Friday, November 1, 2019
Geography of water and energy resources Essay Example | Topics and Well Written Essays - 250 words - 5
Geography of water and energy resources - Essay Example ountries is $34.442 trillion while that of the Middle East OPEC countries is $ 2.1348 trillion, an indicator that the G7 countries are more productive, economically. This identifies mean GDP of $ 4.92 trillion for the G7 countries and $ 0.3558 trillion. This translates to a GDP per capita of $ 43, 132.88 for the G7 countries and $ 14,112.79 for the Middle East OPEC countries (Central Intelligence Agency, 2014). The G7 countries therefore have better production efficiency than the Middle East OPEC countries because even though the G7 countries have higher populations, their per capita incomes are far higher than per capita incomes of the Middle East OPEC countries. G7 countries are considered as economic giants in the world and this perception is consistent with the reality, based on the analysis. Gross domestic products of the Middle East OPEC countries are all below a trillion dollars while the lowest GDP among the G7 countries is above a trillion dollars. Higher average GDP and per capita GDP for G7 countries than for Middle East OPEC countries show
Wednesday, October 30, 2019
The Healing Activity of Jesus and The Ministry of the Church Today Essay
The Healing Activity of Jesus and The Ministry of the Church Today - Essay Example His healing actions were central to His ministry as the Messiah who has come to preach the good news to the poor of the Yahweh. The cardinal principle of Jesus' mission is its stubborn option for the poor and the marginalized and the role of the healing action of Christ is an unequivocal proclamation that the people whom the society considers as the scum of the earth are the children of God in a special way. Since the Church is the continuation of Jesus in the world today, it is necessary for the Church to model its mission after the manner of Jesus and His disciples and missionaries, who provide us the benchmark of missionary conduct. Jesus has a proclaimed bias for the poor, marginalized, outcasts, handicapped, helpless and sinners. Jesus' basic identity was with those who were excluded from mainstream social class, who boasted about their pedigree and righteousness. (The New Revised Standard Version of the Bible, Mat.9.11, Mk.2.16, Lk.5.13). The derogatory remark about Jesus by the Jews highlights this identity chosen consciously by Jesus: a friend of the tax collectors and sinners (Mat.11.19). In the words of Martin Percy these friends of Jesus were those, who dwelt outside the periphery of the over- righteous Jewish society, the politically, socially and religiously disadvantaged (p.28). The main focus of Jesus' ministry was directed to the poor, the oppressed, the excluded and the helpless. The then Jewish society had a system of societal exclusions based on their self-righteous attitude as the chosen people of God. In the Jewish brag as the chosen people of God they forgot the fact that God has many chosen peoples. Social classes like the Samaritans were the outcasts, the presence of the sick like the lepers violated their ritualistic standards of cleanliness, tax collectors were branded bad because of their profession and the congenital handicaps like blindness were blindly accepted as the results of the sins of their ancestors. Though healing actions of Jesus is traditionally considered as faith revelations, the Jesus' Messianic mission of the societal inclusion of the marginalized is also inherent in them. This healing touch is a gratuitous gesture extended to all the deprived who came to Him, irrespective of race or religion. (Percy 30). Jesus achieves the empowerment of the marginalized by his own voluntary disempowerment, the culmination of which is the helpless nailed condition on the cross. In the active ministry Jesus demonstrates it by His spontaneous association with all classes of people whom the Jews considered outcastes. So there is dining with tax collectors, moving in the company of women of immoral history and blatant violation of Jewish rules of social segregation by asking the Samaritan woman water to drink. The choice of the ignorant fish folk as His disciples to carry on His mission, in itself is a symbol of the unique nature of Gods' work often achieved by using human beings, who in our judgment is least suited for the task. However, history has shown that the pack of ignorant fish folk under the leadership of the impetus Peter achieved what several divisions of grand armies of historical civilizations could not achieve. According to Martin Percy: This view would not have been strange to the Early Church fathers, whose
Monday, October 28, 2019
The Wonders of the Great Barrier Reef Essay Example for Free
The Wonders of the Great Barrier Reef Essay Marine life has always been one of the greatest wonders in the world. For the longest time, both marine plants and animals have peacefully inhabited the bottom of the sea, and contributing much to the beauty of the environment. Two of the most interesting reefs in the world are the Great Barrier Reef in Australia, and the Lakshadweep Reef in India. Although these two ecosystems are similar in numerous ways, their way of living and the inhabitants found in each still differ, making them unique and extraordinary from each other. Considered as the largest coral reef in the world, the Great Barrier Reef is composed of an estimated 2,900 corals that also serves as home to numerous plants and animals. The smallest to the largest animals are said to inhabit the said reef, with their existence serving as the distinctive mark of the Great Barrier Reef. One of the famous inhabitants is the Dugong (CRC Reef Research Center, n. d. ). Also known as the Sea Cow, the Dugong is a vegetarian mammal found mostly in the waters of the Indian and the Pacific Oceans, the Red Sea, and Australian sea beds. These endangered mammals are large in size, and are said to swim through the different flora found in the seabed. Before heading for the surface, Dugongs can last a total of six minutes underwater. They are mostly seen in pairs, and are often seen gathering in groups, also known as herds. Similar to humans, Dugongs only carry one calf during pregnancy, which lasts for a year. After birth, young Sea Cows stay with the mother for a year and a half, before embarking on their own. Because of their immense appearance, the Dugong becomes a primary target of illegal fishermen and hunters. The meat, oil, skin, and other parts of the Dugongs body may be sold individually for a huge amount of money. Unfortunately, these factors have contributed much to the increasing number of demand for the said endangered animals (National Geographic, Society, 2009). Aside from animals, a wide variety of plant life also exists in the sea beds of the Great Barrier Reef. Like the plants on land, marine plants play an important role in the existence of marine animals. These plants are normally employed as food for the marine animals, and are also used the main habitat of numerous animals. One of the most abundant types of marine plants in the sea beds of the Great Barrier Reef is the Algae (Facts Monk, n. d. ). Different types of marine algae exist in the bottom of the Great Barrier Reef. These include the red, blue, brown, and green algae. Although these floras are simple in consistency, they play an important role in maintaining the balance of nature and the ecosystem. The existence of algae in the Great Barrier Reef has a great impact on how living creatures were able to co-exist with each other. Because of the human disturbance witnessed by the Great Barrier Reef for the last couple of years, some of the marine animals have become endangered, if not extinct. However, the growth of algae in the bruised corals in the seabed has become beneficial in the growth of corals, which also contribute in helping balance the ecosystem (CRC Reef Research Center, n. d. ). Moreover, the Lakshadweep in India was another site to marvel at. The whole area is said to contain numerous species, all extraordinary in their own kind. Each species also contributes to the beauty of the said ecosystem, making sure that balance between all living creatures is maintained. In addition to this, the appearance of the said ecosystem has attracted numerous tourists because of the impressive sight. The Lakshadweep in India is comprised of 36 coral islands spanning an estimated 200-400 kilometer radius. Known to many as a ââ¬Å"tropical paradiseâ⬠, Lakshadweep never fails to impress the interest of many (South India Tour Travel, n. d. ). In addition to this, the Lakshadweep was also considered to be protected by the government. In this manner, the said ecosystem would be improved in all levels possible, without the difficulty of having to hurt anyone else. Similar to the Great Barrier Reef in Australia, the Lakshadweep ecosystem in India comprises of different kinds of marine plants and animals. These include different kinds of algae, clams, corals, sea cucumbers, and starfishes of every kind. These floras also serve as the primary food and habitat of the marine life occupying the said ecosystem. Accompanying the flora is a wide variety of marine animals unknown to mankind. One of the most famous animals found in this ecosystem is the dolphin (WWF India, n. d. ) The dolphin is one of the most famous mammals in the world. Often seen in the ocean, dolphins have a way of attracting the people in numerous ways. Unknown to many, dolphins are unique and have impressive intellectual skills. In this manner, they are able to make the existence of each species in the ecosystem worthwhile. From everything that has been said, it is evident that ecosystems have different strategies. Although both the Great Barrier Reef in Australia and the Lakshadweep in India are home to thousands of species, they too have their own goals to practice. The Great Barrier Reef is a clear example of how we, as people, should care for the environment. In so doing, the Lakshadweep in India also serves as a haven of hope for people all over the world. The said ecosystem was damaged, and almost erased from the map, but with much hard work and dedication, everything was being restored to how they used to be. Now all living creatures, both humans and animals alike, would have hope that a better future is still attainable. References CRC Reef Research Center. (n. d. ) Coral reefs. Retrieved August 6, 2009 from http://www. reef. crc. org. au/discover/coralreefs/index. html National Geographic Society. (2009). Dugong. Retrieved August 6, 2009 from http://animals. nationalgeographic. com/animals/mammals/dugong. html Facts Monk. (n. d. ) Great barrier reef plants. Retrieved August 6, 2009 from http://www. factsmonk. com/Great_Barrier_Reef_Plants South India Tour Travel. (n. d. ) Marine life in Lakshadweep. Retrieved August 6, 2009 from http://www. southindiatourtravel. com/lakshadweep/travel-to-lakshadweep/marine-life. html World Wildlife Foundation India. (n. d. ) Biodiversity and status of coral reefs/ecosystems. Retrieved August 6, 2009 from http://www. wwfindia. org/about_wwf/what_we_do/marine/projects/coral_reef_monitoring/results. cfm
Saturday, October 26, 2019
School Violence Essay -- Violence Education Security Technology Essays
Over the past several years, an epidemic of school violence has overtaken our nation. From monthly shootings, to daily bomb threats around the country, violence is becoming more and more common in schools. It is typical to hear about acts of violence among our youth everyday on the news. Although more numerous in cities, this violence does not discriminate against inner city or suburban areas; it happens everywhere. When addressing this quick spread of crime, one can inquire as to its history and why it happens, myths about school violence, and how was can taper it, by the use of technology. History of School Violence The history of violence in schools has no set pattern, but statistics report back to the 1970s. In 1978, a reported 282,000 students were assaulted in high schools, and 5,200 teachers were also assaulted that year (Elliot, 1998). Between 1984 and 1994, the number of teens who were killed doubled, while the number of adult homicides decreased (Elliot, 1998). Over the years, students have felt increasingly more afraid to go to school. Along with the number of homicides increasing, lesser crimes like theft and assault have gone up as well (Elliot, 1998). An outrageous statistic from the book ââ¬Å"Violence in American Schools,â⬠states ââ¬Å"nearly half (47%) of all teens believe their schools are becoming more violent, and one of every ten report a fear of being shot or hurt by classmates that carry weapons to schoolâ⬠(Elliot, 1998). Sadly enough, over the years, children have become afraid to go to a place, which once made them feel safe. Myth and Fact of School Violence People have many different perceptions about what school violence is, and how it is handled. There are many misconceived ideas about... ...ology. American School & University. Retrieved April 11, 2015 from www.ephost@epnet.com Garza, Katie. (2002). School Security Moves Into the Digital Age. The Journal. Retrieved April 11, 2015, from www.ephost@epnet.com. Goldberg, L. (2003). Creating Safer and More Efficient Schools with Biometric Technologies. The Journal. Retrieved April 11, 2015, from www.ephost@epnet.com. Goldberg. P A. & Conoley.J.C. (Eds.)(1997) School Violence Intervention. New York: The Guildford Press Shafii, S, M. & Shafii, S.L. (Eds.). (2001). School Violence: Assessment, Management, Prevention. Washington , DC: American Psychiatric Publishing, Inc. Szczerba, Peter. (2000). Advances in Protection. American School & University. Retrieved April 11, 2015, from www.ephost@epnet.com. Trump. K. (1998) Practical School Security. California : Corwin Press Inc.
Thursday, October 24, 2019
Redbull Marketing Communications Essay
Redbull Marketing Communications Digital Campaigns Clarisonic launched a campaign in October 2010, Breast Cancer Awareness Month, in which the company promised to donate 1$ for every new like they received on their facebook fan page. Clarisonic used Facebook advertising, email blasts, twitter, youtube and even their own blog ââ¬Å"Sonic Chatterâ⬠to spread the word about their new ââ¬Ëlikeââ¬â¢ campaign. Clarisonic objectives included adding a thriving social media section to Clarisonicââ¬â¢s traditional cause marketing for nonprofit. Furthermore, Clarisonic wanted to increase awareness of their brand and products, as well as increase awareness of their Facebook page. Another objective, which was the most direct objective, was to raise money for ââ¬Å"Look Goodâ⬠¦Feel Better. â⬠Attaching their name to this cause also allowed them to increase sales for their specialized products like Pink Clarisonic, which also benefits the ââ¬Å"Look Goodâ⬠¦Feel Betterâ⬠charity. Clarisonic also aimed at marketing beyond their typical target audience of women in their late 20s-50s. Some limitations that were faced was that it was only a two month project and although it attracted a lot of views, interactions, and new Facebook fans, they would have to constantly engage the new fans that were outside their target market, who may not be interested in their actual products being sold. Partnering with ââ¬Å"Look Goodâ⬠¦Feel Betterâ⬠was a perfect fit for this campaign because both companies focused on transmitting a message of empowerment. Redbull: On October 14, 2012 the world witnessed a breathtaking experiment; Red Bull Stratos. It took viewers to the edge of space and it was all organized by a private organization, Red Bull. The Red Bull Stratos mission was a record breaking event, one which saw Felix Baumgartner free fall from more than 23 miles above the earth, breaking a free falling world record while becoming the biggest digital live event on record. It reignited a yearning for the extreme, and created a distinct association with what was Extreme and Redbull. The objectives of Redbull marketers was to reach a lot of people, to excite them, give them something to talk about and look forward to and then to directly relate this ââ¬Å"coolnessâ⬠to drinking their product. They wanted to break world records, not only in the actual freefalling aspect but the hype around the event. This hype could then be translated hopefully in an increase of brand awareness and in turn, an in crease in sales for Redbull. Clarisonic: Clarisonic targeted current consumers of their product by advertising about the campaign on their blog, which users of their product read, as well as non users by making the campaign goal not just relevant for women or those that are in their 20s, 30s. The campaign therefore targeted a much broader audience, those that frequent charity events and support a good cause, not simply women in the beauty care sector. By making their campaign about much more than a physical beauty care product but something that benefits the greater cause, they were able to target men and women of all ages who support cancer organizations and link this support of a good cause with their brand. Redbull: The audience that was targeted in the Redbull campaign was extreme sport enthusiasts as well as the entire world that would also be excited to watch a world record breaking event. The target audience was broad and expanded past extreme sport enthusiasts which most of Redbulls marketing targets. Clarisonic: Clarisonic campaign was extremely ethical as it raises awareness of a certain cancer fund, donates money to the fund, and through these actions is able to also increase awareness of their brand and better their image. Had most of this money not gone to a cancer organization, and just gone to supporting the brand, perhaps it would be less ethical. Redbull: One could argue that the risk involved in this campaign was too much to be considered an ethical campaign for Redbull. Yes, it attracted a lot of new consumers and created record-breaking brand awareness but it was at the risk of being at the cost of a human life, which is unethical. Clarisonic: They were extremely successful in one of their main objectives, which was to raise money for the Look Goodâ⬠¦Feel Better cancer organization seeing as they raised $1 million dollars and increased awareness of this great organization. ââ¬Å"Likesâ⬠as well as interaction on their Facebook page continued to grow even after the two month campaign and n 2010 alone, their selling of their ââ¬Å"Hopeâ⬠Mia skincare brush more than doubled compared the previous year. Clearly no one can know for sure if it was directly because of the ââ¬Å"likeâ⬠campaign but it is safe to say that the increased awareness did contribute to an increase in sales of Clarisonic products. The like campaigne increased Clarisonics fan page by 80 percent. Redbull: Without a doubt Redbull achieved its objectives of showi ng the world something that has never done before and reemphasizing their brand motto ââ¬Å" Redbull gives you wings. This event had a huge brand impact on Redbull. Not only did this campaign beat records and was unprecedented scientifically, it was also beating records in a brand marketing perspective. 1,000,000 distinct user accounts were involved in the conversation regarding RedBull Stratos with a suggested audience of this content being up to 90,000,000. 2,000,000 new accounts were subscribed for Red Bull updates within a span of 15 days surrounding the event, these updates included all brand presences in the digital world. These represent engaged consumers that could possibly one day turn into paying consumers of RedBull. Most campaigns, much like Clarisonic are dominated mostly by likes or ââ¬Å"neutral commentaryâ⬠yet Red Bull Stratos had unmatched positivity and meaningful interaction from people around the world; more specifically 820,000 pieces of extremely positive content was created in regards to Redbull Stratos. 50,000 distinct links were shared about Red Bull Stratos. More than 8 million concurrent live streams of the Redbull Stratus jump on YouTube was had which was the largest in Youtubeââ¬â¢s history. This kind of huge reach transcends RedBull Stratos and reaches Red Bull branding in almost ever single comment or interaction, which till this campaign and to this extent was unheard of. According to Vocus, sales of Redbull increased by 55% in the first few months following the campaign so already here we can see that not only did this boost brand awareness and image, it had a direct impact on offline consumer behavior. Clarisonic was always tied to cancer awareness funds in the past, their product line, Pink Clarisonic previously donated some proceeds to the Feel good, look better fund so this new ââ¬Å"likeâ⬠campaign wasnââ¬â¢t a trigger of some outside market force, it was more an expansion of what was already underway internally in their brand image and concept of empowerment. Furthermore Breast Cancer awareness month was also somewhat of a trigger to tie their brand with this month awareness. Clarisonic competitors are low priced beauty products such as Olay Pro X which did not stray from their traditional marketing ways despite the success of Clarisonics like campaign. Personally, I would make this marketing communication campaign longer than two months, allowing the attention that Clarisonic was receiving to be exploited further. I would also allow fans that mentioned Clarisonic on twitter to receive small samples of new products Clarisonic has, thereby engaging target consumers with the actual product at hand. Timing of this campaign was definetly in Clarisonics Favor. Breast cancer awareness month is a time where many want to donate themselves to the cause and this like campaign allowed them to do so effortlessly and without their own money, simply their participation in a brand they may not have been aware of. Connecting themselves with Breast Cancer Awareness month also lends greatly to a better image for Clarisonic. Twitter did not participate greatly in this campaign other than to advertise for the campaign on facebook. Salespeople were not utilized in this champagne either which also could have further helped promote their products as well as their like digital campaign. Redbull: Redbull was always tagged with an idea of extreme sports, they sponsored athletes, had their own extreme sport web episodes, and could be found at most sporting events. Therefore, the fact that this was the company that decided to do something so extreme and create so much digital hype around this event was definetly no surprise considering past records of RedBull. It was not triggered by stunts pulled by their competitors. The Redbull Stratos was able to reach millions more than their usual marketing antics. I would not recommend a thing to the Redbull Stratos campaign, I think everything they did digitally to boost this campaign was genius. The message was simple; Redbull gives you wings and with a record-breaking free fall, they proved this. Millions will always associate the feeling of ââ¬Å"coolâ⬠and ââ¬Å"extremeâ⬠with drinking RedBull, and that in my opinion, can only be done by indirect selling of their drinks. No commercial or online campaign could create such brand association by simply telling consumers how cool their drink is.
Wednesday, October 23, 2019
Cultural Immersion Essay
Culture has been characterized as the beliefs, arts, morals, customs and traditions exhibited by a group of individuals within a particular society (Langness 1987). It has long been believed that culture has been associated with oneââ¬â¢s ancestry. My trip to Jamaica has made it evident that this entirely is not the case. There are a number of other factors that could cause two groups of individual from the same ethnical background but living in different societies. My paper will be discussing my experiences and realization during my short but meaningful trip to the island of Jamaica. My Cultural Background In order to show that people who come from the same ethnical background do not necessarily have to have the same culture, I will first provide information regarding my own personal background to serve as the basis. Although I am an American living in California, my ethnical descent is African. The roots of my family are embedded in Mississippi. It is for this reason why the food and way of life I have been brought up with resembles those that live in the southern part of the country. In fact, even if I do come from a single parent household, our traditions are very much Southern from the food we eat, the importance we give to our religion and spending time with the family. Day One of My Trip This trip was not just my first time to Jamaica, but my first trip outside of the United States. The moment I had gotten out of the plane, I could say that I was immediately shocked with what greeted me. When I left California for Jamaica, I went through an airport that was air-conditioned and my full of the latest security precaution devices and machines to pass through. I did not see anything of this sort when I arrived in the airport at Jamaica. No high-technology security equipment and no air-conditioner running in the airport. I was greeted by a man named Darwin Mills who was going to drive me to the house of Mr. and Mrs. James, my host family. Mr. Millââ¬â¢s disposition was as warm as the weather. He was more than happy to drive me first around the Montego Bay area of the island to show me around. Although he was extremely enthusiastic about everything in Jamaica, I could not help but notice how different it was from my hometown in California. It was if I was in another world. For starters, the vehicle used by Mr. Mills to bring me to my destination was right-handed, which was why they were driving in the opposite lane than I would back in California. I also saw people walking on either side of what was supposedly their main highway. When I meant that they were walking on either side of the highway, I am not talking about them walking on sidewalks on either side of the highway. They were literally walking on the side of the highway. What really caught my attention was how underdeveloped the area was. It was not anything like what you would see in tourist brochures and magazines. The streets were filled with pot holes. Houses were small and the fences were poorly made. There were no skyscrapers or large business establishments back home. It made me realize just how fortunate I was living in a sturdy well-built house with a sturdy fence and driving on a well-paved road, despite the horrendous traffic. My first taste of authentic Jamaican cuisine was at lunch time when Mr. Mills brought me to the Rock House Hotel. I was blown away on just how fresh the food was. It tasted deliciously different. After which, I was taken to Rickââ¬â¢s Cafe, which is known more for the daredevils jumping over the cliffs into the wide blue ocean. At the background was a steel drum band playing Reggae music, which is one of the signatures of Jamaica. I was fascinated on how something so simple could be able to develop wonderful, upbeat music. When Mr. Mills dropped me at Mr. and Mrs. Jamesââ¬â¢ house, I nearly jumped at the sight of the dogs that Mr. James keeps loose at the front yard. He apologized for them and explained to me that their dogs were allowed to run loose for their own protection. Although their homes were equipped with two air-conditioners, he explained to me that this is rarely used since electricity is rather expensive in Jamaica. This is the reason why they only use electric fans. As I retired for the night, I kept reminding myself not to immediately judge my life back in California and what I have initially seen in Jamaica so that I would be able to fully understand more about living in Jamaica. Day Two of My Trip The highlight of the second day of my trip was when Mr. and Mrs. James introduced me to Mr. Jamesââ¬â¢ uncle, Charles and his cousin, Brenda. It was through my conversation with them that I begun to slowly learn more about Jamaica. According to them, for a long time, Jamaica had been a colony of England. It only gained its independence in 1962. Majority of the inhabitants of the island were predominantly of African descent, like I was. Although they live far away from Africa, they still hold dearly to their African traditions and customs. Celebrations of the various African festivals are held annually. Despite its booming tourism industry, Jamaica remains to be a third world country. This conversation had answered a lot of my questions when I had first arrived in Jamaica and it had opened my eyes and my mind and developed an understanding and appreciation to the people living in Jamaica. Despite everything surrounding them, they remain to be warm and extremely accommodating to me and more than willing to help me learn as much as I can about Jamaica and Jamaicanââ¬â¢s way of life. Day Three of My Trip My last day in Jamaica happened to land on a Sunday. The day started with a day at the beachside which Jamaica has long been known for. But I did not go there to swim, because I do not know how. Instead, I had been taken by Mr. James to the beach to do some shopping. Unlike in California where everything is bought in the local grocery or seafood market, here in Jamaica, it only takes a matter of a few hours for the food to be caught, picked, cleaned, cooked and served. Speaking with meals, my last meal in Jamaica was something similar that one that I would usually have back home. We were served a feast of greens, jerk chicken, rice and peas. Just like back home, Sunday was a time when families get together and enjoy each othersââ¬â¢ company over a wonderful spread of home-cooked favorites. Reflection Taking the road less traveled by American tourists in Jamaica, I was able to learn so much about their way of life. Back home, I have been fortunate to have access to a number of amenities and privileges that most Jamaicans would only dream about. Yet, their situation has not diminished their warm and sunny outlook towards life. Despite their limited resources, Jamaicans are able to make the most of what they have and keep a positive outlook. For instance, some African Americans to this day hold a grudge against Caucasian Americans for the prejudice, racism and oppression the older generations have experienced since the time of the slave trade. While Jamaicans had also experienced the same oppressive treatment in the hands of the English, they have placed the oppression behind them and instead celebrate on the fact that they are now free from the oppression. Reference Langness, L. L. (1987). The Study of Culture. Novato, CA: Chandler & Sharp.
Tuesday, October 22, 2019
Capital markets in India
Capital markets in India First, the country has not strengthened its capital markets fully. Currently, the National Stock Exchange (NSE) has not reached out to retail businesses and institutional investors properly. Furthermore, the stock market is dependent on metro cities; only about ten cities account for eighty percent of the trading at the NSE. This leaves many rural and semi rural areas untapped (Mohan, 2006).Advertising We will write a custom essay sample on Capital markets in India specifically for you for only $16.05 $11/page Learn More It has been shown that the Indian people have a very good savings culture. If the retail sector can be engaged, the capital markets will have better prospects for growth. Such an approach is quite imperative especially because the bond markets are growing at very good rates (Sharma Chandan, 2006). Financial literacy is another big problem in Indian capital markets. A number of people are willing to invest, but few of them are fully informed about financial instruments. Some of them have committed themselves to an investment, only to realize that they had not been told about the full risks entailed in the venture. For the Indian capital markets to grow, people need to know the benefits, risks, durations and volatilities of various types of investments before that can commit. Stakeholders have the responsibility of making this information available to them in an easily accessible and understandable form (Farrell et al., 2006). When compared to other capital markets of the world, it is a given fact that transaction costs in India are much higher than they are in similar economies. Consequently, this acts as a barrier that limits potential trading partners from participating in the market. The country is yet to take full advantage of the benefits of technology in order to cut down on some of these transaction costs. India has the opportunity to make their markets the ideal investment destination if it can work on this gli tch. This particular capital market also lacks new products innovation. One particular sector that needs to be improved is the area of financial derivatives. Investors in other parts of the world tend to rely on financial derivatives in order to protect or hedge out their investments against risk (Bekaert et al., 2003).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More This can provide a new avenue for revenue growth and could push the boundaries of the Indian Capital markets to other parts of the world through foreign investors. Governance, regulation and risk management are also other sectors that can be improved in the Indian capital markets. Internationalization is fast becoming a reality for emerging economies. If India is competing internationally, it needs to clear out current structural bottlenecks. The country needs to have governance and risk management standards that are well streamlined. For any stock market to function efficiently, it needs to have a mechanism for providing resilience and stability to those concerned. Consequently, India needs to work on its current procedures and models so as to align them with international best practice standards (Shirai, 2002). Indiaââ¬â¢s capital markets have been performing well irrespective of the global financial crisis (Gorham et al., 2005). This is indicative of the potential in these markets in the future. However, for India to reach to that level, it needs to know its weaknesses and work on them. I hope that these few highlights will help in understanding the Indian capital markets further. References Bekaert, G., Lundblad, C. Campbell, R. (2003). Equity market liberalization in emerging markets. Federal Reserve Bank of Louisiana report, 23 Farrell, D., Lund, S., Greenberg, E., Rosenfeld, J. Morin, F. (2006). Accelerating Indiaââ¬â¢s growth through financial sector reform. San Francisco: MGI pu blishers Gorham, M., Thomas, S. Shah, A. (2005). India: The crouching tiger. Web.Advertising We will write a custom essay sample on Capital markets in India specifically for you for only $16.05 $11/page Learn More Mohan, R. (2006). Monetary policy and exchange rate frameworks: the Indian experience. Bombay: McMillan Sharma, V. Chandan, S. (2006). Developing corporate bond markets in Asia: The corporate debt market in India. TGI Report, Basel, 46 Shirai, S. (2002). Have Indiaââ¬â¢s financial market reforms changed corporate financing patterns? Asian Development bank report, Tokyo, 34
Subscribe to:
Posts (Atom)