Tourism is of major economic and social significance Essay -- Personâ€e

Tourism is of major economic and social significance. More than 720 million tourists spend $480 billion annually in places outside their own country (WTO, 2004). This is one of the largest items in the world’s foreign trade. The significance of tourism has been recognized in both developing and developed countries. This can be seen in the establishment of sophisticated and well resourced government departments of tourism , widespread encouragement and sponsorship of tourism developments, and the proliferation of small business and multinational corporations contributing to and deriving benefits from the tourism industry. In 2005, the tourism sector accounted for 3 % to 10% of the GDP of developing countries. The contribution of tourism to economic growth and development is reflected in the form of exports since it represents 40 percent of all xports of services, making it one of the largest categories of international trade (UNWTO, 2006). There is widespread optimism that tou rism might be a powerful and beneficial agent of both economic and social change, some even advocating that it might be a force for world peace. Indeed, tourism has stimulated employment, investment and entrepreneurial activity, modified land use and economic structure, and made a positive contribution to the balance of payments in many countries throughout the world. At the same time, the growth of tourism has prompted perceptive observes to raise many questions concerning the social and environmental desirability of encouraging further expansion. Do the expenditures of tourists benefit the residents of destination areas? Is tourism encouraging prostitution, crime and gambling? Does tourism rejuvenate or erode the traditional arts and crafts of host culture... ...o contain a mixture of both positive and negative strands and affect both hosts and guests (Opperman, Chon 1997; Cooper et al. 1998). As a result, in spite of the fact that some researchers regard socio-cultural change as one of the evils of tourism development, any form of economic development will, by definition, carry with it implications for social structure and cultural aspects of the host population (Cooper et al. 1998) Though originally most of the research tended to look at rural areas in the English speaking world (e.g., Long et al., 1990; Murphy, 1985) and then subsequently with reference to the impact of tourism on the communities and indigenous people (e.g., Ryan & Aicken, 2005), more recent research has looked at tourism impacts in the non-English-speaking world among the cultural representatives of those countries (e.g., Eraqi, 2007).

Pest Analysis of Automobile Industry Essay

I would like to confer my heartiest thanks to my coordinator of Business Environment and class teacher Miss Impreet Kaur for giving me the opportunity to expel and work in the field of Environmental Analysis, especially its practical applications. While preparing my project I got to have an in depth knowledge of practical applications of the theoretical concepts and definitely the things which I have learned will undoubtedly help me in future, to analyze many processes going on in our economy. I would also like to thank all those people who directly or indirectly helped us in accomplishing this project. Literature Review Competitiveness of manufacturing sector is a very broad multi-dimensional concept that embraces numerous aspects such as price, quality, productivity, efficiency and macro-economic environment. The OECD definition of competitiveness, which is most widely quoted, also considers employment and sustainability, while being exposed to international competition, as features pertaining to competitiveness. There are numerous studies on auto industry in India, published by industry associations, consultancy organizations, research bodies and peer-reviewed journals. In this section, various studies on the Indian auto industry are reviewed, under different heads pertaining to competitiveness, namely, global comparisons, policy environment and evolution of the Indian auto industry, productivity, aspects related to supply-chain and industrial structure and technology and other aspects. PESTLE Analysis PESTLE Analysis is a simple, useful and widely-used tool that helps you understand the â€Å"big picture† of your Political, Economic, Socio-Cultural and Technological, Legal and Environmental aspects. As such, it is used by business leaders worldwide to build their vision of the future. PESTLE analysis is concerned with the environmental influences on a business. Identifying PESTLE influences is a useful way of summarizing the external environment in which a business operates. However, it must be followed up by consideration of how a business should respond to these influences. It is important for these reasons: * First, by making effective use of PESTLE Analysis, you ensure that what you are doing is aligned positively with the powerful forces of change that are affecting our world. By taking advantage of change, you are much more likely to be successful than if your activities oppose it; * Second, good use of PESTLE Analysis helps you avoid taking action that is doomed to failure from the outset, for reasons beyond your control; and * Third, PESTLE is useful when you start operating in a new country or region. Use of PESTLE helps you break free of unconscious assumptions, and helps you quickly adapt to the realities of the new environment. The table below lists some possible factors that could indicate important environmental influences for a business under the PESTLE headings: Political / Legal| Economic| Social| Technological| – Environmental regulation and protection| – Economic growth | – Income distribution | – Government spending on research| – Taxation | – Monetary policy | – Demographics | – Government and industry focus on technological effort| – International trade regulation| – Government spending | – Labor / social mobility| – New discoveries and development| – Consumer protection| – Policy towards unemployment | – Lifestyle changes | – Speed of technology transfer | – Employment law| – Taxation | – Attitudes to work and leisure| – Rates of technological obsolescence | – Government organization / attitude | – Exchange rates | – Education| – Energy use and costs | – Competition regulation| – Inflation | – Fashions and fads| – Changes in material sciences | | – Stage of the business cycle | – Health & welfare | – Impact of changes in Information technology| | – Economic â€Å"mood† – consumer confidence| – Living conditions | – Internet! | PESTLE Analysis of Automobile Sector Political. * In 2002, the Indian government formulated an auto policy that aimed at promoting integrated, phased, enduring and self-sustained growth of the Indian automotive industry * Allows automatic approval for foreign equity investment up to 100% in the automotive sector and does not lay down any minimum investment criteria. * Formulation of an appropriate auto fuel policy to ensure availability of adequate amount of appropriate fuel to meet emission norms * Confirms the government’s intention on harmonizing the regulatory standards with the rest of the world * Indian government auto policy aimed at promoting an integrated, phased and conductive growth of the Indian automobile industry. * Allowing automatic approval for foreign equity investment up to 100% with no minimum investment criteria. * Establish an international hub for manufacturing small, affordable passenger cars as well as tractor and two wheelers. * Ensure a balanced transition to open trade at minimal risk to the Indian economy and local industry. * Assist development of vehicle propelled by alternate energy source. * Lying emphasis on R&D activities carried out by companies in India by giving a weighted tax deduction of up to 150% for in house research and R&D activities. * Plan to have a terminal life policy for CVs along with incentives for replacement for such vehicles. * Promoting multi-model transportation and the implementation of mass rapid transport system. Economic * The level of inflation Employment level per capita is right. * Economic pressures on the industry are causing automobile companies to reorganize the traditional sales process. * Weighted tax deduction of up to 150% for in-house research and R & D activities. * Govt. has granted concessions, such as reduced interest rates for export financing. * The Indian economy has grown at 8. 5% per annum. * The manufacturing sector has grown at 8-10 % per annum in the last few years. * More than 90% of the CV purchase is on credit. * Finance availability to CV buyers has grown in scope during the last few years. * The increased enforcement of overloading restrictions has also contributed to an increase in the no. of CVs plying on Indian roads. * Several Indian firms have partnered with global players. While some have formed joint ventures with equity participation, other also has entered into technology tie-ups. * Establishment of India as a manufacturing hub, for mini, compact cars, OEMs and for auto components. Social * Since changed lifestyle of people, leads to increased purchase of automobiles, so automobile sector have a large customer base to serve. * The average family size is 4, which makes it favorable to buy a four wheeler. * Growth in urbanization, 4th largest economy by ppp index. * Upward migration of household income levels. * 85% of cars are financed in India. * Car priced below USD 12000 accounts for nearly 80% of the market. * Vehicles priced between USD 7000-12000 form the largest segment in the passenger car market. * Indian customers are highly discerning, educated and well informed. They are price sensitive and put a lot of emphasis on value for money. * Preference for small and compact cars. They are socially acceptable even amongst the well off. * Preference for fuel efficient cars with low running costs. Technological * More and more emphasis is being laid on R & D activities carried out by companies in India. * Weighted tax deduction of up to 150% for in-house research and R & D activities. * The Government of India is promoting National Automotive Testing and R&D Infrastructure Project (NATRIP) to support the growth of the auto industry in India * Technological solutions helps in integrating the supply chain, hence reduce losses and increase profitability. * Customized solutions (designer cars, etc) can be provided with the proliferation of technology * Internet makes it easy to collect and analyse customer feedback * With the entry of global companies into the Indian market, advanced technologies, both in product and production process have developed. * With the development or evolution of alternate fuels, hybrid cars have made entry into the market. * Few global companies have setup R &D centers in India. * Major global players like audi, BMW, Hyundai etc have setup their manufacturing units in India. Environmental * Physical infrastructure such as roads and bridges affect the use of automobiles. If there is good availability of roads or the roads are smooth then it will affect the use of automobiles. * Physical conditions like environmental situation affect the use of automobiles. If the environment is pleasant then it will lead to more use of vehicles. * Technological solutions helps in integrating the supply chain, hence reduce losses and increase profitability. * With the entry of global companies into the Indian market, advanced technologies, both in product and production process have developed. * With the development or evolution of alternate fuels, hybrid cars have made entry into the market. * Few global companies have setup R &D centers in India. * Major global players like audi, BMW, Hyundai etc have setup their manufacturing units in India. Legal * Legal provision relating to environmental population by automobiles. * Legal provisions relating to safety measures. * Confirms the government’s intention on harmonizing the regulatory standards with the rest of the world * Indian government auto policy aimed at promoting an integrated, phased and conductive growth of the Indian automobile industry. * Establish an international hub for manufacturing small, affordable passenger cars as well as tractor and two wheelers. * Ensure a balanced transition to open trade at minimal risk to the Indian economy and local industry. Introduction The Indian automotive component industry is dominated by around 500 players which account for more than 85% of the production. The turnover of this industry has been growing at a mammoth 28. 05% per annum from 2002-03 onwards as illustrated in Fig. 1 which clarifies its emergence as one of India’s fastest growing manufacturing sectors. During 1990s, the auto components market in India used to be dominated by supplies to the aftermarket with only 35% exports sourced by global Tier 1 OEMs (Original equipment Manufacturers). The industry made a sustained shift to the global Tier 1 market and today, the component manufacturers supply 75% of their exports to global Tier 1 OEMs and the remaining to the aftermarket. This is largely due to the growing capability of the Indian component suppliers in understanding technical drawings, conversance with global automotive standards, economically attractive costs (manufacturing costs are 25%-30% lower than its western counterparts), flexibility in small batch production and growing information technology application for design, development and simulation. Besides the burgeoning demand of auto components from global majors, the domestic automobile industry has been showing a sparkling growth caused by increasing customer base and affordable loans. Based on this, the turnover of the Indian auto component industry is expected to touch US$ 18. 7 billion by 2009 and estimated to reach US$ 40 billion by 2014. Overview of Indian Automobile Industry The liberalized policies of the Indian Government paved towards steady evolution of India as a stable and market driven economy with the real Gross Domestic Product growth in excess of 8%, foreign exchange reserves crossing the $150 billion mark, growing value of Indian Rupee compared to US dollar and reducing inflation rate. 100% Foreign Direct Investment, absence of local content regulation, manufacturing and imports free from licensing & approvals in the automobile sector coupled with customs tariff or auto components reducing to 12. 5% resulted in increased number of multinationals establishing their bases in India and with export markets looking up, the Indian automobile industry is poised for a phenomenal growth. The automobile production in the sub-continent has been growing steadily @ 18. 53% per annum from 2002-03 onwards with total vehicle production standing at a mammoth 1,00,31,296 nos. in 2005-06 as is shown in Fig. 2. Among the automobiles, 2 wheelers account for 75. 77%, cars about 11. 09%, 3 wheelers to the tune of 4. 33%, tractors about 2. 95%, buses & trucks constitute 2. 19%, Multi Utility Vehicles (MUVs) to the tune of 1. 96% and Light Commercial Vehicles (LCVs) about 1. 71% of the total number of automobiles produced in the country. Presently, India is the second largest market after China for two & three wheelers. In tractors production, India is one of the two largest manufacturers in the world along with China. The subcontinent stands as the 4th largest producer of trucks in the world. Coming to the passenger car segment, the country is positioned 11th in car production in the world. The Indian passenger car market is far from being saturated leaving ample opportunity for volume growth since the per capita car penetration per 1000 is only 7 compared to 500 in Germany. The production of cars in the country has been growing at a mammoth 27. 58% per annum from 2002- 03 onwards as is shown in Fig. 3. In general, cars are broadly classified as Mini, Compact, Mid-Size, Executive & Premium varieties. There has been a steady rise in compact car production from 333,000 in 2002-03 to 715,000 in 2005- 06, mid-size cars from 122,000 to 204,000 nos. , executive cars from 2000 to 23,000 nos. and premium variety cars from 4000 in 2002-03 to 5000 nos. in 2005-06. The mini car segment production reduced from 150,000 in 2002-03 to 98,000 nos. in 2005-06. These statistics vividly reveal the increasing capacity of the Indian customer, thus driving the passenger car demand rapidly up the price ladder. Analysts speculate car production in the sub-continent to touch 1575,000 in 2009 and 2654,000 by 2014. Cars and MUVs exports rose from 72,000 in 2002-03 to reach 176,000 nos. in 2005-06 with growth @ 48. 155 per annum from 2002-03 onwards. Out of the two wheelers produced in India, motorcycles account for 81. 59%, scooters about 13. 42% and mopeds to the tune of 4. 99% of the total production. The production statistics is shown in Fig. 4 which shows the growth of 2 wheelers @ 16. 58% per annum from 2002-03 onwards. Out of this, motorcycles have exhibited production growth @ 19. 99% per annum, scooters @ 6. 74% per annum & mopeds @ 2. 65% per annum from 2002-03 onwards. Two wheeler production units in India constitute of Japanese OEMS (Original Equipment Manufacturers) which include Hero Honda Motors, Honda Motorcycle & scooter India (P) Ltd. , Yamaha Motor India (P) Ltd. & Suzuki Motorcycle India (P) Ltd. and Indian OEMs consisting of Bajaj Auto L t d . , TVS Motor Company Ltd. , LML Ltd. , Kinetic Engineering Ltd. , Majestic Auto Ltd. , Kinetic Motor Company Ltd. and Royal Enfield of Eicher Ltd. Out of the aforementioned, Hero Honda accounts for 39. 55%, Bajaj Auto about 26. 87%, TVS Motors 17. 98%, Honda Motors 7. 94%, Yamaha Motors 3. 27%, LML 1. 41% and the remaining 2. 98% of the total 2 wheelers production in the country. The exports of two wheelers made a significant growth from a level of 180,000 in 2002-03 to reach 513,000 nos. in 2005-06. The latest estimates put up production of 2 wheelers to 13. 6 million by 2009. Current status of the industry The industry over a period of time has installed a robust capacity as given below: Table 1. Installed capacity in different segments of the automobile industry Against this installed capacity, the production over last few years has been as: Table 2. Vehicle production, 1996-2002 In order to illustrate the volume in economic terms, the Indian automobile industry achieved a turnover of nearly US$ 8 billion (excluding component industry) during the year 1998-1999. The imports of the industry during that year were of the order of US$ 0. 8 billion. The auto component industry in the country has also made rapid strides and its turnover has almost doubled in last five-year period as the year-wise production given below indicates. 1997-1998 US$ 2. 51 billion 1998-1999 US$ 2. 71 billion 1999-2000 US$ 3. 41 billion 2000-2001 US$ 3. 58 billion (estimated) Automotive industry of India is now finding increasing recognition worldwide. A beginning has been made in exports of vehicles. However, the exports have largely remained static since 1996-1997. India is making serious efforts to tap the potential in this area. The following table indicates the situation. Table 3. Indian car exports, 1996-2001 Indian automobiles are being exported mainly to the following countries. Table 3. 4. Main export destinations. The auto component industry in India now equipped with significant advancement in its technological capabilities, due to its alignment with major vehicle manufacturers in the country and abroad, has a high export potential. During the late 1990s, the export of auto-components has grown by a CAGR of about 20 per cent. Currently, the share of exports out of the total production of auto-components is 10 per cent. During the last 5 years, the exports of auto components have been as follows: 1998-1999 US$ 292 million 1999-2000 US$ 347 million 2000-2001 US$ 400 million (estimated) Future Projections Automobile industry With the domestic auto industry now moving in step with the WTO covenants, the stage is set for it to make rapid strides domestically and internationally to attain its rightful place in the world trade. A global recession for last two years notwithstanding, the industry has shown appreciable resilience and adjusted to the challenges of the environment. Based on the general growth projections indicated by the Planning Commission of India for the next five-year period, automobile industry is expected to register growth pattern as given below. This growth estimate implies certain assumptions relating to segment-wise growth rates based on a study conducted by the National Council of Applied Economic Research (NCAER). Table 3. 5 Projections of India’s automobile industry, 2001-2012 Emerging trends in Indian Automobile Globalization is pushing auto majors to consolidate, to upgrade technology, enlarge product range, access new markets and cut costs. They have resorted to common platforms, modular assemblies and systems integration of component suppliers and e-commerce. The component industry is undergoing vertical integration resulting into emergence of ‘systems and assembly suppliers’ rather than individual component suppliers. Thus, while most component suppliers are integrating into tier 2 and tier 3 suppliers, larger manufacturers and multinational corporations (MNCs) are being transformed into tier 1 companies. Environmental and safety concerns are leading to higher safety and emission norms in the country. India has already charted out a road-map for reaching EURO-II norms across the country by the year 2005. Seven metropolitan cities of India would simultaneously move to EURO-III norms in 2005. Most vehicle manufacturers are already producing EURO-II compliant vehicles in the country to meet special requirements of capital city of New Delhi where the Supreme Court verdict has already necessitated this. To meet the concomitant testing and certification activities relating to higher safety and emission norms, testing infrastructure in the country is being overhauled. A substantive state funding is being planned in upgrading the testing infrastructure with participation of industry. Environmental pollution and the need to conserve existing supply of fossil fuels have led to search for alternative fuels. In addition to supporting greenfield research in this area, an ambitious phased programme to upgrade carbon fuel quality commensurate with higher emission norms is also being undertaken. Foreign direct investment norms have already been considerably relaxed. Unhindered import of automobiles, including new and second hand vehicles, has also been permitted. Most non-tariff barriers have also been relaxed or removed. The Government has moderated and lowered taxes and duties on automobiles, including customs duty. Value Added Tax (VAT) is also proposed to be introduced across the country from 1 April 2001. The Government has also allowed private sector participation in the insurance sector. Norms guiding external commercial borrowings (ECBs) have been liberalized and lending rates within the country have also been reduced further strengthening the environment of investment. An ambitious programme to upgrade the quadrilateral of highways in the country, the Government is laying an eight-lane expressway linking all metropolitan and several important capital towns across the country paving the way for movement of heavier haulage vehicles. Porter’s Five Forces Porter’s Five Forces of Competition framework views the profitability of an industry as determined by five sources of competitive pressure. These five forces of competition include three sources of â€Å"horizontal† competition: competition from substitutes, competition from entrants, and competition from established rivals; and two sources of â€Å"vertical† competition: the bargaining power of suppliers and buyers. The strength of each of these competitive forces is determined by a number of key structural variables, as shown in Figure 3. 3. FIGURE 3. 2 Porter’s Five Forces of Competition framework Competition from Substitutes The price customers are willing to pay for a product depends, in part, on the availability of substitute products. The absence of close substitutes for a product, as in the case of automobiles, means that consumers are comparatively insensitive to price (i. e. , demand is inelastic with respect to price). The existence of close substitutes means that customers will switch to substitutes in response to price increases for the product (i. e. , demand is elastic with respect to price). The extent to which substitutes limit prices and profits depends on the propensity of buyers to substitute between alternatives. This, in turn, is dependent on their price performance characteristics. The more complex the needs being fulfilled by the product and the more difficult it is to discern performance differences, the lower the extent of substitution by customers on the basis of price differences. FIGURE 3. 3 The structural determinants of the Five Forces of Competition Rivalry between Established Competitors For most industries, the major determinant of the overall state of competition and the general level of profitability is competition among the firms within the industry. In some industries, firms compete aggressively – sometimes to the extent that prices are pushed below the level of costs and industry-wide losses are incurred. In others, price competition is muted and rivalry focuses on advertising, innovation, and other non price dimensions. Six factors play an important role in determining the nature and intensity of competition between established firms: concentration, the diversity of competitors, product differentiation, excess capacity, exit barriers, and cost conditions. Threat of Entry If an industry earns a return on capital in excess of its cost of capital, that industry acts as a magnet to firms outside the industry. Unless the entry of new firms is barred, the rate of profit will fall toward its competitive level. The threat of entry rather than actual entry may be sufficient to ensure that established firms constrain their prices to the competitive level. * Economies of Scale – Since Indian automobile market is of order $ 350 billion, the economies of scale are very high. Thus, threat of new entrants is low. * Product Differences – Since there is hardly any difference in the offerings of the various providers, so product differentiation is low. So threat of new entrants is high. * Brand Identity – Since there is no big Retailer like Amazon. com or Wal-Mart in India. So threat of new entrants is high. * Government Policy – Since the Government Policy has been quite restrictive till now with respect to the Retail market & FDI, so threat of new entrants is low. * Capital Requirements – The capital requirements for entering in the automobile sector are substantially high( high fixed cost and cost of infrastructure), so only big names can think of venturing into this area So, in that respect threat of new entrants is low. * Access to distribution – Since in India there is no well established distribution network. So threat of new entrants is low. Bargaining Power of Buyers The firms in an industry operate in two types of markets: in the markets for inputs and the markets for outputs. In input markets firms purchase raw materials, components, and financial and labor services. In the markets for outputs firms sell their goods and services to customers (who may be distributors, consumers, or other manufacturers). In both markets the transactions create value for both buyers and sellers. How this value is shared between them in terms of profitability depends on their relative economic power. The strength of buying power that firms face from their customers depends on two sets of factors: buyers’ price sensitivity and relative bargaining power. * Product Differences – Since there is hardly any difference in the offerings of the various providers, so product differentiation is low. So bargaining power of buyers is high. * Buyer Information – Today’s customers are well educated about the various product offerings in the sector. So bargaining power of buyers is high. * Buyer Switching Costs – Since customers don’t have to pay a fat premium to be registered for provision of services , so bargaining power of buyers is high. * Brand Identity – High Brand Identity and trustworthiness reduce the bargaining power of buyers but, otherwise the bargaining power of buyers is high. * Buyer Profits – Since dealers offers discounts and various bundling services like 0% insurance, old car sale, etc, on different items. Hence bargaining power of buyers is high. Bargaining Power of Suppliers. Analysis of the determinants of relative power between the producers in an industry and their suppliers is precisely analogous to analysis of the relationship between producers and their buyers. The only difference is that it is now the firms in the industry that are the buyers and the producers of inputs that are the suppliers. The key issues are the ease with which the firms in the industry can switch between different input suppliers and the relative bargaining power of each party. * Product Differences – Since there is hardly any difference in the offerings of the various suppliers, so product differentiation is low. So bargaining power of Suppliers is low. * Supplier Information – Today’s automobile manufacturers are well educated about different Suppliers. So bargaining power of Suppliers is low. * Supplier Switching Costs – Since different Suppliers hold resources as per buyer’s requirements and a large inventory has to be maintained. So bargaining power of Suppliers is low as they would have to incur a huge cost on switching. But if they get automobile manufacturers for similar products who can pay higher Supplier switching cost is low. In such case, bargaining power of Suppliers is high. * Brand Identity – High Brand Identity and Trustworthiness of a Supplier increases the bargaining power of Suppliers. But, otherwise the bargaining power of suppliers is low. Measures for more Conducive Growth. The automobile industry across the world has great potential to trigger sustained employment, mobility, inter- sectoral industrial growth and thus conduce conditions for general economic and social well-being. However, there is need to promote and sustain international cooperation between Governments and industry. There is need for coordinated research and development, standardization of designs and broader technologies, effective cost cutting to enhance affordability and loosening of trade barriers across the globe. There are separate measures, which require addressing at the national and international levels. Some suggested steps at both levels are listed below. Suggestions at the national level. Further lessening the incidence of taxes and loosening of non-tariff barriers has to be attempted with a faster pace faster. A regime of single tax across the country is an ideal situation and possibilities of this should be explored. A vehicle retirement programme which will assist not only in fleet modernization and reduction of emission but will also provide quantum fillip to the demand should be put in place. There is a need to brief the international communities on technological and quality related capabilities of Indian automobile industry. Substantive efforts are required for educating opinion leaders and build a strong ‘Made in India’ brand in overseas markets. Existing incentives for promoting exports are considered inadequate. An institutional mechanism such as the Automobile Export Promotion Council, which can address industry-specific issues and facilitate exports is urgently required. Labor laws’ reforms to facilitate better productivity and reduction in manpower costs as has already been committed by the Government should be expedited. Greater tax incentive on expenditure incurred on research and development in automotive sector. Tariff rationalization and taming of avoidable competition between rail and road transport sectors should be carried out. In this unhealthy competition, both the industries are unable to realize their full potential. Easier availability of market credit for funding automobile acquisition is required. Despite lower interest rates, availability of easy credit in rural and semi-urban areas requires more focused attention. This can substantially spur the demand. Suggestions at the international level Serious and sustained dialogue on regional cooperation in automobile sector should begin at the earliest. Dialogue should be regular and focused in which Governments and industry should both engage. The recent statistics of custom duties show that the average tariff rates of different countries have declined. However, it has been noticed that the problem of high tariffs is still prevalent in certain sectors. These high tariffs are generally noticed in developed countries. Reduction of peak tariffs is necessary to facilitate free flow of automobiles. Non-tariff barriers should be phased out with mutual dialogue and consensus. Mutual recognition should be accorded to the testing and certification agencies in various countries. Countries should join hands in developing alternative fuels to replace the existing fossil fuels. Similar cooperation is required in other critical areas of technological development. Fragmented and limited research in each country may lead to delay and more expensive results. Affordability of quality automobiles should be focus of industry across the world to facilitate volumes and widespread ownership. Reasons of Growth. Economic liberalization, increase in per capita income, various tax relief policies, easy accessibility of finance, launch of new models and exciting discount offers made by dealers all together have resulted in to a stupendous growth of India automobile industry. Market Share Automobile industry of India can be broadly classified under passenger vehicles, commercial vehicles, three wheelers and two wheelers, with two wheelers having a maximum market share of more than 75%. Automobile companies of India, Korea, Europe and Japan have a significant hold on the Indian market share. Tata Motors produces maximum numbers of mid and large size commercial vehicles, holding more that 60% of the market share. Motorcycles tops the charts of two wheelers with Hero Honda being the key player. Bajaj by far is the number one manufacturer of three wheelers in India. Passenger vehicle section is majorly ruled by the car manufacturers capturing over 82% of the total market share. Maruti since long has been the biggest car manufacturer and holds more that 50% of the entire market. Global recession has impacted, the Indian automobile industry also and can be seen clearly in the sales figures of the last financial year. Even then this industry has high hopes in 2009-2010, as banks have reduced loan interest rates and the major chuck of automobile customers belong to the middle income group who are becoming economically stronger with every passing day. Conclusions Easier and faster mobility of people and goods across the regions, countri.

Failure and Success of Jamestown - Free Essay Example

Sample details Pages: 3 Words: 964 Downloads: 8 Date added: 2019/03/18 Category Analytics Essay Level High school Tags: Failure Essay Did you like this example? What is a triumph? Triumph, a word not commonly used amongst the small world of middle schoolers, or anyone in general, means to be successful or to reach a great achievement. Although you may not use this word often, we all know one of its synonyms, victory, and have all experienced this joy whether it be you getting an A on your math test, which is your worst subject, or simply learning how to finally ride a bike as a younger child. Even though these are smaller things to feel triumph over, you still feel as if your world has brightened up, and although you felt this happiness, the people in Jamestown weren’t blessed with quite this great overload of bliss as the tragedies of colonization in Jamestown, first, took them down.. Don’t waste time! Our writers will create an original "Failure and Success of Jamestown" essay for you Create order What is a tragedy? When the word tragedy comes to mind you may not get the best feeling as the noun carries a misfortunate event. It also carries along the possible feeling of loneliness or that you’re alone. The people trying to create colonization in the new world witnessed plenty of tragedies one knowingly being the ultimate loss of a loved one and without them even knowing the ultimate loss and sickness of themselves. Background info on attempts on settlement/ why settlement was so important in relation to Great Britain? After the discovery of the New World by Christopher Columbus, and the failure of Roanoke, the first attempt at colonization, the desire to colonize was sparked again. King James the first, in 1606, granted a charter to the Virginia Company of London, a joint stock company wishing to benefit economically off the new, discovered area, to begin the New World colonization. The king saw this expansion as an opportunity to build his country’s wealth, by trade, bring them more power, search for the rare minerals of gold, and benefit from mercantilism, supplying England with new raw materials only produced in North America. What is Jamestown? Jamestown was the first successful attempt at colonization in the New World for North America. This colony then, became the base for The United States as even more people felt the need to break away from the King of England and the rest of his country. Triumphs of Jamestown 1) tobacco: In the year of 1612, the colonists of Jamestown began to make large amounts of money after investing in the seeds of tobacco. They had been introduced to this cash crop by John Rolfe, a colonist recently stuck on the island of Bermuda. He thought the crop would bring the settlement money and dig them out of their struggling times; he was right. The want for tobacco at the time was strong and not only that, but multiple countries were interested in smoking tobacco. John Rolfe was also a big help to the Jamestown colonists because he was married to Pocohantas, the daughter of Powaton, the chief of the Virginian Native Americans. 2) first successful settlement 3) first representative gov. As the colony was at a huge struggle point on its unknown way to success, the Virginia Company of London thought that, because they feared the downfall of Jamestown and the loss of their desired profit, they would try to grow the settlement’s population and attract more people to their colony by providing them with something they couldn’t find in England. Sir George Yeardley, the governor of Virginia, following orders by the Virginia Company of London, instructed the colonists to build a new form of government. About twenty to thirty colonists came together for their first assembly to create the first form of representative government in the colonies called The Virginia House of Burgesses. This document provided the colonists with more say in their government and made sure the colonists voices were always heard. John Smith Tragedies of Jamestown Starving Time: Not too long after Jamestown was formed in 1607, the colonists ran into a dead end as a time of discouragement fell upon the new settlers. A want for food and no one motivated enough to make it almost threw the colony of Jamestown to dust. This period of time from 1609 to 1610 was known as Starving Time. Colonists were so desperate for food that some even transferred to cannibalism, eating anything they could. JOHN SMITH: This time was unacceptable in the eyes of John Smith, an Englishman, working with the Virginia Company of London, the sponsor for Jamestown, and one of the first council members of Jamestown, as he saw the hungry and careless colonists of the Jamestown colony. Smith enforced power by telling the colonists that they who â€Å"will not work shall not eat.† His famous quote motivated the colonists to work, ultimately contributing to the growth of Jamestown and the resolution to their hunger. Native Americans: Geography of land: The colonists of Jamestown had no experience settling so therefore didn’t know how to pick the location for their settlement. All they had was the instructions and rules from the Virginia Company of London and their mission to protect and defend their fort. Therefore, colonists chose land on a peninsula to make it easy for them to receive supplies from England and later, help with trade. Their location was ideal in all ways to them as they also stayed away from the Native Americans and the Spanish army, but little did they know that their final area of settlement was not good in terms of their well-being. The colonists what seemed so great peninsula idea wasn’t looking too good after finding out that loads of malaria infested mosquitos found the water as their home and saw that the sea water flow from the water was also unbearable, making it difficult to find the necessary water they needed to reach a successful, stable colony.

The Role Of Roles Of The Formation And Development Of...

Although environment does play an important role in the formation and development of gender roles, it is not the only influence of gender roles. Biology also plays an important part in the determination of gender roles. In 1978, Braggio et al gathered data on the topic of cross specie observational study on the comparisons of the behavior of children, juvenile chimpanzees, and juvenile orangutans (Jarvis 269). The results showed a consistency of males performing a higher RT (physically vigorous sets of behavior such as chase, jump and play fight (Jarvis 268)) frequency across all three species. The researchers argue that this is caused by hormonal determinism in the two genders. Whatson and Stirling (1992) concluded that those male infants across three species commonly possess a source of testosterone, which exerts an organizing effect upon behavior (Jarvis 269). Jarvis promotes an evolutionary argument for this phenomenon; since ancient times, male creatures had to compete against other conspecifics for survival resources. Thus those who managed to do so are more likely to survive and pass on their genetics with such traits (Jarvis 269). Rough and Tumble play exist almost entirely in males. Since the only similarity all the subjects from cross-cultural and cross-specie is gender, it is safe to assume that there is a linkage between biology and RT. 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When developing a daycare design, a consultant needs to keep these elements in mind to foster the optimal development in young children. Vygotsky’s theory can be applied in a daycare setting to foster cognitive development. When guiding children

Ci The Most Secretive Government Agency - 1863 Words

What’s the most secretive government agency in the world? You guessed right, it’s the Central Intelligence Agency. The Agency as the insiders like to call it, is one of the greatest intelligence agencies in the world. I’m going to talk about several aspects of the CIA which will include the history, roles, responsibilities, and other various tidbits of information that are pertinent to the Agency. The CIA has a history that is shrouded in mystery. The Agency’s history is rich with patriotic acts that rival the likes of the GRU (Russian Intelligence), MI6 (British Intelligence), and Mossad (Israeli Intelligence). These agencies are some of the top Intelligence Agencies in the world, yet the CIA is constantly topping the list by being the†¦show more content†¦President Bush then created the D(CIA) position, which isn’t much different from the previous positions. While creating this act, he also created the NCTC and DNI position. The present D(CIA) is John O. Brennan, he reports to the Director of National Intelligence, was nominated by the President and selected by the Senate. He primarily manages operations, personnel, and the agencies budget. The CIA’s headquarters is in Langley, Virginia. The Agency has been involved in several different historic wars, the most recent being the â€Å"War on Terrorism†. They were involved in Operation Neptune Spear which is arguably the most important operation that the CIA was ever involved in. Neptune Spear was where the CIA and the Navy Seals worked in a joint operation together to assassinate Osama Bin Laden. There are several different roles and responsibilities that the CIA, these roles and responsibilities range from intelligence gathering to covert operations designated by the President. The Agencies roles include collecting, analyzing, evaluating and disseminating foreign intelligence. They also assist the President, senior government officials and policy maker s in making decisions relating to national security. However, the CIA does not make policy, they follow the policy designated by the President and various other senior officials. When the POTUS receives intelligence from his officials, he in turn tells the D(CIA) that the agency

Is there Truth in Art Essay Example For Students

Is there Truth in Art? Essay Art is all things made by man which are collectively perceived to have creative value, including but not limited to: elegant mathematical proofs, interesting cosmological models, paintings, and great literary works. All of these â€Å"frivolous† activities by their nature lead us closer to truth. Plato will of course disagree with this claiming that by further skewing the shadows on the walls of his cave we are obviously further from truth. However, isn’t refocusing our lens the best way to capture more of the picture. Art lets us shift our perception and communicate it to our species. Paintings, which are held of value, did not get to that position by mistake. It was a conscious decision of our species to consider it art. The perspective the artist provides is one that is possibly different from our own. Looking at the night sky everyone sees something different, but we all have Van Gough’s Starry Night to interpret together. This offers us a liberating new glance towards beliefs we may already hold. While it can be argued that culture affects our perception too heavily to be open to new ideas portrayed in art, through expression of a new way in approach those who wish to see beyond what their rose coloured glasses show them, have an opportunity to see. In an epistemological pursuit for knowledge, language is a way to express new paradigms and reform old ones. The central problem is without a universal way of expression it is difficult to transmit knowledge across our diverse peoples. Art like the use of metaphor or an elegant mathematical, allows us to understand the ideas and move past the problems of language. For example, almost all representations of the inner working of atoms have been given through metaphor. Thompson’s raisin bun model to describe the way electrons and protons were arranged permitted Bohr to prove him wrong and devise a new method. Similarly, in the case of the epicycles, this perfectly crafted idea was destroyed by Copernicus and Galileo only after it had been understood. An iconoclast cannot fulfil his duty without knowledge of the traditional knowledge he is destroying. These artistic representations give us a way into both seeing and understand the current in order to create the future. As a new way of seeing and a way into understanding, ideas with artistic appeal give us a collective view of the world that no other species, which we know of, is privileged with. We are given the gift of not only experiencing the world around us, but trying to comprehend it.

The Trip To The New England Colonies free essay sample

Essay, Research Paper The Trip to The New England Colonies My trip started off with the 30 twenty-four hours ocean trip across the mighty Atlantic. Not cognizing that I would be sent to the well established settlement of Jamestown. I would be remaining with the mean household. They are to allow me remain on history of rent from my publishing house in England. My tenant, a well developed adult male. He runs a silverworker store. He is besides an creative person. I am certain he will demo me pieces of his work. His married woman, a really friendly lady from the studies. She is half Indian. They have 2 boies. Both good built and are really gracious. They are immature grownups. So far in twenty-four hours 12 of my 30 twenty-four hours ocean trip I don? Ts have any illness symptoms. I had seen many people eating icky nutrient and non cognizing it. I was afraid so I ate every bit small as possible. We will write a custom essay sample on The Trip To The New England Colonies or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page I knew I could do it. Finally twenty-four hours 28 had reached. I was excited to be off the seashore of Jamestown. I figured that by the clip we reached at the dock that we would be in for the dainty of fresh nutrient. The H2O on board is yellow and it stinks. The nutrient is turning this so called hair. It was awful to eat but we had nil else. It was past midnight and I cant slumber due to the crowded floors. I hear a voice, # 8220 ; I heard we? ve reached the point. # 8221 ; I began to acquire aroused and over whelmed. I eventually could eat something fresh. I ran up to the deck non cognizing that the captain wasn? T in his cabin. He looked up to the cat on the Crow? s nest. He said, # 8220 ; Sir I see land. # 8221 ; I neer think it would go on. I made it. The Sun was get downing to come out and light began to uncover land. I could see the garrison but it was a weak position. I see the people at the seashore line wave and happy to see the riders. I couldn? T Tell who I was to accommodate with but I thought I had an thought. There was a nice household standing in the far left. I think that they new what I looked like. After a hebdomad had gone by I got used to the life. I helped out with my portion of jobs and in the store. I helped out with the male childs analyzing. I didn? T know that here they learn how to read from the Bible. After a few months had past I began to observe about the household? s traditions and things they do. I began to see Mrs. Wise have more and more Quilting Bee parties. The Boys do more work around the store. Besides Mr. Wise ease off working every bit hard. He must get downing to base on balls the concern on T o the male childs. At the Quilting Bee parties Mrs. Wise would hold several ladies over and hold a party out of doing a comforter. Most of these parties had around 20 people. The put together several people because it makes it faster to do comforters. I noticed several misss larning from their female parents how to sew and so 4th. I besides noted about there importance of Church. I saw that their discourses lasted 2 or 3 hours. Back in England they lasted around 20 proceedingss. They would socialise and observe major events during church besides. I noted that the Indians there taught the settlers really good. They taught them how to pin down fish, and happen wild herbs and leafy vegetables. Although subsequently Roger Williams a clergy was about arrested in 1636 for back uping land rights for Native Americans. I saw many enslaved people. The Wises did non believe in bondage. African Americans were either slaves or apprenticed retainers. In 1775 I learned they were one fifth of the population. Trading was of import to the settlers. Merchants helped to interrupt the barrier between settlements. They helped to do better integrity. I noted about the towns category differences. Most were in-between category. Native Americans ranked at the underside of the category list. They were neer treated with regard for all the thing s that they did for settlers. Gentry were known as the rich people. The apparels told about the adult male. I notice the turning struggle traveling on between Native Americans and Settler in the struggle over the land. The settler killed the Native Americans by disease, guns, and intoxicant. The Natives didn? T have an unsusceptibility to the disease like the settlers did. The settlers matrimony rites were really different than that in England. The Quakers didn? Ts have a curate at the nuptials. They besides married at place non at church. Marriage was for life. Wifes could non run off with out the hubby giving a divorce. Their spiritual rites were different excessively. They had a Sabbath twenty-four hours on Sunday. It was required that you be at that place unless you were making work. Their version of the bible Teachs instructions for the settlers. Virginia daring was the first English babe born in America. So in all the New England settlements are first-class in faith and work. They have developed really good. They largely follow the same guidelines as England except with a few corrections and curves to regulations. 350