Famous Quotations About Marriage and Married Life

Famous Quotations About Marriage and Married Life Anybody who has been in a happy marriage will confirm that the key to a happy married life lies in the bedrock of trust and friendship. Marriage spells out a lifetime of love. With trust, you can overcome all odds. Build your marriage into a rock-steady relationship with trust. For more secrets to a successful marriage, read these quotes about marriage. Quotes on Marriage HomerThere is nothing nobler or more admirable than when two people who see eye to eye keep house as man and wife, confounding their enemies and delighting their friends. Robert C. DoddsThe goal in marriage is not to think alike, but to think together. Lyndon B. JohnsonOnly two things are necessary to keep ones wife happy. One is to let her think she is having her own way, the other, to let her have it. Pearl S. BuckA good marriage is one which allows for change and growth in the individuals and in the way they express their love. Rainer Maria RilkeA good marriage is that in which each appoints the other guardian of his solitude. Simone SignoretChains do not hold a marriage together. It is threads, hundreds of tiny threads which sew people together through the years. That is what makes a marriage last more than passion or even sex! SocratesMy advice to you is to get married. If you find a good wife, youll be happy; if not, youll become a philosopher. Martin LutherThere is no more lovely, friendly and charming relationship, communion or company than a good marriage Iris MurdochThe absolute yearning of one human body for another particular body and its indifference to substitutes is one of lifes major mysteries. Nanette NewmanA good marriage is at least 80 percent good luck in finding the right person at the right time. The rest is trust. Morris L. ErnstA sound marriage is not based on complete frankness; it is based on a sensible reticence. Dave MeurerA great marriage is not when the perfect couple come together. It is when an imperfect couple learns to enjoy their differences. Helen Gahagan DouglasWhen a marriage works, nothing on earth can take its place. Paul TournierThis is what marriage really means: helping one another to reach the full status of being persons, responsible beings who do not run away from life. Mignon McLaughlinA successful marriage requires falling in love many times, always with the same person. Honore de BalzacOne should believe in marriage as in the immortality of the soul. Benjamin DisraeliIt destroys ones nerves to be amiable every day to the same human being. Robert AndersonIn every marriage more than a week old, there are grounds for divorce. The trick is to find, and continue to find, grounds for marriage. Sydney J. HarrisAlmost no one is foolish enough to imagine that he automatically deserves great success in any field of activity, yet almost everyone believes that he automatically deserves success in marriage. George EliotThat quiet mutual gaze of a trusting husband and wife is like the first moment of rest or refuge from a great weariness or a great danger.

Reactivity Definition in Chemistry

Reactivity Definition in Chemistry In chemistry, reactivity is a measure of how readily a substance undergoes a chemical reaction. The reaction can involve the substance on its own or with other atoms or compounds, generally accompanied by a release of energy. The most reactive elements and compounds may ignite spontaneously or explosively. They generally burn in water as well as the oxygen in the air. Reactivity is dependent upon temperature. Increasing temperature increases the energy available for a chemical reaction, usually making it more likely. Another definition of reactivity is that it is the scientific study of chemical reactions and their kinetics. Reactivity Trend in the Periodic Table The organization of elements on the periodic table allows for predictions concerning reactivity. Both highly electropositive and highly electronegative elements have a strong tendency to react. These elements are located in the upper right and lower left corners of the periodic table and in certain element groups. The halogens, alkali metals, and alkaline earth metals are highly reactive. The most reactive element is fluorine, the first element in the  halogen group.The most reactive metal is francium, the last alkali metal. However, francium is an unstable radioactive element, only found in trace amounts. The most reactive metal that has a stable isotope is cesium, which is located directly above francium on the periodic table.The least reactive elements are the noble gases. Within this group, helium is the least reactive element, forming no stable compounds.Metal can have multiple oxidation states and tend to have intermediate reactivity. Metals with low reactivity are called noble metals.  The least reactive metal is platinum, followed by gold. Because of their low reactivity, these metals dont readily dissolve in strong acids. Aqua regia, a mixture of nitric acid and hydrochloric acid, is used to dissolve platinum and gold. How Reactivity Works A substance reacts when the products formed from a chemical reaction have lower energy (higher stability) than the reactants. The energy difference can be predicted using valence bond theory, atomic orbital theory, and molecular orbital theory. Basically, it boils down to the stability of electrons in their orbitals. Unpaired electrons with no electrons in comparable orbitals are the most likely to interact with orbitals from other atoms, forming chemical bonds. Unpaired electrons with degenerate orbitals that are half-filled are more stable but still reactive. The least reactive atoms are those with a filled set of orbitals (octet). The stability of the electrons in atoms determines not only the reactivity of an atom but its valence and the type of chemical bonds it can form. For example, carbon usually has a valence of 4 and forms 4 bonds because its ground state valence electron configuration is half-filled at  2s2  2p2. A simple explanation of reactivity is that it increases with the ease of accepting or donating an electron. In the case of carbon, an atom can either accept 4 electrons to fill its orbital or (less often) donate the four outer electrons. While the model is based on atomic behavior, the same principle applies to ions and compounds. Reactivity is affected by the physical properties of a sample, its chemical purity, and the presence of other substances. In other words, reactivity depends on the context in which a substance is viewed. For example, baking soda and water are not particularly reactive, while baking soda and vinegar readily react to form carbon dioxide gas and sodium acetate. Particle size affects reactivity. For example, a pile of corn starch is relatively inert. If one applies a direct flame to the starch, its difficult to initiate a combustion reaction. However, if the corn starch is vaporized to make a cloud of particles, it readily ignites. Sometimes the term reactivity  is also used to describe how quickly a material will react or the rate of the chemical reaction. Under this definition the chance of reacting and the speed of the reaction are related to each other by the rate law: Rate k[A] Where rate is the change in molar concentration per second in the rate-determining step of the reaction, k is the reaction constant (independent of concentration), and [A] is the product of the molar concentration of the reactants raised to the reaction order (which is one, in the basic equation). According to the equation, the higher the reactivity of the compound, the higher its value for k and rate. Stability Versus Reactivity Sometimes a species with low reactivity is called stable, but care should be taken to make the context clear. Stability can also refer to slow radioactive decay or to the transition of electrons from the excited state  to less energetic levels (as in luminescence). A nonreactive species may be called inert. However, most inert species actually do react under the right conditions to form complexes and compounds (e.g., higher atomic number noble gases).

Walking Essay Example | Topics and Well Written Essays - 1000 words

Walking - Essay Example It is a well-known fact that walking has many advantages. It indicates that walking session of at least 30 minutes is essential for a good health if the person adopts an appropriate walking posture then he is at lower risk of cancer, heart disease, anxiety and depression . But, it is sad that in some part of the world particular in United States people are no more pedestrians. With emergence of modern cars people prefer to travel more their luxuries car rather than spending some time in walking on their foot. Walking also strengths your joints and bone .According to Zivot (185) it was reported that in United States that there was a drastic decrease in rates of mortality which was 39 percent for the individuals who adopted walking as their regular habit. By walking the life expectancy of such diabetic patients increased greater but it is distressing that people in USA still ignore this fact. There are some electronic devices due to which people gave up walking, these mobile devices in clude treadmills. There are increase rates of road accidents this also contributes in declining the number of pedestrians the number of pedestrians have declined to 30% in downtown Los Angeles since 1961. According to National Highway Traffic Safety Administration (NHTSA) Assaily.JP(258) the rates of pedestrian accidents have increased in United States hence safety of pedestrian has become a burning issues these days. One of the reports of NHTSA showed that annually 4,100 pedestrians die in road accidents after every one or two hours, various rules should be formulated in order to provide safety to the pedestrians like designing zebra crossing and placing signals everywhere especially on all the busy roads like enforcing laws to limit. However, it is responsibility of pedestrians to take some protective measure too like they should pay full attention to roads while crossing it instead of being busy on a call as it diverts their

British Political Parties Case Study Example | Topics and Well Written Essays - 250 words

British Political Parties - Case Study Example The article also provides detailed information on how France’ National Front advocates socialism by allowing debates to be carried out on managerial competence. Just like FNF, Liberal Greens also advocates socialism by supporting civil liberties alongside social justice. The article also provides some information on how Liberal Democrats’ economic pitch is shifted to the left of labourers to magnify the effect of social authoritarian, According to it, Liberal Democrats advocate socialism by not only enhancing expansion of the Freedom of Information Act, but also a reduction of the detention period to 14 days. Just like other parties that advocate socialism, Conservative Party aims at doing away with ID cards. Unlike other parties, the New Labour insists on the retention of the DNA profiles of the victims of crime and 42 days retention for those involved in crime. Additionally, it privatises economy at the cost of nationalising the public. For a nation to grow, it must give room for new ideas to be inoculated in its management by allowing democracy to prevail. For instance, it is very crucial for Britain to have many political parties. Many political parties will enhance the running government in Britain to implement some crucial ideologies raised by other political parties. Additionally, the ideologies presented by different political parties enable the public choose the party that will contribute towards meeting their wants in

AlfredHitchcock, Essay Example for Free

AlfredHitchcock, Essay Final Paper Mamet and Hitchcock’s Suspenseful Similarities While comparing the film’s Strangers on a Train, directed by Alfred Hitchcock and The Spanish Prisoner directed by David Mamet, two suspenseful mysteries unfold. In this essay I will compare both directors use of themes, tones, and camera effects to convey the thrilling story of a confused and tortured protagonist. While they are different plotlines, both stories overlap in many ways. Perhaps Mamet may have even made an homage to Hitchcock’s Strangers on a Train by mirroring various scenes and themes in The Spanish Prisoner. Strangers on a Train is the story of two strangers that meet on a train, but it is hardly that simple. One a tennis star, Guy Haines, and the other, a wealthy psychopath Bruno Anthony. Bruno proposes a scheme to Guy to kill someone the other person wants to dispose of, a â€Å"criss-cross†. Unknowingly, Guy agrees to kill Bruno’s enemy and vice versa. Bruno kills Guy’s wife that he had been trying to divorce, and expects Guy to kill his father. They get mixed up in a cat a dog chase of murder and confusion, which ended with Bruno’s death and Guy marrying the women he loved, Anne Morton. The Spanish Prisoner is titled from a con game that traps a mark into turning over thousands of dollars to scam artists. David Mamet character Joe Ross is a math genius that devised a process that will earn his company billions of dollars. The process is the maguffin (a typical trait of Hitchcock); we never find out what the process is, only that rival Japanese corporations will do anything to steal it. Joe Ross ends up happily ever after similarly to Guy Haines. Both stories reflect one another in multiple ways. One is that Bruno the sympathetic villain in Hitchcock’s Strangers on a Train that we love and hate is very similar to that of Julian ‘Jimmy’ Dell who elaborately tried to steal the process. We grow relationships with Jimmy Dell and with Bruno Anthony; they are both the catalyst of all bad that comes to the protagonist, yet each director makes them appealing and loveable. Both plotlines are obviously different, but Joe Ross is a similar reflection of Hitchcock’s creation of Guy Haines as well. Both men are mixed up in what they thought were brief encounters with ice or eccentric strangers. Yet both men get fooled along the way and get entangled in a web of lies, murder, and deceit. Mamet mirrors Hitchcock storyline in various ways throughout the films with character similarities again and again. On the plane ride back to the States, Susan asks Joe the films signature question: â€Å"Who in the world is what they seem? † In this scene, instead of a tr ain they are on an airplane, and instead of Bruno asking Guy a question, it is Susan to Joe. Inevitably they are the same. Susan endows doubt and a motive to do something out of character, much like Bruno’s question to Anthony, â€Å"My theory is that everybody is a potential murderer. Didnt you ever want to kill somebody? Say one of those useless fellows Miriam was running around with? † Each character is stricken with a striking comment that unravels the rest of their fate. In the same scene in the airplane Joe responds to Susan by retreating to the planes bathroom to unwrap Dells gift, which turns out to be a first edition of Budge on Tennis. The tennis theme is another similarity echoed in Strangers on a Train. Guy Haines is a pro tennis player and many of the scenes have imagery of tennis. Metaphorically it could represent the mental state of characters or plot, the back and forth of sense and logic. Later when Joe is trying to meet up with lawyers to discuss the process in Central Park, he goes onto a carousel. Mamet does no mistake by copying Hitchcock’s carousel tool as a dizzying climactic point. The spinning of the carousel signifies the mental state of both protagonists at the time. Each is on the verge of a breakdown, not knowing who to trust or what to do next. Camera angles enhance the scene in Hitchcock’s version because he uses high angle shots and differential focus on the faces of the patrons riding the carousel while the background spins quickly it creates a highly suspenseful and memorable scene. Hitchcock also used that little carnie man who crawled under the moving carousel, I was in awe of the camera angles throughout this scene, it made me hold my breath. The scene from The Spanish Prisoner where Joe was in the carousel was not as thrilling, the tone was different, he just walked around it slowly. The tones of the two scenes are like night and day. Hitchcock’s is loud and scary, while Mamet’s is eerily quiet and somber. Thematically they both explain the mental state of the protagonist, but Hitchcock’s tone is intense, fast paced, and surreal at times, while Mamet’s tone is cerebral and realistic. Not only are the characters, the themes, and elements comparatively similar, but also many of Hitchcock’s trademarks are found in both movies. One is the falsely accused man. This is present in Guy Haines, as well as in Joe Ross. Each protagonist is being chased for a crime they didn’t commit. It is a classic trait of suspense thrillers and is defiantly a major part of each film. The second trait is the guilty woman. This is present in Susan in Spanish Prisoner, and in Miriam in Strangers on a Train. Both directors convey police as idiotic throughout the movie as well, which is another Hitchcock trait. The final element is the pathological deviant. This is present in Bruno Anthony and in Julian ‘Jimmy’ Dell. This is the figure that spun the web of lies and created a â€Å"trustworthy† bond while in reality being completely crazed for a purpose that is unattainable. While both movies are similar in their theme, tone, characters, and director traits, they also vary in ways that make them unique. Both the stories are well conveyed due to the director’s clear point of view. One was referencing the other, both were gripping and suspenseful tales of an innocent man trying to fix a problem that they cant seem to solve. Mamet’s mirroring of Hitchcock was done well, but Hitchcock’s surrealistic shots and character like the carnie make it more interesting and compelling of a movie to me.

Chemical Warfare :: essays research papers

Chemical warfare What is Chemical Warfare: To understand chemical warfare you must first understand what a chemical agent is. A United Nations report from 1969 defines chemical warfare agents as " ... chemical substances, whether gaseous, liquid or solid, which might be employed because of their direct toxic effects on man, animals and plants ... ". This means basically that any chemical that is used to directly effect and harm a person, plant, or animal would be an act of chemical warfare. Some commonly confused Chemical Agents: Agents such as napalm and phosphorus are not considered to be Chemical agents since they achieve their effect mainly through thermal energy. Certain types of smoke screen may be poisonous in extremely high concentrations but smoke ammunition is not classified as a chemical weapon since the poisonous effect is not the main reason for their use. Another common misconception is that biological agents such as viruses or microorganisms (small pox etc.) are considered a chemical agent, but this is not the case. Effects of chemical agents and biological agents may be similar but they different in production. Chemical agents are created and biological agents are found naturally in nature or cultured for use. Different types of Chemical agents: Nerve Agents: Source: A FOA Briefing Book on Chemical Weapons Nerve agents acquired their name because they affect the transmission of nerve impulses in the nervous system. They are stable, easily spread, highly toxic and have rapid effects when absorbed through the skin and respiratory track. Nerve agents can be manufactured by means of fairly simple chemical techniques. The materials are inexpensive and generally readily available. It was not until the early 1930's that German chemists discovered the effects of certain phosphorus compounds to be toxic. Two years later a phosphorus compound with extremely high toxicity was produced for the first time. This phosphorus compound, given the name tabun, was one the first substances later referred to as nerve agents. Physical and chemical properties The most important nerve agents included in modern arsenals are: „h Tabun, O-ethyl dimethylamidophosphorylcyanide, This nerve agent is the easiest to manufacture. Therefore, it is more likely that developing countries start their arsenal with this nerve agent „h Sarin, isopropyl methylphosphonofluoridate, a toxic substance mainly afflicting the respiratory system. „h Soman, pinacolyl methylphosphonofluoridate, a moderately toxic substance which can be taken up by inhalation or skin contact. „h Cyclohexyl methylphosphonofluoridate, a gas or Liquid substance with low volatility which is taken up through skin contact and inhalation of the substance

Globalisation & Liberalisation

According to Herman E Daly, Globalization serves the villous of a single, cosmopolitan, integrated global economy. This definition focuses on the cross border movement of goods, services and resources (financial and human) impacting on the domestic and global assets and employment. Globalization, thus focuses on an integrated economic world in which the economy is a single market characterized by trade and Investment flows, cross border economic activities In production, Investment financing, movement of capital, technology, labor, Internationalization of consumption, capital, and services.Economic liberation's is the gateway of globalization and financial liberation plays the most crucial role in integration of one neutron economy on the global economic network. However, very often the term liberation's and globalization are used simultaneously. Important instruments of liberation's are regulation of financial market to allow foreign capital, foreign investment, to and fro flow of c apital etc. Reduction of tariff and non-tariff barriers of trade, simplifications of customs measures etc.For successful global Integration a country must move to economic liberalizing by dismantling entry barriers and Licensing system, reduction in physical restrictions on imports, reduction in control n capital and current account, reforming financial system and opening up financial market to private (domestic and foreign) players, removing controls on foreign capital (FDA and portfolio) flow to the country etc. Globalization however, Is not a new phenomena of the current world activities.Economic historians have traced two strong waves of globalization. The first wave of globalization spread over 1 870 – 1914 while the second wave of globalization began roughly in 1960 and continuing. The current wave of globalization is much faster and deeper. Globalization today is fundamentally a new economic phenomenon, and a process to set up a new economic order globally increased in tegration and Interdependence of production, consumption and services. The present wave of banquets – Volvo.V Issue 1, January 2005 Globalization and Life Insurance gallstones NAS slantingly Innocence Improved speculation In resource allocation, productivity enhancement and specialization and greater innovation, adaptability and utilization of technology which has necessitated the need for cross border economic activity for all the countries. Resource mobility has not only reduced the cost of production and distribution but also boosted competition across the order.Drivers of Globalization The present wave of globalization has been significantly influenced by advances in information and computer technology, increased flow of trade and capital. Improved specialization in resource allocation, productivity enhancement and specialization and greater innovation, adaptability and utilization of technology which has necessitated the need for cross border economic activity for all th e countries. These have not only reduced the cost of production and distribution but also boosted competition across the border.Therefore important drivers of globalization are expansion of International Trade, Internationalization of Financial Market and Migration, Baldwin and Martin (1999) observed key aspects of globalization namely Trade, investment, migration and Factor prices , Capital flows and Markets, and Industrialization and Income Convergence and Divergence. Both waves of globalization were driven by radical reduction in technical and policy barriers to international transactions†¦. But the uniqueness in recent globalization is heavily shaped by the dramatic reduction in communications cost, what is sometimes referred to as the death of distance'.Financial Globalization Advancement in information technology, innovation in financial products, and increase in trade and services provided boost to the cross border flow of capital. Capital Mobility is considered as an in dicator of financial integration. Other indicator being gross stocks of foreign assets and liabilities. We shall discuss this in detail the section Financial Globalization The process of Globalization is strongly supported by Financial Globalization.There is an inextricable relation between increased international trade in goods and services and the increased flow of international UAPITA. It is because increased trade is followed by increase in payments, banking service, hedging etc. Stock markets, as we have noted in the beginning, has replaced the role of Banking to a great extent as a financier to corporate and development funds. Stock markets, in a globally integrated financial market facilitate risk sharing, improve efficiency of resource allocation, impact savings decisions and provide liquidity thus supporting faster economic growth.Globally integrated stock markets facilitates economic growth in several ways namely : Banquets – Volvo. V Issue 1, January 2005 021 Impro ve much name eloquently In ten market Prove prudent resource allocation prospects Create an environment for flow of savings thus reducing uncertainty of capital in the market Reduce risks through global diversification Liberalized and internationally integrated stock markets thus boost economic growth. Benefits of Financial Globalization Liberation's and globalization produces immense benefits to the countries integrated.Liberation's creates conducive climate for faster economic growth, allows upgrading of technology, provides scale economy, expansion of markets domestically and internationally. Economic integration through liberation's can also expand Job opportunities in domestic market and through migration of labor in general. Financial Globalization produces higher economic growth through direct and indirect impact on economy . Liberation's and globalization produce immense benefits to the countries integrated.Liberation's creates conducive climate for faster economic growth, a llows upgrading of technology, provides scale economy, expansion of markets domestically and internationally. Economic integration through liberation's can also expand Job opportunities in domestic market and through gyration of labor in general. However, liberation's of financial markets provides growth generating opportunities including the following. By encouraging FDA, developing economies can import much needed technology, which would further generate spillovers for local firms.Saggy (2002) mentioned three types of potential channels of spillovers, namely Demonstration Effect, (local firms adopting multinational introduced technologies), labor turnover switchover of trained labors to local firms (enabling technology diffusion) and vertical linkages (multinationals supplying technology to suppliers of intermediate goods). Global Financial integration augment much required domestic saving and boost up capital investment in investment starved countries. It also provides avenues fo r better allocation of capital and minimizes risk.Further, capital flow is accompanied by transfer of technology and finally assists in promoting healthy capital market. Indirect influences of globalization include promotion of globalization and integration of domestic economies which is followed by improving the macro economic policy frame work and setting up economic institutions and better governance system. Financial Liberation's has forced many countries to open up financial markets and relaxed the rules of intermediation allowing financial services institutions like investment banks, asset management companies, Mutual Funds, Pension Funds etc. To operate in newly liberalized markets. The forces of change unleashed by financial globalization, reenacted In Electroplating AT Dangling system, Increase In cross border financial activity increased competition in savings market convergence in financial services industry. B. Globalization of Insurance Market Insurance is an integral p art of national economy and a strong pillar of financial arrest. Therefore, waves of globalization have also deeply influenced the insurance market worldwide. Financial Market Globalization has also been strongly supported by Globalization of Insurance.With the increase in Trade, Direct Investment and Portfolio Investment, there has been an ever growing demand for Insurance services particularly in the emerging markets. Globalization of Insurance market, as a part of the overall process of liberalizing in emerging and other countries enabled the foreign insurance companies to enter in those countries and benefited both. The riving forces of insurance market globalization has been identified by Swiss Re (Sigma No. 4/2000) as the ‘push factors' and ‘Pull Factors'.The Push factors are the motives behind the movement of foreign insurance companies while the pull factors are the motives behind allowing the foreign companies to operate in local market, l) Push factors : Insura nce Companies move out to emerging markets due to Increasing Global Trade , Growing Direct Investment , Potential Future Growth in Emerging Markets , Saturation in industrialized countries and Strong growth in emerging entries and expected Efficiency Gains through Diversification , Economics of scale etc it) Pull Factors : The important pull factors in emerging markets – Emerging Markets have Strong Economic growth and Trade, and there are substantial requirements of capital in Emerging Markets to cover major risks. There are several benefits to the countries allowing foreign insurance companies to operate in their countries which can be broadly classified into Economy related, and Insurance marked related Economy related benefits to the local country : Foreign insurance companies along with local companies add further momentum to obligation of savings. Institutional net work in the savings market increases, which also influence the savings behavior of household and corporate savings.Resources and capital allocation in the Domestic Market increases with the increased sophistication brought by the foreign insurance companies It also improves the financial stability in the host country, as well as facilitates improvement in production and Trade. Banquets – Volvo. V Issue 1, January 2005 023 Insurance market related benefits : Capital structure of entire insurance industry improves because foreign companies brings fresh capital with them. Market efficiency improves due to information dissemination, global operating knowledge and increased competition. Management inclemency Increases Decease Torrent companies Drill Walt teem global experience and management innovation. Range of available products increases because foreign companies bring with them a wide range of products and product development expertise.Customers' service improves. Increased competition, technology led service, and cost competition finally benefits the consumers. Globalization also improves Regulatory and Governance system. It also improves market conduct and Ethical Business Standard. Jennifer Rankin (2003) mentions the following factors driving the insurance companies' cross border activity. Many countries are moving away from protectionism and state control and taking more market driven approach especially in the insurance and financial services and opening up their markets to foreign companies. The process of Insurance globalization significantly influenced by the GOATS/WTFO.A major break through was achieved in 1997 with an agreement of Liberation's of financial services following which 102 countries committed to remove entry barriers and liberalism their markets. The GOATS agreement offers legal security and protection to global insurance players. With the removal of entry barriers in emerging and less developed countries there has been an increased flow of funds from developed countries to the emerging and less developed countries. According to Swiss R e (Sigma No. 4/2000) â€Å"In recent years there has been a strong increase in the demand for insurance in the emerging markets. The average annual growth rate in the emerging markets has since 1990 been twice as high as industrial countries in both life and non-life insurance.There is already an indication of slow Roth and saturation of insurance market in industrially developed countries. During 2003, Global Life business witnessed a decline of -0. 8%. However, emerging market life business grew by 6. 6% as against -1 . 7% decline in industrialized countries. In non life business, while industrialized countries achieved 5. 7% growth in real premium income, emerging markets registered 8. 5% growth rate in 2003. However, total premium income of emerging market in 2003, was US $ 314128 million which represented 10. 68% global premium income, whereas share of industrialized countries with US $ 2626542 million representing 89. 2% of global premium. This is an indication of huge potent ial emerging market.Globalization of Financial as well as Life Insurance Market is an inevitable phenomena. In the years to come the globalization of Insurance Market is going to speedup further. The impact of globalization will also be felt more in emerging markets which have exhibited better potential for growth in insurance market. Data provided in Table No. 1 and Table No. 2 shows that countries which have extensively opened up the Insurance 24 Market to the Private and Foreign Companies have achieved relatively better growth in insurance density and penetration. It has also been noted in India that growth of Insurance Market was faster in the post liberation's period than that in pre- Tatterdemalions pergola.However, one AT ten constraints AT Insurance Gallstones Is a small number of global players as noted by UNEVEN (2002). The private insurance industry is largely a national industry rather than a global one. The number of truly global insurance players is in the range of 20 to 30 only. Another 70 companies operate significantly in more than one continent through branches. Only 1. 2% of global insurance premium comes from across border business. C. Impact of Liberation's on Economic growth Research of Bernstein and others (1998) shows that FDA contributes more domestic growth than domestic investment. And also FDA is more productive than domestic investment.Liberation's of capital markets attracts foreign investment which influences the price of equity thereby reducing the cost of capital. Research of Beakers and Harvey (2000) indicated that post liberalized regulatory reforms bring down the cost of capital and also help to increase inflow of capital. Financial liberation's also imparts structural formats of capital markets, improves the closures, transparency and corporate governance which creates growth prospects in a liberalized country. It has been noted that the average per capita income is higher in the countries with more open economic policies a nd better global linkages, than in the countries with less openness in financial sector. Globalization has helped promote convergence of per capita incomes.Per capita incomes have grown faster in globalization developing countries (those lowering trade barriers) than in rich countries – 5 per cent versus 2. 2 per cent in sass†¦Ã¢â‚¬ ¦. Non globalization Developing countries have lagged behind. Finance and Development, March 2002. , UP). Resource (2002) has observed that â€Å"the trend of rising inequality over the past 200 years, primarily between countries, now appears to have been reversed, and the experience of the 19th century suggests that increased globalization will accelerate this decline. Parkas et al (2003) has noted that ‘International Financial Integration can help to promote domestic financial sector development, which in turn can help to moderate macro economic volatility.However, thus far these benefits of financial integration appear to have accru ed primarily to industrialized countries. D. Growth of Life Insurance in India Indian Life Insurance Industry, since nationalization, has registered a significant growth and gradually increased its share in household financial savings. As noted in table 4, the Share of Insurance Funds has increased from 8. 7% in 1993-94 to 14. 9% in 2003-04, while the share of life insurance funds increased from 8% to 14. 5% during the same Banquets – Volvo. V Issue 1, January 2005 025 per 00 Ana In terms AT GAP It NAS Increased Trot I Nils Is a gallants achievement of Life Insurance Industry which till recently represented by LICE of India.Growth in Life Fund is considered to be an important indicator of growth of Life Insurance Industry and as can be seen from the Table 4, LICE has performed exceedingly well. LICE, after nationalization of 256 Life Insurance Companies, started with a Life Fund of RSI. 410. 40 core, which in course of time increased rapidly and stood at RSI. 3,21 ,754 core i n 2004. Similarly, the total assets of LICE has increased from RSI. 463 core in 1958 to core in 2004. High growth of Life Fund and Assets of LICE was possible due to significant growth in New Business, which got a boost during the Post Liberation's period. First time in 1999, LICE sold more than one core (1. 8 core) policies in a single year, however, growth became faster during the post liberalized period and in 2002 it crossed the 2 core mark by selling 2. 25 core policy, which increased further to 2. 42 core in 2003. In 2004, New Business (AS) had gone up RSI 2,02,898. 14 core under 2,69,63,504 policies. Total in force policies serviced by LICE by the end of 2004, stood at 15. 39 core under Sum Assured of RSI. 9,25,033. 33 core. Liberation's of Indian Insurance market has provided further push of the Insurance Industry. By the end of March, 2004, there were 13 Life Insurance companies including LICE in the market, which has not only generated competition but also provided a wide range of product choice to the customers.An overall view of Indian Life Insurance market can be obtained through data released by ERDA, shown in the Table 6 and Table 7. Accordingly total no. Of policies underwritten in 2004 increased by, 12. 78% from 2002-03 to 5 2003-04, while the premium under these policies increased by 51. 80%, from lacks to 18,71 ,016. 02 lacks during the same period. So far LICE is concerned, there is a fall in market share in New Business. In No. Of Policies the market share declined from 96. 70% to 94. 21% while in premium income the market share of LICE declined from 92. 03% to 87. 04% during the same period. These indicate that Indian Life Insurance in general has expanded since liberalizing on the one hand and market has been increasingly becoming competitive. E.India in the International Context Though the share of Life Fund in household Financial Assets has gone up during the last decade and Indian Life Insurance Industry registered better growth rate compared with global growth rate yet total premium volume and global market share minded quite low. Total premium volume of Life Insurance Industry in the World at 9% growth rate increased from US $ 1 534,061 2002 to US $ 16,72514 2003, whereas in India 26 growth rate was much higher at 18% and Total Premium volume increased from US $ s S EYE ruling ten same pergola. Insurance Density (premium per capita and Insurance Penetration (premium in percentage of GAP) which are important growth indicators are quite low in India. In the year 2003, Life Insurance Density in India was only US $ 12. 9 as against the World Density of US $ 267. 1. Similarly, Life Insurance Penetration in India was only 2. % as against World Penetration level of 4. 59%.