An investigation into why e-businesses fail Essay

An investigation into why e-businesses fail - Essay Example This dissertÐ °tion used multi-cÐ °se studies Ð °s there were numerous exÐ °mples of fÐ °iled online businesses Ð °s well Ð °s successful ones. The results of the cÐ °se studies hÐ °ve shown thÐ °t stÐ °ff with experience in mÐ °rketing is vitÐ °l to the success of the online business, Ð °s mÐ °rketing in online business encompÐ °sses most Ð °spects of the business, Ð °nd is not just confined to Ð °ttrÐ °cting Ð °nd retÐ °ining customers. MÐ °rketing Ð °n online business Ð °lso involves mÐ °nÐ °ging the website itself Ð °nd ensuring thÐ °t the technicÐ °l Ð °spects Ð °re contributing to the customer experience. In the cÐ °se studies, it wÐ °s cleÐ °r thÐ °t experience wÐ °s the key to success in online businesses, Ð °s experience would influence other fÐ °ctors such Ð °s mÐ °rketing Ð °nd business plÐ °ns. Some online businesses mÐ °y need professionÐ °l help in mÐ °rketing, but only if they hÐ °ve not expertise within the teÐ °m. There fore it wÐ °s more importÐ °nt to recognise Ð °nd identify the shortcomings of the online business model before setting up the online business. This seemed to be Ð ° greÐ °ter determinÐ °nt of success, Ð °s Ð ° well-thought out business Ð °nd mÐ °rketing plÐ °n would Ð °nd should include experienced Ð °nd quÐ °lified personnel. The dissertÐ °tion Ð °lso highlighted the importÐ °nce of business pÐ °rtnerships especiÐ °lly where the online business wÐ °s not Ð ° mÐ °nufÐ °cturer. Since the dÐ °wn of the internet, Ð ° lot of businesses Ð °nd individuÐ °ls set Ð °bout estÐ °blishing online businesses in Ð ° bid to Ð °mÐ °ss mÐ °ssive profits. However, Ð °ccording to CrÐ °ine (2001) since the yeÐ °r 2000 Ð °pproximÐ °tely 200 online businesses went out of the business Ð °ccounting for more thÐ °n 50% of business closures. This high fÐ °ilure rÐ °te is of concern to the business Ð °nd finÐ °nciÐ °l community; Ð °s such closures will Ð °lso Ð °ffect stock mÐ °rkets Ð °nd shÐ °res. Some of the online

Encouraging Career Exploration among Adolescents Essay

Encouraging Career Exploration among Adolescents - Essay Example Adolescent age varies depending on gender, with girls experiencing it at an earlier age than boys. It is the age where risk behaviors appear through experimentation among the youths. During the experience, both sexes get a ray of decisions and pressure from all the sides interfering with their choices. Based on this regards, various factors affect career exploration among the adolescent. To start, career choices remain guided by the nature of jobs in the later life. When young, children tend to make decisions on future jobs depending on inspiration from their surroundings. This, however, changes during the adolescent stage where people often look for ideal jobs. This gets influenced by economic and social contextual factors forcing them to occupy new occupational paths (Nilsson, Schmidt, & Meek, 2002). The remarked transition according to psychological expert Doctor Bandura is because of new perceptions brought by ranging choices caused by many factors. This is the stage where many p eople feel they want to do more than expected hence engaging in things which go against societal expectations. They filter jobs to come up with the ideal jobs; they want to shape their careers based on job appropriateness (Hobbs & Stoops, 2002). Career decision making is a process that should be completed right from high school; however, the adolescent stage calls for a revision showing career immaturity. Consequently, the inability to make decisions also contributes to poor career choice during the adolescent stage. This is because many people in the adolescent stage feel they have the whole world in front of them. Settling on careers, therefore, remains a difficult activity which requires guidance (Gardner & Steinberg, 2005). Subsequently, migration plays an influential factor in adolescent career decision making. For instance, out-migration of rural adults creates a function of ruralist hence creating a feeling of limited job opportunities. Students in the adolescent stage found in rural areas, therefore, have problems making career choices for fear of job insecurity. The conflicting dilemma experienced by the rural youths is faced by adolescent youths, with many youths unable to judge the difference between urban employment and rural places. In this regard, youths tend to make career decisions which see urban employment guided by high income and more opportunities (Lent, Brown, & Hackett, 2002). Adolescent youths, for instance, argue rural jobs pay peanuts, and so they make the wrong decision of moving to towns while, in the real sense, urban employment pays high but is accompanied with many expenses. Apart from decisions based on rural or urban locations, career choice among the adolescent also faces other barriers. This includes qualification as well as financial obstacles. For instance, many adolescent youths hope for grandiose dreams with some wishing to be doctors while some hoe to be engineers (Gardner & Steinberg, 2005). In as much as these are poss ible, many youths in the adolescent ages fail to acquire the qualification for such careers.

Segment ideas for school brodcast Essay Example for Free

Segment ideas for school brodcast Essay 1) The segment would be interviewing people on their favorite movie. The segment is trying to show the different genres of movies people like. I would accomplish this by interviewing 10 people. I would put the segment together by interviewing the 10 people; do an introduction, and putting cool music in the background. This would be interesting to see because then people will have a good sense of what a good movie is and watch it. 2) The segment would be if people believed in unicorns or not. This segment would show how many people believe in unicorns. I would accomplish this by interviewing 20 people, do an intro, show 5 interviews, put music in the back and at the end say the ratio of how many people believe in unicorns. This segment would be interesting because students like to take a break from all the facts and listen to pointless things. 3) The segment would be a poem. This segment will show a something that inspirational. I would accomplish this by looking at poems, picking one, putting it on the screen and having the speaker read and explain what it means. This will be interesting because the students will have something to remember throughout the day to keep them working hard. 4) The segment would be a student comedy. This will show the students something that starts their day off good. I would accomplish this by videoing students doing comedy show. I would put the segment together by introducing it then playing the clip of the comedy. This will be interesting to students because in the mornings everyone is tired and laughing will wake them up. 5) This segment would be sports. This will show the students how good or bad our sports teams are. I would accomplish this by getting all the data of our sports teams and putting it in a chart. I would put this together by having a person read the sport data while the table is on the screen. This will be interesting to students because we don’t always have time to go to all the sport games to see who won, so this way we know if we won or not. 6) This segment would be videos of school events. This will show the school events and get more students to attend the events. I would accomplish this by videoing the events. I would put this together by editing the events, and putting music in the background. This will be interesting to student because they will be able to see what they missed in a one-minute video and want to come to the next event. 7) This segment would be an interesting fact. This will give students information that will stick in their brain. I would accomplish this by picking a fact. I would put this together by putting the fact on the screen and having someone read it. This will be interesting to students because they will learn something they didn’t know.

Accountability for Reasonableness for Priority Setting

Accountability for Reasonableness for Priority Setting Essay Accountability for Reasonableness, for priority setting and resource allocation. INTRODUCTION Pakistan as a developing country has very limited health care resources when  considering a huge population of over 170 million. We have very few tertiary care  hospitals and they are providing services to the whole country. Majority of people in  our country are poor and they are unable to afford the expenses of private hospitals,  though private hospitals are also very few. Thousands of doctors are unemployed  and still we have shortage of doctors. Majority of BHU (Basic Health Units) are  closed as majority of doctors belong to urban areas and they don’t want to work in  remote village areas. In all these situations, it is very difficult to maintain health  care throughout country. In this essay, I will take into account four conditions of  accountability for reasonableness for priority setting and resource allocation. I will  take into account these four conditions by Norman Daniels and I will consider a  tertiary care hospital scenario where I did my house job in medicine ward last year. There were majority of patients suffering from chronic liver diseases (CLD). I will  further continue this essay in discussion. DISCUSSION Before discussing the four conditions of accountability for reasonableness, I will  briefly discuss the case scenario. In my medicine ward as I earlier said majority of  patients were of chronic liver diseases (CLD) and it includes Hepatitis B, Hepatitis C  and cirrhosis of liver. Cirrhosis is the end result of hepatocellular injury that leads  to both fibrosis and nodular regeneration throughout the liver. The clinical features  result from hepatic cell dysfunction, portosystemic shunting, and portal  hypertension. Cirrhosis may cause no symptoms for long periods. One of the major  complications is uppergastrointestinal tract bleeding which may occur from varices,  portal hypertensive gastropathy, or gastroduodenal ulcer. Hemorrhage may be  massive, resulting in fatal exsanguinations or enencephalopathy. Esophageal varices  are found in 50 % of patients with cirrhosis. There are several treatment and  management options available for esophageal varices includin g acute resuscitation  as initial management, pharmacologic therapy, balloon tube tamponade, portal  decompressive procedures and emergent endoscopy. Endoscopic techniques are also  used for prevention of Rebleeding. 1. Now, I will discuss my case scenario. In our  hospital there is one associate professor who is trained in doing endoscopy and  Wednesday is fixed for performing endoscopies. Emergent endoscopy is performed  after the patient’s hemodynamic status has been appropriately stabilized (usually  within 2-12 hours). Majority of poor patients come to hospital in end stage liver  diseases. I have taken this case series as it is a perfect example of scarce resources. Many patients faced problems as their endoscopies were not performed on time as  there was only one day fixed in a week. Now I will apply the four conditions of  accountability for reasonableness for priority setting and resource allocation. These  four conditions are publicity condition, relevance condition, revisions and appeals  condition and regulative condition. Accountability for reasonableness makes it  possible to educate all stakeholders about the substance of deliberation about fair  decisions under resource constraints. It facilitates social learning about limits. It  connects decision making in healthcare institutions to broader, more fundamental  democratic deliberative processes. 2. In my case scenario I will apply the four  conditions as follows. The first one is publicity condition. It states that decisions  regarding limits to care and their rationales must be publicly accessible to clinicians,  patients, and citizens in a publicly administered system. When the patients suffer  the complication of esophageal varices, they are informed about the limited capacity  of the ward to arrange endoscopy as it is done on only Wednesdays and surgical  ward have their own burden of patients to be done endoscopies, due to this reason  we were unable to send patients to surgical wards and the patients and their  relatives mostly agrees on this setup and if their was any emergency only then we  take help from surgical ward or send the patients to any other hospital, so the first  condition is fulfilled. In above scenario second condition is also fulfilled which isrelevance condition. It states that the reasons for limit-setting decisions will be  reasonable if it appeals to evidence, reason, and principles that are accepted as  relevant by fair-minded people who are disposed to finding mutually justifiable  terms of cooperation. In my case scenario the decision making is according to the  framework. The rationales w ere reasonable as it is evident that we had limited  facility of endoscopy and it was fairly accepted by patients and their relatives and  also by doctors and other hospital staff. In our setup priority was given to those  patients who needed emergency endoscopy rather than those who requires  endoscopy for diagnostic procedures. The third condition is revisions and appeals  condition. This condition is a very common problem in government hospitals and in  our scenario we request consultants from surgical ward to do emergency endoscopy  if we think patient is serious and he or she may die if the endoscopy is not  performed on time or in other case the other hospital is very far so that it will be late  if we send the patient to other setup and here comes the function of oncall  consultants also, the oncall consultants plays huge role in these emergency  situations. This third condition is a mechanism for challenge and dispute resolution regarding limit setting decisions, including the opportunity for revising decisions in  light of further evidence or arguments. 3. Thus we fulfill the third condition also by  revising our decisions as I explained above. The fourth and last condition is  regulative condition or enforcement. There is either voluntary or public regulation  of the process to ensure that conditions 1-3 are met. This condition is also fulfilled in  our setup as we communicate with the patient and their relatives about our limited  resources. We are able to convince patients in our case scenario. The hospital  leadership is constantly making efforts to meet the conditions of ‘accountability for  reasonableness’. 4. CONCLUSION In this essay I have discussed all four conditions of accountability for  reasonableness, for priority setting and resource allocation. ‘Accountability for  reasonableness’ is a framework that can be used to guide legitimate and fair priority  setting in health care organizations, such as hospitals. In our beloved country  Pakistan we have few government civil hospitals bearing the burden of millions of  population. We try our best to server the humanity. Iam not claiming this system a  perfect one, it needs a lot of improvement and the example is my case scenario in  which we have very limited resources. Government should establish civil hospitals in  small cities also and should increase their budget; they should recruit more doctors  and nurses as we have shortage. They should train doctors with latest equipments  and provide hospitals appropriate medicines. In addition to this all the hospitals  should be provided with computers and also be made online so that a data system  can be established and it can help the patients and also hospitals for future  reference. I will conclude by saying that in such scarce resources, government sector  hospitals are doing excellent job. REFERENCES Current Medical Diagnosis and Treatment 2004. 43rd edition. Norman Daniels. (2000). Accountability for reasonableness. BMJ; 321; 1300-  1301. D K Martin, P A Singer and M Bernstein. (2003). Access to intensive care  unit beds for neurosurgery patients: a qualitative case study. J. Neurol.  Neurosurg. Psychiatry; 74; 1299-1303. Jennifer AH Bell, Sylvia Hyland, Tania DePellegrin, Ross EG Upshur, Mark  Bernstein and Douglas K Martin. (2004). SARS and hospital priority setting:  a qualitative case study and evaluation. BMC Health Services Research, 4:36

Sexism: Modern Day Society Essay example -- Gender Studies

The horror movie clichà © has a vast amount of stereotypical archetypes such as the dumb jock, the promiscuous female, the geek, and the innocent virgin. There are plenty of more archetypes that are on the protagonist side and as well as the antagonist side of the story. Of course in horror movies the antagonist archetype is the slow-walking, super-human and/or creature-like monster that usually wins a running race against their prey except is killed ultimately by the innocent virgin. There are movies in the past, present and likely future that will always contain these archetype characters because we have them in every aspect of life. On a daily basis, fictional horror movie killers wearing masks, like Jason Vorhees and Michael Meyers, will not be roaming around at home and/or work, every day or ever, but we will always have some type of stereotypical situation happen in one fashion or another. Female archetypes, or stereotypes, that plague movies of all genres are still present i n modern day Hollywood. This is just one example of how sexism is still a hot-topic. In the office, hospital, department store or any other place of business or pleasure are examples of common possible locations that can spurt a lot of sexist occurrences. Depending on an individual’s background (age, sex, race, etc.) there will always be a philosophical issue among gender roles and what is deemed socially correct. Human resources are a group of people that is present in all places of business. They are the people that run a company, business or in a global-scale, the economy. A portion of that same group of working people is human resource management that oversees the organization. This is one example parallelism to how the world works in certain places... ....† Retrieved from http://www.gendercide.org/case_infanticide.html Jones, A. (2004). Gendercide and genocide. (pp. 12-20). Ohio University, OH: Ohio University Press. Joyce, K., Sharlet, J. (2007). â€Å"Hillary’s prayer: Hillary clinton’s religion and politics†. Mother Jones. Retrieved from http://www.motherjones.com/politics/2007/09/hillarys-prayer-hillary-clintons-religion-and-politics Lerner, G. (1994). The creation of patriarchy. (1 ed., Vol. 1). New York, NY: Oxford University Press. Nelson, V. S. (1978). Infanticide and the value of life. (pp. 100-105). Buffalo, NY: Wiley Subscription Services. Silvestre, J. (2000). The rise of women leaders in philippines: A study of corazon aquino and gloria macapagal-arroyo. The Rise of Women Leaders, 165-177. Wellington, S. W. (1996). Women in corporate leadership: Progress and prospects. What's Holding Women Back, 36-43.

Racial inequality in the period 1945-55 Essay

How accurate is it to say there was significant progress towards racial inequality in the period 1945-55? Racial inequality in the USA was an extensive and significant issue before, and controversially after this time period. What is crucial to say is that progress still needed to be made – this is despite the colossal step forward predominately in the legal frame work of federal government, but economic and social steps too, for example – voting rights in the southern states. Arguably though these so called steps forward both helped and hindered the fight for black equality. An example of this hinderance would be the rise in white opposition due to African American protests. One major problem in American society before 1945 was the lack of expression the black population had on American politics, and crucially if they could vote the amount of affect they could make.One effective section of American society that was positively changed by primarily Truman’s government was political appointments, and political change. Perhaps interestingly you could say, limitedly that political viewpoints and acceptance had been altered. On one section we look at political appointments. Under Truman’s government we see an attitude change to black people in politics. Before 1943 we have no African Americans in senior political and federal positions. However the change begins in this year when William Dawson and Adam Powell were elected to congress – successively in 1949 we see William Haist become a Federal Judge. This arguably indicates a crucial change in viewpoints, or at least a step forward to this. Activism due to the war also heightened in1945. This point is crucial as its direct consequences allowed direct action to influence political agenda. For instance the Morgan V. Virginia case in 1946, arguably wouldn’t have appeared before the war. Irene Morgan with the help of the NAACP targeted supreme court, consequently ruling the segregation in interstate busses was illegal. So here we have a pathway. Increased black activism, increased direct action and political judge appointments – alongside government change of tactic leads to the conclusion that significant progress with various court cases have vastly improved the racial equality, in 1945-55. In hindsight we see a consequence of CNO’s direct action campaign in Arkansas. In 1945 1.5% of black people could vote, however as a result of increased activism in 1947 17.3 voted. This was crucial as it shows the phenomenal change the war brought on activism and equality and more interestingly how the apparent change in political viewpoint changed how Black people were able to express themselves politically, arguably this suggests its highly accurate to say this time period was significant. Another example of how significant progress was made was how various economic impediments were overcome. Before 1945 Huge restrictions, even in the North were upon Black workers – however under Truman’s Government and the ‘Secure these rights’ agenda things were about the change. ‘Secure these rights’ was a committee set up by Truman to highlight inequality and changes to be made in America. There are several main examples that were helped by this scheme, arguably the most significant were the various proposals and departments set up in 1949 which were consequently proposed to congress. One main section would be the ‘Fair Deal’ program. This initiative aimed to tackle fundamental economic inequalities. Evidence suggests that segregation was accentuated by literal segregation of communities. Black people had a lower standard of living. Under Truman in 1949 we see a government initiative providing a higher minimum wage and a public housing scheme. Moreover, looking at a different section of economic impediments we see a huge unemployment difference between black and white people, a startling statistic is that 62% of low paid labour jobs were done by black people, only 28% white. This huge juxtaposition in jobs was yet again tackled by Truman and ‘Secure these rights’ In his 1949 speech (to an integrated crowd) he pledged to not fund organisations that discriminate on the grounds of race. This was extended from before 1945 as the CGCC scheme. This arguably was achieved through Truman’s fight in the cold war, but perhaps more significantly through the efforts of Black direct action. Evidence suggests that although segregation was still an issue, looking back years before this era – significant change had been made to fundamentally the perception of people and the legal framework. I think looking at economic initiatives we see a path being built that wasn’t thought of before 1945. In this I believe this era is fundamental for the successes of people like Martin Luther King and the NAACP in the decades to come. Social changes, mostly as a result of the factors above Eg. Secure these rights, also took place in this period. The fight for equality was most apparent in the South before 1945. We see all aspects of society from education to restaurants was segregated, but this was, at least attempted to be tackled in this era. Steps were being made, with the help of activism, courts and initiatives. With education we see Black children were being segregated in inferior schools and to many extents being treated as second class citizens. Fundamentally though this had wider consequents as this lack of quality education would put Black people for generations to come at a disadvantage – helping segregation in the economy. Here we have a historical pathway. As a result of the war – activism was increased and groups such as CORE and the NAACP emerged. This allowed lobbying of supreme court, and laws to be passed in their favour, eg. Sweatt V. painter case (1950). In the Brown v. Topeka case we see that Direct action unswervingly caused the supreme court to rule in 1954 that segregation of schools was illegal. More over reported incidences of lynchings were proportionally lower in the later stages of this period, despite a boom after the increased activism. However on the whole the change is significant as it altered attitudes of the plessy v. Ferguson case in 1896, that black people can be ‘separate but equal’ This new ruling completely goes against this and I believe this is the true change of this period, and in many respects a beginning to the end.The evidence suggests here that without a doubt this time, due to many different factors was crucially significant to the framework of equality that was needed to change older and newer generations viewpoints on African Americans. Arguably in this light, this period seems detrimentally effective. In stark contrast we look on the other side of the spectrum. We see numerous de jure laws being placed, and we see that framework being laid – but how significant is that progress? How effective were those laws? We are now underpinning how little de facto change actually took place, especially in the political realm. For example there was a change in law in particularly the southern states enabling Black people to vote. However Grandfather clauses’ (you had to be able to prove the previous two generations had voted) and unanswerable literacy test or clause (the ability to read) stopped Black people from voting. In 1947,17.3% of black people could vote in new orleans – but many were stopped because of sheer intimidation. More over in the North – where arguably politically barriers were not present, poverty of black voters often stopped them from voting. So although laws had been placed preventing it – the idea of white supremacy constantly found routes around this. So looking at the significance of the change, the evidence suggests they are relatively minor in the de facto change. Furthermore we look at Truman’s significance, on one hand we see he was the first president (After Lincoln) to express Black equality so highly in his manifesto. However more significantly many of the proposals by ‘Secure these rights’ never got passed. This is because of the overwhelming about of racists in congress – arguably more could have been done in this period, but political factors stopped this from happening. The examples made earlier was the creation of the ‘CGCC’ (Committee on Government contract compliance). At the time of creation, this seemed to have worked. However in hindsight we see that it was poorly conceived and could not force defence companies to implement fair employment. Here is a clear example of how on one side of the spectrum the CGCC seems to have made significant progress – however when you dive deeper we see that little change took place – suggesting that this time period was not as significant as first thought. Perhaps if more defined laws had been implemented and congress backed Truman this time period could have been more effective. Political factors were not the only topic to doubt this eras significance. Stemming from this economically and socially, despite great change Black people still faced great hardship. In the South, they faced lower wages and higher unemployment. In 1950 one-third of black Americans lived in the North due to migration. This just fuelled the lower standards of living in ghettos, concentrated in industrial cities. On one hand this could be a positive factor, in that unemployment was down. Significantly though – looking at segregation, black industrial workers were unlikely to get payed the same as their white counterparts. Furthermore although unemployment had fallen they were still more likely to be unemployed than white Americans. For example in New York City 6% of the white population was unemployed, adversely the figure was 10% for black men. On one hand, arguably opportunities had been changed and improved for black workers, but significant progress still needed to be made. For instance socially, schools were still segregated on the large part in southern states, similarly in other aspects of life such as state bus services and social areas. Crucially black people were still treated like second class citizens, in this period, in many aspects of life. This point had not changed from before 1945. Segregation, although in many cases illegal put black citizens at a disadvantage constantly – so they could never be in the same position as white people, suggesting significant progress still needed a lot of progress. Above all, looking in hindsight at this point it seems the position of black people had fundamentally not changed, therefore one could conclude that it is not accurate to say significant progress had been made. In conclusion it is clear a combination of factors help both sides of this argument. On one hand we see that although de jure change has been made, little had been done to follow up these policy proposals, and on the whole peoples social, economic and political position changed very little. This is despite the steps forward in public engagement (direct action) and political momentum (Truman’s government). CORE’s ‘Journey of Reconciliation’ in 1947 is a prime example of this. On one hand we see black and white citizens standing up for what is right, non segregated interstate busses. However the consequence of this direct action was arrested campaigners and little media attention. Perhaps the years 1955, and later were more significant in making de facto change, in that problems were finally beginning to be solved at grass root level. However in stark contrast we look at the other side of the spectrum, relatively significant progress had been made. For example if you look at the years before 1945, we see little or no change to the legal framework, other than the 14th and 15th amendments that considerably contributed to equality of African Americans, however in this period we see masses of physical change in all aspects of society. More over we see increased activism due to the war laid down the fundamental roots of direct action. For example one major fault of the Journey of reconciliation was the little time it was over, 2 weeks. However these newly founded groups (UDL, NAACP, CORE) in this period grounded themselves, and learnt – for example the Montgomery bus boycott was a success, with the help of a better organised NAACP. On the whole I believe that it is hard to ignore the progress made in this period. From 1945, with primarily the help from supreme court many aspects of several generations lives were improved – and this improvement is more that can be said for any other period of time. It is this comparison alongside compelling grass root policies of Truman’s government that leads to the argument that it is accurate to say there was significant progress made 1945-55.

China’s Role in the World Economy

Over the past decades, the competitiveness of the United States economy has been outstanding because of its capacity for innovation, higher education system, market size in terms of labor and product markets, and flexible capital markets. These advantages have allowed U. S. industries to take a leadership role in the global economy, providing products and services demanded worldwide. However, the U. S. economic powerhouse faces expanded global competition. Economic liberalization throughout the world, skills upgrades in developing countries and massive technological advances mean that the United States faces expanded competition for jobs and investment. The United States’ overall competitive position in the world economy is threatened by uprising developing countries such as BRIC—Brazil, Russia, India, and China. This paper will focus particularly on China’s role in the world economy. At a time when the U. S. nd other traditional economic powers are weakening, China’s economic power is strengthening, indicating that it will try to find a much more assertive role in shaping the future of the world financial order. China, after all, has one-fifth of the world’s population, or roughly twice the population of the European Union, the United States, and Japan plus a handful of other high income nations. China sees the global downturn as an opportunity and it has the resources to seize the moment. Although Chinese leaders are struggling with shrinking trade and rising unemployment, China’s economy is still growing faster than those of other major nations. Chinese banks are more stable and the Beijing government is sitting on the largest stockpile of foreign reserves in the world. China's power has been increasing in recent years as it has surged to become the third biggest economy, after the U. S. and Japan. Since the late '70s, however, China's economy has doubled every eight years. In that same period, the U. S. conomy has doubled once. Today, average Chinese have some ten times the purchasing power they had just a quarter century ago. China's growth was led by exports and investments in fixed assets, such as factories and roads. China is now a powerful trading nation, and in recent years has been an avid consumer of industrial commodities such as copper, iron ore, and steel to fuel its rapid industrialization. Additionally, another main driver of Chinese growth was the Beijing Summer Olympics whom people looked to as a defining moment of China's rise. China's run of economic prosperity has been great news for millions of Chinese who have seen their living standards improve, as well as for global trade and the broader world economy. However, with all the foreign investment China is receiving, the country will only grow more and more interdependent upon the world economy. The impressive growth rate of China’s economy is not without its shortcomings. Problems such as inflation and inefficient state-owned enterprises plague the rise of the Chinese economy. Some of China’s economic problems seem to be internal, and connected with supporting the massive population while divesting the government of money-losing businesses. Its integration into the international economic order poses major difficulties for the rest of the world. These problems include bringing China's mixed market/centrally planned economy into the GATT, adapting to competition from labor-intensive Chinese exports, encouraging further market-oriented reform, and accommodating its demand for international capital. But China's participation in the global economy also offers important opportunities for trade, investment, and international cooperation to promote world prosperity and stability. The average Chinese GDP is still very low, meaning that it is a country with a lot of poverty. Since China has limited natural resources, the incremental increase in demand for these resources will have to come mainly from imports. Demand for energy and for certain other resources will thus grow very rapidly and China will have to expend large amounts of foreign exchange on their purchase, but China will have the oreign exchange required. And it is also clear that for the developed world, we have to react intelligently and strategically to what China is doing, accepting its aspirations, but also being aware of our own national self interest, and being clear about the ways we can work together. China is a manufacture based economy and is also graduating 350,000 engineers each year, six to seven times more than the U. S. These engineers are joining the manufacturing sector where manufactures now play an important role in response to global demand. The use of information technology in organizations is inevitable, be it manufacturing. It has contributed largely to the process advancements in countries much like Eastern Asia. Chinese manufacturers, for example, will continue to seek out and perfect the implementation of the latest strategies and technologies in the future. A comparative analysis of the investment patterns of U. S. manufacturers versus China is quite astounding. †¢ U. S. Manufacturing plants spent 3% of sales on capital equipment in 2004 whereas China spent 20%. †¢ In the U. S. 53% of manufacturing plants were expected to increase their capital-equipment spending in 2005 compared to China at 72%. †¢ IT spending was expected to increase at 42% of U. S. Plants in 2005 whereas in China, 75% of plants were expected to increase their spending on IT. In short, China has a manufacturing base that is, more cost-efficient today and investing more heavily in the capital equipment and IT that will enable it to become more innovative tomorrow. The impact of information technology in global trade is on the rise, as several advancements are focused on to be implemented in various developing countries like China. American entrepreneurs have pounced on the opportunity of growth in these countries, specifically in China. China is highly populated and is increasing in middle class citizens who have enabled the creation of consumer markets in China. While continuing to grow, entrepreneurs have leaped at the chance to be apart of the business and consumer growth. They learn the Chinese culture, language, and government regulations through their own research and or with the help of locals. Using the opportunity of unpenetrated markets and low resource and production costs, these entrepreneurs are able to build successful ventures. With high business growth, more Chinese citizens are able to afford purchase of imports and exports. Certainly, China is poised to become the world’s next economic super power and largest trading entity, in terms of inward and outward trading flows. If China would keep growing at this pace its economy would be bigger than the American’s economy by 2030 (Prasad, 2004). Their success in attaining that status will depend largely on how they collectively deal with their existing and future economic issues. The economy is showing positive changes but still faces very big difficulties. Despite its problems, China's economy is forecast to grow by at least 5% this year, in stark contrast to many major global economies that are shrinking. But these are speculations about the future. As for the present, China’s emergence is already a major challenge for other developing countries, for Asia, and for the world. That challenge will not diminish anytime soon.