Economic Development of China Research Paper Example | Topics and Well Written Essays - 2500 words

Economic Development of China - Research Paper Example It however remains to be termed as a growing economy since its per capita income is still low compared to the other developed economies and its market reforms are still not complete. Many challenges have as well resulted from its rapid economic growth and these include urbanization, high levels of inequality, external imbalance and challenges on the sustainability of the environment. It is also faced with internal labor migration and demographic challenges, which are associated to a high population of an aging population. It therefore requires policy adjustments to see sustainability in growth of China (The World Bank Para 6). The economy of china has attained a significant change over the decades and this was marked by its beginning of economic reforms that took place in 1978. Before these reforms, China had a command economy. This form of economy is also referred to a centrally planned economy whereby all or the major output from economic activities were controlled by the state. The state was responsible for setting the goals of production for the firms, allocated resources throughout the economy and set the operating prices. The individual firms of the households were in the 1950s were joined collectively into communes. In support of industrialization, the government undertook investment in human and physical capital in 1960s and 1970s. Three quarters of the entire industrial production at this time was from enterprises that were owned or controlled by the state and at this time, private businesses and foreign investment firms, which are the multinational companies, were barred. The government at this time had an aim of making the economy of china to be self -sufficient. The government policies held at this time held the economy of China into a state of economic stagnation and inefficiency. Companies, firms and the employees lacked incentives for working hard and improving

Use of Information Technology in Human Resource Planning Essay

Use of Information Technology in Human Resource Planning - Essay Example LITERATURE REVIEW Jacoby, Nason and Saguchi (77) argued that Information Technology is widely used in various departments of an organization in the United States and Japan. They insisted that IT plays a major role in the departments of human resources, aiding in the managerial processes of recruitment of workers and making of job schedules. Another group of researchers; SchoI?nberger and Lazer (221) proposed that the introduction of IT related operations in an organization, especially in the HR planning promotes efficient management and allocation of duties to employees and identification of nonperforming employees as every employee’s tasks are known. The major department of an organization is the HR department argued Haines and Lafleur (525) and incorporation of IT or digitizing the department will increase productivity of the organization by a significant margin. In the Journal of Knowledge Management, Klaila (138) claims that transformation of the information system from manual to digital in the HR department can reduce the bulk of the paper work involved in carrying out different tasks in the department. IT makes it easier to store employee information as it provides secure databases that are only accessible to the authorized parties. As IT has progressed from the old and slow mainframes to much quicker LANs (local area networks), WANs (wide area networks) and the World Wide Web, the business world follows suit in moving from the manual operations to computerized platforms (Ashbaugh and Miranda 144). Planning involves laying down strategies of an organization that are to be followed regarding performing various tasks. The HR department can work in conjunction with other departments in carrying these tasks, for instance, staff training and recruitment and job allocation among others. In order to plan adequately for a foreseeable progress of an organization, good strategies have to be laid down to avoid the failure of an organization. First is finding literature about HR tasks and functions, HR without IT and its implications. Investigate on the transformation process from HR without IT to HR with IT, and finally, how the computerized HR department will affect the planning process of human resources. Research Philos ophy, Approach and Strategy The research is based on phenomenological philosophy describing a number of individual experiences about a phenomenon. In this research, positivism philosophy has been adopted as it provides the researchers with a clear view of the current system in comparison to the old system. It focuses around the actual facts that exist in the IT introduction from the researcher’s point of view, coming up with related conclusions on what should and should not be done to ensure a successful IT incorporation in the planning process of the human resources. This philosophy allows the researcher to provide their own views about how IT is beneficial to human resource planning, while directly correlating their views to the current deliverables of the system. The research also takes a deductive approach since it works from a proven theory that IT helps in human resource planning, sampling different rules and already proven facts about our theory through collection of d ata on these facts, then use these data to back up