Thursday, January 30, 2020

India a Global Economic Super Power Essay Example for Free

India a Global Economic Super Power Essay New parts of the world that were not long ago considered undeveloped, backwater countries, are now taking center stage in the global economy. Much has been publicized about the ascendance of Chinas economy, as it has become a major venue for the manufacturing of products sought after by worldwide consumers eager for cheaper goods. However, Chinas Asian neighbor, India, also has a vigorously growing economy. Indias economy is partly being fueled by companies around the world seeking to reduce their costs by outsourcing some of their operations there. A March 9, 2005 article in the International Herald Tribune reported that within 30 years, India is projected to have the worlds third largest economy and more people than China. Russell DSouza, International Credit Risk Manager for Hallmark International, pointed out that India implemented modern, capitalistic economic reforms in the early 1990s that are producing positive results. The Tribune article reported that Prime Minister Manmohan Singh, who as Finance Minister championed these reforms, proposed major investments in his first budget for education, modernizing Indias colonial-era infrastructure, and lowering tariffs. DSouza also noted India has modernized its banking regulations. India has liberalized its laws to allow foreign banks to take over branches. Local Indian private banks are allowed to set up foreign bank branches. The banking rules have been liberalized considerably. The CIA World Factbooks website estimates that by July 2005, Indias population will be slightly fewer than 1. 1 billion, of nearly 16 percent of the worlds population, not far behind Chinas, which is projected to be 1. 3 billion. Market Place PRI, a business radio program, reported on March 14, 2005 that a recent economic survey predicted India would grow at 7 percent this year. However, the report went on to assert that many economic analysts say that India needs to improve its infrastructure. DSouza, who grew up in India but now lives in the U. S, experienced the problems India has with the Lagging state of much of its infrastructure. Youve got an infrastructure that is woeful. Its one of Indias biggest Achilles heels. Its worse than Chinas. Just the sheer size of its growing middle class provides a huge potential market for India-based companies. DSouza said the size of Indias middle class is over 200 million people. Consumer goods are exploding in India. There are people with cash like Ive never seen before. Indias geopolitical importance and stature are growing too. U. S. foreign policy officials view India, with its strategic location, as an important counter-balance to the growing political and military power of China. U. S. Secretary of State Condoleezza Rice began a six-nation tour of Asia in India on March 16. An article that same day in the Tribune noted that analysts in Delhi viewed her stop there as a positive sign the United States was eager to underline Indias increasing importance on the U. S. foreign policy agenda. Talks between Rice and Singh focused on defense and military cooperation, economy and trade and synergies in energy and environmental protection. India possesses some advantages that make it especially suited to provide less expensive business services for companies. China, on the other hand, has excelled in the manufacture of cheaper products. The two main advantages for India is that it has an estimated 200 million people who speak English and also a world-class education system. India is a bilingual country, DSouza said. He noted this is a byproduct of its former status as a British colony. It has an advantage over China, he said, in that respect. The educational system in India has produced a significant number of chartered accountants, doctors, MBAs, lawyers, research analysts and other professionals, many of whom will work in India for much less than their professional counterparts in the U. S. and Europe. Alok Aggarwal, Co-founder of Evalueserve, which offers business intelligence, market research and intellectual property services to clients in North America, Europe and Asia, noted there are two types of services offered on an outsourced basis. Business Process Outsourcing, or BPO, involves more routine processing of data. Ravi Aron, Professor of operations and information management at the University of Pennsylvanias Wharton School, said examples of BPO involve more routine functions where there is a predefined way of doing tasks or even reaching conclusions, as in data entry, accounts maintenance and customer service activities such as those performed at call centers. BPOs typically provide such services as setting up bank accounts, selling an insurance policy and voice and e-mail-based computer support. Aggarwal said that a higher Level of service than BPO is called Knowledge Process Outsourcing or KPO. KPO involves high-end processes such as investment research and Legal and insurance claims processing. In a March 21, 2005 article in the Indiatimes News Network, Pavan Bagai, Vice President, strategic businesses, EXL said, Imagine unsorted data going through a black box and coming out as useful information. In KPOs the black box is your mind. There is no predefined process to reach a conclusion. In either BPO or KPO, India often offers a huge cost savings potential over those functions being performed by American workers in the U. S.  Aron said that in credit card-related functions, the cost of an American worker, including benefits and overhead, ranges from $48-55 per hourwhile in India, those costs are only $18-24. A report by Hay Associates estimated that the fully burdened costs of an accounting clerk in Stamford, CT, is $69 per hour, while in Bangalore, India it is $4 per hour. (Though Alok disputes that number saying that currently the loaded costs in Bangalore would be $7-$8 per hour the cost differential is still staggering. ) French Associates reported that a $50,000 U.  S. clerical worker would cost only $10,000 in India and would be a top graduate. This huge gap in employee direct and indirect costs is even more dramatic with KPO services. When you go with high-end work thats when the game gets interesting, Aron said. He said employee costs per hour for an equity research analyst in the U. S. would range from $230-$250 while in India it would only be about $30. Should you find it suitable to relocate, (to one of the countries that offers much cheaper employee costs) you will experience huge savings, Aron said. If you look al the labor cost difference there is a 5-1 to 8-1 cost factor, added Aggarwal, whose firm actually provides equity research and investment banking research services. American doctors are very hard workingbut they dont work five times harder than Indian doctors. The March 21 Indiatimes Network article reported that India, with its knowledge base and lower costs, will be leading the pack in the race for KPO business. The article referred to a report by Evalueserve that India will capture more than 70 percent of the KPO territory by 2010. Indias software trade body reported that export revenues from software outsourcing will reach $17. 3 billion in the fiscal year ending March 2005. In a presentation by Marc Vollenweider, President and CEO of Evalueserve, it was projected that by 2010 India will have about 1. 1 million people employed in BPO. According to Vollenweider, U. S. companies may be compelled to outsource due to his projection of a labor shortage. According to his figures, by fiscal year 2010, the U. S. is projected to experience a shortfall of 5. 4 million workers. In that same timespan, the U. Ks shortfall is projected to be . million workers. Vollenweiders presentation concluded that, Global Sourcing has become an economic imperative for the developed nations to maintain and sustain their historical and current growth. Offshoring IT and BPO services to low-wage destinations provides a viable solution to developed nations who are struggling against the significant shortage of skilled labor. Evalueserve projects that by 2010 India will have 820,000 employed in low-end BPO services generating total revenues of USD 18 billion and 250,000 workers employed in high-end KPO services generating USD 12 billion. A number of major U.  S. -based corporations have set up operations in India or have outsourced certain business services to Indian firms. A report by French Associates indicated India has become a venue for major development centers for IBM and Microsoft. Major corporations like Ford, JP Morgan Chase and HP are currently setting up operations there. General Electric, however, probably has utilized the manpower resources of India more extensively than any other major American Corporation. GEs involvement in India began in September 1989, according to a front-page, March 23, 2005, The Wall Street Journal article. Al that time, then-CEO Jack Welch flew to India for a sales meeting to sell products to India. During that stop in India, Welch met with Indian government officials who pitched him the idea of having some of his companys needs provided by its emerging high-tech sector. Today, The WSJ article pointed out, India earns more than $17 billion from corporations worldwide seeking low-cost overseas talent Although GE is hesitant about taking credit for a trend that has taken many American jobs overseas, most corporate observers agree GE played a major role in the outsourcing boom. The WSJ article further noted that in 1995, GE created GE Capital International Services, now known as Gecis, to handle backroom work and market analysis. In 1999 Gecis established the first international call center in India and in 2000 GE opened a research center in Bangalore to tap the skills of Indian engineers. The WSJ article reported that in November 2004, GE sold a controlling interest in Gecis and now the company will seek business from other companies. French Associates estimated that GE had 5,000 FTEs (full-time equivalents) in India in 2000. That number grew to 12,000 FTEs by the end of 2003. The WSJ article also reported that in 2000, GE opened the Jack F. Welch Technology Center in Bangalore that employs thousands of researchers working on everything from new refrigerators to jet engines. A recent GE report indicated the company plans to spend about $600 million this year on computer-software development from Indian companies. Val Venable, CCE, Credit Manager for GE Advanced Materials, in reference to GEs outsourcing efforts in India, said, We certainly have been a major player. For our company and a lot of companies, youre always looking for quality suppliers at low cost. It makes business sense to do it. Venable, who spoke in India in late March during a five-week business trip there, said that her operations are split between the U. S. and India. Part of my collections team sits in the U. S. and some of it is in India. She said that employee allocation between that in the U. S. and India is proportional to the workload. If I have 70 percent of my people in India, I look to have 70 percent of my work there. My people in the U. S. have a lot more credit experience, so they do a lot of the credit decisions. In Venables case, even though GE does not wholly own Gecis anymore, it has not changed her operations. My relationship with my team has not changed. We work together and we have sub-teams. For our credit and collections teams we didnt see a difference. My people from the India and the U. S. have been trained the same. The cost savings of operations in India arent just confined to personnel expenses Venable said. Its not just the cost of the people. Over here I have different IT costs and I have different training costs. She acknowledged that many Indian employees are well educated and enthusiastic about their work. Theres a huge emphasis on education here. Its their first experience in business. On the issue that some Americans have complained about not being able to understand customer services representatives in India, Venable said, Some of my team have fairly strong accents, but have you ever called Texas of Mississippi? They have accents too. We usually work on that. Thats part of the service to the customers. An unavoidable drawback Venable mentioned of outsourced services emanating from India to American consumers is, If youre going to have a team in India, theres a time zone difference. She said the time zone difference between India and the U. S. is 9. 5 hours and 4. 5 hours between India and the U. K. She san the time zone difference actually has not been a major problem for her operations. The areas around the call centers are becoming a 24-hour culture. Probably in the next 20 years were going to have virtual offices and it wont matter where people sit. Does everybody need to sit in the same room? Probably not. †

Wednesday, January 22, 2020

Food Poisoning :: essays research papers

You know, when you eat an egg, and it doesn't taste right, look right or smell right? Well that means that it could be contaminated with a dangerous substance (Like Chelsea). Food poisoning is the result of ingesting organisms or toxins in your food. Food poisoning can affect one person, or it can occur as an outbreak among several people who all ate the same thing. Even though food poisoning is quite rare in North America, 60 to 80 million people get affected by food poisoning each year, and 6 to 8 million die from it each year. It mainly occurs at picnics, school cafeterias, or at big social events, like parties with food at them. These are all cases where food is contaminated by something, or it isn't prepared correctly. Most of the time, people get contaminated by under-cooked meats or expired dairy products. Bacterias also cause deadly poisoning. Most cases are caused by common bacteria (see Jonathan's speech) like Staphylococcus or E. coli. The main evil ones are Staph Aureus, E. coli enteritis, salmonella, shigella, campy lobacter, cholera, botulism, listeria, bacillus cereus and yersina (gee, funny names!). Kids (like me) and the elderly, (like Mr. Bark), and people with diabetes, heart disorders or kidney disease, have a much higher chance of having deadly symptoms from bacteria in our food. In places like Africa, there are many more diseases that can affect Canadians, because there are many bacterias that our bodies aren't used to. It is also warmer and there are lots of insects that can carry the diseases around.   Ã‚  Ã‚  Ã‚  Ã‚  And now for the symptoms of being poisoned (this is my favorite part). Depending on what exactly your stupid brain told you to eat, the symptoms vary.

Tuesday, January 14, 2020

Modern society Essay

The modern family is obviously in many ways different from the traditional family types that existed in the past. A number of trends are at work nowadays shaping the modern, or, as some scholars put it, post-modern family (United Nations University). These factors affect the basic foundations of the family and reconfigure the roles of all members of this institution, receiving different evaluations of psychologists, economists, and sociologists. Professor Yount from Emory University notes that modern American families have undergone a dramatic sociological change in the past decades. Thus, the size of household declined among Caucasians and African Americans and rose among Hispanics, the â€Å"percentage of households headed by married couples declined from 78 percent to 53 percent in the period from 1950 to 1998† (Yount, 2005). In addition, the proportion of dual-earning couples has increased significantly, creating a new economic reality (Yount, 2005). Today, the woman is increasingly contributing as much as or even more than the man to the family budget, a fact that has implications for her economic role in the family. A woman is more likely to remain financially independent after divorce or even lose money in divorce proceedings to her husband. This has positive implications for children that are less likely to remain without support after the parents’ separation and benefits the society, creating a new workforce pool. Against this background a noticeable trend is certainly an alarming divorce rate. In a certain sense, this trend works against growing importance of women as bread winners, contributing to insecurity of children’s well-being and putting heavy financial pressure on spouses that take custody of children. On the other hand, divorce rates are connected to â€Å"the new level of women’s involvement in the workplace, as well as modernization of women’s roles in general† (Swanson 2004:1). In a sense, divorce is the result of growing egalitarianism in family relations, a trend clear from the psychological perspective. Families become more and more egalitarian in the sense that younger and older members, women and men are achieving a more equal status in many ways. However, Swanson (2004) also points out that perfect egalitarianism remains elusive. Most men and women aspiring to build egalitarian families in the times of their courtship face a reality in which they cannot attain this desired ideal and instead lapse into traditional rigid gender roles. This becomes even more of a problem with childbirth. Although men tend to have a greater role in parenting than before, women are still responsible for most of it, and it tends to re-shape the roles in the family toward greater participation of the woman in household duties and increases her workload relative to that of the man. Thus, a study conducted in Switzerland â€Å"reveals some moderate tendencies towards less sex typing of task allocation in such items as administrative contacts, gifts, holidays, cleaning, but there seems to be a hard core of tasks showing very little change (cooking meals, washing)† (Levy, Widmer, Kellerhals 2002). There are many other changes obvious in the psychological realm. Values and priorities in family life are undergoing a constant change. United Nations University in its article on the post-modern family notes that today’s families see â€Å"optional participation in most aspects of communal life, high levels of privacy and choice† as opposed to â€Å"compulsory participation in all aspects of communal life, lack of privacy and personal choice†. Because of lower level of required participation in communal activities, people experience a shift in the nature of identity, often associating themselves with a greater number of fluid social groups. Values become less constant, and social roles are changing. One interesting trend pointed out by Professor Gillis of Rutgers University is the growing virtual character of people’s connections with home. Many spend little time at the place associated with their home, something underscored by the fact that â€Å"homemade† and â€Å"homecooked† is likely to be made anywhere but at home† (Gillis 2000:7). On the other hand, modern communication possibilities in the form of Internet, cheaper long-distance calling and other ways allow for greater connection with relatively remote places. This creates prerequisites for a deep psychological change in the mentality of people who feel at the same time estranged and closer to their relatives who they see less frequently, but can communicate with from a distance. A word should also be said about the emergence of non-traditional households, starting from cohabitation prior to marriage that can now last decades to homosexual households and those including several couples. Welcomed or abhorred, these families also have a presence in the modern society. As to homosexual couples, we see these days a clear trend toward legitimizing these relationships. This can have far-reaching consequences for modern families. There is a greater scope of opportunities for adoption of children, greater security for members of such families that previously lacked social security, and other economic and social advantages. However, there is also an opinion that the prevalence of these arrangements destroys the foundations of the regular family. Thus, families nowadays undergo a profound change that occurs on sociological, psychological, and economic plane. Most often, these planes prove to be deeply interconnected in many ways. Thus, divorce has roots in growing egalitarianism and shift of values that affect the psychology of young people who get married. On the other hand, it has profound economic ramifications, creating instability and jeopardizing the financial well-being of women and children in most cases. Overall, the modern family demonstrates many trends, increasingly exhibiting diversity and fluidity in definition of patterns and values. Bibliography Gillis, John R. â€Å"Our Virtual Families: Toward a Cultural Understanding of Modern Family Life†. Emory University’s Center on Myth and Ritual in American Life Newletter Working Paper No. 2 (2000). 19 November 2006 . Levy, Rene, Widmer, Eric, and Jean Kellerhals. â€Å"Modern family or modernized family traditionalism? : Master status and the gender order in Switzerland†. Electronic Journal of Sociology (2002): Universite de Lausanne. 19 November 2006 .

Sunday, January 5, 2020

Child Abuse Is The Most Important Part Of Today s Society

The nation’s youth is the most important part of today’s society. These young children are the body and minds that will inherit the nation and its problems. The parent also has a very important responsibility in preparing youth for the world. However, poor parenting skills are too often being transferred to the youth. Poor parenting involves the use of excessive violence as a form of punishment. Children are placed in a horrific situation through abuse instigated by their parents that damages the child physically and psychologically. Children everywhere are being abused by their parents whether it be physical or emotional abuse. In order to help prevent child abuse, one must first understand some of the reasons that parents abuse their children. There is no excuse to abuse one’s child and there have been many studies conducted in order to make correlations between what causes child abuse. A National Incidence Study (NIS-3), was conducted and found a correlation between family income and child abuse. â€Å"Other factors include family structure and size, poverty, alcohol and substance abuse, domestic violence, and community violence are contributing factors to child abuse and neglect.†(Rein). All these factors are very stressful and many parents turn to violence to deal with a wailing child. Also, children in poor health are at a much higher risk of being abused or neglected. More and more children are being abused as substance abuse is on the rise. Often times the severity ofShow MoreRelatedChild A buse- a Child Called It1727 Words   |  7 PagesAmerican society today we fail to address several issues that need to be addressed. Unfortunately, child abuse is one of the major issues that our country is plagued with, yet we neglect to bring this to the attention of the entire nation. 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