The Rise of the Nazi Party - 1059 Words

The Nazis and their rise to power comprised many steps along the way. With the help of Adolf Hitler’s mind they came to power with their political and economic strategies. Outlining the beginning of how Hitler and his party slowly gained power and took over Germany as each of his idea and his supporters helped him to rise. Hitler consequently congregated supporters of the Nazi party to make it stronger. Before the idea of legally taking over the political and economic of Germany, he planned to take over the Reichstag building with force thinking The Putsch was his way to success. ‘†¦ the Nazi movement legally wound back the provisions of the Weimar Constitution, exerted its control over the civil service and legal systems and outlawed†¦show more content†¦Without thinking through the plan enough his plan was stopped by the army which caused many men wounded including Hitler. The Putsch was his one way ticket to prison and sentence to death. Instead of havin g a trial, â€Å"Hitler made a number of impassioned courtroom speeches† (Bidgood 2006: 126). Initially he was sentence to 5 years in prison where he focused on his book ‘Mein Kampf’ which â€Å"would become his major ideology work† (Bidgood 2006:126). â€Å"He wrote that the Germans were members of the Aryan race, which was superior to other people such as the Jews, Slavs, blacks and gypsies. According to Hitler, the Jews were the lowest race. They were, he said, responsible for all of Germany’s problems and needed expelled from the country... Hitler expressed his hatred of Communism and democracy, arguing that Germany needed a strong government with decisions being made by one powerful leader.† (Taylor 2001: 18) His book was poorly written but it expresses his thoughts. The Nazi party became corrupted while Hitler was in prison causing other political parties to escalate and form their own ideas knowing that there is no one to stop them. Alfred Rosenberg was officially left in charge. He was a poor leader and was really to blame for allowing the Party to lose its credibility in German politics. The Nazis gradually split into different factions, which were everShow MoreRelatedEssay on The Rise of the Nazi Party1091 Words   |  5 PagesThe Rise of the Nazi Party Hitler’s rise to power was the result of many factors, but Hitler’s ability to take advantage of Germany’s poor leadership and economical and political conditions was the most significant factor. His ability to manipulate the media and the German public whilst taking advantage of Germany’s poor leadership resulted in both the collapse of the Weimar Republic and the rise of Hitler and the nazi party. During the early 1920s, Germany was struggling with economic instabilityRead MoreSpeer’s Rise in the Nazi Party Essay953 Words   |  4 PagesSpeer’s Rise in the Nazi Party Albert Speer rose from a mere architect to be one of the most influential Nazi leaders of the Third Reich, and self-admittedly Hitler’s closest friend. As a young, struggling architect Speer joined the Nazi Party as a ‘Septemberling’, and subsequently began to design many of the displays and structures that succeeded in promoting the Fuhrer Myth. Within the NSDAP Speer progressed to the position of Minister for Armaments and War ProductionRead MoreThe Weimar Republic And The Rise Of The Nazi Party1351 Words   |  6 Pagesassisted in the growth and rise of the Nazi party were: 1. The Weakness of the constitution 2. The French invasion of the Ruhr 3. Hyperinflation 4. The Great Depression although technically the Weimar Republic was in power between the years of 1918 – 1945, most people believe that the power of the Weimar government ended in 1933 when Hitler’s Third Reich took over the country. The Weimar Republic was a coalition government made up of eight major parties. These parties ranged from Social DemocratsRead MoreThe Rise And Fall Of Hitler s Nazi Party1301 Words   |  6 Pages The Rise and Fall of Hitler’s Nazi Party In the world today and since the beginning of time fear is and always has been a powerful emotion. For the people who control it it’s the perfect tool. They disguise it as happiness while they can conduct their evil actions, and their choices can appear to be the right ones when the mind is fogged by panic. While the person who controls the fear uses it to control an entire society. George Orwell did a wonderful job in portraying how this could happen inRead MoreReasons for the Rise of Nazi Party and the Collapse of the Weimar Repu1102 Words   |  5 PagesWhy did Hitler rise to Power and why did the Weimar Republic collapse? Hitlers rise to power was the result of many factors, but Hitlers ability to take advantage of Germanys poor leadership and economical and political conditions was the most significant factor. His ability to manipulate the media and the German public whilst taking advantage of Germanys poor leadership resulted in both the collapse of the Weimar Republic and the rise of Hitler and the nazi party. During the early 1920sRead MoreInvestigating The Rise Of The Nazi Party During The Weimar Republic Essay2220 Words   |  9 Pagesvoting behavior in order to explain the rise of the Nazi Party during the Weimar Republic and who turned to the Nazis and who didn’t. Some of the literature’s arguments there are two theories mentioned, the first one being group-based theory and the second one the Catchall theory. Alternative arguments to this suggest that those who were hurt by the economy and had little risk of unemployment labeled in the readings as the working poor supported th e Nazi Party. This group of people disliked the on-goingRead MoreTo What Extent Did the Collapse of the Weimar Republic Lead to the Rise of Hitler and the Nazi Party?2086 Words   |  9 PagesTo What Extent Did the Collapse Of the Weimar Republic Lead To The Rise Of Hitler and The Nazi Party? During the process of choosing a topic, I had many ideas that I wanted to research. I thought about exploring areas in Art and English but I constantly kept having thoughts about history. I love to learn about our history and I was attracted to choosing a topic that had to do with Hitler’s Germany. History is one of my most favorite subjects in school. I always look forward to becoming more educatedRead MoreA Brief Note On Nazis And The Environment1023 Words   |  5 Pages Environment Professor Yan Gao 2 December 2015 Nazis and the Environment The Nazi party in Germany left behind a legacy of atrocities that included racism, anti-Semitism, and genocide. The appeal of the Nazis relied on problems in Germany following the aftermath of World War I. They examined the different problems Germany faced and the different aspects of their political beliefs, one in particular being their environmental outlook. The Nazi party drew substantial support with their idealized versionRead MoreThe Collapse of Weimar and the Rise of Hitler Essay1035 Words   |  5 PagesThe Collapse of Weimar and the Rise of Hitler In 1919, a defeated Germany was forced to abandon government under the Kaiser, who had fled to Belgium and adopt the Weimar, a democratic but flawed system. Soon after Hitler and the Nazi Party appeared, and years later the Weimar Republic fell. What accounted for the fall of the Weimar? My essay will prove that there was not a single reason, but in fact a series of events that lead to the collapse of the Weimar. Read MoreReasons Why Nazis Came to Power in 19331712 Words   |  7 PagesReasons Why Nazis Came to Power in 1933 There are several factors that enabled the Nazi party, with Hitler as its leader, was able to come to power in Germany in 1933. There are 5 main reasons involved history, economics, politics and the personality of Hitler. The main political events occurred in 1923 and 1933. The Treaty of Versailles was one of the most important causes that led to Hitlers rise in Germany. From the German point of view the treaty was incredibly

Improving Healthy Development And Maintaining Strong...

Introduction â€Å"Play is so important to optimal child development that it has been recognized by the United Nations High Commission for Human Rights† (Ginsburg, 2007, p 182). There is no opposing argument to the statement that play is essential to children and youth in all domains of development. Although certain types of play may be more meaningful in terms of development, any kind of play is better than no play at all. â€Å"The Importance of Play in Promoting Healthy Child Development and Maintaining Strong Parent-Child Bonds† examines and reflects on Ginsburg’s research on the importance of play during childhood development and guidelines for pediatricians on how to advocate for children in terms of protected play and a balanced lifestyle during development. In this journal, I found why play is beneficial, the consequences of reduced play, and the factors in the ever-changing routine of childhood, why this change is a problem, the effect this change has on many familie s, and some proposed solutions, as well as advice on how to promote healthy development and growth through play. Summary of Article â€Å"The Importance of Play in Promoting Healthy child Development and Maintaining Strong Parent-child Bonds† is a clinical report published for the guidance of pediatric care. The article focuses on the benefits of play, the repercussions or reduced play, the factors of change in play, why this change is relevant, the effect is has on family, proposed solutions, and advice forShow MoreRelatedJuvenile Delinquency Essay examples1465 Words   |  6 Pageswith juvenile delinquents will be examined. Three main areas (child development, punishments, and deterrence tactics) will be briefly analyzed to give adequate explanation of the issue. Child development is where intervention for juvenile delinquency may be enforced. Parents have the majority of control over an infant’s activities at an early age and have to be able to spot their actions. As explained by the authoritative style, â€Å"parents try to direct their children’s activities in a rational, issue-standardRead MoreAboriginal Education Is A Subject That Should Be Embedded Into Curricular Activities2400 Words   |  10 Pagesexperiencing these issues are more likely to have a higher rate of absence from school, poorer school performance and an overall low expectation of achievement (Jackson, 2009). Recognising these factors and utilising thes above strategies are vital for improving education, health and overall wellbeing for Aboriginal children. Early childhood centres have access to numerous documents such as the Early Years Learning Framework and the Melbourne Declaration which provide guidelines on quality education forRead MoreDeveloping Parenting Skills2793 Words   |  11 PagesAgency Information The writer chose to volunteer at the Child Advocacy and Parenting Place in Wilmington at 1403 S. 39th St and the phone number is 910-791-1057. The writer was supervised by Lauren Clark, Program Supervisor and Callie Capps, Children’s Programs Facilitator and Group Leader. Lauren is in charge of the Strengthening Families Program for parents of children ages six to eleven. The program is held at Snipes Academy of the Arts. The writer assists the CAPP staff at the StrengtheningRead MoreThe Welfare Policy Regulates All Stages Of A Child s Contact With State Agencies1813 Words   |  8 PagesDepartment of Health and Human Services, 2006). Child welfare policy regulates all stages of a child’s contact with state agencies, from an initial charge of abuse and/or neglect to decisions about what forms of intervention are needed to protect the child. The mission of child welfare has been to respond specifically to the needs of children reported to the public child protection agencies as abused or neglected, or at risk of child maltreatment. When child welfare services fails to incorporate and drawRead MoreThesis About Family8295 Words   |  34 PagesChapter I THE PROBLEM AND ITS STUDY 1. Introduction Family is very important part of our everyday life. It helps us in improving our personality. It also helps us in shaping our life. It teaches us the value of love, affection, care, truthfulness and self-confidence and provides us tools and suggestions which are necessary to get success in life. Family is a place where you can be yourself. It is a place where you are accepted for what you are. 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Nkonge Lecturer: Prof Ciru Getecha Table of Contents 1.0 ORGANISATIONAL DEVELOPMENT ......................................................................... 3 1.1 Importance of Organization Development ................................................................. 4 2.0 TEAM LEADERSHIP .......................Read MoreHealth, Safety and Welfare in Ecce Setting19648 Words   |  79 Pagessymptoms of unwell child. Crà ¨che Safety Check list Sample Example Risk Assessment for a Crà ¨che Summary Evaluation Recommendations Bibliography â€Å"The effective functioning of child rearing processes in the family and other child settings requires public policies and practices that provide place, time, stability, status, recognition, belief systems, customs and actions in support of child rearing activities not only on the part of parents, caregivers, teachers

Performance of McMillan Shakespeare Limitedâ€Myassignmenthelp.com

Question: Analysis and interpretation of the performance of McMillan Shakespeare Limited? Answer: Introduction Background of the company For this purpose of this assignment, McMillan Shakespeare Limited (MMS) is the business organization that has been undertaken for the purpose of financial performance and financial position analysis. McMillan Shakespeare Limited (MMS) is engaged in providing services of salary packaging and motor vehicle leasing services. McMillan Shakespeare Limited has started its business operations in 1988 and since then they are engaged in providing services of salary packaging and notated leasing services. McMillan Shakespeare Limited is listed in Australian stock exchange and has been reported in top 200 ASX listed companies. Apart from their primary business operations, they are also are also engaged in the business of asset management, fleet financing and management services. McMillan Shakespeare Limited has wide spread business operations and they has 21 subsidiary companies under. Purpose of the group assignment Purpose of this assignment is to understand and analysis ratios and financial statements analysis technique. How to assess and analyse financial position and financial performance of the business organisation is the outcome of this assignment. In this assignment, ratio analysis of five years has been done i.e. from 2011 to 2015 (Salo and Punkka, 2011). Main purpose of this assignment is to develop skills among students of analysing and reading financial statements of any business entity. In order to complete course successfully development of analysis skill is required and therefore main purpose of this assignment is to develop analytical skills. Purpose of this assignment includes development of skills of students in terms of making conclusion. Trend and cross-sectional financial analysis Trend analysis and cross sectional financial analysis of McMillan Shakespeare Limited has been undertaken in this sections. Ratio analysis has been used technique for the same and various ratios has been calculated and analyzed. Profitability ratio, solvency ratio, efficiency ratio and liquidity ratios are calculated and analyzed in this section of report. Ratio calculation Profitability ratios Gross profit ratio = Gross profit / Sales revenue * 100 Operating profit ratio = Operating profit / Sales revenue * 100 Net profit ratio = Net profit / Sales revenue * 100 Ratio 2015 2014 2013 2012 2011 Gross profit ratio 75.14% 76.68% 77.51% 78.26% 79.60% Net profit ratio 17.32% 22.80% 26.93% 17.98% 16.02% (El-Dalabeeh, 2013) Analysis: Above two ratios is used to analyse profitability of the business organisation and in this case McMillan Shakespeare Limited has been tested on such basis. Gross profit reflects ability and capabilities of business organization in terms of primary business operations (Wunsch, Gruber and Claupein, 2012). McMillan Shakespeare Limited had shown great operational efficiency as reflected in their gross profit ratio. In all 5 years they had maintained higher operational efficiency. On the other hand, net profit ratio is used to analyse cost management and real profit earning capacity of the business organization (Entwistle, 2015). As compared to industry average, McMillan Shakespeare Limited has shown great efficiency in generating profits for their internal stakeholders in terms of net profit. Their net profit ratio in all 5 years has been at higher side but results shows high fluctuations. It can be concluded that overall profitability position of McMillan Shakespeare Limited i s attractive and increasing financial performance has been observed (Erik and Kerstin, 2013). Because of great profitability ratios (gross and net profit), McMillan Shakespeare Limited has been able to maintain higher cash availability in business operations. Profitability of McMillan Shakespeare Limited has also impacted liquidity of the McMillan Shakespeare Limited as by earning more profits, McMillan Shakespeare Limited is able to save more cash for business operations. Operating efficiency Accounts Receivable Turnover = Revenue / (Average Accounts Receivable) Inventory Turnover = (Cost of Sales) / (Inventory) Accounts Payable Turnover = (Cost of Sales) / (Accounts Payable) Total Asset Turnover = (Revenue) / (Total Assets) Ratio 2015 2014 2013 2012 2011 Accounts receivable turnover period 8.30 days 11.91 days 18.15 days 15.97 days 19.34 days Inventory turnover period 13.52 days 15.07 days 15.33 days 33.17 days 37.47 days Accounts payable turnover period 1.52 days 1.53 days 1.82 days 1.14 days 1.22 days Cash conversion cycle 20.30 days 25.45 days 31.66 days 48 days 55.46 days Total Asset Turnover 50.13% 66.23% 73.80% 77.20% 90.28% (Olesen and Podinovski., 2017) Analysis: Operation efficiency ratios are used to analyse effectiveness in business operations of the business organisation. Accounts receivables ratio reflects efficiency of business organisation in terms of their ability of collecting cash from its debtors in normal course of business. It shall be kept at as low as possible and in case of McMillan Shakespeare Limited, receivables period is effective and improvement can be observed from 2011 to 2015. Another efficiency ratio is inventory turnover period, this ratio reflects turnaround period of stock i.e. days from inventories held in store till the date of sales (Kadzinski and Napieraj, 2017). Cost of sales or cost of goods sold is the base for analysing inventory turnover. In case of McMillan Shakespeare Limited, great improvement has been seen from 2013 as there is great reduction in their inventory turnover period. Accounts payable turnover is another efficiency ratio that is used to analyse payable period of the business organi zation i.e. within which creditors are required to be paid. It can be observed that payable period of McMillan Shakespeare Limited is at adverse side in all 5 years under consideration as they payable period is very low. Cash conversion cycle is the overall effect of business operational efficiency that can be used for analysis of overall operational efficiency (Kaushal and Muthusamy., 2014). In case of McMillan Shakespeare Limited, it shows acceptable level of efficiency. According to cash conversion cycle of McMillan Shakespeare Limited, they will be at strong position in terms of liquidity in the operations. At last, total asset turnover ratio has been used to analyze efficiency of assets in terms of its utilization in generating sales revenue for the period under consideration. In case of assets, assets utilization ratio has shown positive or efficiency in generating sales revenue during all 5 years under consideration (Olesen and Podinovski., 2015). Liquidity ratios Current ratio = Current assets / current liabilities Quick ratio= Current assets (Inventories + Prepaid expenses) / current liabilities Ratio 2015 2014 2013 2012 2011 Current ratio 1.72 times 1.41 times 1.28 times 1.26 times 0.61 times Quick ratio 1.59 times 1.27 times 1.15 times 1.19 times 0.56 times (Fenyves and Tarnoczi, 2011) Analysis: Liquidity ratio can be defined as the ratios which are used to analyse liquidity position of the business organisation. Liquidity position means position of working capital or relationship between current assets and current liabilities. Liquidity ratios are used to analyse level of cash and cash equivalent present in the business organisation i.e. in its business operations. Current ratio and quick ratio are two effective tools of liquidity ratio that are used to measure level of liquidity in the business operations (Gomaa and Shaw, 2011). Current ratio establishes relationship between current assets available for meeting current obligation of the business organisation and in short term. In case of McMillan Shakespeare Limited, their current ratio reflects adequate level of current assets i.e. they has adequate level of current assets for meeting their current obligations. In all 5 years, McMillan Shakespeare Limited has maintained adequate level of current assets and this shows greater efficiency in terms of liquidity position (Pandya, 2014). Another ratio that is used to analyst deeper liquidity position is quick ratio. Quick ratio does not use those current assets in which cash is already incurred or cash is blocked. Inventories and prepaid expenses are two current assets that is not included in calculation of quick asset (Khatik and Varghese, 2015). In case of McMillan Shakespeare Limited, their liquidity position in terms of quick ratio shows positive results. Solvency ratios Debt Equity ratio = Total debt / total equity Interest coverage ratio = EBIT / Interest or Finance cost Equity ratio = Total equity / total assets Ratio 2015 2014 2013 2012 2011 Debt Equity ratio 1.44 times 1.34 times 1.29 times 1.33 times 1.62 times Interest coverage ratio 9.65 times 6.29 times 7.05 times 6.45 times 4.51 times Equity ratio 0.41 times 0.43 times 0.44 times 0.43 times 0.38 times Analysis: Solvency ratios are those ratios which can b used to analyse solvency position of the business organisation. Solvency position can be defined as the position which defies level of risk present in terms of capital structure of the business organisation (Lewis and Tan., 2016). In terms of investors, solvency position of business organisation is very much important and in order to analyse financial position solvency ratios are also very important. In case of McMillan Shakespeare Limited, three solvency ratios are used for the solvency analysis i.e. debt equity ratio, interest coverage ratio and equity ratio (Piatti, 2014). Debt equity ratio is used to analyse level of debt and equity utilised in the business operations i.e. propionate debt and equity utilisation. It can be analysed that, in all 5 years i.e. from 2011 to 2016 capital structure is at risk. They had utilised more as compared to internal funds i.e. equity (including reserves). Financial leverage of McMillan Shak espeare Limited is at higher side and denotes higher level of risk in capital structure management and level (Ribera, Zargari, Chapman and Joshi, 2016). On the other hand from the investors point of their solvency position is at great side according to interest coverage ratio. In all 5 years they show good results in terms of their ability in terms of paying interest or financial cost. Market performance Earnings per share = Net earnings for shareholders / No of equity shares Book value per share = Total Equity / No of equity shares Ratio 2015 2014 2013 2012 2011 Earnings per share $ 4.51 $ 7.1 $ 6.56 $ 5.59 $ 4.61 Book value per share $ 18.08 $ 18.64 $ 18.82 $ 20.69 $ 16.98 (Schmidlin, 2014) Analysis: It can be analysed that McMillan Shakespeare Limited is able to generate consistent EPS in all 5 years. As compared to industry average, McMillan Shakespeare Limited has been able to generate the same and is able to attract more investors (Faezinia, Ohadi and Janani, 2012). Book value per share is the theoretical framework that is used to assess market position by dividing book value of equity funds with no of equity shares lying with the entity. Both ratios show adequate level of market efficiency of McMillan Shakespeare Limited. Reasons for change in financial position and performance From the above ratio analysis, it can be observed that results or financial performance and position of McMillan Shakespeare Limited in 2011 has been drastically changed till 2015. Following are some reasons for the same: Competition: It can be observed that from 2011 to 2015 there is increase in competition for McMillan Shakespeare Limited. Although McMillan Shakespeare Limited has been operating business operations which is quite unique bit since 2011 many new business entity has entered the market (Kadan and Zach, 2012). Level of competition has influenced level of business operations, profitability and operational efficiency of McMillan Shakespeare Limited. Change in consumer preference: Since some positive results have been seen from 2011 to 2015 and reason for the same is change in consumer preference. In modern business environment, consumers are more educated and more smart, they undertaken each and every detail of business operations. Shift of consumer preference is another reason of positive change in financial position and performance (Riordan and Riordan, 2009). Customers require more stable business organisations to handle their salary package service or motor vehicle leasing services. This has been the positive influencing factor for McMillan Shakespeare Limited to attract more customers. Management decisions: Management decisions related to merger, acquisition, business transformation and introduction of new business line is another reason of positive financial performance and position (Longinidis and Georgiadis., 2011). Management of McMillan Shakespeare Limited has taken time to time decisions related to introduction of asset management business, merger with UFS, group remuneration services, etc. These decisions have contributed in increasing efficiency and effectiveness of business operations of McMillan Shakespeare Limited from 2011 to 2015 (Walther, 2016). According to annual report of McMillan Shakespeare Limited, it can be analyzed that McMillan Shakespeare Limited has undergone various integration and management buyouts so as to support business operations and to provide better services to their customers. These decisions have supported effective business operations of McMillan Shakespeare Limited and have gained much new business Conclusion After analysis of this report, it can be concluded that ratio analysis can be used for making analysis of financial performance and financial position of the business organisation. In this report, evaluation of financial performance and position of McMillan Shakespeare Limited has been undertaken. It can be summarized that, in terms of pprofitability position of McMillan Shakespeare Limited, in all 5 years they had maintained adequate level of profitability in operational (gross profit) and in administrative terms (net profit). McMillan Shakespeare Limited has been able to maintain higher level of gross and net profit margins. As compared to industry average, these results of profitability have shown greater efficiency in term of profit earning. By maintaining core business operations, McMillan Shakespeare Limited has been able to maintain higher profits. McMillan Shakespeare Limited has been able to manage their administrative and service cost in during the reporting period and this supports maintaining higher profitability. Efficiency ratio reflects adequate business operation management and efficiency. It can be concluded that efficiency ratios are used by various internal external stakeholders for decision making and are very important for the analyzing and reviewing business operations. Cash conversion cycle in all 5 years has shown effective results in term of converting cash from inventory, receivables and payable. In case of McMillan Shakespeare Limited, both accounts receivable and inventory turnover period has reflected greater efficiency. This has been the reason of maintaining liquidity in the working capital. Payable turnover period also denotes greater efficiency in terms of deferring payments to creditors and making available more cash or liquidity in the working capital management or in business operations. It can be concluded that, efficiency position is the major factor that has contributed in effective management of business operations. In terms of liquidity state of McMillan Shakespeare Limited, it can be concluded that they had maintained higher level of liquidity in the working capital. Current ratio indicates currents assets of McMillan Shakespeare Limited are in excess of current obligations. This has made them highly liquid and this is the reason of maintaining higher profitability. Quick ratio has also suggested the same and has the contributor in maintaining efficient business operations. Availability of cash or liquidity has saved McMillan Shakespeare Limited from various legal litigations and enhanced their goodwill or brand among its competitors. It can be concluded that solvency position has shown adverse situation in terms of debt and equity usage in business operations. Interest coverage ratio has shown attractive results for investors as these are at higher side in all 5 years. Interest coverage ratio is the factor that has enhanced goodwill of McMillan Shakespeare Limited and has attracted more investors in terms of investment. It can be concluded that mmanagement decisions, change in consumer preference and competition are some reasons of change in financial performance and position of McMillan Shakespeare Limited. It can be concluded that by maintaining effective solvency position in the business operations, management of McMillan Shakespeare Limited has been able to earn market goodwill. References El-Dalabeeh, A., 2013. The Role of Financial Analysis Ratio in Evaluating Performance: (Case Study: National Chlorine industry). Interdisciplinary Journal of Contemporary Research In Business, vol. 5, no 2, pp 13-28. Entwistle, Gary., 2015. Reflections on Teaching Financial Statement Analysis. Accounting Education, vol 24, no 6, pp 555-558. Erik Hofmann, Kerstin Lampe., 2013, Financial statement analysis of logistics service providers: Ways of enhancing performance. International Journal of Physical Distribution Logistics Management, vol 43, no 4, pp 321-342. Faezinia, V., Ohadi, F., Janani, M., 2012, The Quantitative Study of Effective Factors on Price-Earning Ratio in Capital Market of IRAN. Interdisciplinary Journal of Contemporary Research in Business, vol 3, no 1, pp 550-559. Fenyves Veronika, Tarnoczi Tibor., 2011, Liquidity management and corporate risk. Annals of the University of Oradea: Economic Science, vol 1, no1, pp 530-536. Gomaa, Markelevich, Shaw., 2011, Introducing XBRL through a financial statement analysis project. Journal of Accounting Education, vol 29, no 2-3, pp 153-173. Kadan, Madureira, Wang, Zach., 2012, Analysts' industry expertise. Journal of Accounting and Economics, vol 54, no 2, pp 95-120. Kadzinski, Labijak, Napieraj., 2017, Integrated framework for robustness analysis using ratio-based efficiency model with application to evaluation of Polish airports. Omega, vol 67, pp 1-18. Kaushal, Chang, Lee, Muthusamy., 2014, Using efficiency analysis and targeted intervention to improve operational performance and achieve cost savings in the endoscopy center. Gastrointestinal Endoscopy, vol 79, no 4, pp 637-645. Khatik, S., Varghese, T., 2015, Impact of Working Capital Management on Firm Profitability: An Empirical Study of ITC Ltd. International Journal of Information, Business and Management, vol 7, no 4, pp 284-305. Lewis, Tan., 2016, Debt-equity choices, RD investment and market timing. Journal of Financial Economics, vol 119, no 3, pp 599-610. Longinidis, Georgiadis., 2011, Integration of financial statement analysis in the optimal design of supply chain networks under demand uncertainty. International Journal of Production Economics, vol 129, no 2, pp 262-276. Olesen, Petersen, Podinovski., 2015, Efficiency analysis with ratio measures. European Journal of Operational Research, vol 245, no 2, pp 446-462. Olesen, Petersen, Podinovski., 2017, Efficiency measures and computational approaches for data envelopment analysis models with ratio inputs and outputs. European Journal of Operational Research. Pandya, B., 2014, Performance of Foreign Banks in India: An Empirical Analysis. Vidwat, vol 7, no 1, pp 13-17. Piatti, Domenico., 2014, Operating cash flow and creditworthiness assessment. Academy of Accounting and Financial Studies Journal, vol 18, no 2, pp 1-20. Ribera Boigues, S., Zargari, Ahmad, Chapman, Hans, Joshi, Nilesh., 2016, An Empirical Factor Analysis of Efficiency and Profitability Ratios in the U.S. Retail Industry, ProQuest Dissertations and Theses. Riordan, Diane A., Riordan, Michael P., 2009, Inflation and Financial Statement Analysis in the International Accounting Classroom. Journal of Teaching in International Business, vol 20, no 2, pp 174-187. Salo, A., Punkka, A., 2011, Ranking Intervals and Dominance Relations for Ratio-Based Efficiency Analysis. Management Science, vol 57, no 1, pp 200-214. Schmidlin, N., 2014, The Art of Company Valuation and Financial Statement Analysis A value investor's guide with real-life case studies (The Wiley Finance Series). Hoboken: Wiley. Walther, A., 2016, Jointly Optimal Regulation of Bank Capital and Liquidity. Journal of Money, Credit, and Banking, vol 48, no 2-3, pp 415-448. Wunsch, Karin, Gruber, Sabine, Claupein, Wilhelm., 2012, Profitability analysis of cropping systems for biogas production on marginal sites in southwestern Germany. Renewable Energy, vol 45, p 213.

Key Drivers of Chinas Rapid Economic Growth and the Global Impacts

Introduction China has amazed the whole world at large because of the tremendous growth in its economy (Chow, 2005, p.123). Although China has a very large population, the Chinese people have proved to the entire world that they can be very hard working. Recent research shows that it comes second after the super powers United States of America in terms of the economy defeating countries like Japan, Russia, India and other developed countries. Advertising We will write a custom essay sample on Key Drivers of China’s Rapid Economic Growth and the Global Impacts specifically for you for only $16.05 $11/page Learn More In the past 30 years, that is from the year 1979 China’s growth has been averaged to a rate of ten percent per annum, which shows a very great improvement(Mamdani,2008,p.1). China is also the largest exporter in the world exporting a wide variety of commodities such as agricultural commodities like rice , machinery, electronics, nuclear weapons and textiles just to mention but a few. Other than just exporting it is the second largest importer of goods majorly from Japan, Taiwan and South Korea (Martin, 2006, p.1). China’s major imports include; oil, minerals, plastics, other machinery it lacks and many others. This therefore is enough evidence that China is good at trading with many trading partners all over the world (PTI, 2006, p.12). This paper will therefore discuss the key factors that contributed to the rapid economic growth and how the rapid growth has affected other nations of the world (Xinyu, 2009, p.1). Reforms made by China Three decades ago that is in the year 1978; China was ranked the tenth country from the top in terms of economy. At that time it had a Gross Domestic Product of US$150 billion (Breslin, 2009, p.1). This was very low since it was only 6 percent of the Gross Domestic Product of the United States of America. However, in the year 1979 China made reforms in its economy an d began to improve from that time at a rate of 10 percent per annum. The major goal of the Chinese Government was to make the economy independent and self-sufficient. Some of the reforms made included: The government wanted to encourage both imports and exports into and out of the country (Fogel, 2009, p.1). Therefore the government accorded farmers permission to sell their products to private merchandisers in the country. The prices of commodities were tremendously reduced so as to attract investors from foreign countries. The government also gave financial incentives so that the citizens could be able to make investments in foreign countries. The government also made reforms in the cities and coastal parts of the country and assigned them to be developmental areas (Chow, 2005, p.123).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Factors that contributed to China’s rapid growth The reforms made during that time by the government are the ones that influenced the economic development of the country (McDouglas, 2009, p.2). Therefore the key factors that led to the rapid growth in China’s economy after the reforms included the following; Availability of cheap labor China is highly populated. Therefore the presence of the large number of the human capital which was of high quality was a great advantage to the government. This is because the people were willing to work despite the low wage rate that they were being offered (Arora, 2005.87). The government took this as an advantage and made great use of the available workforce to improve its economy. Investment in Technology The government made investments in the education system such that it involved technological training sessions. It emphasized on teaching of industrial method in schools. This was advantageous as it made the schools produce graduates who were endowed with technological knowledge. The r esulting graduates therefore worked in the manufacturing sectors of the economy and thus led to the improvement of the quantity and quality of outputs (Grumbine, 2007, p.1). Due to this the country was able to increase its exports and as a result improving the state’s economy. Reforms in the agricultural sector Agriculture is among the top most sectors of China’s economy. Research has indicated that the agricultural sector of China results to 60 percent of its Gross Domestic Product hence being a determining factor of the state’s economy (Breslin, 2009, p.1). China produces the highest quantity of rice in the world. It also produces other agricultural products such as wheat, cotton, maize and tobacco which is exported thus the government earning foreign exchange. Foreign investment in technology China has invested greatly in technology leading to production of high quality products. In a bid to achieve this, it imported advanced machinery, plant and production f acilities from trading with other countries (Martin, 2006, p.1). The investment in these facilities advances the technology of the country hence improving the quality and quantity of products produced. China’s commodities are among the top most sophisticated products in the world hence attracting investors from other countries. It is because of this that the total factor in productivity of China has grown by 4 percent per annum.Advertising We will write a custom essay sample on Key Drivers of China’s Rapid Economic Growth and the Global Impacts specifically for you for only $16.05 $11/page Learn More The government policies The government implemented policies that were driven to achieving economic growth at a fast rate (Fogel, 2009, p.1). The government reallocated resources in different sectors of the state hence making them run well financially. After the allocation of resources the government privatized them so as to ensure efficient r unning and high productivity unlike when they were run by the state. Domestic and International demand This is also a factor that made China improve in terms of the economy. The large population it has also increases the demand for its products and in turn the supply (Grumbine, 2007, p.1). The world at large has a great demand for China’s products because of their affordability and quality hence making it produce more and more products. Impacts of China’s economic growth The rapid growth in China’s economy has led to so many implications both positive and negative (Omvedt, 2005, p.50). These effects have been felt by most countries of the world include Asia as a continent. However, the rapid economic development of China seems to have more positive implications compared to the negative ones (Song, 2010, p.1). As a matter of fact the growth in China’s economy led to availability of opportunities in trading system of the world. This comes about because of the availability of large markets for trading in a variety of commodities. The presence of human capital that is readily available and cheap is also a positive impact to the nations of the world (Humphrey, 2004, p.23). This is because other countries that have manufacturing procedures that demand a large amount of labor move their processing procedures to do them in China where labor is cheap and available. Once this is done the resulting product have low prices hence attracting more consumers. The result of shifting manufacturing procedures to China has a negative impact in that it leads to loss of manufacturing jobs in the domestic countries. It therefore a problem as such nations does not get the opportunity to grow in terms of technology. Due to the rapid economic growth, China has been able to take advantage in the trading market therefore making its imports expensive while the exports are cheaper. Most nations blame this on the currency policy of China (Taylor, 2007, p.68). A dvertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More This has a negative impact on the other trading partners as they are disadvantaged and oppressed when it comes to earning their foreign exchange. Because of this the other trading partners of China have raised concerns through introduction of bills to address the issue of China’s currency (Arora, 2005, p.67). As China tries to grow economically, it is also competing to be the best in the world. This has led to it wanting to acquire the very large companies in the foreign countries. It is thus threatening the developed countries like the United States of America which is the world’s super power. Another impact as a result of the rapid economic growth of China has been brought about by the high demand it has for the raw materials it uses in processing. Energy is among the major raw materials or factors of production. The high demand it has for such commodities makes it able to dictate the prices of the commodities. Since it has a high demand then they are able to purcha se them even at the highest cost since they greatly need them for production (Mamdani, 2008, p.1). As a result, this affects the other countries that demand the same product but are not in a position to acquire them at that price. China may also deplete the sources of the raw materials since they acquire in large quantities hence threatening their existence. Since China imports minerals and energy from Australia, the rapid development of its economy has a positive impact on the economy of Australia. This is because as the rate of production increases so does the demand for energy and minerals, thus increase in the quantities purchased. As it purchases more, Australia earns more foreign exchange which leads to tremendous growth in its Gross Domestic Product. Conclusion From the aforementioned factors of China’s economic growth and their impacts it can be concluded that China has undergone a great revolution. This revolution can however be accounted on the reforms made by the government of China in the year 1978. However, there are problems that are rising to counteract the economic growth. Among these challenges we have lack of skilled labor and the increasing rates in labor, these are posing a great threat to the manufacturing sector as it depends on them. This effect also will affect the other foreign countries that have invested in China and as a result posing a great danger in the world at large (Breslin, 2009, p.1). China can therefore be said to be holding the economy of the whole world at large and therefore any arising issues of China become of concern to the whole world. Lastly, it can be said that the reforms that the Chinese government did are the major contributing factors to the current economic state of the country (Hertel, 2004, p.84). Bibliography Arora, V. (2005). China’s Economic Growth: International Spillovers. Journal of Economics, pp. 52- 109 Breslin, S. (2009). 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Available from, http://np.china-embassy.org/eng/Economy Trade/bd/t167673.htm McDouglas, M. (2009). Chinese Economic Performance in the Long Run: The Policy Problems of Rapid Growth are Changing. Available from, http://www.oecd.org/document/50/0,3343,en_2649_33731_40279026_1_1_1_1,00.html Omvedt G. (2005). Women in governance in South Asia. Econ Pol Weekly: 40: 4746-52. PTI. (2006). China to address gender imbalance. Business Standard, Pune edition, July 13 p. 12. Song, L. (2010). The Scale of China’s Economic Impact. Available from, The scale of China’s economic impact Taylor, J. (2007). China’s Exchange Rate and its Effect on Global Economics. Journal Of Management, pp. 45-171 Xinyu, M. (2009). China Brings More Economic Opportunities to World. Available from, http://english.peopledaily.com.cn/90001/90780/91421/6865337.html This essay on Key Drivers of China’s Rapid Economic Growth and the Global Impacts was written and submitted by user Darian Lott to help you with your own studies. 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