Pestel Analysis On Petroleum Industry Economics Essay

Pestel Analysis On Petroleum Industry Economics Essay ABSTRACT: In the history of the mankind, the need of resources was the most important factor for political, technological, economic, social evolutions. In modern times need of energy resources become more significant than other industries who were more important during the past like the production of wood, stone, horse breeding, productions of ships, weapons, constructions of buildings and even gold production. The primary energy source is represented by petroleum, commonly known as oil. Petroleum is most used in transport, energy, petrochemical, agriculture and other industries that need oil products in the production of goods. Example: Metallurgy. In this paper it will be present the need of a macro-environmental analysis at the petroleum industry and the external factors that have a powerful influence on this industry. KEYWORD: environment, factors, oil, resource, PESTEL analysis, influence JEL CLASSIFICATIO: L71, L72, N01, N10, N30 1. INTRODUCTION In pre-industrial revolution time, oil was used for making and maintaining the fire, in the blacksmith, in constructions and in the period of war as a weapon (fire traps, fire projectiles of bows or siege engines and even a component of the substance used for medieval flamethrower named Greek fire, which was used in naval warfare). With the development of electricity and transport, the need for the oil rise very much and surpasses the need for coal or natural gas, which were used for the same purpose. Petroleum (oil) industry represents one of the most important components of the energy industry who is like the circulatory system of the human body to the modern economy. Oil industry is divided in: upstream (exploration, development, extraction of oil and natural gas), downstream (transport by oil tanks or pipelines, refineries, retailers and consumers). PESTEL analysis represents of the most important method used to analysis external environment within an organization or an industry sector (Moldoveanu, 2007). Necessity of using the PESTEL analysis on the petroleum industry is represented by the important role that this industry has on the economic, political and social systems around the world. 2. IMPORTANT In this paper, I want to show the importance of the external factors of macro-environment on petroleum industry and complementary industries. I would use PESTEL analysis because it responds to the questions: Are only political, economic and social factors that influence the petroleum industry? The oil industry by could be influenced by the modification of a factor that has no direct contact with industry? 3. PESTEL Analysis on Petroleum Industry PESTEL analysis is used by organizations for identifying the factors of external environment of the market that could influence the organization and entire industry. PESTEL analysis is formed by six macro-environment group of factors: political factors, economic, social, technological factors, environmental factors and legal factors. Other authors add new group factors, named international (Moldoveanu, 2007), but I dont want to split to add this factors because all PESTEL groups of factors contain both national and international description. Macro-environmental factors are less influenced by companies than micro-environmental factors (customers, employee, suppliers, shareholders, media and competitors), but companies of oil industry can have bigger influence of macro-environment than companies from other industries. This fact is resulted because of the need for energy resources for political, economic, social, technological, environmental and legal activities. 3.1. Political factors Political factors are represented by the influence of a political entity (party, country, organizations or other type of faction) on the national level, regional level or international level. Most of the countries consider that the oil industry (upstream and downstream) is a strategic point in political, economic and social needs of a country, because this industry has a great influence on transport capacity, energy production, industrial production, chemical production, agriculture and social welfare. The energy independence is a priority objective of every country who wants to be free from a political blackmail from other countries or international organization. The most influent organization in oil production is OPEC (Organization of the Petroleum Exporting Countries) who has more than 42, 8% of world oil production, other considerable producers of oil or of another substituent, products are United States of America, Countries of European Union, Russia, China, Canada and Brazil. T he consumers who have a great influence on the oil markets are United States of America, China and western European Union countries. For mutual gain, some countries make trade agreement for exchanging of energy resources for money, technology other resources or even protection. A powerful influence over the production of oil and the price is made by instable situation from the Middle East, where every conflict could disturb oil production and transport, resulting in the rising of oil price. Another region that has a great influence upon the petroleum market is ex-soviet space, where disputes are likely resolved by energetic and political blackmail. The policy of foreign oil independence of the United States diminished energetic resource imports, because of that in Alaska were build new exploitations of oil or natural gas and development of substitutes. The austerity programs of European Union have reduced the need for fuels, because of declining of the economic activities and the so cial welfare. The economic crisis made the need for cheap fuels became a priority for the major players of the global stage. Because of this situation, many territorial disputes reappear between countries for oil and natural-gas reserves like: the Falkland Islands dispute between United Kingdom and Argentina; the Arctic plateau dispute between United States of America, Canada, Iceland, Norway and Russia; the Senkaku islands dispute between China, Taiwan and Japan; the South China Sea dispute between numerous Asian countries. National politic factors are represented by grade of authority of the state, political parties, non-governmental organizations and in some cases different factions (rebels, paramilitary entities). Grade of authority of the state represent the power that have the government upon the society, economy, technology, laws. The authority of the state is higher in authoritarian states like dictatorships, theocracies, non-constitutional monarchies, tribal society and is lower in democratic republics and constitutional monarchies were the political power is given by people of the country to the elected politicians. Political parties influence the petroleum industries by imposing state strategy for electoral or economic gains. The non-governmental organizations influence the oil market by promoting anti-pollution campaigns or liberalization of the fuel market. Paramilitary factions use influence on oil industry for blackmailing or for imposing some fees in territories that are controlled by the m, cutting the transport of oil for political gains. Oil companies can have influence on political factors in regions or countries were oil in primary source of making income and in regions or countries were the energy resource are scarce and attracting additional one is need for good function of economic activities. In modern economic, because of the globalization, the state canà ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒ ¢Ã¢â‚¬Å¾Ã‚ ¢t protect the external market like in mercantile system(Strange S., 1996), resulting that companies can occupy new markets or acquire new resources alone. 3.2. Economic factors Economic factors are represented by the: influences of the supply and demand on the oil price; influences of the supply or demand of the complementary goods; influence of the supply and demand of substitute resources; the USD exchange rate (petrol-dollar policy); the price of the oil barrel on the important stock exchanges; economic situation on regional and global stages; value of the known reserves, interest rate for financing; value of stock market indexes (DOW Jones, StandardPoor). The demand for fuels is influenced by variation of transport activities (road, rail, aviation, naval) that represent almost 60 %(OPEC,2011), petrochemical industry, other industries, agriculture and energy production. Variation of need for road transport activities is influenced by the number of the auto vehicles used by population or organizations; the earns of every car owner, the frequency of using his own car, the customer culture for fuels effect on the environment, the road infrastructure, seasons, touring activities. Rail transport is represented by trains that use fuels for transport; this kind of transport is used in developing countries that have big oil production. Aviation is one of the transport sectors that grown very rapidly, representing 6% of total oil demand (OPEC,2011), two thirds been represented by OECD (Organization For Economic Co-Operation And Development). Oil demand for naval transport is represented in big proportion by cargo ships that transport goods from developing countries (goods and resources producers) to developed countries (services producers). Petrochemical industry represents approximately 10% of total oil demand and the products that are produced by this industry are: plastics, synthetic fibers, synthetic rubber, detergents, paints, adhesives, aerosols, insecticides, pharmaceuticals and others. Others industry sectors which demand oil or complementary products from oil are iron and steel industry, cement industry, auto vehicles industry, naval industry, mining, construction and many others. In agriculture demand for oil and complementary products are for a wide range of activities like farming, pasturing, animal husbandry, fishing, hunting, beekeeping and many others. Table 1. Vehicle and passenger car ownership in 2008 Name Population Millions Auto vehicles Millions Cars Millions Cars per 1000 1 North America 457.7 299.9 265.5 580.1 2 West Europe 542.2 274.2 236.0 435.3 3 Pacific OECD 200.8 111.2 85.9 427.8 OECD 1,200.6 685.3 587.4 489.2 4 Latin America 421.7 76.2 59.7 141.5 5 Middle East and Africa 824.1 35.0 22.4 27.2 6 South Asia 1,595.4 24.9 16.6 10.4 7 South-East Asia 641.5 53.1 33.7 52.5 8 China 1,337.4 49.5 36.0 26.9 9 OPEC 384.8 39.8 28.7 68.5 Developing countries 5,205.0 278.4 197.0 37.9 10 Russia 142.0 34.8 29.5 207.8 11 Other transition economies 198.8 38.2 34.7 174.6 Transition economies 340.7 73.0 64.2 188.4 World 6,746.3 1,036.7 1848.6 125.8 SOURCE: adapted from World Oil Outlook 2011, p. 80 Table 2. Aviation oil demand prediction Name People that travel with planes Millions in 2008 People that will travel with planes Millions 1 North America 1.7 2.0 2 West Europe 1.1 1.3 3 Pacific OECD 0.4 0.6 OECD 3.3 3.8 4 Latin America 0.2 0.3 5 Middle East and Africa 0.2 0.3 6 South Asia 0.1 0.3 7 South-East Asia 0.5 0.8 8 China 0.3 0.7 9 OPEC 0.3 0.4 Developing countries 1.5 2.7 10 Russia 0.3 0.4 11 Other transition economies 0.1 0.1 Transition economies 0.3 0.5 World 5.1 7.0 SOURCE: adapted from World Oil Outlook 2011, p. 95 The financial system has influenced the petroleum industry in 2008 very much, making oil price to drop from history peak price of 141 USD per barrel, in July, to 33 USD per barrel only at the end of the year. This fact is explained by the beginning of financial crisis that influenced negatively the income of the companies and of the population, making the companies and people to cut the cost, or to become insolvent, resulting to diminish of economic activities across the world who make the demand for transport to fall that making the fall of oil price. 3.3. Social factors Social factors are represented by demography, culture, ethnic structure, religion structure, inter-cultural relation, structure of family, ideological view, literacy, urbanization, income distribution, migration, use of communication technology, cultural view to the different products. All around the world, do not exist a culture that is against oil exploitation and for using the oil products, most of the population saw the oil industry like a necessity for development and welfare, but are segments within the population who see the oil industry as an important factor of pollution of the environment. Population which has culture of the protection of the natural environment is located in developed countries, because not need a high rate of developing. In the countries were populations are more friendly with environment; government imposes pollution fees and pollution reduction laws and norms to petroleum industry, and complementary industries. Many companies which make complementary products, like cars, invest in reduction of fuel consumptions or start to produce hybrid products. In the developing countries, populations from see the need for development and growing rate of welfare more important than environment protection; they accept the pollution like a cost for e conomic growth. Table 3. Population level and growth forecast Name Population Millions 2010 2035 1 North America 466 555 2 West Europe 547 576 3 Developed countries of Pacific 201 194 Developed countries 1,215 1,325 4 Latin America 431 516 5 Middle East and Africa 882 1,422 6 South Asia 1,644 2,144 7 South East Asia 657 809 8 China 1,354 1,462 Developing countries 5,372 6,939 9 Russia 141 126 10 Other economy in transition(Eastern Europe and Ex-soviet space) 199 201 Economies in transition 340 327 World 6,927 8,590 Source: adapted from Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat, http://esa.un.org/unpp/ panel_population.htm and World Oil Outlook 2011, p. 38 In table above, Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat forecast that the population of developed countries will have a smaller population growth then the developing countries, which will rise from 5372 millions people to 6939 millions people (higher rise been in south Asia) and countries that are in transition will have a population in decrease, resulting in a growth of the population from 6,927 millions in 2010 to 8,590 in 2035. The populations of developed countries that consume most of the fuels and energy, in these days, are growing slow and are ageing very rapidly, resulting in diminish of the need for oil in future. However, the growth of the population, in developing countries, will impose the rise of the energy resources for growing transport, petrochemical industries and electricity production needs. So de results will be that the need from developing countries for oil will surpass the reducing of need from developed countries, so the demand for oil will grow. Urbanization is another factor that influences the need for energy, because urban population consumes more energy resources for transportation, electric energy or petrochemicals (plastics, fibers) than rural population. Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat forecast that in 2035 the urban population will grow with 50,69% and rural will decrease with 4,17%. In developing countries growing of urban population will be larger than developed countries with almost 1432 millions. Rural population in developed countries will decrease with almost 16 milions and in developing countries will remain almost the same. Table 4. Population forecast by urban/rural classification Name 2010 2035 Millions Millions Urban Rural Urban Rural 1 North America 384 83 488 67 2 West Europe 398 149 461 115 3 Developed countries of Pacific 145 56 154 40 Developed countries 928 287 1102 222 4 Latin America 362 69 462 55 5 Middle East and Africa 353 529 751 671 6 South Asia 500 1,144 944 1,200 7 South East Asia 284 373 455 354 8 China 636 717 949 513 Developing countries 2394 2978 4001 2938 9 Russia 103 38 99 27 10 Other economy in transition(Eastern Europe and Ex-soviet space) 116 83 134 67 Economies in transition 219 121 232 95 World 3541 3385 5336 3244 Source: adapted from Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat, http://esa.un.org/unpp/ panel_population.htm and World Oil Outlook 2011, p. 43 Petroleum industry has a great impact on social welfare, because it fuels the transports and electricity production, activities that have a great impact on human development, production of goods and services and communication. 3.4. Technological factors Technological factors are represented by technologies, techniques and methods that influence the activities within an organization (Palmer A. Hartley B., 2009). The technological factors could influence an organization from inside the industry, by making the need to acquire the last technologies (by buying equipment), techniques and methods (by hiring a trained human resource in new techniques or train the old human resource with the new techniques and methods). Once acquired, these factors will influence the organization from inside. In oil industry, the technologies are used exploration, in exploitation, transport( roads, oil tanks, pipelines), in refineries, in storage, in promoting marketing strategies, in selling; in researching and development of the brand-new products or in upgrading the old ones, in reducing the time of production the losses from the production process. Secondary technologies and techniques could be used in environment protection, workers protection, in impr oving the efficiency of the management by using of new software and hardware, improving the maintaining and repairing activities. All these factors could be used against an oil company, if a rival company owns them like a competitive advantage. Because of that will result in a perpetual race (Nicolescu Verboncu, 2009) for acquiring the news and the most efficient technologies, techniques and methods that will have the results of takings a greater share from downstream market and a greater share from the upstream market, to acquire more oil reserves or to impose the price. Technologies that influence the oil company from outside the oil industry can influence entire oil industry (upstream and downstream). These technologies are represented by the complementary products and substitutable products. The complementary products influence the demand for oil by developing technologies that will reduce the consumption of oil products or replaced them with other a substitutable product. The complementary products are represented by auto vehicles, airplanes, ships, petrochemicals (plastics, synthetic fibers, synthetic rubber, detergents, paints, adhesives, aerosols, insecticides and pharmaceuticals), energy, agricultural product or other industrial products. The substitutable products are represented by-products of the rest of energy industries. These industries are: the coal industry, natural-gas industry (which includes the new shale gas industry), nuclear industry, biomass industry, hydro industry and other renewable-energy industry (solar, wind, geothermal). Like the many coal and gas industries, the oil industry in life phase of maturity, because development of the new technologies became very hard and oil reserves are half depleted. Table 5. Forecast of world supply of primary energy level mboe/d (equivalent of a million barrels per day) Growth % per year Fuel share % 2008 2035 2008à ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬35 2008 2035 Oil 80.6 101 0.8 35.2 28.4 Coal 66.6 101.5 1.6 29.1 28.5 Gas 52 90 2 22.7 25.3 Nuclear 14.3 22.5 1.7 6.2 6.3 Hydro 5.5 10.3 2.3 2.4 2.9 Biomass 8.5 20.3 3.3 3.7 5.7 Other renewables 1.5 10.4 7.5 0.6 2.9 Total 229 355.9 1.6 100 100 Sources: adapted from World Oil Outlook 2011, p. 50 The analysis from table above will result that the need for primary energy will grow from 2008 to 2035 with 51%( from 229 mboe/d to 355,9 mboe/d) The fossil fuels (oil, gas, and coal) will decrease from 87%(199,2 mboe/d) to 82%(292,5 mboe/d) from the total of the energy supplies, but the oil will remain the most-used resource. Nuclear will almost double the production, but more use of atomic energy will be limited because of fear of nuclear disasters like Chernobyl and Fukushima. Biomass will grow with almost 240%, but the principal problem of this resource is that will compete with the need for food production, because plants, which made biomass, are using the same soil that is used in agriculture for cultivating the wheat and corn or pastures of domestic animals. Hydro will almost double in 25 years, but the great difficulty will be to find new efficient places for building hydro centrals, because most of the rivers will also have hydro central. Rest of renewable-energy production will grow will approximately seven times, from 2008 to 2035; the main issues of renewable energy are: investments are high in comparison with fossil fuels, efficiently is lower, in most of the world region renewable energy can be produced only in some seasons, and it has a dependence to weather conditions. 3.5. Environment factors Environment factors are represented by the geographical position, landform, climate, fauna, flora, rock structure and natural resource that are in case of petroleum companies represented by oil reserves. Geographic position influence the activity of oil companies because it defines the distances between exploitation, refiners and consumers (for example, oil from Middle East can be transported half the world, exploitation to refiners), or could influence the demand for oil because of transports, international trade and migration. Landform influences the difficulty of exploitation, transportation to the refiners and consumers; demand is influenced by the consumption of the fuel in heavy terrains. Climate influences the difficulty of oil exploitation in time of the cold season in north climates, or hot seasons of desert climate, demand for oil grown in winter because of low speed traffic or energy consumption. Flora and fauna influence cost oil exploitation because of existing of the oi l reserves in natural parks, or because of existing difficult access area because of vegetation and dangerous animals. Rocks structure made difficulties of exploration and exploitation oil. World oil reserves are estimated to 1481.526 billion barrels according to OPEC Annual Statistic Bulletin 2012. The biggest oil reserves are in Saudi Arabia, Canada, Iran, Kuwait, Arab Emirates, Venezuela Russia, Libya, Nigeria, United States of America, China, Qatar, Mexico, Algeria and India. These countries have own 95% of oil reserves. One specification of the environmental factors is represented by natural disasters: hurricanes, tornados, cyclones, snow storms, sand storms, extreme temperatures, earthquakes, tsunamis, volcanic eruption that could make material loss and casualties, but could disturb economic activities. Economic activities that could be disturbed are road, rail, naval, air traffic, could decline the demand for unnecessary goods and raise the demand for the primary need goods l ike water, food, pharmaceutics, construction materials, fuels, clothes. Petroleum industry influences the natural environment because of pollution and capacity of changing from natural to artificial environment by fueling the developing of modern economy. Pollution is represented by fuel emission from uses of auto vehicles, airplanes, ships and emissions from refineries that produce fuels or other petrochemical products that have a great influence on climate changing. Other pollution events are represented by accidents that can happen in activities of exploration, exploitation, refining and transport, contaminating the water, air and soil with oil, fuels or wastes. 3.6. Legal factors Legal factors are represented by constitutions, laws, norms and regulations of the local authorities, governments, international institutions, international communities (European Union, the North American Free Trade Agreement, the African Union and the Association of South East Asian Nations). This factors influence the modalities of exploration, of exploitation, of the refiner, of transportation and of commercialization of oil and oil products. The legal factors also impose laws and regulations for pollution, social protection, work protection, work regulation, competition regulation, anti-trust regulation, consumer protection, international trade (trade agreements between nations or embargoes to some countries), subsidies, the taxes( like the excise rates for fuels and oil price or taxes and fees over profit to the energy companies). Table 6. Tax rate in comparison with price Country Oil price USD per liter Tax rate Tax United Kingdom 1.76 65.1% 1.15 Germany 1.53 66.3% 1.02 Italy 1.418 66.3% 0.94 France 1.49 63.7% 0.95 Japan 1.14 49.6% 0.57 Canada 0.90 33.3% 0.30 USA 0.75 16.0% 0.12 Source: Who get What from imported oil (2011) http://www.opec.org/opec_web/en/publications/341.htm 4. CONCLUSION In conclusion, the importance of knowing the macro-environment on an industry such as important like petroleum industry is crucial in the modern economy, because these factors represent the opportunities and threats of this economic sector. Many specialists think that the change from fossil fuels to the renewable resources would resolve many of the problems and threats that the oil industry has. So the transition from oil to renewable resources should be faster, omitting many variables upstream and downstream of this industry. If a change of the principal energy resources will be made, it will be required to take caution steps, because this could make a shortage of the energy resources that could destabilize the entire world social-economic-system. For changing main energy resource will be necessary to reconvert many equipments and machinery, training the human resource, make social campaign to encourage the people to use new fuel, invest in new research about efficiency of the new f uel, the environment impact, search for new reserves and make new regulation for the use of this resource.

Business Trip to Ukraine

Welcome everyone to today's presentation on the Ukraine. Now I know some of you have already been there and may feel that this presentation Is a waste of your time but let me assure you that it is always good to refresh the memory. For those of you who have not made the long distance travel to the Ukraine I say get ready to learn and take notes on the most important five minutes of the day. Today you will be briefed on some of the most important areas of your trip such as, what to pack for a successful trip, the Ukrainian family unit and their roles, and of course how to survive ark In a foreign country.Before we begin, allow me to tell you a little bit about the strange place Into which you will be traveling. For those of you who have not looked at a map recently here it is. In the Ukraine Russian was their main language but after WI it was replaced with Ukrainian. In 2010 Youngling-Coleman from Countrywoman. Com stated that there are five languages you should be aware of: â€Å"Uk rainian, Russian, Romania, Polish, and Hungarian†. In the West, Ukrainian Is the everyday language, but In the east Russian Is still spoken.There are three major ethnic groups Ukrainian, Russian, ND Jewish. Obviously there are also different religions, most are Christians but there are a few who are Jewish. Please be respectful of your surroundings. Now we have covered our basics let us talk about what to pack for the trip. As an American you should know that you will most likely be targeted for robbery, but please do not let this discourage you from going to the Ukraine, like in the States not all Ukrainians are thieves. Your money should be In small bills no bigger than ass.You will spend about an average of $200 a week not Including hotel rooms. As an American Ukrainians will expect a lot from you and the way one dresses himself says a lot of the person. While in the hotel room casual clothing is appropriate but if you get invited to go to the town you better dress up, beca use that is what Ukrainians do. Men will be expected to wear ties and women to wear dresses. Depending on how long you are staying pack at least one suit and plenty of blouses or dress shirts for men and something dressier for the evenings.According to Hodges In her 1996 book titled Heliotrope Language and Travel Gulled to Ukraine, she states, â€Å"Plan†¦ To mix and attach. Don't include any article of clothing that can't be worn with at least two other pieces. † (pig 25). This is a great piece of advice when considering what to pack for your trip. Other clothing items you may want to include would be raincoat, umbrella, and shoes you would not mind getting wet. Women consider taking low heels for walking In gravel and for comfort and of course feminine products.Men something else to consider taking would be some knit shirts and casual slacks also for comfort. Take everything you will need because buying small bottles of soap, shampoo, and intentioned may not be as easy as it is in the States. Remember you are being sent to the Ukraine in the fall which is great considering that spring and fall are the most pleasant seasons. Make sure to plan ahead; do not wait till the last minute to pack, pack all the Items you will need and remember to represent the company well.Now let us talk about the Ukrainian family. A Ukrainian family Is a traditional close together on a regular basis Just because they enjoy each other's company. The immediate family usually consists of less than two children but there is not a limit. Ukrainians have a saying about the way that they regard children, â€Å"Seen but not heard†. Unlike American children, Ukrainian children are not spoiled, they are expected to blend or disappear into the background when there is an adult present in order for the adults to socialize.Ukrainian children know at a very young age the meaning of responsibility and they are expected to help out as much as possible. They are taught to share e verything which will eventually be beneficial to the older generations of the child. In their adulthood they may live at home with three or four elder generations; which allows for someone to be at home to watch the kids and grandparents. Men and women may take turns doing the shopping but they too are expected to carry out their role in the family unit.Like most cultures women care for the children, the house, and the cooking while the men do the heavier and maintenance Jobs. However with the younger generation rising and providing for their families the divide between gender roles is somewhat lost. Women are more independent and educated, and they do not see themselves as secondary citizens but rather demand equality. Though it has taken some time to get men to see women s equals, women tend to stay at home and allow the men to do the work but they are more independent now than ever before.Many Ukrainians may Joke about working but keep in mind that they are known for being  "among the most industrious and diligent people of Europe† states Hodges in her 1996 book Hippodrome Language and Travel Guide to Ukraine (pig. 125). Remember that capitalism is new to the people of Ukraine and they are used to their government being at the center of everything. Correspondence states in her 2008 Newsletter The Business Environment in Ukraine: Before and After 2008 that â€Å"In edition to Ukrainian long-standing problems†¦ Many companies faced a fairly unusual problem†¦ Shortage of labor. † Due to this problem companies are being forced to hire people that do not have the education and skills necessary for the Job. Also do not to take the attitude of Ukrainian business men personal. They are fearful that you, as a foreigner, will try to take advantage of their labor and resources. Be mindful of their history and be prepared to risk capital and to have a long-term relationship with the Ukrainians. Be careful who you do business with; don't get involved with political bureaucrats for they Just want part of the profit.Our insiders are familiar with the bureaucracy maze, and they will help you accomplish your goal. Do not underestimate a Ukrainian business man. They can sense an opportunity and are excellent traders. While establishing a business deal with a Ukrainian be prepared to toast a lot to a successful partnership, and as a reminder at this time you should be in your appropriate evening attire. Now that you know what to pack, how the Ukrainian family functions and how to survive work in a faraway land you may travel with piece of mind.

Top Guide of Topics for Agriculture Essay

Top Guide of Topics for Agriculture Essay Agriculture also requires the breeding of animals. It has played a key function in the development of human being civilization. It is known to be one of the most significant economic activities. It is also considered to be a hazardous occupation. Impact of Modern Technology on Agriculture The development in the sphere of science and technology caused using modern techniques in agriculture. In general, the working and the yield are quite contradictory to the notion of sustainable agriculture that is based on the fundamentals of ecology. An exhaustive research is totally essential. The great thing about our service is that you could download Agriculture Research Paper examples free of charge. The Basic Facts of Topics for Agriculture Essay The agriculture government supports financially has a huge effect on the food supply and human well-being. It is also important from the point of view of appraising the standard of a country's development, based on the competence of its farmers. Conclusion With the advancement in technology, it has come a long way. For example, say why it is an important branch of national economy. For example, the agricultural products should be transported from one spot to another and hence it supports the transport sector. The agricultural sector today is extremely related to the invention of new and better products to put in the marketplace so they can continue to keep their competition at bay. Australia reliance on agricultural business is quite significant although it's a developed nation. Agriculture plays an important role in the evolution of the industrial sector by giving the raw material. Nobody doubts that their usage can bring a whole lot of advantages in numerous spheres. Climate change effect all kind of people around the world and but the principal group of people who will be affected the most is the bad population of earth. Climate change effects on the agricultural are usually is dependent upon the geographical component of an area as well as the capacity to adapt to them. Cultural and political outcomes. Another advantage is affordable rates. Moreover, our account is confirmed. Keep in mind, you're out to provide information which is related to people which are very much in need of it. In fact, there's an insanely small number of people who work in agriculture. Issues about the climate change have been happening for quite a while now. Drones can grow to be the best couriers since they don't get in the traffic jams. Whether writing on agriculture-related topics or some other region of study, essay writing was used as a technique of assessment at all educational institutions for a very long moment. Below are a few basic recommendations to lead you in deciding on the great persuasive essay topic for you. When writing the essay, you want to begin with the introduction section. Students have the chance to look at the present issue, and produce a position with supporting arguments. Each idea should be in its paragraph. Preferably, it needs to be something that you're an expert in. Be sure to notify the reader about the approach you're going to be taking, for instance, whether you're likely to write for or against this issue. You're an actual topic enthusiast! Topics for Agriculture Essay: the Ultimate Convenience! These days, the significance of agriculture is in the simple fact that it's practiced both for subsistence in addition to commercial factors! In most of the countries of the world, it still remains the biggest sector responsible for the employing and feeding a large percentage of the population. Whether one is practicing agriculture in a little farm or within a huge farm, agriculture gives you many advantages to the society. Introduction Agriculture basically requires the cultivation of crops and the domestication of animals for the role of generating food and other things essential for the mankind. Now the Government is attempting to educate the farmers. Our agricultural sector is currently stronger than that of many nations. Australia is a huge country and includes various varieties of climate. This type of Agriculture also can help prepare farmers for epidemics like drought and famine, without necessarily incurring enormous losses.

Raising The Minimum Wage Is A Bad Idea - 871 Words

In announcing his wrongheaded proposal to increase the minimum wage to $9 an hour, President Obama spoke in lofty terms: â€Å"In the wealthiest nation on Earth,† he said in his State of the Union address last month, â€Å"no one who works full time should have to live in poverty.† If the debate proceeds as it has – many times – in the past, then most Democrats will embrace the president’s message and back the proposal, while most Republicans will oppose it, on the grounds that higher labor costs will lead to higher unemployment. But we shouldn’t rely on political opinions in this debate. Facts clearly demonstrate that raising the minimum wage is a bad idea. The case against raising the minimum wage is straightforward: A higher wage makes it more expensive for firms to hire workers. How big an effect does this have on the job market? Economists debate this. But no one argues that increasing the minimum wage increases the number of unemployed workers who find jobs. In the end, the trade-off is clear. People who keep their jobs get more money; those who lose their jobs, or fail to get new ones, suffer. In announcing his proposal to increase the minimum wage, the president argued that doing so would alleviate poverty. The president is certainly correct to turn his attention to the poor, many of whom have been suffering for years in a tough economy. And it is clearly desirable for households that engage in full-time work not to live in poverty. But increasing the minimum wage wouldShow MoreRelatedWith There Being So Many Restaurants Open For These Fast1096 Words   |  5 Pagesare paid the minimum to work at these occupations. With the increase in business for fast food restaurants, workers are demanding for higher wages. However, if wages were to increase, something else would have to be compensated for this demand. With the increasing demand and suggestion on increasing the minimum wage, there are many pros and cons that will result from the increase. Andrew M. Cuomo, author of â€Å"Fast-Food Workers Deserve a Raise†, believes raising the minimum wage will not hurtRead MoreRaising Minimum Wage Means Raising American Concern760 Words   |  3 Pagescrazy when they first heard President Obama proposal to raise the minimum wage hourly pay from $7.25 an hour to $10.10 an hour. These people think that they are going to get more money in their pockets with a higher hourly wage. These people are clueless. They do not know the consequences that come with raising the minimum wage. Many people that work a minimum wage paying job are teenagers and young men and women, but higher minimum wages would make it harder for these teenagers to find jobs becauseRead MoreThe Minimum Wage Debate ( Hassett Strain )973 Words   |  4 Pagesthink about minimum wage and what our belief on raising i t is, most people think one of two things. People hold to the belief that a raise to the minimum wage good for the economy or it is bad for the economy. The authors of â€Å"the minimum wage debate† (Hassett Strain, 2013) would attempt to have us look at the debate in another way. In their article they use a number of rhetorical techniques on us to try and have the reader examine why they are in favor of a raise in the minimum wage. Are we in favorRead MoreMinimum Wage Is A Bad Idea890 Words   |  4 Pagesâ€Å"Raising the Minimum Wage is a bad idea† I. Over the past few years the Minimum Wage has become a controversial topic to people and politicians. As we all know people everywhere are talking about that we need to increase the minimum wage again. Some people don’t realize that increasing the minimum would have principal’s effects on low-wage workers. For instance, most low-wage workers would receive a higher pay that would increase their family income. Yet, some jobs for low-wage workers would probablyRead MoreThe Debate Over Minimum Wage940 Words   |  4 Pages The debate on raising the minimum wage has been discussed in detail in Congress for the past eighteen months. But as of late, writer William Finnegan suggests, it is â€Å"among the many urgent issues that it [Congress] certainly won’t address.† Though this issue is important, Congress seems to be putting off making any real decision in regards to raising the minimum wage. The bill to raise minimum wage from $7.25 per hour to $10.10 and hour over a two year period had been thrown around for monthsRead MoreWhy The Minimum Wage Should Be Raised?1410 Words   |  6 Pagesraised the minimum wage to $7.25. However, six years later the minimum wage rage remains the same. It is time once again for the federal government to raise the minimum wage to spur the economy. Raising the minimum wage would help the American economy and the daily life of the citizens for a variety of reasons. The first topic is that it not only would help the people but it also would help the economy as a whole. The second topic is that companies are already raising the minimum wage because ofRead MoreEssay Should Congress Raise Minimum Wage?614 Words   |  3 PagesShould Congress Raise Minimum Wage? As our federal government debates the idea to raise the minimum wage, there are several interesting questions that occur. Most importantly, should we raise the minimum wage? I believe it is a bad idea to raise the minimum wage from $7.25 per hour up to $10.10 or more in a short period of time. I will explain why raising minimum wage radically would kill jobs and hurt our economy. The main reason raising the minimum wage radically would kill the economy is theRead MoreThe High Cost Of Minimum Wage929 Words   |  4 Pageshigh cost of minimum wage For a while now many have been demanding minimum wage be brought up to 15 dollars. Strikes and protests for it are nothing new. Who wouldn t want to get paid more? This idea seems promising, but it may turn into a deadly trap ready to paralyze our economy. Minimum wage should not be raised to 15 dollars for at least several years because it will ruin our economy. It would be very costly, unfair and counterproductive if that were to happen. Raising minimum wage to 15 dollarsRead MoreRaising The Federal Minimum Wage1277 Words   |  6 PagesThe idea of raising the federal minimum wage that has developed nation wide attention, including protesting and arguments, has caused many discussions on why it could potentially help the economy grow and how it could result in the crash of the economy. Many people feel like raising the federal minimum wage is a must, while others think it will destroy the economy. There are many benefits that come with raising the federal minimum wage, but those benefits also come with many disadvantages. TheRead MoreMinimum Wage Should Not Be Increased1669 Words   |  7 PagesFederal minimum wage is a huge controversy around the world and especially in the United States today. It is the lowest wage that employers can legally pay their employees. The world’s first minimum wage law was passed in the year eighteen ninety-four in New Zealand. New Zealand’s minimum wage experiment caught the attention of other countries. It made them start considering the law for their own countries. The United States passed their federal minimum wage law in nineteen thirty-eight. The federal