Cutting the budget to the education system will do more harm than good Essay

Cutting the budget to the education system will do more harm than good - Essay Example The recent case of the state of California grants insight into the immediate impact of budget cuts on education systems. As of 2009 the California government had enacted budget cuts of about 12 billion, with an additional 1.2 billion proposed (O’Connell). This has led to â€Å"class-size increases in Pasadena† and â€Å"the expected laying off of 2250 teachers,† both linked to lower graduation rates (O’Connell). The consequences, however, reach farther than immediate effects on classroom quality and graduation. Lower education rates seem to lead to lower economic performance. According to Business Weekly, even at current rates decreases in educational performance could lead to a cut of as much as 2% of GDP due to changes in demographics and expected graduation rates (Symonds). With the growth of global markets and the precedence placed on economic performance in the burgeoning economic powerhouses of India and China, for instance, the United States must wo rk harder to compete. Symonds warns of the possibility of â€Å"more US white collar jobs [moving] offshore† as high school graduation rates in the US’ competitors increase. We cannot neglect the other side of the budget cuts.

Opening of Rohan Stores in Iran Assignment Example | Topics and Well Written Essays - 4000 words

Opening of Rohan Stores in Iran - Assignment Example Hence, by investing in Iran, the business will be entering a market with a completely different culture. Adizadeh (2010) states that despite the significant role that franchising has played in all economies; researchers have paid little attention to it in the Iranian market. The author further adds that there are very many barriers facing Iranian firms with considerations of adopting franchising. The barriers include legal, cultural, political, tariff, and economic. However, managers of already existing franchises in Iran affirm cultural barriers as one of the most important hindrances facing franchisors and franchisees in the country (Adizadeh, 2010). Leung et al. (2005) noted that the source of cultural barriers is the variations in cultural variables such as religion, material culture, language, social organization, popular culture, and aesthetics between the resident and foreign nations. The authors continue to point out that an increase in such dissimilarities translates to larg er cultural distances between the foreign and home countries. Consequently, an increase in the cultural distances creates challenges in the process of transferring the investment from the resident country. However, Ewah and Ekeng (2009) identify an increase in the levels of saturation and competition in the markets of developed countries. For this reason, Rohan’s most viable solution would be developing strategies to deal with the cultural differences and, subsequently, invest in Iran as an emerging market economy.