Essay Writing Topics on Corruption

Essay Writing Topics on CorruptionEssay writing topics on corruption usually include topics like foreign affairs, popular culture, world politics, religion, crime, and many others. As you already know, students are required to focus on one particular topic of their choice in order to be able to pass the college entrance exams. So, it is essential that they choose topics that will fit in with the topics that they have studied before.Essays on corruption usually ask students about corruption and the type of government that it creates in the society. A student must write on these topics, to be able to explain why and how corruption exists in society.For essay topics on corruption, students must first search for a topic that fits into their overall study and education program. While searching for topics on corruption, they should choose a topic that they would enjoy talking about. In addition, they should choose topics that are very relevant to their studies.Students can also ask for hel p from other students to find the topic of their choice. This will ensure that students can gain as much knowledge as possible about corruption. After the topic is chosen, the student can begin writing their essay. However, students must make sure that they have chosen topics on corruption that will suit the needs of their audience.Students should prepare themselves for the assignment by researching on topics on corruption and provide evidence as to why corruption should exist. It will be very helpful for students to have a good knowledge about the topic so that they will not feel shy or nervous when giving their essay. They should write a great essay if they prepare and research on the topic before writing the essay.Students should read various sources and engage themselves in research on the topic of corruption before starting to write their essay. By engaging in research, students will be able to understand different perspectives on the topic of corruption. This is an essential s tep in writing an essay on corruption.The idea of writing a written essay can be fun and entertaining. In fact, many students enjoy the process of writing essays. It is a way for students to express their thoughts and ideas in a way that is understandable to a reader. Essays on corruption will surely let the readers know why and how corrupt societies exist.As you can see, essays on corruption can be both fun and informative. Students should take note of the subjects discussed in the essay as well as the types of evidence and sources used to back up their ideas.

Program and Organizational Project Management †MyAssignmenthelp.com

Question: Examine about the Program and Organizational Project Management. Answer: Presentation: Truly, I concur with the methodologies set out by the chief of program and venture the executives Mike Fritz. This is on the grounds that Megatronic is an opportunity to showcase organization and thusly, item conveyance on time is the preeminent standards of the association. The idea of venture and program is totally unique in this association as the speed of item improvement is predominantly significant for Megatronic. The New item presentation or NPI is viewed because of a program and change of a previously evolved item is named as a venture. The idea of program and venture is albeit contorted, it is certainly connected to the first terms. Advancement of a NPI unquestionably requires a devoted measure of time and keeping up the sync in various procedures. In Megatronic, venture by and large alludes to the change of a previously evolved item to make it progressively reasonable and savvy. It has no connection with the advancement of NPI. The idea of a program and a task are custom fi tted in Megatronic so as to suit to the way of life and the item types. Program administrators are should have been remain progressively centered as they work around NPI. The idea of task and program is custom-made in Megatronic as the essential point of the association is to convey new item inside timetable so as to bring in cash. Activities in Megatronic then again require increasingly strategic exertion and subsequently it should be impeccably lined up with the business procedure. The program director is consequently answerable for making basic dialects all through the association and a program trough is considered as a business chief who is liable for conveying the business on schedule. The holding idea further explains the method that is utilized in Megatronic for fruitful advancement of NPI. It characterizes the limits, prerequisites and assesses various components of a program, which incorporates advertise size, fund, plan, client necessities, assets and speed (Milosevic, Pat anakul Srivannaboon, 2010). The achievement is an exacting rule of a program advancement in Megatronic and thinking about the goal of the association, I discover the methodologies set out by Mike Fritz to be fitting. Megatronic follows an intriguing idea of program and venture in the association with an essential point of conveying another item or NPI inside a set achievement. This can be a region of worry too. The association ensures that another item in conveyed on schedule, for which even the expense of improvement can be reconsidered. This incorporates a danger of a program going over financial plan. I might want to guidance the association in following an arranged methodology of program advancement for taking out this hazard. Moreover, it is fundamental for the association to prepare the new representatives of the association appropriately as the idea of undertaking and program is totally unique in Megatronic (Milosevic, Patanakul Srivannaboon, 2010)The representatives need to have an away from about the wound ideas of task and program so as to work effectively in the association. Program Initiation I would recommend that James ought to go with the substance based framework, which is proposed by the Early Birds, Ltd. Since the model DEF-1 satisfies guidelines and agrees to the law, which is an essential necessity for choosing the correct framework. In spite of the fact that the unit cost of this framework is extensively more than that of model ABC-1, the advantages it offers is more than that of ABC-1. The expense of the framework isn't excessively high also and Early Birds, Ltd. is giving the framework at a sensible expense. The framework is to be executed inside the following 60 days and in this manner, picking DEF-1 will assist the framework with being actualized inside time. The lead conveyance time of the framework is 30days and along these lines there is no danger of task being deferred regardless of whether some specialized blunder happens, as there will be an abundant time to correct the issue. The splashing region offered by the framework is up to 250 square meters, whi ch is more than the frameworks offered by Fire Extinguisher and Xtra care Ltd. Besides, there is no expense of establishment, which diminishes the expense of usage of the framework, in this way meeting the predetermined rules of the Finance director of the organization (Milosevic, Patanakul Srivannaboon, 2010). The support cost of the framework is low also. The significant explanation for picking this framework is its usability. Besides, the association has earlier business relationship with Early Birds, Ltd. furthermore, along these lines it is required to have a full help of provider in the event that any issue emerges. Aside from this, another bit of leeway of picking this provider is that, since the provider has business relationship with the customer, dealings will be conceivable. In this manner, it is smarter to pick the framework offered by the Early Birds, Ltd. The JKL-1 model gave by the Zebra Limited would have been considered for this situation also if the data about the standard goes along and laws were accessible. This would have been picked as there is no issue in establishment and the splashing territory is wide too. A program is characterized as an assemblage of various errands that have particularly enormous target. James has been delegated as the program director of Mega Security and is before long given an obligation to assess the fire quenching arrangement of the new structure of Mega Security. The essential point of this program is to guarantee workers security. This was a significant choice and in this manner, it would have been exceptional if alongside the program supervisor James, other departmental chiefs, who have a superior information about the structure were associated with the dynamic procedure. James made the best decision by taking the recommendation of the plant supervisor, money administrator, security and creation director so as to upgrade the dynamic procedure. A gathering activity is required for this program as the essential point of the venture was to take care of the lawful issues identified with the security of the workers (Milosevic, Patanakul Srivannaboon, 2010). References Milosevic, D.Z., Patanakul, P. Srivannaboon, S., (2010).Case investigations in undertaking, program, and authoritative venture the board. John Wiley Sons.

Top Five Confusing SAT Words

With thousands of words to memorize, the SAT often leads to students to jumble up words in their heads. Its hard to separate the most common SAT words from the no-shows on test day. And it’s hardly their faults—the English language is consists of many words that either look and/or sound very similar. See if you know the difference between the words below. Loathe vs. Loath The first word is the most common one, as in: I loathe you—you ate all my yummy chocolates. An easy way to remember that loathe means ‘to hate intensely’ is to look at the last four letters: lo‘athe’. If you unscramble ‘athe’ you get hate. I wish I had a fun nifty mnemonic for loath, but alas I don’t. To be loath is to be reluctant. He was loath to study for the SAT, but realized his future was at stake.   Indigent vs. Indigenous The first word is an adjective which means ‘very poor’. It can also work as a noun: The indigents down by the railroad tracks slept in soggy cardboard boxes. The second word means ‘native to a certain area’. Despite what many believe, the kiwi is not a fruit indigenous to New Zealand but was originally grown in China. Discrete vs. Discreet To be discreet simply means ‘not to draw attention to something’. This word is more commonly used than discrete. The student discreetly raised her hand and asked softly whether she could leave to use the restroom. Discrete means ‘broken into distinct groups’. For the word ‘discrete’, I do have a nifty mnemonic: notice the ‘t’ in discrete. It breaks up the two ‘e’s. Now the two e’s are discrete (they are split by the ‘t’).    Extant vs. Extinct The first word means ‘still existing’. The second means ‘no longer in existence’. Many of Shakespeare’s original manuscripts are extant—the same cannot be said of Euripides’ works. Deter vs. Defer The first word means ‘to prevent something from happen, usually by threat’. The second can mean ‘to submit to another person’s judgment or authority’. It can also mean ‘to put aside for later’. The word ‘defer’ has many different definitions but don’t let that deter you from learning it. Hopefully the tricks I used in these words also show how to remember SAT vocabulary in a way thats better than just remembering or scrolling through SAT vocabulary flashcards.

Identifying and Controlling Powdery Mildew on Trees

Powdery mildew is a common disease that appears as a white powdery substance on a tree  leaf surface. The powdery appearance comes from millions of tiny fungal spores, which are spread in air currents to cause new infections. Powdery mildew attacks all kinds of landscape plants, including trees. Fortunately, although the disease is disfiguring, it rarely kills a tree.   Almost any tree species can be affected by powdery mildew, but the most common are maple, basswood, dogwood, lilac, magnolia, crabapple, catalpa, and oaks.   Identification Powdery mildew disease  is caused by many different species of fungi, with Erysiphe cichoacearum reported to be the most common culprit.   According to the University of Minnesota:   Powdery mildew appears as superficial growth on plant surfaces and is seen as white to gray powdery spots, blotches or felt-like mats on leaves, stems, and buds.Infected plants may appear to be sprinkled with baby powder or covered in cobwebs.The disease is often most severe on young leaves, water sprouts, and green shoots.Once severely infected, leaves may turn yellow and fall prematurely during the growing season.In some plants, leaves turn purple to red around the infection.In late summer/early fall, tiny round orange to black balls form within white fungal mats.Most prevalent when outdoor conditions consist of cool temperatures with high humidity; however, it can be seen in warm, dry conditions as well.The disease is most severe on plants or plant parts in shaded areas with poor air movement (interior or lower branches). Biology of the Fungus Some powdery mildew fungi survive winter inside structures known as chasmothecium, which contain the spores. In spring, the chasmothecium rupture to release spores that are then spread by the wind. Other species of powdery mildew survive the winter as a dormant fungus in the infected buds or shoot tips. In spring, these spores start new infections on new plant growth. As the growing season progresses, news spores are produced and transferred to new plants on the wind.   Prevention Powdery mildew is rarely a tree killer,  but it can disfigure specimens in the landscape. It is a product of moist conditions and is usually seen in the wetter spring and fall seasons. In many  areas, powdery mildew is virtually unavoidable during the most humid parts of the period from spring through fall. Once dryer weather returns, the fungus usually retreats. It may not be necessary to treat the fungus at all, but certain measures may prevent it from becoming prevalent. This humidity-loving fungus can be controlled only if moisture can be controlled. Dont plant trees in heavily-shaded areas and provide plenty of space for air movement and growing room. Prune trees and shrubs to improve air movement between the branches. Additional methods for controlling powdery mildew: Choose disease-resistant varieties whenever possible. Mildew-resistant cultivars are available for many plants.Do not overcrowd plants. Adequate spacing improves air circulation and reduces powdery mildew infection.Prune the tree or shrub to increase light penetration and improve air circulation throughout the canopy. But avoid excessive pruning of infected plants—do your pruning during inactive periods.  Avoid fertilizing trees and shrubs when they are suffering from powdery mildew. Fertilizing stimulates new growth and may hasten the spread of the fungal infection.  Do not compost infected branches or leaves. The spores will remain in the compost and may infect other plants.   Controlling Powdery Mildew Commercial fungicides will kill powdery mildew, but many experts advise using these toxic chemicals only on specimen plants that are highly prized since the fungus rarely kills trees.   Chemical fungicide treatments that kill powdery mildew include : Thiophanate methylChlorothalonilSulfur (but not for sulfur-sensitive plants such as viburnum)Potassium bicarbonate Sulfer is perhaps the most common fungicide for powdery mildew. Spray wettable sulfur onto affected leaves at the recommended rate specified by the label. Sulfur may injure tender foliage, especially in hot weather, so be careful. Do not use sulfur on walnuts, as injury may occur. Where important plants have a history of powdery mildew infection, treat them preemptively, before the fungus appears.   A somewhat effective non-chemical treatment is to spray the plants with a mixture of household baking soda and water.

The Fifth Amendment and The Bill of Rights - 654 Words

Suppose someone witnesses a murder while attempting to steal a stop sign. If the witness is asked by a police official whether or not he or she committed the murder, he or she will say no. But if the witness is then asked what he or she was doing in the area at the time of the murder, he or she has the right to remain silent in order to protect him or herself from self-incrimination, a clause in the Fifth Amendment. The Fifth Amendment upholds the rights of United States citizens against government prosecution. Introduced to the Bill of Rights in 1789, the Fifth Amendment is a noteworthy amendment both during the past and in today’s world. The Fifth Amendment, along with the rest of the Bill of Rights, was proposed by James Madison, providing a way for the Founding Fathers of the United States to better protect the basic rights of people. Congress thought this amendment was necessary after the United States’ independence from Britain; not wanting to repeat the mistake t he monarchy had made –exploiting its citizens’ freedoms. Specifically, the Fifth Amendment secures many freedoms of people against unfair prosecution and investigation: a person cannot be put on trial for a serious crime unless a grand jury decides or if he or she is in the military; he or she cannot be tried twice for the same offense; and cannot be forced to testify against him or herself in a court case. Additionally, a person cannot be deprived of rights such as life, liberty, and property without aShow MoreRelatedCourt And Process : Constitutional Court989 Words   |  4 Pagesinsists that is in the faith amendment and it should be until the bill of right of the state government, and the federal government were unsure of the faith amendment was so clear. However, after the civil war the state of government made the fourth amendment that the state can’t take any bill of rights from the citizen. 2. Facts: The case began with John Barron when he sue the city of Baltimore, claiming that the city deprived him and his property in the fifth Amendment, says that government can’tRead MoreWhat is the Bill of Rights?1440 Words   |  6 PagesThe Bill of Rights Essay â€Å"Rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others.I do not add ‘within the limits of the law because law is often but the tyrants’ will,and always so when it violates the rights of the individual† -Thomas Jefferson. The Constitution was created because of the ineffectiveness of the Articles of Confederation did not simply protecting the rights of the people which the Founding Fathers was concernedRead More The Importance of The Bill of Rights in Society Today Essay613 Words   |  3 Pagesto have a Bill of Rights. The anti-federalists claimed that a bill of rights was needed that listed the guaranteed rights that the government could never take away from a person i.e. â€Å"inalienable rights.† A Bill of Rights was eventually deemed necessary, and has worked for over 210 years. There are many reasons why the ten amendments are still valid to this day, and the best examples are t he First Amendment, concerning the freedom of religion, the Fifth Amendment, and the Sixth Amendment. The AmendmentRead MoreThe Bill of Rights: The Most Important Documents in American History1579 Words   |  6 PagesThe Bill of Rights is one of the most important documents in American history. Bills of Rights have been included in official documents for hundred of years; the Magna Carta, signed by King John in 1215, was known to contain provisions to protect certain rights within his kingdom (History of the Bill of Rights, 2012). While there was much debate regarding the inclusion of a Bill of Rights into the Constitution, Congress did not approve the inclusion of twelve Amendments, or Twelve Articles, untilRead MoreThe Fifth Amendment : Self-Incrimination In The Fifth Amendment1040 Words   |  5 Pagesof the Fifth Amendment is Self-Incrimination, stating â€Å"No person...shall be compelled in any criminal case to be a witness against himself....†. This clause specifies that a person cannot be forced to testify against himself or herself; yet, this does not limited polic e-interrogation. A testimonial through threatened loss of government employment or guilt from silence can be used as evidence. Witnesses and evidence must be presented during the trial. This is often known as taking the fifth. OneRead MoreThe Bill Of Rights : The Importance Of The Bill Of Rights1381 Words   |  6 PagesAmerica in order since 1789? That would be The Bill of Rights. The Bill of Rights is simply the first ten amendments. Written by James Madison, The Bill of Rights lists specific prohibitions on governmental power. The Bill of Rights was officially added into the constitution in 1791. The amendments are on display in the National Archives Museum. The First Amendment states that â€Å"everybody has freedom of speech, press, and religion.† The First Amendment allows us, as U.S. citizens to speak freely aboutRead MoreEffects of Slavery on America1594 Words   |  7 PagesAmerican history is the topic of slavery. Although agreements such as the Three-Fifths Compromise in 1787, and the Thirteenth Amendment in 1865 were adapted to reduce and outlaw slavery, it took many years for slavery to be completely abolished and allow blacks the freedom they had been longing for. The Three-Fifths Compromise was a agreement reached at the Constitutional Convention of 1787 in Philadelphia in which three-fifths of states’ slaves would be counted as representation regarding distributionRead MoreBill of Rights Essay1647 Words   |  7 PagesThe â€Å"Bill of rights† had been proposed as a follow up to Parliament’s original Habeas Corpus bill, which safeguarded personal freedom and liberty. Now just about every colony had a bill of rights, so James Madison suggested that if the United States was to survived as a a country it would need to have a set of rules versus thirtheen and every state would have the same rules. In 1789, James Madison proposed a series of legislative articles to the first United States congress, but the processes tookRead MoreFifth Amendment Privilege : Taking The Fifth1657 Words   |  7 PagesThe Fifth Amendment Privilege: taking the Fifth The Fifth Amendment is located within the constitution of the United States of America. It consists of five well know clauses. Amendment V states: â€Å"No person shall be held to answer for a capital or otherwise infamous crime, unless on a presentment or indictment of a Grand Jury, except in cases arising in the land or naval forces, or in the Militia, when in actual service in time of War or public danger; nor shall any person be subject for the sameRead MoreThe Historical Roots Of The American Bill Of Rights1279 Words   |  6 Pageshistorical roots of the American Bill of Rights come from two concepts: liberty and republicanism. Both liberty and republicanism are intertwined. At their roots, they are regularized constructs designed to achieve a common objection: a check upon unbridled and arbitrary government power. Arbitrary arrests and imprisonment were feared by the eighteenth century Englishmen as the antithesis of liberty. (Garcia pg. 1) Two specific protections were perceived as vital to the right to an indictment and a jury

Regulations and Ethics of Consumer Policy

Question: Discuss about the Regulations and Ethics of Consumer Policy. Answer: Introduction: Nowadays, ecommerce is becoming an increasingly common practice among the consumers since the year 1990 when the commercial activities were completely allowed on the internet. According to Xu et al., (2012), there is a clear sign of dissatisfaction among the consumers regarding the online advertising activities and marketing techniques. The key drivers behind this dissatisfaction are confusion in distinguishing among the legitimate and illegitimate advertisers. Another important factor that gives rise to this dissatisfaction is the privacy concerns and weak media planning. However, as per the market information collected while conducting the study it has been observed that online marketing techniques are aimed at generating effective information about the internet users in order to target them in an effective and efficient manner with the help of marketing techniques (Acquisti et al., 2015). However, though the online marketing and advertisement techniques has developed to a greater extent it has been observed that a large portion of the customers are still worried about their privacy, regulations of the website and thereby suffer form an ethical dilemma. Privacy of the Consumers: According to Weiss (2014), the term privacy is used to signify the fact of the right to remain alone and it is directly related to secrecy, solitude and autonomy. However, when amalgamated with the consumer activities that take place on the online market place, the term privacy is generally used to depict the personal information and the vanquishment of this privacy is regarded as unauthorized collection. Any other use of this personal information or disclosure will be considered as a direct result of this electronic commerce transactions. In accordance with the conquest of the privacy of the personal information of the customers, it can be classified into two major categories on the basis of their nature, On one hand, when the personal information is not expected to change over a certain period of time dramatically, it can be referred to as private information of static type (Agag et al., 2016). This type of information includes referential information, financial information, health information and personal beliefs and affiliations. On the other hand, the private information that frequently changes over a period of time but it can be collected and if analyzed in an effective manner a consumer profile can be generated. This type of personal information is regarded as the dynamic private information. This includes activity history or activity profile. After conducting interview with three active internet users, their feedback suggests that online consumers are more sensitive to their static private information as this can include their banking details and purchase history as well (Wu et al., 2012). The prior concern of the consumers in about the purchase history, the online activityand the websites they visit along with other personal information that can be gathered over the internet by the electronic commerce websites. There are people who are potential customers willing to make purchase online but are afraid because of the possibility of disclosure of these data. Therefore, the online marketing agencies along with the ecommerce websites should look after protecting this information so that the potential customers as well as the existing ones can make their purchase confidently (Conger et al., 2013). Regulations: Moreover most of the online customers suggest that there should be effective regulation for protecting their privacy in the internet market place. Their key concern is to protect the privacy rights of the consumers and it should be protected along with the benefits incorporated within the free flow of information (Martin, 2013). Protecting the privacy of these consumers can be undertaken by enforcing a number of regulations in a combined manner. The three main regulatory authorities are, Government:Promotion and implementation of the strong privacy laws established for both the public as well as the private sectors. The government should also establish an independent privacy commission that will supervise the implementation and strength of these laws. It must also take initiatives for educating the individuals about the privacy issues. Businesses:The businesses or the electronic commerce websites should implement self-regulation for the promotion and implementation of fair information practices. Individuals: The individualsshould adopt privacy intensive technologies such as secured networks and other security tools dedicated to protect information Ethics of the Consumers: As per the interviews conducted of the three individuals it has been found that the incredible growth of the ecommerce definitely imposes ethical issues in the way internet represents a brand new environmental framework for the unethical behavior. It takes a long time to incorporate morality in the electronic commerce businesses. According to Martin (2013), when the people does not possess the fear of being punished they automatically get themselves engaged in various inappropriate behaviors. The opening up online transactions has also made the way for various new forms of eerie behavior some of them comes in a new form and the othersare technologically updated versions of the long standing ethical debates. As per the respondents of the interview it is quite evident that the likelihood of occurrence of ethical transgression in electronic commerce transaction is higher if compared to the face to face transactions. Therefore, the ethical issues involved with the online transactions sho uld be dealt with optimum efficiency in order to protect the online consumers (MiltgenPeyrat-Guillard, 2014). Conclusion: In order to conclude it can be said that the essay has covered all the possible aspects of regulatory, ethical and privacy related issues associated with online transactions generally happening in the electronic commerce websites. While conducting the study a wide range of literature based on this regard has been reviewed and that has helped to gain a broader insight of these issues. On the light of the knowledge gained by reviewing these literatures and based on the response of the interviews conducted the entire study have been conducted. It has become clear from the study that respondents are well aware of the privacy, regulatory and ethical framework and thereby they remain cautious while performing online transactions. Reference List: Acquisti, A., Brandimarte, L., Loewenstein, G. (2015).Privacy and human behavior in the age of information.Science,347(6221), 509-514. Agag, G., El-masry, A., Alharbi, N. S., Ahmed Almamy, A. (2016). Development and validation of an instrument to measure online retailing ethics: consumers perspective.Internet Research,26(5). Conger, S., Pratt, J. H., Loch, K. D. (2013).Personal information privacy and emerging technologies.Information Systems Journal,23(5), 401-417. Martin, K. E. (2013). Transaction costs, privacy, and trust: The laudable goals and ultimate failure of notice and choice to respect privacy online.First Monday,18(12-2). Miltgen, C. L., Peyrat-Guillard, D. (2014). Cultural and generational influences on privacy concerns: a qualitative study in seven European countries.European Journal of Information Systems,23(2), 103-125. Weiss, J. W. (2014).Business ethics: A stakeholder and issues management approach. Berrett-Koehler Publishers. Wu, K. W., Huang, S. Y., Yen, D. C., Popova, I. (2012). The effect of online privacy policy on consumer privacy concern and trust.Computers in human behavior,28(3), 889-897. Xu, H., Teo, H. H., Tan, B. C., Agarwal, R. (2012). Research note-effects of individual self-protection, industry self-regulation, and government regulation on privacy concerns: a study of location-based services.Information Systems Research,23(4), 1342-1363.

South Korean Economy

South Korean Macro Environment South Korea is located in the Eastern Asia. Characterized by temperate climate, The country is surrounded by mountains and coastal plains. South Korea also has such natural resources as coal, tungsten, lead. The country also has hydropower potential.Advertising We will write a custom essay sample on South Korean Economy specifically for you for only $16.05 $11/page Learn More Although South Korea is endowed with arable land, it is apparent that water pollution that ensues from the discharge of sewage and industry will end up destroying the environment. This would consequently pose great danger to the survival of both plants and animals. Therefore, there exist certain environmental issues to be addressed. South Korean population normally speaks Korean although English is also taught in high schools. About 26 percent of the population is Christian, 23 percent of people are Buddhists while 49 percent do not belong to any relig ious group. In total, South Korea has a population of 48.7 million. The working class is about 72.9 percent of the total population while population aged 65 years and above is 11.4%. Even though the level of urban population stands at 83%, the low rate of urbanization is expected to remain at 0.6% until 2015.1 Reportedly, 99% percent of male above 15 years are able to read and write. It is estimated that 96% of women over 15 years can read and write as well. This has enabled the rate of unemployment among youths aged between 15 and 24 years to remain as low as 9.8%.2 The major cities, which are the cornerstones of South Korea’s strong economy, include Seoul, which is the capital city, Busan, Daegu, Incheon and Daejon. South Korea is characterized by high level of education among its population. Notably, South Korean GDP of about 50 years back was compared to that of developing countries in Africa. South Korea’s present success is often explained by strong ties between the government and businesses. For instance, government constantly ensures businesses with steady credit in addition to providing restrictions on imports. In a number of cases, the government of South Korea encouraged the importation of both raw materials and technology. Conversely, it places restrictions to the importation of consumer goods.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More It is through the government’s concerted efforts that emphasize on savings and investment at the expense of consumption that saw South Korea perform considerably well economically. Following the financial crisis that occurred between 1997 and 1998 (which plunged GDP down to 7% in 1998) South Korean government started reforming its policies including the allowance of large foreign investments in South Korea’s economy.3 South Korean GDP stood at $1.554 trillion in 2010. By the end of 2011 the rate of growth was estimated at 3.9%. The per capita was evaluated at $31,700 by the end of 2011. Generally, agriculture dominates 3% of the total economy while 39.4% is dominated by industrial sector. 57.6% of the total GDP is dominated by service sector.4 South Korea’s firms targets cheaper methods of production, access to new skills and financial support in addition to advanced technology. As far as South Korea’s outward FDI in Asia, it is estimated that South Korea has a net investment of 35% in Asia, which amounts to US$33 billion. The second largest investment in the Asian region is that of the North America ($18 billion). The third is Europe which accounts for 11% of the total foreign investment in Asia which is approximately $11 billion. Led by President Lee Myung, South Korea engages with other countries in issues pertaining to global policies. This is evident as Myung speaks for international collaboration between countries. Thus, he seeks to host Nuclear Sec urity Summit, which will be held in March 2012.5 Nevertheless, South Korea frequently confronts with North Korea. For instance, certain tension was created after North Korea sunk South Korean warship in March 2010. South Korean Factor Endowments South Korea was ranked 12th in 2010 with GDP of 1.459 trillion. People refer to Hong Kong, Singapore, South Korea and Taiwan as the Asian Tigers.6 Rapid development of South Korea’s economy is due to the rapid growth in the industrial and manufacturing sectors. A major progress has been seen in the movement from labor intensive to capital-oriented economy. However, South Korea lags behind in the agricultural sector. The sector employs only 7% of the total population. The movement towards industrialization and urbanization can explain reduction in the level of agricultural productivity. The main crop cultivated in South Korea is rice. It accounts for 90% of grain production. Other agricultural products produced in South Korea include b arley and vegetables.Advertising We will write a custom essay sample on South Korean Economy specifically for you for only $16.05 $11/page Learn More South Korean industrial sector accounts for about 40% of the total GDP. The largest industries in the South Korea include shipbuilding, telecommunication and automobile industry. In 1980s, South Korea was ranked sixth worldwide in the production of electronic products such as watches, PCs, microwave ovens, televisions in addition to semiconductors such as memory chips. South Korea is ranked fifth after such countries as the U.S. and Germany in production of automobiles such as Renault and Hyundai. The country produces about 4.3 million automobiles every year. Following the greatest number of the users of broadband in South Korea, the country has developed wide communication networks.7 The companies involved in shipbuilding include Samsung Heavy Industries and Hyundai Heavy Industries. Currently, South Kore a invests much in the service industry considering that 68% of the workforce is employed in service sector. Summary South Korea is one of the four Asian Tigers that have developed fast during the last four decades. Admittedly, this is a promising market to enter. The government supports international investment. Therefore, it is possible to obtain favorable conditions for the development of business. However, there can be certain limitations as the government restricts import of certain goods. Nonetheless, it is possible to focus on production in such profitable spheres as automobile industry, shipbuilding or telecommunications. It can be even more effective to concentrate on agricultural industry as this niche is underdeveloped. Therefore, there is not much competition in the sphere. Of course, the sphere of services is also quite a promising sector. However, there are certain risks. In the first place, the country is still vulnerable to various economic constraints. Apart from eco nomic difficulties, there is still tension between North and South Korea. Therefore, conflicts between the two countries can become a threat to political stability in South Korea, which in its turn will lead to financial instability. Conclusion South Korea remains a viable locality for various foreign investors. It was earlier recognized that South Korea’s government had placed strict measures with regard to foreign investment within the territory of South Korea. However, the government began encouraging foreign investments. Considering that South Korea is endowed with sophisticated technology, any company investing in South Korea would be assured of competitive technology.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More However, the highest per capita would mean that South Korea labor is quite expensive. It is also apparent that South Korea is dominated by competitive firms that may give any foreign company tough competition. Nonetheless, there are certain sectors where competition is rather low. For instance, agricultural sector can be a promising sphere for investors. This sector is underdeveloped at present. However, it is still important to take into account such factors as legislation, environment, workforce, etc. Finally, certain political constraints should be also considered as South Korea can have conflicts with North Korea in future. Though, these political issues can hardly drastically affect business, they should not be left out of attention. Endnotes Helen Milner, â€Å"Globalization, Development, and International Institutions: Normative and Positive Perspectives,† Review Essay 3, no. 4 (2005), pp. 37-43. Charles Hill, International Business: Competing in the Global Marketplac e (Boston: McGraw-Hill Irwin, 2011). Susan Douglas and Samuel Craig, â€Å"Global Portfolio Planning and Market Interconnectedness,† Journal of International Marketing 4 (1996), pp. 93-110. Randall Stone. â€Å"How to Reform the IMF,† Current History 109, no. 730 (2010), pp. 98-105. Martin Wolf, Why Globalization Works (Sydney: Yale University Press, 2004). Eugene Gholz and Daryl Press. â€Å"Protecting the ‘Prize’: Oil and the U.S. National Interest,† Security Studies 19, no. 3 (2010), pp. 24-45. Sebastian Rosato. â€Å"Europe’s Troubles: Power Politics and the State of the European Project,† International Security 35, n. 4 (2011), pp. 77-86. This essay on South Korean Economy was written and submitted by user Liberty Z. 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.