Should there be legislation for equal pay be for both men and women in Research Paper

Should there be legislation for equal pay be for both men and women in the same job - Research Paper Example These encompass long held theories regarding the female gender, sex discrimination and in some occasions hypotheses regarding women’s incompetence (Coolidge 9). However, the female gender has waged defense the on basis of huge their labor that goes unpaid and unnoticed besides meager remuneration in their respective workplace (Coolidge 9). Studies contend an average female loses an approximate $420,000 in her life (Coolidge 9). This does not comprise unrecognized household chores and childbearing matter that has prompted women to lag behind in their careers (Coolidge 9). A. Women ought to receive similar remuneration considerations with men (Coolidge 9). This is regardless of either former or present notions, which corporations, states’ regimes, men and society may be holding against them. Since, their contribution is similar to that of men except in various situations whereby nature exempts them from being active, for instance pregnancy. B. There should be no equal rem uneration amid the two genders. This is due to unequal contribution in the same job capacity despite the two genders having the same education or expertise. Mainly, women tend to be slow, reluctant, and not ambitious besides in certain situations excepting themselves due to pregnancy or other varied issues. II. Unequal remuneration amid the genders up to date is still evident (Drinan 18). This is regardless of numerous Acts instituted and implemented with an intention of ending gender disparity (Drinan 18). Since, the respective authorities lack effective measures meant to make adequate follow ups, mostly evident with transition of numerous regimes. For illustration, after President Carter instituting the 1980’s Act, both the following leaders failed to ratify it except Bill Clinton who gave it a light implementation, hence offering insignificant contribution in ending gender disparity (Drinan 18). Consequently, studies reveal that an average woman losses approximately $420,0 00 in her lifetime (Coolidge 9). This continues to widen both sexes’ pay gap regardless of the developing states boasting about their stable economies (O'Beirne 29). However, other arguments contend that, there are women who earn more compared to men especially in the challenging fields, for illustration engineering. Therefore, those claiming to earn little usually venture in the less paying jobs, which entail consistency to the extent female gender cannot keep up due to their inevitable natural exemptions (childbearing issues) (Coolidge 9). In addition, Britain studies reveal a decrease in the pay gap between men and women despite unproductive measures meant to ensure adequate follow-ups (Gavin 12). However, this trend is extremely slow due to wages’ stagnation especially by the low-income earners (Gavin 12). III. Women’s remuneration should equal the task(s) mandated to undertake in their respective areas because this ensures gender equality among the employee s (Kiama). A. Equal pay aids corporations in avoiding gender inequality, which according studies is the leading â€Å"dissatisfier'† in the workplace (Kiama). 1. Approximately 48% people contended that, unfairness especially in the workplace yields to employees’ demoralization. This is regardless of other varied aspects instituted by the employer to ensure good working environment (Kiama). 2. The 2010 (CIPD)’

Negative Effects of Joint Custody Methodology Essay Example for Free

Negative Effects of Joint Custody Methodology Essay Hypothesis Joint custody may affect girls more than boys. Is there a difference between the two? Methodology The reason for this methodology research is exploratory. Fifty percent or more married couples in the United States will get a divorce. It is not only divorce that affects custody because there are many reasons that two parents of a child do not live with each other. Since the women’s movement of the 1960’s and 70’s, fathers have taken a much more active role in child rearing. Most women have entered the workplace and need more help with their children, and that has made men much closer to their children. Therefore they want more custody rights. So, joint custody has increased greatly in the last several decades. Since this is such an issue in today’s society the data collected will help parents explore the negatives affects of joint custody and which sex is affected most so that they can make a more informed choice when it comes to the custody agreement they agree on for them and their families. The methodology that will be used will give a survey that will question ten girls and ten boys between the ages of eleven and thirteen. Their will be two African Americans, two Hispanics, one Asian, and five Caucasians of each sex. One of each sex surveyed will come from a high socioeconomic class, four will be from lower socioeconomic class, and five will come from upper middle and middle socioeconomic class. During a two week time period, the children of joint custody families will spend time getting to know and feel comfortable with the interviewer. This will be accomplished by group sessions where the children will play video games, having refreshments, listening to music, playing get-to-know-you games, and watching movies. Then the children will be interviewed with the survey questions separately. Survey Questions Answer the questions using a scale of 1-5 with one being the worst and five the best 1. How does spending equal time with each parent? 2. When you spend time at your father’s house, do you have fun? 3. When you spend time at your mother’s house, do you have fun? 4. My father has rules and high expectations of me. 5. My mother has rules and high expectations of me. 6. My father expects me to treat him with respect. 7. My mother expects me to treat her with respect. 8. School activities are important to my father. 9. School activities are important to my mother. 10. Extra-curricular activities are important to my father. 11. Extra-curricular activities are important to my mother. 12. My homework is a priority is important to my father. 13. My homework is a priority to my mother. 14. My grades are important to my father. 15. My grades are important to my mother. 16. My father screens my friends and associates. 17. My mother screens my friends and associates. 18. My father spends quality time with me. 19. My mother spends quality time with me. 20. I am happy with the situation in which I live. Variables The data that will be gathered from the independent variables (the questions) will be analyzed by the dependent variables. (the answers) The findings will be entered into a scale which will be placed on a graph. From the results displayed on the graph it can be determined which is affected most by the negative effects of the joint custody girls or boys. There is a possibility that they will be effected the same. This data could be extremely helpful when it comes time for parents to choose which type custody is best for each of their children.

Dollarization in Cambodia

Dollarization in Cambodia Dollarization occurs when a country uses US Dollar or other currency instead of or along with local currency. The picture of dollarization can be as follow: using dollar for bank Deposit, paying debt, buying goods and service, measuring national budget. 1 There are three types of dollarization: official, semi-official, and unofficial. Official dollarization occurs when a country use dollar as the legal currency instead of domestic currency. For example, Panama is the dominant official dollarization adopter. It has no domestic currency published at all. The second type is Semi-official dollarization. Some countries in the world use US dollar and domestic currency at the same time; in other word, they use bimonetary systems. This allows people to make deposit in US dollar, do some transaction, but it only act as second role in paying wage, tax, electricity, and daily expense. Adopting this system, the central bank can place its own monetary policy. Cambodia, Lao, and Haiti are the exam ples of semi-dollarized countries. Third, in unofficial dollarization, some countries majority wealth is hold in foreign currency and people can use US dollar substituting domestic currency either legally or illegally. In short, when a country uses other currency beside it own to substitute the three functions of the monetary, it is theoretically that the country has been dollarized formally, semi-formally or informally. 2. World Dollarization Implication There are two main aspects of dollarization. Dollarization is the subject of not only the economic or also of Politic. Economists think that money is only just public goods which consist of three functions: means of exchange, store value and unit of account and its purpose is only to ease the economic transaction. Dollarization is the symbol of the US power influence country money. The US aid for the reconstruction of Western Europe after the World War II and many other countries, the role of US in world stage became more important. Then after the abolishment of Gold Standard in 1971, the US dollar also became the main currency in the world. Because of shock of financial crisis, some countries adopt dollar US to reduce the risk and create stability. For, those countries adopting dollarization is only another term for fixed exchange rate compared to US dollar without much effort2. Comparing to developing country currency, it is more reliable, valuable and profitable in doing trade, st oring value, and making transaction. However, some countries use other currency with similar quality such as Germany mark, Japanese yen and now Euro in Europe. Beside economic value, money contains purchasing power which is the heart of politic. The power has distributed to the creator, the exchanger, and especially the controller. Thus, distribution of money does not only create hierarchy of people but it also creates hierarchy in the world.3 However, for some other countries dollarization is the heart of political interest. For instance, using US dollar in Latin America implies its dependence on US and also shows its inferior. East Timor adopt US dollar as its official currency to prevent Indonesian influence. In short, dollarization can be characterize into both economic and politics. Through both means the dollarization is becoming new influence of US in the world. 3. Dollarization in Cambodia Dollarization According to IMF the proportion of Dollar in economic circulation is 90% which is indifferent for a decade ago. In an article dollarization in Cambodia, and policy options on the way forward, Menon (1998) concluded that à ¢Ã¢â€š ¬Ã‚ ¦dollarization is not the problem, but is merely symptom. The problem (or the cause) is a lack of confidence in the riel, whilst the symptom (or the effect) is the use of another currency such as the US dollar.4 Dollarization in Cambodia is the result of both past and present economic and politic status. Dollarization in Cambodia is the direct legacy of the destruction of economic and financial Institutions after the 1970s, economic mismanagement in the 1980s, and the large inflows of US Dollars during the UNTAC period in the early 1990s5.Today, in Cambodia the US dollar still serves all three functions of money: it is widely used as a medium of exchange, store of wealth, and unit of account. The fact that dollarization is not the real problem but it is the lack confident in riel can be rooted as far as the Khmer Rouge Regime. In 1975 the revolution of Khmer Rouge took over the Cambodia politic and economy. influenced by the Marxism, to make Cambodia a communist country the Pol Pot abolish riel currency as well as stop the national bank operation and thus hope to fill the gap of the rich and the poor. Cambodian people lived in hardship without any personal business activity, any mean of store value or exchange, on private ownership. Fortunately, in 1979 the population was saved; however, this country returned to the state of traditional economy using barter system. Then, no t until 1980 did riel currency appear again. Experiencing shock in 1975 when their saving money became scraps in only days, Cambodian people later preferred to use other means such as gold, silver, jewelry for exchange. Most people used riel currency for only small transaction and not over 50$ saving. When the dollar was introduced again in 1990s, it is generally accepted along with previous gold and silver money. As much 1.7 as US million dollars has poured in Cambodia through UN peace keeping activity, the UNTAC6. This situation paved the ways of Cambodian economy depend on the stronger money US dollar and Cambodia was easily the most highly dollarized country in Asia, and one of the highest in the world The share of dollars in currency Circulation is highest in Cambodia, estimated at about 90 percent. Nowadays Dollar still plays major role in business transaction, and the major deposit in bank. The existence of dollarization in Cambodia is also expected to last. Another reason fo r Cambodia in accepting dollarization is just a pressure of its country as a developing economy. Even though Cambodia has done three decade or reconstructing the economy, reducing political and economic uncertainty, there are more actions to be done to get out of dollarization. While growth and political uncertainty greatly has been reduced, Cambodia remains a low income country with significant inequality and poverty, and some degree of political uncertainty remains. For example, political turmoil in 1997 combined with Asian financial crisis would have been more even more threatening to Cambodia if it had not been dollarized. 4. Conclusion As many states have problem in both economic and politic stability and weak monetary system people will consider using another currency which is more stable and valuable in most situation. In the serious case some countries do not have own currency at all but US dollar. As the US has strong monetary regime its currency impress those developing states to use US dollar; therefore, US may somewhat influence those state in both economic and politic. Some states may be dollarized in order to create financial stability; however, they are unsure what can US do with dollarization for politics. Cambodia is not the exception. Since 1970s and had been attracted to new currency US dollar in since 1990s. Until now, the degree of dollarization has changed only a little. Dollarization was injected so gradually that people get accustomed to it despite the government effort to de-dollarize in the last decade. Cambodia economic and politic problems still fuel dollarization existence. Next issue is to discuss the advantage and disadvantage in Cambodia. MC2: Situation of Dollarization in Cambodia Today and Its Cost and Benefit After the two decade of United Nation Transnational Authority in Cambodia (UNTAC) operated peace keeping activity and introduce dollarization in Cambodia, with high economic performance with average two digits GDP growth and considerable political stability Cambodia should have come out of dollarization already. However, Cambodias economy is still highly and increasingly dollarized which urge the government to critically consider whether to de-dollarize by comparing its cost and benefit. The status of Cambodia dollarization today is not far different from the 1990s1. The dollar still serves three functions in this economy: making transaction, storing value and being used as unit of account. The cash dollar in circulation in Cambodia is 90% of all value of transaction which is similar as a decade ago. Dollar has been widely use for private sector wage payment, medium of international trade and also purchase large value products. Moreover, dollars also dominate the currency deposit as storing value instrument in Cambodia. According to the National Bank, the foreign currency deposit in broad money (M2) is accounted for 75% in 2006 increasing from 54% in 1998. Furthermore, 97% of bank deposit is in term of dollar. The recent increase in dollarization is the result of two main points the higher economic growth and recent political stability has contribute to more dollarization. When the investor think Cambodia is a good place to invest they will inject more dollar investm ent. In addition, the open trade economy also allows Cambodia to do more trade with other countries using dollar as medium of international trade exchange. Long before this happen the issue of dollarization has been discussed on cost and benefit but at this time it is even more critical to figure out that the cost of dollarization is more than benefit in Cambodia2. The benefit of dollarization in Cambodia can be encouraging saving, preventing capital flight, providing low risk of currency and exchange rate devaluation. First, the dollarization increasing saving when there is a better currency that is more reliable, therefore, people will tend to save in the bank in dollar to increase their wealth as well as lubricate the economy. Second, this also prevent hot money go out Cambodia in a short time of return from investment because investor still deposit money in local bank and transfer to their homeland at any time when there is high portion of dollar deposit in the bank. Last but not least, dollarization provides security from the risk of currency devaluation and exchange rate depreciation. When the local money face inflation or depreci ation the dollar holder will not worry about the value of asset they hold in dollar. On the other hand, those benefits are little comparing to cost of dollarization. First of all, riel is the national symbol of states sovereignty so using dollar is really affect sovereignty and national identity. Second, When Cambodia use dollar as dominate to riel currency, the national symbol has been eroded because the people do not trust their own government. Instead of get easily affected by local inflation, the dollar holder get easily affect by dollar instability especially in recent years. Thus, it means that Cambodia is somewhat dependence on the US federal monetary policy. Finally, dollarization make local monetary policy less effective, in other word, the central bank cannot use its own currency to fully stabilize price and economy. When government want to print more money it will not increase much in the economy because most of transaction done by dollar and the government also cannot co ntrol the interest rate since the most deposit is in dollar not riel. Government also cannot get inflation tax (print money to finance short term deficit but let go the inflation) to finance the government budget especially in hard time.3 Being unable to use inflation tax or seignior age to support emergency needs the government of Cambodia is estimate to loss seignior age to be $682 million at the end of 2004, with an additional $61 million lost annually. and especially in the case of paying the military, the Barry Eichengreen (1994): Money can be printed to pay soldiers, to purchase materiel, and to underwrite the other costs of a war of national defense without having to wait for tax returns to be filed or for a foreign loan to be extended. As the state sovereignty and being able to use own policy is very important the cost burden by dollarization above have already exceed the benefit. Thus it is time for Cambodian government to get more effort in de-dollarized campaigned despite the problem of lack of both commitment and capacity. In short, even though the economy and politic of Cambodia has improved the dollarization has not been eliminated but it increases because of the more free market mechanism. However, dollarization has impose more cost such as hindering Cambodia from using its own monetary policy, eroding national sovereignty and being not able to finance government budget deficit which is far more significant that the benefit such as creating price stability, encouraging save and discouraging capital flight. This is the high time for Cambodia government to respond to those issues. Cambodia cannot stay aside from dollarization as it shows the higher level. The Cambodia government has to show its commitment and strengthen capacity to combated dol larization either locally or regionally. MC#3: Policy Option for De-dollarization in Cambodia The government of Cambodia has realized that the current situation of dollarization in Cambodia has higher cost than benefit. The cost is that dollarization has weakened domestic monetary policy capacity to manipulate the financial and monetary system while the benefit has gone to price stability and trade and investment integration. The Cambodian government has; therefore, allowed the side effect of US federal policy to influence its economy for a long time either good or bad. Thus, it is high time for Cambodia to strengthen de-dollarization. There are two main procedures in de-dollarization which are domestic policy and regional policy. However, this paper will cover only the possibility of policy option done by the Government of Cambodia alone. The suggested policies to de-dollarized Cambodia economy are full dollarization, currency board agreement, and continue Interim policy reform. However, the latest seems most preferable. The first choice of Cambodia is to move forward to full dollarization following the precedential example in Latin American economy especially Panama. Adopting this policy, Cambodia has a great save in transaction cost, is easy to integrate itself in the regional and global economy by trade and capital flow and also maintain high price stability. However, full dollarization seems not the right choice for Cambodia. Since Cambodian economy does not closely related to US and thus it does not allow Cambodia to keep track with US economy easily. Moreover, giving up riel currency implies scarifying more seigniorage benefit to US and has no more ability to use own monetary policy as the lender of last resort of domestic commercial bank. Moreover, the government of Cambodia hasnt showed any commitment to turn to keep dollar as legal tender. The Minister of Ministry of Economic and Finance, Mr. Keat Chhun at the Launching Cambodian Economic Forum in 2006 said However, it should be seen that the Royal Government is now implementing de-dollarization. Our economy must be based on national currency, which should be based on a basket of foreign currencies and consistent with the integration of our economy into regional and world economy. It is not likely that Cambodia take a reverse policy from its commitment. Second policy is to create currency board agreement in Cambodia. A currency board is a monetary authority, unlike central bank, issue domestic currency that is always convertible to foreign currency at a fixed exchange rate on the basis of 100%. This means that if 1$ = 4000 riel, the currency board needs 10$ reserve to issue 40000 riel. The currency board makes profit by gaining interest from its foreign reserve by the expense of cost in circulating local currency. The advantage of CBA is the gaining of seigniorage benefit over the dollarization that makes country loss in that. Although Currency board seems a good choice but it need too much effort from Cambodia and also has side effects. There is an estimated that riel is 10% of the currency of circulation and the official reserve is triple of this which is equal to 30%. Thus, it means that Cambodia need to triple the reserve to collect all dollars in circulation. Therefore, currency board may lead to a mass government debt. Is there any other ways that Cambodia can get more official reserve? Finally, the last alternative for de-dollarization is to use interim policy. Interim policy is to set objective of de-dollarization in longer term and accelerate reform. In this approach, the government of Cambodia should left the monetary system as they are on the one hand; and increase macroeconomic stability which increase riel confident and demand as well as restore riel-friendly environment on the other hand. First of all, National Bank of Cambodia plays an important role in this policy. NBC is the last resort of loan of commercial bank, so NBC provide riel as a mean to refinance. Then Cambodia government should promote the use of riel currency as a mean of exchange with security and low cost. Last, the NBC can use Treasury bill to attract the riel financial market by providing higher interest than dollars saving. Beside the role of the bank, the tax policy reform is also taken into account. Demand of riel can be raised when there is obligation to pay all kind of tax in riel. Thus, when there is more tax collection in riel implies more demand in riel. Besides, the adaptations of existing institution that allow ease the dollarization is important. For example, the minimum wage law in Cambodia is indentify is dollar not riel and the most international organization operated in Cambodia preferred to pay salary in dollar only while in other country the government required the international organization to pay 30%-40% in local currency. Moreover, there are also surplus demands of riel in microfinance that cannot be fulfilled. it is estimated that microfinance industry demand Riel 120 billion in 2008, but the supply is not enough. Thus, it is important to resolve the dollarization-friendly-condition above by remove any status serve for dollarization although there is a certain portion in dollar paying in wage and salary and increase supply of riel in microfinance industry. One can criticized that Cambodian government has done a lot in reform for macroeconomic stability but the result is still high dollarization in today economy. Cambodia has enjoyed high growth, average two digit growth in last five year, despite the distraction from the global financial crisis in 2008, yet the there still the same dollarization. In addition, to restore attract demand in riel as a secure and low transaction cost currency is not good because the commercial bank has promote it by giving higher interest rate than dollar deposit already. The problem is not focus on what have Cambodian has done, instead it is important to know what else needed to achieve long-term goal of de-dollarization. Moreover, gradually de-dollarization process can ease the economy adaption. As result, when the Cambodia reach the macroeconomic stability the authority can take advantage of strong financial system to increase confident in riel and thus to de-dollarized. In conclusion, Dollarization in Cambodia is not the matter that easily to settle because there a high link between citizen who prefer dollarization as the result of being not confident in riel and weak financial institution and a high loss in the government who is the coordinator between those two. Among the suggested policy in de-dollarization which are full dollarization, currency board agreement and interim policy, the last choice is likely the best option for Cambodia because it respresent the appropriate capacity ot the states as well as allowed people to increase confident and demand in riel considerable. However, the previouse effort in this policy is not enough so Cambodia need a higher commitment and capacity in this policy. On the other hand, domestic policy alone may not enough to deal with the dollarization which is the result from capital and trade integration. Therefore, regional cooperation combating dollarization can be the future choice for cambodia. MC4: Subregional Cooperation in Dedollarization. Cambodia, Laos and Viet Nam have shared common characteristic as the newly emergence economy. Firstly, the three countries or so called CLV countries have transform from central planned economy to free and open market economy during 1980s and 1990s. Because of the experience of price instability, fragile monetary and exchange rate policy and the underdeveloped or non existence of financial market make all countries similarly tend to use Dollar alongside the local currency despite the different level of dollarization. Although dollarization has contribute to price exchange rate stability, it is not the good choice for them in longà ¢Ã¢â€š ¬Ã‚ term because the government has lost much seigniorage, benefit and also the role of last resort of lender of central bank. CLV has tried their own method to deà ¢Ã¢â€š ¬Ã‚ dollarize to cope with shortà ¢Ã¢â€š ¬Ã‚ coming problems by their own reform so as to gain currency confident and also improving financial institution. Those policies seem to need much effort and time and CLV to achieve alone, therefore there is also another choice of subà ¢Ã¢â€š ¬Ã‚ regional cooperation among CLV countries such as exchange rate regime and single currency area. For CLV cooperation in monetary and exchange rate policy to combat both depolarization and monetary system sustainability which includes price stability, financial stability and exchange rate stability, CLV have to create cooperation environment as a precondition. First, they have to create a network of policy makers, economist elites, officials, and researcher from all level of government and financial institution to take close surveillance on CLV economic performance and discuss the possibility of new policy. Moreover, the networks should make a regular meeting information exchange, checking progress and also make consultant the possible area in economic integration in the region. Secondly, CLV countries should create strong connection of capital market among them. There are two possible alternatives for this. The Viet Nam should allow the Cambodian and Laos company to list it stock market or the CLV can create common bond market of CLV subà ¢Ã¢â€š ¬Ã‚ region. To develop capital market in CLV countries they also need to make a joint regulation and supervisory to ensure transparency to investors and they need to reduce foreign exchange restriction among the three countries to reduce exchange rate risk among investor too. After achieving the above precondition in monetary and exchange cooperation above, CLV have two choices which are exchange rate cooperation and monetary cooperation to multilaterally combat dollarization. First of all, consider the possible of future exchange regime in ASEAN+3 in the East Asian economic community, the CLV exchange rate cooperation can be pilot project of the bigger picture of cooperation. CLV countries should consider the joint peg of currency to Dollar or currency basket of currency famously Dollar, Euro and yen while the weight of currency depends on the trilateral discussion. This common peg to Dollar is a good choice for CLV countries because of several reasons despite some difficulties. First, the stable exchange rate to Dollar has showed the strength of currency against outside fluctuation thus gain credibility of currency. Second, CLV already adopt restricted fluctuation of currency against Dollar and those main trading partner, China also already peg to Dollar. By doing this the three countries will have less transaction cost in changing their currency to Dollar when they are doing trade and at the same time their currency will get confident from people since it is stable with Dollar. On the other hand, when CLV peg to the basket of currency including Dollar, Euro and Yen, the CLV country can reduce risk when there is currency shocked in US. Instead of rely solely on exchange rate stability with Dollar, CLV reduce the risk by depend on two more major economies, Europe and Japan. There is no correct proportion of the three currencies in the currency basket, yet it depends on the economic relation of CLV to the Gà ¢Ã¢â€š ¬Ã‚ 3 (US, Europe and Japan) and also their own negotiation. Besides, CLV can move further to subà ¢Ã¢â€š ¬Ã‚ regional currency board which ensures the stronger peg to foreign currency thus they get more seigniorage benefit. However, they need much more effort to achieve this. First, they have to create a stronger cooperation in coordinating currency policy. Second, they need more foreign reserve to run currency board and it needs high legal endorsement to get people use local currency. In addition to cooperation in Exchange rate regime, it is also important that CLV cooped to create monetary regime. The CLV common currency is a long term goal they require many effort from CLV to improve the credibility among public of currency as well as effective institution to handle the transitional change of currency and strong political will of CLV leaders. Besides, the CLV currency area can be established only after the Asian Currency Unit (ACI)à ¢Ã¢â€š ¬Ã‚  which is similar to European Currency Unite, has been created in ASEAN+3. When there is common peg to ACI in ASEAN+3 economy, the CLV will change to peg ACI and they can create their own subà ¢Ã¢â€š ¬Ã‚ regional common currency in lower level to increase their voice in ASEAN cooperation, in addition to the benefit for Exchange rate regime. However, some scholar suggests this option is difficult to achieve at least in short and medium term because there are many political sensitive issue to overcome, weak institution, and flexibility of people. In summary, in order to cooperate with each other so as to deà ¢Ã¢â€š ¬Ã‚ dollarize their economy CLV countries has to two choices of Exchange rate regime and single currency. Those policies are only achievable when CLV countries have strong foundation of cooperation in critical are such economic consolation and information sharing, joint assessment and so on. They can more benefit from this cooperation rather than taking action individually however it is only longà ¢Ã¢â€š ¬Ã‚ term goal for them. In prospect there is still possibility to get out dollarization when CLV are determined enough in cooperation. MC#5: Dollarization and Implication of Financial Architecture Reform Cambodia among CLV is solely dollarized countries in the world which face the problems. Dollarization is the common problem in developing countries such as Latin America also. Thus the case of dollarization in Cambodia can also reflect the situation of the change of financial architecture that affect the financial and monetary system in the world. Dollarization is the symptom of weak ability of domestic financial structure, historical price in stability and political problems urges people to use foreign currency. While the government the seigniorage benefit and role of last resort of lender the people enjoy the stability of money in deposit as well as trade and investment. Rooted from the globalization there are three main debates in global financial system: Does dollarization good for developing country? Should states liberalize people choice in using currency they like or impose people to choose national fiat money? Should IMF play important role in the world exchange rate stability? Does dollarization good for developing country? Dollarization can give price and exchange rate stability in low cost in most emergence market economy. Hanke recommend developing countries to use dollarization in case that the states do not have strong monetary and fiscal policy to tighten currency value in long term should use dollarization as monetary institution. The above idea is not raised by him alone some scholar also propose choice of dollarization because of several reasons. First, considering the financial and dept crisis during 1980s and 1990s in much part of the world and thus leads to increase of high inflation, currency devaluation and mass capital outflow by foreign investors. When developing country dollarization they can stabilize the currency, exchange rate. When those countries use a high confident and good quality currency like dollar in economy is no possibility of a sharp depreciation, and sudden capital outflows because of investor unconfident is also omitted. Second, dollarization can highly reduce transaction cost and integrate developing economy closer to US. Thirdly, the stability of dollar in the economy as currency in developing countries will encourage people to save more and foreigner to invest more. However, dollarization is costly. Government of developing countries need to scarify seigniorage benefit in dollarized economy and the Central bank losses its role of lender of last resort to the commercial bank in case there is liquidity problems. Moreover, the states will lose its sovereignty in term of monetary policy and exchange rate policy. Thus, it is a critical decision to whether or not to dollarize in developing countries because they have to compare the benefit of dollarization the cost to bear it as well as balancing the internal risk with external risk. Should states liberalize people choice in using currency they like or impose people to choose national fiat money? According to Laurence H. Meyer, a member of the Board of Governors of the Federal Reserve System when there is more global financial integration the government should increase role in market discipline, regulation and also supervision in money and also exchange rebate. The states should improve the international capital standard, market discipline. The state has monopolized the authorization on Money discipline by introduces national currency to show the selfà ¢Ã¢â€š ¬Ã‚ help system in term of currency and also gains seigniorage benefit. However, Randal Krozner, an economist at the University of Chicagos Graduate, rejects the role of government in currency circulating. He claim that private regulation found in private actors such as clearing house, credit rating agency, trader, capitalist investor, and others has provided stability and innovation because they work closely to financial and currency market. He advises that the government should reduce the intervention in the financial and monetary system and let the dynamic private sector to regulate the system. In short, while some scholar support government role in regulation the currency market, some ot

Student Motivation and Retention Essays -- Education Mathematics Essay

Student Motivation and Retention I decided to write most of paper about motivation because motivation is something that is lacking in several of my students in Junction City. I want to help students develop the motivation to learn math instead of hearing the bad attitude they have developed for mathematics. It is so frustrating to hear a student say that they do not care. Also in my paper, I plan to intertwine the topic of retention. My paper will lean more towards retaining students in math at the middle school level rather than college like the articles we read in class. I know that students can not switch out of math in the middle school, but they can choose to take many math classes in high school and choose a major in college for math. In other words, I want to find out ways for students to be interested in math field so they continue in the math field all the way up through college graduation. I have developed several great relationships with my students and care deeply about what the future holds for the m. My goal is to make a difference in their life by motivating them to like math and school so they do not drop out of high school. II. Background As I researched for articles dealing with motivation, the most common information that I found was strategies for increasing motivation. Some of the articles showed actual studies where certain strategies helped the student want to learn. The â€Å"Intrigue Model† by Lewkowicz is one strategy example that I will be writing about. Another article I found explained different types of motivation, which motivation is the best to have, and factors that influences the development of student motivation. Robert Case wrote a paper about a study he did in an India high school wat... ... OR, 1994. Malcolm, Shirley, and Treisman, Uri. â€Å"Calculus Success for All Students.† Calculus for a New Century: A Pump not a Filter, Steen, Lynn (ed.). Mathematical Association of America: Washington, DC, 1987. McNeal, Ralph. â€Å"Extracurricular Activities and High School Dropouts.† Sociology of Education v68n1: Jan 1995, 62-80. Renchler, Ron. â€Å"School Leadership and Student Motivation.† ERIC Digest No. 71. ERIC Clearinghouse on Educational Management: Eugene, OR, 1992. Seymour, Elaine, and Hewitt, Nancy. Talking About Leaving: Why Undergraduates Leave the Sciences. Westview Press: Boulder, CO: 1997. Treisman, Phillip Uri. â€Å"A Study of the Mathematics Performance of Black Students at the University of California, Berkeley.† Mathematicians and Education Reform: Proceedings of the July 6-8. 1988 Workshop, American Mathematical Society: Providence, RI, 1990.

Dr. Johnson’s Criticism of Shakespeare Essay

Samuel Johnson (1709-1784), a flamboyant and versatile scholar, expresses his view of Shakespeare in his edition of Shakespeare’s plays which are enriched by his prefaces. But like other critics he does not eulogize the poet; on the contrary, he dwells on the faults in his plays. He shows a very balanced and unbiased mind capable of judging the merits and demerits of his plays without being influenced by the hallow effect. He reads neither to admire everything, nor does he contradict his excellence; he performs the task of weighing and considering what he reads and offers his comments which have a moral bias. In â€Å"The Preface to Shakespeare†Ã‚   he admires him as   Ã¢â‚¬Å"the poet of nature, not of learning; the creator of characters who spring to life; and a writer whose works express the full range of human passions† (Norton.1255)   His judgment of Shakespeare has both the positive and the negative aspects and he does not indulge in â€Å"bardolatry† like other critics. He believes that dead writers are unnecessarily glorified and the living ones are neglected. He rightly says, â€Å"The great contention of criticism is to find the faults of the moderns and the beauties of the ancients.† (Norton.1256) He also advocates the critical theory that an author can be evaluated only by comparing his works with others, â€Å"so in the production of genius, nothing can be styled excellent till it has been compared with other works of the same kind.† (Norton.1256) He   also upholds the view that a literary work can be called great only when it has stood the test of time. He thinks, â€Å"Shakespeare is, above all writers, at least above all modern writers, the poet of nature, the poet that holds up to his readers a faithful mirror of manners and of life.† (Norton.1257) It is difficult to surpass this succinct summing up of Shakespeare’s genius. But Johnson disparages the uncritical acceptance of Shakespeare as perfect; he points out his faults as well, without undermining his genius. Johnson praises Shakespeare’s art of characterization highlighting their variety, depth, credibility and the power of delighting his readers. Using his comparative method, he observes, â€Å"they are the genuine progeny of common humanity †¦In the writings of other poets a character is too often an individual: in those of Shakespeare it is commonly a species.† (Norton.1257) The characters and the situations are so impressive because â€Å"Shakespeare has no heroes, his scenes are occupied only by men, who act and speak as the reader thinks that he should himself have spoken or acted on the same occasion;†(Norton.1258) This culminates in his view, â€Å"his drama is the mirror of life.† (Norton.1258) Being a believer in didactic function of literature, he appreciates how his plays are full of â€Å"practical axioms and domestic wisdom† (Norton.1257) but for the same reason he criticizes him when it is absent, â€Å"He sacrifices virtue to convenience, and is so much more careful to please than to instruct that he seems to write without any moral purpose.† (Norton.1259)   It is clear that he does not believe in â€Å"art for art’s sake† like Oscar Wilde and Walter Pater. Johnson vainly castigates Shakespeare for not being a moralist, â€Å"he that thinks reasonably, must think morally, but his precepts and axioms drop casually from him; he makes no just distribution of good or evil†¦Ã¢â‚¬  (Norton.1259)

Joy Cowley

Authors Study Joy Cowley was a phenomenal author, she has written multiple children books, adult fiction and non- fiction, besides her major impacts in literature she comes from a very interesting back round. Joy Cowley was born on August, 7, 1936, in Levin New Zealand. She was the eldest of four girls and one boy. Her parents Peter Summers and Cassie Gredge were both physically ill while joy was growing up, the condition of both their health caused the family to be finically poor.When joy attainted elementary school in her early years she struggled with her academics, she was a poor reader and writer. Since English was her second language it made learning a very difficult experience in her early years. At the age of eleven when she could still barley read, but was able to understand books threw pictures, she became book addicted and also a writing addiction eventually occurred. As time went on, after she finished school her parents sent her to the local pharmacy to work. Joy opposed this idea but she wanted to please her parents.If the choice was up to joy she would have continued into a career of art or journalism, but she wanted to make her parents happy at the time. Joy Started writing a lot while she worked in the pharmacy . At the age of 20, Joy married farmer Ted Cowley. They moved to a dairy farm. They decided to children, they had four children in a 5 year time span. The children’s names were Sharon, Edward, Judith and James. While the kids were growing up joy milked cows, changed diapers, made puppets and play dough and wrote short stories in the evenings.She eventually wrote stories for her son Edward who was a slow reader, the stories eventually made their way to other kids. When joy realized she was an extrodaniry writer she introduced novels to her children’s teachers. They enjoyed them so much; they actually made them into big books they read to their classes. The teachers asked her if she could please work on getting published. Whe n she eventually started focusing on children’s book, she was also writing adult novels. In 1978 Joy stopped writing adult novels; she took a five year brake.She started working with June Melser who was a teacher/ editor. During this time her influncely work started to occur she designed the Story Box Reading Programmer which was published by Shortland Publications, Auckland, NZ and then The Wright Group, USA. She became deeply involved in early reading and the five years of commitment became twenty years focusing on early childhood books. In 1999, after a 22 year brake from adult novels, she wrote again. This novel included many adult experiences that had occurred. The novel included her marriage to Ted Cowley that ended in 1967.She decided to get married to Malcolm Mason after her divorce in 1970, a Wellington writer/ accountant, who died in 1985. Her third marriage in 1989 was to Terry Coles. For years, Terry and joy lived in the Marlborough Sounds in New Zealand's South I sland, with an assortment of animals – sheep, chickens, ducks, 8 cats and a dog – and visits from 13 grandkids. In 2004 they moved to Wellington so that Terry could be nearer medical services suited us for a while but Terry’s heath deteriorated further, strokes leaving him with diminished sight, hearing and mobility.Wellington’s stairs and traffic became too much of a challenge for them and they had to move out of the city. They decided to leave wellington and move to a cottage in the township of Featherstone, here joy has a shed with a lathe and woodturning tools. Joy still currently alive is still a full time writer today she is focused on adult writing – articles, spiritual reflection material, stories and novels – and books for children. Over the years joy has won multiple awards for her work.She is a brilliant writer who comes from a very progressive back round who has a major impact on many readers around the world. Commemoration Medal for services to New Zealand| 1990| OBE (Order of the British Empire) for services to children's literature| 1992| Margaret Mahy Lecture Award| 1993| NZ Women's Suffrage Centennial Medal| 1993| Hon. D. Litt Massey University| 1993| Award Best TV Drama Script| 1994| Patron NZ Children's Book Foundation| 1994|Roberta Long medal for multicultural writing (USA)| 2002| A. W. Reed Award for Contribution to New Zealand Literature| 2004| Distinguished Companion of the New Zealand Order of Merit (DCMNZ)| 2005| Prime Minister's Award for Fiction| 2010| University of Alabama, Birmingham, Maryann Manning Award for Outstanding Literacy Scholar| 2011| Joy Cowley said â€Å"that learning to read must be a pleasurable and meaningful exercise. If it isn't, then we teach children to read and to hate reading at the same time†.We infer that joy is a very passionate writer for young children, who wants all children to enjoy reading . Three of her books written by her, Mrs. Wishy-Washy, Mrs. Wishy -Washy Christmas, and Mrs. Wishy-Washy Farm relate to her back round of living on different farms. All three books have Ducks, Cows, and Pigs; they talk about taking care of each and every farm animal. A very interesting task we can do with young students is we can foreshadow the three books to joy personal autobiography.We can ask young readers who are exposed to these books, different questions about the similarities of joys book and her own personal life. Questions we can ask young readers and graph * Why do you think joy wrote about farm animals in all 3 books? * Do you think joy enjoyed the different animals? * Does Mrs. wishy washy remained joy of herself? * How can we compare The three books to Joy Cowley * After reading all three books what animals do you think were joy favorite ? This question will give to the oppurtinetey to draw which animals they think were joy favorite

Wong Kar Wai’s “In the Mood for Love”

IN THE MOOD FOR LOVE Set in front of the conservative backdrop of 1960's Hong Kong, Wong Kar Wai's In the Mood for Love tells the intimate tale of two people who, by fate, seem to land themselves in each other's company due to the common bond of the absence of their spouses. The plot of the film is by no means anything original, but it is deeply accentuated by the style in which the film is shot. With unconventional camera angles, an inconsistent musical score, and deep, luscious colors, In the Mood for Love brings a seemingly real perspective to a very personal story. Mr. Chow (Tony Leung) and Mrs. Chang (Maggie Cheung) coincidentally, move in to their small neighboring Hong Kong flats on the same day. Mr. Chow, a newspaper editor with an unseen, but presumably traveling, wife, and Mrs. Chang, a secretary, also with an unseen business executive husband. The two often find their paths crossing as they frequent the same streets, restaurants, and noodle shop. It is when they discover that their spouses are having an affair that they begin to see each other. Unlike very fast paced, show-all, American films, the relationship that blossoms between Mr. Chow and Mrs. Chang is not one of immense passion and love, but more of a deeper unsaid understanding. It is the simple gestures such as the conversations, the gazing into one another's eyes, and the holding of hands where the real relationship lies. This could not be clearer when, in a climactic moment of the film, they briefly caress each other's hands in the back of a taxi. The film is accentuated by the unconventional, but highly innovative camera work throughout. Often times the camera remains stationary while the characters move about, and sometimes out of the frame. It's as if to remind the audience that we are looking through a peep hole rather than through a movie screen, and that there are things that we will not be able to see. Throughout various portions of the film, like the rice cooker scene, for example, you can hear the characters speaking, but you will actually have to visualize what they are doing. The position at which the camera lies throughout the movie is also noteworthy because of the strange angles it is put at, such as under a bed, over a person's shoulder, through metal grating, and in general, low to the ground. It seems that Wong Kar Wai is telling us â€Å"no, that's too easy. You need to look at this from a more difficult position, as if you were eavesdropping on these very private moments†¦Ã¢â‚¬  The rich colors and costumes of the film play a very large part in how the story is told as well. In the first scene, at the appearance of Mrs. Chan and her very colorful dress, the audience is immediately drawn to her and continues to watch her throughout the rest of the film. From then on each dress, one right after the other, begins to astonish the viewer with its lush colors and interesting patterns. This immediately sets Mrs. Chan apart from any other character, especially Mr. Chow, who dresses in relatively the same attire every day, creating a very physical contrast between two characters who are emotionally similar. Not only does the costuming add emphasis to the film, but the lighting of most of the scenes adds another layer onto they already thick stylized coat of the film. Much of the film takes place on the very foreign and almost enigmatic streets of Hong Kong, usually during the night, and we are provided with not quite enough illumination to see everything perfectly. This adds a heightened level of mystery throughout the entire film, especially in the first half, before the characters really meet. The warm colors, in a sense, add quite a bit to the slow pacing of the film. These are not very cold, vivid, or fast colors, but rather ones that let the scenes take their time, in a place where conversations are not hurried and friendly games with neighbors last into the late hours of the night. The editing also does its part to slow down the movie, making the shifts between days seamless and slowing scenes down into slow motion to literally â€Å"juice† the magic out of them. However, much, if not all of the aforementioned material is simply technique none of the true bread and butter of movies is covered. This is simply because there hardly was any. Is the plot original? No, not really. Is the script solid? Well, considering there was no actual script to begin with, no. But is the way in which all of these, otherwise boring, elements filmed beautiful and interesting? Absolutely! It seems that the true core of this movie is missing, but who's to say that every movie has to follow a standard formula? THEMES TIME After reading some interviews I found that Kar-wai was very interested in the past, almost nostalgic for how Hong Kong was when he was growing up. He also finds interesting ways to show the passing of time in In the Mood for Love with the many beautiful dresses that Mrs. Chang wears. ISOLATION Another heavy theme in In the Mood for Love is isolation. In a couple of the interviews Kar-wai mentioned that people (like himself) fleeing Shanghai to Hong Kong basically had to cram into apartments. Kar-wai creates a limited visual space by having actors off-camera, shooting in narrow hallways. Even the character’s emotions seem to distance themselves. CINEMATOGRAPHY The way Wong Kar-wai and Chris Boyle go about shooting movies is the complete opposite from every other director we’ve studied this semester. Instead of taking a more professional approach of meticulously planning out every shot, they figure out what would be best determined by location, and it seems they act more like bumbling film students rather than award winning filmmakers. â€Å"Our styles come from the way we work; like in Fallen Angels we started working in a very small teahouse, and the only way we could shoot the scene was with a wide-angle lens. But I thought the wide-angle lens was too normal, so instead I preferred an extreme wide-angle. And the effect is stunning because it draws the characters very close to the camera but twists the perspective of the space so they seem far away. It became a contrast to Chungking Express, in which people are very far away from the camera but seem so close. Also, we work with very limited budgets and we don't have permits, so we have to work like CNN, you know, just breaking into some place and taking some shots. We often don't have time for setups, and sometimes when neighbors walk into the frames we have to cut them out, and that becomes a jump cut. I think 10 or 15 percent is preconceived. Most of it just happens. † –Wong Kar-wai This is all very surprising because the most notable features in In the Mood for Love is the look of the film, which is beautiful. It’s nice to know there are other ways to go about shooting a film, and that being meticulous doesn’t make you a better director. The way you take on the challenges of shooting a film to be as visually competent as possible makes you a director. WORKING WITH ACTORS Seeing how Kar-wai’s filming techniques are by the seat of your pants, it comes as no surprise that his directing of actors is just as spontaneous. During the filming of In the Mood for Love, Maggie Cheung said that the camera would be far away (because he’s shooting with a wide angle I’d assume) and that he would all of a sudden want to switch the shot to slow motion, without telling any of the actors. â€Å"He will see a shot and then suddenly he will picture it as a slow motion shot and he'll just say, let's try one of those, and then he'll just do it, without us even knowing. I’m not sure if this is the best way to go about directing an actor unless you are absolutely sure about what you’re doing. Wong Kar-wai seems to be a free spirit in the way he speaks, and directs. Plus he has a close relationship with many collaborators so everyone knows what is needed from them to complete his vision. Kar-wai seems to know the most ab out human emotions and how to properly show them on the screen so they’re believable. I remember there was an emotional scene where I was saying good-bye to Andy Lau at a bus stop. We had to retake that scene the next day because I was not very good. I thought I had been good because I had been crying and crying, but Wong Kar Wai said, â€Å"It is not about that. It is not about how many tears drop out of your eyes or how emotional you are. † I said, â€Å"No? But you ask me to cry and I am crying, why am I doing it wrong? † He said, â€Å"But when you cry you should try to hold back. Nobody cries just like that. The minute you feel the sting in your eyes your first reaction should be ‘I don’t want to cry,’ and to hold it back. † INFLUENCES Wong Kar-wai was born in Shanghai and moved to Hong Kong when he was five. Leaving his 40 or so cousins, he became an only child thanks to the Cultural Revolution. Leaving the lifestyle of a small village full of friends and family your own age, to a city full of adults must have been very impressionable on the young Kar-wai. His mother loved movies and luckily for them there were plenty of theaters around playing Western, European, and local films, â€Å"we spent almost every day in the cinemas because she doesn't have any friends or relatives in Hong Kong†. Days of Being Wild, In the Mood for Love, and 2046 all take place during the 1960’s in Hong Kong, with slight political undertones so this place and time was obviously very important to him. Wong Kar-wai also seems to be heavily influenced by the French New Wave, but who isn’t? Like The 400 Blows and Breathless, Kar-wai’s films come off as a love letter to their settings because of how beautifully detailed the shots are. You can tell that he is in love with Hong Kong and that it is his greatest influence.