GCC central Bank Assignment Example | Topics and Well Written Essays - 1500 words

GCC central Bank - Assignment Example The objectives of the Central bank and the proposed functions of the Central Bank in GCC have been proposed to uphold the best interest of the Gulf economy. Introduction The banking industry of Gulf Cooperation Council is based on then six main GCC countries- Saudi Arabia, Kuwait, Bahrain, Oman, Qatar and the United Arab Emirates. The GCC central bank is likely to face new opportunities and challenges as the Gulf countries experience major changes in the economic and demographic sectors. The banking industry in the Gulf countries is majorly evolving with the market being majorly transformed and driven by consumer demands. A major shift is noted in the industry creating a diverse customer base for the banks which will include an increasing number of women and youth. The central bank should shift to more customer centric approach to create value for the customers and implement a model which provides a higher level of service for the customers. The global banking industry encourages the banks in GCC to achieve high performance levels by implementing new strategies like: Capturing the growth opportunity in the changing regulatory environment, strengthening the existing distribution network and creating new distribution networks using up to date technologies, develop and nurture talent to retain good talent within the organizations, use customer analytics based in predictive analysis models and streamline the operating model with the strategic objectives of the organization. The GCC central banks are likely to gain more by focusing on the retail segments and strengthening their distribution networks. In the light of globalization, it is critical for the GCC banks to re-evaluate their operating models so as to ensure sustainable profitability and increasing operational performance. Discussion Recommended Structure of the Central Bank for GCC The structure of the Central bank for GCC should be based on a more market oriented approach than an organization oriented appr oach. There exists a high degree of concentration in the GCC baking industry and there are strict restrictions on the entry of foreign banks in the GCC market. The banking system prevalent in GCC vary based on the size and operations of the banks (Berger, 1995, p.444). Also, the operating environment for commercial banks and Islamic banks is different due to different financial and institutional conditions prevailing in the area. The major structural factors that drive the prospects of development of the GCC bank are the increasing competitiveness in the domestic banking markets, efficient corporate debt markets, use of compliant financing as an important strategy, efficient local equity markets, increasing investments from private institutions and increased use of derivatives and other financial instruments. The structure of the GCC central bank should be heterogeneous based on banking, equity and debt. As the industry is largely concentrated, a greater control on the banking asset s is required by the GCC central bank. The bank has to formulate policies with reference to the fact that the liquidity factors the lending rates are majorly influenced by the oil prices (Rousseau, 1998, p.1162). The banking institution should be primarily dominated by

Analysis of Freire's educational theory Essay Example | Topics and Well Written Essays - 1250 words

Analysis of Freire's educational theory - Essay Example In this case, the teacher fails to recognize the cognitive ability of students instead transforming them into passive learners. He writes that education suffers from narration sickness because teachers talk about the realities as if they were predictable and motionless. Teachers fill the students’ minds with the content that is outside reality thus shifting the focus of education to sonority of words instead of the transformation power. He argues that students mechanically memorize content while their teacher is the narrator of it. My current educational system is related to John Dewey’s educational theory that suggests dialogue between the learner and the instructor. This factor changes education theme and makes it an act of depositing. According to his theory, this system introduces the banking concept of education whereby knowledge is a gift that the knowledgeable bestow upon those that they consider unknowledgeable. He compares the alienation that results from the t eacher-student relationship to the slaves found within Higelian dialectic; and the students never get to discover that they also educate the teacher (Piere 73). My educational system which relates to John Dewey allows interaction with the nature through experimentation and research. The dialectic or libertarian education, as he writes, lays its drive towards the reconciliation of the poles of contradiction to ensure that both parties are simultaneously teachers and students. My educational system undergoes constant evaluation process, which aims at providing the learner with corrective measures. This type of education creates dialogue between the teacher and the student such that they are able to learn from each other and benefit. He adds that such a solution is impossible with the banking concept which tends to maintain and even stimulate such a contradiction through attitudes like those that the teacher teaches, and the students taught, or the teacher is the subject of any learnin g exercise while the students remain to be objects (Piere 75). He argues that the banking education’s capability to have the creative power of students annulled or minimized then stimulates their credulity which serves the oppressor’s interest. The oppressors utilize their humanitarianism in some profitable situation. He adds that the oppressors have an interest of having the consciousness of the oppressed changed. He mentions the oppressed as those that live just within the society and according to it. He writes that all who use the banking approach do not perceive that some contradiction about reality already exists within the deposits - a factor that may lead the students to domesticate reality later. Freire writes that something implicit within the banking concept is its assumption of the existence of some dichotomy between the human kind and the world, a concept that views an individual to be a mere spectator (Piere 78). The view does also not make any distinction between access to consciousness and entrance to consciousness. He writes that the banking concept creates a distinction between the two stages of an educator’s action. Freire’s education theory is gender insensitive. It considers males as beings who are manageable and able to adapt as compared to females who do not possess these characteristics. The oppressors, according to Freire, are concerned with banking information to student’s minds making them passive learners. The outcome of what they learn is transformed into