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Saturday, March 21, 2020

Disney Strategic Initiative Paper Essays

Disney Strategic Initiative Paper Essays Disney Strategic Initiative Paper Essay Disney Strategic Initiative Paper Essay Disney Strategic Initiative Paper Tammy Adams, Kecia Darnell, Chelsea Hensley, Elizabeth Munns, and Zameika Williams University of Phoenix FIN 370 Professor Stephen Beadnell October 18, 2010 Strategic Initiative Paper Introduction This paper will address the strategic and financial planning associated with the operations of Disney. In addition, the paper will show the correlation between strategic and financial planning. The impact of the organizationÃ¢â‚¬â„¢s initiative costs, sales, and associated risks the organization encounters during the financial and strategic planning will be addressed. Thus, the financial planning process provides a tool for preparing for the future working-capital requirements of the firm. Ã¢â‚¬ (Keown, 2005) The Walt Disney Company currently has many strategic plans in action; in 2005 the CompanyÃ¢â‚¬â„¢s CEO, Robert Iger, ordered a restructuring of their Corporate Strategic Planning Division. The strategic planning department is now being incorporated i nto each of DisneyÃ¢â‚¬â„¢s four segments which include Studio Entertainment, Parks and Resorts, Consumer Products and Media Networks, as well as DisneyÃ¢â‚¬â„¢s International Organization. They are also utilizing smaller groups focusing on developing DisneyÃ¢â‚¬â„¢s five year plan as well as acquisition opportunities, new technologies, and emerging businesses. Ã¢â‚¬Å"Strategic planning will continue to play an important role in identifying the opportunities and challenges presented to our company as we grow our leadership position as the most valuable entertainment brand in the world,Ã¢â‚¬ said Mr. Iger in his 2005 announcement of the restructuring project (News Release, para. 3). Strategic planning for The Walt Disney Company (2005) has been Ã¢â‚¬Å"an essential catalyst to DisneyÃ¢â‚¬â„¢s growth by identifying new opportunities and expanding existing businessÃ¢â‚¬ (News Release, para. 4). They are using this new structure to create efficiency, accountability, and empowerment in the ongoing efforts of each business unit leader to create new entertainment experiences which will ultimately generate more long-term value for shareholders (The Walt Disney Company, 2005). Their strategic planning procedures have worked for many years, and a restructuring brought more attention to an area of financial planning that is extremely important. DisneyÃ¢â‚¬â„¢s efforts to stay at the head of the market have certainly proven to be effective as well as very beneficial. As a result of restructuring and creating multiple departments within Disney, the organizationÃ¢â‚¬â„¢s financial planning is efficient. The organization has identified financial goals, prioritized those goals, and developed a financial plan by using the legacy information to determine the organizationÃ¢â‚¬â„¢s financial forecast. The organization focuses on key relationships that will provide additional resources for the business, and create a positive profit. The strategic planning division was dismantled to create a more efficient operation. The organization used vital information created by the strategic planning division to have a profitable future. Ã¢â‚¬Å"The strategic planning unit was fashioned by Mr. Eisner and others at Disney to create a dynamic tension between the units and the corporate suite. But as the business units grew over the years, the executives who ran them chafed under strategic plannings oversight. Ã¢â‚¬ (Holson, 2005) One particular area that Disney could potentially have an impact on Disney costs and sales is with online movie viewers. With certain developments such as Netflix, movie watchers are able to stream movies from the comfort of their own home. While Disney previously established an agreement that entitled the Disney Company to licensing fees, those charges did not incorporate people that were able to access movies online. According to an online article entitled, Disney May Raise Costs for Netflix, 2010, Disney is concerned that they will miss out on significant licensing revenue as the number of Netflix subscribers that watch movies online through NetflixÃ¢â‚¬â„¢s streaming service increases. The situation between Disney and Netflix could lead to a direct impact on costs and sales for both Disney and Netflix. However, focusing primarily on the impact the Disney Company, the effects could be more drastic. One scenario is the parties do not reach an agreement in regard to the streaming fees Disney wants to charge Netflix and the companies discontinue business. Netflix will no longer provide Disney movies for rent, this could lead to a decrease in potential sales and free advertising for Disney. It could be said that Netflix users will select from a the remainder of the selection of movies available, however, according to the article, the likelihood is that Netflix will negotiate with The Disney Company so there are no limitations put on the amount of streaming video Netflix can offer . This will actually increase the current acquisition costs for Netflix at an estimated incremental one percent acquisition cost. There will be a positive impact on sales for Disney due to the additional charges able to be acquired through attaching fees to the online streaming content. As a result of restructuring and creating multiple departments within Disney, the organizationÃ¢â‚¬â„¢s financial planning is efficient. The organization has identified financial goals, prioritized those goals, and developed a financial plan by using the legacy information to determine the organizationÃ¢â‚¬â„¢s financial forecast. The organization focuses on key relationships that will provide additional resources for the business, and create a positive profit. The strategic planning division was dismantled to create a more efficient operation. The organization used vital information created by the strategic planning division to have a profitable future. The strategic planning unit was fashioned by Mr. Eisner and others at Disney to create a dynamic tension between the units and the corporate suite. But as the business units grew over the years, the executives who ran them chafed under strategic plannings oversight. Ã¢â‚¬ (Holson, 2005) The Walt Disney Company is the worlds largest media conglomerate, with assets encompassing movies, television, publishing, and theme parks, focusing on key relationships that will supply supplementary capital for the company, and generate a constructive income while combining it magic with NetflixÃ¢â‚¬â„¢s and other upcoming companies. The Walt Disney Company is the most victorious organizations in the practice of strategic planning. These organizations not only benefit from building and executing a plan, but they benefit form the thought process itself. A plan is a highway to success, and the planning process signifies organizational leadership and heightens the communication of significant company information. TodayÃ¢â‚¬â„¢s unstable market demands that employees, work groups, and organizations have a comprehensible consideration of their roles, products and services the Walt Disney Company has to offer, as well as the processes the company use to find the way of opportunity to create an outcome-based organization culture. Combining Strategic planning, impact cost and sales, and the risks that come wit them The Disney Company has managed to stay on top building many hotels and resorts for families and those young at heart with the thrill of a lifetime with more to come. References Disney may raise pricesfor netflix. 2010. retrieved October 16, 2010 from http://seekingalpha. com/article/186250-disney-may-raise-costs-for-netflix Holson, L. (2005, March 26). Disney Intends To Overhaul Planning Unit. New York Times, p. C2. Retrieved on October 16, 2010, from Apollo online library: EBSCO host database Keown, A. , Martin, J. , Petty, J. , Scott, D. (2005). Financial Management: Principles and Applications, Tenth Edition. Pearson Prentice Hall The Walt Disney Company. (2005). Disney Corporate. Retrieved on October 16, 2010, from http://corporate. disney. go. com database

Disney Strategic Initiative Paper Essays

Wednesday, March 4, 2020

History of the QuichÃƒÂ© Maya - Popol Vuh

History of the QuichÃƒ © Maya - Popol Vuh The Popol Vuh (Council Book or Council Papers) is the most important sacred book of the QuichÃƒ ©; (or Kiche) Maya of the Guatemalan Highlands. The Popol Vuh is an important text for understanding Late Postclassic and Early Colonial Maya religion, myth, and history, but also because it also offers interesting glimpses into Classic Period beliefs. History of the Text The surviving text of the Popol Vuh was not written in Mayan hieroglyphics, but rather is a transliteration into European script written between 1554-1556 by someone said to have been a QuichÃƒ © nobleman. Between 1701-1703, the Spanish friar Francisco Ximenez found that version where he was stationed in Chichicastenango, copied it and translated the document into Spanish. Ximenez translation is currently stored in the Newberry Library of Chicago. There are numerous versions of the Popol Vuh in translations in various languages: the best known in English is that of Mayanist Dennis Tedlock, originally published in 1985; Low et al. (1992) compared the various English versions available in 1992 and remarked that Tedlock immersed himself in the Mayan point of view as much as he could, but by and largely picked prose rather than the poetry of the original. The Content of the Popol Vuh Now it still ripples, now it still murmurs, ripples, it still sighs, still hums and is empty under the sky (from Tedlocks 3rd edition, 1996, describing the primordial world before creation) The Popol Vuh is a narrative of the cosmogony, history, and traditions of the Kiche Maya before the Spanish conquest in 1541. That narrative is presented in three parts. The first part talks about the creation of the world and its first inhabitants; the second, probably the most famous, narrates the story of the Hero Twins, a couple of semi-gods; and the third part is the story of the QuichÃƒ © noble family dynasties. Creation Myth According to the Popol Vuh myth, at the beginning of the world, there were only the two creator gods: Gucumatz and Tepeu. These gods decided to create earth out of the primordial sea. Once the earth was created, the gods populated it with animals, but they soon realized that animals were unable to speak and therefore could not worship them. For this reason, the gods created humans and had the animals role relegated to food for humans. This generation of humans was made out of mud, and so were weak and were soon destroyed. As a third attempt, the gods created men from wood and women from reeds. These people populated the world and procreated, but they soon forgot their gods and were punished with a flood. The few who survived were transformed into monkeys. Finally, the gods decided to mold mankind from maize. This generation, which includes the present human race, is able to worship and nourish the gods. In the narration of the Popol Vuh, the creation of the people of corn is preceded by the story of the Hero Twins. The Hero Twins Story The Hero Twins, Hunahpu, and Xbalanque were the sons of Hun Hunahpu and an underworld goddess named Xquic. According to the myth, Hun Hunahpu and his twin brother Vucub Hunahpu were convinced by the lords of the underworld to play a ball game with them. They were defeated and sacrificed, and the head of Hun Hunahpu was placed on a gourd tree. Xquic escaped from the underworld and was impregnated by the blood dripping from Hun HunahpuÃ¢â‚¬â„¢s head and gave birth to the second generation of hero twins, Hunahpu and Xbalanque. Hunahpu and Xbalanque lived on the earth with their grandmother, the mother of the first Hero Twins, and became great ballplayers. One day, as had happened to their father, they were invited to play a ball game with the Lords of Xibalba, the underworld, but unlike their father, they were not defeated and stood all the tests and tricks posted by the underworld gods. With a final trick, they managed to kill the Xibalba lords and to revive their father and uncle. Hunahpu and Xbalanque then reached the sky where they became the sun and moon, whereas Hun Hunahpu became the god of corn, who emerges every yearÃ‚ from the earth to give life to the people. The Origins of the QuichÃƒ © Dynasties The final part of the Popol Vuh narrates the story of the first people created from corn by the ancestral couple, Gucumatz and Tepeu. Among these were the founders of the QuichÃƒ © noble dynasties. They were able to praise the gods and wandered the world until they reached a mythical place where they could receive the gods into sacred bundles and take them home. The book closes with the list of the QuichÃƒ © lineages up until the 16th century. How Old is the Popol Vuh? Although early scholars believed that the living Maya had no recollection of the Popol Vuh, some groups retain considerable knowledge of the stories, and new data have led most Mayanists to accept that some form of the Popol Vuh has been central to the Maya religion at least since the Maya Late Classic Period. Some scholars such as Prudence Rice have argued for a much older date. Elements of the narrative in the Popol Vuh argues Rice, appear to predate the late Archaic separation of language families and calendars. Further, the tale of the one-legged ophidian supernatural who is associated with rain, lightning, life, and creation is associated with Maya kings and dynastic legitimacy throughout their history. Updated byÃ‚ K. Kris Hirst Sources Dictionary of Archaeology.Carlsen RS, and Prechtel M. 1991. The Flowering of the Dead: An Interpretation of Highland Maya Culture. Man 26(1):23-42.Knapp BL. 1997. The Popol Vuh: Primordial Mother Participates in the Creation. Confluencia 12(2):31-48.Low D, Morley S, Goetz D, Recinos A, xe, Edmonson M, and Tedlock D. 1992. A Comparison of English translations of a Mayan text, the Popol Vuh. Studies in American Indian Literatures 4(2/3):12-34.Miller ME, and Taube K. 1997. An Illustrated Dictionary of The Gods and Symbols of Ancient Mexico and the Maya. London: Thames and Hudson.Paulinyi Z. 2014. The butterfly bird god and his myth at Teotihuacan.Ã‚ Ancient Mesoamerica 25(01):29-48.Rice PM. 2012. Continuities in Maya political rhetoric: Kawiils, katuns, and kennings.Ã‚ Ancient Mesoamerica 23(01):103-114.Sharer RJ. 2006. The Ancient Maya. Stanford, California: Stanford University Press.Tedlock D. 1982. Reading the Popol Vuh over the shoulder of a diviner and finding out whats so funny. Conjunctions 3:176-185. Tedlock D. 1996. The Popol Vuh: Definitive Edition of the Maya Book of the Dawn of Life and the Glories of Gods and Kings. New York: Touchstone.Woodruff JM. 2011. Ma(r)king Popol Vuh.Ã‚ Romance Notes 51(1):97-106.

Monday, February 17, 2020

Media Law Essay Example | Topics and Well Written Essays - 2500 words

Media Law - Essay Example This report provides some insight into the dynamics of these treaties and conventions and explains how they can and will facilitate the expansion of this company into foreign territory. The advancement of modern technology has changed global mobility in such a way that the concept of free and open markets have given rise to a form of Ã¢â‚¬Å"deterretorializationÃ¢â‚¬ .1 The transnational trade regime has been altered by this new age of globalization to the extent that world trade is no longer constrained by borders.2 Treaties and Conventions have been attempting to harmonize international commercial activities.3 Some of these Treaties and Conventions are relevant to this companyÃ¢â‚¬â„¢s plans to expand into foreign territories and will impact upon the employment contracts, contracts for the sale of its products outside of the UK and protection of intellectual property across borders. Expansion into the European Community will not have any real consequences since the UK is already bound by the harmonization that characterizes the UK. The primary goal of the Treaty Establishing the European Community if one of unity and harmony. Article 2 of the Treaty provides as follows: Ã¢â‚¬Å"The Community shall have as its task, by establishing a common market and an economic and monetary union and by implementing common policies Ã¢â‚¬ ¦a harmonious, balanced and sustainable development of economic activities, a high level of employment and of social protection, equality between men and women, sustainable and non-inflationary growth, a high degree of competitiveness and convergence of economic performance, a high level of protection and improvement of the quality of the environment, the raising of the standard of living and quality of life, and economic and social cohesion and solidarity among Member States.Ã¢â‚¬ 4 In accordance with the principles set forth in Article 2 of the Treaty of Rome, Articles 23-31 provides for the free movement of goods within the European

Monday, February 3, 2020

Discuss the use of errors in The Brothers Menaechmus to produce Essay

Discuss the use of errors in The Brothers Menaechmus to produce comedy. Do you agree with Plautus that Mistakes are funny - Essay Example Comedy in The Brothers Menaechmus The comedy that is a part of The Brothers Menaechmus has as its principal source, the errors that the characters that are a part of the play commit. The play revolves around a case of mistaken identity, where identical looks are mistaken for the same identity. The play, through comedy and laughter, forces the readers to rethink their ideas about appearance and reality and the fragile nature of an identity that is based solely on appearances. Plautus tries to redefine the limits that were traditionally assigned to comedy as merely a means of eliciting laughter and tries to take it beyond. However, the play tends to mostly do so through a derisive treatment of the women characters. There is also a subversive element in the play; one that is brought about by the resourcefulness that the slave displays, something that wins him his freedom. The principal error in the play leads to a lot of complications within the plot. It however, allows for the producti on of comedy, as the trope of the mistaken identity creates a lot of situations where the audience shares a certain piece of knowledge with the playwright that the other characters do not. This leads to a situation where the errors are funny. If a situation had to arise where the audience too was in the dark regarding the action in the play, then the play would create situations of suspense.

Sunday, January 26, 2020

The Importance Of Export

The Importance Of Export Export is essential part of the Trade. Among the word export is considered as export led growth hypothesis or theory or assumption for a countries development. Export led growth is very debatable issue around the word and different opinions of economists. Economists strongly beliefs that to measure economy growth is really complex which depends on various factors like trade, capital accumulation (both physical and human), price fluctuation, income distribution and political condition as well as many uncertain characteristics (Emilio 2001). From the last three decades export led growth has been issue of substantial research and empirical examination (Mahadevan 2007). The export led growth is always debated topic in the literature on Trade and development. The relationship between exports and economic growth is one of the main comprehensively investigated issues on the Development and empirical literature. There is argue on whether countries should encourage export sector to gain economic growth climaxed into which is identified as Export- Led Growth (ELG), ELG indicates that countries adopt an external direction tend to achieve superior economic performances (Galimberti 2009). There are lots of different views on like exports as an engine of growth or assume like it as only handmaiden of growth and however others proposes that there is simultaneous relationship between the two (Mohammad Karunaratne 2004). Most of studies concentrate on the relationship between exports and GDP while some of such as focus at relationship between exports and Total Factor Productivity (TFP) growth (Hatemi-J Irandoust 2001), (Hacker Hatemi-J 2003) and (Bernard Jensen 2004) , others such as examined the relationship between exports and labour productivity growth (Kunst Marin 1989), (Marin 1992) and (Thangayelu Rajaguru 2004). At wider level, the focus of the debate is on whether or not a country is better served by orienting trade policies to export promotion or import substitution(Giles Williams 2000) and Export led growth debate is focus on Is a country better processed by pointing export promotion or trade policies or to import substitution(Bhagwati 1988). The theory of neo- classical trade supports that export can contribute to economic growth of the country whereas some argument that the controversies are highly non-rational and there is not firm based from economic theory (Dani 1994), in addition countries empirical evidence such as South Korea, Hong Kong, Singapore, Taiwan, Malaysia, Thailand and China defends the neo-classical arguments (Mohammad Karunaratne 2004). The sensational growth operations of these countries have motivated many to illustrate trade policy as a fundamental component of economic development (Krueger 1998) (Sachs Warner 1995). Consequently, the aim of this study is to examine the export led growth using the one of the developing country. The mainly focus on a single developing country, analysing empirically between the diversification of the export and the economic growth of the country by identifying the countrys export programmes and strengths and weaknesses. Thus, the final purpose of this study is to measure the significance of exports in the developing country how export leads growth of the economy. Globalisation and Export Globalisation concerns to the developing interdependence of countries consequential from the growing international trade, finance, people and ideas in one universal open market. The main factors of this integration are International trade and cross-border investment flows. Economic globalisation is not a new remarkable development. There is not particular definition of globalisation but economists usually use the term to refer to international integration in commodity, capital and labour markets (Bordo, Michael Taylor 2003). There have been two phases of the Globalisation (BALDWIN MARTIN 1999). The first phase started proximately the mid 19th century and declined with the beginning of World War I and the second phase began in the consequences of the World War II and prolongs today. Many economist argue that it begun as early as the second half of the 19th century and decreased with the start of World War I (Taylor 2002),(Kenwood Lougheed 1999). In the both phases of Globalisation the output growth and rapid trade went together with the significant changes in the world economy. There is one precious lesson from the history that globalisation has not been horizontal process. A number of international institutions instituted in the come around of World War II World Bank, International Monetary Fund (IMF), and General Agreement on Tariffs and Trade (GATT), World Trade Organisation (WTO) established in 1995. They all have played a great role in encouraging free trade instead of protectionism. According to Mike Moore as well the past Director General of the World trade Organisation (WTO) Globalisation has joined imperialism, colonialism, capitalism and communism in becoming an all purpose tag, which can be wielded like a club in almost any ideological direction. It is the defining political economic and social phenomenon of the new millennium (Moore 2003, p. 15). There are lots of definitions given by different institutions or organisations like World Bank (Stern 2002, p. 53), Organisation for Economic Co-operation and Development (OCED 2002, p. 20), International Monitory Fund (IMF) (Krueger 2002) and in simple terms globalisation define as international trade and diversification of business one country to another country in terms of human power, commodities or services. According to OCEDs 2006 report one of the important features of the globalisation is reducing the barriers of trades and Foreign Direct Investment is becoming essential factor in the world-wide process of industrial reforming and the growth of authentically global industries.(OECD 2006). Over the last two decades, globalisation has excellent devoted a boost to world trade, has risen one and a halftimes quicker than world output, and the variation has even been noticeable superior in current years as world trade development accelerated very sturdily (Giurgiu 2009). The scope of exports and imports as a ratio of GDP is constantly rising, reason behind that is many countries in the world are giving opportunity to do international trade. Another reason for globalisation is rapidly increase due to free trade, customs unions and other types of co-operation between countries. According to Welfens (1999) defines a examination involving export exposure and import penetration would be considered as example of globalisation and Heckscher purported that export flow are foundation on comparative advantage and economics(Tayeb 2000, p. 15). Every coin has pros and cons same as globalisation is also a debatable issue, there are some positives effects and some are negatives. So at the same time gives benefits and creates new threats to the societies, individuals and economic systems. There are uncertainties that it might aggravate the space between rich and poor, might be within the country or cross the country, making new fears to human safety in terms of financial instability, political, and cultural insecurity and environment deficiency (Martens Raza 2010). In other words, the advantageous, pioneering and dynamic aspects of globalisation are being annoyance, and accordingly some more counteract, by forces that create interference and marginalisation, such as exodus and population growth, the appearance of contagious infections, expanding inequalities in development world-wide, weather fluctuation, an immediate loss of bio-diversity and the shortage and pollution of natural resources (Rennen Martens 2003). Facts and Figure of economy According to the data of the World Trade Report of 2008, after World War II international trade come back with excellent growth which was noticeable with world commodity exports, increased by more than 8 per cent annum in actual 1950-1973 period terms over. Again there was negative impact on the trade growth subsequent reasons, impact of two oil price shocks, internal presser of inflation caused by monetary diversification and inadequate macroeconomic adjustment polices. In 1990s, trade increased because of the partly motivation by advance resolution in the information technology sector. Although in the year 2001 the small retrenchment of trade origin by the dotcom crisis, the year 2000-07 period the average extension of world commodity exports constantly rise with averaging 6 per cent . The whole average from 1950 to2007 period trade extension on averaged by 6.2 per cent which is much solid than the first phase of the globalisation from 1850 t0 1913 (World War I period). After World War II the price of dollar was increased very quickly before World War I the trade insignificant expansion of the past period is more than double as fast as in the former period (9.8 per cent versus 3.8 per cent per annum) (WTO 2008). GDP of the World (all data are in US dollars US) During the financial crises on year 2008 the estimated world GDP was 2.7% while in the year 2009 the GDP rate was (-) 0.7% estimated which is very shocking GDP due to the effect of the financial crises year 2007-2008 and in the year 2010 estimated GDP was 4.7% which is dramatically which indicates good economic growth of the world. There are top ten things which have great contribution in the export sectors 1st position is electrical machinery including computers the export rate is 14.8%, 2nd position mineral fuels including oil, coal, gas and refined products which has second highest rate 14.4%, 3rd position is nuclear reactors, boilers and parts rate is 14.2%, 4th place cars, trucks and buses 8.9%, 5th place is scientific and precision instruments 3.5%, 6th position is plastics 3.4%, 7th place is iron and steel rate 2.7%, 8th is organic chemical 2.6%, 9th place take pharmaceutical products 2.6%, last but not least diamonds, pearls and precious stones 1.9%. These are the main export sector for the world wild and for the integrated diversification in the export sector. This all data are as per world economy report 2011. Export led growth The fundamental relation between economic growth and exports has long been border and central of substantial discussion and debate among the economists, public sectors and trade professionals. On the bases of theoretical approach, there are four probable results (Chen 2007). First result is that export growth is measured to be the main causal of an economic growth in production and employment. It is called Export-led Growth (ELG) hypothesis. ELG growth is categorised in one direction consideration from export to Gross Domestic product. The second result is Growth driven Export hypothesis assumes that an increase in GDP usually direct to representing rise in exports (Bhagwati 1988). There is one direction relationship from output to export for Growth Driven Export. Third and fourth outcomes also very important cant ignorable which two-way direction relationship and neutral relationships between economic growth and exports (Grossman Helpman 1991). In the simple words export lead growth is an economic development strategy which is used by developing country to another country to get comparative advantage. Export and foreign trade play a great role to rise countrys economic growth and development. ELG model or strategy or hypothesis is mainly used for the counties like developing countries and developed countries to generate benefits on each other. According to (Jung Marshall 1985) export led growth is enhanced output, employment and consumption which directs to rise in the demand for a countrys output. There is positive bonding between the exports and economic growth its gained from the foreign markets. In other word can say that export is an engine of growth. According to (Awokuse 2008) , export can grow three ways; first, export development can be a medium for output growth directly as a part of total output. There is demand of domestic products in the foreign market which can reason for economic growth in output through enhancement in the income and employment in the sector of export. Second, export growth can also influence via different ways like large number of utilization ability, distribution of efficient resource, economies of scale development and inspiration of technological perfection because of overseas (foreign markets) competition (Helpman Krugman 1985). With the help of the economies of scale companies or firms or organisations can take advantage on non-export sector which is externally but internally it helpful to whole economy growth. Third, diversification of ex ports provides foreign exchange which is essential for output growth (Esfahani 1991). Following researchers have (Feder 1982), (Ram 1985), (Tyler 1981), (Ukpolo 1994), and (Bodman 1996) the same opinion on the export and economic growth relationship. The models of (EDWARDS 1991) propound integrating positive effects from trade to enlargement are correlated to an significantly near originated by (Lewis 1955) who argue that developing countries have more incorporated technological advantage than rest of the world which does not integrated. There are three main groups which highly interested on the export performance; first is public policy makers, second managers and third is researcher (Sousa et al. 2008) (Katsikeas, Leonidou Morgan 2000) . Public-policy-makers analyse that exporting is approach to collect foreign exchange reserves, rising employment levels, better productivity and in that way increasing wealth of the country (Czinkota 1994). Managers, it is essential because it boosts corporate development and make sure that firm should survive for long term (Samiee Walters 1990) (Terpstra Sarathy 2000). Research has also important role they identifies exporting a challenging and promising theories in international marketing (Zou Stan 1998). There are only two aspect of the export led growth the first is that export led growth can generate profit so that country can balance their finances as well as reduce the long term debts and develop material for the export. The second aspect is that export led growth which is much more debatable issue which increase the export growth which helpful to increase in the GDP of the country. According to (Thirlwal 2000, p. 6) economics theories indicates that two types of benefits from trade liberalization which has subsistence advantage. The two benefits are static gains and second dynamic gains. Static gains can be achieved by the resources reorganisation from lease productive sector to higher sector, directing to specialization. The second dynamic gains involve with international trade, enhancement of investment and quick productivity development based on the economics of scale, leaning by doing effects and the acquiring knowledge regarding overseas, specially throughout foreign direct investment. According to Palley the most of East Asian countries had a number of negative effects due to importance on export lead growth. 1st it prohibited the progress of the domestic market growth. 2nd it indicates that developing countries are race to the bottom because of the regulatory competition among themselves. 3rd it creates conflicts or problems between the developing countries and developed countries. 4th there is affiliation between exports led growth and financial volatility by developing overinvestment booms. 5th because of the importance take placed on global goods and commodity markets, this model has infuriated the long- trend decline in developing countries trade. Last but not least the most import, export led growth has resisted the reliance of developing countries on the developed world, consequently becoming helpless and decline the latters market. Palley also argue that export led growth which is used by the East Asian countries form last decades but its not any longer be st strategy (Palley 2002).