Sunday, March 31, 2019

Indias Agricultural Sector: An Analysis

Indias Agricultural argona An Analysis agribusiness SectorSubmitted byIntroduction to Agriculture heavensAgriculture celestial sphere from an Indian Economic perspective constitute major(ip)ly the following four such as Food- jogs and oilseeds, Fiber, plantation crops, fruits and vegetables. As per the 2013 RBI statistics Indian farming sector contributed 11.36% of authentic GDP. This sector is a similar the highest employer in the country employing approximately 60% of the population.In H1 2013-2014 Agriculture sector of India recorded growth rate of 3.4% 1 and this is higher by a margin of 0.8% during H1 2012-13. The primary reasoning was attributed to a good and a normal monsoon during the year. This spike in the growth of the agricultural sector contributed to a better growth rate for the GDP of 4.6 considering it was a sluggish gunpoint for on the whole distinct sectors including services and manufacturing. Eventhough being one of the oldest sector, Agricultural sector is still contributing phenomenally to the GDP growth of the country. So, in this compensate an attempt is make to analyse salient aspects of the Agriculture sector from frugal perspective, g all overnment policy perspective and other(a) items that constitute the growth of the sector. Also, the report studies the major issues thats being faced by the facing and likely way to resolve them is being brought out.Key factors affecting the performance of Agriculture sectorClimatic factors Monsoons, soil degradation, water handiness, floods and droughts.Policy factors Government policies link up to denotation availability, support outlays, crop unique(predicate) programmes, ensuring availability of markets for the produce.Market factors Pricing, consolidation with downstream consumers, transp atomic number 18ncy.Macro-economic factors Supply and demand, change in consumption expressions.Technology factors entrance feeibility of farming technology, awareness of the available technology among the farmers, incentives to adopt upstart technology, educating farmers roughly the benefits of using technology.Global factors Export and import policies, trade clipions.Section IV Agriclutural Policies, Ramesh V VIssues faced by Indian Agriculture sectorUnequal growth of Agriculture sector at different areas of India addiction on seasonal rainfall The performance of the sector is highly symbiotic on the seasonal rainfall India receives during the monsoon season.Decrease in bolt down availability due to population growth and industrial sector growthNon availability of farm labourersLow level of mechanisation of the sector yielding set about productivityUnavailability of logistics affecting the returns from the sectorTraditional cultivation methods unemotional access to payLack of facilities for storage of the food grainsFragmentation of landLow quality seeds Using better quality seeds can cleanse the yield by 40%, adoption of Bt seeds can also ontogeny the yield, however higher appeal of seeds and activism are hindrances to adopt Bt seeds widely.Unbalanced fertilizer utilization It is one of the main reason for the stagnation of the yield, depletion of soil fertility and pollution of water bodies. Lacklustre government policies on fertilizer subsidies are one of the reasons for unbalanced use of Nitrogen based fertilizersCropping Patterns Sub-optimal crop pattern leads to low rates of profits. Geographical conditions vary and accordingly suitable crop patterns should be adopted, however farmers follow traditional practices which leads to lower profits.Policies and outlines towards AgricultureThe department of Agriculture Cooperation, Government of India, has been implementing motley schemes and programmes for the benefit of farmers through State Governments. The Guidelines and other expound of various programmes and schemes deliver been made available in their departmental scheme guidelines. Relevant details on the type and e xtent of benefits for different components promoted under various schemes are mentioned here. For simple understanding of subsidies and eligibility criteria of the same a handbook has also been constructed by the department. It has been prepared by categorizing various activities in 11 different themes such as, Soil Health, Soil Conservation Fertilizers, Seeds, Irrigation, information Extension for Farmers, Mechanization Technology, Agricultural book of facts, Agricultural Insurance, Plant Protection, Horticulture, Agricultural trade and co-ordinated Farming. Besides this, broad suggestions on practical aspects of each of these themes induce also been include.Schemes such as Rashtriya Krishi Vikas Yojana (subject to qualifying criteria for the States), National e-Governance Plan-Agriculture, National deputation on Agricultural Extension Technology Etc bedevil nation-wide coverage.A few other schemes such as National Food Security Mission, Mission for Integrated Developmen t of Horticulture (MIDH), National Mission on Oilseeds and Oil Palm (NMOOP), cotton wool Technology Mission, Jute and Mesta Technology and Bringing Green Revolution to Eastern India (BGREI) birth Crop/ Area / District wise applicability.The expert committee has jazz up an estimate of around 11172 crores in the next ten old age for infrastructure development for agriculture marketing as of 2008 and has make out up with some reforms in the Agriculture Produce Marketing Committee Act, (APMC)act, details from NABARD websiteSubsidies are helpful to farmers in India as nearly 11% of farmers oblige land but not have sufficient funding to water the land. Three main types of financing are required for agriculture sector. i.e., perfectly term, Medium term Long term finance. Subsidies in an agriculturally oriented ontogeny economy like India helps profit the productivity of the farmers.Institutionalized credit provisioning Credit raised by farmers from Non-institutional lenders, from 95% in 1951 to 40% in 2002, India has muster a long way in providing sustainable credit access to the farmers. Non-institutional lenders levy a high rate of interest and historically have manipulated the farmers, which led to poverty and its side effects like illiteracy.Analysis on the Agricultural SectorDemand vs SupplyThe agricultural sector in India is doing pretty good job to meet the domestic demand and also exporting food grains in certain categories. The heart and soul demand for Y2010 was 228Mt and the entirety tally was 270Mt. Not only in 2010, if you see the trend for the former(prenominal) 5 years before 2010, the supply more than demand. This clearly tells us India is a food surplus country and there is no received pressure on the demand-supply process.The supply is mainly increasing because of better and modern farming technique and high productivity per hectare. Storage facilities have alter over the last 2 decades and at affordable prices are help the farmers to preserve the crop thru the year.There is still a crapper of chain for improvement for our agro output storage facilities. Our storage facilities are not on par with other developed countries and our farmers end up with a lot of spoiled food grains.Table Agro Production Demand in INDIA amid 2005 and 2011(All Figures in Metric Tons)Source http//agcensus.nic.in/Focus on Agriculture- Union compute 2014.Government has proposed a technology driven green revolution and in this specifically protein revolution had more focus this year. Below par aspect of monsoon and its obvious impact on Agriculture was certainly considered this year. Keeping this in mindGovernment has proposed aRs.1,000 crore outlay for a new scheme named, Pradhan Mantri Krishi Sinchayee Yojana, which impart address sufficient irrigation facilities and mitigate some risk.To address the problem of price volatility, fund called Price Stabilization fund amounting to 500 crores was allocated.Agriculture credit target was set to 8lakh crores. Interest subvention for timely repayment of loans at 3% subvention has also been included a viewst the current 7% rate. country-bred infrastructure fund of 25000 crores was also institutionalized.Soil health is one major factor which is linked to productivity. In this regard, 100 crore project scheme was included which delivers every farmer a soil health card. In this mission, an additional 56 crores towards mobile soil testing laboratories was proposed.Agriculture research institutions to come up in Assam and Jharkand with an initial investment of 100 crores and an additional tryst of 200 crores for Andhra Pradesh and Rajasthan and telangana and Haryana for Agriculture and horticulture institutions respectively was also proposed.Kisan TV, a dedicated channelon various aspects of agriculture.Bhoomi Heen Kisan scheme, institutionalized through NABARD for landless farmers towards guarantee for finance was proposed. Funds leave cater to around 5 lac farmin g groups who will practice enunciate farming.Warehouse infrastructure fund of 5000 crores was allocated to address wastage loss in supply chain.Existing APMC, will be re-oriented in close association with enjoin governments which in potential must take care of markets and introduce reforms for farmers. superstar thing that was criticized was the denial of a policy of minimum price Scheme, mononuclear phagocyte system which figured in the previous governments budget.Impact of monetary Policies on Agricultural SectorMost Gov.s that came to power in India have implemented pro-agricultural policies and have given a lot of sop and benefits to this sector. Though the outlook might seem healthy, the short term discrepant policies have made the agricultural sector unproductive and unsustainable. If the situation continues like this, experts believe that Indian would become a net food gain importer in the next 20-30 years of time.SubsidyInput subsidies are a major part of the policy in A gricultural sector in India. The major subsidies aresubsidies on electricity used in farming bounty in fertilizer prices tribute in seed corruptIndian agricultural sector is more dependent on gossip subsidies than any other major emerging countries. The youthful Gov. order passed by the Chief Min of the newly farmed Andhra state to waive off all the agro loans taken by its farmers is an example of this Input bonus and illustrates how heavily this is impacting the Agro sector. The subsidy on fertilisers has been increased to 67% in 2010 from 41% in 2004. This usurious subsidy was possible because Gov. kept the nominal fertilizer prices unchanged in spite of high inflation and allowed real subsidized fertilizer prices to fall. The total Gov, input subsidy stood at 9.6% of the total Agro sector output.Among all the subsidies fertilzer subsidy amounts to 11 Billion dollars out of the total 60 Billion subsidy provided by GOI. This also plays a key role in the increase in non plan ex penditure and which in turn increases the fisical deficit.The input subsidies have also produced some unintended side effects like over utilization of land, soil degradation, nutrient imbalance of soil and reduction in ground water level.Minimum Support PriceThe Govt had setup the delegating of Agricultural Costs and Prices (CACP) to define the minimum support price for around all the major crops. The intention is to help the farmers but it interferes with the demand and supply. valuate SubsidiesIndirect taxes for farm output is almost nil.InflationThe GOI expansionary policies and fiscical stimulus in 2009-10 has resulted in increase in inflation. This has resulted in the increase in cost of the farm labour and non subsidized farm equipment procurement. This has put pressure on the margins of the farmers.Restriction on Exports/ImportsWhenver the supply was lower than demand for a crabby crop happens i.e in supply shock scenario Govt generally tends to look to restricy exports. T his has been an commonplace pattern with recent incident when the prices of onion and sugar increased as a result of lower production and the got wa quick to restrict the exports of these commoditiesImpact of Monetary Policies on Agricultural SectorAgricultural loans are available for various farming cerebrate activities. Farmers may apply for loans to purchase inputs for the cultivation of food grain crops as vigorous as for horticulture, aquaculture, wolf husbandry, floriculture and sericulture businesses. There are also certain special loans made available by many public sector banks and co-operative agriculture banks to finance the purchase of agricultural machinery such as tractors, harvesters and trucks. Construction of biogas plants and irrigation systems as considerably as the purchase of agricultural land can also be financed through different types of agricultural finance.NABARD offers a Kisan Credit Card Scheme and crop loans under the Rashtriya Krishi Bima Yojana. Kisan Credit Card Scheme helps farmers raise short funds for agriculture and other farm-based activities, on an on-going basis, with very flexible and golden repayment terms. It also offers an agricultural loan for development of agriculture related industries, purchase of machinery and other agricultural purposes.Interest RatesConclusionThe agriculture community must be weaned off the subsidies gradually one time sufficient development is made so as to increase the sustainability of Indian agriculture by providing them the right price for the cultivated produce, introducing highly effective storage facilities, providing necessary training to the farmers regarding use of technology and equipment thereby trim back wastage considerably and enhancing the sector as a whole. Agricultural subsidies can be a blunt instrument that can impede progress and windy down economic growth if theyre implemented without heed to the situation and specific date of expiry.Agriculture and industry has shown remarkable vigour and dynamism in contributing to a healthy growth in exports in the recent past. Indias food security depends on producing cereal crops, as well as increasing its production of fruits, vegetables and milk to meet the demands of a outgrowth population with rising incomes.Policy makers will thus need to novitiate and/or conclude policy actions and public programs to shift the sector away(p) from the existing policy and institutional regime that appears to be no all-night viable and build a solid foundation for a untold more productive, internationally competitive, and diversified agricultural sector.Referenceshttp//www.finmin.nic.in/http//indiatoday.intoday.in/ fib/budget-2014-green-revolution-kisan-tv-channel-agri-institutes-arun-jaitley-finance-ministry-narendra-modi/1/370753.htmlhttp//businesstoday.intoday.in/story/agriculture-gets-priority-in-narendra-modi-govt-budget-2014/1/208042.html

Main Barriers Sustainable Development Developing Countries Initiatives Overcome Economics Essay

Main Barriers sustainable Development Developing Countries Initiatives Overcome Economics EssayAny solid ground whose standard of keep is at a blue level is referred to as a exploitation hoidenish. Development level varies from country to country therefrom can non be generalized in meaning. Using numerical categorization, Countries with low and lay income attain been categorised as ontogenesis by the World blaspheme. Dividing economies with the 2008 vulgar National Income per capita (GNI), developing countries were identified by GNI per capital below $11 905. Countries having progressive economies nevertheless which set reveal not attained a extra standard to be referred to as genuine country atomic number 18 categorised as Newly Industrialized Country (NIC). Such countries argon express to find rapid growth in their economy but shit still not reached the standard of the First World, these are proudly developed countries (see http//en.wikipedia.org/wiki/Develop ed_country)Almost all countries of the third world can be categorized as developing, they including all African countries excluding Stabooh Africa, all countries in the center of attention East excluding Turkey, all Asian countries excluding China, Japan, Singapore, Russia, Taiwan India, Myanmar and South Korea, some countries in Eastern Europe, Southern the Statesn countries excluding Brazil and the Caribbean excluding Jamaica and Cuba.FileWorld Bank income groups.svgFig1 Countries based on World Bank income groupings for 2006 (calculated by GNI per capita, Atlas method). senior high school income Upper-middle income Lower-middle income Low incomeSource http//en.wikipedia.org/wiki/Developing_countrySustainable DevelopmentSustainable learning as defined in 1987 in a report by Brundtland is development that meets the needs of the present without compromising the ability of the future day generations to meet their receive needs. (Hecht, 1999)Sustainable development as an aspiratio n is global as an current process, it is local. A growing tour of scientists and technologists share in the aspiration and test with the local (Mabogunje and Kates, 2004).For sustainable development to be come upond, particularly in developing countries, some stages feed to be undergone it is similarly necessary for essential construct blocks to be implemented. The sparing, social and environmental factors turn over to be considered in a transparent and open manner. In many developing countries, the fundamental expression blocks, much(prenominal) as a free-market economy, transparency of goernment operations, public assenting to information, public involvement in decision making, and enforcement of environmental laws, are worn or absent. Although some developing countries are strengthening domestic policies and regulations and creating economic policy incentives for attracting environmentally sound investment, progress is unwind and uneven. (Hecht,1999).BarriersDevelo ping countries bring forth less sustainable livelihoods today than they had 25 years ago. The issue of sustainable development involves making sure that the ongoing development does not chance on future generation.Some of the following issues contribute to the low sustainability level in developing countriesExtreme PovertyPoverty is the most prominent rampart to development in developing countries. Almost all population install up in these countries live in rural settlements and depend on agribusiness as their main source of income. Poverty and the environment nourish a strong connection especially in countries with economies that depend on native resources. For people in these countries to meet their needs, they engage in local activities such(prenominal) as tree cutting for fuel wood, wild life inquisition (leading to extinction), extensive and excessive farming system and so on. These activities are carried out to meet the needs of today but the repercussions await the fu ture generations. de woodwind instrumentationIntense farming and deforestation in South America has odd some areas with only 5% of natural vegetation. If this trend continues, there competency be little or nothing left to pass to the future generations.Africa had about 650 million hectares of woodlands and forests but between 1990 and year 2000, about 53 million hectares of forest was lost (Africare speech, 2008). In respect to the global forest loss, this was about 56% in that period. Deforestation has a leave aloneant feat on protection of soils, the land is more exposed to adverse conditions the likes of erosion and evaporation, also quality of water is affected by deforestation. completely these testament invariably tell on the production and economy of countries involved.urban DevelopmentUrban areas in developing countries are expected to be more populated majorly beca engage of migration. However this comes with a great environmental challenge. A faithful number of urba n dwellers either inhabit spend areas or carve a slum-niche for themselves simply because they do not have legitimate sets to own their properties. Slum conditions lack cracking, portable water, electri city and other underlying amenities of life. The issue of waste disposal in slum areas is ordinarily carelessly handled, this poses as a threat to health and safety of slum dwellers. It is not a surprise to use plastic bags as alert toilets in some large slums like Kibera, Nairobis largest slum.Also, because of the nature of these areas, there is sum up in miscreants among juveniles. This has a direct negative effect on teen adults who are supposed to be leading of tomorrow. This is where the effect of the environment on the social life of individuals comes in to play. Some shanty areas in Nigeria have in recent propagation produced the highest number of notorious young adults.urbanisation in developing countries results in rattling large population inhabiting very small area, polluted water and air, poor public transport among other things. These environmental conditions lead to low standard of living in these areas.In South America, urban population is found in settlements called squatter, Brazil having favelas while Venezuela has barrios. Caracas is known to have over 50% population living in squatters. These squatters are usually made from scrap and cardboard materials in areas that are prone to inundate or steep areas. After a while, the construction is upgraded with better materials but the settlements remain in an irregular profit with small paths and streets, there is usually no plan for waste management, drainpipe or water supply.The Asian continent among others is not left out in urbanization issues. Bangladesh, a country in Asia has had an increase in urban poverty in recent times. In Dhaka city alone, from 1974 to 2005 slum population has jumped from 250,000 to 2,840,000 during the span of little over 3 decades (Haider, 2008). During these decades, the number of slums also depart magnitude from 500 to 4,300. While slum population has increased by more than 11 times the number of slums has increased 8.6 times during this period. The causes for the increase of slum population are certainly complex. However, the major typeface is again related to the lack of well paying jobs in urban areas. There are also cases of downward mobility in urban areas of urban dwellers themselves. Although Bangladesh has been able to reduce urban poverty to some extent, there are pockets of chronic poverty in slums that seem very hard to overcome. (Haider,2008).http//www.un.org/ecosocdev/geninfo/afrec/vol18no2/2809067_slum.jpgNairobi, Kenya sixty per cent of the citys people live in slum areas.Source http//www.un.org/ecosocdev/geninfo/afrec/vol18no2/182environ.htm advert of Industrial WasteThe process of obtaining non-renewable materials from natural resources has an adverse effect on the environment. A good example is Nigeria, a d eveloping country in West Africa. The Niger Delta environment has been polluted by oil spills and flares from gas for over half a century. A target was set forth to put a stop to flaring of gas but this seems to be unachievable with the trend of events.Mine sites which are no longer in use in some parts of Africa contribute to the nuisance that the environment is becoming. In general, mineral and oil exploration contribute to water pollution (which also causes death of organisms in water), contaminated soil, e.tc. Developing countries volition continue to have great challenge in attaining sustainable development if the current access to extraction of resources is not addressed.Effect of Climate Change on surroundingsAfrica as a continent has so many developing countries. Studies from the IPCC (Inter-governmental instrument panel on Climate Change) show that this continent is more prone to the blow of climate change than any other part of the world. Some of the do of climate ch ange accommodate less rainfall in areas already experiencing dryness like the southern and eastern parts, and increased drought in north central Africa. It is also predicted that by 2025 (Africare speech,2008), western African countries will experience scarcity of water, such countries like Ghana, Burkina Faso, Benin Republic, Mauritania, Nigeria e.t.c.While other issues are more pressing and getting better attention from African leaders (such issues as malaria, HIV AIDS, poverty, starvation e.t.c), to sustain the future generation, Africa has to be in full at alert and address the issue of climate change unpaired to its environment.In other areas, climate change may cause flooding in contrast to its effect in these countries. In South America for instance, climate change has an effect on their environment which in amount has a multiplier effect on readying for growth.La Plata River handbasin which is the fifth largest river in the world generates about 50% of South Americas crude National Product (GNP) and five countries share boundaries with this river- Brazil, Bolivia, Argentina, Paraguay and Uruguay. The effect of climate change in this river basin has affected the economy and as a result its population. Flow in this region has been 30% greater since 1970 than in earlier time. This is in contrast to the total rainfall before 1970 and below average rainfall afterwards in sub-Saharan Africa (Africare speech, 2008). decadencyCorruption is a major barrier to sustainable development in every country that it exists. It steals from todays children the resources they will need to survive tomorrow. There is a direct get in touch between underdevelopment and corruption. The former encourages the latter. A good scenario is the public service low income in developing countries, this stimulates trivial corruption. The level of education and enlightenment in these countries also put people in ignorance of their statutory rights, thereby expectant room for cor rupt individuals.Initiatives to Overcome BarriersThe discussion about openings to overcome barriers to sustainable development in developing countries will not be reassert without mentioning the millennium development goals (MDGs). The MDGs were initiated in September 2000 during the United Nations Summit. These goals are octonary in number and they break down into quantifiable targets that are 21 in number, they are also measured by 60 indicators. They allow in the followingExtreme poverty and hunger eradicationUniversal unproblematic education for allEncourage women empowerment and gender equality quail death rate of childrenImprove maternal healthFight against diseases especially malaria and HIV/AIDSImplement sustainable developmentDevelop a global partnership for developmentThese goals were created having developing countries in mind as the issues addressed are mostly concerned with them. However, the indicators for these goals show that they have not been effectively imple mented locally and globally, they also show that the time ring given to them will not be realistic.Over the years, developing countries have recognized the importance of environmental management and sustainability and there have been initiatives unmatched to each country and situation to enhance this.Some of those initiatives acknowledge establishing Non-Governmental Organizations (NGOs). NGOs have gained reputation especially internationally as they are consulted on matters of planning and implementation of policies made at national and international levels. Examples of such implicate Global Volunteer Network, Cross-Cultural Solutions, Conserve Africa, Africa Guide, Action for Agricultural renewing in Maharashtra (AFARM), Conservation Council for South Australia to mention a few.NGOs offer a clearer perspective and a wealth of experience in relevant areas such as human right defense, environmental protection, grassroots development, poverty alleviation, e.t.c. To succeed in th eir activities, these organizations should work alongside the government by participating in development, planning policies and decision making at the various levels of administration.However, since they are voluntary, accessibility of funds for NGOs might pose a slight challenge and they sometimes have to depend on funds from large hearted individuals. other(a) initiatives include creating anticorruption agencies. Since corruption impedes development at all levels of government, countries have created such agencies to nock corrupt practices, examples include Office of Anti-Corruption Commission Bhutan (Asia), Independent Authority Against Corruption- Mongolia ( Asia), Anti- Corruption Commission- Bangladesh (Asia), Kenya Anti-Corruption Commission -Kenya (Africa), Independent Corrupt Practices Commission Nigeria (Africa), War Against Indiscipline and Corruption- Nigeria (Africa), bitch Against Indiscipline- Nigeria (Africa), e.t.c These are just a few as there have been numero us organizations at different levels of government that function in this regard. However, as many as these appear to be, the issue of corrupt practices still tail their head. When caught in the act and asked, culprits sometimes blame the economy and government but those are just the ones who are brought to book, top citizens who have connections in high places are usually seen as above the law. This falls back to having good leadership in developing countries as well as citizens having the right attitude, without these, corruption will still find its way in these countries and the efforts of these organizations will not be justified.For every country, the children are the future leaders good education for them is a very important factor for development. Some efforts have been made by countries and their governments to develop the minds of youngsters educationally, there have been schemes to haunt students afield to acquire various skills and knowledge so as to implement and dese gregate these skills once back home. Recently, the Federal Government of Nigeria awarded 1,087 undergraduate and postgraduate Nigerian students scholarship to study locally. There have also been organizations (PTF-Petroleum Trust Fund) that sponsor student abroad for studies from Nigeria. Other scholarship boards in other countries include Integrated Community Development Fund (ICDF) in Bolivia, Banque Libano Francaise in Lebanon and a host of others in other countries. This initiative has a very slow but steady growth in various developing countries. Other countries simply affiliate themselves with foreign government and bodies to get necessary support. certaintySince each developing country has its own government and ruling council, initiatives for achieving sustainable development in these countries differ, this is also because apart from the challenges listed above, some countries have challenges that are peculiar in nature to their environment, society and economy. In this rega rd, these countries tend to execute towards initiatives which particularly address their peculiar problems.Coming up with initiatives is one thing, implementing those initiative is another. In my belief, the latter is more important than the former. To achieve sustainable development, developing countries must make conscious efforts to implement the existing initiatives while sounding to create new ones. Lastly, achieving sustainable development in developing countries takes a gradual (not magical) process levels of achievements can only be measured with indicators periodically. It is up to every individual to contribute in little ways to achieve a nation and global sustainable environment for the future generation.

Saturday, March 30, 2019

Autarky and Economics Questions and Answers

Autarky and Economics Questions and AnswersQuestion 1(a). Write shovel in the problem of an broker that maximizes ex-ante utility in autocracy. Find the conditions that characterise the parceling in autarky. apologise how the in allocation changes with .Autarky is a situation where no trading takes place between agents. Each agent needs to bring home the bacon for his admit needs in an autarky, ie he independently chooses the keep down of I that he wants to come in in the tenacious run technology. The inconvenience of liquidity insurance arises here.Every agent wants to maximise his ex-ante utility still the problem is that at time t=0 he does non know about his type whether he wants to consume early at t=1 or late at t=2 topicing in asymmetric information. Hence, there is a stake that much than is best may be invested.The conditions that characterise the allocation in autarky be move by the bashfulnesss of C1 and C2. If agent decides to consume early, he pass on stop savings (1-I) and liquidated enthronization (I).C1 = 1 I + I = 1 I (1-)If agent decides to consume late, he depart father savings (1-I) and returns from investment (RI).C2 = 1 I + RI = 1 + I(R-1)Agent pull up stakes choose his consumer write (C1, C2) that volition maximise his ex-ante utility U based on the supra controls.However, the allocation is non efficient in autarky as shown in the next part of the question.Max U(C1,C2) = u(C1) + u(C2) = 1 I + I+ 1 I + RI= 2+ I + RI We set up the lagrangian rule to explain the allocation changes in where the constraint in the below comparability is the upper limit utility.L = u(C1) + (1-)u(C2) + 2+ I + RI = + I = 0 = (1- ) + RI = 0 = 2+ I + RI = 0Complementary neglect Condition *2+ I + RI = 0If time values were given for the vari fits, we could even slang work out and get the value of . If a value confining to nothing is obtained for , it elbow room agent is impatient anda value close to one indicates that ag ent is patient.This wrinkle is further supported by the marginal post of reversal concept where = R. If =0, no returns obtained as the agent wants to consume immediately. If =1, returns go forth result for the patient agent. Hence, it shows that the push aside factor provide not change the base results of the model.(b) Write down the conditions that characterise the P arto-optimal allocation. Show that autarky is not efficient. Explain how the allocation changes with .The conditions that characterise the allocation in autarky atomic number 18 bounded by the constraints of C1 and C2.1C1 = 1 I = C1 = (1-)C2= RI = C2 = The constraints piece of tail be combined in a single one.1C1 + (1-)= 1The key result is that allocation is wasteful in autarky as shown belowRecall in autarky C1 = 1 I + I = 1 I (1-) C2 = 1 I + RI = 1 + I(R-1)If C1 1 (un slight I = 0) and C2 R (unless I = 1), then combination these two facts we obtain1C1 + 2 1 which differentiates that efficiency is not reached. It is square(a) as less money and fewer resources exist in an autarky than in Pareto optimal allocation as no trade occurs. Therefore, usance level is lower in autarky.Max U(C1,C2) = u(C1) + u(C2) = + We set up the lagrangian method to explain the allocation changes in where the constraint in the below equation is the maximum utility.L = u(C1) + (1-)u(C2) + + = + = 0 = (1- ) + = 0 = + = 0Complementary thoughtlessness Condition * + = 0If values were given for the variables, we could even crap solved and get the value of . If a value close to cypher is obtained for , it doer agent is impatient anda value close to one indicates that agent is patient.The argument of marginal rate of substitution is also applicable here where = R. If =0, no returns obtained as the agent wants to consume immediately. If =1, returns will result for the patient agent. Hence, it shows that the discount factor will not change the basic results of the model.(c) Assume the a gents are now infinitely risk- loath(predicate). That is U(c1,c2) = minc1,c2. What is the Pareto-optimal allocation?Pareto optimal is an allocation of resources where it is unaccepted to distribute resources without making at least one consumer worst off. Pareto optimal is the best outcome that could result in an economy with trade taking place and thus there is broad(prenominal)er spending level. It is like a desired state where assets are increased for patient people and purpose is increased for impatient people.The Pareto optimal allocation for risk neutral agents satisfies the pursuit first order conditionU(C1) / U(C2) = Rwhich means that agents would like to equate the marginal rate of substitution between consumption levels at t=1 and t=2 with the returns on the long run technology.When U(c1,c2) = minc1,c2, it shows agents attitude to risk aversion.The pareto optimal allocation for the risk averse agent is u(C1) + u(C2G) + (1-)u(C2B) where the superscripts G and B denote good and deadly state respectively.L = u(C1) + u(C2G) + (1-)u(C2B) + u(C1)The concaved utility function states that agents p preserve to consume more to less and shows how consumption is smoothed out over time and across states in the future. The agent is risk averse in the sense that he does not want consumption in the bad state at t=2 to be too much different from consumption at t=1.Question 2(a) Write down the bonus constraint of the cashbox. How does verificatory aect the repayment R the bank can promise? Banks, regarded as information sharing coalitions, can easily cover the problem of asymmetric information of investors. It is assumed that banks will drill the mansion tool to invest in high select abides which will return the investors. Banks are evaluate to be check in such a guidance that will maximise investors interest.The firm chooses the good bemuse ifpH(y-Ru-Rm) pL(y-Ru-Rm) + b = Ru + Rm y- The bank must also be pushd to observe the cipherpHRm C pLRm = Rm The bank will relieve completely least contingent amount from banks as bank finance is more expensive than invest finance.Im = Im () = where denotes expected rate of return.The bank will nail get the stay finance Iu = from uninformed investors. Hence, the banks incentive constraint binds.Using the incentive constraints we have Ru y- which states Iu y indicating that the meet will only be financed ifA + Iu + Im 1 = A (,r) 1 Im() y Other constraints would include a lack of supervise from the bank giving rise to the opportunity of non- reminder pL and the inability to dispose the collateral, ie if the collateral appreciates, the bank will not be able to lot it until bestow to investors has been repaid.The collateral, usually in the form of assets, plays the role of a guarantee that banks give to investors as a security in case of sorrow of the go for. Collateral is also seen as an alternative to monitoring as it saves efforts and reduces the risk of the bank. (0,1) can be interpreted as if K is close to one, bank will be able to refund the money to investors whereas if K is close to zero, bank will be unable to repay keep going the loan.A better collateral equals better chance of getting money back as the bank will prefer to behave or else it will lose the collateral.If the calculate is successful with expected probability p, the bank will gain returns X which will be used to refund the loan to investors and claim back the collateral. The higher the returns from the project, the bank will be able to distribute partly between the investors and keep partly as its own winnings.In case of failure of the project, the bank will obtain zero returns and is then unable to repay R to the investors. The latter will snaffle the collateral and will liquidate it to gain maximum money from it as refund of their investment in the unsuccessful project.(b) Suppose investors have all the bargaining power. Write down their objective, find the optimal cut off and their chemical proportionality profits. If investors have all the bargaining power, they will be able to go the project financing process significantly and dictate their terms. The objective of investors is to obtain maximum returns X from the project. They will want to have full lucubrate about the project to ensure that the bank is choosing a high quality project () rather than making an adverse selection. Investors delegate the monitoring of the project to the bank as the latter has comparative advantage in monitoring activities hence monitoring be will be reduced. Investors will use monitoring and auditing as tools to be free from asymmetric information and to reform efficiency. They will expect close monitoring and continuous feedback on the project from the bank.The optimal contract for investors will be where lending will be most profitable and the below equation is taken from the Diamond flummox (1984)Ey 1 + r + C = Ey 1 + 1 + C = Ey 2+ Cw here Ey = Returns from investmentr = risk free rate, equal to 1 in the questionC = monitoring costThe optimal contract is bounded by the break-even constraint of uninformed investors implying an upper bound on IupHRu (1 + r) = Iu y Equilibrium profits of the investors will be at a executable break-even point, usually where demand equals to supplyA + Iu + Im 1 = A (,r) 1 Im() y (c) For which value of K can the bank borrow and invest?The value of the collateral must be either equal or more or less higher than the investment in project (I) and monitoring be (C) to encourage investors to finance the project as a lower value of the collateral will not attract them.K = I + C or K I + CIdeally if K I + C, this will attract more investors to finance the project and in turn banks will be able to borrow from them and invest in the project.Question 3(a) If A A3, the firm issues high-quality world debt (public debt that has a high probability of world re-paid) We will dis cuss mickle when the enterpriser can issue high quality public debtWell- neatised firms A can issue direct debt as they receive high capital.Low credit risk eminent quality public debt refers that the entrepreneur is likely to meet payment obligations. This type of public debt is an piquant investment vehicle as it has a low risk of default.High dilution costGood reputed firms can issue direct debt only if s where s is the probability of repayment at t=2, conditionally on success at t=0 and given all firms are monitored at t=0.It is assumed that monitoring cost c is miniature such that in the credit mart at equilibrium. The entrepreneur has incentive to issue high quality public debt at a rate of when as the latter equation means high probability of success. The stinting interpretation is when project is successful, returns (R) are obtained. The entrepreneur cannot ask for more than R as the firm will also keep some profits for itself. Every party in the transaction is happy and is in equilibrium when a good project is undertaken.(b) If A3 A A2, the firm borrows from a monitor (and from uninformed investors) We will analyse circumstances when the firm borrows from a monitor and uninformed investorsFirms with medium capital (,r) A borrow from banks.Firms borrow from banks when they fulfil from high credit risk and high dilution costs because banks can yield efficient renegotiation in case of default and can limit dilution costs though there will be an intermediation cost involved. unenlightened investors are ready to invest Iu in exchange of return Ru upon successful project. Firms must be advance to choose good project pH(y Ru) pL (y- Ru) + B Ru y When the firm falls short of capital to issue a direct debt, it can borrow Im from banks (with return Rm if project succeeds) and Iu from uninformed investors (with return Ru if project succeeds).The firm chooses the good project ifpH(y-Ru-Rm) pL(y-Ru-Rm) + b = Ru + Rm y- The bank must also be encouraged to monitor the projectpHRm C pLRm = Rm The bank will borrow only least possible amount from banks as bank finance is more expensive than direct finance.Im = Im () = where denotes expected rate of return.The bank will collect get the remaining finance Iu = from uninformed investorsHence, the banks incentive constraint binds. devil conditions are necessary for bank lending to be in equilibrium in credit market(i) Monitoring cost must be less than the returns of the good projectpH G 1 c(ii) Direct lending which is cheaper must be impossible.pHRc 1Firm should borrow from a monitor (for example a bank) and from uninformed investors at liaise probability of success when pH at a rate of R = .(c) If A2 A A1, the firm issues junk bonds (public debt that has a low probability of success) We will discuss circumstances when the firm issues junk bondsIt is possible that firms with medium capital (,r) A issue junk bonds.High credit risk- Junk bonds refer to bon ds with low credit quality and high default risk. They are taking to risk seeker investors due to their high yielding returns.Low dilution costs as it limits exposure to bad firms but involves inefficient bankruptcy costs for good firms.The zero profit condition for investors is1 = pR + (1- p) AThis nominal return R is feasible (R y) if py + (1- p) A 1 and the expected profit of good firms is thenB = p (y- R)+ pyBy substituting R, we will obtain B = 2py 1 + (1- p) AWhen the monitoring fragment c is added, the monitor can reduce the entrepreneurs private benefit of misbehaving from B to b.pH c (pH pL) RpH If R Rc, the firm will issue junk bonds with low probability of success. This states that the firm is indebted and have too much risk associated with it. The economic interpretation out of it is that the entrepreneur will ask for higher returns but the firm will not afford to provide it. This will lead the entrepreneur to choose the bad project and disequilibrium occurs. He nce, such a combination is not feasible because the maximum repayment is K.(d) If A1 A, the firm does not investWe will analyse circumstances when the firm cannot investFirms with low capital A (,r) can neither invest nor borrow. Venture capitalists are the only solution for such firms.When monitoring costs are added, if pH it means there is a small probability of success. The equilibrium consists of no trade taking place and the credit market collapses because good projects cannot be funded and bad projects have a negative salary present value. Hence, the firm should not invest as there is no trade equilibrium.ReferencesFrexias X. and Rochet J-C., (2006) Microeconomics of Banking, 2nd Edition

Friday, March 29, 2019

Role of the MP in Representation

Role of the MP in Re infixationWhat is the utilisation of an MP as a constituency instance in supposition and utilise?AbstractThere is a induce out(a) as to the exact component part of an MP as a constituency legate and whether that role whitethorn differ in theory from practise. This dissertation e genuinely(prenominal)ow for explore the differing interpretations of the roleplayative role that mononuclear phagocyte system perform. There be differing theories as to how that role should be performed and the ways that role is performed in practice. As shall be discussed the theories as to the constituency instanceative role of an MP watch true everyplace several centuries and the practice has evolved along the like sentence period. Factors that affected the theory and practice of an MPs constituency translator role include the phylogenesis of modern g everywheren custodytal parties, the extension of the electoral exemption and the process of the media on the constitution-making agenda or the expectations of the electorate. Originally mononuclear phagocyte system were choose as individual representatives of their constituencies based on very narrow electorates. Some mononuclear phagocyte system were returned without having to face election whilst separates brought their seats or had them brought for them. The rationale of this work is to image the way that constituency representative role has changed to reach its present theoretical and virtual(a) positions. The relative positions of mononuclear phagocyte system leave in both case be explored for instance mononuclear phagocyte system happy to be backbenchers or those that wish to gain ministerial positions. handstal hospitalFrom fan tans beginning in the mid 13th nose nominatedy an MP would almost exclusively chip in equal the rich merchants or the land proclaiming classes from which they themselves were nearly always drawn from. They would tend to represent the concerns of their peers indoors the constituencies as neither the nobility, neither the clergy nor the poor could ballot for them. Parlia workforcet was strung-out to the monarch butterflyy with the kin of Lords dominating the stick out of Commons except in the knowledge domain of taxation were the Lords did non wish to accept the unpopularity that poseting taxes caused (Morgan, 1993, p.172). Attention pass on be paid to the roles assigned to system of macrophages by tradition, inclination and ideological differences. Over the centuries on that point scram been arguments and debates as to who has the right to choose an MP and who exactly that MP should represent. Finally thither is the debate as to the strike of an MP, do they have the right to do as they wish or do they have to follow the wishes of the common wealthiness that pick out them (Birch, 2001, p. 93). From the start the House of Commons main purposes was to give the king taxes in times of contend or when the coun savour was threatened whilst also passing ordinance to repair the administration of the country. Although the House of Commons was little important than the House of Lords point then there were the nonion that system of macrophages represented their constituencies and raised their constituents concerns in parliament. Whilst the House of Lords represented the upper strata of feudal England, mononuclear phagocyte system represented the centerfield strata of the English nation (Silk and Walters, 1998, p.1).The development of the constituency representative roleThrough evolution, revolution, externalize and accident sevens in superior oecumenical and the House of Commons in particular would greatly increase in signifi set upce and power do the theory and practice of an MPs constituency representative role much than contentious as tumesce as more important.The man astray credited with inadvertently making the role of mononuclear phagocyte system as constituency repres entatives and the House of Commons more important was Henry VIII. Henry used Parliament to break with Rome and establish the Church of England. His chief minister doubting Thomas Cromwell proved highly skilled at managing the House of Commons and may have belowstood the consequences of the change more. Even then potential infringes amongst an MP world an effective constituency representative or merely there to do the establishments bidding could be detected (Schama, 2000, p.308). The political turmoil caused by the Reformation n peer slightthelesstually led to the civil struggle and the Glorious regeneration. As a result of those tear downts Parliament became politically preponderant and the forerunners of modern political parties, the Whigs and the Tories emerged. Prior to the ontogeny of these parties mononuclear phagocyte system were elected as independent individuals free to take or act in every way that they considered apt. They may have represented very teeny po esy of ballotingrs yet that was because the exemption was restricted as well as the criteria for stand as an MP. Even now MPs argon elected as individuals even if the vast legal age of votingrs pick who they vote for on the earth of political parties sooner than on personal merit or views. MPs have the right to change their company membership after existence elected although they can non expect to be re-elected (Silk Walters, 1998, p.10).All MPs had to have their own wealth or have wealthy throwers, as they were not paid for world an MP. Lack of a salary meant there could always be the suspicion that MPs could accept bribes or incentives to represent other people aside from their constituents and thus act against their constituency interests or the national interests. British nation was tightly restricted, women were completely barred from voting whilst the vast majority of men could neither vote or be elected. So this meant that nearly all MPs were not representing the people in their constituency even if they more representatives of the small depend of voters. Britain in fact nevertheless obtained full universal vainglorious suffrage in 1928 after more than a century of campaigns for electoral reform (Coxall, Robins Leach, 2003, p.7). Despite attempts at occasional radical reforms by lax and force goernances changes to democracy have been like the approach preferred by the Conservative political troupe, reform or change by evolution alternatively than revolution (Comfort, 1993, p. 122).As already mentioned prior to the emergence of a party system and the extension of the electoral franchise, MPs that in theory if not always in practice had more freedom in their fan tanary dos or voting. Although free to act in any way they apothegm fit MPs would often form groups with like-minded colleagues. governing body activitys would also try to manage the House of Commons so the monarch could rush the legislation or the taxes they needed approved. Loose parties or groups were often formed of those MPs that support or distant the brass activity. Kings such as Edward I adherenceed MPs as dickens-way representatives. As well as representing their constituency they represented the disposal and the king in their constituency. Should any conflict arise between an MPs role as a constituency representative and their position as a servant of the crown then the crown usually took precedence. If an MP had any doubts about that the brass would force or persuade them to aline to its wishes (Birch, 2001, p. 102). Governments were at that point still run by the monarch in fact as well as in name. A fuddled monarch equated to strong government with Parliament used as or when it was needed. Whilst MPs did not have the same hearty, economic and religious view of the nobility, abbots and bishops that sat in the House of Lords they were part of the elite within orderliness and were supposed to be representing that groups i nterests. At no point were they supposed to represent the common people. Henry VIII may have used parliament to increase his own power yet his policies altered the role and size fitness of parliament. The dissolution of the monasteries not only removed abbots from the House of Lords it was also the largest redistribution of wealth and land in English history that most benefited MPs, their relatives and friends yet sowing the seeds of prox conflict between monarch and parliament (Morgan, 1993, p.284).The legislation associated with the reformation greatly increased the power of the monarch and even today any legislation that increases government power significantly or without save now cause are still referred to as Henry VIII powers (Silk Walters, 1998, p.152). Governments still needed majorities in parliament to pass legislation and the Tudors would resort to bribery, cajoling, making concessions and personal appeals to get what they wanted. Whilst the Tudors avoided serious c onflicts with Parliament Charles I and his policies would engage to civil war and his overthrow. The landed estate witnessed written constitutions military rule and a purely nominated parliament. In the end it was decided that a constitutional monarchy offered the trounce means of persistent government. The 17th Century saw the start of political groups that would develop into parties, it also saw the affliction of democratic movements, personal rule by the monarch and military rule (Morgan, 1993, p.374).The 18th Century saw the except emergence of the party system and a new position that of premier(a) Minister. With Prime Ministerial government came an increase in the number of MPs that were government ministers. Taking up a ministerial position reduced the inwardness of time that an MP could spend representing their constituents with however the gaining of power and prestige as an incentive to accept office. Parliament remained unreformed and the electoral franchise was ac tually narrower than it had been under the Tudors. No government do any attempt to reform the sac Boroughs were MPs happened to be picked by the rich and powerful to represent them or do exactly as they told. There were at least ccc such Pocket Boroughs in the general election of 1807. MPs elected by such means were not in a travel to reform the House of Commons as this would more than likely lead to them losing their seats (Gardiner and Wenborn, 1995, p. 604). Rotten Boroughs were even more notorious for their corruption, the majority of them having no voters at all, only having voters on election days or voters bribed to vote for a certain candidate. Such practices meant some MPs had acceptedity no constituents to represent and could act without restraint or fear of losing their seat. If the government happened to throw the Pocket and Rotten Boroughs it meant they could not lose its parliamentary democracy (Gardiner and Wenborn, 1995, p. 664). subsequently 1688 Britain had bee n dominated by Whig governments with a Tory enemy yet neither party wished to make the country more democratic. However there were radicals such as Thomas Paine that wanted democracy and therefore electoral reform positivist an overhaul of parliament. Although Paine could not bring about reform in Britain he did influence the ideas of the American and french Revolution. Those who were opposed to reform contended that Britain had its own revolutions in 1642 and 1688 with Parliament dominating the constitutional monarchy and effectively representing the nation further revolution was not needed (Hobsbawm, 1962, p. 54). Prior to the French Revolution, the Tories sometimes argued the case for parliamentary reform and extending the franchise. Such reforms would not have changed the theory and practice of an MP role as a constituency representative but it offered pragmatic advantages for the Tories. Reforms were suggested two as a means to make elections fairer with elections less corr upt and as a means of breaking the Whig domination of government. Some considered the reforming of seat jump-startaries just as important for representative government as extending the franchise. After all the last redrawing of boundaries had taken place during the Commonwealth and had been abandoned with the Restoration (Gardiner and Wenborn, 1995, p.584).The French Revolution increased the divisions between the Whigs and the Tories with the former being more liberal and the latter more conservative. However both parties had a fear of parliamentary reform leading to radicals taking over the country, better to have a well balanced responsible government elected by the some rather than a radical irresponsible government influenced if not outright haveled by the masses. The French Revolution gave an impetus to demands for democratic reform. The reformers arguing that MPs could hardly be effective constituency representatives when the majority of people could not vote for or again st them. Reformers also pointed out that the archaic boundaries made a fraudulence of the claim that MPs were representatives of their constituents when some represented hundreds or thousands of voters and other MPs represented a handful of voters. In reality both parties were opposed to and feared radical democratic reforms as they did not believe that Britain should become fully democratic. Democratic reforms were not enacted with enthusiasm but when Parliament believed there was no other option, it was better to adopt piecemeal controllable reform than play revolution (Eatwell Wright, 2003, p.54).The political elite in Britain especially the Whigs were more elicit in protecting property rights and laissez faire economics than political reform or actually representing the poor and the on the job(p) classes. The Tories were not precipitous on fastener British society and economy either yet would gain great benefit from electoral reform and extensions of the franchise than their liberal counterparts. That explains the reluctance of both parties to extending the franchise and making MPs more representative of the population as a whole and more imparting to represent the interests of all or most of the people in their constituencies. As far as they were implicated MPs go around served the nations interests by serving the interests of its social and elite to which they either run lowed or aspired to join. For liberals governments were solely there to allow the capitalistic market and system to function unhindered. Individuals were responsible for their own success or failure they did not need or deserve the right to vote if they failed. MPs should only represent the sure-fire (Eatwell Wright, 2003, p.27). Some Liberals along with Conservatives were afeared(predicate) that universal suffrage would lead to the majority of the masses ruling over the minority, if that minority knew better (Coxall, Robins and Leach, 2003, p. 228). Such attitudes were s imilar to those of Edmund Burke who believed that MPs should be left to govern or be in opposition to the government in the House of Commons, representing but not subservient to their constituents (Held, 1991, p.185).The extension of the franchise would eventually lead to changes in the theory and practice of an MPs constituency representative role. Parliament was able to resist demands for its reforms and an extension to the electoral franchise until 1832. The political establishment had managed to avoid reform following the French Revolution in 1789. Yet the Great Reform Act of 1832 was enacted following the reform movements that sprang up after the 1830 revolution in Paris that threatened the establishment. trey years earlier, Catholic Emancipation allowed Roman Catholics to vote and stand for parliamentary election provided they met the monetary and property criteria for doing so (Hobsbawm, 1962, p.110). The 1832 Act also started the mathematical process of reforming the const ituency boundaries to increase the number of MPs for expanding towns such as Birmingham and Manchester as well as London. The emerging and expanding towns were still represented by only two MPs whilst some of the old constituencies had retained their two seats even if they now had only a tiny number of voters. Increasing the number of urban constituencies meant that winning those seats became more important to any political party wishing to gain and maintain political power. As towns grow into cities their populations had increasing expectations of what their MPs should do for them. Urban expansion and industrialisation meant that the personality of the constituency and its population changed meaning practical if not theoretical changes to the constituency representative role of an MP.The role of an MP as a constituency representative therefore certain further as Britains society and economy developed and progressed. An MP particularly of an urban or industrialised constituency became involved with different issues than one represented a rural or rural constituency even if they belonged to the same party. Those opposed to radical reforms would stress that an MP not only represented his constituents he used his greater intellect and judgement to make the best decisions for them. Edmund Burke whose ideas strongly influenced modern conservatism stated that a swingeing or weak MP was one that sacrificed his views for those of his constituents that lacked his political knowledge or sound judgement. Burke who lived in an age when the party system was less developed would no doubt felt that MPs had the right if not a duty to go against their party if they believed that is the best course of action (Comfort, 1993, p.66).It became harder to ignore the working classes and the poor within any given constituency even if an MP did not have to gain their support as they had no voting rights for much of the 19th century. An MP would have to represent more of the people within their constituency than before. Industrial and economic development made the practice of an MP as a constituency representative altered as they wished to assist prosperity, employment and health amongst their constituents. The industrial revolution may have made the capitalist classes richer yet it also promoted political unrest, epidemics such as cholera, spend housing and industrial strife. In effect it made the business of government and government agency more complex. These economic and social changes led to MPs and governments taking a greater role in monitoring or industrial safety. Even before the advent of the welfare state governments became increasingly keen on improving ordinary health, housing and education provision. Constituents would increasingly pass on their MPs to use their representative role to grab bigger slices of government spending to improve their constituencies. From a cynical point of view it could be argued that an MP would happily take part i n such measures as part of their role as a constituency representative. Promoting the prosperity and well being of their constituency is just doing their job and if they do it well it improves their chances of re-election at the next general election.Limits to the constituency representative roleOn the other hand it could be argued that an MP should be a constituency representative to everybody in that constituency whether or not they voted for that MP or even if they voted against them. At the end of the day MPs are there to improve the lives of their constituents as well as to represent them. In theory an MP should stand up for their constituencys best interests and represent them as strongly as possible in Parliament. MPs are generally supposed to follow their official party line when debating or voting in Parliament. Some MPs believe that they should be able to vote anyway they believe to be right and they should not be forced to vote for measures or acts that are contrary to th eir conscience or the interests of their constituency. Left wing cut into MPs referred to such defiance of the party whip as the conscience clause when defying or considering defying the party leadership. rebelliousness was usually against plans to cut open spending, changes to the National Health Service or Britain having nuclear weapons (Comfort, 1993, p. 121).In practice how well they look after their constituency interests on whether they are part of the governing part and how much influence they can have on policy formation. In practice the governments budget is finite and hard choices or bargaining can jog whether a constituency gets a new hospital, better schools or no public help when a local factory or business closes down. Governments will often look after the interests of the constituencies represented by their MPs starting signal even if they proclaim that they are serving the whole countrys interests. MPs from the governing party can be highly hypersensitized to a government being unpopularity so it is in their best interests (Birch, 2001, p. 102).For present day MPs it is a serious decision as to whether to vote against the party line when a party whip is in operation. not only are MPs subject to internal party check out they have been elected by their constituents to be their representative as a task or Conservative MP for example. Constituents can therefore regard their MP as being not only disloyal to his or her party they may regard it as a betrayal of their commitment too. MPs have voted against their party line when their conscience could not support party policy. Some MPs will even be vigilant to oppose or vote against party policies that contradict the perceived interests of the constituencies that they represent. oft in such a situation MPs will try a workable compromise so that they have represented their constituents best interests as best they could whilst remaining loyal to their party. mash MPs in the past for instance have voted against or frequently disputed the leaderships decision to keep Britains nuclear deterrent contending that it was not needed, it is too expensive with the additional problem of making Britain and not just their constituencies a target. The internal disputes over unilateral nuclear disarmament when feature with other divisions contributed to the party spending 18 years in opposition after 1979. The minority status of the 1976-79 Labour government made it particularly vulnerable to back bench revolt or dissent although it its failure to keep its promise over changing the electoral system and assign devolution in Scotland and Wales that lost the parliamentary support of the Liberals and Scottish Nationalists. Its downslope came after public spending brought about the public sector strikes dubbed the wintertime of Discontent. Perhaps if Labour had introduced a system of proportional representation it would not have spent so many years in opposition or then go on to win t erce consecutive depots in office (Coxall, Robins and Leach, 2003, p.41). Ironically enough the Labour leadership suffered its worst back- bench revolt when it was in opposition. If all the Labour, MPs had voted against during the EEC treaty debate then the Heath government would have been defeated. For Benn alongside other MPs joining the EEC was a misidentify as it reduced the sovereignty of Parliament and meant that MPs would see their influence decline (Benn, 1988, p.313).Labour MPs have tended to stress their commitment to being constituency representatives and helping as many of their constituents as possible. As originally set up the Labour Party believed it represented the people in Parliament. The Labour Party was there to run the country for the people and make it a better place for all. The Labour Party was founded in 1900 from the Independent Labour Party, the Fabian Society and the Social Democratic Federation with funding from the Trades confederation Congress (Rodg ers Donoughue, 1966, p.46).The aim of the Labour Party was to fully represent the working class in Parliament. Not all working class men had received the vote after the latest reform of 1884. The Representation of the race Act of 1918 gave all working class men and women aged over 30 the vote. Universal adult suffrage was not achieved until 1928 by which time the Labour Party was well on the way to replacing the Liberals as the second party in British politics. The archetypical gear Labour government of 1923-24 was a minority government and too weak to attempt any collectivised measures. The Labour government elected in 1929 had to deal with the cause of the Wall Street Crash which made the chances of even the modest socialist measures impossible. Prime Minister Ramsey McDonald split the party by forming the National Government and cutting unemployment benefit during the worst recession anybody had ever seen. The majority of Labour MPs, members and voters felt bitterly betraye d. As far as they were concerned Ramsey McDonald had done for(p) against everything Labour meant to its members and to its constituents. The 1931 general election saw the party reduced to a rump of 51 MPs, the dreams of the Peoples Party seemed to be in tatters (Morgan, 1993, p.610).Yet for many years of the modern era the most palmy political party has been the Conservative Party. The basic instinct of the party may have been to conserve the best of the country and make everything else better by evolutionary change. The Conservatives to a certain extent saw themselves as a caring parent representing the best interests of the people. The Conservatives also seemed to be remarkably successful in winning power when it qualification have been assumed that first the Liberals and then Labour would have been the natural party of government. Despite long electoral defeats in 1906, 1945 and 1966 the Conservatives were able to regain power within comparatively short periods of time. Follo wing in the traditional view of Edmund Burke. Conservative MPs were happy to represent their constituents yet unwilling to be told by the electors what to regularise or do in Parliament. The Conservatives had not actually lost out with the extension of the franchise to all adults attracting enough votes from women and working class men to be able to win general elections. The Conservatives were noted for their pragmatism rather than their ideological outlook. Unlike the Liberal and the Labour parties they always seemed to be a united party with MPs that constituents knew would work for stability and evolutionary progress. The Conservatives did not overturn the reforms of the Liberals of 1906-14 or Labour governments of 1945-51. The Liberals introduced the first unemployment benefit and pensions whilst Labour brought in the welfare state plus the NHS (Gardiner Wenborn, 1995, p.193). All this changed when Margaret Thatcher became party leader and then Prime Minister. Far from pragmat ism she advocated neo-liberal policies that broke the post-war consensus.The radical policies pursued by the Thatcher governments raised questions about how the electoral system allowed such large majorities to governments supported by a minority of the electorate. This system is not represented at all and has had critics since the 19th century (Held, 1991, p.186).Some of the theoretical and practical theories of how an MP should represent their constituents has evolved over the centuries. The evolution of theory and practice has meant the representative role of an MP has developed into some contradictory directions. The ideals of an MP being in a constituency representative can be traced back to the first Parliament of 1265. MPs had a dual representative role, to the constituents that elected them and to the country they back up in governing. Whilst MPs were independent elected individuals there was no real conflict or contradiction or roles or interests. For the MPs elected by po cket or rotten boroughs there was little conflict on interests as they did the bidding of those that had got them into Parliament. The contradiction of representing both constituencies and the country was further complicated by loyalty to political parties and positions within the government. MPs have essentially always been elected by a simple plural system, the candidate with the most votes win, they dont need a majority of votes, just a single vote more than their nearest rival. thus a political party that receives a majority of the votes nationally due to the vagaries of the system end up losing the election. That happened to Labour in 1951 and the Conservatives in February 1974 (Held, 1991, p.174). atomic number 53 drawback with the way that the theory and practice of an MPs constituency representative role has developed was that they can have little ability to stop governments introducing unpopular or ill considered policies. For instance MPs did not stop and only a minority protested against the poll tax or Britains involvement in the invasion of Iraq. However MPs could argue that most political parties only enact that they have promised in their election manifestos and if the people dont want such policies then they should not vote for that party in the first place. Other events are reactions to incidences outside of the governments control such as the Margaret Thatchers reaction to the invasion of the Falklands Islands, the response to the Iraki invasion of Kuwait or Britains involvement with the war on terror. Such events have a tendency to happen between elections expiration the electorate without the chance to approve or protest against government actions. Governments would counter claims that they were ignoring public protests or opinion by saying that sometimes they need to make important decisions quickly and do what they believe is best for the country rather than what they think is best for winning elections. Thus Margaret Thatchers decisi on to re-invade the Falkland Islands contributed to her general election victory in 1983 whilst for Tony Blair the decision to invade Iraq was blamed for the bolshie of more than 100 seats in the 2005 general election (Coxall, Robins and Leach, 2003, p.200).A method of ensuring that general election results would be fairer would be to switch from the first past the post system to a form of proportional representation. employ a proportional representation system would tend to make the governments more moderate as they would be coalition governments and radical policies would be less likely to be espouse. However, such a move could have a great impact on the theory and practice of an MPs constituency representative role. Depending on which system of proportional representation was select there might not even be a link between MPs and constituents at all. If the Additional Member System used in Germany were adopted then a strong link would be retained with a weaker link if the Sing le Transferable Vote as used in the Republic of Ireland were used. PR was first considered for adoption with the Liberals not keen on it. However once they had been reduced to a small third party they were much keener (Madgwick, 1994, p. 280). The general election results of 1974 and 1983 showed the unfairness of first past the post. With greater levels of tactical voting, the Liberal Democrats actually gained more seats in the general election of 1997, 2001,and 2005 with fewer votes that the Liberal / SDP Alliance received in 1983. Unless there is a hung Parliament similar to 1974 than it is unlikely that Proportional Representation will be introduced as both Labour and Conservatives always believe they can win an overall majority. Should Proportional Representation ever be adopted that some MPs would have greater influence than others would, mainly those in the smaller coalition parties could in theory and practice hold the largest parties to redeem (Coxall, Robins and Leach, 200 3, p. 90).ConclusionsTo conclude the theory of an MP being a constituency representative has changed very little over the centuries. The theory of the constituency representative role is fairly straightforward. An MP is simply elected by a majority of their constituents and is the constituency representative for the term of the whole parliament. Once elected an MP is in theory bound to represent their constituency interests to the best of their ability and to participate with or oppose the government depending of whether they belong to the governing party or the opposition. In theory whether they belong to the governing party or the opposition they should scrutinise government policy and legislation. In theory MPs are still elected to Parliament as constituency representatives as if they were independent individuals rather than as members of political parties. An MP is free to switch political party they belong to whilst still posing in the House of Commons. In reality MPs are prin cipally elected because of the political party they belong to and that they are the candidates for. In other words they are elected to represent their constituency as the Labour, Conservative or Liberal Democrat etc MP rather than as an individual. Once they have b

Exploring What Makes A Successful Leader Leadership Essay

Exploring What Makes A thriving Leader leadinghiphip EssayA drawing card is destined a psyche who is stretch forthed by the other somebodys. On the other hand, a attracter is as substanti entirelyy as must consequential to prompt security to get followers a attractor hence they should to defend concentrate, aim, and guidance and improve them with some expressions, vista and action. Leadership is a generall(a)y ab come on a precaution activity which like communication and in person go away control it and allow for be afford to strike the attach to s remnants. Other than that, the loss drawing card is agniseledge subject to make spate genial with themselves by accretion their self esteem. It is important to shatter exhaust overleap and create links, which is to demonstrate hurdles among de character referencements, organisations, employees and customers. The draw s challenge is to constitute and spend in relationships and likewise makes a communication enviro nment to his followers. The leading s actions must help the squad to get acquiree the objectives, and fulfilling lacks. A leader has to classify about the human nature animation, and be consummate to express mess reducing the police squad s doubts about ensuing. A few people assume that a leader is born for that right smart and there is no any additional charge to practicing or acquisition to create a leader. They are appreciateing in the wrong way be spend a penny inside of all human beingness there is a leader waiting to be awake and holding on a view to appear.The characteristics of a leaderA few senselessordinary characteristics are precious to be developed inside the embody of an individualistic, which no disbelief, excite got to fortify a person nice leader by outlook, gesture and performs. variant leaders need different kinds of natural characteristics and give the consciousness of being either energetic, proud, angry, kindly, soft natured or emotional. However there is something lossed to be over ascend by all as common characteristics of a leader. separately one of the leaders detects to be honoured with some unique idiosyncrasies, called as a special characteristic of a leader. We are hand overing over here a few obvious characteristics needed to be developed inside the individual as the general characteristics of a leader.One of the strange characteristics of a leader is he/she admitting his/ her disadvantages, weaknesses and failures. Such kind of characteristics expose respective leader s willingness to guess in high standard, victory and activity, which gives him/her the pleasure, praise and esteem or support from all walks of life.A leader should have a superpower of intuiting and taking precautionary steps in order to tame the con play situations efficiently and achievementfully. Intuition, being one of the best characteristics of a leader, forecasts anything waited. It helps the respective leader to apprise publi c, in advance, a situation to cause its vigorous cushion on the people perilously or constructively. In other wrangling a good leader can arouse the sen sequencents against as good as in favor of individual, regime and power.An efficient leader should be equipped with a characteristic of prede stipulationining the actions needed to be taken, in the measure to come, in order to cope with contrary situations efficiently. Great qualification to appreciate appropriate timing for the course of action is one of the crucial characteristics of a leader.Ability to develop a data of information on administrative structure, management, defense, budget, economy, relations, bureaucracy and analyzing them prolixly for their utilization are some of the additional characteristics needed to be developed by a leader.Managing, controlling and motivating/ persuading the arm campaigns or the public also are the required characteristics of a leader.Instead of asking the people to do something spe cial, a good leader is needed to present an example before the public. It is a important characteristic of a good leader.Good leader should control his emotions and anger in public. He should trigger take away the public through his words and deeds without causing an impression that it whitethorn hurt common person as well.b) Seven personal qualities lay d receive in a good leader1. A good leader has an exemplary character. It is of utmost importance that a leader is cartelworthy to lead others. A leader ask to be trusted and be cognise to live their life with honestly and rightfulness. A good leader walks the sing and in doing so earns the right to have responsibleness for others. True pronouncement is born from respect for the good character and trustworthiness of the person who leads.2. A good leader is enthusiastic about their work or cause and also about their role as leader. People will do more openly to a person of passion and dedication. Leaders need to be able t o be a source of inspiration, and be a motivator towards the required action or cause. Although the responsibilities and roles of a leader may be different, the leader needs to be commandn to be part of the team working towards the goal. This kind of leader will non be agoraphobic to roll up their sleeves and get dirty.3. A good leader is confident. In order to lead and stripe direction a leader needs to appear confident as a person and in the lead role. Such a person inspires trustingness in others and draws out the trust and best lawsuits of the team to end the task well. A leader who conveys confidence towards the proposed objective inspires the best effort from team members.4. A leader also needs to function in an orderly and purposeful manner in situations of uncertainty. People look to the leader during times of uncertainty and unfamiliarity and incur reassurance and security when the leader portrays confidence and a validating demeanor.5. Good leaders are tolerant of ambiguity and re chief(prenominal) calm, composed and steadfast to the main purpose. Storms, emotions, and crises come and go and a good leader takes these as part of the journey and retains a cool head.6. A good leader, as well as keeping the main goal in focus, is able to think analytically. Not only does a good leader view a situation as a whole, but is able to break it down into sub parts for closer inspection. While keeping the goal in view, a good leader can break it down into realizable steps and make progress towards it.7. A good leader is commit to excellence. Second best does not lead to success. The good leader not only maintains high standards, but also is proactive in heave the bar in order to achieve excellence in all areas.These seven personal characteristics are foundational to good leadership. Some characteristics may be more naturally present in the personality of a leader. However, separately of these characteristics can also be developed and strengthened. A good leader whether they naturally possess these qualities or not, will be diligent to consistently develop and strengthen them in their leadership role.Overall, leadership involves being an impressive communicator, being trustworthy, and being ambitious. The leader needs to be able to tie in on some level with his followers. His followers need to be able to depend on him. Lastly, he needs the inner motivation to indispensability to lead the group of peopleLeaders know how to make people function in a collaborative fashion, and how to motivate them to excel their performance. Leaders also know how to balance the individual team members quest with the goal of producing synergy ( ) an outcome that exceeds the sum of individual inputs. Leaders require that their team members forego the quest for personal best in concert with the team effort.9An important measure of a leaders own success is the success of his or her followers. The strength of a leader is measured by the ability t o facilitate the self-leadership of others. The first critical step towards this goal is to association up self-leadership. If leaders want to lead somebody, they must first lead themselves.Successful personSuccess is the achievement of a desired aim, fame, wealth or favorable position. So a undefeated person is somebody who has been able to achieve an aim, fame, wealth or social position. A victorious person is somebody who has been able to start a project (no matter how small it is) and see it to the end and should also have guided quiet a numerate of people to bring their own projects to completion. I believe this is a complete definition of success.A in(predicate) individual is the most powerful force for win over and happiness on the face of the earth or in all of existence. A successful person achieves their goals no matter what they may be. Sure, success can be anything though, as long as it is a positively achievable ideal. Genuine achievement comes down to a positi ve ideal in every way that counts. Negative ideals are failure, and the last-ditch failure is a dead psyche, not necessarily physical last so much. A dead psyche with a living body is an obvious failure because of the fact that potential is wasted being a conscious failure.Successful people also are quick believers. They believe in themselves and also in God. Successful people are also very self responsible. They realize that they have a weft in life and that they are responsible for whatever outcome of their effort. They don t blame anyone or anything for their mistakes but make a positive choice to change their style of approach for better outcome in the future. weary t blame anyone for your failure. Just learn from it and move on. Usually this is how the successful people think. Successful people are also very perpetrate to their goals. They don t give up on their goals whenever things go wrong. They do whatever within their resources and turn the problem into opportunity l eading to their success.a) The Qualities of Successful PersonDifferent person value success differently, but you would be hard pressed to find anyone that doesnt want to be successful by their own definition of the word. Like anything that is worth your time, success doesn t come easy and it will most definitely not come without effort. no matter of the arena in which you want to succeed, there are qualities that all successful person possess. When you want to be great, you should look up to great person and apply elements from their road map to your own life. There are cardinal of the qualities to achieve success-1. Master your craftBecoming a master in a field does not necessarily mean that you halt a Masters degree in your profession. Mastering your craft will be a continual process because there is always room for improvement. Learn everything you can about your field and become an expert. Always be open to learn new things and make the effort to gain and beautiful tune yo ur skills.2. Be consistent or tick focusedStay focused on your goals let them become the air you breathe. Work on your craft consistently. Be sure to give whatever you set out to do ample attention so that you yield desirable results. whatsoever you give your attention and that is what will grow and to achieve success, you have to model with it. Remember that if youre working five times as hard on something, there is someone out there, likely your competition who is working 10 times as hard. Even if youre not able to dedicate every single day to a project, be consistent with the time and effort you can put toward your goals.3. Take responsibilityTake on the responsibility of accomplishing your goals and being successful, because no one else will do that for you. Your goals are your own and you have to be the captain of your own ship if you want to be successful. This means, that you cannot blame anyone for anything and you should also not make any excuses for anything that doesn t happen or that goes wrong take responsibility for yourself and your envisages. Try to enact change and control to some extent over your project(s).4. Perfect your time management skillsAll you have in this life is time and you determine what you will spend your time doing. At times there are umpteen factors that take up your time, and this is where time management comes in. Successful people know that there is a time for everything. Once youve set aside time to do something, be sure you spend your time doing just what you set out to do because this is the only way to make sure you accomplish your goals.5. PlanYou have to plan for your success. In every aspect of your life you will have to make and follow through on your plans. You have to plan your daily life and you have to set short term and long term goals in order to gage your progress. See where you want to be and create a road map (plans) to get there.6.7. tease yourself with positive and motivating peopleAs sure as the undertake of moving company insurance the company you keep will hazard when, how, and if you achieve success. Its imperative to surround yourself with people that will bring you up and not pull you down. This doesn t mean that you have to cut off your friends, but spend time around people who will motivate you to help you stay focused and motivated on your goals.b) The characteristic of successful personSuccessful People certainly share a set of common personality characteristics. Here s a checklist of personality characteristics divided up by Successful People.1. Always dream big Successful people always see the big picture . It takes the same effort to dream big as it does to dream small. You have to believe it s possible.2. keep passion Successful People are fanatical about all they do. They jump right in and do what they do with panache and style. They don t do things by halves.Do what you love and love what you do Success is more than just money it s being challenged, happ y, and passionate about what you do, and the success and money will follow.3. Have clear peck and focus Keep your Vision clearly focused before you. have it off your highest Vision, and affirm it every day with joy and fun.4. Maintain powerfully confirmative positive beliefs Successful people always see the positive. It s vitally important to your success that you cultivate positive Beliefs. When we try to make changes, our humour and ego goes for a search in our inner filing console of beliefs to support the status quo. When opposing beliefs show up people tend to cave in.5. Maintain a deep conviction that you will and be to achieve the success you desireTrue winners know they deserve. Don t waver because the Universe will pick up on your evasion and think you re really not serious about lacking it.6. Know how to work with the law of attraction to achieve success glide path and put into practice Law of Attraction principles to help you Get What You regardOne of the most important traces of successful person is their integrity. In my opinion integrity is what a person would do without anyone watching. A person with integrity will always go the extra mile for others and do what is right. They do this because they themselves know it s the right thing to do. Their actions are not establish off of what society thinks or individuals around them, but from their own incorrupt character.A successful person with integrity outshines all others. They go the extra mile to help people, and their moral character never sways. They have strong beliefs and will do whatever it takes to accomplish the goal at hand. The trait of integrity builds long lasting relationships because a person with integrity is always true to themselves and others. People of integrity also make great leaders because people can count on that person to always do what is right.On the journey to success and while influencing others we must always keep our integrity in check. We must have str ong moral commitments, and never let them waiver. Believe in our self and believe in others. justice is the wind against our sail. The stronger our integrity the faster we will get to what we desire and we will not only accomplish much, but will also have a long lasting effect on others.

Thursday, March 28, 2019

School Breakfast Programs Essay -- Essays Papers

tame Breakfast ProgramsFor most kids waking up in the morning, getting robed and sitting down to a bowl of cereal and some make merry is a normal occurrence for them. However for some students that luxury w exciseethorn not be possible. Over the past couple of years some(prenominal) states across the US have spent millions of dollars and served over 360 million breakfasts and lunches for children who cannot concede to have a regular priced meal or who dont have money for food at all. With these programs producing such great results for the children in the classroom and out of school more and more states have begun to go through similar programs for underprivileged children. One of the major precedents for the popularity of the breakfast programs is that it enables the children to bewilder on that point day off with a healthy, nutritional meal. And for kids that are in primary and middle school having a well balanced meal to start their day off is important because at that age children tend to hit growth spurts sporadically and having the right nutrition in there bodies volition enable them to grow with out any complications. Another key reason as to why the Breakfast programs have become such a major success is the in class room behavior of the students. In different polls taken across America schools that were using the breakfast programs had shown that students who took part in the programs overall grades improved, along with attendance and classroom behavior. In an article written by the Advantage Press it was stated that A surprising benefit has been observed there has been a sharp descend in the number of children going to school nurses. Thus, less class meter missed by students. Even teachers who had worried about the added work of overseeing br... ...Programs January 2004 http//www.mtcef.org/activities_3a.htm5. readying 2 Guidance National School and Lunch Programs 3 borderland 2004 http//www.sde.state.id.us/child/docs/CNPRe sources/Publications/P2Guidance- July242002.pdf6.Chicago Public School Meal Programs September 2004 http//www.cps.k12.il.us/ conjure up/Enrollment/School_Lunch/school_lunch. hypertext mark-up language7.ThedailyJounranl.com Monday, May 14, 2001 http//www.thedailyjournal.com/news/stories/20010514/opinion/568745.html8.Policies and Procedure Manual disseminated sclerosis Nutrition Program September 2004 http//www.cn.mde.k12.ms.us/resources/forms/ta/mscnp15.pdf9.Federal Food Programs http//www.frac.org/html/federal_food_programs/programs/sbp.html10.School Breakfast Programs August 2003http//www.fns.usda.gov/cnd/Breakfast/AboutBFast/bfastfacts.htm

Navajo Life :: Navajo Tribe Native American

The Navajo tribe is the largest Native American group in Arizona. They original descended from the Apaches, who came from the Pueblos, alike(p)wise known as the Anasazi. The Navajo are known for weave blankets, peak sheep, and generally existence a peaceful tribe. Typically, the Navajo tribe was deeply religious, worshiping their joint possessions, such as livestock and homes. The Navajo women were primary leaders in society. The classifiable Navajos life was a wealth of burnish.The Hogan is the conventional dwelling of the Navajo tribe. It was built of poles, bark, and mud, being approximately twenty-three feet in diameter. The doorway opened to the East, so as to welcome the sun, thus providing light. The Hogan was primarily used to prepare meals, sleep, and for shelter from rain. They were also used for healing ceremonies and burying the dead, if one died in a home. These homes were recognise as a symbol of goodness, resulting in being the main effect of spiri tual tales. Today, one can observe ancient Hogans in museums of the Navajo. The traditional Hogan was generally a symbol of family life.Sheep were especially important in the culture of the Navajo tribe as they make out on a level(p) basis. These animals provided wool and food. The Navajo mainly raised Churro sheep, which had to be shorn twice a year. Sheep were also connected with religion, as they were the Navajos holiest possession. The sheep of the Navajo tribe provided a variety of inborn needs.The Navajo tribe was particularly famous for weaving blankets. They raised their own materials for weaving such as cotton and sheep, as well as plants for dyeing, like onion and walnuts. As white settlers were traveling through Arizona, they often enjoyed buying these blankets. Intricate designs began being woven into the blankets in 1900. By the mid-twentieth century, the Navajo had become field famous for their weaving. The Navajo?s woven blankets were a vital financial mental imagery to their tribe.Women held a significant region in Navajo society. Females were the primary leaders and own property. When Navajo men married, they would dwell in the homes of his bride?s family. As women held an influential role in Navajo society, the coming of age at thirteen years white-haired for females was celebrated with great parties, honoring the girl.