Monday, December 16, 2019

Roles and Functions Paper Free Essays

Managers in the health care field have many important roles and functions. As the health care system continues to evolve, sound management is critical to the survival of health care institutions (Johnson, 2005). Every manger’s main duty is to succeed in helping the organization achieve high performance while utilizing all of the organization’s human and material resources (Lombardi and Schermerhorn, 2007). We will write a custom essay sample on Roles and Functions Paper or any similar topic only for you Order Now Mangers in the health care field must strive to improve daily operations and make future planning on ways to improve efficiency and productivity. According to Lombardi and Schermerhorn (2007), on a daily basis health care managers must recognize performance problems and opportunities, make good decisions, and take appropriate action. This is achieved by using the process of management; planning, organizing, controlling the use of resources, and leading to accomplish performance goals. One of the day–to-day responsibilities of a health care manager is informing the team members about what is expected of them. Health care mangers must also recruit, train and develop team members (Lombardi and Schermerhorn, 2007). Other responsibilities are the following: coordinating with other teams, plan meetings, figure out the work schedules, and clarify goals and tasks. The most important responsibility of a health care manger I believe a health care manager has is to ensure that each team member has the tools he or she needs to be productive. Mangers must also take on certain roles in order to ensure that team members are being productive. There are three categories that the roles of a health care manager fall in; interpersonal roles, informational roles, and decisional roles. Interpersonal roles involve interactions with people inside an outside the unit (Lombardi and Schermerhorn, 2007). Informational roles of a health care manager involve giving, receiving, and analyzing information. Finally, the decisional roles of a health care manger involve using information for decision making, problem solving, and addressing opportunities (Lombardi and Schermerhorn, 2007). The most important role of a health care manger I believe is giving, receiving, and analyzing information because communication between management and team members ensure that the needs and wants are being met. There are many responsibilities and roles a health care manger must fulfill. The most important responsibility of a health care manger I believe a health care manager has is to ensure that each team member has the tools he or she needs to be productive. The most important role of a health care manger I believe is giving, receiving, and analyzing information because communication between management and team members ensure that the needs and wants are being met. By completing this course I hope to learn more about the responsibilities and roles of health care mangers. I would also like to apply what I have learned while taking this course to my work habits, so that I can improve my management skills. How to cite Roles and Functions Paper, Papers Roles and Functions Paper Free Essays HCS 325 Roles and Functions Paper 10/22/12 The four major functions in managing health care accurately are planning, organizing, leading, and controlling. Managing health care is important especially for employees and your place of business (Lombardi). These factors ensure quality service without any rest stops or burdens being an issue. We will write a custom essay sample on Roles and Functions Paper or any similar topic only for you Order Now Within the health care field, employees usually have trouble with communicating with the higher authority due to issues and lack of time. Planning is important to ensure that goals are being set and that the future looks brighter than what it already is. Planning comes along with meeting needs and focusing on the employees well being. Organizing is ensuring that all things are done and made on time (Hagemann). Organizing comes along with ensuring that there is no time to make residents/patients wait for care. Leading is one of the most important parts of management because this can leave a reputation that either looks good or bad. This is the time where employees should offer suggestions and speak up on any problems that they may have on the job. This is also the time to set goals for employees to meet by a certain period. This gives the manager time enough to challenge those who work under him so that he/ she can get a hint of what assignments should be given to what employees based off how they perform. Controlling is very important because this way everyone is following guidelines and rules along with working as a team rather than individual performance. Employees should be able to call on one another to help each other out so that no one feels left behind or less than. (Hedlund) The most important role for a health care manager and leader throughout a diversified health industry is to maintain balance meaning always be sure that everyone is comfortable as well as equality towards each individual. The manger should have different innovative ways that will cover a diversified health care industry. I will love to gain more information about how to be more of a leader than a manager in a health care setting. T * The References * Lombardi, D. N. , amp; Schermerhorn, J. R. (2007). Health care management: Tools and techniques for managing in a health care environment. Hoboken, NJ: John Wiley amp; Sons. * Hagemann, Bonnie; Stroope, Saundra. T+D. Jul2012, Vol. 66 Issue 7, p58-61. 4p. 1 Color Photograph * Hedlund, Nancy; Esparza, Angelina; Calhoun, Elizabeth; Yates, Jerome. Physician Executive. Sep/Oct2012, Vol. 38 Issue 5, p6-12. 6p. 1 Color Photograph, 1 Diagram. How to cite Roles and Functions Paper, Papers

Sunday, December 8, 2019

Women’s Suffrage And Antisuffrage Samples †MyAssignmenthelp.com

Question: Discuss about the Womens Suffrage And Antisuffrage. Answer: The essay talks about womens suffrage with the claim in the introductory sentence that womens rhetoric has been overlooked in the past centuries and the aim of the essay is to examine the history for womens suffrage and antisuffrage. The writer supports the claim by stating that men has enjoyed honorable rhetoric in history. However, the author has also given the argument that after dramatic reforms in the nineteenth century, women were also able to achieve unparalled success and they also became part of the public rhetorical history. The author also warrants the argument by further linking the argument with the sentence that the year 1920 witnessing women getting the right to vote (Paludi). The author further backs up his claim with the discussion that earlier, women were regarded as good for home related task only and perfect women were those who were purely domestic. Finally, the rebuttal for the topic has been well presented in the essay with the explanation regarding three forms of argument and the rational that all suffrage and anti-suffrage arguments has been presented mainly to protect the women (Samek). The turnitin report for the essay showed plagiarism upto 31% which means that citations from sources has not been done in an accurate manner. The review of the report gives me the lesson that certain terms need to be paraphrased instead of writing directly from the sources. Majority of plagiarism was also found in the section describing three types of arguments for the topic. Instead of writing them in a single sentence, this could have been presented by using different sentences too. Secondly, in terms of the analysis of essay paper done by classmate, I can say the arguments has been well-presented however the support for the essay topic can be further improved by using better qualifiers and linking words. Overall, the essay has been nice written with good arguments and rebuttal. References Paludi, Michele A., ed.Why Congress Needs Women: Bringing Sanity to the House and Senate: Bringing Sanity to the House and Senate. ABC-CLIO, 2016. Samek, Alyssa A. "Mobility, citizenship, and American women on the move in the 1977 International Womens Year torch relay."Quarterly Journal of Speech(2017): 1-23.

Saturday, November 30, 2019

Private Equity in Southeast Asia Region Essay Example

Private Equity in Southeast Asia Region Essay As many investors and finance people know, the United States has been the biggest laying field for PEE firms since 1980 as it is a developed market with mature structure and clear regulations. However, due to competition and limited resources in the United States, investors and PEE firms have a growing need for a new market to grow and expand their business. One of these new, emerging markets for PEE is the Southeast Asia region. This Southeast Asia region is characteristic of developing countries that are rich with natural resources. Most of the countries in this region of Southeast Asia have a lot in common including; they are developing countries, they re rich with natural resources and they all have a big market in terms of population. One of the exceptions in this region is Singapore as it is considered a developed country, especially in the finance sector. Southeast Asia is very lucrative in the sense that it offers a lot of opportunities for investors, including PEE investors and firms, however, in order to realize the revenues and returns of these opportunities these firms would need more knowledge on how to deal with the challenges in this new emerging market. Private Equity in Southeast Asia The emergence of Private Equity (PEE) markets outside the United States and Europe as significantly broadened the scope of portfolio diversification. We will write a custom essay sample on Private Equity in Southeast Asia Region specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Private Equity in Southeast Asia Region specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Private Equity in Southeast Asia Region specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Also, due to the growing importance of PEE in nontraditional markets, the need for investors to broaden their knowledge has increased significantly as knowledge is the key in regards to international investing as a whole. Hence, the purpose of this paper is to provide relevant information about PEE market in the Southeast Asia as well as provide recommendations on how to deal with the challenges. Market Typology With the exception of Singapore, most companies in the Southeast Asia region are developing countries and are therefore referred to as an emerging market. Table 1 describes the market typology of PEE market based on four market types. Table 1 Market Typology Mature Markets Non-traditional markets in advance economies Emerging markets Frontier markets Economic structure Sophisticated Sophisticated Relatively developed Early stage of economic/financial development Economic stability High High Track record is being establish Track record still short Size of the economy and growth Large/high level of prosperity Varies Varies with high growth prospect Small size, lower level growth Debt markets Highly liquid Liquid Emerging Still embryonic Exit markets Developed public equity markets with high market capitalization Developed public equity markets with significant market capitalization Relatively developed public equity markets with sufficient market capitalization Underdeveloped Global PEE firms Investing Investing Investing Very limited, if any investment Domestic PEE industry Developed Emerging Emerging Rudimentary PEE exits Considerable history Track record being established Visible exits already occurred Very limited Key markets United States, ELI-1 5, Switzerland Australia, Canada, Hong Kong, Japan, Singapore Brazil, China, India, Russia, South Korea, Slovenia, South Africa, Southeast Asia countries: Indonesia, Vietnam, Thailand, Malaysia, Philippines Bulgaria, Colombia, Pakistan, Astrakhan, Tunisia, Ukraine Source: Cornelius (2011). The term emerging markets has been widely adopted by international investors to refer to all developing countries. Specifically, Emerging PEE markets refers to those where an indigenous PEE industry is already developing and visible exits have begun to attract a growing amount of interest among international investors. Southeast Asian Private Equity market In general, PEE investment is growing in Asia entirely. According to Perrine, PEE funds share of investments in Asia has grown from a mere 2. 6% in 2006 to 10. 6% in 2012, due to PEE funds investing a total of SIS$27. 8 billion in Asia (Figure 1). Although some of this increase in share can be attributed to the decline in PEE investment in North America and Europe as a result of the financial crisis, the PEE investment in Asia continued to grow at an average annual rate of 8% from 2006 through 2012. In fact, trends show that Asia was the only region in which PEE investment grew over this timeshare. Figure 1 Global PEE Investments by Region (Left) and Trend in Asia for P Deals Source: Pretentiousness Asia has continued to become increasingly attractive as a P destination over the years. According to an investor survey conducted by Ernst Young that involved both general and limited partners, 36% of the respondents believe that PEE investment in Southeast Asia will in fact increase. The survey results from 2012 to 2014 (figure 2) shows an increase in PEE investors confidence level AIBO Southeast Asia Market in comparison to China. Figure 2 PEE Investors Survey: Which geography will see the most PEE activity in the next 12 months? Source: Ernst Young Based on Perrine data, the Southeast Asian PEE Investment reached the highest peak I terms of both investment value and number of deals in 2007, right before the financial crisis. There was a slowdown during the crisis but the markets start to bounce back in 2012. Figure 3 below shows the PEE Investments in major Southeast Asian countries. In Indonesia, Malaysia, and Thailand, the PEE Investments started to increase in 2012 after the financial crisis. While the PEE Investments in Singapore, Vietnam, and Philippines in 2012 started to recover after the crisis. Figure 3 PEE Investments in Southeast Asia Countries Source: Predisposed on Boston Consulting Groups (BCC) report, from 2005 through 2010, Southeast Asia accounted for about 18 percent, by value, of PEE deals in Asia. In 2010, the value of the regions deals was about one-fourth of Chinas and 30% of Indians. Deal sizes and volumes vary significantly by country: Singapore has historically led in the number and size of deals, while Thailand and Vietnam have small and relatively underdeveloped PEE markets and have therefore lagged. Indonesia is extremely active indeed, the largest PIP in the history of the Indonesian stock market was a private-to-public deal. On the other hand, trend shows that Malaysia has delivered mix results. Overall, with a host of new players entering the region, Southeast Saiss share of Saiss deal pool looks set to continue to increase. The growing interest from investors and the recovery of PEE markets in Southeast Asia from the crisis is as a result of several growth-driving factors including: Macroeconomics growth According to Pain Company data, the total GAP in Southeast Asia in 2011 was SIS$2 trillion, accounting for 4. 2 percent of the world total GAP and is expected to row at 4. To 7. 9 percent compound annual growth rate from 2011 to 2016. Natural resources The Southeast Asia region has lots of natural resources such as oil and gas, mineral, marine resources, fertile-land for plantations, palm oil, agro commodities, and many more. These natural resources can stimulate growth opportunities for companies who operate in the region that will lead to signifi cant returns in their investments. Demographic Southeast Asia was home to a mostly young and dynamic population of nearly 600 million in 2011 and this population is projected to grow at 10. Percent compound annual growth rate from 2011 through 2016. With this type of demographic, Southeast Asia offers a big market for consumption especially in its lower to middle class population. In addition to creating a large consumer market, Southeast Asia demographic also provides human resources for companies to support their business in this region with relatively lower costs compared to other regions or countries. Economic Liberalizing Economic reform has spread across the region with democracy in politics and law enforcement significantly improving. Restrictions on foreign investments and winnowers have been relaxed, and some governments are actively developing the PEE sector. At the same time, the connection between countries in Southeast Asia is strengthening to create rationalization and intraregional trades. Capital market Another driving factor is that the capital markets in Southeast Asia are generally underdeveloped and predominantly revolve around indirect finances. In other words, access to traditional capital markets is generally difficult however not for large companies and therefore PEE funds will emerge as a source of growth capital for rowing companies in need of financing. China and India Slowing Economic Growth This is an external factor that creates opportunity for Southeast Asia to grow the PEE markets. Many investors shift their focus to Southeast Asia due to economic slowdown in the two biggest markets in Asia, China and India. Besides economic slowdown, PEE firms reportedly encountered challenges in these two countries. The main challenge in both countries is difficulty exiting investment or selling the portfolio companies. Ipso in China and India are currently inhibited by the regulatory body and market environments. Beside PIP, the strategic selling also faces a problem because of the difficulty of negotiating attractive sales price with potential buyers, particularly in India in the wake of economic slowdown and currency depreciation. All the opportunities and driving factors create optimism for the investors including PEE investors. Result from a Joint survey conducted by Pain Company and the Singapore Venture Capital PEE Association (SVGA), showed clear signs of optimism about the regions prospects, which could have marked 2012 as the start of Southeast Saiss time to shine. Respondents looked for deal activity to increase substantially, especially in consumer, healthcare, and energy sectors. PEE firms that are active in the region reported that they would boost their investments in Southeast Asia, with some 40% of respondents planning to invest more than SIS$1 50 million in 2012, compared with Just 20% in 2011 (see figure 4). Figure 4 Survey Result Growing Optimism for PEE Markets in Southeast Asia One of the negative effects coming from those opportunities is the growing competition for PEE investments deals. Such competition has led to concerns about oaring valuations that make most of the acquisition prices in Southeast Asia rise since 2012. The main cause of this problem is the limited number of good portfolio companies. Most of the PEE firms focused their deals on consumer-related sectors such as food, beverages, healthcare, media and telecommunication, and energy. It is understandable since these sectors are the one that have the best growth and return opportunity due to consumer market growth (huge and young population) in Southeast Asia. Moreover, Southeast Asian countries still possess some classical robbers that can be considered as the major risks for PEE firms to invest in Southeast Asia. These risks include: Economic risk Economic conditions in most countries in South Asia, including Singapore are facing some macroeconomic risks, such as inflation, currency exchange fluctuation, and the dependency of foreign investment. All these risks can cause instability to the economic condition. According to Cornelius (201 1), between the time span of 1993 and 1999, many PEE firms failed to meet investors return expectation due to the currency exchange rate changes. Inflation is another big problem in Southeast Asia, inflation can suddenly spike because of the sharply higher commodity prices thus leading to a considerable increase in the general price level. According to Cornelius, in emerging markets, including Southeast Asia, average consumer inflation surged to 9. 2 percent in 2008 from 5. 6 percent in 2006. The inflation rates can have a big impact on real investment returns. Political risk Political instability has been identical with the Southeast Asia region for decades. Political instability causes investment uncertainty and could potentially result in a monumentally different investment regime. Governments in Southeast Asian countries still have a big role in business and economics. They control the business by imposing several regulations that can change from time to time creating uncertainty in business. Moreover, every time there is a change of government, the policy will be changed and can sometimes harm the investments that have already been made. Unanticipated changes in regulations have substantial return implications through their impact on production costs, market prices, and the repatriations of profits. Governance risk Except for Singapore, all the countries in Southeast Asia hold governance problem, especially corruption and law enforcement. Law enforcement is very important for investors in relation with the protection of investors rights in case of disputes. There is an absence of well-functioning and predictable legal institutions in most countries that can give a negative effect for business and legal assurance. Of all the risks we consider in this section, corruption perhaps the most evil one. Corruption has many dimensions, including tax bribery, procurement bribery, and Judiciary bribery. Corruption has flourished in previous years within the Southeast Asia region due to complex bureaucratic regimes. This risk can severely distort policy dimensions in all areas imposing huge macroeconomic costs. Conclusion and Recommendation 2014 will continue to be a competitive year for PEE investors in Southeast Asia. Pain ; Company stresses that with more PEE firms turning their focus to the region and cash rich corporate on the prowl for acquisitions, valuations in 2014 are expected to remain at lofty levels. Respondents polled by the research outfit pointed o a scarcity of high quality target companies as one of the most pressing challenges. Macroeconomics volatility, political instability, and corporate governance are still the major threats in Southeast Asia. But with all the opportunities going forward, Southeast Asia will become the deal making hotshots, drawing an influx of PEE firms from the United States and Europe. However to get all the benefits that Southeast Asia offered and to get the best investment returns, PEE firms should be able to overcome the risks and challenges that exist in the region. Some of the strategies and commendations are: Choose a focused Model An investing model focused on a specific industry sector or on Just one or two countries will maximize the chances of sourcing and converting the right deals. For example, targeting consumer sectors, since this sector offers a robust growth due to increases in middle-class populations and growing consumption. The biggest beneficiary country of consumption growth driven by growth in the middle class is Indonesia, the most populous country in Southeast Asia, with a population of over 240 million. Enhanced due diligence and deal-execution process Allow plenty of time for due diligence process, especially when creating market scenarios and mapping industry structures and value chains. PEE firms that excel in converting more acquisitions into winners and avoiding losers use probing due diligence process to dig deeper into a potential targets operations before they commit to an investment. Superior due diligence is very critical in Southeast Asia where information often less transparent and reliable sources of date are hard to find. A good due diligence can also reduce the negative effect from uncertainty in economic and political condition. Proprietary sourcing and smart partnership To find the best companies quickly and avoid overpaying, fund managers need to forge alliances and have people on the ground that can spot opportunities before competitors do. To be able to do that, PEE firms should reinforce local connections and consider partnerships with conglomerates or family groups seeking to institutionalize their investment capabilities. Other potential partners include local PEE funds as well as local banks, government-linked organizations, and state-owned wealth funds. They can facilitate access and help build up a steady deal flow. PEE firms should consider

Tuesday, November 26, 2019

Feudal Europe essays

Feudal Europe essays The feudal system first appeared in Europe as a solution to the fall of strong, centralized empires. From feudalism sprang the political arrangement of self-sufficient towns known as the manorial system. The rise of feudalism in areas formerly dominated by Romans resulted in the breakdown of central government; but in regions undeveloped by Rome the feudal system was a further step toward organization and centralization. Feudalism spread from France to Spain, Italy, Germany and Eastern Europe. The important features of feudalism were similar throughout Europe during the middle ages, but definite national differences existed. Feudalism continued in all parts of Europe until the end of the fourteenth century and the renaissance period. Many characteristics were common to all feudal societies: strict division of social classes, (nobility, church officials, peasants, and serfs) and the land holding system dependent on the obligation owed to the land granter. In feudal society the ownership of all land was vested in the king. Beneath him was a hierarchy of nobles; the most important nobles held land directly from the king, lesser nobles held land from them, finally down to the lord who held a single manor. Document five describes daily life for feudal peasants and their obligations to the lord through service. A man served a lord through ploughing the fields while his wife paid dues in eggs and cloth. The political economy of the system was local and agricultural, and its base was the manorial system. The feudal method of holding land was by fief. The grantor of the fief was the lord, and the recipient was the vassal. The fief was formally gained by a ceremony and contract. The feudal system rested on the unsettled conditions of the middle ages and thus on the need of the lord for armed warriors and vassal for protection. Since equipping fighters was expensive, the lord could not create his armed force without the obligation of the vass...

Friday, November 22, 2019

4 ways your job can impact your health

4 ways your job can impact your health It’s one thing to dislike your job, but it’s another if it’s making you sick. If you’ve been feeling physically and mentally worn down lately and can’t seem to shake it, maybe it’s time to take a hard look at your work life to see if it’s the cause of your health issues. Of course you have to go to work, but recognizing where problems exist and making even small changes can start to put you on the road to wellness. Are you sedentary all day?According to a study done by the American Heart Association (AHA), even if you fit exercise into your life, sitting all day every day can negate the health benefits you’ve gained. The solution? Move even more- as much as you can. Make sure to get up and walk around every hour or so. Walk to the kitchen for water once an hour. Take an office lap every other hour. Get up and get your blood flowing whenever possible.Does your commute stress you out?If you’re spending a ton of time getting to and from work, it’s likely taking a toll on your life attitude. One study done in the United Kingdom earlier this year found people with long commutes are more likely to suffer from depression and work-related stress. If your commute is longer than 10 miles by car or 30 minutes by bus or subway, then it might be negatively impacting your life. You can’t help where your office is located, but do everything you can to make the travel time as restful and enjoyable as possible: try downloading a fun podcast or listening to music that will start your day off right.Are you way overworked?If all your waking hours are spent thinking about work or being at work, you’re likely neglecting all other aspects of your life. In fact, according to a recent study, if you work more than 39 hours a week, your mental and physical health will start to decline. Even if you’re on your couch in pajamas, if you’re logged in and constantly monitoring your work emails the n you’re not getting proper rest. Dedicated time to focus on yourself, your friends, and your family is crucial to maintaining balance- at some point, you need to be able to shut things off and not be at work.Are you surrounded  by germs? (You are.)Did you know that your keyboard, mouse, mousepad, and even I.D. badge are all germ factories? Scary but true: your keyboard in 20,000 times dirtier than a toilet seat. And then there are all the hands you shake and doorknobs or faucets you turn in the course of a day. You’re in an enclosed space with tens or hundreds of people every day- start carrying around that hand sanitizer. And if your office is open plan? It might encourage more collaboration, but it also encourages sharing whatever bug is going around. You might find you’re getting sick more and more often, just by coming to work. Take your vitamins, keep your space clean, and get fresh air when you can throughout the day.Notice a theme here? If you take mom ents out of your day to make sure you are taking care of yourself, your overall health will start to improve.

Thursday, November 21, 2019

Justification and Excuses Essay Example | Topics and Well Written Essays - 250 words

Justification and Excuses - Essay Example In his defense, Sandusky’s lawyers have put forth the unlikely and implausible excuse that he is suffering from a histrionic personality disorder, a condition since removed from the DSM-IV-TR itself. It has been described as "a pervasive pattern of excessive emotionality and attention seeking" that is "often characterized by inappropriate sexually seductive conduct. His lawyers tried to use this condition as an excuse for their client’s behavior and to justify his actions. This justification is part of a defense based on circumstances and excuses, a broad set of defenses in which defendants claim a lack of responsibility for their criminal acts. (Lippman, 2010). Jerry Sandusky has been accused of involuntary deviate sexual intercourse, indecent assault, criminal intent to commit improper assault, unlawful contact with minors, corruption of minors and endangering the welfare of children. However Dr. Glen Gabbard, Clinical Professor of Psychiatry at the Baylor College of Medicine in Houston, and an expert on personality disorders states that histrionic personality disorder could in no way be seen as a reason or explanation for the abuse of children. "That diagnosis, if he has it, would be completely irrelevant to anything having to do with criminal responsibility for acts of pedophilia†. Mr. Sandusky had no excuse or justification for his action, for the crime he committed he knew very well what he was doing to those boys, over a period of 15 years and he knew the consequences of his actions; and he used his respectable position in society to sexually abuse those kids. He deserves to be sentenced for life and is only plea bargaining because at his age settling for 12-15 years may give him some chance of living some of his life out of jail rather than dying in it. I personally think that this kind of defense does not stand a chance and should be thrown out of court. Pleas for insanity or other mental conditions are not appealing to jurors because it is

Tuesday, November 19, 2019

International business Essay Example | Topics and Well Written Essays - 2250 words - 2

International business - Essay Example There is need for increased globalization since there are many benefits associated with it that ought to be fully utilized for common good of all nations in the world. Thus, the problem is that there is no much globalization for countries to effectively utilize these advantages that accrue to it. As countries, continue to interact and integrate their economies, the dividing walls of hostility that separate trade between countries are broken. This results to free trade where goods and services are exchanged freely across the borders of countries involved with minimal restrictions from the relevant authorities and agencies. Free trade necessitates countries to specialize in the production of only the goods and services, which they have a comparative advantage over the other nation probably because of better resource endowment or other factors that make them to be best suited. Specialization leads to production of goods of high quality since most of the resources are channelled towards production of a specific good and repeated production of the same product is likely to lead to improved quality. Specialization is also associated with incurring of less cost of production which is translated to the final price presented to consumers hence it makes products to be cheaper. Globalization results to movement of labourers from one nation to another without incurring heavy costs that are normally associated with migration and without spending a lot of time (United Nations & Ocampo, 2002 p. 73). Free movement of workers is beneficial to workers since it provides employment opportunities that are not available in the home country hence making them to be economically stable. The workers in turn contribute to economic growths of their home countries when they repatriate back their savings in form of investments and other income generating ventures. The host countries benefit from the services of the foreign workers which are not locally available