Analysis on Causes and Symptoms of Job Stress in the Workplace Free Essays

Job stress poses a significant threat to employee health and consequently to the health of an organization. This report will provide information on the causes of stress, the resulting symptoms, the consequences to employers, and the programs employers can implement to reduce the adverse effects of stress in the workplace. It is important for both employees and employers to recognize and understand stress and its causes. We will write a custom essay sample on Analysis on Causes and Symptoms of Job Stress in the Workplace or any similar topic only for you Order Now Often times employers confuse job challenges and job stressors. Most employees view a job challenge as a motivating factor, which enables them to grow within their positions. This motivation has the potential to produce positive results for both employees and employers. However, when challenges become demands, employees often resort to the fight or flight response of our primal ancestors. At the sight of a dangerous encounter, the hypothalamus sends a message to the adrenal glands and within seconds the heart is pumping at two or three times the normal speed, sending blood to the major muscle groups with soaring blood pressure. In most cases, the employee does not have the opportunity to fight or flee, and as a result the increased energy is internalized and over time manifests itself as stress. Stress is not an illness, however prolonged exposure to stressful conditions can increase the risk of injury or disease. According to the National Institute for Occupational Safety and Health ( ¡Ã‚ §NIOSH ¡), job stress can be defined as â€Å"the harmful physical and emotional responses that occur when the requirements of the job do not match the capabilities, resources, or needs of the employee†. For instance, management style, interpersonal relationships, work roles, career concerns, work-life issues, sociocultural atmosphere, and environmental conditions may all be considered stressors. The following illustrations represent extreme cases, but a common thread between all of the examples is lack of communication, lack of resources, and lack of control. Typically, people are affected by an assortment of these stressors and at a variety of levels. Many employees suffer from stress caused by managers who expect results without establishing clear goals. An example would be an office head that is responsible for increasing profitability and decreasing overhead, without receiving a budget from the home office. At the end of the year, the office head’s performance cannot be considered objectively. Consequently, his or her incentive compensation becomes subjective. Interpersonal Relationships In many organizations, workers have little decision-making power. For example, a customer service representative is responsible for fielding incoming calls. Inevitably, the calls are primarily from angry customers concerned about a late shipment. The representative has no control over the shipping department and in fact has virtually no communication with that department. After listening to the customer’s complaints over a period of time, the representative has several suggestions which management could implement in the shipping department that may improve customer satisfaction. Unfortunately, management is not interested in the ideas of a customer service representative. And as a result, the representative is attacked daily by angry customers whose concerns could have been prevented. Work Roles Some employees suffer from stress caused by excess responsibility and a shortage of time. An example of which might be a salesperson who has a broad scope of responsibilities with little support and a full travel schedule. In many instances, the salesperson is unable to meet unrealistic reporting deadlines because of excessive travel. Career Concerns Other employees may stress about an impending reorganization and its potential consequences. For example, management hires a consulting firm to evaluate departmental effectiveness and profitability. The employees may feel that management views their work as substandard and is formulating a reduction in forces plan which could ultimately affect their jobs. Work-Life Issues Often workplace stress is caused by balancing personal and professional responsibilities. For example, a nurse who also has to care for an aging, dependant parent. Sociocultural Atmosphere Some employees are subjected to an atmosphere of gender bias and/or sexual harassment. For example, a woman works as a real estate broker, which is a male-dominated field. She is constantly subjected to sexual innuendo. She is even made to look incompetent in client meetings by her male counterparts who ask ridiculous and irrelevant questions. Environmental Conditions Employees are required to perform in adverse working conditions which often cause signs of stress. For instance, a mill worker is subjected to the constant humming of machines. Repeated exposure to stressful situations such as those mentioned above often cause symptoms such as difficulty concentrating, sleep disturbances, irritability, and boredom. Other warning signs may include upset stomach, job dissatisfaction, muscle tension, and low morale. Studies have shown that stress in the workplace has been linked to some of the leading causes of death, including heart disease, cancer, lung ailments, workplace accidents, cirrhosis, and suicide. According to the Encyclopedia of Occupational Safety and Health, studies suggest that psychologically demanding jobs which allow employees little control over work process increase the risk of cardiovascular disease. It is also widely believed that job stress produces an increased risk of back and upper extremity musculoskeletal disorders. Furthermore, several studies suggest that a variety of mental health problems, from burnout to depression, have been linked to job stress. Although more studies are needed, it has become a mounting concern that on-the-job injuries are on the rise due to job related stress. According to the Journal of Occupations and Environmental Medicine, healthcare expenditures are nearly 50% greater for workers who report high levels of stress. Furthermore, the American Institute of Stress estimates that more than 75% of all doctor visits are for stress-related complaints or disorders. People also spent nearly $11 billion last year on stress management programs, products and services. Although stress poses a variety of health concerns to individuals, organizations also suffer its consequences. According to the National Safety Council, it is estimated that one million workers are absent on an average workday because of stress related complaints. Furthermore, to the American Institute of Stress reports that 40 percent of employee turnover is related to job tension. A study published in the Journal of Group Dynamics: Theory, Research, and Practice, found that when workers are under stress, they tend to lose their group perspective and focus on their own personal goals to the detriment of their colleagues. In a study of 100 naval personnel, each three-member group was subjected to a decision-making task simulation under varying stressful conditions. As expected, those operating under the highest level of stress performed worse than those operating under normal circumstances. Furthermore, the study indicated that the higher the stress level, the subject acted from a more individual perspective, which ultimately deteriorated team performance. In addition, the 1995 Workers Compensation Yearbook reports: In 1960, a Michigan court upheld a compensation claim by an automotive assembly-line worker who had difficulty keeping up with the pressures of the production line. To avoid falling behind, he tried to work on several assemblies at the same time and often got parts mixed up. As a result, he was subjected to repeated criticism from the foreman. Eventually, he suffered psychological breakdown. By 1995, nearly one-half of the States allowed worker compensation claims for emotional disorders and disability due to stress on the job [note, however, that courts are reluctant to uphold claims for what can be considered ordinary working conditions or just hard work] (NIOSH). Given that job stress is estimated to cost U. S. industry $300 billion annually as assessed by absenteeism, diminished productivity, employee turnover, and consequently legal fees and insurance premiums, it is important for employers to implement programs that promote a low stress atmosphere in the workplace. The American Psychologists Association recommends the following organizational changes to help prevent job stress:    Other elements of a healthy company include open communication, employee involvement, health-enhancing work environments, community responsibility, and institutional fairness. Many companies have taken a variety steps to promote this type of atmosphere. For example, Harley-Davidson, the Milwaukee-based motorcycle manufacturer, implemented the use of work groups in its Capital Drive plant in 1995. Since then, there has been a â€Å"steady decline in worker’s compensation claims† which resulted in higher profits for the company. According to John Gillard, president of PACE Local 7-0209, workers feel they have more control over their jobs because they have a voice in day-to-day operations. Honeywell offers employee assistance counselors and stress management classes. The Leo Burnett advertising agency in Chicago, has a on-site massage therapist once a week, while National Semiconductor of Santa Clara, California provides an on-site fitness center that offers yoga and karate among other things. While some companies suffer the consequences of stress in the workplace, others like Massachusetts based WFD, Inc. (â€Å"WFD†), profit from it. WFD offers innovative services that assist employers in facilitating the needs of their employees thereby producing measurable business results such as customer loyalty and satisfaction, revenues and profits and shareholder value. WFD’s services include employee commitment audits, work-life strategy consulting, community investment and dependent care strategy consulting, and workplace flexibility consulting. How to cite Analysis on Causes and Symptoms of Job Stress in the Workplace, Essay examples

Analysis on Causes and Symptoms of Job Stress in the Workplace Free Essays

Job stress poses a significant threat to employee health and consequently to the health of an organization. This report will provide information on the causes of stress, the resulting symptoms, the consequences to employers, and the programs employers can implement to reduce the adverse effects of stress in the workplace. It is important for both employees and employers to recognize and understand stress and its causes. We will write a custom essay sample on Analysis on Causes and Symptoms of Job Stress in the Workplace or any similar topic only for you Order Now Often times employers confuse job challenges and job stressors. Most employees view a job challenge as a motivating factor, which enables them to grow within their positions. This motivation has the potential to produce positive results for both employees and employers. However, when challenges become demands, employees often resort to the fight or flight response of our primal ancestors. At the sight of a dangerous encounter, the hypothalamus sends a message to the adrenal glands and within seconds the heart is pumping at two or three times the normal speed, sending blood to the major muscle groups with soaring blood pressure. In most cases, the employee does not have the opportunity to fight or flee, and as a result the increased energy is internalized and over time manifests itself as stress. Stress is not an illness, however prolonged exposure to stressful conditions can increase the risk of injury or disease. According to the National Institute for Occupational Safety and Health ( ¡Ã‚ §NIOSH ¡), job stress can be defined as â€Å"the harmful physical and emotional responses that occur when the requirements of the job do not match the capabilities, resources, or needs of the employee†. For instance, management style, interpersonal relationships, work roles, career concerns, work-life issues, sociocultural atmosphere, and environmental conditions may all be considered stressors. The following illustrations represent extreme cases, but a common thread between all of the examples is lack of communication, lack of resources, and lack of control. Typically, people are affected by an assortment of these stressors and at a variety of levels. Many employees suffer from stress caused by managers who expect results without establishing clear goals. An example would be an office head that is responsible for increasing profitability and decreasing overhead, without receiving a budget from the home office. At the end of the year, the office head’s performance cannot be considered objectively. Consequently, his or her incentive compensation becomes subjective. Interpersonal Relationships In many organizations, workers have little decision-making power. For example, a customer service representative is responsible for fielding incoming calls. Inevitably, the calls are primarily from angry customers concerned about a late shipment. The representative has no control over the shipping department and in fact has virtually no communication with that department. After listening to the customer’s complaints over a period of time, the representative has several suggestions which management could implement in the shipping department that may improve customer satisfaction. Unfortunately, management is not interested in the ideas of a customer service representative. And as a result, the representative is attacked daily by angry customers whose concerns could have been prevented. Work Roles Some employees suffer from stress caused by excess responsibility and a shortage of time. An example of which might be a salesperson who has a broad scope of responsibilities with little support and a full travel schedule. In many instances, the salesperson is unable to meet unrealistic reporting deadlines because of excessive travel. Career Concerns Other employees may stress about an impending reorganization and its potential consequences. For example, management hires a consulting firm to evaluate departmental effectiveness and profitability. The employees may feel that management views their work as substandard and is formulating a reduction in forces plan which could ultimately affect their jobs. Work-Life Issues Often workplace stress is caused by balancing personal and professional responsibilities. For example, a nurse who also has to care for an aging, dependant parent. Sociocultural Atmosphere Some employees are subjected to an atmosphere of gender bias and/or sexual harassment. For example, a woman works as a real estate broker, which is a male-dominated field. She is constantly subjected to sexual innuendo. She is even made to look incompetent in client meetings by her male counterparts who ask ridiculous and irrelevant questions. Environmental Conditions Employees are required to perform in adverse working conditions which often cause signs of stress. For instance, a mill worker is subjected to the constant humming of machines. Repeated exposure to stressful situations such as those mentioned above often cause symptoms such as difficulty concentrating, sleep disturbances, irritability, and boredom. Other warning signs may include upset stomach, job dissatisfaction, muscle tension, and low morale. Studies have shown that stress in the workplace has been linked to some of the leading causes of death, including heart disease, cancer, lung ailments, workplace accidents, cirrhosis, and suicide. According to the Encyclopedia of Occupational Safety and Health, studies suggest that psychologically demanding jobs which allow employees little control over work process increase the risk of cardiovascular disease. It is also widely believed that job stress produces an increased risk of back and upper extremity musculoskeletal disorders. Furthermore, several studies suggest that a variety of mental health problems, from burnout to depression, have been linked to job stress. Although more studies are needed, it has become a mounting concern that on-the-job injuries are on the rise due to job related stress. According to the Journal of Occupations and Environmental Medicine, healthcare expenditures are nearly 50% greater for workers who report high levels of stress. Furthermore, the American Institute of Stress estimates that more than 75% of all doctor visits are for stress-related complaints or disorders. People also spent nearly $11 billion last year on stress management programs, products and services. Although stress poses a variety of health concerns to individuals, organizations also suffer its consequences. According to the National Safety Council, it is estimated that one million workers are absent on an average workday because of stress related complaints. Furthermore, to the American Institute of Stress reports that 40 percent of employee turnover is related to job tension. A study published in the Journal of Group Dynamics: Theory, Research, and Practice, found that when workers are under stress, they tend to lose their group perspective and focus on their own personal goals to the detriment of their colleagues. In a study of 100 naval personnel, each three-member group was subjected to a decision-making task simulation under varying stressful conditions. As expected, those operating under the highest level of stress performed worse than those operating under normal circumstances. Furthermore, the study indicated that the higher the stress level, the subject acted from a more individual perspective, which ultimately deteriorated team performance. In addition, the 1995 Workers Compensation Yearbook reports: In 1960, a Michigan court upheld a compensation claim by an automotive assembly-line worker who had difficulty keeping up with the pressures of the production line. To avoid falling behind, he tried to work on several assemblies at the same time and often got parts mixed up. As a result, he was subjected to repeated criticism from the foreman. Eventually, he suffered psychological breakdown. By 1995, nearly one-half of the States allowed worker compensation claims for emotional disorders and disability due to stress on the job [note, however, that courts are reluctant to uphold claims for what can be considered ordinary working conditions or just hard work] (NIOSH). Given that job stress is estimated to cost U. S. industry $300 billion annually as assessed by absenteeism, diminished productivity, employee turnover, and consequently legal fees and insurance premiums, it is important for employers to implement programs that promote a low stress atmosphere in the workplace. The American Psychologists Association recommends the following organizational changes to help prevent job stress:    Other elements of a healthy company include open communication, employee involvement, health-enhancing work environments, community responsibility, and institutional fairness. Many companies have taken a variety steps to promote this type of atmosphere. For example, Harley-Davidson, the Milwaukee-based motorcycle manufacturer, implemented the use of work groups in its Capital Drive plant in 1995. Since then, there has been a â€Å"steady decline in worker’s compensation claims† which resulted in higher profits for the company. According to John Gillard, president of PACE Local 7-0209, workers feel they have more control over their jobs because they have a voice in day-to-day operations. Honeywell offers employee assistance counselors and stress management classes. The Leo Burnett advertising agency in Chicago, has a on-site massage therapist once a week, while National Semiconductor of Santa Clara, California provides an on-site fitness center that offers yoga and karate among other things. While some companies suffer the consequences of stress in the workplace, others like Massachusetts based WFD, Inc. (â€Å"WFD†), profit from it. WFD offers innovative services that assist employers in facilitating the needs of their employees thereby producing measurable business results such as customer loyalty and satisfaction, revenues and profits and shareholder value. WFD’s services include employee commitment audits, work-life strategy consulting, community investment and dependent care strategy consulting, and workplace flexibility consulting. How to cite Analysis on Causes and Symptoms of Job Stress in the Workplace, Essay examples

Case Study of Architect Winston Chu Example For Students

Case Study of Architect Winston Chu THEORIES OF ARCHITECTURE AND URBANISM Introduction Architect Winston Chu’s design attack is based on simpleness and practicality. Looking at his architecture works, they were designed with simple geometrical lines and signifiers. He does non make fancy architecture, but his designs are able to present a message and give individuality to the edifices. Other than the design signifiers, Architect Winston Chu besides strongly believe that a edifice design should be based on the site history and context Internet Explorer: it should talk for the edifice. He besides ensures that a edifice has a soft facet to accomplish a balance between nature and architecture. The ground I pick Johor Premium Outlet as my research edifice is because the edifice design attack carry through the above mentioned standards. Developed in direct response to the enormous growing in Johor State, ( 1stPremium Outlet in Malaysia ) Johor Premium Outlet is a 45 acre piece of land at a cardinal main road intersection merely 30 proceedingss from Senai airdrome. The location was selected for its propinquity to downtown finishs. With the project’s retail lying near to the major main road viz. North South Highway, Senai Desaru Highway and 2nd nexus main road to Singapore ; easy and convenient entree with equal parking were of import factor to guarantee the JPO are good patronized. What was one time an oil thenar estate with rippling terrain has been transformed into an established and successful premium mercantile establishment cater to shoppers in peculiar tourer, both local and international. The mercantile establishment has a sing platform worthy of its hilly puting. Climatic Condition The characteristic characteristics of the tropical clime of Malaysia are unvarying temperature, high humidness and heavy rainfall. During terrible drouth, which may last one to two months, the temperature may make up to 35 grade Celsius. The Johor Premium mercantile establishment tantrum in about 130 tenant infinites distributed along an interior-oriented prosaic promenade. The curvilinear layout and strategic placement of single blocks to guarantee the premium mercantile establishment is exposed to the shopper stroll down to the promenade. Cost effectual agencies were found to cover significant countries of interior promenade, in position of local conditions conditions, yet admit every bit much as natural visible radiation as possible. The Johor Premium Outlet is a simple but elegant construction, taking cues from agribusiness edifices. Site planning and architectural design were pursued at the same time to make consistent cloth. The infinite was made more attractive by sets of landscape gardening and the synergistic fountain. Street and pavement are designed to go forthample infinite for seting of trees.Fountains and landscape environing the retail blocks serve as shadowing component and sound buffers against nearby traffic. During hot conditions, the fountain besides acts as a chilling mechanism and a brooding pool which helps to reflect the heat off from the edifice ; while besides ask foring chilling zephyrs. Sing the sum of sunshine to be received by the edifice, greater accent is given to constructing orientation to avoid lifting and puting Sun in the east west orientation. Large facing Windowss are located on the north south facade to supply bright natural visible radiation for the retail infinites. The mercantile establishments are laid out around with streetscapes such as synergistic fountain and street furniture. The single edifice blocks are connected by big canopy paseo. And strategic arrangement of fanlight allowed sunshine to perforate into the big canopy. The retail shop is recessed to guarantee the comfort of the shoppers. In the site within, rock and glass reinforce the image of elation and openness. Natural rock floors and wood panelling brings complementary heat to the inside. My Darling Clementine - The Effects Of Noir EssayMaterial Materials play an of import function non merely as something which would weather good but it connects adult male to his antediluvian beginnings as portion of Nature’s kids. Frank Lloyd Wright can be said to be the male parent of an organic attack which saw the possible lessons of the past traditional architecture. Premium Outlet requires a planetary and international architecture design, but still keeping its local individuality and characteristic. It is a progressive attack to plan that seeks to intercede between the planetary and the local linguistic communications of architecture. In Johor Premium Outlet design, natural stuffs such as rock veneer, clay and bricks ; these stuff used suggest the phantasy of a tropical nature Eden. A coveted feel of modern-day and natural in tonic countries was created with independent individual sided constructions finished with glass, barrel clay tile, Cu and local rock veneers – stuffs that balance the natural and modern-day expressions characteristic of the part. Elevations consciously define the public kingdom, while giving the retail renters a semi-private envelope. Material such as brick, clay and rock reflects the traditional architecture of the community, while reacting to the modern design of the encompassing edifice. Contemporary stuffs such as Cu, metal and glass are besides used to give a harmonisation and balance to the edifice mentality. Sing the chief map of the Johor Premium Outlet – glass window is extremely used due to the importance to exhibit the vesture and merchandises in order to pull consumers. Similar colour tone was selected for the edifice to give continuity and make the same temper. Colorss derived from the local vegetation, zoology, sky, and Earth reinforce the regional feeling. Exterior pavement is of brick utilizing exposed hard-seeded, water-washed glass sum in a assortment of colourss, with slate tile countries. Native plantings reinforce the regional character. Mission clay tiles, besides called Barrel tiles and S-curved tiles, have a extremely rounded curve which gives the traditional expression to Spanish manner buildings.To achieve higher coefficient of reflection and emissivity indices ; the traditional red-orange barrel clay tile was chosen to accomplish cool roof values. Rock is from local preies, and patio and paseos are paved with ruddy bricks. Decision Early exposure to landscape design simple and practical design during his internship has contributed to his presence twenty-four hours architecture attack and design doctrine. Architect Winston Chu used the environmental conditions to his advantage by following the natural infinite conditioning consequence of the Sun, air current and H2O to maintain the infinite comfortable. Choice of orientation, signifier, coloring material and stuffs for the edifice, Windowss, form, manner and location of external, shadowing was done meticulously for maximal benefit. Such an attack to edifice that takes advantage of natural conditions for maintaining the life infinite comfortable is called solar inactive architecture. Mention Dixon, J. Urban Spaces No.5: Having Green Design Strategies ( pg 40, 51 ) Mabe, V. eHOW: Why Use Clay Roof Tiles. Retrieve on 21stJune from: hypertext transfer protocol: //www.ehow.com/about_5091103_use-clay-roof-tiles.html

Pluto Essays - Planetary Science, Pluto, Neptune, Ice Planet

Pluto Pluto repeats an anomaly when compared with the terrestrial planets (Mercury, Venus, the Earth and Mars) or the giant planets (Jupiter, Saturn, Uranus and Neptune). This icy world is more like a huge asteroid or the satellites of the outer planets; it has even been suggested that Pluto was a satellite that escaped from Neptune's pull. The small size of Pluto combined with its distance make it very difficult to observe; however, two important discoveries have just been made. In 1976 new spectroscopic observations revealed that the surface of Pluto was covered, at least partially, by frozen methane. The infrared spectrum enabled this methane to be identified, besides other kinds of ice, such as ice of ammonia or water. The surface of Pluto, covered by ice, is therefore bright and its reflective power (or albedo) is much greater than we would suppose, thinking that it was all covered by rocks. Knowing its distance from the Earth and its reflection coefficient we can deduce a diameter of between 2000 and 2700 kilometers; its mass is thus much less than first estimates.

Free Essays on EU Constitution

The council, which represents national governments and adopts most EU laws, is the Union's pivot. But, in our third look at Europe's institutions, we spot weaknesses as well as strengths THE symbolism is almost too apt. For two years the European Commission building, the four-pronged Berlaymont, has been shrouded in white plastic while asbestos is removed. Meanwhile across the street glowers a grim pink fortress: the Justus Lipsius Building, new home of the Council of Ministers. Power is indeed seeping from one to the other. Under the classic EU design, the commission proposes, the parliament opines and the council disposes. But nowadays, especially in foreign policy and home affairs, commission and parliament barely get a peep; the council runs the whole show. Yet this is too simple. The European Parliament, for instance, has grown more powerful as well. Even so, the EU clearly has a more â€Å"inter-governmental† flavour than it didthat is, national governments have managed to wrench back more of a say, in keeping with the public mood in most of the Union's 15 countries. Not only Eurosceptical Britons, but also Danes, Swedes, Frenchmen and others want less bossiness from Brussels. Such feelings inevitably strengthen the council, the most inter-governmental of the EU's institutions. They have also made the council somewhat schizophrenic. It is more than a collection of national ministers. Through regular ministerial meetings, a six-monthly presidency that rotates among all the members, a 2,300-strong secretariat and 15 national permanent missions in Brussels, the council has acquired its own European identity. It is, after all, the central body of a nascent confederation. The tension between national and supranational interest reaches right down to the humblest council working-group. A big failure of the council is that it is far too secretiveperhaps the only law-making body in the democratic world that takes decisions behin... Free Essays on EU Constitution Free Essays on EU Constitution The council, which represents national governments and adopts most EU laws, is the Union's pivot. But, in our third look at Europe's institutions, we spot weaknesses as well as strengths THE symbolism is almost too apt. For two years the European Commission building, the four-pronged Berlaymont, has been shrouded in white plastic while asbestos is removed. Meanwhile across the street glowers a grim pink fortress: the Justus Lipsius Building, new home of the Council of Ministers. Power is indeed seeping from one to the other. Under the classic EU design, the commission proposes, the parliament opines and the council disposes. But nowadays, especially in foreign policy and home affairs, commission and parliament barely get a peep; the council runs the whole show. Yet this is too simple. The European Parliament, for instance, has grown more powerful as well. Even so, the EU clearly has a more â€Å"inter-governmental† flavour than it didthat is, national governments have managed to wrench back more of a say, in keeping with the public mood in most of the Union's 15 countries. Not only Eurosceptical Britons, but also Danes, Swedes, Frenchmen and others want less bossiness from Brussels. Such feelings inevitably strengthen the council, the most inter-governmental of the EU's institutions. They have also made the council somewhat schizophrenic. It is more than a collection of national ministers. Through regular ministerial meetings, a six-monthly presidency that rotates among all the members, a 2,300-strong secretariat and 15 national permanent missions in Brussels, the council has acquired its own European identity. It is, after all, the central body of a nascent confederation. The tension between national and supranational interest reaches right down to the humblest council working-group. A big failure of the council is that it is far too secretiveperhaps the only law-making body in the democratic world that takes decisions behin...

Treasury and risk management Essay Example | Topics and Well Written Essays - 1000 words

Treasury and risk management - Essay Example Therefore, China is pursuing a weak currency policy in order to boost demand for Chinese exports. The large current account surplus in China is the indication that China’s currency is undervalued (Pettinger, 2011, p.1). The reason behind holding the value of Yuan is to compensate for its economic weakness. Its weak currency policy makes Chinese goods cheap compared with those of global competitors in Europe and Japan for instance. Since 1996, China has maintained a same fixed exchange rate resulting in an enormous increase in foreign exchange reserves. This enormous increase will be fuelled by Yuan that is estimated to be undervalued against the dollar. The benefit which it is getting by holding the value of Yuan is that it is selling more goods in foreign countries i.e. trade surplus (Cohen, p.1). Another benefit is that its capital market is becoming attractive to investors. If the successful internationalization of the Yuan will be possible then it will also be the internat ional currency (Cohen, 2011, p.1). Evidence Suggesting Weak Currency Policy of China It has undervalued the price of its currencies in order to keep its currency policy weak in order to boost export and enjoy trade surplus. Its weak currency policy in relation to US Dollar enables them to buy dollar from the open market in order to keep the demand for dollars high. It drives the dollar price upward in relation to Yuan. The large account surplus in China is the evidence for its weak currency policy (Cksd, 2012, p.77). There are some negative aspects towards the weak currency policy of China. By depending more on exports and foreign direct investment inflows made China particularly weak towards the effects of the global economic slowdown. A weak currency policy i.e. undervalued currency makes import more expensive, thereby throbbing Chinese firms that import raw materials and machinery (Morrison and Labonte, 2011, p.22). A huge rise in China’s foreign exchange reserves in recen t years is also the evidence that the Chinese Government has been holding its currency down in order to make weak currency policy (Shapiro, 2009, p.85). Relationship between Yuan Appreciation and Dollar Depreciation Currently imports from China accounted for about 10% of total U.S. imports. In June 2010, the value of Yuan was 6.79 to the dollar. In 2012 China allow the Yuan to trade in a daily range against the U.S. dollar. Soon it was announced that Yuan’s new trading band against the dollar will allow the exchange rates to move 1% above or below a daily reference exchange rates (Fung and Hong, 2012). Therefore a 25% appreciation of Yuan would be equivalent to 20% dollar depreciation. Such depreciation will result in stemming America’s appetite for foreign goods. If Yuan value appreciates, it will cause deflation, cut off foreign direct investment and cut economic growth. If these things will happen, prices will skyrocket preventing the consumers to buy the stuff in C hina, and the Chinese economies would break up to a halt. On the other hand, it will lead to the more export of U.S goods. The other country will have money and reserves to buy America’

Law case to Joan Essay Example | Topics and Well Written Essays - 1500 words

Law case to Joan - Essay Example Proximity has evolved from the straightforward test that was applied in Donoghue v Stevenson6 and seems to be applied after the duty of care has been determined. In Spring v Guardian Assurance Plc7 the House of Lords seemed to emphasise the importance of the ‘fair, just and reasonable’ factor when making a decision on the imposition of liability. In this case the judge held that that an employer who provided a reference in respect of an employee to a prospective future employer owed a duty of care to the employee in respect of the preparation of the reference and was liable in damages for economic loss suffered as a result of the negligent preparation of the reference. In Donoghue and Stevenson8 the complainant went to a cafà © with a friend who bought her a tumbler with ice cream. The shopkeeper poured a quantity of ginger beer from a bottle over the ice cream. The complainant drank from the tumbler and when her friend topped up the drink from the bottle the remains of a decomposed snail floated out of the bottle. As a result of this the complainant became ill. As there was no contractual relationship between the complainant and the shopkeeper the House of Lords were asked to consider whether the manufacturer if the ginger beer owed a duty of care to the ultimate customer. This led to the formation of the neighbour test9 the general principle of which was that ‘you must not injure your neighbour’.