The Prize The Epic Quest for Oil, Money and Power by...

Daniel Yergin is the chairman of Cambridge Energy Research Association and a highly respected individual in international politics, economics and power. Despite being a Pulitzer Prize Winner, he is also the recipient of the 1997 United State Energy Award for his achievement in power and the promotion of international understanding. He has written extensive accounts on the global changes towards political and economic destiny of the world since WWII. His book ‘The Prize: The Epic Quest for Oil, Money and Power’ published in 1992, which depicted the turmoil in Russia’s move to a market economy became a hit such that it was made into an eight hour series and translated into twelve languages. Yergin is a member of the Board of the United States Energy Association, US Secretary of Energy’s Advisory Board and National Petroleum Council among others. He is a BA holder from Yale University and holds Ph.D. from Cambridge University among other honorary degrees. Introduction: General overview Oil over the course of humanity has been referred to as the lifeblood of the worlds economy. Though it might be called an overestimate, oil is arguably the most critical non-human economic resource that is crucial for the progress and growth of the economy. In his book, Yergin illustrates the economic, societal, political as well as the geostrategic importance of oil in the growth of the worlds economy. The book takes the reader through a path that retrieves the historical journey of oil fromShow MoreRelatedThe Prize : The Epic Quest For Oil, Money, And Power By Daniel Yergin Essay2163 Words   |  9 Pages Oil has often been referred to as any economy’s lifeblood. Although this is an overemphasis, oil has been the key, nonhuman resource of the economy throughout the largest part of the 20th century. In the book â€Å"The Prize: The Epic Quest for Oil, Money, And Power† by Daniel Yergin, the author illustrates the political, societal, economic, and geo-strategic import ance of this product. Yergin is the IHS Vice Chairman, and as their website tells us, he is also a Pulitzer-Prize winning author andRead MoreThe Prize : The Epic Quest For Oil, Money, And Power Essay1942 Words   |  8 Pages Oil has repeatedly been referred to as any economy’s lifeblood. Whereas this is an overemphasis, oil has been the utmost key, nonhuman resource of economy throughout the largest part of the 20th century. In the book â€Å"The Prize: The Epic Quest for Oil, Money, And Power† by Daniel Yergin, the author illustrates the political, societal, economic, and geo-strategic prominence of this product. The book was published by Simon and Schuster in 2011 in New York, and contains 928 pages, as its ISBN isRead MoreThe Epic Quest For Oil, Money, And Power2499 Words   |  10 Pageshalf of its oil supply, weakening its overall strategic position and adding greatly to an already burdensome trade deficit – a precarious position for a great power† (Yergin 14). So said Daniel Yergin in the prologue of his 1990 bestseller The Prize: The Epic Quest for Oil, Money, and Power. Today, oil retains its importance in the hydrocarbon societies of developed and developing countries as a major engine of economic growth, but the story is not so simple. When Yergin wrote The Prize, the UnitedRead MoreThe Iraq War1487 Words   |  6 Pagesinfluence world politics is primarily based on much power they have. In purely academic terms, power is the ability of Actor A to get Actor B to do something that B would otherwise not do; the ability to get the other side to make concessions and to avoid having to make concessions oneself (Frieden P. A-6). Power is usually represented by the capability of a state to preserve or tip the balance of power towards their own national interests. Balance of power refers to a situation in which the military capabilitiesRead MoreDubais Political and Economic Development: Essay38738 Words   |  155 PagesTable of Contents I Persian Gulf Development Literature Oil Curse Literature Arab and Islamic Factors Regional Ovemiew and Historical Background Dubais Development History I1 PI1 Explaining Dubai9sDevelopment Outcome Why Not Other Gulf States? Dubai versus the Development Literature IV Dubai in a Cornparatbe Corntext Saudi Arabia Qatar Brunei Conclusion Appendix Bibliography Introduction Dubai, a tiny, oil-exporting city-state located in the Persian Gulf, has recentlyRead MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 Pagesdetermining beginnings and endings that accord with major shifts in political and socioeconomic circumstances and dynamics rather than standard but arbitrary chronological break points. In the decades that followed the Great War, the victorious European powers appeared to have restored, even expanded, their global political and economic preeminence only to see it eclipsed by the emergence of the Soviet and U.S. superpowers on their periphery and a second round of even more devastating global conflict.

The Autobiography of Malcolm X Free Essay Example, 1000 words

As such liberation can be achieved by remaining action less. There was another system of belief, the followers of which thought that ignorance is bliss. Their argument was, just like the nature of the child, who is simple, novice and without guile, the sins of an ignorant person deserve pardon as such he is blemish-less. At difference stages of his life, Malcolm made the best use of all the above philosophies, without clinging on to a particular one. Considering from the placement of destiny (fate), it subdued him at every turn of life, but Malcolm X, with his grit and determination, worked hard and intelligently to change its course. Bitter experiences of childhood made him a rebel. His father was cruelly murdered by the followers of Ku Klux Klan movement, his mother suffered mental breakdown, and his brothers and sisters were taken care of by the state welfare system. Under such grim circumstances anyone would turn cynical, but not Malcolm X. Initially he possessed a sense of shame about the Negro culture but later it transformed into great pride for the black people. We will write a custom essay sample on The Autobiography of Malcolm X or any topic specifically for you Only $17.96 $11.86/page Malcolm also noted that teaching in American schools about African-American culture was non-existent, and only brief mention about them was made that Negroes were slaves and subsequently they were freed and they were by nature generally lazy and lethargic. But Malcolm would not agree. Most of the African-Americans never bothered to know the importance of their roots.

Judaism, Christianity And Islam - 806 Words

Judaism, Christianity and Islam do have an inherent thread of violence woven into the fabric of their ideation and scriptures. They do have an inherent thread because of we have seen so much violence that has been caused because of religion. Many times people are offended by others’ belief, which can cause violence due to the different perspectives. Furthermore, these religions get very protective of their beliefs, if you believe something, there must be reasons for your beliefs. Therefore, no violence should rise when someone disagrees, they should stay true to their beliefs and not cause violence to rise when someone disagrees with their views. Monotheistic people often don’t act up on the violence thread in their religion although it is often called by monotheism cultivated intolerance. Since monotheist believe that there is only one way to worship and acknowledge God, they are very closed minded. Although there are no rights in the monotheistic system, dissents, her esy, error, the odd view, blasphemy, should be considered malevolent and intolerable. Someone shouldn’t take it to heart when someone says something negative about your religion. The state and religion should be separated, just the same way that religion and the government should be separated. Although the government seems to have a test that is unconsciously made by its people. Monotheists who have performed violent acts in the name of God not tapped into a genuine and authentic strain of violence withinShow MoreRelatedJudaism, Christianity, And Islam992 Words   |  4 PagesJudaism, Christianity and Islam are three of the most recognized monotheistic religions worldwide. These religions are often referred to as the Abrahamic religions because of their history to the founding father, Abraham. Judaism, Christianity and Islam are closely related with varying differences. Christianity was born from within the Jewish tradition, and Islam developed from both Christianity and Jud aism. We take a look at some of the major similarities and major differences of these widely practicedRead MoreJudaism, Christianity, and Islam1538 Words   |  6 PagesJudaism, Christianity and Islam Christianity and Islam are the most influential religions in the world. Judaism has only fourteen million followers across the continents which makes Judaism the 12th largest religion. Although Judaism is not as large as Christianity and Islam, It still has an impact on the world. Prophet Abraham is the called in Islam the father of all prophets and because of that, sometimes Christianity, Islam and Judaism are called Abrahamic Religions. There are many known differencesRead MoreJudaism, Christianity, And Islam1052 Words   |  5 PagesAubrey Fletcher 3/9/15 Humanities Professor Michaud 417868 Judaism, Christianity, and Islam There are roughly 4,200 different religions in the world today, among them the largest are Judaism, Christianity, and Islam. These three religions are more similar then one would think. Christianity is the largest religion in the world with 2 billion followers and are called Christians. Islam is the second largest religion in the world with 1.3 billion followers. They are called Muslims, which means â€Å"oneRead MoreJudaism, Christianity, And Islam875 Words   |  4 Pageshave believed in a higher power or powers. Christianity, Islam and Judaism, the three most dominant religions are no different. They are all Monotheistic meaning they believe in one sole higher power or God. Though they share this common idea and many other similarity, they have many distinct features of their own that make them different as a whole. Many past religions have believed in the idea of multiple gods, Polytheism. Judaism, Christianity and Islam believe in one Supreme creator, MonotheismRead MoreChristianity, Islam, And Judaism1636 Words   |  7 PagesChristianity, Islam, and Judaism All three religions believe and worship the same God but they do it in different ways. Judaism happens to be the oldest religion today but they don’t have an official creed. They aim to teach you about God, the Messiah, human beings, and the universe which makes Jewish beliefs very important to them. But it is important to understand that being Jewish is more of a race and culture than it is a religion. Some Jewish people may have no interest in Judaism. Judaism hasRead MoreJudaism, Christianity, And Islam1679 Words   |  7 Pages Completely Different but Surprisingly Similar Judaism, Christianity, and Islam are all three different religions that many may not think can even be compared. At a glance, the religions are derived from different locations, the members of the religions look and act different, and some of the widely known practices are what make the religions so distinct. However, they are more similar than most people think. In the core of the three religions, many of their beliefs and practices show to be extremelyRead MoreChristianity, Islam, And Judaism Essay1967 Words   |  8 PagesChristianity, Islam, and Judaism represent the three most influential religions in the world throughout history. Judaism is, however, not as widespread as both Islam and Christianity, but it still has a profound impact in the world. Judaism, Islam, and Christianity are also known as the Abrahamic religions because their history is traced to the ancient individual, Abraham who is first referred to in the Hebrew Bible. There are many similarities as well as some differences between these religionsRead MoreJudaism, Christianity, And Islam902 Words   |  4 Pagesmost famous three religions -People of the book- are Judaism, Christianity, and Islam. Judaism is the oldest organized religion in the world; however, it only has 14 million followers around the world most of them centered in North America and Israel. Christianity, came after Judaism and have two billion believers around the world, and that’s about one third of the world population. Finally, Islam came after Judaism and Christianity. Even though Islam came afterwards, it spread quickly around the worldRead MoreJudaism, Christianity, And Islam1016 Words   |  5 Pagesthat keeps many people going in life but at the same time, the same reason our world has so many problems and has been torn apart. Through studying the main tenets in call, Judaism, Christianity and Islam were analyzed for weeks. Christianity and Islam take the cake for the two biggest religions in today’ s population however, Judaism plays the smallest role. These three religions, although different, are easily able to be compared and contrasted because of all of the history and information we have attainedRead MoreJudaism, Christianity, And Islam1087 Words   |  5 PagesJudaism, Christianity, and Islam are among the best known and most widely practiced religions today, and have had enormous cultural, ideological, and historical impact on the peoples of every continent. Arguably more so than any other ideological systems, Abrahamic religion has been among the most influential forces in human history. The shared elements of their traditions have allowed them to develop in part through a multi-faceted dialogue with each other. These faiths, despite sharing a common

How Does The Learning Adapted All Through The Course, The...

Abstract: This paper serves to apply the learning adapted all through the course, the advancement and development in my lifespan. I will plan to show a working learning of the speculations, wording, and ideas of human development and advancement. I will indicate how these orders apply to my own particular backgrounds and how I did all through my key life occasions, through the utilization of observational studies. Develop mentalist’s knowledge the development of growth in nonhuman species, the most popular observe progress and transformation in people. In difference I will emphasis on the ways people and myself change and grow during our lives, with reflection of constancy in our live span. Together, these conclusions recommend that†¦show more content†¦Being that my mother had already experience childbirth before, she took extra precautions to make sure I was healthy. Developing milestones are imperative in a child’s life. Formative breakthroughs have an exten sive variety of diverse useful abilities that a youngster has the capacity do as they hit certain ages. Outset and youth are dynamic times of development and change (Gerber, Wilks, Erdie-Larena, 2010). At every age a youngster should achieve points of reference in their life that would consider them as creating typical. In the event that the kid does not achieve that specific breakthrough for their age then they are considered to have a formative deferral. Formative points of reference are connected with a tyke s gross engine, psychological, social, dialect, and fine engine aptitudes. At the point when a kid adds to their gross engine aptitudes they find themselves able to walk, stand, and sit. They figure out how to utilize their real muscle bunches. At the point when the youngster achieves the subjective breakthrough he or she demonstrates that they find themselves able to take care of issues, demonstrate a comprehension, and thinking abilities. Creating breakthroughs additio nally incorporate dialect. At the point when a youngster leaves on specific

The Inclusion of Sex Education in the School Curriculum Free Essays

During high school years our minds have the greatest development. And whatever we have learned in high school we uses that knowledge to help us move on through college. At the high school age teenagers experiments different changes in their minds, bodies. We will write a custom essay sample on The Inclusion of Sex Education in the School Curriculum or any similar topic only for you Order Now A sometimes question comes up that at what age children should know about the sex. To the answer to that question is I believe at the age of 13-14 children and High School kids. High school should be teaching teenagers about different aspects of life, especially sex. A majority student does not get any sex education at home. Usually parents just ignore or avoid this kind of discussion or topic. So, that is why high school should teach students about sex. Since parents ignore giving knowledge about sex to their children, many of them turn to having unprotected sex because they are not educated about the matter. Their eyes are blind about the sex. Teenagers go to parties, they get drunk and they get involved physically with opposite sex. No one ever taught them to have protected sex. So females ends up getting pregnant. So, they would choose to have an abortion. Which is a very big debatable issue. Moreover, even if they not ends up getting pregnant some of the partners might have an aid and then they would get that aids. This could prevent by giving children some or more knowledge about sex. Since patents do not teach their children then sex education should be a vital part of a high school education. Personally, I believe that by giving students knowledge about sex in high school will help prevent teenage pregnancies and even the spread of disease such as aids. The out come would be save lives. In short, as parents we should support the High School and encourage them to teach our children about sex life. If parents were willing to educate their children at home then there would be no need for sex education. However, most of parents ignore sex topic and they would not prefer to discuss this topic in the family. Since the sex education does not exist at most of the homes, then there should be a need for sex education besides home, which is school. How to cite The Inclusion of Sex Education in the School Curriculum, Papers

Dyson Human Resource Management free essay sample

Continuous professional development is taken rigorously. Workers will be learning all the time, and there are many whose only job is training and development of others in the company. The managers are happy to set budget aside to send people to international conferences, courses, and industrial events. From this have gathered that Tyson have a keen interest in improving the skills of their workers and focus on motivation roles when training and courses for employees to go on.This could suggest Tyson to have a soft HARM as it indicates that they believe that employees are he most important resource, which they have to be when it comes to research and development as the engineers and researchers of the business are the driving for behind Dagons new products, designs and innovative ideas. According to McGregor Y theory, the leaders show innovation and imagination and are not just motivated by money but other things such as success, this has aspects shown from Tyson such as that the lead ers have creative minds and thrive in innovation. We will write a custom essay sample on Dyson Human Resource Management or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Also parts of Herrings theory can be seen such as the satisfiers being achievement e. . Creating a new product, growth and also recognition. However Herbert also states that motivation is affected by hygiene factors being working conditions and co-worker relationships. After looking at many company reviews from Tyson employees have noticed the following issues appearing most, a rigid working culture, bad/ineffective management, company expanding too rapidly causing chaos and poor performance reviews and bonuses.Many said that the managers do not communicate with workers enough and do not address the issues rising daily. This shows some aspects of hard human resource management such as poor appraisals and also possibly high staff turnover if employees are unhappy and do not feel they can work at Tyson any longer. Tyson faced was relocation of its production to Malaysia and Singapore in 2002 and thus laying off employees in United Kingdom.

Retail Property Analysis Silverwater †Free Samples to Students

Question: Discuss about the Retail Property Analysis Silverwater. Answer: Introduction Property economic analysis of a location allows detailed understanding in regards to a particular locality. Silverwater is located in western Sydney in New South Wales, Australia in the suburbs. It is situated almost 20 kilometers away from Sydney on southern banks of Parramatta River(Property, Retrieved on 15th November 2017). The place provides a good location to multiple medium and small businesses with its low rental, lease rates the location provides immense space for warehouse facility. There are multiple number of companies that are operating in the place for over 50 years due to its connectivity to central Sydney location. The location was developed primarily to provide for medium and heavy industrial areas. It mainly caters to industrial locations with a few residential areas(Baum, 2008). Red Yard primarily houses a number of restaurants and commercial complexes. The scope of the current study analyses economics related to the location in retail property segment of Silverwat er. It also encompasses its current analysis in Property Clock and further depiction as to where it is expected to reach in future. Silverwater offers steady connectivity to Sydney which offers immense opportunity for growth and developments(Ashton, 2010). City of Paramatta Council has taken UrbanGrowth NSW development with state and local government agencies. The development of Parramatta Road Corridor Strategy have further led to development of Retail and Commercial Market Demands. The Councils strategy planning has established long-term vision along with planning framework that incorporates transport, infrastructure, economic measures, public domain and various other measures. With such measures there has been tremendous setting up of Retail and Commercial Market Demand Study led to demand of quantum of retail along with commercial floor space(Chung, 2016). Developments in the area has been planned identifying population growth in population of Sydney and changing economic structures along with sustainable methods. There are ways devised ways and means by which existing infrastructure to increase retail segmen t development. Renewal of existing urban areas for increasing greater retail space for service or transportation purposes. Mostly the area includes small retail stores of commercial holding with absence of major retail brands in the area(Davidson, 2012). Majority of retail properties across Silverware are available on leases which varies depending on specific areas. Analysis of macro factors in the area reflects that political influence on the area is impacted by Council from City of Paramatta(Gumtree, Retrieved on 15th November 2017). Sydney businesses have been impacted by means of changing dollar, competition from overseas market, changing trends of consumers due to globalisation and increased competition from overseas market. There has been higher input costs in the industry as compared to neighboring markets hence due to rising cost pressures many businesses are seeking for productivity gains leveraging(Tranter, 2099). There are a multiple number of companies who have offshored their production units in view of rising costs from products especially in automotive and furniture sector. The Council takes major decisions and applies bureaucratic control for development and growth related to the area. There is road connectivity and other railway access that is being developed such that the area can prosper and can lead to further investment opportunities in the future(Zhou, 2016). Economic determinant of the area reflects that there remains high scopes for development with presence of a number of mining companies along with location of several other large companies. The location is more or less economically independent that allows for further prospects of development. Social factors like demographic and other cultural trends in the area are relatively low with low levels of population. There is a limited number of people residing in the area with very little jobs prospects to work in companies located in the region(Symes, 2007). Social investments in the area is relatively less with schools and hospitals located at further vicinity. Legal factors within the area provi des that all its jurisdictions falls under the city of Parramatta. Environmental standards placed within the locality are however low as against to other localities. As there is a high level of environmental pollution existing at the location with several factories and warehouse facilities and travel related infrastructure present(Baum, 2008). The location is extremely well suited and can cater to large number of large retailers that can act as drivers to growth and development of the region. Large format retailing has begun in recent year period and includes bulky goods along with retail showroom usage. Silverwater acts as a warehouse facility for many companies it can make use of its retail space and include large format retailing to include accessories, automotive arts, camping outdoors, repairs and services, pet supplies, electric light fittings, furniture, bedding and so on(auspost.com.au, Retrieved on 16th November 2017). Such large format retailing stores are absent in nearby areas and the location can act as a hub providing space and adding to the facility for the same. Happenings in past, present and future predictions The location of Silverwater is such that it provides high connectivity to various locations especially to Sydneys central business district. Roadways, bus services, connect the location, however there is still no accessibility to the place by means of railway networks(Render, 2014). It was only in May 2016 that Silverwater became City of Paramattas local government area from Auburn City Council. Historically all developments and growth I n the city had been attributed to Auburn Council ever since 1906. Earlier inhabitants of the area includes Wangal clan of the Eora or Tharawal culture. The area had European settlements that dates back to 1797 ever since Captain Henry Waterhouse and Lieutenant John Shortland of the Sirius received the land. Post such period the land was granted to John Blaxland and Greogory Blaxland(domain.com.au, Retrieved on 15th November 2015). They started with agricultural enterprise, salt making factory along with breeding cattle, which later led to setting up of manufacturing of tweed and blankets. Silverwater is also often referred to as North Auburn due to its close proximity to Auburn North Public School. In the past it primarily acted as a land for use of persons who held them but recently it has flourished to include industrial areas with parks, institutions and residential properties as well(Scholz, 2013). It comprises of a small population of 5,043 with various business factories being set-up there. Landmarks in the area are Silverwater Correctional Complex, Silverwater Baths, Silverwater Bridge and Silverwater Fire Station. Silverwater has come to become a major retail property space allowing for immense developments and prospects in the future. Prices in the area are affordable in regards to rent, leases as well as purchases. Markets in the area are not yet saturated which provides immense capabilities for further expansion. Investors can take advantage of the current situation prevailing at the location and develop several prop erties for future sale in the locality(Council, 2011). It can be used to attract several companies from major city locations to this destination with building up of roadways connectivity in the area. The area can provide comparative benefits of low prices and connectivity that can make it a major attraction for retail spaces for large as well as smaller companies. Thus, the future trend of the market looks attractive as against its present and past. It can cater to becoming a retail hub in near future with further developments. Overall economic climate in Australia had been fluctuating in recent past(Brown, 2009). Globally economic markets had been on a constant downturn with various sectors of the economy suffering highly. In Australia various places property markets have rallied in recent past and reached almost its peak levels. Some researchers argue that investors due to low rates of interests in various markets have been investing in Australian property markets especially retail spaces. With large number of immigrants coming into the country from various other locations there is need for retail spaces in suburbs especially where these people can meet the daily necessities(Tice, 2015). Such dispositions have been able to attract tremendous interests from global investors. With development of road infrastructure in the region, it will allow aligning with national industries of opportunities or future growth with locational factors that can affect business growth as well as growth of employment. Retail in volves an evolving fast moving consumer sector that is driven with technology, consumer tastes, social, demographic and other factors. Retail Floor space has increased in Australia from 1.5sqm per capita in 1985 to 2.3sqm per capita at present. This sector depicts an annual growth rate of 1.5% at an average(Obeng-Odoom, 2016). Such rise in retail floor spaces has been affected by real increase in income levels. With Silverwater having continuous increase in spending income levels, retail industry has evolved in the region and is expected to further grow with increasing in immigration capabilities. Rising diversity in retail formats has had a growing affluence that population of Silverwater has experienced. There have been development of shopping centers, supermarkets, homemaker centers, outlet centers and other store formats that has led to rise in convenience. Online shopping has also evolved in the recent period with consumer selecting products and having them delivered at their d oorsteps(Vejdean, 2015). Interest rates in the economy are constantly dropping and there are expectations that provides that it will drop further in the future. With fluctuating and lowered rates of interests there can be high amounts of possibility that investors will look for avenues other than banks and depository papers or bonds to park their funds into. Silverwater forms a part of ambitious prospects for many investors and with Parramatta roadways further developing it can attract large pool of funds. Inflation rates on the other hand had been constant more or less with rising trends providing depicting limited opportunities for increasing affordability for consumers. Individual consumers of retail property spaces had been suffering to a large extent with rising property rates and unaffordable rent rates. Leases has also been escalating in recent periods depicting further rising prices of goods and services. GDP of Australia has been increasing at a minor rate in the recent period mostly stagnating. Productivity in the country primarily in Silverwater region has been dependent on mining. Mining exports contribute to a sizable amount in the GDP and it has been growing by small amounts. Silverwater offers limited service related productivity that can contribute towards GDP as it is mostly production related of goods and various other items. Apart from mineral exports this region can support retail services as well with its ever growing retail spaces. Employment in Australia has been on a decline in recent period. There has been rising unemployment in the region, as most manufacturing companies in Australia are outsourcing their facility to low cost countries. Employment has become a major challenge in the Australian region with rising number of people losing their jobs in automotive, telecommunication and other sectors. However, Silverwater continues with its stable employment prospects in its mineral extraction industry. The locality can offer immense potential for employment prospects in the future with development of retail spaces that can provide a positive impetus in turn. with development of retail spaces in the area it is expected to employee around 6,000 to 8,000 people from the neighborhood population at full time retail stores. Consumer confidence within Australia had been dipping at a constant rate with in capabilities to cater to property rates. Affordability has gone down significantly across entire Australia but in Silverwater such is not the situation. Silverwater have been able to support positive affordability for its properties as against consumers income disposition. Consumer disposable incomes in the area is almost at par with national earnings rate provided by the center. Government Policy at the Federal level is immensely supportive of developments or growths related to the property markets. The City of Parramatta Council also aims at developing policy that can attract investors set up retail spaces and employ a large number of people. Government has also been providing affordable mortgage rates for development and setting up of retail properties in the area. Such endeavors along with bureaucratic relaxation on tax structures have provided large impetus to growth and development of properties in Silverwater. World events as recent economic downturn has immensely affected the entire globe with financial crisis. Australia too have been impacted from such financial downturns leading to a period of economic crisis. There had been fluctuations of interests rates, inflation rates, currency rates and market fluctuations as well that has forced a multiple number of investors into property markets for investing. Outsourcing has been a major game changer in Australia with majority of production and service related jobs from automobile, telecommunications and other industries going to less developed countries. Australia has become an expensive destination for manufacturing as well as for services. Hence, there has been a tremendous decline in productivity of manufacturing as well as services in the country. Terrorism activities has also affected various industries around the world and affected productivity. Australia has seen in a change in its social structure that has impacted its business relati onships with several other countries. Silverwater being a small destination across NSW have been able to manage and sustain its growth due to its low levels of reliance on a large number of economic activities. Its small population has also been able to support its robust growth and development related infrastructures. Inter-relationships exists amongst the various macro as well as micro economic variables of the country as well as across smaller locations as Silverwater. The location owes its development to the connectivity it gets from with Sydney CBD and City of Parramatta. Such connectivity allows development in the region and also its robust growth infrastructure. Analysis according to Property Clock A property clock is an essential tool for analysis of a property market. It also allows experienced property investors to purchase or sell their properties at appropriate selling or purchase time. Every property markets around the world and also across Australia undergoes a period of transition through a cycle and in case an investor is able to sell or invest or purchase property at the right time then it can lead to a difference in thousands of dollars being made in their investments. It allows tracking of the property market cycle and is based upon the well-known stages of a property cycle which can start from a boom, where prices of property are highest to bust, where prices in property market touches bottom of the cycle, further initiating the cycle towards a boom period. Analysing location Silverwater in the Property Clock it can be said that it had usually been at the bottom of the market till time of globalisation came and then the location started to get various economic impe tus. Silverwater had been functioning as a factory or warehouse facility for last 50 years. It had been functioning as a mere facility location, but the recent transfer of the Council to City of Parramatta and development of road infrastructure has led to development of various facility at the location. Silverwater is now being visualized more as an individualistic location than a mere facility space, it now has a growing population with various self-capable shops and restaurants to cater to the needs of the location. With decent rise in population over the past few years, there has been a steady rise in property prices in the place. Rent rates, lease rates and other property prices of retail especially which are centrally located are continually on the rise. Though entire Australia real-estate market have slid in the recent period with prices getting slashed at various locations, Silverwater had been able to maintain a steady rate. Silverwater gradually is on the verge of approaching ris ing market with its property prices gradually escalating with rising demands. The rising market prices of the retail properties have immense opportunities for sellers of retail properties in the area to gain from lease as well as sell of properties. Rental incomes in the area has also increased of retail spaces along with commercial space. Returns from rents have increased tremendously in the area, which reflects that demand of properties has been rising. Investors and property dealers can pick-up new properties in the area and hold on till prices goes to peak levels. In cases of sellers of retail spaces they can wait till prices soar above average levels in the area allowing for opportunities to make abnormal profits. Such periods of time investing or selling according to Property Clock timings will allow greater profitability and gains that can be used for other investment purposes. Though Property Clock depicts appropriate prices for buyers, sellers and investors of retail spaces , there still remains risks from unexpected economic or market related developments that can set deviations in property cycle. Sometimes it reflects short-term view of the market with long-term benefits in investment property portfolio. During periods of stagnation or downsizing period there is a possibility for generating money in real estate. Conclusion Property market analysis of Silverwater reflects increased geographic opportunities in commercial, industrial, residential and retail sectors. A diversified range of properties are getting built with multiple land uses with built forms. Investors along with large number of developers are currently focusing to building major warehousing space with commercial development in the area that could provide further impetus to growth in the area. Silverwater can provide a best cost effective solution located at nearest Sydney point with its robust connectivity and affordable lease prices. All these factors contribute to the development of property sector within the area. This has also caused Silverwater to become a highly sought after location for retail space from being a less developed location. Setting up of retail space in the area can be high profitable and return oriented compared to other locations along with its highly structured roadways that allows connectivity across multiple secto r to transport goods from one place to another. Economically the place is viable and can generate high amounts of economic impact on spaces getting developed. Reference Lists Ashton, P. (2010). This villa life: town planning, suburbs and the new social orderin early twentieth?century Sydney. Planning Perspectives, 457-483. auspost.com.au. (Retrieved on 16th November 2017). Silverwater, Australia. https://auspost.com.au/postcode/silverwater. Baum, S. (2008). Suburban scars: Australian cities and socio-economic deprivation (No. 15). Griffith University, Urban Research Program. Brown, J. (2009). Last Word: Breaking the Cycle. Government News, 34. Chung, D. . (2016). 14 Risk-sharing in publicprivate partnerships: a contractual economics perspective. 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