The Tragedy of Emma Bovary :: essays research papers fc

The Tragedy of Emma Bovary       "I've never been so happy!" Emma screeched as she remained before the mirror. " Let's head out to have a great time. I need to see Chorus and the Guggenhiem and this Jack Nicholson character you are continually talking about." Emma Bovary in Woody Allen's The Kugelmass Episode.      As I stay here considering the life of Emma Bovary I wonder what it must have truly been similar to for her. She was youthful, more youthful than I am presently when she kicked the bucket. She was interested and brilliant and likely would have been an incredible understudy; energetic however with her mind a tad in another place. Open doors for ladies in the 1850's were, as we as a whole know, incredibly restricted. I wonder on the off chance that I would have fared far superior to Emma on the off chance that I had been as caught as her. I likewise wedded youthful, however when I understood it had been an error I had the choice of a separation, Emma didn't. I have had the chance to get decent instruction furthermore, to decide for myself what way my life would take. I feel sorry for Emma. Having never been allowed the chance to find her actual self or to build up her fantasies and trusts in her future, all she needed to put together her desires with respect to were trashy romance books. I can't envision what my life would resemble if the entirety of my young interest had been compelled to be fulfilled by only Danielle Steel romance books. Emma endeavored to better herself and her circumstance. She needed to arrive at the more elite class of society; she needed what we in this nation allude to as the "american dream." She needed more than her folks had.      Emma needed to feel extraordinary love and own decent things and live in a great city. These are not things that are strange to the majority of us. In spite of the fact that it might be diverting to peruse Woody Allen's‘ #' 0*((a a ‘ take on what Emma Bovary may resemble on the off chance that she went to cutting edge New York, it should likewise be understood that he isn't totally mixed up in his thoughts of her character. In a clever way, Woody Allen can summarize Emma's desire forever and her longing to understanding and learn new things; to really go out and live. Maybe an excursion, for example, the one depicted in Mr. Allen's short story would have been the thing to spare Emma Bovary, despite the fact that I question she would have ever needed to return to Yonville as she does in Allen's story.

Feudalsim :: European Europe History

Feudalsim During the Middle Ages, nations battled and contended for land and pride. The principle objective of the pioneers of these nations was worldwide control. With a few nations battling for one reason, there was no possibility they would resolve their disparities calmly, regularly prompting wars and clashes. Feudalism was the staple of European government. In spite of the fact that it served medieval legislators well, the social structure was fantastically unequal, which was the primary purpose behind its defeat. The production of this type of government is accepted by researchers to have been back in the ninth century, A... the foundations of feudalism increased quickened association in the ninth century ...@ (Bunsen 179). This expresses the most persuasive nations and districts started to frame during this time. AIts starting points, be that as it may, were followed to the separation of centralization of the Roman Empire ...@ (Bunsen 179). This implies even before the primitive regions started to create, proof of medieval social orders was being concocted. At the point when the Roman domain fell, it left numerous rich landowners spread all through the European scene. For each rich landowner there were numerous more unfortunate, less noticeable ex-roman residents. AThey concluded in this manner to praise themselves to proprietors, giving up to a ruler as a byproduct of security and the option to cultivate the properties@ (Bunsen 179). This was the start of the primitive countries. Different regions would advance, however generally these were the more unmistakable nations. The offspring of the men who possessed the land would acquire the land just as some other property claimed by their dads. This custom kept rich individuals rich and destitute individuals poor. Individuals who traded their property for insurance were protected from restricting adversaries by knights, infantrymen and horsemen. The vassal rendered to his master certain administrations notwithstanding providing his share of furnished knights (Bishop 110). The essential guard for a ruler was his knight. AThe knights shaped the center of the lord=s family unit; a significant number of them lived for all time inside the mansion dividers and were taken care of and housed by him@ (Barbara 269). Knights that were given reverence by their rulers didn't generally require any land however were as yet paid in fiefs, which were stretches of land paid to whomever. AThese family unit knights didn't require an award of land on which to live, however they regularly got it all the same@ (Barbara 269). This indicated the partiality the masters and rulers felt and communicated to high society residents.

The Mistake of Using Job Descriptions to Write Your Resume

The Mistake of Using Job Descriptions to Write Your Resume I have received many inquiries from clients who think it’s a good idea to copy their current job description into their resumes, and/or copy the job description of the position they’re applying for into their resumes. I STRONGLY recommend against using job descriptions to write your resume. Heres why neither of these tactics is effective: 1. Copying Current Job Descriptions Your current job description is just a list of job duties. The cardinal rule for resumes in today’s job market is to write your resume as a list of achievements and accomplishments, NOT as a list of job duties! I would go so far as to say that your job description has very little to do with what you actually do and accomplish in your position. I’ll take myself as an example. The job description for my position at the University of Wisconsin Law School said that I counseled students on their legal career search. It didn’t say what my success rate was, or how creatively I worked with students’ cover letters and resumes, or that I created a PowerPoint presentation on Resumes for Law Students. It did not mention the 5 job search resource manuals I created for various big cities across the United States, or the positive feedback I got from the students I worked with. It was my job to put these successes, which were nowhere to be found in my job description, into my resume. They spoke much more to what I can accomplish in any similar position than a statement that I “assisted students with resumes and cover letters.” You don’t need to emphasize the job duties in your job descriptions to write your resume. Instead, focus on the things you’ve done that will be relevant and impressive to the reader. 2. Copying Future Job Descriptions A lot of people make the mistake of copying the job description of a job they want into their resume, thinking they will score high with Applicant Tracking Software (ATS) systems. While you might get past the ATS with a resume like that, once a human lays eyes on your resume, you’ll land in the “no” pile. Copying and pasting requires no creativity and, ironically, makes it appear that you did NOT do the things you claim you did. Using job descriptions to write your resume just shows a hiring manager or HR person that you can cut and paste. Some people have copied and pasted the job description of their targeted position using white “invisible” text. Warning: Once a resume goes through an ATS system, that text will no longer be invisible! So you take a risk, once a human is looking at your resume, of being seen as trying to play the system. Not good. 3. The Right Way to Write Your Resume Instead of copying and pasting job descriptions in order to capture keywords, FIRST write your resume to highlight your accomplishments. Create the best document you can create. AFTER you have put together a great resume, THEN see what tweaks you can make to include some of the keywords from the future job description. For instance, I worked with a client applying for a Senior IT Director position. The position description listed “Develop and approve exceptions to policy…” His finished resume did not have the phrase “exceptions to policy” in it, but in reality, he worked with exceptions to policy regularly. He was able to add this phrase into an already existing bullet regarding his program management accomplishments. For more on how to use keywords in your resume, see my article,  Top 20 Tips on Writing ATS-Compatible Resumes for ATS Systems. In general, when crafting a winning resume, truth and honesty are the best policy. Don’t get lazy or think you’re “working the system” by using the cut and paste functions on your keyboard. What will get you an interview is your unique accomplishments. And another important thing that will get you a job is your integrity. Focus on those and you will see success in your job search. Still need some help to make your resume great? Contact The Essay Expert about our Resume and Cover Letter Services.

Application Letter For Electronics And Communications...

I find resonance in the words of Nikola Tesla, â€Å"If you want to find the secrets of the universe, think in terms of energy, frequency and vibration†. Change is what defined my childhood. My father is with the Indian Army and we moved to a new city every two years. In India, where language, food and culture change every hundred miles, I completed my education in several schools and under diverse settings. My curiosity to work in situations where nobody knows anything , and build up everything from scratch led me to pursue Engineering. Since automation, digitization and convergence of technology are today central to all streams of engineering, I decided to opt for Electronics and Communications Engineering for under graduation. This stream enabled me to apply my knowledge to build different applications in any field, and the courses served in refining my understanding about the subject making me keenly appreciative of the subtleties in this field. In college, inspired by technology and motivated by social implications, I teamed up with couple of classmates on a project for quadriplegic paralysis patients who are unable to use their limbs and are completely dependent for their mobility. The device was able to detect precise head movement and transmit the signal to the wheelchair circuitry setting it in motion. We extended this system by connecting it to wirelessly interact with a ZigBee receiver that is linked to electrical appliances via 8051 micro controller allowing theShow MoreRelatedI Am A International Competitor1317 Words   |  6 Pagesam not afraid of failure. I am eager to learn the lessons required to reach the top. I dare say it is a very pleasurable mix. My views on learning are not extraordinary. They are however centred on comprehensive and investigative approaches to engineering problems. I am happiest when I am identifying problems – in a complex circuit, in control systems, logic and digital circuits or simply the detection of flaws in coding. When the problem is accessible and simultaneously acts as an intellectual stimulantRead MoreHow Engineer s Australia Stage 1 Competencies1547 Words   |  7 PagesDescriptive, formula based understanding of the underpinning natural and physical science and the engineering fundamentals applicable to the practice area. I as an electrical engineer pursuing my master in electrical and electronic engineering developed a skill to solve the problem. During my bachelors, I studied natural and physical science and basic fundamentals that are required in the engineering field and also gained vast knowledge how to identify and tackle new problem in the practical worldRead MoreRa 92927360 Words   |  30 PagesLICENSING AND PRACTICE OF PROFESSIONAL ELECTRONICS ENGINEERS, ELECTRONICS ENGINEERS AND ELECTRONICS TECHNICIANS, REPEALING REPUBLIC ACT NO. 5734, OTHERWISE KNOWN AS THE ELECTRONICS AND COMMUNICATIONS ENGINEERING ACT OF THE PHILIPPINES, AND FOR OTHER PURPOSES Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled: ARTICLE I GENERAL PROVISIONS Section 1.  Short Title.  - This Act shall be known as the Electronics Engineering Law of 2004. Section 2.  StatementRead MoreQuestions On Smart Home Security System1102 Words   |  5 PagesHardik Jadav, 038396156 Course: TEC400NBJ (Technical communications) Date Submitted: April 12, 2017 Submitted to: Professor Gail Harris SENECA COLLEGE OF APPLIED ARTS AND TECHNOLOGY School of Electronics Engineering and Computer Engineering Technology 1750 Finch Ave. East Toronto, Ontario M2J 2X5 Gail Harris Professor Department of Business Studies Seneca College Subject: Transmittal Letter Dear Professor, Being the student of TEC400, we are reporting our projectRead MoreSmart Helmet : Test Sensor And Helmet Authentication1582 Words   |  7 PagesKondandapani1, K. Sudarsan2, P. Kumaraguru Diderot3 1Department of ECE, BMS Institute of Technology, Bangalore, Karnataka, India. 2M.Tech, Embedded systems, Department of Electronics and Communication Engineering, Hindustan University, Chennai, India 3Assistant professor, Department of Electronics and Communication Engineering, Hindustan University, Chennai, India ABSTRACT Due to rise in death due to negligence after accidents it was necessary to generate a system to limit accidental deaths.Read MoreCryptography Vs. Modern Cryptography Essay1160 Words   |  5 PagesIntroduction Cryptography is the practice and study of techniques for secure communication in the presence of third parties called adversaries. More generally, cryptography is about constructing and analyzing protocols that prevent third parties or the public from reading private messages; various aspects in information security such as data confidentiality, data integrity, authentication, and non-repudiation are central to modern cryptography. Modern cryptography exists at the intersection of theRead MoreDesign Of Low Pass Fir Filter1518 Words   |  7 Pagesby the PSO is in the neighborhood of that particle and this value is called (gbest) Figure 1 PSO flow chart. SYSTEM DOMAIN An RLC circuit (the letters R, L and C can be in other orders) is an electrical circuit consisting of a resistor, an inductor, and a capacitor, connected in series or in parallel. The RLC part of the name is due to those letters being the usual electrical symbols for resistance, inductance and capacitance respectively. The circuit forms a harmonic oscillator for currentRead MoreStatement of Purpose for a Masters in Business Administration773 Words   |  3 Pagessince school time. After degree I have joined in banking and financial industry and I have got adequate managerial experience in banking and finance domains. I have completed my graduation degree in Engineering in Electronics and Communication with a strong knowledge base of communication and computers. It not only made me technically sound, but also helped me in acquiring comprehensive problem solving abilities. I believe that this unique blend of experiences has made me a man withRead MoreThe Definition Of Technology From Www1377 Words   |  6 Pagesarts, engineering, applied science, and pure science.† Technology is both technology and science and are closely related but they are different in so many ways. Science explains the natural world while technology develops and explains the human-made world. Technology is always improving because our needs and demands for technology keep on changing. Communication Technology uses technical means to transmit information or data from one place to another or from one person to another. Communication isRead MoreAn Introduction To Engineer s Australia Stage 1 Competencies2330 Words   |  10 Pages Portfolio 1 ENG5001 - Professional Skills in Engineering August 18, 2014 By: Ragesh Odungattu Student Number: 0061066438 Table of Contents S.no Contents Page 1. Reflect On Engineers Australia’s Stage 1 Competencies 2. Skills And Knowledge From Past 3. Study Plan 4. Reflection On Professional Engineering And Study In Australia 5. Reflect On The EWB Projects 6. Team Work Skills 7. Problems And Appropriate Solutions 8. Group Formation And Discussion In Study Desk 9. Importance

Is Google Making Us Stupid Essay - 1400 Words

Is Google Making Us Stupid? Is an article that exemplifies rhetoric expertise. The writer of the article, Nicholas Carr, is well known for his writing regarding the tech industry. Before understanding the author’s approach, the reader must understand the author’s background. What authority do they have to write about this subject? In this case, I’ll deliver my own knowledge of his background. Carr is a scholar writer who has written for the Harvard Business Review, various essays covering tech influential topics, as well as a few books that have received rather high reviews from critics. While Carr never directly referenced his background within this article, there is a small assumption to be made from the purpose of this piece. Carr is writing this article in order to provide background information for his new book Utopia is Creepy. This is logical of the writer since he is giving us a taste of his writing style, while it is also giving the reader a chan ce to preview his stance on technology in a brief manner. With Carr’s background in mind, we can begin to look at his purpose with the article. The author uses various rhetorical methods within his writing to structure the writing, form his argument, and achieve his overall purpose. Writing is similar to the construction of a building. The structural beams of the building must be put into place to support the underlying information. Carr is able to provide support for his article by connecting his ideas togetherShow MoreRelatedIs Google Making Us Stupid?1240 Words   |  5 Pagesone idea to be represented in many different ways. Both Nicholas Carr’s article â€Å"Is Google Making Us Stupid?† and M.T Anderson’s novel Feed, the broad idea of the relationship between humans and technology is portrayed. Carr’s article complains of how technology changes the way we think. Carr instigates the idea that we are losing our passion for learning as a res ult of the internet and search engines such as Google. These advancements, Carr proposes, lead to a world where our intelligence â€Å"flattensRead MoreIs Google Making Us Stupid1140 Words   |  5 PagesIs Google Making Us Stupid In the Atlantic Magazine, Nicholas Carr wrote an article, â€Å"Is Google Making Us Stupid?† Carr poses a good question about how the internet has affected our brain, by remapping the neural circuitry and reprogramming our memory. Carr states, â€Å"My mind isn’t going—so far as I can tell-but it’s changing. I’m not thinking the say way I used to think.† Carr went on farther, saying that he cannot read as long as he used to, his concentration starts to wonder after two or threeRead MoreIs Google Making Us Stupid?920 Words   |  4 Pagesa different perspective than that of Manuel Castells. In â€Å"Is Google Making Us Stupid?† Carr believes the Internet has taken the foundation out of learning, socializing and reading. Coupled with Manuel Castells, Nicholas Carr agrees that the Internet has been of good use in some cases (Wikipedia for the many hours of research conducted for its database that we access) but he also believes the Internet is slowly making him and us stupid. Carr says â€Å"My mind now expects to take in information the wayRead MoreIs Google Making Us Stupid?1548 Words   |  7 Pagesindependent will and creative imagination. These gives us the ultimate human freedom†¦. The power to choose, to respond, to change (Independence Quotes. Brainy Quote. Xplore. Web. 16 Nov. 2015.).† The Declaration of In dependence allows people to do whatever they please as long as it’s within the law, but Google is restraining what people can really do. It may not seem that a search engine can limit people, but one needs to think about the many things Google consists of that doesn’t allow people to chooseRead MoreIs Google Making Us Stupid?1048 Words   |  4 Pagesï » ¿Is Google making us stupid? Three authors weigh in One of the most common clichÃÆ' ©s is that the Internet has robbed us of our attention spans and impeded our ability to communicate effectively. Once we could write properly, now we only text. Google has made us lazy in terms of how we research and access data. However, is this true? In three major news publications, three major essayists have grappled with this question and come to completely different conclusions. Although the neurological evidenceRead MoreIs Google Making Us Stupid?879 Words   |  4 PagesAmerican writer, Nicholas G. Carr, in The Atlantic July/ August 2008 Issue titled â€Å"Is Google Making Us Stupid?† argues that the amount of time we spend online, especially google, has caused us to lose our minds by â€Å"tinkering† with our brains, â€Å"reprograming our memory,† and changing the way in which we process information. Carr’s purpose is to contribute to the idea that â€Å"Google† along with other online tools, is programi ng us to be less attentive and to the inhibition of our critical thinking skills. GuidedRead More`` Is Google Making Us Stupid?1505 Words   |  7 Pagescritically inspect both the positive and negative effects technology can have on development and cognition and all assert that technology is not as daunting as some make it out to be. However, some opinion based pieces such as Nicholas Carr’s â€Å"Is Google Making Us Stupid?† conclude that we should be apprehensive about technology advancing. The differences in outlook towards digital technology s future effect on the mind can best be seen in how authors view technology as a source of distraction, hypertextRead More`` Is Google Making Us Stupid?1384 Words   |  6 Pagestechnology is changing the way we access information; anything is accessible in mere seconds. This implementation has resulted in the most aware society of all time. Most information is just a quick and simple Google search away. An article, written by Nicholas Carr â€Å"Is Google Making Us Stupid? â€Å" in a 2008 issue for The Atlantic magazine, questioned the negative cognitive effects of the world wide web. Carr recognizes how much we rely on the internet and believes that humanity needs reform. AccordingRead MoreIs Google Making Us Stupid?1040 Words   |  5 Pagesquestion â€Å"Is Google Making Us Stupid?† This has set off a debate on the effects the internet is having on our brains. Obviously the internet is here to stay, but is it making us scatterbrained? Are we losing the ability to think deeply? Criticism of the Web most often questions whether we are becoming more superficial and scattered in our thinking. In the July-August 2008 Atlantic magazine, Nicholas Carr published Is Google Making Us Stupid? (http://www.theatlantic.com/doc/200807/google). Like otherRead MoreIs Google Making Us Stupid?733 Words   |  3 Pages Nicholas Carrs article, â€Å"Is Google Making Us Stupid?† makes points that I agree with, although I find his sources to be questionable. The article discusses the effects that the Internet may be having on our ability to focus, the difference in knowledge that we now have, and our reliance on the Internet. The points that are made throughout Carrs article are very thought provoking but his sources make them seem invaluable. Carr discusses the effects that the Internet has on our minds and the way

Knowledge Management Audit Report Free Essays

string(40) " confident in discharging their duties\." The case study depicts the problems associated with a regency grand, a five-star hotel situated In Thailand. Initially the hotel was performing well under Thai General Manager; however since the takeover by a large American hotel chain, regency grand hotel was experiencing deteriorating circumstances regarding its business and reputation. Mr. We will write a custom essay sample on Knowledge Management Audit Report or any similar topic only for you Order Now . Becker was inducted as a new General Manger if Regency Grand Hotel. He was Interested in applying the concepts, methods, policies and procedures of hotel management which he earlier practiced successfully in the united States to the Regency Grand Hotel. Mr.. Backer’s success was mostly on acquisition were the operations were experiencing low morale and poor profitability. One of the major points In this case study Is the fact that Regency Grand Hotel was not experiencing low morale and poor profitability. In fact Regency Grand Hotel was one of the top performing hotels of Thailand were employee satisfaction was high. Mr.. Backer’s expertise was in successfully implementing management strategies in a sinking organization rather than in an established and stable organization. Research has shown that the right employee should be hired at the right time. [r] One of the major issues as delineated in the case study is the implementation of same Human Resource Management Strategy in different countries. This Human Resource Management strategy by Becker comprised of introducing the concept of decentralization at Regency Grand Hotel. According to Becker, this strategy will yield enhanced employee motivation and overall Job satisfaction which will untimely lead to more profits. This strategy was successfully Implemented by Becker In his previous assignments. Becker was very confident of achieving positive results by Introducing this strategy immediately. One study shows that practice of Human Resource Management can vary across countries mainly because of adaptation of managerial practices and cultural idiosyncrasy [Snell and Dean, 1 992, Salk and Brannon, 2000]. Hefted argues that national cultures impact the attitudes and behaviors of employees (Hefted, 1980). This Is true in the case of Mr.. Becker. Since he came from United States and had been successfully practicing Human Resource Management with employees exhibiting us culture, he had a mindset reflecting us employee’s behavior towards management practice. Furthermore, Mr.. Becker was of the impression that the same Human Resource Management could be practiced in Thailand without realizing that there would be systematic differences that may have existed in Human Resource Management in different countries. Management by Objective Is the process of specifying objectives within an organization to ensure that the employees at the managerial level and non managerial level abide with the objectives set fourth so that they can fully understand what is required and what needs to be done within an organization. Studies have shown that productivity within an organization increases if Management by Objective program is launched (Robbins and Coulter, 2005, 165). However, Becker Introduced the concept of decentralization but was not able to Implement It stressfully. Becker spent most AT Nils tale wilt ten operational level employees. This resulted in Backer’s direct communication with the operational level employees which helped the employees better understand what Becker wanted and expected from them. However, the supervisor’s empowerment role was minimized which resulted in poor performance. Scholars have written that mutually agreed objectives are set forth between employees. Becker implemented him decentralization plan after getting approval from several rather than all managers ND department heads. Most of the scholars agree that the Management by Objective is successful if it is implemented from top to down while ensuring complete participation [Rodgers, R. ; Hunter, J. E. 1991]. When power and control in shared in organization, the overall effectiveness increases. (Organelle et al. , 2007)The empowerment is used as management tool which empowers employees to practice innovative approach while working. Furthermore, empowerment is the power which is transferred from top level to bottom level [(Teach et d. 0 04).. Honed (1997) argued that empowerment should have higher degree of accessibility and accountability while having the freedom to act. This signifies that management in order to empower their employees, must ensure that the employees will be motivated and committed. This will help them achieve organizational goals while the chances of an employee to quit will significantly reduce. Employee empowerment has been defensiveness’s ways, but K thaws et al. (2007), Money and Hankie (2006) and Honed (1997) agreed that the core element of empowerment involves giving employees section or latitude over certain task related activities. Smith and Mould, (1998) defined empowerment as a transfer of rower flow the employer to the employees to make quick and quality decision. Honed (1997) argued that empowerment is not only having the flooded to act, but also having higher degree of responsibility and accountability. This indicates that management must empower their me peoples so that they will be motivated committed satisfied and assist the organizations achieving objectives Mohammedanize employees intention to quit. Transferring power to the employees should be done with due diligence, at the same time employees to whom the power is transferred to, must be held accountable for their actions. Accountability will instill discipline in utilizing the scarce resources optimum for the benefit of the organization and other stakeholders. Therefore, employees should be empowered through, sharing information, autonomy in making decisions and improving their intellectual capacity. Welling et al (1991) similarly proposed that an organization that empowers their employees will be able to survive and grow in any environment. Mohammed and Prevail (1998) argued that empowerment is a state of mind and empowered employees mind experiences feelings of, (1) control over the Job to be performed, (2) awareness of the context in HCI the work is performed, (3) accountability for personal work output, (4) shared responsibility for unit and organizational performance and (5) equity in the rewards based on individual and collective performance. The Cognitive model of empowerment, defines empowerment on a broad term, which Includes ten console AT ProvoEng employee Witt genuine Coo enrollment Ana opportunities to have their voice heard having real power for control and influence over work processes, which leads to employees to be confident in discharging their duties. You read "Knowledge Management Audit Report" in category "Management" This model further emphasizes that organizations have no options except to empower their employees for purpose of survival, growth and increase efficiency and being competitiveness. Further, the model of work team effectiveness postulated by Cohen et al. (1996) commented that employee empowerment should be the primary focus for any manager who tries to design effective self managing work teams in organization. Organelle et al. (2007) suggested that, like the concept of power, empowerment can be viewed in two ways. First, it can be viewed as a relational conduct – which me that managers should delegate power to the subordinates. Secondly, a motivational construct where employee empowerment is seen as a scheme to motivate employees in organization. Thus empowered employees feel motivated when they are given autonomy to make decision about their work or are involved in the planning process of Ethel organization. Therefore employee empowerment implies that power is granted to the employees or delegation of authority. Similarly, Procter et al (1999) suggested that for the use of the term empowerment of members to be meaningful, there must be a genuine shift in the locus of power away from the top management to the shop floor. Melee (2004) argued that empowerment is a complex interactive process which involves the act of developing and increasing power to the subordinates. In addition they identified five core mimeo which can enhance empowerment in organizations and these includes educating of employees, leading, mentoring, supporting and proving proper structures to enhance employee empowerment in organization. This clearly shows that empowerment is a multi-monsoonal process which involves many systems of the organization and is an ongoing process. Lloyd fee al. 1999) asserted that, managers should act as coaches and help employees to solve problems. Managers should empower subordinates by delegating susceptibilities and assisting them when they have problems and thus employees will feel more satisfied with their managers and they will consider them to be fair and in return they will perform to their manager’s expectations. Employees need to be assisted in the process of empowerment. Participative management, managers must empower their employees by allowing them to participate in decision m a h g process. For impatience the model of employee empowerment postulated by Mammal and Securest (1996) argued that employee empowerment has been expounders the concept of participative management. The model emphasized that empowerment to eke a strong foundation in organizations; managers should intrinsically motivate the behavior of their employees and must release some of their authority and responsibility to other levels of the organization. Honed (1997) equated employee empowerment as management-by-stress strategy that pushes people and systems to the breaking point by forcing workers to do more. Lack of employee empowerment in many organization is compeered as a major source of organizational stress and conflicts. Management to a certain degree will reduce stress among their employees by empowering them. Employee empowerment s a management practice, which all managers should take seriously in their organization, Decease It’s tongue empowerment Tanat employees wall Improve organizational performance. Management needs to consider the following facts to ensure that empowerment in their organization is enhanced and nurtured. Empowerment through Job involvement, empowerment significantly enhances Job involvement Job satisfaction; career satisfaction and organizational commitment (Manorial and Hashing, 2006). This in the long MN will make employees feel that they are valued in their organization and create a higher degree of Job satisfaction and commitment. Thus employees are motivated by both extremis and intrinsic rewards such as autonomy in decision-making and challenging work. Leadership strategy, good leadership is critical for sustaining continuous improvement of employee empowerment in organization (Carson and King, 2005). Good leadership needs to be demonstrated at all levels of the organization. A good leader in an organization is intuitively able to tap into expressed thoughts of others, to give verbal expression to their feelings, able to delegate and empower employees. This would make vision created by management to be brought into pollution. Good leadership empires braininess, creates a vision to be followed by the organization employees and empowers employees through traffic and development. Hams (2004) argued that leadership is not only having innovative ideas, but also getting people to follow, not just in dragooned single file, but with pride, literature in their hearts and expectation. Employee endowment to be successful in organization there is need for godlessness to be in place at all levels of the organization. Empowerment to be successful in organization management should use empowerment for bottom-Line results. Klan and Rosen (1999) stated that there are four key increments for empowering program to succeed in organization, these are management must agree to support the program, inauguration warrants fanfare, must be offered for ideas generated and accepted essential for team leaders, program coordinators and evaluation committees to be in place to evaluate the progress of empowerment and advise the best way to enhance it in organizations. Therefore, empowerment is not a product of any structure or system, but it is a process, which is ongoing, dynamic and fluctuating. Translators and Murray (1996) stated that empowerment is getting workers to do what needs to be done rather than doing what they are told and involves delegation, individual responsibility, autonomous decision making and feelings of self-efficacy. Employee empowerment program to be successful in organization, management must put in place a structure in the system to support the whole process (Boggle and Smooch 2004). It is recommendable that empowerment process should take place in an environment where it’s allowed, nurtured and promoted by management and employees. Management decision not communicated properly Options Regency Grand Hotel can revert back to the earlier style of hotel management practiced by Thai General Manager. Under his belt, the Regency Grand Hotel was crowned as one of the most prestigious hotels of the region and the employees were enjoying Delve chocolates wilt n ten note. Nine star, wanly earlier let Decease AT Becker, could be contacted once again and given offer to rejoining Regency Grand Hotel. Management by Objective In Application of decentralization should be more concrete. Change of management style Make use of Configuration Management â€Å"organizational effectiveness is greatest when the information processing capacities of the structure fit the information-processing requirements of the work† Recommendations How to cite Knowledge Management Audit Report, Essays

Knowledge Management Audit Report Free Essays

string(40) " confident in discharging their duties\." The case study depicts the problems associated with a regency grand, a five-star hotel situated In Thailand. Initially the hotel was performing well under Thai General Manager; however since the takeover by a large American hotel chain, regency grand hotel was experiencing deteriorating circumstances regarding its business and reputation. Mr. We will write a custom essay sample on Knowledge Management Audit Report or any similar topic only for you Order Now . Becker was inducted as a new General Manger if Regency Grand Hotel. He was Interested in applying the concepts, methods, policies and procedures of hotel management which he earlier practiced successfully in the united States to the Regency Grand Hotel. Mr.. Backer’s success was mostly on acquisition were the operations were experiencing low morale and poor profitability. One of the major points In this case study Is the fact that Regency Grand Hotel was not experiencing low morale and poor profitability. In fact Regency Grand Hotel was one of the top performing hotels of Thailand were employee satisfaction was high. Mr.. Backer’s expertise was in successfully implementing management strategies in a sinking organization rather than in an established and stable organization. Research has shown that the right employee should be hired at the right time. [r] One of the major issues as delineated in the case study is the implementation of same Human Resource Management Strategy in different countries. This Human Resource Management strategy by Becker comprised of introducing the concept of decentralization at Regency Grand Hotel. According to Becker, this strategy will yield enhanced employee motivation and overall Job satisfaction which will untimely lead to more profits. This strategy was successfully Implemented by Becker In his previous assignments. Becker was very confident of achieving positive results by Introducing this strategy immediately. One study shows that practice of Human Resource Management can vary across countries mainly because of adaptation of managerial practices and cultural idiosyncrasy [Snell and Dean, 1 992, Salk and Brannon, 2000]. Hefted argues that national cultures impact the attitudes and behaviors of employees (Hefted, 1980). This Is true in the case of Mr.. Becker. Since he came from United States and had been successfully practicing Human Resource Management with employees exhibiting us culture, he had a mindset reflecting us employee’s behavior towards management practice. Furthermore, Mr.. Becker was of the impression that the same Human Resource Management could be practiced in Thailand without realizing that there would be systematic differences that may have existed in Human Resource Management in different countries. Management by Objective Is the process of specifying objectives within an organization to ensure that the employees at the managerial level and non managerial level abide with the objectives set fourth so that they can fully understand what is required and what needs to be done within an organization. Studies have shown that productivity within an organization increases if Management by Objective program is launched (Robbins and Coulter, 2005, 165). However, Becker Introduced the concept of decentralization but was not able to Implement It stressfully. Becker spent most AT Nils tale wilt ten operational level employees. This resulted in Backer’s direct communication with the operational level employees which helped the employees better understand what Becker wanted and expected from them. However, the supervisor’s empowerment role was minimized which resulted in poor performance. Scholars have written that mutually agreed objectives are set forth between employees. Becker implemented him decentralization plan after getting approval from several rather than all managers ND department heads. Most of the scholars agree that the Management by Objective is successful if it is implemented from top to down while ensuring complete participation [Rodgers, R. ; Hunter, J. E. 1991]. When power and control in shared in organization, the overall effectiveness increases. (Organelle et al. , 2007)The empowerment is used as management tool which empowers employees to practice innovative approach while working. Furthermore, empowerment is the power which is transferred from top level to bottom level [(Teach et d. 0 04).. Honed (1997) argued that empowerment should have higher degree of accessibility and accountability while having the freedom to act. This signifies that management in order to empower their employees, must ensure that the employees will be motivated and committed. This will help them achieve organizational goals while the chances of an employee to quit will significantly reduce. Employee empowerment has been defensiveness’s ways, but K thaws et al. (2007), Money and Hankie (2006) and Honed (1997) agreed that the core element of empowerment involves giving employees section or latitude over certain task related activities. Smith and Mould, (1998) defined empowerment as a transfer of rower flow the employer to the employees to make quick and quality decision. Honed (1997) argued that empowerment is not only having the flooded to act, but also having higher degree of responsibility and accountability. This indicates that management must empower their me peoples so that they will be motivated committed satisfied and assist the organizations achieving objectives Mohammedanize employees intention to quit. Transferring power to the employees should be done with due diligence, at the same time employees to whom the power is transferred to, must be held accountable for their actions. Accountability will instill discipline in utilizing the scarce resources optimum for the benefit of the organization and other stakeholders. Therefore, employees should be empowered through, sharing information, autonomy in making decisions and improving their intellectual capacity. Welling et al (1991) similarly proposed that an organization that empowers their employees will be able to survive and grow in any environment. Mohammed and Prevail (1998) argued that empowerment is a state of mind and empowered employees mind experiences feelings of, (1) control over the Job to be performed, (2) awareness of the context in HCI the work is performed, (3) accountability for personal work output, (4) shared responsibility for unit and organizational performance and (5) equity in the rewards based on individual and collective performance. The Cognitive model of empowerment, defines empowerment on a broad term, which Includes ten console AT ProvoEng employee Witt genuine Coo enrollment Ana opportunities to have their voice heard having real power for control and influence over work processes, which leads to employees to be confident in discharging their duties. You read "Knowledge Management Audit Report" in category "Management" This model further emphasizes that organizations have no options except to empower their employees for purpose of survival, growth and increase efficiency and being competitiveness. Further, the model of work team effectiveness postulated by Cohen et al. (1996) commented that employee empowerment should be the primary focus for any manager who tries to design effective self managing work teams in organization. Organelle et al. (2007) suggested that, like the concept of power, empowerment can be viewed in two ways. First, it can be viewed as a relational conduct – which me that managers should delegate power to the subordinates. Secondly, a motivational construct where employee empowerment is seen as a scheme to motivate employees in organization. Thus empowered employees feel motivated when they are given autonomy to make decision about their work or are involved in the planning process of Ethel organization. Therefore employee empowerment implies that power is granted to the employees or delegation of authority. Similarly, Procter et al (1999) suggested that for the use of the term empowerment of members to be meaningful, there must be a genuine shift in the locus of power away from the top management to the shop floor. Melee (2004) argued that empowerment is a complex interactive process which involves the act of developing and increasing power to the subordinates. In addition they identified five core mimeo which can enhance empowerment in organizations and these includes educating of employees, leading, mentoring, supporting and proving proper structures to enhance employee empowerment in organization. This clearly shows that empowerment is a multi-monsoonal process which involves many systems of the organization and is an ongoing process. Lloyd fee al. 1999) asserted that, managers should act as coaches and help employees to solve problems. Managers should empower subordinates by delegating susceptibilities and assisting them when they have problems and thus employees will feel more satisfied with their managers and they will consider them to be fair and in return they will perform to their manager’s expectations. Employees need to be assisted in the process of empowerment. Participative management, managers must empower their employees by allowing them to participate in decision m a h g process. For impatience the model of employee empowerment postulated by Mammal and Securest (1996) argued that employee empowerment has been expounders the concept of participative management. The model emphasized that empowerment to eke a strong foundation in organizations; managers should intrinsically motivate the behavior of their employees and must release some of their authority and responsibility to other levels of the organization. Honed (1997) equated employee empowerment as management-by-stress strategy that pushes people and systems to the breaking point by forcing workers to do more. Lack of employee empowerment in many organization is compeered as a major source of organizational stress and conflicts. Management to a certain degree will reduce stress among their employees by empowering them. Employee empowerment s a management practice, which all managers should take seriously in their organization, Decease It’s tongue empowerment Tanat employees wall Improve organizational performance. Management needs to consider the following facts to ensure that empowerment in their organization is enhanced and nurtured. Empowerment through Job involvement, empowerment significantly enhances Job involvement Job satisfaction; career satisfaction and organizational commitment (Manorial and Hashing, 2006). This in the long MN will make employees feel that they are valued in their organization and create a higher degree of Job satisfaction and commitment. Thus employees are motivated by both extremis and intrinsic rewards such as autonomy in decision-making and challenging work. Leadership strategy, good leadership is critical for sustaining continuous improvement of employee empowerment in organization (Carson and King, 2005). Good leadership needs to be demonstrated at all levels of the organization. A good leader in an organization is intuitively able to tap into expressed thoughts of others, to give verbal expression to their feelings, able to delegate and empower employees. This would make vision created by management to be brought into pollution. Good leadership empires braininess, creates a vision to be followed by the organization employees and empowers employees through traffic and development. Hams (2004) argued that leadership is not only having innovative ideas, but also getting people to follow, not just in dragooned single file, but with pride, literature in their hearts and expectation. Employee endowment to be successful in organization there is need for godlessness to be in place at all levels of the organization. Empowerment to be successful in organization management should use empowerment for bottom-Line results. Klan and Rosen (1999) stated that there are four key increments for empowering program to succeed in organization, these are management must agree to support the program, inauguration warrants fanfare, must be offered for ideas generated and accepted essential for team leaders, program coordinators and evaluation committees to be in place to evaluate the progress of empowerment and advise the best way to enhance it in organizations. Therefore, empowerment is not a product of any structure or system, but it is a process, which is ongoing, dynamic and fluctuating. Translators and Murray (1996) stated that empowerment is getting workers to do what needs to be done rather than doing what they are told and involves delegation, individual responsibility, autonomous decision making and feelings of self-efficacy. Employee empowerment program to be successful in organization, management must put in place a structure in the system to support the whole process (Boggle and Smooch 2004). It is recommendable that empowerment process should take place in an environment where it’s allowed, nurtured and promoted by management and employees. Management decision not communicated properly Options Regency Grand Hotel can revert back to the earlier style of hotel management practiced by Thai General Manager. Under his belt, the Regency Grand Hotel was crowned as one of the most prestigious hotels of the region and the employees were enjoying Delve chocolates wilt n ten note. Nine star, wanly earlier let Decease AT Becker, could be contacted once again and given offer to rejoining Regency Grand Hotel. Management by Objective In Application of decentralization should be more concrete. Change of management style Make use of Configuration Management â€Å"organizational effectiveness is greatest when the information processing capacities of the structure fit the information-processing requirements of the work† Recommendations How to cite Knowledge Management Audit Report, Essays

Developmental Profile free essay sample

This vital relationship positively impacts a childs physical, mental, and emotional well-being. It is deeply valued by millions of American families. The movie, Big Daddy, is a about a young boy that has been sent back to live with his biological father. He did not know that he had a son, but found out shortly after his mother passed away and the boy was brought to his home. The father, played by Adam Sandler, takes on the responsibility of raising the five-year-old little boy. In the movie, he adopts a permissive parenting style and allows the child to make his own decisions and rules. He does not give his son boundaries or guidelines. The movie depicts that not having rules, guidelines or parental expectations will result in the child making the right decisions for himself on his own. However, both our text book and research shows that although these type of parents tend to be warm and supportive with their children, not setting rules and boundaries for children to follow usually results in children who are rebellious, impulsive and domineering. We will write a custom essay sample on Developmental Profile or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Adam Sandler does not say no to his son, which is a main characteristic of a permissive style parent. Sandler was simply a resource for his son rather than a role model that should be communicating what is to be expected from his son. Permissive style parenting over a long period of time will result in teens that may have difficulty with self-control and demonstrate egocentric tendencies that can interfere with proper development of peer relationships. Later in the movie, the child does display his first signs of rebellion due to Sandler’s type of parenting; when asking his son to do something, the son repeatedly says what he wants and doesn’t accept any negotiating. Sandler gives in. I chose to also analyze the movie, Stepmom. It depicts the trouble with combining families with parents who differ in their parenting styles. Both families discipline and teach the same children, yet they can contradict each other in the process. Many binuclear families run in to this parenting problem when they decide to remarry. There are many scenes from the movie that consist of Julia Roberts, the step mother, and Susanne Sarandon, the mother, arguing due to differences in the way they would like to raise the daughter. The movie seemed to be very realistic and showed viewers exactly what binuclear families are forced to compromise on. Communication is key to resolve these problems. In the scene that I have chosen to show the class, the two mothers are both looking out for the best interest of their daughter. They are both genuinely concerned about her, but have different opinions about the way things should be handled. To save the daughter from confusion, I feel that it should be important that parents work together and keep an open line of communication. This will enable their daughter to understand boundaries and feel secure about her own decision-making. According to our book, it often becomes stressful in a family when parents do not agree on how to parent. Both parents should acknowledge, respect and value the parenting roles and tasks of the other parent. The Blind Side was another movie that depicts the importance of a positive parent-child relationship. This movie shows the difference that parent involvement and parental contribution can make in a child’s life. Before meeting the Touhy family, Michael was the result of uninvolved, neglectful parenting. He was the sixth child out of the twelve that she had. His parents were not concerned with his needs, whereabouts or experiences at school. His father had left long before he was born and his mother was more concerned with drugs and fending for herself rather than her children. When Michael joined the Touhy family, his emotional needs were finally being met. Their family gave him the security, love, trust, affection and self-esteem that he had been missing. As depicted in the movie, Mrs. Touhy became very involved with Michael’s life. She took an active interest in what was going on with school. When she noticed that he was struggling, she quickly got him the help he needed. According to our textbook, children who feel secure and safe will explore and learn more readily. Starting with a base of security, Mrs. Touhy could further enhance Michael’s development by providing intellectual stimulation. She encouraged him to set goals, work hard and stay focused on the prize. With use of discipline tactics learned from the game of football, Mrs. Touhy helped Michael develop the self-control that will enable him to be successful with anything he does. There are so many reasons why the parent-child relationship is so important during development. I believe that movies can teach and inspire good parenting, but they can also be unrealistic and wrong. Media has a huge influence in the decision making process of everyone. The clips that I have chosen, I feel, have shown good examples of different parenting styles and the value of good parenting. Steinberg, L. (2001). We know some things: Adolescent-parent relationships in retrospect and prospect. Journal of Research on Adolescence, 11, 1-19.

Huntingtons Disease Essays - Huntingtons Disease, Senescence, DNA

Huntingtons Disease Huntington's Background Huntington's disease is inherited as an autosomal dominant disease that gives rise to progressive, elective (localized) neural cell death associated with choreic movements (uncontrollable movements of the arms, legs, and face) and dementia. It is one of the more common inherited brain disorders. About 25,000 Americans have it and another 60,000 or so will carry the defective gene and will develop the disorder as they age. Physical deterioration occurs over a period of 10 to 20 years, usually beginning in a person's 30's or 40's. The gene is dominant and thus does not skip generations. Having the gene means a 92 percent chance of getting the disease. The disease is associated with increases in the length of a CAG triplet repeat present in a gene called 'huntington' located on chromosome 4. The classic signs of Huntington disease are progressive chorea, rigidity, and dementia, frequently associated with seizures. Studies & Research Studies were done to determine if somatic mtDNA (mitochondria DNA) mutations might contribute to the neurodegeneration observed in Huntington's disease. Part of the research was to analyze cerebral deletion levels in the temporal and frontal lobes. Research hypothesis: HD patients have significantly higher mtDNA deletionlevels than agematched controls in the frontal and temporal lobes of the cortex. To test the hypothesis, the amount of mtDNA deletion in 22 HD patients brains was examined by serial dilution-polymerase chain reaction (PCR) and compared the results with mtDNA deletion levels in 25 aged matched controls. Brain tissues from three cortical regions were taken during an autopsy (from the 22 HD symptomatic HD patients): frontal lobe, temporal lobe and occipital lobe, and putamen. Molecular analyses were performed on genomic DNA isolated from 200 mg of frozen brain regions as described above. The HD diagnosis was confirmed in patients by PCR amplification of the trinucleotide repeat in the IT 15 gene. One group was screened with primers that included polymorphism and the other was screened without the polymorphism. After heating the reaction to 94 degreesC for 4 minutes, 27 cycles of 1 minute at 94 degreesC and 2 minutes at 67 degreesC, tests were performed. The PCR products were settled on 8% polyacrylamide gels. The mtDNA deletion levels were quantitated relative to the total mtDNA levels by the dilution-PCR method. When the percentage of the mtDNA deletion relative to total mtDNA was used as a marker of mtDNA damage, most regions of the brain accrued a very small amount of mtDNA damage before age 75. Cortical regions accrued 1 to 2% deletion levels between ages 80-90, and the putamen accrued up to 12% of this deletion after age 80. The study presented evidence that HD patients have much higher mtDNA deletionlevels than agematched controls in the frontal and temporal lobes of the cortex. Temporal lobe mtDNA deletion levels were 11 fold higher in HD patients than in controls, whereas the frontal lobe deletion levels were fivefold higher in HD patients than in controls. There was no statistically significant difference in the average mtDNA deletion levels between HD patients and controls in the occipital lobe and the putamen. The increase in mtDNA deletion levels found in HD frontal and temporal lobes suggests that HD patients have an increase mtDNA somatic mutation rate. Could the increased rate be from a direct consequence of the expanded trinucleotide repeat of the HD gene, or is it from an indirect consequence? Whatever the origin of the deletion, these observations are consistent with the hypothesis: That the accumulation of somatic mtDNA mutations erodes the energy capacity of the brain, resulting in the neuronal loss and symptoms when energy output declines below tissue expression thresholds. (Neurology, October 95) Treatments Researchers have identified a key protein that causes the advancement of Huntington's after following up on the discovery two years ago of the gene that causes this disorder. Shortly after the Huntington's gene was identified, researchers found the protein it produces, a larger than normal molecule they called huntingtin that was unlike any protein previously identified. The question that they did not know was what either the healthy huntingtin protein or its aberrant form does in a cell. Recently, a team from Johns Hopkins University found a second protein called HAP-1,

Answers for ESL Learners

Answers for ESL Learners What are Adjectives? Adjectives are words that describe objects, people and places. She has a fast car. - Fast  describes the car.Susan is very intelligent.- Intelligent  describes Susan.Thats a beautiful mountain. - Beautiful describes mountain. In other words, adjectives describe characteristics of different things.   There are nine types of adjectives which are explained below. Each type of adjective includes a link to further details of the particular grammar usage. Descriptive Adjectives Descriptive adjectives are the most common type of adjective and are used to describe a certain quality such as large, small, expensive, cheap, etc. of the object. When using more than one descriptive adjective, it is important to make sure that they are placed in the correct  adjective order. Jennifer has a difficult job.That sad boy needs some ice cream.Susan purchased an expensive car. Proper Adjectives Proper adjectives are derived from  proper nouns  and must always be capitalized. Proper adjectives are often used to show the origin of something. Proper adjectives are also often the name of a language or a people.   French tires are excellent.Italian food is the best!Jack prefers Canadian maple syrup. Quantitative Adjectives Quantitative adjectives show us how many of something is available. In other words, numbers are quantitative adjectives. However, there are other quantitative adjectives such as  several, many, a lot of  which are also known as  quantifiers. There are two birds in that tree.She has many friends in Los Angeles.I count sixteen mistakes on your homework. Interrogative Adjectives Interrogative adjectives are used to ask questions. Interrogative adjectives include which and what. Common phrases using interrogative adjectives include:  Which type / kind of and what type / kind of plus a noun.   Which kind of car do you drive?What time should I come?What type of ice cream do you like? Possessive Adjectives Possessive adjectives  are similar to subject and object pronouns, but they indicate possession.  Possessive adjectives include my, your, his, her, its, our, and their.   My house is on the corner.I invited their friends to dinner.Her dog is very friendly. Possessive Nouns Possessive nouns act like possessive adjectives but are formed by using a noun.  Possessive nouns are created by adding an apostrophe to a noun to indicate possession such as the  cars color, or the  friends vacations. Toms best friend is Peter.The books cover is misleading.The houses garden is beautiful. Predicate Adjectives Predicate adjectives are placed at the end of a sentence or clause to describe the noun at the beginning of a sentence. Predicate adjectives are often used with the verb to be. His job is stressful.The vacation was enjoyable.It probably isnt very easy. Articles Definite and indefinite articles  can be thought of as a type of adjective because they describe the noun as one of many or a specific instance of a particular object.  Ã‚  A  and  an  are indefinite articles,  the  is the definite article. Tom would like an apple.She wrote the book thats on the table.I ordered a glass of beer. Demonstrative Pronouns Demonstrative pronouns  show which objects (noun or noun phrase) is meant. Demonstrative pronouns include  this, that, these  and  those.  This  and  that  are singular demonstrative adjectives, while these and those are plural. Demonstrative pronouns are also known as  determiners. I would like that sandwich for lunch.Andrew brought these books for everyone to read.Those trees are beautiful! Adjectives Quiz Find the adjective and  identify its form. Choose from: descriptive adjectiveproper adjectivequantitative adjectiveinterrogative adjectivepossessive adjectivepossessive nounpredicate adjectivedemonstrative pronoun I gave the ball to her cousin.Education is important.They have a beautiful daughter.Which kind of car did you decide to buy yesterday?Those cars belong to Peter.She has a lot of friends in China.Chicago is amazing!Jennifer proposed an elegant solution to the problem.What kind of grades did you get?Helens house is located in Georgia.  Italian food is the best!Holidays can be boring at times.  Alex has three books.Its a hot day.Our friend didnt answer the question. Answers: her - possessive adjectiveimportant - pronominal adjectivebeautiful - descriptive adjectivewhich kind of - interrogative adjectivethose - demonstrative pronouna lot of - quantitative adjectiveamazing - pronominal adjectiveelegant - descriptive adjectivewhat kind of - interrogative adjectiveHelens - possessive nounItalian - proper adjectiveboring - pronominal adjectivethree - quantitative adjectivehot - descriptive adjectiveour - possessive adjective

Journal (Answer All questions) Essay Example | Topics and Well Written Essays - 1000 words - 1

Journal (Answer All questions) - Essay Example Additionally, strategies may be considered as an art or craft tool owing to the fact that it is a tool applied at various managerial facets and it involves the formulation, instrumentation and the examination of various processes geared towards achieving certain goals (Johnson et al, 2011). Intended strategy applies to myriad organizational dimensions; it involves undertaking deliberate planning and execution of the planned courses of actions. In some occasions it may also be referred as deliberate strategy for instance humanitarian organization may formulate tools that will enable them deliver specific forms of assistance to victims of a disaster or industries may develop tools that will enable them fit in a competitive market. Tools used in intended strategy may include; objectives, visions as well as the application of a SWOT analysis process to enhance the achievement of a desired goal (Cooper, 2007). On the other hand, emergent strategies encompass a framework of actions that are formulated over time in the process of implementing organizational plans without intended missions, objectives as well as visions. According to Mintzberg, it is described as ‘a realized pattern that was not intended’. For instance; an organization may realize certain imperative actions that may develop in the process of their operation which may also facilitate the achievement of their goals. The learning school strategy is among the ten schools of strategy; it is based on the idea that strategy is a tool that develops in the process of acquiring new ideas and skills concerning various organizational facets. For instance; an organization may be faced by various challenges in the process of its operation however, new ideas may emerge in the process that may assist in creating a solution to the problem (Bhatt, 2005). The other school of strategy is the position strategy that was developed by

Analysis of Sprint PCS Essay Example | Topics and Well Written Essays - 750 words

Analysis of Sprint PCS - Essay Example While in services main costs are connected to equipment maintaining those services and have little impact on prices (which are mainly formed by customer's demands), mobile phones have a lot of issues on manufacturing and especially testing product costs. "One hundred percent of mobile phones are tested to ensure regulatory and standard compliance, where many other consumer electronic products are merely sample tested." (Strickler, 2004). Additionally, mobile phones have ultra-short life cycles comparing to other consumer electronics, which is followed with more funds spent on designing new models. As most of the manufacturing of Sprint is outsourced to China manufacturing labor costs are considered to be low. Still in the context of aggressive competition in the wireless industry they must be taken into account. Recent years have been regarded as productivity increasing due to technological innovations in manufacturing. Raw materials needed for production of cellular phones are the industry without a clear cut leader, which along with decreasing overall waging costs and at the same time slight increase in average wages had a positive influence on productivity and average total costs of cellular phones: as labor productivity growth settles in near its longer-run trend of 2 to 2-1/2 percent, increases in unit labor costs may begin to put some upward pressure on prices, offsetting possible moderation in nonwage costs (Bernanke 2005). As iMarket Structure As it was stated earlier cellular phone industry is very dense leaving no free space to possible new contenders. Market structure in mobile services is an oligopoly, when power is concentrated in the hands of several key players, that is: Cingular, Sprint, T-Mobile, Verizon etc. Position of Sprint in mobile phones industry is comparatively weaker, major players are: Nokia, Motorola, Siemens, Alcatel and Sony Ericsson. Such heavy competition along with the wide choice of vendors available to customers creates implications on pricing. Simply there is very little space for adjusting prices because a company has to stay close to its main pricing curve. Cellular phones have evolved from a hi-tech gadget to an everyday life commodity negatively affecting prices, which continue to decrease. On the other side extremely wide audience of consumers and further shortening life-cycle increases amounts of cell phones sold. Recent performance of Sprint shows that while the customer base of the company continues to increase its revenues are the same as two years ago. "Sprint's subscriber base grew 110% but its market share has barely changed since June 2002. Price erosion and competition has reduced Services revenue by 19%" (Alexander Resources, 2005) Moreover the company experiences low customer satisfaction recently found by Strategy Analytics: "Sprint PCS posts below average ratings on many measures, though the carrier does redeem itself somewhat with a well-received product and service range" (Wi-fitechnology.com 2004). Therefore Sprint PCS needs changes in its strategy for further development. First of all, if bigger is not better Sprint needs to reduce the distance between the company and a certain customers group. Secondly it should pay more attention to the quality of its products to increase customer satisfaction with more added value. Economic Forecast Basing on the macroeconomic forecast presented by the learning team (Hahn et al 2005) I have selected the following factors that will affect the demand of

Organizational Structure at Nokia

Organizational Structure at Nokia Organizational Structure at Nokia As of October 1, 2009 the organizational structure at Nokia was extremely mobile and flexible. Figure 1 Nokias organizational structure is horizontal and it allows for greater flexibility and speedy communication channels between different departments. The devices unit looks after the development and management of mobile devices portfolio which is targeted at all major consumer segments. The solutions department ensures that it continuously develops solutions whereby ensuring that a particular mobile device has integrated contents and personalized services and the output of these three components results into a leading mobile phone for the end user. The solutions unit works with other departments in close proximity to provide such solutions. The services department creates and designs internet services that enhance the consumer experience when Nokia phone users interact with the web. The main areas where this unit focuses on include messaging, maps, music, and Ovi developer tools. This department also ensures that there is a consistent increase in different services as the market evolves. The other significant department is Markets which acts like a supply chain department for Nokia. The unit is also responsible for sales channels, branding and marketing activities for various products and services. The corporate development department looks for future growth opportunities and it also plans for future strategic actions that will give the company a competitive advantage against competitors. This department also provides operational supports to other core departments such as Devices, Services, Solutions and markets. Nokia Siemens Networks is a joint venture with Siemens and it provides network infrastructure which is both fixed and wireless. This division also provides communications and networks service platforms. Finally, the last major division is NAVTEQ; this unit is a provider of detailed navigational maps and digital map data automobile navigation systems, navigation systems for mobile devices, internet mapping applications and mapping solutions to government and other businesses. NAVTEQ is an important part of Nokias operations since it provides downloadable maps and other content that will enhance the experience of consumers who use Nokias smart phones. Corporate Governance The way authority and responsibility is organized at Nokia it shows that the company is exemplary in its approach towards corporate governance. The companys strategic and significant natured decisions are made by the board. These matters might include strategic guidelines, approval of periodic plans and decisions on major divestments or investments. The company charter, article of association and Finnish Companies Act determine the roles and responsibilities of all directors and executive members. According to the auditors and company information strict guidelines are followed in terms of code of conduct and ethical behavior of each employee. Similarly the company complies with all stock market requirements of the Helsinki stock market, New York and Frankfurt stock exchanges. The company provides all necessary data to authorities at NYSE because the under the rules any firm that complies with its national laws must file any differences that exist between its national laws and the laws to be followed under NYSE.    Competitors of Nokia Corporation Nokias direct and major competitors include Motorola Inc, Cisco Systems Inc, Research in Motion, LM Ericsson Telephone Co., and QUALCOMM Inc. The company faces stiff competition in the business oriented mobile phone market from RIMs Blackberry series. Nokias E-series phones are geared to compete with the Blackberry series. Similarly the company faces challenges from Samsung and Motorola in the touch screen phone markets and the latest Android based phones that offer efficient and extremely user friendly interface to consumers. In the navigations and maps market Nokia, like the traditional manufacturers such as Garmin, TomTom, faces tough competition from the Google and Apple partnership that will make the iPhone the ultimate navigation and smart device for this generation. The difference between this navigation process that iPhone will offer is that consumers wouldnt need to download maps for a price or they would not need automotive navigations systems rather they would use their smart phones as navigation devices at very low rates. For the year 2009, Nokias market share remained flat at around 38% in the global handset market after consumers continue to encourage Apples iPhone in favor of the N series that Nokia is offering. Nokia also faces competition from Ericsson mobile phones in the music phones; Sony Ericssons superior voice quality and speaker quality give its phones an edge over Nokias Express music series. Industry Outlook for 2010 The expectations of the company for 2010 are considerably flat in terms of the performance of its various divisions. Overall the mobile device industry is expected to increase by about 10% in 2010 in terms of volume compared to 2009. For the year 2010 Nokia expects its mobile device market share to be flat compared to 2009, a similar sort of expectation also exists for Nokia and Nokia Siemens Networks as the venture sees a minimal increase in euro terms for the mobile and the fixed infrastructure services market. Importance of International Markets to Nokia Corporation In 2009, out of the total sales from the company Europe accounted for 36%, Chinas share was 16%, Middle East Africa 14%, North America 5%, Asia-Pacific 22% and Latin America 7%. As we can see from these numbers that about 59% of sales are coming from the developing world; for a company that began operations from Finland that is an important statistics since most of its revenues are coming from international markets especially from developing countries. The 10 markets from which Nokia generated the highest amounts of sales revenues are listed below in decreasing order; with the highest written first and lowest stated last: China, India, the UK, Germany, the United States, Russia, Indonesia, Spain, Brazil and Italy; when combined these markets provided 52% of the total sales in 2009. It is important to note here that China and India; the fastest growing economies in Asia are leaders for Nokia sales; secondly the list also contains growing markets such as Brazil and Russia. It is important to note here that because Nokias main sales driver is the mobile device market hence there are higher sales potential for Nokia in developing countries. This is because countries such as India and China are experiencing large demand for mobile phones due to the rapid growth and development of infrastructure especially network infrastructure. The rising levels of GDP per capita and income levels of people in the developing world are increasing their ability to purchase mobile phones therefore we could see that in the near future major growth would come from developing economies. Foreign Exchange exposures Faced by Nokia Nokia has businesses all over the world; this global presence means that assets and sales, liabilities and loans taken or completed in different parts of the world may be higher or lower in value when translated into the Euro or any home base currency. Because Nokia owns substantial assets in foreign markets therefore the company has to hedge and protect itself against the potential of currency adjustments in the negative direction. Nokias foreign exchange policy is developed by the treasury department of the company which looks after the interests of the company such that foreign exchange exposure is minimized and shareholder value is maximized. Under the policy; transactions which are considered of material value are hedged against foreign exchange exposures as long as the hedging tool is not uneconomical i.e. the hedging cost is lower or market liquidity is favorable. The company uses derivative financial instruments such as foreign exchange options and forward foreign exchange contracts to manage hedging and reduce the exposure. The group has a policy of not hedging 2-year or beyond forecasted foreign currency cash flows. New Product and Market development (cà ¢u c) Nokia operates in a highly drastic and technologically changing industry; on the consumer side the company also sees the acceptance and increasing demand for more sophisticated products therefore the company has to remain on its toes and come up with new products and services. The recent financial crisis which was coupled with economic downturn as well saw most industries and companies experiencing reduced profits or even losses. 2008 2007 2006 2005 2004 RD Expenditure, EUR(m) 5968 5647 3897 3825 3776 RD as % of net sales 11.8 11.1 9.5 11.2 12.9 If we look at the table above we see that for the period 2004-08 the average RD expenditure as a percentage of sales was around 11%. This explains how important the development of new products and markets are to companies like Nokia. RD expenditure dipped slightly during 2009 by about 1% compared with 2008 figures because of the decline in sales. The reduction in total revenues during the year 2009 was because the brunt of the crisis or the lowest point of the crisis was considered to be the third and fourth quarters of 2009. The major problem faced by Nokia mobile devices sales was the fact that as macroeconomic aggregates plummeted world wide; people were laid off, disposal incomes squeezed and purchasing power declined in some regions because of currency depreciation, all these factors led to the decrease in demand for Nokia phones. Despite these tough circumstances Nokia continued to expand product development and introduced new products in the mobile device markets, new systems and networks from Nokia Siemens Partnership and navigation phones under the NAVTEQ division. Capital Structure and Liabilities Management at Nokia The average basic number of shares during 2009 was 3.705 billion, 2008 was 3.743 billion and 2007 was 3.885 billion. The difference between diluted and basic average number of shares was negligible during all the three years stated above. About 1% of the shares were owned by Nokia Corporation during 2009. There was not much change in the capital structure during the three years apart from a buy-back and cancellation of shares that were owned by the company during 2008 and 2009 respectively. 2008 2007 2006 2005 2004 Net debt to equity % -14 -62 -69 -77 -78 Equity Ratio % 41.2 45.5 52.6 56.4 64.6 Return on Equity % 27.5 53.9 35.5 27.1 21.5 Interest-bearing liabilities, EUR (m)4 452 1 090 249 300 132 If we closely analyze the net debt to equity ratio for the 5 year period we see that initially in the years 04, 05 06 and even 07 the company had surplus assets over total debt. Though this situation drastically declined during 2008 as the credit crunch forced Nokia to borrow money and bridge the gap between its working capital. This factor eroded the asset base advantage the company was holding for the previous 4 years before 2008. Another important factor was that short-term borrowings rose substantially during 2008. Short-term borrowings increased from 714 million Euros in 2007 to 3,578 million Euros in 2008. The equity ratio represents the amount of assets represented or funded by the equity holders. From the table above we can see that the assets funded through equity has been on a declining run throughout the five year period. This also explains that as years have passed by liabilities have been increasing used as a way of financing assets. Many analysts believe that borrowing is a lesser expensive way of raising funds compared to equity as interest paid reduces effective tax rate; secondly creditors do not have a say in the way management runs the business; thirdly no dividends need to be paid out. On the other hand equity has its own advantages such as no finance costs; in case of bankruptcy the claim of common shareholders is last only after other creditors have been paid out. Overall companies are suggested to find an optimum equity and liability combination by working out the WACC at different levels. 2007 was considered one of the best years in Nokias history not only did the stock do well but the companys other major indicators were in green as well. For instance the return on equity was around 53% during 2007; that is a phenomenal return for shareholders from a company that competes in such a tough competitive environment. The return on equity declined significantly during 2008. As we see from the table that the value declined to 27.5% from 53.9% in 2007. This again explains the difficulty the company faced during 2008 in terms of low sales volumes, depressed prices and difficult financial conditions. Nokia Corporations shares are listed on the following stock markets: NASDAQ OMX, (Helsinki), Frankfurter, and New York Stock Exchange. The company delisted its Swedish Depository Receipts (SDRs) from the Stockholm Stock Exchange. The last day of trading of these SDRs was June 1, 2007. Raising capital and loans from foreign capital markets has a number of benefits and a few disadvantages as well. In terms of the benefits; firstly by listing stocks in a market such as NYSE a company like Nokia gave itself exposure to one of the most valuable and important stock markets in the world. New York is the financial capital of the worlds largest economy and having the ability to raise funds in such a market builds great reputation for a company apart from substantial capital. Similarly the SDR move into the Swedish Stock Market was a strong move as that would have strengthened the capital structure before the delisting. SDRs provide a substantial capital inflow in lieu of a stable and known cost of capital that gives the firms financial cost structure sustainability and consistency. In terms of the disadvantages economic activities in a foreign country might impact the shareholder value of the whole group. Though this cost is offset by the point that todays financial markets are so dependent on each other that market risks are almost similar in virtually all countries and their stock markets. The important thing here is that companies like Nokia must be aware of the trade cycles and the economic cycles of the world and individual markets and there relationship between each other because that will determine the impact of raising capital in foreign markets. Impact on Market Value as a Result of Strategies in Foreign Exchange Risk, Raising Capital and Moving into New Markets Technological firms generally have higher risk attached to their stock prices and market values therefore we expect them to do extremely well when the economy is booming and the company is able to come up with consistent and high quality products. The case of Nokia is no different the company has successfully established itself as one of the most reliable and advanced manufacturer of mobile devices. Steadily over the years Nokia has moved into new markets which have diversified the portfolio of the company hence spreading the risk over different but related markets. Nokias move to enter new markets has been a good way of diversifying business interests in the sense that the company has not only developed new products but it has also moved into new physical markets. Developing new products has its own advantages but moving into new geographical markets can benefit companies from the all important concept of economies of new scale. Going into new markets exposes the company to absolutely new customers hence increasing the total potential customer base of the company. Raising capital in foreign markets also impacts the market value of the company in a positive way. The company, by raising additional capital in new markets, not only increases its ability to spend money on acquisitions, development, and supply-chain but also gives credibility and higher standing to the companys share in the capital markets and makes the company a strong candidate for a better rating from agencies. The above graph is the stock price movement of Nokia stock, listed on NYSE, versus the SP 500 over a five year period. What is evident here is that consistently the Nokia stock has out performed the SP 500 for most of the time period under discussion. In percentage terms the stock has performed extremely well during the later half of 2007 up to mid 2008; even during the tough times of the late 2009 the stock did better than the overall SP index. The above graph is again representative of the fact that the companys stock performed better than most top company stocks during the boom period of 2007. Credit has to be given to the financial managers of the company since there prudent steps ensured a better than average EPS for the company and subsequently even better share price performance. Evaluation of the Firms Finance Managers In terms of hedging and controlling the foreign exchange risk I think the financial managers did a good job by employing a prudent policy of hedging all those cash inflows and outflows which were due within 2 years period. This is a prudent approach; secondly if we look at the table below we see that the company has remained profitable despite the financial and economic crisis that plagued the global markets for the past 2 and a half years. 2009 2008 2007 2006 2005 2004 Profit before tax, EUR (m) 962 4970 8268 5723 4971 4705 % of net sales 2.35 9.8 16.2 13.9 14.5 16 Dividends, EUR (m) 1482 1520 2111 1761 1641 1539 Profit attributable to quity holders of the parent 891 3988 7205 4306 3616 3192 EPS (basic) 0.24 1.07 1.85 NA NA NA We also see that the company gave dividends in all the last six years under discussion; this also shows consistency and the right mindset of financial managers who rightly understand the need to rollout dividends in order to ensure continuous investments from investors in the near future. The above graph shows that profitability peaked during the 2007 period and steadily declined thereafter this also shows the difficult financial and economic environment that was weathered by the corporate sectors of different economies. The impact of the crises were so great that profits before taxes almost decreased by 50% in 2008 from 2007 profits before taxes.

Economic Interdependence

Economic Interdependence and War: A Theory of Trade Expectations Author(s): Dale C. Copeland Source: International Security, Vol. 20, No. 4 (Spring, 1996), pp. 5-41 Published by: The MIT Press Stable URL: http://www. jstor. org/stable/2539041 Accessed: 12/10/2010 13:07 Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www. jstor. org/page/info/about/policies/terms. jsp.JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at http://www. jstor. org/action/showPublisher? publisherCode=mitpress.Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact [email  protected] org.The MIT Press is collaborating with JSTOR to digitize, preserve and extend access to International Security. http://www. jstor. org Economic DaleC. Copeland Interdependence and War A Theory of Trade Expectations Does economic inter- dependence increase or decrease the probability of war among states? With the Cold War over, this question is taking on importance as trade levels between established powers such as the United States and Russia and emerging powers such as Japan, China, and Western Europe grow to new heights.In this article, I provide a new dynamic theory to help overcome some of the theoretical and empirical problems with current liberal and realist views on the question. The prolonged debate between realists and liberals on the causes of war has been largely a debate about the relative salience of different causal variables. Realists stress such factors as relative power, while liberals focus on the absence or presence of collective security regimes and the pervasiveness of democratic communities. Economic interdependence is the only factor that plays an important causal role in the thinking of both camps, and their perspectives are diametrically opposed. Liberals argue that economic interdependence lowers the likelihood of war by increasing the value of trading over the alternative of aggression: interdependent states would rather trade than invade. As long as high levels of Dale C. Copelands AssistantProfessorn the Department f Governmentnd ForeignAffairsat the i i o a University f Virginia. oFor their helpful comments on previous drafts of this article, I w ould like to thank Robert Art, V. Natasha Copeland, Michael Desch, Angela Doll, John Duffield, Matthew Evangelista, Richard Falkenrath, James Fearon, Joseph Grieco, Atsushi Ishida, Irving Lachow, Alastair lain Johnston, Andrew Kydd, Jack Levy, Lisa Martin, Michael Mastanduno, John Mearsheimer, Andrew Moravcsik, John Owen, Paul Papayoanou, Stephen Rhoads, Gideon Rose, Richard Rosecrance, Len Schoppa, Herman Schwartz, Randall Schweller, Jitsuo Tsuchiyama, David Waldner, and Stephen Walt.This article also benefited from presentations at the Program on International Politics, Economics, and Security at the University of Chicago; the University of Virginia Department of Government's faculty workshop; the annual meeting of the American Political Science Association, Chicago, September 1995; the Olin security workshop at the Center for International Affairs, Harvard University; and the Center for Science and International Affairs, Harvard University (under whose auspices it was written). A ll errors remain mine. 1.For a summary of the causal variables in the two schools, see John J. Mearsheimer, â€Å"Back to the Future: Instability in Europe After the Cold War,†InternationalSecurity, Vol. 15, No. 1 (Summer 1990), pp. 5-56; Robert 0. Keohane, â€Å"International Liberalism Reconsidered,† in John Dunn, ed. , The EconomicLimits to ModernPolitics (Cambridge: Cambridge University Press, 1990), pp. 165-194. InternationalSecurity, Vol. 20, No. 4 (Spring 1996), pp. 5-41 ? 1996 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology InternationalSecurity 20:4 | 6 interdependence can be maintained, liberals assert, we have reason for optimism. Realists dismiss the liberal argument, arguing that high interdependence increases rather than decreases the probability of war. In anarchy, states must constantly worry about their security. Accordingly, interdependence-meaning mutual dependence and thus vulnerability-gives states an i ncentive to initiate war, if only to ensure continued access to necessary materials and goods.The unsatisfactory nature of both liberal and realist theories is shown by their difficulties in explaining the run-ups to the two World Wars. The period up to World War I exposes a glaring anomaly for liberal theory: the European powers had reached unprecedented levels of trade, yet that did not prevent them from going to war. Realists certainly have the correlation right-the war was preceded by high interdependence-but trade levels had been high for the previous thirty years; hence, even if interdependence was a necessary condition for the war, it was not sufficient.At first glance, the period from 1920 to 1940 seems to support liberalism over realism. In the 1920s, interdependence was high, and the world was essentially peaceful; in the 1930s, as entrenched protectionism caused interdependence to fall, international tension rose to the point of world war. Yet the two most aggressive stat es in the system during the 1930s, Germany and Japan, were also the most highly dependent despite their efforts towards autarchy, relying on other states, including other great powers, for critical raw materials.Realism thus seems correct in arguing that high dependence may lead to conflict, as states use war to ensure access to vital goods. Realism's problem with the interwar era, however, is that Germany and Japan had been even more dependent in the 1920s, yet they sought war only in the late 1930s when their dependence, although still significant, had fallen. The theory presented in this article-the theory of trade expectations-helps to resolve these problems.The theory starts by clarifying the notion of economic interdependence, fusing the liberal insight that the benefits of trade give states an incentive to avoid war with the realist view that the potential costs of being cut off can push states to war to secure vital goods. The total of the benefits and potential costs of tra de versus autarchy reveals the true level of dependence a state faces, for if trade is completely severed, the state not only loses the gains from trade but also suffers the costs of adjusting its economy to the new situation.Trade expectations theory introduces a new causal variable, the expectations of future trade, examining its impact on the overall expected value of the trading option if a state decides to forgo war. This supplements the static Economicnterdependence War| 7 and I consideration in liberalism and realism of the levels of interdependence at any point in time, with the importance of leaders' dynamic expectations into the future. Levels of interdependence and expectations of future trade, considered simultaneously, lead to new predictions.Interdependence can foster peace, as liberals argue, but this will only be so when states expect that trade levels will be high into the foreseeable future. If highly interdependent states expect that trade will be severely restric ted-that is, if their expectations for future trade are low-realists are likely to be right: the most highly dependent states will be the ones most likely to initiate war, for fear of losing the economic wealth that supports their long-term security. In short, high interdependence can be either peace-inducing or war-inducing, depending on the expectations of future trade.This dynamic perspective helps bridge the gaps within and between current approaches. Separating levels of interdependence from expectations of future trade indicates that states may be pushed into war even if current trade levels are high, if leaders have good reason to suspect that others will cut them off in the future. In such a situation, the expected value of trade will likely be negative, and hence the value of continued peace is also negative, making war an attractive alternative.This insight helps resolve the liberal problem with World War I: despite high trade levels in 1913-14, declining expectations for future trade pushed German leaders to attack, to ensure long-term access to markets and raw materials. Even when current trade is low or non-existent, positive expectations for future trade will produce a positive expected value for trade, and therefore an incentive for continued peace. This helps explain the two main periods of detente between the Cold War superpowers, from 1971 to 1973 and in the late 1980s: positive signs from U. S. eaders that trade would soon be significantly increased coaxed the Soviets into a more cooperative relationship, reducing the probability of war. But in situations of low trade where there is no prospect that high trade levels will be restored in the future, highly dependent states may be pushed into conflict. This was the German and Japanese dilemma before World War II. The article is divided into three sections. The first section reviews liberal and realist theories on the relationship between economic interdependence and the probability of war, and provides a critique of both theories.The second section lays out trade expectations theory The final section examines the diplomatic historical evidence for the new theory against two significant cases: Germany Internationalecurity20:4 | 8 S before World War I and Germany before World War II. The evidence indicates that the new variable, expectations of future trade, helps resolve the anomalies for current theories: in both cases, negative expectations for future trade, combined with high dependence, led leaders into total war out of fear for their long-term economic position and therefore security.TheLiberal nd RealistDebateon Economic nterdependence a I War and The core liberal position is straightforward. 2 Trade provides valuable benefits, or â€Å"gains from trade,† to any particular state. A dependent state should therefore seek to avoid war, since peaceful trading gives it all the benefits of close ties without any of the costs and risks of war. Trade pays more than w ar, so dependent states should prefer to trade not invade. This argument is often supported by the auxiliary proposition that modern technology greatly increases the costs and risks of aggression, making the trading option even more rational.The argument was first made popular in the 1850s by Richard Cobden, who asserted that free trade â€Å"unites† states, â€Å"making each equally anxious for the prosperity and happiness of both. â€Å"3 This view was restated in The GreatIllusion by Norman Angell just prior to World War I and again in 1933. Angell saw states having to choose between new ways of thinking, namely peaceful trade, and the â€Å"old method† of power politics. Even if war was once profitable, modernization now makes it impossible to â€Å"enrich† oneself through force; indeed, by destroying trading bonds, war is â€Å"commercially suicidal. 4 Why do wars nevertheless occur? While the start of World War I just after The GreatIllusion's initial p ublication might seem to refute his thesis, Angell in 2. Four other subsidiary liberal arguments, employing intervening variables, are not sufficiently compelling to discuss here. The first suggests that high trade levels promote domestic prosperity, thereby lessening the internal problems that push leaders into war. The second argues that interdependence helps to foster increased understanding between peoples, which reduces the misunderstandings that lead to war.The third asserts that trade alters the domestic structure of states, heightening the influence of groups with a vested interest in peaceful trade. The final argument contends that trade has the â€Å"spill-over† effect of increasing political ties between trading partners, thus improving the prospects for long-term cooperation. For an critical analysis of these views, see Dale Copeland, â€Å"Economic Interdependence and the Outbreak of War,†paper presented to University of Virginia Department of Government's faculty workshop, March 1995. 3. Richard Cobden, The Political Writings of Richard Cobden (London: T.Fischer Unwin, 1903), p. 225. 4. Norman Angell, The GreatIllusion, 2d ed. (New York: G. P Putnam's Sons, 1933), pp. 33, 59-60, 87-89. Economicnterdependence WarI 9 I and the 1933 edition argued that the debacle simply confirmed the unprofitability of modern wars. He thus upheld the common liberal view that wars, especially major wars, result from the misperceptions of leaders caught up in the outmoded belief that war still pays. Accordingly, his is â€Å"not a plea for the impossibility of war †¦ but for its futility,† since â€Å"our ignorance on this matter makes war not only possible, but extremely likely. 5 In short, if leaders fail to see how unprofitable war is compared to the benefits of trade, they may still erroneously choose the former. Richard Rosecrance provides the most extensive update of the CobdenAngell thesis to the nuclear era. States must choose betwe en being â€Å"trading states,† concerned with promoting wealth through commerce, and â€Å"territorial states,† obsessed with military expansion. Modern conditions push states towards a predominantly trading mode: wars are not only too costly, but with the peaceful trading option, â€Å"the benefits that one nation gains from trade can also be realized by others. When the system is highly interdependent, therefore, the â€Å"incentive to wage war is absent,† since â€Å"trading states recognize that they can do better through internal economic development sustained by a worldwide market for their goods and services than by trying to conquer and assimilate large tracts of land. â€Å"6 Rosecrance thus neatly summarizes the liberal view that high interdependence fosters peace by making trading more profitable than invading. 7 5. Ibid. , pp. 59-62, 256. i S a 6. RichardRosecrance,TheRise of the Trading tate:Commercend Conquestn the ModernWorld (New York: Basic Books, 1986), pp. 3-14; 24-25 (emphasis added); see also Rosecrance, â€Å"War, a Trade and Interdependence,† in James N. Rosenau and Hylke Tromp, eds. , Interdependence nd Conflict in WorldPolitics (Aldershot, U. K. : Avebury, 1989), pp. 48-57; Rosecrance, â€Å"A New Concert of Powers,† Foreign Affairs, Vol. 71, No. 2 (Spring 1992), pp. 64-82. 7. A book often seen as a statement on the peace-inducing effects of interdependence-Robert 0. Keohane and Joseph S. Nye, Power and Interdependence(Boston: Little, Brown, 1977)-actually contains no such causal argument. For Keohane and Nye, â€Å"complex interdependence† is more peaceful by definition: it is a valuable concept for analyzing the political process† only when military force is â€Å"unthinkable† (pp. 29, 24). In the second edition: â€Å"since we define complex interdependence in terms of [policy] goals and instruments,† arguments â€Å"about how goals and instruments are affected by th e degree to which a situation approximates complex interdependence or realism will be tautological. † Thus, â€Å"we are left essentially with two dependent variables: changes in agendas and changes in the roles of international organizations. † Keohane and Nye, Power and Interdependence, d ed. (Glenview, Ill. Scott, Foresman, 1989), p. 255; emphasis in original. 2 The dependent variable of this article-the likelihood of war-is nowhere to be found, which is not surprising, since it is assumed away. Other works on interdependence from the 1970s, which largely examined dependent variables other than war, are discussed in Copeland, â€Å"Economic Interdependence and the Outbreak of War. † InternationalSecurity 20:4 | 10 Realists turn the liberal argument on its head, arguing that economic interdependence not only fails to promote peace, but in fact heightens the likelihood of war. States concerned about security will dislike dependence, since it means that crucial i mported goods could be cut off during a crisis. This problem is particularly acute for imports like oil and raw materials; while they may be only a small percentage of the total import bill, without them most modern economies would collapse. Consequently, states dependent on others for vital goods have an increased incentive to go to war to assure themselves of continued access of supply. Neorealist Kenneth Waltz puts the argument as follows: actors within a domestic polity have little reason to fear the dependence that goes with specialization.The anarchic structure of international politics, however, makes states worry about their vulnerability, thus compelling them â€Å"to control what they depend on or to lessen the extent of their dependency. † For Waltz, it is this â€Å"simple thought† that explains, among other things, â€Å"their imperial thrusts to widen the scope of their control. â€Å"9 For John Mearsheimer, nations that â€Å"depend on others for crit ical economic supplies will fear cutoff or blackmail in time of crisis or war. † Consequently, â€Å"they may try to extend political control to the source of supply, giving rise to conflict with the source or with its other customers. Interdependence, therefore, â€Å"will probably lead to greater security competition. â€Å"10 8. One might contend that realists doubt the causal importance of economic interdependence, since relative gains concerns convince great powers to avoid becoming dependent in the first place. Aside from arguments showing why states may cooperate despite concerns for relative gains (see essays by Powell, Snidal, and Keohane in David A. Baldwin, ed. , Neorealismand Neoliberalism:The Contemporary ebate [New York: Columbia University Press, 1993]; Dale Copeland, â€Å"Why Relative DGains Concerns May Promote Economic Cooperation: A Realist Explanation for Great Power Interdependence,† presented at the annual meeting of the International Studies A ssociation, San Diego, April 1996), the argument is empirically false. Periods of high interdependence have arisen even when the security competition between great powers was particularly intense, such as from 1880 to 1914, as Waltz acknowledges. Kenneth Waltz, â€Å"The Myth of Interdependence,† in Ray Maghoori and Bennett Ramberg, Globalism versus Realism (Boulder, Colo. : Westview Press, 1982), p. 83.Since the reality of high interdependence cannot be argued or assumed away, I focus here on the core realist claim that whenever high levels of interdependence are reached, for whatever reason, war is more likely. 9. Kenneth Waltz, Theory of InternationalPolitics (New York: Random House, 1979), p. 106. 10. John J. Mearsheimer, â€Å"Disorder Restored,† in Graham Allison and Gregory F Treverton, eds. , Rethinking America's Security (New York: W. W. Norton, 1992), p. 223; Mearsheimer, â€Å"Back to the Future,† p. 45. See also Robert Gilpin, â€Å"Economic Interde pendence and National Security in Historical Perspective,† in Klaus Knorr and Frank N.Trager, eds. , Economic Issues and National Security (Lawrence, Kan. : Allen, 1977), p. 29. Adopting the realist argument, but emphasizing how dependence leads states to adopt destabilizing offensive strategies, is Anne Uchitel, â€Å"Interdepend- Economicnterdependence War| 11 and I This modern realist understanding of economic interdependence and war finds its roots in mercantilist writings dating from the seventeenth century Mercantilists saw states as locked in a competition for relative power and for the wealth that underpins that power. For mercantilists, imperial expansionthe acquisition of colonies-is driven by the state's need to secure greater control over sources of supply and markets for its goods, and to build relative power in the process. By allowing the metropole and the colonies to specialize in production and trade of complementary products (particularly manufactured goods for raw materials), while ensuring political control over the process, colonies â€Å"opened up the possibility of providing a system of supply within a self-contained empire. â€Å"‘2 In this, we see the underpinning for the neorealist view that interdependence leads to war.Mercantilist imperialism represents a reaction to a state's dependence; states reduce their fears of external specialization by increasing internal specialization within a now larger political realm. The imperial state as it expands thus acquires more and more of the characteristics of Waltz's domestic polity, with its hierarchy of specialized functions secure from the unpredictable policies of others. In sum, realists seek to emphasize one main point: political concerns driven by anarchy must be injected into the liberal calculus.Since states must be primarily concerned with security and therefore with control over resources and markets, one must discount the liberal optimism that great trading partners will always continue to be great trading partners simply because both states benefit absolutely. Accordingly, a state vulnerable to another's policies because of dependence will tend to use force to overcome that vulnerability. ence and Instability,† in Jack Snyder and Robert Jervis, eds. , Coping with Complexityin the International System (Boulder, Colo. : Westview Press, 1993), pp. 43-264. For Barry Buzan, since liberal free-trading systems are dependent on a hegemon which invariably declines, such systems are destined to fall into â€Å"malevolent† mercantilist practices, as states scramble to control access to goods formerly safeguarded by the hegemon. Avoiding the liberal system altogether, through a â€Å"benign† mercantilist system of self-sufficient trading blocs, will be therefore preferred. Buzan, â€Å"Economic Structure and International Security: The Limits of the Liberal Case,† International Organization, Vol. 8, No. 4 (Autumn 1984), esp. pp . 597, 609-623. For a similar argument, see Robert Gilpin, U. S. Power and the Multinational Corporation(New York: Basic Books), 1975, p. 259. 11. See Eli F Heckscher, Mercantilism, vol. 2, trans. Mendel Shapiro (London: George Allen, 1931), p. 15; Jacob Viner, â€Å"Power Versus Plenty as Objectives of Foreign Policy in the Seventeenth and Eighteenth Centuries,† World Politics, Vol. 1, No. 1 (October 1948), p. 10; David A. Baldwin, Economic Statecraft(Princeton, N. J. : Princeton University Press, 1985), chap. . 12. Heckscher, Mercantilism, vol. 2, p. 40. InternationalSecurity 20:4 | 12 A COMPARISON OF THE LIBERAL AND REALIST PERSPECTIVES While the liberal and the realist arguments display critical differences, they possess one important similarity: the causal logic of both perspectives is founded on an individual state's decision-making process. That is, while the two camps freely use the term â€Å"interdependence,† both derive predictions from with their own specif ic how particular decision-making units-states-deal dependence.This allows both theories to handle situations of â€Å"asymmetric interdependence,† where one state in a dyad is more dependent than the other. Their predictions are internally consistent, but opposed: liberals argue that the more dependent state is less likely to initiate conflict, since it has more to lose from breaking economic ties;13 realists maintain that this state is more likely to initiate conflict, to escape its vulnerability. The main difference between liberals and realists has to do with their emphasis on the benefits versus the costs of interdependence.The realist argument highlights an aspect that is severely downplayed in the liberal argument, namely, consideration of the potential costs from the severing of a trading relationship. Most liberals, if pressed, would probably accept David Baldwin's conceptualization of dependence as the opportunity costs a state would experience should trade end. Yet Baldwin's opportunity costs are only the loss of the benefits from trade received after a state moves from autarchy. 14 It is this understanding of opportunity costs that is followed in the most comprehensive liberal argument for interdependence and peace, that of Rosecrance.There is little sense in Rosecrance's work that a state's decision to specialize and thus to restructure its economy radically can entail huge â€Å"costs of adjustment† should trade be later severed, nor that such costs can actually put the state in a far worse position than if it had never moved from autarchy in the first place. 15 This is the concern of realists when they talk about dependence on 13. See Keohane and Nye, â€Å"World Politics and the International Economic System,† in C. Fred Bergsten, ed. , The Future of the InternationalEconomicOrder (Lexington: D. C.Heath, 1973), pp. 121122; Neil R. Richardson and Charles W. Kegley, â€Å"Trade Dependence and Foreign Policy Compliance,† International Studies Quarterly,Vol. 24, No. 2 (June 1980), pp. 191-222. 14. David A. Baldwin, â€Å"Interdependence and Power: A Conceptual Analysis,† International Organization, Vol. 34, No. 4 (Autumn 1980), pp. 478, 482-484, 489; Baldwin, â€Å"The Power of Positive Sanctions,† WorldPolitics, Vol. 24, No. 1 (October 1971), pp. 19-38; Albert 0. Hirschman, National Power and the Structure of Foreign Trade,exp. ed. (Berkeley: University of California Press, 1980), chap. . 15. On the costs of adjustment, see Ruth Arad, Seev Hirsch, and Alfred Tovias, The Economicsof Peacemaking(New York: St. Martin's Press, 1983), pp. 26-34. Keohane and Nye examine the â€Å"costs of adjusting† as an integral part of â€Å"vulnerability† interdependence (Power and Interdependence, p. 13). Yet they do not establish the original autarchic position as a baseline for examining these costs independently from the benefits of trade forgone; this baseline is incorporated later i n EconomicInterdependence nd War | 13 a â€Å"vital goods† such as oil.A state that chooses not to buy oil from outsiders forgoes certain benefits of trade, but by operating on domestic energy sources, it avoids the heavy penalty experienced by a state that does base its industrial structure on imported oil, only to find itself cut off from supplies. That Rosecrance minimizes this realist concern is evident. In an explicit effort to refute Waltz's definition of interdependence as â€Å"a trading link which ‘is costly to break',† Rosecrance contends that â€Å"to measure interdependence in this way misses the essence of the concept. His subsequent discussion emphasizes only the benefits that states give up if they choose not to trade (his â€Å"opportunity costs†), and makes no mention of any potentially severe costs of adjustment. In fact, he argues that dependence on such things as foreign sources of energy is really no different than relying on outsider s for â€Å"fashions† or different makes of cars; if trade is cut off, a state loses only â€Å"consumer choice. † Recognition that the whole industrial structure of a state might be undermined or destroyed by an adversary's severing of vital trade is absent. 6 Rosecrance is reluctant to acknowledge realist concerns, perhaps because to do so would imply that dependent states might be more willing to go to war, as realists maintain, while Rosecrance is arguing that they are less willing to do so. 17 This points to a critical distinction between liberalism and realism that illuminates the liberal understanding of why wars ultimately occur. For liberals, interdependence does not have a downside that might push states into war, as realists contend. Rather, interdependence is seen to operate as a restraint on aggressive tendencies arising from the domestic or individual levels.If interdependence becomes low, this restraint is taken away, allowing the aggressive tendencies t o dominate. To borrow a metaphor from Plato: for liberals, inter- building the new theory. Liberals also consider â€Å"costs† in terms of losses in â€Å"autonomy† due to trade ties; see Richard N. Cooper, The Economicsof Interdependence New York:McGraw Hill, 1968), ( pp. 4-12; Rosecrance, Rise of the TradingState, pp. 39-41, 235. Note, however, that these are costs that go hand in hand with high trade, not costs that are experienced if trade is cut off.Hence, these losses in autonomy are more accurately considered as a form of sensitivity interdependencecosts incurred when trade is ongoing-rather than as a form of â€Å"vulnerability† interdependence so worrying to realists. On this, see Keohane and Nye, â€Å"International Interdependence and Integration,† in Fred I. Greenstein and Nelson W. Polsby, eds. , Handbook of Political Science, vol. 8 (Reading, Mass. : Addison-Wesley, 1975), pp. 368-370. 16. Rosecrance, Rise of the Trading State, pp. 144-145. In the appendix, an iterated prisoner's dilemma is used to show the â€Å"concrete benefits† from trade cooperation.If states decide not to cooperate, they simply â€Å"[do] not benefit†; pp. 233-236. 17. Rosecrance occasionally seems to accept that some goods are more vital than others, but even here he reiterates the liberal argument: â€Å"Countries dependent on the world economy for markets, assistance, and critical raw materials are doubly hesitant to embark on military adventures†; ibid. , p. 133, emphasis added. InternationalSecurity 20:4 | 14 dependence operates like the reins on the dark horse of inner passions; it provides a material incentive to stay at peace, even when there are internal predispositions towards aggression.Remove the reins, however, and these passions are free to roam as they will. 18 This point becomes clearer as one examines Rosecrance's explanations for the two World Wars. World War II, for Rosecrance, was ultimately domestically d riven. The main aggressors saw war as a means to cope with the upheavals flowing from â€Å"social discontent and chaos† and the â€Å"danger of left-wing revolutions†; given these upheavals, it is â€Å"not surprising that the territorial and military-political system [i. e. , war] emerged as an acceptable alternative to more than one state. Connecting the Second World War to causes arising from the unit level in the First World War,he continues: â€Å"If Germany, Italy, and Japan did not fulfill their territorial ambitions at the end of World War I, they might develop even more nationalistic and solidaristic regimes and try again. â€Å"19With trade and therefore interdependence at low levels in the 1930s, â€Å"economics offered no alternative possibility†; it failed to provide what he later refers to as a â€Å"mitigat[ing]† or â€Å"restraining† influence on unit-level motives for war. 0 World War I is a problematic case for Rosecrance, as it was for Angell, since the great powers went to war even though trade levels were still high. Like Angell, Rosecrance's main defense of liberalism is that leaders simply did not see how beneficial interdependence was, and how costly war would be. Due to outmoded ideas and unit-level pathologies, they misperceived the situation; hence, interdependence could not operate as it should, as a restraint on aggression. He talks about leaders' obsession with â€Å"nationalist ambitions† and â€Å"balance of power politics. He suggests that â€Å"no pre-1914 statesman or financier was fully aware of the damage that war would do to the European body economic† because of the irrational belief that â€Å"[war] would be over very 18. See Plato's Phaedrus in Phaedrus and Letters VII and VIII, trans. Walter Hamilton (Harmondsworth: Penguin, 1973), sections 246-256. The historical roots of this view are explicated in f b i P Albert 0. Hirschman,The Passionsand the Interests: olitic alArgumentsor Capitalism efore ts Triumph(Princeton: Princeton University Press, 1977).He quotes Montesquieu (ibid. , p. 73): â€Å"It is fortunate for men to be in a situation in which, though their passions may prompt them to be wicked, they have nevertheless an interest in not being so. † 19. Rosecrance, Rise of the TradingState, pp. 102-103 (see also p. 111). Rosecrance does point out that Germany and Japan apparently went to war also to gain raw materials (ibid. , p. 108). He does not argue, however, that these two states were more dependent than other states for such materials; to have done so would suggest the validity of the realist logic. 0. See ibid. , pp. 106, 123, 150, 162. EconomicInterdependence nd War | 15 a quickly. â€Å"21At one point, he even seems to cast doubt on the efficacy of interdependence as a restraint on aggression: One should not place too much emphasis upon the existence of interdependence per se. European nations in 1913 relied upon the trade and investment that flowed between them; that did not prevent the political crisis which led to †¦ World War I. Interdependence only constrains national policy if leaders accept and agree to work within its limits. 22It thus appears that Rosecrance cannot really envision interdependence as being anything but a â€Å"constraint† or â€Å"restraint† on unit-level tendencies to aggress. This view is consistent with the general liberal perspective that all wars are ultimately driven by unit-level phenomena such as misperceptions, authoritarianism, ideology, and internal social conflict. Rosecrance's historical understanding of the World War II, for example, would fit nicely with the â€Å"democratic peace† literature: had all the states in 1939 been democratic, war would probably ot have occurred despite the disrupted global economic situation, but since some states were not democratic, their aggressive domestic forces became unfettered once interdependence had declined. The idea that economic factors by themselves can push states to aggress-an argument consistent with neorealism and the alternative theory I will present below-is outside the realm of liberal thought, since it would imply that purely systemic forces can be responsible for war, largely regardless of unit-level phenomena. 3 While liberal theory certainly downplays the realist concern for the potential costs of severed trade, it is also clear that realists slight the positive role the benefits of trade can have on a state's choice between peace and war. In the next section, I bring together the liberal emphasis on benefits with the realist emphasis on costs to create a framework for understanding the true level of dependence a state faces. This section also seeks to correct the most significant 21. See ibid. , pp. 18-19, 88, 96-97, 99, 150. 22. Ibid. , p. 141 (see also p. 150).The argument here borders on being non-falsifiable: disconfirming cases where war occurs despite hig h interdependence can be sidestepped by saying simply that states did not â€Å"accept† being peaceful traders. Note as well that if states have already decided to be peaceful, then interdependence is not needed as a restraint. 23. On liberalism's inherently unit-level orientation to conflict, see Andrew Moravcsik, â€Å"Liberalism and International Relations Theory,† Working Paper, Center for International Affairs, Harvard University, 1992; Michael Howard, War and the LiberalConscience (New Brunswick: Rutgers University Press, 1978).On the democratic peace argument, see Bruce Russett, Grasping the Democratic Peace (Princeton: Princeton University Press, 1993). InternationalSecurity 20:4 | 16 error in both liberal and realist theories, namely, their lack of theoretical attention to the dynamics of state expectations for the future. o Trade r Invade? A Theory f Trade xpectations E o This section introduces the theory of trade expectations.This theory extends liberal and realist views regarding interdependence and war, by synthesizing their strengths while formulating a dynamic perspective on state decision-making that is at best only implicit in current approaches. The strength of liberalism lies in its consideration of how the benefits or gains from trade give states a material incentive to avoid war, even when they have unit-level predispositions to favor it. The strength of realism is its recognition that states may be vulnerable to the potential costs of being cut off from trade on which they depend for wealth and ultimately security.Current theories, however, lack a way to fuse the benefits of trade and the costs of severed trade into one theoretical framework. More significantly, these theories lack an understanding of how rational decision-makers incorporate the future trading environment into their choice between peace and war. Both liberalism and realism often refer to the future trading environment, particularly in empirical analyses. Bu t in constructing a theoretical logic, the two camps consider the future only within their own ideological presuppositions.Liberals, assuming that states seek to maximize absolute welfare, maintain that situations of high trade should continue into the foreseeable future as long as states are rational; such actors have no reason to forsake the benefits from trade, especially if defection from the trading arrangement will only lead to retaliation. 24 Given this presupposition, liberals can argue that interdependence-as reflected in high trade at any particular moment in time-will foster peace, given the benefits of trade over war.Realists, assuming states seek to maximize security, argue that concerns for relative power and autonomy will eventually push some states to sever trade ties (at least in the absence of a hegemon). Hence, realists can insist that interdependence, again manifest as high trade at any moment in time, drives dependent states to initiate war now to escape potenti al vulnerability later. For the purposes of forging strong theories, however, trading patterns cannot be simply assumed a priori to match the stipulations of either liberalism or of realism.Trade levels fluctuate significantly over time, both for the system as a 24. See Rosecrance, Rise of the TradingState, appendix. EconomicInterdependence nd War | 17 a whole and particularly between specific trading partners, as the last two centuries demonstrate. Accordingly, we need a theory that incorporates how a state's expectations of its trading environment-either optimistic or pessimistic-affect its decision-calculus for war or peace. This is where the new theory makes its most significant departure.Liberalism and realism are theories of â€Å"comparative statics,† drawing predictions from a snapshot of the level of interdependence at a single point in time. The new theory, on the other hand, is dynamic in its internal structure: it provides a new variable, the â€Å"expectations o f future trade,† that incorporates in the theoretical logic an actor's sense of the future trends and possibilities. 25 This variable is essential to any leader's determination not just of the immediate value of peace versus war at a particular moment in time, but of the overall expected value of peace and war over the foreseeable future.From consideration of the expectations-of-future-trade variable along with a state's level of dependence, one can derive a consistent deductive theory of state decision-making showing the conditions under which high interdependence will lead to peace or to war. High interdependence can be peace-inducing, as liberals maintain, as long as states expect future trade levels to be high in the future: positive expectations for future trade will lead dependent states to assign a high expected value to a continuation of peaceful trade, making war the less appealing option.If, however, a highly dependent state expects future trade to be low due to the policy decisions of the other side, then realists are likely to be correct: the state will attach a low or even negative expected value to continued peace without trade, making war an attractive alternative if its expected value is greater than peace. Moreover, since a negative expected value of trade implies a long-term decline in power, even if war is not profitable per se, it may be chosen as the lesser of two evils. 26 5. On the differences between comparative statics and dynamic analyses that incorporate the future, see Eugene Silberberg, The Structure of Economics, 2d ed. (New York: McGraw-Hill, 1990), chaps. 1, 12, and 18. 26. That is, war is rational if it has either a higher net positive value or a lower net negative value. The theory thus works regardless of whether states are innately â€Å"greedy†-seeking positive gains from war-or simply security-seekers desiring to minimize long-term threats. See Charles L.Glaser, â€Å"Political Consequences of Military Strate gy: Expanding and Refining the Spiral and Deterrence Models,† WorldPolitics, Vol. 44, No. 4 (July 1992), pp. 497-538. By connecting the trading environment to fears about relative decline, I draw upon the notion that declining states launch preventive wars to uphold their waning security. Elsewhere, I build a solely power-driven theory showing why states faced with deep and inevitable decline initiate major wars. Dale Copeland, â€Å"Neorealism and the Myth of Bipolar Stability: Toward a New Dynamic Realist Theory of Major War,† Security Studies, Vol. , No. 3 (Spring 1996). S 2 International ecurity 0:4 | 18 The deductive logic of the alternative theory, as with liberalism and realism, centers on an individual state's efforts to manage its own situation of dependence. Consider a two-actor scenario, where one state â€Å"A† may trade with another state â€Å"B. † If state A moves away from the initial position of autarchy to begin trading, and trade is free and open, it will expect to receive the benefits of trade stressed by liberals, namely, the incremental increase in A's total welfare due to trade. 7 Note that a state can still be aware of the â€Å"benefits of trade† even if present trade is non-existent, since they represent the potential gains from trade that would accrue to the state should trade levels become high in the future. 28It is a state's ability to foresee future potential benefits that allows it to attach a high expected value to the peaceful trading option even when current trade levels are low (as long as it expects current restrictions to be relaxed). When a state trades, it specializes in and exports goods in which it enjoys a comparative advantage, while forgoing the production of other goods, which it then imports.This process of specialization, however, entails potentially large costs of adjustment if trade is subsequently cut off. This is especially so in the modern world if the state becomes dependen t on foreign oil and certain raw materials. With the economy's capital infrastructure (machines, factories, transportation systems, etc. ) geared to function only with such vital goods, a severing of trade would impose huge costs as the economy struggles to cope with the new no-trade situation. 29 In short, the severing of trade, as realists would argue, would put the state in a situation far worse than if it had never specialized in the first place.This analysis leads to a clearer understanding of any particular state's total level of â€Å"dependence. † On a bilateral basis, that level is represented by the sum of the benefits that the state would receive from free and open trade with another state (versus autarchy), and the costs to the state of being cut off from that trade after having specialized (versus autarchy). If state A started with an economy of 100 units of GNP before any trade with B (the autarchic position), and open trade with B would mean economic expansion to a level of 110 units of GNP on an ongoing basis, then the â€Å"benefits of trade† could be considered as 10 units.If the specialization that trade entails, however, would mean the 27. This is consistent with standard trade theory. See Richard E. Caves and Ronald W. Jones, World Tradeand Payments, 4th ed. (Boston: Little Brown, 1985), chaps. 3-4. 28. I thank Andrew Moravcsik for discussions on the potential benefits of trade. 29. The capital investments represent â€Å"sunk costs† not easily recouped. See Arad, Hirsch, and Tovias, The Economicsof Peacemaking,pp. 26-28. EconomicInterdependence nd War I 19 a conomy would fall to 85 units should B sever trade ties, then the â€Å"costs of severed trade† would be 15 units versus autarchy. State A's total dependence level would thus be the benefits of trade plus the costs of severed trade after specialization, or 25 units. The dependence level will itself be a function of such parameters as the overall compatibili ties of the two economies for trade, the degree of A's need for vital goods such as oil and raw materials, and the availability of alternative suppliers and markets.Thus if A's need for trade with B is great because the economies are highly compatible (say, in terms of mutual comparative advantages), B has valuable natural resources that A lacks, and A has few other countries to turn to, then A's dependence can be considered high. 30 In deciding between peace and war, however, a state can not refer simply to its dependence level. Rather, it must determine the overall expected value of trade and therefore the value of continued peace into the foreseeable future.The benefits of trade and the costs of severed trade on their own say nothing about this expected value. Dynamic expectations of future trade must be brought in. If the state has positive expectations that the other will maintain free and open trade over the long term, then the expected value of trade will be close to the valu e of the benefits of trade. On the other hand, if the state, after having specialized, comes to expect that trade will be severed by the trading partner, then the expected value of trade may be highly negative, that is, close to the value of the costs of severed trade.In essence, the expected value of trade may be anywhere between the two extremes, depending on a state's estimate of the expected probability of securing open trade, or of being cut off. 31 This leads to a crucial hypothesis. For any given expected value of war, we can predict that the lower the expectations of future trade, the lower the 30. On the importance of altematives, see Baldwin, â€Å"Interdependence and Power,† p. 482; Keohane and Nye, Power and Interdependence, . 13. It is worth remembering that alternative suppliers p nd markets are only valuable in reducing A's dependence if A can get access to them. If B is able not only to sever bilateral trade, but also to blockade A to prevent third-party tradi ng, then A effectively has no alternatives and is therefore dependent. This was the situation for Japan vis-a-vis the United States before 1941 regarding oil imports. 31. This line of reasoning is developed formally in Dale Copeland, â€Å"Modelling Economic Interdependence and War: A Theory of Trade Expectations,† paper presented at the annual meeting of the American Political Science Association, Chicago, September 1995.It is consistent with consideration of the â€Å"probability of transaction† as a determinant of expected national income in Arad, Hirsch, and Tovias, The Economicof Peacemaking,pp. 37-43, although they do not employ expectations of future trade as a theoretical variable affecting the likelihood of war. InternationalSecurity 20:4 | 20 expected value of trade, and therefore the more likely it is that war will be chosen. It is important to note that the expected value of trade will not be based on the level of trade at a particular moment in time, but u pon the stream of expected trade levels into the future.It really does not matter that trade is high today: if state A knows that B will cut all trade tomorrow and shows no signs of being willing to restore it later, the expected value of trade would be negative. Similarly, it does not matter if there is little or no trade at present: if state A is confident that B is committed to freer trade in the future, the expected value of trade would be positive. The fact that the expected value of trade can be negative even if present trade is high, due to low expectations for future trade, goes a long way towards resolving such manifest anomalies for liberal theory as German aggression in World War I.Despite high levels of trade up to 1914, German leaders had good reason to believe that the other great powers would undermine this trade into the future; hence, a war to secure control over raw materials and markets was required for the long-term security of the German nation. Since the expect ed value of trade can be positive even though present trade is low, due to high expectations for future trade, we can also understand such phenomena as the periods of detente in U. S. -Soviet relations during the Cold War (1971-73 and after 1985).While East-West trade was still relatively low during these times, the Soviet need for Western technology, combined with a growing belief that large increases in trade with the West would be forthcoming, gave the Soviets a high enough expected value of trade to convince them to be more accommodating in superpower relations. 32 In making the final decision between peace and war, however, a rational state will have to compare the expected value of trade to the expected value of going to war with the other state. The expected value of war, as a realist would emphasize, cannot be ascertained without considering the relative power balance.As one state moves from a position of relative inferiority in economic and military power to relative superi ority, the expected value of war will move from negative to positive or even highly positive. This proposition follows directly from the insights of deterrence theory: the larger the state in relative size, the higher the probability of winning a victory, while the lower the costs of fighting the war. 33 32. The U. S. -Soviet Cold War case is covered in Copeland, â€Å"Modelling Economic Interdependence and War. † 33. See Alexander L.George and Richard Smoke, Deterrencein AmericanForeign Policy: Theoryand Practice (New York: Columbia University Press, 1974), chaps. 2-3. a EconomicInterdependence nd War | 21 Hence, if victory entails occupying the other state and absorbing its economy, war can take on a very positive expected value when a large power attacks a small state. 34 For example, if Iraq had been allowed to hold on to Kuwait after its August 1990 invasion, war for Iraq would certainly have â€Å"paid. † Similarly, Czechoslovakia was an easy and attractive targe t for Germany by 1938-39, as were the other smaller states of Europe, nd evidence suggests that war against these nations was indeed profitable for the Nazis. 35 On the other hand, war between more equal great powers is likely to have a much lower or even negative expected value. The Spartan leadership took Sparta into war against Athens in 431 BC, for example, under no illusions that war would be a profitable venture. 36 While the Athenian economy presented a large prize should victory be attained, war with a near-equal adversary could be expected to be very costly, with a low likelihood of victory.Where we would anticipate a low or negative expected value to the option of war, the expectations-of-future-trade variable should have a determinant effect on the likelihood of war. If state A has positive expectations for future trade with B, and A and B are roughly equal in relative power, then state A will assign a high expected value to continued peaceful trade, will compare this to the low or negative expected value for invasion, and will choose peace as the rational strategy.The higher A's dependence and the higher the expectations for future trade, the higher the expected value for peaceful trade, and therefore the more likely A is to avoid war. But if state A is dependent and has negative expectations for future trade with B, then the expected value of trade will be very low or negative. If the expected value for trade is lower than the expected value for invasion, war becomes the rational choice, and this is so even when the expected value of invasion is itself negative: war becomes the lesser of two evils. 7 34. This is developed formally in Copeland, â€Å"Modelling Economic Interdependence and War. † 35. See Peter Liberman, â€Å"Does Conquest Pay? The Exploitation of Occupied Industrial Economies† (Ph. D. diss. , Massachusetts Institute of Technology, 1991). 36. Thucydides, The Peloponnesian War,trans. Rex Warner (Harmondsworth: Penguin, 1954), Book 1, lines 80-88. 37. When one state is very large and the other very small, it is harder to sort out the effects of interdependence from the effects of relative power, at least in actual cases of war.The expected value of war for the superior state is likely to be quite positive anyway, and thus will tend to overshadow the expected value of trade even when the state has positive expectations of future trade. Here, the superior state simply chooses war as the â€Å"greater of two goods. † This choice would not be altered by any diminution of trade expectations; indeed, war would simply be even more rational as the expected value of trade (and therefore peace) falls.War in such a situation of marked power imbalance and low expectations of future trade is thus overdetermined; it would be difficult to tell whether war occurred because of the positive expected value of war, the negative expected value of trade, or both. Thus, in my empirical analysis, I examine cases wh ere great powers InternationalSecurity 20:4 | 22 Until now, I have talked about state A's â€Å"expectations of future trade† as though they were an essentially exogenous, that is, as though state B, in its willingness to trade with A, were not affected by A's behavior.If, however, state A, by making political, military, or economic concessions, can induce B to relax trading restrictions, then A's low expectations for future trade may be raised. This suggests that the effects of diplomacy and bargaining need to be integrated into any extended historical analysis. 38 The probability of B trading with A is never completely independent of A's actions, since there is always some concession that A could make to get B to commit to higher trade levels over the long term.But the problem for A is that B's price for high trade may be unacceptable in that it undermines A's internal stability or its external power position. To take an extreme example, if B were to demand, as the price fo r higher trade, that A unilaterally disarm and allow B to occupy A with its army, it is hard to imagine A accepting such a deal. If B remains unwilling to budge from such an exorbitant demand, then it is fair to say that A's pessimistic expectation for future trade is exogenous; there is little A can do, short of national suicide, to improve the likelihood of trade.Thus state A, in estimating B's probability of trading with A, will refer to many indicators suggesting how â€Å"reasonable† B will be into the future, that is, how willing B will be to trade, and at what price. One may think of these indicators simply as causal factors affecting the variable â€Å"expectations of future trade. † Such systemic factors as B's economic competitiveness, B's rate of depletion of raw materials and energy reserves (affecting its future export ability), and military pressures constraining B's trade with A will be important.German leaders before World War I, for example, had good r eason to believe that Britain would be forced to move to imperial preference to protect its empire from the German economic challenge and to lend support to its entente partners. Japanese leaders in the late 1930s recognized that the United States would have to cut back on oil and iron exports to Japan as U. S. reserves were attacked great powers in long and costly total wars. While these cases do not cover the universe of wars, they do isolate the role of economic interdependence and changing expectations of future trade in the outbreak of war. 8. Given space constraints, my case studies in this article do not provide a full analysis of the bargaining dynamic. For an analysis of interstate economic bargaining, see Baldwin, Economic Statecraft,chap. 6; R. Harrison Wagner, â€Å"Economic Interdependence, Bargaining Power, and Political Influence,† InternationalOrganization,Vol. 42, No. 3 (Summer 1988), pp. 461-483. Note also that there may be a causal feedback loop, whereby in creasing fears of war lead others to reduce trade, which in turn heightens the incentive of dependent states to initiate war.These and other issues involving the endogeneity of trade expectations are addressed more fully in my book manuscript, â€Å"Economic Interdependence and War. † EconomicInterdependence nd War | 23 a depleted or needed to supply a military buildup (even one directed only at Germany). Such systemic pressures on B to reduce trade with A will foster negative expectations of future trade among A's leaders. But domestic and personal factors can also play a significant role in the exogenous rise or decline in B's likelihood of trading with A, indicating hat the assumption that B is a â€Å"unitary actor† must be relaxed to some degree when examining history. 39 In 1972, for example, the Soviets saw Nixon and Kissinger as firmly in control of American policy, and therefore able to carry through on commitments to increase East-West trade. Two years later, however, such a positive expectation for future trade could not be sustained in the wake of Watergate and the reassertion of Congressional power, at least at a price which was reasonable to the Soviets.This had much to do with the failure of detente, as I argue elsewhere. 40 A comparison of the arguments of trade expectations theory with those of liberal and realist theory is presented in Table 1. To summarize: liberals contend that high economic dependence, as manifest in high trade levels, reduces a state's likelihood of initiating war by providing a material â€Å"constraint† on unit-level forces for aggression. Low dependence will increase this likelihood, since this constraint on unit-level motives for war is removed.Realists argue that high dependence heightens the probability of war as dependent states struggle to reduce their vulnerability. In the realist world, however, low dependence should have no impact on the likelihood of war or peace; that is, other factors sh ould become causally determinant of war. Still, since economic interdependence is at least eliminated as a possible source of conflict, realists 39. Note that state A, the decision-making unit in the theory, can still be treated as a rational unitary actor respondingto the observed domestic forces on the other side. 0. See Copeland, â€Å"Modeling Economic Interdependence and War,†pp. 62-66. International trade institutions such as the General Agreement on Tariffs and Trade (GATT), by lowering transaction costs and facilitating the punishment of cheaters, may be an additional means to build positive expectations for future trade. Indeed, for some liberals, peace may only be likely when both interdependence and effective global institutions co-exist and reinforce one another; Keohane, â€Å"International Liberalism Reconsidered,† p. 183.While such institutions may indeed affect trade expectations, they are unlikely to be as significant in history as the systemic and dom estic factors just discussed, for the simple reason that these institutions are a creation of the post-World War II era. Moreover, since concerns for war and peace revolve mostly around the great powers, and powers like Soviet Union and China have been historically excluded from trade institutions like GATT, such institutions cannot account for fluctuations in the levels of tension between the United States and these powers since 1945.Finally, the institutional approach overlooks bilateraldiplomacy as the principal mechanism through which expectations of trade change; consider the United States and Japan up to December 1941, or the United States and Japan today. 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