Comparing Business and Econimic Opportunities in India and China Essay

From my perspective, the main factor contributes to the difference in FDI and economic growth in China and India are institutions. There are two kinds of institutions; one is formal institution, including political system, legal system and economic system, another one is informal institution, which consists of culture, business norms and ethics. As for political system in India, which labeled as â€Å"sovereign, socialist, secular, democratic republic.† It is similar to America, it has the federal form of government, its central government is patterned after the British parliamentary system, and several Parties are able to take control of the nation, but the main power to control the country is the central government. Compare with Chinese communist totalitarianism, India is more democratic in terms of the political system. In other, words, it is more easier to set up your own business in India and which may absorb more capital thanks to the democratic political system in India. According to the corruption perceptions index 2012, India got the score of 36, and China got the score of 39, the lower score means the country is highly corrupt in the public sector. Therefore, China is more attractive to foreign investors in terms of the corruption level. As for political risk, thanks to corruption and the departure of several key allies for India, the government has been weakened in India, which make India less attractive for foreign investment to compare with China. As for protecting intellectual property right, the provisions of intellectual property right in India is more comprehensive than Chinese, which ensures foreign companies get an easier access to take control of intellectual property in India. According to the data from Global EDGE, Chinese government provides more protections on labors to compare with India. Which is a good sign for encouraging FDI in China. According to Ease of Paying Taxes Index on Global EDGE website, which ranks the country based on their total tax rate as well as measuring the administrative burden of paying taxes. India ranked 152 and China ranked 122; this indicates that compare with doing business in India, foreign companies may not have much pressure of paying tax for the government in China, which is positive sign for foreign companies to expanded to Chinese to get rid of the high tax rate. As for economic system, both of China and India used to be in the  command economy, but they have reformed their economy system to mixed economy in 1978 and 1991 respectively. From my perspective, the early reform of Chinese economy provides a rapid development of the economy in China, which contributes to the higher GDP compare with India now. The economic growth of India is constrained by the inadequate infrastructure, which may creates obstacles for foreign investment. As for cultures, business norm and ethic, India got a huge number of well-educated people skilled in English skill, which is easier for foreign investors to overcome the languages barriers to compare with China. The religion is a factor which foreign investor has to take into account when they want to enter India. Thanks to different religion groups in India, the core value and the norms are widely differ from different religions, which take time to understand those value and norms when doing business among Indians. According to data from The Hofstede Center, China and India almost had the same score in power distance, collectivist culture, masculinity and uncertainty avoidance, but China is more long-term oriented, the investment is tend to be more long-term projects for instance, the real estate. From my perspective, choosing India to invest is a wise decision, the main reason I recommend the India for foreign investment is that companies may not face as much as competition in India compare with China. There are a huge number of multinational firms in China; it is more difficult to be successful due to the fierce competition in China. As for India, where had a more comprehensive legal system, which can reduce the cost of doing business and improve the security of foreign investment. The democratic society may offer more opportunities for foreign investors as well. The India cannot surpass China within a short period of time because of the inadequate infrastructures; the inadequate infrastructures is the key factor which constraints the economic growth in India. It is capital and time-consuming to build infrastructures within a short period of time.

Confidentiality Notes

Ethical theories and principles that are related to confidentiality are- confidentiality is one of the most basic principles in health care practice and it is the most long-standing ethical dictum in health care codes of ethics. It is the practice of keeping harmful, shameful, or embarrassing patient information within proper bounds. The right to privacy gives legal standing to this ethical principle. ). a reliable test for who among team members should be given certain types of information is need to know basis.It is necessary for one to adequately perform ones specific job responsibilities- meaning that by giving the information does it provide the adequate caring response that is required for the patient) Immediate aims of confidentiality are to: 1. Facilitate the sharing of sensitive information with the goal of helping the patient 2. Exclude unauthorized people from such information 3. Discern need to know information from mere interest when deciding what to share.Confidentialit y serves as one cornerstone for the solid foundation of a trusting health professional-patient relationship that should be built AMA principles of medical ethics states that:- a physician shall respect the rights of patients, of colleagues and of other health professionals and shall safeguard patient confidences within the constrains of the law. This provides a conflict when a physician knows that some secret may be harmful for the patient and yet are bound to keep it.Breaking Confidence- Legal exceptions to the standard of practice that confidences must be kept, except with the patient’s consent or at the patient’s request to break it include * An emergency in which keeping the confidence will harm the patient * Patient is incompetent or incapacitated and a third party needs to be informed for decision making for the patient * Third parties are at a risk for harm (eg. Sexually transmitted diseases, child or other abuses) * Request for commitment or hospitalization of a psychiatrically ill patient * A serious risk that any others may be harmed (a terrorist threat) Eventually breaking of confidence always enlists at least one harm and for health professionals it is to minimize the harm 6 step process in confidentiality situations 1. Step 1- Gather relevant information- 2. Step 2 &3- identify the type of ethical problem and the ethics approach to analyze it 3. Step 4- Explore the practical alternatives 4. Step5- Complete the action 5. Step 6- Evaluate the process and outcomeEthical principles or elements that support confidentiality are * Beneficence * Nonmaleficence or fidelity * Right to autonomy Key character trait is trustworthiness kindness, compassion, and courage to help with the challenging situations. Patient care information systems (PCIS)- is a computerized systems of record of patients that are permanently kept in an electronic form Health information managers- (also known as the gatekeepers of medical records) are key members of the he alth care team.Their primary role is the responsibility for designing and maintaining the system that facilitates the collection, use and dissemination of health and medical information. They ensure that the medical records are correct and kept in privacy and are only given to the health professionals that have the right to see them. They ensure that the records are not abused or released to unauthorized persons. Medical record is an extremely useful document for the health professionals * Can be found both in paper and electronic form They are systematic accounts of a patient’s encounter with a health provider * They serve as a repository of information * Generated by and contributed to by many providers in various health delivery settings * EHR- Electronic health record is an electronic record of patient health information, they often include patient demographics, progress notes, problems, medications, relevant social history, medical history, vital signs, laboratory data a nd diagnostic reports guidelines that are applicable when recording patient information 1. Questionable information should be clearly labeled as questionable 2. True information that is not relevant to should not be recorded 3. All information should be handled among health professionals with regard for the privacy and dignity of patients Confidentiality finally comes down to each professional being vigilant about the flow of patient information, guided by the goal of using information to help the patient.Patient privacy- Health Insurance Portability and Accountability Act (HIPAA) of 1996 * This act imposed considerable new constraints on the use and disclosure of a patient’s personal clinical information * Major goal of HIPAA is to ensure that an individual’s health information is properly protected while allowing the glow of information needed to promote high-quality care * This set of regulations are called the New Federal Medical Privacy Rule- basic intent is to co ntrol the use or disclosure of â€Å"protected health information† * One area that this rule strongly affects is the handling of information for purposes of research.It has also been interpreted to mean that information about patients (including family members) cannot be released * A â€Å"covered entity† is defined as a health plan, data processing company, health care professional, or hospital The Health Information Technology for Economic and Clinical Health Act- * Parts of this act expanded and strengthened the privacy laws that protect patient health information originally outlined under HIPAA. Provides additional provisions regarding privacy and security breaches, reporting of breaches, accounting of disclosures, restrictions of disclosures for sales and marketing purposes, and monetary penalties associates with HIPAA violations.

Market Research Individual Assignment Essay Example | Topics and Well Written Essays - 1000 words

Market Research Individual Assignment - Essay Example This is the reason why market research is being given more and more importance by the business top heads and the specialists who devise such plans to take the business forward. What is required now is a vision to set things right through the different manifestations of the market research and to make sure that this market research will bring positive results for the business in the end. The problems that a business might face at one point in time are very closely aligned with how well its market research has been conducted. This means that the issues which plague it in a number of different divisions are given the significance. This will make sure that the market research comes to the rescue of the people who are concerned with the business domains and settings. If the market research is conducted in a proper manner and used in an adequately sound way, there is no reason why a business should find itself behind the intelligence measures, which are so required in the time and age of t oday. Even though market research is divided into primary and secondary research, the fact of the matter is that both of these remain very pertinent towards gaining an understanding of the business dynamics, as has been evidenced through research and practice. The primary research finds out where the personal observations and direct experiences are made use of within the business enterprise yet the secondary research has more credibility – coming in directly from established sources like books, journals, periodicals, magazines, websites, newspapers and so on. The basic difference between the two is that the primary research is conducted separately for every project that is run within the business settings while the secondary form of research comes with knowledge, time and experience. The manner in which these market research domains can benefit the business is open to a number of perceptions and perspectives. Some believe that it has little scope and if of minimal practice ye t the majority of the people hold the opinion that it is indeed a very essential barometer of finding out where success lies within the business regimes and what more could be done to exploit the very same in the coming times. When the top management wants to go ahead with a particular project or undertaking, it needs to make sure that it has covered itself in a number of different ways, most significantly through both primary and secondary research bases. In essence, the role of the top management is of dire consequence to the overall success or the complete lack thereof of the business domains. If this is ensured, many tasks would be completed in an easy going way (Douglas, 2000). The top management needs to know what mistakes it is making in the wake of the market research initiatives which remain important, and if these are not taken in proper accordance, then there could be serious repercussions for one and all within the realms of an organization. The various types of data tha t are made use of within an organization comprise of its understanding as to how and where this data will actually be made use of. What this suggests is the fact that such data measures are handled differently by the varied departments within a business enterprise and are looked after well by the ones who are most closely associated with the same. Certain data is geared to suit the needs of the stakeholders while other is related with what the

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Accounting (walmart) slp module 3 - Essay Example Amounts are in million. EBIT (earnings before interest and taxes); TCE (total capital employed). As could be realized, ROCE is impacted by capital turnover (sales/TCE) and operating profitability (EBIT/sales) which all settles down to ROCE being (EBIT/TCE). Thus, Wal-Mart took decisions which impacted their, capital turnover, making it to decrease every year, from 3.2 in 2004 to 2.84 in 2008. As for her operating profitability of sales, an increase was realized between 2004 and 2005, (5.81% to 6.08%) but it started declining in 2006 (6.0%) and in 2007 and 2008 it was 5.88% and 5.81% respectively. With this trend of events, Wal-Mart’s ROCE kept on declining as she employed more capital. Thus, the question now to answer is; due to the cost decisions taken in Wal-Mart, is her financial health improving or failing? Inventory rose every year but thanks to rising sales between 2004 to 2007, inventories appears to be under control. But this was not the case in 2008 whereby inventory increased with sales declining. But, how many times a year did Wal-Mart sell out her inventory? Here, Wal-Mart had a promising trend as the number keeps on increasing. Account receivables grew 61.7% between 2004 and 2008, which was faster than sales which only grew 31.7% between 2004 and 2008. Thus, money owed to Wal-Mart was increasing faster which was not a decision as her working capital is impacted

Cell Chemistry (mod 2 SLP) Essay Example | Topics and Well Written Essays - 750 words

Cell Chemistry (mod 2 SLP) - Essay Example The natural heat and intense pressure of the earth act on the mass and bacteria convert the matter into precursor substances for the formation of hydrocarbons. The hydrocarbons migrate to the surface through permeable rock layers or get trapped in impermeable rock membranes (Simanzhenkov, 2003, pp. 14-16). Autotrophs are organisms that can make their own food from the available substances through photosynthesis or chemosynthesis while Heterotrophs are organisms that cannot make their own food and thus depend on other organisms including plants and animals for food. Examples of Autotrophs are algae, plants and certain bacteria. Examples of Hetetrophs include omnivores, carnivores and herbivores. Both photosynthetic autotrophs and chemosynthetic autotrophs organisms produce their own food from the surrounding substances. Photosynthetic autotrophs also known as phototrophs make their own food by using light energy to convert organic compounds to food. Chemosynthetic autotrophs also known as chemotrophs make their own food by using light energy to oxidize compounds such as Hydrogen sulphide. The first photosynthetic pathway, photophosphorylation, uses light energy to produce ATP and reduction electron carrier, NADPH+ H+. Nitrogen fixation reduces atmospheric nitrogen into ammonia. Both photophosphorylation and nitrogen fixation are reduction pathways. The Nitrification process is an oxidation pathway that produces nitrate from the oxidation of ammonia and the second photosynthetic pathway, Calvin-Benson cycle is also an oxidation process uses energy from NADPH+, H+, ATP and carbon dioxide to produce carbohydrates. Bioassay is a test used to measure the effects of a substance to living things. The procedures determine purity concentration and biological activity of substances. The scientists used a bioassay in the study since assays are acute

Reflection about Management and Organizational Behavior Term Paper

Reflection about Management and Organizational Behavior - Term Paper Example However, effective leadership also depends upon how leaders mend their approaches to suit the characteristics of their followers. Drawing different leadership-related teachings from literature, the most applicable leadership to the situation at Buddy Delight will be identified and evaluated for its effectiveness and applicability. Buddy Delight, a fast food restaurant at the far end of the high street market in Brookshire, Colorado had to close its 5-year old business shortly after the sudden demise of its previous owner. Just before his death, the owner had expanded Buddy Delight to two more floors of the building; and had hired few employees. The owner’s son took over the business after his father’s demise, and brought about many changes, one of which included appointing a new manager in the restaurant section. During earlier years, all business related activities were managed by the owner, the sole manager of the restaurant. However, increasing number of customers and business resulted in high workload as a result of which the new owner decided to bring in more people to manage the business. New employees were hired again at various positions including managerial and reception, operations and for customer service activities. Dissatisfaction, frustration and low performance surfaced in the ope rations team within few weeks after they welcomed their new manager along with two new chefs in their team. The new manager was highly qualified management graduate and possessed years of managerial experience in the marketing division. He had the ability to command and get the tasks accomplished. The manager was young, energetic and highly innovative, which could have been the reasons that had pleased the owner’s son to hire the manager. This team comprised of 12 employees including 4 chefs and eight waiters that were responsible for working in the main restaurant section that was directly involved in preparing food items as per

Uberrimae Fides in Marine Insurance Essay Example | Topics and Well Written Essays - 1500 words

Uberrimae Fides in Marine Insurance - Essay Example This has left the concerned authorities to critically analyze the nature, history, application and scope of Uberrima Fides in Marine Insurance. In broader terms Uberrima Fides is used to disclose all the material that is to be traded through marines. For instance, as per this law both the parties i.e. issuer and receiver has to mention all the peculiar details to the insurer in order to certify that the traded material does not violate any of the marine insurance laws. Furthermore, there is full duty to the facts and figures of the disclosed material because majority of the information about enclosed material is kept hidden by the two parties. However, under this law they are obliged to mention each and every detail of the materials enclosed3. A lot of goods including machines, plants, household or commercial products are transported either by land, sea or air4. This merchandize incurs some transportation cost commonly known as fright charges and the law which covers all the indemnit y or destruction of cargo is the Marine Insurance. The Marine Insurance companies either operating privately or in association with the government agencies have to make certain that the goods they are transporting are not violating the rules and regulations of the marine transportation through any means5. For this purpose they make use of Uberrima Fides in order to seek details of the disclosed material from the applicants of marine insurance. Though it seems very simple to mention details about the disclosed material from the insurer’s point of view, yet it is a very complex and highly law governing procedure which needs to be done under the obligations set by Uberrimae Fides6. The duty of Uberrima Fides in Marine Insurance The Duty of Uberrimae Fides in Marine Insurance was created hundreds of years back by the British Marine Forces in order to keep check and ascertain the insurance of transported material through marines. As per the Marine Law, vestigial insurance is used so as to define Uberrimae Fides7. Since insuring the risk of damage and destruction during the cargo transportation is a crucial matter and involves high level of complexities therefore historically Uberrima Fides were used to insure that highest standards of Good Faith are maintained between both the parties. Moreover, on the economic grounds Uberrimae Fides provides protection to the insurers through which they are no longer in danger due to insuring some poor or damageable material8. For instance, when centuries ago British Marines were used to allow transportation of goods through sea there was no law to certify the risks of damage and the associated agencies were forced to rely upon the information provided by the issuer of goods. Hence, if during the sail some damages occurred then insurer had to compensate those damages. Therefore it was found necessary to make laws in order to obtain peculiar information related to the goods to be transported9. Nature of Uberrima Fides The n ature of Uberrimae fides is of pre contractual duty. It is an obligatory procedure by which both the parties have to make certain that the good they are issuing or receiving through marine transportation will not incur unnecessary damages and compensations to the marine insurance companies10. Uberrimae Fides is functioned somewhat in the same way as the misrepresentation is operated in fraudulent

Soft system Methodology Essay Example | Topics and Well Written Essays - 2000 words

Soft system Methodology - Essay Example Compare to hard problems soft problem are difficult to define. Feasibility study is an important phase in the software development process. It enables the developer to have an assessment of the product being developed. It refers to the feasibility study of the product in terms of outcomes of the product, operational use and technical support required for implementing it. Economic Feasibility: It refers to the benefits or outcomes. We are deriving from the product as compared to the total cost we are spending for developing the product. If the benefits are more or less the same as the older system, then it is not feasible to develop the product. In the present system, the development of the new product greatly enhance the accuracy of the system and cuts short the delay in the processing of Birth and Death application. The errors can be greatly reduced and at the same time providing great level of security. Hence, we do not need any additional equipment except memory of required capacity. Operational Feasibility: It refers to the feasibility of the product to be operational. Some products may work very well at design and implementation but may fall in the real time environment. It includes the study of additional human resources required and their technical expertise. Technical Feasibility: It refers to whether the software that is... Technical Feasibility: It refers to whether the software that is available in the market fully supports the present application. It studies the pros and cons of using particular software for the development and it's feasibility. It also studies the additional training need to be given to the people to make the application work. Implementation Plan The main plan for the system developed is to upgrading and existing system to proposed system. There are mainly 4 methods of upgrading the existing system to the proposed Parallel Run System Direct Cut-Over Method Pilot System Phase-in Method Parallel Run System: It is most secure method of converting from an existing to anew system. In this approach, both the systems are run in parallel for a specific period of time. During the period of if any serious problems were identified while using the new system, the new system is dropped and the older system is taken at the start point again. Direct Cut-Over Method: In this approach, the existing system is converted to the new system abruptly, some times over a weekend or even overnight. The old system is used until a planed conversion day. There exist no parallel activities. Pilot Method: In this approach, a working version of the system is implemented in one art of the organization such as a single work area or department. When the system is deemed complete it is installed through out the organization either all at once (direct cut-over) or gradually (phase-in). Phase-in Method: In this method, a part of the system is first implemented and over time, other remaining parts are implemented. SYSTEM ANALYSIS Analysis is the detailed study of the various operations performed by a system and their relationships within and outside of the system. A key question is:

Letter to Friend Congratulating on Sucess Essay Example for Free

Letter to Friend Congratulating on Sucess Essay It gives me great pleasure that you have topped the list of successful candidates in the Board Examination. It is all the more delightful to learn that you have secured distinction in all the subjects and in Mathematics you have secured 99% marks. Your grand success is a matter of pride for your family, friends, teachers and our school as well. It is, in fact, the result of your hard work and dedication, sacrifice and concentration. You have been very consistent all along your studies. You never ignored your studies. It has paid well now. Indeed, it is a moment of celebration particularly for your parents who have been very careful for all your needs and comforts. This success has opened up the door to various opportunities for your career. You can get admission in any of the good colleges in India. A bright future awaits you. Your bright success has secured your career. Again my heartiest congratulations on the happy occasion I am confident you will maintain this performance in future. Keep upthespiritand be careful to your health and performance. We will met soon to have a treat. With lots of good wishes for a bright future. Yours sincerely, Rishika My Dear Pramod, I am glad to see your result in today’s Rakasthan Patrika. Your outstanding performance in the RAS examination has secured you a good rank. I conveyed this happy news to my father who was sitting beside me. He too was overjoyed. I thank god for his kindness and wish you a bright future. You have been intelligent and diligent in your school and college days. Certainly, your success is due to god’s grace as well as your hard work and timely guidance of your respected parents. Keep it up! You will be of great asset to your family and more over to this nation. Please guide your sister also to overcome her IAS examinations which are due in November. Please convey my respectful compliments to your parents. Again, congratulations to you! Yours sincerely, Raj Kumar

Internet gambling Essay Example for Free

Internet gambling Essay This document will inform you about the history of internet gambling, the existing issues, and a number of concerns involved with online gambling. Prior to the launching of the World Wide Web in 1993 which changed the setting of gambling, people had to travel great distances to gamble. The worlds first virtual online casino, Internet Casinos, Inc. (ICI) commenced operation on August 18, 1995 with 18 different casino games. Most of these online gambling companies are located outside of the U. S.to avoid government prosecution. ICI operates out of the Turks and Caicos Islands (Kish, 1999). One of the main reasons internet gambling started was because of costs. The value to start up an internet gambling site is around 1. 5 million dollars, which is half of what it costs to actually construct a casino. ICI estimates that the company averages about a twenty four percent profit margin, versus the typical United States casino, which ranges from eight percent to sixteen percent of each dollar wagered (Kish, 1999). An estimated twenty million people are currently online with a projected 160 million online by the year 2020. The overall market for online gambling is estimated to be approximately $49 billion worldwide (Kish, 1999). The history of internet gambling is only a decade old, however, its history will hold on for several more. There are several existing issues facing internet gambling. The first issues we will discuss are how to regulate internet gambling. The question raised by the emergence of Internet gambling is whether old lawsbased mainly on a world of atomsare still viable, and if not, in which way the Internet should be regulated (Walther, 2000). Some scholars believe that internet gambling needs to be regulated, and of course there are those that say let the owners of the sites regulate themselves. Regulatory procedures can be targeted at either or both of the providers and the consumers of gambling services. In the case of consumers, regulation is usually implemented by age, through prohibition of the participation of minors. Procedures might also be contrived to prohibit problem gamblers or undischarged bankrupts from engaging in gambling (Clarke, 2000). Another existing problem with internet gambling is The Wire Act which was intended to assist the states, territories and possessions of the United States, as well as the District of Columbia, in enforcing their respective laws on gambling and bookmaking and to suppress organized gambling activities. Subsection (a) of the Wire Act, a criminal provision, provides: Whoever being engaged in the business of betting or wagering knowingly uses a wire communication facility for the transmission in interstate or foreign commerce of bets or wagers or information assisting in the placing of bets or wagers on any sporting event or contest, or for the transmission of a wire communication which entitles the recipient to receive money or credit as a result of bets or wagers, or for information assisting in the placing of bets or wagers, shall be fined under this title or imprisoned not more than two years, or both (Rodefer, 2003). During the House of Representatives debate on the bill, Congressman Emanuel Celler, Chairman of the House Judiciary Committee stated [t]his bill only gets after the bookmaker, the gambler who makes it his business to take bets or to lay off bets. . . It does not go after the causal gambler who bets $2 on a race (Rodefer, 2003). What the government is having a problem with is that most internet gambling sites are run ran in foreign countries, and they cannot enforce this act against them. What they are trying to do is change the act to include these third parties. An example of this is the introduction of the Internet Gambling Prohibition Act of 1997 (Walther, 2000). The bill would have prohibited Internet gambling by extending the Wire Acts prohibitions on traditional forms of gambling by phone or wire to the Internet (Walther, 2000). This amendment would provide penalties for online bets and wagers. This so far seems to be the best solution, however ethical and moral dilemmas still rest in the hands of our lawmakers today. The next issue facing internet gambling is taxes. This seems to be the governments biggest issue. This is because of the billions of dollars we mentioned for profit by these online sites, government can gain significant amount of money from it. The legalization of Internet gambling may cause states to lose some revenue generated from legalized gambling operations because many gamblers would spend their money online (Lassani, 1998). Moreover, states lose revenue by not being able to tax gamblers who win over the Internet. Gamblers who win over the Internet have an incentive not to pay taxes on their winnings because the Internal Revenue Service (IRS) lacks the resources to track online gamblers (Lassani, 1998). The likelihood of addiction to Internet gambling among both children and adults is an extremely important concern. In relation to addiction, children are more likely to become addicted to something new than adults (Smith, 2004). For example, the video game-like nature of virtual casinos, labeled the crack cocaine of gambling, could make online gambling a temptation difficult to resist. Furthermore, the fact that the Internet gambler need not leave the comfort and privacy of his or her home could mean that an individual might become easily addicted. This is the worst thing about internet gambling, because there will not be anyone to detect if a person is addicted or not. Consequently the only aid they will get is their selves, and that leaves the player defenseless against the dependence of gambling. Having to go to the casino to gamble has better chances of knowing who is addicted and who is not, they have hired hands to detect this problem, unlike the home atmosphere. Kevin ONeill, Deputy Director of New Jerseys Council on Compulsive Gambling says The real threat comes from the isolation and secrecy of the betting activity itself. I call this threat the cave syndrome due to the gamblers isolated behavior and hidden activity (Wharry, 2001). In closing the short lived World Wide Web as created pandemonium with our lawmakers. The dilemma of how everyone interprets the Wire Act is a major concern. The efforts to amend it to make all users liable for using the websites are tiresome, and stopping foreigners from creating internet gambling sites seems never-ending since the United States cannot control them. In just over a decade there are over twenty million users, expected to increase to 160 million in the next 14 years. Its revenue is over 49 billion dollars and increasing. There are more profit margins with online gambling than the traditional casino. The cost to create a gambling web is 1. 5 million dollars compared to the 300 million to build a casino, this creates profit and increases attendance because of its trouble-free access. One important concern with internet gambling is addiction. Children are easily addicted to new things than adults and it will make it harder to control and detect gambling addiction. Internet gambling is a good creation for those people who can control themselves, but for those who cannot have a greater chance to end up bankrupt. Thus we can see from this example alone, why lawmakers are having such problems to secure the problem, do they let it carry on or let people put themselves in jeopardy of losing everything. Michael Bolcerek the President of The Poker Group said, Its a personal liberty issue with regard to how you spend your money and what you see over the Internet(Roth, 2006). References: Clarke, R. (2000, December). The feasibility of regulating gambling on the internet . Retrieved May 5, 2006, from Regulations of internet gambling Web site: http://www. anu. edu. au/people/Roger. Clarke/II/FeasIGR. html Kish, S. (1999). An analysis of the governments role in addressing internet gambling. Betting on the Net, 51(no 2), 449-6. Lessani, A.M. (1998, May). How much do you want to bet that the internet gambling prohibition act of 1997 is not the most effective way to tackle the problems of online gambling. Retrieved May 4, 2006, from The Internet Gambling Prohibition Act: An Analysis Web site: http://www. gseis. ucla. edu/iclp/alessani. html Rodefer, J. (2003). Federal wire wager act. Retrieved May 5, 2006, from Gambling-Law- US. com Web site: http://www. gambling-law-us. com/Federal-Laws/wire-act. htm Roth, B. (2006, April 25). Foes try to squelch online gambling. Knight Ridder Tribune Business News, [1]. Smith, A. (2004). Controversial and emerging issues associates with eybergambling (e-casinos). Online Information Review. 28(6), 435-443. Walther, F. M. (2000). A comparative u. s. -swiss perspective. Retrieved May 5, 2006, from Internet Gambling Related Regulatory Questions and Enforcement Problems Web site: http://stlr. stanford. edu/STLR/Events/gambling/contents_f. html#note5 Wharry, S. (2001). E-Gambling threat worries addiction experts. You Bet Your Life, 165,325.