Theorizing Popular Culture Essay Example | Topics and Well Written Essays - 2500 words

Theorizing Popular Culture - Essay Example As we enter and tumble into the 21st century we're at a point in human evolution where traditional cultures pushed by rough edge of modernity are really stepping back into their own traditions, and embracing their belief systems. One of the manifestations of that is body marking. At the same time, I think there is a whole sector of modern society, not just youth, but across all sorts of generations, genders, and ethnic backgrounds that are in search of identity, meaning and ritual. Hence, a huge explosion of tribal tattooing, and body marking. This is referred to as the "modern primitive" movement within tattooing. I think there's a correlation because if you step back and look at it, it's the larger picture of mankind wanting identity, wanting a sense of place, a sense of ritual, and a sense of culture within their own community.(National Geographic 2004) Ear piercing can be traced back to 2nd century B.C. in Cyprus along with Iran from 2900-3500 BC and Iraq in 9th century BC, with pieces of art and jewelry in museums. Unfortunately the reasons for this ear piercing phenomenon have not been determined. However an Eskimo tribe in Alaska around 1918 used shark tooth earrings as a form of social rank. Another raising popularity involving ear piercing is stretching the earlobes to accommodate ear spools and ear plugs. Some examples can be found in places such as Guatemala 900-1500 AD with ear spools, and also in china with the stretching of the earlobes. Some people today still stretch their earlobes some examples can be found in Asia on an island named Borneo. Lip piercing another popular part of body piercing is lip piercing or labret piercing which some examples can be found in native Alaskan tribe around 1897. Lip plugs were worn by both men and women and represented those men had reached puberty. For women it was worn as decoration, or by women born of noble stature. Nose piercing, in today's culture can be stemmed from Alaska in the late 19th century and were considered a mark of distinction and prestige and were worn by both men and women. Body piercing in the cultural reference is seemingly just another form of individualism which has been practice in every culture for many centuries and will still be practice for many centuries to come. American's may not get their bodies pierced for the religious or cultural reasons that other countries do, but they still promote individualism that is ultimately behind it. This Modification is slowly becoming our present culture. Cultural Background on Tattoo's Tattooing is one of the most common forms of body adornment and individualism in America today. Tattooing has been practiced since the time of Ancient Egypt. "Tattoo is a word of Polynesian origin which is related to the Tahitian word tatau and the Marquesan word ta-tu." (University of Pennsylvania) One example of tattooing is the ancient Maori of New Zealand. Maori men have their faces, buttocks and thighs covered. This type of tattooing involves chiseling the skin and then placing ink the cuts to create the tattoo. Since this procedure is very painful it is done in stages starting in early adulthood. "The facial tattoos were an

Measuring the acceleration due to gravity in the lab Essay Example for Free

Measuring the acceleration due to gravity in the lab Essay The distance between the ceiling and the floor (h) was measured. A rubber was then dropped from the ceiling and the time taken for it to hit the ground was recorded. Results Attempt Time Taken (sec) 1 0. 47 2 0. 45 3 0. 71 4 0. 55 5 0. 5 6 0. 71 7 0. 4 8 0. 46 9 0. 58 10 0. 56 Average Time = Sum of all times Number of Times = (0. 47+0. 45+0. 71+0. 55+0. 5+0. 71+0. 4+0. 46+0. 58+0. 56) 10 = 5. 85 10 = 0. 59 sec (to 2 dp) H = height of the drop T = time taken Acceleration due to gravity = 2H T2 =2(2. 59) 0. 592 = 5. 18 0. 3481 = 14. 88 m/s2 (to 2 dp) Evaluation The results circled in the table are anomalous. There was a wide range of results, from 0. 4 to 0. 71. This spread of results indicates that the data may be inaccurate. Although the experiment was repeated nine times, different results were found at nearly every attempt. This could be due to the timing methods used. A stop clock held by a person was used to measure the time the rubber took to hit the ground. As a humans reaction times are not perfect, the button could have been pressed long after the rubber had touched the ground. Also, the timekeeper could have pressed the button too early; at the time he expected the rubber to fall in order to try and get a more accurate time. As the area used was not a vacuum, air resistance would have affected the results. The shape of the rubber dropped was a pyramid, so air resistance would be different dependant on the side upon which it was dropped. These reasons explain why some of the results were anomalous. I do not believe that the procedure was accurate enough to measure the acceleration due to gravity in the lab. The timing apparatus was too imprecise and the air resistance due to the lack of a vacuum meant that the data was not as exact as was needed. A more suitable set of timing equipment would have been to replace the stop clock with a light-gate and data-logger. A light gate would be positioned at the top of the drop, with one at the bottom. The computer would then calculate the time taken much more accurately. The air resistance could not be helped, as a vacuum would be highly impractical and unnecessary for our purposes. However, if it were possible, the experiment should have been performed in a complete vacuum. If a perfectly spherical object were used then the air resistance wouldnt be different no matter how it was dropped. The experiment should be repeated in exactly the same fashion as before, but with the changes outlined above implemented. This would give more accurate results. It should then be repeated in the same way as this, but with a denser object of the same dimensions. This would show that the acceleration was due to gravity and not the mass of the object. One more experiment should be undertaken with the same stipulations but an increased dropping height. This would show that the acceleration is the same no matter how high the object is dropped from.

The Disputed Reign of Dowager Empress Tz’u-hsi Essay -- Essays Papers

The Disputed Reign of Dowager Empress Tz’u-hsi Historical record is not always an accurate representation of fact. An example of this would be the long reign of the Dowager Empress Tz’u-hsi, in which there were hundreds of documents written about her life. These documents have been taken and used in the production of numerous books, especially among Western historians. It was these early historians who have established the widely accepted perspective that Tz’u-hsi hungered for power, abused it, and retained it using any means necessary. This understanding is echoed today by authors such as W.G. Sebald, author of The Rings of Saturn. There are many differences between the accounts of the Western perspective and that of Sebald’s, but the overall idea of Tz’u-Hsi as a conniving and unworthy Empress is intact between the two. Still, the investigation is not over. There happens to be an abundance of historical documentation and opinion that contradicts the Western view on Tz’u-hsi. First, We stern accounts of the major issues in Tz’u-hsi’s reign will be examined; following this will be a look at how unreliable these sources are by showing their inconsistencies, where the arguments came from, and the all the other evidence supporting a different perspective on the great Empress. It is possible the Empress was everything that her enemies said she was, but the evidence at hand does not support image of a sinister Tz’u-hsi. The Western perspective on the Dowager Empress is harsh and W.G. Sebald is perhaps the harshest of all of the Western historians. One of Sebald’s first descriptions of the Empress is that her â€Å"craving for power was insatiable† (Sebald 147). Sebald wastes no time in backing up this claim. At the cru... ...istorians like Sebald recognize the uncertainty. Works Cited Bland, J. O. P., and E. Backhouse. China Under the Empress Dowager. Boston: Houghton Mifflin, 1914. Chung, Sue Fawn. â€Å"The Much Maligned Empress Dowager : A Revisionist Study of the Empress Dowager Tz’u-his.† Modern Asian Studies. 13 vol. Cambrige UP, 1979. JSTOR. 1 May 2005 < http://links.jstor.org/sici?sici=0026-749X%281979%2913%3A2%3C177%3ATMMEDA%3E2.0.CO%3B2-U>. Collis, Maurice. The Motherly and Auspicious. New York: G.P. Putnam’s, 1944. Laidler, Keith. The Last Empress. Chichester: John Wiley, 2003. Seagrave, Sterling. Dragon Lady. New York: Alfred A. Knopf, 1992. Sebald, W. G. The Rings of Saturn. Trans. Michael Hulse. London: Harvill, 1995. Vare, Daniele. The Last Empress. Garden City: Doubleday, Doran, 1938. Warner, Marina. The Dragon Empress. New York: Macmillan, 1972.

American Woman Hair Styles and Head Gear in History :: essays research papers

American woman hair styles and head gear (1600-1775) In the American history there are three main head styling groups. These groups are the rich Virginian group from 1619-1675, the rich in the American colonies from 1675-1775, and finally the poor or middle class of the colonies, which since the hair didn’t change much was pretty much the same all through the era. Virginia (1619-1675) In the year 1619 the American style was very masculine. In America there weren’t very many women this was because America was a harsh land. The men in America would pay for women to come to America, but only if the women would marry them. The hard sea voyage meant that they needed good stiff hats that would actually stay on their heads. The year of 1660 was a year which was full of change, the rich people were coming over with new styles from France and Britain. This hair style pulled back most of the hair and coiled it in the back, and then the excess hair was curled and made to cascade around the face. Often time pearls and ribbons were added to the coil in the back. In 1675, the head coverings were â€Å"out† and only light head coverings were used, however, in the northern colonies heavy hoods were used frequently. The colonies as a whole (1675-1775) In 1750, the coiffure, which was used frequently among the rich of Europe, was finally catching on in the Americas. A coiffure was a French style that you have probably seen, it is huge hair styles that are made primarily out of horse hair and take hours to complete. The hair got big and wild and out of control. In some cases they even put cardboard cut outs of animals or trees in the sea of wire curls. Toward the end of the big hair the styles came close to the head and spread out. In the may of 1771 a girl sent a letter to the Boston Gazette telling of a woman with the coiffure. The girl had been walking down the streets when a woman driving her carriage had been thrown from her seat. The woman was alright, but the hair piece was completely torn from her head. Inside of the complicated hair piece was tallow and horse hair, to keep the good locking hair on the outside stiff. The feather in the hair was started by Marie Antoinette. She had a peacock feather in the tall hair and when the King exclaimed about how pretty he thought she looked, it became a new style. American Woman Hair Styles and Head Gear in History :: essays research papers American woman hair styles and head gear (1600-1775) In the American history there are three main head styling groups. These groups are the rich Virginian group from 1619-1675, the rich in the American colonies from 1675-1775, and finally the poor or middle class of the colonies, which since the hair didn’t change much was pretty much the same all through the era. Virginia (1619-1675) In the year 1619 the American style was very masculine. In America there weren’t very many women this was because America was a harsh land. The men in America would pay for women to come to America, but only if the women would marry them. The hard sea voyage meant that they needed good stiff hats that would actually stay on their heads. The year of 1660 was a year which was full of change, the rich people were coming over with new styles from France and Britain. This hair style pulled back most of the hair and coiled it in the back, and then the excess hair was curled and made to cascade around the face. Often time pearls and ribbons were added to the coil in the back. In 1675, the head coverings were â€Å"out† and only light head coverings were used, however, in the northern colonies heavy hoods were used frequently. The colonies as a whole (1675-1775) In 1750, the coiffure, which was used frequently among the rich of Europe, was finally catching on in the Americas. A coiffure was a French style that you have probably seen, it is huge hair styles that are made primarily out of horse hair and take hours to complete. The hair got big and wild and out of control. In some cases they even put cardboard cut outs of animals or trees in the sea of wire curls. Toward the end of the big hair the styles came close to the head and spread out. In the may of 1771 a girl sent a letter to the Boston Gazette telling of a woman with the coiffure. The girl had been walking down the streets when a woman driving her carriage had been thrown from her seat. The woman was alright, but the hair piece was completely torn from her head. Inside of the complicated hair piece was tallow and horse hair, to keep the good locking hair on the outside stiff. The feather in the hair was started by Marie Antoinette. She had a peacock feather in the tall hair and when the King exclaimed about how pretty he thought she looked, it became a new style.

The Philippine Pesoâ€Us Dollar Exchange Rate: the Impact of Strengthening Currency

INTRODUCTION The  foreign exchange market is a worldwide decentralized  over-the-counter  financial market for the trading of currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market determines the relative values of different currencies. (wiki. org) The exchange rate is the price of a unit of foreign currency in terms of the domestic currency.In the Philippines, for instance, the exchange rate is conventionally expressed as the value of one US dollar in peso equivalent. The value of any particular currency is determined by market forces based on trade, investment, tourism, and  geo-political risk. Every time a tourist visits a country, for example, he or she must pay for goods and services  using the currency of the host country. Therefore, a tourist  must exchange the currency of his or her home country  for t he local currency. Currency exchange of this kind is one of the demand factors for a particular currency.Another important factor of demand  occurs when  a foreign company  seeks  to do business with a company in a specific country. Usually, the foreign company will have to pay the local company in their local currency. At other times, it may be desirable for an investor from one country to invest in another, and that investment would have to be made in the local currency as well. All of these requirements produce a need for foreign exchange and are the reasons why foreign exchange markets are so large. (investopia. om) In this paper the researchers attempt to show the impact of strengthening peso against the US dollar and what are the consequences behind it. It also attempt to show where should the government place itself when the opposing interest of the public are at stake. Background The Philippine peso has been one of the strongest currencies in Southeast Asian Region f or the past two year. It appreciated for an about 5. 6 percent from year 2009 to 2010 where the exchange rate is 47. 6372 to 45. 1097 a dollar—that is based on the average data from BSP.This appreciation may attributed to the increasing inflows of remittances from the overseas Filipino workers (OFWs), the improvement in portfolio and direct investment, the deterioration of United States’ dollar economy for the past two years and the attractiveness of the Southeast Asian Region to the foreign investors. Peso appreciation would provide to a positive and negative effect on different sectors. The appreciation of Philippine peso would mean a reduction of debt servicing; this would also mean a reduction of prices of imported commodities in terms of peso when the product came here.However, this appreciation will reduce the purchasing power of Dollar that OFWs send to their family here in the Philippines and it would also mean that exported product will be less competitive abr oad or if ever the exporter’s income will diminish. In this situation, the government is stock between letting the peso appreciate for the purpose of lower importation cost and lower debt services—or maintaining it at a lower value for the sake of OFWs and export sector. According to Senator Ralph Recto, chairman of the Senate Committee on ways and means, the Philippine peso could further appreciate up to P34 a dollar this year (2011).Inflow of remittances will continue to be strong and the outlook for foreign investments remains positive. The exchange rate is important for several reasons: (1) it serves as the basic link between the local and the overseas market for various goods, services and financial assets. Using the exchange rate, we are able to compare prices of goods, services, and assets quoted in different currencies. (2) exchange rate movements can affect actual inflation as well as expectations about future price movements.Changes in the exchange rate tend to directly affect domestic prices of imported goods and services. A stronger peso lowers the peso prices of imported goods as well as import-intensive services such as transport, thereby lowering the rate of inflation. (3) exchange rate movements can affect the country’s external sector through its impact on foreign trade. An appreciation of the peso, for instance, could lower the price competitiveness of our exports versus the products of those competitor countries whose currencies have not changed in value. 4) the exchange rate affects the cost of servicing (principal and interest payments) on the country’s foreign debt. A peso appreciation reduces the amount of pesos needed to buy foreign exchange to pay interest and maturing obligations. Foreign exchange policy in the Philippines has evolved from a pegged system to a floating rate regime over the last 50 years. The period of pegged exchange rate regime witnessed an extensive use of a myriad of administrative rules that were set to restrict access of Philippine residents and corporations to foreign currency.From 1949 to early 1970, foreign exchange policy was used to promote exports industries, to limit imports, and to try to change the orientation of the Philippine economy from agricultural to agro-industrial. Even after the floating rate system was adopted in 1970, it was not until late 1984 that the central bank stopped announcing a guiding rate and imposing a trading band. Moreover, it was a decade hence yet before the watershed set of reforms was issued. In 1993, the BSP liberalized capital flows and implemented a comprehensive set of foreign exchange market reforms.Today, even as there remain some prudential regulations with respect to foreign currency transactions, market forces determine the exchange rate. Furthermore, mechanisms to allow the economy to absorb shocks that a freely floating currency entails have been the subject of recent economic discussions. (BSP, 2008) Table 1: Phil ippine Foreign Exchange Policy, 1949-2007 Period | Milestones| 3 January 1949| The CBP began operations. It adopted a fixed exchange rate system, pegging the peso to the US dollar at P2. 00/US$1. December 1949| The CBP imposed a comprehensive system of foreign exchange controls, which included a foreign exchange allocation scheme that gave preference to export industries and the manufacturing and mining sectors, and placed restrictions on buying of foreign exchange for services-related imports. The restraints were an effective instrument in carrying out the â€Å"Filipino First† policy of the government. | 1959| The Philippines achieved its first ever post-war trade surplus. | 1962| The Government launched an integrated socio-economic program that almost entirely eliminated restrictions on trade and payments. 25 April 1960| The CBP launched a four-year program to dismantle the complicated system of foreign exchange controls imposed in the 1950s. The most important feature of the decontrol program was the adoption of a multiple exchange rate system which paved the way for a de facto devaluation of the peso. | January 1962| All restrictions on sales of foreign exchange were eliminated. | December 1949| The CBP imposed a comprehensive system of foreign exchange controls, which included a foreign exchange allocation scheme that gave preference to export industries and the anufacturing and mining sectors, and placed restrictions on buying of foreign exchange for services-related imports. The restraints were an effective instrument in carrying out the â€Å"Filipino First† policy of the government. | 1959| The Philippines achieved its first ever post-war trade surplus. | 25 April 1960| The CBP launched a four-year program to dismantle the complicated system of foreign exchange controls imposed in the 1950s. The most important feature of the decontrol program was the adoption of a multiple exchange rate system which paved the way for a de facto devaluat ion of the peso. 1962 | The Government launched an integrated socio-economic program that almost entirely eliminated restrictions on trade and payments. | January 1962| All restrictions on sales of foreign exchange were eliminated. | 22 January 1962| CB Circular No. 133 dated 22 January 1962 sought to establish a free market for foreign exchange and transferred the function of allocating exchange for most categories of payments from the administrative machinery of the CBP to the free market. | 5 November 1965| A new parity for the peso-dollar exchange rate was set at P3. 0/US$1| 21 February 1970| The CBP abandoned the fixed parity regime and adopted a floating rate system. The competitive rate was applied on all foreign exchange transactions except for 80 percent of export receipts from the country’s major commodities (namely, logs, centrifugal sugar, copra and copper concentrates) which were to be purchased at the rate ofP3. 90/US$1. | 1972| The CBP started lifting the major ity of foreign exchange restrictions, paving the way for partial liberalization in foreign trade and investment.The liberalization efforts focused on the suspension of nationality requirements in establishing industries, relaxation of repatriation policies, simplification of the tariff structure, import liberalization, and granting of various incentives to the export sector particularly on non-traditional commodities, such as textiles, garments and electronics. | April 1972| The foreign exchange trading band was widened to 41 2 percent on both sides of the guiding rate. 1982| â€Å"Operation Greenback† was launched to curb widespread illegal trading in the black market as the CBP implemented liberal authorization of establishments to operate as foreign exchange dealers. | October 1983| After consultation with the IMF and several foreign banks, Philippine economic managers requested a 90-day moratorium on principal payments of external debt owed to foreign commercial banks. Wi th scarcity of foreign exchange, a system of direct controls was put into effect. 4 November 1983| Local commercial banks were required to sell to the CBP all foreign exchange receipts for placement in a pool out of which payments were made on the basis of officially set priorities. | June 1984| The foreign exchange market was reopened. By October 1984, a measure of stability had been restored in the forex market and the CB reopened the foreign exchange trading system. The previous trading day’s completed transactions formed the basis for the Bankers Association of the Philippines (BAP) reference rate. With this system, the CBP stopped announcing an inter-bank guiding rate and imposing a trading band. August 1985| CBP lifted the ceiling in the amount of allowable foreign exchange holdings. | 1986| Import controls on a broad range of items were abolished. Likewise, the tariff structure was made more uniform; and discriminatory aspects of the domestic tax structure against impo rts were eliminated. | April 1992| Currency trading shifted from a short daily trading session to full off-floor interbank foreign exchange trading with the operation of the Philippine Dealing System (PDS). | 13 April 1993| CB Circular No. 1389 was issued, setting forth foreign exchange liberalization measures. July 1993| The CBP was reorganized into the Bangko Sentral ng Pilipinas (BSP) by virtue of the New Central Bank Act (R. A. No. 7653). | September 1995| The Philippines acquired Article VIII status with the IMF with the lifting of all restrictions on current account transactions. | July 1997| Asian currency and financial crisis emerged. The BSP implemented measures to rationalize the rules and regulations governing non-trade related FX transactions to restore stability in the FX market and mitigate the impact of the Asian crisis on the economy. December 1997| Circular 149 implemented the Currency Rate Risk Protection Program (CRPP). | 2 October 2006| A new peso-dollar trading platform was launched, replacing the Philippine Dealing System in providing the main reference rate for dollar-peso conversions. | 2 April 2007| Circular 561 s. 2007, dated 8 March 2007, took effect. In the face of strong inflows, the BSP liberalized the foreign exchange regulations to allow greater market access to foreign exchange for outward investment and over-the-counter transactions. January 2008| The second phase of reforms in the foreign exchange regulatory framework (Circular 590 dated 27 December 2007) was implemented. These reforms focus mainly on promoting greater integration with international capital markets, diversifying risk supportive of an expanding economy with global linkages, and streamlining the documentation and reporting requirements on the sale of FX by banks. | Source: Bangko Sentral ng Pilipinas (BSP), Working Paper Series I. STATEMENT OF THE PROBLEMThe general problem of the study, â€Å"The Philippine Peso-US Dollar Exchange Rate: The Impact of Strength ening Currency† is to determine the impact of the appreciation of Philippine peso during the year 2009-2010. Specifically, the problems are the following: 1. Effects or impact of the appreciation of Philippine peso on consumption, government spending, investment, import-export and debt servicing; 2. What are the reasons for the appreciation of Philippine peso 2009-2010; 3. What is the role of the Bangko Central ng Pilipinas in the Foreign Exchange Market; 4.What are possible future movements on the Philippine peso against US dollar and how does it affect the country’s economy. II. OBJECTIVE OF THE STUDY General Objective: To determine the economic impact of the appreciation of Philippine peso. Specifically, the study attempts to: 1. Determine the effect of the appreciation of Philippine peso: a. Consumption b. Investment c. Government spending d. Import and export e. Debt servicing 2. To examine the reasons behind the appreciation of the Philippine peso during 2009-2010 3. To determine the role of the Bangko Sentral ng Pilipinas (BSP) on the Foreign Exchange Market 4.To determine the future movement of Philippine peso against the US dollar and its effect to the country’s economy. III. HYPOTHESES The researchers believe to the following hypothesis: 1. The effects of appreciation has a great impact—positive and negative—on consumption, government spending, investment, import-export and debt servicing; 2. Philippine peso appreciation was caused by several factors such as the robust economy of the Philippine as well as the increasing amount of remittances from the overseas Filipino workers (OFWs). 3.The role of the Bangko Sentral ng Pilipinas(BSP) is to maintain the stability of Philippine peso against other currency 4. The Philippine peso will further appreciate in the near future against the US dollar and this appreciation will boost the economy through saving. IV. SIGNIFICANCE OF THE STUDY The study is conducted to determine th e impact of peso appreciation on the economy. It shows the effect on different sectors of the economy. It attempts to show the impact of strengthening peso against the US dollar and what are the consequences behind it.It also attempt to show where should the government place itself—through the use of Bangko Sentral ng Pilipinas—when the opposing interest of the public are at stake. It also attempts to show how to maximize the advantage of strengthening peso against the dollar on the term of government spending. And to some extent, to serve as guide in policy making through the use of recommendation. V. SCOPE AND LIMITATION The study â€Å"The Philippine Peso-US Dollar Exchange Rate: The Impact of Strengthening Currency† limit its scope on Philippine peso against US dollar from year 2000 to 2010.VI. REVIEW OF RELATED LITERATURE â€Å"The Indian Rupee–US Dollar Exchange Rate: The impact of Strengthening Currency† Reasons behind the appreciation of th e Rupee in 2006-2007 Toward the end of 2006, foreign exchange inflows, especially of dollars, into India started rising sharply. This put upward pressure on the rupee’s exchange rate against the dollar. India’s steady economic growth offered several opportunities for foreign companies. Between April 2006 and March 2007, FDI of $16 billion flowed to India. VII. RELATED STATISTICSForeign currency reserves, gold, special drawing rights (SDRs), foreign investments as well as the Reserve Position in the Fund (RPF) are main components of the Gross International Reserves (GIR). The GIR constitutes the foreign assets valued mark-to-market, which are readily available to and controlled by the BSP for direct financing of payments imbalances and for managing the magnitude of such imbalances. The BSP estimates the level of Overseas Filipino Worker (OFW) remittances, which props up the country’s foreign currency reserves. (BSP website) VIII. DISCUSSION (Impact on the Philipp ine economy)A. Consumption The appreciation of Philippine peso against the US dollar affects the consumption of Filipinos. Especially the families of overseas Filipino workers (OFWs) who receives remittances coming from abroad—which are commonly dollar denominated. According to BSP, the US dollar remittances of OFWs increase by 8. 16% from 2009 up to 2010. On the year 2010, the overseas Filipino workers remittances reflect 29. 55 percent of the Gross National Products (GNP). According to Bangko Sentral ng Pilipinas, on the year 2010 the peso appreciated at an about 5. % on average basis (see table 2). This means that the purchasing power of the dollar remittances lower for an about 5. 6% in the Philippines. On the letter written by the Filipino Community in Riyadh, Saudi Arabia, to the President in Malacanan in August 2006, they stated their predicament regarding appreciation of Philippine peso against the US dollar: (a) the salaries remained the same while the cost of living have increased, which means less income to be available for remittances; which worsen when peso appreciated from Php55 to Php45 versus US dollar. b) the continued appreciation effectively reduced the value of remittances at an average 18%. The strengthening or appreciation of Philippine currency had a positive effect on consumption, it enable to somewhat, catch the effect of inflation of the commodities that are being imported from abroad. Ironically, disadvantage of a strong peso is that the beneficiaries of OFWs who contributes significantly in making the peso strong, get less of the remittances that their relatives send them since the Dollar loses its purchasing power by the peso appreciation.And finally, a sector which for us is really getting the worst out of the situation are the domestic producers since a strong peso would make imported goods cheaper since the peso appreciates thus making it purchase imported goods more. Table 2. The Philippine Peso – US Dollar Exchan ge Rate CROSS RATE OF THE PESO| in pesos per unit of foreign currency| period averages| Period| Dollar to Peso| 2000| 44. 194| 2001| 50. 993| 2002| 51. 604| 2003| 54. 203| 2004| 56. 040| 2005| 55. 086| 2006| 51. 314| 2007| 46. 148| 2008| 44. 475| 2009| 47. 637| 2010| 45. 110| Source: BSP (edited)The table above shows how much a dollar worth in peso term during the year 2000 up to 2010. B. Investment Another advantage of a strong Philippine Peso is that it would reflect a robust economy for the country, which could leverage itself to attract foreign investors in the country which could provide significant inflows for investments to the country that further improve the economy. A positive outlook is very important to a country to seek investors to show confidence in investing to country since their outlook would be one of the considerations investors would consider.The first thing that an investor would want to know is that if they would get their desired rate of return at a certain p eriod of time. Facing uncertainties and risks, investors would like to gather as much information to aide them to their decision making minimizing uncertainties and factors such as oil prices, stability of the government and the economy are some of the preliminary facts to consider. If from these preliminary factors as country fails to impress investors, important investment inflows would be going to somewhere else.It affects the foreign exchange since as we have stated earlier, foreign investments helps the Peso appreciate. The Philippine Daily Inquirer published in their December 1 2006 paper that business confidence, which reflects foreigners outlooks to the country, has soared to a 5 and a half year high of 49% compared to just 22% a quarter ago. Another outlook factor that could affect the foreign exchange market is the credit rating by firms such as S&P and filch. These firms are respected firms and reliable so anything that they publish would be taken seriously by interes ted parties.A credit downgrade by these agencies affects the Peso negatively as it gives of a bad image of the country to interested investors but at the same time a positive rating would help the Peso strengthen. Just like the OFWs, investments from foreigners improve and help peso appreciation and generally the economy as a whole. Having superb Dollar inflow allows the BSP to increase international reserves of debt curbing down Peso devaluation and aiding to Peso appreciation.According to BSP, transactions during February 2011 resulted in a net inflow of US$534 million, nearly thrice the US$193 million net inflow in January due to lower outflows (US$935 million in February 2011 against US$1. 3 billion in January 2011). The net inflow also represented almost four times the US$139 million recorded a year ago due to more registered investments this year, US$1. 5 billion compared to only US$500 million last year. This year’s rise in registered investments is backed by a surge i n investments in Peso-denominated government securities (Peso GS), to US$730 million of total (or 49. percent) against US$90 million in 2010. Favorable yields have attracted foreign investor to Peso GS placements. Investments in PSE-listed shares amounted to US$740 million (or 50. 4 percent of total registered investments), twice the US$370 million recorded in February 2010. The US$730 million balances of registered investments were in Peso GS and Peso time deposits with minimum maturity of 90 days (nil in February this year against US$40 million last year). Singapore, the United States, the United Kingdom, Luxembourg and Hong Kong were the top five (5) investor countries, collectively contributing 89. percent to total registered investments. Registration of inward foreign investments with the BSP is voluntary. It entitles the investor or his representative to buy foreign exchange from authorized agent banks or their subsidiary/affiliate foreign exchange corporations for repatriatio n of capital and remittance of dividends/profits/earnings that accrue on the registered investment. For the first two months of the year, transactions netted an inflow of US$727 million, 135. 6 percent higher than the figure recorded for the comparable period in 2010.Registered investments reached US$3. 0 billion, or an increase of 179. 3 percent from last year’s performance. Investments in PSE-listed shares of US$1. 4 billion exceeded the 2010 figure by 68. 3 percent. Major beneficiaries were banks (US$336 million); holding firms (US$248 million); utility companies (US$241 million); property firms (US$182 million); and telecommunication companies (US$167 million). Portfolio funds have also been re-rating Asia as an investment destination and their flows have reinforced the uptrend in Asian currencies.With developed markets weighed down with debt and facing years of sluggish growth, fund managers are looking into Asia, citing the region’s fast growth rates and strong c orporate balance sheets. (BSP, issuances) Asia is set to continue being a strong destination of portfolio flows over the coming months. The high Asian equity correlation with local currencies will help fuel further gains in the Philippine peso and other Asian currencies. C. Government SpendingWe all know that the government’s responsibility is the acquisition of goods and services for current use to directly satisfy individual or collective needs of the members of the community. They allocate the fund for Personal Services, Maintenance and Other Operating Expenses, Capital Outlays and Net Lending, Public Infrastructure and effectively marginalized resources for the poor. But it’s not that easy because the government must be aware of those risks that might affect their expenditures. One of it is the Philippine Peso condition in exchange rate – if the currency appreciates or evaluate. Now therefore, how thus the exchange rate may affect the government spending? Pa ying Philippines’ debt will affect our Government’s spending. In fact, based on the data from Bureau of Treasury, more than 77. 6 percent of the P104. 4 billion increase in the 2011 budget came from the huge P80. 99 billion rise in interest payment for government’s spending. The Aquino administration is proposed interest payment of P357. 09 billion in the 2011 budget, or 21. 7 percent of its planned spending program. But the total debt burden for this year could actually reach P823. 27 billion.Thus, debt burden represents 38. 9 percent of what the Aquino administration is willing to spend this year. If peso appreciates, it has a good impact in our external debt since our debt will decrease in peso terms. We will pay less and that will affect our spending. The remaining money that allocated for payment of external debt will be used for government spending. More resources are available to spend for social and economic development of our country. On the other hand, peso depreciates has a bad effect. Our debt will increase so we will pay more, that is, in peso terms.Little amount of money will be allocate for government spending. The government will force to minimize their expenditure. Such a heavy debt burden means fewer resources are available to spend for social and economic services badly needed by the people. Let’s now look at the effect of peso condition in trade. Strong peso has a negative effect in exporters. They will lose income since there was less peso in exchange of their dollar earnings or a strong peso translates to lesser value for their dollar-denominated revenues. Prices of their products may also become less competitive in the world market.The smaller the earnings or profit of exporters, the smaller tax they will pay in the government. That will affect the governments’ spending. If there are small fund comes from tax, government need to minimize their expenditure. On the other hand, strong peso has a positive e ffect on importers. They will pay less in foreign products. They will earn more and pay more tax. Again, the tax will proceed in government’s fund so more tax, more funds that government may spend for the people’s benefits. Weak peso has good effects in exporters.Prices of their products become more competitively in the world market. They will receive more peso in exchange of their earnings so they will pay more tax. More tax, more funds that government may spend for the benefits of the people. When peso depreciates importers will force to pay more for foreign products. That is bad for them and for government spending. Since the smaller the earnings or profit of importers, the smaller tax they will pay. Government will force to minimize their expenditures. As we observed, peso condition has different effects in different factors.That is the reason why it’s hard for the government to ask the Bangko Sentral ng Pilipinas (BSP) to intervene the strengthening peso. W e cannot easily believe that a strong peso means a strong republic. So government must look at different factors and learn before engaging the country in different risk. As we also observed, the effect of peso condition in the sources of government funds is the same in the impact of peso condition in government spending. If the effect in the sources of funds is negative, the impact in the government spending is also negative.When the effect is positive, the impact in government spending is also positive. Overview: Import and Export Since World War II, the Philippines experienced frequent trade deficits, aggravated by inflationary pressures. Deficits were counterbalanced by US government expenditures, transfer of payments from abroad, official loans (US Export-Import Bank, IBRD, and private US banks), net inflow of private investment, tourist receipts, remittances from Filipino workers overseas, and contributions from the IMF. In 1996, trade liberalization policies helped to push imp orts up by 22% while exports rose by only 18%.The result was a widening trade deficit that amounted to 13% of GDP. Foreign investment in the stock market and remittances from overseas workers helped to offset the deficit and avert a balance-of payments crisis. In 1998, the Philippines recorded a trade surplus at about 2% of GNP in the current account due to high electronics exports and low imports due to the devaluation of the peso. This was the first surplus in 12 years. Merchandise exports, in double digits through most of the 1990s, slowed to a single-digit growth pace in 2000, reflecting fewer export receipts from electronics and telecommunications parts and equipment.This decline was attributed by the electronics industry to weaker prices for maturing products and technologies, and to the decline in electronic industry investments from the 1994–97 boom years (when investment averaged $1. 5 billion a year). Traditionally, exports of primary products failed to balance impo rts, leading the government to restrict imports. Structural change accelerated in the 1970s, as the contribution of industry (including construction) to GDP rose from 29. 5% in 1970 to 36. % by 1980, primarily as a result of export-oriented industrialization promoted by the Marcos government. The Aquino assassination in August 1983 had immediate economic consequences for the Marcos government, as did the broader Third World Debt Crisis. Hundreds of millions of dollars in private capital fled the Philippines, leaving the country with insufficient foreign exchange reserves to meet its payments obligations. The government turned to the IMF and its creditor banks for assistance in rescheduling the nation's foreign debt, and an austerity program was set up during 1984–85.In December 1986, under IMF guidance, the Aquino government launched a privatization program with the establishment of the Assets Privatization Trust (APT). Monopolies established under the Marcos administration i n coconuts, sugar, meat, grains, and fertilizer were dismantled and a ban on copra exports was lifted. All export taxes were abolished; and the government allowed free access to lower-cost or higher-quality imports as a means of improving the cost-competitiveness of domestic producers.Many difficulties remained, however. The prices of commodity exports, such as sugar, copper, and coconut products, were still weak, while demand for nontraditional manufactured products, such as clothing and electronic components, failed to rise. The structural reforms produced an initial recovery between 1986 and 1989, but this was arrested by the series of natural disasters in 1990–1991. In 1986, Aquino had also embarked on a Comprehensive Agrarian Reform Programme, but its goals remain unfulfilled.In the 1990s, the government concluded three additional financial arrangements with the IMF—a stand-by agreement signed 20 February 1991 for about $240 million (all drawn); an arrangement und er the Extended Fund Facility (EFF) signed 24 June 1994 for about $554 million (all drawn), and a stand-by agreement signed 1 April 1998 for about $715 million (76. 7% drawn down as of 31 December 2002). At the end of 2002, the Philippines owed over 140% of its quota to the Fund. Scheduled debt repayments to the IMF for 2003 are about $330 million, and outstanding loans and purchases are not due to be retired until at least 2007.The country also had five debt reschedulings in the period 1984 to 1991 with the Paris Club—for official debt owed to aid donor countries—on which some payments are still owing. In January 2003, the Trade and Development Department announced at least a partial retreat from its 15 years of trade and investment liberalization, stating that it plans to bring tariff rates to the maximum allowed by the WTO for industrial imports, particularly petroleum imports, and for products produced in the Philippines. (Tradechakra. com) D. Import The Philippine economy is largely import oriented in terms of the value of merchandise trade.A sizable trade deficit continues primarily because of merchandise imported to meet the strong demand for raw materials, intermediate goods, industrial upgrades and infrastructure related capital goods. An emerging market, the Philippine economy continues to recover from the political instability of the 1980s, a series of natural disasters in the 1990s. Many of the products being imported are for improvement of the country's production capabilities. The development of industry has been hindered by such factors as electric power shortages and a still developing infrastructure.The Philippine government has taken several significant steps to reduce bureaucratic regulations and foster competition. In recent years it has revised and enacted tax, labor, health, safety environmental and other laws and policies with the aim of regulating industry. The Philippines import commodities such as electronic products, mi neral fuels, machinery and transport equipment, iron, and textile fabric. Philippines’ trading partners are Japan 15. 32%, US 11. 47%, Singapore 9. 54%, China 8. 93%, Taiwan 8. 27% (2009). Year| Imports | | (Billion US dollars)| 2001| 35| 2002| 30| 003| 33. 5| 2004| 35. 97| 2005| 37. 5| 2006| 42. 66| 2007| 51. 6| 2008| 57. 56| 2009| 60. 78| 2010| 46. 39| Source:  International Trade Center – UNCTAD / WTO Source:  CIA World Factbook  Ã¢â‚¬â€œ Unless otherwise noted, information in this page is accurate as of March 11, 2010 The table and graph above show that Year 2009 has the highest imports recorded with $60. 78B. On the other hand, the lowest imports recorded in the past ten years was on 2002 having $30B. This entry provides the total US dollar amount of merchandise imports on a c. i. f. (cost, insurance, and freight) or f. o. b. free on board) basis. These figures are calculated on an exchange rate basis. i. e. not in purchasing power parity (PPP) terms. E. Exp ort An export-oriented economic policy had boosted the economies of the newly industrialized countries of Asia. Philippines policy makers have also realized that the Philippines cannot achieve its aim of becoming the next â€Å"economic tiger† of Asia without shifting to an export-oriented economic programme. Export promotion programmes are public policy measures which actually or potentially enhance exporting activity at the company, industry or national level.Ideally, an export promotion policy should be backed up with an appropriate political and economic philosophy of the government. Export promotion policies should take into account the nature, size, and distribution of the individual exporting firms. As a developing country, the Philippines really does not have much choice in the matter. It needs to increase its export volume as a matter of economic survival, and within its national context, only the public sector has the resources to provide export promotion services t o small and medium-sized businesses in a cost-effective way.It was evident by the end of the 1970s, that the institutional reforms did not go far enough in achieving the major objectives of development. Typical of most small developing country trades, Philippines export trade has been characterized by a high degree of commodity and geographic concentration. As late as 1970, ten principal traditional export commodities comprised three quarters of total exports value. The first three top dollar earners (sugar, logs and lumber and copper concentrates) easily accounted for a little more than half of total export earnings.A definite shift to export promotion was observed in the decade of the 1970s. In spite of the export orientation reflected in exchange rate and industrial promotion policies, the structure of protection accorded by tariff policy remained basically inward looking. The general picture that emerges from the above discussion is that while foreign exchange, trade and industr ial incentive policies in the seventies had taken an unmistakable shift toward export promotion, they had stopped short of completely eliminating the biases against export sales. Philippines’ export partners are US 15. 35%, Japan 14. 19%, China 13. 9%, Singapore 9. 44%, Hong Kong 9%, South Korea 5. 12%, Germany 4. 1% (2009). Year| Exports| | (Billion US dollars)| 2001| 2. 677| 2002| 2. 929| 2003| 2. 748| 2004| 3. 303| 2005| 3. 431| 2006| 4. 243| 2007| 3. 899| 2008| 4. 081| 2009| 3. 189| 2010| 4. 288*| *Source:  International Trade Center – UNCTAD / WTO Source:  CIA World Factbook  Ã¢â‚¬â€œ Unless otherwise noted, information in this page is accurate as of March 11, 2010 The graph and table show the Philippine exports to all countries. The highest export reported in the past ten years was during on 2010 having S4. 288B while the lowest was on 2003 having S2. 3B A strong peso is generally favorable to the economy as a whole but there are certain sectors of the indu stry and society that are affected by a strong peso. Weakened by a strong peso since their good would become offensive since the peso appreciates which makes them less competitive in the export market. Although may be affected, all is not lost since there are financial solutions to at least mitigate the handicap they are facing because exporters could enter into hedging agreement or derivatives where they could enter into a contract to protect them from the Peso appreciation.The tourism industry weakens as well since a strong peso makes staying for a vacation in a country would make it more expensive. The effect of a strong peso on tourism industry also affects the hotel industry since it is some what related as a strong tourism industry means more bookings with hotels for a place to stay. An ironic advantage of a strong peso is that the beneficiaries of the OFWs who contribute significantly in making the peso strong, get less of the remittances that their relatives send them since the dollar loses its purchasing power by the peso appreciation.And finally, in sector which for us is really getting the worst out of the situations are the domestic producers since a strong peso appreciates thus making it purchase imported goods more. The industry is for direct investments. The negative aspects of a strengthening peso is very much in the news, what with OFW families getting into financial trouble, and exporters complaining about their products getting to be too expensive for foreign buyers. What often gets overlooked is the fact that the Peso appreciation also has a positive side, and if one takes a good look at this, it is at least equally important as the negative side to this trend.These are some of the positive effects of strengthening peso: Increases in the world market prices of imported goods have lesser effect. Oil prices have shot up in dollar terms, and thanks to the increased value of the peso, the actual effect on the prices of oil products have not bee n as much as otherwise would have been the case. The same could be said of wheat prices, etc. which have also risen. Dollar-denominated foreign debts can be repaid with less pesos. The Philippine government has saved billions of pesos as a result of the dollar’s drop in value. Philippine companies with foreign debts have likewise benefited.Capital flight from the Philippines has lessened. The strengthening peso means that it is no longer a wise financial move to move funds to a foreign dollar account. It would be much more profitable to keep the money in pesos. At the same time, there is some kind of poetic justice that corrupt officials with funds abroad suffer from a severe cut in the value of their â€Å"loot†. Skyrocketing real estate prices would be dampened. Many Overseas Filipinos (mostly in the dollar area) have driven up prices of real estate throughout the country. The decreased value of their dollars may result in the cooling down of the buying frenzy for la nd by OFs.Increased attention to the domestic market from investors and (former) exporters. Some exporters are coping with the decreased demand for their products in the US by either shifting to other countries or to selling domestically. The increased supply of products to the domestic market would help to lessen prices and improve the product quality of domestically available goods. At the same time, the value of the local market for foreign investors has increased. Since the peso’s value has increased, the potential sales and profits offered by the domestic market has increased in terms of dollars.Lower interest rates. The steadily depreciating dollar is pushing the US Fed to decrease their interest rates – in response, countries like the Philippines decrease their interest rates accordingly, in order to avoid the interest rate differential to get too high. Low interest rates are good because it stimulates business, and also consumer spending, both of which are good for the economy. Lower cost of imported capital goods. For example, the peso value of new airplanes is now much less than it was even a year ago. This is the same for other items e. g. heavyconstruction equipment, computers, etc.This would help stimulate the economy, and could also lead to decreased prices for consumers. Posted: by butalidnl on 18 January 2008 F. Debt Payment As we all know, Philippine peso had appreciated in these past few years against the US dollar and implies high advantage to our economy. One of the advantage of the peso appreciation is the lower debt servicing, in which, it lessen the external debt of the country. As of December 2010, the National Government debt was recorded at P4, 718 billion, lower by P1 billion from end November 2010 level of P4, 719 billion.Of the total debt, P2, 000 billion or 42. 4% is owed to foreign creditors and P2, 718 billion or 57. 6% to domestic creditors. The decrease in NG’s foreign debt of P2 billion from the level as of end November 2010 was brought about by the P5 billion net repayment and P16B appreciation of the peso against the US dollar. This however was partially offset by the P18 billion net appreciation of the third currencies against the US dollar and P1 billion adjustment resulting from late receipt of notices of availment.The domestic debt increased by P1 billion from the previous month’s level resulting from the net issuance of government securities by NG. On the other hand, the contingent debt of the National Government, composed mainly of guarantees issued by the National Government, increased to 550 billion, lower by P10 billion from end November 2010 level of P560 billion. The decrease in domestic contingent obligations was due to the misclassification of the P12 billion HGC guaranteed PAGIBIG bonds as NG direct guaranteed loan.The increase in foreign contingent obligations was due to the combined effects of the P3 billion appreciation of the peso against the US dollar, P2 billion net repayment and P7 billion net appreciation of the third currencies against the US dollar. (Bureau of Treasury, Press Release) Source: Bureau of treasury Source: Bureau of treasury G. Reasons for the appreciation on 2009-2010 One of the key reasons why the Philippine currency had experienced a significant increase on its value during the last two years was because of the increasing number of Filipino dollar remittances from abroad.The strengthening of the value of Philippine peso during 2008 was attributed to the recession that the America had experienced during the last quarter of that year. However, the Philippine currency had experienced depreciation on the year 2009; because that is the year the country receive the impact of recession from 2008 that America had experienced. This has same effect on the ASEAN region where the Philippine is belong; their currency had also experienced depreciation. The Philippine had set a cushioning effect against the recession due to it s dollar remittances coming from OFW’s in different part of the work.H. The role of Bangko Sentral ng Pilipinas The Bangko Sentral ng Pilipinas (BSP) maintains a floating exchange rate system. Exchange rates are determined on the basis of supply and demand in the foreign exchange market. The role of the BSP in the foreign exchange market is principally to ensure orderly conditions in the market. The market-determination of the exchange rate is consistent with the Government’s commitment to market-oriented reforms and outward-looking strategies of achieving competitiveness through price stability and efficiency.In the Philippines, peso-dollar trading among Bankers Association of the Philippines (BAP) member-banks and between these banks and the BSP are done through the Philippine Dealing System (PDS). Most of the BAP-member banks which participate in the peso-dollar trading use an electronic platform called the Philippine Dealing and Exchange Corp. (PDEx). The BAP appoi nted PDEx as the official service provider for the USD/PHP spot trading (which involve the purchase or sale of the US dollar for immediate delivery, i. e. , within one day for US dollars), and Reuters, as the exclusive distributor of all PDEx data.Trading through the PDEx allows nearly instantaneous transmission of price information and trade confirmations. I. The future movement of Philippine Peso Against US dollar Remittances from overseas Filipinos workers (OF) coursed through banks continued to show strength at the start of 2011, rising year-on-year by 7. 6 percent to   US$1. 48 billion, Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco, Jr. announced. This positive development reflected increased remittances from both sea-based and land-based workers, with their ransfers rising by 13. 3 percent and 6. 2 percent, respectively. Remittance flows into the country remained resilient on the back of sustained demand for skilled overseas Filipino workers in different dest inations worldwide. The Philippine Overseas Employment Administration (POEA) reported that, of the total approved 99,926 job orders for land-based workers for the period  Ã‚   1 January – 28 February 2011, more than two-fifths represented processed job orders for service, production, and professional, technical and related workers.The processed job orders are intended for the manpower requirements in Saudi Arabia, UAE, Qatar, Taiwan, and Kuwait. In its market update, the POEA stated that the Department of Labor and Employment's Philippine Overseas Labor Office in Rome, Italy, reported that a new quota decree has been signed in November 2010, which will allow the entry of 100,000 foreign workers in Italy, of which 4,000 new hires are allotted to the Philippines. Meanwhile, the POEA also reported that the country's seafaring industry is aggressively targeting to capture at least 50 percent of the global requirement for seafarers in the future.To achieve this, the seafaring in dustry has invested in world-class training modules and facilities to upgrade the quality of skills of Filipino seafarers. The continued enhancement of financial services worldwide through tie-ups with foreign financial institutions, establishment of remittance centers and marketing offices abroad, as well as the stronger partnerships forged with correspondent banks and branches/representative offices abroad also helped shore up the flow of remittances into the country.The expansion of the remittance network indicated the continuing efforts of local banks and other financial institutions to capture a larger market share of the global remittance industry and provide safe, affordable and accessible fund transfer system for the overseas Filipino workers and their beneficiaries.The peso strengthened in the first trading day of the week as beliefs that the economy would grow in 2011 given its positive fundamentals offset concerns over the ill-effects of adverse offshore developments, suc h as the earthquake in Japan and lingering unrest in selected countries in the Middle East and North Africa. The local currency closed at 43. 59 against the US dollar on Monday, up by 6 centavos from Friday’s finish of 43. 65. Intraday high hit 43. 56:$1, while intraday low settled at 43. 72:$1. Volume of trade inched up to $1. 023 billion from $772. 8 million previously. Traders said external factors had been weighing down on the peso and other Asian currencies. Nonetheless, they said, the peso has been expected not to depreciate and that domestic factors have beefed up sentiment on the economy. Traders and other economic players still expect the Philippines to post a decent growth this year, aided by remittances and improving business and consumer sentiment. In 2010, the economy grew by 7. 3 percent, the fastest pace registered in over three decades. (inquire. net) IX. GENERALIZATIONThe study, â€Å"The Philippine Peso-US dollar Exchange Rate: The impact of Strengthening C urrency†, aimed the following objectives: 1) to determine the economic impact of the appreciation of Philippine peso; 2) determine the effect of the appreciation of Philippine peso (consumption, investment, government spending, import, export, debt servicing); 3)to determine the reasons behind the appreciation of the Philippine peso during 2009-2010; 4) to determine the role of the Bangko Sentral ng Pilipinas (BSP) on the Foreign Exchange Market; 5) to determine the future movement of Philippine peso against the US dollar.The significance of this study was to determine the impact of peso appreciation on the economy. It shows the effect on different sectors of the economy. It attempts to show the impact of strengthening peso against the US dollar and what are the consequences behind it. It also attempt to show where should the government place itself when the opposing interest of the public are at stake through Bangko Sentral ng Pilipinas. Based on the date gathered, the first hypothesis is accepted. The effects of appreciation have a great impact consumption, government spending, investment, import-export and debt servicing.There were two impacts on consumption, first is the value of imported commodities are cheaper in terms of peso. Second, the purchasing power of dollar remittances will decrease. In government spending, If peso appreciates, it has a good impact in our external debt since our debt will decrease. We will pay less and that will affect our spending. The remaining money that allocated for payment of external debt will be used for government spending. More resources are available to spend for social and economic development of our country.Peso appreciation will cause the exports become less competitive in the international market that will result to less revenues in terms of exports. Imported products will become cheaper that can cause the people to purchase more of it. Another advantage of a strong Philippine Peso is that it would reflect a robust economy for the country which could leverage itself to attract foreign investors in the country which could provide significant inflows for investments to the country furthering improving the economy.A positive outlook is very important to a country to seek investors to show confidence in investing to country since their outlook would be one of the considerations investors would consider. One of the advantage of the peso appreciation is the lower debt servicing, in which, it lessen the external debt of the country. The second hypothesis is also accepted. Philippine peso appreciation was caused by several factors such as the robust economy of the Philippine as well as the increasing amount of remittances from the overseas Filipino workers (OFWs).The Bangko Sentral ng Pilipinas has the role of maintaining the inflation and has the power to intervene in Foreign Exchange market. It is the tool being used by the government in monetary policy. Based on the information that was rel eased by the BSP the peso is expected to appreciate, prior to the events that struck one of the major Economic Partner of the Philippines—Japan—and prior to the political instability from Arab nations, which is one of the major source of dollar remittances of the country.X. RECOMMENDATION The researchers’ believe that the government should maintain the peso appreciate so that it will lessen the burden of paying excessive debt–principal and interest. And to maintain the prices of the commodity that are being imported at a low price, such as oil which is vital in the daily economic activity and other commodity that is not produce in the county.On the other hand, the government should provide a OFWs remittance stabilization fund—from the money that the government had saved in debt servicing—that pegged the exchange rate between peso and dollar, because OFWs’ remittances are crucial in maintaining the high value of the peso against the do llar and the effects that it will brought to the economy. . We cannot easily believe that a strong peso means a strong republic. So government must look at different factors and learn before engaging the country in different risk.As we also observed, the effect of peso condition in the sources of government funds is the same in the impact of peso condition in government spending. If the effect in the sources of funds is negative, the impact in the government spending is also negative. When the effect is positive, the impact in government spending is also positive. XI. REFERENCES 1. Bangko Sentral ng Pilipinas. (2008). Adjustments in the Face of Peso Volatility: Perspective from the Past and Policy Directions. : Retrieved February 21, 2011 retrieved from      http://www. bsp. gov. ph/downloads/Publications/2008/WPS200802. df 2. http://www. investopedia. com/ask/answers/08/what-is-foreign-exchange. asp 3. http://en. wikipedia. org/wiki/Foreign_exchange_market 4. http://www. bsp. g ov. ph/financial/forex. asp 5. http://business. inquirer. net/money/breakingnews/view/20110314-325428/Peso-rises-against-dollar-as-positive-view-of-local-economy-stays 6. http://www. philstar. com/Article. aspx? articleId=565592&publicationSubCategoryId=66 7. Monetary Stability Sector of the Bangko Sentral ng Pilipinas (2006). The Exchange Rate. Retrieved from http://www. bsp. gov. ph/dowloads/publication/FAQs/exchangerate. pdf

Gender, Education Level and the Number of Children Influencing Perception on Happiness

Gender, Education Level and the Number of Children Influencing Perception on Happiness Abstract Happiness is a complex of feelings that people possess due to a number of factors. Sociologists have established that many social factors contribute to happiness of an individual. The study sought to establish if gender, education level, and the number of children influence happiness among Americans.Advertising We will write a custom research paper sample on Gender, Education Level and the Number of Children Influencing Perception on Happiness specifically for you for only $16.05 $11/page Learn More The findings did show that gender, education level, and the number of children are significant predictors of happiness. Essentially, women are happier than men, people with higher education level are happier than people with lower education level, and the number of children in a family correlates negatively with happiness of parents. Introduction One of the most important inner feelings in a person is happiness, mainly because happiness makes a person fe el good and satisfied. Indeed, happiness is one of the emotions that people can derive from many things, for example, in relationship with their families. Again, it is always obvious that when people do something good, they automatically become happy. People prefer to be happy because happiness provides them with many good results. Usually, happiness varies from one person to another depending on social conditions. According to Easterlin (2008), trend of happiness among Americans relatively increases from the ages of 18 to midlife, but gradually decreases as they approach old age. Happiness forms an integral part of life as when one is happy, his or her health will improve, and this positive effect on health will probably lead to prolonged life. Happiness also provides protection against some serious diseases, for example, those who are always happy are less likely to suffer from diseases like heart attack or depression (Helliwell, 2008). Lastly, when someone is happy, it is always easy for him/her to make new friends, since happiness makes people look very attractive. Besides, it is always true that those who are happy can easily help others, mainly because happiness brings satisfaction to people. Various factors make one to become happy. In most cases, people always consider money as one of the things that provide happiness; however, this is not always the case. In the subsequent sections, this paper will provide discussion on how gender, education level and the number of children influence happiness. Therefore, the paper will try to establish whether happiness is directly related to gender or education level, and whether the number of children an individual has can influence the degree of his or her happiness.Advertising Looking for research paper on social sciences? Let's see if we can help you! Get your first paper with 15% OFF Learn More Literature Review Gender Most of the recent studies have shown that there is a great influence of gender on happiness (Simon, 2008). Happiness is a state of mind that many researchers always argue about that anybody can be happy. Contrary to this statement, researchers have found that females nowadays are less happy than males (Helliwell, 2008). In addition, studies have shown that married men tend to be happier than married women are (Easterlin, 2008). This is attributed to the fact that nowadays, the expectations put on women have increased, mainly due to the extensive and numerous empowerment programs accorded to women. In the past, women were happy compared to men, but this has changed currently especially due to various marital conflicts facing women and men. Another factor that makes women less happy than men is the responsibility of taking care of children, which has always been reserved for women. The role of taking care of children increases stress in women, especially those whose jobs or careers are very demanding. One of the arguments is that women have more inte nsive workload due to their empowerment; as a result, today’s women tend to work extra hard and extra hours, leading to no or limited time for others and their families, and consequently bringing less happiness to them. According to Helliwell (2008), suicides, depressions, and self-destructive behaviors have risen among females recently, mainly due to the stressful life they tend to live. The argument is that as they play double roles of professional engagement and caring for family, they become very stressed and unhappy; indeed, those living in single parenthood are even unhappy, as they do not have anyone to help them with family responsibilities. Education level Most researchers have found that there is a direct link between education and happiness. According to Roberts (2013), high level of education results to a good living environment in terms of income, status, and even wealth, which brings happiness. High level of education allows one to attain significant status in t he society, leading to respect and happiness, which in turn leads to enjoyment of societal goods and resources. In addition, those who have a high level of education have more knowledge and they are more aware of their surroundings, thereby tending to enjoy most of the available resources. Besides, Verducci (2013) argues that higher education leads to possibilities of good employment and income, thereby making those who can afford education to be happier than those who are less educatedAdvertising We will write a custom research paper sample on Gender, Education Level and the Number of Children Influencing Perception on Happiness specifically for you for only $16.05 $11/page Learn More Overall, high level of education leads to higher income, which allows an individual to access most of things, he or she desires, thus increasing happiness. Education level again has a direct impact on the degree of happiness, mainly because high education is highly valued in the society, leading to self-confidence, and consequently raising the status of those who have a high learning status (Verducci, 2013). The Number of Children Different scholars have done research on the relationship between happiness and the number of children in different families. According to Easterlin (2008), the number of children in a family is inversely proportional to the level of happiness the family enjoys. This shows that the higher the number of children, the less happy the family will be. However, the birth of the first child always has a strong and positive effect on females’ happiness (Luis, 2010). On the male counterparts, the degree of happiness does not vary so much with the number of children unless they are helping the females to take care of the children. Again, according to Gobbo and Raccanello (2007), the degree of happiness always reduces during the development stages of a child up to the time the child reaches around 10 years. After teenage age, the degree of happiness increases steadily again in the family when the children have grown up. It is also found out that the increase in the number of children leads to lack of love in the family and later leads to decline in the degree of happiness (Luis, 2010). In some cases, having many children gives the parents, especially the female ones, emotional benefits, leading to increased happiness. Nevertheless, it is clear that an increase in the number of children lowers the degree of happiness, especially on the side of females (Gobbo Raccanello, 2007). Overall, it is important to note that the first child normally brings joy to the family, but subsequent children increase the level of stress in parents, leading to reduced happiness. According to Gobbo Raccanello (2007), there is always a direct link between happiness and the physical health of an individual. Hypotheses The first hypothesis is that women are less happy than their men counterparts. Hence, it means that gender determin es happiness among the population.Advertising Looking for research paper on social sciences? Let's see if we can help you! Get your first paper with 15% OFF Learn More Since happiness is an emotional feeling, women are more likely to be emotional most of the times compared to men. According to the study by Helliwell (2008), women are less happy than men are because they are emotional and increased responsibilities in life, both family and professional duties. The emotional nature of women coupled with marital conflicts and childcare issues make women to experience more problems and challenges than men. The second hypothesis is that the level of education has a direct effect on the degree of happiness. Those who have higher levels of education are more likely to be happier than those who have lower levels of education. In the study, Roberts (2013) found out that education is a significant predictor of happiness because it empowers individuals to achieve knowledge, good jobs, and amass wealth, which are essential in creating happiness. In the society, people with high levels of education get decent jobs, which consequently enhance their social and e conomic status, and thus happiness. The third hypothesis is that an increase in the number of children is more likely to reduce happiness among people. The happiness decreases with an increase in the number of children because children increase the burden to parents in terms of parenting, school fees, clothes, and foodstuff. Easterlin (2008) established that families with many children are less happy than families with no children. In essence, families with many children have reduced happiness as they spend most of the time figuring out how to provide for their children. Method Participants The General Social Survey offered the data that the study used in examining how gender, education level, and the number of children in a family influence happiness among individuals. The General Social Survey provides data that depict demographic characteristics of Americans and their attitudes towards various issues that affect their lives. In the selection of participants, the General Social Su rvey applies proportional sampling method. The selected participants normally undergo through face-to-face interviews. Davis and Smith (2011) state that the National Opinion Research Center (NORC) is a body that performs an annual survey among Americans who are above 18 years by using computer-aided personal interviews and face-to-face interviews. The General Social Survey is important because it provides an updated data regarding trends of social issues that affects Americans. Thus, given that the study aims at examining how gender, education level, and the number of children in a family influence happiness among people, it collected appropriate data from the General Social Survey. Hence, the study selected 2500 participants from the General Social Survey and analyzed their data to establish if gender, education level, and the number of children have any significant influence on happiness. Instrumentation The study used a three-Likert scaled questionnaire as an instrument for deter mining factors that influence happiness among Americans. The demographic features such as gender, education level, and the number of children comprise the independent variable of the study. In contrast, happiness is the dependent variable, which the study measures using a three-Likert scaled items, namely, very happy, happy, and not so very happy. Essentially, gender, education level, and the number of children are the three independent variables, whereas happiness is a dependent variable. To establish variation in the dependent variable, the study used a research question and obtained the answers in a Likert scale manner. Thus, the research question was how happy are you? Procedures The nominal scale applied in measuring the independent variables comprised of gender, education level, and the number of children. On the other hand, the scale used in the measurement of the dependent variable is an ordinal scale, which ranges from 1 to 3 in a Likert scale manner. In the data analysis, the study used the statistical software for social science (SPSS). As the study aimed at establishing the effect of gender, education level, and the number of children in a family, it used frequency tables and crosstabs in the presentation of findings. Furthermore, the study used Chi-square test in testing if the independent variables are significant predictors of happiness among Americans. The study did set the significance level at 0.05 of rejecting the null hypotheses of gender, education level, and the number of children. Results Analysis of data using SPSS did present results in frequency tables. Examination of the frequency tables depicts trends of happiness among 2500 participants based on their gender, education level, and the number of children. The frequency table presenting the independent variable of gender shows that 145 women and 50 men were very happy. Moreover, the frequency table also shows that 158 women and 75 men were happy, while 35 women and 45 men were not hap py. Overall, the frequency table indicates that most participants were happy in their lives. Moreover, frequency table of the level of education shows that 725 participants with higher education level were very happy while 175 participants with lower education levels were very happy. Comparatively, 1425 participants with higher education were happy while 850 participants with lower education levels were happy. Among participants who were not happy, 350 participants had a higher education level whereas 1475 participants had lower education level. Regarding the independent variable, among the participants with no children, 545, 1555, 440, and 400 participants were very, happy, and not happy respectively. Among participants with one child, 7675, 1265, and 468 participants were very happy, happy, and not happy accordingly. Regarding participants with more than two children, 8875, 990, and 6225 participants were very happy, happy, and not happy respectively. Further analysis using crosst abs shows that 5.8% of women and 2% of men were very happy. Moreover, the crosstab shows that 3% of men and 6.3% of women were happy, whereas 1.4% of women and 1.8% of men are not happy. In the crosstab that shows the distribution of participants regarding their education level, 29% of participants with higher education level were very happy while 7% lower education level were very happy. Among individuals who were happy, 57% had a higher education level while 34% had lower education level. Moreover, 14% and 59% of participants who were not happy had higher education levels and lower education level respectively. The crosstab of the number of children depicts that 21.8%, 62.2%, and 16% of participants with no children were very happy, happy, and not happy respectively. Comparatively, 30.7%, 50.6%, and 18.7% of participants with a child were very happy, happy, and not happy accordingly. Among the participants who had more than two children, 35.5%, 39.6%, and 24.9% were very happy, ha ppy, and not happy respectively. The studyused the chi-square test in testing the significance influence of gender, education level, and the number of children. The first hypothesis is that women are less happy than their men counterparts. The null hypothesis holds that men and women are equally happy, and thus it is expected that the distribution of participants in crosstab is equal. However, the crosstab shows women are happier than men. The distribution of percentages shows that 2%, 3%, and 1.8% of men were very happy, happy, and not happy respectively, while 5.8%, 6.3%, and 1.4% of women were very happy, happy, and not happy respectively. The chi-square test depicted that the p-value is greater than the significant level. Hence, the test reject the null hypothesis and affirms that women are happier than men (χ2 = 88.365, df = 2, p.005). The third hypothesis is that an increase in the number of children is more likely to reduce happiness among people. The hypothesis means tha t families with many children are unhappy when compared with families with no children. Crosstab shows that 21.8%, 62.2%, and 16% of participants without children were very happy, happy, and not happy respectively. Likewise, 30.7%, 50.6%, and 18.7% of participants with one child were very happy, happy, and not happy accordingly. Regarding families with more than two kids, the crosstab shows that 35.5%, 39.6%, and 24.9% of participants were very happy, happy, and not happy respectively. The chi-square test proved that the observed distribution of participants is significant because it shows that Americans with many children are less happy than those with one or no children ((χ2 = 128.568, df = 2, p.005). Discussion The variation in happiness among the population occurs due to a number of factors. Gender, education level, and the number of children are factors that the study sought to find out if they influence happiness among Americans. The first hypothesis states that men are ha ppier than women. The study done by Helliwell (2008) found out that women are less happy when compared to their men counterparts because they are emotional and have huge responsibilities both in the family and workplaces. In contrast with these findings, the study found out that women are happier than men. In this view, the study shows that gender is a predictive factor of happiness among Americans. The second hypothesis states that the level of education influence happiness among Americans. Roberts (2013) conducted a study a found out that the level of education influences happiness in that people with higher levels of education are happier than people with lower levels of education. The analysis of the General Social Survey reveals that Americans with higher levels of education are happier than Americans with lower education level. Thus, the study proves the education level is a significant predictor of happiness among Americans. The third hypothesis states that the number of chil dren is inversely proportional to happiness among people. In a study, Easterlin (2008) established that families with many children are less happy than families without children because of the increased responsibilities of providing school fees, food, clothing, and parenting. Similarly, the analysis of the data obtained from General Social shows that people with many children are less happy than those without children. This confirms that the number of children in a family significantly predicts the state of happiness among Americans. Although gender, education level, and the number of children contribute to some degree of happiness, it is important to realize that thoughts and other feelings enhance peace of mind, leading to happiness (Luis, 2010). Again, it is important to understand that wealth and money do not guarantee happiness, as one may have a lot of wealth, but live a stressful life due to social and emotional factors. Moreover, although gender, education level, and the num ber of children tend to influence the level of happiness, it is apparent that happiness is a choice that provides good health and well-being (Easterlin, 2008). Happiness requires making the right choices; for women, it is important that they lower their degree of expectations, as well as change their thinking and attitudes in order to be happy. Males on the other hand should try to change their attitudes and thoughts on the values and ideas that bring about happiness, as this will enable them to become happy. Since the study used one question in establishing the extent to which Americans are happy, the question does not accommodate all factors that determine happiness in a person. In this view, the question used by the study is not reliable in measuring happiness among individuals. Moreover, the study used three-Likert scale items as dependent variables that measure the extent of happiness. The three-Likert scale items do not measure the degree of happiness, and thus prone to errone ous outcome. Therefore, to improve the validity and the accuracy of the outcome, the study should use a number of questions that target factors that influence happiness and increase the Likert scale from 3 items to five items. Given that the study used 2500 participants, the number is relatively small compared to the general target population. The small number of participants decreases the external validity of the findings, and thus their application across all the population. Thus, the study should increase the number of participants and analyze their data appropriately to enhance external validity of the findings. References Easterlin, R. A. (2008). Life cycle happiness and its sources: Capabilities and happiness. New York: Oxford University Press. Gobbo, C., Raccanello, D. (2007). How children narrate happy and sad events: does affective state count? Applied Cognitive Psychology, 21(9), 1173-1190. Helliwell, J. F. (2008). Combining individual and national variables to explain su bjective well-being. New Jersey: Princeton University Press. Luis, A. (2010). Children and Life Satisfaction. Journal of Happiness Studies, 11(4), 523-538 Roberts, P. (2013). Happiness, Despair, and Education. Studies in Philosophy Education, 32(5), 53-475. Simon, R. (2008). Who are Happier: Men or Women? Gender Issues, 25 (2), 141-143 Verducci, S. (2013). Happiness and Education: Tilting at windmills? Educational Philosophy Theory, 45(5), 498-501.

Two theories of motivation Essays

Two theories of motivation Essays Two theories of motivation Essay Two theories of motivation Essay Motivation is an intangible human plus which acts as a driver that pushes worlds to be willing to execute certain actions. In merely about everything we do there is something that moves us to execute the action which involves some motive leting us to execute undertakings or actions which produces some type of personal benefit as a consequence. The general theory would be that, the greater the personal addition in executing the undertaking for the person, the more motivated they are to seek at the undertaking to accomplish the best result. Motivation is normally stimulated by a privation where there is a addition to be had as a consequence of executing a certain undertaking. As Todes, McKinney, Ferguson, Jr. ( 1977 ) p.223 provinces, A individual is a desiring being he ever wants, and he wants more. Therefore if there is nil that an single wants, there would be no demand for them to execute a certain undertaking as there is nil they can derive from it. Over c lip there have been many motivational theories developed to seek and research what motive is and how different degrees of motive can be achieved with different inputs. Two of the most widely recognised motivational theories come from Abraham Maslow ( hierarchy of demands ) and Fredrick Herzberg ( two factor theory ) . Directors in concerns would utilize these theories in an effort to actuate staff to supply them with occupation satisfaction and in return receive better undertaking public presentation. Through extended research Maslow and Herzberg developed their ain theories which are now used in concerns all around the universe. Both differ in how they are applied but in the modern universe they are seen as being wholly true by many although they should be perceived as being an interesting debatable set of observations about what motivates people ( Finchman A ; Rhodes, 2005 ) p.199. This is due to the deficiency of grounds to state that they are wholly true despite using to the overall bulk. Each is really similar in the manner that there are certain demands that must be fulfilled earlier high degrees of motive can be obtained. Abraham Maslow sets out a hierarchy of importance where human demands are arranged in a series of degrees ( Todes et al. 1977 ) . Like Herzberg s two factor theory, the demands in Maslow s hierarchy can be split into two degrees. The first set being the basic demands, incorporate physiological and safety demands. The 2nd set can be seen as the incentives dwelling of societal, esteem and self actualizing demands. In comparing to Herzberg, basic demands would be the equivalent of hygiene demands dwelling of: salary, co-workers, supervising, policies and environment. Herzberg s 2nd set ( incentives ) includes: acknowledgment, publicity, accomplishment, duty and intrinsic occupation facets, all of which are separately rather self-explanatory and reasonably interlinked ( Finchman A ; Rhodes, 2005 ) . As the construction of Maslow s hierarchy suggests, the higher incentives are harder to accomplish than the old and there is an order to which they must be acquired. If the old incentive ha s non been moderately satisfied so there will be no desire to seek and obtain the following. The physiological demands are reflected in the human demand to eat, breathe, remainder, drink and engage in active enterprises ( Todes et al. 1977 ) p.244. These demands can be seen as necessities for endurance doing it logical to be topographic point at the underside of the hierarchy and as the lowest incentive ( Todes et al. 1977 ) . Safety needs come in the signifier of experiencing secure in the occupation that you have which means that there is a demand of: shelter, a strong feeling of occupation security and as Todes et Al. ( 1977 ) provinces, a demand for protection against physical dangers along with the demand to gain a just wage that can fulfill a given criterion of life which is an component in Herzberg s list of hygiene factors. A director would be able to carry through the basic demands by giving suited sum of clip for interruptions in which the physiological demands can be eas y met. Safety would deduce from supervising and policies of the company where they act as a usher, assisting the employee s advancement giving them a feeling of being good supported. The environment that they work in would besides assist with employees experiencing safe every bit long as there is the turning away of physical dangers. Besides there is the struggle of whether or non salary is a incentive. Directors may believe that employees would work harder for a rise whereas others believe it is uneffective. Although necessary, hence it being placed in the hygiene factors and incorporated in the safety needs, it is non a incentive. The ground for this may be that although one receives more money for what they do, they will non needfully work harder holding acquired the rise. This therefore links salary to the incentive, publicity which would be the ground for why there is a sudden addition in an persons income. The incentives, get downing with societal demands, ( Maslow s 3rd demand which could be seen as being at the base of the motivational hierarchy ) can non be achieved unless the basic needs anterior to it are in topographic point and adequately satisfied. Social demands can be seen as the desire for interaction, credence and a sense of belonging with associates and personal familiarities ( Todes et al. 1977. With Herzberg, it can be argued that the societal incentive is split between both the categorical factors beliing Maslow s perceptual experience of it. As the hygiene factors of co-workers and to an extent, supervising, carry through the societal demand for interaction, the incentive acknowledgment would take to run intoing the demand for credence and belonging. Herzberg s incentive of acknowledgment combined with publicity, duty and possibly accomplishment would besides be linked with Maslow s 4th demand, respect. This, a more personal, possibly narcissistic demand, is much harde r for a director to integrate into the on the job environment due to the managerial tendency of cut downing most occupations to their lowest degree of occupation content ( Todes et al. 1977 ) . Bing noticed for good public presentation through congratulations and acknowledgment, which could take to the accomplishment of a publicity where duty is increased, can all be subscribers towards carry throughing regard but neer efficaciously fulfilling it wholly. Even if it does, it will merely be temporarily and possibly non plenty for the peak demand of self-actualisation to get down being met. It hence acts as a changeless incentive to work harder or go on working to run into the higher demands ( Finchman A ; Rhodes 1977 ) . Self-actualization is where an single grows towards a house apprehension of their abilities and utilises these accomplishments at an optimal degree ( McGregor. 1964 ) . This concluding demand nevertheless, is seldom met, hence it being at the top of the hierarchy as the thought of: as you progress up the hierarchy, the extremum of each demand that must be passed is higher than the demand before it. Not merely is this an of import factor, there is besides the demand that the old demands, although less dominant in focal point, must stay active and tolerably satisfied before the following factor can be of any involvement to the person ( Krech, Crutchfield A ; Ballachey cited in Todes et Al. 1977 ) . Due to this and the general fact that self-pride is satisfied in little measures and non on a regular basis, it does non do geting self-actualization an easy undertaking due to the antecedently described theory regulation. Although Herzberg s theory operates likewise, there is non as rigoro us an order to follow as to whether a specific factor must be met before another one can go of any involvement other than working on the footing that all hygiene factors must be adequately satisfied before any incentives can get down to be of any relevancy to the person. In this facet the theoretical account is more indulgent and due to non holding a rigorous order of how they must be met, any factor within their several classs can be acquired in any order doing it easy and ready to be tested. Not merely this but each factor is really much interlinked and regards one another in the manner that when one is achieved, other factors can be acquired in speedy sequence. Directors could so integrate this into the manner that undertakings are delegated so that when an employee completes one undertaking they obtain a certain sum of demand satisfaction. On the following undertaking performed, more demands could be fulfilled and unwittingly, employees would be come oning through the fulfilment of either Maslow or Herzberg s demands where they attain either more self-actualisation or occupation satisfaction. What needs to be kept in head is that although the two are really similar, Maslow s hierarchy can be applied about any state of affairs with the purpose of researching psychological patterned advance. Whereas Herzberg s theory outlines more of what factors must be in topographic point before occupation satisfaction can be achieved associating more specifically to motive and its impact within the work topographic point ( Finchman A ; Rhodes. 2005 ) . The intrinsic occupation facets would be the closest incentive related to personal achievement as this demand involves the employees feeling that through working they are profiting and developing as an person. This therefore means that a director would necessitate to seek and place which of the two theories they think would be most effectual and accomplishable in developing employee motive. Do they desire their employees to get occupation satisfaction through Herzberg s incentives or to be self realizing being more willing to work unders tanding themselves and what they are capable of. A combination of the two could be possible in Maslow s basic demands and Herzberg s hygiene factors but the acquisition of both does non needfully intend that motive or occupation satisfaction would be obtained, it merely means that occupation dissatisfaction would be probably to develop without it ( Finchman A ; Rhodes 2005 ) . Another point to retrieve is that non all persons are the same in what they want hence the theoretical accounts non being universally accurate. A state of affairs where either theoretical account would non be to the full applicable is where 1 is happy with their current place and the undertakings that they perform. As a consequence of the fulfilment of an unwanted demand such as publicity, that peculiar employee may underachieve as they have lost the occupation satisfaction they had prior to the acquisition of that motivational demand. Whereas another who may hold wanted such a demand would be discouraged due to them non having the publicity and as a consequence de-motivated the employee. As mentioned, everyone is different in their degrees of satisfaction and motivational precedences, some of which would be unknown to the person. Even if known they may non cognize what to make to obtain them. From this a director would hold to happen a manner of being able to match the demands of people with appropriate inducements ( Todes et al. 1977 ) p.165. Of class for a director to carry through all these demands they would hold to be able to associate to the motivational demands of the employees beneath them and integrate them into their scheme so that employees would be able to accomplish them through the undertakings they perform. As these motivational demands are met, employees may be more motivated to work and unwittingly develop other motivational demands that are fulfilled through the director s undertaking apparatus. A really of import factor for a director to retrieve harmonizing to Finc hman A ; Rhodes ( 2005 ) p.266, is that the rule of behavior that is rewarded tends to be repeated and that which is punished, avoided. From this, it can be seen that directors have a strong ability and influence on their employees behaviour. Therefore both motivational theories are non entire antonyms of each other but are in fact really similar. Both focal point on the incentives as being subscribers to psychological growing and development ( Finchman A ; Rhodes, 2005 ) . Each has certain demands which must be met before person can come on onto accomplishing motivational demands, such as in Maslow s instance the basic demands and the hygiene needs in Herzberg s both are seen as being needed to be in topographic point before there can be any patterned advance onto the following set of incentives. This besides expresses how both are similarly split into two groups. A large difference would be how Maslow s theory can use to any state of affairs but Herzberg s is more applicable in the workplace and set out in a manner that made it easy to turn out correct, whereas it was more hard with the former despite being taught as true ( Finchman A ; Rhodes, 2005 ) . Directors could efficaciously integrate the motivational techniqu es into developmental schemes by planing a work environment where employees would be able to develop personally as they work, in bend they could unwittingly get motive ( Todes et al. 1977 ) . This manner employees would be more willing to execute their undertakings and develop demands promoting them to work harder, going more motivated to run into these new demands. But possibly the most obvious and of import similarity is that although they are taught as being true, a director would necessitate to maintain in head that they are non. Even though they apply to the bulk, different people have different demands and degrees of satisfaction therefore either theoretical account can non be wholly relied on for a director to seek motivate employees ( McGregor. 1964 ) . Reference List: Finchman. R A ; Rhodes. P, Principles Of Organisational Behaviour, 2005 P.199, P.233 McGregor. D, The Professional Manager, 1964 P.11, P.75 Todes. J.L, Mckinney. J, Ferguson Jr. W, Management A ; Motivation, 1977 P. 165, P. 223-227, P.244