Essay online help
Good Essay Topics About Late Middle Ages
Thursday, September 3, 2020
Group Dynamics Essay Example
Gathering Dynamics Essay Example Gathering Dynamics Essay Gathering Dynamics Essay Gathering elements is the investigation of gatherings, and furthermore a general term for bunch forms. Applicable to the fields of brain research, human science, and correspondence contemplates, a gathering is at least two people who are associated with one another by social connections. [1] Because they cooperate and impact one another, bunches build up various unique procedures that different them from an irregular assortment of people. These procedures incorporate standards, jobs, relations, improvement, need to have a place, social impact, and consequences for conduct. The field of gathering elements is essentially worried about little gathering conduct. Gatherings might be delegated total, essential, auxiliary and class gatherings. Key scholars Gustave Le Bon was a French social therapist whose original examination, The Crowd: A Study of the Popular Mind (1896) prompted the improvement of gathering brain science. Sigmund Freuds Group Psychology and the Analysis of the Ego, (1922) in light of a scrutinize of Le Bons work, prompted further advancement in speculations of gathering conduct in the last 50% of the twentieth century. Kurt Lewin (1943, 1948, 1951) is regularly recognized as the author of the development to examine bunches experimentally. He authored the term bunch elements to depict the manner in which gatherings and people act and respond to evolving conditions. William Schutz (1958, 1966) took a gander at relational relations from the viewpoint of three measurements: consideration, control, and love. This turned into the reason for a hypothesis of gathering conduct that considers gatherings to be settling issues in every one of these phases so as to have the option to create to the following stage. : On the other hand, a gathering may likewise regress to a prior stage if incapable to determine exceptional issues in a specific stage. Wilfred Bion (1961) examined bunch elements from a psychoanalytic point of view, and expressed that he was greatly affected by Wilfred Trotter for whom he worked at University College Hospital London, as did another key figure in the Psychoanalytic development, Ernest Jones. Huge numbers of Bions discoveries were accounted for in his distributed books, particularly Experiences in Groups. The Tavistock Institute has additionally evolved and applied the hypothesis and practices created by Bion. Bruce Tuckman (1965) proposed the four-phase model called Tuckmans Stages for a gathering. Tuckmans model expresses that the perfect collective choice creation procedure ought to happen in four phases: Forming (professing to jump on or coexist with others); Storming (letting down the amiability boundary and attempting to get down to the issues regardless of whether emotions erupt ); Norming (becoming accustomed to one another and creating trust and profitability); Performing (working in a gathering to a shared objective on a profoundly proficient and agreeable premise). Tuckman later included a fifth stage for the disintegration of a gathering called dismissing. (Suspending may likewise be alluded to as grieving, I. e. grieving the intermission of the gathering). It ought to be noticed that this model alludes to the general example of the gathering, obviously people inside a gathering work in various manners. In the event that doubt perseveres, a gathering may never at any point get to the norming stage. M. Scott Peck created stages for largers of regular hindrances are: desires and predispositions; preferences; belief system, counterproductive standards, religious philosophy and arrangements; the need to mend, convert, fix or illuminate and the need to control. A people group is conceived when its individuals arrive at a phase of void or harmony. Application Gathering elements structure a reason for bunch treatment, frequently with helpful methodologies that are shaped of gatherings, for example, family treatment and the expressive treatments. Government officials and deals staff may utilize their insight into the standards of gathering elements to help their motivation. Progressively, bunch elements are of enthusiasm for light of online social association and virtual networks made conceivable by the web. Programming Project Management The deft programming improvement which puts accentuation on individuals as opposed to forms has been keen on Group Dynamics. It is then realized that some gile rehearses (Collective Code Ownership and pair programming) must be taken with care since engineers in a group remunerated group will in the long run attempt to coordinate their endeavors to the normal of what they think their colleagues are doing (Lui and Chan). See likewise Cogs Ladder Collaboration Collaborative strategy Crowd brain research Facil itator Forming-raging norming-performing Group-dynamic games Group (human science) Group struggle Group determination Groupthink Group process Interpersonal connections Small-bunch correspondence Talking circle Counterproductive standards Notes 1. ^ Forsyth, D. R. (2006) Group Dynamics . ^ Peck, M. S. (1987) The Different Drum: Community-Making and Peace. p. 95-103. References Bion, W. R. 1961. Encounters in Groups: And Other Papers. Tavistock. Republished, 1989 Routledge. ISBN 0-415-04020-5 Forsyth, D. R. 2006. Gathering Dynamics, fourth Edition. Belmont, CA: Thomson Wadsworth. ISBN 0-534-36822-0 . Freud, Sigmund (1922) Group Psychology and the Analysis of the Ego. New York: Liveright Publishing. Homans, G. C. 1974. Social Behavior: Its Elementary Forms, Rev. Ed. New York, Harcourt Brace Jovanovich. ISBN 0-15-581417-6 Le Bon, G. (1896) The Crowd: A Study of the Popular Mind. London: Ernest Benn Limited. Lewin, K. (1947) Frontiers in bunch elements 1. Human Relations 1, 5-41. - (1948) Resolving Social Conflicts: Selected Papers on Group Dynamics. New York: Harper Row. Lui and Chan (2008) Software Development Rhythms, John Wiley and Sons. Peck, M. S. 1987. The Different Drum: Community-Making and Peace. New York: Simon and Schuster. ISBN 0-684-84858-9 Schutz, W. 1958. FIRO: A Three-Dimensional Theory of Interpersonal Behavior. New York: Holt, Rinehart Winston. Tuckman, B. 1965. Formative succession in little gatherings. Mental release, 63, 384-399.
Saturday, August 22, 2020
Messaging apps Research Paper Example | Topics and Well Written Essays - 1250 words
Informing applications - Research Paper Example Probably the most widely recognized informing applications that permit clients to send free informing writings, pictures, photographs and free brings over an information association incorporate Whatsapp, Tango, Viber and iMessage, Skype among others (Olson, 2013). These applications have been a danger to the ordinary message bearers thinking about that they have discarded the charges that individuals used to pay for similar administrations. In that capacity, the customary message bearers need to close shop or enhance better approaches to pull in clients. In this way, the utilization of informing Apps in sending substance through portable systems has prompted a change in the use of cell phones, making them perfect devices to impart and get content progressively. Informing applications have tested the officeholder social informing locales, for example, Facebook and Alibaba. The applications encourage visiting and sending of various substance a vastly improved path contrasted with the regular strategies for sending similar substance. Tango is one of the most normally utilized informing applications. As of now, Tango has more than 70 million month to month dynamic clients and empowers individuals to send video and voice calls along instant messages progressively (Kan 2014). Tango has gained by the way that the greater part of the calls that individuals make are not replied, particularly at evenings. In that capacity, the organization has accompanied uncommon administrations to clients that encourage recording of messages, which are then seen later after the individual awakens (Kan, 2014). Accordingly, the organization needs to store such messages in their servers, where they are open to any part with an android gadget, gadgets utilizing apple w orking framework or through any internet browser (Kan, 2014). The organization intends to begin bringing in cash by necessitating that clients pay negligible charges on utilizing uncommon administrations, for example, the Tango astounds that permits livelinesss of messages. For example, clients of the Tango Surprises will get a solitary activity for nothing out of pocket
Friday, August 21, 2020
Nature and Love in the Poetry of Dafydd ap Gwilym :: Poetry
Nature and Love in the Poetry of Dafydd ap Gwilym Paper is 1550 words long Dafydd ap Gwilym has been acclaimed as the best artist of the Welsh language. As Rachel Bromwhich remarked, Dafyddââ¬â¢s life harmonized marvelously in both time and spot with a phenomenal chance to mate the new with the old (Brom 112). Maybe mate is a more fitting selection of words here than Rachel expected. As his verse portrays, Dafydd attempted to mate a considerable number of things in his time; the man is deified as a chunk of seething hormones. A self-declared Ovidââ¬â¢s man, Dafydd enjoyed distinguishing himself with the legitimate wellspring of elegant love, a new pattern in Wales during his life (Summer 29). Love, explicitly elegant love, was among the new subjects Dafydd converged with the customary topics like nature. Indeed, even the old subject of nature, under Dafyddââ¬â¢s shaping, took on new structures. Dafydd represented components of nature to be his confided in emissaries in sonnets, for example, The Seagull. In the Holly Grove, nature is unobtrusively p ortrayed as a post or defender of sorts. Varieties of these components of mystery, ensured, and disconnected love work with pictures of nature all through Dafyddââ¬â¢s verse. In any case, nature is by all accounts substantially more than a comrade or simple factor as he continued looking for affection; Dafyddââ¬â¢s sonnets, for example, Mystery Love propose that nature is fundamental in this undertaking. Despite the fact that Dafyddââ¬â¢s endeavors at adoration are not restricted to the characteristic domain, sonnets, for example, Inconvenience in a Tavern make it obvious that just in the common setting is Dafydd an effective darling. Components in the verse of cultured love express the requirement for a relationship to stay mystery. The object of a poetââ¬â¢s love in these sonnets is ordinarily a hitched lady, or out of reach by some different methods. Andreas Capellanusââ¬â¢s The Rules of Courtly Love catches this component of taboo love by saying, marriage (was) no genuine reason for not adoring (Cap 115-116). As Patrick Ford astutely brought up, the need to keep up mystery in an illegal issue is definitely not another plan to current perusers. These components of elegant love don't escape Dafyddââ¬â¢s verse. His sonnet Mystery Love, among others, underscores the degree of mystery fundamental in keeping up a relationship. Dafydd sees himself as a scholarly sweetheart, who found that The best type of the words that work/Is to talk love in mystery (Sec 1-2).
Saturday, June 6, 2020
NerdWallets Best Schools For Your Buck
NerdWallets Best Schools For Your Buck by: Nathan Allen on August 27, 2015 | 0 Comments Comments 1,702 Views August 27, 2015There are obviously many factors to consider when deciding on a business school. Where is it located? How big is the school? What is the community like? How connected and helpful is the alumni network? Increasingly, rankings are also factored into the decision. And with rising tuition costs and student debt mounting for some, a ranking using factors such as average student debt, median salaries of graduates, and average scholarship amounts are gaining validity.CALIFORNIA B-SCHOOLS OFFER THE BEST RETURNSHigher education, after all, is an investmentââ¬âand a large one, to boot. Akin to any investment, youll want a good return. NerdWallet, a financial advising company, recentlyà crunched data points related to the four categories of affordability, prestige, salary, and prestige for 358 American universities and colleges with business majors toà rankà the schoolsà based on return on investment.The overwhelming takeaway from the rankings is public schools in California reign high on returns. California-based public institutions nabbed 13 of the top 25 spots with the states flagship campus taking the top spot by a landslide.The University of California-Berkeleys Haas School of Business scoredà 83.235, finishing far ahead of second-ranked University of North Carolinaââ¬â¢s Kenan-Flagler School of Business with 71.517. Close behind and rounding out the top three was the only private school to crack the top 10, Brigham Young Universityââ¬â¢s Marriott School of Business with 71.459. Rounding out the top five was the University of Virginia and the University of California, Irvine with 70.596 and 70.068, respectively.MANY SURPRISES TO MAKE AND MISS TOP 25The rankings also reveal that if youââ¬â¢re going to get a business degree, go public. Only three of the top 25 schools are private universitiesââ¬âBrigham Young in thi rd, Washington University in St. Louis Olin School of Business in 13th, and Pennsylvaniaââ¬â¢s Wharton School of Business in 16th.There were certainly some surprises to make the list as well. The City University of New York Bernard M. Baruch College came in at 7th. California State University-Sacramento, California State University-Long Beach, and California State Polytechnic University-Pomona came in 11th, 12th, and 15th, respectivelyââ¬âall ahead of Pennsylvaniaââ¬â¢s Wharton School, which came in 16th. Page 1 of 212à »
Sunday, May 17, 2020
The Psychodynamic And Humanistic Perspective - 1640 Words
Personality is a ââ¬Å"pattern of relatively permanent traits and unique characteristics that give both consistently and individuality to a personââ¬â¢s behaviourâ⬠(Feist, pg. 4). The two perspectives we will be exploring are the psychodynamic and the humanistic perspective. The psychodynamic theory; influenced by the work of Sigmund Freud; stresses that our unconscious mind plays a major part in an individualââ¬â¢s personality, whereas, the humanistic theory; influenced by the work of Abraham Maslow; focuses on free will and experience in the development of personality. I chose these two theories because they both have contradicting explanations of what they believe personality is and I wanted to explore their ideas and beliefs. When analysing the Psychodynamic perspective we can argue that it emphasises on the individualââ¬â¢s unconscious psychological processes in determining their day to day thoughts, feelings and behaviours. Freud believed the mind was mostly hidden and based his theory on three assumptions; personality is down to human experience, human functioning and the foundation of personality. Human experience explores the idea that our mind takes place on three levels of consciousness; the conscious, the preconscious and the unconscious. The conscious refers to the only level of mental life available to us which we are aware of such as, our memory, feelings and sensations. The preconscious signifies the experiences that are not currently conscious but can become so, forShow MoreRelatedPsychodynamic approach: the basics1202 Words à |à 5 Pagesare; Psychodynamic approach and the humanistic approach. I will discuss these 2 psychological theories of development and explain how it accounts for t he psychological development, health and behaviour of the individual. Sigmund Freud (1856-1939) was considered the founding father of the psychodynamic approach. Psychodynamic theory is a view that explains personality in terms of conscious and unconscious forces, such as unconscious desires and beliefs, Sigmund Freud proposed a psychodynamic theoryRead MoreMajor Depressive Disorder ( Mdd )1363 Words à |à 6 Pagesas bereavement. The levels of severity are mild, moderate and severe. Different treatments may be used for Major Depressive Disorder. The three most commonly used perspectives are cognitive-behavioral, humanistic and psychodynamic; although the most commonly used is Cognitive-Behavioral Therapy (CBT). Cognitive-behavioral perspective can be used alone or with medication to treat depression. At the origin of Cognitive Behavioral Therapy, it is assumed that an individualââ¬â¢s mood is directly relatedRead MoreDifferent Types Of Theoretical Orientations1612 Words à |à 7 Pagestypes of theoretical orientations that a student may choose to identify him or herself with. Although students may choose a specific theoretical orientation they may change their orientation later on in their academic career depending on their perspective of the field. Each orientation is equal, neither orientation is better than the other. Just because a person picks a certain orientation doesnââ¬â¢t mean that their psychological assessment will be any longer or shorter. Its important that a studentRead MorePsychodynamic And Humanistic Theories Of Psychology1634 Words à |à 7 PagesPsychodynamic and Humanistic Personality Theories The study of the human mind is an interesting topic to discuss about, we have many theorists that have come up with many different ideas or theories, in how to evaluate the mind of humans, two main ways to study the mind in psychology are psychodynamic approach and humanistic approach. Even though these theories are to evaluate human minds they have different views in how the mind works. In psychodynamic approach, the way the mind is viewed is thatRead MorePerspectives of Psychology1141 Words à |à 5 PagesPerspectives of Psychology Psychology can be defined as the systematic study of mental processes, couple with behaviors, and experiences (Kalat, 2011). There are many ways in examining, mental processes and behaviors among people, and therefore psychologist uses different perspectives to understand how human beings, think, act, and behave. Some psychologist uses one perspective to analyze behaviors, and other uses a multidimensional approach. Carter Seifert (2013) identified 7 major perspectivesRead MorePersonalities Theories Paper785 Words à |à 4 Pagestheorized several understandings of a human beings character from a humanistic and psychodynamic perspective. Sigmund Freud, an Austrian psychiatrist, developed the psychodynamic theory which is derived from psychoanalysis. This theory is based on several key factors of personality. Freud used this technique in his study of mental disorders while observing his patients. According to Stedmanââ¬â¢s Medical Dictionary, psychodynamic is the theory and systematic study of the psychological forces thatRead MorePsychology : Psychology And Psychology1300 Words à |à 6 PagesPsychology There are six modern psychological perspectives. These perspectives are behavioral, psychodynamic, humanistic, cognitive, social, cultural, and biological. Each perspective has its own unique way of explaining human behavior. I think that really explains the complex mental processes and behavior, and each prospective study should not be limited to just one. The following is my explanation of the terms and comparisons between the psychodynamic and behavioral aspects relating to the OctoberRead MoreTheories Of Pe rsonality : Psychodynamic, Trait Or Five Factor Model, Humanistic, And Social Cognitive974 Words à |à 4 Pagespersonality: psychodynamic, trait or five-factor model, humanistic, and social-cognitive. The psychodynamic theory primarily focuses on the role of the unconscious mind. The social cognitive theory focuses on the effect of the environment on behavior and is based on theories of learning. Whereas, the humanistic theory emphasizes conscious life experiences and choices. The trait or five-factor model focuses on characteristics themselves and not the roots of personality. To begin, the psychodynamic theoryRead MorePersonality, Cognitive, And Humanistic Perspectives Essay1373 Words à |à 6 Pagesfive basic dimensions extraversion, agreeableness, conscientiousness, neuroticism and openness to experience. (Soto, J. C, Jackson J. J. 2013). However to get a more in depth understanding of personality the psychodynamic and humanistic perspectives are good to look at. The psychodynamic perspective was developed by the 20th centuryââ¬â¢s most influential and controversial psychologists Sigmund Freud (1856-1939). Freud was one of the first psychologists to discuss the unconscious mind and its role in behaviourRead MoreFour Major Approaches to Clinical Psychology1803 Words à |à 7 PagesThere are many approaches to clinical psychology; the four major approaches are in psychodynamic, cognitive-behavioral, humanistic, and family systems. Using the four major approaches contributes to the effectiveness in treatment by identifying the goals of each approach. The paper will break down the approaches, goals, techniques, and the overall approaches used. Philosophical Origins of Clinical Psychology ApproachesAs Thomas Plante (2005) cleverly suggested, clinical psychology is both a science
Wednesday, May 6, 2020
Humans A Threat to the Environment - 1257 Words
Introduction Human beings are often at odds with their environment, and it has been said that everything people do brings about environmental change, most of which results in some long-term threat to the environment. This paper will discuss two production habits and two consumption habits practiced by humans in the act of obtaining environmental resources The production habits are: Fracking, and Arctic drilling. The consumption habits are: Fresh groundwater use, and electric vehicles. Hydraulic fracturing. In the hydrofracking process, high pressure is used to force fluids into the earth formation that surrounds the drilling space for a well, or the wellbore. The fluids are pushed into the rock parts along fracture gradients, flowing further and further away from the wellbore. The fracture becomes filled with the fluid and various substances (proppant) are added to the stream of fluid that keeps the fracture open once the pressure is turned off, and promotes viscosity so the fluids more easily through the fractures. Fluids are then able to flow from the rock structure through the propped fractures to the wellbore. Fracking has been used by the natural gas and oil industry since 1947 when it was introduced at the Hugoton gas field in Kansas. Two years after the first use, hydraulic fracturing was used in a commercial application, and more than 70 percent of the wells in the United States have undergone hydraulic fracturing. Every country that produces oil and gas hasShow MoreRelatedClimate Change Is The Biggest Human Induced Threat On The Environment784 Words à |à 4 PagesClimate change is the biggest human induced threat on the environment; it threatens animal and human life, as well as the economy. After climate change was discovered in the early 1800ââ¬â¢s, scientist immediately started research on ways global warming could be solved. This helped because if it was primarily caused by the earth, than it would prove to be difficult for humans to try to save themselves from something that was inevitable. This all led to the beginning of many different proposed solutionsRead MoreThe Coasta l And Marine Conservation And Management Approaches907 Words à |à 4 Pagesfocused on a restricted area of significant human usage for practises such as; recreational and commercial fishing and leisure, and highly active biologically. The coastal marine ecosystem has been suffering a general tendency of population growth and, nowadays, has been also linked with industrial increase (Pietersen Beekman 2006). However its benefits might be essential to stakeholders, as a consequence of this constant disproportional growth, the threats are becoming more visual, which also increasesRead MoreThere Are Multiple Threats By The Earth s Environment By Brian Parham1386 Words à |à 6 PagesIn Brian Parhamââ¬â¢s article ââ¬Å"There Are Multiple Threats to the Earthââ¬â¢s Environment,â⬠published by The Bridge website on November 18, 2012, Parham claims that Earthââ¬â¢s environment is threatened by a wide variety of issues. Parham s There Are Multiple Threats to the Earth s En vironment is an effective argument due to the strong uses of ethos and pathos, despite the weak use of logos. First, Parham s argument about Earth s environment shows effective uses of ethos, leading to a compelling overallRead MoreEssay on The Fate of Humanity by Technology1524 Words à |à 7 Pagesthe history of humankind, the concept of the end of the world and an afterlife constantly lingered and drove humans to fear the gods. Most believed that a catastrophic event caused by divine or supernatural powers would end the world and plunge humans into the mysterious abyss of the afterlife. In recent years, however, it is becoming more apparent that the technologies and innovations of human creation will eventually be the root cause of their demise. Technologies created during the 20th and 21stRead MoreAnxiety, A Psychological, Physiological, And Behavioral State Induced1356 Words à |à 6 Pages The definition of anxiety is, ââ¬Å"a psychological, physiological, and behavioral state induced in animals and humans by a threat to well-being or survival, either actual or potentialâ⬠(Ste imer, 2002). Anxiety is expressed in humans through many different situations, such as having phobias resembling being afraid of the dark when nothing threatening is there, or having social anxiety corresponding to being nervous about interacting with others who they do not know. Many people will confuse anxietyRead MorePhysical and Chemical Agents Pose a Threat to Human Health but Biological Agents are Most Severe640 Words à |à 3 PagesWhen categorizing environmental agents in regard to human health, physical, chemical, and biological agents each pose different and great threats. All can have potentially extremely dangerous short term and long term effects. In my opinion, biological agents pose the greatest threat to human health. It is crucial to point out that circumstantially, any of the three could pose the greatest threat, but in general, I believe biological agents do so. I find biological agents to be the most unavoidableRead MoreSecuring It Infrastructure At Wd Enterpr ises1268 Words à |à 6 Pagesdifferent areas that need to be addressed. Each of these areas pose different vulnerabilities and challenges to properly securing an IT environment. By identifying these vulnerabilities, applying controls to address them, and designing a robust security plan the IT infrastructure at WD Enterprises will be more secure and provide better protection against these threats. This plan along with design and application of a code of ethics related to the IT profession, will ensure the staff is held accountableRead MoreA Review On Employee Behavior1610 Words à |à 7 PagesLiterature review Employee behavior in organizations is the biggest threat to information security (Schneier, 2000)(Martins Eloff, 2002)(Da Veiga et al, 2007). Currently, research in IS focuses on technical mechanisms of security, and does not think about employee interactions with the system (Parsons et al, 2010). Research has shown that an emerging threat to information security is the insider (Hu et al, 2012)(PWC, 2014). The insider threat is the most difficult information security challenges that organizationsRead MoreShould Gmos Be Considered Part Of A Sustainable Food System?1161 Words à |à 5 PagesWhat are Genetically-Modified Foods? Genetically-Modified Foods, commonly known as GMOs, are crop plants that have been created for human and animal consumption by genetic engineering techniques of biotechnology. These crop plants have been modified in a lab to create a desired trait that has been undertaken through breeding methods. Lately, there has been major controversy and disputes on if GMO s are a solution or a problem in todayââ¬â¢s society. Now, a question for debate is, should GMOs be consideredRead MoreSWOT Analysis of Roland Beer Company1383 Words à |à 6 Pagesbusiness that endeavours to fulfil all the legal connotations. The company aspires to submit to rules from the environment, human health, and the general business legalities in the market. Moreover, the company will ensure that all the procedural measures undertaken while producing, marketing, and using beer are respected to the end (Pahl Richter, 2009). Roland Beer Company will face threats from other beverage and beer manufacturing organizations in the market. For instance, stiff competition will
Evolution of Comparative Advantage â⬠Free Samples to Students
Question: Discuss about the Evolution of Comparative Advantage. Answer: Introduction: Real GDP is the measurement of the total macroeconomic output adjusted against the price changes (Berger and Sedunov 2017). According to the same source, real GDP per capita is the measurement of individuals income share out of total economic wealth of a nation. Higher real GDP means that economy has achieved better efficiency in production and it has grown substantially over the time. However, it may not be the case that higher real GDP always ensure higher real GDP per capita. If the number of population is higher, then irrespective of the real GDP growth, per capital real GDP will eventually fall (Bulman, Eden and Nguyen 2017). On the other hand if the economic output has increased slightly and the number of population is low, then the slight change in real GDP can cause a great amount of rise in the real per capital real GDP. Considering this, it can be seen the Sydney has become one of the largest and most important city in the Australia. It houses more than 5 million population and with rise in the population, productivity of the state has also enhanced (Martin 2018). However, due to rise in population through migration from different state of the country, Sydneys real per capita GDP has fell over the time. Thus, the main reason of the difference in Sydneys real GDP and per capita real GDP difference is the rise in population through migration. During 2016-17 there was high amount of growth in regional Victoria and according to the statistics it grew at the 5.8% annual growth rate, which is much higher than the NSWs 1.5% annual growth rate (Martin 2018). According to Sgsep.com.au (2018), more than 40% of the growth rate of regional Vitoria came from the strong agricultural production and along with this boost in the food manufacturing has curtailed the growth rate for regional Victoria. Compared to this NSW faced reduced investment and financialisation in the state that has caused reduced amount of growth for this. If these two different rate of growth prevail for next 20 years, then it would cause polarisation among the states. Over the year regional Victoria has reduced the unemployment rate from 6.6% to 4.9% that showcase considerable amount of job creation in the region (Staff Writer 2018). Following the same, if the growth difference persist, then more people will migrate from NSW to regional Victoria, which will deteriorate the economic growth of NSW further. GDP is the aggregate of total goods and services produced by an economy within a financial year and it does not includes any market transaction like voluntary or domestic work (Osberg 2015). Though these have substantial amount of share in social welfare, GDP fails to consider it, thus there is loop hole in the social welfare measurement strategy of the GDP. GDP fails to incorporate the wealth distribution, thus it fails to measure the polarity in the population too. If there is high magnitude of wealth inequality, then GDP cannot reflect the same and fails to measure the social welfare at all. Alternative measurement: Human development index it has been constructed to gauge the loopholes of the GDP measurement and it includes standard of living, life expectancy, education and health along while utilising the GDP of the nation (Levchenko and Zhang 2016). Thus, it takes care the social welfare factor and measures the economic growth too. Social Progress Index It is another extensive framework for measuring the social welfare. Considering the opportunity, well-being and human needs it measure the social welfare and aids to determine the level of economic growth of a nation (Ravallion 2017). Liquidity in the money market is one of the key factor that drives the economic growth. If the Reserve Bank of Australia push up the cash rate in the Sydney, then it can be hoped that it will hold the rapid growth of the economy and save the countrys economy from polarisation. As highlighted by the Martin (2018), Sydney is the capital of financial service of the country and if government fails to constraint this, then it can bring in crisis in the economy. With rise in the cash rate government can effectively dry up the liquidity in the market, which will lead to fall in the aggregate demand (Guerrieri and Lorenzoni 2017). With lower aggregate demand, there will be fall in production as well as rise in the cost of the goods and service in the country leading to rise in the inflation. Finally it will allow the Sydneys economy to hold its cannon balling effect on the annual GDP growth rate. Reference: Berger, A.N. and Sedunov, J., 2017. Bank liquidity creation and real economic output.Journal of Banking Finance,81, pp.1-19. Bulman, D., Eden, M. and Nguyen, H., 2017. Transitioning from low-income growth to high-income growth: is there a middle-income trap?.Journal of the Asia Pacific Economy,22(1), pp.5-28. Guerrieri, V. and Lorenzoni, G., 2017. Credit crises, precautionary savings, and the liquidity trap.The Quarterly Journal of Economics,132(3), pp.1427-1467. Levchenko, A.A. and Zhang, J., 2016. The evolution of comparative advantage: Measurement and welfare implications.Journal of Monetary Economics,78, pp.96-111. Martin, P. (2018).Sydney powers the nation, accounting for almost half of Australia's economic growth. [online] The Sydney Morning Herald. Available at: https://www.smh.com.au/business/the-economy/sydney-powers-the-nation-accounting-for-almost-half-of-australias-economic-growth-20171204-gzyj04.html [Accessed 14 Apr. 2018]. Osberg, L., 2015. Book Review of Beyond GDP: Measuring Welfare and Assessing Sustainability.The Journal of Economic Inequality,13(3), pp.479-484. Ravallion, M., 2017.Poverty comparisons. Routledge. Sgsep.com.au. (2018).Economic performance of Australia's cities and regions - SGS Economics Planning. [online] Available at: https://www.sgsep.com.au/publications/economic-performance-australias-cities-and-regions [Accessed 14 Apr. 2018]. Staff Writer (2018).Regional Victoria Building Growth Higher than in Melbourne. [online] The Urban Developer. Available at: https://theurbandeveloper.com/articles/regional-victoria-building-growth-employment [Accessed 14 Apr. 2018].
Subscribe to:
Posts (Atom)