Agency Problem in SOEs of China

Agency problem is a worldwide problem wherever it is in western countries or China. It is inevitable during the development of the firm†s organization. As long as the interests between the owner and management are not aligned, the conflict is existed. Many western firms have established the rules and incentive systems to prevent â€Å"agency problem†. Somehow it works. We find it is not enough to overcome the problem. China has undergone a long period economic reform. During the reform, how to improve the SOEs performance is a hot focus. In the past, all the SOEs were controlled by the government, what the companies† doing were decided by the government, then on one side the executives did not take the full responsibility for the company; on the other side, the officer blamed the managers for the bad performance. There are no clear boundary on the space of freedom and responsibilities. (see Georges Enderle) The â€Å"agency problem† became even worse because of this phenomenon. Now China has tried a lot of methods to establish the modern organization of SOEs. The boundary between the government and the executives of SOEs has been clearly set. Some SOES have been published. However we find that the â€Å"agency problem† still exist more or less and the business ethics do be involved. And business ethics can play a virtually important role in dealing with the â€Å"agency problem during the economic reform. 2. Definition of † agency problem† Before we go further, we need to define what is agent and what is agency problem. Agent is the entity where Management represents owners; the agency relationship is the relationship between the principal and the agent, in which the agency acts for the principal. And what is agency problem? The agency problem results from the separation of management and the ownership of the firm. Agency problem can be clarified as the followings: Agents may consume excessive perks. Agents may shirk (not expend their best efforts). Agents may act in their best interest (instead of the interest of the principal). 3. Why does â€Å"Agency Problem† happen? On the very beginning, most firms were based on the family and their management was the members within the family, and there was not agency problem at all, because the management and ownership were aligned, no interest conflict. As the firms grow, it seems they need high management skills and the existed relationship within the management restricted the growth of the firms. Furthermore, it was much more difficult to raise new equity. Then they hired the professional managers to act as the owners. The agency problem is followed as this organization comes out. Due to the interest is not alignment between the managers and the owners, more or less the managers will pursuit their own profit instead of the owners, which we thought is unethical because of the space of freedom and responsibility are not matched. (see Georges Enderle) and we will discuss later. Although the goal of the firm is the maximization of shareholder†s wealth, in reality the agency problem may interfere with the implementation of this goal. The agency problem results from the separation of management and the ownership of the firm. For example, a firm maybe runs by the professional managers who have little or no ownership in the firm. Because of this separation of the decision-makers and owners, managers may make decisions that are not in line with the goal of maximization of shareholder wealth. They may approach work less energetically and attempt to benefit themselves in terms of salary and perquisites at the expense of shareholders. The cost of â€Å"Agency problem† is obvious. There are the monitoring costs, bonding costs and the residual loss. Monitoring costs are costs incurred by the principle to monitor the actions of the agents (Ex. Annual report to shareholders). Bonding costs are costs incurred by the agent to ensure they will act in the best interests of the principals (binding employment contract). The residual loss is the implicit cost when management and shareholders† interests cannot be aligned, even when bonding and monitoring costs are incurred. We will spend considerable time in monitoring managers and trying to align their interests with shareholders. Managers can be monitored by auditing financial statements and bonded by managers† compensation packages. The interests of managers and shareholders can be aligned by establishing management stock options, bonuses, and perquisites that are directly tired to how closely their decisions coincide with the interest of shareholders. The agency problem will persist unless an incentive structures set up that aligns the interests of managers and shareholders. In other words, what is good for shareholders must also be good for managers. If that is not the case, managers will make decisions in their best interest rather than maximizing shareholder wealth. 4. Does incentives or regulations eliminate the † Agency Problem†? A high level of compensation can result from a pay-for-performance system in which the executive has performed extremely well, or it can be the result of the agency problem, Where the executive is taking advantage of the system. Keep in mind that an executive compensation committee, appointed by the firm†s board of directors, generally recommends the CEO†s compensation package. Also keep in mind the board of directors, although elected by the shareholders, is generally nominated for election by the CEO and thus may be more sympathetic to the CEO†s desires than to the shareholders† best interests. This opens the door for † good old boy† networks to take care of their own and set up a compensation package that rewards, regardless of performance, without attempting to align managers† and shareholders† interests. So it is essential to establish a good controlling and monitoring system, but since it does not work so well or we have not find a perfect mechanical system to prevent it up to now. How should we do then? It is the ethical behavior that † doing the right thing†. A difficulty arises, however, in attempting to define â€Å"doing the right thing†. The problem is that each of us has his or her own set of values, which forms the basis for our personal judgments about what is the right thing to do. Every society adopts a set of rules or laws that prescribe what it believes to be † doing the right thing.† In a sense, we can think of laws as a set of rules that reflect the values of the society as a whole, as they have evolved. However, not all the â€Å"agency problem† has been against the law. As the individuals, they have a right to disagree about what constitutes â€Å"doing the right thing† and we will seldom venture beyond the basic notion that ethical conduct involves abiding by society†s rules. And some of the ethical dilemmas that have arisen with regard to the † agency problem†. These dilemmas generally arise when some individual behavior is ground to be at odds with the wishes of a large portion of the population, even though the behavior is not prohibited within law. Ethical dilemmas can therefore provide a catalyst for discussion. † Is ethics really relevant?† the answer is â€Å"Yes.† First, although business errors can be forgiven, ethical errors tend to end careers and terminate future opportunities. Because unethical behavior eliminates trust, and without trust businesses can not interact. Second, the most damaging event a business can experience is a loss of the public†s confidence in its ethical standards. 5. The agency problems in SOES do involve business ethics dimension. By the definition of the â€Å"agency problem† in the SOEs in China, the managers assigned or appointed are the agents, who manage the assets of the principal.(the country) They have a lot of authorities regarding personnel, funds and fixed assets etc., but they don†t have the corresponding responsibilities. The situation is a result of the mismatch of the space of freedom and responsibility as indicated by Georges Enderle. According to what Prof. Georges Enderle said, the space of freedom and responsibility should match with each other. On one hand, it is unfair for someone to be held responsible for something if he or she doesn†t have the freedom to make decision on it. On the other hand, it will be dangerous for someone to only enjoy the space of freedom without any or less constraints or responsibility. Sooner or later, he or she will abuse the authority to achieve for his or her own interests by hurting others. During the reform of the SOEs organization, the managers are granted with even more authorities for them to better manage their companies. But unfortunately, some managers undertake some unethical or even illegal activities to act against their companies and the country, which has caused a huge loss for our country. It was reported that total lost assets of the country amounted to about RMB 50 billion to 100 billion during the 1990†³s. The main reasons are that the managers of the SOES take advantages of their prevailed positions to gain personal interests for themselves. But they don†t really worry about the loss because they will not be responsible for that. Please read the following case: XXX Company is one of the largest SOES in Guizhou Province. Started from the 1980†³s, the company went into a very difficult situation, making a greater loss every year. Oct. 27, 1999, an extremely shocking news exploded the company: Guifang Jing, the 54-year old, female financial manager were involved in corruption of over RMB7 million. Very soon, she confessed that it was she that took advantage of her position and her professional knowledge to manipulate the financial statements and embezzle the company†s assets. At the beginning, she got involved in the bank accounts transaction directly by using as excuse that the cashier was not familiar with it. She hid 325 bank accounts in total, which amounted to RMB 57 billion in total. At the meantime, she played a lot of tricks in distorting the bank checks and gained RMB12 billion in total. After she embezzled so much money, she started to have an abnormal mentality. One time, when she found that the company still had some cash balance in the bank, she felt very sorry for not having taking out for herself†¦. One day when she was on the business trip, one financial clerk of the company found that one bank check of several ten thousand RMB was missing and he reported to the general manager and the latter reported to the police. Guifang Jing smelt that the police would start investigate very soon. After pondering over for several nights, she eventually recovered her conscience and decided to give herself to the police. Let†s analyze the case. It is true that she broke the law. But if her business ethics had been good enough, she would have not got involved in such illegal and unethical behavior. She was assigned and trusted by the shareholder to have the authority to manage the company assets, but she betrayed her company by abusing her space of freedom, especially when the company was in such a difficult situation. At that time she should have used her professional knowledge and cooperated with her colleagues to improve the financial performance of the company. Another reason was that there was no healthy corporate culture in the company. Employees were not encouraged and rewarded for making contributions to the company. So nobody really cared about the company. That kind of environment gave Guifang Jing opportunities to corrupt such a great amount of money. Upon knowing that the police would investigate the missing bank check, she decided to confess to the police to avoid more serious punishment. Actually, she was at the first stage of Konhlber-Inspired Typology of Ethical Dilemmas. If she had been in a higher stage, for instance, Stage 4 Conform to rules, laws, code, and conventions, or even higher, Stage 5 Follow principles based on respect for people and their rights, she would have not got involved to this crime. But we must be clear that the case of Guifang Jing was only one of the similar cases that happened in the SOEs in the country. Obviously the companies and the whole country need to take action to improve the business ethics, to foster a good and ethical business environment. So far, we have understood why the incentives and regulations cannot and will not solve the agency problems. The agency problems do involve business ethics dimension. Then there is a base for business ethics to play an important role in dealing with the agency problems. As common sense, human acquires knowledge through education, formal or informal. Without education (in a broad sense), people cannot understand the nature and the society. They won†t have their values developed in the process of learning and practice. Of course, they won†t act according to the social behavior orders and norms. Business ethics aims to discuss the business conduct/activities that raise moral issues and to improve â€Å"the ethical quality of decision-making process at all levels†: micro-, meso-, and macro-level (Enderle) through education.

Natural Justice Essay

4) What is natural justice? Natural justice is a natural sense of what is right and wrong. It is a procedural concept and does not imposed any substantive restriction. Besides that, natural justice is also a fair administrative procedure to be followed by the administrative body in arriving at a right decision. Natural justice has two main components; the rule of hearing or rights to be heard or audi alteram partem and the rule against bias or nemo-judex in causa sua. 5) What are the main elements in nemo-judex causa sua? Nemo-judex causa sua means the rules against bias. It means that a man should not be a judge in his own cause. The principle that bias disqualified an individual from acting as an adjudicator flows from two fundamental maxims; a man should not be a judge in his own cause; and justice must not only be done but be seen to be done. The fountain of administration justice must not only be pure but it must also enjoy public confidence and credibility. The adjudicator must not only be free from bias but there must not even be appearance of bias. There are three types or elements of bias; Pecuniary bias, Personal bias and Policy bias. A pecuniary interest, however small, in a controversy disqualifies a person from acting as a judge. In DIMES v GRAND JUNCTION CANAL, a public limited company filed a case against a land owner in a matter largely involving the interests of the company. The Lord Chancellor who was a shareholder in the company heard the case and gave the desired relief to the comp any. The decision was quashed by the House of Lords because of the Lord Chancellor’s pecuniary interest in the company. Personal bias may arise in the adjudicatory right, or in favour of, one party to the dispute before him under many varied circumstances, for example relationship, friendship or business dealings with or hostility or animosity against a party may disqualify an official to act as an adjudicatory in a dispute. All these circumstances create bias either in favour of, against a party to the dispute. In AK KRAIPAK v UNION OF INDIA 1970 SC 150, a Selection Board was formed to select employee of state service to the Indian Forest Service was one of the candidates and he was a member of the Selection Board. The Supreme Court held that a member of a decision making body cannot be both a party and a judge in the same dispute. In the case of official bias, the adjudicatory is not influenced by any personal or pecuniary but he is so imbued with the desire to promote official policy of his department that he becomes blind to the existence of the interests of the private individual. When an administrator acts as decision maker to decide a dispute between an individual and his department, there is a tendency that he was an official or policy bias towards his department. In ALKAFF & CO v THE GOVERNER-IN-COUNCIL, the Commissioner of Law was a member of Singapore Improvement Trust (SIT). SIT approved certain scheme and applied to the Governor-in-Council for approval. The Governor appointed the Commissioner to inquire and to make report on the proposal. The commissioner recommended approval of the scheme. Therefore held, the appointment of Commissioner to inquire the merit of the scheme could result in suspicion that justice might not be done. The order was quashed. 6) What is the element in audi alteram partem? Audi alteram partem is the rule which requiring fair hearing. It has few elements. The first element is notice. Notice is a basic norm of natural justice is that before initiating adjudication proceedings, the party concerned should be given notice of the case against him so as to enable him to adequately defend himself. The right of hearing become illusory if the party has no knowledge of allegations which he need to meet. Notice thus regarded as the sine qua non of the right of hearing. The notice means an adequate notice as regards the details of the case against the party. Any proceeding taken against a person without adequate notice to him infringes natural justice and is thus invalid. It is necessary that all the grounds on which action is proposed to be taken must be communicated to the person concerned. If it transpires later that action was taken on a ground which had not been taken communicated to him earlier than the action will be invalid. In the case study of MARADANA MO SQUE TRUSTEES v BADI-UD-DIN MAHMUN [1967] 1 AC 13, the government took over the school on two grounds due to the failure to pay salaries of teachers and unable to manage the school, but the manager was asked to explain only one ground which is the failure to pay salaries. The managers had no notice of the other grounds, which influenced government’s decision. Privy Council held that the decision to take over the school was quashed as the managers were not given notice of one ground. The minister was acting in quasi-judicial capacity and was bound to observe the rule of natural justice. Relating to the case above, a notice must be served in order for the person concerned to know the charges he had to meet; and have a sufficient time to prepare his defence. For example, in the case of SURINDER SINGH KANDA v GOVT OF MALAYSIA [1962] MLJ 169, Lord Denning stated that if the right to be heard is to be real which is worth anything, it must carry with it a right in the accused man to know the case which is made against him. The notice must be given a reasonable opportunity to comply with its requirements. Sufficient time must be given to the concerned person to prepare his defence. For example, in the case of RE LIVERPOOL TAXI OWNERS’ ASSOCIATION [1967] 2 MLJ 186, a letter was sent to the association to show cause by return of post against the issue of fresh taxi licenses. The notice was held to be inadequate. It is against natural justice to call upon the concerned person to show cause immediately and to permit him no time to consider the charges against him. If the notice is inadequate, the decision will be invalid as it is against the natural justice. The second element is hearing. Natural justice requires an adjudicatory body to not to make a decision adverse to a party without affording him an affective opportunity of adequately meeting the allegations against him and presenting his own case. There is no fixed hearing procedure which has to be followed in all cases. It varies from situation to situation. It is ultimately for the court to decide whether the procedure adopted in a specific situation accords with natural justice or not. In the case stu dy of PHANG MOH SHIN [1967] 2 MLJ 186, the inquiry officer embarked on the inquiry immediately after reading the charge to the officer against whom the inquiry was being held. His request for an adjournment to enable him to prepare his defence was refused. It was held that there was a denial of natural justice. The third element is reasonable opportunity of being heard. There are certain elements need to be observed. The first element is the adjudicating authority should disclose all information, evidence or material which the authority wishes to use against the individual concerned in writing at its decision. The general rule is that all the relevant material which is being relied upon by an adjudicating authority for giving its decision against a person, should be brought to his notice and he be given an opportunity to comment, criticise, explain or rebut the same. For example in the case of AZIZ BIN ABD RAHMAN v ATTORNEY GENERAL SINGAPORE [1979] 2 MLJ 93, the court held that as vital and relevant evidence had not been disclosed to him, there was breach of natural justice insofar as he was denied an opportunity of correcting or controverting the medical evidence considered relied upon by the medical board. The second element is the authority should receive the evidence and all relevant material which the party concerned may wish to produce before it in its defence. In an oral hearing, the adjudicatory authority is obligated to give the person concerned opportunity to produce evidence on behalf of the affected person may amount to breach of natural justice by the authority concerned. Based on the case MALAYAWATA STEEL BHD v UNION OF MALAYAWATA STEEL WORKERS [1978] 1 MLJ 87, the company challenged an award of the Industrial Court on the ground of breach of natural justice as the company was denied the opportunity to call witnesses. The High Court held that there had been a denial of natural justice when the applicant was not allowed to call his essential witnesses to adduce evidence at the hearing and was therefore denied a reasonable opportunity of presenting his case. The third element is the authority should give to the individual concerned an opportunity to rebut the material against him. In oral hearing, cross-examination of witnesses testifying against a party should be permitted. It is actually not regarded as an obligatory part of natural justice in all cases. Whether an opportunity for cross-examination is to be given or not depend upon the circumstances of each case. Based on the case CEYLON UNIVERSITY v FERNANDO, the argument of the appellant that he had not been given an opportunity to cross-examine witnesses testifying against him was rejected by the Privy Council on the ground that he never claimed such right. Even where cross-examination of witnesses is allowed, the authority may refuse to permit unnecessary cross-examination of a witness. Even if cross-examination of witnesses is not an obligatory part of natural justice, it is still necessary for the decision-making authority to give the party concerned a fair opportunity of comment ing on the evidence produced against him and of contradicting the same. The fourth element is reasoned decision. Traditionally, the British courts had taken the view that natural justice does not obligate an adjudicatory body to give reasons for its decisions. In BREEN v A.E.U. [1971] 2 Q.B. 143, Lord Denning did emphasize that the giving of reasons is one of the fundamentals of good administration. The obligation to give reason avoids unfair or arbitrary decisions by adjudicatory bodies; search for reasons for their decisions is bound to make these bodies alert and careful. Reasoned decisions ensure that decision-making bodies apply their mind to the facts and circumstances of the matters they decide and that they do not act in a mechanical manner. In India, however, the Supreme Court has insisted time and again that natural justice obligates decision-making bodies to give reasoned decisions. The fifth element is the right to be counsel. Generally, appearance of a lawyer is not claimable as a matter of right in a quasi-judicial hearing. But in a case where complicated questions of law and fact arise, where the evidence is elaborate and the party concerned may not be in a position to meet the situation himself effectively, denial of legal assistance may amount to denial of natural justice. In PEET v GREYHOUND RACING ASSOCIATION [1968] 2 ALL ER 545, the Court of Appeal ruled that natural justice required that the plaintiff should be presented through a lawyer as he was facing a serious charge concerning his reputation and livelihood. However in the case of FRASER v MUDGE [1975] 3 ALL ER 78, the court ruled that in a disciplinary matter there was to be hearing but no legal representation. In this case, a prisoner with an offence against prison disciplines sought legal representation before the Board of Visitors while enquiring into the charge before him.

Video review Essay Example | Topics and Well Written Essays - 1500 words - 1

Video review - Essay Example This paper is a movie review on the movie Capitalism: A Love Story. As stipulated above, the movie was directed produced by Michael Moore and Anne Moore. This was accomplished with the help of The Weinstein Company and Dog Eat Dog Films. The distribution was done by Paramount Vantage and Overture Films, which is based in the United States. Statistics affirm that the total budget of the film was approximately $20 million. The movie that runs for 127 minutes also premiered at the 66th Venice International Film Festival that took place in 2009 (Gabriel, 2011). This film was also displayed at the Toronto and the New York Film Festivals in the 2009 after its release. In fact, the critical response of the movie was also positive. According to the Rotten Tomatoes website, 75% of the critics were positive. This attracted an overall score of 6.7 out of 10. According to some of these reviews, Capitalism substantially resulted to direct blames to the political parties in the United States. For example, they blame the Democrats for helping out with the bail out of Wall Street. However, this film also spares the likes of President Barack Obama who still upholds a symbol of justice and hope in the United States (Gabriel, 2011). This film begins with several security surveillance footages of armed robberies in banks. Thereafter, Moore portrays a video comparison of the modern America and the Roman Empire. The film also reveals clips of homeless families in comparison to the Florida based real estate agency known as Condo Vultures (Moore, 2009). According to the movie, it is rather evident that Condo Vultures business flourished after the foreclosures. Some of the scenes from this movie trigger the emotions of the viewers. The film then presents the events during the victory in the United States after World War II. This is then followed by a speech from President Jimmy Carter who was warning the Americans about consumption and

Health and Life Sciences - 8000 word Dissertation 'To Investigate the Essay

Health and Life Sciences - 8000 word Dissertation 'To Investigate the Spiritual Significance Walking has for Older People' - Essay Example The researcher also had to wade through many previous literatures, online articles, journals, and so on to help support this research. The thesis of this research supports the spiritual significance of walking and it writes thus, â€Å"The proposed research claims that walking as a physical exercise exerts a predominant influence in people and it causes for inculcating spirituality among older people.† This is a secondary research based on a qualitative study for which various diagrams and the view points of physiologists, psychologists and other writers have been included. Another notable thing that the researcher attempts to convey through this dissertation is that the term ‘spirituality’ has undergone changes during the course of time and as such, nowadays we do not entirely connect it to religion, as practiced in ancient times. The post-modern concept of spirituality is different that it now describes spirituality as ‘connectedness to nature’ or ‘connected to environment.’ The proposed study is based on the post-modern concept of spirituality on religious grounds. The researcher has attempted his best to justify the topic through different diagrams and the perceptions of the members of different walking groups. All through the research, the researcher has endeavored to keep the morality of the research. The researcher has assured the participants that all the information collected for the purpose of this research will be kept highly confidential. An official document will be prepared for the researcher. The st udy also ensures that the researcher is aware of his/her right to keep and maintain collected data with its significance. This paper adopts the traditional style of dissertation papers and the study is concluded by stating that walking as a physical exercise exerts a predominant influence in people and it causes for inculcating spirituality among older

Analyzing Texas Health Care vs New York Essay Example | Topics and Well Written Essays - 1250 words

Analyzing Texas Health Care vs New York - Essay Example A comparative look at the two states' programs can help reveal how the states differ in their goal of providing health care while trying to contain health care costs. Health care costs are covered through a variety of different sources such as employer provided insurance, Medicare, Medicaid, and individual insurance plans. In Texas, 47 percent of the population is insured through their employer, while the number is 52 percent in New York (Kaiser Family Foundation 1). In addition, New York has 19 percent of its population insured through Medicaid compared to only 12 percent in Texas (Kaiser Family Foundation 1). Medicaid is jointly funded through the states and matching federal funds, which is dependent upon the income level of the state. The matching rate varies between 50 percent and 72.29 percent, with the poorer states getting the larger amount (Flowers 3). While New York receives equal matching funding, Texas gets $1.50 for every $1.00 they contribute (Kaiser Family Foundation 2). Because the eligibility is income dependent and is based on a rate set by the states, the differences in total spending can be significant. Texas's total Medicaid s pending for 2006 was $18.1 billion, while New York spent $44.7 billion on the program (Kaiser Family Foundation 2). ... For example, the annual income eligibility level for working parents is $4824 in Texas, but is $25,755 in New York (Kaiser Family Foundation 2). This results is a significantly higher number of enrollees in New York than in Texas. In addition, Texas, "has forfeited more than $900 million in federal money under the Children's Health Insurance Program (CHIP) during the past six years because it wouldn't put up 28 cents for each 72 cents in federal aid" (Wolf). When these statistics are coupled with the lower rate of employer provided insurance in Texas, the result is that 25 percent of Texans have no health insurance as compared with 14 percent of the citizens of New York (Kaiser Family Foundation 1). This difference is largely the result of the total dollars spent between the two states on Medicaid. The Medicaid program was initially designed as a means to provide health care for parents and children that had low incomes and few material resources. While Medicare was designed to primarily cover the health care needs of the elderly and disabled, Medicaid is a means tested program where the eligibility is set by number of children and the family income. However, Texas Medicaid has expanded in recent years to include the Children's Health Insurance Program (CHIP), Texas STAR Managed Care, and the Program of All-Inclusive Care for the Elderly (PACE) (Texas Medicaid Program Information). In fact, "Texas is the only state that takes advantage of Medicaid's 1929(b) program, which provides community attendant services that help lower-income elderly clients live at home instead of moving into a nursing facility. Texas has roughly 47,000 Medicaid clients who benefit from this

Educational Essay Example | Topics and Well Written Essays - 250 words

Educational - Essay Example Re-design the space to â€Å"provide effective restoration breaks and allow them to return to their work cognitively refreshed†. Today I am discussing on the design redesigning proposal of one of the buildings at the Cities Hall. This is a compute room located within the area. The room needs to be redesigned in respect to the addresses of the students in the educational environment by adhering to the being away, extent, Fascination and compatibility properties in architecture. Since the students have a lot to do at the college, they need refreshment and the computer room will be one of the best places. This is because the room has got computers for the students to be using while resting. It is also one of the best places the students like to hang out at. When redesigning the room, the first thing to do is conceptualize the room fully and perform some testing assumptions. This will go hand in hand with the evaluation of the results then followed by refining the craft of the building. This will begin with the viewing of the placement by redesigning the building by leaving enough spaces for the students to have good indoor and outdoor movements. This includes leaving enough spaces in the building. The design will focus on the properties of Address which entails Being away, Extend, and compatibility. Being away entails a new routine to be used by the students. The extent entails designing the room in order to follow the coherence needed and make the students be familiar with the building. Compatibility will abide with the students’ requirement by fitting and supporting the students. Example is having a place for the students to put their luggages. Under the indoor and outdoor view plan, the design will be well analyzed by the interactions of the students and locating their specific locations likes. Testing of the results will be done by the use of ANOVA testing. The indoor and outdoor of the room will be well analyzed and

How Things Have Changed Essay Example | Topics and Well Written Essays - 750 words

How Things Have Changed - Essay Example As a result, this prompts them to identify affordable public housing that can accommodate their social-cultural and economic conditions and realities such as low income and the need for a better job. Alternatively, the provision of healthcare is an illustration of how things have changed for most NYC people as compared to the Working-class New York era. By agitating for the improved health care services especially the adequate distribution of welfare amenities in different cities spread across the state, the labor force demonstrates the need for consulted dialogue (Wilentz 122). However, these goals and objectives are only obtainable through the development and integration of liberal attitudes that have hugely influenced most of the working people around NYC. Change has also permeated into people in terms of the demoralization of vital ideas that enabled others to question the poor urban planning that has caused the increase of ghettos and collapse of moral values. The illusion is eq ually a critical element in the overall transformation of working people in NYC. It is because it has hindered them from projecting their future and setting a moral benchmark of achieving certain goals and objectives. Studies affirm this to the shifting demographics of age and technology that continues to ravage the fabric of New York State Society. Age, for example, causes an imbalance in the working people of this state because the elders, middle age, and the youth hold varying moral and social aspirations in life.