The impact of macroeconomic policy in real estate corporations in Essay

The impact of macroeconomic policy in real estate corporations in China - Essay Example c regulations by the People’s Republic of China (PRC) will have impacts on both domestic and foreign real estate enterprises operating in the Chinese housing sector environment. Uncertainty in a market driven economy is likely to have a significant impact on the forces operating within a particular sector, which in this case is residential housing, national and international financial markets. The findings indicate that, although new macroeconomic mechanisms have been announced by the Chinese government, to date they have not been fully introduced and, even where this has been the case, there appears to be no clearly defined manner in which these policies are being enforced in different locations throughout the country or when this is likely to take place. It is clear from the results that this has increased the levels of uncertainty that exists in the minds of the house purchaser and the real estate enterprises. In this context, uncertainty has the dual effect of delaying consumer house purchasing decisions, which in turn leads real estate enterprises to reconsider their current investment and development strategies. The considered option of the real estate enterprises, based on the market evidence they have, is that the policy reforms will have a significant impact on demand and supply in the housing market. Specifically, the option is that the proposed reduction in bank lending and increased credit controls and the cost of borrowing will reduce demand for private housing, as it will reduce the consumer’s affordability determinants. It has been anticipated by the majority of the respondents that the effect of this will not only result in a fall in house prices, but in many cases, this fall is likely to be between 20-50%. These levels of price reduction will adversely affect the demand for residential houses. As a result, substantially increase the numbers of houses that are available for sale in the market, which could further depress prices. For real

Ethnic Views Essay Example | Topics and Well Written Essays - 750 words

Ethnic Views - Essay Example Settling in a different context would also result to cultural conflict where the dominant group isolates the minorities due to ethnic and other differences. In this text two incidences; the myth of the Latin women and the American dreamer will be explored to portray how cultural conflicts occur and lead to stereotyping. Fredrickson, M. George put forward four models of ethnic relations and how they are embraced as well as their effects on the affected parties. In this case one-way simulation, a model that tries to forcefully integrate the immigrants into the new ways of the native people in America will be analyzed in the two narratives above and the specific cases outlined to relate the cases occurrences with the model as postulated by Fredrickson. The American dreamer The American Dreamer is a narrative of an Indian woman; specifically from the Bengali speaking tribe who went to study in Canada in the 50s only to be met with harsh racial sentiments and highly contrasting cultural p erspectives that makes her to forget her real identity in a confused racial conflict situation. The hierarchical classification society that she was used to was replaced by a contradicting westernized lifestyle that encompasses virtually everything that her cultural background describes as social norms. The westernized ways of life such as 5 minutes wedding in a lawyer’s office was the climax of departure from a well structured cultural that the writer has abandoned and tries to fit in to a different cultural perspective that is not welcoming. This makes the writer and her family to move to the United States, where she becomes a committed immigrant from being detached onlookers that she had been reduced to. The writer later becomes an advocate of integration among cultures and critically discourages the idea of cultural retentions, a view that did not go well with many scholars and especially those of Indian origin who blames her for leaving her culture, and advocating agains t those cultural lines in America. The writer describes America as having a good bill of rights meaning, that there were chances of equal treatment among the cultures with increased advocacy. Analysis From the story above, Fredrickson model of one way assimilation is evident in both the Canadian and the US platforms though on a lesser extent on the latter. One way assimilation recognizes that humans are equal in treatment and rights, but on terms that strictly specify that the native or dominant culture; in this case the American culture is more superior, pure and has to remain unchanged by the immigrants or new cultures from outside the American culture (Frederickson, 635). This was observed when in 1994 when the Florida Lake country School board announces it policy that required that all middle class teachers to instruct their students that American culture, meaning the European-American culture was â€Å"inherently superior† to other foreign or historic cultures. The case of some of Indian born academics in the US campuses appointing themselves as the guardians of the purity of ethnic cultures also portrays a case of one way assimilation, and this explains their disgust with the writer’s efforts. The myth of the Latin woman This case is a case of stereotyping and culture a conflict between a student of the Hispanic origin and the English culture in Britain. The student is humiliated and undergoes psychological torture as the English speakers isolate her due to her Hispanic looks and view her