Critically discuss the view that capital markets created the Essay - 3

Critically discuss the view that capital markets created the conditions that led to the new economy bubble and the banking crisis - Essay Example This is attributed to the fact that when a firm or a nation borrows money from the capital markets, the reason is often to invest in additional physical capital products that will be utilized to increase income. It usually takes several months or even years before the investments start generating sufficient return to pay back its cost thus leading to an economic crisis. Capital markets are usually concerned with long tern finance. It comprises of a series of channels through which the communities’ savings are made available for commercial and industrial enterprises and public authorities. Therefore, Chisholm (2009) defines capital markets as financial markets which are tasked with the buying and selling of equity-backed securities or long-term debt. These markets usually channel the wealth of the savers to those who have the capability of putting it into long-term use. The paper will offer evidence supporting the view that capital markets created the conditions that led to the ‘new economy’ bubble and the banking crisis. According to a view shared by Rudd (2009), prescriptions of the neo-liberal policy flow from the major theoretical belief in the superiority of unregulated markets, especially unregulated capital markets. These claims is based on the "efficient-markets hypothesis" , which claims that financial-market prices, such as stock-market prices incorporates all the available information representing the best possible estimate of asset prices. Therefore, it follows that if prices fully informed and markets are fully efficient, there exists no reason to believe that asset-price bubbles are probable which means that if these do occur, markets will self-correct. In the neo-liberal view, deviations from market efficiency are as a result of external causes. They ascertain that bubbles and other disruptions are caused by governments and other "imperfections", and

Career in Pharmaceutical Sales Research Paper Example | Topics and Well Written Essays - 500 words

Career in Pharmaceutical Sales - Research Paper Example Many of the decisions that pharmacists make are life and death ones, and so we require a strong code of ethics from them and the people who supply them with their products (Altilio, 2009). Like many other important professions, drug salespeople are respected but they are also held to high standards.   I work very well in team situations and have always developed a good rapport with peers, co-workers, professors and employers. While I highly enjoy teamwork I also have the motivation and knowledge to work efficiently and independently on major projects. I work extremely well under pressure and have always been able to put my best forward and receive top results.  These are important qualities in a sales professional. Sales can be a high-pressure, high-stress field and you have to work very hard at it to make a go of it (Appelbe, 2005). Another important aspect of pharmaceutical sales is travel. You need to cover a lot of ground and meet a lot of people. I have a good sense of geography and can fit in in many unique situations. You have to charm them and make them want to buy the product. But more than that you have to be credible and knowledgeable. You have to understand the position that pharmacy managers and pharmacists are in. Their profession can be high stress and they will want to ensure that the products they receive are the best (Kevin, 2001). Fortunately, I am good at all of these things.    In life, one has to fight and work hard in order to get ahead. I have always been a hard worker and a person who is dedicated to improving myself through academic study and work as well as everyday experience.   I respond to setbacks by working even harder and increasing my determination.    I possess the intellectual commitment and compassionate interest to make this a satisfying and successful vocation. I truly want to leave my mark on the world by helping others. I realize this will not be an