Macro2B Essay Example | Topics and Well Written Essays - 1000 words - 1

Macro2B - Essay Example Workers who spend time looking for employment are engaged in job search. This type of unemployment is the case of frictional employment, which is due to the time workers spend in job search. This exists even when the number of people seeking jobs is equal to the number of jobs being offered, that is it does not mean that there is a surplus of labor. However, unemployment when there are more people seeking jobs in a labor market than there are jobs available at the current wage is called as structural unemployment. Both frictional and structural unemployment is inevitable in any economy. Thus, a certain amount of unemployment is normal, which is called as the natural rate of unemployment. The natural rate of unemployment is the unemployment rate that arises from the effects of frictional plus structural unemployment. Actual unemployment rate fluctuates around the natural rate of unemployment. The natural rate of unemployment is calculated as: 4. Perhaps tongue-in-cheek, some economists occasionally distinguish between â€Å"good† inflation and â€Å"bad† inflation. Speculate as to why these economists might see some inflations as superior to others. Inflation is the sign that an economy is growing or expanding. The lack of inflation is an indicator that the economy is weakening. A small inflation is just as bad as high inflation. Thus, it is not easy to label inflation as good or bad, and it depend on overall economy and individual personal thinking. When an economy grows or expands (boom) the price level of goods and services rises. This effectively increases the inflation. Since, economy is growing people have more money to purchase and therefore, the purchasing power of individual increases comparatively. This type of inflation is generally referred as â€Å"good† inflation. If an economy continue to grows, there comes to a point (peak), when the inflation is too high and government needs to do something to lower

Singapore’s Economic Competitiveness

Singapore’s Economic Competitiveness Introduction According to the global competitiveness report 2014-2015, Singapore has retained their place as the most competitive economies in the South East Asia. Singapore’s economic rank second in the world just behind the country Switzerland for the fourth consecutive. Singapore had owning an outstanding and stable performance across all the dimensions of the GCI. In addition, Singapore had tops the goods market efficiency pillar and ranks second in the labor market efficiency. Over decade years, Singapore unemployment rate has obviously decreasing, this refer Singapore’s labor force has strong active population toward to work in order stimulate the development to the country. Furthermore, Gross Domestic Product (GDP) in Singapore tremendously expanded 3.20 percent in the first quarter 2015 over the previous quarter. 2.0 The Cause of the High Economic Competitiveness in Singapore Macroeconomic environment Regional Co-operation As the globalization permeates our modern world, change can be said to be only constant to Singapore. As Singapore celebrates its Jubilee year, contemplating where it stands in ASEAN is important to carve out a path to keep constantly develop to successful country. The future of Singapore should not only improve within it country to remain ahead and relevant, Singapore should also to consider how the world affects us. Hence, Singapore need to building stronger ties in between neighbors countries. The association of South East Asian nation known as ASEAN is a 12 member international body, that’s consists the country of: China, Thailand, Laos, Vietnam, Philippines, Brunei, Cambodia, Indonesia, Myanmar, Malaysia, India and Singapore. The objective of ASEAN is aim to promote collaboration and co-operation among its member states as well as to advance the interest of the region as whole, including economic and trade growth (). Singapore had a crucial role in building economic ties within the region of ASEAN, it lead Singapore economic market trading with ASEAN countries. As Asia’s most mature financial center, Singapore has a key role to play in ASEAN’s economic transformation. It attracted more public and private funding through export agencies or bank to invest Singapore to trade finance to allow more Asian companies to reach global market. As today prosperous of China, Singapore has to working with China to explore more new opportunities to maintain it economic position. Singapore integration with China will be inevitable in near future, it may allow Singapore be able to maintain independence through economic ties with the US market. According to China moving up the value chain, Singapore will need to build stronger diplomatic with China in order to further exploring Sino-Singapore co-investment in other market. The developing of Sino-Singapore co-investment will benefits to Singapore and even to ASEAN could be profitable as it rides on the trend of growing outbound Asian foreign direct investment to other high-growth market. Global Economic Outlook Global growth is forecast at 3.5 percent in 2015 and 3.8 percent in 2016, global economic growth remains moderate with uneven prospects across the main countries and regional. In year 2015, World Economic Outlook (WEO) report that the outlook of global advanced economic compare relative to last years has improving, while growth in emerging market and developing economies is projected to be lower, primarily reflecting weaker prospects for some large emerging market economies and oil-exporting countries. In the United States, underlying growth has remained solid all time. However, while lower energy prices have boosted growth momentum in the United States, they pose downside risk to the Canadian economy owing to the relatively large size of its energy sector. The economy of United Stated has been resilient to the weaker external conditions and the strengthening dollar. Besides that, United States has shown solid improvement into labor market and business as well as the consumer behavior. It may develop United States on labor market to recovery fast pace, boosting household incomes and confident. In the Europe area, activity was weaker than expected in the middle part of 2014 as private investment remained weak. Although growth was stronger than expected in fourth quarter, but uncertain still across countries. The substantial QE program carries out by the European Central Bank can have positive effect on sentiment, but whether it will product critical effect to boost the growth outlook is debated. In the financial market of Europe, pricing in the ECB policy actions positively remained supportive. ECB’s action will able to improve financial conditions in order to boost economic into the stronger momentum at end of 2015. Microeconomic Environment Improve Innovation and Reformation In the microeconomic environment of Singapore, Singapore improve it country innovation and reformation to increase competitiveness. These innovation and reformation allow Singapore boosts it economic to moving upward. An innovation and reformation can be created in many ways, which can be in sector of technological or sector of science innovation. No matter what type innovation or reformation is, it should helpful Singapore development into a modern city. New innovation and reformation will helps Singapore industries to save much time toward work and labor force. Innovations stands a vital role to transforming Singapore to developing country to a modern industries economy in one generation and keep innovating so Singapore will able to stay competitive in the global economy. Human Capability Singapore had strong education system to enhance it country human capability. Singapore student are aims high and they achieve a very good result. Education in Singapore is managed by Minister of Education (MOE), which control the development and administration of state school as well as has advisory and supervisory role in respect of private schools. MOE provided a good environment with capable leader and teachers and also perfect facilities to the youth which are helpful to develop student skill and knowledge in order to take Singapore forward to maintain it economic competitiveness in future. Moreover, Singapore education systems are best and has been recognize in the world, this bringing tremendously opportunity to Singapore residents which allow them to survive in global challenge. Singapore has achieved almost universal education at each level of schools which will able to enhance student human capability to prepare them for knowledge based-economic and help to build national i dentity. 3.0 The Challenge to Singapore’s economic competiveness Lacking of natural resource Singapore has limited land area and limited of natural resource, it will cause Singapore facing challenge to further developing without any of this natural resource. Singapore is a small island nation with over 5.3 million people, but it is face difficult problem with their insufficient of resource to supply to these 5.3 million residents. The major natural resources issue that Singapore facing are, limited natural freshwater resources and limited land availability presenting waste disposal problem and so on. It could lead the problems to Singapore that people have no access to clean water in time of future and quarter of people will lack adequate housing. Meanwhile, lack of resource will create wide-range problems such as unemployment, housing and people which will affect their life system. Domestically, Singapore does not have enough arable land to produce its own food, it heavily relies on imports which will result the price are extremely expensive to it residents. Lacking of natural resource will also slower down Singapore economic growth as well as affect to the overall GDP on economic development. With limited natural resource, Singapore will unable to produce more domestic goods to export to other countries which will become barriers to it economy when competitive to other developing country. Human Resource Development Hamper A confidence labor market is the great asset of country. Singapore labor market had insufficient skill and unskilled worker in today workforce. Due environment changing rapidly with the jobs, the criteria of jobs will be different and skill will need to change, it should not remain on the past. When worker lack of skill and unskilled to enter the workforce, it may take a certain time to train them in order to join workforce, more or less it will affect the productivity of Singapore hamper. Meanwhile, it will also affect Singapore economy downturn. When workers are unskilled, it may lead to low morale among worker which results in worker turnover. In addition, Singapore unemployment rate will be increase when worker didn’t adopt a new idea and new skill. Nevertheless, Singapore productivity rate will decrease due to unskilled worker not well knows to perform their jobs confidently. Unskilled worker spend considerable time to perform their jobs based on their own understanding which affect detriment of the work process. This could also lead errors and injury on workplace. Furthermore, supervisor and other worker need to spend time to monitoring unskilled worker, which detracts from their work and increases the amount of time necessary to complete production. Singapore facing uncertain economy problem which people unwilling continue upgrading and economics growth will be in period of recession. 4.0 The economic strategies and government policies for Singapore future improvement Energy efficiency and renewable resources As Singapore is city-state with lack land area to development, it is not particular rich in natural resources. The challenge that Singapore is facing on management water resource has been a country across the globe. Thus, Singapore has to carry out with an efficient water management policy to ensure sustainability of water over the period of time. Singapore should further devise water management strategies to manage limited water resource. Singapore should through research and technology to found an integrated with further carry effective and cost-efficient ways to solve water supply issue. Singapore’s national water agency PUB has implemented a policy to provide diversified supply of water. These plenty water supply consist the method of: local catchment water, imported water, highly-purified reclaimed water also known as NEWater and desalinated water. Moreover, the sustain increasing demand in energy, government of Singapore should developing the technology for various source of renewable resource in Singapore and to leverage on renewable resources to implement in large scale and commercially viable manner. Renewable resources have become a focal point of the environment movement in both politically and economically and energy obtained from renewable resources put less strain on the limited supply of non-renewable resources. Singapore government should use of bios mass as renewable resource. Bios mass is any derived organic matter, which is available on a renewable basis. On the other hand, bios mass able stored solar energy that can be converted into electricity or fuel. Singapore has great potential to harness solar energy due to this country located in the equatorial belt. Singapore able builds a solar power manufacturing plant to product solar energy. The solar energy plant able to produce wafer, cells and modules in the ways for used to generate solar power. Use Solar energy is lead to reduce the demand of electric current and solar power is much reliability than electricity. Urban Planning to Singapore An urban planning is planned for Singapore for a long-term sustainability to further developing Singapore to a better country. The main objective urban planning of Singapore is to priority ensuring catering for the economic growth and a good quality of life as well as maintains the clean garden city and making the best of using resources. An urban plan approach to sustainable development is far-sighted, holistic and comprehensive planning to Singapore, which able to help Singapore take into account of the global changing as well as future development through an integrate planning process. An urban planning is significantly in development future of Singapore, it should also offer a good quality of life for all residents. Thus, the key aspect of urban planning is in ensuring that housing is available and affordable. With over 50 million people in Singapore, land is important to set aside for variety of housing type to meet various types of needs and aspiration. So, the range to purchasing of house should provide from affordable and quality high rise public housing where allow 80 per cent of the population lives. As Singapore is the city to address complex urbanization and uncertain environmental challenges of the future, there is a necessary to seeking out viable new ideas, innovation, technologies and other solution to against with the global economic changing. That’s the reason why Singapore developing living laboratory. Numerous of companies and research institute are in partner with urban planning authority of Singapore developed new technologies and have been testing out the new urban solution that can be commercialized and replicated elsewhere. In order to Singapore create cooler and more comfortable environment that every people could enjoy, urban redevelopment authority also known as URA is leading an ongoing climatic mapping island-wide study that examines the impact of building, greenery and urban space on micro-climatic conditions like air flow and temperature. The aim of urban design study is to help Singapore design strategies that can leverage on climatic conditions to c reate better living environment. 5.0 Conclusion While the economy will move upward and downturn in the long run, it is hard predictable what will happen in the future development of Singapore. Singapore may face uneven challenge in the future, in keeping the economy strong, raising total fertility and further to growth competitiveness while global economy changing rapidly. However, with the government policy play important role to maintain upgrade and keep priming the economic development; this could lead Singapore to stand great confidence in against global economic competitiveness. In the global economic, Singapore remain confident that the global economy able to gain momentum due to US economy set accelerate to itself fastest pace and oil price remain low. With good reputation on trading experience in import, export market and shipping market, Singapore able to integrate with other countries develop more competitiveness market. More or less, it could also boost Singapore economy to a better result in consumer confidence. Singap ore will able to keep growing as modest city with it strong economic system in competitions of globalization

Tennis Made Easy :: essays research papers

When surfing the Internet, eventually winding up at tennis4you.com, I found something called the â€Å"Lesson Lounge† which has instructional articles on the game of tennis. My particular article discusses a very crucial part of the game, and also a difficult one, the first serve. The reason this drew my attention is because this is a major weakness in my already pathetic tennis repertoire. By reading the article, I hoped to find strategy to learn from, and eventually, with practice, to improve from. In the article, they explain how the first serve can become â€Å"†¦someone’s biggest weapon making someone else’s worst nightmare!† That, not only can one use a power serve or a placement serve to attack their opponents, but that working out is not even necessary to do so. The tennis serve can have significantly more power by using â€Å"†¦legs, shoulder rotation, and stomach muscles†¦Ã¢â‚¬  during one’s motion. They stress that since you have two serves, it is crucial to take a chance and make sure your first serve is NOT â€Å"†¦easily attackable†. From here, they lead into more complicated serving techniques that involve the type of hit- such as the flat, slice, kick, and topspin serves. Although I am not good enough to test them out, through time, they could certainly help someone with an interest in tennis who is willing to practice. After establishing the four types, the writer goes more in depth to differences between power and non-power serves. With power serves, they emphasize the importance of rhythm, significance of keeping your opponent guessing and lastly, the need to hit it in bounds. They continue to say that, obviously, no matter how hard your serve is, it is useless if it cannot land in bounds. As far as non-power serves, they speak of smaller players and how technique and mechanisms such as spin. Another main point here is that one must serve deep into the service box.

Different Research Methods Essay

â€Å"When it comes to their health, workers always know best.† (Workers Health International Newsletter No. 42).† Analyse the different research methods that unions and workers use to identify ill health caused by work. Introduction The topic I have chosen to look into for this assignment will be â€Å"When it comes to their health, workers always know best.† (Workers Health International Newsletter No. 42).† Analyse the different research methods that unions and workers use to identify ill health caused by work. I have chosen to look into this subject to see what different research methods are out there and what kind of information we can gather from them. I will do this by analysing and evaluating each known method, and then establishing which is more suitable for my own workplace. I intend to be able to use some of these research methods on my members and in my workplace, to see if there are any potential hazards in the workplace. After trying out some of these research methods I will collate the data and if an issue is raised create a plan of action to eliminate the problem. I also intend to share my findings with my members and present this data at the next health and safety meeting. What types of research method is there? A simple research method would be to â€Å"look and listen† by this I mean observe your surroundings, listen to members concerns, check things like the accident book or has there been a number of claims? Another type of research can be to do comparisons between different things in the workplace for example does one area have more accidents then another or does an area have additional hazards compared to others. A really useful research method for trying to find out if there is a specific health problem with your work is body mapping. Body mapping is a way of identifying common patterns of health problems amongst workers in a particular workplace or doing the same job. Whilst it is not certain that any such common ailments are work-related, it highlights areas for further investigation. A similar technique is risk mapping/hazard mapping where instead of highlighting areas of pain on the body like a body map does this highlights risks on a map of the workplace. From this map you will be able to build up a clear picture of where the hazards lie in the workplace. One of the most popular types of research is to do a survey, this may be because there are lots of different ways you can do surveys and you can tailor them to be as specific as you want. You don’t even have to come up with the questionnaire yourself as there are a lot of pre made ones online which may fulfil your needs. Another research method is to examine records to see if you can find any anomalies or similarities in the data. Records can range from asbestos registers to pesticide passports. Pros and cons of research methods Body mapping One of the pros of body mapping is that it is a simple starting point to be able to identify health problems within the workforce. Another advantage is that it is very easy to set up, and very quick to be able to participate in, even those with disabilities and those who are not English speaking can partake, which should encourage people to take part. The results can be swiftly obtained, and are clear and easy to present to management. A strength of using this method is that it can raise health and safety awareness in the workplace, and then finally body mapping can be anonymous, hopefully encouraging more members to get involved. A weakness of the body mapping method is that it is only a starting point for investigation, and it is hard to pin down to work issues, and so you would need to follow it up with different research methods, for example: surveys and discussions to try and highlight what the hazard may be. A disadvantage is that all employees’ who have taken part would need to do the same job in order for the data to work or you have to do multiple body maps (the hazards may vary from job to job). Surveys One of the advantages of using the survey method is that it can be conveyed in multiple ways, such as email, internet, paper or post. This style of research makes it easy to target large populations of people. Another pro is that the survey can be as specific or general as you like, dependent upon the questions you wish to ask. You can ask open questions which will give you detailed responses, or closed questions which are quick to interpret data from and you will get fast results. By using this method you can repeatedly use the same survey over a period of time to assess any changes that may be taking place. A disadvantage of this method is that survey design often requires special skills from the researcher in sampling proper question design and analysis. Another weakness is open questions can create a lot of data which is time consuming to analyse and it may also put people off participating. Surveys might not be accessible to all members, such as foreign workers or people with disabilities. Another drawback is that it is difficult to get people to participate as it takes too much time to complete or they cannot be bothered. Risk mapping By using the risk mapping method, it can highlight to workers any potential hazards that they may be exposed to, and any physical, chemical or biological problems that might arise when doing the job. Workplace risk mapping is a technique where workers can get together to get these concerns down on paper. This approach takes the control away from experts like health and safety professionals, by using the knowledge of workers and acknowledging the essential contribution they make, and are developed from everyday experiences. Risk maps can be enhanced if the hazards are coded using colours or symbols, it may even be possible to match these codes to areas with body mapping results. An advantage of using this method is that it can allow workers to keep track of management’s activities to remedy the hazards the map has identified. A disadvantage of the risk mapping method is workers may lack interest in the process, and wish to ignore hazards in their work area, especially if they have been doing the job for a long time, not wishing to change from what they have been doing (they may be scared of change). A weakness can be seen to be employers not enforcing the findings of the risk mapping, therefore encouraging members to work unsafely. There could be an issue with members not wanting to take part due to a worry of pressure from management to ‘get the job done’. A weakness could be that if there is a lack of commitment from employers once issues have been highlighted, there could be a delay in the risk being removed or controlled. Conclusion and recommendations After analysing various types of research methods, it is clear that no method is perfect. It seems that depending upon the type of data required, this may determine which method is best to be rolled out. Even the possibility that one research method might not be enough to get all data required (the body mapping method may only be a starting point), and so more than one method may be suitable in certain cases. From analysing this data, when approaching the workforce it may be better to use more than one approach in order to accurately report potential risks to management. This approach will not only make the data more precise, but also make the case more conclusive. After looking into all the different research methods I intend to recommend that either the TU or the company, or both utilise some of the research methods, starting with body mapping and leading on from there to other techniques.

Book Review Last Song

In The Last Song God is talked bout a lot and believe since Sparks was Catholic, that influenced him to add his religion into his Story. I personally do not see the author in the Story. I think he did not want to add himself in the book. The book is written in third person point of view. The point of view written in the book helps the reader understand what the character was feel Eng and the inking. Throughout the story, the author uses a lot of literary devices. At least every other page has a literary device to it. A common one I found throughout the story is simile.Of ours it's the most common literary device. Ronnie loves her brother â€Å"even though they fight like cats and dogs† and â€Å"still [takes] him to the park every weekend† (Ronnie, 23) showing that she is still willing to do things for her only brother. Steve, Ronnie and Jonahs father, shows his love for his children throughout the novel. â€Å"Spending time with Joana had been like finding special tre asure,† Steve loved his kids and spending time with them, â€Å"and he wanted to spend time with [Ronnie] as well† (Steve, 1 00) and wanted to be a part of their lives again.Love is a main theme throughout the story and while love is shown differently by each character, it is all the same. Steve has love for music and his children. Ronnie has love towards her family and Will who she met and fell in love with during the summer. And Joana loves spending time with his father and picking on his sister. The story is about a girl named Ronnie, who has to spend the summer with her dad and brother. She hung out with the wrong crowd at the beginning but after an incident she stayed away. While there she meets Will, a guy who helps her trust again.He helped her find her true self and mature into a young woman. It takes time for Ronnie to let her father back into her life again because she was upset at him for leaving. The story had lots of phrases I liked. One in particular but i t is dialog between two main characters. ‘†Can I ask you a question? ‘ (Will) ‘I'm not sure I can stop you. â€Å"‘ (Ronnie, 151) do not know why but out of the entire dialog in the story that part just jumped out. It showed how straight forward Ronnie can be. The story is written using modern English. It is not to old were o cannot understand it.At the beginning of the Story, Ronnie felt distant with her father, maybe even hate towards him. When I was in middle school used to give my parents the cold shoulder. So I can kind of relate to how Ronnie felt at the beginning of the story. My favorite character is Ronnie because she will say â€Å"what [is] on her mind† (Will, 145) and not care what other people think. Marcus is my least favorite character. He â€Å"[thinks] only about himself† (Ronnie, 138) and his personality bugs me. In the beginning of the story Ronnie felt like she did not belong. In middle school when I just started as a sixth grader used to feel like I did not belong.But eventually just like Ronnie, started feeling like that's where I am supposed to be. Personally enjoyed the entire story. It had its happy moments and other bittersweet moments that made this story one of my favorites. My favorite part of the story is when Ronnie visited Will's house for the first time. She was like a fly in a glass of milk; the author writes, â€Å"She might as well have landed on mars† [Ronnie, 227] proving my point that she felt she didn't belong there. My least favorite part was when Blaze planted some Cad's in Rennin's bag so it looked like she was shoplifting.Blaze knew what would happen to her because Ronnie said she couldn't be caught shoplifting again during the year or they would not drop the charges from the other time she did it. Would definitely recommend this book. I have read it a couple Of times and seen the movie, each time finding something new in it. The book has a bittersweet ending to it but the message it gives is wonderful. Honestly, anybody would enjoy this, Nicholas Sparks writing pulls at the heart strings, if you are willing o put the time into reading this, you will not regret it because it is a good book.