America is Finished Essay Example | Topics and Well Written Essays - 1000 words

America is Finished - Essay Example Spence, an economics professor at New York University’s Stern School of Business, a superior fellow in the Hoover Institution and former chairperson of Growth and Development Independent Commission, lives in Italy and California. The book is a nonfiction depiction of the future based on current trends and statistics in relation to previous happenings. The book talks about the Industrial Revolution third century, which is the era we are presently living in. As scholars that one can find can deduce it from limited resources, it is found that for numerous hundred decades until approximately 1750, the growth of the economy was insufficient anywhere in the Globe. By the world’s standards, majorities of people were pitiable and only a small group of the elite was rich. In some parts, there existed a small middle class, who were commercially oriented. This was the case visible almost the entire world. In 1750, England began a new and much improved course of the Industrial Revo lution raising the income per capita. The growth increased and was maintained for the pioneer time in the world’s history. This was the case for almost twenty decades until the Second World War began. By 1950, the standard earnings of persons living in the Industrial nations had increased by twenty times and in the case of more developed nations, this value rose more than this. This dramatic change of the growth pattern was limited to what we term industrialized or advanced nations. This changed the lives of about 15% of the globe's population. Apart from this group, the pattern of the previous hundred years merely presided thus little growth and people were still poor. This is to explain that, the global pattern was just one of the rapid divergences between the already developed and advanced verses others who are not. Commencing after the Second World War, the shift in pattern was tough at the initial stages to perceive it as a prominent trend started again. The nations in t he developing world began to develop. Initially, the growth was comparatively slow and only in distinct cases, there which it started to step up and spread. This signified the start of the international economy century extensive journey. The result is probably the world that 75% of its people reside in advanced nations with all that it comprises: escalating income growth with comparatively accelerating patterns of energy consumption and use. The next convergence is likely to bring debates how well to continue in the post crisis era and reset the equilibrium between national and global economic welfare and temporary fixes and continuing sustainability. Main Body With the Industrial revolution of the British, a fraction of the globe's population commenced to encounter peculiar economic growth that lead to gaps in living standards and wealth between the developed Europe and the rest of the globe. This trend of divergence was reverted after the World War II and presently we are halfway through 100 years of escalating and high development in the developing countries and a novel convergence with the developed nations are enormous but still comprehended. This book dates about further than 100 years that started in 1945 and will go into mid 21st century meaning that after two hundred years of high speed and accelerating divergence, a trend of convergence has engulfed the world. The author boldly and precisely outlines what is at stake globally as he portrays the future of the manner in which the global economy will rise over the subsequent fifty years. A number of our most renowned econopundits dwell in such basic, commotional public speaking, particularly in periods of market confusion and

Management accounting and healthcare Essay Example | Topics and Well Written Essays - 3000 words

Management accounting and healthcare - Essay Example This paper talks about the interaction of research in management accounting and the healthcare sector. With the availability of a rich body of literature from various journal articles the paper focuses on a number of complex and important aspects of the topic in terms of accounting management risks, costs, regulations as well as existing opportunities in the dynamic environment of the healthcare sector. Furthermore the potential the health sector holds as far as management accounting research hold is discussed and facilitated with the description of the current developments in healthcare.Research in the management accounting of the health care sector primarily comprises of investigating the accounting and the control systems that are used by decision makers within the organization. A key component of the research in the accounting and healthcare sector is that which revolves around the cost associated with the everyday operations that are undertaken by these organizations. The rich b ody of literature available in this area has focused on a number of complex and important problems that arise in budgeting, contracting, cost accounting, management and reporting (Luft and Shields, 2003). Extant literature in the field of accounting published primarily approach the issue using an economics based theoretical framework, and focus on the study for-profit organizations. This paper discusses the distinct advantages and research opportunities offered by the healthcare industry that can be used by management accounting researchers. We look at the scope as well as the role played by the accounting practices mainly centered on cost management and risks in the healthcare sectors. Then we look at the implications of cost shifting and revenue constraints by hospitals operating in a changing regulatory environment and the impact that competition has on the need for accounting information. Next we view the advantages of using healthcare data for management accounting research. In the last section we look at the current development in the health care industry. Opportunities for Managerial Accounting Research in Health Care A setting that comprises of organizations with a large number of attributes as well as diversity provides researchers with considerable potential to study complex issues. The health care sector which consists of a multitude of hospitals in every country in the world has prevalent attributes such as multi dimensional objective functions, complex production functions and a huge number of diverse stakeholders. Furthermore major shifts in the regulation of this sector can be observed in the way it has moved from cost plus to fixed price reimbursement in many countries namely UK, Germany and Taiwan. Most notable is the move of the focus of competition from non price factors like quality to price-and-cost based competition, showing a major alteration to not only the revenue functions but also financial risk. Due to these changes the various aspe cts of hospital accounting, reporting and control systems are all impacted. This can simply be seen when you view the dilemma that surrounds health care contributing to both regulatory and normative pressures. It is required that hospitals provide patients with the best quality care regardless of their ability to pay while on the other hand it is imperative that they remain financially viable. This dilemma adds complexity to other aspects such as motivation, compensation, and evaluation of performance by hospital managers. If we view the aspect of compensation in isolation we will notice another critical element contributing to its complexity. This being ownership types such as non profit, for profit or public providing the same service and competing for the same customer base (Dranove, 1988; Hoerger, 1991; Pauly and Redisch, 1973). There are three distinct aspects of the healthcare sector which have a great influence on behavior as well as outcomes. These are regulation and competi tion, contracting and