Organization Needs Assignment Example | Topics and Well Written Essays - 250 words

Organization Needs - Assignment Example â€Å"Wishes† are different from needs as they basically refer to desires, which are sought to meet an end product. â€Å"Means & Methods† is a technique through which a result can be produced (Kaufman, Rojas, & Mayer, 1993). Kaufman has underlined three basic level of needs: Mega level, which identifies a gap at the societal level, Macro level, which identifies a gap at the organizational level, and Micro level which is concerned with gaps within individuals or groups. The following case study is an example of a consultant who identifies an organizational need of Micro and Macro level. The company, Farradaw Solutions has been providing bespoke solutions through establishing road tunnels, and rail tunnels etc. The company faced challenges when the CEO introduced a new restraining clause in the employment’s contract. Employees started showing resisting behavior and they did not readily accept the change. Frustration grew among employees and even the most competent workers were showing unreasonable behavior and the organization progress started to decline. At this point, the personnel manager took initiative made changes in the organizational set-up but the results were still devastating. She asked a consultant to identify the gaps. The need analysis identified by the HR consultant affirmed that people resisted sudden change, showed ambivalent behavior (Kaufman, Watkins, & Leigh, 2001) when the new clause was introduced. Hence, the basic need, which was identified, was to arrange meetings to make the employees aware of the new changes in the company through ef fective communication so that they understand the reason why the clause was introduced in contracts and to carry out stress management programs for employees who are showing frustration due to pressures at

Discuss the key guiding principles which should underpin a successful Essay

Discuss the key guiding principles which should underpin a successful Destination Management Strategy, using relevant examples - Essay Example The entrance of new competing destinations has heightened competition prompting the destination marketing organizations to change their business strategies. Since each country has unique goals and objectives for tourism, it is crucial that the marketing strategies match the gaols of the specific country. For any country to position its tourism marketing strategy, it is crucial to design a visionary plan, design strategies to promote the plan, source funds and support for the program and work out a correction plan to counter the challenges that are likely to arise during the strategy implementation process. The challenges arising in the tourism require a different approach of destination management to stimulate growth and ensure that all stakeholders in tourism benefit from the investment plans. The first step towards efficiency destination marketing is to build a vision and a plan that involves all the stakeholders in the industry (Shirazi & Som, 2011). The vision of the destination marketing should be to use an integrative approach that embraces changes, flexibility and one that is customer focussed. The customer should be the main focus of the organization, as they are the source of profit for the organization. On this note, the objective should be to understand the customer needs, and develop strategies to satisfy them. Additionally, the vision of the project should be to involve all the stakeholders of the tourism industry in the implementation process. England is an example of the countries that have focussed on the customer needs to stimulate a tourism growth of over 5% per year (Prideaux & Cooper, 2002). By satisfying the customers, the locals, the employees and the government, it is possible to overcome the challenges that affect the tourism market. Destination marketing seeks to satisfy all the stakeholders by actively involving them in the

Discussing Honour in Henry IV Essay Example for Free

Discussing Honour in Henry IV Essay There are differing concepts of honour throughout the play of Henry IV shown by different characters. There are two characters that depict extremes on each end of the scale, Hotspur (Henry Percy) and Falstaff. This essay will demonstrate the different types of opinions towards what honour is from each character and also give a comparison with examples for each. Hostpur, or Henry Percy, is the son of Northumberland and is a very fiery character with a short temperament and who is quick to jump to conclusions. His idea of honour lies purely on the battlefield and he believes that the only possible way honour can be measured is with the amount of battles won and opponents conquered. He certainly believes himself to be more honourable than any man and this may explain two things. Firstly it will explain his confidence about his fighting and military knowledge as well as his concept that his idea is always the right one. Secondly it may also explain his rudeness, brashness and sometimes complete disrespect when addressing others, especially those in royalty. He gives a good speech when talking to Worcester and Northumberland about his honour and how he has claimed it. By heaven, methinks it were an easy leap To pluck bright honour from the pale faced moon, Or dive into the bottom of the deep, Where fathomline could never touch the ground, And pluck up drowned honour by the locks, So that he doth redeem her thence might wear, Without corrival, all her dignities. (209-15, I, iii) This is a great speech that clearly shows two things. Firstly it shows his disrespect when addressing others and his arrogance that comes with it. More importantly it shows that he believes honour can only be earned by doing an act of some kind of bravery. He gives an example of such a deed in the lines To pluck bright honour from a pale faced moon and also dive into the bottom of the deep. He is stating that in situations where there is a problem or where conditions are hard it takes an exceptional kind of man to go into these situations, conquer them and come out with respect and honour. The action of coming from such a situation with honour is depicted in the line pluck up drowned honour by the locks, so that he doth redeem her thence might wear. He is giving an analogy for two things; first the kind of situation at which bravery and courage is required and secondly the kind of person that will go into that situation and come out earning respect and honour. As he refers to these conditions as being battles he is clearly showing that only a man that can use the sword with skill is worthy of being honourable. Another quote from Hotspur underlines the fact that he feels honour can only be taken from situations where there is danger and risk. Send danger from the east unto the west, So honour cross it from the north to south, And let them grapple! O, the blood more stirs To rouse a lion than to start a hare! (203-6, I, iii) This shows once again the conflict between two sides, this time denoted by positions on the compass, meeting and he feels there is more honour to be won with a great battle than a smaller one. Hence why he states the blood more stirs to rouse a lion than to start a hare! This again shows exactly how Hotspur feels about honour and the way in which it can be won. Another person who can be compared to being like Hotspur in this way is Douglas. He, just before the battle in the rebel camp, goes to the allies camp and gives them a call for battle as such by defying them in a ploy to start the confrontation. Finally, when Hotspur has fought Prince Hal and is dying, he states that he is more mortified and distraught about losing the titles and honour to his slayer than he is about dying in the physical sense. I better brook the loss of brittle life Than those proud titles thou hast won of me. They wound my thoughts worse than they sword my flesh. (78-80, V, vi) This shows that Hotspur has little respect for Hal as he is more hurt by losing the titles and honour he has won to someone of his nature than dying in itself. Hotspur is so self-contained in the idea of honour that he truly feels great pain in losing a battle to Hal, who he considers not to be as worthy as himself. This shows that although Hotspur has a very hard and manly idea of honour, it is not for attraction and he actually believes in what he says and fights for. He can almost be pitied for being so brave as his courage could sometimes be foolhardy. However, it would be interesting to ask Hotspur himself that why, as he considered himself so honourable, he chose to oppose the king, because that in itself is a crime against the country in treason and those that commit treason are punishable by the worst penalties and could be deemed as the people with the lowest amount of honour and most amount of shame. In a complete contrast, Falstaff, a drunken lout and thief, is on the other end of the range. He shows complete distaste and is dishonourable in his ways. He condemns the word of honour in his soliloquy at the end of Act V scene i. To summarise his speech he states that honour cannot heal a wound, nor pay back for a dismembered limb and is simply a word that carries no weight for the living nor the dead. He therefore disassociates himself from the concept and seems to do so with some pride and belief. This small but quite hard-hitting speech can account for his ways throughout his life. He lies continually, exaggerates stories to boast to his friends and is even caught out in his ways when Hal tricks him after he has robbed some people. All these acts and his way of life does not compare to perhaps his lowest and dirtiest manipulation of the situation when he acclaims responsibility for slaying Hotspur. Before this incident, when Hal and Hotspur are fighting, Douglas comes in and fights Falstaff. He falls down and pretends to play dead, which is a despicable piece of behaviour in itself that shows nothing but cowardice and lack of self-esteem and morale as well as a lack of honour. This leaves Douglas to go elsewhere and the Prince (Hal) and Hotspur to fight. Once Hostpur has died Hal goes off to find the King and show him what he has finally done, Falstaff arises and when the King returns he claims to have battled Hotspur after the Prince had gone and it was he himself who had killed the man. This is the height of ignorance and dishonour. It shows what a coward and scheming kind of person Falstaff really is and does a huge injustice to Prince Hal. It shows he is also a liar. His statement to the king reads:

Deposit Mobilisation in Banks

Deposit Mobilisation in Banks Deposit mobilisation is one of the crucial functions of a conventional financialinstitutions or banks to satisfy one of the requirements of a banking business, i.e.sourcing of funds or borrowing money from customers.Continuous and adequate deposit mobilisation would ensure the bank shall be able tosustain its business of lending and investing, thus incurring profit for future growth.Nevertheless, different types of deposits have different and distinct characteristics andfeatures which in consequence impose different risks and costs to the banks. Therefore, inmany cases, deposit mobilisation strategy relies heavily to the banks asset and liabilitymanagement policy.In a relationship between bank and depositors, the rights and duties for both parties varyaccording to the nature of deposit mobilisation. The ability of the bank to fulfil their duties is an important measure of the banks acceptance by the public, or by far as acomparison yardstick with other banks. Deposit mobilisation of a bank and its importance a. Introduction Banks mobilise deposits as their primary source of funds. Having optimaldeposits level, banks shall be able to lend the funds to generate interest onlending. In addition to lending, the deposits fund can be placed in certaininvestments avenues which suits the banks or the deposits objectives.Deposit mobilisation is a continuous function for a bank to ensure the sumtotal of deposits at any time adequate to maintain the current level of lending and investments especially to compensate the withdrawals madeby depositors. Usually, the deposits level is kept slightly or certainpercentages above the lending and investments level to ensure the bank has adequate cash reserves to meet expected withdrawals and alsorecurring withdrawals. The cash reserves are called Liquidity Reserves.Deposits bring costs to the banks, either on the maintenance of thedeposits and its transactions or on the interest payout onto the depositsupon deposit maturity.b. How Bank Mobilises Deposits Bank receives deposits from individuals, organisations and businesses,initially by opening an account with the bank itself. Based on the types of deposits, minimum initial deposits are set together with the rules andregulations governing the accounts.Subsequent deposits can be made into the accounts, except for timedeposits where the amount is fixed until deposit maturity.Depositors maintain deposits with specific banks due to many factors, butin particular trust and confidence with the banks are the major factors.Once these are established, the banks continuously attract depositors anddeposits by providing convenience banking, quality services, excellentbrand association and higher interest payout.However, there are instances where depositors put their money into thebanks mainly for security purposes, i.e. the banks to protect their moneyfrom loss and theft and also warrant the deposits from investment loss. Assuch in Malaysia the government provides guarantee upon deposits placedwi th commercial banks. 59 http://htmlimg1.scribdassets.com/4mk9wp2tcwe8wo/images/59-b2561607ca.pnghttp://htmlimg1.scribdassets.com/4mk9wp2tcwe8wo/images/59-b2561607ca.png Banks are competing against each other to attract deposits and newdepositors. Normally interest payout rates, locations and services are themain attractions to the mass market. However, some banks are going intothe niche markets and thus providing specific attractions to the targetedmarket segment. One example is the pensioners group, where specificproducts are developed with special features which suit their lifestyles.Sometimes banks do promotions with door-gifts, lucky draw, establishsavings clubs, staff get customers programme and else to ensure thedepositors base and deposits keep growing and to instil loyalty to thedepositors.Some deposits products have also grown from a single purpose deposits tocombined purpose products to meet higher expectations from customers.For example, attachment of insurance scheme, combination with debitcard, etc.c. The importance of deposits Deposits are the primary source of funds for a bank, which facilitates theuses of funds (loans and investments). The higher the deposits amount, thebigger the lending and investments portfolio can be maintained by thebanks to sustain its expansion and future growth.The banks must have adequate deposits to meet the lending volumerequired by the public and at the same time maintain extra cash for withdrawals by depositors. The cash reserve is a component of liquidityreserves which measure the ability of the bank to meet its expectedwithdrawals and recurring withdrawals. The withdrawals made from thereserves are oddly-offset against new deposits which the banks shouldcontinuously mobilise. The inability to get sufficient deposits could resultin negative fund situation.The level of deposits growth also indicates the banks performance inrelation to customers satisfaction on interest payout and servicesrendered.d. Deposits as key liquidity indicator Deposits are made mainly in cash, the most liquid asset for banks. Oncewithdrawal requests are made by depositors, banks must immediatelyprovide cash for that particular purpose. As compared to other liquiditycomponents such as short term investments which take time to beconverted into cash, it is rather wise for a bank to simply get moredeposits beyond the withdrawal amount. 60 http://htmlimg4.scribdassets.com/4mk9wp2tcwe8wo/images/60-3465843250.png However, the percentage of the cash reserves must be kept at optimumlevel. Idle cash does not create profit, but in fact, brings additional costs interms of storage and insurance. Therefore, by maintaining cash reserves atoptimal level enables bank to generate maximum profits from lending andinvestment activities.The costs for cash reserves are mainly on the storage and insurance. Thestorage of cash reserves involves the requirement for adequate vaultrooms, cash in-transit security and cash handling at branches. Theinsurance costs are to cover the amount of cash available anytime atbranches or in-transit from loss, fire and theft. It generally covers themaximum cash amount allowed at branches or in-transit

The Causes and Effects of Divorce Essay -- cause/effect essay

From past to present people all over the world have determined to live together, or â€Å"get married†. Marriage can be a beautiful thing, but some couples are unable to maintain their relationship, because they choose divorce as a solution to cope with the problems between husband and wife. Furthermore divorce is definitely on a rise. The effects of divorce can be detrimental to a family, but the causes of divorce can be just as bad. In this essay we will cover one of the main causes of divorce and one of the main effects. One of the main causes that marriages are not lasting is the change in the roles of woman today. Prior to the 1980’s it was the man’s responsibility to earn money and financially provide for his family, whereas the woman only took did house work and looked after the ch...

Michael Jordan :: essays research papers

Michael Jordan is the Chicago Bulls superstar who beat Charles Barkley and Akeem Olajuwon for Rookie of the Year Honors in 1985. Perhaps, he is the greatest player to ever play the game....he even has six championship rings to back up his claim, including 3 straight from 1991-1993, and 3 more in 1996-1998. Michael was named the NBA Finals MVP in all of those titles. He's won them all with Scottie Pippen. In 1991, Jordan's Bulls finally overcame the greatest impediment to their team's success, Isiah Thomas' Detroit Pistons, who had regularly eliminated the Bulls from the playoffs. In 1993 he averaged 41.0 ppg in the finals, for a record. This 6-6 superstar guard is a perennial NBA first teamer (10 times from 1987-1993 and 1996 and again as a unanimous selection in 1997 and 1998). He was once again an All-NBA First Team member in 1996 after making his return from baseball. You can always pencil Mike in as the starting guard for the all-star game (13 appearances in 1985 and from 1987-1 993, 1997-1998 and again in 2002). He started for the ninth time in 1997, as the first player EVER to receive more that 2 million votes. In the 1997 Game he became the first player ever to record a triple double in the all-star game with 14 points, 11 rebounds and 11 asssists. Jordan was not named MVP that year (Glen Rice received that honor), but he did win the Game's MVP award in 1988 after scoring 40 points and again in 1996. Jordan was once again elected to start (10th time in 12 appearances) in 1998 after leading the eastern conference in voting. After coming out of retirement, Jordan was elected to start again for the eastern all-stars in 2002. Jordan holds the record for most career scoring titles with eight, including 7 straight, also a record. He scores so many points that it is almost unfair to compare him with other players. On November 6, 1996 Michael scored 50 points for the 36th time in his career! Jordan eclipsed the 25,000 career points total, and he continues to dominate in that statistical category. He was the tenth player to score that many points, accomplishing the feat against San Antonio on November 30, 1996, with his 35th point of the game. On January 4, 2001 Michael Jordan scored his 30,000 career point, becoming the fourth player in NBA history to reach the 30,000 point milestone.

North South Relations Theory

Edward Chien April 5, 2013 North-South Relation Research question: What is the cause and effect of North-South divide? And why is the South experiencing such slow economic growths? What are some solutions to resolving the North-South relation problem? North South relation theory is defined as a socio-economic and political divide between two hemispheres. The North consists of North American, Western Europe, Australia, Japan, and East Asian countries; whereas the south is made up of Africa, Latin America, and South East Asia.The North is considered to be much more economically developed and modernized compared to the South, where there is widespread poverty and slow economic growth. In this paper I will examine the causes and effects of North-South divide. There are many causes to the North-South divide, but I think it is strongly related to colonialism. I am talking about modern colonialism, whereby rich nations are now scrambling to get the best bargains from the poor countries. Ric h countries have relaxed their immigration policies to attract wealth and human capital from poorer countries.This is considered as robbing talents and it is a new form of colonialism that seems to be legitimate. If we look back in history, colonialism is done through coercion and threats, which is outlawed in today’s world. During the colonial era, British trading companies drained wealth from its colonies in Africa by extraction of natural resources and refused to develop social infrastructures. In today’s world, we have a new form of colonialism, which is equally devastating, but is much more subtle and less violent.We see a large number of young and skilled professionals of underdeveloped countries moving to rich countries because they are attracted by new possibilities in more developed countries. â€Å"People are eager to migrate to countries in the South in attempts to better their life standards and get their share in the perceived prosperity of the North†¦South and Central Americans want to live and work in North America. Africans and Southwest Asians want to live and work in Europe. Southeast Asians want to live and work in North America and Europe† (Rafael, 2007, 556).Migration of skilled workers from the South is a serious concern for undeveloped countries. When skilled workers leave the South, they bring with them knowledge, capital, and economic productivity with them to the North. This facilitates an uneven distribution of technological innovation. For instance, if an structural engineer from the South leaves his country, the country loses human capital and essentially both economic productivity of this individual as well as income tax revenue.Now, when skilled labors are migrating in a large proportion, then it the effects are even more detrimental. â€Å"Though the proponents of globalization argue that it ushers in an unprecedented flow and circulation of people which has never been witnessed before in history, the critics of globalization have shown us that the scale and complexity of human movement that is currently occurring has solely benefited the rich nations† (Timsina, 2011). The loss of skilled labor due to migration is a main cause to why undeveloped countries are not experiencing economic growth.In order to solve the problem of migration and help undeveloped countries generate higher economic growth, I would propose that rich countries adjust their immigration policies. Policies should not be geared toward excessive importation of highly skilled and production young people because these people are the future of their country and without them, there will be little economic growth. But simply changing immigration policies of rich countries are not enough; I think there should also be strong monetary incentives on part of undeveloped countries to retain their skilled workers.For instance, I think doctors, nurses, engineers, and technicians from poor countries should be given an in come equal to income given in rich countries; the government should be able to subsidize their annual salary if necessary. Another important cause of North-South divide is that there is capital constraints and governmental corruption in less developed countries. When government officials corrupt and steal from tax revenue, money is directed into individual pockets rather than building public infrastructures.Corrupted money are usually deposited aboard; for example in China, a report unveils that â€Å"the number of government and Party officials who fled the country since the mid 1990s was between 16,000 and 18,000 and the embezzled capital nearly 800 billion Yuan, which is $123 billion dollars† (Chen, 2011). The report also says that corrupted officials are mostly public security officers, high executives of state-owned companies, and member of the judiciary; these government officials lack the confident in the current system in China and believed that their assets and futur e is safer abroad, usually in developed countries.Thus, I would suggest countries in the South that are less developed to strengthen property rights for its citizens. If government officials do not even trust the country in which they serve, they will not serve their country wholeheartedly. There are many problems when capital flight and government corruption takes place. For example, when money goes into individual pockets, society will be left with little improvement in basic public and social infrastructures; the majority of the people will continue to have low living standards, and the country will not be modernized as quickly.This is prevalent in African countries where authoritarian regimes dictate politics. Plus, in developing countries where population growth is very high, the amount of capital per person available for people declines as population grows. There is no much capital to start with and if net capital accumulation is declining due to corruption, poor countries wil l only get poorer in the long run. Bribery is one of the main tools of corruption, often used by private parties to â€Å"buy† things that are provided by the government.For instance, private actors can bribe and influence the government’s choice of firms to supply goods and services through contracts. If business people and government officials are working together to make money, then there is usually monopoly in the market. The government can create barriers of entry and prevent competition from entering to take market share away from their business partners or client. This will usually result in high product prices and little foreign direct investment due to unfair practice in the market.These practices by the government put their country in a vicious developmental cycle that entails slow economic growth in the long run. I think foreign intervention into domestic politics of another country is a violation of sovereignty rights and so it is very hard to solve the pro blem of government corruption from the outside. If a developing country wants to transform itself and become a part of the North, then it’s government must be willing to resist the temptation of corruption, or at least control their level of corruption sustainably.I think we will have to look at some success stories before we formulate a solution. Government intervention is a very important part of developing countries; historically, successful transformation and rapid economic growth are only achieved through state-led programs and government intervention. If we look at the early stages of economic development in South Korea and Taiwan, we will see that there is widespread state involvement and state guidance. Both South Korea and Taiwan were ruled by a military regime from the 1960s to the 1970s that focused heavily on heavy industrialization.Park Chung Hee utilized his experience with Japan’s wartime economic management in Northeast China and applied the model in So uth Korea. He created the economic planning board, ministry of trade and industry, ministry of finance, and moved away from import substitution to an export oriented trade policy. In Taiwan, Chiang Kai-Shek was the military leader and he introduced a similar economic development model, he nationalized the banking system in Taiwan and employed a very conservative approach toward liberalism. During his reign, about 71. % of the assets of all financial institutions were concentrated in the hands of government-owned banks. This approach was highly beneficial to the financial sector in Taiwan because it reduced volatility in the stock market and limited speculative investment from foreign investors; this approach also helped Taiwan avoid the effects of the Asian Financial Crisis in 1997. Both Taiwan and South Korea are small economies compared to other Western countries, but they were very successful in their state-led economic development.I think the biggest take away that we can learn from the economic model of South Korea and Taiwan is establishing effective government intervention in the economy. An efficient government in a developing country should prioritize equity and economic growth before anything else. I would suggest governments in developing countries to invest heavily in human capital, such as health, education and nutrition. Public and social infrastructures are also extremely important and they include roads, power distribution, water and sanitation.Last and the most important type of capital is public institutional capital, which includes a well-run bureaucracy, judicial system, and law enforcement capabilities. Having a strong government intervention is essential component that will help the South transform itself into a North economy. And it is historically proven to be possible when we look the economic miracle in South Korea and Taiwan. Another reason that some South economies are not moving toward a more advanced economy is because it is disad vantaged geographically. We called these countries landlocked developing countries (LLDC).A report estimates that â€Å"Landlocked countries that rely on transoceanic trade usually suffer a cost of trade that is double of their maritime neighbors, and they on average suffer a economic growth of 6% or less compare to their non-landlocked countries† (Hagen, 2003, 13). Theses countries are mainly located in Sub-Saharan Africa. And since these developing countries are primarily focused on exporting natural resources, they incur high transportation costs due to distance and terrain barriers to the ocean; this cause them to lose competitive edge for exports from non-landlocked countries.Furthermore, they also lack direct access to sea routes and are largely isolated from the world market. However, I think there is ways to solve this problem but it requires cooperation with non-landlocked neighboring countries. If we look at Europe, we see that landlocked countries can also become p rosperous economically when there is a well-developed public infrastructure system like roads and communication. If Sub-Saharan African countries want to compensate for its geographical disability, then they should strike negotiation with non-landlocked countries and improve cooperation in developing public infrastructures.Furthermore, they should also try to â€Å"reduce administrative burdens associated border crossings such as bureaucratic procedures, paperwork, custom charges, and traffic delay† (Faye, 2004, 47). This will allow easier access between both countries and increase the volume of trade that is mutually beneficial. Again, this goes back to the importance of government intervention into the market because trade negotiations can not be with good diplomacy; it does not matter if your economy is good, as long as you are landlocked and have no access to a seaport for exportation, then trade volumes will remain low.South economies are also undeveloped due to demograp hic reasons. Many least developed countries have extraordinary high population growth rates, which is caused by little to education and employment that leads to higher fertility rates. When people are not educated, â€Å"families in societies where children are needed to work on subsistence farms tend to have more children, especially in places where infant and child mortality is high† (worldsavvy. org, 2008). When there is high population growth, poverty typically grows as well.In fact, majority of the less developed countries have a large young population due to low life expectancy rates, and these young people have little employment opportunities. A report says, â€Å"Developing countries tend to have a disproportionate number of citizens under the age of 30, which creates a large pool potentially restless and unemployed youth who live in a society without sufficient employment opportunities and often with many groups, militias, and militaries to which young boys in parti cular are often drawn.It is calculated that when the youth population of a country reaches 35%, the risk of armed conflict goes up by 150%† (worldsavvy. org, 2008). A large young population is beneficial to the country only if they are educated and working to generate economic growth; if they are not doing this, then they are most likely wasting resources and perhaps even contribute to high crime rates. Thus I would suggest that there should be government intervention in areas related to healthcare and education when it comes to demographic pressures.The government should plan and develop the country as a whole and not merely focus on modernizing certain cities while leaving rural areas undeveloped. More employment opportunities should be provided through public programs such as construction of social infrastructures. I have explained several main causes of why there is a North-South divide in the world. The South is failing to transform itself due to reasons such as capital f light, migration of skilled workers, government corruption, inefficient government policies, geographic disadvantages, and demographic challenges.I also offered solutions to deal with each problem specifically; I believe that if less developed countries can implement these solutions, then there is a chance for a South economy to transform itself to a North economy just like South Korea and Taiwan. Bibliography Mimiko, Oluwafemi (2012). Globalization: The Politics of Global Economic Relations and International Business. Durham, N. C. : Carolina Academic. pp. 48–54. Mimiko, N. Oluwafemi. Globalization: The Politics of Global Economic Relations and International Business.North Carolina: Carolina Academic Press, 2012. 47-54. Print. Kacowicz, Arie M. â€Å"Globalization, Poverty, and the North–South Divide. † International Studies Review 9. 4 (2007): 565-580. Academic Search Complete. EBSCO. Web. 23 Oct. 2009. Therien, J. P. Beyond the north-south divide: the two tal es of world poverty. Third World Quarterly. pp. 723–742. Preece, Julia. â€Å"Lifelong learning and development: a perspective from the ‘South’† Compare: A Journal of Comparative and International Education 39. 5 (2009). 23 Oct. 2009. http://en. wikipedia. org/wiki/North–South_divide