The Advantages of My Apartment

A new family moving into the Vista community would have a plethora of housing options. There are just so many flashy ads and advertisements around. It can make finding a place to call home a true chore. But as many families have already found out, there are many reasons as to why the apartments in my neighborhood are some of the most sought after in Vista, CA. Especially in comparison to my previous residences such as Marine Corps barracks, my current apartment has many advantages that would make it a wonderful place any family would be proud to call home. First of all, for its size, the apartment is very affordable. During my 3 months of apartment shopping, I could not find a more sizeable apartment for the price I pay. It is only twelve-hundred dollars per month for two bedrooms and two bathrooms when some other properties charged nearly that price for a studio or single bedroom unit. Also, the rooms in the apartment are very large. We have a large master bedroom, and the guest bedroom is big enough for my wife and I to store all of our extra belongings as well as a twin bed and a computer workstation. In addition to those, my apartment also has an immense amount of storage space. There are walk-in closets in both bedrooms, extra storage outdoors, and there is even a walk-in pantry in the kitchen. Although, as much of a selling point the size and price were, if not for the great location, we still may have kept searching. Secondly, the apartment is in a great location. For one, it is very close to the business district. We are within a few miles of many grocery stores, shopping centers, movie theatres, and many other attractions. Also, it is within walking distance of several public transportation hubs. The buses and trains at these places travel all over, to San Diego and Los Angeles and everywhere in between. Another example of the apartments’ great location is that we are close to our friends. We live only minutes away from many of our friends. Furthermore, since we only have 1 vehicle, my wife can always simply call a friend if she needs to run errands or shop, due to the fact that we live so close together, so as not to cause a hassle. Another huge advantage of my apartment is the level of tranquility it retains. A third advantage my apartment has is how tranquil it is. One reason these apartments are so peaceful is the fact that there are no pets. Since pets are not allowed, the apartments are always almost eerily quiet. This is great because on could sleep however long they want to without being rudely awoken. Also, we do not have to worry about barking or other animal sounds interruption my television watching, music listening or whatever else I may be doing. Another reason for the tranquility of the apartment is due to the face that there are very few young children. This is nice because my wife and I have no children with the other young couples around us. Moreover, we do not have to worry about the cries of little children disturbing us during whatever we may be doing at the time. Going hand in hand with the tranquility of the apartment though, is how helpful and courteous our neighbors are. A fourth reason my apartment is advantageous is that my neighbors are very courteous and friendly. One example of this is how our neighbors always have helped us when we were in a bind. On one occasion, the battery in my car suddenly died and one of my neighbors unselfishly dropped everything he was doing and drove his car to mine to give my battery a jump start, enabling me to go to the store to buy a new battery. Also, on many occasions, our neighbors have taken our wet clothes from the community washers and changed them over to the dryers, alleviating us of having to do the task ourselves. In addition to how helpful our neighbors are, they are also quite courteous. As far as the adults around us, while they do listen to music and other things like most, they do not listen to it at absurdly loud levels so as to disturb the people around them. Furthermore, the few children that live around us are obedient and do not cause excessive noise when they play. But at any rate, even with all these upsides, I would have never chose my current apartment if not for how good and kind the management is. Lastly, an advantage our apartment has is how kind and efficient the management of our apartment is. First off, our management is very kind. They know the tenants by name . Even from the day we first picked up our house keys from the office, the people inside welcomed us by name, which was very reassuring to us. Also, whenever we pass by one of the managers, they always greet us. Though, most importantly to me, the management always address our complaints expediently. For example, when my wife and I first visited our apartment before we moved in, we had to complete a pre-occupancy checklist. While there were not many discrepancies, the few that we did note were fixed before we even started moving into our new home. Even since then, all of the problems that have arisen in our apartment such as; burnt-out light bulbs, faulty appliances, broken hot water heaters, and so on; were addressed immediately. Finally, at our apartment complex, every tenant has assigned parking spots only for our vehicles. On multiple occasions, I would find other peoples’ cars parked in my spot. All I needed to do was inform the management of someone in my spot, and the problem was taken care of right away. As you can see, my apartment has a lot going for it. All these reasons like; a good location, the level of tranquility, its’ roominess, the friendliness of the neighbors, and the quality of the management, make for a wonderful neighborhood, and a great place to bring your family home. Now, having been educated, the choice of where to call home should be quite simple. I gladly made mine, and have not regretted it for an instance

Reading More Books Essay

How to encourage your children to read more books Ten great ways to develop your children’s desire to read book By Chris Barnardo Reading is great for both you and your children and is a fantastic form of relaxation and escapism. Reading books helps your children develop their language skill, extend their vocabulary and their understanding of the world. Your children’s spelling and writing skills are also improved by regular reading. Reading can be especially helpful to your children when they are going through difficult times in their lives, such as the separation of parents,  starting a new school, the death of a loved one, bullying, or puberty. A good book gives them a mental place to go where the day to day worries aren’t so ever present, it gives them new people to meet and gets them involved in other people’s stories. Reading develops your children’s creativity. It’s better than the television, because when children get involved in the book they are reading, they imagine the characters and scenes, which paint all kinds of Fill your house with books and give your kids their own bookshelf This is especially important if they don’t live with  you, because any way you can make your place feel like their home, is good, and having their own favourite books in a special place is perfect. Read to your children Set up a routine of a bedtime story or chapter from their book. Bedtime reading is a great routine to get into because it is a perfect relaxing bridge between the excitement of the day and sleep. It is also a special time for you to be together without the stresses and hassles of the day, a time when all is clam and you are just having fun together. However, don’t restrict yourself to bedtimes,  read to them whenever the opportunity presents itself. Read them funny or interesting stories from the newspaper when you spot them, save and read out a funny or moving poem before you eat a meal together; get them to read their homework out loud to you when they have done it. Page 1 of 2 wonderful images in their minds, in a far more interactive and satisfying way than television can ever do. reading encourages your child to be creative and think for themselves. So, everyone knows how good reading is for their children, but how do you encourage them to read, or read more. Here are ten top tips to get you started and get your children reading books. Listen to audio books in the car on longer journeys Audio books make every long journey an adventure in itself. If the story is good and the narration is well done, the journey will flash by and when you reach your destination you may even find yourselves wanting to stay in the car to hear the end of the story. They can be expensive, but most stories will bear repeated listening and the library lend out audio books for free. Don’t be a book snob Children are inspired to read by all kinds of  different books, graphic novels, magazines, web blogs, manuals, science fiction, or teenage romance for example. Let them get interested in reading in whatever form that takes to start with, once they get into the habit of reading this will expand to take in a wider and wider choice of material over time as their friends introduce them to new books and ideas.  © C. Barnardo dadcando 2008 How to encourage your children to read more books Talk though the story when you read it Chat about the characters in the story. If it is a novel then talking about the main character’s  motivations, asking what your children think the characters are going to do next, or what is going to happen in the story, all add weight to the experience of reading. Ask questions about the writer’s style, or the way the writer describes the scenes will help your children get the most out of the story and will help them in a very subtle (but powerful) way with their own written schoolwork and homework assignments. Discussing stories and listening to what your children have to say about the characters and the situations they encounter in the book will tell you a lot about  what your child is thinking, and help you understand them better. At weekends or on holidays make a treat of getting magazines Magazines have short articles about things they like, horses, cars, fashion, gossip, TV soaps, toys, console games, and popular science for example. If they really like a particular magazine then consider buying a subscription to it for them as a birthday (or other special occasion) present. Give books as gifts Take the trouble to go to the bookshop at the weekend or browse the second hand book shop for interesting titles and involve your children in  choosing the best book as a gift. When giving a book, especially to your children, always write their name and the date and a short message in the book inside the cover or on the flyleaf. Then they’ll always know it’s theirs and know that you think that it is a precious gift that you have chosen specially for them. Choose material that they like There is plenty of time to discover the classics. To start with choose books that you know your children will like. Choose different books to read to them than those which they are going to read to themselves. When you read to them, you can pick books with exciting or thrilling stories that may have longer words in then they would be able to read themselves. (Always explain a word or phrase if you think that they don’t understand it). Perhaps you have seen a film that you all liked, get the book that inspired the film and read that. If they are reading to themselves, a graphic novel or even a comic is an excellent way to start reading around a film story. Have a word of the day Reading is as much about exploring language and the way stories are told as it is about the stories  themselves. Look on the web or in a dictionary and pick a word of the day which you can all learn together. The word you choose can be gross or exciting, different or funny, long or strange but above all make sure that it is useful in some way. Get everyone to make up a sentence with the new word in it and give a point or star for the best sentence. If they want, let your children each find and tell their favourite new word of the day. A good time to do this is at meal times when you are all together. *** For some ideas on a few good books that your  children might like, have a look at dadcando’s what we like this week column or dadcando’s recommended â€Å"Superb kid’s books† on dadcando’s â€Å"Be Inspired, be inspiring† pages. Get a poetry book and occasionally read them a poem Poems are fabulous for evoking emotions and feelings. The best poems condense and capture descriptions of scenes or feelings in a very powerful way, bridging the gap between stories and songs. Inspire your children with poems and they will remember lines from them, and the times you read to them, for the rest of their lives. Page 2 of 2  © C. Barnardo dadcando 2008.

Strategic Management Essay Example | Topics and Well Written Essays - 3500 words - 4

Strategic Management - Essay Example Innovation is an important tool for businesses that is born out of some factors such as globalization and outsourcing as these two tend to push the need for an organisation to become more effective and efficient in their operations. In essence, organisations require innovative processes in order for them to cut down on production costs while making sure that they deliver quality products that would make them to be distinguished within the market they operate in. According to Kelloir (2007, p. 180), one factor that drives innovation for a business is the expectations that consumers have because they are known to yearn for products that can help make life easy for them. An example of this would be the need for consumers to bank conveniently without having to go physically to the bank, which facilitated the e-banking options that makes them to access their money at the click of a mouse button through the internet. With this, customers will go for service providers that provide these ser vices despite the cost implications that this service might attract because they are willing to spend more in order for them to be satisfied. One fact that product and service producers understand is that consumers cannot settle for less if they know that they can go somewhere else and find what they want making innovation and being entrepreneurial to be part of their firm’s. When it comes to the various approaches to innovation for entrepreneurs, Garner (2009, n.p) asserts that they understand that this aspect is what makes them unique within their markets by making it to be a priority. For one, some entrepreneurs can view innovation from a strategic point view by asserting that this can hold the future success of their organisations. However, some entrepreneurs when asked say that they find it hard to integrate innovation to be part of the strategic priorities that they have because of the cost

Poverty and Social Violence in Latin America Term Paper

Poverty and Social Violence in Latin America - Term Paper Example These acts of violence and injustice through the lifestyle of communities as well as countries make it hard to penetrate positive change in those societies. Measures no matter how strong, are mostly used for containing and limitation purposes rather rehabilitation process. As far as history goes, the only way to spread the message has been written or visual context. Now having the newer media available in all parts of the world, it has reached and given opportunity to not only present one’s ideas but to also spread a message. Films such as Bus 174, City of God, and Los Olvidados etc are amongst their time from 50’s onwards have tried to share the changing stories of Latin America. The purpose of books such as Child of Dark show reality of the times regarding the social stratification present in the society. Each of the depiction of reality has been related to fight poverty to become amongst the ones who can live the rest of their lives in ease. Much like a jail, all of the films have tried to portray a life more or less confined under boundaries where the only way to survive is through someone others fortune. Having a downstream injustice present based in all parts of the hierarchy the films try to show the system failing to control its own public and being biased towards making choices. The ambitions lay towards the stability of life in most of the films but either failing to reach that goal due to fact that when one is caught in the vicious cycle of poverty and crime, there is no way out of it.

Luhrmann's William Shakespeare's Romeo and Juliet Being a Major Movie Review

Luhrmann's William Shakespeare's Romeo and Juliet Being a Major Departure from Shakespeare's Original Work - Movie Review Example Innovation is presented for a more marketable modern audience while retaining the old Shakespearean themes, such as love versus hate, youth versus age, and destiny versus determination. Despite its tremendous success, critiques ranged from admiration to disgust (â€Å"Romeo and Juliet: Of its Time and of Ours†). Nevertheless, Luhrmann has ultimately given the audience what is possibly the most dedicated of all film adaptations in upholding the persona of both Shakespeare and his play. As Shakespeare probably projected, all succeeding adaptations would be free-spirited and packed with the younger generation’s impulsivity; a challenge to power; and a rebellion. The boldness and extremism of Luhrmann's wild editing, spectacular art direction and humor rebel against authority and sensibility and likewise matched the bravado of the lead characters, Romeo and Juliet (â€Å"Romeo and Juliet: Of its Time and of Ours†). ... The director shot scenes at great angles and always-moving camera effects and used unusual shooting memos such as "macro slam zoom" and "distorted out-of-focus close-up," to provide a more or less frenzied energy. Rap, modern hip-hop, rock, electric guitar, Western sound themes and Latin chants throughout the movie give a characteristically teenaged attitude (â€Å"Romeo and Juliet: Of its Time and of Ours†). Shakespeare, according to Luhrmann, used every musical variety and poetry to satisfy the much diversified viewers in the Globe Theater. In the 1996 adaptation, Luhrmann echoes this in his film, informs the public against the foolishness of meaningless family disputes and cleverly revises it for the 20th century, however, preserving its crucial ethical fight as it relates easily to the young audiences (Gibbs). â€Å"Poetry is the most effective means of instruction, as poetry can â€Å"teach†¦not only by delivering forth his very being, his causes and effects, but a lso by making known his enemy, vice, which must be destroyed, and his cumbersome servant, passion, which much be mastered† (Duncan-Jones 220). Although much of the Shakespearean poetry is lost in Luhrmann’s film due to cuts, the plot remains unharmed. This dismayed several critics but quite a few intellectuals sided with Luhrmann, revealing that Shakespeare’s language and script are intended to be used as a starting ground for his stories, rather than just being a stationary writing (â€Å"Romeo and Juliet: Of its Time and of Ours†). Dissimilarities are aplenty between Shakespeare’s original and the outrageously lively Luhrmann version. Whereas in the play, sex is an acceptable expression of love, particularly for the young;

Business management - Starbucks Essay Example | Topics and Well Written Essays - 3000 words

Business management - Starbucks - Essay Example Information obtained from http://investor.starbucks.com/phoenix.zhtml?c=99518&p=irol-irhome, also posits to the effect that â€Å"Starbucks purchases and roasts high-quality whole bean coffees and sells them, along with fresh, rich-brewed coffees, Italian-style espresso beverages, cold blended beverages, a variety of complementary food items, a selection of premium teas, and beverage-related accessories and equipment, primarily through company-operated retail stores.† The company also sells coffee products and tea through other channels like licensed retail stores. According to information obtained from its official website, Starbucks was established in 1985 and its operations are mainly guided by its mission statement: â€Å"To inspire and nurture the human spirit—one person, one cup, and one neighbourhood at a time.† The company also strives to be the world’s leader in production of fine coffee. Its success as the world leader in the coffee industry can be attributed to the differentiation strategy it uses. This report will specifically focus on the United States Segment where the company has its own stores as well as licensed stores. Starbucks is very popular in the US and of notable concern is the fact that its operations are also shaped by trade practices as well as regulations such as North American Free Trade Agreement (NAFTA).The economic forces in the US also shape the operations of the company. However, the US operating segment contributed 69% of total net revenues for the fiscal year 2011. 1.1 Task A: ANALYSIS OF STARBUCKS’ EXTERNAL ENVIRONMENT This section of the report critically analyses Starbucks’ external environment. PESTEL analysis will be used to analyse the macro environment while Porter’s five forces model will be used to analyse the micro environment. This part of the paper will also identify the opportunities and threats that exist in the external market. 1.2 PESTEL Analysis There are vario us external factors that shape the operations of Starbucks and PESTEL is an acronym for political, economic, social, technological, environmental as well as legal factors impacting on the operations of the organisation and this too is going to be used to carry out the external environmental analysis. The table in index 1 shows the external factors that impact on the operations of the above mentioned company. Starbucks FY11 Annual Report (2011) shows that the company managed to raise the highest amount of revenue of $11, 7 billion from its operations. This is the highest amount of revenue to be generated by the company after the global economic recession that was witnessed in the US around 2007-2009. The success of the company can be attributed to the external factors that are obtaining in the environment where the company operates. As shown in appendix 1, political stability in the US plays a pivotal role in the success of the

The Increase in the Frequency of Involvement of Ex-Mental Patients in Case Study

The Increase in the Frequency of Involvement of Ex-Mental Patients in the Criminal Justice System - Case Study Example The objective of this study is to determine the effect of deinstitutionalization on the frequency of involvement of ex-mental patients in the criminal justice system through an analysis or review of available data and information on private and public mental hospital capacities, and crime rates in purposively selected U.S. inner-cities. In the advent of deinstitutionalization, several former mental patients have turned out to be considerably involved with the criminal justice system, which is an area they are especially unprepared to deal with. Researchers and observers alike, depending on their specific concern in the issue, have thus far predisposed to examine this outcome of the process of deinstitutionalization in one of two ways (LaFond & Durham, 1992). First, the mainstream media have took hold of particular offenses involving the abrupt and dramatic murder of unsuspecting victims by sadistic murderers, whom they readily recognized as ‘escaped lunatics’ or ‘psychos on a rampage’ (LaFond & Durham, 1992, 33); labels that intricately connects the suspected murderer to mental disorder. Second, mental health practitioners have been swift to reveal what they see as the prejudice and pointless imprisonment of mentally ill people for minor offences, which the experts typify as the unnecessary interference of the criminal justice system into the area of mental health (ibid). Both interpretations of reality have a generally central point of view that deinstitutionalization is at the core of the predicament; furthermore, both perspectives sensibly give rise to a claim for rehospitalization of people with mental disorder, either for the reason that they are incapable of living in civilized society or quite weak to survive a narrow-minded intolerance and mistreatment of society (LaFond & Durham, 1992). The root is identical, the solution is identical, and the only thing that has been inadequate is empirical research of what we all believe to be obvious: ‘that deinstitutionalized mental patients either are criminals or are treated like criminals’ (Bean, 2003, 141).  

Stress Management and Its Effect on Efficient Work Performance Dissertation

Stress Management and Its Effect on Efficient Work Performance - Dissertation Example One of these is the distractions they get away from their work due to stress. In a recent study, Michelson (2004) noted that the commonest cases and instances of stress arise when the roles of employees demand that they have a lot of interaction with people as a means of serving the interest of these people. Employees whose work also put a lot of mental strain on them, as well as those who are engaged in the use of heavy and multiplex machinery have also been identified to be victims of some of the worse cases of stress (McIntosh, 2011). Sadly, even though it is generally appreciated that stress is a major hindrance to successful organisational running, not much has been done by way of managing stress among workers. Coldwater, Mohl, Denny and Mote (2012) blame this situation on the wrong identification and classification of the nature of stressors that employees are commonly faced with. In another instance, Michelson (2004) pointed to the fact that the best form of stress management can only come when there is the right identification of stress that employees are faced with. Purpose of the Study It will be noted that the Administrative Stress Index ASI ascribes five major areas of stressors namely administrative constraints, administrative responsibilities, interpersonal relations, intrapersonal conflicts, and role expectations. As part of the problem of wrong identification and management of stressors faced by employees within the labour force, this research is being conducted with the purpose of using the Administrative Stress Index (ASI) to identify the commonest forms of stressors that employees within three major labour forces namely the education, health and security sectors face in the delivery of their duties. Having used the ASI to identify the types of stress, a questionnaire that seeks to classify the stress management mechanisms used by workers will then be used. This purpose of the study can be noticed to be multi-variant in the sense that it will make it possible to collect sufficient data on all possible stressors that come with the delivery of administrative roles within the education, health and security sectors. The purpose of the study also encompasses stress management of specific stressor. This study is therefore being conducted as an opener to the issue of corporate management of stress by first focusing on the identification of stressors. Aim and Objectives The purpose of the study will be achieved with the aim of identifying different forms of stressors and how they are managed within the educational, health and security sectors. This can however be seen as a very broad and generalised goal, that cannot be achieved by performing only a single task or duty. The aim of the study has therefore been broken down into specific objectives, which signify the very specific tasks that will be undertaken to bring about the achievement of the research aim. The specific objectives of the study are thus given below. To achieve t he research aim therefore, the researcher has a responsibility of achieving all the specific objectives. 1. To identify various forms of stressors with different categories of jobs in the educational, health and security sectors. 2. To ascertain the different forms of stress management mechanisms that work best with each category of stressors identified. 3. To examine the impact and effectiveness of stress manage

Apple Essay Example | Topics and Well Written Essays - 1000 words - 2

Apple - Essay Example The case study of Apple Incorporation talked about by Baltzan and Phillips elucidates the general inventiveness by Apple Incorporation and Steve Jobs through information systems management. The case gives details on information systems management in four segments relating to Apple making the most on novel developments; getting the most out of the iPod and in the future and iPhone bring about the accomplishment of Apple (Baltzan & Phillips, 2009). Previous to the establishment of iTunes and the iPod, the Corporation had dropped out of competition. Novel organizations for instance Napster had capitalized on the novel development of making use of computers to create audio CD’s. Subsequent to discovering its position, Apple and Sound Scan created iTunes with the use of ISM systems. Apple has acquired the potency to take over ISM systems by integrating skill, business and amusement into a solitary class.Present study has signified that Apple is the peak supplier for portable MP3 Players. From 2001, Apple has traded six billion songs from the time when they initiated (O’Bien, 2005). The structure of organization of apple with its international presence and diverse domains in the industry of electronics would necessitate a method of information dissemination, which permits accessibility of accurate information to the necessary persons and at the appropriate time to guarantee that the business choices embarked on by them are constant and accompanied with apposite accessibility of information. The key objective has at all times been to be the leader of innovation. The equivalent value expands even to the mode in which they deal with their interior communication which platforms their dominance. According to this conception the majority of the developments, which are virtualized, as the organization deems that virtualization is the aspect, which will offer the

The Development of Chinese Bond Market and Its Critical Issues for Essay

The Development of Chinese Bond Market and Its Critical Issues for Future Development - Essay Example sts have argued that the bond market, whose role in the economic development is as great as that played by equity market has for a while remained obscure, as the general public seems to have little of it. Currently, few private investors are taking part in the bond market as compared to those in the stock market (Wu, 2014, p. 484). Worth noting, bond market plays a critical role in the economic development of a country, with the cash flow it provides playing a vital role in promoting the maturity of the individual investors assets and liabilities, and in the long run helping in the management of risks. As such, this paper will provide a detailed discussion of the development of the Chinese bond market, and provides an insight into the critical issues for future development. China began issuing treasury bonds in 1981 when it was first allowed to trade over numerous counters leading to the development of the secondary market for RMB Bond. The establishment of the Chinese stock exchange market in the 1990s led to the centralized trade of the Treasury bond. This piece of work analyzes the development of Chinese Bond market, which due to the absence of the centralized Securities Depository and not limited to inappropriate infrastructure has been hit by serious strikes. China is putting efforts to build a safe and cost effective bond market, which has led it to a healthy growth to emerge as one of the biggest financial markets in China (Zhu and Martha, 2009, p. 56). The bond market plays a significant role in the determination and setting of the fiscal policy and the monetary policy in China to sustain the financial revolution. In an effort to build a safe, low cost and efficient bond market, the establishment of the China Government securities Depository Trust and clearing company was a big boost (Guizot, Armelle 2012, p. 64). The CDCC (China Depository and Clearing Company) was the custodian of any marketable RMB bond and also began the development of open market

Traffic Movie Essay Example for Free

Traffic Movie Essay I felt that the movie, â€Å"Traffic† (Soderbergh, 2000), was very informative on the subject of drugs. I was able to see three different stories concerning drugs and the drug trade, including the drug dealers, the people who abuse them and the narcotics officers who are paid to get rid of them. Each story was able to peak my interest, and taught me something different about the drug scene and some of the people they destroy.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   I found it shocking to realize just how powerful the effects of drug dealing can be on the family of individuals who take up selling drugs, as their choice in careers.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   When Carlos Ayala was arrested, his pregnant wife, Helena didn’t realize what was going on. I felt bad for her, knowing she had the baby to care for and when she is threatened by Carlos’s associates and followed by DEA agents, it was hard to believe that she fell into the same trap as her husband.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Helena’s choice in taking over her husband’s business didn’t seem like a very good idea. I figured that she would have learned what can happen to a person who deals drugs, by watching the events that occurred when Carlos was dealing drugs.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   I thought that Michael Douglas was perfect for the role he played as the judge, who is head of the President’s Office of National Drug Control. It was surprising that such an important person, such as a judge, who was paid to deal with drug dealers and abusers, so often, would have a young daughter who would be victimized by drug use. It shows that drugs can destroy many different types of people.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Crack cocaine is such a strong drug and it was hard to believe that Caroline, the judge’s daughter, would dare try such a dangerous drug.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Caroline and her boyfriend, I felt were going too far when they tried to dump their friend at the hospital, after they had overdosed on drugs. It showed that their fear of being caught for using drugs, and possibly being arrested was more important to them than remaining with their friend, who could possibly die from taking too many drugs.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In the third story, I felt the interrogation of Eduardo Ruiz was insane. Ruiz was ready to rat out his friend to save his own skin, which shows how being involved in the drug trade can cause you to turn on anyone, at anytime. It’s very frightening to think about how many horrible things can occur from using or dealing with illegal narcotics, but it is very educational and teaches about the hardships of drug activity from all walks of life.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Drugs were responsible for changing so many lives in this movie and some of them could have been so happy, if they wouldn’t have chosen the wrong path and resorted to greed and addiction.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Overall, I think this movie was worth watching and I feel that everyone could learn so much about the bad effects of drugs on our society. Some of the scenes aren’t appropriate for smaller children, but I think it’s a good idea for teenagers and adults to watch this movie so they can see what can happen if you have anything to do with illegal narcotics.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   I felt that â€Å"Traffic† was a very good movie and I would recommend that parents allow their teenagers to watch this movie and learn from other’s mistakes.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Reference Page Soderbergh, Steven. (2000).â€Å"Traffic† Polygram USA Video.

E-Commerce and Economic Development in Angola

E-Commerce and Economic Development in Angola ABSTRACT In this report as the title tells, I approach the economic development of Angola in terms of one of its major developer, the internet and ecommerce. I have done this because it is often impossible to glean important facts and insights about such countries which a society pronounces poor or third world. In the chapters that follow, I will relate to the ecommerce and its effect of economic development of Angola, compare Angola with a developing country as well as with an underdeveloped nation. Firstly economic development is discussed in relation to electronic commerce in order to show the complexities and ease related to drawing a clear line between the two forms. Secondly economic development is discussed in relation to ecommerce, economy, culture, elements which influence the issue in one way or another. For, as shall be repeatedly seen, problems like economic support from a developed state have a close and continuing relation to the values and social structures which a society regards as stable and normal. My emphasis will be, however, on the problem itself, called ecommerce and its effect on the economic development of Angola. CHAPTER 1 INTRODUCTION Introduction Electronic Commerce Electronic commerce, generally identified as (electronic marketing) e-commerce or eCommerce, consists of the buying and selling of products or services over electronic systems for example the Internet and other computer networks. The total of trade conducted electronically has grown unusually with widespread Internet usage. The use of commerce is conducted in this way, spurring and drawing on innovations in electronic funds transfer, supply chain management, Internet marketing, online deal processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at some point in the deals lifecycle, although it can encompass a wider range of technologies such as e-mail as well. (Miller, 2002) Internet Ecommerce The previous ten years have seen the internet and e-commerce surface as fundamental features of our business, communal and educational life. Developments for example Web 2.0, the semantic web, e-government strategies, user generated content, virtual worlds and online social networks have redesign the way we commune, intermingle and transact. The Evolution of Electronic Commerce The numerous means in which business is carried out are based on established suppositions and accords between the parties concerned. Numerous procedures have been agreed upon to safeguard both the consumer and the merchant from deception or theft. Even in the simplest form of dealcash changing hands directly between buyer and sellera sales receipt is classically provided as a record of what turned out. As we move into the electronic business field, the means of protection become more and more concerned. The essence of ecommerce is buying and selling of goods and services over the Internet. The advantages are fairly self-evident. Because the Internet is readily accessible by millions of prospective customers worldwide, suppliers and customers can interact in a dynamic environment where supply and demand truly regulate the economic cycle. Organisations of any size, from sole proprietorships to multinational corporations, can expand their business to reach new customers in new markets, some even achieving a notable level of efficiency. The sole proprietor is able to broaden the scope of his/her business to a mass market approach, while the multinational corporation can now focus on niche markets heretofore considered too costly to access using the traditional mechanisms for market penetration. (Austin, 1999) Further study discloses some specific downsides to the Internet business paradigm. What you basically have is computers (presumably being operated by humans) trading responsive financial data by means of a widely-available communications infrastructure. Unexpectedly the matters of accountability (being able to attribute a deal to the actual instigator) and accountability (attributing responsibility to each participant for their part of the deal) become more vital than ever. A lot of propaganda has been generated over the initial incursions into electronic commerce. It seems ubiquitously we turn someone is singing the praises of electronic catalogues, online shopping, electronic check writing, web-based advertising and customer prospecting, and on and on. The truly brave can even purchase a car over the Internet. But these consumer-oriented business activities taking place on the Internet today are just the tip of the iceberg. From the perspective of true international commerce, we have not yet begun to do business electronically. Infrastructure of Ecommerce The main issue that requires to be dealt with before electronic commerce can convey on its assurance is the development of an international infrastructure that all of the main players can be in agreement upon. In most circles this infrastructure is called the International Information Infrastructure (GII). This electronic infrastructure must make available all of the compensations needed for a healthy e-commerce strategy: Â § Security-enabled. This is essential to permit development of convenient solutions which provide accountabilityknowing the real who in a deal. Beyond that, the ability to impute liability to any and all parties concerned in completing a deal is a must for business. For suppliers, e-commerce will be about establishing the identity of the individuals who represent the parties concerned. It means that all participants have a confident reliance on users identity, while holding each party liable to perform their role in the deal. (Jacobsen, 2000) Â § Ultra-reliable. In electronic commerce, transactions take place without those worried ever meeting in person, and that implies the need for a technology presentation and dependability factor of 99.99%, especially for mission-vital applications. An infrastructure must be reliable and trusted on a continuous basis. Any weak connection in its safety measures will deliver the whole impracticable for serious electronic commerce. Â § International. Electronic business cannot be restricted to the country of origin. As we progress into the future, e-commerce must transcend national boundaries. We need an absolute e-commerce infrastructure. To be really effectual, e-commerce providers will need an infrastructure which is international in its nature, or recognise that electronic business is closed by national boundaries. Distinct from the international mass user and point solutions-based Internet market of today, large organisations are becoming critically attentive that they will need to manage accountability and liability in providing any significant level of customer security, especially with end-user customers, but especially in business between themselves in their interactions with employees, partners and suppliers. (Jacobsen, 2000) After two decades of declining economic performance, Angola is currently staging a promising revival. Over the past several years, average real economic expansion in the region has increased vitally while, in a growing number of countries, real gross domestic product (GDP) per capita has been positive. In 1998, despite financial turmoil in Asia and Latin America, Angola enjoyed its fourth consecutive year of positive GDP expansion. Nevertheless, Angolas current economic revival remains fragile. Up to date expansion has not yet reached the sustained levels that are essential to alleviate widespread poverty endemic to the region. A number of hurdles still need to be effectively addressed and overcome if the transform process and current revival are to lead to broad-based and sustainable development for Angola. Furthermore, conditions vary widely among the forty-eight states of Angola and this diversity must be taken into account in assessing the countrys prospects. Fortunately, as this article seeks to demonstrate, there are reasons to be optimistic that many Angolan states can overcome the remaining hurdles to sustained expansion. A new generation of Angolan leaders and entrepreneurs and current developments in the areas of private sector expansion, debt relief, regional economic integration, and telecommunications have the potential to economic expansion in means not heretofore anticipated. Regional Transformation And Economic Revival Angolas up to date economic performance has indeed been encouraging. Between 1990 and 1997, the number of Angolan states registering annual expansion rates of three to six percent nearly doubled, from fourteen in the beginning of the decade to twenty-six in 1997, while seven Angolan states had expansion rates of six to eight percent. According to the International Finance Corporation (IFC), after almost two decades of stagnation and decline, real GDP in Angola was growing at an average rate in 1997 of four to five percent a year. The World Bank reported that over eighty percent of countries (thirty-eight out of forty-eight) registered increased per capita incomes in 1997, as their rates of economic expansion exceeded their population expansion rate. (World Bank Group, 1998) According to the most up to date data, 1998 was the fourth consecutive year that GDP per capita did not fall, an event that has not happened in Angola since the late 1970s,(Department Of Econ. Soc. Affairs Unite d Nations Conference On Trade Dev., 1999) while the 3.3% expansion in 1998 GDP was the highest among all regions of the world. (Economic Soc. Poly Div., Economic Commn For Afr., 1999) Increased macroeconomic stabilitya result of sound financial and political policieshas been encouraging increased levels of investment in the region over the past several years. Average inflation fell from a peak of forty-five percent in 1994 to an estimated twelve percent in 1998, with only fifteen Angolan states still experiencing double-digit inflation rates by 1997, compared with thirty-five in 1994, according to the IMF. There has also been a vital reduction in internal and external financial imbalances. The average external current account deficit (before grants) fell from 5.5% of GDP to 4% over the same period, while the average overall fiscal deficit (again before grants) was halved between 1992 and 1997, to about 4.5% of GDP.(Calamitsis, 1998) As a result, investment in the region has been steadily growing, according to the IFCs 1998 report. In 1998, gross domestic investment rose to twenty-three percent of GDP, from lows of about fifteen percent in the early 1990s. Private investment has also increased, registering 10.6% of GDP in 1996, the highest level since 1981. Long-term private capital flows to Angola in 1997 reached $8 billion, twice as high as in the previous year. Along with investment levels, Angolan trade and export earnings have increased. While Angolas share of total world trade has not changed, the volume of Angolan exports is expanding almost as fast as international trade and Angola is emerging as a viable international trading partner. Angolas trade volume increased by eight percent in 1997, according to UN s, with exports having expanded roughly twice as fast as GDP in up to date years. The regions up to date expansion has been widely attributed to the efforts of a new generation of transform-minded Angolan leaders in key countries who, through the adoption of democratic and market-based transforms, have made substantial progress in moving their countries toward political and macroeconomic stability. Many Angolan states continue to implement trade liberalisation and privatisation programmes that are freeing up their markets and helping them to become more active participants in international commercial activity and economic progress. In such a positive political and economic environment, private sector led trade and investment can now play an increasingly important role in bringing broad-based expansion and sustainable development to the region. Some countries in Angola have already begun to reap the rewards that can result from sounder fiscal and monetary policies, increased regional economic integration, and accelerated privatisation programmes. Chief among the rewards is expanded trade, investment, and access to the international marketplace, as international companies increasingly look to Angolas emerging economies and Angolan entrepreneurs and private sector organisations seek to play a more visible role in the economies of their countries. These trends suggest that the growing private sector in Angola has real potential to become an important engine for expansion and economic development in the region, as it has already in other regions of the developing world. Investment And Expansion Despite the up to date positive economic trends and expansion of the private sector in Angola, as we enter the new millennium, sustained, broad-based economic development in the region remains one of the most formidable policy challenges facing the country. According to the United Nations Economic Commission for Angola (ECA), in order for Angola to cut its poverty in half by the year 2015, a development objective often cited by Angolan governments and their development partners, the region as a whole would require a yearly GDP expansion rate of seven percent. For this to happen, an investment of thirty-three percent of GDP would be needed for Angola as a whole. Achieving domestic investment of thirty-three percent looks increasingly unlikely, as two of the three components of domestic investment are declining or stagnant. While the regions current domestic savings rate is only estimated at fifteen percent, annual inflows of foreign direct investment (FDI) remain low, and the levels o f official development assistance of up to date years are declining. The renewed expansion in many countries has not yet reached, let alone been sustained at, levels that would alleviate the widespread poverty endemic to the region. The great majority of the regions population continues to live at levels well below the poverty line, with forty percent living on less than one dollar a day, according to the World Bank. (The World Bank Group, 1999) Furthermore, the globalisation phenomenon, which has been highlighted by growing economic integration and rapid technological change, has often meant increased prosperity for those countries able to compete in an increasingly integrated international economy, but steady decline and marginalisation for those not able to compete. Still, too many countries have remained largely on the sidelines, saddled by debt and relying primarily on foreign assistance for many of their development needsat a time when such assistance is on the decline. Among the current obstacles to reaching levels of expansion that will bring broad-based development to the region, the following three matters pose particularly vital challenges: (1) the uncertain future of the transform process, (2) Angolas debt burden, and (3) the regions limited participation in the international trading system. A Delaying Transformation Although more than thirty countries have launched political and economic transform programmes over the last decade, the transform process has not been uniform across the country. Angolan leaders in some countries have been unwilling or unable to implement transform programmes, sometimes as a result of political or civil instability. In other countries, the difficulties or costs of transform have threatened to undermine the process and raise the possibility that a country could abandon the process before it has had sufficient time to bear fruit. For example, Zimbabwe has only recently re-instituted some protectionist measures, including increased duties and exchange restrictions in response to mounting foreign exchange pressures. Moreover, trade regimes in many Angolan states remain complex and restrictive compared with those of most other developing countries. Such regimes isolate their domestic producers and prevent them from becoming more fully integrated into the international tra ding system. In addition, the privatisation process has been sluggishthe victim of public mistrust and a lack of consensus among policymakers. In an up to date World Bank study that shed light on the problems of privatisation in Angola, the lack of political commitment, poor design, insufficient resources, weak management, and corruption were cited as major factors inhibiting the process. The report highlighted the need for Angolan governments to improve public information as the most powerful tool for ensuring transparency, helping to build consensus, and assuring commitment and accountability in the process. (White Bhatia, 1998) Poor economic environments and policies in some countries have also inhibited increased trade and investment. These conditions have caused rampant inflation and high interest rates and have prevented Angolan policymakers from fully abandoning foreign exchange controls and other restrictions. Earlier that year, Botswana became the first and only country in Angola to abolish all forms of exchange controls, (Steyn, 1999) while in some countries, inflation continues to lead to debilitating currency crisis. In Malawi, for example, inflation is now hovering at around 53% (up from 18.5% recorded at the same period in 1998), an indicator that the currency may need to be devalued yet again, after a devaluation of 67% in 1998. (Pan Angolan News Agency, 1999) Continued volatility in the Angolan market environment underlines the need for continued success in the transform process. The Liability Burden In addition to delaying transform, Angolas external liability burden continues to be a major obstacle to investment and further expansion, particularly in the highly indebted poor countries. Many Angola economies are unusually indebted with an average of twenty percent of GDP going directly to liability servicing, according to UNCTAD. (Sachs Stevens, 1998) In 1998, liability service increased to $35 billion, or more than thirty-one percent of goods and nearly three percent of service exports, up from $33 billion in 1997. The external liability of Angolan states rose moderately from $349 billion in 1998, according to the ECA. As a proportion of exports and GDP, the external liability of Angola is the highest of any developing region. Not only does Angolas liability deter private investment, including foreign direct investment, but it also impedes public investment in physical and human infrastructureinvestment vital to a countrys economic development. The IMF estimated that, by the end of 1999, Angolas liability to GDP ratio would rise to almost sixty-eight percent, up from fifty-two percent two years earlier. (International Monetary Fund, 1998) The region will continue to be crippled by mounting liability, draining it of needed resources that could otherwise be invested back into the regions economy, unless there is more rapid and effective liability relief matched with sustained expansion. Angola in the International Trading System and International Economy Angola is currently facing growing marginalisation in the international economy with its share of international production and trade in decline. Despite rising levels of Angolan domestic production and trade volumes over the last several years, the countrys share of international trade has continued to declineit was less than two percent in 1997. If the region is to gain an economic foothold and develop into the next century, it must attract more investment and trade, and become a more competitive trading partner in the new international economic system. Increasing commitments to the World Trade Organisation (WTO) and other regional accords thereby becoming a more active participant in the international trading systemis one way for Angola to attract investment and trade. The Uruguay Round of Multilateral Trade Negotiations resulted in the creation of a stronger set of rules governing international trade and the creation of the WTO, the successor to the General Accords on Tariffs and Trade (GATT). Unfortunately, many countries in Angola were generally unable and unprepared to effectively participate in the negotiations and, partly as a result, have not been able to take advantage of the new international trading system. Although eighty-five percent of Angolan states are currently members of the WTO, limited trained staff and other pressing needs prevent many of them from active participation in WTO developments, further trade negotiations, and implementation of existing Uruguay Round accords. In addition, they have as yet been unable to take full advantage of numerous unilateral, bilateral, and multilateral preferential trading schemes designed to help expand access for Angolas products and integrate Angolas economies into the world trading system. The region is more likely to reap a larger share of international production and trade if it more actively participates in and undertakes meaningful commitments in the international trade organisation that is fostering the expansion of world trade. Road To Further Expansion And Sustainable Development In light of the existing challenges, what measures now need to be pursued to address these constraints and consolidate and build on the gains Angolas transformers have made over the past several years? According to Evangelos A. Calamitsis, former Director of the Angolan Department of the International Monetary Fund, the present economic upswing in Angola, unlike other recoveries in the past, has been largely homegrown and is therefore more likely to continue. However, Angolas present revival is most likely to endure if Angolan leaders can sustain and broaden the process toward transform and capitalise on several areas of strength that are breathing new life into the debate on private sector expansion and economic development. Staying the Road to Transformation Although outside the scope of this article, developments in Angolan states that are not counted as leading transformers can greatly influence the overall prospects for expansion on the country. For example, the fighting in the Democratic Republic of the Congo, between Ethiopia and Eritrea, and in Angola can have a negative impact on the investment climate in neighbouring countries. On the other hand, the return of civilian rule in Nigeria and the prospects of better economic management can do a great deal to bolster investor confidence in the economic prospects for the country as a whole. Angolan leaders need to continue the political and economic transform process and encourage its spread to those countries that have not yet undertaken transforms. Many Angolan leaders have already demonstrated that they understand what needs to be done and have initiated the process. Still, the process must continue. If the region is to achieve high-quality and sustained expansionexpansion that will lead to poverty reduction and broad-based developmentin the years ahead, the transform process must be revitalised so that the changes become inexorably woven into the regions economic fabric. By continuing to implement sound fiscal and monetary policies and by accelerating the privatisation and trade liberalisation process, Angolan states will be proving to the international business community that Angola is serious about transform and ready and willing to do business. Despite up to date turbulence in the international economic environment, most Angolan states have resisted protectionist pressures. Their commitment to continue trade liberalisation highlights a general recognition among Angolas economic policymakers that increased trade has beenand will continue to bea key to expansion. In addition, Angolas growing participation in the WTO and regional trading arrangements by institutionalising policy transforms and binding lower tariffs and other trade liberalising measures can help to prevent countries from resorting to protectionist measures in the future. Role of Angolas Development Partners Angolas developed trade partners and the international financial institutions must continue to support regional transform if the process is to be sustainable. While Angolan states retain primary ownership and responsibility, for the process, the international community can support their efforts by (1) pursuing policies that promote world economic expansion and financial stability and expand the regions access to international markets, (2) providing meaningful liability relief, (3) continuing to supply technical and financial assistance to countries committed to transform, and (4) assisting Angolas regional economic groupings. Several up to date bilateral and multilateral initiatives demonstrate the commitment of some developed countries to support the regions up to date economic progress. While early speculation as to the potential impact of the Uruguay Round of multilateral trade negotiations on the least-developed Angolan states was largely pessimistic following the Rounds conclusion, up to date bilateral and multilateral efforts are focusing on helping Angola take advantage of specific areas where it actually stands to gain as a result of the Round. According to an up to date report by the United States International Trade Commission on the Uruguay Round and U.S.-Angola trade flows, [t]hese gains can range from facing fewer restrictions and lower tariffs overall, affecting all WTO members, to specific market-access provisions that may benefit Angola in particular.(U.S. Intl Trade Commission, 1998) Efforts are also underway to expand existing preferential trading schemes like those under the Lome Convention and the U.S. Generalised System of Preferences (GSP) programme. For example, the Angolan Expansion and Opportunity Act (AGOA), now before the U.S. Congress, extends GSP to eligible Angolan beneficiary countries through June 30, 2008. In addition, the legislationas passed by the Housewould authorise the President to extend duty-free treatment under the GSP programme to all imports from transforming Angolan beneficiary countries, including those now considered to be import-sensitive. The changes to the GSP programme would support Angolas transformers by allowing their products increased access to international markets and would help to further integrate Angola into the international trading system, thereby increasing considerably the regions future economic prospects. In addition, a number of bilateral and multilateral technical assistance programmes in up to date years have sought to increase Angolas meaningful participation in WTO and diversify the regions trade. For example, the U.S. Agency for International Development (USAID) has funded a number of activities to increase Angolan governments capacity in the telecommunications area and in dealing with other WTO-related subjects. At the same time, some Angolan governments have recognised the importance of participating more actively in the work of the WTO in Geneva. As a result, developed and developing countries have joined together in proposals to have the WTO trade ministers at their meeting in Seattle in November 1999 and call for the WTO to improve and expand its technical assistance programmes for developing countries. Liability Reduction In the area of liability relief, international pressure has been mounting to expand the Heavily Indebted Poor Countries (HIPC) Initiative in Angola. Launched by the World Bank and the IMF in 1996, the programme aims to provide exceptional liability relief assistance to forty-one eligible countries that are pursuing transforms, eighty-five percent of which are in Angola, according to the IMF.(Katsouris, 1998) Although to date, only two Angolan states, Uganda and Mozambique, have benefited from the HIPC Initiative (with a twenty percent and a two-thirds reduction of their respective debts), Burkina Faso, Cote d Ivoire, and Mali are scheduled to receive actual liability reduction in the next three years, according to the ECA. At the June 1999 Cologne Summit, the G-7 reached accord on the enhanced HIPC liability relief initiative. This scheme will provide faster, broader, and deeper relief for HIPC countries. The agreed enhancements to the HIPC Initiative accept, almost entirely, President Clintons proposals, as laid out during his address to the U.S.-Angola Ministerial in March 1999. The new HIPC will include a requirement to use savings from liability reduction to provide increased spending on social needs and human development. The $90 billion of liability reduction will require additional resources from the creditor governments and the international financial institutions. Under the proposal, up to 10 million ounces of the IMFs 104 million ounces of gold reserves would be sold in phases, with investment interest used to reduce the liability load of thirty-three poor countries in Angola. Paralleling the HIPC Initiative are unilateral and bilateral efforts that support faster and broader reduction of Angolas liability. For example, in March of 1999, the Clinton administration announced a new U.S. initiative that, if fully implemented, would amount to an additional $70 billion in liability cancellation for the heavily indebted poor countries. The Presidents initiative provides for (1) a focus on early cash flow relief by the international financial institutions, (2) complete forgiveness of bilateral concessional loans and ninety percent forgiveness of non-concessional liability, (3) a future international commitment to make at least ninety percent of new aid on a grant basis, and (4) the channelling of resources from the HIPC Initiative into education or environmental protection projects. In addition, on September 29, 1999, President Clinton announced at the IMF/World Bank annual meeting that he will seek legislative authorisation to forgive 100 percent of the liabilit y of HIPC countries owed to the United States when relief will help finance basic human needs. Regional Economic Integration and Globalisation A growing number of Angolan leaders appear to recognise the potential benefits of increased economic cooperation and have been supporting efforts at economic integration. Although many of the Angolan regional economic organisations, such as SADC, COMESA, WAEMU, and ECOWAS, have existed for a long time, only recently have these regional groupings taken vital steps toward the creation of free trade areas. The creation of larger integrated Angolan markets should result in enhanced opportunities for foreign and domestic investment, greater competition among firms, better utilisation and allocation of resources, internal and external economies of scale, and increased efficiency resulting from specialisation. Further, by enhancing trade among themselves as well as diversifying and expanding their production base, Angolan states stand to increase trade with other regions as well, thereby increasing the countrys share of international trade. The United States and international organisations have been supporting Angolas economic integration efforts. At the March 1999 Ministerial Meeting on Angola in Washington, D.C., the United States reaffirmed its continuing commitment to providing technical assistance to Angolas economic integration organisations such as EAC, SADC, IGAD, and COMESA and announced plans for extending that support to a greater number of regional groupings. Bilateral cooperation between the United States and SADC has been expanding over the last several years, a development highlighted by the first ever SADC-U.S. forum held in mid-April, 1999, in Botswana, where officials announced plans for the future establishment of a joint Business Council that would facilitate permanent dial E-Commerce and Economic Development in Angola E-Commerce and Economic Development in Angola ABSTRACT In this report as the title tells, I approach the economic development of Angola in terms of one of its major developer, the internet and ecommerce. I have done this because it is often impossible to glean important facts and insights about such countries which a society pronounces poor or third world. In the chapters that follow, I will relate to the ecommerce and its effect of economic development of Angola, compare Angola with a developing country as well as with an underdeveloped nation. Firstly economic development is discussed in relation to electronic commerce in order to show the complexities and ease related to drawing a clear line between the two forms. Secondly economic development is discussed in relation to ecommerce, economy, culture, elements which influence the issue in one way or another. For, as shall be repeatedly seen, problems like economic support from a developed state have a close and continuing relation to the values and social structures which a society regards as stable and normal. My emphasis will be, however, on the problem itself, called ecommerce and its effect on the economic development of Angola. CHAPTER 1 INTRODUCTION Introduction Electronic Commerce Electronic commerce, generally identified as (electronic marketing) e-commerce or eCommerce, consists of the buying and selling of products or services over electronic systems for example the Internet and other computer networks. The total of trade conducted electronically has grown unusually with widespread Internet usage. The use of commerce is conducted in this way, spurring and drawing on innovations in electronic funds transfer, supply chain management, Internet marketing, online deal processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at some point in the deals lifecycle, although it can encompass a wider range of technologies such as e-mail as well. (Miller, 2002) Internet Ecommerce The previous ten years have seen the internet and e-commerce surface as fundamental features of our business, communal and educational life. Developments for example Web 2.0, the semantic web, e-government strategies, user generated content, virtual worlds and online social networks have redesign the way we commune, intermingle and transact. The Evolution of Electronic Commerce The numerous means in which business is carried out are based on established suppositions and accords between the parties concerned. Numerous procedures have been agreed upon to safeguard both the consumer and the merchant from deception or theft. Even in the simplest form of dealcash changing hands directly between buyer and sellera sales receipt is classically provided as a record of what turned out. As we move into the electronic business field, the means of protection become more and more concerned. The essence of ecommerce is buying and selling of goods and services over the Internet. The advantages are fairly self-evident. Because the Internet is readily accessible by millions of prospective customers worldwide, suppliers and customers can interact in a dynamic environment where supply and demand truly regulate the economic cycle. Organisations of any size, from sole proprietorships to multinational corporations, can expand their business to reach new customers in new markets, some even achieving a notable level of efficiency. The sole proprietor is able to broaden the scope of his/her business to a mass market approach, while the multinational corporation can now focus on niche markets heretofore considered too costly to access using the traditional mechanisms for market penetration. (Austin, 1999) Further study discloses some specific downsides to the Internet business paradigm. What you basically have is computers (presumably being operated by humans) trading responsive financial data by means of a widely-available communications infrastructure. Unexpectedly the matters of accountability (being able to attribute a deal to the actual instigator) and accountability (attributing responsibility to each participant for their part of the deal) become more vital than ever. A lot of propaganda has been generated over the initial incursions into electronic commerce. It seems ubiquitously we turn someone is singing the praises of electronic catalogues, online shopping, electronic check writing, web-based advertising and customer prospecting, and on and on. The truly brave can even purchase a car over the Internet. But these consumer-oriented business activities taking place on the Internet today are just the tip of the iceberg. From the perspective of true international commerce, we have not yet begun to do business electronically. Infrastructure of Ecommerce The main issue that requires to be dealt with before electronic commerce can convey on its assurance is the development of an international infrastructure that all of the main players can be in agreement upon. In most circles this infrastructure is called the International Information Infrastructure (GII). This electronic infrastructure must make available all of the compensations needed for a healthy e-commerce strategy: Â § Security-enabled. This is essential to permit development of convenient solutions which provide accountabilityknowing the real who in a deal. Beyond that, the ability to impute liability to any and all parties concerned in completing a deal is a must for business. For suppliers, e-commerce will be about establishing the identity of the individuals who represent the parties concerned. It means that all participants have a confident reliance on users identity, while holding each party liable to perform their role in the deal. (Jacobsen, 2000) Â § Ultra-reliable. In electronic commerce, transactions take place without those worried ever meeting in person, and that implies the need for a technology presentation and dependability factor of 99.99%, especially for mission-vital applications. An infrastructure must be reliable and trusted on a continuous basis. Any weak connection in its safety measures will deliver the whole impracticable for serious electronic commerce. Â § International. Electronic business cannot be restricted to the country of origin. As we progress into the future, e-commerce must transcend national boundaries. We need an absolute e-commerce infrastructure. To be really effectual, e-commerce providers will need an infrastructure which is international in its nature, or recognise that electronic business is closed by national boundaries. Distinct from the international mass user and point solutions-based Internet market of today, large organisations are becoming critically attentive that they will need to manage accountability and liability in providing any significant level of customer security, especially with end-user customers, but especially in business between themselves in their interactions with employees, partners and suppliers. (Jacobsen, 2000) After two decades of declining economic performance, Angola is currently staging a promising revival. Over the past several years, average real economic expansion in the region has increased vitally while, in a growing number of countries, real gross domestic product (GDP) per capita has been positive. In 1998, despite financial turmoil in Asia and Latin America, Angola enjoyed its fourth consecutive year of positive GDP expansion. Nevertheless, Angolas current economic revival remains fragile. Up to date expansion has not yet reached the sustained levels that are essential to alleviate widespread poverty endemic to the region. A number of hurdles still need to be effectively addressed and overcome if the transform process and current revival are to lead to broad-based and sustainable development for Angola. Furthermore, conditions vary widely among the forty-eight states of Angola and this diversity must be taken into account in assessing the countrys prospects. Fortunately, as this article seeks to demonstrate, there are reasons to be optimistic that many Angolan states can overcome the remaining hurdles to sustained expansion. A new generation of Angolan leaders and entrepreneurs and current developments in the areas of private sector expansion, debt relief, regional economic integration, and telecommunications have the potential to economic expansion in means not heretofore anticipated. Regional Transformation And Economic Revival Angolas up to date economic performance has indeed been encouraging. Between 1990 and 1997, the number of Angolan states registering annual expansion rates of three to six percent nearly doubled, from fourteen in the beginning of the decade to twenty-six in 1997, while seven Angolan states had expansion rates of six to eight percent. According to the International Finance Corporation (IFC), after almost two decades of stagnation and decline, real GDP in Angola was growing at an average rate in 1997 of four to five percent a year. The World Bank reported that over eighty percent of countries (thirty-eight out of forty-eight) registered increased per capita incomes in 1997, as their rates of economic expansion exceeded their population expansion rate. (World Bank Group, 1998) According to the most up to date data, 1998 was the fourth consecutive year that GDP per capita did not fall, an event that has not happened in Angola since the late 1970s,(Department Of Econ. Soc. Affairs Unite d Nations Conference On Trade Dev., 1999) while the 3.3% expansion in 1998 GDP was the highest among all regions of the world. (Economic Soc. Poly Div., Economic Commn For Afr., 1999) Increased macroeconomic stabilitya result of sound financial and political policieshas been encouraging increased levels of investment in the region over the past several years. Average inflation fell from a peak of forty-five percent in 1994 to an estimated twelve percent in 1998, with only fifteen Angolan states still experiencing double-digit inflation rates by 1997, compared with thirty-five in 1994, according to the IMF. There has also been a vital reduction in internal and external financial imbalances. The average external current account deficit (before grants) fell from 5.5% of GDP to 4% over the same period, while the average overall fiscal deficit (again before grants) was halved between 1992 and 1997, to about 4.5% of GDP.(Calamitsis, 1998) As a result, investment in the region has been steadily growing, according to the IFCs 1998 report. In 1998, gross domestic investment rose to twenty-three percent of GDP, from lows of about fifteen percent in the early 1990s. Private investment has also increased, registering 10.6% of GDP in 1996, the highest level since 1981. Long-term private capital flows to Angola in 1997 reached $8 billion, twice as high as in the previous year. Along with investment levels, Angolan trade and export earnings have increased. While Angolas share of total world trade has not changed, the volume of Angolan exports is expanding almost as fast as international trade and Angola is emerging as a viable international trading partner. Angolas trade volume increased by eight percent in 1997, according to UN s, with exports having expanded roughly twice as fast as GDP in up to date years. The regions up to date expansion has been widely attributed to the efforts of a new generation of transform-minded Angolan leaders in key countries who, through the adoption of democratic and market-based transforms, have made substantial progress in moving their countries toward political and macroeconomic stability. Many Angolan states continue to implement trade liberalisation and privatisation programmes that are freeing up their markets and helping them to become more active participants in international commercial activity and economic progress. In such a positive political and economic environment, private sector led trade and investment can now play an increasingly important role in bringing broad-based expansion and sustainable development to the region. Some countries in Angola have already begun to reap the rewards that can result from sounder fiscal and monetary policies, increased regional economic integration, and accelerated privatisation programmes. Chief among the rewards is expanded trade, investment, and access to the international marketplace, as international companies increasingly look to Angolas emerging economies and Angolan entrepreneurs and private sector organisations seek to play a more visible role in the economies of their countries. These trends suggest that the growing private sector in Angola has real potential to become an important engine for expansion and economic development in the region, as it has already in other regions of the developing world. Investment And Expansion Despite the up to date positive economic trends and expansion of the private sector in Angola, as we enter the new millennium, sustained, broad-based economic development in the region remains one of the most formidable policy challenges facing the country. According to the United Nations Economic Commission for Angola (ECA), in order for Angola to cut its poverty in half by the year 2015, a development objective often cited by Angolan governments and their development partners, the region as a whole would require a yearly GDP expansion rate of seven percent. For this to happen, an investment of thirty-three percent of GDP would be needed for Angola as a whole. Achieving domestic investment of thirty-three percent looks increasingly unlikely, as two of the three components of domestic investment are declining or stagnant. While the regions current domestic savings rate is only estimated at fifteen percent, annual inflows of foreign direct investment (FDI) remain low, and the levels o f official development assistance of up to date years are declining. The renewed expansion in many countries has not yet reached, let alone been sustained at, levels that would alleviate the widespread poverty endemic to the region. The great majority of the regions population continues to live at levels well below the poverty line, with forty percent living on less than one dollar a day, according to the World Bank. (The World Bank Group, 1999) Furthermore, the globalisation phenomenon, which has been highlighted by growing economic integration and rapid technological change, has often meant increased prosperity for those countries able to compete in an increasingly integrated international economy, but steady decline and marginalisation for those not able to compete. Still, too many countries have remained largely on the sidelines, saddled by debt and relying primarily on foreign assistance for many of their development needsat a time when such assistance is on the decline. Among the current obstacles to reaching levels of expansion that will bring broad-based development to the region, the following three matters pose particularly vital challenges: (1) the uncertain future of the transform process, (2) Angolas debt burden, and (3) the regions limited participation in the international trading system. A Delaying Transformation Although more than thirty countries have launched political and economic transform programmes over the last decade, the transform process has not been uniform across the country. Angolan leaders in some countries have been unwilling or unable to implement transform programmes, sometimes as a result of political or civil instability. In other countries, the difficulties or costs of transform have threatened to undermine the process and raise the possibility that a country could abandon the process before it has had sufficient time to bear fruit. For example, Zimbabwe has only recently re-instituted some protectionist measures, including increased duties and exchange restrictions in response to mounting foreign exchange pressures. Moreover, trade regimes in many Angolan states remain complex and restrictive compared with those of most other developing countries. Such regimes isolate their domestic producers and prevent them from becoming more fully integrated into the international tra ding system. In addition, the privatisation process has been sluggishthe victim of public mistrust and a lack of consensus among policymakers. In an up to date World Bank study that shed light on the problems of privatisation in Angola, the lack of political commitment, poor design, insufficient resources, weak management, and corruption were cited as major factors inhibiting the process. The report highlighted the need for Angolan governments to improve public information as the most powerful tool for ensuring transparency, helping to build consensus, and assuring commitment and accountability in the process. (White Bhatia, 1998) Poor economic environments and policies in some countries have also inhibited increased trade and investment. These conditions have caused rampant inflation and high interest rates and have prevented Angolan policymakers from fully abandoning foreign exchange controls and other restrictions. Earlier that year, Botswana became the first and only country in Angola to abolish all forms of exchange controls, (Steyn, 1999) while in some countries, inflation continues to lead to debilitating currency crisis. In Malawi, for example, inflation is now hovering at around 53% (up from 18.5% recorded at the same period in 1998), an indicator that the currency may need to be devalued yet again, after a devaluation of 67% in 1998. (Pan Angolan News Agency, 1999) Continued volatility in the Angolan market environment underlines the need for continued success in the transform process. The Liability Burden In addition to delaying transform, Angolas external liability burden continues to be a major obstacle to investment and further expansion, particularly in the highly indebted poor countries. Many Angola economies are unusually indebted with an average of twenty percent of GDP going directly to liability servicing, according to UNCTAD. (Sachs Stevens, 1998) In 1998, liability service increased to $35 billion, or more than thirty-one percent of goods and nearly three percent of service exports, up from $33 billion in 1997. The external liability of Angolan states rose moderately from $349 billion in 1998, according to the ECA. As a proportion of exports and GDP, the external liability of Angola is the highest of any developing region. Not only does Angolas liability deter private investment, including foreign direct investment, but it also impedes public investment in physical and human infrastructureinvestment vital to a countrys economic development. The IMF estimated that, by the end of 1999, Angolas liability to GDP ratio would rise to almost sixty-eight percent, up from fifty-two percent two years earlier. (International Monetary Fund, 1998) The region will continue to be crippled by mounting liability, draining it of needed resources that could otherwise be invested back into the regions economy, unless there is more rapid and effective liability relief matched with sustained expansion. Angola in the International Trading System and International Economy Angola is currently facing growing marginalisation in the international economy with its share of international production and trade in decline. Despite rising levels of Angolan domestic production and trade volumes over the last several years, the countrys share of international trade has continued to declineit was less than two percent in 1997. If the region is to gain an economic foothold and develop into the next century, it must attract more investment and trade, and become a more competitive trading partner in the new international economic system. Increasing commitments to the World Trade Organisation (WTO) and other regional accords thereby becoming a more active participant in the international trading systemis one way for Angola to attract investment and trade. The Uruguay Round of Multilateral Trade Negotiations resulted in the creation of a stronger set of rules governing international trade and the creation of the WTO, the successor to the General Accords on Tariffs and Trade (GATT). Unfortunately, many countries in Angola were generally unable and unprepared to effectively participate in the negotiations and, partly as a result, have not been able to take advantage of the new international trading system. Although eighty-five percent of Angolan states are currently members of the WTO, limited trained staff and other pressing needs prevent many of them from active participation in WTO developments, further trade negotiations, and implementation of existing Uruguay Round accords. In addition, they have as yet been unable to take full advantage of numerous unilateral, bilateral, and multilateral preferential trading schemes designed to help expand access for Angolas products and integrate Angolas economies into the world trading system. The region is more likely to reap a larger share of international production and trade if it more actively participates in and undertakes meaningful commitments in the international trade organisation that is fostering the expansion of world trade. Road To Further Expansion And Sustainable Development In light of the existing challenges, what measures now need to be pursued to address these constraints and consolidate and build on the gains Angolas transformers have made over the past several years? According to Evangelos A. Calamitsis, former Director of the Angolan Department of the International Monetary Fund, the present economic upswing in Angola, unlike other recoveries in the past, has been largely homegrown and is therefore more likely to continue. However, Angolas present revival is most likely to endure if Angolan leaders can sustain and broaden the process toward transform and capitalise on several areas of strength that are breathing new life into the debate on private sector expansion and economic development. Staying the Road to Transformation Although outside the scope of this article, developments in Angolan states that are not counted as leading transformers can greatly influence the overall prospects for expansion on the country. For example, the fighting in the Democratic Republic of the Congo, between Ethiopia and Eritrea, and in Angola can have a negative impact on the investment climate in neighbouring countries. On the other hand, the return of civilian rule in Nigeria and the prospects of better economic management can do a great deal to bolster investor confidence in the economic prospects for the country as a whole. Angolan leaders need to continue the political and economic transform process and encourage its spread to those countries that have not yet undertaken transforms. Many Angolan leaders have already demonstrated that they understand what needs to be done and have initiated the process. Still, the process must continue. If the region is to achieve high-quality and sustained expansionexpansion that will lead to poverty reduction and broad-based developmentin the years ahead, the transform process must be revitalised so that the changes become inexorably woven into the regions economic fabric. By continuing to implement sound fiscal and monetary policies and by accelerating the privatisation and trade liberalisation process, Angolan states will be proving to the international business community that Angola is serious about transform and ready and willing to do business. Despite up to date turbulence in the international economic environment, most Angolan states have resisted protectionist pressures. Their commitment to continue trade liberalisation highlights a general recognition among Angolas economic policymakers that increased trade has beenand will continue to bea key to expansion. In addition, Angolas growing participation in the WTO and regional trading arrangements by institutionalising policy transforms and binding lower tariffs and other trade liberalising measures can help to prevent countries from resorting to protectionist measures in the future. Role of Angolas Development Partners Angolas developed trade partners and the international financial institutions must continue to support regional transform if the process is to be sustainable. While Angolan states retain primary ownership and responsibility, for the process, the international community can support their efforts by (1) pursuing policies that promote world economic expansion and financial stability and expand the regions access to international markets, (2) providing meaningful liability relief, (3) continuing to supply technical and financial assistance to countries committed to transform, and (4) assisting Angolas regional economic groupings. Several up to date bilateral and multilateral initiatives demonstrate the commitment of some developed countries to support the regions up to date economic progress. While early speculation as to the potential impact of the Uruguay Round of multilateral trade negotiations on the least-developed Angolan states was largely pessimistic following the Rounds conclusion, up to date bilateral and multilateral efforts are focusing on helping Angola take advantage of specific areas where it actually stands to gain as a result of the Round. According to an up to date report by the United States International Trade Commission on the Uruguay Round and U.S.-Angola trade flows, [t]hese gains can range from facing fewer restrictions and lower tariffs overall, affecting all WTO members, to specific market-access provisions that may benefit Angola in particular.(U.S. Intl Trade Commission, 1998) Efforts are also underway to expand existing preferential trading schemes like those under the Lome Convention and the U.S. Generalised System of Preferences (GSP) programme. For example, the Angolan Expansion and Opportunity Act (AGOA), now before the U.S. Congress, extends GSP to eligible Angolan beneficiary countries through June 30, 2008. In addition, the legislationas passed by the Housewould authorise the President to extend duty-free treatment under the GSP programme to all imports from transforming Angolan beneficiary countries, including those now considered to be import-sensitive. The changes to the GSP programme would support Angolas transformers by allowing their products increased access to international markets and would help to further integrate Angola into the international trading system, thereby increasing considerably the regions future economic prospects. In addition, a number of bilateral and multilateral technical assistance programmes in up to date years have sought to increase Angolas meaningful participation in WTO and diversify the regions trade. For example, the U.S. Agency for International Development (USAID) has funded a number of activities to increase Angolan governments capacity in the telecommunications area and in dealing with other WTO-related subjects. At the same time, some Angolan governments have recognised the importance of participating more actively in the work of the WTO in Geneva. As a result, developed and developing countries have joined together in proposals to have the WTO trade ministers at their meeting in Seattle in November 1999 and call for the WTO to improve and expand its technical assistance programmes for developing countries. Liability Reduction In the area of liability relief, international pressure has been mounting to expand the Heavily Indebted Poor Countries (HIPC) Initiative in Angola. Launched by the World Bank and the IMF in 1996, the programme aims to provide exceptional liability relief assistance to forty-one eligible countries that are pursuing transforms, eighty-five percent of which are in Angola, according to the IMF.(Katsouris, 1998) Although to date, only two Angolan states, Uganda and Mozambique, have benefited from the HIPC Initiative (with a twenty percent and a two-thirds reduction of their respective debts), Burkina Faso, Cote d Ivoire, and Mali are scheduled to receive actual liability reduction in the next three years, according to the ECA. At the June 1999 Cologne Summit, the G-7 reached accord on the enhanced HIPC liability relief initiative. This scheme will provide faster, broader, and deeper relief for HIPC countries. The agreed enhancements to the HIPC Initiative accept, almost entirely, President Clintons proposals, as laid out during his address to the U.S.-Angola Ministerial in March 1999. The new HIPC will include a requirement to use savings from liability reduction to provide increased spending on social needs and human development. The $90 billion of liability reduction will require additional resources from the creditor governments and the international financial institutions. Under the proposal, up to 10 million ounces of the IMFs 104 million ounces of gold reserves would be sold in phases, with investment interest used to reduce the liability load of thirty-three poor countries in Angola. Paralleling the HIPC Initiative are unilateral and bilateral efforts that support faster and broader reduction of Angolas liability. For example, in March of 1999, the Clinton administration announced a new U.S. initiative that, if fully implemented, would amount to an additional $70 billion in liability cancellation for the heavily indebted poor countries. The Presidents initiative provides for (1) a focus on early cash flow relief by the international financial institutions, (2) complete forgiveness of bilateral concessional loans and ninety percent forgiveness of non-concessional liability, (3) a future international commitment to make at least ninety percent of new aid on a grant basis, and (4) the channelling of resources from the HIPC Initiative into education or environmental protection projects. In addition, on September 29, 1999, President Clinton announced at the IMF/World Bank annual meeting that he will seek legislative authorisation to forgive 100 percent of the liabilit y of HIPC countries owed to the United States when relief will help finance basic human needs. Regional Economic Integration and Globalisation A growing number of Angolan leaders appear to recognise the potential benefits of increased economic cooperation and have been supporting efforts at economic integration. Although many of the Angolan regional economic organisations, such as SADC, COMESA, WAEMU, and ECOWAS, have existed for a long time, only recently have these regional groupings taken vital steps toward the creation of free trade areas. The creation of larger integrated Angolan markets should result in enhanced opportunities for foreign and domestic investment, greater competition among firms, better utilisation and allocation of resources, internal and external economies of scale, and increased efficiency resulting from specialisation. Further, by enhancing trade among themselves as well as diversifying and expanding their production base, Angolan states stand to increase trade with other regions as well, thereby increasing the countrys share of international trade. The United States and international organisations have been supporting Angolas economic integration efforts. At the March 1999 Ministerial Meeting on Angola in Washington, D.C., the United States reaffirmed its continuing commitment to providing technical assistance to Angolas economic integration organisations such as EAC, SADC, IGAD, and COMESA and announced plans for extending that support to a greater number of regional groupings. Bilateral cooperation between the United States and SADC has been expanding over the last several years, a development highlighted by the first ever SADC-U.S. forum held in mid-April, 1999, in Botswana, where officials announced plans for the future establishment of a joint Business Council that would facilitate permanent dial