A Socio-Psychology Study Essay Example | Topics and Well Written Essays - 750 words

A Socio-Psychology Study - Essay Example Choosing people with the same overall qualities such as those mentioned will lower the chances of external causes of stress or fatigue causing emotional or irrational behavior. Interviews with potential participants in the study will help determine these characteristics and rule out people with cause for emotional reactions. In addition to the interviews, potential participants will need to be offered an informed consent document. This document will detail the ideas of the study, explain any potential risks to participating in the study, and assure the privacy and protection of participants' information. Additionally, potential participants will be encouraged to be completely honest regarding their personal lives; an inaccurate answer regarding issues, such as stress and sleeping patterns, can not only skew the results of the study but also place these participants at risk during the study. Once the list of participants has been finalized, a study of their normal behavior and reactions will need to be conducted. This portion of the study will involve analyzing their reactions to various things such as news, familial situations, job stress, and other problems that sometimes arise during daily life. Creating a controlled environment that limits the level of outside influence on emotions will prove to be the most difficult part of performing such a study. Additionally, participants must be told or shown situations that are real to them; natural reactions may not be had if the participants do not believe the situations they are being shown or cannot relate to these situations. During this time, each participant will be given a recommended level of restful sleep. Monitors can also be used to measure things not verbally or visually seen, such as heart rate, breathing, and swea--similar to the machines used by police departments during lie-detector tests. Additionally, the group of participants will be placed together to enable social interaction during the study. They will be introduced to each other under the pretenses of a social setting. During this meeting, activities and features that promote social mingling, such as board games, card games, and refreshments will be offered. Once participants are able to overcome the awkward introduction phase of social interaction, researchers can begin to study their reactions to each other in a social setting. This portion of the study will need to be performed for an extended time period; participants must interact with each other long enough to get to know the other participants in a variety of ways, including long enough for possible pet peeves to arise and cause reactions. After being satisfied with the level of analysis and an understanding of the behavioral patterns and reactions of each participant, the study group will be deprived of several hours of restful sleep over an extended period of time. This will ensure that their fatigue levels are high but not outside of safety levels for normal functioning. At this point, the study will be carried out in the same manner as before; this time watching for signs of emotional reactions, behaviors, and decisions. To minimize the chances of coincidence,

Reading and Answer the Question Essay Example | Topics and Well Written Essays - 500 words - 1

Reading and Answer the Question - Essay Example Various reactions arise regarding the funding of several arts in Melbourne an example being arts works of the twenty- eight year old McLennan’s at Victorian Arts College. There are many responses to the controversy surrounding public art and political message which makes the funding arts with political messages be viewed as an issue that pause some considerable threat. Therefore, there is a need to fund nonpolitical artistic works, since they perform a legitimate role in enhancing public reflection stimulation. This means that public funds are used for the benefit of the public, and not for the political interests of some politicians or individuals with hidden political intentions. However, as far as arts with political messages are concerned, there should be guidelines that control and regulate the use of public funds for art-funding to prevent the misuse of these funds in satisfying political needs of a few individuals. In the video that Mallika Sarabhai shares in her presentation, three main themes are clearly highlighted. Justice is the first theme that comes out clearly in this presentation. In the transformative story in dance by Mallika Sarabhai, the one eyed monkey feels that humans are unjust due to the way the woman treats the monkey after the god Indira fulfills that desire of the woman. The other theme that is seen in Mallika Sarabhai presentation is crime and crime subjects. In the presentation concern arises about who or which race is to be blamed for incidence of crime. The reluctance of the police in response to crime activities is reflected upon in this presentation. Lastly, the third theme that Mallika Sarabhai addresses in the presentation is the plight of women. Mallika does this by asking the audience several questions about rape cases in the nation whereby Mallika self-response to these questions shows that many women and girls are rape

Analyzing the Salt Level in Different Soil Textures

Analyzing the Salt Level in Different Soil Textures Jason Jarabejo Rafael Celis Joshua Mikael Ramos Hagin Busto Santos Angelo Wesley Pangilinan Chapter I Introduction BACKGROUND OF THE STUDY The main goal of this research is to fully understand how salt level varies in different soil compositions. The first fundamental topic for this research came from The Effects of Sodium Chloride Solution on the growth of Tomato Plants (Lycopersicon esculentum) (Larsen, 2007), a study concerning the effect of high salinity level on farming and the factors affecting it. Sodium Chloride (NaCl) or commonly known as salt or halite was used in marking territories because it yields the growth of plants on fields enforced with salt. The scientific reason for this is because salt acts as an opposing agent against the plant’s ability to sip water through the soils cracks. This research will focus on the analysis of the salt level in different soil textures. The gathered salinity levels will be analyzed and compared to know which soil textures will have a reading precisely close to moderate regular salinity levels. Based on the procedure on measuring salinity by (Queensland, 2007) we will use, the regular salinity margin is 1.5-4 dS/m which is ranged from slightly saline that has minimal effect to moderately saline which has restricted effects. It can also be translated to 15%-40% salinity. But to get more precise readings, 27.5% will be marked as the basis of regular salinity level. For this research, we will limit the field of measurement in a regular setting for the electrical conductivity measurement to control the level and for it to remain constant. Using soil salt level field test, we compare reading of salt level in each soil texture. Thus arriving at the main purpose of this research which is to analyze the salt levels in different soil textures and assess the results using Soil Salinity Field Test. STATEMENT OF THE PROBLEM Main Problem: Which soil texture will give a salt level that will approximately be the closest to the regular salinity level mark? Hypothesis: The loam soil. Because it is moderately coarse, has less cation exchange capacity, and has a high water infiltration rate to wash the salt. Sub problems: How does the salt level of each soil composition differ from the mixed soil textures? Does the difference between the soil compositions have relevance to its permeability? What measurements are used when it comes to salt level? OBJECTIVES OF THE STUDY Main Objective: To analyze the salinity level in different soil composition Specific objective: To assess the factors that affect the salt level in various soil textures. Specific objective: To identify which type of soil texture can resist salt intrusions considering its bad impact on plants. SIGNIFICANCE OF THE STUDY When the problem about the salt level affecting wet land and dry land farming was encountered, it gave a potential to this research and formed a basic study. The main goal of this research is to gain knowledge on of the leading causes in failure of farming, and that is the high level of salts. And at the same time, it might find a better solution by finding an efficient way in controlling it through soil composition comparison. The Effects of Sodium Chloride Solution on the growth of Tomato Plants (Lycopersicon esculentum) (Larsen, 2007) Physiology of Salt Tolerance: Annual Review of Plant Physiology (Leon Bernstein and H. E. Hayward, Agricultural Research Division 2000) serves as the first fundamental research for our paper. SCOPE AND LIMITATION The coverage of this research is about the analysis of the salt level in different soil textures. This study covers the Properties of Sodium Chloride which includes its physical properties such as its crystalline form and hypotonic property. Also, the Effect of Level of Salinity in Wet land and dry land farming such as Dehydration and Stabilization. In relation with the part of analyzing the salinity, this research will specifically use Soil salinity yield test. Other topics which will not be covered by the said topics will be excluded from the study and will not affect the research. Chapter II – Review of Related Literature SALINITY Salinity is the amount of salt in a body of water or in soil. Salinity in the soil is caused by natural processes such as mineral weathering or the gradual withdrawal of an ocean (Graaff, 2001)It can also be caused by artificial processes such as irrigation. Dry land salinity occurs when the water table is between two to three meters from the surface of the soil. Also occurs on landscapes that are not irrigated. The salts from the groundwater are raised by capillary action to the surface of the soil. This occurs when groundwater is saline and is favored by land use practices allowing more rainwater to enter the aquifer than it could accommodate. Salinity from irrigation can occur over time, because almost all water contains some dissolved salts. When the plants use the water, the salts are left behind in the soil and eventually begin to accumulate. Since soil salinity makes it more difficult for plants to absorb soil moisture, these salts must be leached out of the plant root zone by applying additional water. Salinization from irrigation water is also greatly increased by poor drainage and use of saline water for irrigating agricultural crops. Salinity greatly affects agriculture because of the fact that salinity in soil produces salt that dehydrates the plant. Buildup of salt within the plants itself also has great effect on them, it shows older leaves which has long exposure to excess salt. The signs that indicate salinity is too high for a plant are slow and stunted growth, small stunted fruits, increased in succulence of leaves, leaves may be darker green or bluish green and leaves may turn yellow or brown, mottle and drop off from the plant. According to (Blaylock, 2004) it happens when too much salts accumulate in the root zone, causing the plants to exert more energy to extract the water from the soil that also gives plants stress. The salinity in the soil is dependent in soil type, climate, weather, use and irrigation routines. As the plants absorbs the water and also the loss of water due to evaporation, the soil salinity then increases because salts become more concentrated. Thus, evapotranspiration between irrigation periods can further increase the soil salinity. Salinity can also affect the physical property of soil by causing fine particles to bind together into aggregates that is known as Flocculation. Flocculation is beneficial in terms of soil aeration, root penetration and root growth. Although soil salinity has a positive effect on soil aggregation and stabilization, but too much salt can negatively affect them and potentially lethal to plants. The primary physical processes associated with high sodium conc entrations are soil dispersion and clay platelet and aggregate swelling. According to (J.D, 1977), salt is a clear to white crystalline mineral that is orthorhombic. It has a boiling point of 1,413  °C and a melting point of 801  °C. Also have a hardness of 2.5 according to the moh’s scale and a density of 135 lb/ft. Salt is also the product of salinity which affects the growth of plants. Sodium Chloride or salt is essential to plant and animal life but can be harmful to both if used at excessive amounts. Salt is also used in food preservation which is called salting and is also one of the oldest known seasoning for foods. In humans, salt is needed in order for the body to survive but as stated earlier, too much salt may cause harmful effects such as high blood pressure in some sensitive individuals. Sandy soil is simply a type of soil that contains visible large particles to the naked eye, usually light in color and stays loose allowing moisture to penetrate easily. It is granular and contains very small rocks and mineral particles. It is form ed by disintegration and weathering of rocks and is easier to cultivate when rich in organic material. It is good for plants since it lets the water go off so that it does not remain near the roots and lead them to decay. SOIL TEXTURE (P., 2009)The forces that bind clay particles together are disrupted when too many large sodium ions come between them. When this separation occurs, the clay particles expand, causing swelling and soil dispersion. Soil dispersion causes clay particles to plug soil pores, resulting in reduced soil permeability. Increased amounts of calcium and magnesium can reduce the amout of sodium-induced dispersion. Soil dispersion hardens soil and blocks water infiltration, making it difficult for plants to establish and grow. The decrease in decomposition causes soils to become infertile, black alkali soils. The main concerns related to the relationship between salinity and sodicity of irrigation water are the effects on soil infiltration rates and hydraulic conductivities. Essentially, the swelling factor predicts whether sodium-induced dispersion or salinity-induced flocculation will more greatly affect soil physical properties. As said in (A.L., 2000). Soil composition plays an important role in all aspects of irrigated agriculture, and the role of soil texture with respect to effects of salinity and sodicity is no exception. Soil texture helps determine how much water will be able to passthrough the soil, how much water the soil can store, and the ability of sodium to bind to the soil. The three main clay types are montmorillonite, illite, and kaolinite clays. On the microscopic scale, each of these clays has a different lattice structure, i.e., different building blocks. This directly affects the ability of sodium to bind to each type. Basically, the more Silt is granular material of a size somewhere between sand and clay whose mineral origin is quartz and feldspar. May be found as a soil or settled under a body of water. Silt has a moderate specific area with a typically non-sticky, plastic feel. Silt usually has a floury feel when dry, and a slippery feel when wet. Silt can be visually observed with a hand lens. It is a loose sedimentary material with rock particles usually 1/20 millimeter or less in diameter also contains 80 percent or more of such silt and less than 12 percent of clay. Clay is heavy, sticky, fine grained soil that combines one or more clay minerals with traces of metal oxides and organic matter. It is mainly composed of fine particles of hydrous aluminum silicates and other minerals, and that is used for brick, tile, and pottery. Clay, a fine grained soil, also differ with the other fine grained soils by means of size and mineralogy. Sand is a granular material that is mainly composed of finely divided rocks and minerals that is very tiny and loose. It came from the disintegration of rocks, consists of particles smaller than gravel but coarser than silt, and is used in mortar, glass, abrasives, and foundry molds. The composition of sand is highly variable, depending on the local rock sources and conditions, but the most common constituent of sand in inland continental settings and non-tropical coastal settings is silica usually in the form of quartz. Loam is the mixture of sand, silt, and clay. Specifically, 40% silt, 40% sand, and 20% clay. These proportions can vary to a degree however, and result in different types of loam soils. This type of soil is good for growing plants because it contains more nutrients, moisture, and humus than sandy soils, have better drainage and infiltration of water and air than silt soils, and are easier to till than clay soils. ELECTROMAGNETISM/ELECTROMAGNETIC INDUCTION It is produced when electricity and magnetism were `unified. The existing connection develops from the fact that an electric current (the flow of electrons in a metal) produces a magnetic field. Electromagnetic induction is the production of a potential difference of voltage across a conductor when it is exposed to a varying magnetic field. SOIL SALINITY FIELD TEST SSFT is a procedure done by (Agriculture, 2000) to measure the salinity level in your soil. It is a test verified by NSW Agriculture in November 8, 2000 but claimed to be less accurate than lab tests by estimated 10%. Its objectives are to assess the salinity level of salinity and texture of the soil sample. A research by (Larsen, 2007) explained the effect of sodium chloride solution on the growth of tomato plants. Its primary objective is to determine how different concentrations of a solution of sodium chloride affect primary growth in tomato plants. CATION-EXCHANGE CAPACITY (CEC) CEC s the number of exchangeable cations, an ion that has a positive charge per dry weight that a soil is capable of holding at a given pH value, and available for exchange with soil water solution. It is used to measure of soil fertility, nutrient retention capacity, and the capacity to protect groundwater from cation contamination. BASE SATURATION The Fraction of exchangeable cations that are base cations (Ca, Mg and K ). The higher the amount of exchangeable base cations, the moreaciditycan beneutralizedin the short time perspective. Thus, a soil with high cation-exchange capacity takes longer time to acidify (as well as to recover from an acidified status) than a soil with a low cation-exchange capacity (assuming similar base saturations). UNIT OF MEASUREMENT FOR CEC meq/100g. or lb/acre. translation from meq/100g to lb/acre, for available nutrients, can be made by calculating, that considers the ion’s valence, atomic weight, and by estimating the soil depth and its density. THINGS THAT AFFECT CEC pH Level CEC is dependent on pH level, due to the Hofmeister series, which describes the relative strength of various Cations’ absorption to colloids. When soil acidity increases, pH decreases, more H+ ions are attached to cations. Inversely, when soil becomes more basic, pH increases, the available cations in solution decreases because there are fewer H+ ions to push cations into the soil solution from the colloids ( CEC increases ). ORGANIC MATTER Organic matter increases the CEC in soil by increasing its available negative charges. Organic matter in soil gives, usually, a positive impact on soil fertility. LIBRARY DETERMINATION extraction with ammonium acetate -Silver-thiourea method (one-step centrifugal extraction ) Chapter III – Materials and Methods METHODOLOGY COLLECTION Gather and prepare 7 containers. After, collect soils of different soil textures with at least 150g each. After collecting the soil textures, prepare 50g of sodium chloride for each sample. PREPARARATION Prepare the gathered materials. The 3 experimental setups will each have 3 containers which will contain the main soil composition and the other mixture of soil composition. Classify each container according to soil composition. Put at least 500 grams of assigned soil composition. To control extraneous variables between each soil, each will be given respective amounts of water in accordance to their usual hydraulic level. And all will be exposed to the same environmental features. And since Silt Soils are most common in successful farming, it will serve as the control group. TREATMENT To ensure the regularity of the amount of soil, the researchers will conduct first observations after applying controlled variables. Using soil salinity yield test, measure the amount of salinity of the 3 main soil composition. Then after ensuring their regularity, do the same procedure to the control group which will be the silt soil and the remaining set-ups of mixed soil compositions. After recording the salinity level, apply 5 parts of water per 1 part of soil. At least 2.5 liters of 25% saline water must be added to each experimental unit. After letting the mixture set, apply the Soil Salinity Field Test. Take a soil sample and leave it to dry as long as possible (leave sample bag or container open for at least a day to let moisture escape). It can be oven-dried on a tray in a cool oven. The samples must be crushed and dried so there are no large aggregates (clods of soil 2mm or larger). You may need to crush these aggregates with a mortar-and-pestle, rolling pin or hammer. Remo ve any foreign Matter, plant material and stones from the sample. The test involves adding one part soil for every five parts of water. So if you add 50g of soil (weighed on scales) to the testing container, then you need to add 250ml of water. Shake the container for three minutes to make sure the salts dissolve. For clay loams and clay soils, more shaking (for one minute every 3 minutes repeated three times) will bring more salts into the solution and increase the accuracy of the test. Allow the solution to settle for a minute before testing. Place the salinity meter in the solution (but not in the soil in the bottom of the jar) and read the display once it has stabilized. Wash the meter electrodes and sample jar with distilled or rainwater, and dry. Convert your salinity meter readings to soil salinity (ECe) by multiplying the value by the Conversion Factor based on the texture of the soil sample. For sand multiply it to a factor of 17. For Loams multiply by factor of 9.5. Clay l oams and light loams will be multiplied by 8.6 and sandy loams by 13.8. After replications of procedures, increase the salinity level content of the water applied to the soil by 25% until it reaches a max percentage of 75% salinity level. At the end of the experiment, gather the data that was recorded. Analyze and compare the gathered data as to which soil composition gave a salinity reading that is approximately the closest to the regular salinity level mark. Flowchart  ­Ã‚ ­ Statistical Treatment: One-Way ANOVA Bibliography and Sources A.L., M. (2000). Role of Soil Composition in agriculture. Retrieved from Soil compositions. Agriculture, N. (2000, October). How to Texture Soils Test for Salinity. Retrieved from Salinity notes: http://www.dpi.nsw.gov.au/__data/assets/pdf_file/0008/168866/texture-salinity.pdf Blaylock, A. D. (2004). How Salinity can greatly affect Soil Production. Retrieved from Effects of Salinity level on Soil. Graaff, V. d. (2001). Salinity : Overview. Retrieved from Salinity. J.D, R. (1977). Salt or Sodium Chloride Properties. Retrieved from Salt. Larsen, S. (2007, October 15). The effects of Sodium Chloride (NaCl) Solution on the growth of tomato plants (Lycopersicon esculentum). Retrieved from https://www.pcc.edu/library/sites/default/files/sodium-chloride.pdf P., S. (2009). Soil composition properties. Retrieved from Soil Composition. Queensland. (2007, July). Natural Resources. Retrieved from Facts Land Series: http://222065430381538974.weebly.com/uploads/1/1/5/2/11520542/measuring_salinity_-_derm.pdf Chapter IV – Data Analysis and Research Findings Chapter V – Discussions and Recommendations Summary Purpose of the Study The purpose of this study was to analyze the salt level in different soil textures. For the researchers to be able to identify which soil composition/s give salt level that is approximately the closes to the regular salt level mark. Restatement of Research Questions The research questions for this study were: (1) To identify the variability of salinity level when two soil compositions are mixed. (2) How does the salinity level of each soil composition differ from the mixed soil compositions? (3) Does the difference between the soil compositions have relevance to its permeability? Research Methodology The researchers used qualitative research method. Conclusion The findings in this study indicate that loamy sand has the most salt tolerance than the other samples we have gathered and clay having the lowest.

do You Believe In Fate Neo :: essays research papers

â€Å"Do you believe in fate Neo,† Morpheus asks. â€Å"No,† Neo responds. â€Å"Why not?† â€Å"Because I don’t like the idea that I’m not in control of my life,† Neo explains. In this scene (from the blockbuster smash hit The Matrix) a parallel can be drawn between Neo and Bigger Thomas (the protagonist in Richard Wright’s novel Native Son) because Bigger shares Neo’s feelings about fate. Bigger Thomas, a boy who has grown up with the chains of white society holding him back from opportunity, has only one solution to escape from the white walls which are closing in on him. His solution is to kill two women (one of whom is the daughter of a rich white family) to demonstrate that he is fed up with his life being controlled by fate. The author does an exceptional job in creating a theme that illustrates how racism takes away the self-control of the oppressed, thus leaving their lives in the hands of fate. The theme that racism do esn’t allow the oppressed to control their lives can be demonstrated through the symbolism of the rat, the poster outside of Bigger’s apartment, and Bigger’s encounter with the â€Å"nut† in jail.   Ã‚  Ã‚  Ã‚  Ã‚  To Bigger’s chagrin he is not in control of his life. His life is dictated by a large group of white people’s false belief of superiority. With every cause there is an effect, and the effect that this burden has on Bigger turns him into an animal, living for only one thing, survival. â€Å"There he is again, Bigger!† the woman screamed, and the tiny, one-room apartment galvanized into violent action. A chair toppled as the woman, half dressed in her stocking feet, scrambled breathlessly upon the bed. Her two sons, barefoot, stood tense and motionless, their eyes searching anxiously under the bed and chairs. The girl ran into the corner, half stooped and gathered the hem of he slip into both of her hands and held it tightly over her knees†¦ A huge black rat squealed and leaped at Bigger’s trouser-leg and snagged it in his teeth hanging on†¦ Bigger aimed and let the skillet fly with a heavy grunt. There was a shattering of wood as the box caved in†¦ The woman screamed and hid her face in her hands. Bigger tiptoed forward and peered. â€Å"I got ‘im,† he muttered [.] (4-6) At first glance this quote could seem meaningless, but later the reader learns in the book that a parallel can be drawn between the big black rat and the big black Bigger.

Discuss the Role of Neural and Hormonal Mechanisms in Aggression Essay

Support that serotonin leads to aggressive behaviour has been found, as human and animal research suggest that serotonin levels influence aggression and violent behaviour. There seems to be a negative correlation as low levels of serotonin, increase aggressive behaviour. Although we cannot determine a causal link as the cause of aggression cannot be attributed solely to serotonin. The link between dopamine and aggression is not as clear as with serotonin. Although there does seem to be a relationship between high levels of dopamine and aggression. Dopamine is produced in response to rewarding stimuli such as food, sex and recreational drugs. Research suggests that some individuals try to find aggressive encounters because of the rewarding sensations it brings, caused by increases in dopamine. Researchers have also suggested that people can become addicted to aggression, in the same way that they become addicted to food, gambling, etc. Ferrari et al. made a rat fight for 10 consecutive days. On the 11th day it was not allowed to fight. Researchers found that in anticipation of the fight the rat’s dopamine levels had raised and serotonin levels had decreased. This shows that experience had altered the rat’s brain chemistry, gearing it up for a fight. This supports the idea that both neurotransmitters are involved in aggressive behaviour and suggests a possible cognitive element in aggression i. e. the anticipation the rats experienced seemed to altar the levels of neurotransmitters in the brain. It is hard to extrapolate these results from animals to humans as it is unclear whether the influence is the same for both. Hormonal mechanisms such as testosterone and cortisol, are chemicals which regulate and control body functions. It is said that hormone levels affect a person’s behaviour. An example of a hormone which affects body functions is testosterone. This hormone is found in both men and women, but in larger quantities in men. Testosterone makes aggression more likely, but there is not a causal link. Nelson found a positive correlation between levels of testosterone and aggressive behaviour in male and female prisoners. However these levels were not measured during the aggressive act so we cannot be sure whether hormonal levels are a causal factor. Observational studies of children have shown that they tend to become more aggressive once they enter puberty and their testosterone levels rise. Pillay found that male and female athletes involved in aggressive sports have higher levels of testosterone than those involved in non-aggressive sports. Despite these findings we can question this using the basal and reciprocal model of testosterone. Did the male and females have high levels of testosterone and so were more competitive and dominant, therefore enjoying aggressive sports as stated by the basal model of testosterone. Or were the high levels of testosterone in those involved in aggressive sports exerted due to the aggressive sports, as stated by the reciprocal model of testosterone. Whether testosterone causes aggression has not been proved, although it does have an effect on aggressive behaviour. It also plays a big role in encouraging other behaviours i. e. dominance, impulsiveness and competition. These are all adaptive behaviours in human evolution and therefore very important for our survival as species. Despite this, this is a deterministic view of human behaviour. If aggression is completely controlled by neural and hormonal levels then it follows that individuals don’t exert any free will over their actions and that their behaviour is completely determined by their biochemistry. There are many individuals who have high testosterone levels, who may choose not to act aggressively even though they may be provoked. This demonstrates how a person can exert their free will and choose to override biological impulses. By only understanding aggressive behaviour from a biological approach, these explanations can be criticised for being reductionist. Simpson argues that testosterone is just one factor linked to aggression and that the effects of environmental stimuli such as heat and overcrowding have at times been found to correlate strongly. Likewise social psychological theories of aggression, e. g. social learning theory and deindividualisation have also received a lot of research support, for example the studies conducted by Bandura and Zimbardo.

Global Economy Essay

This paper sets out global scenario of state of affairs of different major national economies of the world. The emergence of a global economy indicates or presupposes interconnectedness of the different national and regional economies. The formal opening a global economy was started by formation of International monetary fund soon after the world war. Because of this, giving of surplus resources of the wealthy countries to the needy ones supplemented by free trade among nations became a reality thus fostering international brother hood and extenuating war possibilities. After all, wars were mostly for economic reasons though there were ideological excuses being argued for the wars so far held. After seeing that global economy is mainly to reduce regional imbalances, it has been concluded that because of some ideologies though may be real and inevitable due to natural laws, the present tempo of globalizing the economy should not be given up. Global Economy Global economy is what emerged as result of unified free markets of the world following the Bretton Woods Conference by which multilateral trading system characterized by banking regulation and dollarization of the monetary standards and Keynesian economics came into being. International Monetary Fund, International Reserve Bank and other international agreements of the Breton Woods Conference also paved way for growth of Global economy. The General Agreement on Tariffs and Trade (GATT) and World Trade Organization (WTO) also made Global economy an inevitable development. The world trade witnessed an increase of 15 percent each year during the period between 1953 and 1973 which resulted in betterment of individual national economies. Since there was a set back for the United States’ economy after the oil crisis in 1973, Bretton woods system and Keynesian policies lost their importance. After 1973, multinational business organizations started emerging all over the world thus making global economy an irreversible phenomenon. Subsequent revolutions in communications, emergence of computers and fiber-optic technology that facilitated instantaneous international transactions made global economy with practically no national boundaries keeping in view the cost-efficiency alone as the guideline. Globalization and Foreign Direct Investments made global economy as a concomitant feature. (Abrahams) Global Economy signaled transition from economic activity in agriculture to services. Because of this, GDP grew at a rapid rate for OECD and advanced counties. Before the advent of Global economy which gives power to market goods and services across nations, United States of America was controlling the entire economy of the world. Now the power of the U. S. A has been reduced to 25 % of what it was before the emergence of world economy. (economywatch) Hence Global economy is no longer driven by the U. S. though slow down of its economy will hurt some countries according to the economist Ed Yardeni of Yardeni Research, New York. Many countries from China to Persian Gulf States have strengthened their economies by paying off their external debts and built up their huge cash reserves to boldly absorb any future shocks to their economies as opined by Maria-Laura, Deutsche Bank, Frankfurt. The BRIC (Brazil, Russia, India and China) countries are busily engaged in acquiring consumer goods from Cell phones to Cars more than the U. S. as reported by Jim O’Neil of Goldman Sachs. This has been a blessing for Japan and South Korea that supply to these countries steel, heavy equipment and construction materials. In particular, China has been building steel mills and petrochemical plants reflecting in the order books of Seoul based Hyundai Heavy Industries. Europe is no exception. It supplies cars and machines tools to Asia and Middle East as observed by Daimler Chrysler’s Chief Executive. India which is not export oriented as China, however wants a stable global economy in general and a stable U. S. economy in particular as opined by the Chief Executive of Mahindra and Mahindra Ltd who manufacture cars and tractors in India with $ 4. 5 billion annual turnover. In a way all-round growth in global economy would be good for the U. S. also in due course because of its earnings that come from its overseas enterprises. In fact the recession in the Housing sector of the U. S. is being offset by the 29% of its current trend of corporate profits as against the 20% at the beginning of this decade. Hence America’s reduced direct role in the global economy need not be viewed with dismay. (Reed Staley 2007) G8 Summit 2007 The Summit Declaration of 7 June 2007 by G 8 countries has announced its agenda for Global Growth and stability. Para two of the declaration says that though global economy is in sound condition, readjustment of imbalances has not been fully achieved as it would take equally longer time for readjustment as it took for building up. As in Para 3 of the declaration, the strategy of G8 for readjustment of global imbalances has resulted in the U. S having stepped its drive for augmenting domestic savings to reduce its federal budget deficit, Canada and Europe having been witnessing growth in employment, domestic demand and budget surpluses besides structural reforms in Europe in particular. In Japan too, there has been ongoing structural reforms and consolidation of fiscal measures for a sustainable economic growth. As for Russia, it has for the last seven years achieving domestic consumption resulting in sound economic development due to its macroeconomic policies and fiscal management. The declaration further says in Para 4, that outside member countries in Asia have also set in motion flexible exchange rate systems and financial strengthening conducive to readjustment of global imbalances. Oil exporting countries have stepped their investment on oil production and have considerably increased their imports also. The declaration states that as cross-border investments are the key to the development of global economy, the members are committed to maximizing the said investments. The G8 will meet again in 2009 to review the progress it has made towards achieving these objectives. Leaders from the countries of Brazil, China, India, Mexico and South Africa who had attended the G8 summit at Heiligendamm, were taken into confidence by G8 member countries that global imbalances should be rectified by their joint efforts recognizing that individual efforts will not yield results. The new partnership between G8 and the above said countries have agreed on a ongoing dialogue on four issues namely 1)promotion and protection of innovations, 2) making available an open investment conditions towards improving the freedom in investments couples with social responsibility commitments, 3) adopting a common responsibility towards development of Africa, and 4) knowledge sharing in the areas of reduction of CO2 emissions, tackling the effects of climate change in line with conference talks at Gleneagles and St. Petersburg. (G8 Summit 2007) Advantages Global economy enables achieving large-scale economies with the industrial sector enjoying the advantages of obtaining labour, capital and technology at low cost. Besides it has brought about global peace and peaceful coexistence. (economywatch) Disadvantages Because of proliferation of transportation across the world, environmental problems such as increased carbon emissions, noise levels have arisen. Domestic labours lose their jobs due to comparative advantage reasons. (economywatch global economy) Global economic trends This economy largely revolves round advanced countries such as U. S. , U. K. , France, Germany, and Japan. In addition neo-rich countries and emerging economies like China, India, Brazil, Mexico and Argentina have also been causing ripples in the world economy. Recession in the U. S. economy is still continuing though it is being down played. During the period of 1970 to 2001 agricultural activities fell by 2% in advanced countries and by 11% in developing countries. Though 55% of the population is engaged in agriculture in developed countries, due to excessive labour and low productivity, contribution to total output is low. On the other hand in the case of China, a developing country where though 45 % of the population is engaged in agriculture, contribution to the total output i. e. GDP is 12 %. ( economywatch-global economy)