Health & Economic Excellence

Most of my posts discuss the comparison of the economic and non-economic strategies for the development in developed and developing countries. In the same context, I’ve some not new, but an important issue to have my say. Basis for the development though include a list of factors, but most important one is health of masses. No country can proceed with mega economic projects if its people are physically or mentally unfit. And a key element of health facilities in a country includes a strong check on the chemical engineering expert witnesses responsible for the production and or distribution of medicines within the country.

The issue, in its totality is not that big, but mismanaging or over looking it may result as worst consequences for developing countries like Pakistan, where by a large number of patients dies in hospitals due to the provision of either expired or low quality medicines. This is the case not only in Pakistan, but round the world in almost all developing countries.

Now a matter of great concern, but very general in nature: how a developing country can proceed with some top class economic projects if its people are not healthy enough to participate in day-to-day activities. The discussion doesn’t end here but just takes a little break; to think who’s responsible for doing all this!

Fastest Cash: An Innovation In Finance

While studying Finance in academics I’d no interest in it, but don’t know why I’m much in it now. I’ll, however, not talk purely about Finance here, instead the combination of Finance and the Internet Technology. In fact the Internet has made most of the things much easier, from communication to financial services. I’d discussed about the online presence of Structured Settlements and credit cards earlier and today I’ve got a new thing to share. It’s cash advance loans. These are also very well known as fast cash, payday loans and quick cash etc.

These types of loans are actually very easy to acquire, as they do not need any complex procedure, i.e. the applicant should be employed with minimum monthly income along with a bank account that accepts direct deposits. The reason for such loans being so much popular is that they can be applied for via Internet and have fastest turnaround.

Though a large number of websites is there offering payday loans, but choice of a reliable one is also an issue. Before applying for such loans one should make sure that the site is an authentic one. You don’t need to worry much about just do a little googling and see what people are saying about that particular payday loan lender. For instance, I’ve come across while searching for peoples’ opinion about sites providing cash advance loans. So if you need emergency cash, I think the best option should be to have cash advance loan instead selling your property at less prices.

Economy Of Credit Cards And The Consumer Equilibrium

Researching on the economies has been one of my favorite hobbies for some time back, and something that I learn most from. I remember the days spent in university studying finance, though seemed a bit dry those days, but with the passage of time it became a domain of my extreme interest. What actually made me to get inside the field is still undiscovered, but the sped up banking systems focusing more on consumer products has really made me to explore the avenues, and the products I’ve researched on till yet are ATM/debit/credit card, car financing, house financing etc.

Though researched but couldn’t experience the later two while have had some good experience with the former facilities. I in fact used debit card most of the time, but as it can’t replace credit card, and I needed one so applied for such but the procedure here in Pakistan is a bit time consuming as compared to the banks working in developed countries like UK etc. Not only the quick turn round but some additional features of credit card, like one is offered by Co-operative Bank are really makes the credit card economy worth considering for both the consumers and the banking sector.

While having a look at the features of credit card offered by The Cooperative Bank, I found that a consumer will be in equilibrium if the rate doesn’t change for about five years, if he’s given 46 days interest free credit if the balance is fully paid by due date along with some travel rewards. Another feature I liked most at the website was about the donations for good cause, i.e. 1.25p on the transaction amount of 100 pounds. That’s what the bank is on the go with making thousands of customers satisfied and of course resulting as a national equilibrium. And not to mention this is one major factor that helps the developed countries to further boost their economies by the economic growth both at micro and macro levels.

I’d a good experience writing a research paper on micro finance for Institute of Bankers Pakistan, which I’d share some three months after it’s published in their magazine, but till then I can recommend a credit card economy just like one I’d discussed above.

Disclaimer: Details are accurate at date of publishing.

Sponsored by: Co-operative Bank

Economy Of Online Education

I’m an Internet user for about three quarters of a decade, and have seen the Internet world undergoing a structural change. The time I started being on net was nothing more than browsing some tough concepts for an assignment and of course chatting with some friends. Later as I kept on exploring the day-to-day development I just became a part of it, or probably it became a part of my life. Now considering a life without Internet seems incomplete.

Coming to the point, as I’m a trained and experienced educator, I’ve come across a mega development in the education sector with the growth of outreach of Internet. Right now I’m not going to discuss the technological aspect, but being much in Economics I’d love to outline the economic benefits, with special reference to the developing countries, whereby the cost of education has lead the major part of population of away from education. Reducing the cost of hard copy and printing, online education best suits the economies with limited budget for education, since the cost of technology with the widespread of it is decreasing.

While browsing, I’ve come across some facts according to which Online Education has deep roots in the developed countries while the developing countries either do not support or the ratio is very low. Wondering on it, just realized the impact of the economic growth if these (developing) countries just spend a little amount on leveling the grounds for distant learning programs.

Well, this is only a suggestion; hope to see some practices in this regard. One thing that I can do at my level is to point out, and that’s what I’m working on.

Technology Per Kilogram

Some days back I encountered a technical problem and needed to replace my computer’s RAM; being new in the city I didn’t know much about the Computer stores, so just asked one of my students if he knows any good hardware store. What he told me in reply was though not new but very interesting! He told me about a market where I could get about 5 RAMs just for Rs.50 (less than 1USD), but with no guarantee.

Later on verifying form other sources I found that the market does exist. Not only this single market, but also same sort of markets exist in almost all big cities of Pakistan where the computer hardware, electronic and miscellaneous mechanical products are sold per kilogram. At this one of the interviews of Head of IT Ministry, Dr. Atta Ur Rehman (published in Dawn Education some one year back) glimpsed in my mind, and I realize why Mr. Atta said that he’s going to produce 1500 PhDs in one year. Just imagine, you’re getting technology per kilograms, i.e. laptop, Rs.2000/kg, Hard Disk Rs.60/kg. Now, who the hell can stop you being the leader of IT industry!

Well, I’m not well aware of the policy of Dr Saheb, since we’ve not been briefed about it anywhere in the past and there are no such chances in future as well. Mr. Atta alone cannot be blamed for the whole situation as all this works in a system. And that system comprises of economic policies and social action programs along with planning in educational concerns.

Being specific where to the computer related parts, which are, being sold per kilogram is something of utmost importance with reference to Economy, IT Sector, and of course the ultimate effect on society as a whole. Though a large number of people who are living below the poverty line are associated with this business and this is their only living, does it make any sense of planning? Is this the way we’ll create 1500 PhDs a year? Will this practice lead towards any economic and social development?

I personally don’t know the answers of the questions above but too keen to know the facts. Having some understanding of Economic and Educational Planning, I know that if the black markets for all IT products are caught and banned not only a lot of Federal Revenues will increase but the doors for the production of all this stuff will also be possible with in the country.

We’re still not able to make a computer chip of our own! And all this is because of smuggling of products and accessories through neighboring countries. Control over smuggling and the better use of grants in IT sector can lead towards the home manufacturing of hardware reducing the cost of production and hence a real decrease in prices is possible.

Coming to the effect of this alarming situation on Education sector, if prices of technology decrease, the widespread of it is possible, with which masses can be benefited from the technology. Not at a great extent but imagine if it helps a public school to have a single computer, many children can be benefited from it. It can also reduce the cost of Education if planned well, encouraging more and more people to educate their children.

My suggestions can be ignored or rejected by any Ministry mentioned above in the same way as Insha Jee’s educational reforms were. He was asked to develop his own curriculum and syllabus and he ended up with “Urdu Ki Akhri Kitab (The Last Book of Urdu)”. But poor me! I don’t want to write “Technology ki Akhri Kitab (The Last Book of Technology”.

Creating Sound Mind in a Sound Body

According to Aristotle, ‘education is the process of creating sound mind in the sound body’. As any process needs a planning at the back end in order to get the desired results, education also needs planning. And this planning is based on the Educational Philosophy. James Ross relates education and philosophy as ‘two sides of a coin’. This relation has also been described by John Adams, for him ‘education is the dynamic side of philosophy’.

What is educational philosophy or what is the role of philosophy in education are the major questions need to be answered. Many thinkers are of the opinion that philosophy is not something to be addressed publicly as general public doesn’t understand its essence. So it’s better to address such issues at intellectual level. I, however, contradict to this opinion with reference to Educational Philosophy. As per my research and understanding and what I’ve observed in most of the works on education, it’s a continuous process of changing the behaviour of an individual and a society in order to make them better live their lives.

I’ve some grounds for Educational philosophies to be addressed to general public. These grounds are as follows.

Education and culture:

Education is considered to be a tool of cultural conversation. Cultural conversation doesn’t mean to stick with the unnecessary customs, instead its more progressivism. Education makes one to explore the rights and wrongs with in a culture and to select the best. This aspect of Educational philosophy demands to make general public aware of this fact. So that people aiming to be culturally enriched should take the advantage of Education.

Citizenship and Social Efficiency:

The ultimate desire of individuals particularly and a society in general has always been the social up gradation. This progress has fortunately or unfortunately only one way. And that is better living. Sufficient income leads towards a healthy body first which is according to Aristotle is the requirement of a sound mind, and this sound mind when thinks and re arranges the facts comes up with inventions, innovations and comfort tools. In order to have a sound mind one needs a healthy body and this healthy body can only be maintained by good earning which is not possible until one has some skills. Education provides these skills, so it needs this philosophy should be publicized in order to let people know about the importance of education for their survival.

Personal Development:

Personal development is the highest stage of the educational aims, and the importance of this particular aspect can only be identified if the above discussed aspects manage to penetrate in the general public’s mind.

The points discussed above are the general aspects of educational aims, the specific category also exists but that category needs to be addressed only to the related masses.
The purpose of this writing is not only to insist the public exposure to the educational philosophy, but also to identify a major fact that education cannot achieve its ultimate objectives until the end user is willing to accept it as a constructive tool.

Educational policies cannot be successful until these are in accordance with the mental capabilities and approaches of the general masses. In fact this made me to think that as educational philosophies differ from culture to culture. So in order to create a sound mind in a sound body, developing a philosophy of educational setup for a particular group or society or a country is not the first step, instead the first step is to identify the present behaviour, so that the back end should be coded according to the requirement.

Lean Manufacturing and the Outgrowth of Production Concern

Being a research student, Economic issues have always gimmicked my attention. Though not very professional, but I’m at least an Economist in Equilibrium. The issue which recently caught my attention is the ‘reduced cost of production’. I just explored the Lean Manufacturing Consulting and found a new way out for the industrialists. The new innovative methods to make the best use of the key resources can not only reduce the cost of production but also reduces the wastage.

The concept of Lean Manufacturing actually works on the principles of pull processing, perfect first time quality, waste minimization, continuous improvement and flexibility. The concept actually dates back from the times of Benjamin Franklin. It also showed the outgrowth of multinationals and other developed corporations of the world. Toyota is the living example of such. Having so much successful experiences the concept of lean manufacturing strongly demands to be applied in small scale businesses as well, where by the firms face a basic problem of increased cost of production.

The effectiveness of the concept in the developed establishments, have made me to ponder why not to have such methods of productions be the part of our industrial production. This will no doubt enhance the performance of the industrial units, and the economy will ride on the strong horse of GDP.