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Business Administration / Quality of economic growth improves
« on: September 03, 2018, 03:20:58 PM »
The quality of Bangladesh's economic growth has improved between 2000 and 2015, according to an index developed by the South Asian Network on Economic Modeling (Sanem).

The country ranked 106th among 156 nations in 2015 in the Index of Quality of Economic Growth (IQEG), up by six notches from 112 in 2000.

Bangladesh scored 42.7 on a scale of 0 to 100, according to the research organisation.

The score indicated that the nation has not that much been able to translate its increasing economic growth over the last two decades into improvements in people's livelihoods.

“Bangladesh is successful in achieving a high growth rate but still has a long way to go to transform the growth numbers into quality,” said Sanem Executive Director Selim Raihan.

“When it comes to the question of huge improvement in the livelihoods of the people, we are still lagging behind,” he said.

In context to South Asia however, Bangladesh's ranking remains unchanged. Sri Lanka is the best performer with a score of 56.46 followed by the Maldives, India, Bangladesh and Pakistan. Afghanistan is the region's worst performer and is ranked 155th.

Globally, Sweden has been the top performer scoring 93.01 while Guinea-Bissau the worst with 21.13.

Sanem took up the initiative to develop the index as the focus of discussions on economic growth has shifted from quantity to quality.

“This shift has happened with the growing understanding that a mere increase in economic growth rate is not sufficient to achieve much larger social development goals,” said Raihan. Sanem said it measured the IQEG for 156 countries for 16 years between 2000 and 2015.

This index is unique and for the first time it adopted three major components: economic base, economic strength and social development, said Raihan, a professor of the Department of Economics at the University of Dhaka.

The economic base has been assessed by the level of per capita GDP, economic strength by per capita income growth, volatility of per capita income growth, economic diversification and export capacity.

“A higher capacity of exports to finance imports shows a country's strength in international trade. The more diversified the export basket of a country is, the higher the country is capable of handling external shocks,” said the professor.

“A more diversified export basket also, in general, indicates a country's higher degree of economic diversification,” he added. On the other hand, the social development index measured progress in health and education.

Sanem said every South Asian country, except Afghanistan, improved their index values from 2000 to 2015. The South Asian average IQEG in 2000 was 37.32, which increased to 40.90 in 2015, said Sanem.

Meanwhile for Southeast Asian countries, the average increased from 50.12 to 54.83.

“To ensure that the economic growth process is able to bring qualitative improvements in the livelihoods of the people of the country, there is a need to increase the economic strength of the country through policies, which can generate sustained and stable economic growth and promote economic diversification,” said Raihan.

All the while it is equally important to make notable improvements in the health and education sectors, he said.

“Bangladesh witnesses one of the world's lowest public spending on health and education in context to a percentage of the GDP. With such low public spending, it is not possible to ensure the quality of economic growth,” said Raihan.

He said Bangladesh spends 2 percent of the GDP on education and 0.8 percent on health whereas spending on the sectors was 4-5 percent of GDP.

“We will have to think whether we will be happy with only high growth numbers or take steps to diversify the economy and increase investment on social sectors to improve livelihoods of people,” said Raihan.

Also, there is a need to make significant progress in attaining quality of institutions, he added.

The Sanem index points to the importance of better institutional quality in ensuring the quality of economic growth.

“The countries at the lower level of institutional quality will always face the steep challenge of converting the quantity of growth into quality growth until these countries invest on improving their institutional performances,” it said.

Business Administration / Ivy League Universities
« on: August 01, 2016, 02:24:50 PM »
The Ivy League is a collegiate athletic conference comprising sports teams from eight private institutions of higher education in the Northeastern United States.
The eight institutions are
Brown University,
Columbia University,
Cornell University,
Dartmouth College,
Harvard University,
The University of Pennsylvania,
Princeton University, and
Yale University.

The term Ivy League has connotations of academic excellence, selectivity in admissions, and social elitism.

3D Hologram and the Future of Technology and Entertainment

3D holographic technologies
There are some really trendy technologies that belong to the 3D holographic niche. One of them is the electro-holographic display. This technology uses electro-holography to record 3D objects and reconstruct them. This display is distinct from other 3D displays. For example, when the technology reconstructs 3D images, it captures the parallax.
There’s another technology, which is called touchable hologram. It runs a software that relies on ultrasonic waves, and the user who is touching the projected hologram, feels a pressure on his hand.
Holographic TV is perhaps going to be the biggest of surprises. Researchers at MIT are anticipating holographic TV could enter our drawing room in just ten years down the line. If it turned into a valid anticipation, then today’s 2D TV sets would be obsolete from the market.
The laser plasma technology could give 3D an altogether new shape. Aerial Burton has used plasma laser to have 3D images floated in the air. The technology is in its nascent stage currently but it has plenty of rooms to prosper in the future. Technologies such as plasma laser work in a fascinating way, it accounts for opaqueness. Using this technology, light could be viewed without it having to bounce off a surface.
Entertainment and usability
When identifying a technology that is really helpful, one needs to apprehend the fine-line difference between theatrics and usefulness. Not all technologies or solutions are useful. Some are only showpiece stuff while other 3D tools and solutions are renowned for their application.
3D holographic DJ performances could entertain audiences. It’s already happening in various corners of the world. A project in Russia applied this technology in its copyright DVJ set. The project is called Well Done. Similar to entertainment, serious business operations may also make use of 3D holograms. For example, a company executive could conduct a brainstorming session simply by staying at his home and everyone could see his holographic image at office.
Since dynamic, 3D developments are taking place as you read this article. The best thing about the upcoming 3D tools is they combine both theatrics and usability. Those tools offer a unique solution, which can be applied to render high-quality digital art as well as practical solutions. 3D holography qualifies as such a solution. It could revolutionize certain industries like space research, medical research, real estate, architecture, non-photorealism and even entertainment.

Teaching & Research Forum / What makes an effective teacher?
« on: July 27, 2016, 11:52:37 AM »
What makes an effective teacher?

1: Interest and explanation – “When our interest is aroused in something, whether it is an academic subject or a hobby, we enjoy working hard at it. We come to feel that we can in some way own it and use it to make sense of the world around us.” (p. 98). Coupled with the need to establish the relevance of content, instructors need to craft explanations that enable students to understand the material. This involves knowing what students understand and then forging connections between what is known and what is new.
2: Concern and respect for students and student learning – Ramsden starts with the negative about which he is assertive and unequivocal. “Truly awful teaching in higher education is most often revealed by a sheer lack of interest in and compassion for students and student learning. It repeatedly displays the classic symptom of making a subject seem more demanding than it actually is. Some people may get pleasure from this kind of masquerade.
3: Appropriate assessment and feedback – This principle involves using a variety of assessment techniques and allowing students to demonstrate their mastery of the material in different ways. It avoids those assessment methods that encourage students to memorize and regurgitate. It recognizes the power of feedback to motivate more effort to learn.
4: Learning from students – “Effective teaching refuses to take its effect on students for granted. It sees the relation between teaching and learning as problematic, uncertain and relative. Good teaching is open to change: it involves constantly trying to find out what the effects of instruction are on learning, and modifying the instruction in the light of the evidence collected.” (p. 102)
Reference: Ramsden, P. (1992). Learning to Teach in Higher Education. New York: Routledge.

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