Wednesday, May 6, 2020
Symptoms And Treatment Of Diabetes Mellitus Type 1
TERMINOLOGY CLINICAL CLARIFICATION â⬠¢ A metabolic disease characterized by hyperglycemia resulting from decreased insulin secretion and insulin receptor sensitivity. Chronic hyperglycemia of diabetes leads to microvascular and macrovascular complications 1 CLASSIFICATION 1 â⬠¢ Diabetes mellitus type 2 ââ"â¹ Accounts for 90-95% of cases of diabetes ââ"â¹ Less common types of diabetes include: diabetes mellitus type 1, gestational diabetes, diabetes due to genetic defects, drug-induced diabetes, endocrinopathy based diabetes, exocrine pancreas based diabetes DIAGNOSIS CLINICAL PRESENTATION â⬠¢ History 1, 14 ââ"â¹ May be asymptomatic despite pathological and functional changes in target tissue; most cases are diagnosed through routine screening orâ⬠¦show more contentâ⬠¦metabolic syndrome, non-alcoholic steatohepatitis) ââ¬â Sleep disorders (obstructive sleep apnea, chronic sleep deprivation, night shift work) in conjunction with glucose intolerance DIAGNOSTIC PROCEDURES â⬠¢ Primary diagnostic tools 1 ââ"â¹ Diagnosis is confirmed with one of the below tests in combination with clinical evidence of diabetes OR one of the below tests repeated or in combination with a second test ââ¬â Fasting plasma glucose OR ââ¬â Oral glucose tolerance test OR ââ¬â Hemoglobin A1c ââ"â¹ If patient is exhibits classic signs and symptoms of hyperglycemia (polyuria, polydipsia, polyphagia, unexplained weight loss, weakness, blurred vision), a
Tuesday, May 5, 2020
Homeschooling Essay Example For Students
Homeschooling Essay Before the beginning of American public schools in the mid-19th century, home schooling was the norm. Founding father John Adams encouraged his spouse to educate their children while he was on diplomatic missions (Clark, 1994). By the 1840s instruction books for the home were becoming popular in the United States and Britain. The difficulty of traveling to the system of community schools was provoking detractors. At this time, most of the country began moving toward public schools (Clark, 1994). One of the first things early pioneers did was set aside a plot of land to build a school house and try to recruit the most educated resident to be the schoolmarm. This led to recruiting of graduates Eastern Seaboard colleges to further the education oftheir children beyond what they could do at home (Clark, 1994). As the popularity of the public school movement began to rise behind Horace Mann many states soon passed compulsory-education laws. These were designed primarily to prevent farmers , miners, and other parents form keeping their kids home to work (Clark, 1994). Ironically another factor behind public schools was the desire to use them to spread Christian morality, with its concern for the larger good over individualism (Clark, 1994). Massachusetts enacted the first such laws in 1852 requiring children ages 8-14 to be at school at least 12 weeks a year unless they were too poor. The laws proved to be effective, from 1870-1898 the number of children enrolling in the public schools outpaced the population growth. The laws proved to be effective, from 1870-1898 the number of children enrolling in the public schools outpaced the population growth. Except for certain religious sects and correspondence schools home schooling remained limited for most of the 20th century. During the 1960s the hippie counterculture exploded into the scene. This culture led a revolt against the education establishment. Thousands of young Americans began dropping out of society and going back to the land to live on communes that generated the modern home schooling movement. Twenty years ago, many states did not allow home schooling. Constitutional protection has always been uncertain. The U.S. Supreme Court has never explicitly ruled on home schooling. Although in 1972, in Wisconsin v. Yoder, the Court did restrict compulsory school requirements in a limited ruling involving the right of Amish students not to attend high school (Lines, 1996). In Wisconsin v. Yoder, the Amish parents claimed that high school attendance was destructive to their childrens religious beliefs and would interfere with their pursuit of the Amish way of life (Fisher, Schimmel, and Kelley, 1995). Since this ruling there have been many court cases dealing with the issue of home schooling. All 50 states allow home schooling ad 34 states have enacted specific home schooling statutes or regulations (Clark, 1994). What drives many home-schoolers are the well-documented social troubles and the declining test scores in the public schools. In 1991, the total number of children being home schooled was between 248,500 and 353,500. Many public educators feel that children who are home schooled are missing out on key learning situations that come from the public school. For instance the sciene experiments, these would be very costly to duplicate at home. Also they argue that home school children miss out on the social aspect of school. Very often they are not around many children their age and socialization does not take place. As the home schooling movement has become more widespread, state and local officials have responded with more vigorous enforcement of their compulsory education laws. As a result of this there is more litigation and new regulations. As both parents and school officials evidence increasing inflexibility, the statues play a central role in the battle over the education of the child. A secondary role is played by the courts which, in resolving the disputes between parents and the schools, must interpret and test the statutes (Chiusano 1996). Parents who are being prosecuted for instructing their children at home are attacking compulsory school attendance statues on constitutional grounds. Although no case dealing specifically with home instruction has yet reached the Supreme Court, the increased activism of the home school movement may produce a ruling in the near future (Lines, 1996). Constitutional challenges have been based on the First or Fourteenth Amendment. In many of the home instruction cases parents have .
Friday, April 3, 2020
Applying Models of Health Promotion to Improve Effectiveness of Pharmacist-Led Campaign in Reducing Obesity in Socioeconomically Deprived Areas The WritePass Journal
Applying Models of Health Promotion to Improve Effectiveness of Pharmacist-Led Campaign in Reducing Obesity in Socioeconomically Deprived Areas Abstract Applying Models of Health Promotion to Improve Effectiveness of Pharmacist-Led Campaign in Reducing Obesity in Socioeconomically Deprived Areas ). The multi-factorial nature of obesity suggests that management of this condition should also take a holistic approach and should not only be limited to health promotion models designed to promote individual health. Hence, identifying different models appropriate for communities would also be necessary to address obesity amongst socio-economically deprived families. One of models that also address factors present in the community or environment of the individual is the ecological approaches model (Goodson, 2009). Family, workplace, community, economics, beliefs and traditions and the social and physical environments all influence the health of an individual (Naidoo and Wills, 2009). The levels of influence in the ecological approaches model are described as intrapersonal, interpersonal, institutional, community and public policy. Addressing obesity amongst socio-economically deprived individuals through the ecological approaches model will ensure that each level of influence is recogn ised and addressed. Pharmacist-led Campaigns in Reducing Obesity The health belief, stages of change and the ecological approaches models can all be used to underpin pharmacist-led campaigns in reducing obesity for communities that are socio-economically deprived. Blenkinsopp et al. (2003) state that community pharmacists have a pivotal role in articulating the needs of individuals with specific health conditions in their communities. Pharmacists can lobby at local and national levels and act as supporters of local groups who work for health improvement. However, the work of the pharmacists can also be influenced by their own beliefs, perceptions and practices. Blenkinsopp et al. (2003) emphasise that when working in communities with deprived individuals, the pharmacists should also consider how their own socioeconomic status influence the type of care they provide to the service users. They should also consider whether differences in socio-economic status have an impact on the care received the patients. There should also be a consideration if th ere are differences in the culture, educational level and vocabulary of service users and pharmacists. Differences might influence the quality of care received by the patients; for instance, differences in culture could easily lead to miscommunication and poor quality of care (Taylor et al., 2004). Bond (2000) expresses the need for pharmacists to examine the needs of each service user and how they can empower individuals to seek for healthcare services and meet their own needs. In community settings, it is essential to increase the self-efficacy of service users. Self-efficacy is described as the belief of an individual that they are capable of attaining specific goals through modifying their behaviour and adopting specific behaviours (Lubkin and Larsen, 2011). In relation to addressing obesity amongst socio-economically deprived individuals, pharmacists can use the different models to help individuals identify their needs and allow them to gain self-efficacy. For example, pharmacists can use the health belief model to educate individuals on the consequences of obesity. On the other hand, the stages of change model can be utilised to help individuals changed their eating behaviour and improve their physical activities. Uptake of behaviours such as healthy eating and increasing physical activities are not always optimal despite concerted efforts of communities and policymakers (Reilly et al., 2006). It is suggested that changing oneââ¬â¢s behaviour require holistic and multifaceted interventions aimed at increasing self-efficacy of families and allowing them to take positive actions (Naidoo and Wills, 2009). There is evidence (Tucker et al., 2006; Barkin et al., 2012; Davison et al., 2013; Zhou et al., 2014) that multifaceted community-based interventions aimed at families are more likely to improve behaviour and reduce incidence of obesity than single interventions. Community-based interventions can be supported with the ecological approaches model. This model recognises that oneââ¬â¢s family, community, the environment, policies and other environment-related factors influence the health of the individuals. To date, the Department of Health (2010) through its Healthy Lives, Healthy People pol icy reiterates the importance of maintaining an active and healthy lifestyle to prevent obesity. This policy allows local communities to take responsibility and be accountable for the health of its community members. Pharmacists are not only limited to dispensing advice on medications for obesity but to also facilitate a healthier lifestyle. This could be done through collaboration with other healthcare professionals in the community (Goodson, 2009). A multidisciplinary approach to health has been suggested to be effective in promoting positive health outcomes of service users (Zhou et al., 2014). As discussed in this essay, pharmacists can facilitate the access of service users to activities and programmes designed to prevent obesity amongst members in the community. Finally, pharmacists have integral roles in health promotion and are not limited to dispensing medications or provide counselling on pharmacologic therapies. Their roles have expanded to include providing patients with holistic interventions and facilitating uptake of health and social care services designed to manage and prevent obesity in socio-economically deprived individuals. Conclusion In conclusion, pharmacists can use the different health promotion models to address obesity amongst individuals with lower socioeconomic status. The use of these models will help pharmacists provide holistic interventions to this group and address their individual needs. The different health promotion models discussed in this essay shows that it is crucial to allow service users gain self-efficacy. This will empower them to take positive actions regarding their health. Finally, it is suggested that a multi-faceted, community based intervention will likely lead to a successful campaign against obesity. References Adams, J., Tyrrell, R., Adamson, A. White, M. (2012). Socio-economic differences in exposure to television food advertisements in the UK: a cross-sectional study of advertisements broadcast in one television region. Public Health Nutrition, 15(3), 487-494. Barkin, S., Gesell, S., Poe, E., Escarfuller, J. Tempesti, T. (2012). Culturally tailored, family-centred, behavioural obesity intervention for Latino-American Preschool-aged children. Pediatrics, 130(3), 445-456. Blenkisopp, A., Panton, R. Anderson, C. (2000). Health Promotion for Pharmacists, 2nd ed. Oxford: Oxford University Press. Blenkisopp, A., Andersen, C. Panton, R. (2003). Promoting Health.à In: K. Taylor G. Harding (Eds.), Pharmacy Practice (pp. 135-147). London: CRC Press. Bond, C. (2000). An introduction to pharmacy practice. In: C. Bond (ed.), Evidence-based pharmacy (pp. 1-21). London: Pharmaceutical Press. Davison, K., Jurkowski, J., Li, K., Kranz, S. Lawson, H. ((2013). A childhood obesity intervention developed by families for families: results from a pilot study. International Journal of Behavioral Nutrition and Physical Activity, 10(3). Retrieved November 21, 2014 from ijbnpa.org/content/10/1/ De Silva-Sanigorski, A. (2011). Obesity prevention in the family day care setting: impact of the Romp Chomp intervention on opportunities for childrenââ¬â¢s physical activity and healthy eating. Child Care, Health and Development, 37(3), 385-393. Department of Health (2009). Change4Life. London: Department of Health. Department of Health (2010). Healthy Lives, Healthy People. London: Department of Health. Department of Health (2011). The Eatwell Plate. London: Department of Health. Goodson, P. (2009). Theory in health promotion research and practice: Thinking outside the box. London: Jones Bartlett Learning. Jones, S., Mannino, N. Green, J. (2010). Like me, want me, buy me, eat meââ¬â¢: relationship-building marketing communications in childrenââ¬â¢s magazines. Public Health and Nutrition, 13(12), 2111-2118. Lubkin, I. Larsen, P. (2011). Chronic illness: impact and intervention. London: Jones Bartlett Publishers. Levin, B., Hurd, P. Hanson, A. (2008). Introduction to public health in pharmacy. London: Jones Bartlett Publishers. Naidoo, J. Wills, J. (2009) Foundations for health promotion. London: Elsevier Health Sciences. Public Health England (2014). Trends in Obesity Prevalence. Retrieved November 21, 2014 from noo.org.uk/NOO_about_obesity/trends Reilly, J., Montgomery, C., Williamson, A., Fisher, A., McColl, J., Lo Conte, R., Pathon, J. Grant, S. (2006). Physical activity to prevent obesity in young children: cluster randomised controlled trial. British Medical Journal, doi: 10.1136/bmj.38979.623773.55 Retrieved November 21, 2014 from bmj.com/content/333/7577/1041.full.pdf+html Taylor, K., Nettleton, S. Harding, G. (2004). Sociology for pharmacists: An introduction. London: CRC Press. Tucker, P., Irwin, J., Sangster Bouck, L., He, M. Pollett, G. (2006). Preventing paediatric obesity; recommendations from a community-based qualitative investigation. Obesity Review, 7(3), 251-260. Zhou, Z., Ren, H., Yin, Z., Wang, L. Wang, K. (2014). A policy-driven multifaceted approach for the early childhood physical fitness promotion: impacts on body composition and physical fitness in young Chinese children. BMC Pediatrics, 14: 118 Retrieved November 21, 2014 from ncbi.nlm.nih.gov/pubmed/24886119
Sunday, March 8, 2020
The Pros and Cons of Ethanol Fuel
The Pros and Cons of Ethanol Fuel Ethanol is a relatively low-cost alternative fuelà that boasts less pollution and more availability compared to unblended gasoline, but there are a number of benefits and drawbacks to this newer form of fuel. For environmental purposes, ethanol is less harmful than unblended gasoline. Carbon monoxide production from ethanol fuel is significantly lower than that of gasoline engines, and ethanol is easier to source since it comes from processed corn. This means it also helps farms and manufacturing economies. The disadvantages of ethanol and other biofuels include the use of farmland for industrial corn and soy growth, rather than for food crops. Also, biofuels arent meant for all vehicles, especially older vehicles. There is some resistance from the automotive industry when it comes to adding biofuels to the market. However, many automakers are adapting to low-emissions vehicle standards which require vehicles to use ethanol blends rather than unblended gasoline. Ethanol Benefits for the Environment and Economy Overall, ethanol is considered to be better for the environment than gasoline. Ethanol-fueled vehicles produce lowerà carbon dioxide emissions,à and the same or lower levels of hydrocarbon and oxides of nitrogen emissions. E85, a blend of 85 percent ethanol and 15 percent gasoline, also has fewer volatile components than gasoline, which means fewer gas emissions from evaporation. Adding ethanol to gasoline in lower percentages, such as 10 percent ethanol and 90 percent gasoline (E10), reduces carbon monoxide emissions from the gasoline and improves fuel octane. Flexible fuel vehicles that can use E85 are widely available and come in many different styles from most major auto manufacturers. E85 is also widely available at a growing number of gas stations throughout the United States. Flexible fuel vehicles have the advantage of being able to use E85, gasoline, or a combination of the two, giving drivers the flexibility to choose the fuel that is most readily available and best suited to their needs. Because ethanol is mostly a product of processed corn, ethanol production supports farmers and creates domestic jobs. And because ethanol is produced domestically, from domestically-grown crops, it reduces U.S. dependence on foreign oil and increases the nationââ¬â¢s energy independence. Being able to grow ethanol-producing crops reduces the pressure to drill in environmentally-sensitive places, such as the north slope of Alaska, the Arctic Ocean, and the Gulf of Mexico. It can replace the necessity for environmentally-sensitive shale oil, like that coming from the Bakken Shale,à and reduces the need for the construction of new pipelines like the Dakota Access Pipeline. The Drawbacks of Ethanol Ethanol and other biofuels are often promoted as clean, low-cost alternatives to gasoline, but the production and use of ethanol are not all positive. The major debate about corn and soy-based biofuels is the amount of land it takes away from food production. Also, industrial corn and soy farming are harmful to the environment in a different way. Growing corn for ethanol involves large amounts of synthetic fertilizer and herbicide. Corn production, in general, is a frequent source of nutrient and sediment pollution. Also, the typical practices of industrial corn farmers, versus commercial and local food farmers, are considered more environmentally hazardous in general. The challenge of growing enough crops to meet the demands of ethanol and biodiesel production is significant and, some say, insurmountable. According to some authorities, producingà enough biofuelsà to enable their widespread adoption could mean converting most of the worldââ¬â¢s remaining forests and open spaces to farmland - a sacrifice few people would be willing to make. ââ¬Å"Replacing only five percent of the nationââ¬â¢s dieselà consumption with biodieselà would require diverting approximately 60 percent of todayââ¬â¢s soy crops toà biodiesel production,â⬠says Matthew Brown, an energy consultant and former energy program director at the National Conference of State Legislatures. In a 2005 study, Cornell University researcher David Pimental factored in the energy needed to grow crops and convert them to biofuels and concluded that producing ethanol from corn required 29 percent more energy than ethanol is capable of generating. Sources: EarthTalk staff. The Pros and Cons of Biofuels. James T. Ehler, February 2007. Susan S. Lang. Cornell ecologists study finds that producing ethanol and biodiesel from corn and other crops is not worth the energy. Cornell Chronicle, July 5, 2005, Ithaca NY.
Friday, February 21, 2020
Influenza Pandemic Essay Example | Topics and Well Written Essays - 1000 words
Influenza Pandemic - Essay Example The research explained how the next influenza pandemic may arise and its possible outcome. This paper also discussed the history of Influenza happened in the year 1918, 1957, and 1968. Moreover this research used pictures and tables for effective illustrations of significant information. An influenza pandemic is a universal outbreak of flu disease that takes place when a new type of influenza virus appears that people have not been exposed to before (Kilbourne ED. 1975). According to Kilbourne ED. (1975) that pandemic flu is a worldwide outbreak of disease that takes place as soon as a new influenza virus appears in humans, causes serious illness and then spreads effortlessly from person to person worldwide. There are three types of influenza. Influenza A, B and C viruses are known to cause disease in humans. While influenza B and C viruses are strictly human pathogens, influenza Type A viruses are readily isolated from avian species, pigs and other animals. Influenza Type A viruses are divided into subtypes based on differences in the surface glycoprotein antigens, hem agglutinin (HA) and neuraminidase (NA). There are 14 known HA subtypes and 9 known NA subtypes. All of these subtypes have been isolated in birds but only 3 different HA and two different NA subtypes have been isolated in humans (See table bellow) The influenza viruses are only one of its kinds amongst the respiratory viruses in that they undergo major antigenic variation (Stuart-Harris C. 1979). Antigenic drift entails minor antigen changes from one season to the next and may result in epidemic spread of the new strain. Antigenic shift entails major antigenic changes of the HA and NA molecules and happens merely with Influenza A viruses. These changes can result in the appearance of pandemic viruses. In accordance with Stuart-Harris C. (1979) three worldwide outbreaks of influenza occurred in the 20th century: in 1918, 1957, and 1968. Of these, the 1918 Spanish Flu was the most severe, with 50 million or more deaths worldwide. The last 2 were in the era of modern virology and most thoroughly characterized. All 3 have been unofficially identified by the presumed sites of origin as Spanish, Asian, and Hong Kong influenza, respectively. According to Stuart-Harris C. (1979) they are now identified to represent 3 various antigenic subtypes of influenza Type A virus: H1N1, H2N2, and H3N2, respectively. Not classified as true pandemics are 3 prominent epidemics: a pseudo pandemic in 1947 with low death rates, an epidemic in 1977 that was a pandemic in children, and an abortive epidemic of swine influenza in 1976 that was feared to have pandemic potential. Major influenza epidemics show no predictable periodicity or pattern, and all differ from one another. Evidence implies that true pan demics with changes in hem agglutinin subtypes take place from genetic reassortment with animal influenza Type A viruses. No one can foresee when a pandemic might take place, but public health experts think it is only a matter of time before the next one arises. Experts all over the world are watching the H5N1 avian flu condition in Asia very severely and are preparing for the probability that the virus may start to spread more easily and broadly from person to person. If this happens, the next
Wednesday, February 5, 2020
Napoleon Essay Example | Topics and Well Written Essays - 2000 words - 1
Napoleon - Essay Example kled was huge, and Napoleon Bonaparte was very effective in shadowing the revolutions ideologies for the leading segment of his calling while also mounting to immense supremacy himself. As Bonaparte Napoleons supremacy within France and then into Europe augmented, Napoleon started to deviate from the French revolutionary principles and created establishments identical to those the French revolutionaries had tried to abolish. Napoleon, as a freebooter, changed his principles from radical to reactionary to reformist reliant upon what befitted him at that moment. This paper will attempt to show the extent to which Napoleonââ¬â¢s domestic policies were based on the 1789 French Revoltââ¬â¢s principles. The 1789 French revolution changed the direction of French as well as much of Europeââ¬â¢s history, the ancient feudal organism was obliterated and the organization of the Frenchââ¬â¢s society was profoundly altered rendering to the ideologies of equality, fraternity and liberty. Privilege was split as the basis of society; the ruling class was not excused from tax system. In addition, the countryââ¬â¢s populace practically demolished feudalism. Previously excepted people were engaged in political affairs for the very first instance, the voting public was stretched out, and the lawful code was transformed. Many complaints held by labor force as well as the bourgeoisieââ¬Ës followers were resolved, and hope was restored amid the radicals that lasting transformation could be created for the social system of France and Europe too (Lyons 34). In the period from 1789 to 1799, numerous attempts were formulated to institute a constitution, which would put in the principles of the radicals. Constitutional empire from 1789 to 1791 collapsed because of differences amid Louis XVI and the radicals concerning the Church that came under attack owing to its previous exclusion from duty, as well as counter-revolutionaries who presented a major threat to the revolt (Stiles 104). The dangerous
Monday, January 27, 2020
Evolution Of The Bric Countries And Their Future Economics Essay
Evolution Of The Bric Countries And Their Future Economics Essay Q1) Map the proposed sequence of evolution of the economy of the BRICS. What indicators might companies monitor to guide their investment and organize their local market operations? In 2001 the Goldman Sachs global economic team in their paper Dreaming with BRICs: The Path to 2050 developed the BRIC theory that groups together the economies of Brazil, Russia, India and China (BRICs). These countries look set to become the dominant economies by 2050. The BRICS have experienced a lot of changes in their economies. Around the middle of the 20th century China witnessed its communist revolution, India became independent, Brazil was controlled by the military for 21 years and Russia came out of the Second World War as a major rival to the US. This was just the starting point for the BRIC economies. Brazil During the financial crisis, Brazil remained very strong and its early recovery, including 2010 growth of 7.5%, has contributed to the countrys transition from a regional to a global power. (www.traveldocs.com) The economy is the worlds eighth-largest and is expected to rise to fifth within the next several years. Brazil is classified as an upper-middle-income country with a GDP (Gross Domestic Product) of à ¢Ã¢â¬Å¡Ã ¬973 billion. During the administration of former President Lula, surging exports, economic growth and social programs helped lift tens of millions of Brazilians out of poverty. For the first time, a majority of Brazilians are now middle-class, and domestic consumption has become an important driver of Brazilian growth. The economy of Brazil is characterised by large well developed agricultural, mining, manufacturing sectors and service sectors. The services sector takes the biggest share of their economy (66% of GDP), supplying services for the domestic economy mainly. Brazil has enjoyed sustained economic growth since the year 2004, which has increased the rate of employment and real wages. After an economic growth in 2007 and 2008, the global financial crisis finally hit Brazil however Brazil was one of the first emerging markets to stage a recovery, with GDP growth returning to positive levels. Brazil is becoming a global power like the other BRIC nations. There are a number of reasons for this. Brazil is involved in major manufacturing industries such as aerospace, bio-ethanol and auto-motives. Since 2004, a more outward look policy has been implemented by the government, promoting exports and fostering technological development to increase international competitiveness. In 2008, additional tax incentives for investment, RD and exports were introduced. Since 2003, Brazil has made progress towards putting in place the foundations for growth, with particular emphasis on achieving economic stability. Stabilisation has paid off: inflation has fallen and some progress has been made on reducing the public debt. However, stabilisation has come at a high price. Real GDP growth has averaged only 2.7% since 2003, with the adjustment explaining in part why actual growth rates were lower than the rate of 3.7% used in our BRICs studies. The future for Brazil will be very interesting to see. According to Goldman Sachs, over the next 50 years, Brazils GDP growth rate averages 3.6%. The size of Brazils economy overtakes Italy by 2025, France by 2031 and the UK and Germany by 2036. According to Sachs, Brazil will remain an important destination for fixed income, equities and direct foreign investment inflows, because of the high carry trade, the value of the embedded option on growth, and its sound macroeconomic policies and external credit fundamentals. Brazil is generally open to and encourages foreign investment. It is the largest recipient of foreign direct investment (FDI) in Latin America, and the United States is traditionally the top foreign investor in Brazil. Since domestic savings are not sufficient to sustain long-term high growth rates, Brazil must continue to attract FDI, especially as the government plans to invest billions of dollars in off-shore oil, nuclear power, and other infrastructure sectors over the next few years. The major international athletic competitions that Brazil will host every year until the 2016 Rio Olympics are also leading the government to invest in roads, airports, sports facilities, and other areas. Russia Russia is currently the 6th largest economy in the world in terms of purchasing power. They are the worlds 2nd largest oil producing country with up to 14% of world proved oil in reserves and 36% of world gas reserves. A lot has happened in Russia in the last 10 to 20 years. The Russian economy underwent tremendous stress in the 1990s as it moved from a centrally planned economy to a free market system. Difficulties in implementing fiscal reforms aimed at raising government revenues and a dependence on short-term borrowing to finance budget deficits led to a serious financial crisis in 1998. Lower prices for Russias major export earners (oil and minerals) and a loss of investor confidence due to the Asian financial crisis exacerbated financial problems. The result was a rapid and steep decline (60%) in the value of the ruble, flight of foreign investment, delayed payments on sovereign and private debts, a breakdown of commercial transactions through the banking system, and the threat of runaway inflation. With oil prices low and the economy in a deep recession, the government was unable to collect taxes to cover its large expenditure commitments. The government embarked on a rapid privatisation of state-owned assets, in a struggle for control of the most valuable assets. After the collapse of the USSR in 1991, the world community supported a plan of economic reform. However in 1992 Russia became plagued with serious poverty and political conflict. This hampered their efforts for global reform. Despite all the pitfalls, there has been significant growth in their economy in recent years. In fact the Russian economy has been booming in the past decade Russian GDP growth exceeded 8% in 2007; even in 2008, when the global financial turmoil started to bite, GDP growth still reached 5.6%. During the past five years, real GDP increased by more than 40%. 2010 saw Russias economy return to growth with a 3.8% increase in GDP. Russias Economic Development Ministry predicts that the nations GDP will grow 4.2% in 2011. In 2007, a new long-term development programme and a new industrial policy, respectively, was launched, aiming at the diversification of the production structure towards (high-tech) manufacturing by improving the investment climate, promoting public private partnership and investing more in infrastructure. From essentially a government led and government controlled economy to something of a more free market base and international trading economy was the starting point towards the Russian economy which we see today. Russia is now an emerging market worthy of the same breath as the other BRIC nations. The success in Russia can be seen through companies investing here. Examples of Russian investments include Novartis who have committed $500 million to be invested over a 5 year period. The centrepiece of this agreement is the creation of a manufacturing plant in St. Petersburg. Foreign direct investment (FDI) in 2009 fell to less than $40 billion after reaching an all-time high of $75 billion in 2008. Much of the FDI in recent years was Russian capital. Moreover, although the annual flow of FDI into Russia was in line with those of China, India, and Brazil, Russias per capita cumulative FDI lagged far behind such countries as Hungary, Poland, and the Czech Republic. Most foreign mergers and acquisitions in 2009 were in the politically sensitive energy sector, largely because of the huge capital requirements required relative to other sectors. By the end of 2010, analysts predicted that the total FDI for the year would again top $40 billion, but not reach the levels seen in 2008. (Bureau of European and Eurasian Affairs, 2011) India India has fared the global financial crisis remarkably well. Despite the 2008-2009 downturn, the government expects the annual GDPà growth to return to around 9%. Indias population is estimated at more than 1.1 billion and is growing at 1.55% a year. It has the worlds 12th largest economyand the third largest in Asia behind Japan and Chinawith total GDP in 2008 of around $1.21 trillion ($1,210 billion). Services, industry, and agriculture account for 54%, 29%, and 18% of GDP. Since 2003, India has been one of the fastest major growing economies in the world. Its economic development is essentially service-led, supported by exports of services (especially IT-enabled services); manufacturing exports are relatively small and are concentrated on a few sectors only. India is capitalizing on its large numbers of well-educated people skilled in the English language to become a major exporter of software services and software workers, but more than half of the population depends on agriculture for its livelihood. India continues to move forward with economic reforms that began in 1991. Reforms include foreign investment and exchange regimes, industrial decontrol, reductions in tariffs and other trade barriers, opening and modernization of the financial sector, significant adjustments in government monetary and fiscal policies, and more safeguards for intellectual property rights. The economy has posted an average growth rate of more than 7% in the decade since 1997, reducing poverty by about 10 percent. India achieved 9.6% GDP growth in 2006, 9.0% in 2007, and 6.6% in 2008, significantly expanding manufactures through late 2008. Growth for the fiscal year ending March 31, 2009 was initially expected to be between 8.5-9.0%, but has been revised downward by a number of economists to 7.0% or less because of the financial crisis and resulting global economic slowdown. However economic growth is hampered by inadequate infrastructure, bureaucracy, corruption, low wages, regulatory and foreign investment controls. Indiaà could become the worldsà third largest economyà by purchasing power parity (PPP), overtakingà Japanà in 2012.à This would be almost 20 years ahead of Goldman Sachs projection of 2032 in its BRIC (Brazil, Russia, India, China) report.à India is also expected to grow faster thanà Chinaà after 2020. China, which was projected to become the worlds largest economy by 2041, now looks set to achieve the distinction sometime around 2020. Foreign investment is particularly sought after in power generation, telecommunications, ports, roads, petroleum exploration/processing, and mining. Indias external debt was nearly $230 billion by the end of 2008, up from $126 billion in 2005-2006. Foreign assistance was approximately $3 billion in 2006-2007, with the United States providing about $126 million in development assistance. The World Bank plans to double aid to India to almost $3 billion a year, with focus on infrastructure, education, health, and rural livelihoods. China China is seen as the most continuous civilisation in history, not just in terms of politics but also in terms of cultural continuity. The country has a tragic history marked by economic decline, political instability, military humiliation and social regression. China was seen as an economic disaster. This is not only due to the Civil War and Japanese invasion but also due to the plans of the Cultural Revolution. Between the end of the 18th century and the 1960s, Chinas GDP fell from nearly one third of the worlds GDP to less than 5% and only managed to recover in the 2000s. Between 1976 and 2004, China achieved an average GDP growth rate of 9.6%. No other country has experienced such a rapid increase in living standards and working conditions. (Overholt, 2005) Now we have a China that supports economic reform and a China that joins the IMF (International Monetary Fund), World Bank and WTO (World Trade Organisation). But more importantly we have a China that believes in political stability, free trade and free investment. The success of China can be associated with liberalisation and globalisation. In 2004 international trade accounted for 70 percent of Chinas GDP, as compared with 24 percent for Japan. Chinas economic development is driven by manufacturing exports and by investments. (Including infrastructure) Foreign Direct Investment plays an important role, especially for exports. Recently outward FDI, mainly to secure raw materials, has been increasing. Although generating fast growth for over 30 years, the Chinese economic system has come under criticism recently because of rising income inequalities, rapidly increasing energy demands and external imbalances. (O Regan Herciu, 2010) China has also established competition as a very important economic practice. (Failoa, 2009) By incorporating local brands into Chinese local culture it has given China a competitive advantage over countries that are less educated. Education is very important in a nations competitive advantage. It is easier to start operations in a nation with a trained workforce, than in nations where time-consuming and costly training is necessary. China has had great success in promoting first, second and third level education. In fact it is the success of China that is influencing its neighbors like India. India has learned from China the advantages of a more economy open economy. Chinese growth has brought American companies new markets. Their booming economy has attracted firms from Europe, North America, and Asia that are eager to sell their products to the countrys 1.2 billion resident. (Griffin and Pustay, 2005) Like the other BRIC nations, China also faces challenges for the future. In order for China to continue to be recognized internationally as a global power it must reform its areas on human rights. It must also continue to reform state run enterprises. Currently Chinas banking system is the worst in the world. Other than that the future of globalization for China is looking very bright. As Napoleon Bonaparte once said 200 years ago let China sleep, for when she wakes, she will shake the world. (Wolf, 2006). These large emerging economies are playing a huge role in the world economy. The BRICS economies are on the verge of the rapid growth of their consumer markets. (Experience indicates that consumer demand takes off when GNI per capita reaches levels between $3,000 and $10,000 per year.) In Russia there is already significant evidence of the growth of consumerism during the past decade. There are also early signs of similar trends in China and India, where the growth of their middle classes is very rapid. It is expected that within a decade or so, each of the BRICs will show higher returns, increased demand for capital, and stronger national currencies. Rising incomes in the BRICs nations will create a new middle consumer class. Growth in the middle class will be led by China, where number of people entering the middle class is accepted to peak during this decade. Meanwhile, middle class growth in India will accelerate throughout this decade. As China and India are the worlds two most populous countries, rising incomes there will have much greater impact on global demand than any other countries could. Other BRICs (and other emerging markets) will also see a rising middle class in the next decade, and should also see a rising upper class. With the explosion of the middle classes, spending patterns are likely to change. Thus, foreign firms will want to monitor major economic indicators such as GNI (Gross National Income), PPP (Purchasing Power Parity), and the Human Development Index, as well as developments in the cultural, political, and legal environments of those nations in order to guide their investments and organise their local market operations. Q2) What are the implications of the emergence of the BRICs to careers and companies in your country? The implications of the emergence of the BRICs to careers and companies can be analysed by looking at the opportunities and threats for Ireland. In the last year, Ireland like many other countries has been affected by the global economic crisis. The emergence of the BRIC countries can offer huge benefits for Ireland and the BRIC countries can gain a lot by interacting with Ireland. Research shows that the BRIC countries struggle with innovation due to shortages of human capital, limited access to the latest technology, and limited access to capital. These disadvantages can be overcome by the BRICs interacting with countries that do have access to an innovative and highly skilled work-force, lime Ireland. During this time of global financial turmoil, emerging markets will be the main driver of economic growth in future years. Currently the BRIC nations offer some of the most exciting investment opportunities in the world. However, according to figures from the Central Statistics Office, from January 2008 to Oct 2010, the share of Irish trade with the BRICs constituted less that 4% of our overall external trade. (Central Statistics Office) Yet, in terms of potential growth and income, the BRICs represent an opportunity for Ireland. Ireland has a solid reputation for being business friendly to foreign investors as it seeks to attract investment to create jobs. Ireland has the potential to further grow our existing key markets in high-growth and high-potential markets, such as Brazil, Russia, India and China. Key strengths for Ireland include our strong entrepreneurial culture, an educated and highly skilled workforce, a favourable taxation regime, EU membership, our track record in attracting FDI, our strong indigenous sector, and our reputation as a premium tourist destination. Key challenges are in the areas of cost competitiveness, access, transport links, telecommunications infrastructure and banking links. The BRIC group of countries will play an important role in Irelands trade, investment and tourism strategy for the years ahead, reflecting changes in the global economy. In order to create jobs in Ireland, it may be necessary to engage in ventures with, and in the other BRIC nations, firstly, Brazil. (www.labour.ie) Despite Brazils economic success, it is fair to say that the level of trade and investment between Brazil and Ireland does not match the potential of both countries. In fact, while total trade reached US$ 202 billion between January and October 2009, bilateral trade was only US$ 670 million (US$ 265 million exports from Brazil and US$ 404 million imports from Ireland). As export-led growth is the only sustainable route for Ireland, the growing Brazilian demand and the valuation of the Real (Brazils national currency) will certainly ensure high levels of imports in the coming years. On the other hand, Brazil is an important and competitive world supplier of both manufactured and primary goods, as well as a significant service provider. Therefore, more could enter the Irish market. (The Embassy of Brazil in Ireland, 2011) Enterprise Irelands trade mission to Brazil back in November 2010 is an example of the successful relationship between the two countries. The trade mission had brought 34 Irish companies to Brazil with an aim to increase export sales to this vast market. Enterprise Ireland said the country holds huge business opportunities for Irish firms as Brazil is in the middle of major modernisation, infrastructure and development projects. Some examples of Irish companies setting up in Brazil include, Louth Company, Suretank. This company won a contract worth à ¢Ã¢â¬Å¡Ã ¬900,000 to supply its cargo carrying units to ISEW, a major supplier of tanks and containers to the oil and gas exploration industry. Also Monaghans Combilift has secured a deal valued at à ¢Ã¢â¬Å¡Ã ¬800,000 with Brazilian steel giant Gerdau. Not only are Brazil gaining foreign investment but they are also gaining valuable expertise from Ireland. Its important that Ireland keep up this relationship with Brazil and if there are more opportunities for companies to open new markets, they should. Russia is Europes largest emerging market and the 11th largest economy in the world and continues to offer opportunities to Irish companies. It is a key export market for Irish businesses in sectors such as ICT, engineering, aviation and aerospace, education and training, the life sciences, construction and building services and food and beverages. With the rapid emergence of Russia as one of the BRICs, Ireland continues to benefit from this with more companies both Russian and Irish locating here and in Russia, providing many jobs in different sectors of Industry. Irish companies are responding to the worldwide economic slowdown by actively developing opportunities in new markets. While Russia has not been immune to the current economic difficulties, the continued economic development of Russia has resulted in a much wider range of business and commercial opportunities for Irish companies. Irish exports to Russia continue to grow year-on-year and combined exports of goods and service are now over à ¢Ã¢â¬Å¡Ã ¬1.3bn. Irish-owned SMEs export more to Russia than any of the other BRIC countries. According to Enterprise Irelands Head of International Sales and Partnering Gerry Murphy, there are particular opportunities for RD collaboration between the two countries, Ireland and Russia have a very similar national research and development goals, with a strong focus on funding research in nanotechnology, life sciences and ICT. There is considerable scope for Irish educational institutions to build linkages with Russian universities in joint programmes and the commercialisation of Russian RD. Such linkages could benefit both Ireland and Russia, as both countries continue to build knowledge-based economies. (Enterprise Ireland, 2009) It is vital, Ireland continue its trade links with Russia. This relationship will offer huge employment opportunities for people in Ireland and Russia. The political relationship between both countries also contributes to the deepening of the trade-economic cooperation. (Russia IC, 2008) Like the other BRIC countries, India also offers some opportunities to Irish companies and careers. India is a land of opportunity for Irish software and IT companies. Significant potential exists for increasing trade between Ireland and India particularly through software, information technology and e-Business partnerships. India is not only a major market in itself for Irish business but it is also seen by Irish companies as offering an excellent opportunity for developing business, products and markets internationally. Many Irish companies are taking a greater interest in India and Indian companies are also looking towards Ireland. India could provide a safety valve for the Irish Software industry which is currently experiencing a skills shortage in certain disciplines. However Ireland has to compete with the United States and other countries for this talent. The government of Ireland has identified India as a country in Irelands Asia Strategy, and this new thrust could be utilised to increase economic and commercial relations. Indian businesses could exploit the opportunities of investment in Ireland provided by its membership of the European Union, its low corporate tax and its tax incentives for investment in innovation, research and new technologies. Not only that but Ireland is becoming a significant destination in Europe for Indian students for higher education, particularly for post-graduate, doctoral and post-doctoral studies in the areas of engineering/technology and management studies. About 1200 Indian students are currently studying in Ireland. Because of the high quality of higher education institutions in Ireland, there is considerable promise for bilateral linkages between higher education institutions, particularly in science and engineering. Concerted efforts are under way to promote and intensify such linkages. The emergence of India will benefit Ireland hugely in both employment opportunities and investment opportunities for Irish businesses.
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