Economic philosophies Essay Example for Free

Economic philosophies Essay This paper will focus on the contributions of John Maynard Keynes and Milton Friedman to economic philosophies. Keynes is considered by many as the most famous and influential economist. Though having that veneration, a number of economists had been in opposition to the Keynesian school of thought. Among the forefront oppositions to the Keynesian economic philosophy is Milton Friedman, along with his accounts on monetarism. In his â€Å"General Theory of Employment, Interest and Money,† Keynes laid out the foundations of his framework, which nearly all macroeconomists make use of today. This framework finds its basis on spending and demand, the factors that determine the components of spending, the liquidity-preference theory of short-run interest rates, and the necessity of the government to make strategic but powerful interferences in the economy in order to keep it on balance and avoid the extremes of depression, as well as manic excess (Delong, 2006). Keynes’ theory was said to be incomplete as it only deals with interest employment and money. There was no mention on the theory about prices. Friedman introduced the principles of prices and inflation to Keynes’ framework, based on the idea that there exists a natural rate of unemployment. Friedman also made mention of the limitations of government policies have with regard to the stability of the economy, taking into consideration the trend of its long-run growth. Friedman considered these as limits beyond which an intervention from the government would trigger an inflation of uncontrollable and destructive nature (Delong, 2006). The events that took place during the Great Depression made Keynes and his orthodox followers to underestimate the influence and role monetary policies have in making a viable solution (Delong, 2006). Keynesians are inclined to prefer fiscal policy to monetary policies as a tool to influence production and employment. They believed that money has no direct influence. Moreover, they question the power of monetary policies to influence employment and production (McCain, 2007). The Great Depression was indeed considered to be a unique event in history, which called for explanation in terms of events rather than in pursuit for a new line of economic theory. One of the events that took place during the Great Depression was the failure of the money and banking system. Thus, the Great depression illustrates the influence of changing monetary conditions (McCain, 2007). Keynes and Friedman both agreed on the necessity of a superb macroeconomic management. The private economy, when on its own, might be subjected to unbearable instability and that there is a necessity for a powerful, strategic, but limited intervention coming from the government in order to maintain stability within the economy (Delong, 2006). Though having these ideas in agreement, Friedman had been a staunch opposition to some of Keynes’ economic principles. According to Keynes, the key to maintaining economic stability is to keep government spending and private investments on stable grounds. Friedman, on the other hand, opined that the key to economic stability is keeping money supply, i. e. the amount of purchasing power, which are readily available to be spent by businesses and households stable (Delong, 2006).

Evaluation of Materials Management Information System

Evaluation of Materials Management Information System Executive Summary The purpose of this report is to assess the effectiveness of the existing Materials Management System (MMS) in â€Å"ABC Construction†, identify the gaps in business processes and define user needs and stakeholders expectations concerning the implementation of new Information System (IS) proposed by the Modernization Committee of the Company. Field study and research through questionnaires showed that there were major failures in the existing MMS in the field of planning, tracking and inventory of materials and equipment. There was no integrated automated control over the materials planning process. Vendors and Suppliers databases were poor. Tracking of materials was processed through MS Excel spreadsheet making the expediting of Suppliers submissions inefficient as sometimes the data was simply lost which led to mismatch between the Company and Suppliers data in the context of delivery status. The control and monitoring of the materials in stock was characterized by inefficient inventory paperwork. The overall MMS documentation was not comprehensive enough provoking heavy workload, manual verification of the data and unsatisfactory reporting which consequently caused failures to meet construction completion deadlines. The proposed IS SAP MM was critically evaluated as a potential solution for the automation of MMS in â€Å"ABC Construction†. Taking into consideration principle business objectives the success of IS was diagnosed by means of IS Success Framework developed by DeLone and McLean (see Appendix 1). The outcome of the analysis showed that IS proved to be applicable and could meet the expectations of either Senior Management or Materials personnel, and to align with the Companys strategy and business objectives. The main processes of Materials Management and the relations between â€Å"ABC Construction† and Vendors/Suppliers can be efficiently managed and coordinated if proposed IS is implemented. The recommendation to utilize the proposed SAP MM for efficient Material Management was supported. Professional MM IS and speed of execution can provide the Company faster time to market, potential growth as a long-term objective and thus, sustainable future of the business. Further comprehensive financial analysis for IS implementation project will be conducted by the Financial Department and presented to stakeholders in order to make final investment decision. Introduction â€Å"ABC Construction† is a medium Russian Construction Company founded in 1995 specializing in general construction, construction management, and design services. It is a material-intensive business in which control over materials required for construction has a major impact on the revenue of the company. In order to access the current performance of Material Management System, identify its inefficiency and define user needs and expectations of the stakeholders with regards to implementation of new proposed Information System (IS) a field study and research through questionnaires were conducted. Based on the results of the interviews and data from the questionnaires of 1 Project Director, 4 Project Managers, 4 Contracts Managers, 5 Chief Engineers, 3 Material Managers and 10 Materials Coordinators the major drawbacks of the existing MMS were identified in the field of planning, tracking and inventory of materials and equipment. The following implications are summarized to describe the outcome of the research with regards to MMS utilized in the Company: There is no efficient automated control over the materials planning process. Vendors and Suppliers database is poor, not up-to-date, not all the required information included. Vendor Data requirements are not defined in terms of requisitions, package and purchase orders (PO), no materials specifications available and deliveries timelines indicated. No comprehensive pricing information available in the system. Tracking process of status of materials and equipment deliveries is done through MS Excel spreadsheets making the expediting of Vendor submissions inefficient. A number of Materials Specialists and Coordinators are working on one spreadsheet at the same time and due to human element while transferring data information may be lost. This causes the mismatch between the Company and the Contractors data in terms of materials status. Inefficient control over the materials in stock. Inventory reports are not detailed; shortages of materials are not specified and can be depicted by means of PIVOT tables only. Materials Coordinators working in various projects of the Company sometimes do not have enough time for monitoring the stock which can cause such major problems as failures to meet construction completion deadlines and initial budget deficit due to incidental expenditures caused by damaged/lost or undelivered materials which were not properly indicated in craftwork database. The overall MMS documentation is not comprehensive: process sheets, inventory records, material requisitions, material call-off schedules, shortage notes, lot tickets, delivery notes and quality test sheets provide incomplete information and you have to take time and refer to another documents and spreadsheets to find the required information. There are no procedures on document standards between the Company and its vendors/suppliers. Contract Managers are not satisfied with the reporting system which is not transparent enough and is to be developed to better standards. Due to the Companys Modernization Strategy and taking into account the gaps in the existing MMS a standard integrated IS SAP MM (Materials Management) was proposed for implementation within the Company. The main objectives of IS Implementation set by the Senior Management are as follows: To ensure that â€Å"ABC Construction† has the right material, in the right place, at the right quantity and price. To develop and unify materials related procedures and make materials purchase, transfer and receipt clear for all involved parties. To stay competitive in construction market and build a sustainable future. Analysis and Implications In order to assess the integral ERP solution SAP MM (module that is used for Procurement Handling and Inventory Management) was reviewed to evaluate the applicability of IS to meet the requirements of the stipulated business objectives. IS was inspected through the application of the success metrics specified in Updated IS Success Model developed by DeLone and McLean. SAP MM success evaluation based upon success metrics aligned with stakeholders expectations is indicated in the table below. # IS Success Dimensions Valued Qualities Preliminary Assessment of SAP MM 1 Information Quality Usability Information is comprehensive and complete. Consistent track of historical data. Availability / Reliability Data can be accessed from multiple geographical locations, IS stable and reliable. Adaptability IS flexible architecture with high scalability. Response time Real-time application, response time is short. 2 System Quality Content Personalized Clear definition of user access rights. Completeness IS covers all stages from Planning to Procurement and Warehousing (see Appendix 2). High integration with other ERP systems. Relevant Single data storage with the relevant data. Secure R/3, 3-tier architecture: database, application server and client, all data stores on server side. Encrypted client-server data transfer. 3 Service Quality Assurance IS if fully integrated and do not require additional adaptation. Developer Support 24/7 helpdesk. Easy remote administration options. 4 Usage Simplicity of operation Basic training usually takes 5-10 days. User-friendly interface. Quick Access to the most updated data. 5 User satisfaction Business purposesorientation SAP MM is able to provide the required graphs and analytics for planning, tracking and inventory; reporting structures are clear and easy to reconfigure. 6 Net benefits Improved Cost Control IS lowers total cost of ownership with a scalable and flexible solution that enables to implement enterprise-wide changes and deploy them globally. IS improves efficiency with a solution that has the functionality to support the business processes. Improved Strategic and Operational Procurement IS optimizes vendor base, improves inventory turnover and cycle times, and reduces operational costs. IS covers all tasks within the supply chain, including consumption-based planning, planning, vendor evaluation and invoice verification. It also includes inventory and warehouse management to manage stock until usage dictates the cycle should begin again. Electronic Kanban/Just-in-Time delivery is supported. Information transparency IS enables management oversight; support overall decision-making processes. IS facilitates time saving. One of the main objectives of the capabilities of described IS is to improve streamline collaboration between the Materials Department and its suppliers while drastically decreasing procurement and inventory costs and maximizing the value of relationships on both sides. Thus, the supplier participation and automation of cross-company processes are increasing which leads to enhancing the supply chain visibility, to increasing the overall speed accuracy, and adaptability of Vendors which is vital for construction field. Proposed IS can improve and simplify the inventory procedures and control over stock in the Company. IS Supplier portal component is available. That eliminates manual data entry, improves internal and external communications and reduces errors and process costs. IS provides the required transparency of the Material Management processes and Supplier/Vendor base visibility enabling companies to monitor and evaluate suppliers with real-time performance feedback. The following expectations of the Company can be met if proposed IS is implemented: Automation, simplification and acceleration of Material Management processes. Less mismatching between Supplier/Vendor and the Companys status documentation Accurate and detailed information on Supplier/Vendor abilities and rates. Improved reporting system and configuration of the reports per requirements of Senior Management, Materials Staff and Financial Dept. Lowered procurement and inventory costs; improved asset utilization. Reduced risk of supply and delays through the efficient IS electronic tracking. Reduced downtime overtime; paperwork, adjustment and compilation of the forms. Recommendations Based on the results of SAP MM critical evaluation the IS proves to be applicable in order to develop or replace the existing MMS in â€Å"ABC Construction† and to meet the expectations of either Senior Management or Materials personnel, and to align with the Companys strategy and business objectives. The principal processes of Materials Management can be fully monitored and controlled if proposed IS is implemented. Therefore, the recommendation to utilize the proposed SAP MM for efficient Material Management is supported. To build a sustainable future and to remain competitive in construction market the materials and equipment as well as relations of â€Å"ABC Construction† with Vendors/Suppliers can be efficiently managed and coordinated through proposed SAP MM. Professional MM IS and speed of execution can provide the Company with faster time to market and potential growth of business as a long-term objective. Further comprehensive financial assessment in terms of costs and commercial value, benefits and risks of the IS implementation project is to be conducted by the Financial Department and presented to stakeholders in order to make final investment decision. Microsoft Rapid Economic Justification (REJ) Framework can be recommended for further reference see Figure below. Bibliography 1. Bancroft NH, Sep H, Sprengel A., 1998, â€Å"Implementing SAP R/3 (2nd edn.)†, Manning Publications: Greenwich, CT. 2. Carr N.G., â€Å"IT Doesnt Matter†, Harvard Business Review, 2003. 3. DeLone, W.H., and McLean, E.R., 2003, â€Å"The DeLone and McLean Model of Information System Success: A Ten-Year Update†, Journal of MIS, vol. 19,no.4, pp. 9-30. 4. DeLone, W.H., and McLean, E.R., 1992, â€Å"Information systems success: The quest for the dependent variable†, Information Systems Research, vol. 3, no.1, pp. 60-95. 5. Microsoft (2010). Build an airtight business case for new IT investments, 2005. [Online]. Available from: http://www.microsoft.com/business/enterprise/value.mspx [Accessed: 15 January 2010] 6. SAP (2010) Workload Overview. [Online].Available from: http://help.sap.com/saphelp_nw04/helpdata/en/21/2c8f38c7215428e10000009b38f8cf/content.htm [Accessed: 14 January 2010] 7. SAP (2010) MM Overview. [Online].Available from: http://www.docstoc.com [Accessed: 12 January 2010] 8. Seddon, P.B.; Staples, D.S.; Patnayakuni, R.; and Bowtell, M.J., â€Å"The dimensions of information systems success.† Communications of the Association for Information Systems, vol. 2, art. 20. Retrieved January 10, 2010, from www.clemson.edu 9. Skok, W., and Kalmanovitch, C., 2005, â€Å"Evaluating the Role and Effectiveness of an Intranet in facilitating Knowledge Management†, Information Management, vol. 42, no. 5, pp. 731-744. 10. Skok, W., and Legge, M., 2002, â€Å"Evaluating Enterprise Resource Planning (ERP) Systems using an Interpretive Approach†, Knowledge and Process Management, vol.9, no. 2, pp. 72-82. 11. Skok, W., Kophamel, A., and Richardson, I., 2001, â€Å"Diagnosing Information Systems Success: Importance-Performance Maps in the Health Club Industry†, Information and Management, vol.38, no. 7, pp. 409-419. 12. Willcocks, L.P., and Lester, S (eds.), 1999, â€Å"Beyond the IT Productivity Paradox†, Wiley. Chichester.

The Simple Pleasures of Life Bring Happiness Essay -- Happiness Essays

"I am determined to be cheerful and happy in whatever situation I may find myself. For I have learned that the greater part of our misery or unhappiness is determined not by our circumstance but by our disposition." -- Martha Washington "Happiness is not something ready made. It comes from your own actions." -- Dalai Lama An emotion is an intense feeling. Happiness is one of the many emotions humans experience. It may perhaps be the most important feeling a person can have and it is the one feeling everyone strives to achieve, yet strangely, for the most part, people seem to only get a glimpse of it. Pleasurable satisfaction, a state of well-being and contentment are the more outstanding elements of happiness. Happiness, known more formally as felicity, is good. A state of well-being characterized by emotions ranging from contentment to intense joy and can be applied to almost every kind of enjoyment. It can be defined and characterized in several ways- metaphorically, by life’s everyday pleasures, and by the behaviors and accomplishments of a happy person. This emotion can be metaphorically compared with expressions such as, the sun shining through the rain and the â€Å"silver lining behind the dark cloud†. These expressions capture the optimistic outlook of happiness, they symbolize hope of a bigger, better and brighter future even in the midst of what could be termed as the â€Å"darkest hour†. Happiness is the essence of life, the wind gently blowing flowers in the open field, the puppies frolicking in a pile of leaves, and is reflected in the merriment of men. It is exciting, playful, full of good cheer and lighthearted and signifies life. It brings the smiles to the faces of children one to ninety-nine. Happiness i... ...e way. Apart from success, good health and longevity are associated with happiness. The lightheartedness that accompanies happiness has been said to lower the chance of strokes and heart attacks. Laughter releases tension and add to persons overall sense of well-being. Happiness is not death, or sorrow. It is not gloom, depression or heavy-heartedness. Happiness does not lament nor does it worry. It is neither moody nor pensive, neither wanton nor pessimistic. Happiness does not mourn for what was it instead rejoices in what will be. Happiness comes through good fortune and through loving and being loved. Eating a good meal, being in good health and enjoying the comforts of life can also achieve it. The simple pleasures of life bring happiness, whether it be enjoying a favorite dessert, smelling a rose or running in the rain. O happiness! our being's end and aim!

American Fashion returns to the classics :: essays research papers

American fashion returns to the classics 4th March 2005 Preppy, the classic American fashion that defined the 1980s, has become the look for spring 2005. Trend-right dressing will include turned-up collars, argyle socks, layered polos...and, of course, penny loafers. Bass introduced the first penny loafer in 1936, naming it the "Weejun" after its Norwegian origin. The style quickly became an American classic. Penny loafers evolved into a symbol of "cool" in the 1950's and 60's, and celebrities like James Dean and Steve McQueen were spotted wearing them. They were again elevated to a must-have in the 1980s, worn with white socks, during a resurgence of the preppy trend. Now that classic American style is again at the forefront of fashion, Bass has reintroduced its iconic Weejuns, with a modern twist. Instead of classic brown, the women's version now comes in a choice of pink, white or lime green! For men, Bass squared the toe for a dressier approach. The trend, sometimes called "preppy," is driven by a general agreement that people are tired of "grunge" looks. Instead, they are turning to the clean, crisp fashion of Polo shirts, slacks and pleated skirts - all of which are loafer-friendly. Spring's updated color palette of pink mixed with green and turquoise paired with white gives this classic style a fresh, modern appeal. Many high-end designers are capitalizing on this trend with their own versions of the penny loafer. Consistent with its heritage, authentic Bass penny loafers come with a realistic price tag - about $60 for women's and about $90 for men's. Bass penny loafers for both men and women are available at BassShoes.com and Famous Footwear. While they come in an array of pastels for women, the classic browns, burgundy and black remain the colors for men. Brown Shoe is a $1.9 billion footwear company with worldwide operations. The Company operates the 900-store Famous Footwear chain, which sells brand name shoes for the family. It also operates 400 Naturalizer stores in the U.S. and Canada that sell the Naturalizer brand of shoes and accessories. Brown Shoe, through its Wholesale divisions, owns and markets leading footwear brands including Naturalizer, LifeStride, Connie and Buster Brown; it also markets licensed brands including Dr.

Calorimetry Lab

Which foods have the most calories? Hypothesis: If we burn the food then the heating released will be measured as calories because the energy stored Inside Is released as heat and light. Parts of the experiment Control Group-water Experimental Group- different foods Independent variable- Type of food Dependent Variable- temperature of water Controlled variables- water temperature of unheated water Materials Stirring Rod, Beaker, ring clamp, evaporating disk, matches, crackers, marshmallows Analysis Questions 1 . Which foods gave off the most calories/gram?Marshmallows 2. Which foods gave off the least calories/gram? The chips give off the least, when they were burned we realized they had the least. 3. How do these results compare with your prediction? The result are somewhat like my prediction, I predicted that when the food is burned it will release heat and light.I liked this lab because it's a way to figure UT certain things within food substances. I probably would not take the ti me out to try it out at home, but I did like the lab. Despite us being very careful with trying to make everything accurate I don't think everything was so accurate. However scientists do this all the time to fugue out the calories of foods, so it is still a legit experiment. The temperatures did not change drastically it was mostly around 4 or 4. 5 degrees Celsius. Citation Mar. 2013. Web. 14 May 2014. Http://www. Chem†¦ Davidson. Deed/vice/calorimeter/ heatcapacityofcalorimeter. HTML

Americanization Versus National Culture Essay

Changes are realities of life regardless of one’s origin, skin color, beliefs and traditions. These are unavoidable facts that affect all living creatures on earth in both ways-good and bad. Like all other changes, globalization is one concept born as early as 1960s and has rapidly influenced literally all peoples even those at the edge of the world. In fact, the United Nations Organization (UNO) declared the 1960’s as the dawn of global development (Dass, Rakesh 2008). Drivers of globalization include economic, political, cultural and social factors that eventually led to the spread and elimination of traditions and practices in all aspects of human life. The bottom line is that globalization has two faces: the beneficial and the devastating one. One’s point of argument will depend on which side is he in at the moment. Although the reality that globalization has been advantageous in some ways, this paper would try to prove that globalization has more devastating effects especially on human culture and identity. In particular, this paper would like to point out the multi-faceted risks posed by globalization trend in South East Asian nations. Cultural differences are sacred things that each person is required to respect. It is this culture and tradition that South East Asian nations are rich of and their individual history will prove this argument right. â€Å"Culture is used by the organizers of society – politicians, theologians, academics, and families – to impose and ensure order, the rudiments of which change over time as need dictates† (Rothkopf, David 1997). It is this culture that identifies Asians from the Americans and the Europeans. The differences should not however be treated as walls that hinder other nation to relate with others because the significance of international relations for national development should also be acknowledged. It happened however that globalization forced each nation to open not only their doors but also their windows to let the influence of the Western culture peep in and eventually seep deep into its culture and tradition. Globalization and the technological revolution will also have a significant impact on the diversity and convergence of cultures (Huntington, Samuel 1993, p. 22). We can take culture in its two meanings. The first meaning encompasses a people’s lifestyle, folkways, traditions, art, literature, dance, music and so on. Culture by this definition has to be preserved, nurtured and enriched. It links people to the origins of whom and what they are. It is what binds them together. It gives them their identity beyond the family. It is the source of their sense of self-worth. It imparts meaning to their lives. The diversity of people’s cultures and the interaction among them enrich the human race. Culture comprehends a people’s set of values and attitudes, their outlook on life, their ways of thinking and working, and their mindsets. It is people’s cultures in this sense that globalization and technology are disrupting. In this sense, cultures have to adjust in order for people and nations and regions to be competitive in the global economy (Achenbach, Joel 2001, p. 17). If science and technology, especially information and communications technology and biotechnology, are the arena and weapons for global competition, nations and companies have to undertake a massive re-allocation of resources to education, training, research and development, and the infrastructure for the knowledge industries. National and corporate priorities have to be reset. Legal assumptions and institutional arrangements have to be re-examined. Just as importantly, people’s mindsets have to change. They have to acquire a scientific bent, develop a certain rigor in their thinking, and cultivate the capacity and inclination to turn knowledge into practical applications. People have to develop the willingness to question knowledge that is handed down and challenge intellectual authority – and be allowed to do so. Personal relationships have to be tempered by the objective application of law and rules in the conduct of government and business. In sum, the proverbial paradigm shift must take place. â€Å"Language, religion, political and legal systems, and social customs are the legacies of victors and marketers and reflect the judgment of the marketplace of ideas throughout popular history† (Rothkopt, David 1997). Rothkopt also stressed that culture is often seen as living artifacts, bits and pieces that are being passed from generation to generation through the processes of indoctrination, popular acceptance, and unthinking adherence to old ways. This way, cultural differences lead one nation to consider globalization a threat to one’s culture and eventually to one’s identity. Whether it is the rapid proliferation of Starbucks in Tokyo, changing realities of the real estate market in Greater Vancouver, the recent boom in Korean popular music and TV dramas in Taipei, or the widespread employment of Filipino maids in Hong Kong, the fabric of everyday life in many cities in the Asia Pacific region are comprised of increasingly transnational elements. Intensification of foreign direct investment, trade, cross-national corporate alliances and mergers, cultural exchanges, and university tie-ups have fortified world-wide links between people, organizations, regions, and governments of various nation-states. Terms such as â€Å"global economy,† â€Å"cultural diversity,† and â€Å"global environment† have wended their way into the lexicons of major business schools, while at the same time, a constellation of demonstrations and discontents have been stuffed into the category of â€Å"the anti-globalization movement. † Observing these trends and changes is an easy enough task, requiring little more than a walk along any major commercial street in any major city, or a casual perusal of university course catalogues. How one analyses and understands the changes associated with â€Å"globalization† are another issue, one that presents a considerably more complex intellectual problem. Does â€Å"globalization† writ-large promote greater understanding of cultural similarities and differences, or does it merely diffuse a wider array of simplistic and essentialist stereotypes? Does globalization propagate exploitation and income disparity, or does it offer the individual freedom of choice and convenience of standardization? Do these shifts bring the world closer together, consuming the same hamburgers in a new global community, or is this a homogenizing cultural imperialism, obliterating local cultures in MacWorld synchronicity? How does the nexus of global and local inform individual and collective identities and cultures? First, the historical context behind globalization needs to be kept in mind. While there are some obvious discontinuities as well as continuities, European expansion, modern colonialism, modernization, and globalization constitute different media for the intensification of global ties. For example, certain clothing practices for men in the Asia Pacific (such as wearing ties in suffocating humid midsummer heat) were initially disseminated via Western European imperialism and colonialism. The use of modern statistical methods to measure economic output is yet another example of a â€Å"global† standard originally propagated through the practices of colonial administrations throughout the region. This is not to suggest that the process of globalization can be explained solely by tracing the expansion of European notions of â€Å"civilization† and â€Å"modernity† (both terms which need to be examined critically before blind invocation) or that there is a universal teleology that history must inevitably follow, but to point out that the decoupling of cultural experience from particular geographic locales is not an unprecedented phenomenon. By acknowledging the historical precedents, we may focus our analysis on what might be different or new about the term â€Å"globalization† or whether we ought to discard the term entirely due to the absence of any meaningful conceptual or descriptive value-added. For example, some scholars have argued, however vaguely, that the speed, scale, and scope of these changes and flows have accelerated over the last fifty years. The oft-cited acceleration in the development and diffusion of communication technologies has facilitated the dissemination of information and intensified financial transactions. Thus, while commodity trade may be less global than in pre-1945 years, the amount of money traded in foreign currency exchange dealings or the capital flows through various investments is more intense now than before. Second, it is important to examine the underlying assumptions and operating definitions undergirding much of the debate. The ways concepts such as â€Å"culture† or â€Å"global† or â€Å"local† are defined invariably affect the analytical approach taken. For example, â€Å"culture† is a frequently contested term. Many disciplines such as anthropology, having devoted considerable efforts to grappling with the concept, consider it a central analytical issue. Conversely, some approaches in other disciplines might exclude it from analysis, feeling that â€Å"culture† is too vague a black box to constitute a meaningful independent variable. If one takes the former view, cultural industries and exchanges are central to any understanding of any economic, political, social, and technological change. If one adheres to the latter approach, then it makes sense to distinguish between â€Å"globalization,† confined to economic activities, and â€Å"internationalization,† applied to ‘cultural’ interactions. In another example, some scholars invoke Manichean contrasts between an idealized â€Å"local† or â€Å"traditional† culture and a menacing â€Å"global† or â€Å"modern† culture. If one associates â€Å"local† with sites of national purity and resistance to rising tide of global capitalists, â€Å"local† culture should presumably be protected and maintained. If one defines â€Å"local† culture as reactionary, ignorant, and parochial, than one would presumably wish that â€Å"global† culture ‘enlightens’ â€Å"local† culture. Such latent normative values need to be fore-grounded for any meaningful discussion to occur. Further complicating the issue is the fact that there are increasingly fewer pockets of isolated, undiluted fonts of â€Å"local† identity left, at least in the major urban centers. For example, some commentators in Korea assert that McDonald’s is undermining traditional Korean culinary culture, and promoting obesity in young Korean children. However, the employees and managers of McDonald’s in Korea are Korean, as are its customers (Choe, Yong-shik. 2001). For better or for worse, the reality is that to make it more essential the visions of ‘good’ â€Å"local† and â€Å"traditional† cultures elide the fact that cultures — at the global, national, regional, local, and individual levels — change over time, and are often retroactively reconstituted to serve political interests of a particular moment, place, or institution.

Disadvantages of Genetically Modified Food Products Essay

British scientific researchers demonstrated that genetically modified DNA from crops can find its way into human gut bacteria, raising possible health concerns. This is because antibiotic-resistant marker genes are inserted with GM material, which could cause a person to be resistant to antibiotic medicines. The study was conducted at Newcastle University on seven human volunteers who, in the past, had their lower intestine removed and now use colostomy bags. After eating a burger containing GM soy, researchers compared their stools with 12 people with normal stomachs. They found â€Å"to their surprise† that â€Å"a relatively large proportion of genetically modified DNA survived the passage through the small bowel. † None was found in people who had complete stomachs. To see if GM DNA might be be transferred via bacteria to the intestine, they also took bacteria from stools in the colostomy bags and cultivated them. In three of the seven samples they found bacteria had taken up the herbicide-resistant gene from the GM food at a very low level. Michael Antonio, a senior lecturer in molecular genetics at King`s College Medical School, London, said that the work was significant because the researchers demonstrated that you can get GM plant DNA in the gut bacteria, which was previously considered to be not possible. Antonio said the research suggests that antibiotic marker genes could spread around the stomach and compromise antibiotic resistance. If this were to happen, a person could be immune to beneficial antiobiotic medicines. Marker genes are inserted into GM plants to allow identification of GM cells or tissue during development. The House of Lords has called for them to be phased out as swiftly as possible. The research was conducted at the request of the UK’s Food Standards Agency, which released a statement saying the research, â€Å"concluded that the likelihood of functioning DNA being taken up by bacteria in the human or animal gut is extremely low. † * Genetically modified foods may gain undesirable properties. * The preservation of genetic variety in one specie is difficult. The technology make farmer to produce only one type fertile plants. * The technology may cause undesirable degeneration. So, surprisingly, low quality products may be obtained. * Genetically modified foods may change the microbial flora of the soil. It may cause deperdition of essential microorganisms on soil. This ruin natural balance. * When genetically altered microorganisms are consumed with food products, they may consolidate with human or animal organism. His combination may cause deperdition, metamorphosis, or any other strange organisms. * If the foods which were made antibiotic resistant by gene technology are consumed, it may give the same property to human. This cause failure of antibiotic-based treatments. * By this technology transferred genes may contaminate to other organisms undesirably. This may cause biologic disaster. * As a ring of nature chain, insects may be influenced by genetically modified foods and insects can develop resistant mechanism. * Even beneficial foods that carry toxic effect genes can cause human illness. * There is a risk of formation one kind of flora. * Other organisms in the same medium may be influenced by genetically modified foods. Video Transcription. This transcription will have some mistakes because it is partially automated. Hey guys! This is Heather from HealthyEatingStartsHere. com. Today I wanted to talk to you about the disadvantages of genetically modified food. I do mention genetic modification every so often and to be on the lookout for it and that’s one of the reasons why I buy organic foods. And whenever I mentioned I always got a lot of question what it is? Why is it bad? All that kind of stuff! So first of all let’s look out what exactly it is. Genetic modification is when a scientist, genetic engineer goes into the actual DNA of a seed and changes something about the DNA. What it is depends on what they are trying to do. Often in food crops what they’re doing is they’re slicing in a little bit of some other species of plant or animal into the seed for certain traits that they want that plant to have. So if you are a vegan and you’re concern about animal rights and the use of animal products in your food, you wanna be really careful about genetically modified food because they might have some animal genes place in. And that involves not only the animal gene but obviously they are taking it from somewhere so there is some kind of animal experimentation going on. Aside from that, another thing that often comes up in question of what’s the difference between genetic modification and hybridization? Because people have been making hybrids for a long time, is that bad? Well, the difference is with hybrid foods what they’re doing is that they are taking two plants and they’re putting them together, kind of like mating them and producing a slightly different second generation off spring. So, it’s different because they’re not going actually on the actual DNA of the seeds and changing things mechanically. They are cross breeding and hybridization have been going on for a long long time since the beginning of agriculture really and genetic modification is very very new. It only started being experimented with in the late 1980’s and then it’s only been on the commercial scale since the late 1990’s. So not a lot of time they have been gathering data on what the long term effects are and that is one of the main disadvantages that people talk about with genetic modification. Today I want to focus more on the positive and look at what can we come up with as better solutions to whatever it is that people are trying to which are like genetic modification. If you want to read more about the disadvantages, I did write about them in my blogs, you can check that out at HealthyEatingstartsHere. com but again let’s take a look on the positive. The benefits that people are going for in genetic modification, one of the first one is the resistant to pesticides and herbicides. What happens there is well let’s take the biggest example which is Roundup ready crops. Roundup is a chemical that is a herbicides so it kills plants. You probably heard of it, people use it on their lawn, stuff like that and basically just wipes everything out. And what’s the company that produces Roundup called Monsanto wants to do is allow farmers to go out and spray field of crops and have Roundup kill all of the weeds that they don’t want but leave the crops growing. So what they do is they go onto the seeds of these major crops and changed it so that Roundup does not kill them. So that’s one of the biggest and first uses of genetic modification and the solution there if you look at organic food production, the bases behind the whole process is about making plants healthy, making the soil healthy first so that it grows healthy plants and those healthy plants won’t have diseases won’t get pests and will grow in healthy soil and the weeds won’t even be a problem. So it eliminates the need for these Roundup ready crops, I mean it’s more complex than that but that’s the – the basic idea is let’s look at what we want and create that rather than taking how things are and kind of putting a band aid on it and trying to make it better. So you can read a little more about this over at my blog, go check that out but I wanna hear from you guys. Leave me a comment and let me know what you think about genetically modified foods. And whether you think there are some major disadvantages, whether you think they’re important, what you think are some good solutions that would be really awesome thing hear from you guys, what you think some better ways of doing things would be so let me know and I’ll see you guys next time. < p>Hey guys! This is Heather from HealthyEatingStartsHere. com. Today I wanted to talk to you about the disadvantages of genetically modified food. I do mention genetic modification every so often and to be on the lookout for it and that’s one of the reasons why I buy organic foods. And whenever I mentioned I always got a lot of question what it is? Why is it bad? All that kind of stuff!   first of all let’s look out what exactly it is. Genetic modification is when a scientist, genetic engineer goes into the actual DNA of a seed and changes something about the DNA. What it is depends on what they are trying to do. Often in food crops what they’re doing is they’re slicing in a little bit of some other species of plant or animal into the seed for certain traits that they want that plant to have. So if you are a vegan and you’re concern about animal rights and the use of animal products in your food, you wanna be really careful about genetically modified food because they might have some animal genes place in. And that involves not only the animal gene but obviously they are taking it from somewhere so there is some kind of animal experimentation going on. Aside from that, another thing that often comes up in question of what’s the difference between genetic modification and hybridization? Because people have been making hybrids for a long time, is that bad? Well, the difference is with hybrid foods what they’re doing is that they are taking two plants and they’re putting them together, kind of like mating them and producing a slightly different second generation off spring. So, it’s different because they’re not going actually on the actual DNA of the seeds and changing things mechanically. They are cross breeding and hybridization have been going on for a long long time since the beginning of agriculture really and genetic modification is very very new. It only started being experimented with in the late 1980’s and then it’s only been on the commercial scale since the late 1990’s. So not a lot of time they have been gathering data on what the long term effects are and that is one of the main disadvantages that people talk about with genetic modification. Today I want to focus more on the positive and look at what can we come up with as better solutions to whatever it is that people are trying to which are like genetic modification. If you want to read more about the disadvantages, I did write about them in my blogs, you can check that out at HealthyEatingstartsHere. com but again let’s take a look on the positive. The benefits that people are going for in genetic modification, one of the first one is the resistant to pesticides and herbicides. What happens there is well let’s take the biggest example which is Roundup ready crops. Roundup is a chemical that is a herbicides so it kills plants. You probably heard of it, people use it on their lawn, stuff like that and basically just wipes everything out. < p>And what’s the company that produces Roundup called Monsanto wants to do is allow farmers to go out and spray field of crops and have Roundup kill all of the weeds that they don’t want but leave the crops growing. So what they do is they go onto the seeds of these major crops and changed it so that Roundup does not kill them. So that’s one of the biggest and first uses of genetic modification and the solution there if you look at organic food production, the bases behind the whole process is about making plants healthy, making the soil healthy first so that it grows healthy plants and those healthy plants won’t have diseases won’t get pests and will grow in healthy soil and the weeds won’t even be a problem. So it eliminates the need for these Roundup ready crops, I mean it’s more complex than that but that’s the – the basic idea is let’s look at what we want and create that rather than taking how things are and kind of putting a band aid on it and trying to make it better. So you can read a little more about this over at my blog, go check that out but I wanna hear from you guys. Leave me a comment and let me know what you think about genetically modified foods. And whether you think there are some major disadvantages, whether you think they’re important, what you think are some good solutions that would be really awesome thing hear from you guys, what you think some better ways of doing things would be so let me know and I’ll see you guys next time. A lot of people aren’t clear on what exactly genetically modified food is. Very simply, it’s food that’s been changed on a genetic level through genetic engineering. The process usually involves splicing in a gene from a different species of plant or animal to take advantage of certain traits. Hybridization causes some confusion here, since it’s also a way of breeding plants (or animals) for certain traits. The difference is that hybrid food is created through cross-breeding two plants into a second generation. Genetic modification is done directly in the DNA of a seed. The main benefits producers are going for in genetically modifying food plants is a resistance to pesticides and herbicides, better tolerance of extreme weather conditions (like drought), longer shelf lives, and an increase of certain nutrients (like vitamin A-infused rice). That all sounds good on paper, but there are some serious disadvantages of genetically modified food. The most blatant one is that this GM seeds are already in widespread use in the industrial agriculture food chain without having had long-term testing. They only started small scale experiments in the late 1980’s, and large scale operations started in the late 1990’s. The future effects on our health, our environment and the sustainability of our food crops aren’t easy to predict in the best of times, but GM foods and crops throw a real curveball in the mix. Because they are a fundamentally new organism, there’s a lot of speculation that GM foods are treated as allergens – foreign invaders – by our bodies. There’s also the potential of splicing in a gene that is a natural allergen. The disadvantages of genetically modified food don’t stop at health and environmental concerns. There are some serious social justice issues, where farmers in developing nations (and even those in rich countries) are generating massive profits for large corporations without any gains for themselves. In fact, lots of farmers in India kill themselves because they just can’t see a way out of the downward spiral of paying for seeds that require paying for pesticides and fertilizers and machinery, then paying for more seeds and now having to pay for irrigation systems because their land is drying out†¦ Now, that’s just a quick overview of the disadvantages of genetically modified food. I don’t really like to dwell too long on the negative side of things, but sometimes it’s important to know why you don’t do certain things. What I much prefer looking at is the positive side of what you can do instead. If you look at the benefits of GM crops, there isn’t a need to use genetic modification to get them. Organic methods of growing food are about making plants optimally healthy, so that they don’t need pesticides, fertilizers or herbicides. Growing healthy plants from healthy soil also makes for higher nutrient levels, and getting a variety of healthy foods is a better way of getting nutrients than protein-enhanced sweet potatoes or vitamin A-enhanced rice. Growing food in polycultures (lots of different types of plants together) rather than massive monocultures (like the enormous fields of corn or soy beans you see all over North America), and using different varieties of plants brings biodiversity that can better withstand extreme environmental conditions. It’s like building diversity in your investment portfolio – having a wide variety of stocks helps lessen the impact of one or a few companies crashing. Local food systems make shelf life less of an issue. Besides, do you really want to eat rice that could last for a few years? When the farmers are the ones who are starving, there is something seriously wrong in our food supply chain. My main question is this: If there are so many unknowns and disadvantages of genetically modified food, why don’t we put our efforts into better solutions – ones that address the root of the issues? The best way to avoid the disadvantages of genetically modified food is to grow your own – and if you don’t have space or time for a vegetable garden, a jar of sprouts on the windowsill is still awesome. If you need pointers, you can watch me show just how easy it is to grow alfalfa sprouts at home. Want to know it? Answers to life’s questions Want to know it? This blog has a little bit of everything to challenge your mind and find answers to life’s questions. Home Disadvantages of Genetically Modified Food By: Want To Know It Photo Credit wheat field image by Soja Andrzej from Fotolia. com Genetic engineering has been practiced in the form of selective breeding throughout the history of agriculture. However, the discovery in 1953 of the structure of DNA gave scientists the ability to insert genes from one life form into those of a completely separate life form, thus arriving at the modern genetic engineering movement. Genetic engineering is fraught with controversy regarding its ethical and moral implications and health effects. Cancer Genetically modified foods share certain toxic effects on the liver, pancreas, kidneys and reproductive system that may cause cancer in these organs, according to a Greek study published in the February 2009 â€Å"Critical Reviews in Food Science and Nutrition. † The widespread use of recombinant growth hormone — a genetically modified substance — in the agricultural industry is associated with increases in IGF-1, a growth hormone that, in excess quantities, can lead to cancer. Sponsored Links Humanization Special Rapid, Powerful, Full length IgG Short time only End-of-Year Pricing www. BioAtla. com Allergy Allergic reactions to genetically modified foods may arise due to the presence of proteins derived from the plant or animal used to modify the food, according to a U. S. study published in the July 2009 â€Å"Toxicological Sciences. † Current safety standards involve evaluation of the foreign proteins for allergenic potential, and a database of known allergenic proteins has been compiled, along with computer programs for assessing potential allergenicity of proteins. Additionally, animal and non-animal testing methods are being developed to assist in the process of screening for allergenicity. Intestinal Immunity Genetically modified corn caused an immune reaction in mice in an Italian study published in the December 2008 â€Å"Journal of Agricultural and Food Chemistry. † Mice fed genetically modified corn for 30 days showed altered levels of white blood cells; interleukins, a category of protein molecules that regulate immune function; and MIP-1beta, a chemical produced by certain white blood cells that initiates inflammation. The researchers noted that young and old mice were similarly affected by the modified corn. Endometriosis Rising rates of endometriosis coincide with increased consumption of genetically modified foods over the last decade, according to a Canadian report published in the December 2010 â€Å"Gynecology, Obstetrics and Fertility. † The presence of pesticide residue and foreign proteins in genetically modified foods may be the culprit, say the authors, citing the â€Å"low-dose hypothesis† that accumulation of toxins, along with added chemicals for the stabilization and delivery of pesticides designed for use with genetically modified foods, multiply the risk factors and could be harmful for their immune-toxic effects and ability to disrupt the endocrine system. Read more: http://www. livestrong. com/article/345554-disadvantages-of-genetically-modified-food/#ixzz2G2YGRNlT. Genetically modified food has been on the market since the early 90’s and since that time has attracted both positive and negative attention. Many people believe genetically modified food to be unsafe for human consumption and a hazard to the natural environment. There have been numerous studies undertaken to determine the risks involved with genetically engineering foods. As yet no set conclusions have been reached about the risk involved with genetically engineered food and strict guidelines have been established to regulate the genetically modified foods that can be sold to the consumer. What is Genetically Modified Food? Genetically modified food is food that has been altered at the DNA level. This is done by very precise genetic engineering techniques developed by scientists. In general the aim of genetically modifying food is simple, either to make the food more marketable or make it easier to produce. Most food that is genetically modified are plant products or vegetables such as soybeans, corn and tomatoes. The genetic modification of crops happened prior to scientific engineering via breeding and cross pollination. This method is still used to create crops that are more resistant to pests or to produce plants that yield bigger harvests. Scientific genetic engineering allows for a specific gene to be taken from one organism and transplanted into another. The gene responsible for making a plant resistant to pests can be quickly and efficiently transplanted into another plant allowing it to gain this resistant property. Disadvantages of Genetically Modified Food. †¢ There have been numerous criticisms leveled at genetically modified produce and it is important that we as the consumer are informed about the possible drawbacks of a product. †¢ Changing plants may have lasting effects on other organisms in the ecosystem. The change in a plant may cause it to be toxic to an insect or animal that uses it as its main food source. †¢ Due to the widespread use of insect resistant genes in crops the insects may become resistant to the genetic modifications. This would cause a widespread loss of crops and plants that have the natural immunity leading to a loss in biodiversity. †¢ Breeding and cross pollination across unintended species could occur resulting in things such as insect resistant weeds. †¢ Cross pollination can also occur across crops that are not genetically modified leading to lawsuits about who owns the GM technology and seed. The same thing can happen between organic crops and genetically modified crops making it difficult to maintain an organic status. †¢ A huge concern is that genetic modification could cause allergies in humans due to gene modification of plants. People may find that they are now allergic to other food products – people because they contain a gene from the allergen they have. One example is the use of a Brazilian nut gene in corn. †¢ Some studies have shown that it may affect the human digestive system in a number of ways. The incorporation of substances that may interact badly with one another in food or in fact be poisonous to people may happen. The modification of certain genes may make some plant substances difficult to digest at all. †¢ A major economical concern is that the control of world food sources may be limited to large companies because they own the GM seeds and have the money to start and finish the accreditation process. †¢ Genetic modification can also make it difficult to know what you are eating, as a plant could contain animals products via genetic engineering. This could cause issues for those with dietary restrictions and religious commitments. Related Articles.