The Growth of World Exports Research Paper Example | Topics and Well Written Essays - 2500 words - 3

The Growth of World Exports - Research Paper Example Third, the strong regional developments have been accompanied by strong growths in merchant dice trade as Table 1 would show.   The strong economy of emerging countries is accompanied by strong exports and imports. Fourth, export growth the receives continued support from the world economy. As Table 1     below shows, the combined merchandise exports of major economies integrate into the strong export growth of the world of 6.5% in 2005, 8.5% in 2006 followed by a decline of 5.5% in 2007.   In   2007, the effect of the recession is starting to appear as trading slows down in most of the countries, with exception of the emerging economies that displayed its strength beyond the crisis. We have seen China, Asia and India emerged as strong exporters.  Tariff and quotas are both methods of controlling imports but the tariff is preferred over the other because of its advantages. Tariff is a tax placed on imported or exported goods while quota is a government imposed limit on th e importation of goods. Tariff is a source of revenue for the government and frequently imposed to protect domestic producers from foreign competition (Boyes & Melvin, 2000.p. 494).   For instance, a country that does not produce cars may place a tariff on imported cars. The quantity imported will be controlled because of the increase in price and the lessened demand for the cars because of the price.   The tariff has an effect of reducing importation.  The quota is another government tool that puts a limit to the quantity or value of goods and services imported and exported. A quota may be imposed through quantity quota or a value quota.   In a quantity quota, the physical amount of good is restricted. For example, the United States has a U.S. quota for its sugar importation that is set yearly that depends on their domestic needs. For 2010, U.S. quota based on quantity is 1.471 million of sugar (Bjerga, 2010). Another kind of restriction related to quota is valuing quota th at restricts the money value of the product, so instead of physical quota, the U.S. could limit the dollar value of sugar imported (Boyles & Williams, 494)

Describe How Human Resource Management helps in increasing and Research Paper

Describe How Human Resource Management helps in increasing and improving employee efficiency and perfomance in work place - Research Paper Example HRM Effects on Employees in a Workplace: The human resource management team in a workplace has a significant effect on the performance and improvement of the organizational employees. There are several measures that an HRM team considers in order to realize the potential and capability of the employees, their chances of improving and hence the methods to help them out for enhancing their work and career opportunities. It is for this reason that HRM is one of the most essential parts of every organization as it deals with the employee performance, their training and development as well as their retention in the organization for a longer period of time. This also involves planning of compensation packages strategically such that the employees may be motivated and encouraged to give their best performance for their organization. Considering such an important role of the HRM, some of the concepts that the team follows in regard to their employees are discussed in this research. Training and development involve learning and developing the skills required for any task to be completed by the workforce (Bhatia 257). The HRM of an organization provides its employees with such training and development such that their job skills are enhanced. As a result the performance of the employees improves. Moreover, with training, the enhanced performance of the employees is maintained for a longer period of time. Development reflects on the growth of the employees in terms of their performances as well as skills (Bhatia 257). Thus with development of the employees, organizational employees obtain an overall growth which is focused towards their career as well. Training and development are the roles of the HRM in a workplace positively affecting the performance of the employees. Performance management is another role of the HRM that is focused on the development of the working teams as well as of the individual employees thereby enhancing their capabilities and enabling gain of suc cess by the organization. Appraisals involve organized assessment of the performances of employees in a workplace associated with their behavior and effective completion of tasks depending on which they might be rewarded or trained accordingly (Tatichhi 196-197). Thus performance management and appraisals allow an understanding of the present status of an employee in terms of his performance which can accordingly be rewarded or improved. Thus this measure can be said to have positive implications on the performance of the employees who would try to give their best to achieve positive feedbacks for their work. Strategic plans are often utilized by HRM while planning for the compensation packages of the employees. Establishment of strategic pay plans is considered as a strategic measure of the HRM in a workplace that is focused on planning of the compensations in a manner such that the right people can be attracted to the organization. This compensation planning may not match with tha t prevalent in the marketplace (Kumar 284). Thus such strategic plans as followed and implemented by the HRM of an organization can be said to be effective in improving the performance of the employees. This is primarily because, with increased pay and rewards, the employees would be further encouraged towards considering their