Free Essays on Boston

Key Management Model †Boston Beer Company The point of this report is to recognize a portion of the potential methodologies that Boston Beer Company could embrace. So as to do as such, it isn't just important to have a comprehension of the organization itself, yet additionally of the business wherein it works. Investigation of Brewing Industry With almost 80 million American brew consumers, lager has gotten one of the most famous refreshments, second just to water and tea. Every year, the U.S. refreshment industry delivers and sells more than 2.6 billion instances of lager, or about 193.3 million barrels. Albeit light lager kept on ruling the market with a 37 percent share, the utilization pace of miniaturized scale mixes or claim to fame brew additionally kept on developing in notoriety. Standard and Poor’s accepts that the U.S. fermenting industry specifically will profit by a good valuing condition for lager, improving segment patterns, and rising utilization of premium items. What's more, proceeded with efficiency enhancements and high industry wide limit usage rates should help benefits. Given these variables, we anticipate that working benefits for the household fermenting industry will progress somewhere in the range of 6% and 8% in 2003. This follows a solid presentation in 2002, when working benefits for the residential preparing industry rose over 10%, by our gauge. Market Segment The art fermented lager industry is regularly isolated into four industry portions - microbreweries, provincial strength bottling works, contract blending organizations, and brewpubs - which are separated by volume of creation and dispersion channels. The undisputed pioneer of the microbrew portion has been the Boston Beer Company (BBC) and its item Samuel Adams, the tenth biggest lager maker in the nation. A tragically deceased American custom, the art prepared lager industry has appreciated a rebound lately and now is among the quickest developing residential refreshment sections notwithstanding national patterns ... Free Essays on Boston Free Essays on Boston Vital Management Model †Boston Beer Company The point of this report is to distinguish a portion of the potential methodologies that Boston Beer Company could embrace. So as to do as such, it isn't just important to have a comprehension of the organization itself, yet in addition of the business in which it works. Investigation of Brewing Industry With almost 80 million American brew consumers, lager has gotten one of the most famous refreshments, second just to water and tea. Every year, the U.S. refreshment industry delivers and sells more than 2.6 billion instances of brew, or about 193.3 million barrels. Albeit light lager kept on commanding the market with a 37 percent share, the utilization pace of smaller scale blends or forte brew likewise kept on developing in fame. Standard and Poor’s accepts that the U.S. blending industry specifically will profit by a great estimating condition for brew, improving segment patterns, and rising utilization of premium items. Also, proceeded with efficiency enhancements and high industry wide limit usage rates should help benefits. Given these components, we anticipate that working benefits for the local fermenting industry will progress somewhere in the range of 6% and 8% in 2003. This follows a solid presentation in 2002, when working benefits for the local blending industry rose over 10%, by our gauge. Market Segment The art blended lager industry is frequently partitioned into four industry portions - microbreweries, provincial claim to fame distilleries, contract preparing organizations, and brewpubs - which are separated by volume of creation and circulation channels. The undisputed pioneer of the microbrew portion has been the Boston Beer Company (BBC) and its item Samuel Adams, the tenth biggest lager maker in the nation. A tragically deceased American convention, the art fermented lager industry has appreciated a rebound as of late and now is among the quickest developing residential drink portions regardless of national patterns ...

The Late Paper Essay Example | Topics and Well Written Essays - 500 words

The Late Paper - Essay Example In the situation introduced, Kim is the most capable individual for her own disappointment. It might appear to be out of line, considering she has done her part in finishing her necessities for the course, yet gave in to the allurement of postponing its accommodation because of her longing for joy with her companions. She got self-satisfied in her obligation to present her paper before its due date since it was at that point done early. Arnold, Kim’s spouse, further puts Kim in a difficult situation by declining to drive his better half to her professor’s office to make it quicker and progressively helpful for her to present the paper. He is so drenched in his own uncertainty of Kim’s ascend to progress that he attempts to attack it by being unsupportive. His pride as the man of the house shields him from permitting his better half to create as individual, as she is well on the way to overwhelm him as far as height. Cindy, Kim’s colleague was a lighthearted impact in Kim’s choice to postpone the accommodation of her paper. Cindy was out for a decent time with Kim and her companions that she didn't consider the significance of Kim’s need. Philip, Arnold’s collaborator is answerable for planting frailties in Arnold’s mind by taking care of him vindictive data with respect to Kim’s want to better herself as an individual through her investigations. In prodding Arnold that Kim will have the option to discover a school fellow to supplant him, Philip has irrefutable activated Arnold’s envy, which provoked him to be unsupportive of Kim. Teacher Freud has not been delinquent in spreading out her standard procedures structure the start. Be that as it may, in Kim’s case, being a â€Å"A† understudy, the great teacher ought to have quite recently absolved her from her lateness of a simple 15 minutes in accommodation of the paper. She knows how hard Kim has functioned, and ought to have thought of her as execution for the entire term rather than a minor issue as an integral factor in giving Kim a â€Å"F† for the course. Mary, Professor Freud’s secretary, uncouthly gave Kim confirmation that

Blog Archive What I Learned atKellogg, Part 1

Blog Archive What I Learned atKellogg, Part 1 In our “What I Learned at…” series, MBAs discuss the tools and skills their business schools provided as they launched their careers. mbaMission connected with Chris Brusznicki, founder of Gameday Housing, the leader in the sports vacation rental market.  In Part 1 of this four-part series, Chris discusses how guest speakers at Kellogg inspired him to consider different business models and roll up his sleeves.   When I decided to leave the U.S. Army to go to the Kellogg School of Management in 2006, I decided to sell my rental property, because I did not want to manage it from afar. I wanted to invest in real estate in Chicago or in Evanston (where Kellogg is located), but everything was so expensive, as the bubble continued to inflate, so I started to look “afar” anyway. I had gone to college at Notre Dame in nearby South Bend, Indiana, and a friend of mine from college who was studying at Northwestern Law School was looking at property in a town we knew well. We decided that we would buy a place in South Bend, hoping that we could rent it out on game days and make our payments via the rent, as the price of the property appreciated. As it turns out, in only three game weekends, we made enough money renting our place to cover our mortgage for the year and to also pay for our furnishings. It was pretty clear to us that we were on to something, so we started to pay for more houses using ou r rental cash flow. As we purchased more and more homes, we started to develop a centralized rental business, which would ultimately evolve into GamedayHousing.com. As we grew Gameday Housing, I was in a perfect place, through Kellogg, to live the experiences of other entrepreneurs and see other business models. There was a constant stream of entrepreneurs coming through, and it didn’t really matter to me whether their business models were anything like ours or notâ€"I just enjoyed listening to those who built interesting companies that endured. I loved listening to the bootstrappersâ€"the guys who had no financing and had unsexy ideas. Wayne Huizenga spoke at the school and told us about how when he was growing Waste Management, he would pick up trash during the day and then get into a suit and sell his firm’s services at night. We had “lunch and learns” with CEOs of all sorts of different companiesâ€"like a retailer who was trying to carry very few items and had no checkout line, in order to cut down on rental costs and create a certain feel in the store. I went to as many entrepreneurial events as I could and kept thinking, “How can I apply this?” I graduated and took a job with Goldman Sachs, while keeping our rental business alive. As the financial crisis came, I saw the lack of professional security and realized that with my rental business taking off, leaving Goldman was fairly low risk. In 2009, Gameday became my everyday focus. Share ThisTweet Northwestern University (Kellogg) What I Learned at...

Interpersonal Communication in Social Network Essay

The movie â€Å"Social Network† is about the ideas and the development behind the creation of the very popular social networking site â€Å"Facebook†. Mark Zuckerberg is the main character in the movie and also the actual creator of Facebook. There are multiple instances, where various components of interpersonal communication are used throughout this movie. For instance, in the very beginning of the movie Zuckerberg is speaking to his girlfriend Erika, about school, which appears to be a relationship of both circumstance and choice, but uses a bit of sarcasm and conversational narcissism when speaking with her. His girlfriend in return uses the direct termination strategy, justification, by telling Zuckerberg, â€Å"we are not dating anymore, I am†¦show more content†¦She suggests that female-male communication is cross-cultural communication, with all of the challenges of communicating with people who are different from us (p. 88). Hence, the same information can affect each gender in a different way. â€Å"Men often communicate to report; women often communicate to establish rapport. So the point of difference isn’t in the way the sexes actually communicate but in their motivations or reasons for comm unicating† (p. 88). The guys that received the two pictures of the girls were excited and all voted on who they considered â€Å"hotter.† The girls on the other hand couldn’t believe that it was being sent around and were offended. Females tend to take things more literally and are likely to be more emotional than men, which should be taken in to consideration, when any interpersonal communication is taking place. During Zuckerberg’s creation of Facebook he came up with the idea of â€Å"relationship status†, stating that â€Å"this is what drives life in college. Are you having sex or aren’t you? It is why people take certain classes, and sit where they sit, and do what they do†¦Ã¢â‚¬  He is implying that sex runs the lives of students and young adults, which can become a variable in communication. There are many variables in interpersonal communication; sex and gender, race and ethnicity, age and social class, just to name a few. The variables in which were most present inShow MoreRelatedInterpersonal Communication On A Daily Base983 Words   |  4 PagesSociety sees interpersonal communication on a daily base. The question might be what is interpersonal communication, is there conflict, and where we experience it. Communication skills are developed to enhance or improve with the increased knowledge and practice. Today’s world with various forms of communication is ideal to have a superb interpersonal skill. Tough Interpersonal communication is an exchange of information between two or more people. Furthermore, the uncertainty theory comes fromRead MoreSocial Medi Bringing Us Together Or Tearing Us Apart?1099 Words   |  5 PagesSocial Media: Bringing Us Together or Tearing Us Apart? BUSN110 ESSAY Carried out by: Elena Sanchez- Migallon Paris ID: S00192032 Professor: Waleed Ibrahim 15/4/2015 The accessibility of the new information technology has led that social structures change, and with it the ways of relating to others. With this process of change has created what is known as virtual communities, Rheingold defined the virtual communities as a group of social aggregates which arises from internet when a groupRead MoreEssay on Interpersonal Communication1170 Words   |  5 PagesInterpersonal communication is the technique we use to communicate our ideas, thoughts and feelings to one and other. (Eunson 2012:256) People use visual, written, oral, sense and nonverbal means to communicate. Individuals have communicated with each other for centuries through the medium of letters, telephone, groups with public speaking and one to one conversations. With the introduction of mass media ideas could spread to larger audiences however the means of imparting information required highRead MoreDisadvantages And Disadvantages Of Social Media1536 Words   |  7 Pages Disadvantages of Social Media Jiacheng Liu EAP/VI/C Sarah Peterson April/15/2015  Abstract Social media is an inherent part of current Internet and used by more than a billion individuals worldwide. They provide opportunities to share ideas and interact with others, from old friends to strangers. In spite of the fact that social media has changed individuals’ lives with unnumbered benefits, many disadvantages, to users, are hidden under the superficial advantages, includingRead More The Anxiety/Uncertainty Management Theory Essay686 Words   |  3 Pagessuggest this theory can also be extended to interpersonal communication between two people from different cultures. Uncertainty refers to how well you can accurately predict how strangers will behave during their initial interaction and the ability to explain the strangers behavior. Research on uncertainty reduction theory has been limited to attitude similarity. However, it has been argued that in order to understand the influence of similarity on interpersonal relations, research must examine culturalRead MoreSocial Networking Sites On Today s Society1245 Words   |  5 PagesSOCIAL NETWORKING SITE FACEBOOK ON TODAY S SOCIETY Introduction With the increased connection and speed of internet connection, users of social media have increased exponentially in the recent past. Social networking sites are virtual groups which permit individuals to join and interface with one another on a specific subject or to simply hang out together online (Murray Waller, 2007). A set of persons where there is individual -to -individual connectivity make up social networks. FacebookRead MoreSocial Media And Interpersonal Relationships1225 Words   |  5 Pages Social Media and Interpersonal Relationships Samarise Jackson PHI 103: Informal Logic Prof. Larry Baker May 29, 2017 In the world we live in today, people have the opportunity to interact with one another due to the advancement in technology. For many years people relied on the traditional ways of communications, for example pay phones, send letters, a house phone, in person and they even used web cam’s. Presently, people rely on modern day methods of communication such as sending textRead MoreSocial Medi Who s There?1579 Words   |  7 PagesScott Hall Matt Wilson English 101 18 November 2016 Social Media: Who’s there? One of the wonder of the Internet today is the invention of social media. It allows people from all around the world to come together and share their experiences, their artwork, their lives, their struggles and their triumphs. But is that all we see? Of course not. Not all people share all the details of their lives on social media like Facebook. But what I mean is, is that the real person behind that key board or justRead MoreMy Interpersonal Communication Experiences With Mr. Joseph Hindinger781 Words   |  4 PagesMy Interpersonal Communication Experiences with Mr. Joseph Hindinger 1. I am writing about my interpersonal communication experiences with Mr. Joseph Hindinger. 2. The reasons why I chose Lew is that we have very different communication approaches as Collectivism vs. Individualism, Styles of Communication. 3. In China, we emphasize on building a strong social network. We call it â€Å"guanxi† in Chinese or â€Å"relationship/network† if translated. For example, it is common in the corporate world by socializingRead MoreDefinition of Mass Media1699 Words   |  7 Pagesmass media can be defined. Breaking down the concept of a ‘mass media’ into its constituent parts... A medium is a ‘channel of communication’ - a means through which people send and receive information. The printed word, for example, is a medium; when we read a newspaper or magazine, something is communicated to us in some way. Similarly, electronic forms of communication television, telephones, film and such like - are media (the plural of medium). Mass, as you probably realise, means ‘many’ and

The Battle of Hong Kong in World War II

The Battle of Hong Kong was fought December 8 to 25, 1941, during World War II (1939-1945). One of the opening battles of the conflict in the Pacific, Japanese troops commenced their attack on the British colony the same morning as their attack on the US Pacific Fleet at Pearl Harbor. Though badly outnumbered, the British garrison mounted a tenacious defense but were soon forced from the mainland. Pursued by the Japanese, the defenders were ultimately overwhelmed. Overall, the garrison succeeded in holding out for over two weeks before finally surrendering. Hong Kong remained under Japanese control until the end of the war. Background As the Second Sino-Japanese War raged between China and Japan during the late 1930s, Great Britain was forced to examine its plans for the defense of Hong Kong. In studying the situation, it was quickly found that the colony would be difficult to hold in the face of a determined Japanese attack. Despite this conclusion, work continued on a new defensive line extending from Gin Drinkers Bay to Port Shelter. Begun in 1936, this set of fortifications was modeled on the French Maginot Line and took two years to complete. Centered on the Shin Mun Redoubt, the line was a system of strong points connected by paths. In 1940, with World War II consuming Europe, the government in London began reducing the size of the Hong Kong garrison to free troops for use elsewhere. Following his appointment as Commander-in-Chief of the British Far East Command, Air Chief Marshal Sir Robert Brooke-Popham requested reinforcements for Hong Kong as he believed even a marginal increase in the garrison could significantly slow down the Japanese in the case of war. Though not believing that the colony could be held indefinitely, a protracted defense would buy time for the British elsewhere in the Pacific. Final Preparations In 1941, Prime Minister Winston Churchill agreed to dispatch reinforcements to the Far East. In doing so, he accepted an offer from Canada to send two battalions and a brigade headquarters to Hong Kong. Dubbed C-Force, the Canadians arrived in September 1941, though they lacked some of their heavy equipment. Joining Major General Christopher Maltbys garrison, the Canadians prepared for battle as relations with Japan began to falter. Having taken the area around Canton in 1938, Japanese forces were well positioned for an invasion. Preparations for the attack began that fall with troops moving into position. Battle of Hong Kong Conflict: World War IIDates: December 8-25, 1941Armies Commanders:BritishGovernor Sir Mark Aitchison YoungMajor General Christopher Maltby14,564 menJapaneseLieutenant General Takashi Sakai52,000 menCasualties:British: 2,113 killed or missing, 2,300 wounded, 10,000 capturedJapanese: 1,996 killed, around 6,000 wounded Fighting Begins Around 8:00 AM on December 8, Japanese forces under Lieutenant General Takashi Sakai began their attack on Hong Kong. Commencing less than eight hours after the attack on Pearl Harbor, the Japanese quickly gained air superiority over Hong Kong when they destroyed the garrisons few aircraft. Badly outnumbered, Maltby elected not to defend the Sham Chun River line at the colonys border and instead deployed three battalions to the Gin Drinkers Line. Lacking sufficient men to fully man the lines defenses, the defenders were driven back on December 10 when the Japanese overran the Shing Mun Redoubt. Retreat to Defeat The rapid breakthrough surprised Sakai as his planners anticipating needing a month to penetrate the British defenses. Falling back, Maltby began evacuating his troops from Kowloon to Hong Kong Island on December 11. Destroying harbor and military facilities as they departed, the final Commonwealth troops left the mainland on December 13. Japanese forces attack the Tsim Sha Tsui Station in Hong Kong. Public Domain For the defense of Hong Kong Island, Maltby re-organized his men into Eastern and Western Brigades. On December 13, Sakai demanded that the British surrender. This was promptly refused and two days later the Japanese began shelling the islands northern shore. Another surrender demand was rejected on December 17. The next day, Sakai began landing troops on the islands northeastern coast near Tai Koo. Pushing back the defenders, they were later guilty of killing prisoners of war at Sai Wan Battery and Salesian Mission. Driving west and south, the Japanese met heavy resistance over the next two days. On December 20 they succeeded in reaching the south coast of the island effectively splitting the defenders in two. While part of Maltbys command continued the fight on the western part of the island, the remainder was hemmed in on the Stanley Peninsula. On Christmas morning, Japanese forces captured the British field hospital at St. Stephens College where they tortured and killed several prisoners. Later that day with his lines collapsing and lacking critical resources, Maltby advised Governor Sir Mark Aitchison Young that the colony should be surrendered. Having held out for seventeen days, Aitchison approached the Japanese and formally surrendered at the Peninsula Hotel Hong Kong. Major General Christopher Maltby meets with the Japanese to surrender Hong Kong, December 25, 1941. Public Domain Aftermath Subsequently known as Black Christmas, the surrender of Hong Kong cost the British around 10,000 captured as well as 2,113 killed/missing and 2,300 wounded during the battle. Japanese casualties in the fighting numbered 1,996 killed and around 6,000 wounded. Taking possession of the colony, the Japanese would occupy Hong Kong for the remainder of the war. During this time, the Japanese occupiers terrorized the local population. In the wake of the victory at Hong Kong, Japanese forces embarked on a string of victories in Southeast Asia which culminated with the capture of Singapore on February 15, 1942.​

Deaf The Deaf Community - 1351 Words

There is a Deaf community within nearly every community in America. Spanning across the country, this community overlaps with many other minority groups. There is a Deaf community within nearly every minority group not only in America, but worldwide. According to DeafQueer.org, the Deaf LGBT community is a community is a minority within a minority, making up ten percent of the Deaf community, or 2.8 million people. Although they span many races, classes, and sexualities, Deaf LGBT people tend to identify as Deaf first and foremost. With this diversity however, come ignorance, discrimination, prejudice, and hate. Deaf LGBT people face discrimination based on their ability to hear, their sexuality, sexual identity, race, and class. This†¦show more content†¦Both oralism and reparative therapy are damaging in teaching that being different is something to be ashamed of, invoking guilt to create a sense of shame in difference. Another similarity both Deaf and LGBT share is acts of resistance that make their communities known nationwide. For Deaf people, Deaf President Now was a major event in their quest for civil rights, while for the LGBT community; the Stonewall Uprising was the turning point that would launch their journey towards equality. While both communities have their own unique struggles and issues, there is an overlap in the communities made up of people that are both Deaf and LGBT identifying. Like many other minorities in the Deaf community, Deaf LGBT individuals have their own smaller subset within the larger Deaf community. As members of this community, Deaf LGBT people face their own struggles that come as a result of being both Deaf and LGBT. While the Deaf community tends to be very accepting, homophobia towards fellow Deaf people still remains an issue. From a historical standpoint, the Deaf community has a tendency to be more conservative, leading to prejudice. (Gianoulis) In the past, degrading signs have been used for LGBT individuals, such as using a sign that indicates the word fairy to describe gay men. (Gianoulis) Many Deaf LGBT people also hesitate to come out for fear of rejection from their community. (Luczak 64) When a Deaf person does come out, they find that it is nearly impossibleShow MoreRelatedDeaf : The Deaf Community1299 Words   |  6 Pages The Deaf Community All around us there is sound, whether it takes the form of birds chirping, people talking, or dogs barking. Every day we wake up to an abundance of sound. Hearing is a part of our senses and what if that was taken from us, or we were born without it? There are many people who have never had the luxury of hearing the sound of music or the voices of their loved ones. It easy to think that having a deaf child or losing your hearing is a tragedyRead MoreDeaf : The Deaf Community787 Words   |  4 PagesDeaf Athletics The deaf community is proud of their many accomplishments, and their athletes are not an exception. For many people hearing and deaf sports are a way to relieve stress and express inner emotions. The deaf community offers various amounts of sports for deaf. For deaf adults there are the Deaflympics, USADB basketball, and USA Deaf sport federation. The Deaflympics is a way for deaf athletes to compete on the same level as hearing athletes. Deaflympics started originally as the InternationalRead MoreThe For The Deaf Community849 Words   |  4 Pageseven born different. Our society narrowed scope views Deaf people as less, uneducated, and unworthy for the opportunities abled people are innately handed. There is a lack of opportunities that Deaf people received based on their disability in terms of jobs and acceptance. The feeling of acceptance is one thing the hearing community has felt at least once, if not their entire life, however it is a feeling that may be unknown to the Deaf community. Hearing is something people take for granted becauseRead MoreThe Deaf Community and Deaf Culture Essay1199 Words   |  5 PagesFrom antiquity, being deaf was looked upon as an undesirable and a culture which was disconnected with the rest of mainstream society. Often members of the community found themselves ostracized by members of other cultures, who viewed them with suspicion, and were thought to be possessed, or in communion, with undesirable â€Å"spirits†, particularly during the advent of the Christianity that was in practice during the Middle Ages. During this period, before the advent of Gutenberg’s metal, movableRead MoreDeaf Community Definition of d/Deaf 1823 Words   |  8 PagesThe phrases deaf-mute, deaf and dumb are outdated and no longer acceptable. The majority of deaf individuals have the ability to speak, but choose not to use their voices. It is difficult for them to learn speech when they cannot hear sound, and they simply feel uncomfortable speaking. When we define deaf, the parameters of the definition should be determined. The audiological definition can be used -- that is, one that focuses on the cause and severity of the hearing loss and whether or not hearingRead MoreThe Community Of The Deaf935 Words   |  4 Pagesproposal it is necessary to clarify what it is meant by Deaf. For the sake of this proposal Deaf will refer to individuals who cannot hear at all or are hard of hearing to the point it is necessary to use sign language to communicate Selecting a Sample The unit of analysis for the purposed study are Deaf individuals that are currently incarcerated at prisons located in the areas of the United States that have the greatest population of the Deaf. The prisons chosen are Rochester Correctional FacilityRead MoreBlack Deaf Community1051 Words   |  5 PagesAbstract The Black Deaf Community seems silly to believe the existence of itself, but in reality based on surveys and observations, it seems rather smart. Going through the supplemental reading, I have noticed the Black Deaf community consists of strong and proud members of both, overcoming many issues thrown at them. This paper will discuss the issues and show how amazing the community really is. To be a part of two different cultures at the same time seems almostRead MoreThe Community Of The Deaf1147 Words   |  5 Pagesproposal it is necessary to clarify what it is meant by Deaf. For the sake of this proposal Deaf will refer to individuals who cannot hear at all or are hard of hearing to the point it is necessary to use sign language to communicate Selecting a Sample The unit of analysis for the proposed study are Deaf individuals that are currently incarcerated in prisons located in the areas of the United States that have the greatest population of the Deaf. The prisons chosen are Rochester Correctional FacilityRead MoreBlack Deaf Community601 Words   |  2 PagesPrevious researches on Deaf cultures were mostly on superficial issues such as the typical cultural differences between the deaf and the hearing communities, the history of Deaf education, the distinctions of the deaf from the Deaf, and the critical points in the fight against discrimination. Sociolinguistics of sign languages also has its typical subjects such as Martha’s Vineyard, justification that American Sign Language is a true language, and the spectrum from Signed Exact English to AmericanRead MoreThe Deaf Community and Its Culture1545 Words   |  7 Pagesminor, I was not sure what to expect. Through my brief introduction of Deaf culture during my first sign langua ge courses, I knew some vague details about historical events. Gallaudet had been mentioned several times within not only my workbook, but also by my professor. I could have given you a short synopsis of the oral movement that threatened to wipe ASL out as a language. Though I knew these facts, and a few traits about Deaf culture that I had experienced firsthand, there was so much that I

IMF And The Foreign Exchange Market Samples †MyAssignmenthelp.com

Question: Discuss about the IMF And The Foreign Exchange Market. Answer: Introduction The assignment highlights on the association between the foreign exchange, the International Monetary Fund (IMF) and the international economic environment. The IMF and the foreign exchange market are inextricably connected to each other in the global market. This study also explains about IMF and the foreign exchange market impact international economic environment. The Foreign Exchange, the IMF and the International Economic Environment The IMF is the organization of total 189 nations that work towards fostering monetary corporation, facilitating international trade, securing financial stability, promoting higher employment, reducing poverty and improving economic growth. The main objective of IMF is to assure stability in foreign monetary system, which consists of foreign exchange rate system and the international payment. This in turn enables the nations to tackle transaction between one another. One of the related concepts to IMF is the foreign exchange market (FOREX) that aims to oversee as well as manage trading of foreign exchange of some of the major currencies (Hodrick, 2014) . Under the FOREX, the nations monetary policy becomes no longer dependent on value of currencies of other nations but becomes dependent on both demand and supply of currencies. The IMF also affects the international economic environment as they advises several member nations on financial as well as economic policies that decreases vulnerability to crisis, motivates sustained growth as well as higher standard of living and promotes international economic stability (The IMF and the Environment., 2018). Besides this, this institution also monitors international economic trends as well as developments that impact the performance of international monetary as well as financial system. In addition to this, they also provide these countries technical assistance in order to help them strengthen institutional capacity and also give availability of resources to them. Furthermore, they helps in balanced growth as well as expansion of international trade and also contribute to promotion of increased employment level and real income of the nation (The IMF at a Glance., 2018). Apart from this, IMF also helps the nations adopt sound policies through their vital functions o f surveillance and lending. However, the IMF has also supported the policy reforms including price, foreign exchange rate, taxes and subsidies, which in turn tends to promote more utilization of resources and thus discouraged waste. This in turn benefits the international economic environment and thereby stabilizes the global economy. IMF periodically reviews the economic policies of the member nations including their system of exchange rate. The IMF operations also help these countries to counter volatility in market. Moreover, they also criticize unrelenting intervention, which in turn prevents the foreign exchange rate to adjust for reducing imbalances in trade as well as payments. Conclusion From the above study, it can be concluded that IMF plays huge role in the foreign exchange market and international economic environment. The three main operations of IMF are- surveillance, capacity development and financial assistance. These operations help to stabilize foreign exchange and enhance the growth of global economy. References Hodrick, R. (2014).The empirical evidence on the efficiency of forward and futures foreign exchange markets(Vol. 24). Routledge. Oatley, T. (2015).International political economy. Routledge. The IMF and the Environment. (2018).Imf.org. Retrieved 24 March 2018, from https://www.imf.org/external/pubs/ft/exrp/environ/ The IMF at a Glance. (2018).IMF. Retrieved 24 March 2018, from https://www.imf.org/en/About/Factsheets/IMF-at-a-Glance