Philosophical Definition of Justice: The Role of Accounting

Philosophical Definition of Justice: The Role of Accounting What is Justice? Justice means different things to different people. It is very much a culturally determined concept that requires an innate understanding of a particular person or group of people. For the purpose of this research paper justice is defined as the judgment and process involved with making something that is wrong or bad, right and good. Justice helps us as a society distinguish wrong from right and corrects what is wrong by making it right. But what is right and what is wrong? What is fair and what is just? If something is wrong or unfair, how should society make it right? Such questions have been asked since the beginnings of human interaction. Perhaps under a monarchy justice, for right or wrong, is more easily determined as it is simply what the supreme ruler (or monarch) feels is just or fair. Under a monarchy or aristocratic rule, there is only one ruler and what that individual feels is right, just, or fair, simply is and often cannot be questioned. However, within the realm of more contemporary political systems such as democracy, the ideology of justice, while arguably more fair, can be much more difficult to establish and understand. Democracy, at least in theory, grants the power to the people and therefore places the burden of justice or defining what is fair or equal upon the masses. Since different people have different belief systems they are often in disagreement on what is right or what is fair and have differences of opinion when it comes to justice. Without the aristocracy, justice becomes a very argumentative and ambiguous concept. Philosophy, the Various Schools of Thought, and their Influence on the Ideology of Justice Disagreements over what is fair (or just) have been around since the beginning of time, almost certainly since the very first of human interactions. At first glance we probably think we have a fairly uniform understanding of what justice might or should be. For example if someone commits premeditated first degree murder, most would probably agree the individual should be jailed and, depending on your belief system, either face a life sentence in jail or the death penalty. If someone embezzles money from their company, most would insist the individual should be forced to make restitution and face additional criminal or civil penalty. But even in the seemingly straightforward examples above, and within the realm of a relatively homogenous audience (those reading this paper), one can already start to see how complicated the ideology of justice can be. For example, some have very strong feelings about the death penalty and insist that no crime, even murder, would justify ending another persons life. Additionally, some feel that crimes such as embezzlement are a form of victimless crime and would never warrant a punishment as severe as jail time since no one individual had been harmed. (Hanlin 2004, pp. 527) Within the relatively straightforward scenarios above, one can already begin to imagine the diversity of opinions as to what is just and fair. Should the murder be murdered? Should the embezzler be jailed? What if he only stole the money to pay for chemotherapy for his dying wife? Luckily, numerous philosophers and historians have provided us with rich literature that helps us decipher the complex ideology of justice. In fact, it is only after studying and critically evaluating several of these philosophers, their different schools of ethical and moral thought, and the way they define justice that one can start to understand the differences in perceptions of justice around the world. The next sections provide brief introductions into several of the various schools of ethical and moral thought and provide some insight into the individual philosophers that have undoubtedly helped to shape ours and others understanding of justice. It is only after considering the various schools of thought that we can start to understand the differences in the perception of justice that exist around the world. Utilitarianism Jeremy Bentham (1748-1832) was a utilitarian and insisted that justice is doing what will produce the greatest happiness for the greatest number of people. (Justice a Reader pg. 9) The utilitarian school of thought considers the principle of utility as the basis of moral law. Bentham defines utility as whatever promotes pleasure or prevents pain. (Justice A Reader pg. 9) The major criticism / objection to Benthams utilitarian principals come from the perspective that maximum utility, or collective happiness, may come at the expense of violating individual rights. (Justice A Reader pg. 9) In order to refute some of the criticisms of Benthams utilitarianism, John Stuart Mill (1806-1873) argued that the idea of justice rests ultimately on utilitarian considerations but also requires a respect for individual rights. (Justice A Reader pg. 9) But even with Mills approach to justice, it becomes extremely difficult to choose and/or decipher between individual rights and the majority or maximum utility. This often leaves us with questions of where to draw the line between the greatest good for the majority and the protection of individual rights. Libertarianism Milton Friedman and other libertarian thinkers were advocates of free markets and critics of government regulation. (Justice A Reader pg. 49) Underlying their (libertarians) laissez-faire stance is the idea that each of us has a fundamental right to liberty – a right to do whatever we want with the things we own, provided we do not violate other peoples rights to do the same. (Justice A Reader pg. 49) Contrary to utilitarian thought, libertarians would never sacrifice individual rights for maximum utility or the benefit of the majority. According to the Libertarians, only a minimal government is necessary. In essence the government should only be put in place such that it enforces contracts, protects private property, and keeps the peace. (Justice A Reader pg. 49) Justice would ensure that we own ourselves and the fruits of our labor, and therefore, as the proprietors of our own person, each of us has the right to decide what to do with our bodies and our labor, with the money we earn, and the goods we possess. (Justice A Reader pg. 49) Justice would be the protection of those rights as well as the individual rights of others. The biggest challenges to libertarian policy usually come in the form of paternalist and/or redistributive laws. Paternalist and redistributive laws typically are enacted such that a society can tax the rich to help the poor. While utilitarian principles strongly favor such laws, Libertarians typically argue that such laws are a form of coerced charity that makes every person the property (perhaps even the slave) of the majority. (Justice A Reader pg. 49) Pure Libertarianism teaches that welfare is a violation of individual rights. Liberationists believe that while the poor should have every right to better themselves, that right should not come at the expense of anyones individual right to what they own or produce. Egalitarian A third school of thought that attempts to define the role of justice in society is egalitarianism. John Rawls (1921-2002) was often described as an egalitarian liberal (Justice A Reader pg. 263) and defined justice as fairness. Rawls believed that justice is a social contract in which people come together to choose the basic principles that will govern their society and proposed that the way to think about justice is to ask what principles would be chosen by people who came together behind a veil of ignorance that temporarily deprived them of any knowledge about where they would wind up in society. (Justice A Reader pg. 203) Accordingly, Rawls moral reasoning requires us to be abstract from the particular circumstances in which we find ourselves (Justice A Reader pg. 203), and justice is the first virtue of social institutions, as truth is of systems of thought. (Justice A Reader pg. 203) Rawls rejected utilitarianism and believed that certain individual rights are so fundamental that utilitarian considerations should not override them. (Justice A Reader pg. 203) However, contrary to Freidman and the libertarians, Rawls did not believe that the results of a free market are necessarily fair and was not opposed to the taxation of the privileged to help the poor. In Rawls opinion it would be acceptable, under certain circumstances, to take from the privileged as long as it were helping the underprivileged. Accounting and Justice Regardless of how you define justice or what school of thought you most closely relate to, it is clear the accountant plays a significant role in the establishment and preservation of justice for society. Accounting is the language of business (Bloomfield, 2008) and without it justice cannot exist. Since the beginnings of specialization, when humans stopped being self sufficient and started specializing, bartering, and trading, accounting has become a critical part of human interaction. In todays society accountants serve in many roles critical to the defense and preservation of justice. For example, in the U.S., IRS accountants ensure that citizens pay the appropriate amount of tax, forensic accountants provide investigative services for criminal and civil proceedings, and many of the FBIs anti-terrorist agents use their accounting backgrounds to trace terrorist funding. History of the Spanish Empire One only has to look back a few hundred years to see a perfect example of how the role of an accountant can protect and help preserve, or fail to protect and preserve, an entire civilization. In his book For Good and Evil – The Impact of Taxes on the Course of Civilization, Charles Adams describes how tax fraud lead to the demise of one of the largest and most wealthy empires found in modern times – Imperial Spain. Around the time Christopher Columbus discovered the new world (the 14th and 15th centuries), the Spanish Empire was the strongest empire in the world which has never been equaled in terms of size or money. (Hanlin 2004, pp. 529) It controlled significant portions of Europe, the Americas, Africa, Asia, and Oceania (Australia and the Pacific Islands), and at its peak Spains conquered overseas empire was the largest the world has ever known. (Hanlin 2004, pp. 529) However, in the 17th century the vast empire started to disintegrate. Contrary to conventional wisdom, it was not the English fleet defeating the Spanish Armada that brought down the Empire, rather it was tax evasion and revolt by the masses against the patronage system that ultimately lead to the bankruptcy of the empire. After several revolts from within the empire, and long civil war, the Spanish Empire was forced to increase taxes to pay soldiers to put down the various rebellions. As a result, many of the people in the colonies engineered what was probably the best system of fraud and evasion that history has ever known. (Hanlin 2004, pp. 530) When the Spanish authorities tried to tax goods that passed through the major ports, the Spanish businessmen created complicated schemes to have silver and gold shipped to alternate ports away from the customs officials, even laundering it through foreign countries. (Hanlin 2004, pp. 530) In order to avoid the Royal Fifth – a 20% cu stoms tax and a 35% convoy tax on good from the colonies, the Spanish businessmen transformed commerce into one massive smuggling operation by avoiding the authorities and therefore the taxes. (Hanlin 2004, pp. 530) The Empire tried to stop the smuggling and division of money and goods away from the taxing authorities but simply did not have the means to control and stop the smuggling and tax evasion. As a result, the overseas empire could not defend itself and stealing the colonies of Spain became an international sport as most of the colonies were lost to the British, Dutch, and eventually the United States. Contemporary Accounting and Justice Given its role as the language of business, accountings integral role in society continues to grow as global economies grow and become increasingly interconnected. World GDP has grown from $1.34 trillion in 1960 to $60.6 trillion in 2008. (The World Bank, 2009). The Association of Certified Fraud Examiners estimates that in the U.S. 7% of total GPD is lost to fraud and injustice. (ACFE, 2008) When applied to a global GPD of $60.6 trillion loses resulting from fraud and injustices are estimated to have been $994 billion in 2008. $994 billion is a staggering number but in fact may be understated as many developing countries face an even higher percentage of fraud due to the lack of infrastructure and the ability to combat fraud. According the Corruption Perception Index (CPI), the U.S. ranks 19th (with 1st indicating the least amount of corruption) out of 182 countries surveyed for the amount of perceived corruption within a particular country indicating that, on a global scale, losses probably well exceed the trillion dollar mark annually. So who is best equipped to protect and defend the innocent from the injustices of fraud? The answer is simple, the accountants around the world. Accountants understand the language of business better than anyone and therefore are best suited to be the defenders of justice and fight the injustices that exist across the globe. Just or unjust, they may have even been able to preserve the Spanish Empire. Distributive Justice Another manner in which accountants play an integral role in society is through distributive justice. Utilitarian principles have led to many governments and societal systems that incorporate and rely upon paternalist or redistributive laws. For example, the U.S. and many other countries tax their wealthy citizens and use the funds to run social support programs for the poor such as welfare, unemployment, section 8 housing, etc. Such programs are a form of distributed justice. Robert Nozick describes distributive justice as follows: In contemporary political theory, distributive justice is primarily about the allocation of income, wealth, and opportunity. (Justice A Reader pg. 263) If distributive justice does represent the allocation of income and wealth, than who other than that accountant, who understands the language of business and taxation, would be best equipped to establish and preserve distributed justice? Another example of distributive justice and the role that an accountant plays is the concept of price gauging. Michael Sandel uses a great example in his teachings at Harvard when discussing the events that often transpire in the aftermath of a hurricane. Often, in the days following a major hurricane, for example Hurricane Charley in 2004 and Hurricane Katrina in 2005, local retailers charge prices for common goods such as bags of ice and gas powered generators in excess of 1000% of their normal price. (Justice, 2009) Should such practices be considered simply the effects of supply and demand or is it injustice on the part of the retailer in the form of price gauging? Regardless of your opinion on price gauging laws, it is evident the accountant is best equipped to understand and determine whether or not price gauging exists and how to best allocate monies. Who other than the accountant would understand all the transactions taking place between retailers and consumers? In both cases above, the enforcement of paternalistic laws and analysis of price gauging activities, accountants are the ones that ensure monies are appropriately being collected and allocated, thereby defending justice as a society sees fit. Justice and the Role of the Accountant Globally Increasingly, corporations and businesses are taking on the global environment. This requires that accountants and auditors be able to identify the different risks associated with international interconnectedness and be able counteract these risks with the necessary precautions. The global environment adds additional complications for the role of the accountant and actually increases the responsibilities as the defender of justice. In a global spectrum, there are many different laws and regulations and thus, the role of the accountant changes depending on the environment in which the rules are generated. Culture is a huge influence on accounting regulation. Additionally, culture is intertwined within the market and political forces that help to shape the resulting accounting system. The different interaction of these forces in an environment helps to determine the place of the accountant in the economic system, which has a direct effect on the accountants role as the defender of just ice. Justice can only prevail in a society that embraces it. Perceived levels of corruption can be indicative of the state of the economy of a particular country which can help to define or determine the role of the accountant. If there are very few cases of fraud, but high levels of corruption perception it can be an indication that the appropriate level of justice is not being achieved. If enforcement of laws and regulation is inconsistent then a tougher approach may be needed to combat corruption. Transparency International states that in order to minimize corruption there needs to be strong oversight by governments, law enforcement, media, and the society. If a country is lacking oversight, corruption can continue to get worse. As a result, the role of the accountant in these environments would be limited since rules, laws, and regulations are not embraced and enforced. Regulation is only part of the battle. Change will only be effective if it comes from a commitment that is made by businesses and governments of all sizes. Stronger institutional oversight is needed across the world. There needs to be strict legal frameworks and more alert regulation by enforcement agencies in addition to accountants and auditors that ensure lower levels of corruption. As noted in an article issues by Transparency International, persistently high corruption in low-income countries amounts to an ongoing humanitarian disaster. According to the CPI index, China has improved over last year showing that their efforts to reduce corruption by enacting reforms, the implementation of forceful investigation, and intense sentencing have created less perceptions of corruption than before, but still remains a very serious problem. Norways score indicates that as a result of some serious scandals that have emerged over the last few years there is a significant problem in the private and public sectors. However, a growing number of cases being investigated and prosecuted demonstrates that they are at least trying to make headway. Italy is declining in the corruption index because of severe fraud and corruption that exist in the public health system and because of the recent arrests of politicians and public officials in the Abruzzo region. France also has also seen several cases of public officials that were connected to corrupt activities surface recently. Somalia, having the lowest CPI score highlights that there is a link between economic and political collapse. Additionally, Iraqs score of 1.3 shows the importance of establishing solid and functioning institutions capable of preventing corruption and implementing the rule of law. In all cases, the examples provide insight and indicate a need for regulation and an increased role for accountants because justice is not being found. Accounting Regulation Globally Accounting rules can indicate a lot about a country. Accounting rules are created in such a way that they fit the environment that they exist in, which varies across countries and cultures. If society wishes to protect the investor, the accounting system will have disclosure rules that enable investors to gain information and protect themselves. While some countries are developing regulations that contain investor protection improvements, in many cases much more work needs to be done. The manner in which markets function and the way politics are conducted greatly affect accounting systems and often lead to drastic differences across countries. The role of the accountant and, furthermore, the way that justice is enforced will also vary greatly amongst countries. Common law countries differ from codified law countries because common law countries have an independent body to interpret the law. Accounting rules in common law countries are determined by the private sector and require lengthy disclosure since there are no close relationships with corporations. However, code law countries require that corporations be heavily involved the government. The government often includes banks, labor unions, and major suppliers in rule-making decisions. As a result, transactions in these countries tend to be focused more on private information. There are institutional differences between all countries. Institutional differences enable economic and accounting systems to differ, thus the role of the accountant and the justice that results will differ amongst these countries. Accounting regulation in Germany allows more discretion on the accountant because it is written in more general terms. However, in France the regulation is more rigid, enables less discretion, and thus provides less wiggle room on the part of corporations. In Switzerland there are very few disclosure requirements, which can facilitate the reporting of smooth earnings through the usage of hidden reserves. Further, some accounting systems are difficult to compare because they do not fit within any particular mold. For example, the accounting system in Finland was created specifically for use by the foresting industry. By looking at international comparisons of accounting systems, it is evident there is no single way of performing accounting. As a result, the accounting rules are different and change to become an integral part of the markets and politics of each country and culture. Market demand affects the financial statements because the corporations must pay to prepare them. The political environment is important because the government has the ability to control regulators and possibly interfere with regulation. In order to perform and understand the different accounting processes, accountants must be aware of the different forces that exist in a particular country. By being aware of the different forces, accountants will be able to more aptly ensure that justice prevails in the country they operate. As evidenced above, accounting regulations vary across countries, time, and cultures which causes significant variations in the role of the accountant. While countries have been extending efforts to strengthen accounting rules and oversight, this alone cannot and will not prevent future fraud. (Leuz, 2002). But there are many benefits to implement strong laws and enforcement in order to protect shareholders rights. U.S. firms are not the only ones experiencing problems, as many firms globally are suffering from accounting irregularities. Some countries experience self-dealings and misappropriations of profits because of weaker legal measures. Weak legal measures create a greater incentive to manipulate the financial statements to conceal poor business performance. Manipulation is less apparent in places where outside investors have legal rights to vote out corrupt managers. However, manipulation is predominant in places like Austria, Italy, Germany, Southeast Asia, South Korea and Ta iwan, because they do not have investor protection. East Asian Perspective The East Asian countries, Hong Kong, Malaysia, Singapore, and Thailand can help accountants see the way that accounting standards interact with the incentives of managers and auditors. (Ball, Ashok, et al, Incentives versus standards) The accounting standards in these countries come from a common law environment. Common law countries generally create high quality financial reporting. However, in these countries the preparers incentives generate low quality financial statements. The preparer incentives again, depend on the market and political forces and how these forces interact with one another. Market forces are dependent on the demand for high-quality financial reporting. The political forces depend on the government involvement in the creation and enforcement of the regulation. The interaction of these forces with the accounting system can drastically change the role of the accountant in these countries. The standards themselves are viewed as high-quality, but the institutional s tructure creates incentives for preparers incentives to issue low-quality financial reports. Financial reporting in East Asia generally exists with an incentive structure that is similar to a code-law model. However, the East Asian countries do not follow that model. Their governments have code-law reporting incentive features, but also have indications that the environment reduces the financial reporting quality. The large amount of family-owned businesses and enterprises is a cause for the low need of quality financial statements. One family generally owns investments that are inter-related. These networks are commonly referred to guanxi networks. These networks attempt to take away the demand of required disclosures and timely loss recognition and it also reduces the communication required with stakeholders. The extent of government involvement in the standard setting and the financial reporting practice differs across these countries. Political factors can create an incentive to hide large profits and losses. The political environments in these East Asian countries have a tendency to want companies to succeed, so they recommend companies hide losses. They also are afraid of other countries becoming involved in their practices because they do not want to be held accountable for any misstatements. The companies are also expected to report smooth earnings, which reinforces the desire to report, cover, and hide losses. Litigation is minimal in these countries since there is a large incentive to hide earnings, which the government reinforces. There have been very few cases of judicial actions in these countries. Audit quality in these countries is poor primarily due to lack of auditor independence. The influence and independence of the accounting profession is an indicator of ineffective enf orcement of accounting standards. Considering the financial incentives for managers and auditors there is a greater incentive for reduced timeliness and conservatism in accounting earnings. Fraud is continuing to go undetected in Hong Kong. Although there is a 22% incidence of fraud, much more is expected to be going on given the different forces that are currently having an effect on the country. As a result, currently more scrutiny is being given to the monitoring of financial transactions and corporations are beginning to make it a priority. There are currently programs that are offered for certification in forensic accounting, which is having an impact on fraud detection. Most of the fraud cases that exist in Hong Kong are internet banking fraud, computer fraud, misuse of corporations credit card, and electronic funds transfer fund. There is a need for more forensic accountants in Singapore in order to ensure sufficient justice as many significant fraud cases are going undetected. Two important fraud cases involved Fibrechem Technologies and Oriental Century. In the Fibrechem Technologies audit, Ernst Young Singapore were not certain of the cash and trade debtor balance. KPMG had the same problem with Oriental Century. Another notable case is one in which a Singapore monk, who was in charge of Singapores well-known charities, received 10 months in prison for committing fraud. In Malaysia, the role of accounting in the fight for justice is very small. Crimes are beginning to become more and more complicated and controlled but forensic accounting is viewed as a service that only larger companies can afford. This makes catching fraud more difficult. Cases that are investigated are generally handled by the Bukit Aman Commercial Crime Division. This group was able to catch a large fraud that involved the CEO and two others of Transmile Group Bhd for publishing misleading financial statements and has often been called Malaysias Enron. Fraud and forensic accounting is a relatively new topic in Thailand. According to an Ernst Youngs global survey, more than half of the companies in Thailand have suffered significant fraud. The management of the corporations was responsible for over half while employees ranked second, responsible for 45% of the fraud incidents reported. Asset misappropriation was the biggest concern. (MPA Program: Forensic accounting project) The commercial crimes in Thailand are becoming more and more complicated and organized. Forensic accounting is used to combat this to an extent, but is only utilized in the public sector. It is also noted in Thailand that there remains an enormous amount of well documented corruption related to the government amounting to billions of US dollars. There are many cases where Thailands auditor general, Jaruvan Maintaka, was able to bring about cases against members of the government but there are even more cases linked to the military involving loans from politicia ns. Chinese Perspective This accounting profession is still at the early stage of development in China, and a lack of skilled professionals creates problems for regulators. To a large extent the accounting standards and practices in China lack conservatism Doupnik and Perera note in their International Accounting textbook. There are also no sound interpretations of the relevant requirements that need to be implemented to have an effective accounting system. The theory of true and fair presentation and transparency may not be clearly understood by Chinese accountants. Until the 1980s, those who carried out accounting work were not held in high regard which had a very negative effect on the development of the accounting profession in China. Unlike in other countries, accounting and auditing have taken different paths in their development as rival disciplines with the support of different government agencies. However, there has been some growth in the accounting profession due to the recent economic reform pro gram and the demand for financial information from investors has increased. There are many fraud cases evident in China. One high-profile case that deserves mentioning was with Zhu Xiaohua who was the chairman of state-owned company, Everbright Group. Zhu was convicted to 15 years in prison for taking $500,000 in bribes. These bribes were taken between 1997 and 1999. The bribes were for the purchase of shares in a company that resulted in large losses. Another example of fraud in China was when a business woman, Du Yimin, was sentenced to death for running a Ponzi scheme that cheated investors out of YUAN700m ($102 million). (Lin, 2009) According to Lin, the Chinese Ministry of Public Security has been stepping up such prosecutions and says there are now 1,416 similar cases open, involving YUAN10bn ($1.5 billion) in investors money. In China it is still possible to receive the death penalty for fund-raising fraud, however, if a Chinese person is charged with collecting money illegally from private investors, the maximum sentence is 10 years in prison. In Chi na is evident that ethics are not being followed across the board. Japanese Perspective Japan also differs from other cultures and has a different role of the accountant and effectively different need for justice. The Japanese attitudes towards external auditors and the audit function are different from others. This is due to the cultural value orientation of not trusting someone from outside the group. Companies are not under pressure from their main providers of finance to disclose information publicly and companies are reluctant to provide information voluntarily. As a result, the a

Free College Essays - Lessons Learned in Moby Dick :: Moby Dick Essays

There is much to be learned from the theme of the novel Moby-Dick.   As in any book, there is a message or a sort of subliminal â€Å"moral of the story† type lesson you can learn from Moby-Dick.   The novel, Moby-Dick, can teach you many things if you can remain focussed long enough.   However, the most prominent lesson that can be learned from the work is not that complicated and rather apparent.   This lesson can be summed up in one sentence; don’t become to focussed and obsessed with one goal to the point that you exclude the more important things in life.   This lesson is represented with Ahab’s peculiar obsession with hunting and killing a whale.   By setting this as his most significant goal in life, he begins to ignore more important things such as the lives of his crewmen, and eventually his own life.   This mistake wound Ahab up dead. Although the novel isn’t trying to say that if you over obsess with a matter or issue in your life that you will die, it’s simply trying to say that if you put minor self-centered goals before what’s most important, you will more than likely regret it.   This lesson is very true, and can be related to real life instances when compared to examples such as government dictatorships or social relationships.   For instance, many dictatorships are lead by one person with overwhelming power over his or her nation.   This, in most cases, ends up with a greedy and uncontrollable leader who leads their country to certain downfall.   Also, on a much more common scale, some relationships can symbolize this lesson.   For example, say one person is very much so attracted to another.

India’s Energy Scenario

Energy in India for the Coming Decades Anil Kakodkar Chairman, Atomic Energy Commission, India [email  protected] gov. in The reforms initiated in India since the beginning of the nineties have led to rapid economic progress and better growth rates. In the first decade of this century the growth rates seem to be still better. Studies by several academics and consultants forecast continued high growth rate for the next several decades.I’ll quote two such studies, one by Dominic Wilson and Roopa Purushothaman of Goldmann Sachs [1] and the other by Dani Rodrik and Arvind Subramanian of the International Monetary Fund [2]. Wilson and Purushothaman write, â€Å"India has the potential to show the fastest growth over the next 30 to 50 years. Growth rate could be higher than 5 percent over the next 30 years and close to 5 percent as late as 2050 if development proceeds successfully. † Rodrik and Subramanian write, â€Å"†¦.. rowth in capital stock together with growth in factor productivity will yield output growth of 5. 4 percent. Over the next 20 years, the working age population is projected to grow at 1. 9 percent per year.If educational attainment and participation rates remain unchanged, labor growth will contribute another 1. 3 percent, yielding an aggregate growth rate of 6. 7 percent per year, or a per capita growth rate of 5. 3 percent. This is a lower bound estimate and, even so, would be significantly greater than the per capita growth rate of 3. percent achieved in the 1980s and 1990s. Over a 40-year period, a 5. 3 percent growth rate would increase the income of the average person nearly 8-fold. † Growth in economy is made possible by several inputs, the two most important being energy and human resource. In this conference, we are concerned about energy and so I’ll confine myself to energy. Energy is the engine for growth. It multiplies human labour and increases productivity in agriculture, industry as well as in serv ices. To sustain the growth rate in economy, energy supply has to grow in tandem.For a large country like India with its over one billion population and rapid economic growth rate, no single energy resource or technology constitutes a panacea to address all issues related to availability of fuel supplies, environmental impact, particularly, climate change, and health externalities. Therefore, it is necessary that all non-carbon emitting resources become an integral part of an energy mix – as diversified as possible – to ensure energy security to a country like India during the present century.Available sources are low carbon fossil fuels, renewables and nuclear energy and all these should be subject of increased level of research, development, demonstration and deployment. In the Department of Atomic Energy, we have conducted a study with the aim to quantify the likely growth in energy demand in India, and the role nuclear energy has to play in the decades to come. The ultimate objective was to formulate a strategic plan to meet the projected role to be played by nuclear energy [3].Energy intensity of GDP, defined as the ratio of the energy consumption to the GDP, has been observed to follow a certain trend worldwide. Below a certain level of development, growth results in increase in energy intensity. With further growth in economy, the energy intensity starts declining. Based on data by International Energy Agency [4], overall energy intensity of GDP in India is the same as in OECD countries, when GDP is calculated in terms of the purchasing power parity (PPP). Energy-GDP elasticity, the ratio of the growth rates of the two, remained around 1. from early fifties to mid-seventies. Since then it has been continuously decreasing. Electricity is the most important component of the primary energy. Electricity-GDP elasticity was 3. 0 till the mid-sixties. It has also decreased since then. Reasons for these energy–economy elasticity changes are : demographic shifts from rural to urban areas, structural economic changes towards lighter industry, impressive growth of services, increased use of energy efficient devices, increased efficiency of conversion equipments and inter-fuel substitution with more efficient alternatives.Based on the CMIE data [5], the average value of the Electricity-GDP elasticity during 1991-2000 has been calculated to be 1. 213 and that of the primary energy- GDP elasticity to be 0. 907. Estimating the future GDP growth rates of India from the projections made by Dominic Wilson and Roopa Prushothaman [1], taking the primary energy intensity fall to be 1. 2 percent per year [6], extrapolating the electricity intensity fall from past data till 2022 and subsequently a constant fall of 1. 2 percent year, the growth rates of the primary energy and electrical energy have been estimated as follows. Period |Primary Energy |Electricity | | |Percent Annual Growth |Percent Annual Growth | |2002-2022 |4. 6 |6. 3 | |2022-2032 |4. 5 |4. | |2032-2042 |4. 5 |4. 5 | |2042-2052 |3. 9 |3. 9 | These rates are the basis of the projections reported [3]. It may be recalled that historical primary energy and electricity growth rates during 1981- 2000 were 6 percent per year and 7. 8 percent per year respectively.Based on the growth rates given in the above table, per capita electricity generation would reach about 5300 kWh per year in the year 2052 and total about 8000 TWh. This would correspond to an installed capacity of around 1300 GWe. Annual primary energy consumption would increase from about 13. 5 EJ in 2002-03 to about 117 EJ in 2052-53. By then the cumulative energy expenditure will be about 2400 EJ. The present status of various fuel-resources in India is given in the table 1. The domestic mineable coal (about 38 BT) and the estimated hydrocarbon reserves (about 12 BT) together may provide about 1200 EJ of energy.To meet the projected demand of about 2400 EJ, one has to tap all options includ ing using the known fossil reserves efficiently, looking for increasing fossil resource base, competitive import of energy (including building gas pipe lines whenever and wherever permitted based on geo-political considerations and found feasible from techno-commercial considerations), harnessing full hydro potential for generation of electricity and increasing use of non-fossil resources including nuclear and non-conventional.Before proceeding further, I would like to explain the status of nuclear power technology in India. Comprehensive expertise in all aspects of nuclear fuel cycle and Pressurized Heavy Water Reactors (PHWRs) has been acquired through self reliant means in India. PHWRs which constitute the mainstay of the first stage of our nuclear power programme are the most efficient systems in terms of uranium utilization and would enable about 10 GWe of nuclear installed capacity with our modest indigenous uranium resources.Having tied up the PHWR programme upto around half way mark, we have now embarked on the development of Fast Breeder Reactor (FBR) based second stage of our programme with the construction of the 500 MWe Fast Breeder Reactor launched in October last year. Our studies indicate that we should be in a position to support around 500 GWe power generation capacity based on plutonium bred from indigenously available uranium. This is a part of the strategy of three stage programme formulated by India right in the beginning of the programme aimed eventually at exploitation of our vast thorium resources.With decades of R;D in our laboratories and Industry, India has come a long way since the inception of the programme and the current efforts are aimed at further improving the economy, enhancing safety and expanding the programme to meet the increasing electricity demand in the country. The 540 MWe PHWR unit at Tarapur that went critical on 6th March, about 8 month ahead of schedule is an important landmark in terms of efforts in this directio n. In addition to the indigenous technology, the Indian power programme includes two GE-BWRs which were set up as turnkey projects right at the inception of our programme.While these reactors are running well as a result of comprehensive backfits and upgrades carried out indigenously, our experience in terms of securing reliable fuel supply has not been satisfactory. Two 1000 MWe VVERs are presently under construction at Kudankulan and would contribute additional carbon free electricity to Indian grids when completed. Coming back to the energy growth scenario [3], the study points out that it is necessary to develop metallic fuel for the fast reactors during the next one decade.Metallic fuels have short doubling time and can ensure a fast enough growth in nuclear installed capacity. Assuming that the fast reactors to be set up after 2020 are based on metallic fuel, the study calculates the maximum possible contribution that can be made by nuclear till the middle of the century. Hydr o and non-conventional potential being limited, the remaining demand has to be met by the fossil fuels. The results indicate that it is possible to have one quarter of the contribution coming from nuclear by the middle of the century, if the fast reactor growth follows the course outlined.Even after the growth projected by the study, there will be shortages and the country will continue to import energy as at present. Research and development plans have to be formulated to ensure that new technologies can be deployed to reduce energy imports. Three efforts being made by the Department of Atomic Energy are worthy of mention here in this context. Bhabha Atomic Research Centre is working on development of a Compact High Temperature Reactor with the aim of producing hydrogen, which could be the most important energy carrier in the future.Several institutions within the Department of Atomic Energy in India are together working for the development of Accelerator Driven Systems, so that on e could sustain growth with thorium systems and move towards incineration of long lived radioactive wastes. The Institute for Plasma Research (IPR), is spearheading the Indian effort in developing a fusion based system for the production of energy. One of the world’s first super conducting steady state tokamak with elongated diverter plasma having 1000 second operation capability is nearing completion at IPR.The Indian population corresponds to one sixth of world population. However, the carbon dioxide emission from India is only around 4% of the global emissions. On the basis of current energy mix and the present day technologies for electricity production, the CO2 emission from India alone could become as much as half of the present level of global emission in a few decades from now. A larger share of nuclear power in India beyond what would be realized through indigenous efforts would, in principle, contribute to further avoidance of CO2 emission which otherwise would be i nevitable.To conclude, the first stage of the indigenous nuclear power programme involving setting up of pressurized heavy water reactors is now in industrial domain. With the start of construction of the 500 MWe fast reactor in October last year, the second stage has been launched. It is time for India to accelerate the implementation of the second stage and development of the third stage of the nuclear power programme. In parallel, India has to continue to work towards development of emerging nuclear energy technologies to address its long term energy requirements which are indeed very large.References [1] Dominic Wilson and Roopa Purushothaman, â€Å"Dreaming with BRICs: the path to 2050† Global Economics Paper No 99, Goldmann Sachs, 1st October 2003. [2] Dani Rodrik and Arvind Subranium, â€Å"Why India can grow at 7 percent or more: projections and reflections†, IMF Working Paper, WP/04/118, July 2004. [3] R. B. Grover and Subash Chandra, â€Å"A strategy for gro wth of electrical energy in India†, Document No 10, Department of Atomic Energy, Mumbai, India, August 2004. 4] International Energy Agency (IEA), Key World Energy Statistics, 2003. [5] Centre for Monitoring Indian Economy (CMIE) 2002, â€Å"Energy†, April 2002 [6] International Energy Agency (IEA), ‘World Energy Outlook 2002 Highlights’ p 32. Table 1: Primary energy ; electricity resources |   |Amount |Thermal energy |Electricity | | | | |potential |   |   |EJ |TWh |GWYr |GWe-Yr | |Fossil |   |   |   |   |   | |Coal |38 -BT |667 |185,279 |21,151 |7,614 | |Hydrocarbon |12 -BT |511 |141,946 |16,204 |5,833 | |Non-Fossil |   |   |   |   |   | | Nuclear |   |   |   |   |   | | Uranium-Metal |61,000 -T |   |   |   |   | |In PHWRs |   |28. |7,992 |913 |328 | |In Fast breeders |   |3,699 |1,027,616 |117,308 |42,231 | | Thorium-Metal |2,25,000 -T |   |   |   |   | |In Breeders |   |13,622 |3,783,886 |431,950 |155,502 | | Renewable |   |   |   |   |   | | Hydro |150 -GWe |6. 0 |1,679 |192 |69 | |Non-conventional renewable |100 -GWe |2. 9 |803 |92 |33 | Assumptions for Potential Calculations Fossil 1. Complete Source is used for calculating electricity potential with a thermal efficiency of 0. 36. 2. Calorific Values: Coal: 4,200 kcal/kg, Hydrocarbon: 10,200 kcal/kg. 3.Ministry of Petroleum and Natural Gas [7]has set strategic goals for the next two decades (2001-2020) of ‘doubling reserve accretion’ to 12 BT (Oil + Oil equivalent gas) and â€Å"improving recovery factor’ to the order of 40%. Considering the fact that exploration is a dynamic process and India is one of the les explored countries, reference [3] assumes that cumulative availability of hydrocarbons up to 2052 will be 12 BT. Non-Fossil Thermal energy is the equivalent fossil energy required to produce electricity with a thermal efficiency of 0. 36. Nuclear 1. PHWR burn-up = 6,700 MWd/T of U-ox ide, thermal efficiency 0. 29 2. It has been assumed that complete fission of 1kg. of fissile material gives 1000 MWd of thermal energy. Fast reactor thermal efficiency is assumed to be 42%. Fast breeders can use 60% of the Uranium. This is an indicative number.Actual value will be determined as one proceeds with the programme and gets some experience. Even if it is half of this value the scenario presented does not change. 3. Breeders can use 60% Thorium with thermal efficiency 42%. At this stage, type of reactors wherein thorium will be used are yet to be decided. The numbers are only indicative. Hydro 1. Name plate capacity is 150 GWe. 2. Estimated hydro- potential of 600 billion kWh and name plate capacity of 150,000 MWe gives a capacity factor of 0. 46. Non-conventional renewable 1. Includes: Wind 45 GWe, Small Hydro 15 GWe, Biomass Power/ Co-generation 19. 5 GWe and Waste to Energy 1. 7 GWe etc. 2. Capacity factor of 0. 33 has been assumed for potential calculations.

Where Can I Find Sources for My Research Paper or 7 Search Engines Used for Scientific Purposes

Where Can I Find Sources for My Research Paper or 7 Search Engines Used for Scientific Purposes Where Can I Find Sources for My Research Paper or 7 Search Engines Used for Scientific Purposes When it is time for writing research papers, students often do not know what to begin with. The first step is to find some sources for your paper, but these sources must be accurate and reliable. Here are seven search engines that will help you find credible information for your research paper. 1. Google Scholar The main benefit of Google Scholar is that it is extremely easy to use, since it functions just like the standard Google search engine. The key difference is the quality and credibility of the sources Google Scholar provides. The specialized search engine filters out the most reliable scholarly results, so it includes many journal articles and other resources written by academics. If you want a quick, easy, and reliable search engine, try using Google Scholar next time you have to write a research paper. 2. Intute This UK-based search engine employs specialists that evaluate thousands of resources to help determine which are safe and credible for students to use. In addition to filtering out unreliable and unnecessary sites, Intute offers 60 free tutorials from experts like librarians and college professors on how to develop your online research skills. This can be an excellent resource for freshmen in particular, who may have little or no experience with high-level researches. 3. RefSeek Like other scholarly search engines, RefSeek filters out the thrum that crowds the Internet and brings credible sources to the forefront. Designed specifically for students and other researchers, RefSeek allows you to search for only actual documents to help ensure that you have found the most credible information for your research paper. 4. Your School’s Online Library One of the best sources for writing your research paper is the school’s online library. At most colleges and universities, you can visit your school library via your computer or mobile device. Online libraries typically provide students with wonderful resources like credible online databases, eBooks, scholarly journal articles and periodicals. 5. iSeek iSeek is a simple search engine that functions similarly to Google. You type a question into the search engine or keywords related to your research topic. Resources on the search engine include the information from universities and a variety of other sites. All commercial sites and sources are filtered out, and it shows only the most relevant, credible sources. 6. Internet Public Library This search engine does not provide scholarly articles, but directs you to websites instead. However, it will link you to the most credible sites ending with .gov and .org. The Internet Public Library also allows you to search by subject, and online librarians are available to help you find the most relevant sources for your research paper. If you’re interested in websites more than scholarly articles, the Internet Public Library is a good search engine to direct you to the most reliable ones. 7. Education Resources Information Center (ERIC) ERIC is a database that can be a bit more complex than some of the search engines listed above. However, it includes more specific search settings that can help you narrow your searching to the most useful information for your research paper. With ERIC, you can limit your results to articles written only within a specific time period, and you can select articles that are peer reviews or full texts only. The full text option ensures that you will not find yourself intrigued by a scholarly article, only will receive a notification that you must pay $20 to continue reading. If you do not mind a slightly more complicated search, ERIC can help you find some excellent and relevant resources for your research paper. Check out the seven search engines we have shared with you here, and see which one works best for you. Each option listed here will help you find only the most credible, reliable, and accurate resources for your research paper. If you use these sites, you will never find yourself asking, â€Å"Where can I find sources for my research paper?† again.

Free Essays on Huckleberry Finn Themes

Mark Twain tells us of the adventures young Huckleberry Finn experiences in his book, The Adventures of Huckleberry Finn. Throughout Huck’s adventures, he learns to tell the moral people from the dishonest and finds where he stands on the issues of superstition, religion, slavery, and freedom. Even though several themes are sporadically mentioned, the themes of superstitions and immorality seem to be more frequently apparent in Huck’s life. Superstitions are brought up many times throughout the book, and were never taken lightly. For example, Huck was sleeping one night when he saw a spider crawling and said, â€Å" I didn’t need nobody to tell me that was an awful bad sign and would fetch me some bad luck (Twain 4).† True, spiders are disgusting and terrifying, but since when are they a cause of bad luck? Usually creepy crawly arachnids would fascinate a young boy, but Huck was fearful due to a mere superstition. Also, Huck tells us about Jim’s good-luck charm. He says, â€Å"...a hairball as big as a fist... used to do magic with, and knowed everything (Twain 23).† Sometimes people will look to anything to help them with troubles they may be having, some even resort to an ox’s hairball. This ball of regurgitated hair has some mystical powers and can help the boys when they seek answers, what else could you ask for? Finally, Huck reminds Jim what he had told him. He says,â₠¬  You said it was the worst luck in the world to touch a snake skin with my hand (Twain 68).† Touching a snake skin and getting bad luck seems similar to the spider incident, maybe creepy-crawly creatures are more than just gross. Possibly snakeskin can affect the mind in a horrible manner, or somehow make you ill, only one way to find out. Due to the frequent mention of superstitions, we can conclude they played a rather large role in the life of Huck. Throughout Huck’s life, he is surrounded by role models that often have a negative i... Free Essays on Huckleberry Finn Themes Free Essays on Huckleberry Finn Themes Mark Twain tells us of the adventures young Huckleberry Finn experiences in his book, The Adventures of Huckleberry Finn. Throughout Huck’s adventures, he learns to tell the moral people from the dishonest and finds where he stands on the issues of superstition, religion, slavery, and freedom. Even though several themes are sporadically mentioned, the themes of superstitions and immorality seem to be more frequently apparent in Huck’s life. Superstitions are brought up many times throughout the book, and were never taken lightly. For example, Huck was sleeping one night when he saw a spider crawling and said, â€Å" I didn’t need nobody to tell me that was an awful bad sign and would fetch me some bad luck (Twain 4).† True, spiders are disgusting and terrifying, but since when are they a cause of bad luck? Usually creepy crawly arachnids would fascinate a young boy, but Huck was fearful due to a mere superstition. Also, Huck tells us about Jim’s good-luck charm. He says, â€Å"...a hairball as big as a fist... used to do magic with, and knowed everything (Twain 23).† Sometimes people will look to anything to help them with troubles they may be having, some even resort to an ox’s hairball. This ball of regurgitated hair has some mystical powers and can help the boys when they seek answers, what else could you ask for? Finally, Huck reminds Jim what he had told him. He says,â₠¬  You said it was the worst luck in the world to touch a snake skin with my hand (Twain 68).† Touching a snake skin and getting bad luck seems similar to the spider incident, maybe creepy-crawly creatures are more than just gross. Possibly snakeskin can affect the mind in a horrible manner, or somehow make you ill, only one way to find out. Due to the frequent mention of superstitions, we can conclude they played a rather large role in the life of Huck. Throughout Huck’s life, he is surrounded by role models that often have a negative i...

How did the Force Acts attack the Ku Klux Klan Essay

How did the Force Acts attack the Ku Klux Klan - Essay Example The Klan existed in three phases, but all of them focused on the same issues of racism. The success of the group was threatened and wiped by several Acts that were passed to protect the Black and minority in the society. The success of the Klan was due to political support and lack of proper legislation to protect the right of the blacks. With the problem of insecurity, in the slums, it was easier for the group to unleash terror to the Blacks who lived in the slums (Brands, Breen and Williams 390). Additionally, the three generations of the Klan were focused on making the lives of the immigrants worse through abuse and violence with the most affected being the black population. Most of the Klan based their argument on descent by claiming they were from the original British colonial revolutionaries. The Klan was politically linked to the Democratic Party with main support coming from the desire to restore white supremacy (Brands, Breen and Williams 392). The group with the support of political leader killed thousands of Negros. The covering of the face ensured that they evade prosecution, but fear of the southern democrat created a change in the political support. The group was eliminated by the passage of the force bills. These bills offered protection for the Black community and ensured the influence of the Klan was reduced. The force Acts are a series of four Acts passed by the US congress, to protect the rights of the Blacks. They are the 14th and 15th amendments of the American constitution. The act gave power to the federal authorities to penalize any interference in services offered to the African American. The violations produced over 5,000 indictments with the Supreme Court later ruling that some parts of the Acts were unconstitutional. The Acts offered protection to the black through enforcing support and legal redress in case of violations (Brands, Breen and Williams 400). The Act of April 20 1871

Research and grow Aquilegia flabellata from a plug Paper

And grow Aquilegia flabellata from a plug - Research Paper Example Proceeding further, Aquilegia flabellata is a perennial flowering plant of the family Ranunculaceae. Other varieties of the plant include A. flabellata var. pumila and A. flabellata var. alba (Armitage 111). The species is a native of Japan; in the alpine regions of Northern and Central Japan (Harper and McGourty 53). With regard to its cultivation, it should be planted in a pot size of minimum 7 cm. Its full grown height is 15-20cm. The plant has divided leaves and slightly glaucous. Aquilegia flabellata produces violet-blue, pale blue, or lavender flowers that are about 3cm in width. The floral structures are housed in creamy-white petals. Its fan-shaped foliage is thicker and wider in comparison to other columbines. The blooming time is early spring or late summer. As cited by Seedaholic, the plant’s flowers are produced above attractive fan-shaped foliage. When planted outdoors, the plant’s spacing is 30 cm. The seeds are sown in late summer and covered by 3 to 5 cm of soil. The plant can thrive in moist soil, neutral, alkaline or acidic soil conditions, and also in normal, sandy or clay soil. When planted indoors, the seed composts in the pot. The soil temperature is kept at 15OC to 20OC. The seedlings can be transplanted into 7cm wide pots. Feeding is necessary both organicall and inorganically. Even in winter, their rounded foliage is still attractive. However, they appear more attractive if given a late-autumn hair cut. After the flowers have been produced, the stalks can be cut off, leaving the leaves to do their work. Aquilegia flabellata tends to cross-pollinate and hybridize, thus creating new strains as well as colors. The plant grows best in morning sun and afternoon shade. In relation to its longevity, this Aquilegia flabellata has a tendency to loose vitality after four or five years. Considering that Aquilega flabellata grows up to 20 cm long, the companion