ICT Consolidation using Virtualization Technologies a Cost Effective Research Paper

ICT Consolidation using Virtualization Technologies a Cost Effective Approach - Research Paper Example way of thinking about it is that virtualization provides a way for a company to invest in fewer physical machines and replace them with virtual machines. Virtualization can be thought of in terms of a way to create hardware through the use of software that mimics what the hardware will do but without the actual machine being used. Through this use, one physical machine can hold within it numerous virtual machines that can be more flexible in the ways in which they can be used. Virtualization provides a streamlining of the way in which IT is handled within a business. Virtualization is not a new idea in Information and Communication Technology as it is has been around for more than a decade. Technologies like Microsoft Terminal Services, VMware and Citrix Metaframe have been available in the industry for many years. Microsoft Terminal Services, VMware and Citrix Metaframe have been in use in small segments of implementation of business technology. These technologies have also proven to be excellent solutions for many IT problems, appearing impossible to solve at first, but a large scale deployment could not happen in the past due to the unjustified high costs of communication links. The industry lacked consolidated strategies and an implementation approach of Virtualization whereby the ICT Management did not focus on the holistic picture of its benefits to the business at strategic levels. The concept of virtualization has also been in conflict with the interests of a large number of ICT vendors; hardware vendors as well as software vendors. As a result of this the vendors have been grossly discouraged to use virtualization to ensure that they are able to push their own technologies to Companies. The spurt of continuous disuse of hardware at a high rate and poor justification of the Return of Investments in ICT hardware and software every year, has compelled the modern ICT Management to re-look at virtualization for possible implementation at larger scales.

Bilateral Trade Agreements Term Paper Example | Topics and Well Written Essays - 2000 words

Bilateral Trade Agreements - Term Paper Example Using the production possibilities frontier, Ricardo was able to prove this, achieving a significant breakthrough in the field of international economics. Practically, Ricardo believes that given the situation, both countries can still gain by having the less efficient country specialize in the production and exportation of the commodity in which its absolute disadvantage is smallest and import the product in which it has its greatest absolute disadvantage. The commodity in which one country has the least absolute disadvantage can be thought of as one in which it has a comparative advantage. The gains are realized as both countries specialize in the production of the commodity in which it has the least opportunity cost (Mankiw). In a high-income and low-income country comparison, the book, Making the International: Economic Interdependence and Political Order highlighted that in a two-commodity example of food and pills, specialization will benefit both countries as each will be producing the commodity with the least opportunity cost, simply saying that trade can help increase income even for the low-income countries (Mackintosh). In recent years, there is an observed rise in the number of bilateral trade agreements between countries. Experts say that for a powerful country like the USA, "smaller FTAs accomplish the goal of liberalization and the expansion of markets for U.S. goods" in the absence of a broader agreement like the Doha round (MacMahon). On the part of the smaller countries, bilateral trade agreements increase the local employment and provide a better climate for investors from powerful nations (MacMahon).It is generally accepted that open economies which engage with the outside world do better than economies that are inward looking.