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.

People and Leadership

Abstract During the development of youth employment programs as a pilot project, the Department of Employment faced an issue associated with the ineffective leadership. The project failed because of problems with the work of the team. Several employees quitted participating in the project development after six weeks because of the overwork and exhaustion.Advertising We will write a custom case study sample on People and Leadership specifically for you for only $16.05 $11/page Learn More The analysis of the case demonstrates that the leader set unrealistic deadlines for the project completion, and the schedule was organized inefficiently. Moreover, there were no clear goals communicated to the employees to coordinate their work. The necessity to replace the employees who rejected to participate in the team made the leadership decide on shifting responsibilities, and employees spent much time for adapting to the work for which they did not have enough expe rience. In addition, they did not receive the necessary training. The informal leader of the team became to act as a manager, and his tasks contradicted the previously set objectives. As a result, the project was frozen. To address the leadership and management problems, it is planned to reorganize the project team with the focus on the scope of tasks and concrete goals. Thus, the number of high-skilled employees in the team needs to be increased. The followed leadership style should be improved with the focus on supportive or inspirational leadership. The proposed schedule and deadlines should be set depending on concrete objectives and the working potential of the staff. These actions are necessary to overcome the problematic situation and predict failures in the future. People and Leadership Case Study The development of new programs and policies is typical for such agencies as the Department of Employment. However, there are cases when the development and implementation of the p rogram can fail because of the inappropriate leadership and management. The team working on the youth employment program faced a problem of completing the pilot project because the leader invited the unreasonable number of employees (6 individuals) for the 12-week project. The scope of the tasks was considerable, but there were only weekly meetings, and the final goal was not communicated appropriately. The leader avoided any additional discussions of the projects, but he encouraged the overwork. As a result, two employees quitted the team because of unclear tasks and the increased stress levels. This situation made the leader re-distribute the duties among new team members, but they were expected to demonstrate high results in a week to fit in the schedule. The productivity decreased because they had no enough skills, and no additional training was provided. The lack of communication and motivation from the leader made team members choose the informal leader and insist on freezing the project.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The discussed issues are important because they indicate how the ineffective planning and communication strategies selected by the leader can affect the success of the whole project because employees are stressed and not aware of the goals (Van Wart, 2014; Yukl, 2014).  The problem was in the fact that the pilot project developed by the team failed because of the leader’s impossibility to make effective decisions regarding the distribution of tasks among employees, planning, setting deadlines, and communicating. Therefore, it is important to propose improvements in the sphere of organizing the teamwork, planning tasks, appointing responsible persons, communicating with employees and motivating them. In addition to summarizing the issues in the case, this paper aims to present the analysis of the situation with the fo cus on the MORETOOLS framework and the leadership role in the project failure. In addition, the solution is proposed, and conclusions are made regarding the case importance for the future practice. The Analysis of the Case Mission and Purpose of the Agency The mission of the Department of Employment is to develop policies and implement programs that are effective to address the employment questions in Australia while creating the advantageous environments for employees. The purpose of the Department’s activities is to improve the current policies and develop new ones to address unemployment issues and protect the vulnerable categories of the population in terms of employment. As a result, the mission is to create the secure and socially friendly workplaces for the Australians (Australian Government Department of Employment, 2015). The mission and purpose are followed while planning and implementing any project oriented to reforming the current policy or proposing a new one. O bjectives of the Manager Guided by the main agency’s mission, each unit of the department has its own management team, and it is responsible for developing concrete projects with specific objectives. The objective of a manager responsible for introducing new employment campaigns for the youth in Australia is to develop programs addressing the mission regarding the secure and advantageous environment and launch them within the fixed period of time. In the near future, the aim is to organize the work of a project team. Therefore, in the critical situation of the project failure, the leader of the unit and team is responsible for completing such short-term objectives as the reorganization of the team and the implementation of the new working strategy to achieve higher results and improve productivity (Felà ­cio, Gonà §alves, da Conceià §Ãƒ £o Gonà §alves, 2013, p. 2140). The team reorganization is necessary to respond to such problems as the exhaustion, impossibility to add ress the deadline, and low-quality outcomes of the project work. The manager’s long-term objective in this case is to create the single unit in the agency formed of experts in the area of the youth and employment.Advertising We will write a custom case study sample on People and Leadership specifically for you for only $16.05 $11/page Learn More Risks and Problems Focusing on the discussed project failure and such manager’s objectives as the organization of the team’s work to address schedules and high productivity, it is possible to prioritize identified leadership risks and problems in the following manner: The absence of the clearly communicated goal and adequate training sessions, team meetings, and discussions of the progress. Ineffective distribution of roles and tasks among the team members that leads to the employees’ exhaustion. The lack of the progress monitoring and coordination according to the observed success. The inappropriateness of the fixed schedule in relation to the scope of the project and tasks that lead to the inability to address deadlines. The performance of the leadership role by more than one team member. The failure of first pilot projects in relation to proposing the effective program in the sphere of youth employment within the fixed deadlines depends on the absence of clearly communicated goal of the project to guide the team members’ activities. Thus, the leader used only the formal approach to informing the team about the project goal. The ideas were shared and discussed during weekly meetings, the additional training was not provided, and the discussion of the progress was limited and irregular. Focusing on the theory of ethical and motivating leadership, the leader failed to demonstrate the supportive communication style to inspire employees to achieve higher results (Schyns Schilling, 2013). The employees lacked the opportunity to be informed of the short-te rm goals and progress, as well as to receive the additional consultation or guidelines.  In addition, the leader distributed the tasks and roles within the project team without referring to the employees’ position responsibilities. Certain team members were not skilled enough to adapt their knowledge to the new area and perform successfully. According to De Vries, Bakker-Pieper, and Oostenveld (2010), such persons experience much stress while adapting to new conditions and cannot demonstrate high results within the short period of time. The leader did not motivate employees to perform better in the new area because of failing to provide opportunities for training and adaptation (Schyns Schilling, 2013, p. 139). In this situation, the schedule was proposed without focusing on such risks as the inability to employees to complete tasks before starting the other project stage. As a result, the lack of the necessary monitoring and coordination led to failures in addressing the project deadlines. The other important problem is the appearance of another informal leader as a result of the lack of the main leader’s communication with the team (De Vries, Bakker-Pieper, Oostenveld, 2010, p. 369). The absence of trust in the leader’s competence and success led to delegating some leadership responsibilities to the informal team leader at the final period of the project development. The reason is that feeling the constant stress, employees need support, and the informal participative leadership works better than the task-oriented formal leadership in this case.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More External and Internal Actors and the Environment While focusing on the approaches to reorganize the teamwork to complete the primary project effectively in contrast to the pilot ones, it is necessary to analyze the role of stakeholders in the process. The most influential actors are the staff of the Department of Employment. To address the problem and predict further failures, it is necessary to organize the collaboration of the team leader and the agency’s human resources coordinators who can provide the additional training for the team members in the context of the project (Yukl, 2014). In addition, the reorganization of the current team leads to inviting other professionals working in the Department to complete set tasks with the focus on their expertise and skills. The external stakeholders include the youth because the project is developed to address their needs and the social organizations working with the young people. It is important to plan more time for analyzing th e statistical information regarding the situation in the sphere of youth employment and collaborate with the Bureau of Statistics. Tools and Constraints The observed project failure can be analyzed in terms of contributing tools and determined constraints. One of the most important tools contributing to the project success is the skilled employees (Van Wart, 2014). The employees were skilled enough in their particular areas, but they needed the additional experience to work in the areas determined by the leader. As a result, the potential tool became discussed as a constraint. At the current stage, the available tools include the required number of the high-quality employees, the availability of the skilled workforce, and the increased funds for the project completion. However, barriers to the project improvement and the reorganization of the team are still significant. The observed constraints include strict deadlines, lack of the training, lack of the set time for employees meetin gs, and underdeveloped communication channels. If a leader fails to overcome barriers with the focus on the available tools, the primary projects can also fail. Opportunities In spite of being associated with a crisis in the leadership, the discussed situation provides many opportunities for the manager to develop the new model of the work in the agency. The reorganization of the teamwork associated with projects in the concrete sphere leads to the development of the specific working model or pattern that improves the performance and increases the productivity of the staff. If a new proposed strategy for managing the project is effective enough, the small number of the skilled employees can complete the larger number of tasks within the limited period of time (Felà ­cio et al., 2013). The leader needs to organize the work of the team in such a way that this team can serve as the expert team for providing consultancy in further similar projects to decrease the time and costs associa ted with the training of other employees. Outcomes and Elements of a Stable Solution To achieve the efficient solution to the determined problem associated with the project failure in the agency, it is necessary to focus on the outcomes of the proposed solution to discuss it as stable and sustainable: The team working on the development of programs comprises out of the adequate number of employees that is correlated with the scope of the project. 80% of assigned tasks are completed at the high-quality level. The productivity of the team increases by 25%. The team works according to the stated schedule, and delays decrease by 30%. The leadership is effective, and the monitoring of the project progress is regular. The degree of cooperation between employees representing different project teams and units of the Department increases by 20%. The level of the stress in employees decreases by 25%. These outcomes of the solution are identified as important because the discussed aspects le d to the failure of pilot projects, and the planned reorganization is aimed to address these issues. Long-Term Improvement The improved approach to organizing the team regarding its size and responsibilities will lead to optimizing the work of the staff and reducing associated costs. Thus, the increases in funds can be required only for the additional training of employees and their compensation. The other long-term benefits include the changes in the approach to the leadership in the organization. It is important to focus on developing the role model of a leader who is flexible, emotionally involved, motivating, communicable, and decisive (Yukl, 2014, p. 121). The currently followed task-oriented leadership style is not appropriate, and the reorganization of the teamwork can also lead to shifting to the supportive and even inspirational leadership styles (Van Wart, 2014). In addition, the long-term improvement involves the enhancement of the work with external stakeholders with the focus on building partnerships with social organizations oriented to the youth well-being and development. Strategies for Actions To solve the identified problems and address the future risks in leadership and management of projects on the subject of youth employment, it is necessary to formulate the clear steps for the solution implementation. The first step is contacting the HRM team, unit leaders, and project coordinators for forming the working team that will include the increased number of skilled employees with the expertise in the sphere of youth and employment programs development. It is also necessary to discuss the opportunities for the training sessions.  The second step is the actual formation of the working group. Those persons who worked on the pilot projects need to be invited to work further. Those employees who experienced the stress and problems in communicating with the leader needs to be replaced with the representatives of other units to increase the workforc e potential. Only high-quality professionals are expected to be invited for the work. This approach guarantees the reasonable distribution of tasks among team members. The third step is the identification of the communication channels to share ideas, visions, tasks, and feedbacks. It is necessary to plan not only weekly meetings but also face-to-face sessions and e-mail reports, as well as training sessions. The next step is the development of the realistic schedule for achieving the goal and completing concrete tasks. It is important to take into account the time for training, meetings, completing tasks, coordinating tasks, revising, and addressing possible barriers while planning the schedule and setting the deadline. The tough deadline is one of the main constraints for this project. Thus, the effective leader needs to develop the schedule while addressing the objectives and responding to the real work potential of the team without leading them to the burnout (Schyns Schilling, 2013). Another point is the correlation of the available workforce and deadlines with the proposed funds. The distribution of resources should depend on the project goals and the number of involved employees. When the communication channels are determined, and the schedule is set, it is important to motivate employees to work at completing tasks for achieving the concrete goal. Therefore, the next step is the building of the cooperating team during the first weeks of the project through the effective communication and supportive leadership. This step also includes the building of partnerships with social organizations and the Bureau of Statistics to receive the outdated information on changes in the sphere.  Ã‚  It is also important to address such constraints as the set short deadlines for projects and destructive leadership. The deadlines need to be set with the focus on the scope of tasks and its priority for the Department. The manager demonstrating the destructive leadership techniques needs to be replaced with the other person, who was discussed as the informal leader during the development of pilot projects (Schyns Schilling, 2013, p. 139). The range of tasks can be delegated according to the partnerships agreement with social organizations and the Bureau of Statistics. Assessment of the Potential for Success The effectiveness of the proposed strategy needs to be assessed in order to guarantee the completion of long-term goals. In this context, the assessment should include the following steps: the weekly monitoring of changes in the team workers’ quality of work and stress levels; the weekly monitoring of the achievements within the set schedule; the monthly monitoring of the performance and progress of the project implementation; evaluations of the individuals’ work with the focus on personal performance assessments. It is important for a leader to evaluate the employees’ attitudes to the work regularly in order to predict po ssible risky situations. Conclusion The Department of Employment faced a problem of developing the effective youth employment programs because the first pilot project failed to be appropriately developed and implemented by the project team. The analysis of the case demonstrated that the problem was in the destructive leadership techniques followed by the manager. As the result of the ineffective leadership, employees had to share responsibilities for which they did not have enough experience; they was not properly informed of the project goal and trained; they suffered from the tension to complete the unrealistic deadlines; and they chose the informal leader among them to address the stressful situation. In order to address similar problematic cases, it is necessary to reorganize the working team according to the project scope and goals. In addition, the selected project leader should follow the supportive or even inspirational leadership style to build a team that can effectively w ork to address the agency’s mission and develop secure and advantageous employment programs for the population, including your people. This case study analysis is important to refer to while discussing similar issues associated with the ineffective leadership, when a leader ignores interaction with the team, cannot communicate the objectives, cannot analyze the project scope, and determine what resources are required to achieve the goal. Moreover, this case study is an example of the leadership that cannot motivate employees, leading to their dissatisfaction. References Australian Government Department of Employment. (2015). De Vries, R. E., Bakker-Pieper, A., Oostenveld, W. (2010). Leadership = communication? The relations of leaders’ communication styles with leadership styles, knowledge sharing and leadership outcomes. Journal of Business and Psychology, 25(3), 367-380. Felà ­cio, J. A., Gonà §alves, H. M., da Conceià §Ãƒ £o Gonà §alves, V. (2013). Social valu e and organizational performance in non-profit social organizations: Social entrepreneurship, leadership, and socioeconomic context effects. Journal of Business Research, 66(10), 2139-2146. Schyns, B., Schilling, J. (2013). How bad are the effects of bad leaders? A meta-analysis of destructive leadership and its outcomes. The Leadership Quarterly, 24(1), 138-158. Van Wart, M. (2014). Leadership in public organizations: An introduction. New York, NY: Routledge. Yukl, G. (2014). Leadership in organizations. New York, NY: Prentice Hall. This case study on People and Leadership was written and submitted by user Finnegan Gallegos to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Answering the Question - What is the Best Leadership Quality Personal Essay Sample?

Answering the Question - What is the Best Leadership Quality Personal Essay Sample?The question is 'What is the best leadership quality personal essay sample?' This is a question that is being asked all over again in today's corporate world. The challenges of success require the greatest of leaders to be as articulate as possible.Leaders are constantly challenged by their jobs and the demands of the organization. These demands tend to be more demanding than the previous ones because of the technology advancement. The data of the organization is changing at a rapid pace. This could mean that organizations may have to change their focus from one to another for a period of time.The fact is that everyone will need to develop some individual leadership qualities for themselves. This is essential because it is no longer enough to be the leader. Leadership quality personal essay sample might be required even for the member of a business team. It is important to recognize this need and to as k for help from someone with exceptional abilities.One of the most valuable leadership qualities would be the ability to analyze the strengths and weaknesses of a particular person. To get this kind of information, an individual will need to assess his or her skills. When the person cannot find the skills or attributes needed, it is very difficult to build on that individual's abilities or to do the job.In order to get the best leadership quality essay sample, a writer will need to research the topic of the subject. The ability to choose the best time for writing is an important consideration. Ideally, the subject should be chosen so that the writer can write his or her best work. Writing on a specific topic can be very productive when done when an individual finds the time.The writer should also be able to use such issues as good or bad as motivating factors. Theyare often a part of any successful individual and can be as effective as the same. A writer will have to take the time t o understand this. There is no better way to motivate than to write about issues that a person has dealt with personally or professionally.Leadership quality essay sample can be found on almost every topic imaginable. The most important thing is that a writer will want to look for the best one that suits his or her style. Getting a certain quality is what makes the difference in the quality of a person's work.

Radio Astronomy in the Desert

Radio Astronomy in the Desert If you drive across the Plains of San Agustin in central west New Mexico, youll come across an array of radio telescopes, all pointed toward the sky. This collection of big dishes is called the Very Large Array, and its collectors combine to make a very large radio eye on the sky. Its sensitive to the radio part of the  electromagnetic spectrum  (EMS). Radio Waves from Space? Objects in space give off radiation from all parts of the EMS. Some are brighter in some parts of the spectrum than others. Cosmic objects that give off radio emissions are undergoing exciting and energetic processes. The science of radio astronomy is the study of those objects and their activities. Radio astronomy reveals an unseen part of the universe we cannot detect with our eyes, and its a branch of astronomy that began when the first radio telescopes were built in the late 1920s by Bell Labs physicist Karl Jansky. More about the VLA There are radio telescopes around the planet, each tuned to frequencies in the radio band that come from naturally emitting objects in space. The VLA is one of the most famous and its full name is the Karl G. Jansky Very Large Array. It has 27 radio telescope dishes arranged in a Y-shaped pattern. Each antenna is large - 25 meters (82 feet) across. The observatory welcomes tourists and provides background information about how the telescopes are used. Many people are familiar with the array from the movie Contact, starring Jodie Foster.  The VLA is also known as the EVLA (Expanded VLA), with upgrades to its electronics, data handling, and other infrastructure. In the future it may  get additional dishes.   The VLAs antennas  can be used individually, or they can be hooked together to create a virtual radio telescope up to 36 kilometers wide! That allows the VLA to focus in on some very small areas of sky to gather details about such events and objects as stars turning on, dying in supernova and hypernova  explosions, structures inside giant clouds of gas and dust (where stars might be forming), and the action of the black hole at the center of the Milky Way Galaxy. The VLA has also been used to detect molecules in space, some of them precursors to pre-biotic (related to life) molecules common here on Earth.   VLA History The VLA was built in the 1970s. The upgraded facility carries a full observing load for astronomers around the world. Each dish is moved into position by railroad cars, creating the correct configuration of telescopes for specific observations. If astronomers want to focus on something extremely detailed and distant, they can use the VLA in conjunction with telescopes stretching from St. Croix in the Virgin Islands to Mauna Kea on the Big Island of Hawaii. This larger network is called the Very Large Baseline Interferometer (VLBI), and it creates a telescope with a resolving area the size of a continent. Using this larger array, radio astronomers have succeeded in measuring the event horizon around our galaxys black hole, joined the search for dark matter in the universe, and explored the hearts of distant galaxies.   The future of radio astronomy is big. There are huge new arrays built in South America, and under construction in Australia and South Africa. Theres also a single dish in China measuring 500 meters (about 1,500 feet) across. Each of these radio telescopes is set well apart from the radio noise generated by human civilization. Earths deserts and mountains, each one with its own special ecological niches and landscapes, are also precious to radio astronomers. From those deserts, astronomers continue to explore the cosmos, and  the VLA remains central to the work being done to understand the radio universe, and takes its rightful place with its newer siblings.

Womens Right to Education

Womens Right to Education Hashtag: #HappyWomensDay The Struggle for Formal Education The international Women’s Day is celebrated to recognize the struggles and achievements of women around the word. Two of the most prominent of these achievements are the right to vote and the right to education. The struggle for women’s equality began in early 19th century. In the 1830’s, while maintaining their role as wives and mothers, women’s movement in America sought to broaden their knowledge through a formal college education. However, the cult of motherhood and limited social and political rights during that time restricted this education to home application. For instance, the American educators who pushed for women’s education justified their efforts on the benefits of education in the domestic sphere, in marriage, and motherhood. Consequently, colleges offered a limited range of courses that are mostly relevant to women’s role as homemakers and mothers. The fight for their right to education was further made difficult and prolonged by the fear that educated women would abandon their traditional domestic duties and intrude upon the male sphere. In fact, the male-dominated popular press of the early 20th century even publicized the notion that women are destined parlor, nursery, and kitchen workers and mentally and physiologically incapable of education. Moreover, although firmly promoting equality for women, the movement itself during that time had no strong position on the role of educated women in western society and in fact spreading the doctrine of separate spheres. Women had achieved the right to vote in the 1920 but made little progress in their struggle for employment and education. Women remained largely excluded in the educational system until they started to pursue higher education and earned more bachelors degree than men in the 1980s. Achieving Gender Equality Through Education Education for women is one of UNESCO’s gender equality priorities. Consequently, most educational systems around the world offer women education and empowerment. Women’s continuing effort to improved their knowledge and skills not only resulted in the creation of more institutions for women’s learning but recognition of the fact that women’s education is as necessary and beneficial as that of men. The study shows that that are more women in formal education now than in the past. The reason is that formal schooling not only enhanced their opportunity for employment but also improved their conditions in life. In developing countries, for instance, educational helped women meet their practical gender needs, benefit from salaried employment and healthier households. However, due to cultural attitudes, women in some developing nations appear restrained and need to put more effort in their quest equality, knowledge, and skills. Although the majority of developing nations, provide women greater access to formal education, they are restrained by cultural attitudes pertaining to female education. In fact, study shows that education for females in some African countries lagged behind that of males. Some of the barriers found include sexual abuse and harassment, particularly in mixed gender schools. Education had already improved the lives of millions of women around the world. They have greater access to higher education offered by public and private universities. Women are increasingly benefitting from online courses offered by Open University and Continuing Education Programs. They are now empowered, independent, have greater participation in government, and better employment opportunities.

The last financial crisis 2007-2009 has many implication on different Term Paper

The last financial crisis 2007-2009 has many implication on different markets , however there are some arguments that the gulf a - Term Paper Example Granting of loans in an uncontrolled manner, which resulted in the value of the loan exceeding that of the assets, was the root of the problem. These loans were provided to the borrowers without conducting a minimum check on their credit-worthiness. The result was that many of the borrowers failed to pay their loans back, which clearly reflected the financial status of the institutions and their inability to pay their obligations, thereby resulting into collapse. This paper investigates the severity of the impact on the GCC market. In this context, the financial market of the GCC countries has been considered along with special attention towards Qatar. The study revealed that the severity of the impact was not as huge as compared to the rest of the world. This can be due to the fact that the policy makers of GCC countries took ardent steps to mitigate the risk. Moreover, the Qatari economy did not get much affected and the banks were declared solvent in that time. However, the real e state business was seen to experience huge hit by the credit crunch. 1. Introduction In the year 2008 and 2009, the global economy was rocked by the financial crisis which was considered as the most devastating economic event, after the Great Depression in 1930s. The aftermath of this global crisis was felt in every part of the world. The global crisis was initiated by the low interest rate regime along with huge inflow of foreign funds that led to the housing construction boom and encouraged large consumption of debt-financing in USA. The Federal Government of United States made it possible for almost everyone to own a home by giving 1 percent rate on the mortgages. The loans that included the mortgages were given to almost everybody without checking the credit worthiness of the borrowers (Sivakumar and Krishnaswami, 2012). With the decline in the housing prices, the major financial institutions, which were involved in borrowing for investing in the subprime MBS, had reported signi ficant loss. This decrease in the price also resulted in a fall in the prices of the homes that worth less than the mortgage loans, which incentivised financially the entry towards the foreclosure. Towards the end of 2008, the crisis peaked. Several banks and other financial institutions of Europe and USA failed as a result of this crisis and governments were trying hard to save these institutions by bailing them out (Kasekende, Ndikumana and Rajhi, 2009; Anon., 2009). The crisis started propagating beyond its epicentre, thereby affecting not only the advanced economy, but also the emerging economies and the rich Arab GCC countries. This paper aims to analyse the degree of impact on the GCC countries. In this context, the paper will specially analyse the situation in Qatar and other GCC countries. 2. Literature Review 2.1 Evolvement and Concept of Global Financial Crisis The term financial crisis refers to the sudden reduction in the price of the assets, which can be financial, such as, bonds and shares and can even be materials like, equipments and machinery. This sudden reduction can result from the price bubble which indicates an abrupt and huge increase in the prices ending in a sudden collapse. Moreover, the bankruptcy of Lehman Brothers, the giant financial institu

Media Analysis Assignment Essay Example | Topics and Well Written Essays - 1000 words

Media Analysis Assignment - Essay Example This symbolizes the idea that the later generations of the first generation immigrants who made America their home during the early part of the twentieth century, have become an integral part of the culture of this continent. In simple words it means that these later generations have become completely ‘Americanized’ by losing their own cultural identity, thus adding to the cultural pot where all cultures simply melt away to produce a mash called the ‘American culture’. However, a closer look will reveal that it is not so as the myth claims. Indeed, America is more about the co-existence of different cultures that are each vitally alive in their own identities. Here we will review and analyze the movie â€Å"Crash†, and see the different underlying racial discriminations that are often existent in real life America. This movie portrays the co-existence of many cultures from different parts of the world living in America, and tries to show the tensions between them, and how they judge each other and form assumptions. In real sense this movie does a commendable job in bursting the myth of the so called ‘great American cultural melting pot’. There are two very distinct sides to the myth of this ‘cultural melting pot’. One part signifies that all are welcome in this country, irrespective of being rich, poor, black, white or brown. Everyone is welcome to take a part in the grand American dream of prosperity and freedom, and be a part of the single cultural identity that is called ‘Americanism’. The other side is much darker, that which with the help of this myth attempts to extenuate the presence of racial discrimination and bigotry. It simply tries to portray racism and intolerance as a passing phase as the minority immigrants adjust in this new country. This is evident in a magazine article that in 1875 said â€Å"the fusing process goes on as in a blast-furnace;