Competencies &amp Essay

1) Legal and regulatory factors: The medical device industry is classified as class 3 , high risk implant so its obvious that a lot of investment goes into testing and experiments with sufficient evidences to prove its safety in-vivo. There are instances when a device fails and a single lawsuit causes the entire company to close down. Thus its advisable to invest time and money , before taking the implant out to the market 2) Investment of Time & Money: As approval process is a long drawn procedure, it is necessary to have well trained quality managers and regulatory system advisors as employees. Sometimes services of external consultants or Regulatory advising companies might be used. 3) In-house surgeons/medical practitioners: As these devices cater to specific ailments and are highly specialized, it is important that we have in-house surgeons to understand the requirements of a product before we begin to design it. Infact the engineers and the surgeons should work hand in hand to come up with a better product. The crucial factors which determines success in biomedical industry. 1) Availability of constant flow of Funds: For a new product to be in market, it might take 3-4 yrs, so during this period there should be a constant supply of funds to pay the employees and keep the company running. 2) Excellent marketing strategies : Its important that these products are marketed through right channels, thus its highly imperative that the products are showcased at various trade shows/conferences 3) Understanding the regulatory process: The main aim would be to bring the product soon to the market, by making a full-proof plan before the submission process for approval, as this phase is the lengthiest of all the processes. D. PEST ANALYSIS: Scope of Growth: The medical device industry out here thrives on reverse engineering concept the result is a number of ME TOO products. Infact companies end up investing on buying patents from European and American companies and do not believe in investing money for research and development of such products. There is huge market to be tapped as there is a lot of demand for these products most of which is imported from the Europe and the U. S. This area being the fastest growing market, the projected growth is expected to touch up to $16 billion in 2015 revenues. Source: Millennium Research Group. Spine Care Segments 2015 There is expected to be an increase in surgical treatment options, like facet replacement and dynamic stabilization procedures, which will likely be more acceptable to patients, perhaps doubling the % of patients accepting surgery from 3. 6% to 7% of a much larger, elderly population. As clinical results improve, this market is expected to continue to grow 20% per year and offer a tremendous opportunity to companies with innovative product lines. In 2015, industry experts project lumbar fusions will not grow, but stay at the same 2006 level of 400,000 procedures; dynamic stabilization devices will grow from 25,000 to 250,000 cases; and artificial lumbar and cervical discs grow from 25,000 to 600,000 cases, as these new procedures begin to replace spinal fusion. PART 2: A: BUSINESS OWNERSHIP: Sole proprietorship is a one-person business is registered with the state like a limited liability company (LLC) or corporation. Legally, a sole proprietorship is inseparable from its owner — the business and the owner are one and the same. This means the owner of the business reports business income and losses on his or her personal tax return and is personally liable for any business-related obligations, such as debts or court judgments. This accounts 74% of all USA businesses and for 6% of all sales in USA. Advantages: (1) decisions are made by only the owner; (2) simple process to start – just get a business license (3) profits belong to the owner; (4) pride of ownership; (5) lower taxes. Disadvantages: (1) unlimited liability (2) limited life of business (3) difficult to raise capital for business; (4) risk of lost is not shared. Partnership: a partnership is simply a business owned by two or more people Just like in a sole proprietorship, the partnership’s owners pay taxes on their shares of the business income on their personal tax returns and they are each personally liable for the entire amount of any business debts and claims. 8% of all USA businesses are partnerships and accounts for 4% of all sales in USA Advantages: (1) easy to start (2) not many regulations; (3) not as difficult to raise capital for business; (4) combination of knowledge and skills. Disadvantages: (1) unlimited liability; (2) profits are shared; (3) limited life of the business; (4) disagreements Incorporation: Though forming a corporation is a bit more complicated and costly, but it is well worth the trouble for some small businesses. The main benefit of an LLC or a corporation is that these structures limit the owners’ personal liability for business debts and court judgments against the business. What sets the corporation apart from all other types of businesses is that a corporation is an independent legal and tax entity, separate from the people who own, control and manage it. Because of this separate status, the owners of a corporation don’t use their personal tax returns to pay tax on corporate profits — the corporation itself pays these taxes. Owners pay personal income tax only on money they draw from the corporation in the form of salaries, bonuses, and the like. Corporations make sense for business owners who either (1) run a risk of being sued by customers or of piling up a lot of business debts, or (2) have substantial personal assets they want to protect from business creditors. 18% of all USA businesses are corporations and accounts for 90% of all sales in USA. Advantages: (1) easy to raise capital (2) limited liability; (3) unlimited life of business; (4) Can hire specialized skills and knowledge; (5) shared risks. Disadvantages: (1) difficult to start; (2) less direct control; (3) double taxation: corporate tax and individual tax (4) limited activity. Franchising: Franchises are in which individual businessmen or people buy a well established business, but a certain percentage goes back to the corporation. Franchises must adhere to the corporate regulations. (McDonalds, Krispy Cream, Starbucks). Acquisition/Mergers: In this two companies merge together(merger) or a big company acquires a small innovative company giving rise to an acquisition. The best option to go with would be setting up a corporation or a LLC rather to start. The limited liability company or â€Å"LLC† is a relatively new form of doing business which is now recognized in most states. The LLC has grown in popularity because it combines the best features of a corporation and a partnership. Like a corporation, the owners (called â€Å"members†) of the LLC are not personally responsible for the debts of the LLC. Like a partnership, there is no dual taxation and the earnings of the business are taxed directly to the members. The LLC is also preferable in many ways to the â€Å"S corporation,† which also avoids personal liability and dual taxation. The LLC is not subject to most of the limitations which are imposed on corporations by applicable law. For example, while an corporation is not allowed to have more than one type or class of stock ownership and is not allowed to have more than 75 shareholders, the LLC is not subject to such limitations. Overall, the LLC simply allows more flexibility in the structure, operation and management of the business than does the S corporation. LLCs are similar to corporations because they also provide limited personal liability for business debts and claims. But when it comes to taxes, LLCs are more like partnerships: the owners of an LLC pay taxes on their shares of the business income on their personal tax returns.

Vrio of Adidas

Company Wildberries – it is a large online store of fashion apparel, shoes and accessories, which has existed for more than 7 years. I chose this site because I had previously used the services of this website. Products in this online store are divided into categories. To view products by brands (brands), go to the tab â€Å"brand†. All products are sorted by price, color, size, popularity rating (rated buyers) and the date of receipt to the store. When viewing products by categories is also sorted by brands, but when viewing a product brand can be sorted by category.To view a product that you like, click the mouse on the image or name of the product. Select your desired color and size and click â€Å"Add to cart†. For convenience, the size and color of goods available for express delivery, handed back to the top. To return to a page with a showcase, click â€Å"return to the store† or â€Å"Close† button, if the card product opened in a separate wi ndow. If you want to move to another section, use the top or left-hand menu. To quickly find specific things you use the search form at the top of the page.To make a purchase, click on â€Å"Shopping Cart† in the upper right corner. There's always shows the number and value of items in your shopping cart. On the page with a basket, you can edit your order – change the number of products to remove unwanted or move the selected item to your list of pending items. Defer goods can only registered users. If you view the basket, not registered, you will be offered to login to register or place your order without registration. Order is shipped, If you are reading the inscription: Thank you for your purchase!Your order is accepted. In the near future you will contact our operator to refine the order and conditions of delivery. Methods of payment:Bank transfer Bank transfer from any bank operating in Russia, you can pay: The handling fee is required for the activation order Pre payment required for the activation order Debt The remainder value of the order, the service of EMS or other express company, has no collection services The cost of the entire order is partially or completely Approximate date of transfer of money between banks is no more than 2-3 working days.When paying by bank transfer will be charged the fee for bank transfer of funds, which is an average of 3% of the order value. Crediting funds occurs within one working day after they are received in our bank account. Receipt suitable for payment at any bank operating in Russia, the manager sends to the specified customer e-mail or by fax, after discussing all the options and confirm the order or after approval of the method of delivery. A receipt will be sent duly filled, indicating the amount of the payment, your data and details of the company. You can also print a receipt from your personal account.WARNING! When filling out receipts by hand, be sure to check the spelling of the name of our company and contact details, otherwise the money will be credited to the bank to â€Å"unclarified Accounts† and in case you do not have time to send in proof of payment, the funds will be credited back. Allowed to write in the payment â€Å"for the order number †¦ â€Å". Payments from businesses will not be accepted and will be credited back. Bank card You can pay by credit card: The handling fee is required for the activation order Prepayment required for the activation order DebtThe remainder value of the order, the service of EMS or other express company, has no collection services The cost of the entire order is partially or completely Also, you can pay by credit card in Moscow paragraphs ex works. Credit cards can only be through the Internet, through e-payment system ASSIST. Login to the payment terminal is in your personal account. Pay only orders made with registration. The minimum payment is 150 rubles. The maximum payment amount is 10 000 rubles. I like thi s site because the orders are delivered on time and the quality of things rather high.

The Paradox Of Identity By Mark Twain - 1767 Words

The Paradox of Identity The quest for individuality within society is a troubling task. In schools, people are forced into cliques and groups that provide a temporary sense of security. According to Richard Rodriguez in The Unmentioned Victim at Columbine High School, â€Å"You can’t become an â€Å"I† without a strong sense of â€Å"we† (Columbine). In Mark Twain’s, Adventures of Huckleberry Finn the character of Huck Finn seeks individuality within a deeply rooted racist society as he journeys for maturity within a corrupted society. Twain’s use of satire throughout the novel contributes to the moral dilemma that Huck must face in order to become an individual, hinting as well to the possibility for change within society in the future. Twain’s use of Huck’s climactic moral development suggests that American culture thrives on a community through conformity, that the individual cannot escape society while they choose to introduce the chance for singularity. In the beginning of the novel, Huck Finn begins his journey towards individuality with Tom Sawyer. Huck is deeply influenced by Tom, however, Huck’s maturity changes for the best when he questions the intentions of the one person he had looked up to. A key example is when the boys are playing robber and Huck begins to doubt Tom’s ethics saying, â€Å"I reckoned he believed in the A-rabs and the elephants, but as for me I think different. It had all the marks of a Sunday school† (14). Twain’s connotation of the Sunday school provide aShow MoreRelatedThe Adventures of Huckleberry Finn: a Portrait of Slavery in America2175 Words   |  9 PagesFemia At the surface, Mark Twain s famed novel, The Adventures of Huckleberry Finn, is a thrilling narrative told by a 13-year-old boy who embarks on a perilous journey down the formidable Mississippi River aboard a tiny wooden raft. The story s sensationalism sometimes makes Huck s journey seem unbelievable. 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In The Adventures of HuckleberryRead More The Adventures of Huckleberry Finn: A Portrait of Slavery in America2155 Words   |  9 Pagesby John Femia At the surface, Mark Twain’s famed novel, The Adventures of Huckleberry Finn, is a thrilling narrative told by a 13-year-old boy who embarks on a perilous journey down the formidable Mississippi River aboard a tiny wooden raft. The story’s sensationalism sometimes makes Huck’s journey seem unbelievable. Underneath, however, lies an authentic portrait of the institution of slavery in America during the 1850s. Although born and raised in Missouri, Twain vehemently opposed slavery. HeRead More Patriotism: Use with Caution Essay2153 Words   |  9 Pagesanti-patriotic thinkers, blind patriotism is a destructive idea that erodes the world. The flaw in blind and unconditional commitment to one community is the belief that a community is superior to other communities (Nathanson 4). 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In The Big Sea, Hughes is preoccupied with compatibilities between the eloquence of speech and that of the vernacularRead MoreANALIZ TEXT INTERPRETATION AND ANALYSIS28843 Words   |  116 Pageslogically and inevitably unfolds from the one that prece ded it, thereby generating a momentum that drives the plot forward its appointed resolution. Chronological plot structure can be loose, relaxed and episodic. In Henry Fielding’s Tom Jones and Mark Twain’s Huckleberry Finn, the plots are composed of a series of separate and largely self-contained episodes, resembling so many beads on a string. The unifying element is the protagonist, as he wanders into and out of a series of adventures that,Read MoreHumanities11870 Words   |  48 Pagesset of unique solutions that he/she is familiar with. This becomes the artists style. In other words, the artist slowly coins his/her own artistic language. Most artists will start with an established masters language before molding his/her own identity. The viewer, on the other hand, needs to reverse engineer and decode the messages hidden inside the artwork. This is why learning the artists language is important. The viewer decodes the messages based on his/her own experiences and culturalRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesCharacteristics of the U.S. Workforce 41 †¢ Levels of Diversity 42 †¢ Discrimination 42 Biographical Characteristics 44 Age 44 †¢ Sex 46 †¢ Race and Ethnicity 48 †¢ Disability 48 †¢ Other Biographical Characteristics: Tenure, Religion, Sexual Orientation, and Gender Identity 50 Ability 52 Intellectual Abilities 52 †¢ Physical Abilities 55 †¢ The Role of Disabilities 56 Implementing Diversity Management Strategies 56 Attracting, Selecting, Developing, and Retaining Diverse Employees 56 †¢ Diversity in Groups 58 †¢ Effective

The Global Code Of Ethics - 1655 Words

I. OVERVIEW The Global Code of Ethics outlined herein describes how this international organization intends to do business. Because this business is global, working in conjunction with different cultures is of utmost importance. Drafting, implementing, and monitoring the Global Code of Ethics has involved and will continue to include a team from all aspects of the business, including; the Board of Directors, the General Counsel, Human Resources Directors, Managers, and Employee Representatives. Further, as an international organization, there are implicit and explicit standards of conduct, goals, responsibilities, and values to which each employee and stakeholder will adhere. The Global Code of Ethics found in this document has been†¦show more content†¦Information, which is publicly available, does not fall into this category. All other forms of information (i.e., hard copy, virtual) which are not available to the public are not to be discussed or distributed. Failure to comply will re sult in disciplinary action, up to, and including, termination, with the possibility of facing legal recourse. b. Discrimination / Equal Employment Opportunity All employees and stakeholders, regardless of gender, creed, race, religion, age, sexual orientation, and disability will be treated fairly and with respect by all fellow employees and stakeholders. Potential employees will also be provided equal employment opportunities without any preference to one group over another. Our company values diversity and the insight of each unique employee. Failure to comply will result in disciplinary action, up to, and including, termination, with the possibility of facing legal recourse. c. Data Protection / Privacy All employees and stakeholders will ensure all company data is protected at all times. Company provided laptops and desktops will, at all times, be accounted for. All confidential files will be submitted electronically and password encrypted. Privacy of company documents is of utmost importance and across the global

21st Century Classrooms - Annotated Bibliography Essay

Thesis †¢ Research shows that the integration of 21st Century technology increases student achievement and engagement. 1. Caruso, C. (2008). Bringing Online Learning to Life. Educational Leadership, 65(8) 70. Retrieved from EBSCOhost. a. This article discusses the use of the Internet in the classroom and how it can be used to personalize education. The effectiveness of the Internet in the classroom is evaluated at the Henry Hudson Regional School in Highlands, New Jersey. A faculty member at the school explains that the Internet was introduced to their classrooms to expand limited electives, advanced placement, and foreign language offerings. The use of the Internet allows small schools to provide an education that would not be†¦show more content†¦Retrieved from EBSCOhost. a. The article presents information on conducting timely research that may significantly influence education policy and practice. A report has been recently released from the Childrens Partnership--Measuring Digital Opportunity for Americas Children: Where We Stand and Where We Go From Here. On the basis of 40 indicators, the reports Digital Opportunity Measuring Stick shows how U.S. children and young adults use information and communications technology in ways that relate to their achievement, health, economic opportunity, and civic participation. U.S. children are benefiting from technology-enabled opportunities. The potential of information and communications technology to improve student achievement. 5. Corcoran, E. (2009). Getting to The Top of the Class. Forbes, 184(6), 40. Retrieved from EBSCOhost. a. The article discusses technological innovations for the classroom. Smart Technologies has developed what they call smart boards, large interactive screens which can be connected to the Internet and manipulated by students by their fingers or a stylus. The screens cost between $700 and $4,500 and as of 2009 have sold some 700,000 units worldwide. 6. Ferriter, W. M. (2011). Good Teaching Trumps Good Tools. Educational Leadership, 68(5), 84. Retrieved from EBSCOhost. a. In this article the author presents his belief that educational technology is only effective in increasing student academic achievement if itShow MoreRelatedResearch Based Strategies For Increasing Student Achievement821 Words   |  4 PagesAnnotated Bibliography Dean, C., Hubbell, E.R., Pitler, H., Stone, B. (2012). Classroom instruction that works: Research-based strategies for increasing student achievement. (2nd ed.). Denver, CO, 188 pp. Author Ceri B. Dean is vice president of field services at Midcontinent Research for Education and Learning (McREL). She holds multiple degrees in education, including a Ph.D. in Cirriculum and Instruction and an M.S. in Atmospheric Science. Elizabeth Ross Hubbell is a principal consultantRead MoreCode-Switching Annotated Bibliography932 Words   |  4 PagesWonguk Cho SLS 380 Annotated Bibliography Garcà ­a, O. (2008). Bilingual education in the 21st century. (1st ed., Vol. 1, pp. 42-71). Chichest, England: Wiley-Blackwell. This chapter of the book deals with translanguaging, which is an approach to explain bilingualism where speakers switch from one language to another. The author thinks bilingualism is not the simple sum of a language and another language, but more complicated ability that is involved in a complex processing of human brainRead MoreThe Impact Of Telecommunication Technology On Virtual Universities1732 Words   |  7 Pagestelecommunication technologies such as computer hardware, software, and internet accessibility has made it more affordable and convenient for students to pursue undergraduate, graduate, and post graduate education without having to attend the traditional classroom (Jesshope Yong, 2001). Education administrators in the traditional sector must adjust to the transition to virtual learning or risk losing students which will translate into loss of revenues. Is it an economic problem or social problem? To remainRead More A Crisis: Funding for Educational Technology in the United States1870 Words   |  8 Pagesfortechnology on other more pressing demands or needs, such as textbooks ornew facilities. The government cannot expect any school to deprivestudents of necessities, such as functioning bathrooms, in order to obtainluxuries, such as a computer in each classroom (Guerard, 2). The majorityof schools, especially those in rural or poor communities, rely heavily onyearly funding from their state government as well as the national government. Schools are the institutes of learning and knowledge for the majorityRead MoreArt of Public Speaking5805 Words   |  24 Pagesand construct outlines, how to assess evidence and reasoning, how to use language effectively, and so forth. Because the immediate task facing students is to present speeches in the classroom, I have relied heavily on examples that relate directly to students’ classroom needs and experiences. The speech classroom, however, is a training ground where students develop skills that will serve them throughout life. Therefore, I have also included a large number of illustrations drawn from the kindsRead MoreLibrary Management204752 Words   |  820 PagesLeadership . . . . . . . 332 Situational or Contingency Models of Leadership . . . . . 332 Fiedler’s Leadership Contingency Model . . . . . . . . . . . 333 Path-Goal Theory of Leadership . . . . . . . . . . . . . . . . . 333 Leadership in the Twenty-First Century . . . . . . . . . . . . 337 The Leadership Challenge . . . . . . . . . . . . . . . . . . . . . . 338 Developing Leadership. . . . . . . . . . . . . . . . . . . . . . . . . 340 15—Ethics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Read MoreContempo rary Issues in Management Accounting211377 Words   |  846 Pageslife insurance sponsored by the PD Leake Trust, and on various historical research projects including a book (with Professor Keith Hoskin of Warwick University) on the historical development of management and accounting in the USA in the nineteenth century. Peter Miller is Professor of Management Accounting at the London School of Economics and Political Science, and a member of the Centre for Analysis of Risk and Regulation. He is Associate Editor of Accounting, Organizations and Society, and isRead MoreQuality Improvement328284 Words   |  1314 Pagesthe field. It is available at www.wiley.com/college/montgomery. Student Resource Manual The text contains answers to most of the odd-numbered exercises. A Student Resource Manual is available from John Wiley Sons that presents comprehensive annotated solutions to these same odd-numbered problems. This is an excellent study aid that many text users will find extremely helpful. The Student Resource Manual may be ordered in a set with the text or purchased separately. Contact your local Wiley representative

Common Law free essay sample

Subsection (1) applies to the states of West Malaysia which corresponds to the former Federated and Unfederated Malay States, while Subsection (2) applies to the former Strait Settlement colonies of Penang and Malacca, and also the Borneo States of Sabah and Sarawak. The difference between the two subsection is not limited for absolute application, but there is also an important substantive difference in that under subsection (1) for the states of west Malaysia other than Penang and Malacca, the law to be administered in England in the like case ‘at the date of the coming into force of this Act’. However, under subsection (2) for Penang, Malacca, Sabah and Sarawak, the law to be administered is the same as would be administered in England in the like cases ‘at the corresponding period’. Therefore there is a cut-off date for the application of English law in commercial matters to the States of West Malaysia other than Penang and Malacca. We will write a custom essay sample on Common Law or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The cut-off date was 7 April1956 which was the date of the coming into force of the Civil Law Act 1956. For Penang, Malacca and East Malaysia there is no cut-off date. It would appear, therefore, that statue has provided for the continuing reception of English law in mercantile matters for Penang, Malacca, Sabah and Sarawak, whereas for the other Malaysian States, there is no such continuous reception. However Malaysian judges seldom refer to the provisions and their implications when they make reference to or attempt to follow the common law. There is a tendency therefore, for Malaysian judges to use English precedents quite freely, regardless of whether the case in Malaysia took place in Penang, Malacca or the other states of West Malaysia. The scope of section 5 as a whole is limited to the applicable law in cases of commercial matters or mercantile law generally. Some specific subjects under this broad heading have been itemized under section 5(1) that is, law of partnerships, corporation, banks and banking, principals and agents, carriers by air, land and sea, marine insurance, average, and life and fire insurance. Finally it is to be noted that unlike section 3(1), section (5) of the Civil Law Act refers to English law and not the common law of England and rules of equity are a part of equity. No doubt, the common law and rules of equity are part of ‘English law’, but the term ‘English law’ encompasses more than just the common law and rules of equity and it would also include English statutory law. The application of English law can only be done if there is no other provision in any written law. As mentioned earlier the section 6 of the Civil Law Act 1956 is the part of the land law. None of English law will be applied to the land matters in Malaysia. This is because in Malaysia the National Land Code is the law that governs the land matters.

Social Analysis in Canada

In Getting Started on Social Analysis in Canada Clarke, Czerny, Davies and Swift explain that the Third World conditions experienced in the southern countries (Third World countries) are as a result of unfair economic constitutions adopted by the rich nations, which are the US and the Western European countries (110). They argue that although international exchanges of ideas of arguably everything have increased, leading to faster flow of money, goods, people and information (Cairns and Sears 243), rich nations have taken advantage of their superiority to trample on the developing countries.Advertising We will write a custom critical writing sample on Social Analysis in Canada specifically for you for only $16.05 $11/page Learn More This, they explain, is as a result of unequal financial, as well as, trade relations. I completely agree with this assertion, based on the economic policies adopted by the World Trade Organization, International Monetary Fund and the World Bank where the rich nations are the major shareholders and signatories (UN Development Programme 2). In my view, the rich nations in Western Europe and North America are responsible for the economic problems experienced in Third World countries. The global trade and commerce has not been able to generate the economic growth essential for the development of the Third World countries, while the rich nations continue to achieve significant economic growth and development (Shah 2). Third World countries have been turned to beggars and highly depend on the rich nations for financial assistance. The enormous debts that they owe to rich nations have become the main obstacle to achieving human development and economic stability. According to Clarke, Czerny, Davies and Swift, poor countries pay more in debt services as compared to what they receive from loans (110). Rich nations siphoned-off massive resources from Third World countries during the colonial period, and to furthe r cement their economic power and growth, adopted economic policies that allow them to scoop more wealth from these countries. The rich nations have sometimes imposed loans on Third World countries so that they can achieve their interests, thereby increasing the debt burden on poor countries (Shah 8). These unfair debts which result from illegitimate loans destabilize the economic growth of poor countries considering the high interest rates that they repay the loans with. Rich nations therefore get richer while poor nations only achieve minimal economic growth. Clarke, Czerny, Davies and Swift advocate for development based democracy and fair dealing (110). While it is important to create economic institutions for the growth of a country or the world as a whole, the provisions of international economic constitutions should not favor the rich nations at the expense of the poor nations. The international economic and financial institutions such as IMF and World Bank have been institut ed in such a way that the rich nations from North America and Western Europe control and scoop wealth from the poor countries.Advertising Looking for critical writing on social sciences? Let's see if we can help you! Get your first paper with 15% OFF Learn More Third World countries are forced to play along the rules created by rich nations or else they risk economic alienation or sanction even though these economic policies have more disadvantage to them than advantages. I take the example of Ethiopia where the IMF suspended financial aid due to its rejection of the one-size-fits-all development model adopted by the organization, at a time when the country lagging at the 170th position on the UN list (Clarke, Czerny, Davies and Swift 111-112). Liberalization of markets and privatization policies further worsens the ability of poor countries to achieve significant economic stability. Rich nations have not allowed poor countries to stabilize their economies before they adopt the liberalization and privatization policies. In my view, this is the major reason as to why rich nations continue to unfairly drain off resources from poor countries to develop their own economies. It is now several decades ranging from 6 to 3 since most of these poor countries attained independence from colonial control, and yet they are still not ready to compete favorably in global trade and commerce with the rich nations. This means that they were ambushed to adopt these policies. The former chief economist of the World Bank, Joseph Stiglitz, argues that IMF and the World Bank have adopted economic policies which push governments of poor countries away from controlling their internal markets claiming that free-market capitalism would help these countries solve their economic problems (Clarke, Czerny, Davies and Swift 110). Today, the markets are controlled by demand and supply, as well as competition and not governments. Rich nations therefore take advantage of the poor countries by expanding their already established companies to developing economies. They quickly control the markets in such countries ahead of the domestic industries, yet the revenue collected in the process is repatriated. Clarke, Czerny, Davies and Swift are also share my view that the financial liberalization advocated for by the rich nations and international institutions such as the IMF and the World Bank unfairly benefit the economies of rich nations (111). It limits ability of the poor countries to establish protectionist measures for their not yet stable financial markets and therefore opening them up to free-market economics. Poor countries no longer have the capacity to control the financial markets, meaning that they can not influence productivity, jobs, as well as, the prices of imports and exports. I strongly believe that the economic policies applied by the rich nations and the international agreements which they make with the rich nations, have got nothing to do wit h achieving global economic growth. These policies and agreements are meant to achieve protectionism to their domestic products and companies, and to expand the market for their commodities and services. The mutual benefits in these relationships are skewed and highly favour them. Clarke, Czerny, Davies and Swift (119-120) explain that some rich nations have occasionally applied technical barriers to limit trade abilities of other nations. Such governments have always quoted worker, consumer or environmental protection as their reasons for banning the importation of some products.Advertising We will write a custom critical writing sample on Social Analysis in Canada specifically for you for only $16.05 $11/page Learn More In my view, these are protectionist measures adopted to protect their economic interests. Canada has been forced to sign many international economic agreements to satisfy the economic interests of the US, and the World Trade Organizati on to benefit from the trade and economic relations with the US and Western European countries (Naiman 126). Rich nations normally sign agreements which have more trade benefits to them and which result to trade creation on their side more than it does to developing countries. The market economics programs of liberalization, as well as, privatization which have controlled the new era of globalization are questionable. They have unfairly given rise to development for the US and the Western European countries. I therefore conclude that development as a result of globalization should not just consider economic growth, but should be made sustainable, and participatory. There should also be checks on the free market particularly by Third World countries. Besides, there should be liberty to participate effectively and equally in trade and commerce. Works Cited Cairns, James and Sears, Alan. A Good Book. In Theory Making Sense Through Inquiry, 2nd Ed. Toronto: University of Toronto Press, 2010. Print. Czerny, Michael, ]ackline, Clarke, Davies, Robert, and Swift, Jamie. Globalization and development. In getting started on social analysis in Canada, 4th ed. Toronto, ON: Between the Lines, 2003. Print. Naiman, Joan. How Societies Work: Class, Power, And Change In A Class, Power, And Change In A Canadian Context, 4th Ed. Fernwood Publishing Company Ltd, 2008. Print. Shah, Anup. Causes of Poverty. Global Issues, 05 June, 2011. 08 July, 2011. http://www.globalissues.org/issue/2/causes-of-povertyAdvertising Looking for critical writing on social sciences? Let's see if we can help you! Get your first paper with 15% OFF Learn More UN Development Programme. Human Development Report 1999. New York: Oxford University Press, 1999. Print. This critical writing on Social Analysis in Canada was written and submitted by user Dane Head to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.