Factors behind Economic Growth in Hong Kong and Singapore Essay

There are many similarities between Hong Kong and Singapore. Both countries enjoy high economic growth rates for the past three decades, they are known as â€Å"East Asian Tigers† because they made a transition from poverty to Newly Industrialized Economies (NIE’s) in a very short period of time. Both Hong Kong and Singapore were British colonies with both legal and administrative systems of their former colonial powers. They are the busiest ports in the world in terms of throughputs. They have climbed the industrial ladder and are now important international financial centers because of their reliance on trade since 1960’s (Kim. t al 1994). In addition both cities are densely populated since land is scarce and land together with property prices is very high. These two cities are known for being fee traders with few restrictions on trade and capital flows which many a times are Gross Domestic Product (GDP). In Hong Kong the state owns all the land whereas in Singapore the state owns four fifths of the total land. Consequently both cities capture economic rent primarily by nationalizing land and leasing it out. While the state owns much of the land in Singapore and the sole landowner in Hong Kong, the inefficiencies that could result from state ownership are taken care of through the creation of markets for state, land and property leases. Meanwhile the public leasehold system where the state is the major role player in land use, planning and resource allocation works very well in both cities since the public sector institutions of both are efficient and non-corrupt. These institutions in both countries benefit from adequate checks and balances, merit-based recruitment and pay scales which are high enough to reduce the temptation to corruption. In conclusion, there economies are widely believed to be the most economical free in the world are these economic freedom emanates from the governments â€Å"hands-off policy† which allows for flexibility and renovation of any given industry in a very short time. Both countries also have very little available land and very few natural resources therefore importing most of their food and raw materials equally most of their exports consists of re-exports which are products made outside their territories.

Applying economic analysis ( Cost Effectiveness Analysis) to Alzheimer Essay

Applying economic analysis ( Cost Effectiveness Analysis) to Alzheimer bills and to school lunch program - Essay Example In CEA the relative costs and the outcomes are evaluated for two or more itineraries of action. This kind of analysis is divergent from cost-benefit analysis, which dispenses financial value to the appraise of effect. Normally the CEA is articulated in requisites of a proportion where the denominator is a put on in health from an evaluation and the numerator is the outlay allied with the health put on. The chiefly used upshot evaluate is quality-adjustment life years. The theory of cost effectiveness is practical in organization and preparation of many of sort of prearranged activity. It applicable to many aspects of life. In Alzheimer’s tab, for instance, that was ascertained by the secretary of health and human services (National Alzheimer’s project) to generate and sustain an integrated national plan to surmount Alzheimer’s disease and related dementias. The policies stipulated in the bill was intended at cutting down on the health care cost to the citizens of the federal state. The early diagnosis and acceleration of preventive procedures was found to be a little bit cost-effective compared to the treatment actions (Clyne, 2002 p 17). Cost-minimization is functional when evaluate drugs of equal acceptability and effectiveness. Therapeutic similarity must be oriented by the instigator carrying out the study preceding the cost-minimization exertion. As equal efficiency and equal acceptability is already established, there is no necessity finding a universal effectiveness denominator as study on cost-effectiveness would have demanded. All costs have to be measured when conducting a cost-minimization study together with resource expenses intrinsic to the liberation of the therapeutic intrusions and that are germane to the pharmacoeconomic perception. In the Alzheimer’s bill, for instance, the costs of alternative therapies can be compared to the Alzheimer’s disease treatments and

Crim230 Assignment Example | Topics and Well Written Essays - 250 words - 1

Crim230 - Assignment Example The Supreme Court affirmed the court’s decision. I obtained the information on the case from the Westlaw website, an online legal research service. The case is significant to criminal justice system as it questions the application of the peremptory challenge by the prosecutor in criminal cases. The prosecutor’s reliance on the peremptory challenge in discharging off the four black venire men questioned whether the prosecutor used the sole basis of race to strike them off the venire. The Supreme Court’s affirmation of the court’s decision indicated that the peremptory challenge could not be used solely on the standard of race to exclude jurors (Reuters 10). My role in the case is that of prosecutor and i am advocating for the conviction of the defendant based on the charges forwarded against him. I am also advocating for the striking off of the four black venire men from the jury in line with using my peremptory

A River Sutra Essay Example | Topics and Well Written Essays - 500 words

A River Sutra - Essay Example The man had been tutored by her father and had promised to marry her after he had learned his music. A young executive who worked at a tea company lives a wasteful life until he meets a young woman called Rima and falls in love with her. The woman puts a spell on him and he becomes insane. He goes to the river and makes a mud image of goddess and he regains his sanity back. In summary, the river offered love and life to all the people. The other theme the author reveals in the book is misery. The people who visit the river experience suffering and seek happiness. The monk, despite being wealthy, is not satisfied in his life. He had lived a poor life and he sought something more from life. Mohan is taunted and sneered by his wife for being poor. He takes a young boy, Imran who sings beautifully but the wife sells the young boy to a master for five thousand rupees. The master slits the boy’s throat and Mohan commits suicide afterwards, his life has been full of suffering. It is clear that the people have different beliefs regarding the river. The people who pay pilgrimage believe the river is one of the holiest in India. However, it is a paradox that the river means ‘whore’. The archeologists who conduct a dig in the river wonder about the immortality of the river and makes fun that the people believe that it is sacred. Therefore religion is a complimenting theme in the book. People from various religious backgrounds such as Muslims, Hindus and Jain monks pay pilgrimage to the river. .The stories reveal that man must undergo suffering in order to attain perfection of power from the river. This is portrayed when the archeological professor Shankar realizes he is the Naga Baba that rescued Umi from a brothel as an ascetic and immersed her in the river for cleansing. In conclusion, the stories in the book link love forgiveness and happiness to each individual’s belief. Regardless of their different religious beliefs, the river

Intellectual Heritage Essay Example | Topics and Well Written Essays - 1000 words

Intellectual Heritage - Essay Example The three major religions of the World, Bible, Quran, and the Baghavat Gita, have a similar notion about the relationship between God and Man. They observe Human Beings in terms of men and women created by God with an intentional duty on earth. Bible says God created human beings form his breath and the dust form earth. The trees in the garden called paradise reveal the relationship between God and man. The command given by God to the first man shows the relationship between God and human, that human is God’s attendant given to the earth to fulfil the purpose of God. In the sense, God is the dictator and man need to obey in order to keep the earth always a paradise. This sounds almost similar with that of Bhagavat Gita, in which Lord Krishna exemplifies the supreme Goal of God in terms of Yogas such as Raja Yoga , Bhakthi Yoga, Karma Yoga and Janana Yoga representing the meditation, devotion, selfless action and accumulation of knowledge respectively. Brahma is considered as the foremost God of creations. The supreme soul or paramatma is said to be found in the hearts of all human beings. If Brahma is the impersonal energy ruling the Universe, The paramatma form of God living in every body’s heart takes the transcendental form of God. As far as Good living is concerned man should follow Dharma or honesty, this is what Quran and Bible also insist. It man’s individuality ad true self could be realised by understanding the purpose governed by God to man [in Bible and Quran],then according to Bhagavat Gita the same is achieved in terms of self realisation which in turn reached by understanding the supreme existence of paramatma in every body. Freedom is looked upon in different aspect. Bible talks of freedom given to man with a certain restriction imposed by God. When God allows human beings to look after the Garden, He also makes a restriction that they should not touch the fruit of Knowledge. Quran, emphasises on man’s duty to

Engineering Essay Example | Topics and Well Written Essays - 250 words - 1

Engineering - Essay Example The design goals included; employment of a set of special green concrete mixes that set forth at most seventy percent cement substituting materials while meeting the recommendable requirements. At the same time, the concrete’s delaying set-time is not compromised. It was thus necessary for the associated carbon emissions from the concrete per cubic yard to be reduced, a requirement the concrete supplier had to fulfill. The building’s uniqueness is also drawn from the test to which the mix designs for the concrete were put at commencement of the construction. Concrete, estimated at five thousand cubic yards was utilized in placing the mat foundation, employing a mix in which seventy percent is cement substituted material with the recommended strength being eight thousand psi. These specifications were the same requirements adopted for the columns of the building as well as shear walls. The experts came up with a unique mix design for elevated slabs in order to meet certain light reflectance capacity. It is imperative to note that, also uniqueness is achieved by the reduced height of the concrete floor-to-floor which allowed for the addition of an extra floor to the initial set twelve floors. The sun blocking beams were as well eliminated by the structure. The latter designs culminated in half of carbon dioxide reductions. In conclusion, it is noteworthy to say that adoption of the flexible reinforcing concrete design for the structure achieved cost, environmental and structural advantages. The cost was tremendously cut down and the carbon footprint significantly reduced making the structure a high-performance green solutions

Criminal Justice Trends Evaluation Research Paper

Criminal Justice Trends Evaluation - Research Paper Example The crime levels involving cases of robbery, homicide, illegal drugs and other violent crimes statistically increased based on research data (Shaw, van Dijk, & Rhomberg, 2003). Anent to social injustices concerns are problems too on sex trade, (inclusive on problems on prostitution and pornography where the flesh trade considered consenting adults as ‘victimless crimes’ that are subject of ‘moral panics’) and of white collar crimes that ranges from forgery, corruption, identity theft using electronic devices, and money laundering. It’s unfortunate that white collar criminals, when caught, are not served with penal sentences but are only required to pay for the damages done to victims. Aside from the preceding prominent crimes, the United States is also confronted with crimes that have magnitude effects to civilian communities and to the state. Terrorism along with so called white collar crimes are also considered to be criminal offences, though sociol ogists consider the aforementioned to be ‘political crimes’ (Mueller, 2013). ... group, use of radiological threat, falsification of documents and other entailing effects that could victimize large number of civilian populace (National Counterterrorism Center, 2013). The Federal Bureau of Investigation likewise stated in its reports based on collated information from law enforcement agencies that there is an increase of 1.9 % of violent crimes in the last six months in 2012 (Federal Bureau of Investigation, 2013). These violent crime cover murder, forcible rape, robbery, and aggravated assault. With regards to the property crimes, there is an increased of 1.5 percent in 2012 compared to the reported statistics in 2011 that include burglary, larceny-theft, and motor vehicle theft (Federal Bureau of Investigation, 2013). Bank crimes statistics also showed that in 2011 alone, there are 5,014 robberies, 60 burglaries, and 12 larcenies which looted about $ 38.3 million dollars of cash and other valuable properties (Federal Bureau of Investigation, 2013). Only 20% of t hese cases are recovered or solved by law enforcement authorities (Federal Bureau of Investigation, 2013). According to statistical records, there are 6,088 persons involved in varied bank crime cases but only 3,263 persons are identified, of which 1,229 of 37% are involved in narcotics and 583 persons or 18% are recidivists of robbery, bank burglary and bank larceny cases (Federal Bureau of Investigation, 2013). Aside from the increase of statistics on crimes, the advancement of information technology also made it easier for the commission of crimes since most of the transactions are done online and the criminals’ coordination or communication hasten their networking or their plans of carrying out their criminal designs (U.S. Department of Justice, 2013). Crimes can be undertaken by