Cause, effect and lessons learnt from the asian financial crises Research Paper

Cause, effect and lessons learnt from the asian financial crises - Research Paper Example In addition, the crisis brought doubts on the International Monetary Fund’s (IMF) approach in its efforts to dealing with financial imbalances within the private financial markets. It is also clear that the financial crisis can be attributed to panic of local and foreign investors and its role in enhancing the situation (Noble and Ravenhill 2). The Asian economies were at the height of success due to their fast growth and immense gains on the living standards their populations enjoyed. They were basically experiencing sensible fiscal polies and even high rates in private saving which was enticing to the world. There was no prediction that these countries would ultimately fall suddenly into a deep financial crisis in the post war era. Many questions were raised by economists on the causes of the crisis and whether or not they became victims of their own accomplishment. The abundance success may be one of the reasons that also led to their down fall but it also shows that struct ural and policy misrepresentations among the countries in this region played a role in the crisis. The 1997 financial crisis is therefore, a combination of many factors including market over response, which led to a drop in exchange rates, property prices, and economic stability (Noble and Ravenhill 2). Causes of the Asian Financial Crisis The financial crisis in East Asian countries began immediately after the huge high savings and vigorous growth they enjoyed. Since the 1980s, this fast growth was followed by high increment in asset values, increasing property and stock prices, and even in some instances a growth in temporary borrowing from oversees. In the mid-1990s, a tremendous emergence of external shocks specifically the devaluation of major currencies largely impacted export returns. This meant a decline in economic growth as property prices increased in most Asian economies. The devaluation of the currencies begun in Thailand after the decline of the Thai Bhat and this made investors to lose confidence in the Asian markets. The events in Thailand forced many investors to reassess their lending and evaluate the robustness of the region’s currency. This led to a huge wave of currency depreciations while stock, asset and market fell starting with Southeast Asian and then followed closely by the entire region. The year that followed the devaluation of the currency, most of the affected currencies fell as low as 35% to 83% against the United States dollar. There were even records of serious fallout as big as 40% to 60% decline against the U.S. dollar and the Asian financial crisis became a reality (Noble and Ravenhill 2). In Southeast Asia, there was record of capital inflows in the major East Asian upcoming economies that grew from 150 billion U.S dollars in the 1980s to 320 billion U.S dollars in the early 1990s. Private companies were doing excessive borrowing form the foreign capital economies mostly for short-term needs instead of looking for l ong-term earnings for productive security. The main capital inflows were meant for bank loans and even direct immediate foreign investments (Matsumoto 4). The huge capital flows resulted in increase in prices especially for non-tradable goods while the abundant foreign investment caused the currency to appreciate but decreased

The Importance of Performance Related Pay in Motivating Employees Research Proposal

The Importance of Performance Related Pay in Motivating Employees - Research Proposal Example There has been several studies on the same topic; however, the findings are varied. Nonetheless, most of the researches that investigated the same area revealed that in longer run performance-related pay (PRP) is not motivating for the employees (Boachie-Mensah and Dogbe, 2011; Forest, 2008; Marsden et al., 2000; Perry et al, 2009). The researches quoted the reason for demotivating effects of PRP as biased appraisal systems and its effects on employees who are not benefited from PRP techniques. These findings are accomplished by several researchers but PRP is still in practice which indicates that there must be something behind this technique that motivates employers to use it in their organisations. These differences in theory and practice indicate a need to link PRP techniques for employee motivation with entire compensation system (practises) to ensure its positive effects are realised. The underpinning issue identified by this study is that how PRP can be integrated into the compensation system in a way that it works as a motivational tool for the workforce. The findings from other research studies that guide the stance of this study are stated below; Based on these findings it cannot be said directly that PRP is not motivating but it can be said that fair appraisal systems may help motivate employees and encourage them to achieve the set standard. This study explores how the issues identified by the research in PRP can be tackled and how it can be used as a strong motivation tool. The guiding statement for this research is that PRP is motivating however there should be elements that needs to be integrated if performance related pay is to be used as a motivational tool. Now the question is what elements can make PRP motivational for employees. Perry et al (2009) suggested that in order to make PRP work, it is important to focus on robust

Whether the assumption that Stokes made would affect the Article

Whether the assumption that Stokes made would affect the Incompressible fluid equations - Article Example This volume is known as the control volume. The equation is applied on a number of fluids. These are the Compressible Newtonian fluids, incompressible Newtonian fluids and Non-Newtonian fluids (Gresho 414). These equations are the benchmark for viscous fluids and are derived by relating the Law of Motion by Newton to a fluid. It is important to note the aspects of the Compressible, Incompressible, and Non-Newtonian fluids. The definition of compressibility is important in understanding what compressible fluids are. Compressibility refers to the decline in volume of the fluid because of outside forces exerted on it. It is imperative to note that, there are three basic assumptions that guide the application of these derivative functions to a number of fluids. The derivative function is shown below Application of the above assumptions will lead to a generic equation that has a number of elements. Important elements to note are two distinct proportionality constants that categorically denote that stress is determined linearly by stress rates. These constants are viscosity and the second coefficient of viscosity. The value of the second coefficient of viscosity generates a viscous stimulus that leads to volume change. However, the value is hard to ascertain in compressible fluids and is habitually negligible. It is stipulated that almost all fluids can be compressible to a certain extent. That is, variations in temperature and/or pressure will lead to variations in density. The influence of outside pressure will force a compressible fluid to diminish its volume. In this regard, the numerical extent of compressibility is denoted as the relative variation in volume of the fluid due to change in pressure. Gases are greatly compressible as opposed to fluids. There are two types of c ompressibility. Adiabatic compressibility refers to

Contemporary Canadian Business Law Essay Example for Free

Contemporary Canadian Business Law Essay A minor named Alice entered into a contract with Silver Flatware Ltd. for purchasing silverware on a long-term credit contract. The goods was delivered but the payment was not yet been fully made by Alice. Before she attain the age of majority, Alice repudiated the contract and refused to return the silverware. The company demanded a return of the silverware and refused to refund. The company sued Alice for the balance of purchase price. The legal issues in this case are whether Alice has the legal capacity to the contract and whether Alice has the right to repudiate the contract. If the second question is answered affirmative, what the effect of repudiation will occur in this case? Should Alice return the silverware and should she be liable to the lost of teaspoons? Finally, should the Silver Flatware Ltd. Refund the money had been paid by Alice? The plaintiff’s argument would be that the defendant must return the goods if she wants to repudiate the contract. The lost of teaspoons should be counted as damage to the goods and the plaintiff is entitled to recover the loss by charging compensation from the defendant. The defendant’s argument would be that she has the right to repudiate the contract since she was a minor while entering into the contract and she repudiated the contract before her attaining of the age of majority. The defendant has the option to repudiate the contract because the contract has not been fully performed and it was signed for purchasing non-necessary goods. The defendant was entitled to a return of the payment as she was a minor at the time she entered into the contract. The defendant was not liable to the lost of teaspoons since it was not a direct result of the minor’s deliberate act and it was not recoverable by the merchant. In my opinion, the probable decision of the court would be that the defendant must return the goods and the plaintiff must refund all the monies paid by the defendant. The defendant must return the goods before the plaintiff is obliged to return the monies paid. The defendant is not liable to the lost parts of the goods. The reasons for the probable decisions are as follows. Firstly, public policy dictates that minors should not be bound by their promises. The defendant did not have the legal capacity to a contract since she entered into the contract and repudiated the contract before her attaining of the age of majority. Secondly, the contract has not been fully performed as the defendant has not made full payment of the goods, so the contract is voidable at the defendant’s option. Thirdly, the goods purchased was a non-necessary goods since the silverwork is commonly considered as luxury but not necessary. Therefore, the plaintiff is not liable on such contract. According to the reasons stated above, the defendant who is a minor has the right to repudiate the contract at any time and at her option, for the reason of the contract has not been fully performed and it was for purchasing non-necessary goods. Additionally, once the contract has been repudiated, the minor is entitled to a return of any deposit paid to the adult contractor. Since the minor has purchased the goods on credit and taken delivery, the minor must return the goods before the merchant is obliged to return any monies paid. Finally, the loss of loosing teaspoons is not recoverable by the merchant because there is no evidence provided to proof that the loss is a direct result of the minor’s deliberate act.

The Price of Objectivity :: essays research papers

The Price of Objectivity   Ã‚  Ã‚  Ã‚  Ã‚  The Sun Also Rises by Ernest Hemingway is one of the pre-eminent works of modernist literature. It set the tone for the several decades of literature that was to follow. It delves deeply into the 'lost generation' that was created after the first wold war. A generation that lost any idealism that their predecessors had. A generation that lost any emotional attachment to the world around them. This is a trait that is predominant throughout Hemingway's novel as the narrator, Jake Barnes, remains clinically detached from the events that transpire around him.   Ã‚  Ã‚  Ã‚  Ã‚  Jake was an ambulance driver in the first world war and as with many of his peers, his experiences left him with a severe emotional disillusionment with the world as a whole. Not to mention the lack of functioning genitalia which certainly didn't help him identify positively with the world. Essentially, if it didn't involve Jake, he couldn't care less. For example, Jake watches a man get gored through the back by a stampeding bull and die, then waits for the rocket to go off signaling that the bulls were coralled and then simply walks off. He doesn't concern himself with the health of the (then) wounded man, he doesn't contemplate whether the running of the bulls was a worthwhile risk in the name of fun and games. He simply watches, then leaves without the slightest tint of subjectivity to his narrative. He remains perfectly objective, simply a watcher in the grand scheme of life.   Ã‚  Ã‚  Ã‚  Ã‚  And what does Jake watch exactly? He watches as everything goes around in circles, always ending up in the same place as it started. The group as a whole heads out drinking, only to wake up the next morning to repeat the process with nothing changed. Brett, although engaged to a man who loves her, is hopelessly in love with Jake. Jake is forced to watch as she passes along from Mike, to Cohn, to Romero and then back to Mike before finally ending up right back where she started with Jake. Jake watches as every event he witness returns full circle. A cycle that the title, 'The Sun Also Rises', refers to. Just like the sun also rises only to hasten to the place where it arose, so do the events of the characters in the book, giving off the image that life is futile and nothing ever gets accomplished.

Economic Development Models Essay

Different economic development models have been the product of theorizing from various economic and political contexts. With regards to underdevelopment, the dependency model was chosen for discussion in this paper because the model itself was developed from the experience of underdeveloped countries. The experiences of the Philippines and Venezuela were selected for comparison and contrast because of their relationship to one developed country – the United States where the former is a loyal ally and the latter is presently an ally turned critique. The Dependency Model The Dependency Model as a theory of economic development is based on the premise that in the world today, there exists an unequal relationship between satellite and metropolitan countries. This relationship is based on the evolution of an international division of labor under the world capitalist system which dictates that the role of underdeveloped satellite countries is to provide cheap raw materials and labor necessary for industries in the metropolitan or capitalist countries (Todaro 2006: 25). This is based on the assumption that economic and political dominance is held by capitalist countries and leads to the phenomena of neo-colonization that is the existence of dummy governments subservient to the economic interests of developed countries. Dummy governments are perpetuated by an elite class whose economic interests lie in the raw material export-finished products import orientation of domestic economy and whose political interests lie in protecting these class interests (Perkins, Radelet and Lindauer 2006:24). Some Marxist-leaning dependency theorists attribute these relationships to the occurrence of the crisis of overproduction evident in imperialism where the economic survival of metropolitan states largely depends on the additional role of satellites as markets for finished products (Perkins, Radelet and Lindauer 2006:24). The dependency theory was developed to mirror the underdevelopment and widespread poverty in Latin America which was a vastly contrasting experience to the trickle-down effect of economic wealth from capitalist countries as proposed in neoclassical models of economic growth. The dependency theory further opens alternative roads in attaining development. One is through local development of industries for domestic needs in order that resources would serve the interest of the general population which at the same time reduces the need to import (Todaro 2006: 401). This takes into account that genuine economic development is not only based on actual domestic production but more importantly in how resources and the gains in production actually benefit the people. However, this depends in part on the political will of third-world governments to effect necessary political and economic changes not for the elite but for the population living in poverty (Ferraro 2006). In general, the dependency model predicts a worsening and continued poverty in satellite states as long as the dependency relationship exists. Although there have been no actual third world experience proving the viability of certain methods undertaken to effect domestic economic development, the historical and prevailing circumstances of underdeveloped countries show that the only way out of dependency is through a change in the structural context in which it is rooted. Dependency in the Philippine Context The Philippines, located in Southeast Asia, has a population that is expected to hit 90. 4 million this year and is currently experiencing political turmoil as evidenced in coup-de-etat attempts, allegations of large-scale corruption in government and extrajudicial killings allegedy perpetuated by military forces. The Philippines traces its history to Spanish colonization which profoundly changed the historical direction of the feudal states, semi-slave and semi-communal societies that prevailed during that time. The primarily trading and subsistence based economy that co-existed in the archipelago were transformed into feudal kingdoms ruled by the Catholic Church and the Spanish bureaucracy (Agoncillo 1980:11-16). Economic resources were used to finance Spanish wars, the galleon trade and the excessive lifestyle of the Spanish while the native elite were co-opted into the bureaucracy to consolidate political control over the populace (Agoncillo 1980: 18). The defeat of Spain led to the handover of the Philippines to U. S. auspices through the Treaty of Paris in 1898. The U. S. , then a capitalist state, set up its own bureaucracy under the concept of benevolence assimilation and transformed the feudal remnants of Spanish rule into raw-material extraction for export and promoted the importation of finished products (Eviota 1992:8-9). Large-scale mines and logging operations were opened as well as semi-processing in the textile and electronics industries by multinational companies. A mix of export based agricultural production and semi-processing industry under colonial political conditions was created. The locals were educated and evangelized along Protestant religions which promoted an individualistic and highly consumerist culture, the origin of the Filipino’s propensity at emulating the American lifestyle. The members of the middle class were given Fullbright scholarships which provided the necessary training for their participation in the various levels of colonial economy, politics and culture. The social upheavals after the second world-war fueled movements for independence in U. S. colonies. This was the context in which Philippine independence was granted in 1946. However, economic structures essentially remained intact with the exception that the elite land-owners and big businessmen now made up the bulk of the political bureaucracy (Eviota 1992: 12). Economic and political pressure from the United States ensured the subservience of past and present Philippine governments and cooperation is to a certain extent a primary determinant for a president to stay in power (Agoncillo 1980: 65-68). Although Japan and the members of the EU also have stakes in Philippine import and export, it is largely dominated by U. S. economic interests. At present, the tenets of globalization are firmly enshrined in economic policies of recent and current governments. The large-scale privatization of public utilities involved in energy production and distribution, education and others are already underway. The deregulation of the prices of basic commodities such as oil and gas has been instituted since 1995. The liberalization of trade and agriculture has opened up these crucial aspects of the domestic economy to unfair competition from developing countries and the first world (Ibon 2008). Looking at present economic indicators, the Philippine gross national product for the past year stands at P7,274,660 million, GDP is at P6,651,320 million and balance of trade for 2007 is at $-114 million (NSCB 2008). Of the GDP, 14% is attributed to the agriculture sector, 31% to the industry sector and almost 55% to the service sector. Labor force accounts for 35% in agriculture, 49. 3% in the service sector and 15. 1 in the industry sector (NSCB 2008). The latter involves workers in mining and quarrying, construction, electricity/gas/water and manufacturing. The service sector also includes the growing number of Filipinos employed in call centers sprouting all over the country. In addition, overseas workers contribute about 10% to the total GDP and economic figures do not accurately reflect the cushioning effect of dollar remittances from these workers who leave the country because of the absence of meaningful employment in the country (Jimenez-David 2007). Top 10 Philippine exports include gold, petroleum products, coconut oil, woodcrafts and furniture, ignition wiring sets, other products manufactured from materials imported on consignment basis, cathodes and section of cathodes of refined copper, articles of apparel and clothing accessories, electronic products, metal components (NSCB 2008). Manufactured goods are mainly from export processing zones in various parts of the country. This reflects the semi-processed and raw material nature of Philippine production. Its top 10 imports on the other hand include cereal and cereal preparations, iron and steel, organic and inorganic chemicals, mineral fuels/lubricants and related materials, plastics in primary and non-primary forms, electronic products, textile yarn/fabrics/made-up articles and related products, telecommunication equipment and electrical machinery and electrical machinery/transport equipment (NSCB 2008). The imports reflect the absence of basic manufacturing industries in the country. Although, economic growth has been posted for the 4th quarter of 2007 other indicators should be taken into account to determine the state of economic development especially with regards to the poor. Simple literacy (2000) is 92. 3% and functional literacy (2003) is 84% (NSCB 2008). The top 10 causes of deaths include respiratory infections, tuberculosis, diarrhoeal diseases, chronic obstructive pulmonary disease, perinatal conditions and heart diseases, ailments that are easily curable and preventable in the first world (NSCB 2008). In terms of income, the annual income for a family of 6 in 2006 was P173,000. 00, but unemployment and remains high with 6. 3% and 18. 1% respectively in 2007 (NSCB 2008). This translates to around 21 million people. In addition, inflation has most probably decreased purchasing power vis a vis the rising costs of petroleum products in the world market that affects the prices of basic commodities. If the daily cost of living is P680. 00, the annual income per family would only yield P254. 00 per day. Finally, the Philippines has a current $54. 4 billion foreign debt and continues to borrow for payment of debt interests and pad its annual budget deficits (Dumlao 2007). Loans usually come with corresponding Structural Adjustment Programs while loans for public sector projects are usually funded through a build-operate and transfer scheme in favor of companies from the funding country (Ibon 2008). In the realm of politics, the Philippines has the longest running communist insurgency in the world implying that there is a general discontent among a portion of its population (Ibon 2008). The Philippine government has responded by increased military spending and military equipment acquisition. It has also supported the war on Iraq by actually sending members of her military for combat and allowed the entry of U. S. visiting forces despite local calls sovereignty. Although â€Å"democratic† is generally used to describe local politics, elections are characterized by patronage politics, violence, massive vote buying and manipulation so that only the elite have the capacity to run for office (Eviota 1992:12). On a cursory view, current data seems to reinforce the historical developments outlined above and presents how the Philippines has come to be part of a continuing dependency relationship that is far from changing. Dependency in the Context of the Bolivarian Republic of Venezuela Venezuela, with a population of 26. 7 million in 2005, shares the same historical experience as the Philippines in that both have been subjected to successful Spanish colonization efforts. Exports were primarily cacao, cotton, beef and coffee until the early 1900’s (Salazar-Carillo and Cruz 1994:33). After Spain lost in the series of local uprisings against her, the political landscape was dominated by successive civil wars that served to oust an existing government and install another. In 1908 emerged a dictator, Juan Vicente Gomez who was elected by Congress under questionable circumstances and ruled unchallenged until 1935 with solid control over the military and presumably foreign support (Lieuwen 1969:50). The discovery of oil around that time drastically changed Venezuela’s economy, politics and culture. Necessary technology to develop oil as an industry was undertaken largely with the involvement of the foreign oil companies, notably Shell from Britain and later the Creole Petroleum Company from the United States (Salazar-Carillo and Cruz 1994:42). Both countries had friendly relationships with the Gomez dictatorship because of oil interests. Two decades later, Venezuela has established itself as one of the important sources of oil in the world. Royalty sharing between government and foreign oil companies was through a 50-50 scheme and as foreign revenue increased, it enabled the country to pay its foreign debt (Lieuwen 1969:46). However, much of the wealth created was accumulated by the dictatorship with its policy of well-arming the military to quell dissent. The focus given on the oil industry and overdependence on its revenues resulted in the neglect of other productive sectors such as agriculture such that Venezuela started food importation in the 1920’s (Tinker-Salas 2005:1). Foreign control over the oil industry was entrenched through the promotion of a culture among the intelligentsia that equated prosperity with the oil industry and that foreign oil companies are essential to economic development (Tinker-Salas 2005:1). This was despite the fact that a substantial portion of society, especially those in the agricultural sector who still comprised the bulk of labor force and the displaced peoples from the construction of the oil industry infrastructure, were poor. It is in these aspects that a form of dependency relationship between Venezuela and primarily the U. S. , who had greater control over oil concessions after the Great Depression, was developed. A different turn of events to the contrary occurred with the privatization of the oil industry in the 1970’s. The Petroleos de Venezuela, S. A. (PdVSA) was established as a state-owned company that undertook the sole extraction, processing and exportation of domestic oil (Tinker-Salas 2005:1). However, privatization created a business enterprise out of the oil industry that was virtually untouchable. Because they held (and misused) the bulk of the country’s revenue, the officicials of PdVSA had almost the same political powers as the president and created a sector of managerial personnel that constituted the elite in society (Tinker-Salas 2005:1). Thus, the general view that the oil industry never improved the standards of living of most brought to fore the smoldering class tensions that have been existent in Venezuelan society. The opening up once again of oil concessions to foreign oil companies in 1992 through the Apertura Petrolera policy fueled public perception that the PdVSA worked more for foreign interest than domestic advantages (Tinker-Salas 2005:1). This was the context in which Hugo Chavez found himself when he was elected president in 1998. Contrary to existing PdVSA practice, he instituted reforms in the oil industry, putting more government control in its operations, drafting new laws with regards to oil resources and allocating funds from oil revenue for social programs (Alvarez 2006). In 2001, Venezuela had a crude oil production rate of 3. 6 million barrels a day where about 60% of this is exported to the U. S. conversely supplying an estimated 11% of total U. S. imports of the product (EIA 2008). Though still largely dependent on income from the oil industry, Venezuela is starting to diversify in order to lessen the economic impacts of oil price fluctuations in the world market and decrease importation of basic food stuffs (Alvarez 2006). There are also efforts to decrease reliance on the U. S. oil market through market expansion to other countries in Latin America, China, Iran and India (Alvarez 2006). In addition, Venezuela has started providing foreign aid from its oil revenues to its Latin American neighbors and initiated agreements for a joint venture in natural gas extraction and the refining of crude oil produced in neighboring countries, solidifying its economic and political ties in the region (Alvarez 2006). These developments have earned both commendations and criticisms from the international community but generally seem to point to a nation’s attempt to remove first world control on local resources and industry and effect the delivery of social services from the wealth created as benefits for the people. With regards to how these reforms will significantly and reliably raise the current standard of living of Venezuelans and the Latin American region remains a subject for study by social scientists in the coming years. Its success will provide dependency theorists with empirical evidence of how a satellite state can break away from dependency. List of References Agoncillo, T. H. (1980) The History of the Filipino People. Philippines: Garotech Publishing Alvarez, C. (2006) Venezuela’s Oil-Based Economy [online] Available from [17 February 2008] Dumlao, D. (2007) Foreign debt stock up to $54. 4B [online] Available from [16 February 2008] Energy Information Administration (2008) Available from [17 February 2008] Eviota, E. U. (1992) The Political Economy of Gender: Women and the Sexual Division of Labour in the Philippines. New Jersey: Zed Books Lieuwen, E. (1969) Venezuela. London, New York and Toronto: Oxford University Press Ibon E-Media (2008) The Philippines and Globalization [online] Available from < http://info. ibon. org/index. php? option=com_content&task=blogsection&id=5&Itemid=27> February 2008] Jimenez-David, R. (2007) At Large Migrant Nation [online] Available from [16 February 2008] National Statistics Coordination Board-Philippines (2008). General Reference [online] Available from [17 February 2008] Perkins, D. , Radelet, S. and Lindauer D. (2006) Economics of Development (6th ed). New York and London: Norton Salazar-Carino, J, Cruz, R. (1994) Oil Development in Venezuela. London: Praeger Publishers Tinker-Salas, M. (2005) ‘Fueling Concern: The Role of Oil in Venezuela’. Harvard International Review 26: 5-10 Available from [16 February 2008] Todaro, M. P. , Smith S. (2006) cc Economic Development in the Third World (6th ed). New York and London: Longman Vincent Ferraro-Mt. Holyoke College (2006). Dependency Theory: An Introduction [online] Available from [16 February 2008]

Peter Pan Syndrome Essay

Peter Pan syndrome, is exactly how it sounds. It’s a disorder that is derived from the novel Peter Pan written by J.M. Barrie that defines those who appear as an adult but their actions are quite childlike. The ‘Peter Pans’ of present society â€Å"see the adult world as very problematic and glorify adolescence, which is why they want to stay in that state of privilege†, according to Humbelina Robles Ortega, professor of the Department of Personality, Evaluation and Psychological Treatment of the University of Granada and an expert in emotional disorders. Although it can affect both men and women it is often seen in the male population. The syndrome is developed through environmental factors, and cannot be genetically inherited. â€Å"What causes Peter Pan syndrome?†, you may ask. According to top psychologist, it is do to overprotective parents. What this is exactly is that the parent is so overprotective that it does not allow the child to have their own life experiences to grow up and learn on their own, so the â€Å"child† is in need of constant parenting. Dan Kiley, who defined Peter Pan syndrome in 1983, also suggests behind every â€Å"Peter† there is a â€Å"Wendy†. Thus creating the term â€Å"Wendy syndrome†, which is used for women who shadows their companions as a motherly figure. Women with â€Å"Wendy syndrome† The consistent parenting figure in the person’s life with PPS, Peter Pan syndrome, never gives them a chance to grow up. The typical PPS victim experienced a great deal of permissiveness in his upbringing. This led to a lack of self-discipline, demonstrated by laziness and irresponsibility, along with the inability to learn how to control their emotions. PPS may be diagnosed once the person begins to show symptoms and signs. Certain symptoms are outbursts of emotion, expressing anger to the point of wrath, happiness that turns into extreme panic, frustration that leads to self-pity and/or depression, and they always feel guilty. The use of anger is used to push the person away that is trying to push reality upon them. People diagnosed with this also show difficulty relaxing and can be really undependable considering their childlike characteristics. They are also narcissistic with dependency and manipulation tendencies. Basically, this syndrome characterizes the personality of an immature person and also includes narcissistic behavior. Another serious problem people with Peter Pan syndrome have is developing relationships. Referring back to the person’s relationship with their parents, men often find themselves fixated on their mother. Usually because of their fixation with their mother, this is when they develop feelings of anger and guilt due to their conflicting feelings for their mother. The relationship with the father is at odds since the person diagnosed believe his love and approval is off limits. The hang up on their mother is what will cause difficulty in future relationships. Individuals with this syndrome have a hard time building relationships with peers. As a result they become depressed and feel desperately alone in their attempt to belong. They often don’t fix the problem though because their solution to any problem is to ignore the issue and until it disappears. Most people, especially men, with this diagnosis cannot have a real connection with friends because they believe they can only be bought. When they do get friends, they often ‘drag their feet’ and cause a delay when hanging out because they share characteristics of the condition called narcissistic personality disorder. Males with PPS have trouble keeping a love life as well. They tend to become easily extremely jealous and exhibit violent outbursts. If the woman tries to assert her independence, the male becomes easily provoked to fits of anger. They fear if the woman asserts their independence, then they’ll appear weak and not like a man in front of friends. This often causes the male to refuse to share feelings. This may result to having difficulty expressing love, especially when it comes to being sensitive. Men often pick younger women to have relationships with because that way they don’t have to worry about responsibility such as settling down and having a family. People with the disorder could live a normal life. There is no physical or brain function change for those with this disorder. It may take energy from their partner, but with dedication they could show them having a committed relationship can be worthwhile too. If their partner begins to suffocate them then they’ll scare them off, so it’s better to give them their own space. If it is a man, then make sure they still get their â€Å"man cave†. As long as both partners are understanding of the person’s needs with PPS then it’ll work out. The only thing that could stop them from having a bad life would be the narcissistic characteristics of Peter Pan syndrome. They tend to be absorbed with imaginative comfort in their minds which attracts them to introspection. This leads them to be imprisoned by childhood fantasy, not the realities and difficulties of life that they need to overcome. In an attempt to avoid the realities of life, it could cause them to use prohibited drugs and abuse alcohol in an attempt to escape the obstacles of life. The only major complication of Peter Pan Syndrome for individuals having the disorder is not being able to build strong relationships. However, they remain unsuccessful at facing fears and responsibilities, and may also acquire other psychological disorders. According to research, people having Peter Pan Syndrome have very low self-esteem and are unmotivated leaving them feeling depressed. Individuals having Peter Pan Syndrome do not usually exhibit the self-confidence, motivation and determination that are keys for being successful. Treatment for Peter Pan syndrome is uncertain. Peter Pan syndrome is still unrecognized as a mental disorder by the American Psychiatric Association and WHO, which is why there is no specific treatment. There are therapies such as the wilderness therapy, which covers psychodrama, cognitive behavioral therapy, strength-based therapies, solution-focused therapy, trans-personal counseling, and family therapy. There is other treatment modalities as well, such as: The Healing Sound of Silence, Embracing The Twelve Step Philosophy, and Transforming Into An Effective Adult. The Healing Sound of Silence helps the individual keep away from refocusing their addiction on something else such as: watching TV, computer games, drugs, etc. Instead, they put the focus on themselves and their issues in an attempt to get their life back on track. It allows them to learn the basics on how to face the real problems of life. The Twelve Step Philosophy is a camping therapy. It’s a twelve-step program that helps them recognize the importance of a support system. They learn that every individual has a role and purpose. They also learn self care. The transformation into an effective adult is when the Peter Pan-like person begins taking responsibilities. Even though there is no established cure for the disease, the only time that the person with Peter Pan Syndrome is treated is when the individual shows willingness and awareness of their disorder. Since Peter Pan Syndrome is a disorder caused by factors during childhood, any prevention measures should be directed at parents and their awareness on how to raise a child. Parenting discussions should be organized, especially for teenage parents so they are aware of techniques to teach their children about responsibilities. Also, the environmental factors still need to be considered when raising a child. The right role models should always be around as well for positive influence.