Is Thai Airways going to bankruptcy Research Paper

Is Thai Airways going to bankruptcy - Research Paper Example uld take up shares with the business, beginning April 1, 1988, to be the major shareholder with an estimated 51.03% of the company’s shareholdings, while the remaining 48.97% is owned by investors in the domestic and foreign markets, also including the company’s employees (THAI, 2013). Through the years, the company has experienced various challenges, benefits, and implemented different strategies to remain competitive and profitable in a highly competitive international market (Shoffner, Shelly, & Cooke, 2011). There is speculation that Thai Airways may be going bankrupt, following several challenges in generation of revenue. Different scholars and publications have closely followed the progress of the company, often making speculations, and detailing the actions taken by various entities in an effort to prevent the company from going bankrupt. The impeding bankruptcy of the airline follows a number of decisions made by the company, with respect to the market forces. T he extent to which the investors are willing to get involved in the recovery efforts will determine the probability and possibility of the company failing. In this study, the aim is to conduct a comprehensive analysis of the company finances and situation to establish the basis of bankruptcy claims and probabilities. Thai Airways is an entity in the transportation industry, such that the ministry of transport manages the domestic, regional and international routes. The nature of the venture means that the products and services offered include air passenger, cargo and mail transport, warehouse, ground passage, ground equipment, and catering and maintenance services. Although the company is renowned for the air passenger services, the other services serve to support this core service. Under the service, the company has witnessed growth in the customers as well as fleet of airplanes, but challenges have resulted in premonitions on the company’s bankruptcy. Improvements to the services offered and

Attacking currency trends how to anticipate and trade big moves in the forex market Essay Example for Free

Attacking currency trends how to anticipate and trade big moves in the forex market Essay Terrorism has been a great challenge to almost all countries in the world. Though it is very challenging for two countries to come into a point of ending war against terror, at times accepting democracy may not be the solution. The term requirement refers to a thing that is required prior condition of something else to exist or happen. War against terrorism does not end because democracy demands. In the real world, war against terrorism ends when one side wins while the other side loses. However, democracy is not a prerequisite towards ending war against terror. In a free world, countries should not accept any form of government they tend to choose. Some forms of government such as dictatorial and Monarchical do not resemble a free world. Such governments do not allow people to participate in decision-making process in regard to important matters affecting their nation, and thus may contribute to terrorism. It is ironic for a â€Å"free† country to demand others to be just like them. Technological advancement has led to the change of business practices. The use of computers in the business premises has contributed to faster means of carrying out transactions, safer way of keeping records and saving time. This is particularly in retrieving important documents. Documents are accurately stored which prevents loss of important documents that are used for future decision making and auditing among other benefits (Brown 2008). On the other hand, adoption of e-commerce has also changed the current business practices. It has contributed to an easier way of reaching customers across the globe without travelling, thus increasing sales that in turn lead to increased profits. It is a confidential way of conducting business as communication is only between the buyer and the seller without the use of agents. It has both negative and positive effects towards individual nation-states. Use of modern technology contributes towards economic growth as it leads to increased government revenue through taxation. It has also led to unemployment as use of computers and e-commerce in businesses has replaced large numbers of casual laborers. Global treaties should be adhered to by a member state without any compromise. Industrialization has been the dream of every country but has also contributed towards environmental degradation. Many treaties have been signed such as the Kyoto agreement of December 1997 with the aim of controlling emissions released to the environment such as greenhouse gases. The effectiveness of such treaties and their implementation is solely achievable via unity among the developed countries such as the U.S, thus U.S should assume a cooperative role in such treaties. In most cases, the hero undergoes harsh situations in life which in turn makes their roles become unique and different from others. She believes that even in cruel, harsh societies, courage will rise.  In  order for her to fight fear, courage has to rise under any circumstance. Harsh and cruel societies make heroes to be more courageous, and thus this makes her believe that the courage will rise despite life challenges. For example, the late Nelson Madera from South Africa never allowed fear to dictate his actions despite the challenges he faced during the struggle for independence. The foreign exchange market is a decentralized global market dealing with trading of currencies (Michalowski 2011). The main active players in this market are the larger national banks. It assists international investments and trade through enabling currency conversion. For instance, it permits a business from a country as United States to import goods from another country such as European Union member states. Especially in Eurozone members, the U.S business pays in Euros even if its income is in United States Dollars. It also supports direct evaluation and speculation relative to the currencies’ value, and the carry trade. It also speculates differences in interest rates between two currencies. Different factors precipitate a currencys strength. Many economists think that the strength of a country’s economy determines the strength of its currency, but the question remains why the British pounds are stronger than US dollars yet their strength of their economy is otherwise. Firstly, low rates of inflation in a country increase the nations value of currency as well as purchasing power in relation to other currencies. Secondly, interest rates that are directly correlated as when one increases the other factor increase. Relative strength of other currencies obviously affects the exchange rate of a country’s currency in the foreign exchange market. Capital mobility which is classified under three main categories which include external debts, foreign direct investment and portfolio investment (Etwaroo et al. 2008). Political and economic factors used by investors when determining which countries to make investments that in turn strengthen the country’s currency. Other factors include speculation and balance of trade. Trade barriers refer to government-included restrictions on international trade. These trade barriers can take different forms such as tariffs, non-tariff barriers to trade such as export licenses, import licenses, import quotas, voluntary export restraints, currency devaluation and trade restriction (Cohen 2010). Trade barriers are criticized for their effect on the developing countries. Trade barriers like taxes on food imports or farm inputs subsidies lead to overproduction and dumping on world markets by developed countries, hence hurting poor-country farmers and lowering prices of goods. Tariffs also tend to be anti-poor, with high rates of labor-intensive processed goods and low rates for raw commodities. Another negative aspect related to trade barriers is that it would lead to limited choice of production thus forcing customers to accept inferior quality at higher prices. Almost all world countries have been experiencing strikes and labor unions revolts. Negotiations towards solving such problems have at times failed as different companies opt to find other alternatives rather than increasing salaries. The current wage rate in the United States and increased cost of living perhaps have been affecting production rate of different companies. If the prevailing wage rate and increasing cost of living continue, production rates continue to be pushed out which may affect the economic growth rate. As discussed above, different economic factors affect the strength of a country’s currency. Of late, European countries especially those in Euro zones have been experiencing political unrest, price fluctuations, inflation, loss of market, and increased cost of living among other economic upheavals. These challenges may cause the collapse of Euro. This may make the US dollar stronger compared to Euro if America avoids such economic crises and implement strategies of strengthening the currency. References Brown, R. (2008). Lasers, tools of modern technology. Garden City, N.Y.: Doubleday. Burke, C. S., Pierce, L. G., Salas, E. (2009). Understanding adaptability a prerequisite for effective performance within complex environments. Amsterdam: Elsevier JAI. Cohen, R. B., Ferguson, R. W. (2010). Nontariff barriers to high-technology trade. Boulder, Colo.: Westview Press. Michalowski, G. (2011). Attacking currency trends how to anticipate and trade big moves in the forex market. Hoboken, N.J.: Wiley. Source document

Matters Of National Interests And Security Politics Essay

Matters Of National Interests And Security Politics Essay In a very generic sense, national interests are that which is deemed by a particular state to be a . . . desirable goal. The attainment of this goal is something that the identifying state believes will have a positive impact on itself. Realization of the interest could enhance the political, economic, security, environmental, and/or moral well-being of a populace and the state or national enterprise to which they belong.  [2]  This holds true within the territory of the state, as well as in any external relations that the state may undertake outside of the administrative control of that state.  [3]   Interests serve as the foundation and guiding direction for the formulation of policy. For a nation-state, there is more often than not a direct correlation between the nations interests and foreign policy. In most cases, statesmen think and act in terms of interest.  [4]  Those interests believed to be the most significant for the attainment of a policy objective (the states wants and needs)  [5]  will earn the greatest amount of emphasis during the policy formulation process. They should be designed to tell the policymaker why and how much he should care about an issue. Interests help determine what kind and how much attention should be given to both challenges or threats and opportunities. They also assist the policymaker in identifying key issues during the policy formulation process. Some political scientists, like Hans Morgenthau, believe that national interests are permanent features of the international system. Regardless of what government is in power, the interests of a nation-state remain fixed components of the policymaking process. They are unaffected by the circumstances of time and place.  [6]   Morgenthau, himself, indicates that the key concept of interest is not to be defined with a meaning that is fixed once and for all.  [7]  Morgenthau believed the generic concept of interest was unchanging in terms of its importance to the international system. But this did not mean that individual interests could not be adjusted or newly created in order to take into account changes in the international system. Other theorists have argued that interests are likely to be a diverse, pluralistic set of subjective preferences that change periodically, both in response to the domestic political process itself and in response to shifts in the international environment. The national interest therefore is more likely to be what the policymakers say it is at any particular time.  [8]  The underlying three basic interests are:- Security: Protection of the people (both home and abroad), territory, and institutions of the State against potential foreign dangers.  [9]  This has always included defense of the homeland. Domestically, it also includes protection of critical infrastructure such as energy, banking and finance, telecommunications, transportation, water systems, and cyber networks.  [10]   Economic Well-Being: Promotion of international trade and investment, including protection of a States private economic interests in foreign countries.  [11]   Democratic Values: Until the 20th century, this core interest was confined to ensuring that the domestic democratic process and associated values framed the traditional tenets of life, liberty, and the pursuit of happiness. Some states may include the promotion of democracy and human rights abroad.  [12]   Just as the development of national interests is complex, so is the actual application of interests in the policy and strategy formulation process. The importance of national interests to the process is significant, as described by Lord Palmerston, the British foreign minister in 1856: When people ask me . . . for what is called a policy, the only answer is that we mean to do what may seem to be best, upon each occasion as it arises, making the interests of our country ones guiding principle.  [13]   The policy framer participating in the development of interests must take the following issues into account: How flexible can the interest of the moment be in relation to the states core interests of the period? Must the interest be based on either realism or morality, or rather; can it be some combination of the two? Where does the interest fit in terms of how it is to be categorized with what degree of intensity? Perhaps the most complicating factor that the policy framer must take into account will be the influence of domestic politics on the interest formulation process. The concept that resource allocation by type and quantity will be impacted by the identification of the interest designed to guide a policy creates a critical linkage between the two. The connection is key because, in a democracy, it is the government of a state actor that will have to sustain the investment of resources required to attain the interest. Interests with greater fidelity and less ambiguity are easier for governments and populations to support because they have a clearer idea of why it is they are being asked to do something, like allocate money or military forces.  [14]  At the same time, such a detailed understanding could lead to a lack of support on the part of either the government, the people, or parts thereof, if the interest is assessed to be too low on the scale of intensity. If they are to develop relevant and executable 21st century interests, a most important understanding for those participating in the interest development process must be that they are endowed with a degree of flexibility allowing them to discern the limits of domestic politics in terms of what types of interests are likely to be supportable. This must entail the provision of the maximum amount of data available for the development and resulting identification of the interests at hand. The greater the fidelity and degree of consensus on categorisation and level of intensity, the greater the possibility that the public will support actions to protect or advance the interest. DEFINITIONS At this juncture it would be worthwhile to look at some definitions, to get a complete perspective in to national interests,power and security. National interests The national interest, often referred to by the French term raison dÉtat, is a countrys goals and ambitions whether economic, military, or cultural. The notion is an important one in international relations where pursuit of the national interest is the foundation of the realist school. It has 5 major dimensions namely; Geo Political, Economic, Military, Socio-cultural, and Science Technology. National Interests therefore stem from the evolving National goals in each of these dimensions and is also a reflection of the relative National Strengths with regard to these dimensions. POWER In the context of international relations and diplomacy, power (sometimes clarified as international power, national power, or state power) is the ability of one state to influence or control other states. States with this ability are called powers, NATIONAL STRATEGY The art and science of developing, applying, and coordinating the instruments of national power (diplomatic, economic, military, and informational) to achieve objectives that contribute to national security. Also called national strategy or grand strategy. NATIONAL SECURITY 1. National security is the requirement to maintain the survival of the nation-state through the use of economic, military and political power and the exercise of diplomacy. 2. National security can be defined as a collective term encompassing both national defence and foreign relations.  [15]  In general, it is the study of the security problems faced by [actors], of the policies and programs by which these problems are addressed, and also of the government processes through which the policies and programs are decided upon and carried out.  [16]  It relates both externally and internally to the actor-the foreign and domestic components of national security. 3. In the context of USA it is a collective term encompassing both national defense and foreign relations of the United States. Specifically, the condition provided by: (a) a military or defense advantage over any foreign nation or group of nations; (b) a favorable foreign relations position; or (c) a defense posture capable of successfully resisting hostile or destructive action from within or without, overt or covert. 4. National security is thus a multi-dimensional view and response towards protecting National Interests against internal and external threats. It is dynamic and evolving as a derivative of National Interests which in itself is an evolving derivative of National Strength. It Underpins and guarantees the pursuit of National Objectives in a competing international arena. Further any issue that has the potential to directly impact the pursuit of National Goals can be classified as an area of National Interest, and it can thus be brought under the ambit of national security. ECONOMIC POWER Modern conflict, from conventional warfare to diplomatic disputes, has increasingly involved economics in some form. Nations use economic tools to pursue objectives, seek economic resources as national goals, or are affected by economic events that influence their national security. Both state and non-state actors use economic power to wage war and to influence events regionally or globally. Economic considerations range from simple access to resources like water or raw materials through transforming resources into finished products or services to providing financial resources. The ability to gather, transform, and use resources is a key component to national security. Many human activities, including those involving national security, can be either severely limited or dramatically enhanced by economic factors. Military operations and other national security actions frequently depend on the results of economic capability. Without the capacity to produce, finance, or support key natio nal security activities, a nation would have a limited ability to protect its domestic and international interests. Economic power has spread widely and gained importance in recent years. Globalisation, the reliance on economics, and the diffusion of economic power from a few industrial states to many developing ones has radically changed the world. Global economic success has also conferred power on a large group of sovereign governments and even corporations. The threat or actual action by a government, organization, or cartel can create enormous economic impact. Markets are extremely sensitive to news that would affect potential financial or economic activity. Oil prices can rise rapidly if tensions increase in the Persian Gulf or if a natural disaster occurs. Single events with little obvious international significance could ignite a sell off by investors in overseas and domestic stock markets. Global communications can spread panic and exacerbate the condition. The changing environment has altered the emphasis on national elements of power so that military power is not necessarily the primary coercive tool in international relations, and economic power has gained increased importance  [17]  . During the age of total war that spanned World Wars I and II, military power was the coin of the realm in foreign affairs. Economic power played a role in those wars, but the fight for national survival overrode the impact of domestic and international macroeconomic stability or growth. Economics served primarily as a provider of resources to the military element of power. In an era of increased consumer demand, technological growth, changes in society, and the evolving nature of conflict, the importance of economic considerations rose. During the Cold War, national survival was still at stake, but even then economic considerations became just as important as nuclear parity with the Soviet Union. President Dwight D. Eisenhower warned of military ex penditures impeding future economic growth the net result of which would degrade security for the nation. Nuclear sufficiency became acceptable rather than superiority with the associated costly numbers of intercontinental ballistic missiles, strategic bombers, and submarines. Guns versus butter questions also arose as the challenges of an undeclared Cold War against Moscow pitted social spending against defence resources. Today, economic issues play a pivotal role in conflict. Advanced technology, contractors on the battlefield, volunteer militaries (that tend to be more expensive than conscript armies), reconstruction of battle ravaged nations, and other considerations make war and conflict expensive. Countries do not have inexhaustible resources to conduct long wars even if there is a direct and desperate threat to national survival. Questions of national treasury, consumer demand, labour constraints, finance, and other economic considerations can sway public sentiment against a conflict. If one nation wages war or takes other actions to isolate another state, investors around the world become nervous. Stock and commodity markets could affect financial conditions and create unforeseen reactions. These reactions may create adverse conditions that could force a change in strategy by the nation trying to influence a rivals behavior  [18]  . As economic issues affect national security capabilities and activities, so might efforts that involve national security create global economic impacts. War or political disruption in an oil producing region will initiate tremors in the international energy sector. Although a nation might not be directly affected by the initial problem, the populace can suffer from increased prices from petroleum products that could result in greater unemployment, inflation, credit issues, and foreign exchange problems. Demands for added military expenditures could translate to increased taxes that discourage consumer spending and business investment or reductions in other governmental activities that can directly shape the economic landscape. Competition for limited resources to meet national security policy objectives could also hamper private or other governmental activities. Nations can increase borrowing, raise taxes, spend surpluses, confiscate resources, or monetize debt. All of these options have unique economic effects on a nation. Economics is an element of national power. Normally, one of a nations key national interests is maintaining a viable economy to ensure a certain standard of living for its citizenry. States can use economic power to deter, compel, coerce, fight, and even rebuild a former opponent to meet a particular need. Economics becomes a vital component of the ends, ways, and means of security. Perhaps uniquely among the traditional elements of national power, economics might be any of the three aspects of strategy-the objective of a nations strategy might be economic; economics might provide the means to achieve the end; or a nation might pursue its ends using economics as the primary way to exert power. Whether economics is a way or a means to achieve a national interest or if it is a cause or motivation to take an action, national leaders must pay attention to this increasingly significant security factor. ECONOMICS AND NATIONAL INTEREST States and non-state actors have historically fought over economic issues. Wars about open access to resources, trade routes, competition, profit, and other economic issues are common in military and diplomatic history. A keen competition for resources among governments, individuals, corporations, and other actors has created a complex web of economic dependencies and rivalries that was not as important in the past. Similarly, economic conditions can create an environment that fosters demands for change that could create a civil war, a fight for access to markets or resources, or other forms of economic competition. Countries with weak or failing economies may resort to actions that they might not have considered had their economies been stronger. One specific area which deserves a brief discussion is oil as a cause or objective of war. Reliable access to oil at reasonable rates is a vital national security interest for every developed and many of the more developing nations. Governments or international organizations that control oil production or pricing can effectively disrupt global economic conditions-whether purposefully or accidentally. A monopoly or oligopoly that controls a strategic asset, capability, or raw material has great potential to disrupt economies and create political instability, although few commodities have the same potential impact as oil. Major perceived or actual disruptions in the oil market are serious events that easily can trigger hostile responses from concerned governments. Today, oil is the best example of a resource that is both scarce and vital; however, other resources like water are also likely sources of conflict. We can expect economic issues-particularly access to raw materials and resou rces-to remain one of the significant objectives of international relations and causes of conflict. Economic intervention in or withdrawal from the economy of a foreign nation-as opposed to supporting its debt-can have tremendous impact on the financial well being of a region or country. Governments do not usually participate directly in the economy of another nation. However, direct participation in the economy of another nation through private companies is widespread. Depending on the business and political climate of firms home state, such participation may provide some degree of power for that home state  [19]  . Regardless of the degree of external governmental control, decisions by private firms and multinational corporations to invest or do business in a country can influence national policies. Such decisions are independent and can be contrary to a host nations interests. In an age of globalized financial markets, almost any corporation, organization, or individual can transfer capital into a country or take it out. This transfer generally can occur by using national or international stock, bond, commodity markets, or through direct investment into business ventures. Rapid inflow of capital can provide a needed boast to growth while rapid outflow can sink a nation into recession. Governments can use their economic power through other means. For example, rather than lending money by bond purchases, they can provide direct support to another nation through a variety of programs that essentially provide money or services. Foreign aid, loan guarantees, technical aid and services, and other assistance can provide a number of flexible tools to support national interests. The transfer of wealth from developed to developing countries that sell raw materials or manufacture low-cost products can create economic problems. Governments worried about the outflow of capital, goods, services, industries, and jobs might erect barriers to restrict or stop trade. Such actions rarely go unchallenged, and a counter tariff barrier or legal challenge is a likely response. Conversely, governments willing to accept what are hopefully temporary trade imbalances for potential future benefits may allow the transfer of wealth and even industries and jobs to continue. Such is the political and economic theory behind the whole free trade movement-the North Atlantic Free Trade Agreement (NAFTA) being a visible example. Transfer of key technologies, processes, equipment, or skills can also enable foreign governments and private firms-granting in some cases access to capabilities that would have taken years and many resources to acquire independently. Economic power normally involves the trade of finished goods or raw materials. Few countries can claim to produce all of the goods and services that their citizens use. Many nations require energy imports to subsist. Conversely, nations that may have oil, natural gas, or other energy sources might need food imports or other foreign services like skilled labour. Nations can work within international trade agreements, or they may take unilateral action to expand or restrict trade. A country might try to limit trade to hurt a rival. Economic power could also prevent or limit actions taken by a rival. Suppose a country requires a scarce raw material. If an adversary has sufficient funds, influence, or credit, it could purchase and withhold that raw material from its foe. The nation could also coerce sellers to prevent sale of that raw material to the opponent. States could put pressure indirectly on an opponents allies to force a nation to take certain actions. After the 1973 Yom Kippur War, Arab oil-producing countries refused to sell oil to the United States and other nations that supported Israel. This embargo boosted oil prices and shifted international power from the developed nations to ones that relied primarily on oil extraction. Political and economic power was redistributed when these actions were combined with the nationalization of private, foreign-owned petroleum companies in these oil exporting nations.  [20]   THE PRIVATE SECTOR AS A STRATEGIC TOOL Although not generally controlled by governments, disregarding currency manipulations designed to offset them, commercial balance of payments are another form of debt that can have foreign policy implications. Fears of a pending financial disaster could cause lenders to pull capital out of the market and further exacerbate the situation. Unfortunately, globalized communications can now spread fears among global investors almost instantaneously. The result is that economic issues that might have been localized events only decades ago can now turn into global issues. Additionally, since private investors may act contrary to government desires, governmental and even international efforts to stem economic crises may be ineffective. Some nations fear excessive foreign investment due to a perceived influence or concern over precipitous withdrawal; others accept the risk and welcome foreign investment as a reasonably available source of funds. Although some nations find these actions helpful, critics argue that this capability can also be used to stifle competition, protect national interests, or create geopolitical troublemaking.  [21]  Foreign funds do provide a needed economic boast, but t hey can also disappear quickly should confidence fail Multinational corporations and firms typically have the resources and ability to get access to once closed markets. Governments might offer subsidies or grant special benefits to attract business to their country. Once established, the multinational corporation could exert a powerful influence on the government since its affairs affect the nations economy. Similarly, in highly contested markets, a multinational corporation could offer restricted technologies, move production of key subcomponents, offer bribes, expand production beyond the initial plan, or provide other incentives to gain access to the market. Companies can lobby their home countrys government (assuming it favours the move into the other nations market) for help lifting trade restrictions or access to technology or influencing the host nations foreign policy. In the most basic sense, economic power is an entitys ability to acquire, produce, and use raw materials, goods, and services. A nation cannot engage in conflict over an extended period without an adjustment to its economy. In many cases, countries must devote goods or services to prepare for or fight a war or even to conduct other activities that affect the national interest. Humanitarian aid, defence expenditures, diplomacy, alliance membership, and other vital actions depend on a countrys ability to raise and spend tax revenues, borrow funds, use surpluses, or finance these measures. Economic power allows players to conduct actions by providing the personnel, equipment, operating materials, infrastructure, and short or long term sustainment of that capability Governments purchase commodities and equipment like a business, obtain labour (military, government civilian, and contractor), maintain physical infrastructure, conduct research and development, and in some cases also produce unique goods and services peculiar to national security. Resource decisions mold the creation of force structure to include investments in weapons, recruitment and retention of military and civilian personnel, decisions to fund military or non-military government programs, and a host of other concerns that affect national security policy. Further, economic conditions, once the exclusive concern of financial institutions, investors, and businesses, now affect military decisions that range from recruitment to government borrowing that directly influences a powers ability to provide military capability. Arms sales, transfers of key military technologies or technologies related to weapons of mass destruction, contracting for goods and services by individuals and firms, and other economic activities can influence the national security environment. Nations that have sufficient resources can upgrade their military forces with more and better capabilities. Military forces that lack personnel or equipment could rely on contracted services or purchase advanced weaponry from other nations. If the state has limited forces, it can change the composition of its military forces by hiring specialized services that would have taken years to develop or that they only need for a limited time. Contractors on the battlefield are not new phenomena. The U.S. Government has used contractors in several wars. Other nations have hired military pilots and aircraft, logistics, and combat forces to expand and enhance their limited capabilities. Today, governments can lease satellite communications, photographic imagery, multi-spectral analysis, and navigational systems that were once the province of superpowers that had exclusive use of space systems. Individuals, firms, and governments can use these functions-for a price. This capability can change a balance of power at critical times during a conflict. Oil profits have allowed the Russian government to finance a larger military budget that has given Moscow the ability to build a new intercontinental ballistic missile, aircraft, and other weapons to revitalize its national security and foreign policies. Other countries, like Iran and Venezuela, also fuel their defense and security programs by oil sales. Nations building advanced technology consumer goods like information systems could use similar technologies to improve their military forces. While national leaders consider and adapt economics as an element of national power, these same leaders are also affected by economic events that may limit their policies options. Economic considerations can have very influential impacts on the conduct of military operations and diplomatic actions. Globalisation has allowed nations to conduct business with allies, former enemies, and potential rivals. New relationships between citizens and governments that highlight cost reductions, profits, and long range business activities can impact national security measures in a host of ways. Current economic conditions also have a large impact on military operations. Inflation contributes to reduced purchasing power by a government. This includes activities from purchasing fuel, paying for contracted work, demands for greater pay for military and civilian workers, and other acquisition activities  [22]  . Similarly, a recession-a sustained downturn in economic activities-reduces tax revenues and encourages moves by politicians to stimulate the economy or support the unemployed or struggling citizens. These policies can significantly reduce the amount of defence spending for a nation. However, some of these conditions might provide relief to the government. Unemployment may ease recruitment and retention problems in the military. Increased competition for fewer government contracts might reduce the cost of operations. Tools to fight economic problems may also create unforeseen issues. A central bank could raise or lower interest rates. These actions can affect the ava ilability of investors to purchase government debt and the cost of borrowing for contractors to build the latest fighter aircraft. OTHER ECONOMIC SECURITY CONSIDERATIONS Expanding trade can provide several benefits to nations. It can create better efficiencies in production by seeking the lowest cost, most effective producers. This situation could lead to greater economic growth and improved standards of living around the world. However, not all nations find an economic niche that allows economic growth. Cheaper outsourced services and imported goods may destroy domestic industries. Large numbers of unemployed workers could create domestic problems for a government. Further, reliance on foreign imports could impoverish the state and complicate its financial and credit situation. If nations rely on foreign goods, then any problem that hinders trade could cause issues globally. A natural disaster, potential conflict, trade dispute, or other problem could restrict the flow of needed products. ECONOMICS AND FUTURE NATIONAL SECURITY ISSUES In the future, security conflict among nations may change from predominately military contests to ones primarily featuring other elements of national power. That option is also open to non-state a

Intelligent Memory Essay -- Exploratory Essays Research Papers

Intelligent Memory Professor’s comment: Not only does this research paper reflect an obvious understanding of the complexities of the technology under review, it does so in remarkably clear prose. The student obviously took to heart one of the central tenets of my course, that technical material aimed at a technical audience can be clearly written. Abstract The growing processor-memory performance gap creates a bottleneck in the system; the memory system cannot supply enough data to keep the processor busy. Before this bottleneck is resolved, faster processors can do little to improve the overall system performance. Intelligent memory is a new memory/system architecture that aims to resolve this bottleneck. There are four intelligent memory models with published results: Active Pages, CRAM, PPRAM, and IRAM. Despite their architectural differences, they all agree to put processing elements physically closer to the memory, lifting the bottleneck by increasing processor-memory data bandwidth. Initial studies of these four models have shown promising results. However, in order for these academic ideas to become a reality, intelligent memory researchers must study how their models can be cost-effectively integrated into commercial computer systems. Introduction Microprocessor and DRAM (Dynamic Random Access Memory) technology are headed in different directions: the former increases in speed while the latter increases in capacity. This technological difference has led to what is known as the Processor-Memory Performance Gap. This performance gap, which is growing at about 50% per year, creates a serious bottleneck to the overall system performance [Pat97]. The problem boils dow... ...rakis C.; Romer C.; Wang H.; â€Å"Evaluation of Existing Architectures in IRAM Systems,† Workshop on Mixing Logic and DRAM: Chips that Compute and Remember at ISCA ’97, Denver, CO, 1, June 1997. Elliott D.; â€Å"Computational Ram: A Memory-SIMD Hybrid and its Application to DSP,† The Proceedings of the Custom Integrated Circuits Conference, Boston, MA, 3, May 1992. Elliott D.; â€Å"Computational RAM,† http://www.eecg.toronto.edu/~dunc/cram Murakami, K.; Inoue, K.; and Miyajima, H.; â€Å"Parallel Processing RAM (PPRAM) (in English),† Japan-Germany Forum on Information Technology, Nov. 1997. Oskin M.; Chong F.; Sherwood T.; â€Å"Active Pages: A Comutation Model for Intelligent Memory,† International Symposium on Computer Architecture, Barcelona, 1998. Patterson, D.; Anderson T.; Cardwell N.; Fromm R., et al; â€Å"A Case for Intelligent DRAM: IRAM,† IEEE Micro, April 1997.

Role of Women in Arthur Millers Death of a Salesman Essays -- Death

Role of Women in Arthur Miller's Death of a Salesman      Death of a Salesman is of course about a salesman, but it is also about the American dream of success. Somewhere in between the narrowest topic, the death of a salesman, and the largest topic, the examination of American values, is Miller's picture of the American family. This paper will chiefly study one member of the family, Willy's wife, Linda Loman, but before examining Miller's depiction of her, it will look at Miller's depiction of other women in the play in order to make clear Linda's distinctive traits. We will see that although her role in society is extremely limited, she is an admirable figure, fulfilling the roles of wife and mother with remarkable intelligence. Linda is the only woman who is on stage much of the time, but there are several other women in the play: "the Woman" (the unnamed woman in Willy's hotel room), Miss Forsythe and her friend Letta (the two women who join the brothers in the restaurant), Jenny (Charley's secretary), the various women that the brothers talk about, and the voices of Howard's daughter and wife. We also hear a little about Willy's mother. We will look first at the least important, but not utterly unimportant, of these, the voices of according t... ...n French. Deland, Florida: Everett/Edwards, 1969. 273-83. Koon, Helene Wickham, ed. Twentieth Century Interpretations of Death of a Salesman. Englewood Cliffs, New Jersey: Prentice, 1983. Miller, Arthur. Death of a Salesman. Literature. Ed. Sylvan Bates New York: Longman, 1997. 1163-1231. Parker, Brian. "Point of View in Arthur Miller's Death of a Salesman." University of Toronto Quarterly 35 (1966): 144-47. Rpt. in Koon. 41-55 Stanton, Kay. "Women and the American Dream of Death of a Salesman." Feminist Readings of American Drama. Ed. Judith Schlueter. Rutherford, New Jersey: Fairleigh Dickinson UP, 1989. 67-102.

William Edward Forster Essay -- Education Act of 1870, England

Section A – Plan of Investigation I will analyze the question of â€Å"How did William Edward Forster contribute to the Education Act of 1870 in England?† How he contributed to the act and what changes he did within the act will show how the act became a new advantage in England for the middle-working class. A speech made by William Edward Forster about the Education Act and a memorandum of October 21, 1869 will be used to discuss his contribution and all the provisions made to the act. The book The Elementary Education Act 1870 by Thomas Preston can be great help because it focuses on the Education Act only. For this question, it is best to start by researching about W.E. Forster and the Education Act of 1870 itself. The contribution of W.E. Forster to the act benefited a lot of families and children themselves because they could get an education for free. Section B – Summary of Evidence William Edward Forster drafted the Education Act of 1870 after the government decided to educate the citizens of the country and because England feared that they lacked an effective education system (Docstoc-documents). This act was also known as the Elementary Education Act and it was a culmination of a long struggle (thirty years) to establish an effective and nationwide education schooling system for children ages 5 to 12 (Looking at History). Jackson wrote, â€Å"Forster did not go to school until he was thirteen, he was taught by his mother† (16) could be the reason why he started the Education Act. Therefore W.E. Forster contributed in creating school boards for England, and the country would be divided into about 2,500 school districts (Spartacus Educational). Like W.E. Forster stated in his speech, there are two primary objects in this bill t... ...Brown who loves to talk about history because it interests him and because he likes discussing the political issues in the world. The purpose of the webpage is to inform about The Education Act 1870: revised version. The website was very helpful because it gave a handful of information about the act and it especially talks about the working-class in England. It also gives a great understanding of the requirements of the act and how the working-class benefits from it. The webpage was worth it because it gave many different facts about the Education Act and it also helped a lot while doing research. There could possibly be some limitations to this source because it was written about 140 years later. The good thing is that the source was never bias at any point, it just gave all the different facts and never focused specifically on one thing with one point of view.

Ethical Issues with the Software Piracy Issue

Computer ethics deals with moral responsibility of what is wrong and right. Based on ? Importance of Computer Ethics and Software Piracy? article, software piracy is copying, distributing, and using software or games without paying. Software Piracy is a form of ethical issue that is hard to solve in society, especially among students of Faculty of Computer Science University of Indonesia. Based on writer observation in campus, students are still using pirated software, including using, duplicating, and distributing it to their friends.This attitude of course violates developer’s intellectual property. The article also mentions about intellectual property and penalties for those who violate computer ethics laws. Intellectual property is including images, patents, procedures, videos, audios, and drawings. For those who violate someone’s intellectual property will be given penalties—paying hefty fines to extensive prison time. But even so, it seems the penalties are still blurring for students. Nowadays, information technology has widely grow and used by human.Computer technology, both hardware and software has been widely approved as an intellectual property. The fast growth of technology innovation, especially software, is open for public and can be easily accessed by public via internet. It is the same for software piracy. Serial key, hack-version, and more other ways are easily accessible and widely available. Based on ? Ethical Issues in Software Piracy? article, someone should have a moral responsibility in using software. So, from internal-self of user should be aware of someone’s intellectual property.W. D. Ross stated ? The Right and the Good? as our guideline to prove our moral responsibility toward software and/or its developer. Software piracy would cause loss of revenue for the developer. Thus, it will decrease developer’s motivation in designing new software. Impacts of software piracy explained above are mostly occ urred because of human and economic factor. Based on the article, software piracy occurred mostly in developing-countries; because of their low economics (from GDP per capita), they find it harder to purchase software.Indonesia is one of developing-countries, so it can be concluded roughly that Indonesian people hard to pay for software. In smaller scale, Indonesian social levels have a representative number of users in technology. Social level is about divided in three level; low, medium, and high class. In Faculty of Computers and Society, students also varied in social level or economic level. Some students have Iphone, Windows Phone, or tablets, but some don’t. In general, there is no difference among those levels. Every student is using technology. But in majority, students didn’t put much attention toward software piracy issues.Those who have laptops may prefer using unlicensed operating system than using open source operating system. It is a form of software pir acy—using without paying. In addition, current status of our community is still far from the word ? ethical?. We have not appreciating others’ property as well as we did to ourselves yet. The rule in ? Kode Etik Mahasiswa Fasilkom? , point two stated ? †¦including appreciates intellectual property?. Students of Faculty of Computer Science already know about this rule. In fact, it’s not the same as in the implementation, ignorance being a common habit.Ignorance regarding unlicensed software caused software piracy. Majority tend to have neither attention nor self-control in using unlicensed software. Some may didn’t know that it is unethical. But some maybe already know that what he/she doing is wrong, but even so he/she is still doing it just because everybody—community—is doing it. Our community is affecting us. A student may be an example for his/her friends or his/her community. He/she may use unlicensed software that is followed by o thers. This ignorance habit can damage our own personal ethical which embedded in our heart.Furthermore, we start believing that our wrong-doing is right. In analyzing software piracy, writer think students should have an awareness and moral responsibility. A developer of software may not know that his/her intellectual property was just being used irresponsibly. Student of Faculty of Computer Science should have known how hard it is to make software. They should have aware how long time needed, how many resources sacrificed by the developer to develop software. In student’s point of view, they need it but they don’t want to give more when people are not giving anything.For example, an antivirus should be bought for some prices, but some students found that there is a forever-renew-trial of the antivirus, so that they don’t have to pay. Along with economic principle, ? with less effort, can gain more? , we don’t want to sacrifice more than others. It becam e a serious problem. As a conclusion, how to overcome this issue? It is a professional standard, based on the article; Association for Computing Machinery (ACM) stated that any person who wants to join the ACM should accept ? Code of Ethics and Professional Conduct? which covers the ethical issues surrounding oftware piracy. Writer think we can do as ACM do. Article entitled ? The Rules? also stated that computer artifact—both software and hardware—has rules for both its developer and user, so that they will have morally ethical in developing or using software. It has seven rules which allow and avoid both developer and user to do something about the computer artifact. These rules should be well-applied as a solution for software piracy issue. In the top of those solutions, human factor is the main factor that we should pay more attention. References: 1. K. W.Miller, Moral Responsibility for Computing Artifacts: ? The Rules?. Illinois: IEEE, 2011. 2. Unknown. (2011). K ode Etik Mahasiswa Fakultas Ilmu Komputer Universitas Indonesia [Online]. Available: http://scele. cs. ui. ac. id/file. php/1434/Kode_Etik_Mhsw_Fasilkom. pdf 3. Thurlow, Max. Ethical Issue in Software Piracy [Online]. Available: http://www. ehow. com/list_6669954_ethical-issues-software-piracy. html 4. Boone, Kevin, Importance of Computer Ethics and Software Piracy [Online]. Available: http://www. ehow. com/facts_5766300_importance-computer-ethics-software-piracy. html