3/27/2020 0 Comments Bretton Wood System Coursework Example | Topics and Well Written Essays - 1250 wordsBretton Wood System - Coursework Example The countries had control over their own monetary systems. The Bretton Woods system was very effective in these situations. However, currently, the environment has changed. The economies have united and markets have become more liberalized. As a result, the stability of the economy depends on the global economy. This explains why the financial crisis of 2008 had a major effect on different countries across the world. In the meantime, many of the countries are interconnected. Therefore, one crisis affects different economies. As a result, it is the high time that the country transforms rather than reform the institutions that were originally part of the Bretton Woods system. This is in order to put up mechanisms that will fit with the new global challenges. Moreover, the new strategies will be future oriented, an aspect that will create an opportunity for different countries to set up policies that will protect their vulnerable institutions. This will play a significant role in reducing the negative impacts that result from increasing levels of globalization. “For many people in the developing world, the international finance institutions of the Bretton Woods system are yet another form of neocolonial exploitation.†Many of the funds being given to these countries are not in form of grants but, loans. These countries are already struggling with internal issues. Most of these loans are being used to support the operations of the governments such as paying salaries. This has increased the burden to the current generation and the future generation that will live in these countries. As a result, the helping hand is becoming a curse to even the unborn. Little change is being seen when using the current systems. As a result, it is the high time that the institutions transform in order to serve the changing needs of the people in the world. Since the launch of millennium development goals a decade ago,
0 Comments
Bmw - Essay Example According to the sustainable leadership model, the long term growth could only be attained by the BMW through acquiring a wider perspective beyond the profit making interest of the organization and establishing a strong network between the management and the stakeholders. The constant focus of BMW in supporting the growth of network of its communities has enabled the organization to encourage communication and interchange between the stakeholders of the organization. The sustainable leadership model of BMW could be illustrated with the help of Sustainable leadership pyramid as depicted in Figure 1 as given below (Avery and Bergsteiner, 2011). There are three level of this sustainable leadership model incorporated at BMW. The leadership model includes high quality practices at BMW which are supported by key performance drivers in the organization in order to achieve the ultimate business performance outcome. The management of BMW aims to retain their employees by constantly developing the quality of manpower. The labour relations are also given due importance in the leadership style. This has helped the organization to connect their employees with the goals of the management. The leadership model has emphasized in attaining independence from the financial markets and economic fluctuations. This has helped BMW to withstand economic crisis like the global financial crisis. The company has ensured ethical business performance and has valued the activities of corporate social responsibility. All these activities are undertaken in the leadership style at BMW in order to achieve independence from the financial up and downs in the economy and at the same time integrate the business with the stakeholders and communities in different markets. The key factors in the sustainable leadership style that has driven the business performance at BMW are the initiative of team work, establishing healthy culture in the workplace, retention and
|