Essentials of Strategic Management

Origins of the Expression Honi Soit Qui Mal Y Pense

Roots of the Expression Honi Soit Qui Mal Y Pense Honi soit qui mal y pense are French words thatâ youll find on Britains regal layer of arms,â on the front of British international IDs, in British courts, and somewhere else of note. Yet, for what reason does this Middle French articulation show up in profound authority utilizes in Britain?â Starting points of Honi Soit Qui Mal Y Pense These words were first articulated by Englands King Edward III in the fourteenth century. Around then, he ruled over a piece of France. The language expressed at the English court among the aristocracyâ and church and in courtrooms was Norman French,â as it had been since the hour of William the Conqueror of Normandy, beginning in 1066. While the decision classes spoke Norman French, the workers (who involved most of the populace) kept on communicating in English. French inevitably dropped out of utilization for reasons of reasonableness. By the center of the fifteenth century, English again climbed to the seat, as it were, supplanting French in British focuses of power.â Around 1348, King Edward III established the Chivalric Order of the Garter, which today is the most noteworthy request of gallantry and the third most renowned respect granted in Britain. It isn't known with sureness why this name was picked for the order. According to history specialist Elias Ashmole, the Garter is established on the possibility that as King Edward III arranged for the Battle of Crã ©cyâ during the Hundred Years War,â he gave forward his own fastener as the sign. Because of Edwards presentation of the savage longbow, the well-prepared British armed force continued to vanquish a multitude of thousands of knights under French King Philip VI in this unequivocal fight in Normandy. Another hypothesis proposes an entirely unexpected and rather fun story: King Edward III was hitting the dance floor with Joan of Kent, his first cousin and little girl in-law. Her fastener descended to her lower leg, causing individuals close by to taunt her. In a demonstration of gallantry, Edward set the strap around his own leg saying, in Middle French, Honi soit qui mal y pense. Telâ qui sen rit aujourdhui, shonorera de la porter,â car ce ruban sera mis en tel honneur que les railleurs le chercheront avec empressement (Shame on him who considers underhanded it. Thoseâ who giggle at this today will be pleased to wear itâ tomorrowâ because this band will be worn with such respect that those taunting currently will be searching for it with much eagerness).â Which means of the Phrase These days, this articulation could be utilized to state Honte celui qui y voit du mal, or Shame on the person who sees something terrible [or evil] in it.â Je danse souvent avec Juliette...Mais cest mama cousine, et il ny a rien entre nous: Honi soit qui mal y pense!ï » ¿I regularly hit the dance floor with Juliette. Be that as it may, she is my cousin, and there is nothing between us: Shame on the person who sees something awful in it! Spelling Variations Honi originates from the Middle French action word honir, which meansâ to disgrace, disrespect, shame. Today is rarely utilized. Honi is now and then spelled honni with two ns. Both are articulated like nectar. Sources History.com Editors. Skirmish of Crecy. The History Channel, AE Television Networks, LLC, March 3, 2010. The Order of the Garter. The Royal Household, England.

Theorizing Emotion and Affect in International Relations

Theorizing Emotion and Affect in International Relations Theorizing Emotion and Affect in International Relations Theorizing Emotion and Affect in International Relations Academic Discipline: International Relations Course Name: IR Theory Assignment Subject: Theorizing Emotion and Affect in International Relations Academic Level: Graduate Referencing Style: MLA Word Count: 1,567 A productive assumption informing much of international relations theory and foreign policy analysis since the 1950s has been the pursuit of rationality by utility maximizing actors. While rationalism has provided a ‘policy-relevant’ means of not only interpreting the endless complexity of international politics, but also predicting likely future behaviour â€" it is increasingly questionable whether such assumptions are adequate. Academics interested in the foreign-policy psychology have questioned the presumed rationality of policy actors while interrogating the intersections of various levels of analysis â€" for example, the individual, the state and the system writ large. This paper examines one aspect of this interrogation: the study of emotion. In conducting this analysis, this paper will argue that the discipline requires a greater appreciation of the links between mind and body, and between emotion and rationality. Indeed, the discipline of international relations is argua bly well-situated to question whether reason and emotion truly exist in opposition at all. The relationship between affect (embodied impetus to act) and emotion has a long history in sociology and neuroscience, and while this paper cannot hope to do justice to the nuances and breadth of these analyses, it can touch on some central arguments that might be engaged productively in the study of international relations and foreign policy. The affective systems in the brain are functionally linked to the cognitive processes often framed as the solitary seat of reason; these functional links are intrinsic to our capacity to manifest rationality. This insight undermines rationalist approaches that not only presume a non-emotive rationality, but also assume that such a rationality is desirable. Emotion from this standpoint does not stand in opposition to rationality, but is actually a condition of its existence (see Mercer 2005). Given the willingness of individuals â€" consider suicide bombing â€" to kill themselves for an ideal (whatever that ideal may be), a central question of international relations should be whether rationalism and utility maximization can adequately capture the psychological and social motives behind such forms of political agency. By treating emotion as a functionally necessary component of rationality, it may be possible to better analyze emotional dynamics that are inherent in human commitments to socially constructed structures such as the state, or political parties. If our ability to act rationally is linked to emotion, then rationality itself must be linked to identities and the social structures they often embody. Therefore, by taking emotion seriously as a productive and necessary part of our capacity to understand and act in the world, we gain potential insight into identity formation, and how differing social dynamics at different levels of analysis may lead to different claims about what is normal and rational in the study and practice of international politics. Treating reason and emotion in opposition to one another has a history in Western thought stretching back to Plato and Aristotle (Damasio 1994: 170-171). This conflictual relation between the two phenomena is reflected in contemporary scholarship in the presupposition that reason’s role is to tame, or eliminate emotion from influencing rational deliberation; non-emotive reasoning is therefore considered essential to rational assessment (2000: 222-223; see also Marcus 2003: 183; Elster 1999: 55-76). More specifically, this assumption regarding reason’s primacy over emotion is reflected in international relations and foreign policy analysis via the assumption that it is a pre-condition to optimal political judgement in decision-making contexts; severing emotion from reason in decision-making rationality is considered necessary to efficiently linking means to ends (Marcus 2003: 185). It is evident therefore that any definition of emotion will fail to be satisfying to every scholar. Epistemic commitments, disciplinary considerations, and specific methodologies will undermine the appeal of emotion for certain bodies of scholarship (see Crawford 2000; Fineman 2004). Rose McDermott defines emotion as the following: “Emotion is one of a large set of differentiated biologically based complex conditions that are about something” (2004a, 692). This definition has the advantage offering multiple possible means of deploying the concept of emotion to the study of politics. Academics can assert emotion’s physiological dynamics, its aspects that are socially constructed, or some combination of both. Biologically, emotions are generated by changes in relevant body systems â€" the musculo-skeletal, the nervous system, the endocrine system, and the neurotransmitter and neuroactive peptide systems â€" whose interaction mobilizes and disposes humans to act in particular ways (see McDermott 2004a; Turner 2007: 2). Here, emotions are complex physiological responses to stimuli (external or internal). Emotions are activated via affective systems in the brain processing information and recognizing significance; this recognition produces an automatic behavioural response that contextualizes and informs subsequent cognitive processing. Emotions can also be understood as socially constructed. In this approach, emotions are produced, defined and re-iterated via socialization. Emotions here are shaped by cultural context (Crawford 2000: 128; Fattah Fierke 2009: 69-70). A key argument from this perspective is that the because the beliefs, judgments and desires characteristic of emotion are ultimately contingent, they will vary depending upon social context. Furthermore, cultural contextualization of emotion acts to restrain certain behaviours, while endorsing other cultural values. Therefore, when speaking of a specific emotion such as shame, the substance or meaning of the emotion will have differing understandings depending upon time and place (Cohen Kitayama 2007: 847-850). Moreover, even if one makes the assumption that emotions are universal and unvarying, the subjects and objects to which these emotions are related will be contingent. As Khaled Fattah and K.M. Fierke argue: “… emotions [are] socially meanin gful expressions, which depend on shared customs, uses and institutions … The central question is how experiences are given emotional meaning and how this meaning legitimizes certain forms of action, and thereby shapes future interactions” (2009: 70). A final take on the study of emotion in international relations can be utilized that subdivides emotion into emotions and feelings. Here emotion represents the physiologically derived capacity to emote, and feelings the socially constructed aspect of the concept (Damasio 1994). The value in adopting this method is that emotion is viewed as a biologically innate and universal aspect of human thought, and that its arousal is context specific depending upon the subjectivity of the individual and the contexts and experiences that shaped that subjectivity (see Bechara, A.; Damasio, H.; Tranel, D. Damasio, A. R. 1997). Regarding the relation between affect and cognition, Andrew Ross argues: This work lends itself to more open-ended applications and is attentive to the complex mixing of biological and social processes. These sources thus offer constructivists not irrefutable evidence but contestable insights into biological dimensions of social processes. These insights might be used to formulate non-deterministic, historically informed inferences about the role of affect in political life (2006: 204). Emotion is therefore a potentially productive means of linking the material and the social, and in so-doing provides a novel means of better understanding the identity-based dispositions of decisionmakers. Where emotions were once understood as “unimportant outcomes of ‘cold’ cognitive processes, lacking adaptive value at best or constituting maladaptive functioning at worst … it is now clear that emotions are useful as organizational constructs, lending clarity to the relationship between various aspects of situations and an organism’s responses to those situations” (1984: 256). The ontogenetic process of identity formation in all humans is therefore linked to this emotional/cognitive evolution; as we pass through life context and bodily response form mental shortcuts for later assessments of what feels positive or negative about a given context or phenomena (McDermott 2004b: 163). Emotions are therefore central elements in human’s adaptation to social contexts â€" t hey are functionally vital to any capacity for rationality in decision-making. In neuroscientific studies, the affective components of emotion have been found to precede cognitive deliberation. In this way emotions have been found to autonomically simplify cognitively complex situations to produce a more manageable array of choices for decisionmakers. Yet these conscious and unconscious emotional dynamics are also necessary for our social functioning. Jonathan Mercer notes that “People without emotion may know they should be ethical, and may know they should be influenced by norms, and may know that they should not make disastrous financial decisions, but this knowledge is abstract and inert and does not weigh on their decisions (Mercer 2005: 93). Mercer’s argument is that emotion is vital for an actor to relate to social structures; lacking emotionality, actors find themselves socially incapable of functioning appropriately. The study of foreign policy has stressed the failure policymakers to achieve optimal rationality; rationality here being understood as contextualized by “simplified subjective representations of reality” (Tetlock McGuire 2005: 485). The beliefs and expectations that are evident in decision-making have been found to be significantly shaped by a priori assumptions; that is, as Robert Jervis argues, “… actors tend to perceive what they expect” (2005: 463). Thus, cognitivists argue that familiarity a given social context shapes how a given agent is likely to perceive others (Jervis 2005: 471). In conclusion, it is obvious that the above approaches fixate upon errors in judgement, with emotionality contributing solely to these errors. It is also evident that treating emotion as potentially productive and invariably unavoidable to the study of politics and international relations can provide new interpretations and expectations regarding the human capacity for change, how we are enculturated to feel intensely about abstract concepts, and ultimately why social constructs such as the state or ‘nation’ are capable of motivating individuals to obscene acts of violence including a willingness to sacrifice one’s own life in their name. Works Cited: Bechara, A.; Damasio, H.; Tranel, D.; Damasio, A. R. “Deciding Advantageously Before Knowing the Advantageous Strategy.” Science, 275.5304 (1997): 1293-1294. Blight, James G. The Shattered Crystal Ball New York: Rowan Littlefield, 1990. Blight, James G. Brenner, Philip. Sad and Luminous Days: Cuba’s Struggle with the Superpowers and the Missile Crisis. New York: Rowan Littlefield, 2002. Campos, Joseph J. Barrett, Karen C. “Toward a New Understanding of Emotions and their Development.” in Carroll E. Izard, Jerome Kagan Robert E. Zajonc (eds.), Emotions, Cognition and Behavior. New York: Cambridge University Press, 1984. Cassino, Dan Lodge, Milton. “The Primacy of Affect in Political Evaluations” in W. Russell Neuman, George E. Marcus, Ann N. Cringler Michael Mackuen (eds.) The Affect Effect: Dynamics of Emotion in Political Thinking and Behavior Chicago: University of Chicago Press, 2007. Cohen, Dov Kityayama, Shinobu. “Cultural Psychology: This Stanza and the Next.” in Shinobu Kitayama Dov Cohen (eds.), Handbook of Cultural Psychology. New York: The Gulford Press, 2007. Crawford, Neta. “The Passion of World Politics: Propositions on Emotion and Emotional Relationships,” International Security 24 (2000): 116-156. Damasio, Antonio R. Descartes Error: Emotion, Reason, and the Human Brain New York: G.P. Putnam, 1994. Elster, Jon. Alchemies of the Mind: Rationality and the Emotions. New York: Cambridge University Press, 1999. Fattah, Khaled Fierke, K.M. “A Clash of Emotions: The Politics of Humiliation and Political Violence in the Middle East.” European Journal of Political Science. 15.1 (2009): 67â€"93 Faizullaev, Alisher. “Diplomacy and Self.” Diplomacy and Statecraft, 17 (2006): 497â€"522. Fineman, Stephan. “Getting the Measure of Emotion â€" and the Cautionary Tale of Emotional Iintelligence.” Human Relations. 57.6(2004): 719-740. Houghton, David Patrick. Political Psychology. New York: Routledge, 2008 Houghton, David Patrick. “Analogical Reasoning, Neuroscience, and Emotion: Toward a Hot Cognitive Approach.” Paper presented to ISA annual meeting February, 2009. Marcus, G.E. “Emotion in Politics.” Annual Review of Political Science 2000 3: 221-250. Marcus, G.E. “The Psychology of Emotion and Politics.” in David O. Sears, Leonie Huddy, and Robert Jervis (eds.) Oxford Handbook of political psychology, New York: Oxford University Press, 2003. McDermott, Rose. “The Feeling of Rationality: The Meaning of Neuroscientific Advances for Political Science.” Perspectives on Politics. 4 (2004): 691-706. McDermott, Rose. Political Psychology in International Relations. Ann Arbor: University of Michigan Press, 2004. Mercer, Jonathan. “Rationality and Psychology in International Politics.” International Organization 1 (2005): 77-106. Mercer, Jonathan. “Human Nature and the First Image: Emotion in International Politics.” Journal of International Relations and Development. 2006 9: 288-303. Mesquita, Batja; Leu, Janxin. “The Cultural Psychology of Emotion.” in Shinobu Kitayama Dov Cohen (eds.), Handbook of Cultural Psychology. New York: The Guilford Press, 2007. Neuman, W. Russell; Marcus, George E.; Cringler, Ann Mackuen, Michael. “Theorizing Affects Effects.” in W. Russell Neuman, George E. Marcus, Ann N. Cringler Michael Mackuen (eds.) The Affect Effect: Dynamics of Emotion in Political Thinking and Behavior. Chicago: University of Chicago Press, 2007 Ross, Andrew A. “Coming in from the Cold: Constructivism and Emotions,” European Journal of International Relations 12 (2006): 197-222. Rittberger, Volker. Approaches to the Study of Foreign Policy Derived from International Relations Theory.” Paper presented to ISA annual meeting, March 2002. Stein, Janice Gross. “Building Politics into Psychology: The Misperception of Threat.” Political Psychology, 2 (1988): 245-271. Tetlock, Philip McGuire, Charles. “Cognitive Perspectives on Foreign Policy,” in John Ikenberry, ed., American Foreign Policy: Theoretical Essays, New York: Longman, 2005: 484-500. Voss, James F. Dorsey, Ellen. “Perception and International Relations: An Overview.” in Eric Singer Valerie Hudson (eds.), Political Psychology and Foreign Policy. San Francisco: Westview Press, 1992. Weber, Cynthia. Faking It: U. S. Hegemony in a Post-Phallic era. Minneapolis: University of Minnesota Press, 1999. Zajonc, Robert B. “On the Primacy of Affect.” American Psychologist.” 1984 39.2 (1984): 117â€"23. Theorizing Emotion and Affect in International Relations Theorizing Emotion and Affect in International Relations Theorizing Emotion and Affect in International Relations Academic Discipline: International Relations Course Name: IR Theory Assignment Subject: Theorizing Emotion and Affect in International Relations Academic Level: Graduate Referencing Style: MLA Word Count: 1,567 A productive assumption informing much of international relations theory and foreign policy analysis since the 1950s has been the pursuit of rationality by utility maximizing actors. While rationalism has provided a ‘policy-relevant’ means of not only interpreting the endless complexity of international politics, but also predicting likely future behaviour â€" it is increasingly questionable whether such assumptions are adequate. Academics interested in the foreign-policy psychology have questioned the presumed rationality of policy actors while interrogating the intersections of various levels of analysis â€" for example, the individual, the state and the system writ large. This paper examines one aspect of this interrogation: the study of emotion. In conducting this analysis, this paper will argue that the discipline requires a greater appreciation of the links between mind and body, and between emotion and rationality. Indeed, the discipline of international relations is argua bly well-situated to question whether reason and emotion truly exist in opposition at all. The relationship between affect (embodied impetus to act) and emotion has a long history in sociology and neuroscience, and while this paper cannot hope to do justice to the nuances and breadth of these analyses, it can touch on some central arguments that might be engaged productively in the study of international relations and foreign policy. The affective systems in the brain are functionally linked to the cognitive processes often framed as the solitary seat of reason; these functional links are intrinsic to our capacity to manifest rationality. This insight undermines rationalist approaches that not only presume a non-emotive rationality, but also assume that such a rationality is desirable. Emotion from this standpoint does not stand in opposition to rationality, but is actually a condition of its existence (see Mercer 2005). Given the willingness of individuals â€" consider suicide bombing â€" to kill themselves for an ideal (whatever that ideal may be), a central question of international relations should be whether rationalism and utility maximization can adequately capture the psychological and social motives behind such forms of political agency. By treating emotion as a functionally necessary component of rationality, it may be possible to better analyze emotional dynamics that are inherent in human commitments to socially constructed structures such as the state, or political parties. If our ability to act rationally is linked to emotion, then rationality itself must be linked to identities and the social structures they often embody. Therefore, by taking emotion seriously as a productive and necessary part of our capacity to understand and act in the world, we gain potential insight into identity formation, and how differing social dynamics at different levels of analysis may lead to different claims about what is normal and rational in the study and practice of international politics. Treating reason and emotion in opposition to one another has a history in Western thought stretching back to Plato and Aristotle (Damasio 1994: 170-171). This conflictual relation between the two phenomena is reflected in contemporary scholarship in the presupposition that reason’s role is to tame, or eliminate emotion from influencing rational deliberation; non-emotive reasoning is therefore considered essential to rational assessment (2000: 222-223; see also Marcus 2003: 183; Elster 1999: 55-76). More specifically, this assumption regarding reason’s primacy over emotion is reflected in international relations and foreign policy analysis via the assumption that it is a pre-condition to optimal political judgement in decision-making contexts; severing emotion from reason in decision-making rationality is considered necessary to efficiently linking means to ends (Marcus 2003: 185). It is evident therefore that any definition of emotion will fail to be satisfying to every scholar. Epistemic commitments, disciplinary considerations, and specific methodologies will undermine the appeal of emotion for certain bodies of scholarship (see Crawford 2000; Fineman 2004). Rose McDermott defines emotion as the following: “Emotion is one of a large set of differentiated biologically based complex conditions that are about something” (2004a, 692). This definition has the advantage offering multiple possible means of deploying the concept of emotion to the study of politics. Academics can assert emotion’s physiological dynamics, its aspects that are socially constructed, or some combination of both. Biologically, emotions are generated by changes in relevant body systems â€" the musculo-skeletal, the nervous system, the endocrine system, and the neurotransmitter and neuroactive peptide systems â€" whose interaction mobilizes and disposes humans to act in particular ways (see McDermott 2004a; Turner 2007: 2). Here, emotions are complex physiological responses to stimuli (external or internal). Emotions are activated via affective systems in the brain processing information and recognizing significance; this recognition produces an automatic behavioural response that contextualizes and informs subsequent cognitive processing. Emotions can also be understood as socially constructed. In this approach, emotions are produced, defined and re-iterated via socialization. Emotions here are shaped by cultural context (Crawford 2000: 128; Fattah Fierke 2009: 69-70). A key argument from this perspective is that the because the beliefs, judgments and desires characteristic of emotion are ultimately contingent, they will vary depending upon social context. Furthermore, cultural contextualization of emotion acts to restrain certain behaviours, while endorsing other cultural values. Therefore, when speaking of a specific emotion such as shame, the substance or meaning of the emotion will have differing understandings depending upon time and place (Cohen Kitayama 2007: 847-850). Moreover, even if one makes the assumption that emotions are universal and unvarying, the subjects and objects to which these emotions are related will be contingent. As Khaled Fattah and K.M. Fierke argue: “… emotions [are] socially meanin gful expressions, which depend on shared customs, uses and institutions … The central question is how experiences are given emotional meaning and how this meaning legitimizes certain forms of action, and thereby shapes future interactions” (2009: 70). A final take on the study of emotion in international relations can be utilized that subdivides emotion into emotions and feelings. Here emotion represents the physiologically derived capacity to emote, and feelings the socially constructed aspect of the concept (Damasio 1994). The value in adopting this method is that emotion is viewed as a biologically innate and universal aspect of human thought, and that its arousal is context specific depending upon the subjectivity of the individual and the contexts and experiences that shaped that subjectivity (see Bechara, A.; Damasio, H.; Tranel, D. Damasio, A. R. 1997). Regarding the relation between affect and cognition, Andrew Ross argues: This work lends itself to more open-ended applications and is attentive to the complex mixing of biological and social processes. These sources thus offer constructivists not irrefutable evidence but contestable insights into biological dimensions of social processes. These insights might be used to formulate non-deterministic, historically informed inferences about the role of affect in political life (2006: 204). Emotion is therefore a potentially productive means of linking the material and the social, and in so-doing provides a novel means of better understanding the identity-based dispositions of decisionmakers. Where emotions were once understood as “unimportant outcomes of ‘cold’ cognitive processes, lacking adaptive value at best or constituting maladaptive functioning at worst … it is now clear that emotions are useful as organizational constructs, lending clarity to the relationship between various aspects of situations and an organism’s responses to those situations” (1984: 256). The ontogenetic process of identity formation in all humans is therefore linked to this emotional/cognitive evolution; as we pass through life context and bodily response form mental shortcuts for later assessments of what feels positive or negative about a given context or phenomena (McDermott 2004b: 163). Emotions are therefore central elements in human’s adaptation to social contexts â€" t hey are functionally vital to any capacity for rationality in decision-making. In neuroscientific studies, the affective components of emotion have been found to precede cognitive deliberation. In this way emotions have been found to autonomically simplify cognitively complex situations to produce a more manageable array of choices for decisionmakers. Yet these conscious and unconscious emotional dynamics are also necessary for our social functioning. Jonathan Mercer notes that “People without emotion may know they should be ethical, and may know they should be influenced by norms, and may know that they should not make disastrous financial decisions, but this knowledge is abstract and inert and does not weigh on their decisions (Mercer 2005: 93). Mercer’s argument is that emotion is vital for an actor to relate to social structures; lacking emotionality, actors find themselves socially incapable of functioning appropriately. The study of foreign policy has stressed the failure policymakers to achieve optimal rationality; rationality here being understood as contextualized by “simplified subjective representations of reality” (Tetlock McGuire 2005: 485). The beliefs and expectations that are evident in decision-making have been found to be significantly shaped by a priori assumptions; that is, as Robert Jervis argues, “… actors tend to perceive what they expect” (2005: 463). Thus, cognitivists argue that familiarity a given social context shapes how a given agent is likely to perceive others (Jervis 2005: 471). In conclusion, it is obvious that the above approaches fixate upon errors in judgement, with emotionality contributing solely to these errors. It is also evident that treating emotion as potentially productive and invariably unavoidable to the study of politics and international relations can provide new interpretations and expectations regarding the human capacity for change, how we are enculturated to feel intensely about abstract concepts, and ultimately why social constructs such as the state or ‘nation’ are capable of motivating individuals to obscene acts of violence including a willingness to sacrifice one’s own life in their name. Works Cited: Bechara, A.; Damasio, H.; Tranel, D.; Damasio, A. R. “Deciding Advantageously Before Knowing the Advantageous Strategy.” Science, 275.5304 (1997): 1293-1294. Blight, James G. The Shattered Crystal Ball New York: Rowan Littlefield, 1990. Blight, James G. Brenner, Philip. Sad and Luminous Days: Cuba’s Struggle with the Superpowers and the Missile Crisis. New York: Rowan Littlefield, 2002. Campos, Joseph J. Barrett, Karen C. “Toward a New Understanding of Emotions and their Development.” in Carroll E. Izard, Jerome Kagan Robert E. Zajonc (eds.), Emotions, Cognition and Behavior. New York: Cambridge University Press, 1984. Cassino, Dan Lodge, Milton. “The Primacy of Affect in Political Evaluations” in W. Russell Neuman, George E. Marcus, Ann N. Cringler Michael Mackuen (eds.) The Affect Effect: Dynamics of Emotion in Political Thinking and Behavior Chicago: University of Chicago Press, 2007. Cohen, Dov Kityayama, Shinobu. “Cultural Psychology: This Stanza and the Next.” in Shinobu Kitayama Dov Cohen (eds.), Handbook of Cultural Psychology. New York: The Gulford Press, 2007. Crawford, Neta. “The Passion of World Politics: Propositions on Emotion and Emotional Relationships,” International Security 24 (2000): 116-156. Damasio, Antonio R. Descartes Error: Emotion, Reason, and the Human Brain New York: G.P. Putnam, 1994. Elster, Jon. Alchemies of the Mind: Rationality and the Emotions. New York: Cambridge University Press, 1999. Fattah, Khaled Fierke, K.M. “A Clash of Emotions: The Politics of Humiliation and Political Violence in the Middle East.” European Journal of Political Science. 15.1 (2009): 67â€"93 Faizullaev, Alisher. “Diplomacy and Self.” Diplomacy and Statecraft, 17 (2006): 497â€"522. Fineman, Stephan. “Getting the Measure of Emotion â€" and the Cautionary Tale of Emotional Iintelligence.” Human Relations. 57.6(2004): 719-740. Houghton, David Patrick. Political Psychology. New York: Routledge, 2008 Houghton, David Patrick. “Analogical Reasoning, Neuroscience, and Emotion: Toward a Hot Cognitive Approach.” Paper presented to ISA annual meeting February, 2009. Marcus, G.E. “Emotion in Politics.” Annual Review of Political Science 2000 3: 221-250. Marcus, G.E. “The Psychology of Emotion and Politics.” in David O. Sears, Leonie Huddy, and Robert Jervis (eds.) Oxford Handbook of political psychology, New York: Oxford University Press, 2003. McDermott, Rose. “The Feeling of Rationality: The Meaning of Neuroscientific Advances for Political Science.” Perspectives on Politics. 4 (2004): 691-706. McDermott, Rose. Political Psychology in International Relations. Ann Arbor: University of Michigan Press, 2004. Mercer, Jonathan. “Rationality and Psychology in International Politics.” International Organization 1 (2005): 77-106. Mercer, Jonathan. “Human Nature and the First Image: Emotion in International Politics.” Journal of International Relations and Development. 2006 9: 288-303. Mesquita, Batja; Leu, Janxin. “The Cultural Psychology of Emotion.” in Shinobu Kitayama Dov Cohen (eds.), Handbook of Cultural Psychology. New York: The Guilford Press, 2007. Neuman, W. Russell; Marcus, George E.; Cringler, Ann Mackuen, Michael. “Theorizing Affects Effects.” in W. Russell Neuman, George E. Marcus, Ann N. Cringler Michael Mackuen (eds.) The Affect Effect: Dynamics of Emotion in Political Thinking and Behavior. Chicago: University of Chicago Press, 2007 Ross, Andrew A. “Coming in from the Cold: Constructivism and Emotions,” European Journal of International Relations 12 (2006): 197-222. Rittberger, Volker. Approaches to the Study of Foreign Policy Derived from International Relations Theory.” Paper presented to ISA annual meeting, March 2002. Stein, Janice Gross. “Building Politics into Psychology: The Misperception of Threat.” Political Psychology, 2 (1988): 245-271. Tetlock, Philip McGuire, Charles. “Cognitive Perspectives on Foreign Policy,” in John Ikenberry, ed., American Foreign Policy: Theoretical Essays, New York: Longman, 2005: 484-500. Voss, James F. Dorsey, Ellen. “Perception and International Relations: An Overview.” in Eric Singer Valerie Hudson (eds.), Political Psychology and Foreign Policy. San Francisco: Westview Press, 1992. Weber, Cynthia. Faking It: U. S. Hegemony in a Post-Phallic era. Minneapolis: University of Minnesota Press, 1999. Zajonc, Robert B. “On the Primacy of Affect.” American Psychologist.” 1984 39.2 (1984): 117â€"23.

Essay Loyalty Shown In The Odyssey - 486 Words

Loyalty to family, community, and the gods is an important quality in the lives of ancient Greek citizens. These qualities are clear demonstrated in The Odyssey through Penelope, Telemakhos, and Odysseus. nbsp;nbsp;nbsp;nbsp;nbsp;Penelope shows her loyalty in several ways. She shows loyalty to Odysseus by waiting for his return for twenty long years. She did not choose a suitor until she knew for sure that Odysseus was dead. To delay the decision of choosing a suitor, Penelope said she would marry a suitor after she had finished weaving her shroud. She showed that she was weaving the shroud during the day, but at night, when it got dark she secretly unwove it. That is how Penelope shows her loyalty to her family.†¦show more content†¦He shows loyalty to his family by risking his life on the search for the knowledge of Odysseus’ situation. He journeys to Pylos and Sparta to seek news of his father whether he is dead or lost. This shows loyalty to Odysseus because he risks his life to know of his well being. This also shows loyalty to Penelope by journeying to Pylos and Sparta, even though his path may be dangerous, just so he can find knowledge of Odysseus and ease his mother’s pain. He also shows loyalty to Penelope by trying to protect her and keeping the suitors away from her. During the final battle, Telemakhos shows loyalty to his father by fighting side by side with him against the suitors even though he knows he might die in battle. nbsp;nbsp;nbsp;nbsp;nbsp;Odysseus shows loyalty like Telemakhos and Penelope to the gods and his family. Odysseus is a man that can be described as tenacious. He is always focused on one objective and that is to get home. He is persistent and overcomes any temptation that gets in his way. An example of this is when he is with the beautiful nymph Kalypso. She offers him immortality to stay with her and leave his thoughts for home but he gave it all up for his family and home. He never gave up hope and continued to trudge his way back home. He also shows loyalty to the god by not cursing them for all the harmful events that occur during his journey home. nbsp;nbsp;nbsp;nbsp;nbsp;This book shows many clear examples of loyalty inShow MoreRelatedBig Fish, By Tim Burton Essay1750 Words   |  7 Pages a basis for morality, and teaches people the way to live. The Odyssey is a famous Greek myth with great mythological significance and is one of the best epic poems, not only in Greek but in the world of literature. The Odyssey’s story, as well as its significant values and morals presented, has inspired many others to create different versions of the epic. The one version that seems to be a great modern interpretation of The Odyssey is the movie Big Fish, directed by Tim Burton. The movie Big FishRead MoreThe Role of Loyalty in The Odyssey Essay1030 Words   |  5 Pagespresent throughout the Odyssey, written by Homer. Be it hospitality, perseverance, vengeance or power of the Gods, loyalty is truly the theme that brings the whole book together. Being 10 years after the Trojan War, many have forgotten about Odysseus and his men as they constantly brave what the gods throw their way. This essay will be talking about Odysseus and Penelope’s mutual loyalty to one another, the loyal relationships between Gods and men and finally, the loyalty Odysseus’ men show for himRead MoreEric Moore. Mr. Howell. World Literature Final Draft .1742 Words   |  7 PagesEric Moore Mr. Howell World Literature Final Draft 30 March 2017 Themes and Symbolism in The Odyssey In each story, the themes and symbols in them can bring a diverse look on the way the story is interpreted and told. The Odyssey was written by the poet Homer dating all the back to the 8th century. 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In The Odyssey, Homer portrays penelopeRead More Odysseus’ Search for Purpose in Homers Odyssey Essay1419 Words   |  6 PagesOdysseus’ Search for Purpose in The Odyssey   Ã‚  Ã‚  Ã‚   As a wayfarer in life, The Odyssey focuses on life’s greater purpose through the fulfillment of destiny, perseverance, and loyalty. These three themes recur continuously throughout Odysseus’ journey, molding life’s greater vision. Odysseus comes to understand his purpose in life by remaining true to these major themes as he faces and conquers each obstacle in his journey. The overarching theme of The Odyssey is the belief that man cannot escapeRead MoreThe Odyssey : Themes Of Loyalty, Justice, And Hospitality1017 Words   |  5 PagesThroughout The Odyssey, three major themes of loyalty, justice, and hospitality are present. Loyalty is a basic human virtue that is glaringly visible in this book. First of all, Odysseus crew is aggressively loyal to him. The book starts off with Odysseus just finishing the Trojan War. His crew went through the war lasting a decade with the hero and never once left his side. All of his men were willing to go to take their lives for Odysseus, which is the ultimate form of loyalty. Odysseus Read More Destiny, Fate and Free Will in Homers Odyssey - Guidance and Loyalty1355 Words   |  6 PagesFate, and Loyalty in The Odyssey nbsp; The Odyssey is an epic poem about a journey. After the Trojan War is won Odysseus leaves Troy for his home in Ithaca. However, the gods decide to test his courage and resolve and send him on a twenty-year odyssey. Odysseus courage is constantly tested as he struggles with the many obstacles the gods place before him. Although Homer depicted The Odyssey as a self-reliant journey, in reality the gods and other mortals guide Odysseus. It is his loyalty to andRead MoreLoyalty in Odyssey Essay824 Words   |  4 PagesLoyalty in The Odyssey Loyalty is defined in the Websters dictionary as faithfulness or devotion to a person, a cause or a duty. Through this definition, it can be expressed that loyalty is a major theme in Homers epic, The Odyssey. The author presents four mayor illustrations of loyalty, which are given by Penelope, Telemachus, Eumaeus and Philoetius and Odysseus. Penelope is Odysseus faithful wife who not only doesnt re-marry but also keeps hope that Odysseus is still alive and willRead MoreOdysseus Hero Essay1043 Words   |  5 Pagesorder to achieve. The book The Odyssey written by Homer reveals a story of a true hero. The main character is a man named Odysseus who displays hero characteristics throughout the book. Odysseus is a hero because he returns home with a changed perspective which reflects his heroic abilities, such as his bravery and dedication to return home. During the beginning of the story Odysseus has to make an impactful decision while also maintaining bravery. In the Odyssey Odysseus does not want to leaveRead MoreCharacter Foils For Odysseus By Homer1331 Words   |  6 PagesCharacter Foils for Odysseus Throughout the epic Homeric poem, The Odyssey of Homer, Odysseus is a hero known for his cunningness, vigilance, and overall attainment of homecoming. Odysseus’ journey home is one of many mental and physical tests that which involve numerous encounters with others whose characters are in opposition with his. It is important to understand that through his encounters with certain opposing characters, Odysseus’ qualities of possessing heroism and cleverness are vividly

Discuss a cultural text of your choice in relation to...

A cultural text can be anything from film to music, or art to books, such things only become a text after they have been decoded through critical interpretation. Each individual interprets text differently and it is through such things that we can experience culture. What exactly is culture though? The word culture comes from the Latin to mean tend and grow on land. Over the years it has come to mean other things, we can see this by looking at the dictionary which shows us there are eight different meanings to the word culture and it is the more traditional meaning which is put near the end of this list, making way for new and more important meanings. It is the first four meanings which are of most importance to us; 1. the ideas,†¦show more content†¦One theme, which is clear right form the start to the end of the film, is sexuality and masculinity. Gaz; the main character is especially proud to be male and he believes strongly in the loyalty between friends. Near the start of the film Gaz and his friend Dave walk past a group of women queuing to see the Chippendales; a group of male strippers, he uses the most offensive words he can think to the abuse the strippers with by calling them puffs and insulting the size of their penises. Throughout the film we see evidence of male bonding through discussing problems downstairs to playing football, something they use at one point to learn a dance move. We also see Gaz having problems with telling his son he loves him and looks around before doing so as if the be embarrassed about showing his emotions. Each one of the men we see have their own problems, firstly Gaz, whose idea it was to strip so that he can get enough money to pay maintenance rears and keep seeing his son. Dave has issues with being fat and believes his wife is having an affair, we are also lead to believe that he maybe impotent, exactly the opposite of the problem Gerald has. Gerald is a middle class man and his main concern with stripping i s loosing his dignity, he is also far more worried that the others about finding a job because of his age and because he has not yet told his wife of his job loss. The ginger one (we dont learn the name of) isShow MoreRelatedMaking Meanings Essay1692 Words   |  7 PagesDUE DATE:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. WORD COUNT:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦1408†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. TUTORIAL DAY AND TIME:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦............. TUTOR’S NAME:†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. IT IS ESSENTIAL THAT YOUR TUTOR’S NAME IS ON ALL SUBMITTED ASSIGNMENTS DECLARATION: I declare that I have retained a copy of this assignment. I have read and understood Curtin University policies on Plagiarism and Copyright and declare that this assignment compliesRead MoreEssay on Like water for chocolate6961 Words   |  28 Pagesof view that the text depicts explicitly is not adopted according to the implied world view of the author. 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Foreign Exchange Guidelines for Bangladesh Free Essays

INTRODUCTION 1. Assalamualaikum and Good evening , on behalf of my group I welcome you all to the presentation on FOREIGN EXCHANGE GUIDELINES IN BANGLADESH AND FINDING IN THE PROCESS ITS USER FRIENDLYNESS . Ladies and Gentlemen , the very word foreign exchange refers to foreign currency in general but crucially in text-book terms it refers to the process or mechanism by which currency of one country is converted into the currency of another country . We will write a custom essay sample on Foreign Exchange Guidelines for Bangladesh or any similar topic only for you Order Now Usually such conversion takes place in the occasion of foreign trade i. e. xport or import or remittance of earnings both inward and outward by Bangladeshi and Foreign Nationals , then in case of Foreign Direct Investments or at individual level for the purpose of traveling or official visits both by Bangladeshi and Foreign Nationals . 2. Like any other country , to regulate and control smooth functioning of such Foreign Exchange in Bangladesh , Foreign Exchange Regulations are issued by the Government of Bangladesh as well as by the Bangladesh Bank in the form of Notifications which are published in the Bangladesh Gazette . Now the Regulations which provides the legal basis for regulating all payments and dealings of foreign exchange in Bangladesh is known as Foreign Exchange Regulation (FER) Act , 1947 (Act No. VII of1947) , that was enacted on 11th March, 1947 in the then British India , subsequently adapted by Pakistan and eventually after necessary corrections and modifications by appropriate authority it was reproduced and adapted in Bangladesh and is still in vogue . Ladies and Gentlemen by law it is the Foreign Exchange Regulation Act ! 947 that rules all sorts of transactions of FE in Bangladesh . 1 AIM 3. To provide General Idea on Foreign Exchange Guidelines for Foreign Currency Transactions in common occasions in Bangladesh in a limited scale and deduce as to whether it is user-friendly . SCOPE 4. The topic will be discussed under the following heads ; a. Definitions of Certain Terms Related to Foreign-Exchange and Common Circumstances/Occasions Involving Foreign Exchange Transactions . . b. Authorized Dealers (ADs) , Money Changers and Various Types of Accounts involving Foreign Exchange . c. Foreign Exchange in International Trade ; Export and Import and Foreign Direct Investment. d. Foreign Exchange Through Remittance ; Inward , Outward and Commercial . e. Foreign Exchange Regulations for Travels and Visits by Baladeshi and Foreign Nationals. f. Userfriendlyness of Foreign Exchange Regulations in Bangladesh . 2 5. Definitions of Certain Terms Related to Foreign-Exchange and Common Circumstances/Occasions Involving Foreign Exchange Transactions . a. Definitions of Certain Terms Related to Foreign-Exchange . 1) Money . The term ‘Money’ in modern sense is used to describe actual money in the form of coin or notes or in any other form which passes freely from hand to hand as the recognised media of value exchange inside or outside the country . (2) Currency . ‘ Currency ’ is a generic term and covers not only the actual coins and paper notes in a country but also any credit instruments which convey the right to wealth in terms of any given unit suc h as cheques , money orders , travelers cheques , promissory notes , bills of exchange etc . 3) Foreign Currency . As per FER Act 1947 ‘Foreign Currency’ means any currency other than Bangladeshi Currency i. e. Taka. (4) Foreign Exchange . As per FER Act 1947 ‘Foreign Exchange’ means foreign currency and includes any instrument drawn , accepted or issued under all deposits , credits and balance payable in foreign currency and any drafts , travelers cheques and bills of exchange expressed or drawn in Bangladeshi Currency but payable in any Foreign Currency . 5) Resident . Foreign Exchange Regulation Act, 1947 stipulates that any person who has at any time after the commencement of Act been resident in Bangladesh be treated as resident in;CONT Bangladesh until Bangladesh Bank by general or special order 3 directs otherwise. For the purpose of the said Act, ordinarily, a resident is a person, bank or firm who/which resides/has established a place of business i n Bangladesh. A person is deemed to be ordinarily resident if he maintains a home in Bangladesh or resides in the country for a substantial part of each year or pays income tax as a resident of Bangladesh and falls under any of following category ; (a) persons holding Office in the Service of the Republic ofBangladesh who go abroad or who are already abroad and residingoutside Bangladesh for the time being either on duty or on leave, (b) foreign nationals residing in Bangladesh for work or self employment, c) foreign nationals residing in Bangladesh for study under student visa, (d) foreign nationals staying in Bangladesh with residence visa, (e) officials of Bangladesh Government and public sector undertakings deputed abroad on assignment with foreign governments/organisations or posted to their own offices (including Bangladesh Diplomatic Missions abroad) and (f) foreign nationals residing continuously in Bangladesh for six months or more would be treated as residents. (6) Non-Resident . A non-resident is a person, bank or firm who/which resides/has a place of business outside Bangladesh. Non-residents include Bangladesh nationals who go out of Bangladesh for any purpose. On the other hand, the fact that a person gives an address in Bangladesh does not necessarily mean that he should be regarded as a resident if he is, in fact, only a temporary visitor and is ordinarily resident elsewhere . 4 (7) Authorised Dealers . The term Authorised Dealer or AD would means a bank authorised by Bangladesh Bank to deal in foreign exchange under the FER Act, 1947. (8) Money Changers . The term â€Å"Money Changer† means a sole proprietorship or partnership firm/company licensed by Bangladesh Bank under â€Å"FER Act, 1947† to act as Money Changer for dealing in certain foreign exchange transactions as directed by Bangladesh Bank from time to time. b. Common Circumstances/Occasions Involving Foreign ExchangeTransactions . Basiacally and Most commonly Foreign Exchange Transaction takes place in the following occasions ; (1) In case of any International Trade involving Export , Import . (2) In case of Remittance of All Income (both inward and outward) and All kinds of Commercial Remittances . 3) All Foreign Investments and Foreign Direct Investments (FDIs) . (4) All kinds of International Travels and Visits (Official Unoffcial ) by both Bangladeshi and Foreign Nationals . 5 6. Authorized Dealers (ADs) , Money Changers and Various Types of Accounts involving Foreign Exchange . a. Authorized Dealers (ADs) . In exercise of the powers conferred by the For eign Exchange Regulation Act 1947 ; certain schedule banks which are authorized to deal in Foreign Exchange by Bangladesh Bank . The selected branches of bank which are thus entrusted to transact such FE business is known as Authorized Dealers (ADs). The ADs are authorized to make all sorts of Foreign Exchange Transactions including money changing in accordance with the guidelines provided by Bangladesh Bank . As a prerequisite to become AD a schedule bank has to obtain Authorized Dealership Licence from Bangladesh Bank after following certain prescribed procedures and after fulfilling certain requirements laid down by Bangladesh Bank . Certain regulations as per FER act 1947 ; applicable for ADs are as follows ; (1) It is only Bangladesh Bank which can issue licences normally to scheduled banks to deal in foreign exchange foe becoming ADs . All applications for Authorised Dealer Licence has to be made to the General Manager, Foreign Exchange Policy Department, Bangladesh Bank, Head Office, Dhaka with a declaration that ‘Guidelines on Managing Core Risks in Banking’ (as prescribed by Bangladesh Bank vide Circular No. 17, dated 07 October, 2003) pertaining to treasury functions in foreign exchange are already in place and all steps have been taken by the bank for internal monitoring and supervision of the branches for carrying out foreign exchange transactions. ) Besides, the banks also have to provide information showing that it has adequate manpower trained in foreign exchange and there is prospect to attract reasonable volume of foreign exchange business in the desired location and the applicant bank meticulously complies with the instructions of the Bangladesh Bank especially with regard to submission of periodical returns. 6 b. Authorized Money Changers . In addition to the ADs in FE , Bangladesh Bank al so authorizes certain Banks located in the port area or in and around BOPs and establishments like certain Hotels and Shops to buy and sale foreign currency in exchange of local currency . Such banks and establishments in whose favour such licences of Authorization are granted are known as Authorized Money Changers . From Capacity point of view there are two types of Money Changers ; ‘ Full-Fledged Money Changers ‘ which are authorized to both purchase and sell foreign currency and Restricted Money Changers ’ which are authorized only to purchase foreign currency notes and Travellers Cheques and under compulsion are subject to the condition that all such FE collections are surrendered by them to ADs at official rate . Certain Regulations applicable for them are as follows ; 1) The authorisations are granted to persons or firms of adequate means and status who, in the opinion of the Bangladesh Bank, will be able to conduct their dealings strictly in accordance with the foreign exchange regulations. Applications for the grant of licences with limited scope should be made to the General Manager, Foreign Exchange Policy Department, Bangladesh Bank, Head Office, Dhaka. (2) Money Changer shall have no branch office. The premise to be used for money changing business shall not be used for any other business activity. Money Changers are allowed to buy foreign currency notes, coins and TCs from incoming foreign and Bangladesh nationals coming/returning from abroad. (3) Money Changers will sell foreign currency notes, coins and TCs only to outgoing Bangladesh nationals subject to a maximum limit of USD 1000 or equivalent in the form of cash and /or TC. Release of foreign exchange in excess of USD 200 or equivalent shall require valid visa. Money Changers may also sell foreign currency notes, coins and TCs to outgoing foreign nationals having duly issued encashment certificates, subject to a maximum limit of USD 500 or equivalent . (4) The Money Changers shall fix their own exchange rates for purchase and sale of foreign currency notes and coins and TC and the rates shall be displayed prominently at their counters. (5) Any change in money changer’s office location shall require prior approval of Bangladesh Bank. Applications for changing office location should be forwarded to the General Manag er, Foreign Exchange Operation Department, Bangladesh Bank . c. Foreign Accounts and Credit Instrument for Foreign Exchange. Generally the movement of Foreign Currencies or FE Transactions are settled through Banking System . Usually the banks which are ADs ; maintain FE departments and indeed are the main channels through which international payments are being made . Such banks may have their branches in various countries abroad or where that is not possible may get affiliated with some overseas bank ready to act as their agent which are then known as correspondents . In order to effect FE transactions these banks maintain certain types of Accounts in their own names in various Foreign Currencies . Infact payments of various bill as per different terms of payment are made through such accounts . (1) Types of Foreign Accounts . (a) Nostro Accounts . ‘Nostro’ means ‘Ours’ in Latin . These are the accounts maintained by concerned Bangladeshi Bank with each of their correspondent banks . It is also known as Foreign Currency Account in some countries . 8 (b) Vostro Accounts . ’Vostro’ means ‘Yours’ in latin . The current accounts in domestic currency maintained with the local banks by any Foreign Bank are Called Vostro Accounts or Local Currency Accounts . Usually vostro accounts are opened and maintained by local banks which are acting as the Correspondents to some Foreign Banks . (c) Loro Accounts . A Foreign Banks Account of any third party , whether in foreign currency or in local currency is referred to as ‘Loro’ or ‘Their’ Account . (d) Certain Regulations about Foreign Accounts . i) ADs may maintain accounts in freely convertible currencies with their correspondents/branches abroad. i) The ADs may enter into transactions for sale or purchase of foreign currencies with other ADs, foreign correspondents and overseas branches provided that all such transactions must be reported to the Bangladesh Bank in the appropriate Returns, daily exchange position statement and daily interbank transaction statement . iii) Banks are always required to submit a ‘State ment of monthend position of un-reconciled nostro account entries’ containing summary of un-reconciled nostro account entries at the end of each month. v) The ADs may obtain short term loans and overdrafts for a period not exceeding 7 days at a time from overseas branches and correspondents at the going market rates to meet their short term needs . 9 (2) Credit Instruments and Terms of Payment . FE Transaction may take effect in the form of any of the followings as per different terms of payment which can be short , medium or long ; (a) Telephone Transfers (TT) , (b) Mail Transfers (MT) , (c) Bankers Draft , (d) Bills of Exchange , (e) Letter of Credit (LC) , (f) Stock Draft , (g) Personal Cheques , (h) SWIFT , (i) Currency Notes and Coins , j) International Money Orders , (k) Travellers Cheques , (l) Credit Cards etc . The different terms of payment set by the traders in this regard can be ; Documentary Letter of Credit ( L/C ) , Documents Against Payment ( DP ), Documents o n Acceptance ( DA ) , Consignment Sale , Value payable(VP) / Cash on Delivery (COD) or could be Suppliers Credit and Buyers Credit . 10 7. Foreign Exchange in International Trade ; Export and Import and Foreign Direct Investment . a. FE Regulations for Exports in General . (1) Foreign exchange regulations regarding exports cover all goods xported to all destinations regardless of whether they are subject to Export Trade Control Regulations. Similarly, nothing in the foreign exchange regulations relieves the exporters from the necessity of complying with the Export Trade Control Regulations prescribed by the Government, including the necessity of obtaining export licences in case of goods the export of which requires such licence. (2) All exports to which the requirement of declaration applies, must be declared on the EXP Form (Appendix 5/19). These forms will be supplied by the ADs to their exporter clients. 3) Payment for goods exported from Bangladesh should be received through an AD in freely convertible foreign currency or in Taka from a non-resident Taka Account. Receipts against exports under various barter and bilateral arrangements should be settled as per instructions issued by the Bangladesh Bank from time to time, (4) The ADs should, before certifying any EXP form, ensure that the exporter is registered with the CCI under the Registration (Importers and Exporters) Order 1952. The registration number should be quoted on the relative EXP forms. 11 ) In the case of commodities export of which is subject to receipt of advance payment or confirmed and irrevocable LC (such as raw jute), shipments will be allowed by the Customs only on the basis of the certificate of the AD on the EXP forms to the effect that either advance payment or confirmed and irrevocable LC has been received covering export of the goods mentioned on the EXP form. 6) The period prescribed by the Bangladesh Bank within which full foreign exchange proceeds of exports must be received by exporters is four months (Vide Bangladesh Bank Notification No. FE 1/77-BB dated 16th April, 1977). If the receipt of the full proceeds of any shipment is delayed beyond this period without a special or general authorisation from the Bangladesh Bank, the exporter will be liable to action under the FER Act. (7) Before paying out money against remittances received from abroad, whether against purchase of foreign currency or debit to a non-resident taka account of a foreign bank in case where purpose of the remittance is stated to be advance receipt for goods to be exported from Bangladesh, the AD should obtain a declaration from the beneficiary on the â€Å"Advance Receipt Voucher† certifying the purpose of the remittance. 8) Unless specific approval is obtained from Bangladesh Bank, the entire export proceeds in case of both physical and non-physical export, must be repatriated within four months of export as usual. 12 b. FE Regulations for Export Processing Zones (EPZs) . (1) EPZ s have been established by the Act namely, Bangladesh Export Processing Zone Authority Act, 1980 . The following types of industrial units operate in the EPZs: (a) Type A: 100 percent foreign owned including those owned by Bangladeshi nationals ordinarily resident abroad. b) Type B: Joint venture projects between foreign and Bangladesh entrepreneurs resident in Bangladesh. (c) Type C: 100 percent Bangladeshi entrepreneurs resident in Bangladesh. The broad guidelines relating to the operation of industrial enterprises in the EPZs are contained in the † Principles and Procedures governing setting up of industries in EPZ† issued by the Bangladesh Export Processing Zone Authority (BEPZA). (2) Exports from EPZs are subject to the usual requirement of declaration of exports in EXP Form and repatriation of export proceeds. For identification, EXP forms for these exports should be rubber stamped or over printed with words † â€Å"EXPORT FROM EPZ† in bold letters. (3) Sales of Bangladeshi goods or raw materials to the enterprises in EPZ against payment in foreign currency shall be treated as exports from Bangladesh and normal foreign exchange regulations concerning declaration of exports on EXP Forms and repatriation of proceeds is applicable to these exports to the EPZ enterprises. 13 C. FE Regulations for Import . (1) Import of goods into Bangladesh is regulated by the Ministry of Commerce in terms of the Import and Export (Control) Act, 1950, through Import Policy Order (IPO) in force and Public Notices issued from time to time by the Office of the Chief Controller of Imports and Exports (CCIE). The instructions contained in this chapter apply to sales of foreign exchange or transfers to nonresident taka accounts against import of goods into Bangladesh. In terms of the Importers, Exporters and Indentors (Registration) Order, 1981 no person can import goods into Bangladesh unless he is registered with the CCIE or exempted from the provisions of the said Order. Before Letter of Credit Authorisation Form (LCAF) is issued or Letter of credit (LC) is opened or remittance is made for imports into Bangladesh the AD should verify that the importer is registered with the CCIE or otherwise exempted from such registration. The AD should ensure that the registration number of the importer is invariably furnished on the IMP form. Where the importer is exempted from such registration, a suitable mention of this fact should be made on the IMP form. (2) The ADs must ensure that they deal only with known customers having a place of business in Bangladesh and can be traced easily should any occasion arise for this purpose. Opening of LCs and payments for imports into Bangladesh should be made through an AD in the area where the holder of the LCAF is resident . In case the importer is a new customer, the AD should obtain certificate from the AD through which the applicant imported earlier to the effect that no bill of entry is due/overdue for submission by the mporter. 14 (3) The aggregate amount of foreign exchange sold against an LCAF whether under LC or otherwise, should not exceed the value mentioned in the LCAF, In case where LC was opened and remittance is needed in a floating currency against which no forward booking has been made, the Taka value of the LCAF shall be deemed to have been increased to the exte nt of appreciation of the foreign currency for the purpose of allowing remittance by the . d. FE Regulations for Foreign Investments . Foreign investors are free to make investment in Bangladesh in the industrial enterprises excepting a few reserved sectors. An industrial venture may be set up in collaboration with local investors or may even be wholly owned by the foreign investors. No permission of the Bangladesh Bank is needed to set up such ventures if the entrepreneurs use their own funds. However, to avail of the facilities and institutional support provided by the Government, entrepreneurs/sponsors may secure registration with the Board of Investment (BOI). 15 8. Foreign Exchange Through Remittance ; Inward , Outward and Commercial . a. FER on Inward Remittance . 1) The term â€Å"Inward Remittances† includes not only remittance by T. T. , M. T. , Drafts etc. , but also purchases of bills, purchases of drafts under Travellers’ Letters of Credit and purchases of Travellers’ Cheques. (2) The ADs may freely purchase foreign currencies or raise debits to non-resident Taka Accounts of the respective bank branches and correspondents. Remittances equivalent to US$ 2000 and above should be reported. Remittances receiv ed against exports should be certified and reported on EXP Forms. 3) There is no objection to the ADs obtaining reimbursement from non-resident banks in freely convertible foreign currency in respect of Taka bills and drafts purchased by them under instructions from such a non-resident bank whether under Letters of Credit or under other arrangements. (4) If an inward remittance already reported to the Bangladesh Bank is cancelled, either in full or in part, because of non-availability of beneficiary or for any other reason, the ADs must report the cancellation of the inward remittance as an outward remittance on TM form. 16 b. FER on Outward Remittance . (1) Most outward remittances either in its entirety or upto a certain limit set by Bangladesh Bank may be approved by the ADs, following declaration of Taka as convertible for current account payments from March, 1994. However, the limits of release of foreign exchange set forth in this Guidelines are indicative . (2) All remittances from Bangladesh to a foreign country or local currency credited to non-resident Taka accounts of foreign banks or convertible Taka account constitute outward remittances of foreign exchange. ADs must exercise utmost caution to ensure that foreign currencies remitted or released by them are used only for the purposes for which they are released; they should also maintain proper records for submission of returns to Bangladesh Bank as also for the latter’s inspection from time to time. (3) In all cases of purchase of foreign currency, an application must be made to an AD. For payments against imports into Bangladesh, the prescribed application form must be used . On receipt of the application from the client/customer, the ADs may effect the sale of foreign exchange if they are empowered to approve the application. If the transaction requires prior approval of the Bangladesh Bank, the application should be forwarded by the AD to the Bangladesh Bank for consideration. (4) Applications for Bangladesh Bank’s prior approval for outward remittances, wherever required, should be submitted to the Bangladesh Bank only through the ADs and not by their customers directly. 7 (5) The amount released must not exceed the authorised limit. Also, the instructions, if any, given in the approval with regard to the amounts to be released periodically e. g. monthly or quarterly must be strictly adhered to. (6) All authorisations for selling foreign exchange for outward remittances given by the Bangladesh Bank usually remain valid for a period not exceeding 30 days from the date of approval . c. Commercial remittance . Commercial Remittance can be both inwa rd and outward . It originates from numerous sectors and in various forms . (1) Inward remittances are usually originated from freight and passage charges applicable for cargoes carried by Land Transportation , Airliner and Shipping industry . It also comes from individuals during their travels in various ports . (2) Whereas Outward remittance is originates from local distributors of the overseas cable channels . 18 9. Foreign Exchange Regulations for Travels and Visits by Baladeshi and Foreign Nationals. a. FER for Bangladeshi Nationals Travelling Abroad . 1) The amount of foreign exchange released by an AD to a traveller with the approval of the Bangladesh Bank or under general recorded by them on the traveler’s valid passport as well as ticket under their stamp and signature at the time of release of such exchange. Release of foreign exchange in excess of USD 200 or equivalent will require valid visa. However, while issuing foreign exchange to the Diplomats/Privileged persons/UN personnel, Govt. fficials travelling on official duties, such endorsement in their passports need not be made . (2) The ADs may release foreign exchange upto US$ 1000 or equivalent per person during a calendar year to Bangladesh nationals proceeding by air to destinations in SAARC member countries and Myanmar; within this annual limit, upto US$ 500 or equivalent may be issued per person for overland travels to the aforesaid countries. Also for visits of Bangladesh nationals to destinations in countries other than those mentioned above, upto US$ 3000 per person may be issued during a calendar year. However, foreign exchange in the form of cash must not exceed US$ 2000 at any one instance. For resident Bangladesh nationals proceeding abroad against one way ticket for valid job or migrating abroad, the release of foreign exchange shall not exceed the half of the un-used balance of the annual travel entitlement of the person concerned in the calendar year. Irrespective of foreign exchange entitlement, the outgoing passenger is permitted to take upto Bangladesh Taka 500 in cash at each time. . 19 (3) The annual quotas mentioned above are for adult passengers. For minors (below 12 years in age) the applicable quota will be half the amount allowable to adults . (4) While releasing foreign exchange for travel purposes the ADs should ensure that: (a) the intending traveller is a client of the AD bank or is sufficiently well known to the AD bank for it to be satisfied about the bonafide of the application. b) the intending traveller is in possession of a confirmed air ticket (where applicable) for journey to be undertaken. (c) the amount released is endorsed on the passport and air ticket (where applicable) of the traveller with indelible ink, with the signature and name of the AD branch embossed in the passport and ticket (where applicable) (d) For official or semi-official visits abroad by the officials of Government/Autonomous/Semi-autono mous institutions etc. ADs may release foreign exchange as per entitlements fixed by the Ministry of Finance/respective competent authority from time to time. In such cases, the applicant for foreign exchange shall be required to submit the Competent Authority’s Order/Notification /Circular authorising the travel abroad . 20 b. FER for Travels and Visits of Foreign National . The ADs may issue foreign currency TCs to foreign nationals without any limit and foreign currency notes upto USD 2000 per person against surrender of equivalent amounts in foreign currencies. The TCs and foreign currency notes should, however, be delivered only on production of a ticket for a destination outside Bangladesh and the amount issued should be endorsed on the relative passports. c. Import of Foreign Currency Notes . (1) In terms of Bangladesh Bank Notification Nos FE-1/03-BB dated 6th January, 2003 and FE-1/04-BB dated 23rd March, 2004 any person may bring into Bangladesh from any place outside Bangladesh without any limit foreign currency notes or bank notes other than ; (a) Un-issued notes and coins. (b) Notes legal tender in Bangladesh in excess of Taka 500 in value. Provided that the concerned person makes a written declaration to the Customs Authorities at the time of arrival, in FMJ Form of the entire amount; no declaration will however, be necessary if the amount brought in does not exceed US$ 5000 or its equivalent in foreign currency and does not exceed Taka 500 in notes legal tender in Bangladesh. (2) Sending into Bangladesh by post/courier or otherwise of any currency note, bank note or coin by any person from abroad without general or specific permission from the Bangladesh Bank is prohibited. 1 d. Export of Foreign Currency Notes . . (1) Any person ordinarily resident in Bangladesh may take out foreign exchange not exceeding US$ 5000 or its equivalent which was brought in without declaration at the time of returning from abroad. (2) Any person not ordinarily resident in Bangladesh including Bangladesh Nationals working abroad may take out of Bangladesh any amount in foreign exchange not exceeding the amount declared by him to the Custom s Authority on arrival in Bangladesh. However, such a person may take out at the time of leaving Bangladesh foreign exchange not exceeding US $ 5,000 or its equivalent brought in without declaration to the Customs Authority on his arrival in Bangladesh. (3) It is not permissible to send currency notes and coins out of Bangladesh by post/courier or any other means. 22 10. Findings on Whether FER is User-Friendly . On the basis of reasonable Studies and Analysis done on the topic followings could be deduced in this regard ; . Firstly , because of less of restrictions imposed on Foreign Currency Accounts the FER in general seems more user friendly for Outward Remittance as unlike other countries it facilitates easy remitting of any amount abroad . b. Secondly the FE rate being allowed to be dictated by open market rather than by central bank , it results in frequent inflation which goes in favour of export trade than facilitating import trade . c. Thirdly , FER facilitates easy inflow and outflow of foreign currency during travels or visits made by both Bangladeshi and Foreign Nationals , while being less liberal in this regard on local currency . d. Fourthly , less of monitoring facilities on ADs and Money Changers makes it possible sometimes to artificially overvalue foreign currency thus giving rise to inflation making it generally user friendly to the Foreign Currency holders than to local currency bearers . e . Last but not the least for less of practice of existing rules and corruption of certain levels of regulating authority the country as a whole does not seem to rip the benefit out of the FER rather other countries seems to enjoy so . 23 CONCLUSION 11 . Although the presentation on Foreign Exchange Regulation was made on a limited scale , but the process allowed our group to have a proper realization about the fact that in case of our personal and professional life ; ther is no scope of being ignorant or having less of knowledge on FER . As in that case it may either make us suffer or make pay heavy price during our travels or while doing business . 12. It is thus needless to mention that it is to the best of our interest that we take good effort in acquiring knowledge in this regard and in future make best utilization of that knowledge in taking important decisions both in our personal and professional life and career . Thank you . 24 How to cite Foreign Exchange Guidelines for Bangladesh, Essay examples

Potential and kinetic energy free essay sample

How does the drop height (gravitational potential energy) of a ball affect the bounce height (kinetic energy) of the ball? Variables: Independent variable- drop height Dependent variable- bounce height Controlled variables (constants) type of ball, measurement(unit), place bounced, and the materials used for each experiment. Hypothesis: If the gravitational potential energy (drop height) of the ball is increased, then the kinetic energy (bounce height) will increase because the ball will pick up speed on its way down which will cause it to apply more force to the ground, making the ball bounce higher. Materials and Procedure: Ball(s), meter stick, balance and a flat surface. Procedure- 1. Tape the meter stick to the side of the table with the 0-cm end at the bottom and the 100-cm end at the top. Be sure that the meter stick is resting flat on the floor and is standing straight up. 2. Choose a ball type and record the ball type in the data table. We will write a custom essay sample on Potential and kinetic energy or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page 3. Use the triple beam balance to determine the mass of the ball and record the ball’s mass in the data table. 4. Calculate the gravitational potential energy (GPE) for the ball at each drop height. Record GPE in the data table. 5. For Trial 1, hold the ball at a height of 40 cm, drop the ball carefully and observe the bounce height. Record the bounce height in the data table. 6. Drop the ball four more times from 40 cm, recording the bounce height each time, for a total of five drops. 7. For Trial 2 repeat steps five and six but drop the ball at 50 cm. Record the bounce heights in the data table. 8. For Trial 3, drop the ball five times from 60 cm and record the 5 bounce heights in the data table. 9. For Trial 4, drop the ball five times from 70 cm and record the 5 bounce heights in the data table. 10. For Trial 5, drop the ball five times from 80 cm and record the 5 bounce heights in the data table. 11. For Trial 6, drop the ball five times from 90 cm and record the 5 bounce heights in the data table. 12. For Trial 7, drop the ball five times from 100 cm and record the 5 bounce heights in the data table. 13. Repeat the steps 2 through 12 for a different ball. 14. Calculate the average bounce height of the 5 drops for each drop height. Record the average bounce height in the data table. Calculate the average bounce height for all trials. 15. Plot the average bounce height on a line graph.  gy there is. For example this means that if the drop height of the ball is increased (gravitational potential energy) then the bounce will increased too(kinetic energy). So the answer to the problem is that if the drop height were to increase so would the bounce height and if the drop height decreased so would the bounce height. In this lab the potential and kinetic energies were inversely prop ortional. The Kinetic energy (bounce height) was affected by the drop height (potential energy). I know this because the higher the ball was dropped the bigger the bounce height. For example a Ping-Pong ball was dropped at 40 cm and bounce and average of 20. 4cm at 60cm though the ball bounced an average of 33 cm. In the law of conservation of energy, energy is not created or destroyed only converted or changed. This lab represents this because during the experiments the energy stays throughout. This means if looking at a graph you can see the potential energy stored up changing into kinetic energy. Also there were other energies produced. Energies like sound energy, you could have heard the ball bounce against the ground.