Financial Crisis in South Korea Essay Example | Topics and Well Written Essays - 2250 words

Financial Crisis in South Korea - Essay ExampleIndonesia, South Korea and Thailand were the countries most affected by the Asian economical recession. The economic growth of Indonesia slowed down from an average rate of between 5% and 7% to 4.7% in 1997. Forecasts for 1998 and 1998 showed a negative 12% growth, and inflation rate was predicted to soar to 66%. In 1998 rupiahs determine declined by 80%. As a consequence of the devaluation, the countrys foreign debt multiplied.. Simple economic theories would explain how the devaluation of tical affected other economies. A devaluation of any local currency implied an increase in the cost of imports. stretch call downd that in Thailand, such devaluation meant inflation in fuel and food. Reports said that overall prices soared 4.9 percent in July 1997 from the previous year. The surge in rice and flour prices was even higher, at 42%. In the Philippines, reside rates reached 33.5 percent in September 1997 from the previous weeks 12 pe rcent. This was for the peso to sustain its value or at least slow down its decline. Inevitably, interest rates on credit cards, mortgages and personal loans would withal increase. Malaysian Prime Minister Mahathir Mohamad blamed the IMF for the economic decline. He believed bracing the stock market with state-supported pension money would resolve the issue. Martin Hart-Landsberg and Paul Burketts Economic Crisis and Restructuring in South Korea Beyond the Free Market-Statist delve offers an analysis of the causes, nature and consequences of the restructuring process of post- Asian crisis South Korea. In the process of identifying the causes, the authors discussed the various aspects of restructuring and reform. The article canvas the cause of the countrys monetary decline from twain standpoints the... Researchers proposed fiscal-crisis models as long-term solutions for South Korea and as tools to forecast economic conditions. There were two models the weak-fundamentals view an d the financial-panic view. Based on the weak-fundamentals perspective, a countrys weakness in macroeconomic or financial fundamental triggers the abrupt backflow of capital. This called for radical reforms and support to see things through. On the other hand, the weak-fundamentals view predicted a slow recovery because it took a while before creditors and other financial institutions were able to complete the auditing and accounting process and recognition of losses was not made instantly. However, economists claimed that neither of the two views above proved helpful in the Asian-crisis recovery. The fast recovery of Korea since the economic recession misrepresents the observed hearty and political developments. The election of Kim Dae Jung to power symbolized the bureaucracys adoption of a politically neutral institution. The state has manifested social maturity by valuing loyalty to the institutions of governance as opposed to loyalty to the institutions of the few favor groups .

How UML and Agile Development fit together Essay

How UML and Agile Development fit together - Essay Example2. How jackpot software product affect both ware development and product management? In the current war-ridden environment, development of products that win the appeal of the customer is very important for success in the market. On the some other hand, the success of any product is dependent upon the skills and competencies of the product manager the latter is responsible for development of products. The product development and management process includes processes such as product requirement definition, release definition, and product animateness cycles. However, product development and management is complex and includes numerous stakeholders, responsibilities and processes. This means that contemporary product managers have to be heavily assisted by technology, including appropriate software (Gorchels 23). There is need for the right kind and faction of software to be applied for the desired product to be achieved. 3. List and explain the common tasks performed during software designerure. approximately of the common tasks performed during software architecture include Proposal development A software architect develops proposals for new software based on new product needs or customer requirements. construct This involves the design and creation of new software on the basis of proposals made. Software realization This involves supervision of the all in all process of software development from design through creation up to the point that the software is train to be launched. Software validation A software architect plays the role of validating software for a company especially when such software has been outsourced or is new. This involves ascertaining the effectiveness of the software and ensuring it is fit for purpose. Report composing The software architect is charged with producing periodic reports during the course of software development. 4. What are the common inputs, constraints, and outputs found during architectural problem solving? Software design inputs are very helpful towards formalization of architecture requirements and constraints. few of the common inputs in software design include use cases, usage scenarios, practicable requirements, non-functional requirements, and technological requirements (Clements et al. 72). Some common constraints in software design include poor technology, fast changing scenarios and unanticipated functional or non-functional requirements. 5. Why is it important for software architects to be familiar with the discipline of requirement applied science? Requirements engineering is main(prenominal)ly concerned with the identification and communication of the purpose of a software-intensive system, and contents in which it will be used. Basically it acts as the bridge between the need of software users, customers, and other groups affected by a software system, and opportunities and capabilities provided by software (Malan and Bredemeyer 1). It is important for software architects to be familiar with requirements engineering because it provides them with the opportunity to witness how to bridge the gap between what users need and system design to meet those needs. 6. What are the four main activities performed during requirement engineering? Explain. The following activities are performed during requirement engineering Requirements discovery Involves Requirements analysis this involves

Realistic representation of psychological concepts in the film A Essay

Realistic commission of psychological concepts in the convey A Beautiful Mind - Essay ExampleThe story of the film is devoted to what can be evaluated as a heroic life story of an outstanding mathematician bathroom Forbes Nash, haunted by both his genius and manifestations of insanity so prominently coexisting in him. On this background, a careful viewer can discern in the film fine elements characteristic to some(prenominal) psychological concepts and theories, such as for instance a depiction on the concrete example of Nash of versatile symptoms related to a psychiatric correspond of schizophrenia, the involvement of the films protagonist into social relationships network that often challenges his kind disorder, and the psychological processes associated with what is known as cognitive dissonance.The film A Beautiful Mind opens when fanny Forbes Nash (Russell Crowe) is assay to come up with some original concept at Princeton. We can immediately see the marking of genius in him, but at the same time it is clearly visible that Nash is often weird, restless in terms of social interaction, and painfully competitive. In fact, even though John has friendly relationships with some(prenominal) students, his only faithful friend is his roommate Charles. After some time, the mathematician comes close to elaboration of an original, pioneering and promising lift to game theory, and his successful scientific future seems warranted. John obtains a position at MIT, and gets involved into a hush-hush political program aimed at code-breaking research. During his such a secretive occupation, Nash is dealing with William Parcher, a top-level govern psychogenic agent who attempts to employ Nashs talents for national security tasks. At MIT Nash gets acquainted with Alicia (Jennifer Connelly), a lovely and remarkable student. They link up eventually, but their happy life gets under the threat when John is diagnosed with schizophrenia and is apparently falling into ins anity. In a psychiatric hospital Nash undergoes therapy through electroshock to get rid of his delusions, but he save finds it next to impossible to work or be a proper husband. Besides, as soon as he ceases to take his medication, the delusions come back. But despite all that, his wife Alicia provides a great keep going to him as he does not want to be again hospitalized, and with time John learns how to control his delusions. Finally, when John Nash is granted a Nobel Prize in economics he can be said to withdraw gained the greatest victory of his life, but the one which he could hardly achieve without the love and help of Alicia. mental concept 1Perhaps the most stunning display that the film provides is that of a debilitating condition of a person suffering from schizophrenia, a psychiatric term that is used to describe a mental disorder with various symptoms that in combination lead to changes in the reality perception and to consequent impairments in common social functions of an affected person. The very word