Transnational Strategy of Levi Strauss Coursework

Transnational Strategy of Levi Strauss - Coursework Example Since Levis is considered a status symbol and commands a premium from European and Asian consumers, wherein the U.S. its status has been eroded by the competitors like Calvin Klein and Ralph Lauren, it motivates Levis to sell its products in the global market. Levis also has to customize its offering as per local taste as different markets have varied needs in terms of size, color etc i.e. achieve national responsiveness and also has to take advantage of low-cost raw material, production facilities where ever they are available i.e. global integration. A transnational strategy seeks to achieve high levels of both national responsiveness and global integration simultaneously by overcoming the tradeoff between the conflicting demands of the two pressures (Bartlett and Ghoshal, 1991). Thus Levis has employed the transnational strategy by allowing its foreign subsidiaries to customize the jeans as per local taste with variety of colors and sizes for greater local/national responsiveness - achieving external flexibility and keeping the production facility centralized, at the most cost-effective places, procuring the raw material from the cheapest suppliers and supplying them throughout and transferring of learning from one market to other markets ensures global integration - the internal efficiency. For example, marketing knowledge learned on Decker’s in the U.S. was transferred to Europe. An organization’s structure is determined by the strategy it pursues. Levis follows a transnational strategy to achieve its goals, which requires a strategic combination of global standardization and local customization i.e. dynamic flexibility. The centralization/decentralization required by a firm depends on demand for global integration and local responsiveness.  

Theories Of Representation Essay Example for Free

Theories Of Representation Essay They say two heads are better than one and I suppose, having two codes to represent knowledge is more advantageous than just relying on one code. Visual and verbal codes of representations enable the mind to have a more vivid memory of the information or concept that needs to be recalled (Kosslyn, Ganis Thompson, 2001). For example, if I need to remember directions in going to my friend’s place in a city I am visiting for the second time, I could easily visualize the appearance of the streets, the stores in the neighborhood and the location of my friend’s house, at the same time, this picture in my head can be validated by the verbal codes of the names of the street, the signage in the stores and a landmark in the neighborhood. If I relied only on visual codes, the appearance of suburban homes in a large neighborhood would be similar and I would have difficulty ascertaining which one is my friend’s place, on the other hand, if I only used verbal codes, then I have to spend the day going around the neighborhood reading each street sign until I get to the right street. Likewise, using both verbal and visual cues aid in remembering texts and information needed to successfully pass a test or an examination. Verbal codes are words, and when we memorize concepts and information, it is by memorizing the words, phrases and even sentences and paragraphs. Visual codes refer to pictures or our mental representations of what we have seen (Neath Suprenant, 2003). I study using my notes and outline of a particular subject, I read my notes, I read the book and I found out that I seem to remember more if I visualize the position of the text as I read it, or the kind of pen I used or even the color of the paper. It helped me remember information I have missed if I rely on verbal codes alone, since we know that our capacity to remember words are very small. Moreover, I find that children and even adults learn more when they are presented with information using rich media, the use of the computer and even direct instruction uses both verbal and visual cues (Kurtz, Gentner Gunn, 1999). Spelling programs in the computer present a series of letters and the child has to arrange the letters to spell the word correctly, the word is represented by a corresponding picture and when a child is confronted with the picture, she would associate the word to it and vice versa. For adults, skills training usually are hands on, experiential or involve modeling behavior or role playing. The learners are given input or materials in text to describe, define and understand the specific skill to be learned, the teacher then demonstrates the skill, which would be committed to memory facilitating the learning of new skills (Pylyshyn, 2002). An example is the use of machinery, if the new employee works with equipment for the first time, he/she can read the manual and then tinker with the machine to see how it would work, and again the learning of skills is based on the visual operation of the machine and the verbal codes in the manual. The verbal codes serves as the guide to how the machine should be operated, while the visual codes   present in the sequence of operations like what button to press first and what knob to turn is the behavioral manifestation of successful learning of the new skill. There are instances however wherein one of the codes would be dominant and the other supports or enriches the dominant code (Neath Suprenant, 2003), for example, in remembering texts and definitions, one would rely on verbal codes, but visual codes can help in remembering what those words were. In the same way, if we have to remember a scene from a movie, visualizing the scene would be more important, but remembering what was said in that scene would help us identify what the scene was about. In conclusion, two codes are better and we need to discover how it could work together to improve memory and learning. References Kosslyn, S., Ganis, G. Thompson, W. (2001). Neural foundations of imagery. Nature Reviews Neuroscience, 2: 635-642. Kurtz, K., Gentner, D. Gunn, V. (1999). Reasoning. In D.E. Rumelhart B.M. Bly (Eds). Cognitive Science: Handbook of Perception and Cognition 2nd   ed. San Diego: Academic Press, pp. 145-200. Neath, I. Suprenant, A.(2003). Human Memory. Belmont, CA., Wadswoth/Thompson Learning. Pylyshyn, Z. (2002). Mental imagery: In search of a theory. Behavioral and Brain Science, 25: 157-238.

Ritalin And Its Uses Essay -- essays research papers

Ritalin and Its Uses In recent years, more and more kids seem to be on a prescription drug called Ritalin(methylphenidate). This drug is being handed out more and more by doctors as a way of treating Attention Deficit Hyperactivity Disorder, a complex neurological impairnment that prevents kids from concentrating. According to the Drug Enforcement Agency, it rose fron 200 grams per 100,000 people to over 1400 grams per 100,000 people in the last fifteen years. The National Institute of Mental Health estimates that about one student in every classroom is believed to experience the disorder. The rate of Ritalin use in the United States is at least five times higher than in the rest of the world according to federal studies. Are doctors just catching this disabling affliction more often? Or does society just want a convenient way to solve a complicated problem. Ritalin is a central nervous system stimulant that is somewhat similar to amphetamines. It was created in 1955, classified as a controlled substance in 1971, and became the drug of choice for ADHD in 1981. It is also used in treating narcolepsy. It is thought to activate the brain stem arousal system and cortex, and, like cocaine, works on the neurotransmitter dopamine. It appears to increase the levels of dopamine in the frontal lobe where attention and impulsive actions are regulated. When taken in its intended form under a doctor's prescritption, it has moderate stimulant properties. There has been a great deal of concern about it's addictive qualities and adverse affects. ADHD is a relatively new disorder. It was introduced in 1980, where it was labeled ADD(attention deficit disorder). In the 1950's, children were simply labeled "hyperkinetic." The term "hyperactivity" was added in 1987, hence the name ADHD. Not all children have the hyperactivity, and thus are labeled to have ADD. ADD is not treated with Ritalin; antidepressants are more commonly used. One of the problems with the label ADHD is that just because a child may be overly hyper, doesn't mean the child is not paying attention. The problem is, the child is paying too much attention to too many things at the same time. ADHD is children's #1 childhood psychiatric disorder. The prevalence is three time... ...ere), irregular heartbeat and respiration(may be profound and life threatening), anxiety, restlessness, paranoia, hallucinations, delusions, excessive repetition of movements and meaningless tasks, and formicaton(sensation of bugs or worms crawling under the skin). It seems to be abused by high school kids and college students predominantly. Although the drug is too complex to manufacture illegally, and it doesn't create the euphoric effect that cocaine has, it seems to be an aid in studying for final exams. It allows students to stay up all night allowing them to cram much easier. It is important to remember that too many children in America are suffering from this ailment, and yet too many kids are getting pills instead of proper care. Although Ritalin currently seems to be an effective way in treating Attention Deficit Hyperactivity Disorder, we must not treat this disorder hastily. Our society must realize that prescription drugs can have just as many complications as street drugs. Befor writing out a prescription, or carelessly diagnosing ADHD, we must remember that these are kids we are dealing with. They put all their faith in us to help them, and not just to medicate them.

Creon and Haemon Essay

How would you direct the confrontation between Creon and Haemon in order to achieve your chosen impact for your audience? The scene of confrontation between Creon and Haemon comes when Creon has sentenced Antigone, future bride of Haemon, to be shut up in the cave. I would want to show a contrast between the characters with costume, so that the audience would get a visual representation of their emotions. I would dress Creon in an extravagant red silken robe, with gold trimmings. This would highlight his status as King, and also the red could signify a bloodthirsty attitude, as Creon is revelling in Antigone’s fate. Contrastingly, Haemon would be wearing a simple black cotton robe, without any trimmings. This would show that he doesn’t care for superficial extravagance, and black is also a colour of mourning; this would symbolise Haemon’s feelings towards Antigone’s fate. In the opening of this scene, Creon greets Haemon pleasantly. I would direct Creon to grip Haemon’s right hand with both of his own hands, in a friendly, pleading handshake; this would show warmth for Haemon, which is what Creon wishes to express at this point. He would maintain eye contact and stand with legs shoulder-width apart He would speak in a soft tone, with a slow pace, medium pitch and a relatively low volume, again to give the impression of warmth. In the line ‘we are always comrades, and my love for you is unshaken’, I would direct the actor playing Creon to emphasise the words ‘always’ and ‘unshaken’, stressing these superlatives, in order to exaggerate the positive feelings, diplomatically Haemon’s response would be in kind, reciprocating the respect. He would accept the handshake, and keep eye contact. His vocal qualities would be as those of Haemon. He would say ‘I know I am your son, Father’, stressing the word ‘Father’ to show respect and also family love. During this exchange, they would both be very close physically, to show that they are, at this point, still emotionally close. The lighting would be a straw wash from above over the stage, of medium intensity: neutral. Creon would be next to a podium, centre-stage-left. Haemon would be centre stage, and the Chorus would be arranged in a semi-circle around them. During Creon’s following speech, I would want the audience to witness a change in Creon’s approach. The first noticeable change in attitude would be when he says ‘Don’t be taken in/ Boy. Don’t let any woman ensnare you. ‘ His tone would become harsher, and lower almost as if speaking in a whisper. He would also grasp Haemon on the word ‘Boy’, to show the audience that he wants to instil certain sexist values in Haemon, as it is a subject he feels passionately about. Furthermore, he would almost spit the work ‘woman’ and emphasise the word ‘ensnare’ to present acidity to the audience. He would say ‘Don’t be taken in, Boy’ without changing his tone or pace, simply increasing intensity, to show the audience how sincere he is. He would continue in this manner, speaking in harsh tones. The next change in Creon’s demeanour would come when he says ‘I will do it. And she must die’. Here, he would revert to speaking with authority, assertively. He would stress the modal verbs, ‘will’ and ‘must’ to show that he is completely fixed upon the idea, and is unwavering. This would show the audience his stubbornness. At this point, low-intensity, subtle red uplighting would have slowly faded in, to cast shadows upon Creon’s face to make him seem more imposing and venomous. It would be barely noticeable by the audience at this stage, as it would be slowly and subtly introduced. Creon would also step back and stand straight at this point, and pause after the line, to highlight its significance to the audience. He would have his hands calmly by his sides. Creon would continue to rant, his volume increasing, and the red uplighting becoming stronger, as the straw wash slowly faded and his hand gestures becoming increasingly evident and expansive. On the line ‘Anarchy, disobedience,’ he would be banging his fists on his podium in anger, to show the audience how passionately he feels about the subject. He would be nearly shouting at this point, and Haemon would recoil slightly, in fear and surprise at Creon’s outburst. Creon would next shift toward the end of his speech, and I would want my audience to see him bring back subtle persuasion, using the fact that he is Haemon’s father to his advantage: ‘Let it be by a man’s hand, eh son? / Not by a conspiracy of women! ‘. I would want him to go back to speaking in lower tones, almost at a stage-whisper level, as he wants to instil his own sexism, and apparent paranoia regarding women, into Haemon yet again. This repetition would show the audience just how sexist Creon is. I would therefore have the actor emphasise the words ‘man’ ‘son’, ‘conspiracy’ and ‘women’ to show this, and put one arm around Haemon. The red uplighting would also dim at this point, the straw wash becoming more prominent; this would visually represent the change in tone to the audience. Following the Chorus’ somewhat neutral response, Haemon would reply by at first speaking pleasantries: ‘It’s not for me to say you are wrong’ is quite self-deprecating and is complimentary to Creon. Haemon would therefore speak it in a soft tone, and would physically lower himself by bending knees and back slightly. His volume would be medium at this point, and he would make no hand gestures. The lighting would remain as a straw wash, all red gone at this point. Haemon would emphasise ‘me’ and ‘you’ to underline the fact he is making a direct comparison between himself and Creon. Haemon would change in approach right on the line ‘But I can sometimes hear people whisper’. The word ‘but’ here is a clear discursive marker in the text, indicating a change. Also, Haemon begins to discuss how ‘people’ see Antigone’s punishment as unjust. He would thus take a step back is if expecting an outburst from Creon, and emphasise words like ‘people’ and ‘whisper’ to show the audience that the character aims to dissociate himself from the views. He would become more pleading as the speech progresses, ‘let me beg you to have second thoughts’ and ‘I beg you Father’. This is again showing he accepts inferiority, but also makes clear to the audience that he is against his fathers actions. The metaphors regarding the failure of stubborn things would be spoken with a degree of accusation regarding Creon; Haemon would look at Creon when saying ‘inflexible’ and ‘refuses’ to indicate that there refer to Creon. At the end of the speech he says ‘Take good advice when it is offered. ‘ This is a direct question to Creon, and I would have Haemon on one knee, clasping Creon’s hand at this point, to show his desperation to the audience. In the ensuing stichomythia, I would instruct Creon to increase in volume, pace and raise his voice at the end of each sentence. Also, I would want him to spit phrases like ‘You’re a woman’s mouthpiece! ‘, whilst shaking his arms, palms clawed and facing up to show rage to the audience. Comparatively, I would instruct Haemon to remain calm, speaking in controlled tones and a steady volume throughout, making few hand gestures. Haemon would instead increase in cold contempt, by sharpening the sound of his vowels at the ends of sentences, and speaking in a low tone, and emphasising certain words. He would emphasise the word ‘demented’, but without raising the volume of his voice a great deal. Also, at the end, when Haemon says ‘†¦ this disgusting spectacle/ In company with a madman, are welcome to it’, I would want him to speak this calmly; without varying his pace. He would say this emphasising ‘disgusting spectacle’ and ‘madman’ by raising pitch and volume a little. This would show the audience that he feels contempt toward Creon, but is above just shouting. Creon, on the other hand, would be virtually screaming ‘Bring her out, the bitch’, emphasising the word ‘bitch’ by stressing the harsh vowel sound, and gesturing wildly towards the side entrance, as if indicating from where she should be brought. This would show the audience that Creon has lost his composure, and has lost control of his rage. The lighting would be red uplighting again on Creon only, to cast shadows across his face, whilst a blue gel, to mix with the straw wash, would be coming in from above. Overall, this should all contribute into presenting Haemon into an emotionally controlled, stable character, whereas Creon would appear as quite the opposite; unreasonable, stubborn and emotionally volatile. The objective would be to present the characters as such, to encourage the audience to sympathise with Haemon, even empathise with him; ideally, the audience too would feel frustrated and contemptuous towards Creon.

Debate concerning economic implications of intellectual property rights

The argument refering the economic deductions of rational belongings rights ( IPRs ) has gained considerable attending over the past two decennaries in the context of the World Trade Organization ‘s ( WTO ) Agreement on Trade-Related Aspects of Intellectual Property Rights ( TRIPS ) . TRIPS aims to contract the spreads in the manner that IPRs are protected around the universe, and to convey them under common international regulations. Developing states are under increasing force per unit area to beef up their national rational belongings ( IP ) regimes, in order to harmonize them with those of developed states. Developing states have been for long clip under demand by developed states for the execution of rational belongings rights. The chief concern by the developed states is to protect the inventions in the developing states from the illegal imitation and copying. The underdeveloped states are divided over the argument on the base of their economic conditions, foreign direct investing and technological edification. The concern for the development states is economic deductions for the execution of such rational belongings governments in their several states. Intellectual Property Rights are one of the sensitive countries for developing states whose proper execution with appropriate timing could raise the socio-economical conditions of the developing states. It is practically inevitable for the developing states to acquire benefit from the strong rational belongings rights owned by the discoverers in the developed states. From the planetary public assistance position, it was argued that holding the weaker rational belongings in the underdeveloped states does non needfully means that discoverers in the developed states would lose, nevertheless the comparative fiscal benefits associated with such innovations could be less.Chapter 1IntroductionOverviewIntellectual Property Rights ( IPR ) are sole rights over creative activities of the head, both artistic and commercial and the corresponding Fieldss of jurisprudence. These include innovations, literary and artistic plants, symbols, names, images, and designs used in commercialism. The success of a merchandise today relies much on creativeness and invention. Awareness of IPRs is important to guarantee originative thoughts and inventions are good protected from commercial development. There remains considerable contention on the economic impact of TRIPS ( interpreted as the tightening of IPRs ) in developing states. This study focuses on the long-run structural issues refering the impact of TRIPS on industrial and engineering development in hapless states. Systems to regulate rational belongings and advance societal public assistance through invention and cognition creative activity are non new. Despite their being through the past decennaries and centuries, rational belongings was comparatively absent from the public argument. The relationship between IPRs and development is so rather complex from a theoretical point of position. On one manus, there are theoretical statements proposing that stronger IPRs can hold positive effects on development. On the other manus, there are theoretical statements against stronger IPRs in developing states. As such, this study reviews the empirical grounds about the relationship between the strength of IPRs and each of the following countries in developing states that is foreign direct investing ( FDI ) , trade, invention and traditional cognition and familial resources. It is found that the relationship is viewed better from an surrogate position, where the broader degrees of economic and societal development have a strong consequence on how IPRs affect developing states. In this manner, the study helps to shift the initial inquiry on the functions of IPRs in developing states and to clear up its related grounds base.Chapter 2Intellectual Property Rights2.1 OverviewIntellectual Property Rights ( IPRs ) are the cardinal drive forces behind economic growing. Inventions, particular procedures, computing machine plans, typical names or Markss, musical and other media work, designs and trade secrets may all be Intellectual Property right protected. Such IPRs must be decently identified, car efully evaluated and skilfully protected if they are to carry through their commercial potency. There are two classs of IPR viz. Industrial Property and Copyrights.2.2 Industrial PropertyIndustrial Property includes innovations, hallmarks, industrial design, and geographical indicant of beginning. Industrial belongings are rights due to industry thoughts for others non to copy or steal thoughts. The three types of Industrial Property are patent, hallmarks, industrial design right and trade secrets.2.2.1 PatentsThe sole right of the discoverer to forestall others from doing, utilizing and selling a patented innovation for a fixed period of clip in return for the discoverer ‘s unwraping the inside informations of the innovation to the populace. Peoples could non copy the innovation under this regulation and is usage at industrial or commercial intents.2.2.2 Trade secretsTrade secret refers to any information that may be used in the operation of a concern and that is sufficiently valuable to afford an existent or possible economic advantage. Some companies make their cardinal employees to subscribe set abouting non to unwrap information about the research that they are working on to other people. Some companies require employees to subscribe set abouting non to fall in a rival within a specified period, such as six months, in instance they resign from the company. These steps are taken so as to protect the companies ‘ trade secrets.2.2.3 HallmarksHallmarks are commercial beginning indexs, typical marks capable of separating the goods or services that are produced or provided by a specific individual or endeavor. Such marks, including personal names, letters, numbers, nonliteral elements and combinations of colors every bit good as any combination of such marks, shall be eligible for enrollment as hallmarks. Hallmarks are for merchandises in selling. It is a mark for forestalling confusion of selling merchandises.2.2.4 Industrial Design RightIndustrial design right protects the signifier of visual aspect, manner or design of an object. Copyright includes novels, verse forms, dramas, movies, music, art work. When an industrial design is protected, the proprietor that is the individual or entity that has registered the design is assured an sole right against unauthorised copying or imitation of the design by 3rd parties. This helps to guarantee a just return on investing. Protecting industrial designs helps economic development, by promoting creativeness in the industrial and fabrication sectors, every bit good as in traditional humanistic disciplines and trades. They contribute to the enlargement of commercial activities and the export of national merchandises.2.3 CopyrightCopyright protects merely the signifiers of looks of the thought non the thoughts themselves. For illustration agreements of words, musical notes, colourss and forms of work are protected. The continuance of copyright exists during the being of right of first pu blication proprietor. It begins from the minute when the work is created and continues some clip after the proprietor ‘s decease. The ownership of copyright belongs to the individual who created the work.2.3.1 Copyright and IPRCopyright and IPR are considered to be an of import portion of modern life. Technological alteration means that IPR are going more and more important. Copyright notices should look on all plants for which protection is sought. Intellectual belongings should be decently dealt with, within all contracts and where appropriate confidentiality understandings should be used, for illustration to protect person ‘s â€Å" cognition † or innovations during dialogues from being exploited for fiscal or other addition. Copyright is an highly relevant right for the information engineering sector. It could about hold been designed with computing machines and the Internet in head. Copyright is the right of the conceiver of a literary, dramatic, artistic or musical work to command the reproduction and publication or public presentation of the work. Equally far as the Internet is concerned, copyright protects most stuffs on the Internet. It protects computing machine package and its beginning codification, screen shows and other literary, musical and artistic plants on the Internet.2.4 Brief overview on WIPOThe World Intellectual Property Organization ( WIPO ) is a specialised bureau of the United Nations. Established in 1970, the World Intellectual Property Organization ( WIPO ) is an international organisation dedicated to assisting to guarantee that the rights of Godheads and proprietors of rational belongings are protected worldwide and that discoverers and writers are therefore recognized and rewarded for their inventiveness. This international protection acts as a goad to human creativeness, forcing frontward the boundaries of scientific discipline and engineering and enriching the universe of literature and the humanistic disciplines.How does WIPO advance the protection of rational belongings?As portion of the United Nati ons, WIPO exists as a forum for its Member States to make and harmonise regulations and patterns to protect rational belongings rights. Most industrialised states have protection systems that are centuries old. Many new and underdeveloped states, nevertheless, are now constructing up their patent, hallmark, and copyright Torahs and systems. With the rapid globalisation of trade during the last decennary, WIPO plays a cardinal function in assisting these new systems evolve through pact dialogue, legal and proficient aid, and preparation in assorted signifiers, including in the country of enforcement of rational belongings rights. WIPO besides provides planetary enrollment systems – for patents, hallmarks, and industrial designs which are under regular reappraisal by Member States and other stakeholders to find how they can break function the demands of users and possible users. WIPO works with its Member States to demystify rational belongings from the grass-roots degree through the concern sector to policy shapers to guarantee that its benefits are good known, decently understood, and accessible to all.Chapter 3Trade Related Aspects of Intellectual Property Rights( TRIPS )3.1 IntroductionTRIPS is an international understanding administered by the World Trade Organization ( WTO ) that sets down minimal criterions for many signifiers of rational belongings ( IP ) ordinance as applied to subjects of other WTO Members. It was negotiated at the terminal of the Uruguay Round of the General Agreement on Tariffs and Trade ( GATT ) in 1994. The TRIPS understanding introduced rational belongings jurisprudence into the international trading system for the first clip and remains the most comprehensive international understanding on rational belongings to day of the month. In 2001, developing states, concerned that developed states were take a firm standing on an overly narrow reading of TRIPS, initiated a unit of ammunition of negotiations that resulted in the Doha Declaration. The Doha declaration is a WTO statement that clarifies the range of TRIPS. After the Uruguay unit of ammunition, the GATT became the footing for the constitution of the World Trade Organization. Because confirmation of TRIPS is a mandatory demand of World Trade Organization rank, any state seeking to obtain easy entree to the legion international markets opened by the World Trade Organization must ordain the rigorous rational belongings Torahs mandated by TRIPS. For this ground, TRIPS is the most of import many-sided instrument for the globalisation of rational belongings Torahs. Many surveies have analyzed the impact of TRIPS on both the developed and developing states based on two attacks, foremost from the historical/empirical position, including the application of statistical/econometric techniques, and 2nd from a theoretical position, chiefly game theory.The pre-TRIPS and post-TRIPS pecuniary flows across statesFrom the historical/empirical position, research workers have already investigated at length the impact of TRIPS on assorted economic systems. These surveies normally focus on pre-TRIPS and post-TRIPS informations on foreign direct investing forms, royalty and licensing payment flows, and so on. For illustration, La Croix and Konan ( 2006 ) reappraisal IMF informations crossing from 1992 to 2003 in selected European Union and APEC states ( as shown in Figure 1 ) . Figure 1: Pre-TRIPS and post-TRIPS pecuniary flows Beginning: Adapted from IMF Balance of Payments Statistics ( 2004 ) ; La Croix and Konan ( 2006 ) Their analysis shows that for the USA, France, the UK, and Japan, there are post-TRIP additions in the influx of net royalties and licence transportations, while many other states have experienced increased escapes. Lai ( 2008 ) reaches similar decisions by demoing the biggest victors ( USA, Germany, France ) and biggest also-rans ( Canada, Brazil ) from TRIPS enforcement and patent harmonisation across take parting states under the TRIPS understanding. Therefore, in footings of net royalties and licence transportations, merely a few developed states benefit from TRIPS while most of the developing states suffer from TRIPS.Knowledge/technology transportations and IPRsAnother of import issue is whether a stronger domestic IPR protection can pull more foreign technology/knowledge transportations into the underdeveloped states. Maskus ( 2000 ) concludes that foreign direct investings ( FDIs ) and engineering transportation may increase when patent rights are strengthened. But the positiv e impact of stronger IPR protection depends on the competitory nature of the economic system. Similarly, La Croix and Konan ( 2006 ) point out that †the effectivity of stronger IPRs in exciting growing depends on the capableness of the domestic economic system to implement the IPRs and to absorb foreign direct investing and foreign engineering expeditiously. † Hence, a stronger IPR government may increase the cognition influx, but a stronger IPR criterion is non a satisfactory status. Knowledge transportations from foreign states depend on sufficient conditions, such as an equal substructure of the domestic economic system, high labour productivity/wage rate ratio, unfastened trade policy, advanced capacity, market size, GDP per capita, political stableness, and so on. If most or all of the necessary conditions are satisfied, a stronger IPR protection is likely to pull more FDI or engineering licensing which transportations knowledge and/or gives the domestic state a better opportunity to tap into the planetary stock of cognition. However, if few or none of the conditions are satisfied, a stronger IPR government entirely will non do any important difference in increasing the cognition flow into the state. The being of the other ( sufficient ) conditions is one of the grounds why the four †East Asiatic Tigers † and China received a batch of FDIs while their IPR governments were weak, and why some other states can non pull more foreign investing even aft er they strengthen their IPR criterions.3.2 Execution in developing statesWhen developing states join the planetary administration, they are bound with rational belongings right understanding. They are coerced into an understanding, which transfer million of dollars worth of monopoly net incomes from hapless states to wealth states under the belongings right jurisprudence. The understanding related to rational belongingss such as trade-related rational belongings rights ( TRIPS ) , TRIMs utilizing planetary administration GATT, have been set up. However, all these understandings is far from favorable for developing words as it merely represented the most strongest and competitory MNC ‘s and industrialized states. In TRIPS, for case, belongings right understanding in computing machine package, pharmaceuticals merely to protect industrialized states based houses, which have comparative advantage in these merchandises ( Stubbs and Geoffrey 2000, p.174-5 ) . The costs of implement ing the TRIPS Agreement to developing states are really high. Mexico spent over US $ 30 million upgrading rational belongings Torahs and enforcement ( Finger and Schuler 1999 ) . In bilateral trade dialogues, US force per unit area led states like Nigeria, Uganda, Morocco and Cambodia to implement patent protection governments for pharmaceuticals which are more restrictive than those required under TRIPS and are therefore known as TRIPS Plus. Intellectual belongings right under TRIPS is besides applied really loosely to let patent rights over single works cistrons, seed and their features and WTO members must protect works assortments either through patents ( WIPO ) . Up to now agricultural biotechnology MNC ‘s have filed 1000s of patents on works assortments, seeds. This would connote the remotion of husbandmans ‘ rights in developing states over workss, seeds and progressively easy for MNC ‘s which ain patent to implement their rational belongings rights in developing states. For illustration husbandmans in Nalgonda territory of Andhra Pradesh in India paid up to 1,600 rupees for a 450-gram package of Bt cotton seeds own by MNC ‘s, ( of which the royalty constituent was 1,200 rupees ) , as against 450-500 rupees for normal assortments. Despite the costs, Bt cotton outputs have sometimes been lower than those of local assortments ( The Hindu, India ‘s National intelligence paper, 2003 ) .Dut ch east indiesIn Indonesia, there are besides rather a few grounds have shown how the planetary regulation implemented in TRIPS and TRIMS is working chiefly to protect the involvement of industrialized states and MNC ‘s instead so developing states. Owing to international force per unit area, Indonesian authorities has to hold to legion international conventions on rational belongings right. These include the Paris Convention for the Protection of Industrial Property, the Berne Convention for the Protection of Literary and Artistic Works, the WIPO Copyright Treaty, the Patent Cooperation Treaty, the Trademark Law Treaty, the Nice Agreement for the International Classification of Unclassified Goods and Services, and the Strasbourg Agreement Concerning International Patent Classification. Since so Indonesia need to sporadically escalate actions against copyright buccaneering or will be criticized from planetary community. The new right of first publication jurisprudence in Indonesia came into force in July 2003. The jurisprudence contains a figure of of import commissariats long sought by MNC ‘s operating in this state including proviso for the issue of an implementing ordinance on optical discs ( OD ) , condemnable punishments for end-user buccaneering and the ability of right holders to seek civil injunctions against plagiarists. The right of first publication jurisprudence establishes rights to licence, bring forth, rent or broadcast audiovisual, cinematographic, and computing machine package. Young graduates come ining a profession have get downing wages of around $ 80- $ 100 per month ( Richter and Pamela, 2004 ) . It is, hence, unrealistic to anticipate the state like this to be able to use strong moralss such as TRIPS where the support of the general population is still hapless. If copyright jurisprudence is really purely applied and the pupils are required to purchase a book that will be more so their life disbursal for a month, ( like some foreign text editions are ) at that place will non many of them could attempt to hold it. This state of affairs will besides do the future coevals of developing states be denied from the newest engineering and cognition. Under the inducements created by the planetary system of patenting, right of first publication and rational belongings right protection, the planetary participant in pharmaceutical industries will be more interesting in bring forthing medical specialty for the rich instead so the hapless.3.3 Benefits from allowing monopoly rightsThere are four sorts of benefits from allowing monopoly rights to pioneers. Each is capable to makings every bit far as developing states are concerned.The stimulation of private inventionThe importance of this benefit rises with the gait of proficient alteration as at present and with the ‘imitability ‘ of new engineering, peculiarly in such activities as package. It besides grows with globalization, which leads pioneers ( in peculiar big multinational companies ) to pitch their R & A ; D to universe instead than national markets. However, where the state in inquiry has little or no local advanced capablenesss, the strengthening of IPRs does non excite domestic invention. The extent to which it stimulates planetary R & A ; D depends on its portion of the market for peculiar advanced activities and its ability to pay for expensive new merchandises. Where the economic system undertakes technological activity of an absorbent and adaptative sort, the great ma jority of informal and R & A ; D attempt in freshly industrializing states, stronger IPRs may hold no consequence in exciting it. On the contrary, to the extent that such attempt involves copying and change by reversal technology inventions elsewhere, it can compress a critical beginning of acquisition, capableness edifice and fight.The usage of the new cognition in productive activityWithout such usage, of class, there can be no fiscal wages to pioneers in footings of higher monetary values and net incomes, it leads to higher incomes, employment, fight and so on for the economic system as a whole. If the cognition is non exploited within the economic system, and its merchandises are provided at higher monetary values than in with weak IPRs, the additions are correspondingly less and the costs correspondingly higher. There may still be additions, if invention is stimulated by the being of that state ‘s market and the new merchandises represent a existent addition in consumer p ublic assistance. This addition has to be set against non merely the higher monetary values induced by IPRs but besides against decreases in local economic activity as a consequence of the monopoly and longer term growing potency.The airing of new cognition to other agentsStricter IPRs may ease the transportation of engineering across national boundary lines every bit good as addition local diffusion by supplying an enforceable legal model. This is likely to be of particular significance for technology-intensive merchandises and activities, where pioneers are antipathetic to selling engineering to states with weak IPRs, where escape is a existent possibility ( Cantwell and Andersen, 1996 ) . The economic benefit in a underdeveloped state depends on the presence of local agents capable of buying, absorbing and deploying new engineerings, peculiarly complex high engineerings. If no such agents exist, rigorous IPRs offer no benefit for engineering transportation. If they exist, the siz e of the benefits depends on two things: the extent to which rigorous IPRs raise the cost of purchasing engineerings, and whether the options of copying and contrary technology would hold been executable, cheaper and more rewarding in constructing up local technological capablenesss.The stimulation of invention by other endeavorsThis is a really of import benefit of the IPR system, but clearly its value is chiefly to economic systems where there is intense advanced activity by big Numberss of viing endeavors. Innovation around a peculiar patent is one of the most dynamic beginnings of technological advancement. However, this is of small or no value to hapless and unindustrialized states that lack a local advanced base. These makings are, of class, acknowledged in the IPR literature.Chapter 4Intellectual Property and Foreign Direct Investment4.1 OverviewNormally, FDI is seen as cardinal determiners for economic development and poorness decrease in developing states. Inward FDI can tu rn out to be good to developing states, ensuing in the betterment in domestic advanced capacity, increased R & A ; D employment, better preparation and support to instruction. Over the past two decennaries, there has been a turning scholarly literature on the relationship between IPRs and FDI influxs in developing states. From a theoretical point of view, the relationship between IPRs and FDI determinations is complex. The undermentioned subdivisions review the theoretical statements for and against stronger IPRs in developing states in their influence on FDI determinations.4.2 The instance for stronger rational belongings rightsStronger rational belongings rights can make ownership advantagesInvesting by houses can be more likely when host states have strong IP protection, as this reduces the hazards of imitation and leads to a comparatively larger net demand for protected merchandises ( Primo Braga and Fink, 1998a ) . Hence, IPRs positively affect the volume of FDI by enabling for eign houses to vie efficaciously with local houses that possess ownership advantages ( Smarzynska Javorcik, 2004 ) .Stronger rational belongings rights can make location advantagesNot merely can IPRs positively affect the volume of FDI, but they can besides act upon where multinationals decide to turn up that investing. IPRs are defensive in nature and hence differ across national boundaries. Therefore, stronger IPRs in some underdeveloped states can be a location advantage that will positively impact multinationals ‘ determinations. On the contrary, developing states characterised by weak IPRs can be less attractive locations for foreign houses. However, in the context of TRIPS, it is sensible to believe that the tendency toward harmonization of IPRs within TRIPS would countervail such location advantages. In this sense, states with weaker protection can go more attractive as they strengthen their IPRs, and the comparative attraction of those with strong IPRs already in being can fall ( Maskus, 2004 ) .Stronger rational belongings rights can increase quality of foreign direct investingIPRs affect the composing of FDI. Strong protection may promote FDI in high engineering sectors, where such rights play an of import function. In add-on, it may switch the focal point of FDI undertakings from distribution to fabrication ( Smarzynska Javorcik, 2004 ) .4.3 The instance against stronger rational belongings rightsStrengthening rational belongings rights can increase market powerStrong IPRs negatively influence FDI by supplying rights holders with increased market power. As a consequence, strong IPRs cause houses to deprive and cut down their service to foreign states. The market power consequence can cut down the snap of demand confronting the foreign house, bring oning them to put or bring forth less of its patentable merchandise in the host state. Stronger IPRs can let the pattern of higher monetary values by foreign houses because IPRs cut down competition among houses. Therefore, stronger monetary values can counterbalance for lower investing or production.Stronger rational belongings rights can discourage foreign direct investing by promoting LicensingStrong IPRs can besides do multinationals to exchange their preferable manner of bringing from foreign production and R & A ; D to licensing ( Primo Braga and Fink, 1998a ) . Ferrantino ( 1993 ) argues that houses prefer FDI over licencing when protection is weak, as houses are more able to keep direct control over their assets through internalised foreign production or inhouse foreign R & A ; D. In this instance, beef uping IPRs diminishes the inducement for FDI at the border for R & A ; D-intensive industries ( Primo Braga and Fink, 1997 ) .4.4 Evidence from the position of developing statesIntellectual belongings rights seem to impact positively on economic development throughforeign direct investingBranstetter et Al. ( 2007 ) supply empirical penetrations about the effects of increased FDI on industrial development. By utilizing firm-level panel informations on US transnational houses, they examined how those houses responded to a series of rational belongings reforms undertaken in 16 states in Asia, Europe, Latin America and the Middle East ( Argentina, Brazil, Chile, China, Colombia, Indonesia, Japan, Mexico, Philippines, Portugal, South Korea, Spain, Taiwan, Thailand, Turkey and Venezuela ) . Their findings showed that US multinationals expanded the graduated table of their activities in states after these states implemented IPR reforms. The addition in usage of inputs in the host states was disproportionately higher among multinationals that made extended usage of IPRs. In add-on to it, industrial activity expanded overall after rights reform. This enlargement of transnational activity more than countervail any diminution in the imitative activity of local houses.Intellectual belongings rights positively affect outward foreign direct investingRefering outward FDI from developing states, Park and Lippoldt ( 2003 ) through empirical observation showed that that an addition in the strength of patent rights tended to significantly and positively impact the outward FDI of developing and least developed states. This implies these states could derive from the harmonization of IPRs ( Park and Lippoldt, 2003 ) .Chapter 5Intellectual Property and Trade5.1 OverviewFor most underdeveloped states, international trade allows them to get high value-added goods through importing that are necessary for economic development, but which are non produced domestically. In bend, exports allow developing states to tr ansform underutilized natural resources and surplus labour into foreign exchange, in order to pay for imports to back up economic growing. The undermentioned paragraphs briefly present the chief theoretical statements back uping and disputing the position that stronger IPRs addition and heighten international trade.5.2 The instance for stronger rational belongings rightsStronger rational belongings rights can make ownership advantagesStronger IPRs provide ownership advantages to houses functioning foreign markets by supplying legal resort against misdemeanor of their assets. Therefore, stronger IPRs expand the markets served by houses. Strong IPRs can besides increase bilateral exchange to foreign markets by cut downing the costs associated with preventing loss of cognition assets. Such costs consist of foregone grosss ensuing from reduced bilateral exchange and/or disbursals incurred to do cognition assets hard to copy ( Maskus and Penubarti, 1995 )International harmonization of ra tional belongings rights governments can cut down thedealing costs associated with tradeExporting houses in developed states face extra costs when exporting to developing states, when they must prosecute in activities designed to suppress local imitation. International harmonization of IPR governments can decrease the dealing costs of operating in different regulative environments. In this respect, it can stand for a location advantage for the participating states.5.3 The instance against stronger rational belongings rightsStrengthening rational belongings rights can increase market powerThe market power construct holds that strong rights cut down bilateral exchange by guaranting a impermanent monopoly over the protected cognition. This market power is attributed to the patent ( grant ) holder, whether domestic or foreign. Firms that secure strong patent protection in foreign markets can exert their market power by curtailing measure and increasing the unit monetary value of bilater al exchange to that market ( Maskus and Penubarti, 1995 ; Fink and Primo Braga, 2004 ) . Firms ‘ behavior depends on a assortment of conditions. For illustration, market power can be generated by comparatively modest strength of IPRs when markets are segmented, when few near replacements are available and proficient soaking up capacities are weak. Furthermore, strong IPRs can reenforce market cleavage and cut down the ability to replace merchandises. As a consequence, a negative relationship can emerge between the strength of IPRs and bilateral flows under market power conditions, particularly when proficient absorbent capacities are weak ( Smith, 2001 ) . Firms are likely to cut down the measure supplied and increase the protected merchandises ‘ monetary values.Stronger rational belongings rights can discourage trade and promote licensingA farther beginning of uncertainness stems from the fact that differing degrees of IPRs can impact a house ‘s determination abou t its preferable manner of functioning a foreign market. In an environment characterised by strong rights, a house may take to function a foreign market by FDI, or by licencing its rational assets instead than through direct export. In this regard, beef uping rational belongings protection can hold negative effects on trade flows ( Fink and Primo Braga, 2004 ) .5.4 Evidence from the position of developing statesThe empirical literature is about whether increased imports from developed states affect economic development and whether harmonization of IPRs has affected their export behavior. However, even within these countries, the empirical grounds from the position of developing states is instead limited, particularly sing the affect of imports from developed states on economic development.International harmonization of rational belongings rights may promote exports from emerging industrialized statesLiu and Lin ( 2005 ) carried out a back-to-back pooled informations analysis from 1989 to 2000 in order to look into the relationship between IPRs and the exports of three hi-tech industries in Taiwan: semiconducting material, information and communicating equipment. Their empirical consequences showed that betterment in IPRs had a positive impact on Taiwan ‘s exports if the importing state had a stronger R & A ; D ability than Taiwan. Furthermore, Liu and Lin found that when an importing state exhibited a strong menace of imitation, the betterment in IPRs in that state increased Taiwan ‘s exports through the market enlargement consequence. These consequences were corroborated farther by Yang and Huang ( 2009 ) .Harmonization has non increased exports from other developing statesSmith et Al. ( 2009 ) explore d whether TRIPS generated additions for developing states in the signifier of increased pharmaceutical exports. They found that TRIPS had non generated significant additions for developing states, but alternatively increased pharmaceutical trade in developed states.Chapter 6Intellectual Property and Innovation6.1 OverviewOver the past two decennaries, there has been a turning academic literature look intoing the relationship between IPRs and invention. This relationship can be examined through the impact of IPRs on domestic invention ( i.e. engineering creative activity ) and IPRs ‘ impact on engineering transportation ( i.e. engineering soaking up and diffusion ) . The undermentioned subdivisions review the theoretical statements for and against stronger IPRs in developing states, to act upon engineering transportation from developed states and domestic invention.6.2 The instance for stronger rational belongings rightsIntellectual belongings rights can supply inducements for houses to put in R & A ; DFirms do non hold the right inducements to put in R & A ; D and invention if the benefits of such investing accrue to their rivals. This is the traditional statement about private under-investment in R & A ; D due to market failure ( Foray, 2009 ) . The production of new merchandises and procedures generates new cognition. New cognition carries considerable economic value, but it has characteristics that make it debatable for the market system to manage decently. Knowledge is seen as a public good, and public goods have two basic properties. First, they are non-rival in ingestion and 2nd, they are ‘non-excludable ‘ . Without IPRs, a free market economic system can neglect to bring on an optimum investing in R & A ; D and invention, since investors would non be able to reimburse the full benefit from their investing. Stronger IPRs can give greater inducements to houses to put in R & A ; D.Stronger rational belongings rights can make ownership advantagesStronger IPRs give strong ownership advantages to houses in developed states, which can promote them to reassign their engineering to developing states through market channels: trade, FDI and licensin g.Stronger rational belongings rights can cut down asymmetric information in engineering transportationIPRs can significantly cut down asymmetric information jobs in undertaking for international engineering transportation ( Arora, 1995 ) .The proprietor of a engineering may hold complete cognition about its specifications, its effectivity when deployed under different fortunes, associated know-how and the similar, while the purchaser has far less information about it. Therefore, the purchaser would be unwilling to offer a monetary value that would cover all of these claimed benefits before they are certain that such information is right. However, the marketer could be unwilling to uncover the information without a contract in topographic point at an acceptable monetary value: to make so could change the negotiating footings in his disfavor at best, and instantly make a rival based on the revealed cognition at worst. Stronger IPRs can let the decrease of asymmetric information in un dertaking for engineering transportation.6.3 The instance against stronger rational belongings rightsStronger rational belongings rights can increase market powerStronger IPRs are likely to raise the costs of engineering transportation, since they increase discoverers ‘ market power. Inventors can be expected to sell engineerings at a monetary value higher than fringy cost, which is socially less than optimal for the recipient state, at least in a inactive sense.Strengthening rational belongings rights can be deficient to cut down the asymmetric information jobThe statement developed by Arora ( 1995 ) is based on the transactional troubles created by the fact that statute information and tacit cognition are complementary and must be transferred together. However, this statement overlooks a job sing the receiver state ‘s legal and proficient capacities, it needs highly-skilled people who are able to cover with complex contract dialogues ( Foray, 2009 ) .Intellectual belongings rights systems can promote diffusion of free proficient informationIt is utile to remember that patent systems do non needfully impede the diffusion of proficient information. Rather, patent systems can even excite the diffusion of proficient information, since the discoverer must publically unwrap the proficient inside informations of the new technological cognition in exchange for patent rights. Technical description is an indispensable act. It is intended to supply sufficient ‘instructions ‘ for a specializer in that peculiar field, so as to be able to reproduce the innovation and better it. Strong IPRs may compel investors to unwrap their innovations to the full. In this sense, the patent system can bring forth a immense depository of proficient information in any technological country which can b e freely used by anyone looking for information about a given engineering ( Foray, 2009 ) .Weak rational belongings rights can promote international engineering transportationthrough non-market channelsInternational engineering transportation frequently occurs through non-market channels: nonvoluntary airing via copying and contrary technology. During the period of weak IPRs in developing states, copying was surely a major channel for international engineering transportation, in peculiar in the newly-industrialised states. Historical instances show that several developed states have used weak IPRs to hike the development of their industries ( Foray, 2009 ) . One can reason that it is plausible that IPRs may hinder such engineering transportation while beef uping ‘market-based ‘ channels, i.e. engineering transportation through trade, foreign direct investing and licensing6.4 The empirical groundsThe empirical literature on the impact of IPRs and invention in a North-South context has increased significantly throughout the 1990s and 2000s. The empirical grounds can be divided into two chief organic structures of work, foremost analyzing the effects of IPRs on international engineering and secondly look intoing how IPRs can impact on domestic invention in developing states.6.4.1 Evidence on international engineering transportationIntellectual belongings rights tend to impact positively on licensingThe majority of the empirical literature on the impact of IPRs on international engineering transportation has focused on the market-based signifiers of engineering transportation: trade, FDI and licensing. Yang and Maskus ( 2001 ) regressed the existent volume of license fees for industrial procedures paid by unaffiliated foreign houses to US houses in 23 developed and developing states in the 1980s and 19 90s on the Ginarte-Park index ( Australia, Brazil, Canada, Germany, Hong Kong, Indonesia, Israel, Italy, Japan, Korea, Malaysia, Mexico, New Zealand, Norway, Philippines, Singapore, South Africa, Spain, Sweden, Switzerland, the Netherlands, UK and Venezuela ) . They discovered that stronger patent rights pull larger arm's-length volumes of accredited engineering, and that a 1 per cent rise in the index would increase licencing volumes by 2.3 per cent on norm. Smith ( 2001 ) relates US export, gross revenues of foreign affiliates and licensing fees to the Ginarte- Park patent index in several developed and developing states. In peculiar, Smith finds important grounds that stronger IPRs addition licensing payments on norm, at least for states with strong imitative abilities. Using the firm-data from Nipponese multinationals, Ito and Wakasugi ( 2007 ) found that stronger enforcement of IPRs accelerates the intra-firm engineering transportation measured by royalty payments from the affiliate to its parent houses.Intellectual belongings rights affect the channels of engineering transportationWhen analyzing the effects of I PRs on engineering transportation, it is of import to see the manners of bringing of engineering transportation through the different market channels: trade, FDI and licensing. The determinations among the different channels of engineering transportation depend on the strength of IPRs and ownership advantage ( Smith, 2001 ) . These determinations concern whether or non to reassign production, and therefore cognition, outside the beginning state and/or the beginning house. Firms prosecuting in exports hold their cognition inside both the beginning state and house. Firms that set up affiliates abroad transfer cognition outside the beginning state, but hold knowledge assets inside the beginning house. Firms that license their cognition assets to unaffiliated foreign houses transfer cognition outside both the beginning state and house. Smith ( 2001 ) finds that strong IPRs have a larger consequence on US cognition transferred outside the state and house, comparative to knowledge located inside the state and internalised in the house. In order words, strong IPRs spring inducements to houses in developed states to licence their engineerings to other houses in developing states, since the former will be able to command better the cognition transferred.6.4.2 Evidence on domestic inventionAlthough there are many empirical surveies on the relationship between IPRs and domestic invention ( i.e. engineering creative activity ) in developed states, the empirical literature on developing states is much more limited.Stronger rational belongings rights seem to promote invention in emerging industrialized economic systemsUsing panel informations for 64 developing states over the period 1975-2000, Chen and Puttitanun ( 2005 ) showed the positive impact of IPRs on inventions in developi ng states. Dutta and Sharma ( 2008 ) examined whether IPRs in India have increased invention by houses. Using panel informations on Indian houses from 1989 to 2005, they found strong grounds that Indian houses in more innovation-intensive industries increased their R & A ; D outgo after TRIPS. The estimated within-firm addition in one-year R & A ; D disbursement after TRIPS was on mean 20 per centum points higher in an industry with a one standard-deviation higher value of invention strength.Chapter 7Intellectual Property, Genetic Resources and Traditional Knowledge7.1 OverviewFamilial resources from workss, animate beings and microorganisms are common in developing states, amounting to 90 per cent of the universe ‘s familial resources. Communities and persons in developing states have exploited these familial resources through the coevalss. Their usage is embodied in what frequently is referred to as traditional cognition. Clear events affecting IP jurisprudence and tradition al cognition, every bit good as theoretical arguments, have informed the inquiries asked in empirical surveies ( Oguamanam, 2008 ) .7.2 Evidence from the position of developing statesUniform IP Torahs can non guarantee diverseness of entree and benefit-sharingFor developed states, the effectivity of steps to protect diverseness of cognition depends on favourable market conditions and on communities ‘ capablenesss to allow a degree of market power. This decision that protection of diverseness in invention and production depends on local capablenesss nowadayss specific concerns for developing states. Some surveies find that there are strong monetary value premiums for high-quality biological merchandises arising from developing states, such as java ( Grote, 2007 ; Tregear et al. , 2007 ) . Developing states host the bulk of familial resources but frequently lack the technological capacity and capital to develop these resources sustainably. Trommetter ( 2005 ) suggests, through m ention to historical instance surveies in pharmaceuticals and agribusiness, that developing states ‘ capacity to negociate, their bargaining power and perceptual experiences of their committedness to implement understandings impact the just benefit-sharing of familial resources among those in developed and developing states.Tailored IP Torahs may back up diverseness of entree and benefit-sharingCases where a clear deficiency of capableness in developing states to act upon invention processes correspond with a turning literature look intoing steps to supply for diverseness of engagement in cognition protection governments in developing states. This subdivision reviews the empirical literature in each of these countries in bend, underscoring the grounds for the effectivity of these different steps possible through IP jurisprudence to protect the diverseness of cognition related to familial resources in developing states.Chapter 8RecommendationsThere are theoretical statements de moing that beef uping IPRs can hold positive effects on FDI. Strong rights can make ownership advantages that allow houses to put abroad. They can besides stand for a location advantage, which can be used by developing states to pull new cross-border investing. Furthermore, stronger IPRs can supply inducements for multinationals to increase the quality of their investing dedicated to developing states. Strong IPRs can increase the market power of multinationals in developing states, giving them inducements to increase the monetary value of their merchandises and to diminish their investing and gross revenues abroad. Furthermore, beef uping IPRs can cut down FDI to the benefit of licensing. Empirical grounds shows that stronger IPRs positively affect the volume of inward FDI in developing states, particularly those with strong proficient absorbent capablenesss. Additionally, they may act upon the composing of FDI by promoting investing in production and R & A ; D instead than in gross revenues and distribution. international harmonization of IPR governments may promote exports from emerging industrialized states. However, this harmonization does non look to hold increased exports from other developing states. Stronger IPRs in developing states may further international engineering transportation, at least to states with strong technological absorptive capablenesss. Stronger IPRs are needed in developing states to promote domestic invention due to market failure and to ease international engineering transportation from developed states due to information dissymmetries in catching.Chapter 9DecisionThe argument for rational belongings rights execution in developing states provides the base for the limit among developed, developing and hapless or least developed states ( LDC ) . On one side, developing states views the TRIPS understandings, in association to rational belongings rights as an bullying for their present economic systems, which might finally increase the entree to technological merchandises by increasing their cost. Soon, there is a demand to set up a model on the base of TRIPS understanding which could let the unvarying execution of strong or comparatively better IPR governments in the underdeveloped economic systems. This study has examined the impact of beef uping IPRs in developing states in four chief countries – FDI, trade, invention and familial resources and traditional cognition through a reappraisal of the most recent scholarly and gray literature. The empirical findings from the study show that stronger IPRs seem to act upon the determinations of single houses in developed states by promoting them to export, put and reassign their engineerings through licensing in developing states, in peculiar those with strong proficient absorbent activities. By increasing market power, strong IPRs can increase the costs of international engineering transportation. Furthermore, well-structured IPRs can promote the airing of free proficient information in the economic system. Some theoretical statements suggest that stronger IPRs are needed in developing states to promote domestic invention due to market failure and to ease international engineering transportation from developed states due to inf ormation dissymmetries in catching. As a conclusive note, beef uping IPRs can increase the market power of foreign houses in developing states, giving them inducements to increase the monetary value of their merchandises and diminish their exports to developing states. Furthermore, beef uping IPRs can cut down trade to the benefit of licensing. Furthermore, there is empirical grounds proposing that IPRs can positively impact trade, at least with states with high proficient absorbent capablenesss. However, stronger IPRs have differential effects across industries.

Learn How to Read a Barometer

Learn How to Read a Barometer A  barometer  is a device that reads atmospheric pressure. It is used to predict the weather by tracking atmospheric pressure changes resulting from the presence and movement of warmer and colder weather systems. If you are using an analog barometer at home or a digital barometer on your cell phone or other electronic devices in the U.S., you may see the barometric reading reported in inches of mercury (inHg). The International System of Units (SI unit) used worldwide is Pascals (Pa, which is approximately equal to 3386.389 times inHg), and meteorologists use the unit millibars (mb, or 33,864 times inHg). Heres how you read a barometer and what those readings mean in terms of changes in air pressure and what weather is headed your way. Atmospheric Pressure The air that surrounds the Earth creates atmospheric pressure. When you go up into the mountains or fly high in an airplane, the air is thinner and the pressure is lower. The air pressure at sea level at a temperature of 59 F (15 C) is one atmosphere (Atm), and it is the baseline reading for determining your relative pressure. Air pressure is also known as barometric pressure and it is measured using a device called a barometer. A rising barometer is one that indicates increasing air pressure; a falling barometer indicates decreasing air pressure. How Air Pressure Changes Changes in air pressure are also caused by the difference in air temperature above the Earth. Air temperature of masses is affected by what they are above: an air mass above continental landmasses has a different temperature than that above an ocean. Those differences create wind and cause pressure systems  to develop. The wind moves those pressure systems, and they in turn change as they pass over mountains, oceans, and other areas. The French scientist and philosopher Blaise Pascal (1623–1662) discovered in the 17th century that air pressure decreases with height, and measuring air pressure changes at ground level at any one place can be related to daily weather changes. Often,  weather forecasters  refer to a storm or low-pressure area moving toward your region. As air rises, it cools and often condenses into clouds and precipitation. In high-pressure systems the air sinks toward the Earth and warms upward, leading to dry and fair weather. Changes in Barometric Pressure In general, the barometer can let you know if your immediate future will see clearing or stormy skies, or you are not likely to experience a change. When the air is dry, cool, and pleasant, the mercury or barometer reading rises.When it rises, it often means clear weather.When the air is warm and wet, the barometer reading falls.When the air pressure falls, it usually indicates some type of storm or wet weather is coming.If the barometer remains steady, there will be no immediate change in the weather. Predicting the Weather With the Barometer More specifically, a barometer with readings in inches of mercury (inHg) can be interpreted in this manner: If the reading is over 30.20 inHg (102268.9 Pa or 1022.689 mb): Rising or steady pressure means continued fair weather.Slowly falling pressure means fair weather.Rapidly falling pressure means cloudy and warmer conditions. If it falls between 29.80 and 30.20 (100914.4–102268.9 Pa or 1022.689–1009.144 mb): Rising or steady pressure means present conditions will continue.Slowly falling pressure means little change in the weather.Rapidly falling pressure means that rain is likely, or snow if it is cold enough. If the reading is under 29.80 (100914.4 Pa or 1009.144 mb): Rising or steady pressure indicates clearing and cooler weather.Slowly falling pressure indicates rainRapidly falling pressure indicates a storm is coming. Isobars on Weather Maps Weather researchers (called meteorologists) use a metric unit for pressure called a millibar and they define the average pressure of a given point at sea level and 59 F (15 C) as one atmosphere, or 1013.25 millibars. When a meteorologist points to a line on a weather map and refers to it as an isobar, she is referring to a line which connects points of equal atmospheric pressure. For example, a weather map will show a line connecting all points where the pressure is 996 mb (millibars) and a line below it where the pressure is 1000 mb. Points above the 1000 mb isobar have a lower pressure and points below that isobar have a higher pressure. That helps the meteorologist plot the coming changes in weather over the region.

How true is it that stocks are a good investment

How true is it that stocks are a good investment Introduction Economists view stock as the original or initial capital of goods, equipment or money that investors bring into the business when it is being founded. Stock is however different from the assets of a business because the assets depreciate in value while stock doesn’t.Advertising We will write a custom article sample on How true is it that stocks are a good investment? specifically for you for only $16.05 $11/page Learn More Stock also acts as security to the lenders of the business for example the creditors and the financial institutions. Investment on stock is so widespread and popular to many companies and many investors because of the belief that they have good returns especially over a long period of time. Many companies have invested on stock believing that it has good returns. Most of the investors however are blind when investing and they do not act rationally especially while investing on stocks. This means that they always expect so much and tend to concentrate more on the returns without exploring all the risks involved in investing in stocks for a long period of time. These kinds of investors are said to be irrationally optimistic. A good investment in stock will lead to high and profitable returns from equities and bonds. Stocks have a standard deviation throughout the investment period and this will affect the level of returns from equity. This means that their value change from time to time depending with the market for example stocks listed on stock exchange always have their values fluctuating and therefore their returns are so uncertain and unpredictable Investors are always optimistic that investing in stock in the long run will lead to high equity returns because they will adjust to inflation levels and that as much as they are risky, they offer a high rate of return. This argument has been practically justified by the United States Markets and investors. Over the past twenty years there United Sta tes Markets and even Markets in many other countries have invested in stocks and there have been high returns of equity of more than five percent with a consistency of almost twenty years despite all the risks involved. This showed that an investment in stock for a long time would overcome all the risks and be profitable. An investor can therefore argue that stock is a good investment in the long run Most companies invest in stock because they believe that the returns from stock will be higher than the rate of inflation in the market and therefore there will be high returns. This belief has been justified by the constant real and high returns that have been experienced in many markets of different countries for example the United States of America and the increase in equity ownership over a long period of time.Advertising Looking for article on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More As much as stock may bring low returns in the short run period, investors are still optimistic that long run period is the best period to invest on stocks because it overcomes any hindrances that would have occurred in the short run and that would have reduced the level of return of stock either in the short or long run. Even though the returns from equity are very high and attractive , investors cannot rely on stocks to perform well as an investment even in the long run. The overall returns from stock is however less profitable than many other investment projects and therefore investors should explore other projects rather than be tempted to invest in stock by the high returns of equity Conclusion It is true that stock is generally a good investment for optimistic investors in the long run. It is however not advisable to concentrate on investment of stock solely because they are very risky and the long run is always not certain and the returns are probably not as much as and therefore it is advisable to invest on stock just when the market is profitable in enough to bring good returns even with the presence of risks

Definition and Examples of Tautologies in English

Definition and Examples of Tautologies in English   In grammar, a tautology is a  redundancy,  in particular, the needless repetition of an idea using different words. Repetition of the same sense is tautology. Repetition of the same sound is tautophony. In rhetoric and  logic, a tautology is a statement that is unconditionally true by virtue of its form alonefor example, Youre either lying or youre not. Adjective: tautologous or tautological. Examples and Observations Here are examples of tautology in use by famous authors in their work: It took only as many minutes to find the following half-dozen examples in one days crop of papers: A major nuclear disaster could have been sparked off . . .. . . who died of a fatal dose of heroin. . . equalized the game to a 2-2 draw. . . kept it from his friends that he was a secret drinkerDirty Den has made up his mind never to go back to EastEnders, finally severing his connection with the soap . . . a group for one-parent single mothers Tautology is either unnecessary elaboration (the Inland Revenues white-collar workers), pointless repetition (pair of twins), superfluous description (Europes huge butter mountain), a needless appendage (weather conditions) or a self-cancelling proposition (He is either guilty or not guilty). (Keith Waterhouse, Waterhouse on Newspaper Style, rev. ed. Revel Barker, 2010)At the risk of being redundant and repetitive, and redundant, let me say that tautology is the last thing children need from their parents, especially when they are in trouble.Whatever you have to say, whatever you do, avoid tautology. Try to say it only once! (Tom Sturges, Parking Lot Rules 75 Other Ideas for Raising Amazing Children. Ballantine, 2009)The new public management has brought new ailments, particularly tautology. You often see such phrases as first class organizations are those that perform excellently. (David Walker, Mind Your Language. The Guardian, Sep. 27, 2006) Mark Twain on Tautological Repetition I do not find that the repetition of an important word a few timessay, three or four timesin a paragraph troubles my ear if clearness of meaning is best secured thereby. But tautological repetition which has no justifying object, but merely exposes the fact that the writers balance at the vocabulary bank has run short and that he is too lazy to replenish it from the thesaurusthat is another matter. It makes me feel like calling the writer to account. (Mark Twain, Autobiography of Mark Twain. University of California Press, 2010) Tautologies in Logic In common parlance, an utterance is usually said to be tautologous if it contains a redundancy and says the same thing twice over in different wordse.g., John is the father of Charles and Charles is a son of John. In logic, however, a tautology is defined as a statement that excludes no logical possibilitiesEither it is raining or it is not raining. Another way of putting this is to say that a tautology is true in all possible worlds. No one will doubt that, irrespective of the actual state of the weather (i.e., regardless of whether the statement that it is raining is true or false), the statement Either it is raining or it is not raining is necessarily true.(E. Nagel and J. R. Newman, Gà ¶dels Proof, 1958  A  tautology is  a statement that is logically, or necessarily, true or is so devoid of content as to be practically empty (and thus true because completely empty statements, making no claim, cannot be false). Example: Scott Peterson did it or he didnt.  (Howard Kahane and Nancy Cavender,  Logic and Contemporary Rhetoric, 10th ed. Thomson Wadsworth, 2006) Tautology. Yes, I know, its an ugly word. But so is the thing. Tautology is this verbal device which consists in defining like by like . . .. Since it is magical, it can of course only take refuge behind the argument of authority: thus do parents at the end of their tether reply to the child who keeps on asking for explanations: because thats how it is, or even better: just because, thats all. (Roland Barthes, Mythologies. Macmillan, 1972) Tautology as a Logical Fallacy One of the most boring fallacies, the tautology, basically just repeats the premise. FAN: The Cowboys are favored to win since theyre the better team.​  (Jay Heinrichs, Thank You for Arguing: What Aristotle, Lincoln, and Homer Simpson Can Teach Us About the Art of Persuasion. Three Rivers Press, 2007) Pronunciation: taw-TOL-eh-jee Also Known As: pleonasm EtymologyFrom the Greek, redundant

Dornbusch Overshooting Hypothesis Essay Example | Topics and Well Written Essays - 3250 words

Dornbusch Overshooting Hypothesis - Essay Example Indeed, this result is derived in a model of perfect capital mobility and sticky prices. The overshooting paper not only was a great piece of research, but also had important policy implications. In the context of flexible exchange rates, not only among major currencies, but also increasingly with emerging market currencies, the excessive volatility is usually mentioned as the main disadvantage of free floating. A policy sequel is that overshooting is often used to justify intervening in foreign exchange markets. This is also a strong reason why policymakers suffer from "fear of floating" (Calvo and Reinhart, 2002). From the empirical point of view, the evidence has been mixed and there are several dimensions in which the model performs poorly.1 Starting from the "exchange rate disconnect puzzle" from Meese and Rogoff (1983), which shows that no structural model can predict exchange rates, not even monetary ones, there have been many attempts to explain exchange rate fluctuations. Faust and Rogers (2003) and, more recently, Bjjournland (2006) propose new identification restrictions that reduce this delayed overshooting. Although the researcher does not intend to address empirically the overshooting hypothesis, it is useful to review analytically the robustness of overshooting and which type of conditions are required to generate a different behavior of exchange rates. The researcher plans to examine the conditions under which the exchange rate undershoots instead of overshoots as in the original model. This could help to reconcile the evidence with Dornbush's model (Rogoff, 2002). However, in the basic theoretical framework, the conditions to generate undershooting are rather contrived, namely, that the interest rate rises as a result of a monetary expansion. Therefore, under perfect capital mobility, with the consequent uncovered interest rate parity, overshooting should be a natural outcome. I also show that dropping perfect capital mobility as suggested by Frenkel and Rodriguez (1982) also requires special conditions. In such case it would be necessary for the current account deficit to narrow after a monetary expansion. Empirical Analysis: Exchange rate shooting during Financial Crises of 1990s This part of the papers documents main characteristics of the exchange rate movement in the countries that experienced currency crises in the 1990s. First, the researcher introduces the data set that we use and then analyze the exchange rate movements in these countries to examine the existence of any systematic regularity that derives the exchange rate overshooting. Data The sample includes currency crises in the 1990s. First, the researcher collects all episodes of speculative attacks in the 1990s based on Glick and Rose (1999). The researcher excludes unsuccessful speculative attacks where countries maintained stable exchange rates even under the pressure of speculative attacks. the researcher also excludes a few recent cases in which the exchange rate is still unstable and the complete exchange rate dynamics during currency crises are not revealed. This selection process reduces the available data set to 24 episodes, which consist of 10 cases in the 1992-3 European crisis, 4 cases in the 1994-5 Mexican crisis, and 10 cases in the 1997-8 Asian crisis and related others. List of countries is reported

ZipCar Essay Example | Topics and Well Written Essays - 1000 words

ZipCar - Essay Example Based on the case and financial projections, it is clear that main value drivers of ZipCar include its resources (cars), targeting the right customer segments and operating costs. The following analysis has helped in arriving at some key findings, which can be of great help to not only improve the business but also can add weight to the concept to attract investment. The revised financial projections for ZipCar has incorporated changes with respect to subscription fees according to customers’ needs and has increased the per mile charge in comparison with competitors. Considering the business potential and huge investment that is required for ZipCar to function as expected and to expand, it is also important that it minimizes costs wherever possible. One key area that incurs huge costs is obtaining cars on lease. As per the present projections, ZipCar would require $4,400/year to lease one car and would require an average of 50 cars per year and is expecting to increase the num ber of serviceable cars on a yearly basis. This would mean increase in leasing costs. Moreover, there is also an apprehension that car companies might not find this business promising if they have to lease too many cars to one company. The projections reveal between 10% to 25% growth on a yearly basis. The NPV is calculated using three discount rate assumptions (10%, 15%, 20%) based on the projections (see Exhibit i). The growth of the business as shown in revised financial plan does not indicate any uniformity; however the minimum growth rate is at 14%; hence, calculation of NPV with discount rates assumptions below, above and at that point seemed logical in this case. With similar notion, the terminal value of business has been calculated (Exhibit i). These figures indicate that for an investment of $1.3 million to fetch a growth of at least 15% returns, it becomes necessary that the business maintains a steady growth rate at 10% over next 5 years. In order to achieve this, it is also necessary that profitability is increased for which the below described recommendation might of some help. Besides business expansion, profitability can also be increased by minimizing costs. One possible and implementable solution is to minimize costs incurred by leasing out cars, which attracts much of the investment. This can be done by leasing cars from individuals only a monthly basis (rent) rather than yearly basis. Considering risk factor, it would be better that ZipCar takes 30% of its cars from individuals that do not use their cars too often in exchange of money on a monthly basis. While ZipCar can own the responsibility of these cars in case of damage, it can avoid maintenance of 30% of its cars as it already pays rent to the individuals. The fuel expenses will be borne by the customers. By doing so, ZipCar can save costs incurred towards leasing, maintenance, and insurance of 30% of the cars. Changes in financial projection if such model is adopted has been shown in Exhibits ii and iii; the NPV and TV of the firm after incorporating this recommendation is included in Exhibit i. Exhibit i NPV= Net present value DR = Discount Rate TV= Terminal value of investment Exhibit ii. Recommended model: Exhibit iii: Comparison between original, revised and recommended

Emerging Trends in Health Care Term Paper Example | Topics and Well Written Essays - 500 words

Emerging Trends in Health Care - Term Paper Example As elucidated by Sena, adoption of technology in healthcare is one of the emerging trends affecting health care. Just like in any other industry, the use of technology is imperative in healthcare as healthcare organizations strive to align their services with their objectives of providing quality services to their clients. In essence, the use of technology has made the job of doctors and nurses easier and patients are able to access healthcare services more rapidly. A good example of how technology is used today in healthcare is electronic health records which improves efficiency of services. Doctors and physicians are therefore able to access patients' medical information in their computers by just a click. Secondly, according to Sena, individuals seeking treatment today are more involved in the provision of care. This can be attributed to the fact that the modern man is more sophisticated in terms of education. Therefore, people today tend to evaluate all available healthcare avenues in order to make an informed decision on the institution offering the best services. This has also been contributed by the fact that people are able to access information particularly through the internet. Consequently, people in the contemporary world can identify differences in terms of services, costs, as well as quality of services in different institutions as relevant information is available on the internet. The third emerging trend is closely linked to the current high spending in healthcare that has pushed up health insurance premiums.

The Role of Social Media in the Management of Information on an Assignment

The Role of Social Media in the Management of Information on an Organization - Assignment Example Social media has many uses, the majority of which are beneficial while a few are detrimental. In a positive way, social media have revolutionized both personal and business communications. The new communication technology has completely transformed the mode of information management in many organizations. It has been used in advertising, delivery of news, chatting, sharing of photos and images, among other diverse uses. Social media has enlarged the social space for millions of people. On the detrimental side, social media have facilitated cyberbullying, bad publicity, and the spread of propaganda among other problems. Social media has facilitated globalization through the creation of vast interactive networks through sharing of information. Sites such as LinkedIn provide a platform on which professionals share their ideas and research work resulting in synergistic research. More growth is expected in the social media industry and its effects will continue to be felt in the corporate arena. Social networks have influenced in a great way in which organizations go on with their usual duties. Verbal communication has greatly declined while the social space has widened whi le the advertising platforms have increased. However, the social sites have been faulted for its simplicity in sharing any information, some of which may place an organization at a vulnerable position. In this paper, I will endeavor to establish the role of social media in the management of information in an organization. In addition, a focus on ‘cloud networking’ shall be put into perspective as it relates to the management of information. Finally, the issue of security in the management of information shall be addressed. Social media has made computer-aided communication very easy, convenient and affordable. Through social media, one may access information that their followers are updating instantly.  

Home work communication Assignment Example | Topics and Well Written Essays - 1000 words

Home work communication - Assignment Example Whereas parent-child attachment may have been developed during the child’s babyhood, this bond is likely to be tested as the child develops his or her own personality. These are, in many ways, bigger problems than the difference in race between the parent and adopted child (Fisher, 2003). With trans-racial adoption, there may be extra issues that the adoptive parent is often encouraged to deal with in his or her children of a different race. According to a research that sought to understand how cultural identity is reinforced by the adoptive parents of foster children of a different race, participants stated that it is quite common for strangers to ask odd questions about the true heritage of the child (Herd, 2012). While there are strangers who will comment positively on the rich mix in a multicultural family, there are others who will make unbecoming remarks. According to the study documented by Herd, there are different strategies with which adoptive parents can respond to uncalled for remarks. For instance, they can change the subject, inquire as to the intention of the stranger, or simply educate him or her on how adoption works. It is also important to realize that trans-racially adopted children do not have the opportunity to learn about their birth cultures by watching their adopted parents in daily life. This means that adoptive parents with children of a different race should seek for opportunities in which their children can be party to positive or constructive events during which people of their own ethnic background are portrayed positively. According to the research participants in the study documented by Herd, adopted children can learn about the special attributes of their personhood by being exposed to people of their birth race in positive ways (Herd, 2012). For instance, Caucasian parents who were part of this study often took their African American children to salons where they had a chance to learn how best to manage African American hair. This experience not only reinforced positive aspects of the African American experience for the children, but also helped in building their relationships with their adoptive parents. Once this trust is established, the children involved in trans-racial adoptions, among other types of adoptions, will trust what their adoptive parents say and how they teach them about the world’s attitude towards their unique family. According to a research conducted by the Eva B. Donaldson Adoption Institute, â€Å"trans-racial adoption is not responsible for the development of social or psychological maladjustment issues in adopted children; rather, these children, like all other adopted children and their parents face assorted challenges, and the way in which the parents respond to the problems hinders or facilitates the children's progressive development (VanderMolen, 2005). According to the participants in this study, the issue of adoptive identity challenges all children regardles s of race. It is common for adopted children, for instance, to downplay the adoption issue when in school because they want to fit in and not seem odd. However, inside, they have to deal with fears such as losing their adoptive parents and questions about why their real parents gave them up. There are many advantages to adopting children from a different race (Woolf, 2006). Psychological research studies have established that trans-racially adopted children tend to deal with

The Role of Social Media in the Management of Information on an Assignment

The Role of Social Media in the Management of Information on an Organization - Assignment Example Social media has many uses, the majority of which are beneficial while a few are detrimental. In a positive way, social media have revolutionized both personal and business communications. The new communication technology has completely transformed the mode of information management in many organizations. It has been used in advertising, delivery of news, chatting, sharing of photos and images, among other diverse uses. Social media has enlarged the social space for millions of people. On the detrimental side, social media have facilitated cyberbullying, bad publicity, and the spread of propaganda among other problems. Social media has facilitated globalization through the creation of vast interactive networks through sharing of information. Sites such as LinkedIn provide a platform on which professionals share their ideas and research work resulting in synergistic research. More growth is expected in the social media industry and its effects will continue to be felt in the corporate arena. Social networks have influenced in a great way in which organizations go on with their usual duties. Verbal communication has greatly declined while the social space has widened whi le the advertising platforms have increased. However, the social sites have been faulted for its simplicity in sharing any information, some of which may place an organization at a vulnerable position. In this paper, I will endeavor to establish the role of social media in the management of information in an organization. In addition, a focus on ‘cloud networking’ shall be put into perspective as it relates to the management of information. Finally, the issue of security in the management of information shall be addressed. Social media has made computer-aided communication very easy, convenient and affordable. Through social media, one may access information that their followers are updating instantly.