Music Appreciation Essay

Sound †any impression that is seen by the aural faculties. †Physically, solid is vibrational, mechanical vitality that travels through issue (normally air) as a wave. The Hearing Process †Vibration, resounding, transmission, gathering, understanding, music shows up. Pitch †relative height or lowness of a sound, speed of vibration. Tone †a sound that has a clear pitch. Span †the separation in pitch between any two tones, ex: half advance. Highlight †accentuation on a specific tone. Tone Color/Timbre †nature of sound that recognizes on instrument or voice from another. †tone differentiate, one instrument versus another. Elements Associated Terms †Degrees of commotion or mellow in music: Pianissimo (pp) †delicate Piano (p) †delicate Mezzopiano (mp) †respectably delicate Mezzoforte (mf) †respectably noisy Strong point (f) †noisy Fortissimo (ff) †boisterous Crescendo †step by step get stronger Decrescendo †step by step get milder Chordophones †make their sound when an extended string vibrates. †there is typically something they causes the sound to resonate, for example, the body of a guitar or violin. †the strings are set into movement by either culling, playing or by scouring with a bow. Membranophones †Any instrument that produces sound essentially by the method of a vibrating extended layer. Ex: kettle drum Roto toms non-pitched drums catch drum (S. Dr.) tenor drum (T. Dr.) field drum (F. Dr.) bass drum (B. Dr.) Tom-Toms Bongos Timbales (Timb.) Conga Drums Tambourine Idiophones †Ex: Marima Crotales Steel Drums Cymbals (cym.) Suspended Symbol Hey Hat Finger Symbols Triangle (trgl.) Blacksmith's iron (anv.) Cowbells Hat Tam (t.t) and different Gongs Sleigh Bells (sl.b.) Ringer Tree (bl.t.) Brake Drum (br. dr.) Thunder sheet (th. sh.) Rachet (rach) Wood Blocks (w.bl.) Sanctuary Blocks (t.bl.) Claves (clav.) Castanets (cast.) Maracas (mrcs.) Guiro Whip (wh) Aerophones †any instrument that produce sound essentially by making a collection of air vibrate. first class: where the vibrating isn't contained in the instrument itself. Ex: Harmonica second class: where vibrating air is contained by the instrument. Ex: Flute Distinguish Basic String Instruments †Violin Viola Cello Twofold Bass Renaissance Lute/Music Dulcimer The Koto-Koto Music The Sitar Distinguish Basic (Wood)Wind Instruments †Piccolo Woodwind Clarinet Bass clarinet Oboe English horn Bassoon Distinguish Basic Percussion Instruments †Timpani Xylophone Catch drum Bass drum Cymbais Distinguish Basic Keyboard Instruments †Piano Funnel organ Harpsichord Documentation/Identify Basic Symbols Staff/Identify Lines and Spaces Timing scheme Meter-7,6,5,4,3,2 Downbeat Tied versus dabbed rhythms Off-timing Rhythm Metronome Arpeggio Half-Step Entire Step Surface Polyphony Monophonic Homophonic Heterophonic Contrast Key Significant versus minor versus chromatic scales Key Signature Regulation/Key Change Harmony/Progression Amicability Consonance Cacophony Predominant Chord Tonic Chord Sub Dominant Chord Melodic Form/Ternary/Binary Expression/Antecedent/Consequent Rhythm Tune/Theme Must Be Prepared to Write Scales and A Chord Progression I â€IV-V-I on the staff. Be set up to embed the Minor harmony. Four pads or sharps is the maximum. . Must be set up to distinguish instruments and the families they have a place with.

Abuse of power Vs Spiritual Redemption Essay Example for Free

Maltreatment of intensity Vs Spiritual Redemption Essay The Tempest is brimming with various topics that work impeccably to draw out the authority of Shakespeare. Be that as it may, two topics that hang out in the play, and they have been the wellspring of much discussion throughout the years. The two subjects are sponsored with mind boggling, pinpoint exact proof over the strength of the other. Throughout the years, researchers have thought that it was difficult to choose one subject being prevailing over the other, however with an examination of the proof introduced on the two tallies, the choice is left to the peruser of the play or the crowd so far as that is concerned. The principal topic that stands apart is; otherworldly reclamation and generosity. It tends to be clarified in the play through the character Prospero whereby he battles, loses his realm, finds another and gains from his past all together not to have history rehash itself. On the planet peaked by The Tempest, through Prospero, Shakespeare attempts to look at the human state of transgression, reclamation and altruism. Toward the start of the play, the crowd is made mindful that Prospero was a Duke of Milan however his sibling Antonio, with the king’s assent, removed his Dukedom from him. During his residency as Duke, Prospero was more worried about instruction and enchantment than he was administering his realm. Thus, Antonio had the option to exploit and prevail upon the hearts of the individuals of Milan, which subsequently prompted the usurping of Prospero from his dukedom, yet with assistance from the King of Naples. Prospero was then banished with his girl Miranda, on a destroyed pontoon where they wound up on an island. Here, Prospero took in the estimations of power by transforming Caliban into a slave under his order. At a certain point, his slave close by two other men attempted to slaughter him yet he controlled them and adjusted their perspectives totally. At the point when the wrecked men had been brought to him, he could have decided to get his vengeance and murder them, yet he was thoughtful to them. In this manner, Prospero discovered reclamation for his transgression as a formerly bombed ruler. The other subject that stands apart is that of Colonial Abuse of Power. In pretty much every scene, there is a depiction of intensity whereby there is a character that has control over the other. The relationship of Prospero and Caliban is that of ace and slave and this stands apart all through the play, where Caliban submits to Prospero. The Tempest uncovers the topic of colonization when in 1610, the Sea Adventure to Virginia finished in wreck in Bermuda. Additionally, the re-arranged word of the name Caliban is gotten from the name savage which shows a distinction in societies. This likewise shows Caliban was the local of the island that Prospero had stood up for himself as lord. Propsero’s relationship with Ariel likewise showed the extraordinary topic of intensity. Ariel is a soul yet she is accommodating to Prospero, by saying â€Å"All hail, Great master† In the two topics, there is sufficient proof to warrant a conversation, yet to my conclusion, I believe that the topic of profound recovery and altruism is generally predominant. Principally, this is on the grounds that the utilization and maltreatment of intensity is a well established custom that never seizes. Be that as it may, the demonstration of Prospero indicating leniency stands apart in light of the fact that as sovereignty, there is a need to show lowliness and settling on choices not out of feeling, however out of reason. Consequently, the subject of otherworldly recovery and generosity is generally persuading in all habits and rights. Source report

making dumplings

making dumplings DOUGH: clean your counter and wash your dishes wash your hands too pour a few cups of flour into big bowl add one cup hot water knead add another cup of hot water knead some more keep kneading (more fun with music and friends) keeping adding water and kneading until all the flour is incorporated and the dough is smooth and elastic make the dough into a few big lumps. put the lumps in a bowl cover with a wet towel and let sit for a few hours FILLING (VEGETARIAN): obtain mushrooms of various types. shiitake is pretty good. obtain scallions obtain some kind of asian vegetable bok choy or napa cabbage. wash it. obtain some firm tofu obtain some carrots ginger too. ginger is important. garlic can also be nice chop everything up into fine pieces mix it in a big pot beat two or three eggs and add that too add soy sauce and sesame oil to taste (optional) FILLING (MEAT): obtain ground pork obtain some kind of asian vegetable bok choy or napa cabbage. wash it. chop up the vegetable into fine pieces mix it with the ground pork add chopped ginger and soy sauce and sesame oil and scallions to taste (optional) WRAP THE DUMPLINGS: when the dough has settled, separate it into a few manageable sections roll out the sections against the counter until you have little dough-snakes separate the little dough-snakes into pebble-sized dough nodules use a rolling pin to flatten the nodules into circles, thin on the outside and thick in the center now you have dumpling wrappers! wrap the filling in the wrapper (try this  or this for guidance, but it doesnt really matter as long as it doesnt leak) repeat until you have lots and lots of dumplings sing taylor swift songs while you work COOK THE DUMPLINGS: there are lots of ways some people like pan-frying them do this by adding oil to a pan and putting the dumpling in make sure to cover the pan so the steam will cook the dumplings evenly other people like boiling them boil some water and put the dumplings in wait until the water boils again, then add a splash of cold water to stop the boiling wait until the water boils again, then add a splash of cold water to stop the boiling wait until the water boils again, then add a splash of cold water to stop the boiling yes, do that three times wait until the water boils again and take the dumplings out freeze all the leftover dumplings in a tray, you can cook them later EAT THE DUMPLINGS: use dipping sauce of choice (soy sauce + sesame oil + balsamic is pretty good) argue with all your friends about what the best filling recipe is (special thanks to the toons) (and the gorgeous airbnb in new hampshire we visited last weekend) (and margie and lauren for their photography)

The Nature Vs. Nurture Debate - 2673 Words

We all have parents that take care of us, giving what we need making sure that what life throws at us than we know how to respond back and interact with society. Involvement in society at a later age is dependent in which one is raised, so the parents have a big part in raising their kid making sure they are having proper social interaction. Any amount of social interaction is going to have a positive benefit, for young kids or any age. One of the most famous debates in Psychology is the Nature vs. Nurture debate, which has been going on since the time of Aristotle. The aspect within this debate comes to the question of; did the aspects of our behavior become because we inherited our characteristics from our parents know as the Nature? The other question leads up to our behavior of; did we get our characteristics from what we learned from the environment through experience? Both of these arguments are neither right nor wrong and can work in many situations. People known as empiricist s look towards the human mind saying that at birth the mind is a tabula rasa, meaning a blank slate and filled up with the result of experience and supporting the Nurture aspect. So when an infant forms an attachment with the mother than he/she is responding from the love and attention, which the mother is giving to the infant. This interaction goes along with the language and any other thing the mother does towards the infant. The infant starts imitating the speech of others and the cognitiveShow MoreRelatedNature Vs. Nurture Debate1427 Words   |  6 Pagesparents use authoritarian methods and punishment.† The nature Vs nurture debate has been around since 1690 created by the philosopher John Locke who believed we as humans do not have natural, inborn ideas; that our minds are a blank page, upon which experience shall write. Nurture is everything and nature is simply nothing. â€Å"Nature is what we think of as pre-wiring and is influenced by genetic inheritance and othe r biological factors. Nurture is generally taken as the influence of external factorsRead MoreNature Vs. Nurture Debate878 Words   |  4 Pagespersonalities and traits produced by genetics or shaped by the environment? Or, is there a relationship between nature and nurture with regards to child development? The debate continues. While some believe â€Å"nature and nurture work together, others believe they are separate and opposing influences† (McDevitt, 2010). Nature vs Nurture In regards to the nature vs. nurture debate, â€Å"this debate is a major issue in many social science disciplines and is concerned with the influence that biology, geneticsRead MoreNature Vs Nurture Debate1291 Words   |  6 PagesHow is the nature vs nurture debate related to a consideration of the mental disorder, schizophrenia? INTRODUCTION Schizophrenia is categorized by thoughts or experiences that seem abnormal with reality, disorganized speech or behaviour and decreased participation in regular daily activities. Difficulty with memory and concentration are sometimes also present. The two hit hypothesis generally refers to a genetic vulnerability, which is known as the first hit, triggered by something in the environmentRead MoreNature Vs Nurture Debate1343 Words   |  6 Pagescontroversial to psychologist since the phrase was created in 1869 is â€Å"Nature vs Nurture†. Although the debate was started well before then, 1869 was the first time it was tied to the debate. The nature vs nurture debate is over whether you get your behavior from genetics, what you inherited from your biological parents, or if they are learned characteristics, what you learn from the environment and what you get taught. The debate can be traced back to early western philosophy and is still relevantRead MoreNature Vs. Nurture Debat e1332 Words   |  6 PagesNature vs Nurture debate is one of the oldest arguments in the history of psychology. The debate is about to know if our personality and talents come from our parent or environment? The coding of genes in each cell in humans determine the different traits that we have, more physical attributes dominance like ear size, eye colour, , height, hair colour and other traits. However, it is still not known whether the more abstract attributes like, intelligence, sexual orientation, personality, preferencesRead MoreNature Vs. Nurture Debate1863 Words   |  8 PagesNature vs. Nurture Albert Camus once said, â€Å"Man is the only creature who refuses to be what he is.† But what makes man what he is? Is it his sheer genetic makeup, or is it the way he was raised? The nature vs. nurture debate has raged on for centuries, but neither side has been able to prove their point indefinitely. Even today we see displays of the contrast between genetics and learned behaviors, in athletics, in intelligence, in behavior, in medical history, and in work ethic. Each personRead MoreThe Debate On Nature Vs Nurture Essay1435 Words   |  6 Pagesdubious history of the debate on nature vs nurture continues to be a controversy, more and more psychologists start to rise from both sides of the argument. The earliest evidence can be traced back to the time of John Locke, who believes that our minds are blank slates and only experience can write override it. Despite the main focus of the issue being how environment transact to influence development, psychologists today cont inue to argue on the issue of nature vs nurture. Intelligence is more ofRead MoreNature Vs. Nurture Debate2114 Words   |  9 PagesNature vs. Nurture Albert Camus once said, â€Å"Man is the only creature who refuses to be what he is.† But what makes man what he is? Is it his sheer genetic makeup, or is it the way he was raised? The nature vs. nurture debate has raged on for centuries, but neither side has been able to prove their point indefinitely. Even today we see displays of the contrast between genetics and learned behaviors, some of which are athletics, intelligence, medical histories, etc. Every person is completelyRead MoreNature Vs. Nurture : The Debate Of Nature Versus Nurture895 Words   |  4 PagesNature vs. Nurture The debate of nature versus nurture has been an ongoing debate for a long time. When applying this argument to education there is no proven winner. The nature side of the coin believes that a person is born the way that they are. This could include intelligence level or personality traits such as being outgoing or shy. The other side of the argument of nurture believes that the type of upbringing that someone has will play a large role in the way they develop. It is thoughtRead MoreThe Debate Of Nature Vs Nurture1364 Words   |  6 PagesThe ongoing debate of Nature vs Nurture is one of the oldest philosophical issues. The nature theory argues that all genes, and hereditary factors, influences an individual in terms of their physical appearance to their personality characteristics (Cherry, 2017). Conversely, the nurture theory argues that all environmental variables impact who individuals are, including early childhood experiences, how individuals were raised, social relations hips, and surrounding culture (Cherry, 2017). However

Ethical Implications Of Genetic Engineering - 1811 Words

Genetic engineering holds the potential to allow humanity to solve countless problems in both our environment and within ourselves. Humans have been practicing one for of genetic engineering or another since prehistoric times and as technology as developed, we have increased our ability to make more targeted modifications. All of this potential isn’t without hidden dangers as the effects of our genetic manipulation of nature have yet to be fully realized and may never be. Should we continue on our course of exploration and discovery in the field of genetics? Should governments tightly restrict or outright prohibit any attempts at manipulating life on this planet? Maybe some balance of both? While there will always be risks involved in any procedure that involves the manipulation of an organism’s genome, the potential benefits have almost limitless possibilities. Governments should allow experimentation in genetic engineering for the betterment of mankind while also main taining oversight to ensure potentially deadly consequences can be mitigated. Humans have been domesticating and thereby genetically manipulating their foods since at least ten thousand years ago with the domestication of wheat (Hirst). Taking place in the Middle East, this artificial selection most likely started as an observation of which wheat plants took longer for their hulls to open and then selecting grains from those plants to plant again. By selecting for the plants that took longer to open, thisShow MoreRelatedGenetically Modified Animals : Genetic Engineering1518 Words   |  7 PagesIntroduction In this research paper on gene technology I hope to share some understanding in the process of gene transfer in animals, the process of obtaining genetically engineered animals, and analyze the social and moral implications associated with this gene technology in animals. 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A key word to note is â€Å"attempt† because ScotusRead MoreDna And Ethics Of Recombinant Dna1601 Words   |  7 Pages Recombinant DNA and Ethics Brooke Boland BIO/410 - Genetics October 23, 2017 Miranda Gauthier Recombinant DNA and Ethics Recombinant DNA technology has become a powerful influence to many fields including medicine, pharmaceuticals and agriculture. Genetic modifications of plants, animals and other organisms have allowed scientists to improve the quality of human life. As genetic engineering continues to rapidly grow, many ethical, social and legal issues arise evaluating the risks andRead MoreHuman Genetic Engineering At The Germ Line Of A Family1267 Words   |  6 PagesContinuous advancements have been made in these fields, and thus contribute to human genetic engineering. 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The benefits of gene therapy are clear toRead MoreGenetic Engineering : Medical Perfection Or Playing God1280 Words   |  6 PagesThesis Statement â€Å"Genetic engineering differs from cloning in key ways. Whereas cloning produces genetically exact copies of organisms, genetic engineering refers to processes in which scientists manipulate genes to create purposefully different versions of organisms—and, in some cases, entirely new living things†, duplication of genetic cells is known as human cloning. Development of genetic engineering biotechnologies undermines the natural autonomy of life. Does genetic engineering interfere withRead MoreThe Global Responsibility Of Recognizing Pandora s Box1124 Words   |  5 Pagestantalized with the risks and possible benefits of what lies behind, between, beyond. Growingly, skeptics vocalize their fear of opening a Pandora’s Box of new technologies and the ethical and ecological disturbances that might ensue. In global debates we seek to answer the question: when has technology and engineering gone too far? And in the wake of what some call a god-like ability to re create and alter what already exists in nature: to what extent is it permissible to do so? The answer to theseRead MoreGenetic Engineering And The Human Existence1193 Words   |  5 Pages Why is genetic engineering crucial to the human existence? Initially, genetic engineering, also called genetic modification, is the process of manually adding new unique DNA into an organism. The objective is to add one or numerous new traits that are not already constructed in that particular organism. 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In a nutshell genetic engineering is the modification of an organism s genetic composition by artificial means, often involving the transfer of specific traits, or genes, from one organism into a plant or animal of an entirely different species. This topic has been researched for decades but still has quite some time to be fully mastered in all possible circumstances. When I think of genetic engineering I think of different

Global Organization Management in the Year 2000 Free Essays

string(74) " eventual long term goal is to increase long term commitment to the firm\." â€Å"Technological advances at the end of the 20th century have allowed companies to globalize, facilitating the sale of their goods and services in foreign markets. Communications, empowerment, and learning will be the three greatest deciding factors in the success of these new multinational firms. † To be more successful in business in the global environment, it will be necessary to expand to the global market. We will write a custom essay sample on Global Organization Management in the Year 2000 or any similar topic only for you Order Now An increase in production, sales and profits are some of the compelling reasons why most companies will seek to go beyond the limited sphere of strictly selling to US consumers. But as companies in the year 2000 and beyond will surely find out, it isn†t always easy to manage an organization when the work force and management teams are thousands of miles and an ocean away. Consequently, there are a few strategies that can ensure the success of a business located in the global market. First of all, the 1990’s have already taught us that people are proud to work for companies that treat them well. They become linked to companies in more than an employer/employee relationship — they come to feel as if they are truly a part of an organization; not just one of the employees. In the year 2000 and beyond, it shall be the presence of this feeling more than any other that sets excellent companies apart from the ordinary, and therefore less successful. Companies which are expanding to the global market will need to make all the positive contributing employees feel more than just workers. One thing that employees in the future will – more than ever — ask themselves continually is how personally beneficial or detrimental their work environment is to there wn well-being. By establishing a research study to investigate the psychological climate of the overseas workplace, several important factors can be established which will help in the effective management of the global firm. More than ever before, employees in the global will show a genuine appreciation for fairness within their workplace, as well as some amount of recognition for a job well done. This is especially important when the parent company is located in another country. The prevailing attitude may be that the new organization isn†t as important to company success, simply because the head of the organization isn†t a daily, or even monthly, presence at the workplace. By recognizing the achievements of foreign employees, employers will ensure that their global family feels appreciated and part of the team, which in turn will create an atmosphere where the employees take pride in their work, and feel as if they are an integral part of the entire production process. There may also be problems with job stress, or harmony within the work group (possibly a lack of warmth and friendliness which does not provide a pleasant working environment). All these potential problems are part of the psychological climate within a workplace already, and will need to be addressed as part of an effective management program of a global organization in the future. Every day, employees will form a perception of how their organization values them in their contributions. It is important that these global employees feel that the organization cares about their well-being and is willing to fairly reward their loyalty or effort. How the global employees will perceive this support from the parent organization is important to them as they try to understand their role in the production process. Maslow (1954) argued a hierarchy system of human needs. The hierarchical needs are fixed from the bottom to the top. The bottom is physical needs; next is safety and security needs; third is social needs; forth is self-esteem; and fifth is self- actualization. Maslow’s theory suggests that an individual’s motivational needs aspire to the next level once the lower level needs have been achieved. The global firm must address the needs of the foreign and expatriate worker, to keep their commitment to the organization. The individual wants money not just to live on but also acquires some degree of personal satisfaction from earning it. Money will be used for housing, foods, and health care, for himself and his family. Receiving an increase in salary will contribute to the individual’s status and self-worth, both of which are identified needs that require satisfaction. The overlapping areas in the motivation model suggest that the Maslow’s needs are satisfied simultaneously. There are three overlapping areas in the model, an overlapping of individual needs and external influences, an overlapping of individual needs and business, and an overlapping of individual needs, external influences, and business. The first area includes the physical needs, the safety and security. The second area includes the social needs. The last area includes self-actualization and self- esteem because the two needs are satisfied when the three factors are met. Furthermore, a size of each overlapping area can explain management’s attempt to satisfy the degree of employees’ needs. The global firm must attempt to satisfy the needs of all the workers, not only in monetary terms, but also in fulfillment of self worth. All the workers should not just feel as if they are a ‘cog in the machine†, but part of the whole process. The expectancy theory presented by Vroom (1964), is a frame work for our ideal global firm to operate within. We assume performance, reward, and satisfaction are interconnected. The theory suggests that an increase in effort leads to increasing performance and then proper rewards with satisfaction help keep the relationships. The factor not taken into account is the relationship between a person and external influences. The relationship between performance and rewards relates to the interaction between individual needs and business. Our global firm will provide a systematic rewards process which meet the individual needs as performance occurs. The size of the overlapping area of individual needs and business can illustrate the degree of matching individual needs and the respective rewards. Our eventual long term goal is to increase long term commitment to the firm. You read "Global Organization Management in the Year 2000" in category "Essay examples" If workers meet goals, and targets they will be rewards. The global firm does not want to lose good workers. It is hard enough to maintain a domestic workforce, finding and maintaining a global workforce is an immensely large task. Employee perceptions of the global organization organization†s support will strongly influence their commitment to the organization. When they see the organization as being supportive of employee efforts, this also affects and influences their attitudes and behaviors. How employees perceive support from the organization is directly influenced by positive feedback from the organization. As in everyday life, praise and approval for a job well done is the best way to let people know they are appreciated. This is very important in global management to increase employee morale. This positive feedback lets the employee know that the organization recognizes and values the contribution of their global employees — a key message in all forms of support. The 21st century organization will find it helpful to take monthly surveys of the global employees in which to get their assessment of the employee-organization relationship, and if they feel there is positive feedback or communication occurring within the organization. When an employee feels that the management†s actions and policies communicate employees are easily replaced, he or she may feel well-being within the workplace, and be less likely to identify with the organization. It is important for global employees to feel as if they play just as much of an important role within the organization as does the core group of employees in the home base organization. If an employee perceives top management communicates consistently — and in several different ways — that employees are valued, he or she may feel increased well-being and report a stronger identification with the organization, which would result in better performance and a company loyalty. ). Concern and caring for employees can be communicated through statements sent to the foreign workplace from organization. Loyalty to the company can be reinforced by publicly recognizing employee achievements in company newsletters. Organizations can also communicate their support of their foreign production team by providing tangible benefits, such as child-care facilities or flexible work arrangements. This allows employees reducing uncertainty about their jobs through job training or information about what would happen if the company had to layoff a certain number of employees. Overseas production teams will assume responsibility in the event of profit or losses. The global team would be the first to be cut. Knowing ahead of time that there is an established plan for handling such a possibility will go a long way in increasing employee feelings of well-being and loyalty to the company. Ambiguous policies, on the other hand, only serve to promote uncertainty among global employees. It is also important to understand how organizational events are interpreted by employees, which can lead to increased understanding of the organization and improve the employee/employer relationship. Organizations of the future allowing global teams to be part of the decision-making policies and practices will generally have more supportive organizational climates. This shall show the foreign production team to feel they are part of the entire organization and not that the parent organization is deciding for them on work practices and policies, which don†t directly affect the organization as much as they would affect the foreign team. Allowing the global team into the decision-making process will signify management†s respect for them as an important part of the entire organization. Positive evaluations of employee value and their decision-making abilities are also important. Participation in decision making is related to increased motivation and increases in employee attitude toward commitment to the organization. One of today’s biggest buzzwords is â€Å"Teams†. Most companies are leaning toward a team concept. One way to enforce teams is by empowering employees. Many companies striving to edge their competition are turning to the empowered employee teams initiative. The difference between a group and a team must be understood. A group is two or more people who interact to achieve their goals. In contrast a team is a group in which members work together intensively to achieve a common goal. Therefore the fact that there is no camaraderie in the groups is not only because of the lack of proper interaction and understanding but also because of the fact that workers are not trained enough to realize the importance of working in groups. The difference between groups and teams Groups work individually to achieve a common goal, or target. Teams work and communicate together to achieve common goals. The global organization must achieve form teams, and not groups. The global empowered teams will be part of a much larger global composition of teams that will form the companies network. In the global organization empowered teams will make the difference between the company being a multinational that meets the regional demands, or an international corporation. Regional needs will be satisfied because the teams distributed throughout the world will be responsive to the needs of the customer. The ultimate goal of the corporation is â€Å"to market itself globally, but act locally. † (Stein, 1999) Most businesses want to achieve total customer satisfaction by anticipating and solving a problem before it occurs. Thus a new kind of team has emerged with the goal of insuring customer satisfaction from the start. In the global environment empowered teams will be able to react regionally to the needs and wants of the consumer. Empowered teams are built with empowered people whom have the authority and autonomy to make significant changes within the organization. The global teams will consist of several members from different functions. Instead of one individual making decisions, the group or â€Å"team† makes decisions collectively with the middle manager position eliminated or acting as the coach. The use of these empowered regional teams is to solve problems, lower costs, increase quality, and ultimately improve customer satisfaction. The global team will understand the national culture of each individual country it operate in. They will identify that particular set of economic, political, and social values that exist in that nation. Throwing people together does not always mean they should be called a team. They must first be made up of the right people who understand and can define a task. The strength of the team depends on proper training, timing, and communication. Before a regional empowered team is created, the goal of the company and mission of the team must be defined. The top management must identify how much of empowerment is needed, and recruit the best people to work on the problem. For a team to work successfully it should ideally be comprised from a diversified workforce. The diversification will facilitate more idea†s and openness with the team. An article in the Wall Street Journal mentioned Honda, Motorola, and General Electric as examples of companies who form diversified empowered teams. Honda motor company for example, attempts to compose it each of teams from a minimum of three different countries. This allows Honda to incorporate regional needs, and use other non regional concepts. Recruiting the right people, and insuring they represent the cross-section of discipline†s and regional diversity is very important. One person missing out of this formula can ruin a team. Within every team, a cross-functioning method must be used for the team to be successful. If one of the team members is hard to get along with, they still can be beneficial to the team. Everyone’s input is important, the output of the team is greater than any individual’s output. A strong facilitator is also needed on the team. The facilitator guides rather than leads. Usually middle management, this person is set equal to the other members of the team. The facilitator must recognize and understand each member’s participation, as well as, coordinate the reporting progress. In order for team to be successful, senior management must be committed to recognize the team should be put in charge. This is done only when senior management defines a specific goal for the team to strive for. Too much management can kill a team. The team might spend more time on reporting the progress than the task that needs to be completed. Middle management is the biggest obstacle for teams. To be successful, middle management must surrender its power and let the team empower themselves. Setting time limits are also important to the team success. Never let a team go beyond six months, everyday should be treated as an important day. Training is also important for team to succeed. Everyone in the organization, including all suppliers must work together to improve customer satisfaction. Outside vendors should be reminded that increased sales by the corporation will lead to increased revenue for them. How to cite Global Organization Management in the Year 2000, Essay examples

States regulatory response to the current financial crisis

Introduction The current economic crisis, commonly referred to as the Global Financial Crisis, continues to affect billions of people in the world. With various leaders engaging all their efforts to salvage the situation, it is doubtless that the crisis has significantly impacted the world economy negatively. It has arguably been considered by analysts as the worst financial meltdown since the Great Depression that was experienced in 1930s1.Advertising We will write a custom essay sample on States regulatory response to the current financial crisis specifically for you for only $16.05 $11/page Learn More This crisis started during late 2000s with recent years having been proven to be tough for most countries, especially within the Euro zone. Due to the inter-connectivity of world economies, these effects have spread to every part of the world including Asia, America and Africa, forcing the adoption and implementation of mitigation strategies by several c ountries2. The need to deal with the current economic crisis was principally necessitated by negative effects, which stemmed from the dwindling financial situation in most countries around the world3. At the peak of the crisis, large financial institutions collapsed as the rate of unemployment rose to unimaginable levels in the world history. Although every sector of the economy has been affected by the crisis, it is believed that the housing market suffered adversely, resulting into foreclosures and forceful eviction since most people were not able to clear their mortgages4. This essay explores major regulatory responses towards the current financial crisis by various states in the world. In this analysis, four countries including Greece, Germany, France and China will be discussed, focusing on paths that have been taken by these states to deal with the crisis since 2008. Economic Crisis in China China is one of the fast-growing economies of the world that continues to attract glob al attention and interests. Nevertheless, China has had to cope with hard economic times even as other states battle this economic menace. In understanding China’s response towards the current economic crisis, it is essential to note that the economy of China fully depends on flows from international trade and investments5. Due to its exponential growth, it overtook the United States in 2007, in terms of merchandise exportation, coming second after the European Union. With most of its efforts geared towards trade, approximately 30% of the country’s GDP has always been drawn from exports. Research indicates that nearly eighty million Chinese are employed in the export sector, making it one of the leading sources of employment in the country6.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The growing nature of China’s economy attracts enormous Foreign Direct Investors, making it the leading FDI recipient among third-world countries and the third on global ranking. This exposure to foreign trade and exports has exposed China to the current economic crisis, since it has adversely affected the country’s export markets. According to economic analysts in China, the crisis mainly affected industries, which widely relied on Foreign Development Investors. The country registered low economic growth rate in 2009, attaining an increment of 6.1% quarterly, a figure that was seen to be the lowest in more than ten years. Having been cited by the International Monetary Fund as the leading contributor towards the world economy in 2007, the onset of the financial crisis meant economic disaster to the state. China’s response Like many other countries, China took several regulatory measures to deal with the effects of the current economic crisis in late 2000s. In September 2008, it was reported by the Chinese Premier that the main reason for the measur es that were taken by the country was to maintain the stability of the economy by preventing possible fluctuations as witnessed in other countries7. This target was to bear significant boost to the world economy due to its dependency on Chinese economy. In general, the country opted to reduce interest rates charged on bank loans in order to boost the banking industry which remains vulnerable to the negative effects of the crisis. In addition, most of the regulatory options adopted by China aim at stimulating the economy, subsidizing and restructuring of certain industries, enhancing consumer expenditure and boosting of rural income among farmers8. In general, China’s response towards the financial crisis can be viewed from three perspectives, namely, political, economic and social.Advertising We will write a custom essay sample on States regulatory response to the current financial crisis specifically for you for only $16.05 $11/page Learn More C hina’s Political response As a way of ensuring economic stability, China’s political hardliners have constantly called for the re-adoption of a centrally-monitored economy that was supported by Mao in 1949 after the birth of People’s Republic of China. On the other hand, this has been seen as an extreme possibility in finding a realistic solution to the looming crisis9. Many moderators proposed the slowing down of market reforms in the country in order to realize market-oriented environment that would augment economic growth. This was also received with criticism as it was to limit business opportunities and expansion doors to foreign investors. Another regulatory response witnessed in China since 2008 has been the support for total nationalism towards the country’s economy. This attitude has been presented as an indigenous innovation policy, which promotes local technology by rooting for local purchases10. With China having huge public works projects, th e economy has been stabilized by increased local production even though this may have affected foreign trade due to its economic dependence. The relationship between China and the United States has also played part in dealing with the current economic crisis. While China had admired the US, resentment and hardened attitudes have been seen as means of guarding the country’s economy that remains at the risk of being manipulated by external forces. The two countries differed on some political issues like China’s relationship with Taiwan, with which the US had signed some military treaties, a move that has been seen by Chinese leadership as a way of exerting pressure on China11. Fiscal policy At the onset of the crisis in 2008, China introduced $586 billion in form of a package that was aimed at stabilizing the economy. Among other things, the money was to facilitate the creation of more jobs and to provide capital that was necessary to boost domestic spending in the count ry. All these factors targeted the realization of a 2 or 3 points economic growth in GDP12. The economic package also included strategies geared towards the protection of China’s top industries like ship building, automobiles, machinery, steel, textile and information technology among others. Together with this package, China considered offering of subsidies to business players through government grants, tax reduction, tax rebates, and capital support for foreign investments.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Monetary policy Since the onset of the crisis, China has considered many monetary strategies to overcome the effects of the global meltdown. For instance, the stimulus package introduced in the banking sector aimed at encouraging more banks to lend more money through loosening of banking control policies. As a way of implementing this, the People’s Republic of China has cut down quotas and interest charged in order to allow banks to lend money to individuals and companies13. Additionally, most state-owned enterprises have fully benefited from this by receiving favorable rates on borrowed loans. China’s lending response contradicts countries like the United States, which were adamant in endorsing such recommendations. Social programs In averting the effects of the crisis, China has continually implemented several social programs in different sectors including but not limited to insurance, healthcare and pension through its famous stimulus package14. In the year 2009, th e government of China ratified an expenditure of $126 billion that was to be implemented in the following year towards the creation of a universal healthcare scheme for the people of China. The scheme’s main target was to cover most of the population by 2011. Moreover, several steps have been adopted to promote rural income to close the gap between income earned in rural and urban areas. The practical aspect of this has been the offering of rebates amounting to 13% to people in local areas for the acquisition of household appliances. Development projects have also targeted rural areas to promote education, healthcare, transport and other forms of infrastructure15. Through these programs, the government of China has continuously promoted high expenditure on fuel to enhance substantive economic growth, thus taming the effects of the current economic crisis. Chinese Legal Response Besides fiscal and monetary steps that were taken by the Chinese government to tame the impact of t he current economic crisis that rocked world economies since 2008, other steps have been taken. These include the formulation and implementation of laws and regulations, aimed at guarding the country’s financial markets from both internal and external forces. For instance, the Chinese government issued a directive that would undermine foreign suppliers while promoting local companies and manufactures. This limited the possibility of Western companies from winning contracts in certain sectors of Chinese economy like wind power constructions16. Under these protective laws, the Chinese government also promotes high consumption in rural areas. Under this, households from countryside can acquire some items like electronic appliances at a subsidized cost. It is important to mention that China suffers similar challenges, which face its counterparts and business partners like European Union nations and the United States. As result, the government and other regulatory agencies merge e fforts in ensuring that they adopt more workable and realistic policies in taming the effects of the crisis. These joint efforts have been manifested in various ways. For instance, Global Financial Markets Association (GFMA) and the National Association of Financial Market Institutional Investors (NAFMII) demonstrated this spirit when they held a common meeting to deliberate the control of China’s financial market and its regulation in October 201117. The forum was attended by several economic experts from various sectors, locally and internationally. During the meeting, a wide range of issues were discussed including the impact of restructuring regulatory frameworks and policies in outside markets like the EU and the United States. Additionally, the impact of such adjustments to the Chinese economy was discussed in order to ascertain the inter-market relationships. Furthermore, opportunities and challenges facing several Chinese institutions were tabled and synthesized. Some of the institutions included but not limited to the Renminbi offshore market and the New Basel Capital Accord. The purpose of the accord is to promote the integrity of capital in Chinese financial market coupled with subsidiaries by abolishing double gearing. The meeting further discussed strategies in management of expected financial risks within the market in order to avert severe effects. The core target for NAFMII was to establish a link between China and the foreign market for easy accessibility to these trading centers. Moreover, China has adopted a joint-combat approach in which all the regulatory agencies in the country work towards realizing a stable Chinese financial market. Some of these agencies that have merged efforts include China Insurance Regulatory Commission (CIRC), China Banking Regulatory Commission CBRC) and China Securities Regulatory Commission (CSRC)18. All these agencies work in collaboration with the People’s Bank of China in achieving a common goa l. It is important to mention that CBRC was established in the year 2003 before the People’s Bank of China was tasked with supervising the banking industry in the country. As a result, several trends are applied in implementing these reforms through development of prudential policies. It is believed that the good Chinese performance towards the crisis is attributed to combined efforts. As a result, quantifiable growth rate of up to 9.5% was realized during the first quarter of 2011 and last quarter of 2010. The unemployment rate was also manageable as the country registered a low of 5% in 2010. The country has also adjusted its financial trends. Since the year 2010, the People’s Bank of China has raised interest rates and the conditions for deposit reserves as a way of responding to high Renminbi deposits. Additionally, the China Banking Regulatory Commission has moved to define the capital adequacy ratio for commercial banks. This includes 5%, 6% and 8% for core tier 1 capital adequacy ratio, tier 1 capital adequacy ratio and general capital adequacy ratio respectively19. Greece’s Economic Crisis Greece is arguably one of the most hit countries by the current financial crisis. This has seen several leaders come together to salvage the country through policies and bailouts. In understanding these regulatory responses from Euro zone members and other countries like the United States, it is important to note that Greece has experienced an avalanche of events that have finally exposed its economy to its worst experiences20. From a historical background, this situation has been precipitated by a series of cases including the failure by the government to honor its debt obligations. From a general point of view, financial crises are known to promote economic downturns, huge government deficits, reduced national revenues and attraction of other countries into the default. While analysts had projected that a sovereign debt crisis was likely to hit the economy of Greece due to its debt status, others believe that the country is already experiencing this crisis21. In May 2010, the country received a historic package when the International Monetary Fund endorsed $145 billion as a way of taming the crisis and preventing contagion of its effects to other countries in the zone like Spain, Ireland and Portugal. To safeguard these countries from the crisis, IMF further announced $636 billion as financial assistance for vulnerable countries22. Besides these international efforts, the country has also had its own regulatory responses including fiscal austerity and structural improvement options to enhance economic competitiveness. Fiscal Austerity In managing the crisis via this channel, political leaders like Papandreou have played a significant role. While in office, his government adopted strategies that were aimed at lowering the country’s deficit from 13.6% in 2009 to an approximated figure of 3% by 201423. As such, the go vernment believed that the measures were enough to restore the trust of investors and rescue the economy by 2010 without involving international intervention. However, this was not the case, forcing the government to request for financial assistance from the European Union and the IMF. In response to the call, the two bodies advised Greece to execute additional measures in order to realize the intended results. Importantly, Papandreou’s plan targeted reduction of public expenditure and ultimate enhancement of revenue growth. The government established mechanisms to realize these goals, including a major crack-down on those who evaded the payment of tax and social security contribution. In order to cut public spending, the government of Greece targeted the civil service through a number of measures, which were highly criticized by a section of its leaders and citizens. They included reduction of pension benefits, wages, freezing of the hiring process and minimizing overall bon uses to all civil servants. All these measures were undertaken in the year 2010. Besides freezing of the recruitment process, the government established a 5:1 retirement/hiring ratio in the public sector in 2011. With regard to boosting its national revenue, Greece adopted an action plan that saw the average tax rates shoot from 19% to 23% across the country. Additionally, higher taxes are being levied on certain products like petroleum, liquor, tobacco and other luxury items. According to analysts, the measures target to improve the GDP of the state by 1.8%24. Although these regulatory responses appeared workable, Euro zone members expressed their concern based on foreseen impact. While it was possible to increase the revenue through tax adjustment and regulation of the civil service, the risk of unemployment continues to haunt the country, threatening it to land into a serious crisis25. Critically, the challenge with these measures is that they are at odds with each other, i.e. cu tting down government deficits and stimulating the economy during a critical meltdown. Structural reforms In ensuring economic stability, long-term structural reforms have continually been emphasized. For instance, leaders proposed thorough reforms touching on healthcare and pension schemes together with serious scrutiny and management of public administration26. Other reforms have also been stepped up to promote employment, expansion and development of the private sector and full support of technology, innovation and research. It is believed that the target on the pension scheme was based on the fact that it was considered as the most appealing and generous system in the Euro zone27. Through these regulatory approaches, a crack-down on tax evasion was inevitable and an increase of the retirement age from 61 to 63 years. Reforms in the public service included the reduction of local administrators and Greek municipalities to 370 among other structural reforms28. Despite these program s, the situation in Greece did not respond positively, forcing full intervention of the international community, which continues to endorse huge bailout packages for the nation’s economy. Germany’s Response to economic crisis Like many other countries within the Euro zone, Germany has had to endure the effects of the economic crisis, which is believed to have widely endangered the European economy. Due to the looming impact of the financial situation, Germany joined other countries in erecting preventive measures in order to avert possible effects29. Unlike other programs adopted by Greece, China and other nations, Germany adopted a scheme based on legal provisions for the execution of measures aimed at promoting financial stability within the market. Most of these regulatory measures were established in the year 2008, a time when the crisis was gaining momentum in several states around the globe. The measures included but not limited to guarantees, nationalization, an d recapitalization. Under the German Stabilization Act, the government endorsed a rescue package amounting to â‚ ¬500 billion. This was meant to boost various financial institutions in the country, insurance companies and pension funds together with all other financial entities in dealing with the economic crisis. The act became operational immediately, and it was later cleared by the European Commission since it did not contravene any of the EU aid rules30. The clearance by the European Union was essential in guarding against discrimination and allowed the legal arm of German government to deal with the matter. Mechanism of the Act The focal point of the act in terms its operation was the creation of the Stabilization Fund whose main aim has remained above liquidity short falls and ensuring that capital resources of financial institutions are strong. How does this act assist stressed financial institutions in the country? According to the projections made, based on the act, the fund is expected to offer financial guarantees up to the end of 201231. To achieve this target, the act also allows the financing of recommended entities through laid-out procedures like purchase of equity stakes within these institutions, against existing capital contributions from financiers. Recapitalization It is important to note that recapitalization measures are solely based on the same legal framework depending on how the state may choose to act. This is provided by Germany’s Financial Market Stabilization Authority concerning SoFFin. According to the provisions of the act, a total of â‚ ¬80 billion is recognized as the maximum amount for acquisition of risks and total recapitalization. Moreover, eligibility for these benefits requires that a given entity has to be in the category of solvent financial institutions32. From this analysis, it is evident that Germany mainly responded to the current economic crisis by adopting a legal approach. France’s Response to economic crisis Like Germany, France responded to the current financial crisis from a legal perspective. Its regulatory measures are well enshrined in article 6 of the Finance Law. The law was adopted in October 2008, as a way of dealing with looming effects of the crisis in the Euro zone as well as in other parts of the world33. This rescue plan is believed to take the inter alia form, which simply entails refinancing procedures mainly based on guarantees given by the state with regard to existing debt securities that are offered by loaning institutions mandated to carry out the roles of a financier. Additionally, loans can be acquired through these financing companies under set rules and regulation that govern repayment terms and interest rates. Recapitalization is also seen as one of the ways in which the government of France has continued to maintain the stability of its economy. Refinancing scheme The law became operational in October 2008 and operates under the Ministry of Economy. One of its roles in mitigating the impact of the current economic crisis is offering state guarantees, mainly to French debt securities through a financier that is established to provide loans to credit firms in the country. In its operating mode, the ministry gives state guarantees in rare cases, which demand urgent solutions. Importantly, the law recognizes a total of â‚ ¬ 360 billion as the maximum amount for every state guarantee as enshrined in section 6. Besides this, French securities argue that this figure ought not to exceed â‚ ¬ 265 billion34. The Rescue of Dexia is also recognized for its role in dealing with the current economic crisis. This is found in a legal framework treaty between France, Belgium and Luxembourg, concluded in October 200835. According to the agreement, the three states endorsed offering of guarantees jointly as Dexia financing group, amounting to â‚ ¬ 150 billion. Accordingly, France, Belgium and Luxembourg contribute 36.5%, 60.5% a nd 3% respectively. Furthermore, the Ministry of Economy is authorized by the French law to grant these state guarantees. Recapitalization Scheme This scheme is principally administered by a different company referred to as SPPE, owned by the government of France. It therefore follows that the state guarantee is also granted by the ministry of economy. Eligible institutions mainly include financial firms, comprising of credit institutions and other entities that are monitored, say, portfolio management companies. Loans are also used in taming the country’s economy, with SFFF being the sole provider. These loans are granted at an interest rate of 4%36. Concision Due to the effects caused by this financial crisis that engulfed most economies in the late 2000s, several efforts have been witnessed by different states. Regardless of the nature of approach, the sole purpose of these strategies remains taming of the crisis and preventing its severity. The above discussed countries a dopted varying regulatory measures in lowering the impact of the crises. It is however clear that all these measures aim at stabilizing financial markets and promoting economic growth. References Birdsall, N., Fukuyama, F. (2011). New Ideas on Development after the Financial Crisis. Baltimore, Maryland: JHU Press. Chow, D. (2010). China’s response to the global financial crisis: implications for U.S.-China economic relations. Global Business Law Review, 1(47), 47-81. Global Economics Crisis Resource Center. (2009).Global Economic Crisis: Impact on Economics. Stamford, Connecticut, U.S: Cengage Learning. Gup, B. (2010). The Financial and Economic Crises: An International Perspective. United Kingdom: Edward Elgar Publishing. Jackson, J. (2009). The Financial Crisis: Impact on and Response by the European Union. CRS Report for Congress. Web. Jackson, J. (2010). Financial Crisis: Impact on and Response by the European Union. Darby, PA: DIANE Publishing. Mr. China. (2011). Analyz ing China Banking Industry and New Regulatory Policies. Mr. China. Web. Nelson, R., Belkin, P., Mix, D. (2010). Greece’s Debt Crisis: Overview, Policy Responses, and Implications. CRS Report for Congress. Web. OECED. (2009). OECD Economic Surveys: France 2009. NY: OECD Publishing. Petrakis, P. (2011). The Greek Economy and the Crisis: Challenges and Responses. New York, NY: Springer. Petrovic, A., Tutsch, R. (2009). National Rescue Measures in Response to the current financial crisis. European Central Bank. Web. Reinhart, C., Rogoff, K. (2009). This Time Is Different: Eight Centuries of Financial Folly. New Jersey: Princeton University Press. Savona, P., Kirton, J., Oldani, C. (2011). Global Financial Crisis: Global Impact and Solutions. Farnham: Ashgate Publishing, Ltd. Saw, S. (2010). Managing Economic Crisis in East Asia. NYC: Institute of Southeast Asian. Taylor, B. (2008). The Financial Crisis and the Policy Responses: An Empirical Analysis of What Went Wrong. Stanfo rd University. Web. The World Bank. (2011). The World Bank Group’s Response to the Global Economic Crisis: Phase I. Washington, DC: World Bank Publications. Wang, M. (2008). China in the Wake of Asia’s Financial Crisis. UK: Taylor Francis. Xiao, Y. (2009). French Banks Amid the Global Financial Crisis. Washington, D.C: International Monetary Fund. Yongding, Y. (2010). The Impact of the Global Financial Crisis on the Chinese Economy and China’s Policy Responses. Penang, Malaysia: Third World Network. Footnotes 1 Petrovic, A., Tutsch, R. (2009). National Rescue Measures in Response to the current financial crisis. 2 Carmen Reinhart Kenneth Rogoff, This Time Is Different: Eight Centuries of Financial Folly, New Jersey: Princeton University Press, 2009, p. 4. 3 Taylor, B. (2008). The Financial Crisis and the Policy Responses: An Empirical Analysis of What Went Wrong. 4 Global Economics Crisis Resource Center, Global Economic Crisis: Impact on Economic, Stamford, Connecticut, U.S: Cengage Learning, 2009, p. 1. 5 Saw, Swee, Managing Economic Crisis in East Asia, NYC: Institute of Southeast Asian, 2010, p. 80. 6 Yu Yongding, The Impact of the Global Financial Crisis on the Chinese Economy and China’s Policy Responses, Penang, Malaysia: Third World Network, 2010, p. 12. 7 Daniel Chow, â€Å"China’s response to the global financial crisis: implications for U.S.-China economic relations† in Global Business Law Review, 47(2010), p. 68. 8 Mengkui Wang, China in the Wake of Asia’s Financial Crisis, UK: Taylor Francis, 2008, p. 68. 9 Daniel Chow, â€Å"China’s response to the global financial crisis: implications for U.S.-China economic relations† in Global Business Law Review, 47(2010), p. 68. 10 Ibid. 11 Ibid., p. 69 12 Ibid., p. 71 13 Nancy Birdsall Francis Fukuyama, New Ideas on Development after the Financial Crisis, Baltimore, Maryland: JHU Press, 2011, p. 111. 14 Panagiotis Petrakis, The Greek Econom y and the Crisis: Challenges and Responses, New York, NY: Springer, 2011, p. 13. 15 Daniel Chow, â€Å"China’s response to the global financial crisis: implications for U.S.-China economic relations† in Global Business Law Review, 47(2010), p. 68. 16 The World Bank, The World Bank Group’s Response to the Global Economic Crisis: Phase I, Washington, DC: World Bank Publications, 2011, p. 72. 17 Mr. China. (2011). Analyzing China Banking Industry and New Regulatory Policies. 18 Ibid. 19 Ibid. 20 Paolo Savona, John Kirton Chiara Oldani, Global Financial Crisis: Global Impact and Solutions. Farnham: Ashgate Publishing, Ltd, 2011, p. 89. 21 Panagiotis Petrakis, The Greek Economy and the Crisis: Challenges and Responses, New York, NY: Springer, 2011, p. 13. 22 Paolo Savona, John Kirton Chiara Oldani, Global Financial Crisis: Global Impact and Solutions. Farnham: Ashgate Publishing, Ltd, 2011, p. 90. 23 Petrakis, 2011, p. 13 24 Panagiotis Petrakis, The Greek Economy a nd the Crisis: Challenges and Responses, New York, NY: Springer, 2011, p. 13. 25 Paolo Savona, John Kirton Chiara Oldani, Global Financial Crisis: Global Impact and Solutions. Farnham: Ashgate Publishing, Ltd, 2011, p. 90. 26 Nelson, R., Belkin., Mix, D. (2011) Greece’s Debt Crisis: Overview, Policy Responses, and Implications. 27 Ibid. 28 Paolo Savona, John Kirton Chiara Oldani, Global Financial Crisis: Global Impact and Solutions. Farnham: Ashgate Publishing, Ltd, 2011, p. 90. 29 Jackson, J. (2009). The Financial Crisis: Impact on and Response by the European Union. 30 Ibid. 31 The World Bank, The World Bank Group’s Response to the Global Economic Crisis: Phase I, Washington, DC: World Bank Publications, 2011, p. 72. 32 Benton Gup, The Financial and Economic Crises: An International Perspective, United Kingdom: Edward Elgar Publishing, 2010, p. 39. 33 James Jackson, Financial Crisis: Impact on and Response by the European Union, Darby, PA: DIANE Publishing, 2010, p. 26. 34 James Jackson, Financial Crisis: Impact on and Response by the European Union, Darby, PA: DIANE Publishing, 2010, p. 26. 35 OECED, OECD Economic Surveys: France 2009, NY: OECD Publishing, 2009, p. 20. 36 Yingbin Xiao, French Banks Amid the Global Financial Crisis, Washington, D.C: International Monetary Fund, 2009, p. 15. This essay on States regulatory response to the current financial crisis was written and submitted by user Adonis Barr to help you with your own studies. 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