Skimming is Winning Free Essays

Skim reading could be what leads to the next epidemic for written works. This can be explained as the phenomenon in which readers pick out only what appear to be the most important and valuable pieces of information from a text. In â€Å"Skim reading is the new normal. We will write a custom essay sample on Skimming is Winning or any similar topic only for you Order Now The effect on society is profound.† Maryanne Wolf delineates the negative effects of skim reading on our intellectual processes such as; critical analysis, deep reading, and research surfacing as individuals move into digital based modes of reading. Wolf introduces the term â€Å"cognitive impatience† to explain how we are unable to take the time to concentrate because skimming has taken over most of our reading. This affects our ability to comprehend important information.† The argument states that humans are losing the ability to use their intellectual comprehension skills when it comes to reading. Skim reading is affecting the process to obtain information without analyzing the facts. This leaves the reader with â€Å"false information and demagoguery.† False information is obtained through skim reading as the â€Å"act† itself causes one to attain general information and words which can lead to misinterpretation. In addition, it adds a prejudice point of view as the reader fails to dive into facts which stand to be the main focus of the information being presented, and this can be explained as demagoguery. As a solution, she comes up with the idea of a â€Å"bi-literate† brain that will be capable to form the deepest of thoughts on either traditional or digital forms. It will benefit everyone as it will create a sustainable society by giving us the ability to seek more knowledge than we already have. Essentially, Wolf’s essay is a warning of the dangers that skim reading has. It is leading individuals to misinterpret knowledge causing them to have false information. In her opening paragraphs, Wolf states (â€Å"The neuronal circuit that underlies the brain’s ability to read is subtly, rapidly changing – a change with implications for everyone from the pre-reading toddler to the expert adult.†) The term â€Å"Cognitive impatience† is introduced and explained how individuals around the world are slowly becoming impatient when it comes to reading denser, more difficult texts. It is stated that what underlies â€Å"cognitive impatience† should be critically analyzed far more than the problem itself. Specific real-life examples are presented in relation to cognitive impatience, such as wills, contracts, and voting. For instance, contracts are essential when getting a job, purchasing a house, etc. If individuals fail to read the information correctly regarding the agreements or rules, it can cause them to miss out on specific information one may need to know to avoid unnecessary conflict. The author stresses the importance of deep reading by presenting real-life factors that rely on our growth as a society. The use of these examples in the article is a way of appealing to the reader’s emotions, having them become more aware of the impacts skim reading can have even in situations we would not think of, such as the ones that were stated previously as well as digital skim reading. Technology has affected the ways in which we obtain information. As it becomes more advanced we are beginning to rely on technology to gain access to the information that we may require. However, various studies have proved that digital screen use may be causing troubling effects on reading comprehension in high school and college students. Ziming Liu from San Jose University conducted a study where he indicated that Skim reading is becoming the new â€Å"norm.† Many students began to glance at specific words and sentences for the rest of the text. When the brain skims likes this, it does not allow us to â€Å"to grasp complexity, understand others feelings, perceive beauty and for readers to have thoughts of their own.† By this, the author is trying to inform us that reading is comprised of more than just understanding the moral of a story. It is about being able to connect with the author and the emotions being presented, look at situations from a different perspective, as well as create thoughts of our own as we read in depth. Since technology has become a widely used tool in classrooms, this is seen as an opportunity to explain how it is affecting the information that we acquire. Negative effects of reading in digital modes can appear as early as the fourth or fifth grade. The author grasps the attention of the readers by informing them how early the effects of screen reading can affect the mental health of students. By this, she raises awareness to those who provide technology to their children or students constantly. For instance, parents giving their children technology to keep them occupied from a young age can cause them to rely on technology, hindering the development of basic reading skills leading to the underdevelopment of the child’s brain. Scientific terms, such as circuit, neuroscience, and brain were present to stress and further explain the issue of skim reading. The author uses various studies conducted by psychologists as evidence to further support her argument. Anne Mangen, a psychologist from Stavanger, Norway came to a conclusion indicating (â€Å"That student’s who read on print were superior in their comprehension to screen-reading peers.†) The reading circuit is a part in our brain that both psychology and science are parallel to. When our brain cannot comprehend information, or critically analyze along with various basic reading skills, it affects our brain which in turn affects psychological behaviours. The author references other neuroscientists which show the timeline the issue began, to stress the point that this is an issue across all age groups. Reading is a lot more than just being able to comprehend the text, It is being able to critically analyze and empathize, which is a crucial factor. It involves being able to understand the perspective of the author and the emotion they are trying to portray. Wolf also introduces a type of â€Å"bi-literate brain†, a brain capable of forming the deepest thoughts in traditional or digital mediums. The author does not only stress the importance of deep reading, perspective taking, analyzing, comparing etc. just for a simple book or text, but also indirectly tells us to have the same view towards our society and the way we live. The Bi-literate brain will help view life and certain situations in other perspectives, look at things and be appreciative of the beauty around us and also be able to create beauty with our imagination and ideas. Being able to go beyond our current knowledge and dig deeper to reach the knowledge, is necessary to sustain a good society. Wolf Indirectly states that using those same reading skills can also be used in real life to create a better future not only for literature but also our society. As the future moves society into a more digitized world, members are becoming unable to comprehend information accurately. â€Å"Cognitive impatience† the inability to take time and read, is leading readers to be unable to properly comprehend the information accurately because skimming has become a norm. This causes a prejudiced outlook due to readers being misinformed. It is no doubt that Wolf’s article is a warning towards individuals in every age group to stress the point, how we are slowly diminishing in utilizing our basic reading skills such as critical thinking, analyzing, and deep reading. As Wolf presents real-life factors that are essential to our growth, we as members of society also have a duty to go beyond the knowledge that we already acquire and sustain a good society. How to cite Skimming is Winning, Papers

Financial Accounting Accounting in a Competitive Economy

Question: Describe about the Financial Accounting of Accounting in a Competitive Economy. Answer: Introduction Accounting standards are the rules, regulations and policies that help an organization to run effectively and smoothly. The Australian Accounting Standards Board (AASB) is the agency of the government of the country that issues the AASB standards and includes the Australian equivalent to the IFRS (International Financing Reporting Standards). In the year 2007, the AASB modified the Standards of accounting such that the requirements are identical to the IFRS that were issued by the IASB for the entities (Shim, Siegel, Shim, 2012). However, it has been found that the AASB/ IASB are against the present concept of materiality. Therefore, in this report, the general concept of materiality has been discussed along with its application in the firm Wesfarmers and also the problems of materiality in the context of the present AASB / IASB standards and framework using the annual report of the particular company has also been discussed in details. Concept of Materiality The concept of materiality is also known as the materiality constraint. It is defined as the information related to finance that is considered as the material of the financial statements that would alter the view or the opinion of rational personnel. It can also be said that all the vital financial information might affect the users opinion regarding the financial statements. This conception of materiality is of greater importance and is relative in size. As per Williams (2012), it has been found that some of the financial information of a company might be useful to some of the people like stakeholders or some of the financial information might be considered as material to some of the companies. On the other hand, it might happen that the same financial information might not be considered as the material rather it might be considered as the immaterial to the other companies and persons. The concept of materiality addresses that the financial information might make a differentiation b etween the users of the financial statements (Needles Powers, 2012). Therefore, as per the need and concept of materiality the company adds the financial information for disclosing the financial condition of the firm to its stakeholders and if the financial information is considered as immaterial to the accountant of the firm then the information will not be added to the annual report of the particular firm. Therefore, it can be said that concept of materiality varies from one organization to another. For example, within the firm Wesfarmers, the materiality is based on the accounting standard AASB 1031. As per this particular accounting standard AASB 1031, this is considered as an interim standard that generally cross-references to the Framework and Standards that consists of the guidance regarding the materiality. On the other hand, the accounting standard AASB 2013-9 reflects the Amendments to the Accounting Standards of Australia Materiality, Conceptual Framework and Financial Instruments. As per this standard, several amendments are considered as a result of issuance of AASB CF 2013-1 and will make amendments to the specified standards of accounting in order to delete the references to the AASB 1031 (Wesfarmers.com.au, 2016). The particular company Wesfarmers for measuring fair value and disclosures implement the following methods the fair value is calculated based on the quoted prices in active market and the fair value is determined by using the inputs for liability and assets, which are depended on the market data that are observable. Issues of materiality in regard to the existing AASB / IASB standards There have been pertinent issues relating to the concept of materiality as per the IASB/AASB framework. Investors are required to be informed of the financial condition of the business enterprise before making essential financial decisions (Bevis, 2013). The concept of materiality emphasizes on certain financial items that can only be considered relevant for executing investment and financial decisions. In the case of Wesfarmers Limited, there are relevant financial items that should be directly related to the financial condition of the entity. These are the amount of assets and liabilities in the organization and the amount of profits made by the business enterprise in the previous financial year (Narayanaswamy, 2014). However the value of intangible assets is subjected to certain constraints. As such, the determination of intangible assets is subjected to the perception of the investors. In addition, the determination of prepaid expenses in the organization and its treatment is ano ther issue in the concept of Materiality. BHP Billiton assesses the prepaid d expenses of the organization as a current asset. However, this depends on the opinion of the investors. The IASB/AASB recognizes this essential issue in the concept of materiality, thereby, having an adverse influence on the preparation of financial statements of a business enterprise (Warren et al. 2013). As per the financial statements prepared by BHP Billiton, the recognition of Bad debt recovered is another important essential issue recognized by IASB /AASB. In instances, the Bad Debt recovered can lead to issues relating to recording and assessing of accounting information as per the financial statements of a business enterprise. As such, bad debt recovered has been a pertinent issue in the concept of materiality as per the IASB/AASB. Besides this the IASB /AASB has imposed strict guidelines relating to the allocation of variable expenses to the cost of production .As per the financial statements prep ared by Wesfarmers Limited , the brand has numerous variable expenses that adds to the cost of production . Hence, such variable expenses have to be reconsidered when presenting the financial report to the investors of the company. The concept of materiality determines the variable expenses of an organization as per their relevancy and usefulness to the production process (Porter Norton, 2012). As such, the standards set by the concept of materiality cannot be judged against the measures implemented by the IASB/AASB. As such, recognition of variable expenses is an important issue as per the IASB/ AASB framework .m Conclusion The AASB 1031 standard is an interim standard which adheres to the international standard of accounting and financial reporting. The materiality disclosures followed by Wesfarmers Limited follows this standard, thereby, presenting the financial information to the investors. However, as per IASB/AASB the information presented to the external parties constitutes certain issues when information is disclosed as per the materiality concept. These include- determination of the value of intangible assets, depreciation as well as bad debt recovered. Thus, the IASB and the AASB framework have rightly identified materiality issues when preparing the annual financial statements of a business enterprise. References Bevis, H. W. (2013). Corporate Financial Accounting in a Competitive Economy (RLE Accounting). Routledge. Home - Wesfarmers. (2016).Wesfarmers.com.au. Retrieved 26 May 2016, from https://www.wesfarmers.com.au Narayanaswamy, R. (2014). Financial Accounting: A Managerial Perspective. PHI Learning Pvt. Ltd.. Needles, B. Powers, M. (2012).Financial accounting. Mason, OH: South-Western Cengage Learning. Porter, G., Norton, C. (2012). Financial accounting: the impact on decision makers. Cengage Learning. Shim, J., Siegel, J., Shim, J. (2012).Financial accounting. New York: McGraw-Hill. Warren, C., Reeve, J., Duchac, J. (2013). Corporate financial accounting. Cengage Learning. Williams, J. (2012).Financial accounting. New York: McGraw-Hill/Irwin.

Nature Essay Example Essay Example

Nature Essay Example Paper Nature Essay Introduction Nature Essay Body Paragraphs Nature Nature has always been a force to reckon with because of the power it has to either create or destroy. Despite humans being ecologically dominant in the world, their survival has always been connected to nature. This connection originates from the interaction that humans have with nature, which constantly surrounds them. For instance, humans need air, water and food for their survival. All these factors are part of nature, and it is because of this fact that it is crucial for man to attempt and understand his natural surroundings. The understanding of nature is beneficial because it enables one to gain an understanding of one’s self and the dynamics of human society. Nonetheless, a conflict usually arises among freethinkers when the power of nature over man is questioned. However, historical events often suggest that it is impossible for man to conquer nature. The book Into the Wild by John Krauker is a perfect example of the man vs. nature conflict. The book is based o n the account of Chris McCandless life and death as he attempted to conquer nature. It highlights the story of a 24-year-old college graduate who after renouncing most of his possessions including his vehicle and life savings, decides to explore nature and the experiences it presents. He sets out from home leaving his family behind to accomplish his quest, which was inspired by his heroes Jack London and John Muir. This book attempts to analyze the relationship between man and nature by following the trail left behind by Chris McCandless during his adventure while putting emphasis on his tragic death. While this book is a good literal material, its analysis is relevant in revealing the power of nature and its relation to the survival of man. In the book Into the Wild by John Krauker, Chris McCandless has an interesting relationship with nature. His interpretation of nature conceives society as not part of nature. The separation of society from nature in his mind is evident when he d ecides to live in the wilderness because of his contempt towards the society, which had caused him too much pain and disgust. He believes that nature is a different entity as compared to society. It is because of this reason that he sees the decision to seclude himself from society as an action that will give him the self-awareness and social progress that is lacking in the confines of society. To him, nature is a retreat that has already been explored by denouncers of the society like Henry David Thoreau and John Muir. In addition, Chris McCandless is in constant conflict with himself on whether he can conquer nature. It is evident from the beginning of the book that Chris McCandless had the urge to prove to himself that he had power over nature. It is partly because of this unsettling urge that he decides to live in the wilderness. However, through out history nature has always bested man except for isolated cases where man chose to work according to the fundamental principles of nature. This is evident in the book when he changes his ideology and decides that nature is only a refuge for a short while and that true happiness can only be shared. This change of mindset by Chris McCandless shows how his relationship with nature had evolved since he first set foot into the wild. Apparently, he seems to agree with the fact that nature is a dominant force that has power over man. One dominant perception about nature in the book â€Å"Into the Wild† is that nature is neither benevolent nor nurturing. This is a fact that is in perfect agreement with reality with an exception of isolated cases. It is well known that nature’s principle of natural cause and effect can work against man or for man depending on the circumstances presented by a situation. A majority of people share the misconception that nature is kind and caring but only because they have no first hand experience of life in the wilderness. Life in the wilderness can be chaotic and threatenin g to human beings especially if the human being is isolated from the society. This is because nature is composed of uncontrollable and powerful forces that often create an environment that reduces the odds that favor human survival. These forces include weather, natural calamities and the environments natural inhabitants like disease causing microorganisms. In the book, certain instances clearly elaborate on the harshness of nature to man. When Chris McCandless first comes up with the idea of retreating to the wild, his views towards nature are of positive form. He sees the wilderness as an environment that is pure and free from the evils that are present in the modern society. However, as the tale unravels in the subsequent chapters, the true nature of the wilderness is revealed. In October 1990, Chris McCandless encounters a flash flood while driving across the Lake Mead National Recreation Area. This force of nature forces McCandless to abandon his vehicle and part of his luggage , which were very crucial for his survival in the wilderness. Another extreme example that can be used to show the cruelty of nature is the circumstances surrounding the tragic death of Chris McCandless. Apparently, McCandless suffers from food poisoning after eating poisonous potatoes because he was starving. His demise in the hands of nature acts as proof that nature is the least bit benevolent or nurturing. Moreover, the author of the book strives to portray nature as unpredictable. Given the technological advancements made in the field of science today, it is possible to predict certain elements of nature like weather and natural calamities like earthquakes. However, nature still has some sense of unpredictability. It is not possible to predict the specific conditions that nature will present at a certain specific time. For instance, earthquake-warning systems can only manage to provide warnings within a few seconds of a severe earthquake. Therefore, this shows that science has not adequately captured the dynamics by which nature functions. In the light of this fact, it is virtually impossible for an individual isolated from society to survive in the confines of nature if he does not understand nature itself. This lack of understanding amplifies the extent to which nature can present itself to an individual as harsh. In this book, the unpredictability of nature has been featured well by the author. In chapter one, Jim Gallien tries to convince McCandless to reconsider his plan to live in Denali National Park in Alaska. Gallien tries desperately to make McCandless understand that nature is unpredictable because in his mind he is certain that McCandles is not ready for the harsh conditions of life in Alaskan outdoors. McCandles even goes as far as declining Gallien’s offer to buy him decent gear and in the end, McCandles dies in the hands of nature because he thought he could easily predict and adapt to nature. Apparently, his body is discovered on th e sixth of September in1992 at a broken down bus in Denali National park. The police department found the body of Chris McCandless, 5 rolls of exposed film, the SOS note that he had written and a diary with 113 entries. Later an autopsy revealed that McCandless starved to death with his corpse weighing only sixty-seven pounds. Even though nature may be unpredictable, the book also uses other examples to show that man can indeed triumph over nature. A good example is the story of John Waterman, which shows how he triumphed over nature against all odds. John Waterman successfully climbs Mt. Denali in Alaska with very little gear despite being diagnosed with a mental condition that forced him to spend time in a psychiatric hospital. The isolated case of John Waterman can only be explained by speculating that he was lucky or that he was in harmony with the principles of nature. Other examples include Jack London and John Muir who were popularly known denouncers of society. It is from th ese two people that Chris McCandles drew his inspiration. Nature can indeed be tamed through scientific methodologies. This enables man to improve his relationship with nature and creates further understanding of the phenomena that nature possesses. Like all species, humans have exercised their impulse to interact with nature. In doing so, man has been able to domesticate landscapes and ecosystems in ways that enhance food supplies while at the same time reducing exposure to predators and natural disasters. The net results of the domestication of nature have been mostly positive with man finally having the ability to harness nature’s full potential. Taming of nature is indeed beneficial to humans because they can eliminate the factors in nature that they do not prefer, therefore, shaping the universe to their own liking. Although nature can be tamed, it is usually wiser to preserve with exception to adventurous exploration. The use of science to tame or domesticate nature oft en presents challenges. There are usually significant and unforeseen changes in the ecosystem’s attributes, which can lead to natural disasters. Natural disasters like earthquakes and landslides are in most cases a result of unsuccessful attempts by humans to domesticate nature. For instance, scientists often make unwise decisions while quantifying the tradeoffs among ecosystems, which cause the imbalance of nature. It is because of this reason that nature should be preserved for the purposes of distant or close exploration. It is only through close exploration that nature can be properly tamed for the benefit of man. In this book, the author uses the attempts by McCandles and others like him to explore nature as illustration that the idea is always unwise. A good example is the story of Gene Rosellini who was commonly known as the Mayor of Hippie Cove by Alaskan locals. Rosellini tried to explore the wild while independent of modern technology. She later concluded that his a ttempt to live off the land was a failure after thirty years and then committed suicide. McCandles is also a good example because his story resonates perfectly well with that of Gene Rosellini. McCandles who had been driven to the wilderness by his contempt towards the society tried to explore the wild to no avail. His entire life in the wild was marked with tragic incidences like the flash flood incident, which robbed him of his car and personal belongings. He later succumbed to death when he tried to prove that he could triumph over nature by trying to explore the harsh conditions that existed in Alaska with very little gear. In conclusion, nature remains a mystery that is beginning to unravel due to the influence of technological developments in the field of science. However, its strong forces continue to dominate man due to their ambiguity and unpredictability. The book â€Å"Into the Wild† by John Krauker has perfectly captured this fact by broadly addressing the man vs. nature conflict through real life accounts of people who had first hand experience with nature. Through the illustrations in this book, one can be able to analyze whether nature is a phenomenon that can be tamed by man. One can also be able to determine if the preservation of nature for adventure or observation has any advantages to man. Despite the answers to those questions, it is clear that the human vs. nature conflict is not over, at least not yet.

11 Main Challenges Faced By Admin Assistants

11 Main Challenges Faced By Admin Assistants Administrative assistants work in every industry, and their jobs are  extremely demanding. If youre not one, you might not know how hard they work, but don’t underestimate the grueling nature of their day-to-day or the amount of education they needed to get there! And if you are one, you know all too well the struggles that come from this often underappreciated job.Here are a few challenges admin assistants face on the regular.1. Difficult PersonalitiesEver had a bad boss? Yeah, well, administrative assistants are tasked to those bad bosses 24/7. Their whole job is to deal with those demanding, aggressive, socially awkward, self-important, micromanaging lunatics. So show a little respect.2. Devaluation of their JobIf you’re an admin assistant, everybody just assumes you’re not qualified enough to get a real job. That’s mostly because they have no idea what your job actually entails. No one multitasks or juggles better. But admin assistants are too humble to correct you. They know what they know.3. Clean-up Responsibilities for AllThe task of office clean-up, and also the general putting out of everybody else’s fires and fixing of everybody’s messes, almost always falls to admin assistants. Next time you see a handwritten sign taped over the festering sink, think of how many weeks of suffering in silence went on before that sign even went up.4.  Youre Always on CallEven though admin assistants have little authority, they are expected to know almost everything and they can be blamed for almost everything that happens to go wrong. And they are expected to be available whenever anybody needs them.5. Inconsistent Whims and DemandsAdmin assistants aim to please and are always trying to carry out a boss’s wishes and anticipate his or her needs. But so often bosses keep moving the goalposts and changing the rules. It can be enormously frustrating to keep up.6. Inappropriate RequestsIt’s bad enough having to ba bysit your boss and your colleagues. Sometimes you’re asked to actually babysit children when a coworker or your boss brings theirs to work. Or you’re asked to go get someone’s dry cleaning (someone you dont report to) or run another ridiculous errand.7. Shooting the MessengerEven if you didn’t screw up, you’re the one who usually gets yelled at- by everyone. Admin assistants are constantly in the direct line of fire.8. Lack of Trust and TimeYou could either end up with a boss who rides you on every little detail, or even worse, one who doesn’t have any time for you. It’s very hard to do your job if you don’t get at least a few minutes a day of face time to make sure you know what’s needed of you.9. Theres Rarely a ThanksOf all the things you’ll hear said or shouted at you as an admin assistant, â€Å"thank you† is almost never one of those things. Even and especially when you were the one who saved the day .10. No Time to Do It AllAs an admin assistant, your list of tasks- and the stack of papers on your desk- is gargantuan. You make deadlines just fine, but the to-do list never seems to shrink.11. No MoneyPerhaps the biggest injustice done to admin assistants is the egregious lack of compensation. Nobody gets paid less given their work and worth.So next time you feel like yelling at an assistant- or just dumping some thankless jobs on their desk, don’t! Imagine what their day must be like first and show a little love. And if you are one, thanks for all you do. We appreciate you.

Home Schooling Essay Example | Topics and Well Written Essays - 1000 words

Home Schooling - Essay Example Looking at the nature of homeschooling it can be noticed that it seriously needs regulation. The regulation comes with challenges. The regulation of homeschooling has over the years had various critics criticizing its necessity. As much as there are various points that successfully explain the lack of necessity for homeschooling, there are arguments with bigger intensity explaining the need for regulating homeschooling. The arguments mainly proves the necessity of regulation of homeschooling to ensure its productivity. Discussion One reason why home schooling should be regulated is because of the high rate at which its rising and the high possibility of it being abused. Some parents might take advantage of homeschooling to serve their own interests. This is a possibility in cases where parents are trying to hide some aspects of their current or past lives. For instance, violent parents might take advantage of homeschooling to hide the inhuman things that they do to their children. Th is way they will be able to hide the bruises that result from the mistreatment that they subject their children to. This will create a scenario where the children will be having their basic rights violated, but no one will come to their rescue because no one knows. This can also be used by parents with criminal records to serve their own interest (Kunzman, 2009). However, it is clearly evident that this can have very minimal effect on the overall effectiveness of the productivity of homeschooling. Homeschooling should also be regulated because of the quality of education that all individuals are entitled to. Researches have it that, without proper regulation, the quality of education given to homeschooling students can easily be compromised. As much as there is always a fixed curriculum to be followed by both homeschool and public school teachers, it is hard to tell whether the homeschool teachers effectively cover the curriculum. This will mean that, in the end, the students would not have attained the intellectual maturity that is expected of a student that has gone through the United States of America’s education system (McMullen, 2002). The ultimate result of this sub quality education is that the students will not be able to keep up with the students going through the standard type of education both at higher levels of education and in various professions. Students who have gone through homeschooling through their high school years are less expected to major in the natural sciences than the non-homeschooled students, and that more attention has to go to this because of the growing number of homeschooled students in the United States of America. Homeschooled students are not exposed to professional science teachers and labs and so do not have as many options, with their growing number this could be a threat the education system (Phillips, 2010). This will definitely call for regulation because the increase in the number of people being homeschooled will, therefore, mean that there is a significant decrease in the number of professionals in natural science, a factor that might affect the country economically, politically and socially. Taking a look at the motives that parents usually have when

Implications of Globalization and Technology on Negotiation Essay

Implications of Globalization and Technology on Negotiation - Essay Example Our world is dynamic in nature and it has become more advanced with the boom in technology and rapid globalization. The basic aim behind globalization is to promote and increase the trading exercises among different countries. This leads to the equal distribution of material wealth, goods and services which enhances the remarkable growth in overall structure of the economy in any country. Furthermore, it also helps in building sound international relations as well as competition at different levels among different countries. Globalization has left its deep effects on regional economies, trading activities, policies, societies and cultures. It has given a new definition to terms such as communication, trade and transportation. It has been commonly thought that factors like technology, economy, politics and other socio-cultural have played an important role in coining the term known to the world now as â€Å"globalization†. We cannot underestimate the importance of technology in today’s world of extreme modernization and advancement. Technology has played a vital role on the horizons of business and more specifically it has left its deeper impacts on international business. But how globalization and technology have their impact on negotiations and what changes are brought about by both of them? It is worth mentioning that globalization has given rise to tough international competition and in today’s world of advancement it has become a game of the survival for many growing economies and more specifically economies of the third-world countries are already considered as under-threat by such tough competition with technology as a second most important element collaborating directly in this game of survival . (Stroper, 1992). The implication of globalization and technology on negotiations can be explained by a very

In the light of the decision in Bankers Insurance Co Ldt v South Essay

In the light of the decision in Bankers Insurance Co Ldt v South (2003) EWHC 380, consider to what extent exclusion clauses in hooliday insurance contracts shou - Essay Example It is the high time to review whether these exclusion clauses are logical and whether the existing regulations are satisfactory, if not what additional regulations are needed in this regard. It requires the regulation of holiday insurance act considering the experience of policy holders in different contexts. However if one analyzes the definition of exclusion clauses, it would be revealed that the legal system has provided several safeguards for the consumers if they are interpreted accurately. Exclusion clause may be defined as a clause which may be inserted into a contract which aims to exclude or limit one partys liability for breach of contract or negligence. However, the party may only rely on such a clause if (a) it has been incorporated into the contract, and if, (b) as a matter of interpretation, it extends to the loss in question. Its validity will then be tested under (c) the Unfair Contract Terms Act 1977 and (d) the Unfair Terms in Consumer Contracts Regulations 1999. This clearly implies that the incorporation of exclusion clause must must not violate the Unfair contract terms act 1977, otherwise its validity will not be considered. Hence the consumers must try to be in full possession of insurance exclusion clause details and attitude history of insurance company in case the problem arises due to exclusion clauses. In the context of recent judgment in bankers insurance company V Patrick South and Ian Gardener, the efficiency of unfair contract terms act 1977, unfair terms in consumer contracts regulations act 1999 and other related acts as far as the accurate interpretation of exclusion clauses has to be discussed. This judgment exposed several drawbacks that are still existing in the present holiday insurance act. Hence the present paper discusses the status of present regulations, inclusion of additional regulations for guaranteeing the fairness in protection of interests of policy holders in the context of above mentioned case. The review