Just-in-Time (JIT) Techniques Assignment Example | Topics and Well Written Essays - 1000 words

Just-in-Time (JIT) Techniques - Assignment Example Thus by thinking about the problem the problem it can be viewed and finally when the problem eventually becomes clear leads to kaizen. If one makes it a rule to deal with defects only after they occur and thus the number of its staffs tends to fall. Therefore, things that are running smoothly should not be subject to any control. If you commit yourself to just finding and fixing problems, you'll be able to carry out effective control (within an organization) with fewer personnel†. This concept is very well applied in Toyota. Since everyone at Toyota is involved equally at the business improvement plan. The people at Toyota participated in the meetings which are held regularly and discuss the progress and also consider the new initiatives. Thus, everyone at Toyota is expected to contribute and all the ideas are equally listened to by the management of Toyota. Unlike other organization there are no suggestion boxes in Toyota as people are not afraid to talk about the new ideas an d plans (Hope & Player, 2012, p. 211). The success of Toyota an automotive company has been able to achieved success with the techniques of lean which is monitored by most of the organization (Blanchard, 2007, p. 97). According to the managing director of Toyota, the long principle of Toyota production System (TPS) will continue to work with the system of Just In time and will not change in the future and its production is able to meet all the upcoming challenge. Just in time revolves around the concept of producing of only what is needed and thus transferring only what is needed. Instead of the system of push system, it represented only to the pull system where the workers get and fetch what is required. Tools, such as the Kanban (the information card); and on the display board, as well as poka yoke the error prevention, was developed in order to implement the pull strategy (Toyota, 2012). The Toyota Production System had the ability to fulfill the demand of the customers efficient ly and promptly by way of linking the production to market place. JIT relies on the process of assembling the sequence only when they are required and needed (Toyota (A), n.d). Just in time offers a continuous, smooth and an optimized workflow with measured and careful work cycles and with the on demand movement of goods, materials capacity and reduce the cost of the time wasted. The members of the team can concentrate on each of their task without any interpretation which finally leads to better quality; deliver at the given time and of course peace of mind for the customers of Toyota. Potential Benefits — and Drawbacks — of Such JIT Techniques Are Limited to Large Manufacturing Businesses or Whether They Have Wider Applications for Other Organizations Benefits and Drawbacks Just in time has benefited many of the organization in many different ways and some of the benefits includes such as with the help of just in time the set up time can be reduced which allows the o rganization to eliminate the time needed to set the inventory; the flow of inventory increases from the warehouse to the selves; employees with multi skills are used at an effective and efficient way. Employees with multi skills allows the companies to move the workers to the required department with ease and confident; the relationship between the suppliers and the

Dream Interpretation Essay Example | Topics and Well Written Essays - 3250 words

Dream Interpretation - Essay Example Thus, the attitudes or responses vary due to the particular contexts. "An attitude is the predisposition to respond in a certain way (Fernald & Fernald, 2003)ii". Undeniably, people intend to satisfy desires by their performing attitudes in day-to-day lives. It is unanimous that dreams are psychologically significant and meaningful expression that meant the implication of the life of the dreamer and connotes a specialty of the occurrences of life. 'The Interpretation of dreams' by Freud has added a new dimension in the development of psychoanalytic explanation requiring the successful dream analysis. The book has opened the floodgate in dream interpretation and helped people bringing an epoch making change in this concern. Prior to the emergence of Freud's theory, the ongoing explanation regarding dream interpretation advocated that dream is the manifestation of mental activity of human being during sleep. With the arrival of the eminent book by Freud, the period of 19th century being marked as the turning point bringing a revolutionary change in global context for dream analysis. Due emphasis is stressed on the neurotic symptoms in interpreting the dreams as the thoughts and ideas of people in awakening hours become visible in dreaming. In regard to the length and clarity of the dreams perceived, there are two sorts of dreams as categorising manifest dreams and latent dreams. Manifest dreams are consciously perceived and subsequently remembered just after the dreams are being dreamt while the dreams that cannot be easily remembered and seemed quite vague are the latent dreams. Of course, in many cases people cannot remember what they experienced in dreaming just with the awakening from the sleeping. This missing of the incidences of dream may be the result of the existence of some repressive forces. The core reason behind the manifest dream is the conglomeration and dominant presence of some latent thoughts. Such manife st dreams mirror the fulfillment of the wishes as regards the issues about which the dreamer was not conscious. However, they were left in the unconscious part of the mind. For instance, if someone expects to satisfy his or her hunger for food or money, is subject to dream the same. In this connection, an excellent example has been drawn by Freud stating that a medical student who routinely is to report to the hospital early in the morning with a view to making rounds, dreams of lying in a hospital bed, and continues to sleep, comforted in the thought that she is already in the hospital. As regards the correspondence of wishes with dreams, there are certain objections since the wishes may not be equally good rather to some extent subject to be hostile in nature. Such hostile or adverse wishes may certainly drive the dreamer to take some repressive actions or dream alike things. At the same way, a dreamer who wishes to do better for someone may dream that he is doing so or rescuing anybody from the net of danger or adverse situation. Psychological Explanation As every dream has a psychological structure, it is significant to hold that every dream has a psychological explanation. Hence, much significance of psychological interpretation is laid on it. The obscurity or clarity of the dr

The most persuasive of three models of attorney-client relationship Essay Example for Free

The most persuasive of three models of attorney-client relationship Essay While in the attorney-client relationship, lawyers face three obligations in performance.   First, they must assume the duty of fully investigating a client’s case.   Lawyers should seek out all relevant acts.   This information is necessary to provide the client with an effective counsel.   The second duty is zealous client advocacy. These duties are sometimes at odds with the third duty which is the obligation of lawyers to the court.   All active lawyers are officers of the court and therefore, hold certain responsibilities.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   It has been argued that only two of the above three obligations can be met at any given time.  Ã‚   Dean Freeman is quoted as saying, â€Å"To convert the defendant’s only champion into yet another member of the state’s legions seems an unnecessary and offensive step.†   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The first and second obligations are in place to insure zealous advocacy; and the third is essential for lawyers to participate in the judicial system as it is designed. (Retrieved on 11/17/06 from source: http://www.findarticles.com/p/articles/mi_qa3975/is_200207/ai_n9119407)   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The ABA has promulgated three model codes of lawyers since 1908.   The Canons of Ethics in 1908 was first.   This established many rules and codes that are still in effect today.   One thing the Canons did was to ban lawyers from advertising, except in the case of handing out business cards.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The Canons were the ABA’s direct response to President Roosevelt’s 1905 criticism of lawyers as â€Å"hired Cunning†, or, those who, for lucrative fees, undermined the public interest by their representation of corporation and wealthy individuals.   These Cannons were adopted and were the legal profession’s authoritative statement of how a lawyer should act. (Retrieved on 11/17/06 from source: www.bryancave.com)   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     The 1908 Canons included the duty of an attorney to keep a client’s secrets. This element of confidentiality is the duty I hold most important.   The Canons of 1908 set the premise of trust in the minds of the general, lawyer seeking public.   Attorneys can be more persuasive to their clients in regards to gaining their trust, if the client knows their secrets will be kept and confidentiality is firmly in place.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     The American Bar Association Model Code of Professional Responsibility was created in 1969.   This was a set of professional standards intended to guarantee the minimum legal ethics and responsibility of lawyers in the U.S.   It was ultimately replaced with the Model Rules of Professional Conduct after the Watergate scandal.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   While I do feel all three model codes are important, the Canons are most persuasive in my book as they lay a firm base for what is expected from today’s lawyers:   Confidentiality, competence, honesty, loyalty and client’s access to progress through exchange of information. (Retrieved on 11/17/06 from source: www.dcbar.org)

Role Of Project Manager In Communication Management Plan Management Essay

Role Of Project Manager In Communication Management Plan Management Essay The role of a project manager in project communication management consists of Identifying stakeholders, Planning communications, Distributing Information and Managing Stakeholder expectations and Reporting performance A key role of the project manager is to create a communications management plan to analyze stakeholder communications needs and disseminate important information efficiently. Richer forms of communications should be used for important objectives The Tuckman model developed by Dr. Bruce Tuckman in 1970 describes 5 stages of team development such as Forming, Storming, Norming, Performing and Adjourning If project managers depended too heavily on money, penalty or authority, the project was more likely to fail compared to work challenge and expertise which were more influential Project Managers should set an example by leading their teams such that the team members should know how to deal with conflicts, where team members work out small conflicts amongst themselves before elevating them to the higher ups Project managers and team members could use these strategies such as confrontation, compromise, smoothing, forcing, withdrawal and collaboration Project practitioners should adhere to the PMIs Code of Ethics and Professional Conduct in dealing with conflict amongst team members. 1. Introduction: There are four core knowledge areas of project management that deal with project scope, time, cost and quality management which help in defining the specific project objectives. Human resource, communications, risk and procurement management are the four facilitating knowledge areas. These four facilitating knowledge areas are processes that help in achieving the project objectives and hence are important. The greatest threat to any project is the ineffective communication between the project manager, team and the key stakeholders. Many problems in completion of projects are attributed to unclear scope or unrealistic schedules which indicate communication problems between the project manager, team and stakeholders. It is crucial for project managers and their teams to understand Project communication management. Project communication management deals with generation, collection, dissemination and storing of project information (Schwabe, 2010) This next section deals with the role of a project manager in a communication management plan and the elements involved in it. Further sections show how project managers establish team culture, the characteristics of motivation, conflicts, strategies on conflict resolution and ethical behavior in dealing with conflicts. 2. Communication : Communication is very important for the success of any project. It is also closely related with team work and team building and hence also affects how conflicts happen. A communication management plan for the entire project is very necessary. The role of a project manager in project communication management is given as follows: a. Identifying Stakeholders : This stage identifies the people involved in or affected by the project. The project manager creates processes and manages relationships with them. The project manager must create a Stakeholder register and Stakeholder management strategy. b. Planning communications : This stage identifies the communication needs and the channel of communication required by the stakeholder. A communications management plan and project documents update are required made by the project manager. c. Distributing Information and Managing Stakeholder expectations : The Project manager makes important information available to project stakeholders efficiently and in a timely manner, such that it satisfies the communication needs and expectations of the project stakeholders. Formal or informal plans, procedures, policies are the output of this stage. d. Reporting Performance : A project manager collects and reports project performance information to the stakeholders in the form of status reports, forecasts and progress measurements (Schwabe, 2010) Developing information and making it available to all the stakeholders is an important function of the project managers and team. Project managers and their teams must decide the recipient of the information and distribution channels for the information. They should also decide on the format of the information, such as written reports or meetings etc. A key role of the project manager is to create such a communications management plan to analyze stakeholder communications needs and disseminate important information efficiently. According to the Daft and Lengels Media richness theory, the richness of the media in communication is directly proportional to the time and cost spent on it. Hence face to face communication is preferred to email because of better communication but it is more costly and more time is spent. Thus richer forms of communications should be used for important objectives (Markus L, 1994) 3. Establishing team culture Team work and people management are the most important issues in project management. Establishing and motivating teams are interlinked with communication and are important to understand before understanding conflict and the ethical issues related with conflict. Belbin observes that, The essence of a team is its members form a co-operative association through a division of labor that best reflects the contribution that each can make towards the common objectives. To establish a team the project manager can use the following graphical techniques: Work Breakdown Structures shows major tasks broken down into smaller tasks Linear Responsibility Charts shows relationships between tasks and people Organizational Hierarchy Charts shows structure of a project team or organization The Tuckman model developed by Dr. Bruce Tuckman in 1970 describes 5 stages of team development such as: Forming an important stage of introducing team members either at initiation, or as new members are introduces Storming team members have different opinions on how a team should work. Usually conflicts occur during this phase Norming team members have developed common working method and cooperate with each other Performing Team members are likely to build loyalty towards each other. Team can cope with greater change and complex tasks. Adjourning After completion of work and successful reaching of goals, this stage consists of the break-up of the team (Cadle and Yeates, 2001) This model gives a brief idea about where conflict occurs within a team and at what stage. This could be used by the project manager to handle conflicts effectively during the storming stage. Establishing the right balance of roles in any team is crucial in avoiding or resolving conflicts. In a successful team there is a good combination of different personality types. According to Meredith Belbin a successful team needs the following combination of roles: The chair calm, strong and tolerant individual The plant an individual who generates ideas The monitor-evaluator Evaluates ideas The shaper an individual who focuses on the objectives The team worker helps create a good working environment The resource investigator finds information and resources for the project The completer finisher checks details, deadlines, proof reads The company worker works hard, similar to team worker (Belbin, 1996) A good blend of different personality types in a team will help in formation of less conflicts and resolving conflicts faster. According to Patrick Lencioni, lack of teamwork could lead to a) Absence of trust b) Conflict c) Lack of commitment d) Avoidance of accountability e) Inattention to results which could lead to failure of organizations. The team consists of individuals with different needs and expectations from the team. Motivation plays a very crucial part in the development of a team and its individuals as discussed in the next section 4. Motivation : To understand the various factors that influence motivation we need to understand the hierarchy of needs of an individual. In the late 1940, Maslow suggested that people are motivated according to their circumstances. In this theory is the idea that the employees needs have to be satisfied from the bottom up as shown in Fig. 2. The bottom level consists of basic survival and safety needs. The need for belonging and to be part of a group or a team comes second. The fourth level is about the ego and esteem needs and the final level is the personal fulfillment level. Project manager and project team members need to understand their respective motivations with regards to social, esteem and self actualization (Cadle and Yates, 2001) Self-actualization Personal growth and fulfilment personal growth and fulfilment Esteem needs Achievement, status, responsibility, reputation achievement, status, responsibility, reputation Belongingness and Love needs Family, affection, relationships, work group, etc family, affection, relationships, work group, etc. Safety needs Protection, security, order, law, limits, stability, etc protection, security, order, law, limits, stability, etc. Biological and Physiological needs Basic life needs air, food, drink, shelter, warmth, sex, sleep, etc basic life needs air, food, drink, shelter, warmth, sex, sleep, etc. Fig: 2 Maslows Hierarchy of Needs Some of the methods employed by project managers to motivate or influence team members to work towards achieving a successful project are: Authority PMs right to issue orders Assignment allocating duties Budget Authorization of funds by PM Promotion Money Pay rise and benefits Penalty causing punishment by PM Work Challenge such that it motivates the team member Expertise PM commands respect from team members based on his special knowledge Friendship ability to establish friendly relations Thamhain and Wilemon found that if project managers depended too heavily on money, penalty or authority, the project was more likely to fail compared to work challenge and expertise which were more influential (Schwabe, 2010) Some of the factors that affect motivation of employees are as follows: Environment Manipulation Scheduling pressure Lack of appreciation Technically inept management Lack of involvement Low quality 5. Conflict Resolution and Ethics The possibility of conflict between team members is always possible unless good communication isnt observed. Some of the common reasons for conflict between team members are as follows Scheduling Project priorities Human resources Admin procedures Personality clashes Costs Technical opinions and trade offs Project managers should help identify and manage conflict by using their human resources and communication skills. Project Managers should set an example by leading their teams such that the team members should know how to deal with conflicts, where team members work out small conflicts amongst themselves before elevating them to the higher ups. The project manager must separate people from the problem and use negotiation to resolve dispute. Unethical behavior should be avoided by both the parties. Negotiation amongst project manager and team members such that: Focus on interests: negotiator needs should keep in mind the interest of the parties to the dispute as against the position the parties have drawn up Inventing Options for mutual gain: Negotiator should find win-win solutions such that no party compromises on the project objectives Insist on objective criteria: negotiator should determine the quality of outcomes rather than positions. According to Meredith and Mantel, negotiation skills are particularly required a) when using subcontractors b) different teams are brought together to work on a task c) during change management. In the event of a conflict, the following principles of negotiation should be adopted: Without damaging the project objectives the conflict must be resolved Honest negotiations must take place All parties should be satisfied by the solution to the conflict (Schwabe, 2010) Strategies for resolving conflict Project Managers and team members could make use of the 5 basic modes of conflict resolution as suggested by Krezner in 2003 1. Confrontation: Project managers directly face conflict in the confrontation mode by using a problem solving approach such that affected parties work through their disagreements towards a win-win solution. This is the most preferred method of conflict resolution amongst project managers (Schwabe, 2010) 2. Compromise: Project managers adopt the compromise mode to bargain and search for solutions that bring some degree of satisfaction to the parties in dispute, similar to give and take attitude. 3. Smoothing Project managers adopt the soothing mode such that they de-emphasize or avoid areas of conflict and emphasize the area of agreement 4. Forcing Forcing mode is also termed as the win-lose approach such that a competitive or autocratic project manager exerts his viewpoint at the potential expense of another team members view point. 5. Withdrawal This is the worst conflict-handling mode where project managers retreat from a potential or actual disagreement and hence called the withdrawal mode 6. Collaborating This is a fairly recent conflict resolution mode called the collaborating mode, where different viewpoints and insights are encouraged by decision makers to develop consensus and commitment Successful project managers also use collaboration and compromise to resolve conflicts. Smoothing, forcing and withdrawal are hardly used by successful project managers for resolving conflict. A standard process for resolving conflict could be detailed as follows: Identify conflict and discuss with stakeholders Gather information Analyze solution List options for conflict resolution Decide conflict resolution mode Carry out conflict resolution Ethical Behavior in dealing with Conflicts Project Managers and their team members are required to make ethical decisions in personal and professional lives. In terms of conflict resolution too, project management practitioners should conduct their jobs in an ethical manner. According to the PMI Code of Ethics and Professional Conduct present on the website, the practitioners should behave in the following manner with regards to professional integrity and conflict resolution We make decisions and take actions based on the best interests of society, public, safety and the environment We fulfill the commitments that we undertake we do what we say we will do We accept only those assignment that are consistent with our background, experience, skills and qualifications We inform ourselves about the norms and customs of others and avoid engaging in behaviors they might consider disrespectful We listen to others points of view, seeking to understand them We approach directly those persons with whom we have a conflict or disagreement We demonstrate the transparency in out decision-making process We constantly reexamine our impartiality and objectivity, taking corrective action as appropriate We proactively and fully disclose any real or potential conflicts of interest to appropriate stakeholders We earnestly seek to understand the truth We are truthful in our communications and in our conduct (PMI Code of Ethics, 2010)

Dr. Jeffrey MacDonalds Fight for Innocence Essay -- Dr. Jeffrey MacDo

Dr. Jeffrey MacDonald's Fight for Innocence Debated as one of the most misrepresented cases in American legal history, Dr. Jeffrey MacDonald still fights for innocence. Contrary to infallible evidence, prosecution intentionally withheld crucial information aiding MacDonald’s alibi. Such ratification included proof of an outside attack that would have played a major role in Jeffrey’s case. Convicted for the murders of his wife and two kids, thirty-four years ago, Dr. MacDonald still endures the agony of being accused of killing his family. Even after twenty-four years of imprisonment and several unlawful court hearings, additional documentation continues to up hold Dr. MacDonald’s testimony. It happened on a rainy night on February 17, 1970 at the base of Fort Bragg, North Carolina. Military police were responding to a call from Green Beret surgeon Dr. Jeffrey MacDonald, which they thought was a routine call. When the military police arrived they discovered the slaughtered bodies of MacDonald’s wife, Colette, who was twenty six, and his two daughters Kimberley, five, and Kristen, two. A MP who preformed mouth-to-mouth resuscitation revived Dr. MacDonald. He told the police he and his wife stayed up drinking some orange liquor. She went to bed and he stayed up to finish watching the Johnny Carson show. MacDonald fell asleep on the sofa. He was awakened by screams of his wife and daughters. MacDonald claimed that three men standing over the sofa started to attack him with a bladed weapon and a baseball bat. He identified the person holding the bat as a black man with an army jacket with E-6 stripes and two white men, one carrying the bladed weapon. Before he was knocked unconscious he said that there was a lady in the back with a large floppy hat, holding a candle and was saying â€Å"acid is groovy† and â€Å"kill the pigs.† When MacDonald woke back up he found his wife lying on the ground, and tried to revive her with mouth-to-mouth resuscitation with no success. He then found his daughters and tried to help them. This is when he called for an ambulance. The Army CID sent a new, inexperienced investigator named William Ivory to investigate the scene. Ivory decided after looking around the house that MacDonald made up the story of the killers. He also persuaded everyone that he was the culprit. This meant that everyone in Ivory’s chain... ...t his the evidence in front of a jury. Still believing in his innocence Jeff is filing for parole after fourteen years of eligibility. He is hoping to meet parole board criteria so he can be released on parole. This is a good case to show how it isn’t always the poor, black, or Hispanic groups getting tried for something they haven’t done. It shows that a white doctor could get his life destroyed by an unfair Judge and prosecutors. Works Cited Briscoe, Daren, MacDonald Wants Out. Newsweek, January 24, 2005. Vol. 145, Issue 4, p8, 1/4p, 1c. Retrieved from EBSCO database on the World Wide Web: http://web3.epnet.com/ Briscoe, Daren, The Green Beret Murders Haven’t Given Up. Newsweek, August 30, 2004. Vol. 144, Issue 9, p6, 4/5p, 1c. Retrieved from EBSCO database on the World Wide Web: http://web3.epnet.com/ Http://www.themacdonaldcase.org/case_overview.html Http://www.crimelibrary.com/notorious_murders/family/jmacdonald/2.html?sect=12 The Associated Press, DNA Tests for Jeffrey MacDonald/ Former Physician Seeks Evidence in 1970 ‘Fatal Vision’ Slayings. Newsday. March 24, 1999. Retrieved from eLibrary on the World Wide Web: http://elibrary.bigchalk.com/libweb/

Response to Article College is a Waste of Time and Money Essay

The key and initial forces/factors that help children receive a good education are parents’ support, the child’s confidence, and the drive to learn. In The Joy of Reading and Writing: Superman and Me, Sherman Alexie demonstrates each characteristic, strives through obstacles and shines through it all. According to therapist, Anna Robinson, the first and key factor in children receiving a good education is parents’ support. Anna discovers that when children come into her office, one key initial common thing the children posse is lack of hearing their parents encourage what they are doing and not pushing them enough. For example, in The Joy of Reading and Writing: Superman and Me, Alexie’s dad doesn’t say anything but encourages Alexie with by collecting books from everywhere. Alexie taught himself how to read first by â€Å"reading† Superman comic books. Now the word reading has parentheses around it because Alexie looks at the pictures and assumes what Superman is doing and saying. â€Å"I look at the narrative above the picture. I cannot read the words†¦.. Aloud, I pretend to re...

Political Economy in the Asia Pacific

The political economy of countries can be considered interdependent, as they influence each other and experience change simultaneously. This interdependency affects the level of economic wellbeing of countries, including the economic conditions and stability of a country. The political economy of a country encompasses the political, legal and economic systems influencing the country’s economy. Jevons (1880) described political economy as the wealth of a country and the reasons contributing to differences in wealth between countries (p. 7).The political system of a country heavily influences the way in which a country operates, and often affects other countries that it actively deals with. Differing legal systems, laws and regulations of countries can also impact other countries. Similarly, the economic systems and changes in a country’s economic position can impact other countries, and at times, their economic wellbeing. Whilst the political, legal and economic systems of some countries are interdependent, disruptions to interdependency must also be considered when assessing those countries’ reliance on each other.Several factors can hinder their interdependency, including comparative advantage not being followed, a strong focus on regionalism and inefficient free trade agreements. Political decisions imposed by Governments can affect the political economy and often the wellbeing of countries. Government decisions, including laws and policies, affect society as a whole (Hill, Cronk, & Wickramasekera, 2011, p. 236). There are two main forms of political systems: democracy and totalitarianism.Democracy is a system where the citizens govern the country through their elected representatives (Hill et al. , 2011, p. 245). Examples of democratic countries in the Asia Pacific business region include Australia and Thailand (Department of Foreign Affairs and Trade, 2008) (U. S Department of State, n. d. ). Totalitarianism refers to a system where one person or political party has control over all citizens, restricting political freedom (Hill et al. , 2011, p. 245). Totalitarianism is seen in China and North Korea (Jianming, 2010, p. 2) (Lim, 2009, p. 10-114). These differing political systems can affect economic relations between countries. An example of this is the view that democratic countries are more willing to trade and participate in international business with other democracies, than with totalitarianism countries. Democracies share similar values and laws on intellectual property rights. It is also believed that peace is more prevalent in democracies, enabling a higher ease of trade (Rosendorff, P. 2000). We see this in Australia’s preference for trade with the US rather than with China.In September 2010, the Department of Foreign Affairs and Trade reported that Australia had an ‘economic relationship’ (measured on trade in commodities, services and two-way investment) with the US worth over AUD$860 billion, compared to less than AUD$100 billion with China. The strength of the economic relationship between Australia and the US is believed to relate to each countries’ strong democratic values and from the US and Australia being strong allies, due to similar political practices (Sheridan, 2011). The varying political decisions and policies made by Governments can also impact other countries.With globalisation being so prominent today, the interdependency of a country’s political decisions is apparent. Globalisation dramatically increased after World War II, with many of the worlds’ major trading countries lowering trade barriers, including tariffs and quotas, after years of favoring local industries (Griffin & Pustay, 2010, p. 38). According to Friedman (2000) globalisation is defined as ‘the inexorable integration of markets, nation-states, and technologies†¦in a way that enables individuals, corporations and nation-states to reach around the wor ld farther, faster, deeper, and cheaper than ever before’ (p. ). This integration of economies suggests that Government decisions affect the economic wellbeing of other countries. An example of this is the recent temporary ban of live cattle exports by the Gillard Government in Australia, in response to perceived animal cruelty towards Australian cattle in Indonesian abattoirs. David Farley, CEO of the Australian Agricultural Company, Australia’s largest beef company, reported that the ban cost the company up to AUD$8 million. He also stated that Australia’s reputation in the international trading market was damaged by the temporary ban (O’Brien, 2012).The political decision to temporarily ban live exports to Indonesia caused financial loss for the Australian cattle industry and affected Australia’s political relations with Indonesia, with the Indonesian Government stopping imports of live cattle from Australia in December. Bayu Krisnamurthi, the D eputy Agriculture Minister of Indonesia, commented that Australia had discriminated against Indonesia by imposing new standards of animal welfare, as the same standards were not imposed on other countries importing live cattle.He threatened to file a claim with the World Trade Organization if discrimination occurred (Vasek & AAP, 2011). Whilst live exports to Indonesia has resumed, their imports are down by 50 percent and relations between Australia and Indonesia are affected. The incident damaged Australia’s economy and forced beef prices to rise in Indonesian markets (Nirmala, 2012). This illustrates the interdependency of Australia and Indonesia, with disruptions to trade affecting the political economy of both countries.It is evident that the political risk of Australia and Indonesia has increased. Political risk is the likelihood of political groups (Government and non-government groups) causing changes in a country’s ability to successfully participate in busines s activities, which may affect profits and goals of local and international businesses (Hill et al. , 2011, p. 266). Animals Australia and the Gillard Government both contributed to the live cattle export ban (Animals Australia, 2011), which in turn affected the profits of Australian beef companies.Businesses in the beef industry (or similar) may re-consider business dealings with Australian beef companies as they re-assess the political risk of trading with Australia. This may also result in Australia seeking markets elsewhere to sustain a profitable beef industry. As Governments implement differing political systems and decisions, other countries are affected, often in an unfavorable way. The differing legal systems between countries can impact dealings between countries and international businesses.The legal system of a country reflects the rules and laws imposed to manage society and behavior (Hill et al. , 2011, p. 253). A firm conducting business in a foreign country must ensu re the laws of the host country are followed, as well as continuing to meet the legal requirements of the home country (Griffin & Pustay, 2010, p. 78). Four main legal systems are prominent today: common law, civil law, religious law and bureaucratic law (Griffin & Pustay, 2010, p. 79). Common law is present in many countries is the Asia Pacific business region, including Australia, India, New Zealand, Hong Kong and Malaysia.Common law is based on judges’ decisions, creating legal precedents which assist in creating new laws and making future judgments (Griffin & Pustay, 2010, p. 79). Civil law is a legal system based on laws that have been set in a code system. It is different to common law, as judges do not have flexibility to interpret the law as the laws are already prescribed in the code system. Civil law is currently present is Japan (Hill et al. , 2011, p. 254). Religious law, or theocratic law, is a legal system that is based on the rules of a particular religion.Reli gious law is not common in the Asia Pacific region (Griffin & Pustay, 2010, p. 79). Bureaucratic law is a legal system where decisions are made by the country’s bureaucrats, often without taking the laws of the country into consideration. Communism and other forms of dictatorships are regularly compared to bureaucratic law. China is an example of a country where bureaucratic law is imposed (Griffin & Pustay, 2010, p. 81). It is apparent there are strong differences between the legal systems of countries in the Asia Pacific, which can affect businesses operating internationally.For example, in a recently merged Australian and Chinese company, King & Wood Mallesons, Stuart Fuller, the company’s chief executive, stated that China’s Ministry of Justice requirement for all lawyers to pledge allegiance to the Chinese Communist Party will not affect the company’s business dealings or clients (Sainsbury, 2012). However, this could affect lawyers who have not prev iously worked under the Chinese Communist Party, as they are pledging to uphold communist laws, which differ from Australian laws and values.This could also affect the perception of the company by international clients, whose values may differ from that of the Chinese Communist Party. Hence, it is evident that differing legal systems potentially influence operations between international businesses. New laws can also influence business dealings between countries. Indian companies have expressed concerns over the Australian carbon and mining taxes that are set to be implemented in 2012. Naveen Jindal, Indian parliamentarian and head of Jindal Steel and Power, believes the taxes will deter Indian companies from investing in Australian mining (and similar) companies.He stated, â€Å"The carbon tax is as much of a concern to Indian companies as it is to Australian companies† (Doherty & Ker, 2012). Thus tax laws in one country can also affect another country’s economy, with a potential loss of investment opportunities and profits for both parties. It can also be seen that while a law designed for one purpose (in this case, the taxes are to help stop climate change) (Clean Energy Future, 2012) it can ultimately affect another area of a country’s economy – in this case, foreign investment.There have been circumstances where legal requirements imposed for one purpose have actually been seen as an ‘excuse’ for deterring trade or investment. In 2009, the Malaysian Palm Oil Council, on behalf of the biggest palm oil producers in the world — Malaysia and Indonesia – filed a case against the European Union (EU) for introducing sustainability criteria for palm oil imports. The Council believed that the criteria was actually a barrier to the trade of biofuel, based on the EU wanting to continue support for home-grown rapeseed oil, currently subsidised by the EU (Junginger, Dam, Zarrilli, Mohamed, Marchal & Faaij, 2011, p . 028-2042). It can be recognised that the EU may have been wishing to protect the home industry and jobs, which generally results in increased costs for consumers (Hill et al. , 2011, p. 109). In disguising the true intentions of laws, a country’s trading relationships can be affected. Thus differing legal systems, laws and requirements can affect, and often hinder the progress, of international business dealings. The economic position of one country can impact other countries and international businesses.Economic systems can be described as the system by which a country organises how and what should be produced, whom to produce for and how funds should be distributed (Hill et al. , 2011, p. 203). There are three main economic systems: market economies, command economies and mixed economies. A market economy is when production activities are privately owned, and the quantity to be produced is based on supply and demand and is determined by an individual or business for profi t making purposes (Hill et al. , 2011, p. 304).In a command economy, the Government determines what goods and services are sold, the prices that items are sold for and the quantities to be produced (Hill et al. , 2011, p. 304). A mixed economy is a combination of both market and command economies, with both private and state ownership controlling the production of goods and services (Hill et al. , 2011, p. 305). It is believed that a country’s economic system directly relates to its’ economic development and wellbeing and some argue that market economies provide greater opportunities for economic development and growth, hence creating a stronger economy (Hill et al. 2011, p. 306-307). This can be seen when comparing Malaysia and Singapore as the country’s systems greatly differ. When the ASEAN and China agreement was put into effect in January 2010, the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) called for a limit of 10 percent in annual growth of the amount of imports from China. This was due to protection of Malay’s as manufacturers found it difficult to compete against cheap Chinese products (Ng, F. , 2010).This shows Malaysia’s economic system reflects command economy characteristics, as there is control over what is imported, which in turn could limit profits due to restrictions. Singapore is evidently more of a market economy. Singapore is considered a very ‘open’ country in relation to trade, therefore depending on international trade (Global Trade, 2012). The World Bank has stated that Singapore is the easiest country to conduct business with, with the openness of trade and aim to attract foreign direct investment (FDI) being contributing factors (The World Bank, 2009).Since signing a free trade agreement with the US, Singapore has imposed competition laws that restrict anti-competitive regulations. The Ministry of Trade and Industry in Singapore stated that by encouraging c ompetition, they would be able to encourage the ‘efficient functioning of the markets’. This move resulted in foreign lawyers and barristers to pursue work opportunities in Singapore (Sawyer, D. , 2006). By comparing Singapore and Malaysia, it can be viewed that market economies (such as Singapore) have greater potential for economic growth.Currency fluctuations can affect countries with interdependent economies when a change in the value of one currency affects other currencies. Indonesia’s economy was considered to be competitively growing from 1966 – 2007, based on the country’s commitment to lowering poverty through rural development and increased production in the rice industry. However, the Asian Financial Crisis from 1997-2000 caused poverty in Indonesia to rise, while GDP drastically decreased (Fatah, Othman & Abdullah, 2012, p. 291-299).The high economic growth of Asian countries directly contributed to the crisis, mainly through an increas e in investment, excess capacity, high levels of debt and increased imports. As borrowing and investments grew, companies were unable to service their debts (Hill et al. , 2011, p. 176). When the Thai Baht fell by 55 percent in 1998, other Asian currencies were deeply affected, including the Indonesian rupiah, which decreased 76 percent in 6 months. The decline of the Indonesian economy forced the Government to accept a loan of US$37 billion from the International Monetary Fund (IMF) Hill et al. , 2011, p. 177). The consequences of rapidly expanding Asian economies and the impact of decreasing currencies on each country was evident during the Asian Financial Crisis. The economic interdependency between countries had a negative impact on other economies, affecting their economic wellbeing as their economic position declined. Although the political economy of countries is generally interdependent, there are factors that deter interdependency from completely occurring. For interdepende ncy to function best, comparative advantage should be allowed to operate.David Ricardo developed the theory of comparative advantage in the 19th century and suggested that a country should produce and export goods and services that it is relatively more productive at producing than other countries, and import goods and services that are more productively made by other countries (Ricardo, 1817). Through their comparative advantage, countries benefit economically from participating in trade. This also suggests that free and open trade between countries is positive for economic progression (Hill et al. , 2011, p. 65).However, this theory is not always practised since Government political decisions can prevent its effectiveness. On 22 March, 2012 automaker Holden received a AUD$275 million government subsidy to continue to operate its Australian factories, in order to maintain jobs (Straits Times, 2012). According to Chris Berg, â€Å"Less than half of one per cent of the labour force works for the car industry and car manufacturers are not particularly central to the economic structure, cars are not†¦hard to buy from overseas and their manufacturing is not particularly high-tech† (Berg, 2012).Thus Australia is not following comparative advantage in the car manufacturing industry, with the reliance of Government subsidies helping to continue production and maintain jobs. This can be compared to Thailand, with car manufacturing production hugely increasing due to low labour costs (Bangkok Post, 2011). As export demand has increased, production has increased, with an 11 percent rise in the last year (Bangkok Post, 2012). Surapong Paisittanapong, spokesperson of the Automotive Industry Club under the Federation of Thai Industries (FTI), commented, â€Å"We're confident that total auto production this year will reach 2. million units† (Viboonchart, 2012). Perhaps Australia ought to increase its imports from Thai car manufacturers rather than providi ng subsidies to Australian companies, assuming Thai cars are cheaper than the overall cost of producing an Australian car. Although countries can be seen as interdependent, barriers are often imposed to protect local industries and jobs, discouraging the comparative advantage theory and potentially affecting economic progression and wellbeing. Another factor that contributes to countries not reaching full interdependency is the focus on regionalism.Regionalism is a method of opening trade amongst neighboring countries and is viewed positively as not only extending markets to neighboring countries, but as strengthening regional security and delaying globalisation. By forming close regional communities, countries can form trade agreements and other mechanisms that protect the region from the threats of globalisation, and still prosper economically through increased local business between countries in the region (Moshirian, 2009, p. 2-8).However, this push for regionalism may be obscur ing some Asian countries’ economy’s ability to achieve higher profits, as the countries are still heavily reliant on other countries in different regions. We see this in the ASEAN official data release 2010, which shows that Singapore still exports 27. 97 percent of its’ total exports to countries in the EU (ASEAN Community in Figures (ACIF), 2010). This reliance demonstrates that partner countries are often unable to consume each other’s goods and therefore must export goods to other markets, outside of their own region.Whilst regionalism is still a form of interdependency between countries, the focus is on increasing business between neighbouring countries rather than all countries. Another exception to the interdependency of countries is when free trade agreements (FTA) are not efficient. The increase in free trade agreements since the end of the cold war across the world, predominantly in the Asia-Pacific, suggests countries depend on each otherâ€⠄¢s business for economic growth (Suominen, 2009). The Asia-Pacific Economic Cooperation (APEC) began as a forum in 1989, before becoming a regional trade agreement (RTA) in 1993.APEC’s main goal is to establish free and open trade and investment in the Asia-Pacific (APEC, 2012). However, trade agreements in the Asia-Pacific region have favored the manufacturing sector, with low tariffs and more freedom to trade, as compared to the agriculture sector, which has seen a high degree of protectionism from Governments in order to protect industry and jobs. This suggests that APEC’s goal is not entirely being reached (Suominen, 2009). Whilst FTA’s are effective in theory, Government intervention suggests that complete free trade is not apparent, thus obstructing the interdependency of countries to a certain extent.It is evident the interdependency of countries can be attributed to the political economy, that is, the political, legal and economic systems and position, of a country. Decisions made by Governments often affect other countries, and at times have adverse implications. A country’s legal system can both restrict and open up opportunities for other countries. Growing regionalism in areas such as Asia means there are closer economic ties between countries in the immediate region. The fluctuating strength of one economy can affect its regional partners, particularly in relation to currencies and interest rates.Whilst there are clearly benefits to be gained from a strong interdependency and reliance on other countries, there are also factors that hinder complete interdependency. When countries do not follow comparative advantage, or engage in inefficient free trade agreements, some of the potential benefits of interdependency can be lost. Often governments interfere in markets for their own political, legal and economic reasons, and the perceived opportunities that should flow from regionalism and other frameworks such as FTA’ s are not realised.