The Property Control Department Is Responsible For The...

Policy (function) The Property Control Department is committed to the smooth and effective operation of East Central Regional hospital. Property Control is necessary to move, retrieve, store, and maintain accountability of all property and equipment for Individual and State property. In addition, to properly disposing of items that is either broken or are no longer useful, it will provide folding tables and chairs, including transportation for special functions and events hosted by East Central Regional Hospital. Property Control will also pick-up and provide storage and/or transporting of records to be stored in the local or State Archives Records storage area and provide campus-wide shredding support. Procedure Requesting for Property†¦show more content†¦The Department Name, Building number, room number, contact name and phone number 3. Next, indicate on the form, where to deliver the property, which is the â€Å"To† section. The Department Name, Building number, room number, contact name and phone number. 4. If you are requesting for tables and/or chairs, the Department will be warehouse or property control, Building 20, in the â€Å"From†, section. 5. If you are requesting for a pickup of a broken item or inoperable appliance indicate on the form, warehouse or property control, Building 20, in the â€Å"To† section. 6. Select if this request is a safety or behavioral concern, this will help to prioritize the work schedule. 7. Select the date of request, which is commonly used for order tables and chairs for special events and activities though out the campuses. 8. Indicate the quantity of the asset in the first column, next the description of the item. For example: chair, black, broken, then if applicable, serial number and state number. Make to list each item, in order to make sure that the warehouse is sending adequate manpower and equipment to complete the request in a timely and efficient manner. 9. The Property Control form must be scanned or sent as an attachment (preferred) to propertycontrol@dbhdd.ga.gov. 10. The Property Control email address is frequently monitored by the Warehouse Manager and Clerk. Unless a specified date of request is indicated on the form, or if it is not a safety or behavioral

Maslow s Hierarchy Of Needs - 893 Words

Research into Thrive and how it compares to Maslow’s Hierarchy of Needs The Thrive approach was created by a body of specialists including OFSTED who have worked within education since 1994. Thrives approach is to identify children at an early stage in their emotional development. Addressing the emotional development of an individual at an early stage can build upon the individuals or child’s resilience, which in turn can help reduce the risk of mental illness. Currently, there are thousands of schools across the United Kingdom using the intervention to help their children. Thrive helps to re-engage children who are on the brink of exclusion with improved communication between educational staff and various outside agencies who have been involved with the child’s well-being. The main aim of the approach is to help those individuals who have been affected through the initial process of growing up. The damage caused through lack of enriched parental care for the child the child can form a sense of low self-esteem, if this occurs, it could affect the individual’s outlook on life making the individual feel unwanted or loved. For example, if the child believes that they are no good at something, say football, the child becomes quiet and unable to take part within the session, and would require encouragement by the coach or fellow players. The child who shows low-self esteem is most likely to improve by being shown the positive thing s that the child can achieve, for example, howShow MoreRelatedMaslow s Hierarchy Of Needs1741 Words   |  7 PagesMaslow’s hierarchy of needs and Herzberg’s. The Maslow’s hierarchy of needs include five levels, and at the certain extent, reflect the rule of human s activities on psychological and behavior. Herzberg’ describe the more details of worker agree or disagree about working. In this essay, more related knowledge details and effects will de described, then, analysis the two theories individual, choose a better one. II. Describe the two theories. 2.1Maslow’s hierarchy of needs The Maslow’s hierarchy of needsRead MoreMaslow s Hierarchy Of Needs1536 Words   |  7 Pagesunderstanding of how to motivate different personality types. In the research I am going to compare Maslow’s hierarchy of needs against Lawrence and Nohira’s 4 drive theory in an attempt to better understand their possible uses inside an organizational structure. Let’s first take a look a look at the two theories before discussing their potential benefit. Maslow’s Hierarchy of Needs. We need to keep in mind that Maslow’s field was phycology, so his research was done from a medical viewpoint more soRead MoreMaslow s Hierarchy Of Needs1295 Words   |  6 PagesMaslow’s hierarchy of needs (p. 379 in EP)? Outline each level and discuss how it relates to motivation. Abraham Maslow was born in 1908 in Brooklyn, New York. He originally studied law because of the influence of my parents, but after marrying his first cousin, Bertha Goodman, and moving to Wisconsin, he became interested in psychology. After achieving his Masters in Psychology, Maslow moved back to Brooklyn and started teaching at a school there. â€Å"One of the many interesting things Maslow noticedRead MoreMaslow s Hierarchy Of Needs1524 Words   |  7 PagesSummary of Maslow’s The Hierarchy of Needs Abraham Maslow developed the theories of motivation because he felt that the sophistication of human behavior could not be portrayed through reinforcement or rewards. He felt that human action were directed toward realization and fulfillments and that behavior could be gratified while using multiple types of needs at the same time. Maslow wanted to find positive motivation as to why people react or engage in certain behaviors. He felt that basic survivalRead MoreMaslow s Hierarchy Of Needs982 Words   |  4 PagesAbraham Maslow was one of the most influential and important educational psychologists and is recognized by many for his theory on mankind’s hierarchy of needs. Maslow’s theory which is known as â€Å"Maslow’s Hierarchy of Needs† is best explained as a pyramid of needs that we as humans must meet in order to progress to another stage of needs. There are five stages in the pyramid of needs and they go as follows: physiological, safety, love and b elongingness, esteem, and finally self-actualization. MaslowRead MoreMaslow s The Hierarchy Of Needs1769 Words   |  8 Pages Summary of Maslow’s The Hierarchy of Needs Jennifer Thompson Arkansas Tech University Author Note This individual research paper is being submitted on October 13, 2014 for Loretta Cochran’s Management [BUAD 3123] course. â€Æ' Summary of Maslow’s The Hierarchy of Needs Abraham Maslow developed the theories of motivation because he felt that the sophistication of human behavior could not be portrayed through reinforcement or rewards. He felt that human action were directed toward realizationRead MoreMaslow s Hierarchy Of Needs1498 Words   |  6 Pagesjust want to survive in life they want to flourish. Maslow s hierarchy of needs explains to us a ranking of needs for most essential to the least. While the interactionist point of view explains how humans are social creatures and social interaction is just as important as all of the other needs listed on Maslow’s Model. Maslow s hierarchy of needs is a ranking of needs for most essential to the least. Corrections Today explains that Abraham Maslow was an American psychologist born in New York, heRead MoreMaslow s Hierarchy Of Needs Essay1527 Words   |  7 Pages This international technology company demands strong motivation, stupendous leadership and great understanding between workers. Leaders need to create willingness amongst the employees to operate at their highest potential; this willingness is referred to as motivation. This report is based on a content/needs theory of motivation (Maslow’s hierarchy of needs). It consists of two pieces of primary research on the theory. The first one summarises worker motivation on selected construction sites inRead MoreMaslow s Hierarchy Of Needs1388 Words   |  6 Pages Abraham Maslow was an American philosopher who was born in the early 1990 s in Brooklyn, New York. He was one of the leading theorists that promoted humanistic psychology during his era. Maslow sought to understand what motivates and inspires individuals. He theorized that individuals possess and hold a group of motivation and incentive systems not related to plunder or insensible desires. Maslow declared that people are motivated and provoked to attain certain needs. When one need is fulfilledRead MoreThe Maslow s Hierarchy Of Needs Essay1014 Words   |  5 Pages Maslow’s hierarchy of needs Submitted by: Deepali Kotecha (student number: 4288370) Submitted to: Mr Simon Bishop Date: 14th November 2016 Introduction to management University of Nottingham First year coursework Table of contents Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦3 Introduction Running and managing a successful company requires strenuous efforts. Organisations are forced to be flexible, efficient and productive to excel at their performance. This

China Communist Party Free Essays

Communist Victory The victory of the Chinese Communist Party (CCP) over the Nationalist faction in the Chinese Civil War was a direct result of numerous influences, both internal and external. However, three important reasons for the CCP’s victory can be attributed to the Japanese attack and occupation of China during World War II, the CCP’s treatment of the Chinese people, and the political failures of the nationalist forces. The combination of these historical events provided a situation that allowed the CCP to defy the odds and take over China. We will write a custom essay sample on China Communist Party or any similar topic only for you Order Now The Japanese invasion of China in 1937 was the setup for the eventual success of the CCP. Although it cost the CCP manpower and resources, the Japanese attack allowed for the formation of a political environment that favored the spread of the communist party. The Japanese help legitimize the CCP by singling it out as a special enemy and instructing the Japanese supported puppet government in the job of exterminating the communists in their jurisdictions. The phrase, â€Å"the enemy of my enemy is my friend† applies in this situation. After the mistreatment the Chinese population endured under Japanese occupation, it is easy to comprehend why the Chinese people would gravitate towards a group that was so despised by their main tormenter. The added attention that the CCP received from the Japanese occupiers showed the Chinese people that the CCP was a force to be reckoned with, and a possible threat to Japanese interests in China. This publicity put the CCP’s in the minds of the people as a counter to the Japanese. The Japanese invasion left a power vacuum for the CCP to fill. As the Japanese forces advanced, â€Å"the traditional ruling elite evacuated†¦ and left peasants to defend for themselves during the eight years of occupation. † This allowed for the CCP to move in to the areas without leadership and gave the CCP the opportunity to win over public support. The Japanese military expansion into the region forced the KMT forces out of the area, but as Japanese units left the area, the CCP moved in, taking the place of the KMT government. The invasion of China also changed how the peasants viewed China as a whole. Before the invasion, the people â€Å"were a passive element in politics†¦absorbed in local matters and only had the dimmest sense of ‘China’. † However, the Japanese invasion changed how many peasants saw their role in greater population, and focused more on issues like â€Å"national defense, citizenship, treason, legitimacy of government, and the long-range betterment of the Chinese state. † The Japanese attacks on the Chinese people motivated them into shifting their thinking. They now had to think about who was going to protect their lives and property. With both nationalist and communist factions fighting the Japanese army, the interactions of the people and anti-Japanese forces would influence on what side the people agreed. In Edgar Snow’s Red Star Over China, Snow shares his account of what he witnessed during his time in China reporting on the actions of the communist party. Snow noticed, â€Å"most of the peasants†¦seemed to support the communists and the Red Army†¦and when asked whether they preferred it to the old days, the answer was nearly always an emphatic ‘yes. † Snow provides detail about the policies that allowed the peasants to favor the new communist rule in their region, writing that, â€Å"the Reds gave land to the land-hungry peasants, †took land and livestock from the wealthy classes and redistributed them among the poor. † The CCP polices also allowed for upper classes to not lose everything but rather †both the landlord and the rich peasant were allowed as much land as they could till with their own labor. † Although some may question the total accuracy of Snow’s work, it cannot be disputed that the policies Snow refers to did indeed influence the people into supporting the communists. Another key point on how the CCP won over the peoples’ support is the rules and policies to which Mao’s followers were forced to adhere. Simple orders like do not steal, return what your borrow, replace what you break, and be courteous allowed the CCP to earn the loyalty of the Chinese people. The communists showed special effort in appealing to women, as they hoped to win over a group of people who were traditionally an oppressed class. Instead of using only force, this respectful behavior towards the people wooed them into the supporting the CCP. The CCP actively took the communist message to the people. The communist way was presented as an ideal society for the Chinese to thrive under, and offered hope to the masses. The CCP sent out propagandists and troupes of actors teaching and entertaining the people the new superior communist way. Nationalist feelings were also stirred by the CCP in the war against the Japanese, aiding in uniting the people under the organized communist resistance. The KMT also played a vital role in the eventual communist victory in main land China. Before the second Sino-Japanese War began in 1937, the KMT focused not on the growing Japanese threat, but instead the communist faction in China. The communist forces retreated, but were not entirely eliminated. This move left open the opportunity for the CCP to grow, adapt and eventually take on the nationalist forces again at a later time. The war with Japan highlighted the failures of the nationalist regime. Hsi Chi in his work Nationalist China at War states that the abuse of the people at the hands of the nationalists â€Å"made the government appear in the people’s eyes as symbol of oppression and exploitation, and provoked widespread disillusionment and alienation among the people. This attitude in relation to the government allowed for the CCP to have a better chance at persuading the people to join the communist movement. This failure to gain the support of the people is seconded by a soldier in the nationalist army in a letter to America. The soldier, Rau Huang, writes, â€Å"In the early stages of our war against the communists, our government was negligent in not seeking the support of the masses†¦the communists did not neglect this opportunity†¦Ã¢â‚¬  The communist victory in the Chinese Civil War was a major moment in the 20th century. The communist had the fortune to have an environment that allowed their efforts to carry on despite being targeted by two other factions. A prolonged Japanese invasion permitted the CCP to move into regions and garner support from the people that may not have been available otherwise. Without a Japanese attack, a sense of nationalism may have been harder to produce from the populace. The party’s organization and methods to gain the support of the masses would prove vital in the victory as well, showing the people a new future that could be achieved. The nationalist forces were defeated in part because they didn’t eliminate all the communists before the war with Japan, and their own disorganization and inability to gain support from the people proved to be too much to overcome. Certainly, these are not the only reasons why the CCP succeeded in taking control of China, but these elements each played their part in the puzzle that led to final victory of the Chinese Communist Party. Works Cited Babb, Geoff, â€Å"The Chinese Civil War† (presentation, University of Kansas, Lawrence, KS, October 29, 2012). Chi, Hsi. Nationalist China at War: Military Defeats and Political Collapse, 1937-45. Ann Arbor: University of Michigan Press, 1982. Huang , Ray. â€Å"Letter From Nanking. † Military Review, December 1948. Johnson, Chalmers. Peasant Nationalism and Communist Power, etc. Stanford: Stanford University Press, 1966. Snow, Edgar. Red Star over China. New York: Grove Press, 1968. ——————————————– [ 1 ]. Johnson, Chalmers. Peasant Nationalism and Communist Power, etc. (Stanford: Stanford University Press, 1966), 32. [ 2 ]. Johnson, Peasant Nationalism and Communist Power, 70. [ 3 ]. Johnson, Peasant Nationalism and Communist Power, 69. [ 4 ]. Johnson, Peasant Nationalism and Communist Power, 69. [ 5 ]. Snow, Edgar. Red Star Over China. (New York: Grove Press, 1968), 222. [ 6 ]. Snow, Red Star Over China, 222. [ 7 ]. Snow, Red Star Over China, 222. [ 8 ]. Babb, Geoff, â€Å"The Chinese Civil War† (presentation, University of Kansas, Lawrence, KS, October 29, 2012). [ 9 ]. Babb, â€Å"The Chinese Civil War†. [ 10 ]. Babb, â€Å"The Chinese Civil War†. [ 11 ]. Chi, Hsi. Nationalist China at war: military defeats and political collapse, 1937-45. (Ann Arbor: University of Michigan Press, 1982), 190. [ 12 ]. Huang , Ray. â€Å"Letter From Nanking. † Military Review, December 1948. How to cite China Communist Party, Essay examples

Introduction to International Business

Introduction Southwest Airlines Co. is one of the largest passenger air-carriers in the United States. This company started its operations in the year 1971 with 3 Boeing aircrafts, whose operating points were Dallas, Houston and San Antonio cities. Advertising We will write a custom essay sample on Introduction to International Business specifically for you for only $16.05 $11/page Learn More By the year 2008, Southwest Airlines Co. had grown very large, as it was by then operating more than 500 Boeing 537 aircrafts. As it has been revealed, this company one of the major economic boosters in US, since it contributes about 30% tax revenue made from the airlines industry. More so, Southwest airlines Co. offers about 27,000 employment opportunities in the United States. One of the main advantages experienced by this company in terms of cost is that, it mainly relies on Boeing 537 aircrafts (Brown, 2010). This paper presents analysis of the legal issues fac ing Southwest Airlines Co. As reported by Morrison Winston (2006), government policies in the airline industry have largely been impacting on the Southwest operations. With the establishment of competition law among business organizations, Southwest Airline Co. has been largely limited to form strategic alliances with other companies. Since the competition law considers market dominance through mergers and acquisitions as unhealthy practices, the company has for long been operating solely. According to Belobaba (2009), the new law on competition considers monopolies as illegal, in which business organizations should limit their alliances to avoid market dominance. Certainly, this Act on Competition has been quite significant in the operations within the Southwest Airline Co in order to avoid unnecessary fines due to violation of the competition law. Fiscal policies like high tax rates on the airline industry have impacted a lot in the industry. As a result, high air transport char ges, as well as reduced salaries and wages in the airline industry have been experienced in the industry. Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More This has largely impacted negatively on Southwest Airlines Co since it was necessitated to retrench its employees as a result of the high taxes imposed by the government (Belobaba, 2009). However, the government has credibly improved the airline infrastructure to facilitate efficiency in the industry. Particularly, the government has established sophisticated airports and hotel services to ensure provision of quality services in the industry. Security systems have as well been reinforced to ensure safe air travels and counter terrorism successfully. According to Don (2007), the massive reinforcement of security in the airline industry has scarped off any fear that people had previously in the airlines as a result of terrorism. This reinf orcement of security has created larger market for the services offered by Southwest Airline Co, resulting into increased profits. It is important to note that, the company’s revenues declined by 40% after 09/11 attack, which resulted into huge losses. On this basis, the reinforcement of security in the international airports within US has facilitated increased income in the Southwest Airlines Co (Brown, 2010). Conclusion As it has been observed in the Southwest Airlines government and legal policies have largely been impacting its operations. With the establishment of the competition law, the company is largely limited to form mergers or acquire other companies to enhance its high market share through dominance and monopoly power. More so, fiscal policies like high taxes imposed in the airline companies have adversely affected the Southwest Airlines. Further, the reinforcement of security in the airports by the government has impacted positively in the Southwest Airlines C o. References Belobaba, P. (2009). The Global Airline Industry (Aerospace Series). Washington, DC: Wiley Publishers.Advertising We will write a custom essay sample on Introduction to International Business specifically for you for only $16.05 $11/page Learn More Brown, J. (2010). The Southwest Airlines’ Strategy. International Airlines Journal, 72(5): 342-357. Don, P. (2007). Southwest Airlines Trends after 2009 Crisis. Business Quarterly, 21(7): 57-83. Morrison, S. Winston, C. (2006). The Trends in the Airline Industry. San Francisco: Brookings Institution Press. This essay on Introduction to International Business was written and submitted by user Centennial to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Consequences of Idenity Theft

Consequences of Idenity Theft Free Online Research Papers The definition for identity theft is the fraud appropriation and use of someones identifying or personal data or documents as a credit card. Identity thieves usually make multiple credit cards under one name causing bad credit and debt to the innocent victim. Most people dont realize that theyve been a victim of identity theft until they either try to buy a car, buy a house, or get another credit card issued in their name. Almost impossible to catch, indentity theives are almost impossible to catch, they are finding newer and newer ways to steal your identity. Identity thieves can get your information in many different ways. The traditional way to get your information is by get shredded credit card applications and bank statements with your SSN number on it. Experiments have been done and even if an application is sent in taped it may be accepted. Another way is that your restaurant waiter/wateriest when swiping your card may take your credit card number. They often are working for some identity theft ring and you may become a victim. The Toll On The Victim Those who havent been victims of identity theft usually dont realize the true toll. The victims often dont get their name cleared. They also have ruined credit and most creditors have lost trust in them, even though it wasnt their fault. They are unable to buy a house, car, or get new credit cards. If they can receive these things, they pay a higher interest rate. It takes years to get their name clear, and their record will always be marked. Their can be many ways to stop identify theft. The major thing you can do is instead of buying a linear shredder, you should buy a criss-cross shredder. Some people also try to limit their credit card use to reduce the risk of their SSN number being spread around. Statistics of identity theft can go on and on. The most startling stats is that identity theft is decreasing. The numbers have gone from 10.1 million in 2003 to 8.4 million in 2007. The yearly fraud amount has decreased from $55.7 billion in 2006 to $49.3 billion in 2007. And also, the mean for fraud amount per fraud victim has decrased from $6278 in 2006 to $5720 in 2007. Regardless of the fact that identity theft numbers are lowering, its still a terrible crime for the victims. The thieves that commit these crimes are almost never caught and ruin the lives of their victims. Whether by credit card aplications, pickpockets, or by someone in allowed contact with your credit card, your identity can be stollen many ways. There is only one way to lower your chances of identity theft is to take percations starting with your shredder and ending with your trust. Research Papers on Consequences of Idenity TheftLifes What IfsCapital PunishmentTwilight of the UAWThe Effects of Illegal ImmigrationResearch Process Part OneAnalysis Of A Cosmetics AdvertisementStandardized TestingHip-Hop is ArtDefinition of Export QuotasPersonal Experience with Teen Pregnancy

Definition and Examples of Primary Sources in Research

Definition and Examples of Primary Sources in Research In research  activities,  a primary source refers to information collected firsthand from such sources as historical documents, literary texts, artistic works, experiments, surveys, and interviews. It is also called primary data and is very different than a secondary source. The Library of Congress defines primary sources as actual records that have survived from the past, such as letters, photographs, or articles of clothing, in contrast to secondary sources, which are accounts of the past created by people writing about events sometime after they happened   Examples of Primary Sources [Primary sources] provide the raw data that you use first to test the working hypothesis and then as evidence to support your claim. In history, for example, primary sources include documents from the period or person you are studying, objects, maps, even clothing; in literature or philosophy, your main primary source is usually the text you are studying, and your data are the words on the page. In such fields, you can rarely write a research paper without using primary sources. (Wayne C. Booth et al. The Craft of Research. University of Chicago Press, 2008) Chief Characteristics The chief characteristics of  primary sources are: (1) being present during the experience, event or time and (2) consequently being close in time with the data. This does not mean that data from  primary sources are  always the best data. . . . Data from human sources are subject to many types of distortion because of such factors as selective recall, selective perceptions, and purposeful or nonpurposeful omission or addition of information. Thus data from primary sources are not necessarily accurate data even though they come from firsthand sources. (Natalie L. Sproull,  Handbook of Research Methods: A Guide for Practitioners and Students in the Social Sciences, 2nd ed. Scarecrow Press, 2002) Methods of Collecting Primary Data If the information you need is unavailable or hasnt yet been gathered, youll have to gather it yourself. Four basic methods of collecting primary data are field research, content analysis, survey research, and experiments. Other methods of gathering primary data include historical research, analysis of existing statistics, . . . and various forms of direct observation. (H. Dan OHair et al. Business Communication: A Framework for Success. South-Western, 2001) Secondary Sources and Their Bibliographies By identifying basic facts, such as year of construction, secondary sources can point the researcher to the  best primary sources, such as the right tax books. In addition, a careful reading of the bibliography in a secondary source can reveal important sources the researcher might otherwise have missed. (Alison Hoagland and Gray Fitzsimmons, History.  Recording Historic Structures, 2nd. ed., edited by John A. Burns. Wiley, 2004) Original Sources The distinction also needs to be made between primary and original sources. It is by no means always necessary, and all too often it is not possible, to deal only with original sources. Printed copies of original sources, provided they have been undertaken with scrupulous care (such as the published letters of the Founding Fathers), are usually an acceptable substitute for their handwritten originals. (E. J. Monaghan and D. K. Hartman, Undertaking Historical Research in Literacy, in Handbook of Reading Research, ed. by P. D. Pearson et al. Erlbaum, 2000) Finding and Accessing Primary Sources This one is entirely dependent on the assignment given and your local resources; but when included, always emphasize quality.  . . . Keep in mind that there are many institutions such as the Library of Congress that make primary source material freely available on the Web.  (Joel D. Kitchens, Librarians, Historians, and New Opportunities for Discourse. ABC-CLIO, 2012)

Causes and impacts of the UK currency devaluation Essay

Causes and impacts of the UK currency devaluation - Essay Example ng the currency with the fourth highest trading volume in the foreign exchange market behind the US dollar, the euro, and the Japanese yen respectively (Pan). The sterling has been generally regarded as one of the high value based currency reserves of the world. Its value, in respect to the other currencies, has been on the higher side. This has been because of various reasons, one of the main being the good and reliable financial markets that the United Kingdom is able to offer to investors worldwide. Due to the stability within the UK, and the ensuing level of trust, it has been able to attract massive inflows because of the bourses and financial markets, particularly in London, providing burgeoning returns. The high value further, allowed greater consumption by the people of the United Kingdom, allowing greater imports and out of country vacations. The current financial crisis however sees the Pound Sterling being drastically devalued. In recent months, the Sterlings decline in value in relation to the euro is interpreted by economists and some political elements within the United Kingdom as evidence of diminishing faith in the British economy on worldwide currency markets. Political elements, especially those belonging to the liberal side have rushed to blame the policies of the Prime Minister Gordon Brown for the collapse in the Sterling’s value (Heffer). Sources close to the treasury hinted that the decision in the pre-Budget report to increase borrowing to fund reduction in taxes had led to a downturn in economic confidence and thus had affected willingness of people to spend, ultimately leading to the drop in the Pound. A Liberal Democrat Treasury spokesman observed that while the decrease in interest rates had been the main reason behind the fall in the sterling’s value, it was supplemented by the expectation that the rates would decline even further (Heffer). The sterling fell almost 17 per cent compared with the euro in 2008 as the Bank of England