The phenomenon that is bought to light in this article contributed by Herb Emery, Wayne Simpson and Stephen Tapp published on Globe and Mail is rather disappointing. The article highlights how Canada’s professional economist are lacking interest in the Canadian economy as shown through decrease of academic publications that contain Canadian content from 50% to 10% as per a decade ago. This article paired with my recent research for the group project on how the Harper regime is spending money to bribe international companies, such as Ford, with a huge allocation of the taxpayer’s money makes me wonder the future direction of the Canadian economy. Moreover, as a business student studying commerce in Canada, I wonder what opportunities will be available in the Canadian market for me in the future. It is also disappointing as the younger generation preparing to enter the workforce because in the education system, we are fostered with Canadian pride and how we stand in the international market from our standpoint when in reality, current economists are focusing on economies elsewhere. With the current inclination of interest towards the global market and international economy, I predict that there is a high chance of me working in other countries.
Monthly Archives: September 2013
Air Congestion
The current world population is more than seven billion and still growing. What does that mean for the aviation industry? Take the global airline company, Lufthansa group for example, they are purchasing 34 new Boeing jets and 25 new Airbus jets. Moreover, the new aircraft ordered for replacement and growth can firmly ensure a growth by 2025.
Lufthansa’s new announcement is similar to today’s discussion about Westjet’s fleet expansion. Although Westjet is expanding their fleet specifically for other reasons, it is still due to expansion of the market and increase in demand.
In addition to the currently congested airspace, air traffic controllers are pushing safety margins everyday to ensure maximum take offs and landings within operating times. For example, Hong Kong International Airport has 40 air traffic movement (either taking off or landing) within an hour. In other words, there is a take off every minute and a half on average. Along with the additions of new air traffic and new airlines emerging, this is a very profitable market.
Air transportation is currently the most efficient and fastest method of travelling world wide and the demand is only going to increase. Personally as an aviation enthusiast, I am excited to see where this expansion is going to take the aviation field. This growing market is only to expand. I wonder what other business opportunities are going to emerge from this growing demand for travelling.
The People Whom We Trust Most
In times of medical emergencies or first aid emergencies, we leave our lives up doctors to do their best. Moreover, we are also at our most vulnerable and most desperate state in their hands. Perhaps it is accepted as a social norm to faithfully and undoubtedly trust the doctors, but can ethics be a matter of consideration for doctors too?
Recently, a BC acupuncturist, MuBai Qiu was found to be taking advantage of his customers. He calls himself the world’s greatest acupuncturist and over bills his patients; Yet more than a hundred people over several days and as most as more than 300 patients in a day go to him for treatment for a few years now. From a marketing perspective, his self-made title and expensive prices created a brand for himself where people are willing to pay high prices for his, but ethically, how does his business and practice stand in relation to each other?
Good managers do not take advantage of vulnerable people, but good managers are also responsible for creating a brand where they can maximize profit. Economically, Qiu is might not be a good manager, but he is definitely a profitable manager. Despite his economic value in the market, the College of Traditional Medicine has pulled his license and was found guilty of or professional misconduct by the investigation by Medical Services Plan.
In essence, ethics indeed do play a big part in the world and therefore in my opinion, it should not be ignored in both the business world and the medical field.
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