Inflation and Debt Term Paper Example | Topics and Well Written Essays - 2500 words

Inflation and Debt - Term Paper Example Cochrane basically talks about how budget deficits and large amounts of debt results in inflationary threats, or that those lead to heightened risks of what Cochrane describes as the â€Å"run on the dollar†. The gist is that deficits in the future impact current inflation rates upwards, and Cochrane asserts that the Federal Reserve is powerless to deal with this reality. The Fed view of inflation is basically anchored on Keynesian concepts, and Cochrane further asserts that this, together with monetarist inflation concepts, is incapable of dealing with the inflationary threats that deficits bring to the table. Cochrane notes that the fiscal situation is dire in several respects, chief among them is that the culture of entitlement that lies at the core of American society ensures that the deficits in the future will continue to be large, as the expenditures to fund the â€Å"entitlements† alongside other expenditures are poised to dwarf government revenues. This is a re cipe for sustained deficits that need in turn to be funded either by debt or by printing more money. In the event that the public sees printing money as an inevitability, then the consequences include the greater likelihood of that â€Å"run on the dollar† (Cochrane). II. Fiscal Inflation Fiscal inflation in gist is simply inflation caused by fiscal policy, as when the government spends more money than it has, leading to borrowing, and to the printing of money to fund the deficits. Fiscal inflation can be seen as the flipside of large government spending leading to deficits in the budget, and the literature finds support in the assertion that the inflationary effects of large amounts of debt and of budget deficits are beyond the control of the Fed, which operates under the assumption that there can be no lasting inflationary pressures from activities that do not introduce liquidity to the market via the printing of new money (Cochrane; Ferguson). Debt and deficits, according to the view of the Fed, is not similar to printing fresh money, and does not have the same inflationary effect as the latter. This contrary view is borne out by the thinking that as long as there is no new money printed, and where the government has the power to issue debt to finance deficits in t he budget, then there is no threat of inflation. This notwithstanding the established correlation between increased government spending and the reduction in taxation to induce economic growth as

The global shift against the death penalty Essay

The global shift against the death penalty - Essay Example by saying that the death penalties are not the trade mark of the civilized nations and should be eliminated from the laws as it is an abuse to the human rights. And no crimes will come to end by putting any person’s life to end even after committing any dreadful crime. United States is the one that break human rights itself. Though the government speaks a lot in the favor of saving human kind and ensures their protection in their course of communication with the foreign world yet it reveals concerns regarding violations of human rights in many country e.g Cuba, Iran, Afghanistan China. So its biasness towards this law is not likely to do so in near future. Q3. A number of U.S. states have suspended or abolished in practice the use of the death penalty in recent years due to cases of errors in its application. Should this situation be a factor in determining whether the death penalty should be continued? No, it does not guarantee that U.S will end the death penalty because American states will never be the follower of this abolishing of capital punishment. The suspension of states in following of this rule has a reason behind it as according to them penalty of life taking is now remained with the act of murder (in which the criminal had taken the life of the other one). Because in other crimes e.g rape the victim does not die and so criminal is not hanged till death. Q4. How do you explain the fact that the U.S. is one of the few nations in the world that actively employs the death penalty, and that the other nations are largely those with which the U.S. shares very little in common (i.e., few are U.S. allies or developed countries)? As discussed earlier, the U.S does speak of human rights and constitutional rights, but its acts are the evidence of insult of human rights themselves. The government considers the death penalty as not that much unpleasant and cruel act. Though they have reduce death penalties against the crimes of robbery rape etc to just one

Tourism Theories And Practices Tourism Essay

Tourism Theories And Practices Tourism Essay Tourism Theories and Practices What do tourists do and why? Critically discuss Tourism industry has emerged as one of the fastest growing industry and largest employers in the modern world. This sheer vastness of the industry is understood from the fact that the numbers of tourists worldwide are anticipated to be doubled to one billion plus by the end of 2010.(Kamra, p 184) This essay will discuss in brief the different theories of tourism which define tourist behavior, their roles, activities and motivations which in turn influence the industry. Thesis statement: Tourists and their thought process, their behavior and motivations are centrifugal to the concept of tourism. Many scholars have tried to define the typology of the tourists, their classifications in order to understand the concept of tourism. The essay will outline some of the old theories and the modern day approach and why there is a need for more research based studies to exploit the potential of this industry. Meaning of tourism-What is tourism Michel Eyquem De Montaigne said, A man should ever be ready booted to take his journey. Man because of his gregarious nature is bound to travel from one place to another to fulfill his various needs be it social, emotional or physical. Traveling is thus characteristic to human society on the whole. Travel and tourism was traditionally considered as a luxury item. But with the turn of the century, definition of travel and tourism has evolved. Tourism no longer stands for simple traveling or temporary journeys and stays mainly for pleasure, leisure and or recreational purposes or a luxury element. Twentieth century ushered in the paradigm shift in the concept of tourism. In fact it will not be unjustified to say that there has been transition from the 19th and early 20th century concept of tourism as an exercise in leisure and pleasure domain to the concept of tourism as an exercise in business, economics. It is more of a consumer product; tourism industry is a vibrant market where tourism products can be sold now as any other consumer product, consumer here is the tourist. (Kamra, p 157) According to statistics brought out by the statistics of the World Tourism Organisation (WTO) in 1994, tourism contributed 12 per cent of the worlds Gross National Product. (Kamra, 12) Tourism industry is one of the fastest growing industry employing hundreds of millions of people worldwide, which explains the reason why the study of the tourism and tourism research has become so important in not only the academic field but also for the economy on the whole. Modern day tourism is much more than simple traveling; it is pure economics, which is determined by theories of demand, and supply, which brings in the question of sustainability. Tourism is no more synonymous to traveling. Today tourism is just like a normal consumer product, which is driven by market dynamics, demand supply, sold through retail outlets. It no longer remains a luxury of the upper class but has become a mass product for the growing consumer market, in this case the growing tourist community. (Swarbrooke and Horner p 4) In fact there has been a combination of factors which have resulted in the proliferation of tourism industry. The prime being increased leisure, higher incomes of burgeoning middle class. One of the main drivers to growth in the coming era would be the growing middle class. The study of tourism theories and practices therefore would mainly revolve around the needs, motivations, role, experiences of the the tourists. What do tourists do and why? The most general classification of tourists is on the basis of the needs of the tourist. This would mainly classify the entire tourist community into two groups-the traveler and the tourist. While the former is mainly conceived as one who would basically travel to understand the place and thus would rather prefer longer trips and would plan it individually. The latter classified, as a tourist in laymans version would be characterized as one with superficial interest. One who would indulge in shorter trips and group tours or charters and would mainly depend on tour agents. But this classification is very vague. Motivations Most of the tourists travel for change of environment because of which new concepts of tourism like eco-tourism, rural tourism have come into existence. Cultural attractions, education, gaining knowledge about new cultures might be other important motivations. For example attraction towards Buddhist culture has made Myanmar and some parts of North East India a major hub for Buddhist tourists from all around the world. People from all around the world travel to these places to get experience the Buddhist spirit. There can be other motivations also like quest for new experience, personal visits etc. Some of the most prevalent theories of destination development and classification of tourists Some scholars have tried to classify the tourist on the basis of their needs, which explains the reason for their travel. For example a tourist can be classified as explorer, elite, offbeat, unusual, mass or charter on the basis of his/her demand. While an explorer tourist group will want discovery, adventure, exploration, a elite tourist might have a special personally customized tailored trip to any exotic places. Or for example an offbeat tourist might travel to get away from the crowds. The classification according to demand describes the main purpose of travel. There can be a pure mass group also under the demand-based classification where the tourist might prefer normal tour packages and holiday trips to conventional places. Thus classification on the basis of demand to a large extent determines the needs and the activities of the tourists. There can also be classification on the basis of the meaning and requirement, where tourists might travel for the sake of simple recreation, diversion, experiential, experimental reasons. There can be also motivational based classification. Understanding the motive behind traveling might help to predict consumer psyche. An American researcher named Plog (Mason 26) put forth his theory based on the psychology of tourists and these were published in 1973. Plogs theory was based on a case study conducted on New York residents and their attitudes to travel. Plogs discussed the tourist behavior and motivations based on the psychology of the tourists. Thus there are two types of tourists, the allo-centric and psycho-centric types of tourist. He argued that there are particular psychological types who do not like unfamiliar environments or cultures, so when they select a holiday they will seek the familiar regions than unfamiliar remote regions (these he termed psycho-centric). Plog further added that there are still some groups in society who will be prepared to risk a far more uncertain holiday destination. These tourists will search for strange or unfamiliar and these he termed allo-centric. While the psycho-centric would not travel far from the local environment the allo-centric would travel long distances to unfamiliar locations. He concluded that the majority of the tourists were neither fully psycho- centric nor fully allo-centric. Rather most of the tourists were located in the center point between the two extremes of psycho-centric and allo-centric.And that majority of the tourists would seek the familiar and prefer not to travel great distances to get there. An important point that emerged from the destination development of Plogs theory is that different tourists destinations are attractive to different types of tourists based on the kind of traveler they are, psycho or allo-centric and that majority of the tourists will prefer to travel for short distances than longer ones to go for holidays. Thus it suggests that the tourist destinations in most of the developed countries which are in close proximity to major population areas, busy areas, markets, residential areas are likely to be developed and grow more quickly than those in the distant remote areas. However, in actual practice, sometimes this theory may also prove wrong. On the contrary many of the remote areas are now getting faster developed than those near the major population areas. While Plogs theory was based more on the psychological part of tourists, Erik Cohens theory relate to the behavior of the tourists. Erik Cohen who developed a classification of tourists where there was a four chief classification. First was the organized mass tourists who travel in groups, who prefer packaged holiday (travel, accommodation, food etc.) usually arranged by a travel agent. The second type was the individual mass tourists who use the same facilities as the organized mass tourists, but the difference lies only in decision making. This group makes more individual based decisions about their activity and trip. There are also the explorers and the drifters. While explorers would most often arrange their own trips, meet and interact with the locals drifters avoid all contact with other tourists and leave with the locals. This classification of tourists lives longer than the other groups. If both the above mentioned tourist theories which basically delve into the characteristics of human behavioral aspects are combined then we would see that majority of Cohens mass tourist and independent mass tourists would converge with Plogs psycho-centric tourists. Later in the mid 1970s, Doxey proposed the Irritation Index or the Irridex. The Irridex was based on the relationship between the tourists and the locals. The fundamental idea as it is evident from the name of the index itself is that over a time period as the number of tourist increase in a particular area, a greater irritation and hatred would build up amongst the locals towards the tourists. So, over the time as the locals gets more irritant with the visitors and become hostile, the number of visitors might actually decline or might not continue to grow at the same rate as previously. But the problem with most of these theories was that most of them were not based on proper field research but on discussions. Butlers Tourist Area Life Cycle (TALC) (Mason, 33) model on tourism which is still the most widely accepted and important theory deals with a particular destination, his theory explains how a destination emerge as a tourist destination after several stages. Butler suggested a model where a tourism destination develops over time as a result of several factors. Destination is a very important element in tourism. A destination is defined most widely as a product is marketed to its consumers. And like all other products, tourist destinations also have a life cycle. Butler proposed a model for tourism area life cycle in which he showed how a destination begins as a relatively unknown place and visitors first come in small fractions because of lack of access, facilities and local knowledge (Miller and Galluci, 2004) The key point in Butlers model was that planning and proper remedial action by the tourists can help arrest the decline in resorts and tourism infrastructure. One of the major challenges that the World Tourism Organization made in its Global Forecasts for the year 2000 and beyond is the issue of sustainability, which relates to the absorptive capacity of an economy with respect to tourism. This does not refer to the physical capacity alone but also to the capacity of a particular area to provide tourism infrastructure, pool in investments, manpower, and natural resources. While manpower would not be a constraint, other natural resources might be. The theory of sustainable tourism thus off late has emerged of greater relevance, which is necessary to promote environmental awareness and boost tourism industry on the whole. Sustainable tourism in a nutshell can be explained as a means by which tourist growth is achieved as well as environment and earths scarce resources are preserved. Apart from the environment issue another burning issue, which might emerge as an impediment is lack of trained skilled workforce to deliver value additions. In conclusion it can be said that although several tourism theories have been put forth by several scholars to determine the roles and activities, the characteristics of tourists to boost the industry. There is a general lack of awareness about these theories amidst the policy makers. Tourism industry is still one of those industries, which is regulated by government administration. There are wide varieties of conceptual and theoretical approaches to tourism, which have to be tested in reality. This apart there is a further need for more field studies and employment of professionals in conducting the research, which will help achieve greater theoretical orientation and practical application. The tourism industry has been growing at a phenomenal rate for the last fifty year especially, after the Second World War. The recession has had an effect on the industry, but the numbers of tourists worldwide are anticipated to be doubled to one billion plus by the end of 2010. Keeping in tune with the changing times consumer demands will also change, more classifications based on growing needs of tourists might emerge. What can be the cultural and social impact of tourism development Researchers have identified a whole gamut of positive impacts of tourism development on societies. For example the direct outcomes of tourism development would be the modification of the internal structure of the community, increasing employment opportunities of the local residents, social change, economic affluence, improvement of the quality of life through infrastructure development. Similarly the interaction between the host and tourist increases tolerance and communication skills etc. On the cultural side the arts, crafts and culture of the local area might be revived. Researchers have also identified several cons like deployment of natural resources, increased pressure on existing infrastructure, commodification of culture and its negative effects etc (Beeton 18) Thus it can be seen in the essay how tourist behavioral needs, motivations, actions directly and indirectly affect tourism development in a place. Only right kind of practices would be able to give the necessary boost to this industry, which alone will contribute the largest chunk in global trade. Understanding the needs and motivations of the tourists will help boost tourism industry manifolds. What is required is the right approach. Tourists behavior research in tourism has to be based on motivations, typologies, destination choices and the decision process. While this is good some scholars criticize it as stereotypical and generalized which might not be the same in reality. The gap between the theories and the reality can be bridged through research and constant study of tourist behavior. References K Kamra 1997, Tourism: Theory, Planning and Practice, Second Edition-2008 Peter Mason, Tourism Impacts, Planning and Management Online book version), Second edition- 2008,   Mason, P. Cheyne, J. (2000). Residents Attitudes to Proposed Tourism Development, Annals of Tourism Research. Peter Mason, Tourism Impacts, Planning and Management Second Edition Abraham Pizam, Yoel Mansfeld, Consumer behaviour in travel and tourism Softcover edition published 2000 John Swarbrooke, Susan Horner, 2007, Consumer behaviour in tourism, Edition: 2, p 4, 428 pages Sue Beeton 2006,   Community Development through Tourism., p 18.  

Essay --

Psychology has different ways of defining human behaviour using different psychological perspectives. This essay will be focussing on two different psychological perspectives which are socio-cultural and psychoanalysis. We will therefore provide an explanation for Tumi’s experiences using different sources. We will define the perspectives, discuss the proponents of the theory, basic premises and causes of behaviour, research methods used, strengths and limitation. Sociocultural perspective examines how the social environment and cultural learning influence our behaviour, thoughts and feelings (Holt, N., et al.2013, p.34). Sociocultural perspective has different approaches as Santrock (2003) stated that sociocultural approach examines how social and cultural environments impacted on behaviour and debates a full understanding of human’s behaviour that requires knowledge about cultural context which the behaviour occurs. According to Matsumoto (2001) sociocultural approach also focusses on the behaviour of people from unique ethnic and cultural groups within a culture. Psychoanalysis is the theory of personality developed by Freud that emphasizes the roles of unconscious mental processes, early childhood experiences, and the drives of sex and aggression in personality, behaviour is largely influenced by our unconscious wishes, thoughts, and desires, especially sex and aggression (Gray, 1994). As Nolen-Hoeksema et al (2009) psychoanalysis developed by Freud, unconscious, childhood experiences are controlled by inner forces. Tumi’s feeling of going crazy is being influenced by what she thinks, feels and her experiences as she had a poor relationship with her mother and sister, passing away of her aunt, her belongings being stolen, ... ...jective and extremely interpretative and he also placed an over-emphasis on sexual drive and provides us with an extremely pessimistic outlook on personality as it discounts the notion of free will. Weakness of sociocultural perspective is that to become a sangoma requires difficult training, as it is regarded as a calling which is as great honour gift and that if the person abuses the power ancestors withdraw power (Cumes, 2013:71). In conclusion both psychoanalytic and sociocultural perspective helped in giving a better understanding of Tumi’s behaviour and how we can help her to recover from the situation. I recommend that psychologists should keep on training students about these perspectives as it will enable them to gain more knowledge and be able to exercise new skills of dealing with problems and innovations in supporting the people in the communities.

Ken Kesey’s One Flew Over the Cuckoo’s Nest Essay

I. Introduction The book One Flew Over the Cuckoo’s nest is the result of Ken Kesey’s own experience during his work in mental institution in late 1950s. This book reflects the themes of individuality and rebellion of that time that include protest against conformity. It is the story of one small rebellion that was successful through a big sacrifice. The book is largely symbolic and many characters and things in it are allegoric. II. Body Rebellion is the major theme in the book. It is shown as a confrontation between protagonist Randle McMurphy and antagonist Nurse Ratched. Before McMurphy entered the ward, it was the small structured society of mentally ill patients ruled by powerful Nurse Ratched who weakens them by psychological manipulation. There is no chance that anybody would defy her. After the arrival of McMurphy the situation changed dramatically because this patient is sane and has a strong personality. The figure of McMurphy is symbolic in the way how he sacrificed himself to let the patients realize who they are and regain their spirits. The narrator of the story, Chief Bromden, realizes that he is not weak and breaks free from the ward. McMurphy is compared to Christ in many ways: he is sacrificed, crucified on the table with electroshock; he gathers disciples around him and arranges the fishing trip as Christ who led his twelve disciples to the sea to test their faith. III. Conclusion The book has made a big impression on me in the way how individuality is confronted with the submission and conformism. It teaches rebellion against humiliation of human nature. However, I dislike the author’s view of women as the castrators of men in this book. Nurse Ratched is portrayed as a horrible creature who has no feminine features about her. I liked the figure of prostitute Candy, although she is shown only as the means to relieve Billy Bibbit. Having many symbols and allegories, this book makes us think and not only entertain ourselves.

Book vs Movie Essay

There are different ways to get a story from different sources in modern times. Books have been good sources for stories, but movies are getting more popular and have the same story with the books. Why people still reading books; and others are prefer watching the movies? Reading books and watching movies have a lot in common, but there are some differences that makes the readers remain faithful to reading books. Reading books and watching movies are similar because they are telling the same story. They give the reader or the audience the same feelings after reading or watching about the story. The reader can feel sad of the story in a book while the audience can also feel the same after watching about the story in the movie. The general ideas, which are themes and main characters of the story, are the same. For example, Romeo and Juliet is romantic no matter it is read from a book or watched from a movie. A book and a movie both have a beginning, rising actions, and a resolution. The story are formed in the same structure regardless to it is a book or a movie. Even though there are similarities; reading books and watching movies give details through different ways. By reading the books, the reader has to open his mind for imaginations. Books only show words, and the images of the story are imagined in the brain. On the other hand, movies give a particular picture of the story to the audiences, and the audiences get details through visual and hearing. The audiences can only get what is shown in the movies but can’t think outside the box for more creative thinking. The readers can have different feedbacks to the story, but the audiences can only agree with the movies; therefore, reading books and watching movies make the readers or audiences response differently. Watching movies can save a lot of time, but reading books could take a long time depending on the speed of reading. For those who can’t read fast, they would prefer watching movies. A movie will take about two hours, but reading a book could take more than two weeks for some readers. People think reading books and watching movies are the same, so they will choose to watch the movie for their time’s sake. Watching the movie can give them a better picture about the story because it is visual and is within a shorter period of time; therefore, the audience can remember the story easier. Besides, movies keep on renewing every week, but a new book needs to be written and published which will take a long time. That’s why people who like new and fresh things will prefer watching movies. Although watching  movies seems to be more convenient, but people are still reading books. The reason is that books give more details to the readers and usually reveal more characters that are not shown in the movies. Movie producers need to cut away some details because they need to squeeze everything into one to two hours. Books can attract the reader to continue reading and give some suspense so that the reader will be hooked or tempted to finish the book to find out the truth. Reading books can improve the reader’s writing and reading skills, but watching movies brings nothing else but entertainment. Before movies were invented, most of the people read books to entertain and improve themselves. Since movies came out, people are attracted by the beautiful and colorful graphics in the movies but have forgotten the books which are full of details and meanings. People are too obsessed to the shortcuts and mirth’s from the movies, but maybe they should just grab a book, sit down, and read a good book. In my opinion I rather have the time to sit and enjoy reading a great book full of entertainment. In most cases people would watch the movie which tells the story in a short amount of time which is more convenient for them. Either they’re lazy or careless about reading the whole book ful l of fun and detail. That how I enjoy the full version of the story in which I take my time to enjoy.