The Importance of Service Industries in Economic Growth

The pursuit of service economy, which dictates the specialization in the service industries, is one of the newest economic concepts that ensure the realization of the economic growth. The adoption of this form of economy will allow countries to transform the dimensions of their economic standards in a positive way.Advertising We will write a custom essay sample on The Importance of Service Industries in Economic Growth specifically for you for only $16.05 $11/page Learn More In this regard, countries would need to develop more service industries rather than manufacturing industries due to flexibility in the international trade. Similarly, the concept of service economy incorporates the need for improvement of services and product provision. Based on these factors, service industries should mainly focus on financial services, health, education, tourism, and distribution (Nissan et al. 2011, p.76). The degree of mobility of these services is high, and they can be cheaply transferred from one location to another. Additionally, geographical factors do not hinder the performance of these services. As a result, industries should focus on service delivery to their customers, which increases their market share and profitability. The needs that underlie the urge to adopt service economy are numerous and appropriate for any economy. Initially, the development of service economy makes the innovation of other forms of economy achievable. In this regard, a service economy allows the efficient conduct of business operations. This form of economy embraces both the service development and role of technology in the struggle for economic development. It seeks to give value to the need for capitalism, as well as technological innovation to enhance the economic growth of a country (Nissan et al. 2011, p.62). As a result, firms will be able to undertake foreign direct investments with ease facilitating globalization. This will lead to the increase in t he industries’ production while realizing maximum benefits to boosts their investment levels. With the adoption of globalization, the service economy would gain maximum benefits from the increased Gross National Product of the country. This will improve the level of the quality of the services rendered to consumers in addition to high quantities. With this concept, foreign investment will be possible with flexibility in operation. Since the multinational firms have a large capital base, they would be able to conduct businesses in their country of choice (Graz 2010, p.158). Furthermore, the mobility of the factors of production will be improved due to the lack of restrictions in various countries. In this regard, firms will boost their levels of investment and earn the benefits attributed to the international trade.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Therefore, the produc tion level will be high, with new products and services delivered to the market. For the developing countries, they will benefit from technical expertise that will guide them to industrialization (Apte et al. 2008, p. 19). The importance of service industries in the economy is that they contribute significantly to the domestic and global economy. Based on various research reports, 70 percent of the GDP in most countries result from service industries. In this regard, the developing countries benefit from the service economy since most of their citizens will acquire employment. This usually results from the economic integration of countries which exploit the competitive advantage principle. In addition, apart from the benefits of the service economy, manufacturing and agriculture contribute to countries’ growth (Asandului 2006, p. 2). Product companies that offer services to consumers promote the value attached to the product business. Despite the fact that the service margins are lucrative compared to those of the product companies, it is essential to invest in the product companies (Auguste et al. 2006, p. 2). The product companies play a crucial role in enhancing the service market since they are the building blocks of this mechanism. Examples of such product companies include electric plants, computer industries, and automobile industries. With the presence of such products, there is an efficient operation of the service market. Additionally, the product industries may adopt effective services in their operations, which provides them with a humble chance to expand their market share and profitability. This is related to the improvement of various business segments in firms by adopting new technology and processes that boost production and product delivery to consumers. With the high standards of marketing, the firms’ products will make voluminous sales and serve the interests of consumers. As a result, the firms will grow and expand their inve stment opportunities across the globe.Advertising We will write a custom essay sample on The Importance of Service Industries in Economic Growth specifically for you for only $16.05 $11/page Learn More Service industries are renowned for increasing the employment opportunities in a country. Through the focus on the foreign direct investments undertaken by multinational firms, the locals benefit from increased job opportunities. Additionally, the emphasis on globalization by the service economy demonstrates the need to adopt international standards (McManus 2009, p. 16). In this regard, citizens of all countries benefit on a similar scale resulting in equity of the standards of living. Based on surveys, service industries have played a crucial role in the growth of opportunities, especially in financial services, technology, energy and other utilities. Due to the international growth in the software service industries, a majority of other services have a dvanced leading to the growth of markets and provision of opportunities to skilled workforce. The analysis of the benefits presented above which are anticipated in the service economy necessitates the evaluation of the service economy impacts on the market. At the core of the service technology, capital has been the major factor in the realization of economic growth. With this notion, the main providers of finance have undergone transformation to exhibit the needs of the service economy. This has resulted in increased productivity and the availability of products and services. Consequently, prices and costs have been considerably reduced leading to the improvement of quality, variety, and flexibility in the financial market (Rae 2010, p. 1). Similarly, due to the globalization, the free flow of the factors of production facilitated by the international trade has placed the service economy on a high platform. As a result, there have been minimal interruptions in the conduct of the in ternational trade with consideration of the international standards. With the changes that have occurred in the market, financial services have been consistent in evolution to meet the dynamism of the service economy. The consideration of the regulatory bodies based on the international standards has led to the institutions increased productivity (McManus 2009, p. 19). s a result, costs have declined with the services becoming affordable. Similarly, the regulation policies have been favorable and conducive for market conduct. This has led to the increase in the general growth of the international capital mobility promoting the development of poor countries.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The network based content services have adopted regulation in the service economy. The critical content services benefits developed relate to policy frameworks, regulatory structures, and public programs. With this concept, the conduct of the service economy has been in consideration to all the participants. Thus, every member feels appreciated without exploitation or humiliation in the exercise. With the advancement of the service economy over time, there are challenges that countries would have to adopt to fit to the trend. Considering the need for specialized personnel, it is essential to equip future managers with knowledge and skills in their specialties. These personnel will be able to work under any pressure and meet the consumer or employer’s expectations. As a result, productivity will improve while the operation costs will decline even in complex process undertaken by the players. Meanwhile, the costs of production would pose a challenge since the need for foreign d irect investment would be costly, but with high chances of deriving high returns (Riedl 2010, p. 759). In this regard, the multinational firms would have to streamline their operations to ensure that the investment costs do not outweigh the returns. Additionally, the trend of the liberalization of the international trade over the service industries would demand countries to critically consider the matters of security within their borders. Concerning the stakeholders in the service industry, dissemination of information would create competitive grounds resulting in challenges in the course of investment. Based on the benefits derived from adopting the service economy, it is essential for countries to consider the benefits that they will receive and structure their economies accordingly. This is based on the value attached to the service economy in facilitating economic growth. Similarly, a country’s infrastructure will improve, as the international standards will be observed. For the Foreign direct investments, the conduct of the international trade would be convenient and flexible based on their working policies. Similarly, they will offer employment opportunities to the country’s citizens considering the international standards. From these facts, the service economy guarantees a liberal economy that stimulates industrialization and the growth of service industries. In this regard, it will boost the growth in technology to enhance service delivery. This economy simply provides for the ultimate needs of producers and consumers. References Apte, U., Karmarkar, U., Nath, H. K. 2008, ‘Information Services in the U.S. Economy: Value, Jobs, and Management Implications’, California management review, vol. 3 no. 50, pp. 12-30. Asandului, L. 2006, ‘The New Service Economy and Its Implications for Statistics by Laura Asandului: SSRN’, Going to search. Web. Auguste M, Lee, M Patrick P 2006, ‘Service economy’. Economy Watch. Web. Graz, J. 2010, ‘ Informal Institutions and Global Inequalities in the Service Industry’, Peace Review, vol. 20 no. 1, pp. 90-398. McManus 2009, ‘The service economy’. Management Services, vol. 53 no. 2, pp. 16-20. Nissan, E., Galindo, M., Mendez, M 2011, ‘Tthe Future of Services in a Globalized Economy’, The Services Industries Journal, vol. 31 no. 1, pp. 59-78. Rae, J 2010, ‘The Netherlands’ Drive to Build a Service Economy – Business Week’, Businessweek – Business News, Stock Market Financial Advice. Web. Riedl, A 2010,’ Location factors of FDI and the growing service economy’, Economics of Transition, vol. 18 no. 4, pp. 741-761. 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Politics and me essays

Politics and me essays Politics are the controlling unit in a society. Government controls the details of life in a society by acting as the control for chaos. One cannot go day to day without being effected by their system of government. The presence of politics is not always obvious to those it affects, but everything one interacts with is affected by politics. Politics can be found as one is driving their car or sitting at home watching television. A simple way to notice politics is to realize it is in your life at all times. The first time I was introduced to politics was when I started playing for Dixie League baseball. In the beginning of the season I viewed my first form of government. The coach was the dictator of the team and we were the followers. He controlled everything form the time we practiced to the position everyone played. We obeyed what he said and he had full control and direction. One had to show the coach if he was worthy to play the desired position. I learned at this time that, though a dictatorship can be effective, this form of government had many flaws. We succeeded as a team, but many times the coach would choose a player based on his personal opinion rather than the one best for the position. The team had one girl and she was outstanding at first base, but the coach often placed her in a position that was seldom active. At this time I realized that a dictatorship was reliant on one persons personal discretion. I followed this form of government for many years due t o my desire to play the game I loved. Upon looking back this experience taught me to look deeper into my own beliefs. Later in life I found politics in the school system. The schools I attended would often run elections for various positions in student government and for other prestigious tittles. In these elections nominated students would be placed on a ballot for the other students to vote on. In student government pos ...

Genealogical Historical Documents at Footnote

Genealogical Historical Documents at Footnote The Bottom Line Important historic documents from the U.S. National Archives are now making their way online due to an agreement with Footnote.com. Digitized copies of documents such as Revolutionary War pension records and Civil War service records can be viewed and even annotated through what is possibly the best image viewer Ive seen on the Web. You can also create free personal story pages to track your research or share your documents and photos. Search results are also free, although youll have to subscribe to view, print and save most of the actual document images. In my opinion, Footnote.com is a bargain for the money. Pros One of the best image viewers Ive seen for accessing images onlineOffers access to millions of historic documents previously unavailable onlineThe ability to annotate and/or add comments to any individual document page7-day free trial available Cons Requires the lastest version of Flash. In some cases, the site wont even load without it.No soundex search. Some advanced search features are available, but not obvious.No FAQ or easy answers to support questions such as the Flash issue.Many document series are still in progress Description Over 5 million images of historical American documents and photos from the 17th, 18th, 19th and 20th centuries.Records include: Revolutionary Civil War pension service records, state naturalization records and case files of the FBI.Annotate, comment, print and save digital document images.Story pages allow you to create a simple Web page with point and click editing.Upload and post your own historical documents for free.Under the nonexclusive agreement, Footnotes images will be available on the National Archives Web site after five years. Guide Review - Footnote.com Footnote.com allows you to search and view over 5 million digitized documents and photos from American history. Members can view, save and print the documents they find. A nifty feature allows you to highlight a name, place or date and add an annotation. Comments can also be added to post corrections or add additional information for anyone else who views the same image. The image viewer works as quickly and seamlessly as any Ive seen, and the jpeg images are of very high quality. Since many of the titles are in progress, I recommend that you use the Browse by Title feature to view the full description of the each document series, as it includes a nice completion status feature. Titles and documents are being added quickly and regularly, however. If you have a problem with the site loading slowly, be sure you have downloaded the latest version of Flash player for your browser. This usually fixes many such problems. Simple search is just that - simple. You enter search terms and then choose whether to search across all documents, or within a specific document set, such as PA Western Naturalizations. There is presently no soundex search, but you can narrow the search by document type, such as across all naturalization records, or within a particular title (first browse to the document subset you wish to search, and then enter your search terms). Advanced search hints can be accessed by clicking on the ? next to search. Footnote.com has the framework in place to be one of the most flexible and user-friendly sites on the Web for American genealogists. Once they add more records (and there are many in the works), upgrade the search feature, and do some tweaking, it has the potential to be a 5 star site. Despite being a newcomer to the world of digitized historic documents, Footnote has definitely risen the bar.

Undecided Essay Example | Topics and Well Written Essays - 1250 words - 2

Undecided - Essay Example Sethe forcefully made a decision that would haunt her forever, to kill a life which had grown inside of her. Just because it was what she had to do. The sister of Vladek did the same thing in MAUS. She not only killed herself but also her three children to save them from a pain that death could not compare with and to save them from a life that would offer them only suffering and pain without any hope. The Holocaust is all about speaking about all the unspeakable things that happens in our lives but difficult to accept. The death suicide of wife, the struggle to stay alive while your family and friends die around you feet and the guilt of having survived was such things of Vladek's life. The pain of what Sethe went through is quite similar. She never gets to Beloved to tell her that what she did was right. She had a fear to loose Beloved. This fear was due to the fact that the unspeakable would never have been spoken. Art was the Beloved of Vladek. Art no doubt was the reminder of Richieu, Anja and of everything that he loved in this world. This is what made him speak the unspeakable thing. ... The entire family of Vladek was burned by the Nazis. He did what all was possible for him to save himself and the one that he loved. At the end of Volume I, Art has been begging Vladek to let him see the diary of his mother from the war. Vladek has not only thrown them away but burned them with the memories of Anja, Art's mother. Art walks away from Vladek's house thinking that Vladek is a "Murderer..". But on the other hand, if he had kept the diaries then he would have preserved the pain inside him. This was his way of dealing with the pain he had in his heart. In a scene in MAUS Volume II, Vladek don't find any harm in destroying a fly with pesticide and he knows that people were killed in Auschwitz with a pesticide gas, Zyclon B. but still, he thinks of destroying a bug this way without any hesitation. Again in the second volume, Art, his wife Francoise, and Vladek were driving home from the supermarket. Art's wife has decided to pick up a hitchiker, which happened to be black. V ladek lost it and claims that all colored people steal. Despite of being a survivor, he would have remained a victim of the Holocaust. The story is factual and a true portrayal of a life constantly in struggle. He fought to save himself from a pain worse than death. This was the pain of losing the wish to live. Vladek survived as a lonely old man. This makes this book really unique and memorable. It shows a vision of the

Human Resource Management Skills Essay Example | Topics and Well Written Essays - 2000 words

Human Resource Management Skills - Essay Example Human resource management is a vital part of any organization. To be more effective, a human resource team needs to be experts in a number of important sections in an organization. That is, the HR department is responsible for diverse aspects of each employees career, starting with recruitment to hiring to various sections of their job while employed in a particular organization. An effective human resource department effectively executes the policies and procedures and thus ensuring that the employees in an organization are properly motivated. The study is going to view various skills and techniques that one will need to effectively lead the human resource department in an organization. In my research, I prefer that the operation of the human resource department be conducted in one central point to ensure that there is proper coordination of activities from one functional level to another (Martin, 2009). Despite the fact that human resource functions are broad, the management will e nsure that it adequately delegates duties and responsibilities to ensure that the department meets its set goals within the periods. In this study, I am going to major on various aspects in human resource department. For instance, the study will have to capture on the merits of carrying out human resource functions in one central point other than conducting it at a functional level. Moreover, the study will give a detailed explanation of various skills and techniques that a human resource manager, as well as the entire department, should have to run the organization more effectively (Lohman, 2002). I am going to discuss the skills of training and development skills, management skills, communication skills as well as discrete and ethical techniques that a human resource officer in an organization should have for effective operations. Moreover, the study will analyze the ability of HR department in policy formulation and implementation as well strategic planning skills and techniques.

How does Kafka Comment on 20th Century Capitalism Throughout the Novel

How does Kafka Comment on 20th Century Capitalism Throughout the Novel and what Symbolism does he Use to Depict it Firstly, it is important to point out that I don’t believe that the individual characters symbolize a certain social or political group in the novel - the characters’ actions and responses to each other in the in the novel do though, representing a social or political group in a specific situation. For example, the majority of people agree that the father in â€Å"Metamorphosis† represents the powerful capitalist society, being the dominant male figure. If one tries to follow this concept throughout the novel, they will encounter many contradictions. While the father does seem powerful at points, such as when he drives out the lodgers, he is in the start portrayed as a rather idle figure, allowing his son to take the dominant position as the family’s income earner. This detail, which could be of great significance, is many times overlooked. All the novel’s links to capitalism are in the author’s choice of words, the concocted situations and in the character’s interaction. The time period in which â€Å"Metamorphosis† was written in (1912) is very significant, because of its historical impact on the novel and the particular views of the time. America was becoming increasingly prosperous with its capitalist views, and was seen by the world as ‘the land of opportunity’, where anyone could be wealthy. Between 1880 and 1930, approximately 2,800,000 Germans and Czechs immigrated to America, in search of a better life, possibly causing resentment and bitterness from those left behind for the capitalist way of life. Kafka criticizes the capitalist views by portraying situations where the family responds to Greg... ...nces you from humanity, and this is also an argument in favour of Communism. This message is clearly portrayed in Gregor’s family, who are forced to find jobs after Gregor’s transformation. As a result of Gregor’s escape from the capitalist economic order, his family is drafted into it. From what we are told of their work periods, they seem to have become much like the old Gregor in their dehumanising jobs, becoming servants even at their home, for the lodgers. Only when they decide that it is necessary for the lodgers to leave and for them to take a ‘day off’ that that seem to be happy again. Though they mourn for Gregor, and in my opinion, they have some sort of ‘enlightenment’, realizing that their financial condition is not the most important aspect in of heir lives. The family takes a ‘day off’, something Gregor would never have done, and go for a walk together. How does Kafka Comment on 20th Century Capitalism Throughout the Novel How does Kafka Comment on 20th Century Capitalism Throughout the Novel and what Symbolism does he Use to Depict it Firstly, it is important to point out that I don’t believe that the individual characters symbolize a certain social or political group in the novel - the characters’ actions and responses to each other in the in the novel do though, representing a social or political group in a specific situation. For example, the majority of people agree that the father in â€Å"Metamorphosis† represents the powerful capitalist society, being the dominant male figure. If one tries to follow this concept throughout the novel, they will encounter many contradictions. While the father does seem powerful at points, such as when he drives out the lodgers, he is in the start portrayed as a rather idle figure, allowing his son to take the dominant position as the family’s income earner. This detail, which could be of great significance, is many times overlooked. All the novel’s links to capitalism are in the author’s choice of words, the concocted situations and in the character’s interaction. The time period in which â€Å"Metamorphosis† was written in (1912) is very significant, because of its historical impact on the novel and the particular views of the time. America was becoming increasingly prosperous with its capitalist views, and was seen by the world as ‘the land of opportunity’, where anyone could be wealthy. Between 1880 and 1930, approximately 2,800,000 Germans and Czechs immigrated to America, in search of a better life, possibly causing resentment and bitterness from those left behind for the capitalist way of life. Kafka criticizes the capitalist views by portraying situations where the family responds to Greg... ...nces you from humanity, and this is also an argument in favour of Communism. This message is clearly portrayed in Gregor’s family, who are forced to find jobs after Gregor’s transformation. As a result of Gregor’s escape from the capitalist economic order, his family is drafted into it. From what we are told of their work periods, they seem to have become much like the old Gregor in their dehumanising jobs, becoming servants even at their home, for the lodgers. Only when they decide that it is necessary for the lodgers to leave and for them to take a ‘day off’ that that seem to be happy again. Though they mourn for Gregor, and in my opinion, they have some sort of ‘enlightenment’, realizing that their financial condition is not the most important aspect in of heir lives. The family takes a ‘day off’, something Gregor would never have done, and go for a walk together.

Usa and it policies

Ukraine, which was until 2008 Bucharest summit extended its support ND participation towards NATO forces, has now turned indifferent and cold to US under the presidency of Victor Hancock. It's necessary to recall the actions of the United States in Afghanistan, in Iraq, in Libya, where they acted either without and sanction from United Nations Security Council or distorted the contents of the resolution, as it happened in Libya. US is often accused of having different yardsticks on the issue of military intervention.The current crisis is not only about Ukraine. However, the outcome of the East-West standoff in Ukraine may be crucial for deciding the success or failure of Russian's new policy of defiance. Crimea was Putting trump card and he played it well. Despite the load threats of sanctions and other punitive actions by the west, President Vladimir Putting went along with the wishes of the people of the Crimean peninsula and on march 21 duly signed a treaty incorporating the regio n into the Russian Federation.And Russia seem to receive an unprecedented support from many developing counties Including BRICKS nations which declared to have no appetite for the sanction regime that the west wants to impose on Russia and regretted the use of sanctions as a weapon against Russia. While on the contrary the 67 leaders meeting at The Hogue In the last week of March decided unanimously to suspend Russia from the 68.The GO leaders Issued a statement condemning what they termed as â€Å"Russian's Illegal attempts to annex Crimea In contravention to International law'. The 67 leaders warned that they would â€Å"Intensify actions† that could have a escalating Impact on the Russian economy! Though Putting gave an assurance that there would be no further moves to â€Å"split Ukraine† despite the growing glamour among the Russian speaking parts of eastern Ukraine for breaking away!Well, there still a lot more to this undying wave of rattling animosity. The wor ld Is transforming, change Is Inevitable and India for now advised to remain clang to Its â€Å"Non alignment policy' and refrain Itself from stepping Into the chaos! USA and it policies By reestablishment unprecedented support from many developing counties including BRICKS nations While on the contrary the 67 leaders meeting at The Hogue in the last week of March decided unanimously to suspend Russia from the 68.The 67 leaders issued a statement condemning what they termed as â€Å"Russian's illegal attempts to annex Crimea in contravention to international law'. The 67 leaders warned that they would â€Å"intensify actions† that could have a significant impact on the Russian economy!