Essay --

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Regional Connectivity

Though this reticular Issue has somehow reduced the limelight of proposed â€Å"Aslant Highway; but It Is something that represents even bigger prospect for Bangladesh as the road connecting 23 countries through proposed Asian Highway network. The proposed deep sea port is also opening up the prospect of connectivity as it might be accessible for whole region. Neighboring countries like Sardinia has created a deep sea port in recent times and so far it has been a success story. That might prompt Bangladesh to push this plan forward. By utilizing these opportunity eloquently Bangladesh might turn Into a hub of connectivity.But It's a country that Is suffering to construct necessary infrastructure for the internal demand. In this situation if given access of connectivity then it will be worse and might cause a negative impact. So, the necessary infrastructure should be build before giving any such access. What is the ultimate benefit of connectivity? How one can resolve the issue of S overeignty vs. Connectivity? Will the extended connectivity result In an expansion of drug trafficking and Illegal trade? These are some questions which ultimately come Into play. Many uses this Issues as an argument against connectivity.It is unlikely to enjoy benefit only through a policy. Especially when it comes about the question of issues like this one got to take all the aspects into consideration. Connectivity and development In this era of globalization the world is more connected then before. Day by day this connectivity is increasing more and more. Now a day it's quite impossible for the states to take alienated policy. Today we see ideology is playing trivial role then It played before. Today International system Is moving on the three fast highways of globalization, liberalizing and vaporization In a unpopular world.Economic development seems to be the common goal of every nation. This commonality has made it possible for the states to become physically connected throug h the flow of – people and trade. That's why the idea of â€Å"interconnected world† is getting more and more voice. Even States that have traditionally been sovereignty sensitive, at least in terms of Integrating themselves through roads, today, are trying to negotiate multilateral economic arrangements that Include transit and transportation across their national boundaries But this interconnectivity is not purely interconnected.As it's the connectivity driven by interest so countries that have common interests or the egging which represents more opportunity are the one to be connected or willing to establish connectivity. As a result regional connectivity is becoming more fashionable. E is a perfect example. Following the success of E regional organizations and regional connectivity Is getting stronger. Also countries are more higher investment in public infrastructure brings invariably in its wake economic prosperity and improved quality of life.It's also used as a remedy of eradicating inequality which has emerged as a threat of the present time. The improved transport facilities impact through faster mobility of labor, materials, and gods, in hat way reducing transport costs as well as saving time for further engagements. Transport cost is an important determinant of competitiveness, making an integrated and capable transport networks an essential element of the enabling environment for economic integration at any level.The provision of physical infrastructure in the form of an integrated transport network is essential, but not a major condition in itself for efficient and effective international movement. It is necessary to have adequate facilitation measures to address all the non-physical barriers so that goods, icicles and people can move freely across international borders. Bangladesh prospect as a hub of connectivity: Location and gee-spatial reality: Bangladesh is a country which is virtually â€Å"India locked†. So, the geogr aphical point of view it apparently seems to be a disadvantage for her.But it has many geographical advantages. The access of Bay of Bengal , and through to the wider open seas and to the sea routes towards the strategically important regions such as East and Southeast Asia, on the one hand , and West Asia and the Middle East on the other. This geographical and location can be utilized by Bangladesh for her own benefit. That's the reason why a deep sea port or the modernization of Chitchatting sea port can have a better prospect it can be both economically beneficiary and strategically an important point. Nepal, Bhutan and Afghanistan are landlocked countries in this region.Bangladesh can benefit tremendously through opening up transit and great opportunities for crossing from east to west and giving the land-locked neighbors access to the sea. But it's not given proper attention like the issue related transit. As said earlier Bangladesh is virtually an â€Å"India locked† co untry; so it's almost impossible o improve connectivity excluding India. It has massive territorial depth and the biggest democratic country. India over the years has made massive progress and it's the regional super power. So, when we talk about the country that comes first is India.But India has some vulnerability that can be used in favor of Bangladesh. Bangladesh occupies an important strategic position for India. Slinger Corridor is the only access of the North Eastern state which separates Nepal from Bangladesh only by a few miles. During Indo-China war this situation became more eminent. This vulnerability is still present. Right now, anything produced in that region can't be marketed in the rest of India, due to the distance from port (Kola). From past decade, India is becoming more dependent on foreign and private investments in growth picture.But, no company will want to invest in this remote corner of the Northeast, because of the logistical problems of Sevens Sisters lin king in with the rest of India. So the only real economic future of Northeast lies in reopening its route through Bangladesh to its West and with Manner and South-East Asia to the East. For additional benefit, if they are allowed to use a Bangladesh port, the export oriented business can also come up in this region. The region is rich in energy resources, like natural gas and hydro-electricity.The economic progress in this region recent times has increased greatly and has become a real headache for the Indian government. It's now creating a threat for national integrity. It's obvious that the insurgency is not going to stop until a drastic economic development take place. But Indian government is finding it hard without the access of Bangladesh. Many in India perceived Bangladesh as an â€Å"economic bridge† between Indian's north-eastern states and the rest of the country. For India, it makes extremely good economic sense to be able to use a corridor to its northeastern stat es.It would spare them constructing a long and tortuous road through hostile territory, infested with insurgents of many hues. It had been estimated – in the ‘ass – that construction of new tracks would cost RSI. 2 core per kilometer. It would cost many times more that amount now. For India, access through Bangladesh makes extremely good economic sense to be able to use a corridor to its northeastern states. India has to across Kim to passage its goods & passengers from its mainland to its north-eastern dates, which is expensive & time consuming as well as inefficient in economic sense.If Bangladesh allows transit, India will require to across only km to complete same job. The Chitchatting port can become a modern busy port like Singapore serving the SCARS countries and even China. Huge foreign investment may be attracted to Bangladesh and finally a throbbing service sector like banks, insurance, hotels, rest houses, petrol pumps etc. May develop around the Tarn' s continental roads and railways. There is an estimate of direct economic gain from transit fees. It ranges from 500 core take to 4,666 core take. The last but not the least, is the mutual transit.Bangladesh, in return, will get a much shorter route to China, which already is its second largest trading partner. Unfortunately, most of the trading nowadays takes place through sea-route. The cost of import increases, as well as Bangladesh goods loose competitiveness in Chinese market. If Bangladesh wants to access South Chinese underdeveloped market, they must go through India. This was a point of concern for the Chinese delegates during Gumming initiative in 1999, an initiative to link Chinese province of Yuan with Seven Sisters of India, Manner, Thailand and Bangladesh.Better Co-operations for Connectivity South Asia inherited an integrated transport infrastructure from the British. This was fractured not only by the partition of India but by its political aftermath. The transport ne twork still continue to remain fragmented due to various historical, political and economic reasons which needs to be rebuilt within the context of greater political harmony in South Asia. The transport system of the main land countries of South Asia has developed only in a national context with little consideration given to cross border issues of compatibility, uniformity of standards in infrastructure and equipment design.It is felt that for socio-economic development if South Sais's intra-regional trade is to grow rapidly, among others, this will require integration of the transport infrastructure of the region. This calls for cooperation in the strengthening of transportation, transit and connectivity across the region, including harmonistic of standards and simplification of customs procedures and other similar trade facilitation initiatives to minimize the non-physical trade barriers in support of investment in the transport infrastructure.The decisions of Islamabad SCARS oper ation in a number of areas including strengthening transport, transit and communication links/connectivity across the region. Recognizing the importance of transport integration in South Asia, SCARS initiated the SCARS Regional Multimode Transport Study (SORTS) with the main objective of enhancing multi-modal transport connectivity among SCARS member states, so as to promote intra-regional trade. Since then the issue of connectivity has been the highlighting issue in every SCARS summit.Though the countries of this region have many things in common and there re better prospect of development through the process of connectivity; but it's the most poorly connected part of the world. For example – Bangladesh products constituted only 0. 5 percent (approximately) of total Indian imports. Indian's informal and formal exports to Bangladesh stand at around $5 billion dollars while Bangladesh exports are about $ 358 million during the financial year of 2007-08. This shows the poor con dition of connectivity.Also the imbalanced situation is eminent of trade between the small country (Bangladesh) and big country (India). As aid earlier Bangladesh has a territorial advantage and India is pushing hard for the access of transport from mainland India to North-East India. So, Bangladesh can use this opportunity to gain economical balance and also to resolve her unresolved issues. One of the main obstacles for regional connectivity is the hostile relation between India and Pakistan. This hostility has made the SCARS ineffective. They are the two big powers in this region.Both of them have nuclear weapon and plays important role in the world politics. Especially India is moving fast as a regional power and also as a world power. So no progress can be made without the improvement of these two nations. Though over the years little progress has been made, but we see a kind of rational approaches from both the parties in recent time. For example-After the recent Bomb attack i n Bombay Indian unlike the previous incident did not blame Pakistan took cautious attitude . Pakistan on the other hand immediately after the attack expressed deep sympathy about the incident.Both the parties have expressed hope about continuing the ongoing peace process. This shows that they are serious about the issue and if in the future these co-operative environment progress then surely connectivity will increase in this region. Trading in transport connectivity with neighboring countries could reduce trade deficit. It is crucial to understand clearly that these transport connectivity will have no market elsewhere outside this sub-region and that these opportunities of trading in transport services may not continue long.It is also important for the sub-regional countries to recognize that no country other than Bangladesh can provide these transport connectivity and services. Issues to tackle: Politics of regional connectivity Though it's an issue which is a part of foreign poli cy, closely interlinked with economic policy, but political relation can't be separated from economic and foreign relation. It has been seen that in most case progression has been from close political relations to the deepening of economic relations.Political relationships that are not characterized by mistrust or suspicion allow first steps in economic relationship which would then expand and generate vigorous inter-state economic activities. But unfortunately this has not been the case with us. Our political culture is marked by tit India exploited by both the political parties as a political agenda. We see a lack of proper planning or commitment on the question of connectivity. All the major aspects such as-Asian Highway, Transit with china or even the Deep sea port there is clear distinction among the political parties and also among the people.Security The issue of security is closely linked with the issue of connectivity. The fear that connectivity will increase security threa t is not without basic. The north eastern region of India is a war prone area. Here the most powerful Indian forces are failing to maintain stable situation. The threat of ALFA and Moist insurgency can poise real problem for us. Also in the region of Manner there are rebel forces fighting against the Junta government. Also the religious extremist groups may misuse the connectivity. So, the security threat should be taken into consideration.Lack of infrastructure The road and ports of Bangladesh could get overcrowded, thus resulting in poor efficiency in domestic industries. Keeping in view the benefits, it seems the above mentioned risks are too small, from economic perspective. But, a country is not made up of its economy only; it has its political, ideological and popular faces also. To sum up the whole condition, Bangladesh currently does not allow grater connectivity because of non-economic reasons. Lack of co-operation from Big Brother As we all know India at present stage has huge economic advantage with all the countries of this region.The reason that she is pushing hard for transit is mainly for her own stake. India doesn't want to allow Bangladesh to have land route with Nepal and Bhutan which is purely for trade purpose, India shows the excuse that it goes against its territorial integrity, using the same logic Bangladesh cannot allow transit. The proposed Asian Highway route provides transit rights to India through Bangladesh because both the entry and exit are with India from Bangladesh. Bangladesh government is naturally concerned about it without reciprocal transit rights from India.It seems that this is a misplaced concern in view of the fact that at the Dacha SCARS Summit, Indian's Prime Minister made it clear that India was agreeable to provide transit rights to SCARS countries. But India is not interested to progress over the issue. The Indian proposal is not a transit facility; it is a â€Å"corridor facility† which is internationally discouraged. As said earlier Bangladesh already has huge trade deficit with India. So allowing India the access on bilateral basic has little chance through which we can get benefited.There are many unresolved issues on which India over the years has shown little interest. The worst act was the Freak barrage. Bandstand's trust in India was not honored properly. We are suffering from less supply of Ganges water than committed. BBS are killing Bangladesh without adequate reasons. Maritime boundaries need to be finalized, issues like Tailgate, demarcation of 6. Skims borders, stoppage of push-in, and Bangladesh-Nepal ND Bangladesh-Bhutan corridors can be solved without much difficulty.But in the process of connectivity mutual co-operation and trust is the key and it should be formulated through a win-win situation. Connectivity should be implemented in such a way so that all the parties can get the benefit. Conclusion: â€Å"Connectivity is the key' a popular dialogue of the present time. Day by day world is getting smaller through the advancement of globalization and technological connectivity. Singapore is a perfect example of connectivity and progress. â€Å"Connectivity' has worked as the key for them as key in real sense. The success story of E.IS is the perfect example of regional connectivity. This connectivity has been a trademark for the European countries. South-Asia is one of the poorest regions of the world. Being the part of world's most poorly connected region, one can obviously say that there are prospects for development through connectivity. As Bangladesh has certain benefits and strategically constitutes an important position so the connectivity can provide greater opportunity for us. But creation of a win-win situation is what that can ensure better progress and ensures equal opportunity for all countries.

How Managerial Accounting Can Help Managers

Assignment 2: Creating, Financing, and Marketing a Business Shamika Ward Professor Roderick D. Thomas Introduction to Business December 2, 2012 Identify the pros and cons of the partnership as a form of ownership. Partnership is one of most common forms of business. There are many advantages to business partnership as well as a few disadvantages. One advantage is that a partnership is easy to establish. This can be established through verbal agreement or through a contact. Another advantage is the ability to pool financial resources.The more capital a company has the faster they are able to grow their business. Partnerships lessen the burden on the individual running the business. Since more than one party is in charge responsibilities can be divided amongst each person. By dividing the task they can use their skills to the best advantage. The pass-through tax treatment is one of the most beneficial advantages of forming a partnership. With the pass-through there is no taxation to th e business itself; all income, deductions, and credits, â€Å"pass through† to the individual partners and are reported on their individual tax returns.While the advantages of a partnership seem like the perfect way to start a business there are disadvantages. In a partnership you are not only responsible for the errors and misjudgments that you make but also for your partner’s. Both parties are equally responsible for the debt and obligations of the business. Like any other relationships, partnerships also have disagreements. Disagreements amongst partners can create bad turmoil and prevent the cooperation needed to keep the business focus. Disagreements can also lead to one of the partners wishing to withdraw from the partnership.This can cause insecurity about how long a business will stay operational. Lastly, a partner that extracts from a partnership is still held accountable for any debts or obligations the company had at the time of withdrawal. Discuss funding o ptions for small businesses. The top task for any small business is trying to determine how to successfully fund their business. The most common used source is personal resources. This not only your own money but often is asking friends and family members, and credit cards.When borrowing from friends and family it is important that you disclose that it would be a financial risk they are taking by giving you the money and if your business doesn’t succeed they might not get the money back. While using credit cards might seem like a great option they are also a highly risky financing option. While credit cards provide fast and flexible money they can also cause a huge amount of debt. Interest rates and financing fees can add up fast if the money isn’t paid back quickly to credit card companies.While many people have an assumption that getting a loan from a bank is a fairly easy process they are often discover they were incorrect. Commercial loans are harder to come by due to banks and other lenders being tentative to fund a company that doesn’t have a reputation. Only 20% percent of small business owners launch with commercial loans due to a share of paper work required to fill out the loan and an extensive waiting period. If considering loans, a great source for small business would be the U. S.Small Business Administration also known as SBA. While the SBA doesn’t provide free money to start-up businesses they do somewhat guarantee loans from local commercial lenders. The SBA reduces the risk for the lender or bank, which makes the banks further willing to grant loans to small business owners. Angel investors are another source of funding. Angels are wealthy people that invest in promising start-up companies in order to make money for themselves. Angels are considered one of the oldest capitals for a start-up.Very few companies receive capital from angels but for the right small business the funds from an angel can seal the gap betwee n the money they have gotten from friends and family and the venture capital that a small business is trying to attract. When looking to expand on a larger scale some companies turn to venture capital firms. Venture capital firms fund companies in exchange for of ownership in the company. Only a small fraction of new business receives any venture capital money. Determine and discuss how managerial accounting can help managers with product costing, incremental analysis, and budgeting.

Analysis of Julia Alvarez’s In the Time of the Butterflies

In history, we are given continuous documents that consist of only facts. Facts are pleasant, but facts cover only general Ideas that are given. History texts completely Ignore and are too blind to concluded what Is behind the facts, the emotions of those who have level/experienced those specific events. Not only that, but by only allowing people to understand one side of a story logically or emotionally is bias and creates a single story. Creating a single story would be unbalancing because it allows people to only understand things through one perspective, and the importance of perspective is very vital.By including more than Just the facts [emotions] will allow readers to have a better understanding of the significance of how emotions can impact and change an entire logos based document. Authors have motives to tell stones, and In the process of doing so, being able to do It In a creative way. But, by only including those basic things that they already know [logos] Is uncreative, and this would make them Just Like those who have written historical documents. If these authors Introduce a wider Idea, that would make them creative.One author, Julia Olivarez has achieved in doing so, in her book, â€Å"In the Time f The Butterflies. † Julia Olivarez introduces this idea of how fiction is her way of understanding history when attempting to recreate the story of the Miramar sisters. When Julia Olivarez creates her novel, she says, â€Å"l wanted to immerse my readers in an epoch in the life of the Dominican Republic that I believe can only finally be understood by fiction, only finally be redeemed by the imagination†(IPPP).As Julia Olivarez states this, we can get a visual of her motive as an author, being able to recreate history, but by using her imagination to allow readers to understand beyond the facts that are given. She continues to say how, â€Å"In historical fiction, truth Is often based on emotional validity rather than factual reality. à ¢â‚¬  Julia strives to create her novel with â€Å"truth† that consists of â€Å"emotional validity' rather than keeping her novel â€Å"factual† Like any other historical document. She attempts to expand her novel In ways that not only will be educating, but so that it will be understood with desire from the readers.Being given a book, you don't always think that the book will contain true evidence of the truth of history. But, Julia Olivarez believes that â€Å"a novel is not, after all, a historical comment, but a way to travel through the human heart† (IPPP). When Olivarez says this, she Is trying to allow the reader to understand that through her book, her motive is to be creative but also being able to teach history. Julia believes by including emotions of those who have undergone the true struggle, would be understanding the truth. Which leads to Skirt Jumbo's Idea of â€Å"lived history. Because those are the Olivarez has this idea of how novels are à ¢â‚¬Å"a way to travel through the human heart† (IPPP). Because her main motive of writing her novel is to allow readers to become one' with the characters and reading a novel with emotions is a way to know the character at a much deeper level. She continues by saying, â€Å"Because once I'm in a novel, I'm in character—the truth according to character. † Julia allows the readers to understand the truth according to the characters in her book, â€Å"l [Patria] looked in his face.He was a boy no older than Norm's [her son]. Maybe that's why I cried out, â€Å"Get down, son! Get down! â€Å"(IPPP) When Julia wrote this, she wrote it to allow the reader to be more than Just a spectator, but to understand the feeling that Patria had when he was on her trip to Constants for her spiritual retreat. She connects it to how the real â€Å"truth† can only be found â€Å"according to the character. † The truth which is only found through the perspectives of t he person/people who has experienced the history which the events took place.Although, Vladimir Nabob, who wrote an except from, â€Å"Good readers and Good Writers,† would disagree because he questions how novels are capable of telling historical documents. Because historical documents contain vast amounts of informational texts. He questions, â€Å"Can we expect to glean information about places and times from a novel?. Insisting that novels aren't meant to tell history or can't in general, he continues to explain how novels are truly represented, that although â€Å"great novels are great fairy tales– the greater the novel, the more supreme its fairy tale qualities.These great novels create their own world; they do not tell historical truth. † Many times, people assume that the truth' is found from scientific texts, but what kind of truth are they searching for exactly? A scientific truth that consisted of knowledge which only these ‘educated' Caucasia ns possessed? In the Yellow Rain controversy, there were many times when pathos and logos conflicted. During the potash of Yellow Rain, the Radiology cast admitted that they were in search of the â€Å"truth. They were in search of the truth,' and they based their truth on facts only. Although Robert specifically requested of Eng Yang's experienced knowledge, his perspective of truth was ignored. In the potash, Aka Lila Yang says, â€Å"what we know has been questioned again and again†¦ We have lost too much heart, and too many people in the process. † When Aka Lila says this, she was filled with emotions and because of these emotions, it sparked an interest into the human ear. Emotions tend to interest readers/people more because its indulging.Even though the use of factual evidence is one of the main strategies that people use to tell history, emotions tend to be a better and more engaging way to truly understand history. In many times, people can be taught a certain historical event, but with only facts people usually don't see to care to remember what is taught to them. But when there's more to the facts such as the emotions, people are interested and tend to desire to hear, read, or even seek for more information. Including emotions rather than the facts alone allows readers to have a better understanding document/discussion.

The Hohokam vs. Mesopotamian Culture

Hohokam Culture (Pueblo Grande) Comparative Review (Short Comparative Essay) The Hohokam culture is in many ways similar to that of Ancient Mesopotamian culture. Much like the Pueblo Grande site, people of the Ubaid Period in ancient Mesopotamia built elaborate canal systems, groups of residential houses, and centralized buildings (such as â€Å"great houses† or other public buildings). Besides architecture, cultural practices shared by the two groups can be seen in early burial practices, games and agriculture.The canal system of the Hohokam matches a large portion of the prehistoric canals that predated their arrival. Much like the Hohokam, the ancient Mesopotamians built elaborate canals that were focused for irrigation and central water collection in similar arid desert environments. This supplied infrastructure for the development of the two cultures as a collective for village/city organization. The labor involved with building, operating and maintaining these canals req uired thousands of people.Craft production and agriculture among the Hohokam and Mesopotamian peoples was an important part of economy and trade. Agriculture dominated the growth of both cultures. Canal systems, as mentioned before, were used to irrigate crops enabling the cultures to sustain life in harsh arid environments. Architecture: the Hohokam built caliche adobe houses that surrounded the village centre which might contain a public building or a â€Å"great house† as we see at the Pueblo Grande site.In Mesopotamian sites, great ziggurats and other mudbrick public buildings were the focal point of the city. Residential houses surround these centres, whether occupied by elite members or commoners. Other public buildings or architecture that is similar can be seen in that of areas where games and ceremonies were held. The Hohokam created ball courts that were alternatively used for trading centers. In Mesopotamia, they played majore, which is a game similar to that of Ru gby where masses would gather and watch as a collective.Burial Practices: in both Hohokam and Mesopotamian (city-states such as Surghal and El-Hibba) cultures, cremation was an early burial practice. Though inhumation later replaced this practice, it served as a vital religious act in care of their dead. In summary; I feel that given more time to research both of these cultures, I could find more similarities of the two. Regardless of the time and distance that separate them both, there are striking parallels.

Origins and Transformations of Western Art Essay

Origins and Transformations of Western Art - Essay Example from Egypt and the Victory Stele of Naram-Sin (2254-2218 BC, Akkadian Dynasty). Both images depict a moment in their respective nations history, inscribed in stone to project an image of power and influence of the nations respective leaders and their gods. There is a distinct difference, however, in the way in which the two images are presented, which can be used to identify the cultural and geographical differences that lie between the graphic representations of the two societies. The Palette of Narmer presents a continuous telling of the story of Narmer’s unification of Upper and Lower Egypt. Narmer’s presence, presented in frontality form, overshadows that of those who surround him. The images are portrayed over three sections, upper, middle and lower, each of which presents a different aspect of the story. The symbolic representation of the Narmer, as a conquering bull, is used in concordance with an abstract sense of perspective, in which the figure of Narmer presides over the majority of the front of the palette, causing it to remain the foc al center. The summation of images gives off the impression of chaotic struggle held tightly under the reigns of authority. In contrast, the image of the Victory Stele of Naram-Sin is presented as one singular event in time. Where the Narmer Palette is divided into clear sections that detail different elements of the general story, the stele of Naram-Sin depicts a singular event when the king expanded the boundaries of his dynasty further than they had ever gone before. The image on the stele depicts the king leading his army up the treacherous sides of a mountain slope, trampling the Lullubi enemy beneath their feet as they go or tossing the dead bodies over the cliff edge. There are similarities with the palette of Narmer, though, in the fact that the king remains the largest figure in the image as a means of denoting his importance, and there is a degree of

Obama Assignment Essay Example | Topics and Well Written Essays - 500 words

Obama Assignment - Essay Example e represent opportunities for a truly unprecedented series of changes that could change the way that the world thinks about America, and America about itself. The organisation of the U.S. government system in general, is fundamentally based on promoting American capitalism at its core, and unless a change in this vital paradigm is brought about it is difficult to achieve a shift in public policy. Obama has said that America must be as careful in withdrawing troops as it was careless in going to war – but at the heart of the matter is the bigger question of newly-acquired U.S. oil interests in Iraq, with one of the world’s major untapped resources. It is difficult to envisage the current U.S. administration to admit that there are vested economic interests in the war, and current political structure would certainly discourage the U.S. from making a U-turn. In turn, it is also linked to the energy crisis, as it will take time for America to build its renewable energy rese rves, and thus oil-related geopolitical considerations would continue for a while. The cost of war is another issue : American firms rebuilding Iraq are also part of the complex geopolitical chain of economic considerations. Even Obama’s personal profile and acceptability in the Arab world will hardly make it any easier to address this vital issue. Influencing public policy in this regard is likely to remain a major challenge fir the foreseeable future. Regarding the credit crisis and its effect on the American economy, the challenges are even greater. Obama’s agenda to create more jobs for Americans means that the existing credit-fuelled structure of the American market place has to be changed. Housing is one of the mainstays of American economic activity : to cause a shift to this will be a monumental task, as the housing sector is likely to stay depressed for a longer period of time. Obama will face an uphill task with the Congress to raise minimum wages, amend NAFTA to benefit