Impact of Democracy on Economic Development This paper is an analysis of the mutual relationship between politics and economic development. It analyses the regime dynamics to show that when the paths to democracy vary due to any reasons democracy still survives in the developed countries. The questions that arise from my research are: do political regimes affect the economic development? And does economic development affect the emergence and survival of political regimes?

The two research questions are connected as to be able to determine how political regimes affect economic development, one must ask about the emergence and endurance to the political regimes. A case example is Mali. In the year 1985, per capita income of Mali was $532, dictatorship increased at a rate of 5.35%. Hence the question arises, could economic development have been different if there was democracy in Mali? A comparison of France indicates that in 1985, France which is a democracy had per capita income of $12206 and it grew at a rate of 1.43% (Ndulo 2006).

These statistics indicate that most poor countries have a slower economic development than the rich countries due to democracy. In 1985, Mali was not a democracy as it was full of dictatorship thus slow economic development while France which is a democracy experienced a fast economic growth. This assumption is however not very true as democratic nations are still prone to poor economic growth as there some are underlying factors that affect both economic development and democracy.

We can therefore conclude that democracies are common in economically developed countries as compared to poor countries that have a poor economic growth. The explanation behind this is not because democracies are likely to appear due to economic development, but because of their likelihood of survival should any eventuality occur. Democracy varies with different countries but when the correct democracy is applied there is a higher chance of economic survival.

Reference

Ndulo, Muna. (2006). Democratic reform in Africa: The impact on governance & poverty alleviation. New York, NY: Ohio University Press.

This has had adverse effects on my studies by forcing me to study harder in order to understand concepts that I fail to grasp during lectures or discussions. Attempts to shift focus from myself and my personal concerns are, however, a strategy to overcoming the barrier because shifting focus from self is likely to reduce the effects of my concerns on my concentration through establishing psychological stability. An effort to concentrating on a message in communication is another strategy to overcoming the barrier and is likely to increase the amount of information that I capture (Beebe, Steven & Beebe Susan, 2011).

A poor attitude is another barrier to my listening. I am often critical during communication and am quick to identify possible mistakes in a speaker’s presentations. I am equally judgmental over a speaker’s physical appearance and a negative attitude shifts my attention from a speaker and associated message. Focusing on message content, rather than its structure and the speaker, is the possible strategy to overcoming the barrier because it can reduce my criticism and improve my ability to capture information in communication by focusing on message details (Beebe, Steven & Beebe Susan, 2011).

Particularly focusing on the financial monitoring aspect of the company, Creative Ltd. requires additional accounting resources to ensure an optimum level of efficiency and transparency in its financial reporting activities.

Accounting is the monitoring and controlling of all financial transactions that take place, or are liable to take place, and it provides a transparent view of where the company stands financially at any given point in time. However within itself, we can classify it into two major segments (1) Financial, and (2) Managerial. They are discernible as follows:

remains balanced. These activities include recording financial transactions, posting the double entries to general ledger, maintaining and adjusting general ledgers, closing the books and preparing financial statements. Managerial Accounting is more about monitoring financial performance, conducting variance analysis, following through with revised targets. It also encompasses the forecasting of sales, revenues, costs, budgeting activities of the firm etc.

Financial Accountancy is conducted for external stakeholders of the company such as investors, Stockholders, Debt Providers, Regulatory Bodies etc. whereas Managerial Accountancy is executed for decision making within the firm and the information is mostly employed by middle and upper level management of the company.

Financial Accounting is solely based on the past performance of the company, while Managerial Accounting focuses on the current predicaments and the possible future outcomes based on the previous performance of the company. (Diffen Online)

Financial Accountancy requires that the data be completely objective and verifiable, whereas in the case of Managerial Accountancy, the data need not be completely objective or verifiable. This is because financial accountancy is primarily an overview of how the company has performed, thus it must be backed by accurate and concrete figures.

The best quality wine is produced only when the fruit has been ripened to a level where it reaches a perfect balance of acidity and sweetness. The ripeness of grapes is influenced by the existing weather conditions as well. In order to produce the right type of wine it is crucial that everything from the level of ripeness the grapes have achieved to the existing weather are all in a perfect balance. Most of all the fermentation process is accelerated by a certain type of bacteria known as botrytis mold.

The latter part of the case takes an elaborate look at the different factors which impact its owner’s decisions regarding whether or not to harvest the grapes based on the weather predictions of an approaching storm. It discusses the ways in which the storm could affect the quality of wine and in turn its market price.

If the wine was perfectly botrytised the wine would be significantly superior in quality but its quantity would be reduced. This kind could produce fewer bottles but they could easily be priced relatively high at a price of $8.00.

The case study revolves around discussing all these factors which influence William Jaeger about deciding whether or not he should harvest the grapes prior to the approaching storm or wait for luck to strike. This is a critical decision to make and all possible options should be evaluated before taking a decision. There are several predictors of decision and various factors which have to be taken into consideration in order to decide whether the grapes should be harvested immediately or at a later stage.

The biggest problem is that Jaeger’s decisions are all based on assumptions about the weather forecast. Incase the assumptions fail, the consequential strategy will also be unsuccessful. Freemark Abbey can rent a weather detector to maximize surety.

This will, in turn, lead to changes in vehicle routing in the cities, and also, these changes will bring more complex transport mediums. &nbsp.&nbsp.&nbsp.&nbsp.&nbsp.

In this essay shows how the increasing growth in e-commerce has led to significant changes in the traditional distribution and logistics in the way the product is moved from the manufacturer to the customers.

The rapid growth in e-commerce is seen when the forecast for the change is made. Around 92% of retailers are selling online in today’s generation, while only 68% have brick-and-mortar stores. B2B e-commerce business has more value than B2C e-commerce, and there is a vast difference between the two, and the difference is also expected to grow with time.

The maturity of different e-commerce and different home delivery services varies in a massive way like transporting large items to home and the traditional markets are more preferred for buying large items than the e-commerce sites which is mainly chosen to purchase small items and also grocery items (Brandimarte and Giulio, 2007, pp. 23-28). This is because the traditional markets are the mature ones and have more security, and people tend to have more faith in them than on e-commerce sites to buy large items. In the case of B2C, the distribution activity has a start and end. thus, many potential changes can be seen in the urban areas. Therefore, for an e-commerce business to have an efficient, profitable, and reliable business process, it needs to have an efficient, reliable, and low-cost transportations system. The cost incurred in picking up the order will include below. As a result, it could be a significant bathe river to the e-commerce business. Even with the freight service being of low cost, it must see that the services can achieve the required level of efficiency and reliability, which is expected by the customers whose expectations always keep increasing. The present distribution channel for an e-commerce business most challenging to meet the customers’ expectations, and it needs to continuously make significant changes in the distribution channel to satisfy the customer’s expectations (Gourdin, 2006, pp. 46-52). The existing distribution channels have already reached their saturation points, and the customers’ expectations are beyond their level of efficiency.&nbsp.