Solutions to the Foreclosure Crisis in Cleveland Essay -- Economics

Cleveland, Ohio faces an empty property emergency. Consistent relinquishment of empty properties, both private and business, has lessened soundness, property estimations, and open wellbeing in the city of Cleveland and its neighboring rural areas. This multi-faceted issue of home loan advance wrongdoing and bank walk-aways in Cleveland has produced a broad lawful conversation concerning squeezing open approach matters. The dispossession emergency in Cleveland has forced huge monetary weights upon citizens and territory occupants who have been compelled to bear loads that are legitimately the duty of borrowers, contract loan specialists and others that are immediate gatherings to the home loan exchange. Without a doubt, â€Å"the disappointment of borrowers and loan specialists to pay the full social expenses of nonprime loaning additionally prompts unreasonable market impacts, as not exactly trustworthy loaning associations overextend credit to profoundly dispossession inclined borrowers.† Financial conditions and ruthless loaning in Cleveland have obstructed the city from having the option to viably react to the emergency. Be that as it may, Cleveland has been effective in its property obtaining apparatuses for rejuvenation, specifically its city land bank. The utilization of the city land bank has been a key component in the fruitful endeavors of network improvement partnerships (CDCs), however as financial conditions and difficulties have tormented the Cleveland lodging market, this instrument is not, at this point as compelling in producing an adequate pipeline of properties for redevelopment. Perceiving that revitalizing the city’s land bank was a key measure to seek after considering monetary changes, the Cleveland Housing Renewal Project (CHRP), a non-benefit association auxiliary of Neighborhood Progress Incorporated (NPI), documented an air conditioner... ..., and if and when abandonment happens, the banks, not the districts, ought to be considered responsible for property-code infringement on those homes. To elevate monetary turn of events and to help low-salary networks amidst this lodging emergency, laws must be reinforced to make it harder for banks to flip homes to out-of-state LLCs like Interstate Investment. As far as suit, lodging courts ought to consider the request by Judge Pianka when concluding who should bear the weight of paying dispossessed and troubled private properties. Cleveland is where land advancement is expected to defeat the emergency of dispossession. The cures won't be snappy, yet considering banks responsible for their properties and creating enactment to demoralize movements to outside LLCs are some significant approaches to transform relinquishment into circumstance.

Life Science Essay Topics - Things You Need to Know

Life Science Essay Topics - Things You Need to KnowWhat do life science essay topics have to do with home improvement? Perhaps you will be surprised when you start this job search, but it is true. You need to write an essay on life science if you want to do well in this field and become a Ph.D.There are two basic things you need to know in this kind of job search. One is that no one likes to read essays. The other thing is that you need to create a good first impression. And because you do not like to read essays, you might want to think about the theme of your topic, which is much simpler to handle.Now for the most important question: What kind of subjects can you write about? Well, you can write about any kind of subjects. You can write about biology, chemistry, physics, etc. And I bet you already know that these subjects do not matter to some of the people who hire Ph.D.s. But they will definitely find out in the end, and who knows, they might not hire you at all.The main point is that you should not focus on only one topic. If you focus on just one, then you might not achieve the goal of having a very impressive topic. That is why you need to be very flexible in this job search.Also, you need to know that a science topic needs to be simple and understandable to the people. It has to be precise enough so that you can get the most out of the topics. Of course, this does not mean that you have to become a rocket scientist, but you have to write concise and easy to understand things.So, here is my recommendation: Go for science topics that are easy to explain. Thereare topics like astronomy, biochemistry, physiology, and the list goes on. If you just stick to topics that require simple explanation, then you will not be worrying about getting hired.The next thing you need to know is that you should never ignore the topic of your paper. You need to include it in the middle of your essay. This way, it will be easier for the readers to understand and remember.For e xample, if you are writing an essay on anatomy, then you should use it as a contrast with another, different topic. That way, your reader will get a better understanding of the topic, which will lead them to read on.

Comparison Essay Samples

Comparison Essay SamplesYou can ask for samples of your work from top-notch colleges and universities. You can also ask for sample essays from schools that have online programs.Your choice in school will depend on the resources you have at your disposal. Although it's not mandatory to have an essay sample, it will help you understand what the schools expect. It will also give you some guidance on how to go about writing your own essay.If you are just beginning your college career and don't have much experience in writing essays, you should consider getting a few essay samples. This will help you improve your skills, and you can save them for later use. It is important that you find a high-quality resource. A great example is from The New York Times.Some non-traditional schools and institutions also offer college students for their help in writing essays. There are students at these institutions who want to help the students prepare for essay competitions or work samples. In addition, the students are given the opportunity to earn recognition as well.To get comparison essay samples, search the Internet. However, the Internet may be the wrong avenue to take if you want your essay samples fast. You will be more likely to get hold of good essay samples from traditional schools that don't require them. Of course, if you choose an online school, you'll get a lot of use out of it.You will also want to ensure that you check out sites where you can purchase essay samples. A lot of the time, there are free samples available online but you will be stuck with whatever you purchase. You might even get an unfair advantage over the other students in your school.Another avenue to obtain essay samples is by visiting the libraries. Many college libraries will give you high-quality essays. There are usually topics on hand as well, and you can pick and choose a topic. These topics are usually written by professors of different academic disciplines and you can also view the samples of essays they have written before you purchase one.If you do not want to spend the money on essay samples, then you can browse through the library. It is definitely cheaper than hiring someone to do the work for you.

The Average Indian in R.K.Narayans Stories - Literature Essay Samples

R.K. Narayan, one of the most famous Indo-Anglican writers, author of Mr. Sampath and The Guide, is famous in the western world more for his novels than for his short stories or for other forms of literature that he has tried. Narayan has written quite a large number of short stories which have been collected and published in six volumes— Dodu and other Stories, Malgudi Days, Cyclone and other Stories, Lawley Road and other Stories, Astrologers Day and other Stories, A Horse and Two Goats. It would appear that the critical accounts of R. K. Narayan, the writer, are made only on the basis of his novels. Such an estimate can at best be one-sided. R. K. Narayan’ s short stories are artistically as eminent as his novels, and in any general estimate of his writings they cannot be ignored. In fact, one might go so far as to say that Narayan is essentially a short story teller and the one element that stands out even in his novels is the story element. These stories belong to the Indian soil and are evocative of its culture. In the main they represent South Indian life and clearly expressing Narayans view of the world and those who live in it. Simple but captivating plot, sparkling characterization, strict economy of narration and graceful simplicity of language are features of these short stories. They serve as a good foreword to the foreigner who wants to know the Indian way of life. Narayan perceives the balance of power in human relations in every aspect of mans life social, political and moral and the perception leads to his own detached observation of the human scene. It is this quality more than any other that distinguishes Narayan from the other writers. Narayans stories deal with themes of common life and simple people. They are not of topical interest and rarely does Narayan deal with the world-shaking events of the 1930s and 1940s or the political and social upheavals in India during and since independence. What he excels in doing is to select incidents and people that reveal the human comedy. Children in his stories are playful, innocent, intelligent, resourceful and mischievous. They are against conventional discipline and hence often ill-treated by superior parental or educational author. In ‘ Dodu’, Narayan mildly satirizes the attitude of the elderly people towards the child. Their pockets jingle with the coins, but they refuse to part with a single coin when Dodu asks for one. His ‘office’ is never approved by his father and he asks him to empty it among the ‘refuse’ from time to time. Articles which are valuable possession to the child are often considered trash to the adult.The treasures collected by Dodu reminds us of Tom Sawyer, and his choicest possessions. In this story, Narayan’s main focus is the innocence of childhood. Margaret Parton in her review of ‘Grateful to Life and Death’ says, No better way to understand what Mr. Nehru means by the tender humanity of India’ than to read one of Mr. Narayans novels.† In Narayan s stories the evidence of Indianness is not as noticeable as in Raja Raos fiction, but it has its own distinctive character. ‘Under the Banyan Tree’ is a portrait of pastoral life. The story takes us into the old pastoral world of peace and tranquility inhabited by noble, sober, compassionate, helpful, naà ¯ve people. The atmosphere of the story is strange and yet beautiful. The charm of the story lies in the isolated nature of the setting. Nothing lasts forever. Thus, Nambis remarkable ability to tell tales deteriorates slowly but steadily. The villagers’ blind faith in Nambi’s storytelling ability as a blessing of the Goddess is similar to the ‘The White Flower’- a mild satire on superstitions and blind belief in ast rology. The same blind faith in religion is also echoed in ‘Nitya’. In Narayans fiction blessings and good wishes may or may not come true but oaths taken by the characters always materialize. Nitya’s parents are adamant on offering Nitya’s hair to God, which they had promised when the boy was two years old. This promise of offering Nitya’s hair to God in exchange for his life is opposed by Nitya’s youthful rebellion. He presents rational arguments on why not to shave his head. The issue of generation gap is also presented in this story, and Narayan skillfully presents numerous conflicts through a single incident. Fiction has always been a powerful means of mans exploration of the human situation. But Narayan also explores the life of animals through his fiction. Narayans sympathy is extended even towards the dumb animals, birds. Stories like ‘A Parrot Story’,’ Chippy’ and’ The Blind Dog’ introduce birds and animals and impress us on account of the most accurate and vivid descriptions of the behavior of these species. Chippy’s struggles for survival in the new locality are no different from that of man’s in his day to day life. This brings to the reader’s mind the question- is Narayan trying to equate the condition of man to that of a beast? Chippy’s rivalry with the Pekingese, or the shorter dog at Swami’s home parallel’s the average middle class man’s struggle at the office, fighting to gain the favours of the boss. In ‘Like the Sun’, the idealist Sekhar would not tell a lie on the day devo ted to the practice of truth, though his vow drives him into a corner. Only if he had chosen to please the headmaster and win his favour, he would have succeeded in placing himself in a better position in his job. Narayan’ s complete dependence on a purely artistic approach to literature sets him apart from other Indian writers in English. For instance, Anand’ s heavy emphasis on the didactic quality of art stands in the way of his attainment as a novelist; for obtrusive propaganda makes his novels suffer from an inability to visualize clearly the objective situations of his characters. Anand, Bhabani Bhattacharya and Ramala Markandaya have dealt quite forcibly with the theme of hunger and the concomitant theme of human degradation in some of their works. Narayan, however, presents social evils without any emotional involvement and with no overt aim to reform or change existing conditions. In ‘The Watchman’, Narayan presents the social issue of how women are encouraged to get married, rather than pursuing higher education. But this issue is simply treated as a backdrop for the practical Watchman to prevent the girl from committing suicide. The girl in ‘The Watc hman’ considered herself to be a burden. She did not want to live on anybodys charity. She had lost hope on getting a scholarship and someone was coming to have a look at her. She felt she had no home and wanted to plunge herself into a watery grave. Narayans purpose does not seem to be moral and didactic like that of Aesops or Tolstoys.Narayans Indian-ness is not self-conscious, since he has a native reading public in view, there is no deliberate pursuit of indigenous elements which he might fuse into his literary style. What he genuinely presents is his own experience in the stories. It originates from an experience he has lived through, honestly faced, and expressed in the language which provided the thought- structure of that experience. Narayan skillfully chooses English words which can aptly describe the Indian situation, which does not make his choice of words forcefully implanted in his work. The situations he portrays are of universal significance. Narayan is not wor king towards projecting a vision of the typical India, but rather with depicting the joys, problems, follies and foibles, the hopes and aspirations, the sorrows and disappointments of the average man anywhere.

Cosmetic Surgery Of Breast Augmentation - 1526 Words

Breast Augmentation Today, more and more women think about cosmetic surgery to make their bodies look perfect. The most popular kind of plastic surgery is breast augmentation. Some women want to enlarge their breasts; the others wish to correct their sagging bust, and they go to a surgeon and ask him or her to change their body. A short-term effect of such operation is full satisfaction with the new appearance and improvement of sexual life. Women often feel excited and think that their life will change for the best. However, such feelings are often temporarily, and they may develop into something worse. Therefore, there is another side of breast augmentation, which is less pleasant than the previous one. Such long-term effects as depression, pain, discomfort, various infections as well as suicide are experienced by many women who underwent a plastic surgery. Consequently, the theme of breast augmentation is important since it relates to thousands of women who hesitate whether to change their breasts or not, especially those women who have already made an operation. Although breast augmentation helps women become more self-confident in their beauty, this type of cosmetic surgery has also many negative effects such as unwillingness to breastfeed, different health problems, and even suicide. The first attempts of breast augmentation appeared in 1895 when a lipoma was transferred to the breast (Ramachandran). After that, some injections were tried; and only in 1962, the modernShow MoreRelatedTeen Cosmetic Surgery is Ugly1059 Words   |  5 Pagesparents worried fans would want to do the same based purely off of cosmetic reasons. Tisdale had a leading role in a movie where she was popular, had a great singing voice and all the guys seemed to want her. Why would the youth today not want to look like her? All of these reasons are insufficient when it comes to reality. Unlike adults who undergo plastic surgery to turn back the clock, teens sometimes crave plastic surgery to fit in. They may think a new nose will make them popular beyondRead MoreEssay on History of Cosmetic Surgery1655 Words   |  7 PagesHistory of Cosmetic/Plastic Surgery COM150 Plastic surgery is a medical specialty dealing with on the correction or restoring of external damage to the body. The word plastic comes from the Greek plastikos meaning to mold or to shape (Answers, 2010). Cosmetic surgery involves techniques to enhance the appearance through surgical and medical techniques. I will also investigate the most popular surgery procedures of the last couple years. Do you wonder how this type of surgery went fromRead More The Truth about Cosmetic Surgery Essay1150 Words   |  5 PagesThe Truth about Cosmetic Surgery Cosmetic surgery has become one of the most popular trends in America today. Whether you are reading a magazine, watching the news, or a television program, you are likely to see something about cosmetic surgery. Within the past year, there have been several television programs dedicated to people â€Å"bettering† themselves through body augmenting surgeries. Millions of people undergo risky surgery every year simply to improve or enhance a feature or body part.Read MoreCosmetic Surgery for Teens857 Words   |  4 PagesReview of the Literature Of the 223,000 cosmetic surgeries in 2003 on patients who were 18 years old or younger, 39,000 of them were breast augmentation, nose reshaping, and liposuction. Many parents are giving their teenage daughters breast implants for gifts. However, parents and teens do not take into consideration that teens bodies are still developing (Zuckerman, 2005). As the adolescents body grows, body parts that seem to large or too small can become proportionate (Izenberg, 2004).Read MoreOutside Beauty And Staying Forever Young1238 Words   |  5 Pagesthe highest percentage of this trend because women have been conditioned at young age to believe outer beauty is unsurpassed. Plastic or cosmetic surgery in the past has been kept hushed, never knowing did she have her nose worked on? Today plastic surgery is being embraced by the millions and highly looked upon. Recently a friend of mine had a breast augmentation. Her argument was the need to feel more confident in her own body. She felt out of proportion to the rest of her body. Young and old womenRead MoreCosmetic Surgery : Too Far, Caused Her Death1408 Words   |  6 Pagesis too far when it comes to cosmetic surgery? In Joan Rivers case her â€Å"too far† caused her death. Joan Rivers was known in the fashion world for her blunt looks, but to America, Rivers was easily identified because of her cosmetic surgeries. Rivers died on September 4, 2014. She was eighty one years old. She had cardiac and respiratory arrest on the operating table while undergoing a neck lift cosmetic surgery (Nathan). Rivers once said â€Å"I’ve had so much plastic surgery, when I die they will donateRead MoreCosmetic Surgery : Too Far, Caused Her Death1408 Words   |  6 Pagesis too far when it comes to cosmetic surgery? In Joan Rivers case her â€Å"too far† caused her death. Joan Rivers was known in the fashion world for her blunt looks, but to America, Rivers was easily identified because of her cosmetic surgeries. Rivers died on September 4, 2014. She was eighty one years old. She had cardiac and respiratory arrest on the operating table while undergoing a neck lift cosmetic surgery (Nathan). Rivers once said â€Å"I’ve had so much plastic surgery, when I die they will donateRead MoreCosmetic Surgery : A Woman s Beauty Through Surgical Procedure1455 Words   |  6 Pagesbeautiful.†Cosmetic surgery is enhancing, not improving the function, a person’s natural beauty through surgical procedure. Cosmetic surgery used to be for mostly the rich and famous because of its cost. Although, it is still not covered by health insurance, it has become affordable, making an option for almost anyone who which to alter their appearance. Some of the most popular surgeries are facelifts, brow lift, breast augmentation, rhinoplasty(nose), tummy tuck, and liposuction. Although cosmetic is marketedRead MoreAn At Home Recovery Center Before A Breast Implant Surgery With Gummy Bear Implants941 Words   |  4 PagesCreating an At-Home Recovery Center Before a Breast Implant Surgery with Gummy Bear Implants Following a breast augmentation at Dr. G Cosmetic Surgery Center in Miami, patients need to remain sitting upright for a few days. Therefore, patients should consider creating their recovery area in the living room. A recliner makes a great alternative to a bed. If a patient must remain in her bedroom, she needs to place several pillows behind her back. Patients should not bend, which is why everythingRead MoreWhy Cosmetic Surgery Improves Mental Health1689 Words   |  7 PagesColvin A main motivator for getting cosmetic surgery is the desire of being more satisfied with one’s own appearance and improving self-esteem. However, research has shown that this is not always the case. There have been variable results showing whether cosmetic surgery will improve psychological variables such as body image, self-esteem, and mental health. Body image specifically has been suggested to be a crucial factor in the desire to undergo cosmetic surgery. This is based off two important

Essay about The Symbol Of Blood In Macbeth - 1109 Words

The Symbol Of Blood In Macbeth Blood is something that we need to live. So it is clearly understood when Shakespeare uses the symbol of blood to represent murder, betrayal, and death, to show all of the evil that was going on. It is a symbol that was used the most in the play Macbeth, and had different meanings. One of the first references to blood represents a feeling of honour, and bravery. It is in Act I scene 2 line 1. Duncan says, â€Å"What bloody man is that?† when he sees the injured sergeant. Then, from lines 9-33 (The Merciless Macdonwald, etc†¦) the sergeant tells the story of Macbeth’s heroic victories over Macdonwald and the King of Norway. The telling of this story is, in itself, heroic. It is symbolic of the brave fighter who†¦show more content†¦Pontius Pilate said that he was freed of his blood and washed his hands. Before Duncan’s murder, Macbeth imagines that he sees a dagger floating in the air in front of him. (â€Å"And on thy blade and dungeon, gouts of blood, which was not so before. There’s no such thing: it is the bloody business which informs thus to mine eyes.† (Act 2 scene 1 lines 46-49). The blood imagery here refers to murder, ambition, and betrayal. This is a totally different meaning than earlier in the play. Before, blood was seen as a positive thing. Now, it is associated with evil. It also shows Macbeth’s transformation from a person of honesty, nobility, and bravery to an evil, deceitful person. After Macbeth murders Duncan, he starts to see how severe his crime was and tries to wash Duncan’s blood off his hands. (â€Å"Will all great Neptune’s ocean wash this blood clean from my hand? No; this my hand will rather the multitudinous seas incarnadine, making the green one red.†) Act 2 scene 2 lines 60-63. This shows that Macbethà ¢â‚¬â„¢s character is starting to get weaker because of his crime. The blood does not represent a feeling of ambition; it now represents remorse, and guilt. Macbeth is so upset and says that not even all the water in the ocean will wash the blood off his hands. Duncan was a kind generous man and he had noShow MoreRelatedSymbol of Blood in Macbeth828 Words   |  4 Pages† (I ii 7-10). When Macbeth says these words, it is when we begin to get the full picture of the play and how powerful the image of blood really is. Throughout the play the symbol of blood changes meaning. It starts with blood representing honour and pride for your country and develops into treason and treachery. At the end of the play we see it had blossomed into guilt. Blood is an essential part of life and the same is true in Macbeth. At the beginning of the play Macbeth by Shakespeare, thereRead MoreEssay on The Symbol of Blood in William Shakespeares Macbeth737 Words   |  3 PagesThe Symbol of Blood in William Shakespeares Macbeth Macbeth had many symbols, which were linked to the themes in the play. One of the symbols would be blood, and the theme to follow through with it is murder, and the dread associated with murder. A lot of the scenes in the play, involving killing, have blood stated. Blood is a significant symbol, when connected to the theme of killing, and is used as a foreshadowing device as well. The first reference of blood is oneRead More The Symbol of Blood in William Shakespeares Macbeth Essay examples692 Words   |  3 PagesThe Symbol of Blood in William Shakespeares Macbeth Blood represents life, death and often injury. It is an essential part of life, and without blood, we could not live. In Macbeth, Shakespeare uses the symbol of blood to represent treachery, murder and death. The word blood, or different forms of it, appear numerous times throughout the play. Interestingly, the symbol of blood changes throughout the play, corresponding to the atmosphere and mood changes in the characters and the playRead MoreEssay about Macbeth Blood1177 Words   |  5 PagesMacbeth Blood Blood is essential to every human beings survival. It is a fluid circulating throughout the body that carries nutrients and oxygen to the tissues in exchange for life and if this was somehow lost then the life would also be lost. It represents life, death, and injury. It is an essential part of life. Without it, we would not live. As a symbol and major theme in Macbeth, Blood is used most often to represent injury and death, but also life. In Macbeth, he uses blood to representsRead MoreWilliam Shakespeare s Macbeth 1289 Words   |  6 Pages16, 2015 Macbeth Literary Essay In this 16th century, classic play about a man hungry for power by William Shakespeare there are many intense instances of symbolism used to demonstrate and prove Macbeth’s feelings and behaviour throughout the book. Good symbolism makes you feel what the character feels when reading a story. In the story, â€Å"Macbeth†, Macbeth is shown to be a sly and deceiving person who betrayed his kingdom for his own gain. Three important symbols used to show Macbeth s greedRead More Image of Blood in Macbeth Essay710 Words   |  3 PagesMacbeth was one of Shakespeares most popular tragedies, but was also considered to be the most violent of them all. There were over 100 instances during which blood was spilled, spoken of, or implied throughout the play. Many people wonder why there was so much bloodshed in Macbeth. Was there truly a purpose, or did the writer just want to use bloody images to invoke fear and suspense? Blood did in fact invoke fear and suspense but it also meant much more than that. The symbol of blood is significantRead MoreEssay on The Motifs of Blood and Water in in Shakespeares Macbeth1455 Words   |  6 PagesMotifs of Blood and Water in Macbeth      Ã‚  Ã‚     In his masterpiece Macbeth, William Shakespeare employs many motifs, but none more often than blood and water. The play includes many images of blood and water to show the characters attitudes toward their own development of guilt. Both motifs mature and change in their meaning along with the setting and mood of the play. â€Å"Without an understanding of the blood and water symbolism, the play cannot be completely understood†(Scott 14). Blood symbolizesRead MoreImagery in Macbeth by William Shakespeare702 Words   |  3 PagesImagery in Macbeth The tragedy of Macbeth is a compelling story by William Shakespeare about the fall of a once noble man who becomes a tragic hero. The story of Macbeth is about a man who let his desires result in him becoming an evil man. Shakespeare uses many forms of writing to portray his story; one main technique used is imagery. Imagery is used consistently throughout Macbeth to help the reader thoroughly understand the theme of the play. Many forms of imagery are used, however, theRead MoreSymbolism that Represents the Theme of Corruption in Shakespeares MacBeth1043 Words   |  5 PagesSymbolism in MacBeth Symbolism plays an important role to emphasize the theme of corruption of power in William Shakespeares Macbeth. Throughout the play there are several main symbols repeatedly used to emphasize this theme. The contrast of light and dark representing good and evil, blood representing guilt, murder, and pain, and the archetypal pattern of purification by using water represents removal of guilt, cleansing and peace. Symbolism is used repeatedly to emphasize the theme of corruptionRead More Symbolism In Macbeth1097 Words   |  5 PagesShakespeares Macbeth, symbolism plays a prominent role to emphasize the theme of corruption of power. Throughout the play there are several main symbols repeatedly used to emphasize this theme. The contrast of light and dark representing good and evil, blood representing guilt, murder, and pain, and the archetypal pattern of purification by using water represents removal of guilt, cleansing and peace. Symbolism is used repeatedly to emphasize the theme of corruption of power. The image of blood plays

Fundamentals of International Financial - MyAssignmenthelp.com

Question: Discuss about the Fundamentals of International Financial. Answer: Introduction This report is undertaken for providing an understanding of the concepts of international financial management. In this context, the report discusses the role of international financial markets and currency derivatives in the management of the finances of a selected international firm. The international firm selected for the purpose is Samsung Group, a multinational company headquartered in South Korea. The report has presented background information of the company discussing its major business activities. The exposure of the company to the foreign exchange risks is discussed in the report along with the strategies that can be used for managing the risks identified. Background of Company Rationale for the Selection The Samsung Group is a multinational electronic company that provides its electronic product and services across the world. The company is selected as it operates on a global platform and therefore there is huge impact of international financial markets on its operational activities. The company operating internationally is highly exposed to the risk of foreign exchange and therefore selected for analysis purpose (Lee, 2006). Brief History on its Emergence as Global Firm The company was established in the year 1983 initially as a trading company and diversified its operational functions into food processing, insurance, securities and retail. However, it entered into the electronics industry in 1960s and initially carried out its business operations in South Korea. However, after achieving success in the electronics market it globalised its activities in this market and is presently recognized as a leader in developing mobile phones and semiconductors (Michell, 2011). Key business activities and the Countries in which it carries out Its International Activities The company is actively involved in manufacturing of electronic components, medical equipment, semi-conductors, and solid state drivers, telecommunications equipment and home appliances. Besides this, it also provides services such as advertising, construction, entertainment, financial and health care services. The company provides its products and services across the world (Lee, 2006). Company Exposure to Foreign Exchange Risk The company serves to all parts of the world and therefore has to incur gains and losses in currency due to foreign exchange risk. The company has to face foreign currency risk due to various functional currencies of different countries in which it operates. The foreign currency risk occurs due to currency volatility due to exchange positions of currencies such as US Dollar, Euro, Japanese and Yen. The current foreign currency exposure of the company for USD, Euro and Yen on the basis of a hypothetical 5% currency rate change against Korean won (KRW) at the end of the financial year 2016 can be depicted as follows. (Samsung electronics co., ltd, 2016): (Source: https://images.samsung.com/is/content/samsung/p5/sg/ir/docs/170331_2016_Business_Report_vF.pdf) The Role of International Financial Markets and Currency Derivatives in Managing the Companys Finances The company conducting its operations in foreign markets and involved in international trade activities is on the risk of global currency fluctuations. This is because the rapid change in the currency conversion rates can negatively impact the performance of its business units in different countries. As such, it is essential for the company to analyze the risks associated with carrying out its business on international level for developing effective strategies for its reduction. The use of financial derivatives such as futures, swaps and options offer new ways for managing the finances (Kevin, 2009). Derivatives are means to hedge the financial risks that can arise in future due to the present actions of the company. Transactions that are influenced due to international changes in currency rates, interest rates can be easily be managed by the use of derivatives. The most common use of derivatives in managing the company finances is hedging the foreign currency risks. Foreign currency risk arises due to change in exchange rate of currency in the international market. This type of risk is very critical and requires great attention of the multinational companies. Through use of derivatives (Futures and Options), company can hedge the future international payments or receipts so that net fluctuations in the net payment and net receipt at exercise date is minimum (Levi, 2007). Derivatives are also used to hedge the interest rate risk. Interest rate risk arises due to changes in interest rate in home country and also in international country. So derivatives play an important role in ma naging such risk. Samsung actively uses derivative to hedge both the currency risk and interest rate risk as there are huge number of transactions that are made internationally by the Microsoft and they need to hedge using the derivatives (Swensen, 2009). Methods/strategies of managing risk used by the company The company for reducing the foreign exchange risk has developed and implemented a foreign exchange management policy. The foreign exchange management policy of the company has directed the business transactions such as imports and exports to be carried out in the domestic currency or matching the cash-in currency with cash-out currency. The policy also provides a definition of the foreign exchange risk, measuring period, responsibilities of the owner, management policies, hedging period and ratio. This policy of the company has also restricted the carrying out of all the speculative foreign exchange transactions. In addition to this, the company has also introduced a global foreign exchange system for managing the exposures associated with the use of receivables and payables that are denominated in the foreign currencies. The subsidiaries of the company also incorporates the use of hedging for offsetting the risk associated with the use of foreign currency through trading currency f orward contracts. The overseas business unit of the company buy or sell its currency forwards having maturity of less than a year through the use of banking institutions for minimizing the exchange risks (Jones, 2009). Conclusion Thus, it can be stated from the overall discussion held in the report that business organizations operating on a global level should identify the risk of foreign currency exchange. The identification of these types of risks is essential for developing effective strategies to minimize such risk. The reduction in the foreign currency risk is essential for multinational companies to achieve success in different parts of the world. References Jones, C. 2009. Investments: Analysis and Management. John Wiley Sons. Kevin, S. 2009. Fundamentals of International Financial Management. PHI Learning Pvt. Ltd. Lee, D. 2006. Samsung Electronics: The Global Inc. LEE Dongyoup. Levi, M. 2007. International Finance: Contemporary Issues. Routledge. Michell, A. 2011. Samsung Electronics and the Struggle for Leadership of the Electronics Industry. John Wiley Sons. Samsung electronics co., ltd. 2016. Business Report. Retrieved 5 December, 2017, from https://images.samsung.com/is/content/samsung/p5/sg/ir/docs/170331_2016_Business_Report_vF.pdf Swensen, D. 2009. Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment, Fully Revised and Updated. Simon and Schuster.