Globalization Essay Example | Topics and Well Written Essays - 1000 words - 6

Globalization - Essay Example Kincaid and Black presented their views regarding developing countries being profusely pressurized with agony from developed countries. The problem faced by developing countries often arise due to financial reasons. Since developing countries are considered â€Å"young†, they need to make a lot of improvements in some aspect of society. In order to achieve it, developing countries will need a huge amount of money to support their development. Unfortunately, most of them do not have favorable financial situation. In Black’s documentary film, she also explains how developed countries with their huge and rude organizations - such as International Monetary Fund (IMF) and World Trade Organization (WTO) - control the politic, economy, and life of the Jamaicans. After colonialism, Jamaica started her independence with the loan from IMF. The IMF has certainly helped many countries and this is a very good practice. IMF granted a loan with the requisite of short term borrowing co ntract and trading interest. With no other options, Jamaicans had to accept the condition and open their country to globalization. By then, there are many multinational corporations that followed along globalization, such as Mc Donald, Tacobell, Baskin Robins and many more. For many years, Jamaica had been dependent with the loan of IMF. In 1973, the banking system needed financial support to support the agriculture in Jamaica. Seeking a solution, the government of Jamaica came to IMF again for a loan. Beyond any expectations, the requisite that was given by IMF became stricter than before. IMF proposed the restriction to abandon local subsidy and any control of import product. Without any options left, the government of Jamaica had to accept the condition to help save their financial problem. The exploitation of laborers is very common in almost every developing country and this is unacceptable, it is high time to pay the laborers what they deserve and it is time to bring about a

Module 2, Financial and Strategic Planning (CASE) Essay

Module 2, Financial and Strategic Planning (CASE) - Essay Example The marketing strategy was appealing in the year 2010, hence attracting $1,500 million in terms of revenue. In the year 2011, the marketing strategy was not as effective, hence leading to a lower performance; reporting total revenues of $1,250 million. A strategic plan would be for the hospital to adopt a new marketing strategy (Bryce, 2000). The new strategy would boost the hospitals preference among the sick, increase the amount of grants offered, and increase third-party investments. Secondly, Franklin Healthcare had a structural change and dismissed some staff. The change had a positive effect in efforts to reduce the operating expenses; from $500 thousand in 2010 to $300 thousand in 2011, but had some material effect on the revenue. There was a causal and effect relationship between reducing the number of employees and the amount of patient revenue reported. The low number of staff led to a reduction in the average patient population to achieve a balance between the demand and supply of healthcare. The hospital should increase the number of staff to maximize the supply of healthcare. All employees should report to a senior health worker to improve the level of accountability (Charupat, & Huang, 2012). The hospital should also invest in new equipment and have all the employees trained on how to operate them. A single marketing strategy and the structural change had a significant effect on the hospital’s net income. The hospital reported a $249,800,000 reduction in net income from $1,499,475,000 in 2010 to $1,249,675,000 in 2011. The hospital should have a forecast of what to expect in the next financial year. It should prepare a budget income statement that would serve as a policy variable and govern the control variables and external variables (Greenwood, 2002). The forecasting process should be automated to enhance ease of access and accept frequent reviews. An analysis of the income statement