analyze the imports/exports and stock exchange growth with respect to Gross Domestic Product (GDP) of Pakistan. 1.2 Problem Statement A country like Pakistan whose economy is dependent on taking loans from International Monetary Fund (IMF) has to increase it exports and decrease its imports in order to reduce its dependency on foreign aid and loans. Moreover, owing to economic and political un stability the stock exchange of Pakistan fluctuates all over the year. Both imports/exports and stock exchange is effecting the Gross Domestic Product (GDP) of Pakistan over the years. Therefore, the study wants to find the impact of Imports/Exports and Stock exchange growth on GDP of Pakistan. 1.3 Research question What is the impact of imports, exports and stock exchange growth on GDP of Pakistan? 1.4 Research Objectives To analyze the impact of imports and exports on GDP of Pakistan. To investigate the impact of Stock exchange growth on GDP of Pakistan. 1.5 Rational of the study The study is based on the time series data from year 2001 to 2015. Data has been collected from authentic sources such as World Bank, world development index and Pakistan stock exchange. On the contrary the stock exchange performance was gathered from Pakistan stock exchange. Imports, exports and stock exchange performance will be used as independent variables and GDP will be used as dependent variable. In order to find the impact of imports, exports and stock exchange performance on GDP of Pakistan the research will use and Regression analysis. 1.6 Significance of the Study The study will be significant to the overall economic sector of Pakistan. Government can avail benefits from research findings in such a way that it can help the government while making their relevant policies for exportation and importation of goods. Furthermore, the government of Pakistan can see the fluctuations in the stock exchange growth over the years through which they can predict the stock exchange performance for years to come. All in all, the whole research will be beneficial to the relevant government sector if they want to increase the economic performance of our country. CHAPTER NO 2 LITERATURE REVIEW Following section contains viewpoints of various authors around the world and from Pakistan with respect to imports/exports and stock exchange growth on GDP of Pakistan. Literature review is an essential part of any research reason being it gives us the direct and indirect perspectives and establish a ground on which current research is taken place. It is inappropriate to conduct a new research before reviewing past research related to the topic on which we are going to conduct research. 2.1 Literature Review The empirical literature on export, import and economic growth nexus are distinguished between two stands in the methodological point of view. The à ¯Ã‚ ¬Ã‚ rst stand uses the cross-country approach in order to test the economic theory about export and economic growth nexus by using rank correlation approach, OLS method, 2SLS and random effect estimation method. These studies are supported for a positive relationship between export and economic growth McNab and Moore, (1998). The second stand uses the time series techniques. In the beginning of time series literature on export, import and growth nexus, the researchers have widely used causality methods to find out the results. Ahmad and Harnhirun, (1995) employed cointegration and error-correction modeling approach in case of à ¯Ã‚ ¬Ã‚ ve Asian countries, i.e. Indonesia, Malaysia, Philippines, Singapore and Thailand, annual data of 1966-1990 are employed. They found out bidirectional causal relationship between export and economic growth. In case of China, Shan and Sun, (1998) investigated the ELG hypothesis by using the monthly data 1987-1996. They found bidirectional relationship between export and economic growth. Lie et al. (1997) examined the long-run relationship between trade openness (exports plus imports) by using the quarterly data from 1983 to 1995. They found bidirectional relationship between trade openness and economic growth and suggested higher degree of trade openness associated with the higher level of economic growth. Narayan and Smyth, (2004) used Cointegration and error-correction method in order to check the link between real export, human capital accumulation and economic growth. They found long-run relationship only when real export is the dependent variable. Mah, (2005) the ELG is tested using the ARDL model. The results are in favor of a long-run bidirectional relationship between real GDP and export growth. Conversely, Tang (2006) reviewed the ELG hypothesis in China with import as an additional variable in the model. He used two Cointegration methods, i.e. ARDL approach to Cointegration, and JJ cointegration methods. The results of two approaches indicate no cointegration between export, import and real GDP. Herrerias and Orts, (2009) examined the relationship between the import, investment, output and productivity by using the data 1964-2004. They concluded in the long run both import and investment have promoted output and labor productivity but on the other hand neither investment causes import nor import causes investment. Muhammad Adnan Hye, (2012) conducted a research in China the purpose of this paper is to investigate the export-led growth, growth-led export, import-led growth, growth-led import and foreign deà ¯Ã‚ ¬Ã‚ cit sustainability hypothesis in the case of China, using annual time series data from 1978-2009. The results conà ¯Ã‚ ¬Ã‚ rm the bidirectional long run relationship between the economic growth and exports, economic growth and imports, and exports and imports. These à ¯Ã‚ ¬Ã‚ ndings guided the authors to conclude that the exports-led growth, growth-led exports, imports-led growth and growth-led imports hypothesis is valid, and foreign deà ¯Ã‚ ¬Ã‚ cit is sustainable for China. The long run elasticities are the elasticity of economic growth with respect to exports is 0.591, and elasticity of exports with respect to economic growth is 1.635. The elasticity of economic growth with respect to imports is 0.621, and elasticity of imports with respect to economic growth is 1.392. Fur thermore, the elasticity of exports with respect to imports is 1.322, and imports elasticity with respect to exports is 0.975. Using time-series and panel data from 1986 to 2004, Hsiao Hsiao, (2006) examines the Granger causality relations between GDP, exports, and FDI among China, Korea, Taiwan, Hong Kong, Singapore, Malaysia, Philippines, and Thailand, the eight rapidly developing East and Southeast Asian economies. After reviewing the current literature and testing the properties of individual time-series data, we estimate the VAR of the three variables to à ¯Ã‚ ¬Ã‚ nd various Granger causal relations for each of the eight economies. We found each country has different causality relations and does not yield general rules. We then construct the panel data of the three variables for the eight economies as a group and then use the à ¯Ã‚ ¬Ã‚ xed effects and random effects approaches to estimate the panel data VAR equations for Granger causality tests. The panel data causality results reveal that FDI has unidirectional effects on GDP directly and also indirectly through exports, and there also exists bidi rectional causality between exports and GDP for the group. Our results indicate that the panel data causality analysis has superior results over the time-series causality analysis. Wacziarg (2001) analyzed the association between trade policy and economic growth by taking 57 countries over the period 1970-1989 by employing fully specified empirical model. He constructed openness index with the help of three trade policy variables, tariff barrier, non-tariff barriers and a dummy variable of liberalization. The results concluded that trade openness affects growth mainly by raising the ratio of domestic investment to GDP and by FDI. Nath and Mamun (2006) investigated the causality between trade, investment and growth through Vector Auto regression (VAR) framework for the period 1971-2000 in Bangladesh. They presented that trade openness has promoted investment in Bangladesh. Although study suggested that growth causes trade but this study found little evidenced that trade affecting economic growth in Bangladesh. By employing ARDL Approach to Co-integration on two Asian countries, India and Korea, Sarkar (2005) has found no meaningful relationship between the per capita real GDP and trade openness. Although India and Korea, opened trade and shares of trade in their GDPs also rose significantly. But none of the countries experienced a positive long-term relationship between opening up and economic growth. Parikh and Stirbu (2004) used fixed effects, random effects, OLS and SURE models for panel of 42 developing countries i.e. Asia, Africa and Latin America over the period 1970-1999. They analyzed the relationship between liberalization, growth and trade balance or current account. Their results concluded that liberalization contributes significantly to economic growth, openness and investment rates. The studies dealing with the causal relationship between stock market and macro variables focus on the relationship of stock prices with consumption expenditures, investment spending, and economic activity. In these studies, the economic activity is generally measured by Gross Domestic Product. (A) Stock Prices and Consumption Expenditures The relationship between stock prices and consumption expenditures is based on the life cycle theory, developed by Ando and Modigliani (1963), which states that individuals base their consumption decision on their expected lifetime wealth. Part of their wealth may be held in the form of stocks linking stock price changes to changes in consumption expenditure. Thus, an increase in stock prices will increase the expected wealth, which, in turn, will increase the consumption expenditures, suggesting the direction of causality from stock prices to consumption expenditures. On the other hand, an increase in consumption expenditures may result in an increase in the corporate sectors earnings, which will result in higher stock prices, implying causality from consumption expenditures to stock prices. (B) Stock Prices and Investment Spending The relationship between stock prices and investment spending is based on the q theory of Tobin (1969), where q is the ratio of total market value of firms to the replacement cost of their existing capital stock at current prices. According to the theory, the firms would increase their capital stocks if q is greater than one, implying that the market value of firms is expected to rise by more than the cost of additional physical capital. Thus an increase in stock prices will result in an increase in the market value of firms, implying that firms would increase their capital stocks reflecting an increase in investment spending. Another link, though less direct, between stock prices and investment spending is based on the neoclassical or cost-of-capital model. The model assumes that firms first determine the desired stock of real capital on the basis of prices of labor, capital, and expected sales and then determine the rate of investment depending on how fast they wish to reach the desired capital stock in the face of significant adjustment cost. Thus, the expected changes in sales and planned output are the major factors affecting investments. However, as noted by Bosworth (1975), if higher earnings are implied by higher expected output that increases stock prices, then the market valuation model implicitly accounts for the effect of expected output. (C) Stock Prices and Economic Activity Finally, the relationship between stock prices and economic activity is investigated to examine the role of stock market, that is, whether it leads or lags economic activity. Moreover, the relationship of stock prices with the components of aggregate demand, consumption, and investment sometimes provide conflicting results, causing an ambiguity concerning the direction of causality between stock price changes and macro variables. As mentioned above, the economic activity is generally measured by GDP and/or IIP. In addition to above in any study of the aggregate economy, one of the key elements is the aggregate amount of goods and services produced over a certain period of time. The measure is called the nominal gross domestic product (the GDP). This is the market value of the total quantity of final goods and services produced over the specified time period. The GDP is actually measured quarterly, but the number is then multiplied by four, so that the amount is in annual terms Mankiw, (2011). The components of this measure of GDP are Consumption(C), Investment (I), Government Expenditure (G) and Net Exports (NX). Net exports represents the money value of domestically produced goods that are sold outside the country (i.e., our exports) minus the purchase of goods and services produced in other countries (i.e., our imports). Our exports are part of our domestic production, so obviously must be included. Our imports are subtracted here, because they are goods and services produced by foreign countries, but they have already been included in our consumption, investment and government expenditures. If imports increase, but all other parts of the GDP remain the same, the GDP will not change, because the imports are first included in the calculation of C + I + G, and then they are subtracted out. Thus, Y = C + I + G + NX. A large number of studies tested the Export Led Growth (ELG) hypothesis, using different econometric procedures, ranging from simple OLS to multivariate co-integration, but previous empirical studies have produced mixed and conflicting results on the nature and direction of the causal relationship between export growth and output growth. Ghatak and Price (1997) test the ELG hypothesis for India for the period 1960-1992, using exports as regressors and measure of GDP that nets out exports, along with exports and imports as additional variables. Their Cointegration tests confirm the long-run nature of this relationship. However, imports do not appear to be important for the case of India. Asafu-Adjaye et al. (1999) consider three variables: exports, real output and imports (for the period 1960-1994). They do not find any evidence of the existence of a causal relationship between these variables for the case of India and no support for the ELG hypothesis, which is not too surprising given Indias economic history and trade policies. Ramos (2001) investigates the Granger-causality between exports, imports, and economic growth in Portugal over the period 1865-1998. His empirical results do not confirm a unidirectional causality between the variables considered. There is a feedback effect between exports output growth and imports output growth. Nidugala (2001) finds evidence in support of the ELG hypothesis for the case of India, particularly in the 1980s. He finds that export growth had a significant impact on GDP growth. Further, his study reveals that growth of manufactured exports had a significant positive relationship with GDP growth, while the growth of primary exports had no such influence. Studies related to Pakistan Mukhtar, Rasheed, (2010) empirically examines the long run relationship between exports and imports for Pakistan using quarterly data for the period 1972-2006. The econometric framework used for analysis is the Johansen Maximum Likelihood Cointegration technique, which tests both the existence and the number of Cointegration vectors. Results show that there is a long run relationship between exports and imports and the country is not in violation of its international budget constraint. Furthermore, for testing the stability of long run equilibrium relationship and direction of causality, vector error correction model (VECM) technique has been applied. The findings confirm the stability of the long run equilibrium relationship between exports and imports. Under Granger causality tests, it has been found that there exists bidirectional causality between exports and imports. Ullah and Asif (2009) investigated export-led-growth by time series econometric techniques (Unit root test, Co-integration and Granger causality through Vector Error Correction Model) over the period of 1970 to 2008 for Pakistan. In this paper, the results reveal that export expansion leads to economic growth. They also checked whether there is unidirectional or bidirectional causality between economic growth, real exports, real imports, real gross fixed capital formation and real per capita income. The traditional Granger causality test suggests that there is unidirectional causality between economic growth, exports and imports. On the other hand, Granger causality through vector error correction was checked with the help of F-value of the model and t-value of the error correction term, which partially reconciles the traditional Granger causality test. After going through viewpoints of different authors it is evident that imports, exports relationship with economic development has been explained in Pakistan scenario and all over the world. However, the variables such as imports, exports and stock exchange performance are not being analyzed with respect to GDP specifically in Pakistan scenario which is the gap of the study. 2.2 Theoretical Framework Independent Variables Dependent Variables Reference: Mukhtar, T., Rasheed, S. (2010). Testing long run relationship between exports and imports: Evidence from Pakistan. Journal of Economic Cooperation and Development, 31(1), 41-58. 2.2.1 Operationalization of Variables Imports and Exports are measured as merchandise imports and exports (US $) and GDP is measured as per capita growth in percentage form Whereas, stock exchange performance is measured by market capitalization of all domestic companies registered on Pakistan stock exchange formally known as Karachi stock exchange. 2.3 Hypothesis H1:Imports, Exports and Stock exchange performance has a significant impact on Gross domestic product of Pakistan. H2: Imports, Exports and Stock exchange performance have no significant impact on Gross domestic product of Pakistan. CHAPTER NO 3 RESEARCH METHODOLOGY 3.1 Sample The sample size for this research consists of time series data of 15 years starting from 2001 to 2015. Data has been collected from authentic sources such as World Bank, world development index and Pakistan stock exchange. The research is secondary in nature because market research thats already compiled and organized for us are the examples of secondary information that includes reports and studies by government agencies, trade associations or other businesses within our industry. 3.2 Instrument and Measures Regression analysis, Anova and Coefficients of regression were the instruments that were used to measure the impact of exports, imports and stock exchange performance on Gross domestic performance of Pakistan. Furthermore, to check the validity and appropriateness of data reliability analysis was done for dependent and independent variables. 3.3 Procedure Statistical package for social sciences program SPSS version 20 was used to analyze the dependent and independent variables to see out the impact of exports, imports and stock exchange performance on GDP of Pakistan. CHAPTER NO 4 RESULTS AND DISCUSSIONS 4.1 Regression Analysis Table 4.1.1 Model Summary Model Summary Model R R Square Adjusted R Square Std. Error of the Estimate 1 .830a .689 .681 1.72691 a. Predictors: (Constant), SE_Per, Exports, Imports Interpretation The proportion of variation in dependent variable as a result of the independent variable is given by R square. Estimated 68% variation was found out in dependent variable as a result of the independent variable. Following the adjustments made the data related to variation in dependent elements due to the independent ones is represented by R square. Table 4.1.2 ANOVAa Model Sum of Squares Df Mean Square F Sig. 1 Regression 55.198 3 27.599 91.914 .000 Residual 24.962 11 2.982 Total 80.160 14 a. Dependent Variable: GDP b. Predictors: (Constant), SE_Per, Exports, Imports Interpretation A perfect fit of the model is indicated by the ANOVA table. Furthermore, the p value of 0.000 indicates a perfect position regarding the independent and dependent variables. Table 4.1.3 Coefficients Coefficientsa Model Unstandardized Coefficients Standardized Coefficients t Sig. B Std. Error Beta 1 (Constant) -.082 .220 -.876 .400 Exports .437 .073 .506 5.972 .018 Imports -.472 .103 -.390 -4.598 .027 SE_Per .094 .043 .762 2.213 .023 a. Dependent Variable: GDP Interpretation The coefficient stresses the influence of the independent variable on the dependent one. The direction in which the dependent variable is led towards by the independent one is ascertained from the Beta value. The p value is significant at less than 0.05. In our scenario all the variables that are exports, imports and stock exchange performance are significantly impacted the dependent variable that is Gross Domestic Product (GDP). But, the noteworthy thing in the results is that exports and stock exchange performance is positively impacted the GDP whereas, imports are negatively impacting the GDP of Pakistan but it is statistically significant. Hence our Hypothesis (H1) is accepted whereas H2 is rejected. CHAPTER NO 5 CONCLUSION AND RECOMMENDATIONS 5.1 Conclusion After above empirical results it has been proved that all the independent variables that are exports, imports and stock exchange performance are significantly impacted the dependent variable that is Gross Domestic Product (GDP). Hence our Hypothesis (H1) is accepted whereas H2 is rejected. In addition to our results previous studies conducted in Pakistan and outside Pakistan found out similar results such as Ullah and Asif, (2009) investigated export-led-growth by time series econometric techniques over the period of 1970 to 2008 for Pakistan. Their results reveal that export expansion leads to economic growth. However, outside Pakistan in case of our neighbor country India Asafu-Adjaye et al. (1999) consider three variables: exports, real output and imports (for the period 1960-1994). They do not find any evidence of the existence of a causal relationship between these variables for the case of India. 5.2 Recommendations Government should take strong measures to increase exports and decrease our imports. Interest free loan should be provided to the minor scale organizations to make rise in their productivity. Taxes should be cuts for the exporter country and taxes should be improved for importer companies to decrease the import. If we want to make a rapid growth in Pakistan economy, then it is necessary to reduce its imports and increase in exports. But in Pakistan the situation is reversed. The relationship between exports and economic growth is positively correlated but the relationship of imports and economic growth is negatively interrelated. If net exports are of positive value, the nation has a positive balance of trade. If they are having negative value, the nation has a negative trade balance. Lastly, our government should ensure political stability in our country as we see that whenever there is a political chaos in our country the stock market goes down and vice versa which is severely hurting Pakistans economy.

Criminal Justice vs. Community Justice Essay -- Crime Papers

Criminal Justice vs. Community Justice Crime is defined as an act or omission that the law makes punishable. There are different ways in dealing with crime. One, our current system, is the criminal justice approach. Also known as retributive justice, this system is more offender directed than anything else. The other system, which many people think is better, is the community justice, or restorative approach. The restorative approach is much more victim oriented. There is a debate over which system should be used to deal with crime. The two differ in many ways. One of the areas in which the two differ is the question of whom is the crime a violation of? The criminal justice system believes that crimes are a violation against the state and are punished by the state. On the other hand, the community justice system says that crimes are a violation of the offender, and the community directly affected by it. The focus of criminal justice is retribution. It is focused on the offender and punishing that person for their crime by imprisonment and other punishments. The community justice system is focused on restoration. Community Justice looks to help the victim deal with the violation and try to get back whatever, if any, possessions were lost in the crime. The proceedings, in which a resolution is made, are entirely different between the two. At a criminal justice proceeding, the case is tried by a state prosecutor, in front of a judge and decided by a jury. Other than testifying and possibly a victim impact statement, the victim does not have much say in the case. But in a community justice proceeding it is quite the opposite. All parties involved (which include the offender, the victim, both families, any other p... ... community. Church support groups help offenders who are trying to change there life patterns. One of the major advantages of these programs is that offenders leave the corrections system with greater skills than when they entered into it. As, for being more victim oriented, victims have the chance to shape the obligations the offender has to repair the harm. Also, with the many programs for the victim, including the mediation and government support for victims, they do not feel left out of what goes on after the crime. An argument could last forever on which system is better and why. A better way to look at dealing with crime is to look at it not as this system versus that one , but how can we join the two for a better system. Each has attributes that are necessary , and combining them together would be a good start on the question of how to deal with crime.

“I know why the caged bird sings” Essay

After a childhood full of cruelties, disappointments, and being raped at the hands of her mother’s boyfriend, Maya Angelou survived and became the most important civil, human, and Women’s Rights Activist. After her rape she was silent for 5 years, and only through the encouragement of her grandmother did she start to write and act. Her writings won her world acclaim and she was nominated for the National Book Award, a Tony Award and a Pulitzer Prize. She is indisputably one of the most influential women in history. Her poem â€Å"I know why the caged bird sings† shows her grace and skill as a poet, and a humanitarian. â€Å"I know why the caged bird sings† is a six stanza poem. The poem has a very traditional structure. The first two stanzas are triplets, followed by a quatrain, then another triplet, and ends with a quatrain. It has a very simple but effective rhyme scheme. The triplet stanza has a AAB rhyme, and the quatrain stanzas have a AAAB rhyme. This poem is lyrical and intense. The themes presented in this poem are of a freedom and â€Å"triumph over adversity (Arensberg 273)†. In stanza one Angelou describes how birds in the wild have unbound freedom. She writes â€Å"leaps on the back of the wind†¦ dips his wings in the orange sunrays, (lines 1-3)† about the free birds activities. Her words affect the senses, and the reader feels the freedom the birds experience in flight. She brings nature and the outdoor elements to life and the audience is right there at play with the birds. Freedom abounds! In stark contrast, the next stanza snaps the reader back from their dreamlike state. There are a series of very strong words that create a feeling of depression, and claustrophobia. Angelou explains the life of a caged bird. â€Å"narrow cage, bars of rage, and wings clipped. (lines 3-6)† These phrases create a sense of dread and imprisonment. This evokes sympathy for the bird, and thoughts about if we were also imprisoned (Arensberg 280). The reader begins to think what is life unfair and, why that bird? and further, why me? â€Å"But a caged bird stands on the grave of dreams, (line 14)† the poem continues and yet the bird still sings. Angelou comments â€Å" The caged bird still sings with a fearful trill of things unknown but longed for still (lines 17-18)† about the bird who displays the only freedom he has at present, his voice. Pierre Walker, in his 1995 article, comments â€Å"that the bird still dreams,â€Å" and he has the determination to overcome and make the best of his situation. There is a single focus for Angelou use of alliteration in this poem. She uses the â€Å"s† sound over and over again – â€Å"his shadow shouts on a nightmare scream† (line 15). The â€Å"s† sound creates the feeling of wind, the whispering of tree leaves, the bird is scared but he sings because he can. He cannot fight his nature. He will find freedom anyway he can, and for that bird it is his singing. The use of the rhyme scheme in the quatrain portion of the poem is AAAB. The inflexibility of the first three lines in stanza 3 â€Å"thrill†¦hill†¦shrill† create the perfect path to the true theme of this poem. When the reader expects another word to rhyme it doesn’t, and the quatrain ends with â€Å"freedom. † The same is true for the last stanza, which is a repeat of the first. Liliane Arensberg explains that the rhyme reminds the reader that â€Å"there is always hope, there is always the will to survive and the promise at the end of the tunnel of light (Arensberg 289)† – of freedom. â€Å"I know why the cage bird sings† by Maya Angelou is a very popular poem. Many people find inspiration in her words, and find solace in the hope and determination that bird has. If he can sing, so can the reader. If he can survive so can you. We cannot always choose our lot in life, but we can make the best of it. We can reflect, find out talents, and give those to the world. Maya Angelou presents a very important message to the reader in the form of a very lyrical almost song like poem by using strong imagery of a bird and it’s cage, the pursuit of freedom as a theme, a strong rhyme scheme, and alliteration. Angelou skill as an author cannot easily be missed and neither can her message that we must overcome misfortune and strife to become what we were always meant to be. Works Cited Angelou, Maya. The Complete Collected Poems of Maya Angelou. 1st ed. New York: Random House, 1994. 101. Arensberg, Liliane K. â€Å"Death as Metaphor of Self in I Know Why the Caged Bird Sings. † College Language Association Journal 20 (1976): 273-91. Walker, Pierre A. â€Å"Racial protest, identity, words and form in Maya Angelou’s ‘I Know Why the Caged Bird Sings. ‘. † College Literature 1 Oct 1995. 23 Nov 2005 .

Choosing The Joey s History, One Of The Possible...

Considering the Joey’s history, one of the possible diagnoses is ADHD for Joey. Joey’s hyperactive and inattentive behavioral pattern impairs his social and academic activities. However, Joey’s presenting symptoms do not meet full ADHD criteria. Based on the current version of the Diagnostic and Statistical Manual of Mental Disorders (5th ed.; DSM-5; American Psychiatric Association, 2012), he meets following criteria of ADHD. 1-Inattention (Six or more symptoms have to be met, bur Joey meets following two symptoms out of nine) †¢ Often has difficulty organizing task and activities. (Joey is often described as â€Å"off task† and having difficulty returning to school prepared with his materials, and turning his work in the right places.) †¢ Often avoids, dislikes, or is reluctant to engage in task that require sustained mental effort. (Joey would refuse to school work when he was in kindergarten) Hyperactivity and impulsivity (Six or more symptoms have to be met; Joey meets four symptoms out of nine) †¢ Often runs about or climbs in situation where it is inappropriate †¢ Often unable to play or engage in leisure activities quietly †¢ Often ‘on the go’ acting as if ‘driven by a motor †¢ Often talks excessively ADHD was ruled out due to the fact that Joey’s symptoms do not meet the full criteria of ADHD, but if he had not presented ASD symptoms, he might have been diagnosed with other specified attention-deficit hyperactivity disorder or unspecified attention-deficit hyperactive

Describe And Evaluate Psychological Research Into Obedience

Describe evaluate psychological research into obedience Obedience is a compliance with an order, request, or law or submission to another’s authority (Oxforddictionaries, n.d). Stanley Milgram was an American social psychologist, known for his experiment on obedience. This was taken place in the 1960’s while he was completing his professorship at Yale University (wikipedia.org, 2015). Milgram’s (1963) study of obedience was a laboratory study to investigate how far people will go in obeying authority. The experiment took place at Yale University; this was a year after the trial of Adolf Eichmann. Milgram invented the experiment to find out,Could it be that Eichmann and his million accomplices in the Holocaust were just following orders? Could we call them all accomplices? (Milgram, 1974). The experiment involved 40 males aged between 20 and 50 from a range of background’s i.e. Construction workers to Doctors. All participants were from the New Haven area in the United States of America. The subjects had all applied to be involved in the study through a local newspaper advertisement and were paid $4.50(Grahame, 2009). Through a fixed lottery, the subjects were given a role of a teacher and their co-subject, who was an actor, would be the learner. The participants were unaware the roles were fixed until debriefing. The teacher was guided by the experimenter to give the learner a shock each time he answered a question wrong. The teacher was given a sample of a 45Show MoreRelatedDescribe and Evaluate Psychological Research Into Obedience1758 Words   |  8 PagesObedience results from pressure to comply with authority. Children are taught to obey from an early age by their care givers, in order for them to conform in society. The authoritarian rule continues through their education and working life, and is then passed on to the next generation. This essay will focus on the work of the American psychologist Stanley Milgram. It will also look at other studies into obedience that evolved from Milgram’s experiments from the early 1960s. Stanley Milgram isRead MoreAnalysis Of Stanley Milgram s Perils Of Disobedience 1372 Words   |  6 PagesIn Stanley Milgram’s essay, â€Å"Perils of Disobedience†, an experiment was conducted to test an individual’s obedience from authority when conflicting with morally incorrect orders. Following the conclusion of World War Two, Milgram’s essay was published in Harper’s Magazine, which appeals to a national audience and yields an array of content from different contextual backgrounds. As Milgram reports the results of his experiment, he provides descriptive details of many of the subjects and their behaviorsRead MoreHuman Development And Family Relations1556 Words   |  7 Pagesand explain thoughts, emotions and behaviors. 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Alcohol Is The Drug Of Choice Among Youth - 1692 Words

Can a person be too young to become addicted to alcohol and drugs? Or why is age of first use of alcohol is critically important? There are many questions raised on consumption of alcohol when it comes on drinking at early age. Alcohol often has a strong effect on people and throughout history, we have struggled to understand and manage the power of alcohol. However, we hardly think how much alcohol is too much for us, unless we get into any kind of trouble or shows some physical or mental effects on our health. People usually consume alcohol to celebrate, relax and socialize. It is also use as the celebrating drink during any functions or occasions. Drinking patterns often differ when it comes to students drinking on campus. Alcohol s effects may vary from person to person, depending on many factors as, how much or how often you drink? , or what age or in which health status you are drinking? Most probably, alcohol is the drug of choice among youth. 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International HRM for Intercultural Communication- myassignmenthelp

Question: Discuss about theInternational HRM for Intercultural Communication Studies. Answer: The primary aim of this paper is to provide a brief overview about the culture shock. The paper explains how culture shock influences profitability and image of the company. Telstra has been chosen in the task which is one of biggest telecommunication corporation which renders internet and media services to its customers across the world. In todays era, the firm is maximizing its revenue and returns effectively. On the other hand, the paper explains that how Telstra manages and controls the culture shock in foreign country. Culture may be defined as the sum total of the beliefs, rules, institutions, techniques artifacts which are characterized by the human populations. Culture plays a significant role in each and every organization. On the other hand, cultural shock is the feeling of insecurity, disorientation and even anxiety that results from being constantly in a new and experiencing an unfamiliar culture (Rubera Kirca, 2012). Changes in technology, language differences, and changes in routine and evaluative and emotional disorientation are the main causes of cultural shock. Cultural shock affects image and financial position of the firm adversely. To gain success and growth in the competitive environment, the firm needs to focus different cultural environment. Furthermore, culture shock may arise from a persons unfamiliarity with local customs, acceptable behavior and languages in the firm (Wang, Su Yang, 2011). Lets talk about an organizational example; Telstra is a dynamic example which manages culture shock effectively and efficiently. Telstra is an Australian telecommunications and media corporation which provides market voice, internet access, networks and mobile services to the customers across the world (Telstra, 2018). The company was incorporated in 1st July 1975 with its headquarter is located in Melbourne, Australia. The firm provides around 17.6 million mobile services to its customers in the world. The main aim of the organization is to provide unique and effective telecommunication services to its customers in the market. Along with this, Telstra also wants to create a brilliant connected future for people (Telstra, 2018). Human resource management of Telstra is very effective and dynamic which helps to make unique strategies and policies for the firm. HRM is the backbone of the company to manage the business activities and operations quickly. Furthermore, HRM plays a crucial r ole in managing and controlling the employees effectively. In addition, various unique functions are performed by the HRM in the organization which helps to conduct companys business activities effectively. There are enormous issues which faced by the HR department of Telstra. Culture shock is one of biggest issues that are dealt by HRM within the organization. Culture shock affects the productivity and outcomes of the firm as it also increases absenteeism and employee turnover in the firm. Various policies and strategies are made by human resource department to manage and control culture shock that has been detailed below. Give them a buddy and mentor: A well educated and experienced buddy and mentor should be appointed by human resource management for new joinees. A buddy and mentor monitor and evaluate the performance and productivity of new applicants in the firm. Telstra is a multinational telecommunication and media company therefore skilled and experienced employees are needed in the organization. Mentor and buddy also provide training to new workers for doing task and duties efficiently. It will also help to minimize the cultural differences among the new workers. The mentor and buddy will help to workers to familiarize with current projects, coworkers, policies and office hangout places. Effective recruitment and selection process: It is one of the vital functions of HRM which is performed by HR executives and HR managers. Effective recruitment and selection process must be conducted by the HRM to recruit potential and skilled candidates in the marketplace. Potential and skilled workers can easily understand the culture of foreign country therefore, it will reduce culture shock (Reiche Harzing, 2011). Familiarize with office terms: Human resource department is significant department of Telstra which helps to make effective and unique policies, strategies and plans in the firm. Human resource management should use various policies and strategies to familiarize the office terms and rules with employees. It will help to create a good working environment in the workplace therefore, employees will start to do work effectively. Create a fun packet: A positive feeling on the first day will surely give a push to the new workers for a long term reciprocal relationship with the employees. HRM should assemble and accumulate a fun packet for employees; the fun packet includes coffee mugs, photo frames, artistic calendar, decorative plants and office stationary. In this way, Telstra can reduce and eliminate cross cultural differences within the organization. It is an effective way to overcome the competitors in the global market. Training and development programs: Training and development programs shall be conducted by HRM to identify and measure the causes of culture shock. Training and development programs help to identify and understand the languages, values, customs and beliefs of foreign countries. If Telstra provides training and development coaching to the expatriates then culture shock issues will not arise at the workplace. Along with this, induction programs are also held by human resource management in the firm to increase knowledge and experience of the workers. In this way, Telstra can overcome on the cross cultural issues in the workplace (Ko Yang, 2011). Keep a positive attitude: It is an effective way to cope with culture shock in the organization. If the firm starts its business operations and activities in foreign country, the employees keep positive attitudes towards foreign culture. It will help to analyze and measure the climate of foreign country. Before starting a new business in foreign country, the company evaluates and analyzes the climate and working environment of the foreign country. It will also help to make good and favorable working environment within the organization (Podsiadlowski, Grschke, Kogler, Springer Van Der Zee, 2013). Good relationship: The managers and leaders should build and develop reciprocal relationship with their coworkers and expatriates to minimize culture shock and to maintain favorable culture in the workplace. The managers should ask questions with workers related to working environment and culture (Lin, Chen Song, 2012). It will help to find barriers and hurdles which rise at the workplace. Effective and dynamic relationship will also enhance and increase confidence, morale and trust of the employees. Along with this, HRM should appoint a supervisor to provide support for the workers. All these policies are made by the HRM for the welfare of the workers. Furthermore, these practices and policies also help to overcome on the cross cultural issues in the organization (Bardhan Weaver, 2011). Along with this, Telstra uses hostede cross cultural dimension model to reduce and cope with the cross cultural issues. This model plays a vital role in cross cultural management (Shi Wang, 2011). On the above mentioned aforesaid events, it has been evaluated that culture shock is one of the significant issues in Telstra which could influence the success and growth of the firm. Therefore, the company needs to focus on the culture shock to maximize profitability and minimize risks and challenges of the foreign market. Effective and unique measures are taken by the human resource management to manage culture shock at the workplace. Along with this, HRM should make effective and dynamic plans, policies and strategies to handle the culture shock within the organization. References Bardhan, N., Weaver, C. K. (Eds.). (2011).Public relations in global cultural contexts: Multi-paradigmatic perspectives. Routledge. Ko, H. C., Yang, M. L. (2011). The effects of cross-cultural training on expatriate assignments.Intercultural Communication Studies,20(1). Lin, Y. C., Chen, A. S. Y., Song, Y. C. (2012). Does your intelligence help to survive in a foreign jungle? The effects of cultural intelligence and emotional intelligence on cross-cultural adjustment.International Journal of Intercultural Relations,36(4), 541-552. Podsiadlowski, A., Grschke, D., Kogler, M., Springer, C., Van Der Zee, K. (2013). Managing a culturally diverse workforce: Diversity perspectives in organizations.International Journal of Intercultural Relations,37(2), 159-175. Reiche, B. S., Harzing, A. W. (2011). International assignments.International human resource management,3, 185-226. Rubera, G., Kirca, A. H. (2012). Firm innovativeness and its performance outcomes: A meta-analytic review and theoretical integration.Journal of Marketing,76(3), 130-147. Shi, X., Wang, J. (2011). Interpreting hofstede model and globe model: which way to go for cross-cultural research?.International journal of business and management,6(5), 93. Telstra. (2018). Good value, great service [Online].Available at https://www.telstra.com.au/aboutus/our-company/supplying-to-telstra[Accessed as on 1st April 2018]. Telstra.(2018). Our company [Online]. Available at https://www.telstra.com.au/aboutus/our-company/supplying-to-telstra [Accessed as on 1st April 2018]. Wang, D., Su, Z., Yang, D. (2011). Organizational culture and knowledge creation capability.Journal of knowledge management,15(3), 363-373.