Impact of Foreign Banks on Banking in Emerging Economies Essay Example for Free

Impact of Foreign Banks on Banking in Emerging Economies Essay Increased technology and innovation International banking in emerging–market have some advantages from the technology and innovation. The advanced technology and innovation system could even surpass the conventional technology and innovation. For example, they could improve productivity, increase in market and increase the competition and so on . Innovations in customer experience and superior customer service delivery, network integration. (Infosys 2000). For example, the internet and computer system have a useful communication system to connect the consumer and bank. In daily life, customer often use the mobile phone, computer transfer the money. At the same time, innovation and technology is a lower cost of the banking system in the emerging market. The increased technology and innovation in emerging market may help the banking system make a clear communication for their employee, shareholder and consumer. As a result, banks in emerging markets are leapfrogging their rich-world rivals in efficiency, technology and innovation (special report international banking 2011). Increased liquidity and solvency Comparing with the local banking system, the foreign banks on banking in emerging market have different kind of comparative advantage. The reason is emerging market allow foreign bank entry to local market. This is lead to the higher liquidity and solvency. Foreign direct investment is a useful fund source for local market. At the same time, the foreign banks also have important roles which represent a borrower. For example, foreign banks have an enough capital base and asset. Foreign banks have played a major role in financing emerging market (EMEs) in recent year. Increased liquidity and solvency has helped emerging markets to develop their economies and allocate capital and financial know-how efficiently across countries (Agustà ­n Villar ) Disadvantage Complex global policies and challenges international banking There are some negative factors occur in global banks in emerging economies. One of the important factors is complex global policies. For example, the foreign banks are an extension of parent bank which sent to managers to overseas. Different banking system has different policies. Meanwhile, the government also comes up with stricter policies. As a result, foreign banks should face a lot of complicated policies in emerging market. The collapse of Barings was a demonstration of how different countries supervisors are failing to communicate with each other.( the economist 1997). This opinion shows that the international banking in emerging market should have a closer supervisor.

Radhakrishnans Thought and Existentialism :: Philosophy Philosophical Papers

Radhakrishnan's Thought and Existentialism ABSTRACT: I attempt to show the similarities between the viewpoints of Radhakrishnan and the existentialist thinkers. The philosophy of Radhakrishnan is an attempt to reinterpret and reconstruct the Advaita Vedanta of Sankara in the light of scientific knowledge and techniques of modern time. Existentialism is an attitude and outlook that emphasizes human existence. For Radhakrishnan, the human is essentially subject, not object. The existentialists assert that the human is not an object to be known, but a subject. Both Radhakrishnan and the existentialists emphasize the immense potential and present day condition of humanity. Radhakrishnan acknowledges the reality of suffering and misery of worldly existence. The existentialists maintain that there are antinomies, contradictions and distress at the root of existence. Radhakrishnan is concerned with liberation as a state of freedom. Freedom is the central concept around which the existential enquiry revolves. Though Radhakrishnan has certain affinities with existentialism, he regards it as a stage in the human's pilgrimage through life. The philosophy of Radhakrishnan is an attempt to reinterpret and reconstruct the Advaita Vedanta of Sankara in the light of scientific knowledge and technique of modern time. The philosophy of Advaita follows the basic tenets of the Upanishadic philosophy. Radhakrishnan does not propound any system of philosophy. He is bound to tradition like his contemporaries. But, his philosophy is distinct from others by some of its peculiar features. It is based on his own experiences and reflections. Existentialism is an attitude and outlook that emphasizes human existence. 'Existence precedes essence'-this is the maxim of existentialism. Existentialism deals with the problems the individual has to face in life, with the ways how he faces them, with his feelings and emotions and above all, with his outlook on life and experience. It recognises freedom and responsibility of the individual man. Soren Kirkegaard is regarded as the father of 'Existentialism'. He starts discussion on it. It is further developed in the hands of subsequent thinkers like Karl Jaspers, Gabriel Marcel, Martin Heidegger and Jean Paul Sartre. It must be admitted that there are divergent interests and points of view within existentialism. There are certain affinities between the viewpoints of Rahdakrishnan and the existentialist thinkers. Indian thought, in general; investigates into the self. Radhakrishnan also maintains that "In India, 'Atmanam Viddhi,' know the self, sums up the law and the prophets." (1) We do hear in this 'Atmanam Viddhi' the voice of existentialism. The two great propositions of the Upanishads are ' Tattvamasi' (Thou art that) and 'Aham Brahmasmi' (I am Brahman).

Oliver Twist Essay

Dickens never stops criticising the workhouse and the way they treated orphans in the first chapter. The first chapter closes with ‘Oliver cried lustily. If he could have known that he was an orphan, left to the tender mercies of church wardens and overseers, perhaps he would cried the louder. ‘ This last statement leaves us feeling sympathetic towards Oliver. Oliver after eight to ten months was sent off to a baby farm. This is yet another aspect of society, which was not a pleasant experience, another institution where children were malnourished and brought up by hand, similar to the parish workhouse but the actual purpose of the baby farm, was different. ‘Where twenty or thirty other juvenile offenders against the poor-laws rolled about the floor all day, without the inconvenience of to much food or clothing,’ When Dickens says that the children are offenders against the poor laws he is was once again using sarcasm. He uses sarcasm here to make the children sound like criminals which is what the higher class people saw the children as, as they have no parents and no money. Under the parental superintendence of an elderly woman implies that the children are neglected and left to his of her own company with no particular care or affection. However it was very unlikely that a woman of Mrs Mann’s age, the elderly woman watching over the children, was going to actually give the children what money they were given. Mrs Mann never gave the children all the money they were given to be able to lead a health life. She only gave the children enough money to buy what she thought was a suitable diet. She deprives the children of their rights and uses the money for her own luxuries. It was of no surprise that this system of farming would leave no child fit and healthy, and Dickens outlines this by Oliver’s physical appearance. ‘Oliver Twists ninth birthday found him a pale thin child, somewhat diminutive in stature and decidedly small in circumference. ‘ Nourishment wasn’t the only thing that Mrs Mann’s system lacked. Responsibility and awareness wasn’t some of her strongest qualities along with many of the other women who worked in baby farms in Dickens day. Many deaths occurred in farms and they were down to sheer carelessness. ‘It did perversely happen in eight and a half cases out of ten, either that sickened from want and cold, or fell into the fire from neglect, or got half smothered by accident; in any one of which cases, the miserable little being was usually summoned into another world, and there gathered to the fathers it had never known in this. ‘ There were an unusual high number of suspicious deaths in the baby farms. However Mr Bumble and the board regularly covered for up these deaths to keep the Parish Officials in the dark to what really went on. Mrs Mann said she gave the children gin when they were ill so they didn’t moan from the pain and disturb her peace. ‘Why, its what I’m obliged to keep a little in the house, to put into the blessed infants’ Daffy, when they aint well, Mr Bumble’ At least this is what she says, I personally think that she kept the gin in the house so when the children were ill and were crying with pain she could drink the gin and drown out the noise the children made. Oliver stayed with Mrs Mann until he was nine years old. After Mr Bumble had arrived Oliver was already upstairs being washed and made presentable enough and then brought down to the Beadle. ‘Having by this time as much of the outer coat of dirt, which encrusted his face and hands, removed, as could be scrubbed off in one washing was led into the room by his benevolent protectress. ‘ Notice in the quotation how Oliver was led this further demonstrates that Oliver is a passive character. He does not lead himself but is led by others. This consistently proceeds to happen throughout the novel as he led by Mr Bumble and many other characters of the story. Oliver is always referred to as being little, small, poor little Oliver Twist. This is to try and gain the readers sympathy. In the 1830’s, Victorian times, the Victorians would engross themselves in stories and novels which involved sad and sympathetic characters. They enjoyed reading ‘tear jerking’ novels and Dickens tries to capture and involve the reader in the novel by always referring Oliver as small, little and poor. Oliver was now nine years old and was scheduled to stand before the board, which was made up of eight to ten men. They were going to decide where to send Oliver as he was too old to still live in the farm with Mrs Mann. The board were stern and strict. One of the men in a white waistcoat called Oliver a fool. ‘Which was a capital way raising his spirits and putting him quite at ease’ Dickens here is being facetious in the way that the man which called Oliver a fool did not help him relax in front of the board. The board started interrogating little Oliver asking him questions to what he did not know the answers. They asked if he was aware he was an orphan, if he prayed at night for those who fed him and cared for him and yet he did not know what praying was. He had not been educated in such things by anyone and by which means was he suppose to know he had to. The board told Oliver that he was to learn a new and useful trade. This was to pick oakum. ‘So you’ll begin to pick oakum tomorrow morning at six o’clock’ added the surely one in the white waistcoat’ Oliver was not involved in the decisions made only told and this was no way to treat someone, especially not a child just because he was an orphan. ‘The members of the board were very sage, deep, philosophical man, and when they came to turn their attention to the workhouse, they found out at once, what ordinary folks would never have discovered – the poor people liked it’ Once again Dickens uses sarcasm and irony to mock the board and criticise their intelligence. Rules and regulations were put into order, to try and make the workhouses run smoothly. Separating the men and women and children, having routines for breakfast, dinner, tea and super. Having small meals of thin gruel that barely filled an inch of the workers stomach; and yet the board thought this was decent of them, decent of them to have given the poor an option to starve slowly and painfully or to starve them quickly. Oliver throughout the novel is a passive character, at this point in the novel Oliver acts for the first time. After a little encouragement from his friends sat having the little bit of gruel for dinner he gets up and asks the master for some more. ‘Please, sir, I want some more. ‘ Now the master was a fat and healthy man. Oliver in the novel is always seen alongside with fat, well fed, healthy men and women. This produces a lot of imagery for the reader. Oliver is continually described as little, thin, small and we because Dickens always puts Oliver alongside people in a contrasting body appearance it makes the audience feel even more sympathy towards Oliver because Dickens reiterates how small Oliver is and adds to this effect by putting him with people who are of a healthy manner. The master’s reaction to Oliver asking for more leaves a lot to be desired for Oliver Twist. The master did not just go along with Oliver and place more food into Oliver’s bowl, like he should have done as Oliver worked very hard and deserved the food that he needed to keep him on his feet but was shocked and hesitated in dismay before hitting him over the head with the ladle he had in hand. He then grabbed the young Oliver twist and shrieked for the Beadle, Mr Bumble. Dickens exaggerates the way in which the Beadle, the master and board would have reacted at an event such as a young boy, in a workhouse, asking for more food, but it does draw attention to Dickens strong opinion about, how the food was distributed. When Mr Bumble ran into the room where the men of the board sat he was in a rather excitable state. When Mr bumble tells the board of what Oliver Twist had ‘offended’ there was a great deal of horror amongst the board.

Nike Marketing Strategy - 5981 Words

Professor Gregory F StiberBy: Brizaida Ribalta, Jessica Halsey and Shereen Hijazi | Nike, Inc. | Marketing Plan Project | Nova Southeastern University H. Wayne Huizenga School of Business amp; Entrepreneurship Assignment for Course: | MKTP 5005 – Introductory Marketing | Submitted to: | Gregory F Stiber | Submitted by: | Brizaida Ribalta, Jessica Halsey, Shereen Hijazi. | | | | | | | | | Date of Submission: August 30th, 2012 Title of Assignment: Term Project – Marketing Plan CERTIFICATION OF AUTHORSHIP: I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledged and disclosed in the paper. I have also cited any sources from which I†¦show more content†¦Today’s Nike Presently, Nike, Inc. is the leading global marketer of athletic needs. The company still sells footwear, but has expanded their operation to produce and sell performance equipment, and athletic and casual clothing and accessories. Products are sold through company-owned retail stores and online website, and through a combination of independent local and foreign distributers around the world. In addition to North America, the company has had to branch out their operating segments to Europe, Asia, and other developing countries. Nike, Inc., also has other four key business subsidiaries: Cole Haan, Hurley International, Converse, Inc., and Umbro, all makers of popular footwear or apparel. With the emergence of the latest fitness revolution, exercise and sports have transformed from recreation into a social indicator of prestige. The Nike organization believes that everyone is a potential athlete and the brand has come to represent success. Though the shoes may help one move better, its value proposition includes making one appear trendy and current. The company markets the sports-inspired lifestyle and further encourages this image through its marketing strategy and use of celebrity and professional athletes to endorse their products. In the mid 1980’s, the company joined forces with advertising agency Wieden + Kennedy to begin airing national commercials on television.Show MoreRelatedThe Marketing Strategy Of Nike2833 Words   |  12 PagesGrowth strategies are used by businesses to enhance their sales and produce various products that are aimed at their target market as well as building and improving each time to consume maximum profit. One of the strategies includes market penetration; this is when a business sells the same products to an existing market. 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