Friday, February 14, 2020

Asian business and finance Essay Example | Topics and Well Written Essays - 1250 words

Asian business and finance - Essay Example Australia, as this was a big opportunity to expand the gambling and entertainment industry in Asia5. By last year, 2006, there are 23 established casinos alongside other illegal gambling dens in Macau and the number of casinos is expected to rise. Along the development of the gambling entertainment industry mimicking Las Vegas are also the opening up of theme parks. In comparison, Hong Kong in terms of size is larger than Macau and in terms of historic significance has benefited quite well under the administration of the British government who levied a low flat income tax rate over Hong Kong before the handover in 1997. Although Hong Kong is slightly struggling politically under the leadership of the People's Republic of China (PRC), nonetheless its economic background is still going strong6. Considering that there is a small population in Macau and in Hong Kong an influx of expatriates and migrants from the Chinese mainland there is a steady, albeit more of a 'second choice' among Hong Kongers to move to Macau in search of work. Recently, Hong Kong's economic boom has been moving steadily although its tourism industry hasn't yet been able to fully recover from the Asian crisis and despite increasing numbers of tourists in 1999 to the year 20007, there is an actual decline in the tourism and hospitality industry. This is attributed to the spread of the SARS virus in Hong Kong and its open reputation for bad service. In fact, with the PRC's diversification of economy Hong Kong is no longer seen as the main financial base for the country and with this in mind if Macau's tourism industry will continue to grow it will finally overcome being under the shadow of Hong Kong's prominence. As I have mentioned above,... Macau’s increased attention by the Chinese government has resulted in China trying to diversify the economy. The PRC’s extensive means as to allow Macau to be the ‘gambling’ and entertainment hub of Asia will result in the creation of many and new jobs for the Chinese population, however Hong Kong’s slump in the tourism industry will greatly reflect on the Special Administrative Region as it is one of the major income earners for Hong Kong. The SAR however has taken steps to revive the Hong Kong tourism and hospitality industry including the Disneyland project that completed in September 2005, and last year, 2006, there were a series of tourist attractions and countless advertisements to give Hong Kong another go as a tourist destination. Although this move has yet to be seen in terms of Macau’s development as an ‘adult entertainment’ hub but it could be projected that with different aims on the two SARs could well benefit Chinaâ €™s transition towards mobilization of the modern economic global market. But Macau is selling itself short to say the least, it has not exploited its cultural traits, evident from the several Portuguese monuments that line the peninsula, it hasn’t fully understood its potential as Cheng has aptly put, its cultural ‘janus’, its fusion heritage that is nearly half a millennium old. It could have used these monuments to build Macau up not only as an ‘adult entertainment’ hub but a cultural heritage hub that needs China’s protection and maintenance.

Sunday, February 2, 2020

Summary of a Professional Ethics Article Essay Example | Topics and Well Written Essays - 1250 words

Summary of a Professional Ethics Article - Essay Example This is quite synonymous to the fact that every citizen can avail medical facilities when they require it. In the United States, there are several active private organizations that are providing legal services to the general public on a very low price. Their charges are not dependent on the market price. Government is also taking an active part in providing legal facilities to the citizens where they cannot afford one. In order to determine who provisions these legal services, the author has taken a few assumptions. One such assumption involves that the community has accepted an adversary system. The adversarial system involves having advocates from both parties and then having a judge or a jury decides what is right (Corrin,  2004, p.  3). It is assumed that the citizens will have 4 basic rights: Every citizen is entitled to log a complaint to a judge or a tribunal, once a complaint is logged, the other party has to come in front of the court and explain their actions, they have a right to unanimously agree on the decision the judge has made and if the complaining party wishes, they can have the decision implemented. Since the judge is only involved for the decision making process, it is also assumed that the parties will gather their evidences (Richards & Rathbun,  1999, p.  6). ... This system relies on both parties to unanimously agree with the decision placed by the judge and the judge to be impartial (Glendon, Wright-Carozza, & Picker,  2008, p.  101). Once the judicial system is setup, it is important to understand the need for the community to be well aware of their rights to avoid injustice. The citizens should be well equipped with knowledge to know the legal proceedings and understand what the results will be. In case the trial at hand is completely new and has complications, necessary legal advice needs to be provided to make the citizen aware of the possible outcomes of the legal proceedings. If we look at the other side of the coin, citizens might start exercising their rights for things that they were not aware of or did not care about earlier. To maintain a balance between both situations, community needs to be educated on their rights and should know when they can place an appeal in the court. The major drawback of this system arises due to ig norance of people who cannot effectively present their case (Hale,  2004, p.  31). This way the wrong party may win the case. So adversarial system may end up providing injustice and may be used as a tool to protect a specific group of people who can play around with the ignorance of other people. This may ignite them to try for justice outside the legal bounds. The judiciary that was not ready to protect the ignorant or non participant may now be readily protecting them. However, state is expected to be less biased in an adversarial system as the case is represented through attorneys from each side and are expected to be professional and loyal representatives. They are also given ample time to assess and then reassess all evidences gathered before they give their decision. So this