The Concept of Globalization Essay Example | Topics and Well Written Essays - 1000 words

The Concept of Globalization - Essay Example The essay "The Concept of Globalization" talks about the globalization concept as a way of how the world is connected in all the sectors of human life, from technological, economical, political, socio-cultural and even environmental developments. All this a major contributing factor towards the presentation of a world democracy where there is a large market economy with ease of access for individuals around the world. Globalization nowadays is a very heated topic, both on the positive side and the negative side. Many are against globalization due to their belief in the sovereignty of a country with everything being centralized and many are for it as it is giving them a larger ground to play. Although debated as a capitalist concept, globalization is the need of the day with everyone some way or another involved in the process. Countries are always involved in doing trades, people are involved through the internet, and people immigrate for better work, processes like these make globalization a true fact and a reality that has contributed much towards the scope of International Relations. When the world talks about power, wealth, innovation and capitalism, America is the country they direct to. The concept of Globalization thus emerging from the U.S depicts that it is a new way of how the United States want to be perceived in the comity of nations. The power of globalization residing within the U.S, it then is much like a dictatorship towards a freely moving and changing concept.

Australian Gas Essay Example | Topics and Well Written Essays - 750 words

Australian Gas - Essay Example Dividends during that time have grown from 52 cents per share to 63 cents per share (93 cents per share in 2005 which includes a special 30 cent dividend). That is approximately 5% dividend growth per year. Earnings per share (excluding extraordinary items) during the last three years has grown from 73 cents per share in 2003 to 79 in 2004 and 84 cents per share in 2005 (the last year full figures are available), which is an average growth rate of just over 7% per year. Underlying profit (excluding significant items) grew from $351 million to $386 million just over 6% growth for the year. EBIT remained steady at approximately 13.6% of funds employed. Total liabilities dropped from $3.4 billion to $2.6 billion a 22% drop. The debt to equity ratio dropped significantly dropping from over 40% in 2004 to approximately 27% in 2005. The price to earnings ratio during the last three years has remained relatively stable as well. In February 2003 the stock was trading at about 10.00 per share and had earnings of 73 cents that gave it a P/E of approximately 14. In February 2004 the stock was trading at just over 11.00 per share and had earnings of 79 which kept the P/E very close to 14 and in February of 2005 the stock was trading at approximately 13.25 per share and had earnings of 84 cents. This caused the P/E to jump slightly to approximately 16 which was still well within the average P/E of other gas and electric companies. RISKSThere are a myriad of risk factors for this company, including (but not limited to): rates being set by the regulatory board that are not in line with company expectations, a vote by shareholders that halts the planned divestiture of AGL energy and AGL infrastructure into two separate entities, the ongoing environmental investigations and standards that need to be met and of course a more consistent weather pattern that lowers the demand for electricity or natural gas.The rates that are currently being considered are in line with industry standards and though there are a number of rate revisions being considered by the regulatory commission the company feels that the recent trend has been for the governing board to take a light approach, not a heavy handed approach to rate increases. This bodes well for the company.The divestiture of AGL energy into a separate entity is viewed by most experts to be a good decision and profitable for the shareholders. Recent surveys show that the majority of shareholders are planning to vote for the divestiture and subsequent merger at the shareholders meeting in October 2006. The company is committed to a clean environment and recently began to draw up plans for the