International finance Essay Example | Topics and Well Written Essays - 2000 words

International finance - Essay Example In fact, the creation of International Bank for Reconstruction and Development (IBRD) as well as the International Monetary Fund (IMF), had both been the consequences of the conference. The innate characteristics of the conference had been – Firstly, the conference stressed upon the fixation of upper and lower limits for the exchange rates of any domestic currency. Such a system would help in reducing possibilities of financial distress owing to fluctuations in the rate of exchange. The upper and lower limits of the rate of exchange are on the other hand, made the domain of the national government with regard to their respective current account positions. To be precise, the domestic governments were allowed to make adjustments to up to 10% below or above the pegged rates of exchange. The domestic currency of any nation was made completely convertible with any other currency to ease foreign trade. Lastly, all nations were made members to the International Monetary Fund so as to make the latter’s task easier to conduct at times when a financial crisis takes place. The system collapsed during 1970s, though that did not mean that the whole world converted itself into a system of floating exchange rates. For instance, the nations underlying European Union follow a fixed exchange rate regime where they maintain a fixed rate of exchange with the Euro as well as between themselves (Alderman, 2011, ‘Europe’s Challenge: Fostering Growth Amid Austerity’). Answer to Question 2 According to the concept of uncovered interest rate parity (UIP), the difference between the rates of returns on domestic and foreign bonds must be equal to the expected change in the rate of exchange

Intermediate Sanctions - Home Confinement Assignment

Intermediate Sanctions - Home Confinement - Assignment Example Electronic monitoring is mainly used as a supervisory tool. This helps the officers monitor the activities of the offender more effectively. The offenders are usually required to adhere to a strict schedule of activities. Under the home confinement, there are two main types of programs. First, there are the pretrial programs which use home confinement as an alternative form of detention before the individuals are taken to court. Secondly, there are post-adjudication programs which use home confinement as an alternative to incarceration. This program was initially intended to serve as an alternative to sentencing for drunken driving offenders but has expanded to include other offenders as well. Generally, home confinement mainly excludes offenders of serious and violent crimes. The level of supervision or restriction is given depends on the type of the offender. These restrictions may be simple curfews or may be as severe as lock-downs. There are three main levels of restrictions: curfews, home detention, and home incarceration. When it comes to curfews, the participants of this program are required to be at home every day at specific times. Home detention requires that the participant remains in his home throughout except for specific approved times. Finally, home incarceration is when the offender is put under complete lock-down, except for specific activities approved by the court. Home confinement may be used by the courts as a sanction for people who go against the regulations of their supervision. The purpose o f home confinement depends on the stage of the criminal justice process in which it is applied. Regardless of the stage, however, it is mainly used as a means of protecting the public.

Juvenile Justice System Process Essay Example | Topics and Well Written Essays - 750 words

Juvenile Justice System Process - Essay Example During the decision making stage, where the arresting officer is still trying to make contact with the parents or making transfer arrangements, federal regulations require that the juvenile being held at adult penitentiaries be kept away from adult inmates (Neubauer & Fradelia, 2009). The law also stipulates that they should be removed from the adult facilities within six hours of arrest. The third stage is the transfer of the case to the juvenile probation department. Here the intake officer will then make a decision whether to dismiss the case, handle it informally or he may propose a formal hearing. Most of the Juvenile cases about 50 percent of them are dismissed (Neubauer & Fradelia, 2009). The probation officer has to review all the facts about the case during this stage and determine whether there is sufficient information to try the youth. If there is adequate evidence the case may be heard informally or formally depending on the available facts otherwise the case is dropped. While awaiting trial the juvenile is required by law to be detained in a secure facility. A judge often decides if the juvenile should be detained before and during the course of the trial. The officer also explains the intent of the detention in a detention hearing that takes place within 24 hours of arrest (Martin, 2005). The fourth stage is either informal, formal hearing or disposition. An informal hearing will be granted by a judge if the juvenile pleads guilty and agrees to settle the charges brought against him through acceptance to meet the courts requirements which may be: restitution, mandatory curfew, school attendance or rehabilitation (NCJRS, 2000). The juvenile is then released but will be monitored by a probation officer. In formal hearings a decision is made where the case will be heard and this may be in a juvenile or criminal court. Most of the cases will be heard in a juvenile court but egregious offenses will be tried in criminal courts (Neubauer & Fradelia, 200 9). Recommendations The juvenile system process varies within states but the above mentioned process is a standard procedure that is supposed to be followed. The problem is that the process is rarely followed. I would recommend that all states adopt the same process so that it becomes uniform. Secondly some states detain juveniles for over six hours in adult penitentiaries. This should stop because the minors go through a rough time in the cells and this affects them psychologically. Third I would also recommend system wide changes in terms of facilities and officers trained to facilitate the whole process. References Martin, G. (2005). Juvenile Justice: Process and Systems. Thousand Oaks, Carlifonia: Sage Publications. NCJRS. (2000). Juvenile Justice System Structure and Process. Retrieved March 26, 2012, from NCJRS: https://www.ncjrs.gov/html/ojjdp/nationalreport99/chapter4.pdf Neubauer, D. W., & Fradelia, H. F. (2009). America's Courts and the Criminal Justice System. New York: C engage

Explain key concepts relating to the processes of environmental Essay

Explain key concepts relating to the processes of environmental hazards, complexity and uncertainty. (othr questions in files at - Essay Example Indirect damage includes loss of revenue, unemployment and market deterioration. It is therefore increasingly becoming a major developmental issue of urgent concern for the government, development partners and local communities. In view of this situation, the proposed project aims to provide strong institutional capacities, resources, and database for informed decision making about handling the emergency situations. It also provides awareness to people to handle such emergency situations by informing them through efficient warning system and providing them with the required tools. The project consists of coherently logical steps to carry out the project various phases. The work is divided under various sections, section one contains introduction and objectives, section two explains the need and importance of the project for the country, section three tells the role of project in building resilient community, section four provides information about the partner organization that will a ssist in project. Section seven contains project activity chart and timetable; the next section eight gives details of the resources required in the project. And the last section nine deals with how the project will be monitored and post-funding of project for its sustainability. The total period of project is two years and the project will be monitored throughout the two years duration of the project and post funding will be provided by ensured by the government of Pakistan, who will allocate a part of budget for the disaster management, once the project is on the ground. Section 3. Objectives of project and project outcomes (300 words) Introduction Disasters are situations or events which overwhelm local capacity, necessitating a request to national or international level for assistance. These are classified into two main categories i.e. Natural disasters which are hydro-meteorological and Geophysical, and non-natural disasters which are man-made and can be industrial related; che mical spill, collapse of industrial structures, explosion, fire, gas leak poisoning, radiation; miscellaneous events such as collapse of domestic/non industrial structures, explosion, fire, and Transport related; air, rail, road and water-borne accidents (World Disasters Report, 2002) Disasters worldwide have become a major threat to the inhabitants, so therefore managing these disaster is an important and urgent need of the new world we are living in. Data gathered worldwide over the last three decades suggest that, while the number of people killed by natural disasters has leveled out at around 80,000 per year, the number affected by disasters and associated economic losses have both soared. As during the 1990s, an annual average of around 200 million people was affected by natural disasters nearly three times higher than during the 1970s. Economic losses from such disasters in the 1990s averaged US$ 63 billion per year which is nearly five times higher in real terms than the figu re for the 1970s (Brussels-based Centre for research on the Epidemiology of Disasters-CRED) The disasters affect the developing countries in a more harsh way by undermining their developing strength and contributing to persistent poverty that hinders their growth and prosperity. Objectives of the project and project outcomes The Federal Flood Commission (FFC), Emergency Relief Cell (ERC) and Pakistan Meteorological Department are the key agencies for disaster managemen

National Labor Relation Act and Employee Rights Essay

National Labor Relation Act and Employee Rights - Essay Example The program will take two weeks of an intense training for the supervisors, during which the supervisors will be trained four hours every day, except for the weekends. Therefore, the training will constitute a ten-day training program, undertaken by the labor professionals and hired legal experts on employment from the labor department and other various professional labor organizations. At the end of the training, the supervisors will be required to undertake a test regarding the training, where only the ones who pass the test will be retained, while the ones who fail will be replaced. The program will also include a regular refresher course, undertaken once every 4 months for a three-day period, where the supervisors will refresh their knowledge on the duties, rights , freedoms and responsibilities of the employees and the employers, while also learning new developments in that area. Under the training program, several employee rights, freedoms, duties, and responsibilities will be covered, to equip the supervisors with the rightful knowledge about the rights of the employees, and, thus, to ensure that they do not interfere into such rights in the future. First, employees have the rights to attempt to form or to form a union in their workplace (Sack, 2010). Therefore, the supervisors will be trained to acknowledge the rights of the employees to establish unions within their workplaces, which will be used as a basis of championing for their rights, while also being as the bargaining vehicles for the employees, through which they can channel their grievances to the employers. The recognition of the fundamental right of the employees to form a union is in line with the basic human rights and the freedom of association and expressions, which no individual should be denied (Emerson, 2009). Therefore, through training the supervisors on the need to recognize and consequently respect the rights and freedoms of the employees to form and engage in union activities, the supervisors will cease to interfere with such freedoms of the employees, which will in turn serve to reduce the negative effects that the organization has felt, such as strikes and demonstrations. Additionally, by allowing the employees to engage in the formation of their own unions, they will be in a position to present their grievances to the employers or the relevant government agencies, which will, in turn, reduce the legal suits filed by the employees to the courts, which are detrimental to the organization, both in damaging its reputation, as well as causing it huge financial burdens (Dannin, 2006). The other fundamental aspect of the training for the supervisors, regarding the employee rights and freedoms, is the right of the employees to join and engage in the activities of a workers’ union, even if it is not recognized by the employer (Sack, 2010). This lesson will be very fundamental, since the employers can interfere with the rights of the employees to engage in u nion activities on the basis that such a union is not recognized by the employer. The fact that the employer does not recognize certain workers’ union does not limit the employee from joining such organizations. This fundamental

Uae Assignment Example | Topics and Well Written Essays - 750 words

Uae - Assignment Example A service industry comprises of various companies which basically earn income by providing intangible services and products. They are involved in transport, food services, retail, distribution and other service-dominated enterprises. At times, they are called tertiary sectors or service sectors. Strengths Economic strengths The steady oil prices in the country has boosted transport sector to highest levels. Most of the economy revenue comes from the oil industries. For the past few years, according to the country’s statistics, the world market has remained stable favoring service mobility. Transport industry has benefited most from this global market. As a result of this, non-oil sectors have been stimulated thus escalating the disposal revenue of the less performing segments of the entire population. Generally, the country produces up to 22 million barrels of crude oil for export daily. This boosts the country’s economy (Gorgenlnder, 2011). The country also has steady and convertible currency which is pegged to the US dollar with minimal foreign exchange controls. This facilitates easy movement of services from one part to the other. If the global financial crises arise, it has survival tactics to make it productive in the market. Furthermore, UAE has been known for very competitive labour costs and real estates. The country has experienced and readily available work force that provide cheap and quality labor. Most of the work is done by these locals thus low cost of productions. The country’s permissive policies and healthy balance of payments allow free trade movements within and without the country. This allows free flow of services/goods thus boosting the economy (Group, 2008). Geographical strengths The country is strategically located at the Middle East, with very easy contact to not only to Eastern and Middle Eastern markets, but also to South Asia, Philippines, Malaysia, Indonesia and other markets in the Asian countries. This impl ies that there are ready markets for the manufactured goods and services. Furthermore, the country has well established ports that can access to main sea routes. Most of the trading countries use these ports for exit and entry in transacting businesses. This has made the country to be seen as a pacesetter and a regional leader for development. Commercial strengths According to Gorgenlnder (2011) and Group (2008), the country has open trade zones favorable for business start-ups. Most of the enterprising people can easily nature their talents and explore market opportunities easily. Interestingly, the country has no corporate and personal taxation. Any business start-up has no personal/corporate intimidation in form of taxes. More often than not, most businesses fail due to high taxation and unfavorable work environment. This favor has been extended to other countries; there is no taxation for information exchange. Infrastructural strengths UAE has sophisticated and ultramodern banki ng sectors that provide various services for its rich expatriate clientele. Most financial institutions are furnished with modern facilities which accommodate the needs of the clients. In fact, the banking sector has been privatized to enable quality delivery of services. Also, the country is equipped with IT infrastructure and

Questions on Global Issues Essay Example | Topics and Well Written Essays - 500 words

Questions on Global Issues - Essay Example egitimacy as a source of national identity, will open doors for other mediums such as religion and culture to fill the void for nationalism and further threaten the state. This struggle is reminiscent of what Samuel Huntington wrote in his book The Clash of Civilization, he notes that in the post-Cold War era, wars and conflicts will be fought not because of economic or ideological reasons, but because of cultural phenomenon brought about by clashes among civilizations. He argues that Western instruments of modernity will create conflicts with the non-Western world due to the isolation and aggression that it will create. With globalization bringing nations and cultures together, non-Western cultures may feel isolated and threatened. In order to protect themselves, and with no apparent formal channel to do so under the nation-state, religion –being inextricably linked and identified with culture, becomes a crucial refuge and a powerful tool to fight back. However, due to the changes in today’s world – deeper integration between nations and economies, rapid developments in communications and technology (including instruments of war), blurring of national borders, and a growing animosity towards the Western world due to the spread of information among different nations and cultures; conflict, including those propelled by religious beliefs, have taken a new and more complicated face. Religious warfare, unlike the traditional conduct of war, has become more complicated to address because, as Mark Juergensmeyer notes, religious struggle (1) gives the moral authority for extremists to embark on â€Å"catastrophic acts with biblical proportions,† (2) takes generations to succeed, and (3) provide both a personal and symbolic redemption for its perpetrators. By elevating their struggles to a cosmic war, religious extremists not only elevate their fight to be one of good against evil, they also impact public consciousness, bringing awareness, and at times sympathy, to