International Intercultural Management Essay Example | Topics and Well Written Essays - 2250 words

International Intercultural Management - Essay Example The world intercultural dinner is an annual framework that is meant to diversify the different aspects and cultures of different countries in the entire world, for instance, the traditions, life-styles and circumstances, social distinctions, political loyalties and the understanding of languages. The main goal of this essay is to vividly describe the international, intercultural management of some of the chosen countries within the world. The key chosen countries for this essay will be China and France. The objectivity of the intercultural dinner is to bring leaders together and instill peace in a multicultural setting to bring about a sense of belonging and oneness. This is a good platform for leaders to share their visions and to learn from others who have different perspectives, thereby facilitating the understanding of the different cultures from different countries within the world. In addition, it promotes social cohesion through the embracement of the intercultural dialogue and the understanding of the social diversity (Jacob 2003, p. 30). Therefore, the main objective of the annual intercultural dinner was to bring about a peaceful cohesion through a respectful exchange of views and ideas from different individuals from different cultures, leading to a deeper understanding of the different perspectives embraced by different communities from the entire world. Therefore, intercultural management is defined as the most effective functionality of a diverse group of people becau se of either ethnicity of or nationality. Experts on the intercultural management recommend the use of communication systems and methods, use of organizational cultures that enhances learning as well as the use of human resource management system in order to broaden the diversified field of culture (Jacob 2003, p. 35). France and China have since 1964 developed such a strong political relation, dating back from the period when France developed an official diplomatic

Global finacial crisis Research Paper Example | Topics and Well Written Essays - 2500 words

Global finacial crisis - Research Paper Example Liquidity rate is the process of transforming solid assets into actual money. It is an indication of insufficient flow of finances. This work focuses on the global financial crisis with regards to its causes, effects and remedies among other aspects. This crisis was caused by several factors more so in the developed world. One of the major causes was the collapse of the real estate sector in 2006. This occurred when the sector lost its securities (pricing). The majority of major financial institutions had to close some operations since majority of them depend on the real estate. This happened when the U.S among other developed nations like United Kingdom established some policies that enabled citizens to own homes by creating a general platform for easy access of housing loans and mortgages. This was a predicament that the move would provide adequate capital to the banks through safe interests. This caused housing prices to reduce from 2006 to 2012. Several real estate agencies or co mpanies reported the greatest losses in the entire history of the sector. This could be indicated in the regional and international stock markets. The policy enables the majority to own their own homes, hence very few people were left to rent or purchase housing facilities from the real estate sector or agencies. ... Most of these companies are funded by institutional investors as well as foreign banks. This compelled President George W. Bush to declare insufficient bailout to the majority of the homeowners who could not repay their mortgage debts or loans. In short, the crisis was a result of policies that enabled citizens acquires loans to build their private residential structures, only for the majority of them to fail to pay their mortgage debts. The government had to offer some bail out, even though at some point, the president declared that were limited resources to offer such bailouts. Depreciation of house prices increased to an extent that such values were far much below the mortgages. This created a kind of foreclosure in the financial sector. From 2006, there was a kind of financial drain from the consumers; as a result, this weakened financial stability among the banking institutions. There was a huge pool of loan defaulters, which compromised the housing market and the national econo my as a whole. The loss was estimated to be trillions of U.S Dollars on a global scale. Much blame for the crisis is placed on the U.S government to establish some policies that encouraged direct deals between the citizens and the global or major financial institutions. History indicates that before 1970, United States ventured on a certain business or economy strategy where vital economic issues were enclosed to the government and not the public. During that period, there were limited deals between the governmental or global financial institutions and private developers, instead the government recognized corporations, companies or partners. Any party wishing to get some loans was to