The Economic in Taiwan Essay Example | Topics and Well Written Essays - 2250 words

The Economic in Taiwan - Essay Example As a result, even in the best case scenario, economic growth in the region will suffer into the second half of 2003. The rising impact of SARS (in line with a rising number of cases) on private consumption, coupled with a lower than expected rise in GDP growth in the first quarter of 2003, has led us to reduce our forecast for economic growth in 2003 as a whole from 3.7% to 3.2%. A stronger recovery in both domestic and external demand will result in GDP growth of 5.4% in 2004. Taiwan is unlikely to face significant inflationary pressures until late 2003 as domestic demand remains sluggish and international inflationary trends continue to be benign. Entry to the World Trade Organisation (WTO) in January 2002 has reduced imported inflation and will continue to put downward pressure on prices in the forecast period. Following the US-led war in Iraq, prices on international oil markets have eased. As a result, we expect the consumer price index to rise by an average rate of only 0.3% year on year in 2003. Stronger domestic and international demand for goods and services are expected to revive price pressures in 2004, lifting inflation to an annual average of 1.4%. We expect the CBC to allow the currency to remain weak, mainly in order to maintain the competitiveness of Taiwan's exports against those of Japan and South Korea. However, exports are unlikely to receive a major boost as a result, owing to general weakness in world demand, but the measure will help Taiwan producers to maintain market share. The CBC will allow the New Taiwan dollar to appreciate significantly only once there is sufficient evidence of a sustained recovery in GDP growth. Accordingly, in 2003 the currency will strengthen slightly in line with faster GDP growth late in the year, and as a result, average NT$34.79:US$1. Once the recovery in GDP growth gains momentum in 2004, the currency will appreciate further, to an annual average of NT$34.24:US$1 in 2004. The rate of growth in merchandise exports in US dollar terms has recovered since the second quarter of 2002. However, US demand-- the US is the destination for close to one-quarter of total exports--for Taiwan's exports has remained weak since the beginning of 2003. In addition, some of the year-on-year growth in exports during 2002 reflected base effects of comparison with 2001, when Taiwan's US dollar export earnings suffered double-digit declines. (Chu 79-104) The weak Taiwan dollar policy adopted by the CBC, mainly owing to the weakness of the Japanese yen, will not be enough to strengthen exports significantly. Nevertheless, exports to Asia, in particular China, will continue to provide some stimulus to the country's external sector. Imports have also been rising since mid- 2002. This trend is likely to be interrupted by fragile domestic demand (not helped by SARS) and the loss of momentum in export growth, although import growth is still expected to outpace export growth in 200 3-04. As a result, the

Issues Concerning Optical networking and Equipment Essay

Issues Concerning Optical networking and Equipment - Essay Example Important network topologies and issues like, transparency, protection, routing, switching and wavelength assignment are discussed in detail. The concept of wavelength division multiplexing (WDM) and DWDM has also been introduced. Finally, the latest trends in optical communication and networks are briefly explained. Optical communication system is similar to any kind of communication system, as far as the basics are concerned. The major difference in optical and other communication models is the additional requirement of a source (for conversion of signal from electrical to optical domain), receiver (for conversion from optical to electrical domain) and use of fibre as media in place of conventional copper wire or microwave. The use of glass fibre or optical fibre features a number of advantages that make it a formidable media, in comparison to others. One of the most important assets of optical communication is the availability of enormous potential bandwidth to the tune of hundreds of GHz. The potential cannot be fully harnessed owing to electrical domain limitation. However, technologies like WDM or DWDM are evolving to optimize the available bandwidth usage. Being fabricated from glass, the fibre does no have earth loop or interface problem as are evident in electrical media. The optical communication is immune to interference from radio frequency and electromagnetic radiations or EMP (electromagnetic pulses) as they act as dielectric waveguides. There are practically insignificant radiations from fibre which enhance security of signal in a communication system. Other advantages include low weight, small size, flexible, reliable, easily maintainable, low transmission losses and cost effective. The requirement for capacity is increasing at a fast rate in the present day networks. Growth of worldwide web and Internet are the primary causes for this increase. Every four to six months, the need is almost doubling.