Analysis of the Bluest Eye Prologue - 727 Words

Each section of this prologue gives, in a different way, an overview of the novel as a whole. At a glance, the Dick-and-Jane motif alerts us to the fact that for the most part the story will be told from a child’s perspective. Just as the Dick-and-Jane primer teaches children how to read, this novel will be about the larger story of how children learn to interpret their world. But there is something wrong with the Dick-and-Jane narrative as it is presented here. Because the sentences are not spread out with pictures, as they would be in an actual reader, we become uncomfortably aware of their shortness and abruptness. The paragraph that these sentences comprise lacks cohesion; it is unclear how each individual observation builds on the†¦show more content†¦There is also a connection between action and questions of morality—the sisters feel guilty that their seeds have not grown, and they look for someone to blame. These are the kinds of connections that give a story meaning, in opposition to the seemingly meaningless order of the Dick-and-Jane sentences. Thus, Morrison’s two-part prologue has set up a structure for the work as a whole, and the novel moves between the extremes of the meaningless, fractured, and damaged (represented by the first part of the prologue), and the meaningful, lyrical, and whole (represented by the

Retailing in China Free Essays

string(104) " and stick to their distinct features are the requirements of localization for transnational retailers\." Therefore, the aim of the present study is to work out a high-level plan of successful localization trainees. By analyzing the status quo of Chinese retail market and the current situation of transnational retailers in China (including the case study of Careful), this paper explores how consumer behavior, culture and government roles can affect the localization strategy and creates a list of formats for successful localization strategies. The paper proceeds in four sections. We will write a custom essay sample on Retailing in China or any similar topic only for you Order Now First, the concept of retailing localization (3 layers of localization) is Introduced as an antidote to the deficiencies of the prevailing study approaches to transnational retailing. One background sections hen follow. While the first part charts the status quo of Chinese retailing market and the rapid growth of transnational retailing, the second profiles the opportunities and threats transnational retailers face in the process of localization. Then, by studying the case of Careful (China), the strategy analysis of localization in China for transnational retailers is profiled, including the analysis of the 3 layers of localization – namely localizing the strengths, localizing the products and operational system (ups) and localizing management and corporate cultural (PEP). Finally, the wider implications of this study for transnational retailers in the process of localization are put forward in the concluding section. 1. Introduction 1. 1 The Problem and the Study Objective Admit it or not, the relationship between transnational giant retailers and China has become a love-hate one. On one hand, China Is virtually any retailer’s largest opportunity for growth In the 21 SST century. With its booming economy, fast growing domestic markets and untapped talent base, China offers massive business opportunities and great strategic importance for retail companies all over the world. A large and growing consumer base of 1. Billion people. National retail sales reached some 837$ billion in 2005 with an increase of 12. 9% over 2004 It is estimated that national retail sales will exceed some 1250$ billion in 2010. Source: http://www. Showbiz. Com. CNN/ SMS. PH? Org=show=33431 =l On the other, China’s unique cultural, business, and political environments pose significant challenges to transnational retailing operations that require a high degree of localization. Based on the fact that the localization of retailing Is much more complicated and comprehensive than other Industries, retailers usually find themselves puzzled and bewildered 1 n China. Indeed, many r etailers have fallen prey to these challenges in the past 10 years AT operations In canal toners nave Eden unrolling extreme narrators In ten process of localization. The concrete causes of their problems vary. However, one common underlying characteristic is that they all, to some extent, failed to conduct successful localization strategies. The initial objective of this paper is to look at the problems retailers have encountered and explore the flaws in their localization strategies. The present study has one more objective: to work out a solution to a racial problem about how the transnational retailers can deal with the socio- cultural differences in China and conduct successful localization strategies. On the surface, these challenges appear difficult to overcome; yet, when we study the case of the multinational retailing corporations operating in China today, it is evident that some have achieved exceptional success based on their well-developed localization strategies. The experiences of these successful companies can be mined to create a list of formats which can help diagnose localization blunders of transnational retailers in China. Thanks to my internship experience with Chuan as Sale Management Trainee, I have been able to investigate retailing operations as an insider and had more profound understanding on this study. . 2 Current Study The uniqueness of Chinese retail market and the high demand of localization for retailing industry both in degree and content, make the research on the localization of transnational retailers in China an extremely interesting and meaningful one. While many previous researches have been focused on the localization of transnational corporations , only a few have explored the localizing strategies of retailing operation. Therefore, it is not an easy task to study the localization of retailing operations. However, by referring to those previous studies in relating fields, I have been able to explore deeper about this subject. The study of this paper is based on a mixture of primary and secondary sources. This material is supported by critical examination of longitudinal data from annual reports, company documents, as well as scientific work of business magazines and web site. 2. Localization 2. 1 The Definition of Localization When a company conducts global expansion, it is surely to be involved into the process of communication with local customers. It is therefore necessary for the company to get familiar with local culture, to study different customs, and to make proper adjustments to their strategies according to the varied response of customers. The executive of Careful once said 2 when doing market research in China that, â€Å"A store is a miniature of the country or city it locates in, so it should be adapted to the local environment. † There are many definitions on localization from different angles. Some of them are based on cultural and linguistic context, some focus merely on localizing the products. However, as for he definition of retailing localization which is a highly territory-embedded process, more practical and multidimensional view is required. Definition based on culture context According to the Localization Industry Standards Association (LISA), localization Involves: ‘alkali a product Ana making It linguistically Ana culturally appropriate to the target locale where it will be used and sold. ‘ 2. 3 Three Layers of Localization for Transnational Retailing 2. 31 Two Misconceptions of Localization A. When talking about localization, people usually focus merely on product or service. Nevertheless, a successful localization strategy for retailing is much more complicated and comprehensive, including also the localization of operating system , management system ,even corporate culture and business ideas. B. A very important aspect of localization is usually ignored, that is, to bring in and localize the advantageous strengths of giant retailers. To retain their core values and stick to their distinct features are the requirements of localization for transnational retailers. You read "Retailing in China" in category "Papers" In other words, localization and sticking to their uniqueness or strengths never contradict with each other. Instead, a sound localization occurs under the precondition that the strengths are maintained and enhanced during the process of development and adjustment. 2. 32 Layer 1 : to Localize the Strength of Giant Retailers A. Strength of giant retailers When talking about the localizing of strengths, it is significant to identify the strengths of giant retailers in the first place. Giant retailers have achieved great success in the world market largely because of the competitive advantages developed over decades of operation. Indeed, marketing and distribution expertise adds value at foreign-owned detailing stores. For Chinese consumers in particular, who are increasingly conscious about food safety and hygiene and getting sick with the environment of traditional Chinese markets, transnational retailers offer greater reassurance and a wider choice than traditional markets. ‘Compared with a Chinese supermarket, the service is better, the choice is wider, the food is fresher and they provide shuttle buses,’ said Yang Shaping, a retired woman who spends about 100 Yuan during her weekly shopping trip to Wall-Mart. (The Guardian, 25/3/2006) The strengths of giant retailers are listed as follows: a. Abundant capital, their scale, a stable flow of finance and rapid turnover b. Advanced technology and advanced distribution, logistics systems c. Advanced marketing and management experience 3 d. Well-established global competitiveness, corporate image and culture B. Three phases of localize the strength While it is important to note that transnational giant retailer have their strengths , more attention should be paid to the localization of these strength due to the fact that no business idea or system can achieve success by simply copying unless they are made suitable to the local market environment. Wall-Mart’s Cam’s Club is a good case in point: The most important feature of Cam’s Club is that it is located in the countryside. It has achieved great success in the United States, however, it turns out to be a total failure in the Chinese market because only a small proportion of Chinese people own private cars. What’s worse, the transportation system in China is far from well-developed. Consequently, city dwellers have difficult access to Cam’s Club located far away from their home. Realizing this problem, Wall-Mart soon decides to open stores in the cities to accommodate itself to the Chinese market. To localize the strength, the first step is to bring in advanced technology and management system to a foreign market for that is exactly winner ten AAA value Lies In. I en Toweling step Is to accost tense strengths to certain economic and cultural environments. Next, after localization reaches certain degree, hopefully, this strength can be further developed. 2. 33 Layer 2: to Localize Product and Operational System According to Farley dictionary, retailing is the functions and activities involved in the sale of goods and services to consumers for their personal, family, or household use. It is obvious that retailing as an industry has intense communication with consumers, the service retailers offer is, by large extent, to provide customers with products they need. Due to different culture, custom, demographics, different group of people in different region have varied tastes over products. Therefore, retailers have to make careful investigation and analysis into consumer behavior and preference in order to enhance consumer satisfactory. A thorough localization strategy in product structure is critical to transnational retailers. As for sourcing, localizing the sourcing in local economy enable transnational retailers to meet needs of local customers and reduce delivery cost. Top retailers have come up with a series of advanced business modes and operation system during long time of operating experience. But this modes and system should be integrated into and modified with local environment and uniqueness, as explained above in the elaboration of the first layer of localization. 4 3. Retailing Transnational in China 3. The Status Quo of Chinese Retail Environment Like everything else in China these days, the change of retail market is at a spectacular speed and on a scale the world has never seen before. It is already one of the fastest expansions in retail history, but analysts say it could get faster as international giants race for territory in a $billion retail market that is growing at a double-digit pace. The domestic supermarket leader is Baling, with nearly 2 000 stores, and the foreign legion is led b y Careful, which has 70 hypermarkets, eight supermarkets and more than 100 discount shops. Wall-Mart currently has 56 megastars mostly in the southeast with about 30 000 employees. But even after it opens 20 more stores this year, its sales are unlikely to enter the top 10 of China’s major retailers. Germany’s Metro is the No. 4 foreign player, with 24 stores and another 40 within five years. Foreign investment has formerly been focused in Shanghai, Beijing, Sheen and other large eastern cities. But, as a sign of the growing power of Chinese consumption, many of the new shops are being opened in smaller cities. 3. Opportunity and Threat Analysis 3. 21 Opportunities for Retailing Transnational There is no shortage of incentives for foreign retailers in China. For many Chinese people, price is no longer the priority. Foreign retailers are also Telling It sealers to set up snoops Decease many restrictions n overseas firms were lifted in 2004 under China’s World Trade Organization commitments. A. The largest consumer market With a population of 1. 3 billio n and massive markets, China is attracting intense interest from the world as a consumer market. Over the past 20 years, retail sales in China have Jumped nearly 15% annually, to some $837 billion in 2005 making it the third-largest market on earth. The average annual income of China’s 1. 3 billion people is less than $1 500. But the middle class is growing fast particularly in eastern cities and it has enough disposable income to start focusing on brand, safety, quality and taste. Consumer demand for modern shopping environment Since the mid sass, the high demand for modern shopping environments in China has been growing due to the rapid economic growth and rising levels of affluence. And consumer expectations have shot up even faster. Accompanied by the increase of purchasing power in China since then, both traditional supermarkets and department stores were not be able to meet the requirements of one-stop 5 shopping and shopping as leisure. Just a few years ago, most Chinese were content to line up in state-owned stores to buy whatever meager products were available, ND then shuffle off to unsanitary outdoor markets for meat, eggs, and vegetables. Now both local chains and the multinationals are pushing out the stodgy old state retailers and mom-and-pop shops by building big, convenient stores in central locations in Beijing, Shanghai, and Gunshot. Huge mass retailers emerged by providing customers with a great variety of goods at low cost and one-stop shopping. Therefore, it is undoubted a golden time for retailers to enter a market that shows great assurance to them. For example, Macro from the Netherlands first entered Taiwan and quickly captured more than 30% market share in 1989. B. The change of policy from a protectionist orientation toward liberalizing In keeping with the conditions for China’s membership in the World Trade Organization, Beijing on Deck. 1, 2004 lifted most restrictions on foreign retailers. Gone are limits on the number of stores, rules confining them to large cities, and regulations capping the foreigners’ stake in local ventures at 65%. C. Regional advantages of Chinese market Cheep and sufficient labor resources: with its vast population, China is always able to provide transnational retailers with abundant labor force which requires relatively low ages. Moreover, Chinese employees are far more reliable than their counterpart in the host countries of international giant retailers. Cheap merchandises: the cost of many products in China is much less than in developed countries because of the cheap labor, which allows transnational retailers to make reasonable sourcing decisions both in China and the world. 3. 22 Threats for Retailing Transnational Given all the opportunities presented by China’s growth, many NC retailers are eager to gain access to this market. The country unique traditions, history, culture, and overspent policies, altogether mean that doing business in China can be a complicated and time-consuming undertaking. Foreign retailers interested in gaining access to China face lots of challenges which they must attempt to solve or they will turn away. A. Intense competition from both transnational and domestic companies Competition from transnational companies There has always being fierce competition Detente gallant retailers In ten essences market; no one wants to De lagged Denver. As Tiff Gill, senior manager of the Kurt Salmon Associates Consultancy said, ‘All the big players are engaged in a turf war. It is about being first and getting as much coverage in as many cities as possible. This is a period of very aggressive growth. We are bordering the top end of the curve. But there is a possibility that investment could grow even faster. ‘(The Guardian, March 25, 2006) Many U. S. And foreign retailers are accelerating their investments in China, spurred by further easing of government restrictions and the allure of the world’s fastest-growing consumer market. These giant retailers are engaging in fierce competition, opening many new stores in order to take advantage of the high rates of growth in this segment of the detail market 6 B is also pushing hard. The British firm’s owner, Kingfisher, plans to increase the number of its stores in China from 49 to 100 by 2010. Kea has also caught the expansion bug. For several years, it has had only two superstores in China, but it plans to open two a year from now on. Competition from Chinese domestic companies Chinese sellers have the edge over foreign rivals, strengthening their presence more rapidly at lower expenditures. Their understanding of the local market and well-developed sales networks enable domestic retailers to respond more quickly and react more flexibly to market changes. With the foreigners attacking their home turf, Chinese retailers are fighting back. Take China Resources Enterprise Ltd. , which operates more than 1,700 supermarkets and hypermarkets, including China Resources Vanguard stores for example, the retailer has trimmed its staff to boost profitability, and has sought to improve management by raiding the foreign chains. Today nearly half of the middle and senior managers in Acre’s retail unit used to work at foreign-owned stores. Those foreign-trained managers have brought in marketing expertise. For instance, to build brand loyalty, CREE rewards frequent shoppers with discounts, and the company has lolled out more than 60 private-label products, including bottled water, shampoo, and body lotion. And CREE is moving upscale. The company this year expects to open four â€Å"lifestyle† stores offering higher-end products. Plans call for an additional 20 such stores within three years. Chinese government’s ultimate goal is to create a dozen or so big local players that will be strong enough to compete with the multinationals at home and expand overseas. It is not possible for the Chinese government to allow foreign retailers to take the dominant position in the Chinese market. B. Diversified consumer behavior Chinese people have their own unique characteristics, considerably different from, sometimes contrary to, that of Westerners. Consequently, Chinese consumers have their unique buying behavior, buying motive, their preference on merchandise and taste on design etc. Therefore, the marketing strategy to penetrate Chinese market should be tailored to these Chinese characteristics. Unique Chinese characteristics * Chinese adapted to catering to authority and to harmonize with others. Chinese have more interest In unman Telling Ana mementos than clientele or logical concerns. In terms AT KICK read, literary books rate more highly than scientific books, compared with westerners. 2003:128-161) Chinese culture is built on trust, relationships, and mutual respect. * Negotiations are normally bottom-up and informal. (Comfort, J. 2001 : 23 -26) *The concept of face’ is very important Avoiding action that could be perceived as anti-china, coercive, or condescending. Chinese purchasing behavior and recent trends * The Chinese display a strong suspicion of cheap products combined with a desire for bargains. The typical Chinese shopper engages in habitual comparison shopping rather than 7 impulse buying, typified by the saying, ‘Never make a purchase until you have compared three shops. ‘ Nevertheless, shoppers quickly snap up items perceived to be bargains. * Generally speaking, Chinese are fickle customers with little brand loyalty. (Kate-if, lee 2003: 10-13) When selecting purchases, the Chinese tend to attach more importance to the reputation of the item among the community they belong to, such as colleagues, friends, neighbors than to the performance of the goods or how well they suit their lifestyle. Thus, penetration of all communities is important for successful marketing in China. * Laying great emphasis on freshness f food: * There are also numerous new trends for Chinese consumer, which makes it difficult for overseas retailers to sensor and follow. A. Being increasingly conscious about food health and hygiene b. Issues of obesity and nutrition amongst children are also of increasing concern. Double-digit growth in the fast food and snack industries, changing lifestyles and a uniquely Chinese legacy – the one child policy -? are key drivers. C. Concerns focused on environment, safety have accelerated in the wake of CARS, avian flu and widespread pollution, prompting a wider consciousness about product safety – from ice cream to I-pods. And, while perhaps sporadic and not yet conscious, a linkage between consumer rights and wider environmental concerns is beginning to emerge. D. While still evolving, the expression of consumer rights in China marks an important stage on the road to a greater collective social conscience, which, for so long, has opted to be quietly oppressed by those in authority. 4. Localizing the Strength Giant retailers have all establish a prestige during long time of operation. Yet, in China they may encounter unexpected situation result from the uniqueness of Chinese market. Consequently, retailers should be clear about what detergents can remain effective and what should be changed and localized. While Careful draws on its network system in its global operations (e. G. For certain IT and logisti cal systems), most aspects of its activities are strategically localized to meet the specific characteristics and needs of the Chinese market and its business, political and consumer cultures. Generally speaking, the key success factors for Careful, which are applied worldwide, are: one-stop shopping, extremely low prices, full range of choices, self-service, and free parking. These factors can be viewed as the strength of Careful. To remain competitive in China, Careful bought in these strengths with her, adopting flexible two-stage philosophy to localize her long-established strength and achieve stable growth. At the 1st stage, to enable branch stores to smoothly operate as fast as possible and to maintain high turnover. Meanwhile, to decentralized authority of set-up branches to link with community development that Totally leads ten Increases AT local tax, employment Ana Turner proselytes AT communities, Careful decides to set up a new store after the investigations of location, store space and neighboring purchasing power. For example, she built a whole-selling or green store in industrial region and a general retailing or blue store in residential ones in Taiwan. By adopting this strategy, Careful could capture both big and 8 small accounts in one shot and then grow much faster than her rivals in the early stage of market entry. At the 2nd stage, Careful focuses on customers, personnel training and market channels. She gradually enhances service quality, product innovation and emphasizes personnel cultivation. Frenchmen take the positions of top-level management constantly to infuse management philosophy of ‘serve customers’ and ‘action orientation’ into each store overseas. When walk into any stores of Careful, you will see many staff walk around to replenish stocks all the time. The manager in charge of a store also wanders around the store once it is open. Careful further adopts strategic alliances to develop private label products to supply more offerings so as to meet the needs of one-stop shopping of Chinese people. At the same time, utilizing the system of commerce automation to centralize the purchasing matters of all stores, Careful could coordinate orderings, stock management and data processing for better control and decision-making. . 33 Public Relation In China, the localization of relation is the core of strategic localization. Chinese people pay special attention to the harmony of community. To deal with ‘relation’ in China is a matter of delicacy to transnational retailers because, for one thing, the relation-business pattern is very much different from their operation in western countries; for another, it is essential to their success in the Chinese market. The most successful retailing companies have been willing to exchange short-term profits for long-term success, short-term employee productivity for long-term employee development, and short-term expedience for long-term government trust. Relation with government As a special Chinese characteristic, good government relationship is very important for companies. The government is not only a major consumer (government procurement) , but it is also the main policy maker and opinion leader. Learning how government works and how to establish good relationships is a critical step. A foreign company that is considered a friend o government will be granted favors such as a heads-up on legislation changes or inside advice on how to do business. Conversely, a company that is deemed unfriendly will suffer consequences such as negative comments about its products or passage of laws that exclude it from doing certain business. Getting on the wrong side of a key government agency can be disastrous. Interestingly, Carouser’s relationship with the Chinese government is a love-hate one. She has made full use of the loopholes in government regulation to dominate the Chinese market, while at the same promoting employment and improving living standard. Relation with Partners Careful is good at choosing and maintaining local partners. She is always n seek of experienced local retailers actively and establishing cooperation with them to get Tambala to ten local market as soon as poss. Ole Ana gain support In sourcing, human resources. 9 5. Conclusion Further Implications for transnational retailers operating overseas Improving crisis management capacity When operating in foreign country, retailers are always confronted with problems. What transnational retailers need to do is to improve crisis management capacity. Take Wall-Mart’s bean curd crisis for example, instead of responding to the problem actively, it remained science long before giving a suitable explanation, which had ruined its image in Gudgeon seriously. When facing crisis, it is important to make quick response because silence may be interpreted as being indifferent and irresponsible by local consumers. Then, active investigations should be carried out immediately to find the causes. Finally, the existing problems need to be solved as soon as possible. Shaping humane culture That most retailers prefer on- going promotions to attract new customers and retain old ones is totally different from everyday low price and no price promotion practices of Wall-Mart. An open and tolerating culture of Wall-Mart could endure over time because managements treat employees as their associates. They show respect to each other and share both profit and knowledge that lead to the creation of a harmony organizational climate. Therefore, companies ought to develop themselves not as a workplace but a learning institution with the culture of caring and sharing. Combining sales channels Retailers could combine sales channels of physical stores and virtual ones to widen their accessibility to potential customers. The virtual shops could not only increase attention sales, but also accumulate market information for further investigation. Regarding localization as a two-way process Localization needs to be read as a potentially two-way process that is not simply about the transnational retailers adapting themselves to specific market conditions. Certain retail formats and technologies developed in particular contexts may then be diffused to other country operations, including the home market. Samsung-Tests, for example, has developed an IT system that has subsequently been rolled-out across the company, and is currently home to a ‘global’ team working on e-commerce technology. The emergence of China will be the single most important economic event in the next decade. Along with it will come tremendous business opportunities, a large pool of talent, and many powerful companies. The stakes are high for retailing company. If it fails, another company or product could become a Chinese national standard, its products could be excluded from government procurement, and its image could be destroyed. If it succeeds, it stands to gain sustainable and predictable profitability, win-win partnerships with the Chinese government and companies, and great employees from a pool of amazing talent. This paper describes a high-level plan of how to achieve this success by localization in China, by learning from other companies’ success and failures. First, a company must localize 10 Localization strategy AT Remonstration Retailers In c in 3 layers. Then, these strategies should be adapted to unique Chinese characteristics. In addition, giant retailers needs to improve crisis management capacity, shape humane culture, and develop greater information system. By carrying out the proposed strategy of localization, retailing companies can realize their potential in China by assisting China to realize her potential in the 21st century. 11 How to cite Retailing in China, Papers

Topic Proposal free essay sample

For my research paper, I am considering a paper on same sex marriage. I have chosen this topic because for some reason I feel that same sex marriage should be allowed because people should be allowed to date/marry someone of their choice regardless of their gender. My topic question would be â€Å"How do laws that limit marriage to heterosexual effect the life of gay and lesbian people†. This question should be interesting to the audience because it could be a possible reason people choose not to tell people that they are homosexual, and many of these people commit suicide. Legalizing same sex marriage could cause a decline in suicides. Knowing that people actually care about the suicide rates, they should be more supportive towards the LGBT (lesbian, gay, bisexual, and transsexual) marriages. In order to get good research on this topic my research will have to be very detailed. My research will have to be about the suicide rates of people who were homosexual, different opinions of people who think that same sex marriage should be legalized. We will write a custom essay sample on Topic Proposal or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page My plan is for the paper to have information on suicide rates of homosexuals, how homosexuals behave in the society. Once I get more information on the topic everything should flow to fit the paper. The paper could also cover the effect of this on homosexuals. If any petitions were made to legalize same sex marriage, what comments have been made towards the issue, and I could talk about the opinions of speakers who have spoken out either for or against this issue. It may be a little hard for me to have enough information on this topic to write a 1500 word paper. The information that I find may not be enough to cover what I am trying to get at. If I find myself struggling with research and getting it into a paper of 1500 I will revise my question so that I get more information. In the event that I do get enough information the problem will come from me not knowing how to organize the information so that it can flow and make sense. Making this paper an argumentative essay will not be hard because there are two sides that can be taken when discussing this issue. You can either agree that same sex marriage should be legalized or disagree, meaning you would like to keep it how it is. With both of these arguments, there is information that can be found to support the different claims. People can use religious factors to argue that it should be illegal, and people can do as I am and use the suicide rates for support because just like same sex relationships being in the bible, suicide is also spoken about in the bible meaning both of them are sins. I can also get religious to back up my information. This essay may or may not be as easy as I thought it was going to be, but with detailed research and strong arguments, it will work and make for a good paper.

Living and Working in France

Living and Working in France One common trait among people who study French is a desire to live and possibly work in France. Many dreams of this, but not many succeed in actually doing it. Just what is it that makes it so difficult to live in France? First of all, like in other countries, France is concerned about too much immigration. Many people come to France from poorer countries to find work- either legally or illegally. With high unemployment in France, the government is not eager to give jobs to immigrants, they want the available jobs to go to French citizens. In addition, France is worried about the impact of immigrants on social services- there is only so much money to go around, and the government wants citizens to receive it. Finally, France is infamous for its extensive red tape, which can make everything from buying a car to renting an apartment an administrative nightmare. So with these difficulties in mind, lets look at how someone can get permission to live and work in France. Visiting France Its easy for citizens of most countries to visit France- upon arrival, they receive a tourist visa which allows them to stay in France for up to 90 days, but not to work or to receive any social benefits. In theory, when the 90 days are up, these people can travel to a country outside the European Union, have their passports stamped, and then return to France with a new tourist visa. They might be able to do this for a while, but its not really legal. Someone who wants to live in France long term without working or going to school should apply for a visa de long sà ©jour. Among other things, a visa de long sà ©jour requires a financial guarantee (to prove that the applicant will not be a drain on the state), medical insurance, and police clearance. Working in France European Union citizens can legally work in France. Foreigners outside of the EU must do the following, in this order: Find a jobObtain a work permitObtain a visa de long sà ©jourGo to FranceApply for a carte de sà ©jour For anyone who is not from an EU country, finding a job in France is extremely difficult, for the simple reason that France has a very high unemployment rate and will not give a job to a foreigner if a citizen is qualified. Frances membership in the European Union adds another twist to this: France gives first priority for jobs to French citizens, then to EU citizens, and then to the rest of the world. In order for, say, an American to get a job in France, s/he essentially has to prove that s/he is more qualified than anyone in the European Union. Therefore, the people with the best odds of working in France tend to be those in highly specialized fields, as there may not be enough qualified Europeans to fill these types of positions. Receiving permission to work is also difficult. Theoretically, if you are hired by a French company, the company will do the paperwork for your work permit. In reality, its a Catch-22. They all say that you have to have the work permit before they will hire you, but since having a job is a prerequisite for obtaining the work permit, its impossible. Therefore, there are really only two ways to get a work permit: (a) Prove that you are more qualified than anyone in Europe, or (b) Get hired by an international company that has branches in France and get transferred over, because their sponsorship will allow them to obtain the permit for you. Note that they will still have to demonstrate that a French person could not do the job you are being imported to do. Other than the above route, there are basically two ways to get permission to live and work in France. Student visa - If you are accepted to a school in France and meet the financial requirements (a monthly financial guarantee of approximately $600), your chosen school will help you to obtain a student visa. In addition to giving you permission to live in France for the duration of your studies, student visas allow you to apply for temporary work permits, which give you the right to work for a limited number of hours per week. One common job for students is an au pair position.Marry a French citizen - To some extent, marriage will facilitate your efforts to obtain French citizenship, but you will still need to apply for a carte de sà ©jour and deal with abundant paperwork. In other words, marriage will not automatically make you a French citizen. As a last resort, it is possible to find work that pays under the table; however, this is more difficult than it might seem and is, of course, illegal.

Slope of Regression Line and Correlation Coefficient

Slope of Regression Line and Correlation Coefficient Many times in the study of statistics it is important to make connections between different topics. We will see an example of this, in which the slope of the regression line is directly related to the correlation coefficient.  Since these concepts both involve straight lines, it is only natural to ask the question, How are the correlation coefficient and least square line related?   First, we will look at some background regarding both of these topics. Details Regarding Correlation It is important to remember the details pertaining to the correlation coefficient, which is denoted by r. This statistic is used when we have paired quantitative data. From a scatterplot of this paired data, we can look for trends in the overall distribution of data. Some paired data exhibits a linear or straight line pattern. But in practice, the data never falls exactly along a straight line. Several people looking at the same scatterplot of paired data would disagree on how close it was to showing an overall linear trend. After all, our criteria for this may be somewhat subjective. The scale that we use could also affect our perception of the data. For these reasons and more we need some kind of objective measure to tell how close our paired data is to being linear. The correlation coefficient achieves this for us. A few basic facts about r include: The value of r ranges between any real number from -1 to 1.Values of r close to 0 imply that there is little to no linear relationship between the data.Values of r close to 1 imply that there is a positive linear relationship between the data. This means that as x increases that y also increases.Values of r close to -1 imply that there is a negative linear relationship between the data. This means that as x increases that y decreases. The Slope of the Least Squares Line The last two items in the above list point us toward the slope of the least squares line of best fit. Recall that the slope of a line is a measurement of how many units it goes up or down for every unit we move to the right. Sometimes this is stated as the rise of the line divided by the run, or the change in y values divided by the change in x values. In general, straight lines have slopes that are positive, negative or zero. If we were to examine our least-square regression lines and compare the corresponding values of r, we would notice that every time that our data has a negative correlation coefficient, the slope of the regression line is negative. Similarly, for every time that we have a positive correlation coefficient, the slope of the regression line is positive. It should be evident from this observation that there is definitely a connection between the sign of the correlation coefficient and the slope of the least squares line. It remains to explain why this is true. The Formula for the Slope The reason for the connection between the value of r and the slope of the least squares line has to do with the formula that gives us the slope of this line. For paired data (x,y) we denote the standard deviation of the x data by sx and the standard deviation of the y data by sy. The formula for the slope a of the regression line is: a r(sy/sx) The calculation of a standard deviation involves taking the positive square root of a nonnegative number. As a result, both standard deviations in the formula for the slope must be nonnegative. If we assume that there is some variation in our data, we will be able to disregard the possibility that either of these standard deviations is zero. Therefore the sign of the correlation coefficient will be the same as the sign of the slope of the regression line.

Topic-Gold stocks and index performance comparison Research Paper

Topic-Gold stocks and index performance comparison - Research Paper Example When a country’s currency devalues significantly, gold held by central banks and Federal Reserve can be used in trade as a means of exchange to facilitate trade. For governments to hedge against instability in currency, gold is deposited in reserve by governments, private individual and companies to be exchange when need arises. A country’s development is pegged on the amount of gold in its reserves and is used to determine the value of a country’s currency. With a good reserve of gold, economic stability is realized alongside stable commodity prices in a country (World Gold Council). The United States ties its dollar on the price of gold and gold in its reserves which in turn the international community tie their currency against the value of the US Dollar. This explains the reason why the dollar is the widely accepted means of foreign exchange against all currencies in the world. Before 1971, gold was the only exchange standard. Since then, international cooper ative monetary system has been used. Instead, it has remained trading in the international markets freely, with forces of demand and supply determining its mean price just like any other commodities. Though it has been replaced by international monetary system, gold still enjoys about 13% official reserves around the world as a cornerstone reserve asset. Gold as a commodity has been trading in the international market, often fetching high prices in times of economic turmoil. When the international financial markets are in great upheaval, traders dumb the socks and other financial instruments to save the devaluation of the positions in gold reserves. For example, when the prices of stocks or other forms of securities are falling, traders resort to buying gold. This takes to the hypothesis that, when the price of stock index is falling, the price if gold rises. Over the recent past, there has been sharp increases I the prices of gold as most of the major financial markets were falteri ng around the world. This is so because gold has been seen as a substitute investment instrument to the financial system. Currently the price of an ounce of gold in the international market is about $1,608. S&P 500 is one of the major indices in the United States that can be used in this study to compare its performance against that of gold. To get the relationship in movement and to proof the hypothesis quarterly performances can be looked at with a main focus in the pre and after 2008 financial crisis. The explanation to the relationship that can be adduced is found on the graph. S&P 500, alongside other indices in the United States like Dow Jones Industrial Average (DJIA) and NASDAQ, have been observed to be inversely correlated with the price of gold over time (World Gold Council). When there is exists uncertainty in the economy and by extension the financial markets, investors tend to offload their positions in stocks and other securities to buy the save haven; gold. Gold has b een taken as the ultimate safe haven as explained earlier. When there is an imbalance between supply and demand for shares, the prices will either pick up or tumble depending on the two forces. When there exist jitters on the stability of the economy which will affect the performance of the listed companies in the securities exchange the shares will drop in their valuation. Investors buy stocks expecting to get returns either from good dividends or appreciation in the share prices, increasing the net worth of an

Analysis of Globalization Essay Example | Topics and Well Written Essays - 1250 words

Analysis of Globalization - Essay Example   First of all it is necessary to mention that globalization has both positive and negative impacts on contemporary world, and exactly nowadays it is difficult to find a more fashionable and debatable topic than globalization. Different conferences and symposia, hundreds of modern books and thousands of articles are devoted to it. Scientists and politicians, businessmen and economists, religious leaders and artists argue about it. The subject of lively debate is literally everything - what the globalization is, when it started, how it fits with other processes in public and economic life, and what its immediate and long-term consequences are. However, the abundance of approaches, opinions and assessments do not guarantee the deep study of this fundamental issue. Globalization is considered to be a difficult question that is not difficult only for mass consciousness but for scientific analysis, too. Thus, it is waiting for a thorough study and we are going to begin its discussion fr om the perspective of economic inequality. Thinking about economic inequality through the prism of globalization it is necessary to mention that the main consequence of this is the global division of labor, migration across the planet's capital, human and industrial resources, the standardization of legislation, economic and technological processes, as well as the convergence of cultures in different countries. It is an objective process that is systemic in its nature and that covers all the aspects of society. Globalization is associated primarily with the internationalization of the entire public activity on the Earth (Gumery, 2006). This internationalization means that humanity is a single system of social, cultural, economic, political and other relations, interactions and relationships in the modern era. For example, including all the countries and nationalities, epochal events and changes that happened in the world at the end of the last century we recognize globalization†™s influence. Humanity now lives in the ‘world community’ where a single country or a group of countries cannot be fully fenced off from each other. Globalization deeply leaves roots in the history, and, however, it is considered to be the phenomenon of the 20th century. It is obvious that the processes of globalization of world economy observed in recent decades, have conflicting implications for the economic development of many countries. Currently two opposite points of view on globalization as a factor in the balanced development of the world economy co-exist. According to the first position, globalization is a ‘zero-sum game’: it gives a gain to relatively more developed countries, and it gives losses to less developed (developing) countries.  Ã‚