Globalized Communication Essay Example | Topics and Well Written Essays - 750 words

Globalized Communication - Essay Example "The racial, cultural, and linguistic mosaic of Singapore underscores the importance of language management throughout the educational system in the country. Much of the success of language management in Singapore is the result of a long-standing policy of multiracialism, multiculturalism, and multilingualism." (Pakir, 1999). English was chosen as the working language, being "neutral" because it was not the language of any of the three major ethnic groups (Malay, Chinese & Indian). The bilingual policy placed English as the official language that the whole population should know. The multilingualism of Singapore has given birth to a colloquial language mostly spoken by the English-knowing public. Known as "Singlish" (short for Singapore English), it differs from English in rhythm and intonation, stress patterns, vowel length and quality and sometimes also word order. "It is the nature of widely spoken languages to fragment into dialects, then into new languages, as Latin did into French, Italian, Spanish and others." (Mydans, 2001) The same is true with English, as more and more countries are adapting it to their own languages. "As they emerge, the world's various Englishes reflect the needs, personality and linguistic roots of their home ground." (Mydans, 2001). "Singlish is simply Singaporean slang, whereby English follows Chinese grammar and is liberally sprinkled with words from the local Chinese, Malay and Indian dialects. Take jiat gentang, which combines the Hokkien word for "eat" (fiat), with the Malay word for "potato" (gentang). Jiat gentang describes someone who speaks with a pretentious Western accent (since potatoes are considered a European food), as in "He went to Oxford to study, now he come back to Singapore, only know how to fiat gentang."" (Tan, 2002) Students are exposed to the English language at the start of their formal schooling. Lee Kwan Yew, the main architect of the bilingual education policy believes that learning a second language early on leads to higher proficiency. He declares, "Language is a key to the acquisition of knowledge. If a student is unable to understand a language, then he is unable to receive information or knowledge in that language. It is therefore crucial that a breakthrough must be made in the English language as early in life as possible." (as cited in Platt, 1982) The concern for connecting to the world in a global community while maintaining one's cultural roots and identity has given birth to the concept of English in Singapore as being "glocal". Derived from the words "global" and "local", it makes for greater awareness of intercultural and cross-cultural exchanges. It indicates that one has to be open to new ideas and yet be embedded in one's own culture. Today, the call is for citizens of all nations is to "Think globally , act locally." (Pakir,

Country Risk Premium Essay Example | Topics and Well Written Essays - 3000 words

Country Risk Premium - Essay Example The risk models that are often utilized for corporate financial valuation, it is essential to undertake the ultimate estimation with regards to the risk and return premiums for the average investments termed as equity or market risk premium. It is hence vital for validating the Capital AssetsPricing Model, since it is currently considered as the most utilized both in the practical and theoretical analysis.The research shows that; investors often have to make some cognitive strategies on the verge of investing in emerging countries. This is due to the fact that undertaking huge investments in emerging countries such as Latin America countries, Asia and South East Europe, among others is considered as being riskier than doing so in developed markets such as that of Japan, Western Europe, and the USA. Certainly, the investments returns are also a little bit lower in the developed markets as compared to that of the emerging markets. The estimates of the much-needed return rates based on the developed markets scenario is mostly done with the Capital Assets Pricing Model. The practical weaknesses of this perspective are greatly recognized although there is a wide acceptance of its theoretical fundamentals. In the case of the emerging markets, it is often deemed as being more challenging to assess the return rates. The country risk should usually be rewarded with the country risk premium based on the required return rate with regards to an equivalent rate of investment in the developed countries.