Efficiency Wages Models of Unemployment †MyAssignmenthelp.com

Question: Discuss about the Efficiency Wages for Models of Unemployment. Answer: Introduction: The economy of Greece has been going through a lot of turbulence and its repercussions have affected many indicators of macroeconomics. Unemployment is one such macroeconomic indicator of the country which has been severely affected. The aim of this paper to answer questions related to the unemployment in Greece. The unemployment of Greece is measured by taking the percentage of the labours who are working out of the total workforce of the country. In the case of Greece, the unemployment has been similar to the figures of European Union as a whole till 2008 (Farber Valletta, 2015). However, due to the financial mismanagement and the crises after the year 2008 the unemployment rate fell sharply compared to the European Union. There are two types of problem in the country in terms of unemployment. First one is the long run unemployment which is also called the natural rate of unemployment. This is not the result of the mismanagement it has committed in the past. Another problem of the economy is the cyclical unemployment which fluctuates around the normal rate as a result of the changes in the business cycle and the national product of the economy. Menzio (2016) stated that negatively sloped GDP of the country also reflects in the employment of the country as well. According to the figure 2, the falling GDP of the country shrank the economy increasing the frictional unemployment in the economy. In the case of Greece, the unemployment rate is not measured correctly as it does not include many types of individual in the overall labour participation of the country. Kaplan Menzio (2016) pointed out that it does not include the individuals who have stopped looking for jobs. Taking advantages of inaccuracy the individuals, despite not being unemployed claims the benefits from government increasing the burden of the government even more. Since the financial crisis in the year 2008, the overall GDP of Greece started to fall at a steady rate. Hence the long term problem of the country in terms of unemployment is increasing normal rate unemployment which has increased to 20.1% in the year 2016. Apart from that, the short run short run cyclical rate of unemployment is also there relating to the fluctuations in the business cycle of the Greek economy. The main reason for the unemployment in case of Greece is the lowered foreign investment in the economy. Job market shrank following the crises survived by the country in the year 2008. Therefore the shortage of demand for labour is the main cause of unemployment in case of this country. The government of the country, in order to increase the labour productivity, introduced the efficiency wage in the year 2009. However, as the theory suggests the unemployment of the country increased more than the increase in the productivity of the labour. Frictional unemployment is the major component of severe unemployment in case of Greece. Since the dip in the GDP of the country, the average time to get a job has increased and hence the frictional unemployment increased. Structural unemployment in Greece arose as the labour requirement for unskilled labour reduced. These unskilled labours were of no match for the existing technical jobs of the economy leading to an increase in the structural unemployment. Currently, the unemployment figure of Greece stands at 20.1% which is very high compared to the other nations of the world. It is in equilibrium only because of the presence of demand for skilled labours. It is recommended to the government to increase government spending against increased inflation as it would stabilise the unemployment rate of the country. Reference Farber, H. S., Valletta, R. G. (2015). Do extended unemployment benefits lengthen unemployment spells? Evidence from recent cycles in the US labor market.Journal of Human Resources,50(4), 873-909. Kaplan, G., Menzio, G. (2016). Shopping externalities and self-fulfilling unemployment fluctuations.Journal of Political Economy,124(3), 771-825. Kroft, K., Lange, F., Notowidigdo, M. J., Katz, L. F. (2016). Long-term unemployment and the Great Recession: the role of composition, duration dependence, and nonparticipation.Journal of Labor Economics,34(S1), S7-S54. Weiss, A. (2014).Efficiency wages: Models of unemployment, layoffs, and wage dispersion. Princeton University Press.

Building Effective Teams

Introduction Leaders need to build a strong team that can realise its goals by incorporating certain aspects of effective team building. Such aspects would ensure that the team is efficient and effective in its roles. In this context, team members must be aware of the objective of the team and specific periods for realising the set targets. A team must have a method of sharing responsibilities and leadership roles. This ensures accountability within the team. A team should have a clear purpose and concrete outcomes from inputs of its members.Advertising We will write a custom research paper sample on Building Effective Teams specifically for you for only $16.05 $11/page Learn More Effective Team Building A clear purpose is a characteristic of effective team building. All members of a team should agree on the team’s goals. Shared goals and responsibilities enhance team effort by providing a clear sense of direction. All members should contribute in formulating objectives (Mealiea and Baltazar, 2005). A clear purpose would ensure that all members of the team have clear roles and responsibilities. Moreover, other members will also support such roles and the purpose of the team. Team building requires definitive decision-making strategies. This eliminates challenges related to prolonged and unproductive discussions, which could hinder the team’s effort. A definitive process of making decisions ensures that all team members contribute, and they may resort to consensus to overcome contentious issues. Members must express their opinions and review all areas of disagreements. Building a team requires an open communication system. This allows members to exploit communication channels to express their opinions and offer relevant feedback, as well as share information among themselves. Communication must reach all members of the team. Moreover, it should be consistent through various channels of communications. This ensures that all members are up to speed on the team’s progress and setbacks. Effective team building requires shared leadership. In this regard, the team carries out leadership roles like â€Å"contributor, collaborator, challenger, facilitator, and controller† (Mealiea and Baltazar, 2005). These roles are not exclusively for the team leader. However, shared leadership roles will differ based on the prevailing circumstances and skills of members of the team. Moreover, different members may also have different responsibilities in leadership. This is a participatory style of leading a team. Team members can suggest various ways of improving team activities and services. Participation by team members in various activities enhances decision-making processes within the team. Members can also rely on the group participation to facilitate self-efficacy and development of new strategies. Listening and acknowledging contributions of other team members can facilitate building of effective team. Team members should discuss and formulate strategies for problem solving (Taggar and Brown, 2001). Members of a team could use listening to enhance interpersonal sensitivity and understanding. Listening ensures that all channels of communication within the team are open for contributions and criticism. Listening also facilitates interaction among members of the team.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Summary There are several approaches used in building effective team, but they depend on the prevailing conditions and characteristics of members. The role of the team leader remains imperative in ensuring a successful team that can realise its objectives. Leaders can only realise the overall purpose of the team if they have a clear framework that guides their roles and team activities. The framework should show a clear purpose of the team, decision-making strategie s, listening, communication channels, relationships, and shared leadership and members’ responsibilities among others. Building effective team requires action-oriented approaches and practical solutions to challenges associated with team building. References Mealiea, L., and Baltazar, R. (2005). A Strategic Guide for Building Effective Teams. Public Personnel Management, 34(2), 141-160. Taggar, S., and Brown, C. (2001). Problem-solving team behaviors: Development and validation of BOS and a hierarchical factor structure. Small Group Research, 32(6), 698. This research paper on Building Effective Teams was written and submitted by user Kali Kirk to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Preditory Nature essays

Preditory Nature essays The Internet offers an amazing array of options to everyone. However, with that freedom also comes danger. The advent of the Internet has given once reclusive and hard to find criminals a wide-open playground. The crimes perpetrated on the Internet range from victimless white-collar crime to serious and sometime violent cyber stalking. Girls, boys, women and men are all vulnerable to attack and exploitation. Some cases may only amount to simple verbal harassment, but others have led to a darker and final end...death. Hello, J how are you CUTEGal?...Im fine, how are you CyberGuy?...Oh, not bad I just got back from the lake, I was using my new Jet Ski...Really! I love Jet Skiing, of course my Mom thinks its too dangerous...Oh, its not dangerous its a ton of fun!...so you like Jet Skiing, by the way how old are you?...Im 15...Cool...my sister is 15 too, she went with us to the lake. Sounds innocent doesnt? Its just a couple of young kids talking on a chat line about Jet Skiing. If you look at their profiles you would find that CUTEGal is a 15 year-old girl who likes water sports, volleyball and boys. CyberGuys profile shows a 16 year-old boy who plays football and baseball, likes to go out with his friends and so on. However, CyberGuy is really a 38 year-old convicted pedophile in search of his next victim. What makes this even more unsettling is that this is not simply good narrative...it could be real. The details of similar stories will be explored further, but first it is important to look at some aspects of the Internet as it applies to cyber crime. We will review issues with cyber stalking and crimes against children, other associated crimes both on and off the Internet, what the government and local authorities are trying to do, and some real-life examples of what happens when thin...

Service Industry in Context - T-Mobile Research Paper

Service Industry in Context - T-Mobile - Research Paper Example As of the recent times, the company has generated revenue of around 14.8 billion by the process of handling its operations with an employee strength of over 34,500 employees (Deutsche Telecom, 2012, p. 18). The company’s planning and strategy based operations are initiated from the US based headquarters which is located in the Bellevue area in Washington. Talking in terms of customer statistics, it can be said that the company offers it product and service offerings to around 33.3 million customers in the US, by using technology platforms like the GSM, UMTS etc (t- mobile.com – b, 2012). The well known and highly reputed global telecom company has a wide array of products and services that appeal to customers around the world. Talking in regards to the product portfolio offered by the globally reputed telecom company, the company manufactures and markets telecommunication devices of latest technology like the Smart phones, Windows phones as well as the smart phones of v arious well known global mobile companies. The company’s product offerings also comprises of various other technological devices like the tablets, headsets, mobile chargers etc (t- mobile.com – c, 2012). In the US, the company is a national level service provider whose service offerings for the US market comprises of various essential and useful telecommunication services like voice, wireless messaging as well as high speed data service. (t-mobile.com – d, 2012). The company’s service portfolio comprises of data communication plans for mobiles and computers, which are highly segmented to suit the individual needs of the customers on the basis of their consumption usage. The company also provides high speed data connectivity services like the Broadband services as well as 4G services to the customers located in the United States. In an attempt to provide a significant amount of value to the customers, it can be said that the company has also focused on the process of eliminating the charges of the mobile devices with regards to the data plans and thereby providing and promoting more transparency in the pricing plans of their services to the customers. Talking in terms of financial performance of the company in the recent times, it can be said that the company generated a revenue total of around $4.9 billion in the sales of telecommunication equipments in the third quarter of this year, which is an increase of around 6.4% while calculated on a year on year basis. The company also recorded revenue of around $4.3 billion in terms of total service revenue for the third quarter of this year. Talking in line with the average revenue per user (ARPU), it can be said that the company generated $27.35, which is an increase of over 12% on a year on year basis. The average revenue per user recorded an increase because of the significant rise in monthly 4G subscriptions by the customers. The company apart from providing a stellar performance in t erms of revenue generation in the third quarter of this year has focused on the process of developing the customer base of the company in a move to achieve significant operational efficiency of the company. As a result, the company has recorded

Describe the symptoms, diagnosis, treatment and prognosis of chronic Essay

Describe the symptoms, diagnosis, treatment and prognosis of chronic leukemia - Essay Example This is when leukemia cells grow more rapidly. One of the most common symptoms of chronic leukemia is swollen or enlarged lymph nodes. Other symptoms include fever, bone pain, weight loss, night sweats, reduced immunity, abdominal discomforts, and fatigue among many others. In the initial diagnosis, key factors include lack of significant circulating blasts, frequent thrombocytosis, and mild anemia. Chronic leukemia patients exhibit a cytochemical abnormality, characterised by low leukocyte alkaline phosphatase (Schiller 2003). A record of low leukocyte alkaline phosphatase is associated with relatively low levels of granulocyte colony- stimulating factor. Additional laboratory features include elevated elastase and uric acid levels. However, in order to confirm the disease, a bone marrow aspiration and biopsy is required to all patients considered to have chronic leukemia (Wiernik 2001). This helps not only to verify the diagnosis, but also to offer some essential information concerning the stage of the disease. In general, patients with chronic leukemia are diagnosed with immature leukocytes in their blood, and include increased number of white blood cells taking abnormal shapes (Skeel and Khleif 2011). However, the red blood cells and platelets tend to appear to be less than the normal quantities. Due to its nature of slow progression, chronic leukemia may not call for immediate treatment. However, it is vital for persons with this type of leukemia to seek frequent check ups for proper monitoring of the disease (Moini 2012). Nevertheless, there are five stages involved in treatment of this type of leukemia: chemotherapy is one of them and it is used to kill leukemia cells, which involves use of anti-cancer drugs (Swearingen 2008). Radiation is also used to kill cancer cells, which involves exposing them to high-energy radiation. Interferon therapy is

An Introduction To The Philippines

An Introduction To The Philippines The Philippines is an island nation located in the Malay Archipelago in Southeast Asia. It has 7107 islands. And has a total area of 300000 square kilometers. At the north side of Philippine the Taiwan is located. At the east side the Pacific Ocean, Indonesia and Malaysia at the south and South China Sea at the west. The capital city of Philippines is Manila which is located in the island of Luzon at the northern part. The total population of Philippines is 98 million. The climate of Philippines is tropical. The culture of Philippines is influenced by Spanish and Chinese. Most of the people having also Spanish surnames. It has generally west European culture, people of Philippines are Christian. Islam is more popular in island of Mindanao. The Philippines has developing economy with agricultural and service sector base. The poverty line is 40% it means 40% of the population remain be poor. The large trading partners of the Philippines are the US and Japan. Philippines is a presidential unitary republic with the president at the apex, as the head of state, the head of government and the commander in chief of the armed forces. He is elected by popular vote, every 6 years. Government policies are design to promote industrial development. 1.1 ECONOMICAL ENVIRONMENT : Economic environment of business has reference for economic systems to operate the business. The business sectors also continue economic relations with govt, capital market, worldwide and households sector. It would affect the trends and formation of the economy. The outer factors that influence with the following points. Economic Conditions :- The economic circumstances are safe in the country. Per capita income, national income, allocation of income and assets, Economic resources, economic growth etc are also affected to prepared the business strategies. Economic growth and business cycle are easily defined the economic environment. System :- The economic system also impact on business endeavor. Economic system of a Philippines also considered socialist, capitalists, mixed or communist. Economic Policies :- The government also decided budgets, economic planning, economic industrial regulation, law of business. Industrial guidelines to control on price and wages, trade and transportation polices the size of national income, demand and supply of different merchandise. Economic Growth :- The economic growth impacts the strategies of business. It helps in rising the economic growth and expenses in consumption. It provides opportunities to the industries for the expansion. v. Currency Exchange :- Current exchanges have direct impact on the environment of business. The rupee was devalued in1991. The Indian products cheaper in the world market and boost exports of India. ECONOMIC CONDITION 2.1 GDP of Philippines : The GDP growth rate provides an aggregated measure of changes in value of goods and services produced by an economy. The GDP growth rate of Country from 1998 to 2012 is average 1.08%. The domestic economy accelerated in the second quarter of 2012 to 5.9% from 3.6%. The earlier year boosting the first semester growth to 6.1% from 4.2%. The resilient Services sector remained the main driver of growth supported by the sustained growth of manufacturing and the return of construction. Philippines is a recently industrialized country in the Southeastern Asia. The most important industries of Philippines are food processing, textiles and garments, automobile parts and electronics. Philippines have also treasury of chromites, nickel, copper, coal and newly discovered oil. Philippines GDP Growth Rate This chart is all about the past data for Philippines growth rate. [Source: http://www.nscb.gov.ph/sna/2012/2nd2012/2012qpr2.asp] 2.2 Per Capital Growth in Philippines : In 2011, it was at 1.98% in Country and it was published by World Bank report in 2012. The Growth rate of GDP per capital depends on continuous local currency. The GDP Divided by Mid Year Population. The GDP of Purchasing Price is total of all resident products in economy (+) product taxes (-) any subsidies which is not included in value of the product. This is calculated without making deduction for depreciation of fictional assets. It includes a chronological chart, news and estimate for GDP. In Southeastern area of Philippines is newly industrialized country. Philippines Predicting food processing Textiles and Garment, Electronic and automobile parts and also significant reserve of Chromate, Nickel, Copper, Coal and Recently Discovered Oil. [Source: http://www.kedingeconomics.com/philippines/GDP.Per.Capitagrowth.Annual.Percentwb.data.html] 2.3 PPP Philippines : Philippine has long familiarity with public-private partnership, initiatives and serves as future investment with aggressive PPP promotion. The Government is to attract private partners to invest only in traditional infrastructure Projects like Power, Transportation and Water Sectors and in Non-Traditional Infrastructure similar to information and communications technology, health and property development. The Partnership addressed in 1990s and it help out to improve road network quality, transport linkages and social Services. [Source: http://www.ppp/gove.ph/] 2.4 International Reserve : Countys beginning gross global reserve is significantly increased up to US $79.3 Billion in July.BSP Governor Amando Letangco said that foreign reserve were US $3.2 Billion higher than GIR of US $76.1 Billion, The Level of GIR Increased in end of July, Due to Foreign exchange operations. The funds of the Country are deposited in foreign currency. The Philippines acquire income from investment in a foreign country of the BSP and gain revolution on BSP gold holdings arising from increase in price of Gold in global Market. The Import of goods and payment of services and income adequately cover in 11.7 months and also corresponding 10.7 times. Philippines short term outer debt based on original maturity. [Source: http://www.sunstar.com.ph/breadkingnews/201208/] ECONOMY OF PHILIPPINES Population : 95.9 Million GDP (PPP) : $351.4Billion : 6.1% growth in 2012 : 5.5% 5-year compound annual growth : $4,700 per capita Unemployment : 7.3% Inflation (CPI) : 3.60% FDI Inflow : $1.7 billion for 1st Half Quarter 1 Peso : 1.3134 Rupee and 0.0243 Dollar The Philippines ranks 19thout of 41countries in the Asia Pacific region. And 44th the biggest economy on the earth. According to HSBC estimates. The stock market is one of the best performers in the region. The peso reached a 4 year high against the dollar about the same time. Economy has been on a solid path of economic expansion. The govt. has pursued a series of governmental reforms to increase the industrial environment and build up private sector for reduce unemployment. But regulatory efficiency has been not improved. And over last 5 year the economy has been develop at average annual rate of 5%. Rule of Law : The rule of law is not on level and authorized structure is poor in independence and efficiency. The judiciary is independent but there is political interference. There is some progress due to government anti corruption efforts to eliminate corruption and fix efficiently. Limited Government : Government spending Spurs on 6.4% growth in 1st Quarter. Taxable Income Tax Rate More than But less than 0 P10,000 5% P10,000 P30,000 P500 + 10% of the Excess over P10,000 P30,000 P70,000 P2,500 + 15% of the Excess over P30,000 P70,000 P140,000 P8,500 + 20% of the Excess over P70,000 P140,000 P250,000 P22,500 + 25% of the Excess over P140,000 P250,000 P500,000 P50,000 + 30% of the Excess over P250,000 P500,000 P125,000 + 32% of the Excess over P500,000 in 2000 and onward Corporate tax rate is 30% and Regional are taxed at 10% on taxable income. The VAT an environmental tax with overall tax is 12.8% of total domestic income. If any taxpayer fail to pay VAT component in the sales invoice or official receipts shall be penalized as : Fine of not less then P1,000 but not more than P50,000 and Suffer custody of not less than 2 but not more than 10 years. Regulatory Efficiency : The business regulatory environment has improved considerably. Although launching a business still takes more than the world averages of seven procedures and 30 days, the overall process has become less costly. The time and cost involved in dealing with licensing requirements have been notably reduced. The labor market remains structurally rigid, but existing regulations are not particularly burdensome. Inflation is modest. Open Market : The trade weighted average tariff rate is 4.8 percent, and layers of non-tariff barriers further inhibit more dynamic gains in trade. Despite a strong desire to attract longer-term foreign investment, systemic inefficiency exacerbated by heavy bureaucracy discourages dynamic growth in investment. The financial sector, which is gradually modernizing, remains relatively stable and sound. [http://www.heritage.org/index/pdf/2012/countries/philippines.pdf] ECONOMIC POLICIES 4.1 Monetary Policy The international Monetary Fund will look into the countrys progress on the monetary and fiscal policy and assess the 2 year old Aquino administration by short staff visit which is commence. The most accurate forecasters agree on that Monetary authorities are trying to control foreign investment in the Peso arguing that Asias best performing currency has strengthened too much. The economic momentum has built up from decreasing of monetary policy may boost the country is growth in2012 is 5.8% and up to 7 % is 2013. And the govt.s success in containing the budget deficit has been given monetary authorities considered liberty. In 2011 the govt. incurred a budget deficit of 197.8 billion which was less than two third of 2010. The size of economy in overspending in 2011 comprised only 2% less than 3.5% recorded in2010. The debt stock of 2011 settled at P4.95% trillion or 50.9% of gross domestic. [http://business inquirer-net/49369/bsp-monetary-policy-expected-to-push-up-ph-economy] 4.2 Fiscal Policy : The Philippines long term foreign currency credit rating raised from BB to BB+. It kept rating outlook at stable. According to Presidential spokesman Ricky Carandang the Philippines can still afford to undertake public spending without put in to danger its overall financial position. And the govt. doesnt want a strong peso to delay competitiveness of exports. The Philippines economy grew by 6.4% in 1st quarter, it is one of the highest in Asia and upgrade is a vote of confidence for the country. According to finance secretary Cesar V Purisima, that this gives more confidence to continue with the work towards macroeconomic stability, fiscal sustainability and inclusive economic growth. [http://www.philstar.com/Artical.aspx?article Id=824407 publication Sub Category Id=] 4.3 Deficit Policy : The Financial Secretary Cesar Purisima said that the govt. spent P19.90 billion and the deficit was manageable, expressing, confidence the full year fund shortfall would staying within 2.6% of GDP or P279 billion. The govt. continued rise in revenue collections so that the fiscal position remains under control. So this wide fiscal space will gives the advantage to finance infrastructure projects and social programs that curb poverty and promote equality. Jan-May deficit P22.79 billion. The govt.s self imposed 1st half ceiling of P109.34 billion and it spent P668.43 billion in 1st five month of year up 13.1% compared to last year. And revenues reached P645.64 billion. For May revenue grew 9.4% to 131.4 billion while spending reached P151.3 billion. Purisima said that the govt. is committed to reach its 5.6% growth in 2012 and recorded 6.4% expansion in 1st three month. The Philippines suffered a P 197.8 billion budget deficit last year which is equivalent to 2% of GDP. [http://business-inquirer-net /67459/Philippine-budget-deficit-shoots-up] 4.4 Foreign Trade Policy : According to the Global Enabling Trade Report 2012, the rank of Philippines is 72nd out of 132 countries. It measured the factors, policies, services, areas of market access, border administration transport and communication infrastructure and business environment. In the area of market access the Philippines jumped 14 from 64 and in terms of efficiency of import-export procedure it looks 48 spot from 55. And access to imported inputs at competitive prices identifying potential market and buyers corruption at the border and other concerns it places 62 out of 132 countries. The trade chief attributed the countrys improvement in ranking to the debt of Trade and Industrys effort to facilitate trade across borders like the Doing business in Free Trade Areas an awareness campaign has aimed to help stakeholders into understand new markets and instruments like free trade agreement. It reforms to improve the ease of doing business in country through the Philippines. Business Registry (PBR) and Business permits and license streamlining (BPLS) programs for local govt. [http://businessinquirer-net/63369/Philippines-climbs-20-nitches-up-in-business-destination-ranking] 4.5 Balance of Payment : The inflow of foreign currency exceeded than the outflow in Feb and Philippines balance of payments hitting a surplus of $588 million. BOP is recorded of the countrys commercial transaction with the rest of world. It helps beef up the countrys total reserves of foreign exchange or gross international reserves (GIR).It stands at a record high of $78 billion. According to economist the unfavorable global economy that investors have tendency to pull out funds from emerging markets like Philippines. So it create depreciation pressures on local currencies. But with enough reserves of foreign exchange the Bangko Sentral ng philipines can buy pesos and reduce its depreciation and it will hit a surplus of at last $2.8 billion by end of 2011. Due to increase in employment in US an economist said that it would lead to increase in demand for imported goods from Philippines. [http://bus.inquirer.net/50127/bsp-balance-of-payment-stood-at-surplus-in-feb] GLOBAL INTERNATIONAL ECONOMICAL GOVERNMENT 5.1 Import : Philippines import were worth 5101 million USD in June of 2002 until 2012,Philippines averaged imports 4155.20 million USD reaching an all time high of 5848.00 million USD in July of 2008 and low record of 2226.00 million USD in January of2002. Philippines imports mostly considered electronic products, mineral fuel, industrial machinery and equipment, transport equipment, lubricants, steel and iron. Mostly import partners are Japan, china, Singapore, South Korea, United States. Here we include the chart with historical data for Philippines import. Philippines Imports [http://www.tradingeconomics.com/philippines/imports] Export : Philippines exports were worth 4314 million USD in June of 2012. From 2002 until 2012, average export of Philippines 3681.10 million USD reaching an all time high of 5325.00 million USD in September of 2010 and record low of 2506.00 million USD in February of 2009. Major exporter of electronic products like processors, chips, and hard drives (more than 50% of total exports revenue) and other major exports include apparel and clothing accessories, wood crafts, coconut oil and furniture. Philippines major export partners are United States, Singapore, Japan, Hong Kong, china. This page includes a chart with Philippines historical data of Philippines exports. Philippines Exports [http://www.tradingeconomics.com/philippines/exports] 5.2 Corporate Income Tax : The domestic and foreign resident corporations income tax rate in Philippines is 30%, based on net taxable income. Domestic company payable company tax on all income derived from sources outside and within the Philippines. Foreign corporations, whether resident or non-resident are taxable on income derived from sources within the Philippines. Non resident foreign corporations are ,in certain circumstances, subject to a final withholding tax on passive (investment) incomes at rates higher than the applicable tax rates applying to domestic and foreign resident corporations. Resident companies are created or organized under the law of Philippines or foreign companies licensed to engage in business or trade in the Philippines. The corporate income tax rate for domestic and foreign resident corporations is 30%, income tax excluded from are dividend received from domestic corporations, interest on Philippines currency bank deposits and other monetary benefit from deposits substitutes and trust funds and arrangements and final taxes, interest income derived from the foreign currency deposits is include final tax of 7.5% ,other interest earned by domestic and foreign resident corporations is included 20% final withholding tax. Special economic tones enterprises registered with economic tone authority are taxed at the rate of 5% on gross income in lieu of national and local taxes and real property tax. Gross sales or gross revenue derived from the business activity within the Ecozens, sales returns, net of sales discount and allowances less the cost of sales or direct costs but before deduction made for expenses of administrative and losses during the taxable period. [http://www.quezoncity.gov.ph/index.php?option=com_contentview=articleid=226Itemid=347] India 2005-36.59 2006-33.66 2007-33.99 2008-33.99 2009-33.99 2010-33.99 2011-32.44 2012-32.44 The corporate tax rate is 32.445% .Domestic companies tax rate is 30%, profits from life insurance business in India are taxed at the rat of 12.5%.foreign companies are taxed at the rate of 40%. A minimum alternate tax (MAT) is levied at 18.5% of adjusted profit of companies. The tax payable is less than 18.5% of book profits. Dividend distributed from domestic company. Surcharge and education cess is above taxes is applicable.5% surcharge in case of foreign companies is applicable. The total income is in excess of INR 10 million. Education cess of 3% is applicable on income tax plus surcharge wealth tax is imposed at a rate of 1% on the value of specified assets held by the tax payer in excess of basic exemption of INR13million.transaction tax of securities transactions in equity shares and units of equity oriented funds. [http://www.kpmg.com/global/en/whatwedo/tax/tax-tools-and-resources/pages/corporate-tax-rates-table.aspx] HOW ECONOMIC ENVIRONMENT OF PHILIPPINE AFFECTS INTERNATIONAL BUSINESS? The Philippines has certainly had a steady flow of positive economic news recently. On July 4, Standard Poors raised the countrys debt rating to just below investment grade, the highest rating for the country since 2003 and equivalent to that of Indonesia. The Philippines is the 44th-largest economy in the world today, according to HSBC estimates. But if current trends hold, it can leap to the No. 16 spot by 2050. The Philippine stock market, one of the best performers in the region, closed at a record high after the recent S. P. rating upgrade, and the countrys currency, the peso, reached a four-year high against the dollar at about the same time. With $70 billion in reserves and lower interest payments on its debt after recent credit rating upgrades, the Philippines pledged $1 billion to the International Monetary Fund to help shore up the struggling economies of Europe. The gross domestic product of the Philippines grew 6.4 percent in the first quarter, according to the countrys central bank, outperforming all other growth rates in the region except Chinas. Economists expect similarly strong growth in the second quarter. We have made a very bold forecast for the Philippines, but I think justifiably so, said Frederic Neumann, a senior economist at HSBC in Hong Kong. A high population growth rate, long considered a hindrance to prosperity, is now often seen as a driving force for economic growth. About 61 percent of the population in the Philippines is of working age, between 15 and 64. That figure is expected to continue increasing, which is not the case for many of its Asian neighbors, whose populations are aging. 6.1 Trade Economy : The GDP per capita growth (annual %) in Philippines was last reported at 1.98 in 2011, according to a World Bank report published in 2012. Annual percentage growth rate of GDP per capita based on constant local currency. GDP per capita is gross domestic product divided by midyear population. GDP at purchasers prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. This page includes a historical data chart, news and forecats for GDP per capita growth (annual %) in Philippines. Philippines is a newly industrialized country in the Southeastern Asia. The nations most important industries are food processing, textiles and garments, electronics and automobile parts. Philippines also has significant reserves of chromite, nickel, copper, coal an d recently discovered oil. In addition, the Philippians economy relies on remittances as a source of foreign currency. philippines gdp per capita growth annual percent wb data 6.2 Domestic Price : The Philippine domestic economy shrunk to 3.7 percent in 2011, after a stellar growth of 7.6 percent in 2010. Growth was mainly undermined by the severe state under spending as well as the frail external environment. Outlook for 2012 is relatively sanguine with the government hinging its optimism on robust consumer demand and a more vigorous public spending. However, downside risks to growth persist with the global recovery poised to remain slow and uncertain. 2011 domestic economy tepid at 3.7%. The Philippine domestic economy grew by 3.7 percent in 2011, almost half of its 7.6 percent growth in 2010. The growth is within the latest forecasts of the National Economic and Development Authority (3.6-4.0 %) and the International Monetary Fund (3.7%). However, the growth figure is well below that assumed by the Development Budget Coordination Committee (4.5-5.5%), Asian Development Bank (4.7%), and the World Bank (4.2%); and is significantly off the growth target of the Philippine Development Plan (7.0%). Notable is the countrys poor economic performance relative to its neighbors. Except for Thailand, most Asian economies registered higher gross domestic product (GDP) growth rates than the Philippines in 2011. Gross national income (GNI)1 likewise slumped to 2.6 percent from 8.2 percent in 2010. This resulted from the significant contraction of net primary income (NPI),2 which slowed to a negative 0.9 percent, a turnaround from the 10.0 percent growth in 2010 6.3 Labor Force : Unemployment down to 7%. The countrys labor force numbered at 61.9 million in 2011. Of this number, 2.8 million were unemployed registering an unemployment rate of 7.0 percent. Moreover, the service sectors share of total employment increased from 51.8 percent in 2010 to 52.1 percent. Agriculture accounted for 33.0 percent of the employed while industrys share was 14.9 percent. Although the economy managed to generate more than one million jobs in 2011, the quality of employment is still a concern given the substantial increase in the underemployment rate as well as in the number of unpaid family workers. Latest data showed that the underemployed numbered at 7.2 million 6.4 Inflation : Headline inflation is within target. Headline inflation averaged 4.8 percent in 2011, well within the 3.0-5.0 percent inflation target for 2011 but higher than the 3.8 average recorded in 2010. A rise in the prices of food items had been recorded mainly due to the adverse effect of typhoons on agricultural food supplies. Core inflation,3 on the other hand, averaged 3.6 percent The government is particularly bullish on having higher investments in 2012 as investment pledges registered with the Philippine Economic Zone Authority surged by 47 percent in the first two months of the year. The PSEis breaching of the 5,000 mark for the first time in March 2012 is also said to bode well for the equities market. Likewise, private construction, particularly in the property subsector, is anticipated to remain robust given the upward momentum in office demand and investments in low-cost housing. Demand for commercial spaces will continue to be buoyed by the BPO sector, the revenues of which are slated to grow even further this year by 20 percent. The residential sector is also expected to receive continued support by the robust demand from families of overseas Filipinos. Consumer spending will similarly be sustained by the favorable inflation outlook and the continuous inflow. 6.5 Unemployment Rate : Unemployment means the number of people actively looking for a job divided by the labor force. Unemployment depends on the number of non-employed people who found the job and the people who lost their current job. Unemployment related to labour force, participation rate and employment rate. The unemployment rate of Philippines is 7.2 % which we can show that in the graph. 6.6 Private Sector Development : The stimulus package presented by Gloria Macapagal Arroyo is known as the economic resiliency plan. The package included personal income-tax relief for low- and middle-income earners, reduction in corporate income tax, higher social spending on cash transfers and job-creation schemes, as well as a series of infrastructure projects. Although the reforms were not entirely new, the package led the Philippines to being acknowledged as Asias more socially responsible stimulus plans thanks to its focus on agriculture and social services that directly benefit the poor population. The fall in agricultural commodity prices helped support personal disposable income. As a result personal household budgets were minimally effected. The social component in their reforms may be credited with the largest impact due to the focus on poverty. The Philippines must sustain the reform movement in order to spur investments, increase growth, generate higher employment, and alleviate poverty for the fast growing population. Their reforms have already generated 34 consecutive growth quarters, created 8 million jobs, and maintained the lowest inflation in a generation. Most importantly poverty has decreased while revenue increased and has allowed the nation to invest in human and physical infrastructure. With sustained reform and their economic resiliency the Philippines may soon be a prime investment opportunity in uncertain world economic and financial conditions.

Identification of Bloodstain Patterns

The analysis of bloodstain patterns can be a decisive part of a forensic investigation. The patterns of bloodstains may concur with or challenge the sworn statements of witnesses, victims, and suspects. Such bloodstain patterns simply identify the source of the blood and the direction of the blood’s flight path, but during the process, the events of the crime can be reconstructed with reasonable accuracy. Unfortunately, the old method of analyzing bloodstain patterns, which uses strings, requires much time and effort. It is also subject to human error.To reduce human error, mathematical calculations are used instead, along with a computer software program known as Back Track. Yet, a three-dimensional representation of the results of bloodstain analysis will be more convincing in any court representation. Therefore, in an effort to revolutionize this aspect of forensic investigation, a concerted effort by four researchers from three agencies, Ottawa Police Service, Carleton Uni versity and Royal Canadian Mounted Police, was conducted using the AutoCAD software. The researchers were Kevin Maloney, A. L.Carter, Scott Jory, and Brian Yamashita. The results of their studies were reported in an article published by the Journal of Forensic Investigation, in 2005, volume 55, issue 6, and pages 711 to 725. The article attempts to demonstrate how the combined use of AutoCAD and Back Track programs can create three-dimensional representations of a bloodstain analysis. Summary and Critique The overall purpose of Maloney, Carter, Jory, and Yamashita is to explore the possibility of creating a three-dimensional representation of an analysis of bloodstain patterns.They utilize a simulated crime scene that is typically used at the Canadian Police College. The choice of this crime scene is to have known bloodstain patterns with which the results of the combination of Back Track and AutoCAD can be compared. Both the impact angles and the glancing angles of the bloodstain t rajectories were incorporated into the program. The comparison shows that the computerized calculations of virtual strings created by the Back Track program match the known location of the blood source, with an average error of six centimeters only. These results prove the precision abilities of the said software.However, a major weakness of this study is its unquestionable reliance on the Back Track program. This program has many limitations and it was even pointed out later in 2006 by Andy Maloney (the relationship to one of the researchers is not described). For example, the Back Track is incapable of computing angled surfaces (Maloney, 2006). Yet, despite the limitations, the efficacy of using the program is grounded on established theory and supported by experimental validation (Carter, 2001). There would be expected errors but these are assumed to be insignificant in the overall investigation.At the same time, the software is known to undergo updates and modifications. The gre atest strength of this research is the launching of a better interface between the laboratory science of the forensic team and the assessment abilities of the court. The AutoCAD program has a feature that locks the virtual strings and enables any user to view them from different perspectives. The three-dimensional representation of the analysis of bloodstain patterns is, as the researchers concluded, â€Å"extremely useful in court presentation† (Maloney, et. al. , 2005, p. 724).This article, as well as the research study that it describes, can be considered as a milestone towards a revolutionary aspect of bloodstain pattern analysis. Instead of numbers presented in tabular form or in picture graphs, the results of the analysis can be presented in three dimensions. In three dimensions, the court presentation becomes more realistic, more convincing, and more enlightening, such that the jury can make better assessments. But this article, as far as the advances in forensic scien ce in general and in bloodstain pattern analysis in particular go, can be considered somewhat obsolete.There are now new software or computer programs that can be utilized to produce the same three-dimensional results (Kanable, 2006). This means that in conducting an analysis of bloodstain patterns, a forensic investigator has other options, aside from the combined use of the Back Track program and the AutoCAD. But this wider range of technological tools does not detract from the greatest significance of this article. This article, in great detail and with diagrams, shows how the observed and calculated data are translated into three dimensions. Thus, this article is a recommended reading for every forensic science student.Bibliography Carter, A. L. (2001). The directional analysis of bloodstain patterns theory and experimental validation. Canadian Society of Forensic Science, 34 (4), 173-189. Kanable, R. (2006). HemoSpat: New bloodstain pattern analysis software to hit the market. Law Enforcement Technology, August issue. Retrieved September 28, 2007 from the website of Officer. com at http://www. officer. com/publication/article. jsp? pubId=1&id=32890 Maloney, K. , Carter, A. L. , Jory, S. , & Yamashita, B. (2005). Three-dimensional representation of bloodstain pattern analysis. Journal of Forensic Identification, 55 (6), 711-725.