Critical analysis of Role of Regional Trade Agreements for the Essay

Critical analysis of Role of Regional Trade Agreements for the Developments of its Member Countries - Essay Example The World Bank also cautions that RTAs improve economic development in one country and negatively impact economic development in another member.3 Therefore RTAs can facilitate uneven development among the member states. This will occur when RTAs divert trade from some member states and divert trade to others.4 This research paper provides a critical analysis of the role that RTAs play in the developments of its member states. A definition of RTA and its historical developments are examined first. The role of RTAs in member state development will be examined in greater detail with specific reference to the Gulf Cooperation Council (GCC) and African Regional Trade Agreements and the role that these RTAs play in the development of their respective states. Contents Abstract 2 Contents 3 Introduction 4 I.Definition and Overview of RTAs 5 A.Definition 5 B.Overview of RTAs 7 II.Development of GCC States 14 III.African RTAs 19 Analysis/Conclusion 25 Bibliography 27 Introduction There are ess entially two opposing views relative to the role that RTAs play in its members’ development. ... two decades RTAs have emerged as the â€Å"defining features of the modern economy† and is largely seen as a significant influence relative to globalization.6 By the year end 2005, the World Trade Organization (WTO) had received notification of at least 250 RTAs.7 Since 1995, the WTO has received at least 15 RTA notifications each year as opposed to just 3 RTA notifications annually prior to 1995.8 The proliferation in RTAs therefore suggest that the countries engaging in regionalism have a positive vision of what RTAs can bring them in terms of development. This paper examines the perceived developmental benefits of RTAs and critically evaluates whether these perceptions are realistic. I. Definition and Overview of RTAs In order to effectively analyze the role that RTAs play in the development of its member states, a definition and an overview of the nature and development of RTAs are necessary. It is necessary to understand what RTAs are, how they function and what motivates the formation of RTAs. With this understanding of RTAs, their role in the development of member states can be examined. In other words, development will depend entirely on the developmental objective behind the formation of a RTA. For example if a RTA is formed in order to improve and develop the member states’ economy, the role of the RTA in that regard will have to be examined. If a RTA is formed for the purpose of harmonizing regional economic and security cohesion, the role of that RTA on development by member states will have to be examined. A. Definition In simple terms a RTA is defined as an agreement among â€Å"neighbouring states† in which tariffs and other trade restrictions are reduced or removed.9 RTAs are also defined as: †¦actions by governments to liberalise or facilitate trade

Women are generally more suited than men to manage modern corporations Essay

Women are generally more suited than men to manage modern corporations - Essay Example Additionally, women headed at least 12 companies classified as Fortune 500 and 25 companies classified as Fortune 1000 by the year 2009. This accounts for an increase of approximately 4% in the number of women heading these classes of companies from the statistics of 1998, when the figure stood at 11.2%. While this growth rate seems sluggish at face value, it implicitly reveals the gradual acceptance of women into the realms of top management of large corporations in America. While this is noteworthy, the question of whether the workforce is really ready to be managed by women begs. If so, are women fit for the job? This paper proposes that women are better managers than men, hence their suitability to head modern corporations in America and the world over. Keywords: Top management, Women, Corporations, Workforce, Managers Introduction The boardrooms of many of the countries’ multi-faceted corporations dealing with information technology, publishing, and advertising among othe r industries have long been dominated majorly by males (Gettings, Johnson, Brunner & Frantz, n.d.). However, in the contemporary American society, there has been a paradigm shift that has seen the absorption of women into the management of large corporations cutting across different industries. ... There are qualities of women that influence their management styles. For instance, women are viewed as being more encouraging and people-oriented (Billing & Alvesson, 1993). Due to the nature of women being more nurturing than men, it follows that when they are in positions of management, they relate better to their colleagues and subordinates. Women will often react by urging on employees as opposed to retribution, and this will often encourage employees to perform better, as well as being more motivated. By being more people-oriented, women managers are more in touch with the needs and personal well-being of their subordinates, rather than just their performance at work. They capitalize on their relations with other people at the work place and therefore often lead by setting examples, understand, and encourage employees to be more efficient by being more in touch with their needs. Women managers in this respect are also better listeners and build better relationships with people a round them in the workforce. They are more concerned with the human aspects of different situations in the work environment (Rutherford, 2011). According to News Agencies, women are also better at decision making than men (2013). In many corporations that are headed by women, the decision making process has been found to be more efficient and organized. In situations where there is a conflict involved that needs to be resolved, women managers are found to make decisions that are more reasonable and fairer than their male counterparts. In the process of making decisions, women managers are more likely than men managers to take into account the implications of the decisions that they make on other parties. Such parties include those in both direct