The Country Report on the Czech Republic
What advantages can be had from the country report on the Czech Republic? If I were an investor, I would think that the Czech Republic would be a good country to put up a business in since the country report that the country is doing fine in their GDP or gross domestic product as well as in their inflation rate which is low. The Forex seems to be also in a good condition which gives one the feeling that the economy of the Czech Republic is in good health which gives one the impression that the atmosphere is the country is ideal for business. Should an investor think of investing in the country, all they had to do was just look at the information regarding GDP, inflation, Forex, exports, imports, as well as trade balance. One could also see from the country report that the economy of the country is on the upswing. The report also shows that atmosphere in the country is quite peaceful since the report shows it has a low level of turmoil which makes the Czech Republic inviting for those who might want to work or migrate in the country. The report gives prospective migrants or overseas job seekers an idea of working environment to expect in the Czech Republic and what kind of jobs they might get in. As one could see from the report the Czechs are not too keen on agriculture.
More of its people are interested in services and industry and commerce. One noticeable factor is the low rise in the population which makes it easy for the leaders of the country to run the government. Speaking of government, the report would be quite useful to government officials of the country who are currently going over the blueprints of the country’s economy. The report paints for them an almost realistic picture of the present state of the country because they are given important information like. The report gives them a warning with a regard to the problem of paying off the country’s debts which actually concerns the entire country not only those in the government. According to the report, the problem of debt had been in the minds of the Czechs when they went to the polls to vote for the party of their choice. Speaking of voters, if the country report had been published before the polls took place, the people would be able to have a clear idea of and a basis choosing their party. The information regarding agriculture does not look good and the people in the government should take notice. Attention must not only be given to the growth of urbanization but to the growth of agriculture since it provides people with food for their daily sustenance.
This is important to people since they are only concerned with their own future but with the future of the country as well. Based on the report, tourism would provide a big boost to the country’s tourism. The country is ideal for visits and is safe compared to the country where I live in right now. The influx of tourists into the country would help increase the country’s foreign exchange and would give a lot of help to the economy. Tourists spending in the country would certainly add more money to the coffers of the government. Also the report seems to make the Czech Republic a good example for others to emulate with its average GDP of 169.54, inflation rate of 2.9, and Forex reserve of 34.16. Countries who are currently in dire straits in terms of the condition of their economy could learn a lesson or two from what the Czech government is currently doing. The country report truly makes the Czech Republic a country that looks much better than other countries in Eastern Europe. The country report on the Czech Republic makes it an ideal model of country for study for students who are involved in Social Science and Political Science because the facts of the report give the students something to use to determine what makes the country tick and probably compare it to other countries. The report will allow them to gain a deep understanding of how a good country can become a success or a failure. This report is not only useful for students but also for aspiring leaders of a country in the sense that the report would give them an idea of how to properly and effectively lead a country. From reading the report they would be able to get an idea of how to take care and improve the economy of the country they set their eyes on to manage someday. With its worldwide publication, the country report allows people from other countries to become aware of what is happening in other countries. Countries are also made aware of the fact they are being watched and will therefore tend to be very conscious about the moves that they make.
What are the disadvantages that could be had from the country report on the Czech Republic? There is a tendency for the report to be seen as superficial since one might only see what is on the surface . Without one knowing it, something else may be brewing deep inside the country aside from people worrying about the government being able to pay off its debts. There might be a tendency on the part of the reader to ignore other pressing concerns that might not have been mentioned in the report such as problems about dissidents, strikes, and the like. Should people in the government look at the report and see most of the good points about the country, they might relax on their laurels and instead of doing more to improve the economy, they might do less. They might also take their eyes off more the important issues. According to PRS online, ( PRS Group, 2010) their primary source of data was International Financial Statistics which is the monthly publication of the International Monetary Fund. This is ok. But then the report might be one sided and may not really be 100 percent representative of what people say and feel. PRS should have conducted their own study and personally hear and see for themselves the good and bad things that people say about their country. This is not to undermine the IMFs own researches but it is better that PRS get facts firsthand. PRS wishes to avoid biases which is good. The neighboring countries of the Czech Republic would certainly not want to be put in the bad light by biases in the report. I feel that there is no balance between the good and the bad in the report and all I saw were the good points about the Czech Republic which makes it almost a perfect country which is not so. This is why I recommend that PRS should also listen to what the Czechs as well their neighboring countries have to say about the country.
Using the Analytical Hierarchy Process (AHP)
First of all, what is AHP or the Analytical Hierarchy Process? This was a process developed by Thomas Saaty (n.a, n.d.) which provides a proven and effective means that is used to deal with complex decision making which could help with identifying and weighing selection criteria, analyze the data collected for the criteria, and speeding up the decision making process. How is it important? The Quality Portal ( n.a., n.d.) says that AHP “ helps capture both subjective and objective evaluation measures” which provide “ a useful mechanism for checking the consistency of the evaluation measures and alternatives suggested by the team, thus reducing bias in decision making.” In other words, AHP ensures fairness in making the right selection or decision. The Quality Portal adds (n.a., n.d.) that when “combined with meeting automation, organizations can minimize common pitfalls or team decision making process, such as lack of focus, planning, participation ownership, which ultimately are costly distractions that can prevent teams from making the right choice.” What is the best way to use AHP? AHP is used if multiple criteria is involved meaning there are many criteria for one goal. For example when you as a researcher decide which contestant would be qualified for the contest, you would have to come up with criteria like age, sex, educational background, family income, social status, and the like.
What makes the Analytical Hierarch Process (AHP) different from other research process is it breaks down problems into different level, one higher than the other. For example your problems might be finding out why a family is poor, determining who among their children would best help them in alleviating their plight, finding out whether the head of the family is really making enough money for his job, and what needs of the family have to be met. The decision makers then come up with a set of criteria for each problem and they are compared with each other before decision makers come up with final decision. For instance what criteria are needed to find out who among the children in a family would best help the family in its need? These could be age of the child, sex of the child, health of the child, the child’s educational attainment, the skills the child possesses. In other research approaches, a set of criteria is applied to one or more problems or objectives In using this process for decision making, what problems would a researcher have in meeting social science reliability and validity tests?
Though many consider this process to be effective, the process might prove to be complicate for those doing research in social science. For one thing, a researcher would have to have a different set of criteria for every problem or objective. Before he or she could proceed to another problem, one would have to commit the first problem at hand by developing a set a criteria for it and a subcriteria or subcriterion for every criteria. Values to be met are then assigned to each criteria or subcriterion. Another thing that makes this kind of process tasking is he or she has to see who among the 100 subjects for instance is able to meet each criteria. Just imagine if you have 20 criteria that you will try to see whom among the 100 respondents are able to meet. What makes the process difficult is if you will have to test each of your respondents against each subcriterion. If you have five or ten problems you will have to have your respondent go through each problem and criteria that go along with each problem. According to Watson and Freeling, ( Perez, 1995) in order to get the weight of each criteria by means of a ratio scale, decision makers may be forced to ask meaningless questions. This is to done to meet the requirements of the process. What makes the process difficult to use is the researcher may have to conjure several questions for each problem.
Watson and Freeling (Perez., 1995) say that one such example of a meaningless question that a researcher might ask is “Which of these two criteria is more important for the goal? By how much?”. Belton and Gear (Perez., 1995) say that another problem with using AHP is the method “suffers rank reversal.” This happens when one alternative which is better over another relative is not chosen because an important alternative had been excluded from the set of choices. This indeed will cause problems since it would result in “unfair competition” between two alternatives. According to Joaquin Perez ( n.a., n.d.) this shortcoming is “is caused by the fact that the weight of each criterion is not linked to the evaluations of the available alternatives over this criterion.” Watson and Freeling (Perez, 1995) also say that “such a failure is due to the fact that the weight of each criterion is due to the fact that the weight of each criterion is independent of the evaluations of the available alternatives over this criterion.” Walton and Freeling add (Perez, 1995) that the method must be changed in this particular aspect so that interval scales that overcome this difficulty can be constructed. “The result might end up not being valid since an alternative was picked out simply because there was no other better alternative. In getting alternatives, these would have to be thought out carefully since they would have to fit into the criteria. One has to consider whether or not a set of alternatives will have to meet each criteria. But what if none of the alternatives meet the criteria the possibility of which one should consider? The researcher would have to go back to the drawing board and reevaluate either his or her set of problems or set of criteria for each problem which would take a lot of time and effort on the part of the researcher.
He or she would have to come up with a new set of goals or set of criteria for each goal or problem. So far Saaty has not yet provided any reply to these comments about the process. Joaquin Perez (Perez, 1995) says that “ one important aspect of the question has been missed in the controversy and the missing aspect is the real situation in which the process is applied. What Perez might be saying is that the effectiveness of AHP depends on the situation wherein it is applied. Only when it is applied in a particular situation can one say that the process is truly effective or useful. According to Perez ( Perez, 1995), if the comments are analyzed in such a way that the “real situation is included in the analysis, failure by an aggregation method to satisfy a formal property” does not really mean that something is wrong in the method. Perez (Perez, 1995) adds further that “almost all aggregation methods exhibit rank reversal.”
Perez, Joaquin. Some Comments on Saaty’s AHP. Retrieved August 15, 2010 from http://www.jstor.org.
Perez, Joaquin. Some Comments on Saaty’s AHP. Retrieved August 15, 2010 from http://www.facqs.org.
The Quality Portal. (n.d.) Analytical Heirarchy Process. Retrieved August 15, 2010 from http://www. Thequalityportal.com