WTO effect on Taiwan Essay Example | Topics and Well Written Essays - 1500 words

WTO effect on Taiwan - Essay Example (Antkiewicz, 2004) In other words, the more internationalized the financial markets and the more liberalized the capital account, the more challenges the autonomy of monetary policy have faced. In fact, financial internationalization underlay both the Latin American financial crisis happening earlier and the East Asian crisis a few years ago. Experts and scholars, by drawing important lessons from financial crises, have, retrospectively, advocated a progressive approach rather than an aggressive one to financial internationalization. They have singled out relaxation of capital account controls as the bottom-line defensive measure and have even viewed a certain degree of re-regulation as necessary in the aftermath of financial liberalization and internationalization. (Cai, 2005) By doing so, the negative impact of rapid and large-scale international capital movements on a countrys economy can be minimized. Generally speaking, financial liberalization includes cross-border flows of funds, personnel and commodities. In addition to opening the capital account, it also includes expanding offshore business, establishing foreign exchange call-loan markets, and allowing foreign bank operations and branches. The following phenomena, which are independent in itself but not exclusive of each other, illustrate the connotation of financial internationalization: 1) The restrictions on the currency exchanges and other international financial activities of residents and non-residents (including individuals, corporations and financial institutions) are relaxed Domestic banks are allowed to establish overseas branches. Domestic corporations can raise funds by issuing corporate bonds overseas or by investing overseas. Foreign banks and corporations are also permitted to conduct reciprocal financial businesses locally. (Weixing, 2006) 2) International capital movements

Change Management Research Paper Example | Topics and Well Written Essays - 1500 words

Change Management - Research Paper Example It has its extensive presence in every domain of the society. In the context of modern day business scenario, change is an important part of operational process of the companies irrespective of the industry that they are operating in. In the healthcare sector, with the increased level of business market competition and altering nature of customer demands, change has become quite crucial by a certain degree. However, it cannot be ignored that there exist a proper process of change management, which helps in building a systematic framework and enabling proper implementation of the change proposed (Reiss, 2012). Contextually, this paper will work towards initiating change in a particular healthcare organization, which will comprise analyzing the need for change and the strategies for making that change successful. Identification of Change and Why Identifying the change, which is to be undertaken, is quite vital with regard to build a systematic process for the same. It can be stated tha t the change will be suggested with analyzing the clinical environment of a particular healthcare unit. ... ealthcare unit is observed to be below standards in conducting their certain operational activities in accordance with the norms along with the standards set for the overall industry. Observably, the healthcare unit is seen to be lacking in the practice of hand hygiene. According to the report of CHICA (2013), there are millions of people who often get infected from nosocomial infection due to having deficiency in this particular practice. Hand hygiene, in the healthcare sector provides certain guidelines to both healthcare patients and the professionals in the workplace, so that they mitigate with the rising problems arising from non-adherence to the same (Centers for Disease Control and Prevention, n.d.). In this regard, change such as implementation of Infection Prevention and Control Guidelines will be initiated in the healthcare unit. It provides certain strict guidelines with regard to maintain hand hygiene in the unit to ensure enhancement in the performance of the organizatio n (CHICA, 2013). The healthcare unit is also seen to be lacking in providing quality services to the patients. It has been apparently observed that the healthcare organization possesses the responsibility to serve people with utmost integrity and responsibility. However, in analyzing the particular healthcare unit, it has been noted that the satisfaction level of the customers acquiring services from this unit is quite low, which further is a serious threat for the well being of the patients and the performance of the unit altogether. Hence, in this regard, proper implementation of NAHQ based Code of Ethics and Standards of Practice will be initiated as a change in the operation of the healthcare unit, further making sure that the healthcare unit work totally in compliance with the