What is the Most Effective Leadership Style in Local Government Essay

What is the Most Effective Leadership Style in Local Government - Essay Example As the report highlights simplification and transparency are needed to transform local government into a truly proactive, citizen centred form of representation. Along with local government reform what also needs to take place is a transformation of leadership. For too long, local government has concentrated on managing, or trying to manage, and many have forgotten, or never learned, what leadership is. This essay declares that the UK is comprised of a diverse array of local forms of government. The first tier form of local government is Parish or Town Councils. These councils are selected via the normal democratic process of elections. The sizes of the councils vary greatly, ranging from small rural parishes with several hundred stakeholders to the largest urban parish with over 70,000 citizens. Their authority varies depending on locale. In addition to parish or local councils there may be second tier council that provide local services to the community. In the major urban areas on England there are a total of 36 metropolitan borough councils. The areas with these larger councils include: Greater Manchester, the West Midlands, Merseyside, South and West Yorkshire, and Tyen and Wear. The councillors for these larger councils are elected for four year terms. Additionally, elections are held yearly with one third of the seats being up for election yearly. Every fourth year there is n o election.

Is Chinese currency (Reminbi) Undervalued Essay

Is Chinese currency (Reminbi) Undervalued - Essay Example emand to appreciate its currency since this is primarily viewed as one of the main reasons of loss of manufacturing jobs in the United States and its general deflation (Yang & Besnainou, 106). The RMB is the official currency of the People’s Republic in China having principal or base unit which is yuan. Literally, the RMB means people’s currency. Currency is significantly use for modern exchange of goods and services and this play important role how the country’s economy should operate. There must be significant unbalance economic activities between nations when for instance the US currency is overvalued while China’s currency remains undervalued. On the other hand, suppose the US continues to go for devaluation, this will necessary create significant impacts on its internal economy particularly on the growth of its industries. Considering that US economy and China’s are interrelated and both have active participation in exchange, the move of the ot her may significantly create impacts on how the other should run. Thus, there is a great consideration of knowing if RMB is really undervalued. There are two basic reference rates often considered when evaluating the valuation of currency exchange rate. The first is with respect to purchasing power parity. The next is comparing exchange rate needed to induce trade balance, or balance on the current account. Despite there are basic measurements in finding currency valuation, there are disagreements whether RMB is undervalued or not. There are different arguments whether RMB needs to appreciate or needs to decrease. The question now is how really it is to evaluate RMB which would be fair enough in order to understand its valuation. Reported in Roubini.com (par. 1 – par. 15) are different opinions from economic experts regarding the undervaluation issue of RMB which also involved different measurements they used. Structural shock and technical difficulties facing China’s economy provide no fair measurement