The Economy of Vietnam Essay Example | Topics and Well Written Essays - 500 words

The Economy of Vietnam - Essay Example Though many of the changes have been positive in their move towards WTO membership, there are many changes yet to come and there is some anxiety in the marketplace. Sipress reports that the textile industry in Vietnam currently accounts for only 3.2% of the US imports and the elimination of quotas could have a positive effect on that number. Other industries, such as pharmaceuticals and fertilizer may suffer due to a reduction in import tariffs and the entry of foreign competitors. Companies that have come to rely on government subsidies and centralized sales will have to undergo dramatic change. A recent reshuffling in the political structure may also point to economic improvements. The addition of younger leadership and a shift of power to the more industrialized south may be able to further spur FDI. Intel's recent $300 million dollar chip factory is located in the south and may indicate another Asian technology center in the works. The changes that Vietnam began in 2000 resulted in more liberalized policies and made Vietnam's growth, and eventual admission to the WTO, possible. It demonstrates the impact that government trade policies can have on the economic climate of a country. It further shows the influence that the WTO has on global issues such as the environment and full employment. As Vietnam moves toward a more global presence, some industries will suffer hardships while others will flourish. Industries that are heavily reliant on domestic trade will have to learn to compete with imports.

Employer's Duty of Care and Issues of Compensation Assignment - 1

Employer's Duty of Care and Issues of Compensation - Assignment Example If the instructions are not stated clearly, the employee may act in good faith to fulfill a particular duty of obedience. This should be done in a manner that is reasonable especially considering the existing circumstances at that particular moment. Jake has been employed on a contract basis as certified auto mechanic at the Rally motors. This therefore means that Jake may perform any job assigned to him by his employer provided the job is reasonable. Even as Jake performs the job assigned to him, he is aware of what is expected of him by the federal or state regulations. Basing on the movie, one can comfortably say that Jake’s actions are within his scope of employment. The current job of oil change is, most likely, not what Jake expected as he entered into an employment agreement with Herman. Instead it is a promotional offer invented by Herman to attract more customers as he says that as the customers’ cars are being serviced, the customers get a chance to check out the new car models. So Jake may argue that as far as what is expected of him in terms of standards is concerned, his actions are within his scope of employment (Goss, 2004). It may be argued that every employee has an obligation to perform his duties as directed by his employer. Such arguments may be as a result shortsightedness in terms of the potential impacts it may have on the business in the future. In this case, for example, customers expect a fully serviced vehicle from the service department especially if the service personnel like Jake are certified. So, it is Jake’s responsibility to do thorough service work on the customers’ vehicles and this includes checking and where possible servicing the tires, brakes and transmission as would be expected of a certified auto mechanic (Murolo & Chitty, 2001). This ensures that the vehicle is safe for driving by the customer. If a vehicle from the service centre gets involved in an accident and the resultant