Financial Analysis And Assessment Of Countrywide Financial...

This paper intends to provide a financial analysis and assessment of Countrywide Financial Corporation. The financial evaluations are based on the numbers calculated from the data on Countrywide Financial Corporation’s Financial Performance Worksheets. This paper covers three areas. The first part of the paper contains a brief history of Countrywide and the position of the corporation in the market of real estate mortgage. The second part is a SWOT analysis of Countrywide s performance and the reasons for their success’s and failures. Finally, a recommendation for Countrywide Financial Corporation and a conclusion. According to Eastburn (2010), Countrywide Financial Corporation became a $400 billion home loan machine in 2006. By 2007, the company had 661 branches in 48 states. As the mortgage market boomed beginning in 2000, no company pursued growth in home loans more aggressively than Countrywide. Countrywide’s fall was as spectacular as its rise. After nearly collapsing into bankruptcy as their financing dried up, Bank of America acquired the company in 2008. When Bank of America took over the company in July 2008, Mr. Mozilo was allowed to retire. According to Fraser (2008), he took home a total compensation package of $48,133,155. Stated Strategies and Plans Angelo Mozilo, the founder and Chairman of Countrywide Financial Corporation, was the driving force behind the company’s zealous plan to become the largest real estate mortgage originator in the United States.Show MoreRelatedForensic Accounting1945 Words   |  8 Pagestheir columns. Fraud in the financial community is consistently hidden in style. Since its beginnings in the great depression, to now, the great recession fraud has undoubtedly taking many forms and styles. Subsequently, many non suspecting patrons have been severely damaged as result of this greed and corruption. Many of Americas largest and most established companies are not exempt from this form of style manipulation. As we will soon see, many corporations, including Enron, have both theRead Morelending market and its aftermath reflec Essays4750 Words   |  19 Pagesaliber-paradigm. Using the paradigm to explain problems in stock market and housing bubble burst. The Leir Center For Financial Bubble Research Working Paper #1 THE KINDLEBERGER-ALIBER-MINSKY PARADIGM AND THE GLOBAL SUBPRIME MORTGAGE MELTDOWN William V. Rapp, The New Jersey Institute of Technology, United States, rappw@adm.njit.edu ABSTRACT This paper analyzes the current global financial crisis that originated in the US subprime mortgage market through the lens of the Kindleberger-Aliber-Minsky [KAM]Read MoreSubprime Meltdown: American Housing and Global Financial Turmoil8458 Words   |  34 PagesSubprime Meltdown: American Housing and Global Financial Turmoil In early 2008, policy-makers in the United States needed to deal with the frightening after-effects of what had appeared to be a glorious housing boom. The most immediate problem was a wave of foreclosures, which a Senate report predicted could reach 2 million by the end of 2009. Lawmakers sought to relieve the resulting pain and to preserve the longstanding dream of raising the US homeownership rate. Amidst a sea of lawsuits andRead MoreDifferent Political, Legal, And Economic Systems And Technological Forces On International Environment4233 Words   |  17 Pagesor be given (legitimacy products) and those that the legislature would not like to be given (products and terrible). Moreover, governments have awesome impact on the wellbeing, training, and framework of a country. Economic factors Incorporate financial development, interest rates, trade rates and the expansion rate. These components have significant effects on how organizations work and decide. Case in point, interest rates influence a company s expense of capital and in this manner to what degreeRead MoreThe Solution of New Century Financial Corporation9605 Words   |  39 PagesCASE 1.11 New Century Financial Corporation It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford From 1962 to 1992, Ed HAI LÚA served as the quintessential sidekick and straight man Johnny Carson to Johnny Carson on the long-running and popular television program The To- night Show. After leaving that program, HAI LÚA stayed in the television spotlight for 12Read MoreEssay about Definition of Sustainability and a Good Structure of It3277 Words   |  14 Pagesenvironmental limits while fulfilling social wants and needs has become an unparalleled platform for innovation on strategy, design, manufacturing and brand, offering massive opportunities to compete and to adapt to a rapidly evolving world. Based on the analysis most commonly words used around sustainability are like resources, future generations, community, development etc. Well known scholar’s define sustainability as: â€Å"Sustainability means transforming our ways of living to maximize the chancesRead MoreThe Solution of New Century Financial Corporation9616 Words   |  39 PagesCASE 1.11 New Century Financial Corporation It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford From 1962 to 1992, Ed HAI LÚA served as the quintessential sidekick and straight man Johnny Carson to Johnny Carson on the long-running and popular television program The To- night Show. After leaving that program, HAI LÚA stayed in the television spotlightRead MoreBarclays Strategic Analysis6105 Words   |  25 PagesBarclays Strategic Analysis | | | | | | | | Barclays Bank HQ, Docklands, London Contents Page No Introduction 3 History of Barclays 3 Company’s Structure, Planning and Control 4 SWOT Analysis 5 Five Forces Framework 9 The PESTEL Framework 11 BCG Matrix 13 Competitive Advantages 17 Present and Future Strategies 17 Conclusion 19 References 20 Barclays Strategic Analysis In this report –Read MoreDebt and Exchange Rate4733 Words   |  19 PagesUniversity of Toronto ECO 349 Money, Banking and Financial Markets G. Georgopoulos Student name: Kaiji Lin Student number: 997800535 Assignment 1. Find a recent  Ã‚  (August 2011†Ã‚  Ã‚  present) money and banking related article in the media (the Economist, Globe and Mail, National Post, New York Times, etc.,), and attempt to explain parts or all of it using the tools we learned in class. Highlight the sentences that you analyze, and hand in the article along with your work. Use written and graphicalRead MoreAxiata Strategic Management4252 Words   |  18 PagesStesen Sentral 5 Kuala Lumpur Sentral, 50470 Kuala Lumpur, Malaysia Tel: +60 3 2263 8888 Fax: +60 3 2263 8903 WEBSITE: www.axiata.com Date of Incorporation: 12 June 1992 Corporate Profile Axiata is known as one of the main Asian telecommunication corporations with controlling the interests in mobile operators. This organization is providing telecom service in 8 Asian countries involves: Malaysia, Indonesia, Sri Lanka, Bangladesh Cambodia India, Singapore Iran Axiata is including group of mobile

Best Friend Free Essays

I am always really impressed and excited by the girlstudents wearing Ao Dai coming out of schools every where in the city at the end of class time. That image is indeed beautiful and so rich in the Vietnamese culture! However, we may be forgetting such a lovely image because of the current tendency for cultural intergration . The white Ao Dai has been gradually replaced by the self-designed skirts matched with shirts as usually seen in the Korean or Japanese movies . We will write a custom essay sample on Best Friend or any similar topic only for you Order Now Seeing this reality, we, highschool students support the concept of maintaining the Ao Dai as the official uniform for highschool girlstudents. Introduce members of group) So why do we should keep using Ao Dai as school girls’ uniform? 1. First of all, the Ao Dai is a kind of dress that represents most deeply the nationality of the Vietnamese people. People never take the Vietnamese Ao Dai for the Japanese Kimono, for the Korean Hanbok or the Chinese Xam gown. With a long history related to that of the development of the Vietnamese people, the Ao Dai has become a typical tradition, rich in national cultural essence. In other words, the Ao Dai is the national costume for the Vietnamese women. That is why female delegates, leaders’ Ladies dress themselves in Ao Dai at the national or international conferences in order to affirm the sense of national superiority. The contestants for the global beauty contests always wear Ao Dai to promote the Vietnamese image. Right in our country, every day, every hour do we see the Vietnamese women in the national Ao Dai at hotels, restaurants, banks, post offices, schools and offices as well. The Ao Dai bears in itself the image of a country, Vietnam with an abundant cultural core. . The Ao Dai not only symbolizes the national tradition, but also glorifies the beauty of the Vietnamese women, especially the white Ao Dai has been connected with the softness and purity of the Vietnamese girlstudents for long time. With the simple but fine features, the purely white Ao Dai brings about the sense of nobility for highschool girlstudents. No one can forget the image of the girlstudents of Dong Khanh Highschool on their way back home. Tha t image has been the endless inspirations for writers and poets since then. Young girlstudents may like the youngness and the modernity of the new fashionable uniforms, but the Ao Dai is always the best choice for the dress that represents the dynamic and modern aspects of present-time girlstudents, but still keeps the non-mistakable of the Vietnamese women. 3. Finally, the Ao Dai honors not only the external beauty but also the internal beauty of the Vietnamese girls’soul more than any other costumes. To some extents, the dress we wear influences our behavior. In this sense, the Ao Dai has educational value. In the white, charming Ao Dai, the girls’ conducts, speech, attitudes and manner are even more valued. That is the thought of holding a representative,and national image ,the preservation and the development of the cultural values for the nation. The educational aspect of the Ao Dai not only spreads over the grirlstudents but also over the community . Every day, at any time we can happen to see the Ao Dai on any streets in the city: that is not just a beautiful image , but it is a symbol that reminds people of the typical, traditional, cultural beauty and profound, national sense of superiority. Consequently, for its national, educational and aesthetic values, represented in the girlstudents’ Ao Dai, we strongly recommend the Ao Dai to be the official uniform for highschool girlstudents. Vietnam being in its process of renovation and intergration; we may easily leave the traditional beauties behind. For this reason, we should not allow the imported foreign fashions or styles to bring the Ao Dai into decadence. Beautify ourselves and our city with your white alluring Ao Dai! Toi v? n luon ? n tu? ng va xuc d? ng khi m? i gi? tan tru? ng, nh? ng ta ao dai tr? ng c? a cac b? n n? sinh ua ra kh? cac n? o du? ng thanh ph?. Hinh ? nh ? y th? t d? p va d? m ch? t Vi? t Nam bi? t bao. Th? nhung, v? i xu hu? ng van hoa h? i nh? p hi? n nay, chung ta dang d? n m? t di m? t hinh ? nh d? p nhu th?. Chi? c ao dai tr? ng dang d? n b? thay th? b? i nh? ng b? d? ng ph? c t? thi? t k? , di? n hinh nhu cac ki? u vay k? t h? p v? i ao so mi ma ta v? n thu? ng th? y trong cac b? phim Han Qu? c hay Nh? t B? n. Tru? c th? c tr? ng nay, nhom h? c sinh chung toi mu? n th? hi? n quan di? m v? vi? c chung ta nen duy tri vi? c s? d? ng ao dai nhu d? ng ph? c c? a h? c sinh trung h? c. (Gi? i thi? u nhom) V? y t? i sao chung ta ph? i duy tri vi? c s? d? ng ao dai nhu d? ng ph? c c? a cac n? sinh? 1. Tru? c h? t, ao dai la trang ph? c th? hi? n tinh dan t? c sau s? c c? a ngu? i Vi? t Nam. Ngu? i ta khong th? nh? m l? n ao dai c? a ngu? i Vi? t v? i kimono c? a ngu? i Nh? t, hanbok c? a ngu? i Han hay su? n xam c? a ngu? i Trung Hoa. V? i l? ch s? lau d? i g? n li? n v? i l? ch s? phat tri? n c? a dan t? c VN, ao dai da tr? thanh m? t net truy? n th? ng d? c trung, d? m da b? n s? c van hoa dan t? c. Noi cach khac, ao dai chinh la qu? c ph? c c? a ngu? i VN. Do la ly do vi sao ? cac h? i ngh? qu? gia hay qu? c te, cac n? d? i bi? u hay phu nhan cac nha lanh d? o v? n m? c ao dai d? kh? ng d? nh s? t? ton dan t? c. Cac d? i di? n tham gia cac cu? c thi s? c depk toan c? u luon mang tren minh chi? c ao dai VN d? qu? ng ba hinh ? nh Vi? t. Ngay ? d? t nu? c chung ta, hang ngay, hang gi? chung ta d? u co th? nhin th? y hinh ? nh ph? n? Vi? t trong chi? c ao dai dan t? c ? cac khach s? n, n gan hang, buu di? n, tru? ng trung h? c va cac co quan khac. Nhu v? y, co th? noi r? ng ao dai da mang tren no hinh ? nh c? a c? m? t d? t nu? c Vi? t Nam d? m da b? n s? c van hoa. 2. Ao dai khong ch? ang d? m tinh dan t? c ma ao dai con ton vinh v? d? p c? a ngu? i ph? n? Vi? t Nam va ao dai tr? ng da g? n li? n v? i s? d? u dang, net trong sang c? a ngu? i n? sinh Vi? t t? r? t lau r? i. V? i s? don gi? n nhung tinh t? , chi? c ao dai tr? ng tinh khoi mang d? n c? m giac thanh thoat cho cac n? sinh trung h? c. Khong ai co th? quen du? c hinh ? nh n? sinh D? ng Khanh ngay xua m? i khi tan tru? ng v?. Hinh ? nh ? y cung la ngu? n c? m h? ng cho r? t nhi? u cac thi si tru? c day cho t? i t? n bay gi?. Co th? net hi? n d? i va tr? trung c? a nh? ng ki? u d? ng ph? c m? i khi? n cac b? n n? inh yeu thich, nhung d? v? n v? a th? hi? n tinh nang d? ng, hi? n d? i c? a n? sinh th? i nay ma v? n gi? du? c net d? p khong th? nh? m l? n c? a ngu? i ph? n? Vi? t, ao dai v? n luon la s? l? a ch? n t? i uu nh? t. 3. Cu? i cung, hon b? t c? m? t lo? i trang ph? c nao, ao dai khong ch? ton vinh v? d? p ben ngoai ma con nang cao cai d? p tam h? n ben trong c? a ngu? i con gai Vi? t. B? ng cach nay hay cach khac, trang ph? c ta m? c luon co ? nh hu? ng t? i hanh vi c? a ta. Ao dai co tinh giao d? c theo cach nay. Trong nh? ng ta ao dai tr? ng d? p nh? nhang, y th? c v? c? ch? , thai d? cach di d? ng va l? i noi c? a cac b? n n? sinh cung du? c nang cao. Do chinh la y th? c v? vi? c gi? gin m? t hinh ? nh d? i di? n c? a m? t dan t? c, la b? o t? n va phat huy nh? ng gia tr? van hoa c? a d? t nu? c. Tinh giao d? c c? a ao dai con co tinh ch? t lan t? a b? i khong ch? rieng cac n? sinh ma toan th? xa h? i d? u du? c giao d? c y th? c. B? i l? , hang ngay, c? m? i gi? d? n tru? ng hay tan h? c, ngu? i ta d? u co th? b? t g? p m? t ta ao dai tr? ng nao do tren b? t ki m? t n? o du? ng nao trong thanh ph?. Do khong ch? la m? t hinh ? nh d? p ma con la bi? u tu? ng nh? c nh? m? ng u? i v? cai d? p van hoa truy? n th? ng d? c trung va long t? ton dan t? c sau s? c. Nhu v? y, b? i tinh dan t? c, tinh th? m m? , va tinh giao d? c th? hi? n ro qua chi? c ao dai n? sinh, chung toi d? cao vi? c duy tri s? d? ng ao dai nhu d? ng ph? c h? c sinh ? tru? ng THPT. D? t nu? c cang d? i m? i va h? i nh? p, chung ta cang d? dang m? t di nh? ng net d? p truy? n th? ng. V? y nen d? ng d? nh? ng thi? t k? th? i trang ngo? i nh? p lam ao dai n? sinh c? a chung ta b? lang quen. Hay t? lam d? p chinh chung ta va lam d? p c? thanh ph? nay v? i nh? ng chi? c ao dai tr? ng c? a cac b? n! 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Diagnosis and Management of Community †MyAssignmenthelp.com

Question: Discuss about the Diagnosis and Management of Community. Answer: Introduction: The case study under review is for patient John aged 20 years, with clinical presentation of pneumonia. Physical exams reveal the patient is dry and pale, signs of dehydration. The origin background of the patient is that she is Chinese female student. Studying at the university of Tasmania, Sydney, a second year student and lives in Inverk apartments. Her original home is Shanghai China. She apparently arrived in Sydney few days ago before developing the medical condition symptoms that are currently facing her. Upon admission she was complaining of having chest pain, cough and the feeling of tiredness, (Son , Yoo Kim, 2014). The patient has a history of hypertension for a period of 2 years and he is undergoing medication. Current drugs for hypertension are aspirin. The pressure measurement upon arrival are at 140/80mmHg. Her symptoms reveal that she has episodes of vomiting and shaking chills during the night time. Upon admission at the hospital emergency unit, her vitals measurements reveals that her pressure is at 130/80mmHg. Her pulse rate 110 beats / minute. Her temperature 39 oc respiration rate is at 24 beats per minute, barely 2 hours later her vitals are; blood pressure is at 140/70 mmHg, pulse rate is at 70 beats / minute and her temperature level s at 70 beats/ minute. Pneumonia is often an infection of those results from the inflammation of sacs of air in the lungs. The sacs may be filled with fluid, causing cough, caused by bacteria, viruses and fungi, (Eccles, Pincus, Higgins Woodhead, 2014). The changes in the vitals signs is an indicative of pneumonia, blood pressure are usually low with high pulse rate as seen from the impression observed from the assessment of the vitals and is usually accompanied by low oxygen saturation,(Nair, 2011). There is higher respiratory rate above the normal levels seen earlier on before manifestation of other clinical symptoms, (Postma et al., 2015). Chest exam exams show normal however there is little expansion on the left side. Breathing sounds may be harsh due to the cough and the larger air ways that is transported via the larger inflamed lung and can be physically distinguished through auscultation with the use of stethoscope, (Murray Nabel, 2010). When coughing crackles may be evident. There is the occurre nce of percussion in the lungs. The change in the voice is a clear indication for distinction between pneumonia and pleural effusion. Processing the information The pneumonia disease is can portray fatal conditions which is characterised by infection and inflammation in the lungs and the lower respiratory tract, it can be caused by bacteria and viruses, usually streptococcus or pneumonia, (Huijskens et al., 2014). The disease is frequently characterised by high fever which is associated with shortness of breath,. With rapid breathing, chest pains which are sharp and cough characterised with phlegm. Pneumonia that arises from outside the hospital like for this case is referred to as community acquired pneumonia, (Wyrwich et al., 2013). Pneumonia develops within 48 hours or later after admission to the hospital. The goal of treatment is to cure the infection of the diseases. The patient is having symptoms which are the clinical symptoms are persist not dry cough which the patient is having is like however the low grade fever her displayed, the patient is having high temperature. Fatigue and tiredness and the chest pains and the cough she is experiencing often characterised loss of appetite. For this case the pneumonia displayed is high. The occurrence of difficulty in breathing, exercise sweating and rapid breathing with increased rapid rate of the heart as displayed from the vital signs. The temperature values are high than normal typical of high fever for these diseases. The blood pressure is high above the normal values. This is observed form the high rate of respiration and heart beats. My assessment with the patient is that she is feeling weak on and the vitals keep changing on time basis, there is need for close monitoring of the patient. And to manage clinically the symptom she is facing. My assessment interaction with patient is that, measuring her vitals was paramount; getting the confidence and experience to do so is courage of good act which must be utilised effectively. The patient is so much worried on the progress of her diseases which she seems to deteriorate so much. In my measuring her vitals , the usage of the equipment are useful in the assessment, as poor use leads to lack of valid results test which reflect eventually on diagnosis as demonstrated by Shepherd , (2006). One thing which I didnt not manage effectively to do is the measurement of the pulse rate and respiration rates, having gotten the necessary theoretical procedure of doing it, it was not significant to be helpful in delivering the right results for the patient which are important in the assessment. The theoretical aspect in my class learning activities received in class were not application of knowledge to effectively handle the assessment effectively .If given the results nest time the approach will be to effectively get the basic concepts of relaxing the patient so as to get the ample time to measure. Also I will conduct the assessment in the morning just after the patient wakes up and before going out of bed for resting pulse assessment. The right procedure learnt in class will be applicable in this case, which is counting the beats in a set period of 20 seconds and multiplying the number to get the number in beats per minute. Thus in my future assessments I will be keen to manage external factors which influence my patient assessment effectively and take into consideration as valid results are obtained when done validly. References Eccles, S., Pincus, C., Higgins, B. and Woodhead, M., 2014. Diagnosis and management of community and hospital acquired pneumonia in adults: summary of NICE guidance. BMJ: British Medical Journal, 349. Huijskens, E.G., Koopmans, M., Palmen, F.M., van Erkel, A.J., Mulder, P.G. and Rossen, J.W., 2014. The value of signs and symptoms in differentiating between bacterial, viral and mixed aetiology in patients with community-acquired pneumonia. Journal of medical microbiology, 63(3), pp.441-452. Nair, GB; Niederman, MS (November 2011). "Community-acquired pneumonia: an unfinished battle". The Medical clinics of North America. 95 (6): 114361. doi:10.1016/j.mcna.2011.08.007. PMID22032432. Postma, D.F., Van Werkhoven, C.H., Van Elden, L.J., Thijsen, S.F., Hoepelman, A.I., Kluytmans, J.A., Boersma, W.G., Compaijen, C.J., Van Der Wall, E., Prins, J.M. and Oosterheert, J.J., 2015. Antibiotic treatment strategies for community-acquired pneumonia in adults. New England Journal of Medicine, 372(14), pp.1312-1323. Shepherd, C., 2006. Reflection on a patients airway management during a ward?based resuscitation. Nursing in critical care, 11(5), pp.218-223. Son, J.S., Oh, J.H., Yoo, J.H. and Kim, J.B., 2014. Acute Respiratory Distress during Impression Taking in a TMJ Dislocation Patient with Pneumonia. Journal of the Korean Dental Society of Anesthesiology, 14(2), pp.119-126. Wyrwich, K.W., Yu, H., Sato, R., Strutton, D. and Powers, J.H., 2013. Community-acquired pneumonia: symptoms and burden of illness at diagnosis among US adults aged 50 years and older. The Patient-Patient-Centered Outcomes Research, 6(2), pp.125-134.

Women And Aids Essays - HIVAIDS, HIV-positive People,

Women And Aids Understanding the Issues of Women and HIV/AIDS Rachel Seldin, Colgate University, Hamilton NY 13346 ABTRACT: Infection with the human immunodeficiency virus (HIV) had emerged as a major health problem for women in the United States. Family physicians can play an important role in the detection and care of HIV-infected women. The epidemiology and natural history of HIV infection in women were reviewed. HIV infection is now a leading cause of morbidity and mortality among young women in the United States, particularly women of racial and ethnic minorities. Most cases of acquired immunodeficiency syndrome (AIDS) in women occur as a result of injection-drug use or heterosexual transmission. Based on limited information, women and men appear to have similar AIDS-defining conditions. Gynecological problems are common n HIV-infected women. Pregnancy does not seem to be affected by early HIV infection, but women with advanced disease might be at increased risk for obstetric complications. More women need to be included in natural history studies and clinical drug trials. Early awareness of HIV infe ction and better access to health care services are required to improve the treatment and survival of HIV-infected women. KEYWORDS: Acquired Immunodeficiency Syndrome (AIDS), Human Immunodeficiency Virus (HIV), Pregnancy, Zidovudine (AZT), Vaginal Candidasis, Transmission Methods of HIV/AIDS, Perinatal Transmission, Women and HIV INTRODUCTION: Acquired Immunodeficiency Syndrome (AIDS) has been declared ?the public health threat of the century' (1 cited in 2). The US Surgeon General has designated it as the nation's number one health priority (2). AIDS is a disease that affects the immune system. The term immunodeficiency refers to the inability of the immune system to function properly, thus making the individual susceptible to a variety of infections not typically found in a healthy immune system (3). A syndrome is a group of symptoms or illnesses originating from one cause. The main agent causing AIDS is a retrovirus known as Human Immunodeficiency Virus (HIV). HIV is the agent of a sexually transmitted disease that can also be contracted through blood transfusions or IV drug use; the disease can also be passed on to a fetus during pregnancy. When people are infected with HIV, they are not necessarily also infected with AIDS. A person is not infected with AIDS until HIV reduces immune function to a certain level or when one or more serious illnesses related to HIV occurs. (4) Everyone is at risk of contracting the HIV virus, although women with HIV/AIDS face more difficulties living with this disease than do men. HIV/AIDS women are of special interest because they are the major source of infection of infants. Not only do they have to think about the effects on their own lives, but also they must think about their infants if they choose to conceive. In my paper, I will review the ways in which HIV/AIDS affects women differently than men, through clinical issues and gynecological manifestations. I will also discuss the virus itself and issues concerning HIV positive women who are planning to conceive. WHAT IS AIDS? In early 1983, a team at the Pasteur Institute in Paris, France led by Dr. Luc Montagnier first announced the discovery of HIV (5). They originally named it LAV, or lymphadenopathy-associated virus. However, it was not until the American team, led by Dr. Robert Gallo, called the virus HTLV-3 or human T-cell lymphotrophic virus that both teams collaborated and simplified it to just HIV (5). HIV can cause a range of conditions, of which AIDS is the worst. For example, it can lead to persistent swelling of the lymph nodes (5). Other people may have more serious symptoms but still show no sign of AIDS. This condition is known as AIDS related-complex ( ARC) (5). Some of the symptoms of ARC include swollen glands, severe or chronic diarrhea, severe fatigue, rapid unexplained weight loss, drenching night sweats, fevers, and yeast infections, Although it can be serious, ARC is not fatal (5). The cause of AIDS is not fully understood. There are other factors are involved in the development of AIDS. Once a person tests positive to HIV, alcohol or drug use, poor nutrition, high stress levels, frequent exposure to other disease (especially sexually transmitted disease), have all been suggested to increase the risk of developing full blown AIDS (5). HIV

The Truth About Government Grants

The Truth About Government Grants Contrary to what books and TV ads say, the U.S. government is not giving away free grant money. A government grant is not a Christmas present. According to the book American Government Politics, by Jay M. Shafritz, a grant is, A form of gift that entails certain obligations on the part of the grantee and expectations on the part of the grantor. The key word there is obligations. Getting a government grant will get you lot of obligations and not fulfilling them will grant you a lot of legal troubles. In fact, the tantalizing but false lure of â€Å"free† money from the government has spawned some potentially disastrous government grant scams. Few Grants for Individuals Most federal grants are awarded to organizations, institutions, and state and local governments planning major projects that will benefit specific sectors of the population or the community as a whole, for example:   A neighborhood street paving projectA state-wide program to re-train displaced workersA project to attract new businesses to a depressed downtown areaA regional water conservation programA state or county-wide flood control project   Organizations that get government grants are subject to strict government oversight and must meet detailed government performance standards during the duration of the project and funding period of the grant. All project expenditures must be strictly accounted for and detailed audits are conducted by the government at least annually. All granted funds must be spent. Any money not spent goes back to the Treasury. Detailed program goals must be developed, approved and carried out exactly as specified in the grant application. Any project changes must be approved by the government. All project phases must be completed on time. And, of course, the project must be completed with demonstrable success. Failure on the part of the grant recipient to perform under the requirements of the grant can result in penalties ranging from economic sanctions to prison in cases of improper use or theft of public funds. By far, most government grants are applied for and awarded to other government agencies, states, cities, colleges and universities, and research organizations. Few individuals have the money or expertise necessary to prepare adequate applications for federal grants. Most active grant-seekers, in fact, employ full time staffs to do nothing but apply for and administer federal grants. The plain truth is that with federal funding cutbacks and competition for grants becoming more intense, seeking a federal grant always requires a lot of time and potentially a lot of money up front with no guarantee of success. Program or Project Budget Approval Through the annual federal budget process, Congress passes laws making money lots of it available to the various government agencies for doing major projects designed to assist some sector of the public. The projects may be suggested by the agencies, members of Congress, the president, states, cities, or members of the public. But, in the end, Congress decides which programs get how much money for how long. Finding and Applying for Grants Once the federal budget is approved, funds for the grant projects start to become available and are announced in the Federal Register throughout the year. The official access point for information on all federal grants is the Grants.gov website. Who is Eligible to Apply for Grants? The grant’s entry on the Grants.gov website will list which organizations or individuals are eligible to apply for the grants. The entry for all grants will also explain: How  the grant money can be used;How to apply including detailed contact information;How applications will be reviewed, judged and awarded; andWhat is expected of successful grantees including reports, audits, and performance standards Other Types of Federal Government Benefits While grants are clearly off the table, there are several other federal government benefit and assistance programs that can and do help individuals with many needs and life situations Beware the ‘Free’ Government Grant Scams The illusion that government grants are somehow â€Å"owed† to taxpayers and are thus available for â€Å"free† has inevitably led to numerous dangerous grant-getting scams. Consider the following offer. â€Å"Because you pay your income taxes on time, you have been awarded a free $12,500 government grant! To get your grant, simply give us your checking account information, and we will direct-deposit the grant into your bank account!† So compelling! But as the Federal Trade Commission (FTC), the nation’s consumer protection agency warns, such money for nothing† grant offers are almost always scams. Some ads will claim that just about anybody will qualify to get â€Å"free grants† to pay for education, home improvements, business expenses, even credit card balances. Along with email ads, grants scammers often make telephone calls claiming they work for a â€Å"government agency† that has â€Å"discovered† you qualify for a grant. In either case, the claim is the same: your application for a grant is guaranteed to be accepted, and you’ll never have to pay the money back. No matter what the offer’s bait is, the hook is always the same. After congratulating them on their eligibility, the scammer asks their victim for their checking account information so the grant money can be â€Å"deposited directly† into their account or to cover a â€Å"one-time processing fee.† The scammer may even reassure the victims that they will get a full refund if they are not satisfied. Of course, the reality is that while the victims never see any grant money, they do see money disappear from the bank accounts. As the FTC advises, consumers should never give out their bank account information to anyone they don’t know. â€Å"Always keep your bank account information confidential. Don’t share it unless you are familiar with the company and know why the information is necessary,† warns the FTC. Persons who suspect they have been a victim of a government grant scam should file a complaint with the FTC online, or call toll-free, 1-877-FTC-HELP (1-877-382-4357); TTY: 1-866-653-4261. The FTC enters Internet, telemarketing, identity theft, and other fraud-related complaints into Consumer Sentinel, a secure online database available to hundreds of civil and criminal law enforcement agencies in the U.S. and abroad.

Assess The Company Pixar Media Essay

Assess The Company Pixar Media Essay This report is going to assess the company Pixar from an innovation perspective. This report will focus on the good and bad points of the company to give an insight into its attitude towards innovation. A number of different methods were used to gather the information in this report, such as websites, interviews, articles and books. Steve Jobs (Apple CEO) purchased the computer graphics section of Lucasfilm Ltd in 1986 and called this new company Pixar. Pixar started as a very small company with only 44 employees. Pixar started making short animations films which were at the forefront of CGI technology. Pixar also created a number of adverts for companies such as Listerine in their early years. The first feature length movie Pixar created was Toy Story and it was the first fully computer generated animated film ever, Toy Story grossed $362 million worldwide. Pixar did not just create animations, they also developed a lot of the technology which allowed them to create their films. Wo rk teams and some individuals won numerous awards from organisations like The Scientific and Engineering Academy Awards in fields such as Digital scanning and Direct input devices. One huge advantage Pixar has over other animation companies is their unique understanding of innovation in company structure and employee relations, this report will aim to discuss this in further detail. Section 2 – Employee relations Pixar is a very organic company which disagrees with the structure of mechanistic organisations. A mechanistic organisation has a very hierarchical structure and the companies future is dictated by those in senior roles. Section 2.1 – Brad Bird Steve Jobs hired Brad Bird into the company after its first three successful films, Jobs was worried that they had ran out of creativity and he did not want the company to go stale. Brad Bird understood that there was room for improvement in the companies creative process. Bird understood that every employees input is v alid and has its use. He knew that communication is vital in the innovation process so everyone can help each other to create the best work possible. The main problem with this is that It is difficult to get employees to speak their minds as they are often afraid of criticism from their peers, and they have good reason to fear this as they are working with some of the best animators in the world. Birds solution to this problem was to get the employees in groups to look at the work each member had done that day. Bird wanted to encourage people to speak their minds, he talked about the strong and weak points of each persons work and praised people for challenging his criticisms. At first this did not work very well, before Bird was introduced to the company the animators were afraid to criticise any work as previous managers did not take kindly to criticism, however constructive it was. It took nearly two months for any of the employees to actively participate in these group discussio ns, however one employee finally did and the rest of the employees saw that Bird praised this employee for doing so as he knew it was the best way to get everyone comfortable with this process.

Wireless Deployment Plan Term Paper Example | Topics and Well Written Essays - 2000 words

Wireless Deployment Plan - Term Paper Example Both users and administrators have experienced increased value in learning institutions. The efficiency is achieved by proper deployment of the wireless network through a wireless deployment plan. A wireless network provides an ideal and effective connection given the mobility of students and the staff (Cisco, 2010). This requires a wireless deployment solution that will address the wireless network security, management, deployment, and control of deployment aspects. It is important to note that the deployment should combine the best elements of secure wireless networking and wired networking that is capable of delivering scalable secure and efficient wireless networks on low total cost. This report provides a wireless deployment plan for a higher institution of learning with one campus but with several buildings (Cisco, 2010). The wireless deployment plan provides a framework through which the network can be installed and implemented. Additionally it entails the management, maintenance and control procedures for the network. Most importantly, the plan entails the requirements to implement the wireless network. The wireless technologies that can be adopted for such a network include 802.11 Standard (Cisco, 2010). Best wireless networks are delivered through a well-planned deployment strategy. This wireless deployment plan provides the structure for the campus wide wireless network solution that will be used by both the students and the staff. The deployment plan purposely addresses the strategy of implementing the wireless network. It enhances security in the wireless network and provides management and maintenance frameworks (Brocade Communications Systems, Inc., 2010). Wireless networks are highly sensitive to overlapping frequencies therefore; the use of wireless technologies must be planned. The purpose of this deployment plan is to

ArticleAbstract Assignments Essay Example | Topics and Well Written Essays - 250 words - 1

ArticleAbstract Assignments - Essay Example icle, based on its two research questions, concludes that league matches are the products of the professional leagues and that the products are sold to four parties, â€Å"the fans, television and other media,† communities that either support or offer services to league teams and â€Å"corporations† (Mason 410). It makes an important contribution by creating awareness of the roles of different stakeholders in the sports market. By identifying the fans, for example, through their attendance or media charges, as primary buyers of the sports’ product and not the media product, the article motivates them and promotes their commitment to supporting the economic activity at both social and economic levels. It therefore succeeds in promoting the economic aspect of the sports by identifying benefits to all the involved consumers (Mason 403-414). The article can however be criticized for relying on outdated resources. Using resources that are more than two decades old can mislead because of the dynamic nature of sports and markets. The researcher also failed to outline his

Prime Duty of the Government Is to Serve Essay Example for Free

Prime Duty of the Government Is to Serve Essay The dining area is more than just an area to place the  tables and chair. It should be inviting, warm and cozy, a place where the family enjoys sitting together. Think back to your childhood. Chances are, mealtimes stand out in your memory. The family sits together, eats, and talks. If you dont want everyone to just eat and run, strive to make this place as inviting as possible. Here are some tips. Seating All too often we come across sleek  dining room chairs  with little or no padding. Although these may look good depending on the rest of the decor, they are not the most comfortable. If you like to linger over a meal with your loved ones, ensure that the seats are as comfortable as can be, with plenty of padding. If the dining table is placed in the corner of a room, consider placing sofa-bench style seating on the wall-side of the table. You could have comfortable chairs on the other side. Candles Eat by candlelight! You dont need to spend a fortune replenishing candles. Take a tall glass, fill it up with water, and float a tea-light on the top. Light this every night. A single tea-light burns for around four hours, so it should last you three or four nights. You could lower the lights and truly enjoy the experience and reduce electricity costs. Place a  dimmer  switch on the lights. Keep a tall candlestand on the center of the table to hold straight, elegant candles. Light these when entertaining. Flowers A vase of flowers looks charming. Ensure it doesnt occupy too much space, and you dont need to remove it when serving the food or when seated at the table. Also, remember that the flowers should not prevent people on the table from seeing each other. Tablecloth Stay clear from  plastic tablecloths, no matter how practical they are! If your children spill when they eat and want to avoid staining wooden polish, invest in a table with a  glass tabletop. Alternatively, use a regular cloth tablecloth. Anything simple, which you can subject to regular wear and tear, will do. Keep the fancy tablecloths for entertaining. When purchasing tableware, dont pick up anything that catches your fancy. Try to co-ordinate the items. This is easy to ensure when you are decorating your home from scratch. If you already have a crockery set that you use on a daily basis, pick up a couple of tablecloths to match this crockery. Pick up a separate tablecloth to go with your expensive crockery that you plan to use only when entertaining. In any case, whether to use a tablecloth or not is entirely up to you. If you table is very attractive by itself, skip the tablecloth entirely. But if your table is stained or otherwise in poor condition, cover it up. Mats Always use  placemats  though. A table is not completely set without mats. If you are using  cloth napkins, it is a good idea to starch them. Sideboard If you have the space in your dining room, invest in a sideboard. You can store your crockery, cutlery,  placemats, napkins and tablecloths here, so when you are  setting the table, everything will be easily within reach. In addition, you can always keep valuable crockery, like silverware, in your sideboard under  lock and key.

Societal Views of Women in the Victorian Era in Henrik Ibsen’s A Doll’s

Societal Views of Women in the Victorian Era in Henrik Ibsen’s A Doll’s House A Doll’s House, by Henrik Ibsen, creates a peephole into the lives of a family in the Victorian Era. The play portrays a female viewpoint in a male-dominated society. The values of the society are described using the actions of a woman, Nora, who rebels against the injustices inflicted upon her gender. Women’s equality with men was not recognized by society in the late 1800’s. Rather, a woman was considered a doll, a child, and a servant. Nora’s alienation reveals society’s assumptions and values about gender. A woman was considered by society to be a doll because she was expected to be subordinate to her husband’s whims. Referring to a ball that she would attend, Nora asks her husband, Torvald, if he would â€Å"take me in hand and decide what I shall go as and what sort of dress I should wear† (26). Nora relies completely on how her husband would dress her, just like a doll. Just as Nora is treated as a doll, she interacts with her children as such. She doesn’t raise them, she merely â€Å"play[s] and romp[s] with the children† (13). She tells Torvald, â€Å"our home has been nothing but a playroom. I have been your doll wife, just as at home I was Papa’s doll child; and here the children have been my dolls† (67). In this conversation, she shows her alienation as a woman in society by expressing discontent with her role in life. In addition to being treated like a doll, Nora is also regarded as a small child. Victorian society looks upon women’s intelligence as no better than a child’s. Torvald tells her, â€Å"You talk like a child. You don’t understand the conditions of the world in which you live† (69). Yet, he does nothing to rectify the situation. While ... ... a heedless child† (70). Because of Torvald’s inability to grasp the concept of equality, Nora leaves him. Society’s values are revealed by Nora’s declaration of equality and independence. Through Nora’s rebellious declaration and departure, she removes herself from society’s standards and makes a move towards equality. She renounces society’s views of a woman as a child, doll, and slave. Men in Victorian society told a woman how to act as a parent to a child, how to dress for a public event as an owner to a doll, and how to keep her thoughts to herself as a master to a slave. Henrik Ibsen portrayed qualities of the Victorian era through the alienated female gender, represented by Nora. Works Cited Henrik Ibsen, A Doll's House. Dover Thrift Edition, 1992 Northam, John. Ibsen. A Collection of Critical Essays. Englewood Cliffs, N.J.: Prentice-Hall. 1965.

Corporate Culture: Help or Hindrance Essay

â€Å"The only thing of real importance that leaders do is to create and manage culture. If you do not manage culture, it manages you, and you may not even be aware of the extent to which this is happening.† Edgar Schein, professor MIT Sloan School of Management Nowadays, in the end of 2011, we can make a clear overview of the remarkable events that took place not a long time ago. And though some people might argue that the hardest economic crisis since 1929 still hasn`t finished, and is going to be continued, we are able to make certain conclusions and ask a couple of thrilling questions: â€Å"Why, when all other companies experienced dramatic collapse, some of them even managed not to reduce, but to increase their sales and market share?† Or â€Å"Why a company that has been operating for 200 years already is pushed out of its market by some barely known firm?† What makes these events possible? Magic? Well, you definitely will not believe it if you are older than 8 years old. Some highest creatures? Well, it is quite unlikely too. Santa Claus? Who knows, maybe†¦ But science believes that there are more realistic reasons for such events that in general are called invisible strategic assets. One of such assets, supposed b y most of the scientists as the most important one, is called corporate or organization culture [1]. To begin with, let us formulate, what is corporate or organization culture. By Edgar H. Schein organizational culture is defined as â€Å"A pattern of shared basic assumptions invented, discovered, or developed by a given group as it learns to cope with its problems of external adaptation and internal integration that have worked well enough to be considered valid and therefore, to be taught to new members as the correct way to perceive, think and feel in relation to those problems† [2]. As we can see, concept of corporate culture is of great importance for adaptation and general comfort of employees. But in nowadays tough economic conditions, this is definitely not the highest priority for an organization. Much more important is whether corporate culture can be a help for a company, and whether it can save money or make firm more profitable. To answer this complicated question that was a theme for creating of dozens of scientific books and hundreds of pages and years of research we will start with some facts from the history of development of this concept. Due to Naomi Stanford, the concept of organization dates its popular roots from 1980s. Then in 1982 two first books on importance of organization culture were published, and despite the fact, that they were strongly criticised, they attracted attention of business and became setters of new management trends. But at that moment of time these concepts were understood in not quite proper way, managers were trying to implement some cultural principles and waited for some kind of miracle. And though it hasn`t happened, scientists have developed the theory body and researched main aspects [3]. As we see, corporate culture has been existing for 25 years already, but does it actually work? To my personal opinion – yes, it does. It is intangible, you can hardly measure it or state whether it exists or not. You can not definitely say that: â€Å"these sales increased† or â€Å"our company has succeeded in this project because we have such great organization culture†. But all that events actually took place because of it. Because if not, how you can explain what has differentiated extraordinary successful firm that produce relatively same products from the others? For example, quite small studio Pixar that has confronted Disney marketplace has produced 11 hits cartoons out of 11 attempts. Every film of it was nominated for an Academy Award and Pixar has won the awards about three quarters of the time [5]. What these facts tell us about if not a specific, unique organization culture, that is implemented in this organization. Unfortunately, corporate culture is a phenomenon that is very hard to establish and moreover, to control if any aspects of the company`s functioning are to be changed, what creates a wrong impression about its necessity and productivity in general. However, despite all arguments we can confidently assert that corporate culture works and it is of great help for an organization. List of references: 1. Eric Flamholtz, Yvinne Randle – â€Å"Corporate Culture: The Ultimate Strategic Asset†; 2. Edgar H. Schein – â€Å"Organizational Culture and Leadership†; 3. Naomi Stanford – â€Å"Corporate Culture: Getting It Right†. 4. John P. Kotter – â€Å"Corporate Culture and Performance† 5. Kim S. Cameron, Robert E. Quinn – â€Å"Diagnosing and Changing Organizational Culture: Based on the Competing Values Framework†.

Is It Art Essay

What is art? Every person has an individual response to an artwork which is determined through the collaboration between an individual and a specific artwork. If it contributes to your experience, as a consequence being symbolic of something, then it is probably art for you. It is therefore very problematic in order to supply a definition that comprises the whole world’s thoughts and feelings. Some believe that anything and everything in the world is art, while others believe that it takes aptitude, creativity, and an imagination to produce true art. Art can be a reflection of one’s idea brought into the world through painting, drawing, photography, sculpture, architecture, and many other ways. Artworks are determined and different according to an individual’s perceptions, beliefs, and ideas. To begin to decide what we like or dislike depends upon the subject matter of the work what it depicts and its contents, what the subject matter means, symbolizes, or radically opposes. Taking a trip in Washington, D. C. with my Uncle to Maya Lin’s Vietnam Memorial is an example of conflicting art. Many people viewed the monument as an insult to the memory of the very soldiers to whom it was supposed to pay honor. Depending upon an individual’s perspective, to be able to walk up out of the gentle slope out of the V, symbolizes for many the process of healing. The names chiseled in the wall, inflicts serious emotional feelings when you find the name of a loved one or a friend. Depending on how the light hits the polished granite it reflects first your own image back at you, as if to say that your life is what these names fought for. Just the sheer meaning of the fight for our freedom, lost lives there and psychologically even after returning state side, all for another’s life is symbolic art. Similarly is the lighted frog mosaic art lamp my mother purchased during a mother daughter scavenger hunt. At first sight it could be construed as the ugliest thing. Agreeing first glance or look it is ugly, does not fit, or have a particular purpose. Now, with second sight, added to the fact of mother passing, that same mosaic lighted lamp is the most beautiful piece of art. The symbolic emotional feelings of looking at the intertwined pieces of light blue pieces of glass at the base of the frog depict the water of its freedom. The different shades of green glass pieces of the frog make it representational. The black molding holding the glass pieces together give continuity, shape, and naturalistic features to the lamp, thus, creating the illusion that it is real. Lively color lastly conveyed to the interior of your home imparts the feeling of joy and love evoked with exceptional time spent between mother and child is symbolic of family love. Another art that is interpreted as representational would be tattoos. The shear pain from the needle into your body is permanent making it a work of art. The one drawn by their owner with underlying meaning can be the most symbolic than one drawn but the actual tattooist. To wear an angel on your skin can convey many underlying significances, yet to have a faceless angel portrays a deep meaning. Everyday millions of people come in contact with angels, whether it is a smile, kind word, motivation, helping hand, prayer, or assisting force in an individual’s daily life. Then to have the Chinese letters of eternal faith under that faceless angel can have various values. This is symbolic of having eternal faith that the world is surrounded by everyday angels forever. After all this said in conclusion I can say that art is surely not seen with open eyes, but with open minds. Minds open for absorption of painting, drawing, photography, sculpture, architecture, and many other ways. From the examples above, I can also say that art is also an act of giving a small part of you in order to express through the art piece. The portrait of Mona Lisa is not only a portrait of a woman is also a portrait of Leonardo’s need to express him through color, composition, and symbolic feelings of tranquility. When we are seeing the subject matter, we are not staring just a landscape, sculpture, or portrait; we are observing the artist’s needs and emotions reflected by the needs of society for art. Art can be symbolic whether it is representational, abstract, or nonobjective.

Diante Hardy Hardy 1 Essays (455 words) - Bartleby, The Scrivener

Diante Hardy Hardy 1 Essays (455 words) - Bartleby, The Scrivener Diante Hardy Hardy 1 Mr.Nerney AP English 9 November 2016 Bartleby is a strange guy. The narrator refers to Bartleby as a "pale" man in Bartleby the Scrivener . Bartleby is a scrivener; he does his job well, hardly ever stops working and he gets things done quickly and efficiently. However, he is a man of few words. In fact he is a man of one phrase: "I would prefer not to." He says this to anything that is requested of him other than to copy documents. He actually outright refuses to do anything else that his boss asks him to do. What is to be said or done about the many "Bartleby's" of the world? They come in many shapes and sizes and are misunderstood and boggled about for different reasons. They all trigger a sense of softhearted humanity in all they touch. The narrator of the story is the boss of Bartleby and yet his employer just cannot seem to get angry. Bartleby simply states that he would rather not perform his instructed duties. He does not say in vain but in a sadness of some sort. There is something about Bartleby that calms the reader yet makes them slightly angry over Bartleby's stubbornness. The narrator felt calm but also confused by Bartleby's way of going about things. Although the narrator, an attorney, employed quite a strange few of scriveners to work underneath him, Bartleby was by far the most different out of the whole group. For each time an employer requested for him to examine a copied paper, Bartleby would reply, "I would prefer not to" and proceed with what he was doing at the moment. "I looked at him steadfastly. His face was leanly composed; his gray eyes dimly calm. Not a wrinkle of agitation rippled him. Had there been at least uneasiness, anger, impatience or impertinence in his mannerhad there been anything ordinarily human about him, doubtless I should have violently dismissed him from the premises." This shows the significance that Bartleby holds, in the way of him making another human think and act. "I would prefer not to" is always Bartleby's reply. The narrator did beyond what most good-hearted people would have done for Bartleb y and finally, he said, "I think he is a little deranged." Humanity affected Bartleby and the narrator. Bartleby handled dead letters and he must have seen humanity and inhumanity with those letters. Those letters left Bartleby dead inside and let nothing after matter to him anymore. He may as well preferred not to live, and the attorney who tried to make Ba rtleby human again was too late. Something so simple and innocent turned out so sad and unclear.

Principal-agent Agreement and Tort Warranty Theories Assignment

Principal-agent Agreement and Tort Warranty Theories - Assignment Example The law implies certain responsibilities to the principal. Agents cannot avoid their duties and responsibilities that they have been assigned to by the principal by delegating or assigning to the other party. The relationship is highly personal by nature, and therefore non-delegable in that it cannot be performed by any other than the agent selected. An agent is supposed to obey all the lawful and reasonable instructions assigned to him by the principal in the performance of the agency. If losses occur to the principal due to an act committed by the agent acting more than its authority, the agent shall remain liable to those losses. In the relationship, the urgent is appointed by the principal and is working for the principal. Therefore agents must remain diligent, faithful, and loyal to their employers, and act in an ethical manner, and in the most professional way putting forth their best interests and efforts towards achieving their principal objectives. The agent must act with reasonable care and poses the skills required to perform such duties. Agents must have reasonable judgments in rendering the service and in advertisements. Agents hold themselves to the public as possessing skills and certain abilities and that have a duty to perform with full competence. In addition, agents cannot escape responsibility due to lack of ability, negligence or pleading ignorance, and therefore they should keep informed of legal developments, economic, and social developments in their fields of expertise Principals have several duties to the agents in their relationships such as fulfilling the obligations set forth in the agreements, paying the agents like indemnifying the agents for liabilities incurred in carrying out the agency duties and for reasonable expenses.

Keeping Momentum Assignment Example | Topics and Well Written Essays - 500 words

Keeping Momentum - Assignment Example That is, people who feel their inputs, contributions and ideas are not needed as part of the implementation process are very likely to sit back and watch others do things. In effect, centering the change or implementation process round only few people is a major cause for the momentum to fizzle out. After all such a situation means that there will be only few people bringing their momentum together and so it will not be long when the apathy of others catches up with them. Sustained momentum for the implementation of any change process can be likened to sustained motivation among the people involved with the change process. This is to mean that even when enough people are included as stakeholders of change these people need additional motivation that can be sustained if the sustainability of momentum for the change process can be guaranteed (Shapiro, 2010). In any organization, the types of motivation needed by employees or stakeholders of change could be either intrinsic or extrinsic (Denton, 1996). When these types of motivation are absent, the expected levels of momentum cannot be guaranteed. It is important for the change or its implementation to be coiled around the collective culture of the organization. As the organizational culture defines the ideology, philosophies and ways of doing things, any change implemented with the culture can be assured to be permanent since the organizational culture is relatively permanent. It is therefore important that the implementation of change will not be done in a manner that is contrary or sidelines the organizational culture. The effect of including few people in the change implementation has already been outlined above. For a typical organization, it is important for managers to know that people are the pivot that make the change run. When the implementation is done in a manner that is included in

Chemical engineering assignment Example | Topics and Well Written Essays - 250 words - 1

Chemical engineering - Assignment Example The radioactive waste emanating from the plants entails care, which is dangerous to humanity where its impacts do not die out quickly. Consequently, this waste necessitates approximately 10,000 years of care and containing where it will be now safe if released to the environment. Besides, the construction of the plant does not ensure 100% secure; thus, there must be a probability of failure evident in the process where small accidents in the plant yields to devastating results (Dopinath 1240). This does not affect the workforce only, but the neighboring inhabitance and extending to unprotected regions where the waves may leak and inhabit the place rendering it unproductive. For illustration, this is evident in Hiroshima and Chernobyl disaster regions where to date those effects are evident (Ferguson 153). There is a high probability that Nuclear energy’s knowhow can yield to grievous results once it dawns on to some states that are ruthless, and notorious for terrorism attacks. Nuclear energy’s option knowhow, no matter how esteemed currently it may be, eventually this cannot be a reliable remedy for energy regardless of the states that advocate it (Dopinath 1236). This is because its negative impacts are worse and long-term compared to the

Media and communication Essay Example | Topics and Well Written Essays - 3000 words

Media and communication - Essay Example The Harry Potter Fan Community is built around the series of seven fantasy novels that are written by J. K. Rowling going by the name of Harry Porter, and the series has attracted so much fanatical interest, that every release of a new series of the book has posed security threats in major cities of the world (Pyne, 2010:126). Thus, starting with interest built around the series of the fantasy novel, the Harry Potter Fan Community has metamorphosed over time into creating different other affiliates of the fan community, which then focuses on different other cultural, social and political issues within the society. This way, the once simply fanatical and craze interests in the novel series have turned into a fully-fledged socio-political activism, which is now driving major campaigns towards achieving socio-political changes. To achieve this transformation and buildup more fanatical following, the Harry Potter Fan Community has created a participatory culture, which is enlisting members’ cultural connections towards realizing more civic and political outcomes (Bennett, 2008:18). In this respect, various cultural practices of textual production and circulation in the digital world have been adopted. This discussion seeks to analyze the different cultural practices of textual production and circulation applied by the Harry Potter Fan Community, while also analyzing the transformative work they engage in, the cultural context of the group’s work and thus enhance the understanding of their culture and work. The digital world has completely changed the way textual production and circulation is done. While traditionally, the face-to-face methods were applied towards textual production and circulation by the fan communities, it has become exceedingly difficult to classify the textual production and circulation activities of the fans into specified categories, considering that the digital development has collapsed the initial

Strategic Relations Between China and Pakistan

Strategic Relations Between China and Pakistan STRATEGIC RELATIONS BETWEEN CHINA AND PAKISTAN AND ITS IMPACT ON INDO PAK RELATIONS If your environment is changing, you must change with it. If you dont, you perish. Curtis E. Sahakian CHAPTER I INTRODUCTION 1. China is a modern developing country with good economic and political condition. It is the biggest ancient society with flair towards modern culture and values. China has very good relations with its neighbours like Pakistan. Pakistan was one of the first countries of the world to recognise China, and since then they have very good relations with each other. 2. Pakistan and China entered into a trade agreement in January 1963 which granted reciprocal Most Favoured Nation status in matters of commerce, trade and shipping. Trade between the border regions of China and Pakistan started in 1969 after the first protocol of trade was signed. This border trade has continued to grow with the patronage of both the countries. Further trade protocols have been signed over the years. The construction of the Karakoram Highway has helped to further trade and communication. Pakistan is an important country for China in trade. A lot of projects of economic development in Pakistan are in process with the co-operation of China which are creating lot ofjobs opportunityfor both Pakistan and China. METHODOLOGY STATEMENT OF THE PROBLEM 4. This dissertation proposes to study and analyse the growing economic relations between Pakistan China, its impact on the security of India and to recommend measures to negate the same by India. HYPOTHESIS 5. Is the growing economic relations between Pakistan China having an adverse impact on the security of India? If yes, what actions should India take to negate them? JUSTIFICATION OF THE STUDY SCOPE 7. This study concentrates on analysing only the Economic relationship between Pakistan and China and the impact of the same on Indo Pak relations with special emphasis on Indias security. 8. The study is not looking into the military, diplomatic and nuclear relationship between the two countries and the impact these relations are having on Indias security and Indo Pak relations. METHODS OF DATA COLLECTION METHODS OF DATA ANALYSIS ORGANISATION OF THE DISSERTATION 11. It is proposed to study the subject in the following manner:- (a) Chapter II. Strategic Relationship and it scope. (b) Chapter III. Historical Perspective of strategic relations between Pakistan and China. (c) Chapter IV. Chinas â€Å"String of Pearls Policy† Pakistans place in it. (d) Chapter V. Growing economic ties between Pakistan and China. (e) Chapter VI. Security Issues for India. (f) Chapter VII. Recommendations to negate this strategic relationship by India. CHAPTER II STRATEGIC RELATIONSHIP AND ITS SCOPE Interest does not tie nations together; it sometimes separates them. But sympathy and understanding does unite them. -Woodrow T. Wilson No nation is an island. Because domestic policies are constantly affected by developments outside, nations are compelled to enter into dialogue with other nations or initiating entities or form alliance(s) for the purpose of enhancing their status internationally, or increasing their power or prestige and survival in the international system[1]. History The concept of strategic relations is quite old. Humans have been establishing governments and communicating with each other for thousands of years. However, it is generally agreed to that international relations truly began to emerge around the 15th century, when people started exploring the world and interacting with other governments and cultures. Organisations like the Dutch East India Company were among the first multinational corporations[2], while representatives of various European governments met with foreign governments to establish trade agreements and to discuss issues of mutual concern. The formal history of strategic relations is often traced back to the Peace of Westphalia of 1648, where the modern state system was developed. Westphalia instituted the legal concept of sovereignty. Westphalia encouraged the rise of the independent nation-state(s), the institutionalisation of diplomacy and armies[3]. This European system was then exported to the Americas, Africa, and Asia via colonisation and the standards of civilisation. The contemporary international system was eventually established through decolonisation after the Cold War. Definition There are many definitions of Strategic Relations written by numerous authors on the web world. Some relevant ones are as given below. Agreement between two or more entities to conduct specified activities or processes, to achieve specified objectives such as product development or distribution[4]. Strategic Relations refers to the collective interactions of the international community, which includes individual nations and states, inter-governmental organisations such as the United Nations, non-governmental organisations, multinational corporations, and so forth. The term is also used to refer to a branch of political science which focuses on the study of these interactions[5]. Strategic Relations is the study of the relations of states with each other and with international organisations and certain sub-national entities (e.g., bureaucracies and political parties). It is related to a number of other academic disciplines, including political science, geography, history, economics, law, sociology, psychology, and philosophy[6]. Strategic Relations is the study of the relations among states and other political and economic units in the international system. Particular areas of study within the field of international relations include diplomacy and diplomatic history, international law, body of rules considered legally binding in the relations between national states, also known as the law of nations[7]. Strategic Relations is the interaction between and among states, and more broadly, the workings of the international system as a whole. It can be conceived of either as a multidisciplinary field, gathering together the international aspects of politics, economics, history, law, and sociology, or as a meta-discipline, focusing on the systemic structures and patterns of interaction of the human species taken as a whole. Barry Buzan Strategic Relations is an area of knowledge based on political science, law, economy, sociology, philosophy, and other social sciences. Traditionally, it not only treats the relations between nation states, but also, International Organisations and non-state actors in the international arena, like non-governmental organisations, and multinational corporations[8]. What do Strategic Relations Mean Strategic Relationship represents the study of foreign affairs and global issues among states within the international system, including the roles of states, inter-governmental organisations (IGOs), non-governmental organisations (NGOs), international non-governmental organisations (INGOs), and multinational corporations (MNCs). It is both an academic and public policy field, and seeks to analyse as well as formulate the foreign policy of a particular state[9]. Apart from political science, Strategic Relations draws upon such diverse fields as economics, history, international law, philosophy, geography, sociology, anthropology, psychology, and cultural studies. It involves a diverse range of issues including globalisation, state sovereignty, ecological sustainability, nuclear proliferation, nationalism, economic development, global finance, terrorism, organised crime, human security, foreign interventionism and human rights. There are two main approaches to the field of International Relations. The first is the Realist or Pragmatist approach. This claims that conflict is inevitable and the best way to approach international relations is to be prepared to engage in conflicts and win. The second approach is the Structuralist approach and is symbolised by diplomacy, according to which conflict is not inevitable, focusing on the causes of conflict, stressing on the costs of conflict vis a vis possible gains. This school of thought has been heavily influenced by Galtungs theory of structural violence[10]. Broadly speaking, the two approaches to International Relations can be attributed to either side of the Atlantic: Realism is seen as a primarily American worldview while Structuralism is seen as typically European. Conclusion Considering the vast spectrum of the subject, Strategic Relations can become incredibly complex. The subject is also sometimes known as â€Å"foreign relations†. Specialists in this field staff diplomatic agencies abroad, provide consultation to businesses which are considering to establish branches overseas, and assist charitable non-governmental organisations with their missions. CHAPTER III HISTORICAL PERSPECTIVE OF STRATEGIC RELATIONS BETWEEN PAKISTAN AND CHINA The opinions we hold of one another, our relations with friends and kinfolk are in no sense permanent, save in appearance, but are as eternally fluid as the sea itself. Marcel Proust Why Pakistan Chose to Align with China Pakistans attitude towards China is determined by its geography, economic constraints, domestic compulsions and the regional and international situation. The erstwhile fragmented shape of Pakistan, i.e. East and West Pakistan, had greatly contributed to the establishment of Pakistans close relations with China. Geographic constraints on account of Pakistans location, topography and the nature of its frontiers, gave rise to security problems for Pakistan. With the construction of highways connecting China and Pakistan, through Pakistan Occupied Kashmir, China acquired an easy approach to Pakistan. This turned out as a mixed blessing for Pakistan. So long as relations with China are friendly, there is no threat from the North. But in case of strained Sino Pak relations, there would be a grave threat from China[11]. Pakistani policy makers were conscious of this constraint and did express their fears in an unambiguous manner. President Ayub Khan wrote in his political autobiography:- West Pakistan is wedged in between three enormous powers with the Soviet Union at the top, the Peoples Republic of China in the North East, and India in the South and East. I know of no other small country which has the somewhat dubious distinction of having three such mighty neighbours[12]. A number of considerations prompted Pakistan to strengthen its economic and trade ties with China. Firstly, like China, Pakistan was a developing country and the two countries faced common problems in the field of agriculture and industrialisation. China had successfully solved the problem of water logging, salinity and floods, which Pakistan could benefit from. Secondly, the aid offered by China was very attractive as it carried rock-bottom low rate of interest or no interest at all. Thirdly, China showed interest in setting up heavy industries in Pakistan Taxila Industrial Complex, assisted by China is an example. Fourthly, trade with China was beneficial to Pakistan as the balance of the trade generally went in favour of Pakistan and rarely in favour of China[13]. Fifthly, 1962 Sino India war turned Pakistan towards China to counter India. Sixthly, US support to India increased after the Sino India war to counter China, this was resented by Pakistan, which China exploited to w ean the influence of US from Pakistan and get a foothold in the Indian subcontinent. And finally, the Kashmir issue. Pakistan adjudged its relations with other countries in terms of their attitude towards the Kashmir issue. Pakistan regarded China as a friend since its hostility towards India in 1962 and its involvement in the Kashmir issue thereafter[14]. The location of Tibet and Xinjiang on the north of the Indian subcontinent places China in a position to intervene militarily in a confrontation between India and Pakistan. The Karakoram Highway can be used by China for sending arms and ammunition and even the forces. In 1971, Indo Pakistan war, it was used for this purpose[15]. With a view to combating India, Pakistan has been seeking a political counterweight against it. Finding that China was interested in undermining Indias political influence in the Afro Asian world, Pakistani leaders thought that China could serve as a counterweight against India. It was, therefore, a Pakistani objective to seek Chinas political support against India[16]. Karakoram Highway[17] History of Sino Pak Relations After Pakistans creation in 1947, Pakistans relations with China were in a dormant state. In 1950, Pakistan officially recognised the Peoples Republic of China, and broke off ties with Taiwan. Bilateral relations were further strengthened at the Bandung Conference in 1955[18], when talks between the two heads of state played an important role in promoting, understanding and paving way for friendly relations and mutual assistance between the two countries. In 1961, Pakistan furthered its relations with China when it voted in favour of Chinas restoration rights in the UN. Sino-Pak relations got a shot in the arm, with deteriorating Sino-Indian relations which resulted in a war in 1962. China and Pakistan consequently met and agreed on the border between them, in 1963[19], and the Karakoram Highway was consequently built, connecting Chinas Sinkiang (Xinjiang-Uygur) Autonomous Region with the Northern Areas of Pakistan. In 1963 itself, a historic trade agreement between China and Pakistan was signed. Following this, diplomatic meetings were fairly frequent. Their strategic cooperation started out due to a mutual need to counter the Soviet Union and India, but later gave birth to Economic cooperation as well. China supported Pakistan in the two wars against India, in 1965 and 1971, with military as well as economic help. These foundations further led to the creation of a Joint Committee for Economy, Trade and Technology in 1982. By the late 1980s, China started discussing possible sales of military equipment and related technology to Pakistan. In the year 1996, Jiang Zemin, the then Chinese President, made a state visit to Pakistan. During the visit, the decision to establish comprehensive friendship and cooperation between the two nations was taken. Relations, since then have continued to move smoothly along the same path. In 2005, China and Pakistan signed a landmark ‘Treaty of Friendship and Co-operation, whereby they committed that â€Å"Neither party will join any alliance or bloc which infringes upon the sovereignty, security and territorial integrity† of either nation. Also reiterated was the agreement that both parties â€Å"would not conclude treaties of this nature with any third party†[20]. Conclusion Hence, during the post Cold War era, China turned out to be Pakistans most significant strategic guarantor as far as India was concerned. It was also the source of initial design information for Pakistans nuclear arsenal and also assisted with building of the nuclear technology complex[21]. Since the late 1990s, economic concerns have gained prominence alongside the military-strategic aspect of the relationship; specifically, trade and energy have taken precedence. Over the years, frequent exchanges of high-level visits and contacts between the two countries have resulted in a number of bilateral trade agreements and investment commitments. A comprehensive free trade agreement was signed in 2008, giving each country unprecedented market access to the other. Trade between Islamabad and Beijing now hovers around $7 billion a year and both sides are set on raising the to $15 billion by 2010[22]. CHAPTER IV CHINAS â€Å"STRING OF PEARLS STRATEGY† PAKISTANS PLACE IN IT. Apart from their other characteristics, the outstanding thing about Chinas 600 million people is that they are â€Å"poor and blank.† This may seem a bad thing, but in reality it is a good thing. Poverty gives rise to the desire for change, the desire for action and the desire for revolution. On a blank sheet of paper free from any mark, the freshest and most beautiful pictures can be painted. Zedong Mao What is String of Pearls Strategy A string of pearls strategy is a strategic move which involves establishing a series of nodes of military and economic power throughout a region. Each node is a â€Å"pearl† in the string, enhancing the overall power of the parent nation S.E. Smith The â€Å"String of Pearls Strategy† is an excellent way to enfold a greater area of territory, thereby gaining more influence on the global stage, but it often evokes comment from other nations, who may be concerned that the string of pearls strategy is the first step in a serious takeover or military threat. Several things are included in a ‘String of Pearls Strategy. The first is increased access to airfields and ports. This may be accomplished by building new facilities or through establishing cordial relations with other nations to ensure access to their ports. In some cases, the strategy involves heavily subsidising construction of new ports and airfield facilities in other countries, with the understanding that these facilities will be made readily available as needed. Developing better diplomatic relations is also a crucial step in a ‘String of Pearls Strategy. Partly, this is undertaken to ensure that shipping lanes and airspace remain free and clear for that particular nation. It may also be used to soothe concerns about a rapidly expanding string of pearls, and to establish solid trade and export agreements which may ultimately benefit both nations. Since a string of pearls strategy may rely on linking a series of pearls, it is important to ensure that each pearl is also safe, and that it will not be threatened by neighbouring nations. Modernising military forces is the third component. A modern military can more effectively maintain and hold individual pearls, and it will also be prepared for various actions and exercises on the part of the parent nation. The modernised military also supports a countrys rise as a global power, and as a nation which commands respect. For nations which are slowly encircled in a string of said pearls, a string of pearls strategy can be upsetting. A country may also slowly take over shipping lanes, which is an issue of concern to nations which are not closely allied with it.[23] Chinas String of Pearl Strategy Chinas String of Pearl Strategy is driven by Chinas need to secure foreign oil and trade routes critical to its development. This has meant establishing an increased level of influence along sea routes through investment, port development and diplomacy. Chinas investments presently extend from Hainan Island in the South China Sea, through the littorals of the Straits of Malacca, including port developments in Chittagong in Bangladesh, Sittwe, Coco, Hianggyi, Khaukphyu, Mergui and Zadetkyi Kyun in Myanmar; Laem Chabang in Thailand; and Sihanoukville in Cambodia. They extend across the Indian Ocean, Sri Lanka, the Maldives, Pakistans Gwadar Port, and in islands within the Arabian Sea and into the Persian Gulf. Chinas Interests in the Indian Ocean Region Its String of Pearls[24] Thus, part of these developments includes the upgrading of airstrips, many supported with military facilities, such as the facility on Woody Island, close to Vietnam. These developments may be directed at shifting the balance of power within the Indian and Arabian Gulf, away from the traditional Indian government management to China. However, it needs to be backed up with regional diplomatic ties, which China must look at to dispense with the need to engage with India. The strategy has been developed partially in response to a lack of progress on the Kra Canal project in Thailand, which would directly link the Indian Ocean with the South China Sea. Isthumus of Kra Its Strategic Location for Chinas Shipping Lanes[25] The â€Å"string of pearls† strategy however provides a forward presence for China along the sea lines of communication that now anchor China directly to the Middle East. The question is, whether this strategy is intended purely to ensure secure supply lines and trade routes, or whether China will later use these in a bid to enforce regional supremacy. As long as Chinese interests remain benign, the â€Å"string of pearls† strategy remains the strongest pointer that China is strengthening its energy supply lines with the Middle East and embarking on a level of Southeast Asian trade. This would definitely result in the development of regional prosperity, that will come with Chinas these actions. If the strategy continues without the development of regional conflicts, the ASEAN trading bloc, with China at its heart, and the massive emerging markets of India and the other Southeast Asian nations close by, will develop and begin to rival that of the EU and the United States, and lessen Chinas dependence on these traditional export markets[26]. Why China Chose Pakistan as a Pearl The Peoples Republic of China is believed to be an ideological state wedded to the Communist ideology based on Marxism Leninism[27]. Chinas relations with other countries can be explained on the basis of two conceptual frameworks based on â€Å"Alliance Model† and on â€Å"United Front Model†[28]. However, with Pakistan, Chinas relations appear to be on the â€Å"Alliance Model†. This model sees Chinas foreign policy as â€Å"concerned with short problems, externally determined and reactive. It sees Chinas concern for security as the dominant theme of Chinas foreign policy†[29]. There is an immense desire in China to achieve the status of a Super Power. The first step towards that direction is to achieve a dominant position in Asia. The Indian sub-continent is one of the important areas in this region. In order to be a dominant power, China needs to have an effective dominance in the sub-continent. To this effect, India poses a challenge to China in the region. China is therefore keen to weaken India and who better than Pakistan can be utilised for this purpose by China[30]. USSR, which used to be a friend, guide and protector for China during the initial years of their formation in 1950, began to be considered as a rival and an unreliable ally by the end of the 1950s. Subsequent closeness of USSR with India and her attempts to befriend Pakistan in the 1960s, especially after the 1965 Indo Pak war, led to increased differences between the two countries. China was interested in preventing the Soviet Union from spreading its influence in Pakistan. Knowing that USSR could not befriend Pakistan at the cost of India, China decided to make friends with Pakistan with the aim of preventing the USSR from spreading its influence in South Asia using a powerful India[31]. Chinas strategic objectives in Pakistan stem from the fact that Xinjiang and Tibet are contiguous to the Indian sub-continent and China is still consolidating itself in these regions. Pakistan occupies certain areas of Kashmir which have immense strategic value in view of this. Pakistan occupied Kashmir (POK) is located in a region where China, India and Afghanistan meet together. The religious affinity between the people of Xinjiang and Pakistan along with the history of repeated revolts by the Xinjiang people against the Chinese government forced China to sign a boundary agreement with Pakistan in 1963 to acquire strategically important areas to keep the influence of the Pakistani fundamentalism away from the people of Xinjiang[32]. Proximity of Chinas Xinjiang Province Tibet Autonomous Region to POK[33] Pakistans geography was helpful in supporting Chinese positions in the North-East in the Chumby Valley (prior to formation of Bangladesh) and in the Ladakh region in the rear of Indian positions. Thus Pakistan d and still s decisively in the defence of Chinas southern flank resulting in close ties between the two countries. The proximity of the Indian sub-continent to Xinjiang and Tibet, Pakistans location in the sub continent and the affinity existing between the Muslims of Xinjiang and Pakistan are matters of great importance for China in its geo political calculations[34]. It could also be Chinas objective to keep things simmering in South Asia by exploiting the Indo Pakistan disputes so that they may weaken each other by confrontation, leaving adequate space for China to be effective in the region. All the above reasons have led to an increased proximity of the Chinese policies towards Pakistan. Conclusion Chinas bond with Pakistan allowed the former a greater sphere of influence in to South Asia, as well provided a bridge between the Muslim world and Beijing. Though, traditionally, the driving factor for China was a hedge against India and getting strategic leverage against India, relations with China gave Pakistan access to civilian and military resources also. To this day, the relationship between the two countries is of high strategic importance, the military relationship with China being the corner stone of Pakistans foreign policy. And in return, Pakistan is helpful in realising Chinas dream of establishing her influence over the globe. CHAPTER V GROWING ECONOMIC TIES BETWEEN PAKISTAN AND CHINA. To attract good fortune, spend a new penny on an old friend. an old Chinese proverb Though political relations hold the maximum importance between countries, the economic relations are also noteworthy and infact, in recent times, have become one of the most significant factors in determining a nations foreign relations policy. Broadly, the economic relations can be divided into two forms trade and aid. Historical Perspective of Economic Ties During the Han Dynasty, trade existed between Ancient China and Ancient India on camels and yaks along the silk route for almost 3,000 years[35]. Infact, the silk route connecting China and Pakistan was closed down in 1949 and was re-opened in 1967 between the two countries. After partition, trade with India came to a standstill for Pakistan. Hence, Pakistans search for a trading partner to sell jute and cotton in return of coal, iron, cement etc prompted Pakistan to establish economic relations with China[36]. Silk Route[37] Economic and cultural interaction between Pakistan and China began in the 1950s. In April 1955, the late Premier Zhou Enlai held talks with the then Pakistan Prime Minister, M. Ali, during the Bandung Conference, and both sides agreed to strengthen bilateral ties. In January 1963, China and Pakistan signed their fist trade agreement[38]. This was followed up with the â€Å"Cultural Agreement† between the two countries in 1965[39]. The bonding established between the two states has continued ever since, with both countries looking at closer ties with each other for respective benefits. The relations between Pakistan and China were restricted to trade relations till 1964, however, it was in 1965, for the first time, that Pakistan started receiving Chinese aid[40]. In 1978, the Karakoram Highway was officially opened to trade between both countries. In 1986, China and Pakistan reached a comprehensive nuclear cooperation agreement which resulted in a 300-megawatt nuclear power pla nt built with Chinese help in Punjab province, which was completed in 1999[41]. Chinas Recent Economic Involvement in Pakistan President Pervez Musharraf took over power of Pakistan in October 1999 and since then the economic aspect became a major factor in Pakistan-China relations. During his visit to China in January 2000, he laid a great deal of emphasis on economic cooperation and hence the economic relations between the two countries slowly began to improve, both in trade and investments. The Chinese side too reciprocated positively by enhancing economic activity between the two countries[42]. The Chinese Premier at that time, Zhu Rongji, while visiting Pakistan in May 2001, urged the two sides to â€Å"boost cooperation in agriculture, infrastructure, information technology and other fields under the principle of reciprocity and mutual benefit for achieving common prosperity†[43].During this visit, Pakistan and China signed six Agreements and one MoU (Memorandum of Understanding). The Chinese financial assistance to Pakistan at that time was roughly over one billion dollars. The six agreements included Economic and Technical Cooperation, Tourism Cooperation, Lease Agreement on Saindak Copper-Gold Project, Supply of Locomotives to Pakistan Railways, Supply of Passenger Coaches to Pakistan Railways, White Oil Pipeline and MoU between Chinas ZTE and Pakistan Telecommunications Co. Ltd. Besides, the most important aspect of increasing economic cooperation was that the Chinese Premier reiterated his support for the Gwadar deep sea port and the Mekran coastal highway pro jects[44]. Mekran Coastal Highway[45] During his visit to China in November 2003, President Musharrafs signed a â€Å"Joint Declaration on Direction of Bilateral Relations.† It was a road-map to determine the direction and scope of overall Pakistan-China bilateral relations in the future. It laid additional emphasis on increasing the economic cooperation between the two countries and institutionalising mechanisms for consolidating an all-round relationship[46]. In December 2004, the two countries signed seven agreements in the sectors of trade, communication and energy. They also formulated a framework for enhanced cooperation between them. These agreements revolved around enhancing the bilateral trade, further progress on preferential trade agreement, setting up of joint agro-based industries and increasing of Chinese investments in Pakistan[47]. In April 2005, as many as 21 agreements and MoUs were signed between the two countries. These included cooperation in economy, defence, energy, infrastructure, social sector, health, education, higher education, housing and various other areas. The two countries also signed a â€Å"Treaty of Friendship, Cooperation and Good Neighbourly Relations†[48]. In January 2006, the Early Harvest Programme was launched to encourage bilateral trade, under which China extended zero-rated tariffs on 767 items while Pakistan reciprocated by extending the facility on 464 items[49]. In November 2006, China and Pakistan signed a FTA (free trade agreement). As per the agreement, China and Pakistan would reduce the tariffs on all goods in two phases. The aim of the agreement is to eliminate tariffs on no less than 90 percent of products, both in terms of tariff lines and trade volume, within a reasonably short period of time and on the basis of taking care of the concerns of both sides[50]. The Early Harvest Programme, which had commenced in January 2006, was merged into the FTA[51]. Also, China vowed to help Pakistan in civil nuclear technology by building and helping in the Khusab Nuclear Programme providing technology to Pakistan for better maintenance of civil nuclear plants[52]. In 2009, Pakistan and China signed a number of agreements and MoUs. These included construction of Bunji Dam in the Northern Areas with a capacity of 7,000 Megawatts[53], provision of soft loans for space, space technology and alternate energy including an amount of U.S. $ 190 million to supply Pakistani satellite PAKSAT-1R, which will replace the present satellite PAKSAT-1 that has a useful life until 2011. This loan will cover 85 percent of project Strategic Relations Between China and Pakistan Strategic Relations Between China and Pakistan STRATEGIC RELATIONS BETWEEN CHINA AND PAKISTAN AND ITS IMPACT ON INDO PAK RELATIONS If your environment is changing, you must change with it. If you dont, you perish. Curtis E. Sahakian CHAPTER I INTRODUCTION 1. China is a modern developing country with good economic and political condition. It is the biggest ancient society with flair towards modern culture and values. China has very good relations with its neighbours like Pakistan. Pakistan was one of the first countries of the world to recognise China, and since then they have very good relations with each other. 2. Pakistan and China entered into a trade agreement in January 1963 which granted reciprocal Most Favoured Nation status in matters of commerce, trade and shipping. Trade between the border regions of China and Pakistan started in 1969 after the first protocol of trade was signed. This border trade has continued to grow with the patronage of both the countries. Further trade protocols have been signed over the years. The construction of the Karakoram Highway has helped to further trade and communication. Pakistan is an important country for China in trade. A lot of projects of economic development in Pakistan are in process with the co-operation of China which are creating lot ofjobs opportunityfor both Pakistan and China. METHODOLOGY STATEMENT OF THE PROBLEM 4. This dissertation proposes to study and analyse the growing economic relations between Pakistan China, its impact on the security of India and to recommend measures to negate the same by India. HYPOTHESIS 5. Is the growing economic relations between Pakistan China having an adverse impact on the security of India? If yes, what actions should India take to negate them? JUSTIFICATION OF THE STUDY SCOPE 7. This study concentrates on analysing only the Economic relationship between Pakistan and China and the impact of the same on Indo Pak relations with special emphasis on Indias security. 8. The study is not looking into the military, diplomatic and nuclear relationship between the two countries and the impact these relations are having on Indias security and Indo Pak relations. METHODS OF DATA COLLECTION METHODS OF DATA ANALYSIS ORGANISATION OF THE DISSERTATION 11. It is proposed to study the subject in the following manner:- (a) Chapter II. Strategic Relationship and it scope. (b) Chapter III. Historical Perspective of strategic relations between Pakistan and China. (c) Chapter IV. Chinas â€Å"String of Pearls Policy† Pakistans place in it. (d) Chapter V. Growing economic ties between Pakistan and China. (e) Chapter VI. Security Issues for India. (f) Chapter VII. Recommendations to negate this strategic relationship by India. CHAPTER II STRATEGIC RELATIONSHIP AND ITS SCOPE Interest does not tie nations together; it sometimes separates them. But sympathy and understanding does unite them. -Woodrow T. Wilson No nation is an island. Because domestic policies are constantly affected by developments outside, nations are compelled to enter into dialogue with other nations or initiating entities or form alliance(s) for the purpose of enhancing their status internationally, or increasing their power or prestige and survival in the international system[1]. History The concept of strategic relations is quite old. Humans have been establishing governments and communicating with each other for thousands of years. However, it is generally agreed to that international relations truly began to emerge around the 15th century, when people started exploring the world and interacting with other governments and cultures. Organisations like the Dutch East India Company were among the first multinational corporations[2], while representatives of various European governments met with foreign governments to establish trade agreements and to discuss issues of mutual concern. The formal history of strategic relations is often traced back to the Peace of Westphalia of 1648, where the modern state system was developed. Westphalia instituted the legal concept of sovereignty. Westphalia encouraged the rise of the independent nation-state(s), the institutionalisation of diplomacy and armies[3]. This European system was then exported to the Americas, Africa, and Asia via colonisation and the standards of civilisation. The contemporary international system was eventually established through decolonisation after the Cold War. Definition There are many definitions of Strategic Relations written by numerous authors on the web world. Some relevant ones are as given below. Agreement between two or more entities to conduct specified activities or processes, to achieve specified objectives such as product development or distribution[4]. Strategic Relations refers to the collective interactions of the international community, which includes individual nations and states, inter-governmental organisations such as the United Nations, non-governmental organisations, multinational corporations, and so forth. The term is also used to refer to a branch of political science which focuses on the study of these interactions[5]. Strategic Relations is the study of the relations of states with each other and with international organisations and certain sub-national entities (e.g., bureaucracies and political parties). It is related to a number of other academic disciplines, including political science, geography, history, economics, law, sociology, psychology, and philosophy[6]. Strategic Relations is the study of the relations among states and other political and economic units in the international system. Particular areas of study within the field of international relations include diplomacy and diplomatic history, international law, body of rules considered legally binding in the relations between national states, also known as the law of nations[7]. Strategic Relations is the interaction between and among states, and more broadly, the workings of the international system as a whole. It can be conceived of either as a multidisciplinary field, gathering together the international aspects of politics, economics, history, law, and sociology, or as a meta-discipline, focusing on the systemic structures and patterns of interaction of the human species taken as a whole. Barry Buzan Strategic Relations is an area of knowledge based on political science, law, economy, sociology, philosophy, and other social sciences. Traditionally, it not only treats the relations between nation states, but also, International Organisations and non-state actors in the international arena, like non-governmental organisations, and multinational corporations[8]. What do Strategic Relations Mean Strategic Relationship represents the study of foreign affairs and global issues among states within the international system, including the roles of states, inter-governmental organisations (IGOs), non-governmental organisations (NGOs), international non-governmental organisations (INGOs), and multinational corporations (MNCs). It is both an academic and public policy field, and seeks to analyse as well as formulate the foreign policy of a particular state[9]. Apart from political science, Strategic Relations draws upon such diverse fields as economics, history, international law, philosophy, geography, sociology, anthropology, psychology, and cultural studies. It involves a diverse range of issues including globalisation, state sovereignty, ecological sustainability, nuclear proliferation, nationalism, economic development, global finance, terrorism, organised crime, human security, foreign interventionism and human rights. There are two main approaches to the field of International Relations. The first is the Realist or Pragmatist approach. This claims that conflict is inevitable and the best way to approach international relations is to be prepared to engage in conflicts and win. The second approach is the Structuralist approach and is symbolised by diplomacy, according to which conflict is not inevitable, focusing on the causes of conflict, stressing on the costs of conflict vis a vis possible gains. This school of thought has been heavily influenced by Galtungs theory of structural violence[10]. Broadly speaking, the two approaches to International Relations can be attributed to either side of the Atlantic: Realism is seen as a primarily American worldview while Structuralism is seen as typically European. Conclusion Considering the vast spectrum of the subject, Strategic Relations can become incredibly complex. The subject is also sometimes known as â€Å"foreign relations†. Specialists in this field staff diplomatic agencies abroad, provide consultation to businesses which are considering to establish branches overseas, and assist charitable non-governmental organisations with their missions. CHAPTER III HISTORICAL PERSPECTIVE OF STRATEGIC RELATIONS BETWEEN PAKISTAN AND CHINA The opinions we hold of one another, our relations with friends and kinfolk are in no sense permanent, save in appearance, but are as eternally fluid as the sea itself. Marcel Proust Why Pakistan Chose to Align with China Pakistans attitude towards China is determined by its geography, economic constraints, domestic compulsions and the regional and international situation. The erstwhile fragmented shape of Pakistan, i.e. East and West Pakistan, had greatly contributed to the establishment of Pakistans close relations with China. Geographic constraints on account of Pakistans location, topography and the nature of its frontiers, gave rise to security problems for Pakistan. With the construction of highways connecting China and Pakistan, through Pakistan Occupied Kashmir, China acquired an easy approach to Pakistan. This turned out as a mixed blessing for Pakistan. So long as relations with China are friendly, there is no threat from the North. But in case of strained Sino Pak relations, there would be a grave threat from China[11]. Pakistani policy makers were conscious of this constraint and did express their fears in an unambiguous manner. President Ayub Khan wrote in his political autobiography:- West Pakistan is wedged in between three enormous powers with the Soviet Union at the top, the Peoples Republic of China in the North East, and India in the South and East. I know of no other small country which has the somewhat dubious distinction of having three such mighty neighbours[12]. A number of considerations prompted Pakistan to strengthen its economic and trade ties with China. Firstly, like China, Pakistan was a developing country and the two countries faced common problems in the field of agriculture and industrialisation. China had successfully solved the problem of water logging, salinity and floods, which Pakistan could benefit from. Secondly, the aid offered by China was very attractive as it carried rock-bottom low rate of interest or no interest at all. Thirdly, China showed interest in setting up heavy industries in Pakistan Taxila Industrial Complex, assisted by China is an example. Fourthly, trade with China was beneficial to Pakistan as the balance of the trade generally went in favour of Pakistan and rarely in favour of China[13]. Fifthly, 1962 Sino India war turned Pakistan towards China to counter India. Sixthly, US support to India increased after the Sino India war to counter China, this was resented by Pakistan, which China exploited to w ean the influence of US from Pakistan and get a foothold in the Indian subcontinent. And finally, the Kashmir issue. Pakistan adjudged its relations with other countries in terms of their attitude towards the Kashmir issue. Pakistan regarded China as a friend since its hostility towards India in 1962 and its involvement in the Kashmir issue thereafter[14]. The location of Tibet and Xinjiang on the north of the Indian subcontinent places China in a position to intervene militarily in a confrontation between India and Pakistan. The Karakoram Highway can be used by China for sending arms and ammunition and even the forces. In 1971, Indo Pakistan war, it was used for this purpose[15]. With a view to combating India, Pakistan has been seeking a political counterweight against it. Finding that China was interested in undermining Indias political influence in the Afro Asian world, Pakistani leaders thought that China could serve as a counterweight against India. It was, therefore, a Pakistani objective to seek Chinas political support against India[16]. Karakoram Highway[17] History of Sino Pak Relations After Pakistans creation in 1947, Pakistans relations with China were in a dormant state. In 1950, Pakistan officially recognised the Peoples Republic of China, and broke off ties with Taiwan. Bilateral relations were further strengthened at the Bandung Conference in 1955[18], when talks between the two heads of state played an important role in promoting, understanding and paving way for friendly relations and mutual assistance between the two countries. In 1961, Pakistan furthered its relations with China when it voted in favour of Chinas restoration rights in the UN. Sino-Pak relations got a shot in the arm, with deteriorating Sino-Indian relations which resulted in a war in 1962. China and Pakistan consequently met and agreed on the border between them, in 1963[19], and the Karakoram Highway was consequently built, connecting Chinas Sinkiang (Xinjiang-Uygur) Autonomous Region with the Northern Areas of Pakistan. In 1963 itself, a historic trade agreement between China and Pakistan was signed. Following this, diplomatic meetings were fairly frequent. Their strategic cooperation started out due to a mutual need to counter the Soviet Union and India, but later gave birth to Economic cooperation as well. China supported Pakistan in the two wars against India, in 1965 and 1971, with military as well as economic help. These foundations further led to the creation of a Joint Committee for Economy, Trade and Technology in 1982. By the late 1980s, China started discussing possible sales of military equipment and related technology to Pakistan. In the year 1996, Jiang Zemin, the then Chinese President, made a state visit to Pakistan. During the visit, the decision to establish comprehensive friendship and cooperation between the two nations was taken. Relations, since then have continued to move smoothly along the same path. In 2005, China and Pakistan signed a landmark ‘Treaty of Friendship and Co-operation, whereby they committed that â€Å"Neither party will join any alliance or bloc which infringes upon the sovereignty, security and territorial integrity† of either nation. Also reiterated was the agreement that both parties â€Å"would not conclude treaties of this nature with any third party†[20]. Conclusion Hence, during the post Cold War era, China turned out to be Pakistans most significant strategic guarantor as far as India was concerned. It was also the source of initial design information for Pakistans nuclear arsenal and also assisted with building of the nuclear technology complex[21]. Since the late 1990s, economic concerns have gained prominence alongside the military-strategic aspect of the relationship; specifically, trade and energy have taken precedence. Over the years, frequent exchanges of high-level visits and contacts between the two countries have resulted in a number of bilateral trade agreements and investment commitments. A comprehensive free trade agreement was signed in 2008, giving each country unprecedented market access to the other. Trade between Islamabad and Beijing now hovers around $7 billion a year and both sides are set on raising the to $15 billion by 2010[22]. CHAPTER IV CHINAS â€Å"STRING OF PEARLS STRATEGY† PAKISTANS PLACE IN IT. Apart from their other characteristics, the outstanding thing about Chinas 600 million people is that they are â€Å"poor and blank.† This may seem a bad thing, but in reality it is a good thing. Poverty gives rise to the desire for change, the desire for action and the desire for revolution. On a blank sheet of paper free from any mark, the freshest and most beautiful pictures can be painted. Zedong Mao What is String of Pearls Strategy A string of pearls strategy is a strategic move which involves establishing a series of nodes of military and economic power throughout a region. Each node is a â€Å"pearl† in the string, enhancing the overall power of the parent nation S.E. Smith The â€Å"String of Pearls Strategy† is an excellent way to enfold a greater area of territory, thereby gaining more influence on the global stage, but it often evokes comment from other nations, who may be concerned that the string of pearls strategy is the first step in a serious takeover or military threat. Several things are included in a ‘String of Pearls Strategy. The first is increased access to airfields and ports. This may be accomplished by building new facilities or through establishing cordial relations with other nations to ensure access to their ports. In some cases, the strategy involves heavily subsidising construction of new ports and airfield facilities in other countries, with the understanding that these facilities will be made readily available as needed. Developing better diplomatic relations is also a crucial step in a ‘String of Pearls Strategy. Partly, this is undertaken to ensure that shipping lanes and airspace remain free and clear for that particular nation. It may also be used to soothe concerns about a rapidly expanding string of pearls, and to establish solid trade and export agreements which may ultimately benefit both nations. Since a string of pearls strategy may rely on linking a series of pearls, it is important to ensure that each pearl is also safe, and that it will not be threatened by neighbouring nations. Modernising military forces is the third component. A modern military can more effectively maintain and hold individual pearls, and it will also be prepared for various actions and exercises on the part of the parent nation. The modernised military also supports a countrys rise as a global power, and as a nation which commands respect. For nations which are slowly encircled in a string of said pearls, a string of pearls strategy can be upsetting. A country may also slowly take over shipping lanes, which is an issue of concern to nations which are not closely allied with it.[23] Chinas String of Pearl Strategy Chinas String of Pearl Strategy is driven by Chinas need to secure foreign oil and trade routes critical to its development. This has meant establishing an increased level of influence along sea routes through investment, port development and diplomacy. Chinas investments presently extend from Hainan Island in the South China Sea, through the littorals of the Straits of Malacca, including port developments in Chittagong in Bangladesh, Sittwe, Coco, Hianggyi, Khaukphyu, Mergui and Zadetkyi Kyun in Myanmar; Laem Chabang in Thailand; and Sihanoukville in Cambodia. They extend across the Indian Ocean, Sri Lanka, the Maldives, Pakistans Gwadar Port, and in islands within the Arabian Sea and into the Persian Gulf. Chinas Interests in the Indian Ocean Region Its String of Pearls[24] Thus, part of these developments includes the upgrading of airstrips, many supported with military facilities, such as the facility on Woody Island, close to Vietnam. These developments may be directed at shifting the balance of power within the Indian and Arabian Gulf, away from the traditional Indian government management to China. However, it needs to be backed up with regional diplomatic ties, which China must look at to dispense with the need to engage with India. The strategy has been developed partially in response to a lack of progress on the Kra Canal project in Thailand, which would directly link the Indian Ocean with the South China Sea. Isthumus of Kra Its Strategic Location for Chinas Shipping Lanes[25] The â€Å"string of pearls† strategy however provides a forward presence for China along the sea lines of communication that now anchor China directly to the Middle East. The question is, whether this strategy is intended purely to ensure secure supply lines and trade routes, or whether China will later use these in a bid to enforce regional supremacy. As long as Chinese interests remain benign, the â€Å"string of pearls† strategy remains the strongest pointer that China is strengthening its energy supply lines with the Middle East and embarking on a level of Southeast Asian trade. This would definitely result in the development of regional prosperity, that will come with Chinas these actions. If the strategy continues without the development of regional conflicts, the ASEAN trading bloc, with China at its heart, and the massive emerging markets of India and the other Southeast Asian nations close by, will develop and begin to rival that of the EU and the United States, and lessen Chinas dependence on these traditional export markets[26]. Why China Chose Pakistan as a Pearl The Peoples Republic of China is believed to be an ideological state wedded to the Communist ideology based on Marxism Leninism[27]. Chinas relations with other countries can be explained on the basis of two conceptual frameworks based on â€Å"Alliance Model† and on â€Å"United Front Model†[28]. However, with Pakistan, Chinas relations appear to be on the â€Å"Alliance Model†. This model sees Chinas foreign policy as â€Å"concerned with short problems, externally determined and reactive. It sees Chinas concern for security as the dominant theme of Chinas foreign policy†[29]. There is an immense desire in China to achieve the status of a Super Power. The first step towards that direction is to achieve a dominant position in Asia. The Indian sub-continent is one of the important areas in this region. In order to be a dominant power, China needs to have an effective dominance in the sub-continent. To this effect, India poses a challenge to China in the region. China is therefore keen to weaken India and who better than Pakistan can be utilised for this purpose by China[30]. USSR, which used to be a friend, guide and protector for China during the initial years of their formation in 1950, began to be considered as a rival and an unreliable ally by the end of the 1950s. Subsequent closeness of USSR with India and her attempts to befriend Pakistan in the 1960s, especially after the 1965 Indo Pak war, led to increased differences between the two countries. China was interested in preventing the Soviet Union from spreading its influence in Pakistan. Knowing that USSR could not befriend Pakistan at the cost of India, China decided to make friends with Pakistan with the aim of preventing the USSR from spreading its influence in South Asia using a powerful India[31]. Chinas strategic objectives in Pakistan stem from the fact that Xinjiang and Tibet are contiguous to the Indian sub-continent and China is still consolidating itself in these regions. Pakistan occupies certain areas of Kashmir which have immense strategic value in view of this. Pakistan occupied Kashmir (POK) is located in a region where China, India and Afghanistan meet together. The religious affinity between the people of Xinjiang and Pakistan along with the history of repeated revolts by the Xinjiang people against the Chinese government forced China to sign a boundary agreement with Pakistan in 1963 to acquire strategically important areas to keep the influence of the Pakistani fundamentalism away from the people of Xinjiang[32]. Proximity of Chinas Xinjiang Province Tibet Autonomous Region to POK[33] Pakistans geography was helpful in supporting Chinese positions in the North-East in the Chumby Valley (prior to formation of Bangladesh) and in the Ladakh region in the rear of Indian positions. Thus Pakistan d and still s decisively in the defence of Chinas southern flank resulting in close ties between the two countries. The proximity of the Indian sub-continent to Xinjiang and Tibet, Pakistans location in the sub continent and the affinity existing between the Muslims of Xinjiang and Pakistan are matters of great importance for China in its geo political calculations[34]. It could also be Chinas objective to keep things simmering in South Asia by exploiting the Indo Pakistan disputes so that they may weaken each other by confrontation, leaving adequate space for China to be effective in the region. All the above reasons have led to an increased proximity of the Chinese policies towards Pakistan. Conclusion Chinas bond with Pakistan allowed the former a greater sphere of influence in to South Asia, as well provided a bridge between the Muslim world and Beijing. Though, traditionally, the driving factor for China was a hedge against India and getting strategic leverage against India, relations with China gave Pakistan access to civilian and military resources also. To this day, the relationship between the two countries is of high strategic importance, the military relationship with China being the corner stone of Pakistans foreign policy. And in return, Pakistan is helpful in realising Chinas dream of establishing her influence over the globe. CHAPTER V GROWING ECONOMIC TIES BETWEEN PAKISTAN AND CHINA. To attract good fortune, spend a new penny on an old friend. an old Chinese proverb Though political relations hold the maximum importance between countries, the economic relations are also noteworthy and infact, in recent times, have become one of the most significant factors in determining a nations foreign relations policy. Broadly, the economic relations can be divided into two forms trade and aid. Historical Perspective of Economic Ties During the Han Dynasty, trade existed between Ancient China and Ancient India on camels and yaks along the silk route for almost 3,000 years[35]. Infact, the silk route connecting China and Pakistan was closed down in 1949 and was re-opened in 1967 between the two countries. After partition, trade with India came to a standstill for Pakistan. Hence, Pakistans search for a trading partner to sell jute and cotton in return of coal, iron, cement etc prompted Pakistan to establish economic relations with China[36]. Silk Route[37] Economic and cultural interaction between Pakistan and China began in the 1950s. In April 1955, the late Premier Zhou Enlai held talks with the then Pakistan Prime Minister, M. Ali, during the Bandung Conference, and both sides agreed to strengthen bilateral ties. In January 1963, China and Pakistan signed their fist trade agreement[38]. This was followed up with the â€Å"Cultural Agreement† between the two countries in 1965[39]. The bonding established between the two states has continued ever since, with both countries looking at closer ties with each other for respective benefits. The relations between Pakistan and China were restricted to trade relations till 1964, however, it was in 1965, for the first time, that Pakistan started receiving Chinese aid[40]. In 1978, the Karakoram Highway was officially opened to trade between both countries. In 1986, China and Pakistan reached a comprehensive nuclear cooperation agreement which resulted in a 300-megawatt nuclear power pla nt built with Chinese help in Punjab province, which was completed in 1999[41]. Chinas Recent Economic Involvement in Pakistan President Pervez Musharraf took over power of Pakistan in October 1999 and since then the economic aspect became a major factor in Pakistan-China relations. During his visit to China in January 2000, he laid a great deal of emphasis on economic cooperation and hence the economic relations between the two countries slowly began to improve, both in trade and investments. The Chinese side too reciprocated positively by enhancing economic activity between the two countries[42]. The Chinese Premier at that time, Zhu Rongji, while visiting Pakistan in May 2001, urged the two sides to â€Å"boost cooperation in agriculture, infrastructure, information technology and other fields under the principle of reciprocity and mutual benefit for achieving common prosperity†[43].During this visit, Pakistan and China signed six Agreements and one MoU (Memorandum of Understanding). The Chinese financial assistance to Pakistan at that time was roughly over one billion dollars. The six agreements included Economic and Technical Cooperation, Tourism Cooperation, Lease Agreement on Saindak Copper-Gold Project, Supply of Locomotives to Pakistan Railways, Supply of Passenger Coaches to Pakistan Railways, White Oil Pipeline and MoU between Chinas ZTE and Pakistan Telecommunications Co. Ltd. Besides, the most important aspect of increasing economic cooperation was that the Chinese Premier reiterated his support for the Gwadar deep sea port and the Mekran coastal highway pro jects[44]. Mekran Coastal Highway[45] During his visit to China in November 2003, President Musharrafs signed a â€Å"Joint Declaration on Direction of Bilateral Relations.† It was a road-map to determine the direction and scope of overall Pakistan-China bilateral relations in the future. It laid additional emphasis on increasing the economic cooperation between the two countries and institutionalising mechanisms for consolidating an all-round relationship[46]. In December 2004, the two countries signed seven agreements in the sectors of trade, communication and energy. They also formulated a framework for enhanced cooperation between them. These agreements revolved around enhancing the bilateral trade, further progress on preferential trade agreement, setting up of joint agro-based industries and increasing of Chinese investments in Pakistan[47]. In April 2005, as many as 21 agreements and MoUs were signed between the two countries. These included cooperation in economy, defence, energy, infrastructure, social sector, health, education, higher education, housing and various other areas. The two countries also signed a â€Å"Treaty of Friendship, Cooperation and Good Neighbourly Relations†[48]. In January 2006, the Early Harvest Programme was launched to encourage bilateral trade, under which China extended zero-rated tariffs on 767 items while Pakistan reciprocated by extending the facility on 464 items[49]. In November 2006, China and Pakistan signed a FTA (free trade agreement). As per the agreement, China and Pakistan would reduce the tariffs on all goods in two phases. The aim of the agreement is to eliminate tariffs on no less than 90 percent of products, both in terms of tariff lines and trade volume, within a reasonably short period of time and on the basis of taking care of the concerns of both sides[50]. The Early Harvest Programme, which had commenced in January 2006, was merged into the FTA[51]. Also, China vowed to help Pakistan in civil nuclear technology by building and helping in the Khusab Nuclear Programme providing technology to Pakistan for better maintenance of civil nuclear plants[52]. In 2009, Pakistan and China signed a number of agreements and MoUs. These included construction of Bunji Dam in the Northern Areas with a capacity of 7,000 Megawatts[53], provision of soft loans for space, space technology and alternate energy including an amount of U.S. $ 190 million to supply Pakistani satellite PAKSAT-1R, which will replace the present satellite PAKSAT-1 that has a useful life until 2011. This loan will cover 85 percent of project