China in the World Economics Essay Example | Topics and Well Written Essays - 2000 words

China in the World Economics - Essay Example At the conclusion of his trip, the Shanghai Communiqu declared a statement of their shared foreign policy views. But following the suppression of Communist demonstrators in June 1989, U.S. suspended high-level official exchanges with the PRC and weapons exports and also imposed a number of economic sanctions on account of its absence of Human Rights policies. Following the September 11 2001 attacks, the U.S. and PRC commenced a counterterrorism propaganda that positively reflected in their joint ventures and wholly US-owned enterprises in mainland China. The 1969-79 years featured normalization of relations between the People's Republic of China and the United States. The economic and political maturity of China, coupled with new concerns over the nature of Chinese-American interactions (concerns that were prompted by several circumstances, including the Vietnam War and Nixon's surprise visit to the PRC), caused the establishment of full diplomatic relations between the United States and the People's Republic of China. ... The PRC welcomed the visit for a variety of reasons, the most important of which was probably the perceived imminence of a Soviet attack on China. A second factor was Peking's concern that Japan's tremendous economic growth might serve as the basis for a revitalization of Japanese militarism until United States by virtue of its security treaty with Japan help prevent any such Japanese rearmament. The size of the Chinese economy, even measured in current U.S. dollar (USD) terms, is likely to have surpassed that of Britain and leapt to be the fourth largest economy in the world by the end of 2005. Since its re-entry into the world economy in the late 1970s, China has been a beneficiary of the international economic system. In the 1990s, more and more states pursue the strategy of entering into free trade agreements that offer preferential terms of trade among its members while discriminating against nonmembers. The establishment of the WTO in 1995, whose explicit intent was to strength en application of the principle of non-discrimination of its member economies, saw a growth in the number of FTAs. By mid-2000, one hundred and fourteen FTAs were in effect. Steve Van Andel, chairman of the US Chamber of Commerce and board chairman of the US-based Amway Company, during an exclusive interview with People's Daily correspondent Liu Aicheng stationed in the United States the Chinese markets potential and economic development to be very promising. He said: US Amway Company, founded in 1959, is a world-famous producer of household products for daily use. The company has been investing in China for seven years, with the total investment topping US$1 million, and it has planned to expand its investment

Scenario Analysis Essay Example | Topics and Well Written Essays - 1500 words

Scenario Analysis - Essay Example Analyzing the scenario, this paper will further aim at recommending remedial strategies by implementing a decision-making tool suitable for resolving the issue. Critical Analysis of the Scenario The given particular scenario exemplifies a care unit comprising thirty-two bed facilities, which include around 15 registered nurses (RNs) and 22 licensed practical nurses (LPNs). Accordingly, the newly hired nursing unit manager is charged with the responsibility of staffing, caring and evaluating operations. It has been identified in this regard that the staff members are facing excessive workload pressure due to ineffective planning and management. There is also a mixture of part-time, full-time and casual staffing in the unit of the care facility, creating perplexities and hurdles in the proper execution of operations. The staff members of the care unit are observed to be unhappy due to workload pressure. Moreover, it is also recognized that the former RN, who was appointed before the ne wly hired nursing unit manager, resigned due to non-cooperation received from other staff members. An insight into the scenario depicts that these issues were the consequence of inadequate pay in accordance with the workload imposed upon the unit manager. Decision-making Tool As per the scenario, it has been recognized that there are various issues affecting the smooth operations and working environment of the care facility of the pediatric unit. In this respect, the newly hired nursing unit manager, on identifying these issues, should adopt a decision-making tool with the objective of devising appropriate plans and strategies so that activities of staff members and other operations are managed in an appropriate fashion. In the present scenario, advancement in the technological field and knowledge in nursing have raised complexities, on the basis of which nurses are required to be more competent and knowledgeable. The major activity of the nursing unit manager is to seek that staff members execute their operations according to the requirement of situations and in accordance with the goals of the care facility. The nursing unit manager is also entrusted with the job to ensure that proper medication and services are offered to patients (Cherie & Gebrekidan, 2005). In this context, with the assigned tasks and responsibilities along with numerous issues in the pediatric unit of the care facility, the nursing unit manager can be suggested the decision-making tool of decision ladder. The nursing unit manager, with the assistance of the decision-making tool, will be facilitated with the opportunity of recognizing issues, assessing possible solutions and identifying alternative ways on the basis of which these issues can be resolved. This decision-making tool postulates a systematic procedure to resolve a particular issue as that witnessed in the given scenario. The procedure can be identified as a multidirectional and multistep process, which includes situational ana lysis, developing alternatives, examining the selected alternatives and implementing appropriate plans as suited for the resolution of the issue identified. The decision-making tool will assist the newly hired nursing manager in recognizing problems in the operations of the unit, which include patient care and requirement, work intensity and payment structure, etc.