Financial Analysis The 2008 Financial Crisis Essay

The 2008 Financial crisis is indisputably the worst financial crisis in the contemporary era. There is great a number of combining causes that ultimately lead to the collapse of the financial markets. Some of these causes include the slow deregulation reforms initiated in the ’60, the introduction of new, financial instruments which risks were not appropriately understood, and of course the new world wide interconnection occurred through securitisation. This essay aims at explaining the functions and the risks of the financial instruments that were included before the crisis, such as Collateralised Debt Obligations, Mortgage Backed Securities and Credit Default Swaps, understanding the impact of the instruments on the market and exploring their relations in the securitisation process to ultimately understand the extent of the impact of securitisation in the 2008 financial crisis. Securitisation is the process of taking an illiquid group of assets and transforming them into securitises through financial engineering (Gallant, 2009), and it involves two steps. In the first step, an originator- a company with loans or other income-producing assets, selects the assets it wishes to remove from its balance sheet, and combines them together in a reference portfolio. The portfolio is then sold to a Special Purpose Vehicle SPV - a financial institution specified in the purchasing of the assets and realisation of their off balance sheet treatment for legal and accounting purposesShow MoreRelatedEssay on Financial Crisis of 2008 Analysis528 Words   |  3 PagesIn 2008, the US experienced the traumatic chaos of a financial downturn, whose effects rippled throughout Europe and Asia. Many economists consider it the worst crisis since the Great Depression, and its alarming results are still seen today, a long six years later. Truly, the recession’s daunting size and formidable wake have left no one untouched and can only beg the question: could it have been prevented? The causes are manifold, but can be found substantially rooted in illogical investments andRead MoreData Analysis : A Critical Analysis Of The 2008 Financial Crisis1054 Words   |  5 Pagespercent conclusion cannot be drawn as fully statistically significant evidence was not ascertained. In addition, although all crisis has similar characteristics, they are actually different in nature. Thus, generalisation may not be possible based on this research in terms of either past or future financial crisis. Especially as this study only considered the 2008 financial crisis in its data analyses. Hence, this study has some limitations in spite of the contribution it makes. The first limitation isRead MoreReasons For The Year / 08 Deepened Financial Crisis Of The European Union ( Eu ) And Critically Assess1138 Words   |  5 Pages2007/08 deepened financial crisis in the European Union (EU) and critically assess its response to its crisis. Introduction As a whole, the regulation of banking institutions and financial markets are considered as a debatable issue. Banking is considerably the most deeply regulated industry within the financial sector which is also one of the heavily regulated sectors in the economy. Many financial systems are disposed to periods of lack of stability. However, in the result of the crisis of 2007, inRead MoreThe Financial Meltdown Crisis : Luis A. Santiago Gaetan1387 Words   |  6 PagesThe Financial Meltdown Crisis Luis A. Santiago-Gaetan University of Massachusetts-Amherst Introduction In March 2008, the government of the United States was abruptly confronted with the first signals of what later became the greatest financial crisis in U. S. history since the Great Depression. The beginnings of the financial crisis began with the government intervention or bailout of Bear Sterns, the smallest of the five giant Wall Street investment banks, but the first one known to be in financialRead MoreFinancial Crisis And Its Effects On Financial Institutions871 Words   |  4 PagesThe recent financial crisis has a huge impact on systemic Important Financial Institutions; it’s distressing effect can be felt in almost every business area and process of a bank. A fairly large literature investigates the impact of financial crisis on large, complex and interconnected banks. The great recession did affect banks in different ways, depending on the funding capability of each bank. Kapan and Minoiu (2013) find that banks that were ex ante more dependent on market funding and had lowerRead MoreThe Return Of Depression Economics1437 Words   |  6 Pages2008 Economics Noble Prize winner and Princeton University professor, Paul Krugman, translates the roots of modern and prior financial crisis economics. In his book, The Return of Depression Economics and The Crisis of 2008, Krugman first educates the reader of historical and foreign financial crises which allows for a deeper understanding of the modern financial system. The context provided from the historical analysis proves to be a crucial prospective in such a way that the rest of Krugman’s narrativeRead MoreRanking the Key Principles of Corporate Governance1579 Words   |  7 Pagesplus public expectations. The ranking philosophy applied in this essay is based on analysis of the results of international investigations into the underlying causes of the 2008 global financial crisis (GFC). Stakeholder reactions to and perceptions about the standards of corporate governance in the lead up to the global financial crisis are also taken into account. In light of the global financial crisis, this essay proposes that the corporate governance principles be ranked based on fourRead MoreFinancial Crisis And Its Effects On The Economy1337 Words   |  6 PagesFinancial crisis can be profoundly described in the example of the subprime financial crisis in the US. It includes causes and preconditions along with steps and options to rectify the situation, which makes it substantial for understanding the nature and consequences of most financial crises. This article is oriented on revealing the key reasons of economic downfall, ways to avoid or mitigate the situation, and the role of a business analyst in the situations of possible or factual crises. TheRead MoreThe 2008 Financial Crisis Essay1326 Words   |  6 Pagesintroduction The 2008 financial crisis led to a sharp increase in mortgage foreclosures primarily subprime leading to a collapse in several mortgage lenders. Recurrent foreclosures and the harms of subprime mortgages were caused by loose lending practices, housing bubble, low interest rates and extreme risk taking (Zandi, 2008). Additionally, expert analysis on the 2008 financial crisis assert that the cause was also due to erroneous monetary policy moves and poor housing policies. The federal governmentRead MoreCurrent Issues Financial Accounting1533 Words   |  7 PagesCritical analysis Article descriptions The journal article named â€Å"The crisis of fair-value accounting: Making sense of the recent debate† is written by Christian Laux and Christian Leuz in Accounting and Organisations and Society journal (2009). Mr Laux works as a professor of finance at the Goethe University in Frankurt and his research has been published in many journals. Mr Leuz works as a professor of International Economics at University of Chicago Booth School of Business. He has done

The Dream Of The Rood And Beowulf - 1488 Words

In Anglo-Saxon literary works, the writing usually addressed to a Christian audience but yet all commonly affirm the values of the warrior cultures in power in different matters. In the two pieces â€Å"The Dream of the Rood† and Beowulf there are two powerful kings being represented that are set in overlapping values that benefit their true courageous deeds. Both are considered good, but do they mean the same thing in Christianity and paganism contexts? Specifically, the two pieces both fuse together Christian and pagan ideals to show their two powerful kings represented in two completely different manners. In the literary work Beowulf the character Beowulf is known as the king along with many others. While in the literary work â€Å"The Dream of the Rood† Jesus Christ is known as the king since he is directly referred to as a â€Å"king† several times throughout the work. The settings and time periods play a huge role in the values and beliefs of Christianity a nd paganism and whether the values are good or bad that are shown in the stories. Since Beowulf was set in Denmark and Geatland around 500 A.D. it shows us that the main factor of Beowulf was the values of paganism. But we don’t necessarily know if the paganism we’re being shown is for the better. And so on for â€Å"The Dream of the Rood†, set at the crucifixion, which is an obvious Christian element, so the entire story is mainly based around the Christian values all Christians followed. More detail is needed about the stories toShow MoreRelatedEssay on Comparing the Heroes in The Dream of the Rood and Beowulf1204 Words   |  5 PagesThe  Heroes in The Dream of the Rood and Beowulf  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In The Dream of the Rood, the poet has added elements of the idealized heroic death (as exemplified in Beowulf and The Battle of Maldon) to the crucifixion. He has also eliminated details of the story that tend to render Christ as a figure of pathos, in order to further Christs identification with the other glorious warriors Anglo-Saxon poems.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   When a hero meets his death, for example, he is usually surrounded byRead MoreThe Germanic Heroic Code in Caedmons Hymn, The Dream of the Rood, and Beowulf539 Words   |  2 Pages Texts such as Caedmons Hymn, The Dream of the Rood and Beowulf have been inspired from the Germanic code of the warrior and from Christian passages and it is likely for people today to relate to these two sources when coming across these respective texts today. The Germanic heroic code has been a major influence when considering Beowulf and the fact that the poem emphasizes the importance of values like courage, loyalty, generosity. Similarly, Caedmons Hymn is probably one of the mostRead MoreWilliam Shakespeare s The Dream Of The Rood, Beowulf, And The Canterbury Tales Essay1414 Words   |  6 Pagesconvention of British civilization came during the Medieval Period. The Medieval stories of â€Å"The Dream of the Rood,† Beowulf, and The Canterbury Tales contained some of the British culture concerning gender, religion, and the view of heroes. One aspect of British culture of the Medieval times was the stereotypes of gender and certain expectations in gender roles. For example, the poet of â€Å"The Dream of the Rood† used masculine and feminine language to show position of power (masculine) and powerlessnessRead MoreThe Heroic Significance of Christ in The Dream of the Rood Essay978 Words   |  4 PagesThe Heroic Significance of Christ in The Dream of the Rood Incorporating traditional Anglo Saxon beliefs of heroism with the image of Christ on the cross allows the poet of The Dream of the Rood to effectively communicate the benefits of Christianity to pagan warriors. By comparing characteristics, duties, and treatment of heroes in Beowulf and the Battle of Maldon to the depiction of Christ in The Dream of the Rood, it becomes evident that the image of Christ is altered to mirror that ofRead MoreAn Assortment Of Heroism : Sir Gawain And The Green Knight1171 Words   |  5 PagesSteven Brent Bunn ENG 261-02 3/21/2016 Research Project An Assortment of Heroism Theme is essential to any great work of literature, and while the following are certainly very different tales, Sir Gawain and the Green Knight, Beowulf and The Dream of the Rood each have particularly strong themes of heroism, though, they each have their own distinct idea of what heroism is, their own flavor one might say. It is partly because of their strong themes and ideas that they are still well-known and readRead MoreDistinguishing Profound Religious Poems : British Literature995 Words   |  4 Pagessuch literature represents one way to learn about the culture of Britain. For Example, Beowulf and â€Å"The Dream of the Rood† describes Christian beliefs, which was the popular religion in Britain. In fact, literature started off as poems, songs and stories that would be told orally. â€Å"They sang then and played to please the hero, words and music for their warrior prince, harp tunes and talks of adventure†¦Ã¢â‚¬  (Beowulf 1062-1065). Furthermore, men would gather around the mead hall and share stories aboutRead MoreEssay Jesus - the Epic Hero990 Words   |  4 PagesJesus has been changing throughout the ages. The poem â€Å"The Dream of the Rood† is good example of a unique view of Jesus and his crucifixion. The poem is referred as â€Å"one of the first and most successful treatments of the crucifixion† in Old English poetry (Burrow 123). The poem consists of a mixture of Christian and epic elements and has a very unique style. It represents the crucifixion as a battle and Christ as an epic hero, similar to Beowulf, which is quite different from the texts in the Bible.Read MoreAnalysis Of The Dream Of The Rood 1727 Words   |  7 Pagesmidnight on 19 October 2017. Each topic is worth 20 points, for a total of 100 points. You may answer in any order you wish. . . (1) Our book includes Dream of the Rood (or cross); you can find it on pages 32-36. In your view, does this poem help us better to understand and interpret Beowulf? Should they be assigned together? In The Dream of the Rood, the Cross shows a vas sort of fidelity to Christ all through the whole torturous killing. This effective scene indicates Jesus baring himself and climbingRead MoreDream Vision Essay1004 Words   |  5 PagesDream Vision: In a dream vision, the dreamer receives knowledge that he would not have known had he not dreamt it. Basically, rather than the character receiving information from another character, he receives information in a dream. Early in the semester, we read â€Å"The Dream of the Rood.† The title gives away that this is a dream vision. Although we do not witness the character in the dream vision first hand, â€Å"The Dream of the Rood† is his retelling of what he saw in his dream vision: Attend toRead MoreTheme Of Heroism In Beowulf1147 Words   |  5 Pagesenough for modern medicine or comprehensive indoor plumbing, sufficient health and constant upkeep on personal hygiene wasn’t a main concern for these people. The heroic poem â€Å"Beowulf† illustrates the theme of the roles of men and heroism during the Anglo-Saxon period. The translated poem by Seamus Heaney â€Å"The Dream of the Rood† demonstrates how religious concerns are translated variously by different religious outlooks. Heaney demonstrates these themes especially when Christ was left for everyone to

Observation Assignment at a Park Essay - 712 Words

Observation Assignment at a Park Hayden Park was an interesting place for a Freeze-Frame assignment. For those who have not heard of a Freeze-Frame, it is simply sitting in one spot for 15 to 20 minutes observing ones surroundings. So to continue, at first glance, Hayden Park is a typical Valley of the Sun type park. Most of these typical parks have grass, picnic tables, some trees, and usually some sort of sports availability such as a basketball court or soccer field, or both. In addition, the parks also have pleasant surroundings. But Hayden Park is located in South Phoenix, so automatically the typical standard for parks is altered. The surroundings around Hayden Park are far from what most people would consider to†¦show more content†¦There was one peculiar individual, a young Hispanic male, who I observed riding a bicycle in circles around the only building in the park for approximately ten minutes. Nothing but circles, and then he rode off down the road. There was another Hispanic male who was pushing a young child on a swing. After a short time they left the park on foot. The last person I saw during the Freeze-Frame, besides the ice-cream man who drove by and the trailer park resident who passed through the park and walked on down the road, was a city worker who was doing routine maintenance in the park; checking sprinklers, emptying garbage, and doing whatever in the building. As far as structures go, there was the one small square one-story building with graffiti and the brick and cement graffiti riddled canopy structures that covered approximately ten picnic tables. Graffiti was basically everywhere, yet I noticed that the Virgin of Guadalupe, the Saint of Mexico, painted on the side of the building was untouched. Not even gang sign graffiti was anywhere near it. This in itself shows respect; which makes me wonder why the youth and various residents of South Phoenix would disrespect the rest of their neighborhood by polluting it in so many ways. Perhaps it is like Tricia Rose stated, â€Å"graffiti writers†¦claim turf and gain local status by developing new styles† (1)Show MoreRelatedA Qualitative Methodological Approach Through Field Research1209 Words   |  5 Pagesapproach conducting observations through field research. A qualitative methodological approach relies on observations rather than quantifiable evidence such as numbers and statistical analysis. Whyte initially hypothesizes that there is a correlation where the Sun plays a factor on where people decide to sit or not to sit. Whyte’s team, the Street Light Project, installed cameras with a time-lapse coverage of a cross-section of spaces consisting of 14 plazas and 3 small parks. The main techniqueRead MoreSunday Field Trip And Sketch / Photo Essay1626 Words   |  7 Pagesto create an illustrated essay that uses imagery and short blurbs to talk about some of the ideas discussed in the readings and that you observe. The purpose of the assignment is to explore how combining imagery and short blurbs can be used to narrate the history of a site, its design, and how its design has been received. The assignment is meant to get you thinking about how photos can be used to promote ideas and represent experience, as well as how photos found in blogs and magazines can be deceptive—Read MoreSociological Observation980 Words   |  4 PagesI be gan my Sociological Observation Paper at the town’s local baseball field. It was about 8:30 p.m. when the game began, and it was about this time when I noticed the connections between the baseball players and the weary watchers. 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I went to this location on a Saturday night, where it was full of young people. The weather outside was warm, but rainy, so I believe this causedRead MoreMotivating Student Motivation For Students1620 Words   |  7 Pagesin the classroom.  Mainstreaming CSEP (Comprehensive Special Education Program) in a General Education Setting Teachers and students will agree that there is not enough time in the school day to complete what needs to be done. From personal observation, students are falling between, the cracks, getting left behind and lost in their learning due to the lack of opportunities and support in the classroom to check and review their understanding of the content. Teachers are overloading curriculumRead MoreObservation Of A Five Year Old Girl1099 Words   |  5 PagesObservation of a Five Year Old Girl The subject is a six year old girl named Nayali. She lives in a small apartment with her mother and aunt. Nayali was born in Cuba and just moved to the United States three months ago to live with her mother and aunt. Nayali is committed to her family. Her beliefs are not defined yet because of her age, but she believes in some characters such as Santa. According to her mother, Nayali is in discomfort with the changes experienced. She speaks Spanish and her motherRead MoreDescription Of A Photo Journal Assignment1300 Words   |  6 PagesThis photo journal assignment was very interesting and educational. It helped me look outside the box and to really relate geography to my everyday life. My first relatable topic that I came in contact with during this assignment was the process of evaporation. At Dry Creek park in Modesto, CA, I witnessed evaporation taking place in the creek. I have been going to this park for quite some time and in the summer, water levels decrease drastically. Ev aporation is one of the four phases in the hydrologicRead MoreSuppose Your Sociology Instructor Has Asked You to Do a Study of Homelessness. Which Research Technique (Survey, Observation, Experiment, Existing Sources) Would You Find the Most Useful? How Would You Use That Technique to Complete Your Assignment?778 Words   |  4 Pagesinstructor has asked you to do a study of homelessness. Which research technique (survey, observation, experiment, existing sources) would you find the most useful? How would you use that technique to complete your assignment? If my sociology instructor has asked me to do a study of homelessness, I will choose the observation research technique because I think this method is the most useful to me. In definition, observation means collecting information through direct participation and/or by watching a group

Managing Objectives Of Building Risk Management - 1675 Words

â€Å"The myriad reform and regulation activities (pay for performance, accountable care organizations, physician — hospital alignment) can be overwhelming. These new regulations have associated risks of these activities that will impact an organization’s strategic planning. As a result, many boards and executive teams are taking steps to improve the effectiveness of their risk management and risk governance efforts as these new risks emerge. One of the greatest challenges they face is the ability to make risk intelligent decisions for today, and for the future, without really comprehending the new universe of risks in their changing environment. Making risk intelligent decisions requires an integrated, customized approach elements† (Deloitte). Considerations in building risk management strategies Compliance with regulations is one of the largest risks that the health care industry faces. Because the external environment cannot be controlled, companies will need to control internal environments and operations to reduce their risk. Defining the risk and establishing objectives is one of the first steps to achieving an operational risk management plan. This plan should focus on the daily activities that will help organizations such as the Mayo Clinic achieve their organizational goals. To successfully understand the risk that both internal and external environments hold for organizations, correct alignment of resources will aid in reducing the risk and improving overallShow MoreRelatedProblems Associated With The Building And Construction Commission892 Words   |  4 PagesDespite various construction acts, regulations, standards, codes, licensing regimes, other management approaches such as quality management, risk mana gement, defect management building are still handed with defects. It is evident from Queensland Building and Construction Commission (2015a) annual report that in 2014/15 alone received 4,793 complaints about defective work. There are many other defects that are seen to occur during the construction process, which gets rectified before the practicalRead MoreVietnam s Economic Growth On The Economy1320 Words   |  6 Pagesloose; the industry has achieved decisive growth consistent with the Government s economic stimulus packages. However, Vietnam is also a high-risk country. Although the short-term risk is high, it will decrease over the long term according to government attempts to launch economic reforms. The growing FDI in the country will also support to lessen the risk. †¢ Recently, the country experiences political stability. 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A Blind Man Leads the Way Free Essays

A Blind Man Leads the Way â€Å"Cathedral† by Raymond Carver, describes a couple who is awaiting the arrival of the wife’s blind friend, Robert. The husband is not too fond of a blind man staying in their house and is judgmental about meeting him. It’s not until the family sits down to watch t. We will write a custom essay sample on A Blind Man Leads the Way or any similar topic only for you Order Now v. that the husband gains respect for Robert. A show about cathedrals comes on, and Robert asks him to describe them to him. When Robert and the husband draw the cathedral together with their eyes closed, the husband begins to see what he could not describe with his eyes open. Carver uses the cathedral in the story as a symbol of sight, insisting that the narrator was blinded by prejudice before he met Robert and also as a symbol of teaching, Robert acting as a preacher in a church. The husband is very judgmental and negative toward blind people. He states, â€Å"My idea of blindness came from the movies. In the movies, the blind moved slowly and never laughed. Sometimes they were led by seeing eye dogs† (526). The husband views all blind people as the same and gives them the same respect, which is none. He brings them down to make himself feel better. Carver’s figures close themselves off from their worlds, walling out the threatening forces in their lives even as they wall themselves in and retreat destructively into the claustrophobic inner enclosures of self† (Davis). When the narrator meets Robert and they all sit down for dinner, his opinion about Robert begins to change. He says, â€Å"The blind man had right away located his fo ods, he knew just where everything was on his plate† (531). The husband was in shock that Robert did not need someone to cut up his food and help him eat his meals. He begins to see and appreciate Robert as a person and not just as a blind man. His sight is in full affect when he begins describing the cathedral from the t. v. show. The narrator could see the cathedral, but he could not quite describe what he saw. He and the blind man began to draw the cathedral, and for once the narrator felt like he was the blind and that the blind man was the one who could see. The husband states, â€Å"It’s really something† (537). This is when he can fully see the picture not only of the cathedral, but also the understanding that even the blind can see and understand things with their eyes closed. The narrator comes to understand Robert and learns a lot from him. Robert helps him to open his eyes and become less judgmental of the blind. The husband learns from Robert that you can’t judge a book by its cover, and that sometimes it’s the important things in life that you can’t see that really matter. Cathedrals are holy structures that people go to and receive an understanding of a higher power. In this story Robert is represented by the cathedral being the teacher, and the seeker is the husband. Robert is the one who gives the understanding of what it is like to be blind. Robert teaches the husband along the way by his actions and shows him that being blind is not a disability, but sometimes even a gift. Robert insists they draw a cathedral together and as the husband draws, Robert guides him through the process. Robert states, â€Å"That’s right. That’s good,† he said. â€Å"Sure. You got it bub, I can tell. You didn’t think you could but you can, can’t you† (536)? Robert is guiding the narrator through the process, just as a preacher would guide his church through a service. Robert is guiding the husband step by step, making sure he is getting an understanding of the Cathedral. In the beginning, the narrator was less passionate about Cathedrals, but through Robert’s eyes, he grew found of them. The narrator states, â€Å"The truth is, cathedrals don’t mean anything special to me. Nothing. Cathedrals. They’re something to look at on late-night TV† (535). The narrator viewed cathedrals differently by the end, and they made him feel something he had never felt before. The narrator states, â€Å"My eyes were still closed. I was in my house. I knew that. But I didn’t feel like I was inside anything† (536). At this point the narrator feels outside of everything at the moment and spiritually feels like he is part of something greater. â€Å"As a symbol represents a kind of common humanity and benevolence, and of human patience and fortitude, in the process of â€Å"a-spiring. † Curiously enough it is within the walls of the cathedral that the narrator ultimately ends up† (Nesset). Robert showed the narrator that there is a higher power out there. He did not want to pester the husband by talking to him about religion so he showed him through drawing the cathedral. The narrator felt like he was outside of his own body and felt like he was part of something higher. Robert taught the husband along the way showing him that seeing isn’t believing, but believing is seeing. By this point, the narrator witnessed himself opening up and becoming less judgmental of the situation. â€Å"Only in Cathedral does the reader witness the rare moments of their coming out, and process of opening up in closed-down lives that comes across in both the subjects and events of the stories†¦Ã¢â‚¬  (Nesset). Robert was a Christian man, and believes that he showed the narrator that there is a higher power out there, and helped the husband understand that through the cathedral. â€Å"The narrator of â€Å"Cathedral† communicated verbally and non-verbally with Robert, resulting a renewed sense of empathy and a remarkable, almost religious experience† (Champion). The narrator did experience a religious experience through the cathedral, and it made him feel like he was not himself. Through the cathedral, the husband is a changed man. Robert shows and guides him along the way, teaching him that seeing is not everything and that even someone blind can help you to see and understand things you never thought you could describe. In the beginning the husband was very judgmental of Robert and did not want him in his home, and by the end he felt like his life had been missing something and that was the guidance of the cathedral. The sight he encountered as he sat there with Robert and drew the cathedral was like something he had never seen before, and could only be seen with his eyes closed. How to cite A Blind Man Leads the Way, Papers

The Foundations of Human Development free essay sample

The Foundations of Human Development In the Social Environment Janice Allen BASS 325 May 13, 2013 Sandra Knapp The Foundations of Human Development in the Social Environment Introduction) Human development Is the biological, psychological, and social process that a human being must go through to reach full maturity. It defines who we are and how we interact with and view the environment around us. Understanding human development and how it affects an Individual Is an essential theme In human services. Deerstalking the bio-psycho-social dimensions of human development, having cultural competency, and comprehending the general systems theory and how It works are all Important parts of being an effective human service professional. Section I. ) The Interactions between the Bio-psycho-Social Dimensions of Human Development Human development consists of three dimensions: biological, psychological, and social development. These three aspects of human development interact together to create an individuals identity and personality. The biological dimensions of an Individual affect their ability to interact with the world physically. We will write a custom essay sample on The Foundations of Human Development or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page If an Individual has a genetic disability like a birth defect that affects their mobility, for example, it is a challenge to interact with their environment on a personal level unless the individual has help from another or from tools of aid for mobility. The psychological dimensions of an individual affect an individuals perception of the world around them. An individuals psychological state determines how a person can function within society and how they view their environment. The social dimensions of an Individual affect how that individual interacts with other individuals in their environment.These three aspects work together to influence who an individual is and who that individual will become. Section II. ) The Concept of Human Diversity and Cultural Competence Human diversity is a major theme in human development and human services. The world is a very diverse place and as human service professionals we must be prepared to Interact with and understand many people from different backgrounds, beliefs, and cultures. The Job of human service professionals is to help a client reach their full potential of success within society, but in order to do that we must first understand the client.Differences race, nationality, language, religion, sexuality, and even those with disabilities all count as human diversity and are people who human service professionals will encounter every day. These differences can determine ones Identity and Influence how the view and interact with the social world. A human service professional who is prepared for these differences can meet a client at their bevel, communicate with them in a way they will understand, and provide for their toy 2 people wi thout prior knowledge of their needs will be unable to help them at all. If a human service professional with no cultural competency attempted to help a client different from them, this could offend, prevent a client from seeking help, or ultimately even hurt the client further. Another result of cultural lack of understanding could be no progress at all. It is very important for the human service professional to understand diversity and have cultural competency in order to effectively help a client reach their full potential. Section Ill. The Connection between the General Systems Theory and Social Order The general systems theory is a theory of order. It defines the general order of the world and how it functions. Social order is the order in which the social world is structured. Social order is a subset in the general systems theory in that it defines the order of social interaction. The general systems theory states that there is a set way in how we interact with one another and how we function in society as a whole. Conclusion)Human development, the process that all humans must go through in life, defines who we are as people and how we function within society. As human service professionals, it is our responsibility to understand how human development works and how it can affect our clients. We can achieve this through understanding how the bio-psycho-social dimensions of human development affect an individual, the concept of diversity and cultural competency, and how the social world is ordered through the general systems theory.