Assisted Living Volunteer Experience Reflection

Assisted Living Volunteer Experience Reflection Austina Burton Robert Frost, a famous American poet, wrote, â€Å"Somewhere ages and ages hence: Two roads diverged in a wood, and I I took the one less traveled by, And that has made all the difference.† This is an excerpt from one of his most well-known poems, The Road Not Taken. It intends that in making this choice, one is trying to distinguish oneself from the rest of the world by taking the less traveled road, or the less popular decision. This indicates a person who is ready to take a chance, and to face a challenge. This is directly related to the foundation of The Davis Community, where I volunteered at this semester. In 1963, Champion McDowell Davis was a retired railroad executive. He began with a vision to create a positive living environment for aging men and women. This vision inspired him to transform his family’s former peanut plantation into, what is today a 50-acre not-for-profit community, where seniors choose to live (Davis, 2014). The Health Care Center, at The D avis Community, welcomed its first residents in 1966. In 2000, Champions Assisted Living was completed, which added another support service in the Davis Community. In 2010, the Rehabilitation and Wellness Pavilion was added, to provide seniors with a modern fitness center, outpatient therapies, and short-term inpatient care (Davis, 2014). Agency Information The part of the Davis Community I volunteered in was Champion’s Assisted Living. Its exact address is 1007 Porters Neck Rd, Wilmington, NC 28411. The Davis Community campus is located at Porters Neck, on a 50-acre campus (Davis, 2014). It is only a quarter of a mile from the Intracoastal Waterway. The campus is settled in a woodland location with luxury homes, yacht basins, and golf courses in close proximity. Nearby to the property is Plantation Village, an independent, not-for-profit residential community for seniors (Davis, 2014). The Davis Community is only 12 miles from Historic Downtown Wilmington, and the campus is within easy reach of the Wilmington International Airport and major roadways. Their phone number is 910-686-6462 (Davis, 2014). The person who was my supervisor was the activity director at Champions. Her name is Vicki Hardiman. My orientation was on January 24th, then I volunteered every Monday since January 27th. I skipped Monday, March 3rd because I was on spring break. Then my last day was on April 7th. What I Did During the orientation, I was welcomed in immediately. I was given a handbook and an application to fill out. There were other volunteers there for an orientation. At the end, we were given a tour of the building. On my first day I painted in the memory care unit, with the memory care patients. I helped a woman named Marilyn. The second day consisted of crafts and bingo, and, on my third day, there was a sing along group that came to perform, and then I helped with bingo. On the fourth day, I got to take control of my own activity because the staff was short-handed. I conducted a trivia game for half an hour, with the general population. The fifth day I volunteered consisted of craft time and bingo. On the sixth day, I attended craft time in memory care, and then I got to bake cookies. On the seventh day I volunteered, I got to watch a woman play the piano and sing, then I helped during bingo. The eighth day was really fun. I got to help Vicki do a trivia game, and then help with bin go. On my last day, I set up the recreation room for bingo, then helped get residents to the homeschooled children’s play on the second floor. Agency Structure Champions Assisted Living is a not-for-profit organization. The agency’s distinction of nonprofit is that decisions are guided by principle not profit (Davis, 2014). The people who make the decisions for the Davis Community is the Board of Directors. Then rules, regulations, and information is given to the staff to go bye (Davis, 2014). My supervisor was the Activity Director, so she was over the activity department for the assisted living home. Vicki had two people working under her, but she never treated them as such. The staff at Champions Assisted Living work as a team. There is a social worker who works at Champions Assisted Living. She has a Bachelor’s degree. Her job at Champions consists of conducting pre-residency assessments, and screening, of potential residents, and makes recommendations for appropriate level of residency. She is also responsible for evaluating the psychosocial, and activity of daily living needs of residents, and coordinating care and services as needed. She develops a care plan based on the resident’s needs, and works with an interdisciplinary team to communicate with residents and families before the plan of care is changed, or when there is a change in the resident’s condition. She provides individualized support to residents, and their families, through family meetings or support groups, and assists through the transition process to a higher level of care. Lastly, she monitors the needs of residents routinely. Many clients are served by Champions Assisted Living. The minimum age, that a resident may be, is 55 years old (Davis, 2014). Both males and females are welcome, as well as, all ethnicities. As far as the needs of the clients is concerned, there are caregivers and nurses that are assigned to specific halls on each level of the building, and there are a lot of services for each individual resident. When it comes to doing research, the most Champions does is keep medical records, and do checkups on each patient that is there. Champions provides a variety of services. When it comes to care services, Champions offers assisted living, skilled nursing care, rehabilitation and wellness, dementia care, respite care, and end of life care. Champions has a special care Alzheimer’s unit, and offers many amenities. A few of these are emergency call units in each bedroom and bathroom, clinic services open seven days a week, weekly housekeeping and daily tidying, restaurant-style dining, an in-house beauty salon/barber shop, a wide variety of activities, including weekly field trips to restaurants and museums, laundry services, pharmacy services, and psychological services (Davis, 2014). There are governmental policies that influence how Champions assisted Living operates. One of them is the policy about the minimum age of residents. To be eligible to be a resident at Champions Assisted Living, one must be 55 years old or older. Another policy is a no smoking policy in private or public areas indoors (Davis, 2014). This was set in place because some of the residents have oxygen tanks they carry around with them. You are not supposed to have an open flame around one, under any circumstance. Feelings over Experience My feeling about the experience was that, mainly, it was fun. It was definitely a memorable experience. I learned a lot while I was there, about myself, and the population I want to work with in the future. The volunteering I did at Champions was enjoyable. I got to spend a lot of time with the residents. Volunteering there was definitely worth it. The agency is a great community for the older adults to live out the rest of their lives. It has a good atmosphere, and the staff were nice. I could tell the staff was qualified for their jobs. Continue Services I would be willing to continue to volunteer at Champions Assisted Living. Patrick White, author of Three Uneasy Pieces, summed up the public’s feelings about the older adult population in his own opinion. I would like to believe in the myth that we grow wiser with age. Those of a middle generation, if charitable or sentimental, subscribe to the wisdom myth, while the callous see us as dispensable objects, like broken furniture or dead flowers. For the young, we scarcely exist unless we are unavoidable members of the same family, farting, slobbering, and perpetually mislaying teeth and bifocals. (White, 1988) I am one of the few â€Å"young† who still view old age as wisdom. Every day that I volunteered, I learned something new from one of the residents. Sometimes it was as simple as experiencing a kindness I never had before. Other times, it was listening to their life stories. Older people have encountered some amazing incidents in their journey of life. When they shared their life stories, it gave me an insight about lifestyle in their time. The life stories I was told were very insightful to why things are the way they are in the present time. Also, it is very interesting to know about their adventures and the places they travelled to. I would be willing to provide services to any agency, not just an assisted living facility. I believe volunteering is very important, because you get to learn about new agencies, it looks good on a resume, and one can gain much needed experience from it. Human Behavior in the Social Environment In terms of human behavior in the social environment, I observed a lot of activities at the agency regarding client issues. I did not see much aggressive behavior. The old ladies were mean sometimes, though, during bingo. Most of the residents were really sweet, and non-confrontational. I didn’t observe any resistance to activities of daily living care. I also did not observe any depression. Sometimes when I was there, some of the residents would not want to partake in the activities, such as board games or trivia time. On these occasions, the staff had to be extra suggestive to get them excited about the activities. I noticed that everyone in memory care was forgetful in some way. For example, they needed assistance with walking to places or they would get side tracked very easily. Every resident at Champions Assisted Living needed assistance in some way. Conclusion Overall, I enjoyed volunteering at Champions Assisted Living. I would consider volunteering here again. I loved working with the staff, and visiting with the residents. I had fun watching all the old ladies play bingo, and I liked helping them. Champions is a nice facility. The Davis community, in total, is great. The campus is set in a nice location. It is close to the ocean, as well as, downtown Wilmington. I am glad I chose to do my service learning at Champions Assisted Living. References The Davis Community: Assisted Living in Wilmington NC. (2014). Retrieved April 9, 2014, from http://www.thedaviscommunity.org/ White, P. (1988). Three uneasy pieces. London: Jonathan Cape.

Blake :: essays research papers

A rebel all of his life, Blake was once arrested on a trumped up charge of sedition. Of course, he was a complete sympathizer with the forces of revolution, both in America and France. He was a personal friend of Thomas Paine and made the American War of Independence and French Revolution parts of his grand mythology in his America: A Prophecy and Europe: A Prophecy. Blake is frequently referred to as a mystic, but this is not really accurate. He deliberately wrote in the style of the Hebrew prophets and apocalyptic writers. He envisioned his works as expressions of prophecy, following in the footsteps (or, more precisely strapping on the sandals) of Elijah and Milton. In fact, he clearly believed himself to be the living embodiment of the spirit of Milton. Most of Blake's paintings (such as "The Ancient of Days" above, the frontispiece to Europe: a Prophecy) are actually prints made from copper plates, which he etched in a method he claimed was revealed to him in a dream. He and his wife colored these prints with water colors. Thus each print is itself a unique work of art. As an artist Blake broke the ground that would later be cultivated by the Pre-Raphaelites. His work is for the most part done on a very small scale. His illuminated works and engravings are all only inches in size, yet they are meticulous in detail. And each of them is, in a sense, merely a part of a titanic whole. A special note for students: Since we began The William Blake Page in 1994, we have received hundreds of emails from students asking (sometimes demanding in very rude language) that we provide literary criticism on our site or else personally write back with an analysis of one or more poems or themes in Blake's work so that they can use it to fulfill one of their classroom assignments. On occassion these emails have been so insulting that we have considered closing the site. The William Blake Page is NOT intended to replace the library. The Internet is a great place to research where to buy your next car or what they are wearing this year in Paris. But it not the best place to find literary criticism. For one thing anyone can post anything here, without benefit of editors or any other kind of check or balance to maintain reasonable accuracy.

An Analysis on the Interaction of the Different aspects on Human Development

Abstract The growing up process or the human developmental process has been an interesting topic of research in the field of Psychology. Great psychologists and sociologists have already provided up of the different theories and hypotheses about growing up. However, the application of these theories may not that easy for us to understand. Therefore this paper shall describe, compare, and contrast the developmental theories according to the psychodynamic, cognitive, learning, and humanistic perspectives.An Analysis on the Interaction of the Different aspects on Human Development  on the Overall Development of a Child Development or the growing-up process is the most crucial part of a person’s life. It is the time when changes in the cognitive, emotional, and biological aspects occur. Hence, this is the stage when a person needs utmost attention and guidance. This area has been a topic of interest for researchers for several years which led to the birth of Developmental Psycho logy as a separate field of study. Developmental psychology aims to grasp and provide a better understanding of the idea and significance of growing up in reaching a person’s full potential.To explain the process of human development, various theories were proposed by several psychologists. Hence, this paper aims to describe, compare, and contrast the developmental theories according to the psychodynamic, cognitive, learning, and humanistic perspectives. Psychodynamic Perspective Freud’s Psychosexual Theory There are various theories in studying the development in human life cycle. The first one is the Psychodynamic perspective. In this theory, the names Sigmund Freud and Erik Erikson hover among the others.Freud’s theory attempts to explain human development through what he calls the psychosexual stages. According to his theory, sexuality starts at a very early stage in a person’s life. Each stage is identified according to the specific pleasure source a child has on that stage. In case that a pleasure urge is not gratified, it may eventually lead to various fixations later in a person’s life (Institute of Human Thermodynamics [IoHT], 2005). Freud enumerates the different psychosexual stages as follows: Table 1 – The Psychosexual Stages Stage Pleasure source Conflict/Fixation Oral  (birth-18months)Mouth Oral Fixation- excessive eating, drinking, smoking, and biting of nails Anal (2-4 years) Anus Anal fixation o Anal retentiveness- too much orderliness/ cleanliness o Anal repulsiveness- messy Phallic (4-5 years) Genitals Oedipus (boys) or Electra (girls) complex, Castration Anxiety, Penis Envy Latency (6-puberty) Repressed sexual urges Genital (puberty onward) Physical sexual changes reawaken repressed needs. Social rules Freud also emphasized the effects of the Id, Ego, and Superego in the developmental process of a child. The id is the pleasure seeking part of individuals.This is the source of biological needs and drives. On the other hand, the superego is oftentimes in conflict with the id because it consists of the moral part of individuals, and it is more popularly described as the voice of the conscience. Finally, the ego operates under reality, and it is further described by Freud as the conscious mind which contains one’s thoughts, judgments, and memories (IoHT, 2005). In summary, the three main concepts of Freud’s psychosexual theory are: (1) pleasure and fixation; (2) sexuality at an early age; and (3) id, ego, and superego.Pleasure and fixation deals about the pleasure sources of an individual per stage and the fixation that may come if that certain pleasure will not be gratified. Sexuality at an early age on the other hand talks about the sexual pleasures an individual experiences during the early periods of life, which Freud explain to be the major source of all our frustrations as we grow old. Lastly he also talks the id, ago and superego which, for Freud, are the ce ntral controllers of our behavior. Freud’s psychosexual theory is similar to other developmental theories in several ways. First, it summarizes the developmental process into stages.Second, like other theories, this theory also talks about a child’s needs and the importance of gratification. Finally, it associates consciousness as a factor in each stage. However, the psychosexual theory appears to be different from other psychosexual theory in various ways. One of its unique features is that it deals with sexuality in the early years of a child’s development. Another distinct characteristic of this theory is that it does not involve other emotional and external factors. Lastly, it does not include other areas of growth aside from the sexual development.Erikson’s Psychosocial Theory Erikson’s theory deals with personality development. In this theory, Erikson summarized the Psychosocial Development of a person into eight different stages. The 1) trus t vs. mistrust, 2) autonomy vs. shame, 3) initiative vs. guilt, 4) industry vs. inferiority, 5) identity vs. role confusion, 6) intimacy vs. isolation, 7) generativity vs. stagnation and 8) integrity vs. despair. In each stage, a person deals with a crisis based on physiological development and the demands from the parents, guardians, or the society (Clifton & Davis, 1995).In summary, the three main concepts of Erikson’s personality development theory are: (1) a person’s search for an identity, which answers the question of why an individual goes through the different psychosocial development stages; (2) psychosocial crisis, which talks about the social and personal difficulties and problems that a person experiences whenever he or she was not able to overcome a psychosocial stage successfully; and (3) the ego psychology in agreement with Freud’s ego concept, which explains that the ego primarily controls the way a person acts and socializes.Erikson’s psy chosocial theory appears to be similar to other developmental theories in numerous ways. First, like other theories, it summarizes the developmental process into stages. Second, it talks about a child’s needs and the importance of gratification as well. Last, the psychosocial theory associates the effects of the social environment with a child’s development. However, some features of the psychosocial theory make it distinct from the other developmental theories. One of these features is that it believes that the ego is of utmost importance.Another characteristic of this theory that sets it apart from the others is that it believes that both social and sexual factors play an important role in personality development. Finally, it also deals with mental health. Cognitive Developmental Theory The most renowned proponent of the Cognitive Development Theory is Jean Piaget. In this theory, he points out that cognitive development is a process where a child’s knowledge and awareness of his/her surroundings is a function of experience and time.Piaget claims that children have this so-called â€Å"reflexes† at birth which control their behavior (Huitt & Hummer, 2003). These reflexes are then replaced with constructed schemes. He described the processes as Assimilation and Accommodation. Assimilation pertains to the process of using or transforming the environment so that it can be placed in a pre-existing cognitive structure (Huitt & Hummer, 2003).On the other hand, accommodation is the process of changing cognitive structures in order to accept something from the environment. Piaget further simplified his theory by enumerating what he called the stages of cognitive development: 1) Sensorimotor stage (infancy); 2) Pre-operational stage (toddler and early childhood); 3) Concrete Operational stage (elementary and early adolescence); and 4) formal operational stage (adolescence and adulthood) (Preisser, 1997).In summary, the three main concepts of Piaget’s Cognitive Developmental theory are: (1) reflexes and schemas are the main factors of a person’s behavior; (2) assimilation and accommodation, where assimilation is the process of using or transforming the environment so that it can be placed in preexisting cognitive structures, while accomodation is the process of changing cognitive structures in order to accept something from the environment (Huitt & Hummer, 2003); and (3) constructivist learning, which explains that the learning is mostly dependent on the learner and the teacher.It is the learner who interacts with his or her environment and thus gains an understanding of its features and characteristics (Thanasoulas, 2003). Some traits of Piaget’s Cognitive Development Theory are similar to other developmental theories include the following: (1) it summarizes the developmental process into stages; (2) it talks about a child’s needs and the importance of gratification; and (3) it emphasizes the role of the parents/guardians in a child’s development. However, certain characteristics of this theory make it unique and different from other developmental theories.These characteristics are as follows: (1) it focuses on mental development only; (2) it looks at the cognitive development not just as a series of several stages but also as a process as a whole; and (3) it does not look at the other factors, such as the social and emotional aspect of a child’s development. Learning Perspective: Social Learning Theory Among other theorists, Albert Bandura is considered as the leading proponent of this theory. According to J. E. Ormrod (1999), Social Learning Theory keeps its focus on the learning that occurs within a social context.This is means that people tend to learn through observation and modeling. This theory also proposes that learning is still possible to occur even without a change in behavior. This is because according to social psychologists, a person can learn through observation alone, and this may not manifest in one’s actions. The theory also states that learning becomes possible through cognition; that is, prediction of future rewards or punishments has a great effect on how a person behaves (Ormrod, 1999).In summary, the three main concepts of Bandura’s Social Learning theory are: (1) learning through observation and modeling, where people learn easily through observation and imitating another individual’s behavior; (2) cognition as a major factor of learning, which refers to an individual’s knowledge absorption, analysis, and processing; and (3) self-efficacy, which refers to how people feel, think, motivate themselves, and behave. Such beliefs produce these diverse effects through four major processes (Bandura, 1994).Bandura’s Social Learning appears to be similar to other theories as it: (1) focuses on mental and learning process; (2) emphasize the role of parents/guardians in a childâ€⠄¢s development; and (3) mentions about the significance of reinforcements in learning. However, this theory also differs from other theory because it: (1) emphasizes on modeling as a form of learning; (2) deals with self-efficacy; and (3) centers on the stages of the learning process rather than on the development process as a whole.Humanistic Perspective: Self Actualization and Hierarchy of Needs This theory is proposed by Carl Rogers. He explained through this theory that just like animals, plants, and other organisms, human beings have that natural urge to thrive and survive (Boeree, 2007). This theory also emphasizes the importance of positive regard and positive self-regard in the process of growing up which, he says, may eventually lead a person to accomplish his or her full potential and worth—the full functionality of a person.In summary, the three main concepts of Rogers’ Personality theory are: (1) self actualization which is concerned with the awareness or realization of one’s identity which helps to draw his/her utmost capabilities and potentials; (2) positive self-regard, which, just like self esteem and self confidence, helps build up an individual’s trust in his/herself that s/he can do anything that s/he endeavors; and (3) fully functioning person—a person who achieved self actualization and consistently has positive self-regard. Rogers’ Personality theory has characteristics that are similar to other developmental theories.These similarities include the following: (1) it sees people only as good, healthy, well, or ill; (2) it perceives mental health as a normal progression in life; and (3) it is person-centered (Boeree, 2007; Pescitelli, 1996). However, this theory has features that make it different from other developmental theories. These features include: (1) it is relatively simple; (2) it looks at cognitive development, not as a series of several stages but also as a process as a whole; and (3) i t does not take into consideration other factors such as the social and emotional aspect of a child’s development.Importance of Understanding the Developmental Theories in Helping Children Reach Their Potential All new born children need and deserve the attention, love, and support from their parents. However, the support and the care do not actually stop at that period of life; rather, it has only just begun. The most important period when a child needs proper care and guidance is during his/her early years. It is during this time when various factors, both internal (e. g. , thought processes) and external (e. g. , family), shape the personality of the child and what s/he can become (Day, 2008).It is also during this stage that children find their identity—who they want to be in the society and how they want to be treated as a person. In this development process, the cognitive, physical, and emotional aspects of a child are interrelated in a way that each one affects the child’s overall development in various ways. The cognitive aspect of a child’s development is directly connected to the other two since it is the mental processes which govern the rest of an individual’s activities and behavior.The physical aspect on the other hand is important to be developed properly since the physical capacities and limitations of an individual depend to that. Lastly, the emotional aspect also poses significance in a child’s development since this will determine how strong and how weak shall this person be in dealing with personal and social emotional issues in the future. Thus, the parents cannot just focus on one aspect of development; rather, these three aspects must be taken into consideration and must be given proper attention.In addition to this, a growing child is more vulnerable and more fragile compared to adults. For this reason, children must receive proper guidance in order for them to become good and useful members of the society. Through the theories discussed in this paper, it can be concluded that a child’s development is never as simple as gaining height and weight. It is not as plain as learning to write and read better through the days spent in school.In the process, the parents and the child’s environment actually mold him/her into a person who can reach his/her greatest potentials. If parents neglect or fail in this obligation, issues and problems may arise regarding a child’s attitude, behavior, and capabilities later on when s/he grows as an adult. Hence, just like a butterfly’s metamorphosis, parents want their children to grow with the most beautiful and strongest wings possible; that is, through understanding these developmental theories. References Bandura, A. (1994). Self-efficacy. In V. S. Ramachaudran (Ed.), Encyclopedia of Human Behavior (Vol. 4, pp. 71-81). New York: Academic Press. (Reprinted in H. Friedman [Ed.], Encyclopedia of Mental Health. San Diego: Academic Press, 1998) Boeree, C.G. (2007). Carl Rogers 1902-1987. Personality Theories. Retrieved October 16, 2008 from http://www.social-psychology.de/do/pt_rogers.pdf Clifton, A. and Davis, D., Psychosocial Theory: Erikson, Haverford College. Retrieved October 15, 2008 from http://www.haverford.edu/psych/ddavis/p109g/erikson.stages.html Day, A. (2008). Why understanding your child’s personality is so important. Helium. Retrieved October 16, 2008 from http://www.helium.com/items/942762-why-understanding-your-childs-personality-is-so-important Institute of Human Thermodynamics. (2005, December 26). Freud’s Psychodynamic Theory and Thermodynamics [1873-1923]. Retrieved October 15, 2008 from http://www.humanthermodynamics.com/Freud.html Huitt, W., & Hummel, J. (2003). Piaget's theory of cognitive development. Educational Psychology Interactive. Valdosta, GA: Valdosta State University. retrieved October 15, 2008 from http://chiron.valdosta.edu/whuitt/col/cogsys/piaget.html Ormrod, J.E. (1999). Human Learning (3rd ed.). Upper Saddle River, N.J.: Prentice Hall. Pescitelli, D. (1996). An Analysis of Carl Rogers’ Theory of Personality.Telford Hypnotherapy. Retrieved October 16, 2008 from http://www.telfordhypnotherapy.co.uk/An%20Analysis%20of%20Carl%20Rogers.doc Preisser, G. (1997). Theories and research. Developmental Psychology Student Net Letter, Mesa Community College. Retrieved October 15, 2008 from http://www.mc.maricopa.edu/dept/d46/psy/dev/Fall98/Theories/theories.html Thanasoulas, D. (2003). Constructivist Learning. Center for Southeast Asian Studies Northern Illinois University. Retrieved October 18, 2008 from http://www.seasite.niu.edu/Tagalog/Teachers_Page/Language_Learning_Articles/constructivist_learning.htm Syque. (2008). Freud’s psychosexual stage theory. Changing Minds. Retrieved October 15, 2008 from http://changingminds.org/explanations/learning/freud_stage.htm   

Banking Regulation Changes Essay Example Pdf - Free Essay Example

Sample details Pages: 4 Words: 1055 Downloads: 1 Date added: 2017/06/26 Category Finance Essay Type Argumentative essay Tags: Banking Essay Did you like this example? Provide an overview of changes in the bank regulations affecting foreign banks location decision, differentiating developed and developing countries. During the last few decades, internationalisation of banks has been increased. It often occurs in developing countries, where foreign banks enter their market. As a foreign bank, they have to overcome many problems when planning to establish their presence across border. Among them choosing a market is a finical job, where they have to bother about factors like culture, language and domestic bank regulations in the host countries and regulations differ significantly across countries. Changes and affect The banking regulations of host country that effect the location decision can be of Regulations on bank activities and banking-commerce links. Regulations on entry of domestic and foreign banks. Regulations on capital adequacy. Deposit insurance design. Supervision. Regulations on easing private-sector monitoring of banks. Government ownership of banks. (James R. Barth, Gerard Caprio, Jr. and Ross Levine) During 19th century, there were many barriers by the nations towards the foreign banks. These barriers can be broadly classified as explicit barriers and implicit barriers. Explicit barriers may be the rules and regulations limiting entry of foreign banks, their behaviour. Treating foreign banks differently from domestic banks is an explicit barrier. Prevention of the entry and expansion of foreign banks by the government in favour of the local or domestic banks is a type of implicit barrier. By the middle of 19th century, there appeared a trend of lower ing the barriers over time, which helps the banks to go global. Its found to be a lower penetration rate of foreign banks, about 10% in developed countries, whereas a much higher level is in developing countries, about 50%. A higher trend towards lowering both barriers over time was appeared in developing countries governments which results in a higher foreign bank penetration rate. Considering New Europe consisting developing countries like Poland, Hungary reduced ownership of state banks along with implicit and explicit barriers towards the entry of foreign banks and allows them to control most of their banking assets (Allen N. Berger).This happens mainly because of their transition from socialism. More over in some cases such as Estonia, Czech Republic the foreign banks takes over 90% of market shares. Some nations have explicit rules that limit the behaviour and expansion of foreign banks even after entry. For example, in India, foreign banks that purchase shares of local Ind ian banks are restricted to a maximum of 10 percent of voting rights and also face explicit additional capital requirements and permission for branch expansion (Berger, Klapper, Martinez-Peria and Zaidi, 2005). Similarly limits on financial ratios and minority ownership in china acts as barriers for foreign banks According to Bath, Caprio and Levine 2001, Developing countries set more restrictions on foreign bank entry and taking ownership of domestic banks, branching. In addition these countries have a stronger legal system and offshore financial centres. The lack of handling hard-information lending technologies rather than soft-information lending is also a barrier for foreign banks. The action of government officials, trying to prevent foreign entry and expansion in favour of domestically based institutions acts as a problem. This may include delaying foreign bank acquisitions. Apart from European and Asian countries the developing countries from Latin America has a very high rate of foreign bank penetration. But the reason for foreign presence in Latin America and Eastern Europe differs. Much of the foreign ownership in Latin America arises from liberalization and financial crisis. Another contributing factor is the small role for state owned banks. On the other hand, forces behind the foreign ownership in eastern Europe was combined of privatization of state owned institutions and dearth of private, domestic banks with expertise to take over these institutions. In case of developed countries referred here as Old Europe consisting Germany, Italy, France and USA removes most of their explicit barriers towards foreign banks. In addition, nations of Old Europe designed Single Market Program (SMP) which allows them to share a single banking market and banking license. So this helps their banks to cross border easily. Along with this, technological advances such as advances in information processing, financial technologies attracted foreign banks. The sh orter distances between the countries were an advantage. Here also there are barriers for foreign penetration. Whenever a new market opens up, the first one to take advantage are the banks in order to increase their profits. The Basle Committee on Bank Supervision has developed an extensive list of best practices for the regulation and supervision of banks, which is promoted by the International Monetary Fund and the World Bank. There is a strong sense that if only policymakers in countries around the world would implement particular regulatory and supervisory practices, then bank safety and soundness would improve, thereby promoting growth and stability (James R. Barth, Gerard Caprio, Jr. and Ross Levine). One of the reasons for the less penetration of foreign bank penetration in developed countries is the preventive regulation and protective regulation. Preventive regulations include market entry, capital adequacy, liquidity control, permissible business activities, foreign currency exposure, loan concentration and country risk. Protective regulations include deposit insurance and lender of last resort and emergency control.(Richard Dale). For example, to boost the economic growth, Individual states within the United States created a more competitive (and diversified) banking sector by liberalizing their branching restrictions. The regulatory response of the US banking crises of the 1930s was the creation of the deposit insurance system(Alfred Lewis and Gioia Pescetto). Banks from developed countries are likely to be more efficient and so have advantage over their competitors in host market. More regulations that affect the location can be economic integration, institutional characteristics and profit opportunities. (Dario Focarelli). The utmost percentage ownership of a banks capital is higher among higher income countries than lower ones. The stringency of capital requirements is lower for lower income countries than for upper income countries. There is a clear trend for the restrictiveness of bank activities to decline as one move from the lower income countries to the higher income countries. Don’t waste time! Our writers will create an original "Banking Regulation Changes Essay Example Pdf" essay for you Create order Conclusion Summarising the above data, changes in banking regulations during the 19th century makes the globalization of banks possible. The penetration in developed countries seems to be least as compared to developing countries. Lower income countries as a group are no more restrictive to foreign banks than upper income countries.