Writing analytical essay
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Monday, August 24, 2020
DBQ Middle Ages Essay
The Middle ages started after the fall of the Roman Empire. It tends to be characterized as a period of negligible social and logical accomplishments, enduring, feudalism, and intensity of the congregation. The marks for the Middle Ages that best depict the time somewhere in the range of 500 and 1400 in Europe are the Dark Ages, the Age of Feudalism, and the Age of Faith. The Middle Ages ought to be named the Dark Ages in view of the long stretches of experiencing that was caused attacks. Intruders, for the most part from the North, would come into towns and totally devastate to everything. These intrusions made individuals live in dread and desert their homes in asylum of more secure spots. In report one, ââ¬Å"They sacked town and town and devastated the fieldsâ⬠¦there is not, at this point any exchange, just endless terrorâ⬠¦the individuals have gone to fall down in the profundities of the timberland or unavailable regions.â⬠Besides peopleââ¬â¢s homes being wrecked from intrusions, numerous individuals were slaughtered and their things and even friends and family taken. In report 3, ââ¬Å"842, in this year there was an extraordinary butcher in London and Quentavic and Rochesterâ⬠¦843 the Northmen, with their pontoons loaded up with goods, including the two men and merchandise, come back to their own country.â⬠The Dark A ges has a negative undertone to it, so this mark appropriately coordinates the horrible attacks that happened leaving families crushed. The Middle Ages ought to likewise be marked the Age of Feudalism on account of the nonappearance of supreme power that was supplanted by nearby political association known as the medieval framework. The medieval framework depended on dedication and commitments between landowners in their vassals. In return for assurance and land (fiefs) from the Lord, the vassle gave the Lord his dependability, military assistance, and payment if necessary, as appeared in the medieval commitments of report 4. After the fall of the Roman Empire, its regions in Europe needed to shield themselves from outside intruders. To do this, these nearby realms offered land to those ready to send knights so as to ensure the realm. In Document two John of Toul is a vassle to the tally and royal lady of Champagne and makes the Homage Vow, ââ¬Å"I, john of Toulâ⬠¦will send to the Count and Countess of Champagne the knights who is administration I owed to them for this fief which I hold.â⬠Without the dependability and administration from the vassals to the landowner, the medieval framework would crumbleâ leaving that domain unprotected against intruders and adversary realms. At last, the Middle Ages ought to be marked the period of confidence due to the strong association and force the Catholic Church illustrated. The intensity of the congregation can simply be seen through its houses of prayer as appeared in archive 10. A great deal of cash, materials, and work were required to manufacture the house of prayer and just a well off and incredible association could fabricate them. The congregation even attempted to restrain fighting between proprietors by proclaiming long stretches of harmony when no fights or assaults could happen. In archive 5, the Church trusts in the expression of God and required the recognition of the Truce of God, ââ¬Å"on each Sunday, Friday, and Saturday, and on feast days nobody may submit murder, fire related crime, theft, or assault.â⬠Besides power, the Catholic Church had a great deal of impact over individuals. A few people surrendered the existence they knew to follow God and join an ascetic request. This is clear in record 8, a selection adjusted from religious promises taken by a sibling that had a normal life yet surrendered it for an existence with God. ââ¬Å"I deny my own will for the desire of Godâ⬠¦I acknowledge all hardships of the devout lifeâ⬠¦I guarantee to stay a priest in this monastery.â⬠The calling of Crusades by the congregation shows its impact it had over individuals even in the midst of war. Pope Urban II was the leader of the Catholic Church and he trusted it was Godââ¬â¢s will to require a campaign to recover the sacred grounds. In archive 9, ââ¬Å"your brethren of the Middle East are in pressing need of your helpâ⬠¦the Turks and Arabs have attackedâ⬠¦they have involved increasingly more of the terrains of the Christians.â⬠Document 8 shows the churchââ¬â¢s strict impact while record 9 shows its political impact. Taking everything into account the Dark Ages, the Age of Feudalism, and the Age of Faith are names that best depicts the Middle Ages. The Middle Ages were low on social and logical accomplishments and lived off of the information from civic establishments before them. Archive 6, ââ¬Å"it plays out the capacity of the information and fortunes of what had come before.â⬠Its yield of imagination and inventiveness didn't in any capacity outperform the disturbance from attacks, political association from feudalism, or the influence of the congregation, to be known as a brilliant age. Report 7, ââ¬Å"medieval culture was in great, was confined to a tight hover of better minds.â⬠Than better comprehend thatâ the Middle Ages delivered a low measure of social and logical accomplishments I would require an extra record of a rundown of accomplishments created during this period. I would have the option to contrast this with different accomplishments delivered in human advancements during their Golden Age.
Saturday, August 22, 2020
Sample SWOT analysis Essay Example for Free
Test SWOT investigation Essay SWOT investigation shows qualities, shortcomings, openings and dangers. This example SWOT investigation for David Jones can give an upper hand. Qualities Land is A Strength of David Jones(Has more than 200 retail locations in France and Luxembourg)- David Jones Interesting Products David Jones Brand Name David Jones(since 1838 ) Residential Market Store areas as Low hazard and high worth areas Shortcomings - serious market (Mayer .Woolworths. Coles Group .Wesfarmers) - interests in innovative work Constrained worldwide infiltration Openings - pay level is at a consistent increment - funding - new items and administrations - new acquisitions - developing interest Dangers - worldwide economy - charge changes - surprising issues - developing rivalry and lower productivity SWOT Analysis Quality 1.Strong local nearness in Australian market in design, power and food items 2. Assortment of items advertised 3.Store areas as Low hazard and high worth areas 4. Has more than 200 retail locations in France and Luxembourg Shortcoming 1. Because of numerous alternatives accessible, brand exchanging is high and low brand dependability 2. Constrained worldwide infiltration Opportunity 1. Going into pharmaceutical business 2. Utilizing on brand name David Jones to go into other product offering augmentation Dangers 1.Increasing local rivalry as new brands coming continually 2. High brand exchanging by clients implies restricted brand devotion
Monday, July 20, 2020
Review on Article by by Michael L. Ross
Review on Article by by Michael L. Ross âHow Do Natural Resources Influence Civil War? Evidence from Thirteen Casesâ Nov 27, 2019 in Article Review Introduction The following paper is devoted to the overview and the consistent critique of the article How Do Natural Resources Influence Civil War? Evidence from Thirteen Cases by MichaelL.Ross. The indicated work discusses the problem of resource allocation during the civil wars. In fact, the author analyses the impact of the war duration on the wealth in the countries, trying to find the mechanisms behind the resource-conflict correlation on the basis of the 13 Civil wars in Afghanistan, Angola, Burma, Cambodia, Colombia, the Republic of Congo, the Democratic Republic of Congo 1, the Democratic Republic of Congo 2, Indonesia (Aceh), Liberia, Peru, Sierra Leone and Sudan (Ross, 2004). Summary The paper details several hypotheses about the resource influence on the war conflicts, specifying the observable implications and reporting which of these can be observed in the most likely sample of 13 cases. The author uses three types of analysis. If the hypothesized causal mechanisms can be observed in the thirteen cases, they may be considered plausible. If the pointed mechanisms cannot be observed in the studied cases, the mechanism is unlikely to be valid more generally. Any of the cases may be used in order to develop the new hypotheses. The above-mentioned three types of analysis have led to the seven findings (Ross, 2004): The natural resources and wealth are usual causes of the civil conflicts. It means that the resources and wealth make conflicts more likely to occur and last longer. The oil, non-fuel minerals and illicit drugs are the main factors that influence conflicts while other types of primary commodities usually seem to be unrelated to the civil wars. The looting and grievance mechanisms do not appear to be valid as the most popular causal mechanisms. However, they can raise the low-level and separatist conflicts. Resources and wealth do not always make existing conflicts worse, i.e. resources sometimes have contradictory and even beneficial effects over the course of a civil war. There is no single, ubiquitous mechanism that causes the conflicts. Each one has the multiple varieties of causal linkages. The resources play different roles in separatist and non-separatist conflicts. Grievances over the resource and wealth distribution usually initiate separatist wars and have no effect on the non-separatist conflicts. The most popular reasons of civil wars are usually connected with unforeseen mechanisms of the political and national descent (Ross, 2004). Critique The article provides the well-defined and relevant to the discussion content. It is written in the organized way using simple and understandable language. Each paragraph of the article is defined clearly, which makes it easy to read. The references to the tables with the statistical data provide the important information in the convenient manner and stimulate the readers critical thinking about the possible reasons of the civil wars. Conclusion Since the beginning of existence, mankind has constantly been in a state of war, no matter if the war has been among individual groups or it has been the global conflict. The military conflicts have variety of causing reasons, i.e. the religious aspects, personal insults, cultural reunion etc. However, the most popular reason is usually practical. The desire to provide the access to the essential natural resources pushes states to wage war on the completely spurious grounds. Unfortunately, the common sense and diplomacy not always help to prevent the conflicts. The analyzed data needs the further research. Nevertheless, the article is a good beginning of the researches devoted to the problems of endogeneity and spuriousness of the civil wars.
Thursday, May 21, 2020
Homeland Security Document - 1256 Words
The Department of Homeland Security website explains the basic information of the REAL ID Act that was passed by congress in 2005. The web site provides important dates such as implementation dates and the dates that all states are required to be in compliance with the Act. It states that the United States Congress feels that the Act sets the standard for regulating new state identification cards and establishes minimum security regulations for the new identification card regarding security enhancements on the identification cards themselves. There is also information pertaining to the phases where citizens without an enhanced driverââ¬â¢s license will not be able to access certain facilities such as restricted areas, nuclear power plants, andâ⬠¦show more contentâ⬠¦Department of Homeland Security. (2005). REAL ID Act Title II H.R. 1268. Retrieved from https://www.dhs.gov/xlibrary/assets/real-id-act-text.pdf. This is the Title that was passed by United States Congress in 2005 in response to the necessity for better regulation requirements of state identification cards and driverââ¬â¢s license. It provides a full list of the required information that must be included on identification cards for states and citizens to obtain an enhanced driverââ¬â¢s license. Some of the specific requirements are full names, date of birth, gender, license and identification card numbers, resident verification, a signature, and security features that would make tampering more difficult. It also has document requirements like state and photo identifications, birth certificates, marriage certificates, and address verification documents including electric bills, income tax, mortgage notes. It includes material on the use of passports and immigration documents. There is a section that deals with criminal penalties for attempting to use a driverââ¬â¢s license inappropriately. Lastly, there is a short prev ision that offers grants for states to assist them in meeting the requirements set forth by this title. This again, is factual information provided by the United States Government. The information contained in the title section is likely the most vital source of my essay. Friedland,Show MoreRelatedHomeland Security And The Security1435 Words à |à 6 Pagesdefined to the point it is today. The Homeland Security Department is a fairly new program which is constantly improving and adjusting in accordance to the threats that may arise. In the attempt to secure the United States, homeland security has become paramount and a lot of emphasis is being provided so as to ensure the safety of the borders and the citizens of the United States. So one must ponder what the difference between homeland security and homeland defense are since they both tend to meanRead MoreThe Security Of The Homeland Security Enterprise Essay916 Words à |à 4 PagesThe homeland security enterprise has progressed much in the past few decades, especially after the attack on September 11th. It has been necessary for the DHS to grow and adapt as new and more dangerous threats became known. However, as more threats are prevented successfully, newer and sometimes tougher challenges for the DHS arise. In an effort to pinpoint the most important things affecting the nation, strategic plans are used, sometimes in the form of multi-missions plans, in order to separateRead MoreStrategic Challenges For Local Communities1212 Words à |à 5 Pages Strategic Challenges for Local Communities The Department of Homeland Security released the 2014 Quadrennial Homeland Security Review on June 18, 2014 as required by the Homeland Security Act of 2002 and its amendments. This review outlined the current state of preparedness, as well as the future areas of concentration. It also determined six strategic challenges facing the nation: terrorist threat; growing cyber threats; biological concerns as a whole; nuclear terrorism; transnational criminalRead MoreThe National Incident Management System1579 Words à |à 7 Pagesincident management to reduce loss of life and property (U. S. Department of Homeland Security, 2008). The core aspect of the National Incident Management System during incident response is the Incident Command System (ICS), which provide agenda for integration of different organizations involves in emergency response efforts through coordination and collaboration of incident management efforts (U. S. Department of Homeland Security, 2008). However, while NIMS is extol for its standardized responseRead MoreHomeland Security1085 Words à |à 5 Pagesï » ¿ AMERICAN MILITARY UNIVERSITY HOMELAND SECUIRTY Brittany Staley HLSS302: Paper #2 May 11, 2014 In the years since 9/11, homeland security has turn out to be frequently and generally identified as both a word and as a Federal department. However, a large amount has been learned since 9/11 concerning the array of further challenges we face. Hurricane Katrina strongly illustrates the general impact of weak preparedness andRead MoreU.s. National Security Strategies And Policies1231 Words à |à 5 PagesFor this progress assignment I would like to describe homeland security as it is defined in the various U.S. national security strategies and policies. In addition I would like to speak to the difference between Homeland Security and Homeland Defense to include mission areas, task, operational responsibilities, and coordinating efforts. Homeland Security The establishment of the Department of Homeland security is, undoubtedly, a result of the lessons learned and identification of the need to protectRead MoreRisk Management Within The Homeland Security1115 Words à |à 5 Pages Risk management within the homeland security Dustin S. Smith American Military University Abstract The department of homeland security uses an equation that will assess our economy, actions, public affairs, natural occurrences, consequences, threat, and vulnerability of threats. The component itself can be quite complex and problems exist in components through risk measures. The performance of modern technology depends on combinations of specific systems that are affectedRead MoreThe Transportation Service Administration Directorate1734 Words à |à 7 PagesTransportation Service Administration directorate, which is a directorate under the department of homeland security. The main purpose of this directorate is to ensure the safety of the United Statesââ¬â¢ transport infrastructure. The main objective of this paper is to analyze the objectives of the TSA and determine whether they are in alignment with the objectives of the department of homeland security. This ensures that the directorate works towards achieving the overall goal of the DHS as stipulatedRead MoreRisk Assessmen t : A New Standard Of Security For The Homeland Security1173 Words à |à 5 Pagescommission was erected. A new standard of security for the homeland had to be met and the establishment of the Department of Homeland Security. This brought about the question, what assets to we need to protected and how will we as government fund and protect the security of those assets? The 9/11 commission report was released on the 22nd of July, 2004. Within its pages it was discussed how the nation would move on from this tragedy in the security mind set. The document stated that between the years ofRead MoreAirport Security : A Security935 Words à |à 4 PagesBrandon Barstad Mr. Popko English IV 20 November 2014 Airport Security Airport security is a problem in the United States. As a nation we should improve airport security so that we donââ¬â¢t suffer terrorist attacks. One lack of airport security was 9/11. 9/11ââ¬â¢s problem with security was that the people signed up to be airline pilots, but they were terrorists. Another was the shoe bomber. There the problem was at the time they never scanned the shoes for anything in them. Richard Reed is the one that
Wednesday, May 6, 2020
Essay on Loss of Faith in Hawthornes Young Goodman Brown
Loss of Faith in Young Goodman Brown In the Bible, God commands Moses to go up Mount Sinai to receive divine instruction. When he comes back, his people, the Israelites, have gone crazy. They have forgotten Moses, and forgotten their God. They form their own god, a golden calf, and build an altar. They even had a festival for the golden calf. Afterward they sat down to eat and drink and sat down to indulge in revelry (Exodus 32:6). Moses then went down the mountain and got so angry that he smashed the tablets with the Ten Commandments on them. The Israelites lost faith because they could not see the God they were worshipping, so they forgot him and began worshipping a false idol. The Israelites are not veryâ⬠¦show more contentâ⬠¦The Devil carries a staff that bore the likeness of a great black snake (Hawthorne 318). Hawthorne uses this as a reference to the story of Adam and Eve in the Bible. The serpent in the Bible led Eve to eat of the Tree of Knowledge. Eating from this tree barred Adam and Ev e from paradise (Genesis 3). The staff in Young Goodman Brown leads Goodman Brown to the ceremony in the forest. Goodman Browns faith is destroyed after the ceremony. Later Goodman Brown declares that he comes from a race of honest men and good Christians (Hawthorne 318). The Devil reminds him of all of the wrong that these men have done. This causes loss in faith because Young Goodman realizes that all of his forefathers have done bad deeds in the name of good. Pride causes man to lose faith. Man also loses faith because of erroneous values. Man often believes that good deeds can erase evil deeds. Young Goodman Browns young wife, Faith, symbolizes mans religion. Before leaving for his evil deed in the forest, Young Goodman Brown says, After this one night Ill cling to her skirts and follow her to heaven (Hawthorne 317). Man often justifies misconduct by doing good actions. A person may go out on a Saturday night and get drunk, but the next morning he will be in church, hoping to redeem himself. Many times man believes that he is alone in his faith. Near the end of the story, Young Goodman Brown cries out Faith! Faith! LookShow MoreRelated Goodman Brownââ¬â¢s Loss of Faith in Hawthornes Young Goodman Brown1492 Words à |à 6 Pages Nathaniel Hawthorne wrote Young Goodman Brown based on morals and what Easterly in Lachrymal Imagery in Hawthornes Young Goodman Brown calls spiritual maturity (Easterly 339). In the short story, Goodman Brown, a young Puritan lea ves his wife of three months to watch a witch ceremony in the forest. During this point in time, Puritans based their lives on teachings of religion and morality; therefore, witch-meetings were surely immoral, and they betrayed the commitment of God. Dwelling inRead More Essay on Loss of Faith in Hawthornes Young Goodman Brown874 Words à |à 4 Pages Young Goodman Brown:nbsp; Loss of Faith nbsp; Faith can be defined, as a firm belief in something for which there is no proof. Young Goodman Brown is about a man who leaves his wife, Faith, at home alone for a night while he takes a walk down the road of temptation with the devil. Along the road he sees many people that he would never expect to see on this road, his wife included. He returns to his life in Salem a changed man. In Young Goodman Brown Nathaniel Hawthorne uses symbolismRead More Ambiguity and Uncertainty in Hawthornes Young Goodman Brown1512 Words à |à 7 PagesAmbiguity and Uncertainty in Young Goodman Brown à à à In Young Goodman Brown, Nathaniel Hawthorne, through the use of deceptive imagery, creates a sense of uncertainty that illuminates the theme of mans inability to operate within a framework of moral absolutism. à Within every man there is an innate difference between good and evil and Hawthornes deliberate use of ambiguity mirrors this complexity of human nature. Hawthornes Young Goodman Brown, is misled by believing in the perfectibilityRead More Absence of Absolute Good or Absolute Evil in Hawthornes Young Goodman Brown1468 Words à |à 6 PagesAbsence of Absolute Good or Absolute Evil in Young Goodman Brown à à à Lo! There ye stand, my children, said the figure, in a deep and solemn tone, almost sad, with its despairing awfulness, as if his once angelis nature could yet mourn for our miserable race. Depending on one anothers hearts, ye had still hoped, that virtue were not all a dream. Now ye are undeceived! Evil is the nature of mankind. Evil must be your only happiness. Welcome, again, my children, to the communion of your raceRead MoreNathaniel Hawthorne s Young Goodman Brown847 Words à |à 4 PagesFaith is a word often used to describe the trust that one has in God; as expressed in a novel written by Nathaniel Hawthorne, ââ¬Å"Young Goodman Brown.â⬠In Young Goodman Brown, one of Hawthorneââ¬â¢s biggest themes is faith. Hawthorne wrote this story to illustrations how temptation and the views of others can influence the way an individual lives. ââ¬Å"Young Goodman Brownâ⬠takes place in the 1800s during the time of the Salem Witch Trials; where emphasis was po sitioned on the strict moral rules and the searchRead More Nathaniel Hawthornes Young Goodman Browns Apocalypse Essay1006 Words à |à 5 PagesNathaniel Hawthornes Young Goodman Browns Apocalypse à à à à à à Most criticism and reflection of Nathaniel Hawthornes Young Goodman Brown centers on a good versus evil theme. Critics also debate interpretations of the main characters consciousness; is Brown awake or dreaming.à What is certain is that he lives and dies in pain because his belief in his righteousness isolates him from his community.à It is also certain that Hawthornes interpretation of Browns mid-lifeRead MoreAnalysis Of Hawthorne s Young Goodman Brown 946 Words à |à 4 Pages In Hawthorneââ¬â¢s ââ¬ËYoung Goodman Brownââ¬â¢ the main character, Goodman Brown leaves his wife alone for a night to go to a secret meeting in the forest. As it turns out the religious Goodman Brown is actually sneaking off to meet with the Devil. While in the forest with the devil he sees many influential people from town there as well, including his wife. They seem to be about to be taken into the cult when Goodman Brown looks at his wife and begs her to remain with her Faith. Next thing he knows heRead MoreYoung Goodman Brown:: Analyzing Browns Identity1190 Words à |à 5 PagesIn the short story ââ¬Å"Young Goodman Brown,â⬠Nathaniel Hawthorne sets the locale of the story during the Salem witch trials at his convenience to include the Calvinist theme of sin, that belief in which formed the early history of New Englandââ¬â¢s social and spiritual identity. As a dark romantic, Hawthorne includes the elements of human nature, mysticism, good and evil, and one ââ¬â¢s own spirituality to convey his message to the reader. However, it is left to the readerââ¬â¢s own digression to interpret his ambiguousRead MoreBiography of Nathaniel Hawthorne1273 Words à |à 6 Pagescharacter, views, and faith. Although all parents try their best to successfully raise their children, even the most perfect of families cannot hide their deep, dark secrets forever. Raised as a Puritan, Nathaniel Hawthorne grew up with a devout family intensely immersed in religion. As he matured, Hawthorne discovered that his seemingly pious family was disturbingly flawed, a discovery that would radically change his life. In his short story ââ¬Å"Young Goodman Brown,â⬠Nathaniel Hawthorneââ¬â¢s Puritan family secretsRead MoreYoung Goodman Brown964 Words à |à 4 PagesOne: Reader-Response Criticism Nathaniel Hawthorneââ¬â¢s ââ¬Å"Young Goodman Brownâ⬠is a short story in which the author attempts to convey several different messages or themes throughout the literary piece. Themes in literary works can sometimes be better understood by analyzing the piece with a specific literary criticism technique. A few of these literary criticism techniques include Marxist, Formalism, and Reader Response just to name a few. Given Hawthorneââ¬â¢s style of writing and this short story in
Correctional Facility Free Essays
Andrea J. Paige January 30th, 2013 1. What is the biggest problem facing correctional facility today? The biggest problem that correctional facilities are facing is prison overcrowding. We will write a custom essay sample on Correctional Facility or any similar topic only for you Order Now This is because most court officials have the thought that locking people up and throwing the key away is the best solutions to the problem of crime, when in fact itââ¬â¢s really not better for society because crime still rises in fact it is better for political court officials. They know this is not helping but if it gets them voted for because society thinks itââ¬â¢s safer then lock them up and throw the key way. What should the primary goal of corrections be? The primary goal of corrections should be to rehabilitate the offender. If rehabilitation is successfully done it would help the offender to become a productive member of society after they are released from prison. These things would have to take place from the moment they arrive at the prison like drug treatment, vocational training, and therapeutic counseling to try and find the source of the offendersââ¬â¢ issues. 2. Describe restorative justice and its pros and cons. Restorative justice is justice that tends to the needs of the victim as well as the offender and also the community that is involved instead of punishing the offending party. The victim takes part in this process to encourage the offender to take responsibility of their actions by attempting to repair the damage that has been done. The pros to restorative justice is that it is considered fair and also the offender may experience how the victim felt at the time of the incident. The cons are how you measure the crime or the needed punishment and how does one judge what the appropriate punishment is. . 3. What is the most effective management style for a prison? Fully explain and give examples. The autocratic management style shows to be the best for the prison system because why does the inmate need to be able to help set rules inside of the prison nor do the employees. There needs to be set rules for everyone to follow inside of the prison because with too many people controlling the rules at some point some things will be out of order. 4. How has the changing legal context influenced the growing problems of mentally disordered offenders in corrections? There have been some recent changes in the way the law is carried out that makes it more difficult to send mentally ill offenders to non-correctional programs. A lot of patients who were housed in hospital are now doing time in prisons because of an increase of these types of offenders being caught with drugs so the mentally ill drug user are experiencing harsher sentences. 5. In planning and designing reentry programs what steps are to be taken? Fully explain The target for each of the reentry facilities will be different according to the needs of the local community. Inmates will be moderate to a high risk to recidivate. The incentive to participating in the reentry program will be only with the possibility of gaining employment prior to release, participating in the various treatment programs, family reunification and working with a caseworker and also some of these services will also be needed: Reentry Planning Teams, Urban Location for SCRF, Availability of Wrap-A-Around Services, Availability of Employment, Countyââ¬â¢s Mental Health, Public Health and Social Services Departments How to cite Correctional Facility, Essay examples
Sunday, April 26, 2020
World Bank and IMF
Introduction Often times, the world has suffered terrible financial crises. The most severe being the 2007-2008 global financial crisis. Every time, a financial crisis has struck, economic policy makers meet in a conference like they did in 1944 in Bretton Woods conference (Hellener, 2010, p. 1).Advertising We will write a custom essay sample on World Bank and IMF specifically for you for only $16.05 $11/page Learn More However, the crisis has been recurrent regardless of the many policies that have been formulated. The failure of the policies in implementation has more often been blamed on policy mistakes made by developing world where the crisis emerges from (Hellener, 2010, p. 10). Out of this, the solution in 1980s was perceived could originate from loaning the developing countries. International Monetary Fund (IMF) and World Bank were given the role of protecting global market from sovereign defaults and promote the adjustment programs in developing countries (Hellener, 2010, p. 9). This paper will seek to evaluate the effects of IMF and World Bank in the developing countries. IMF and World Bank effects on Developed and Developing Countries Both IMF and World Bank definitions of developed and developing counties are based on either high or low capital incomes which in turn depict the degree of interaction into the global financial system. Their definitions have created an aspect of losers and winners (Esty, 2002, p. 2) where the developed countries are the winners, and the developing countries are the losers. The developing world has been placed in a losing position; most often than not, they are in need of support as they do not meet the set standards of the definition. It has always been an unfair judgment as the benefits of global trade may not be fairly distributed because not in all countries people are able to access free trade and fair economic growth (Esty, 2002, p. 3). Therefore, the developing countries are the ones who have been utilizing the policy set in Bretton Woods conference of borrowing, and thereby, giving IMF and World Bank a great chance of influence as policy enforcers. The influence of IMF and World Bank has greatly ââ¬Å"contributed to the strengthening of the macroeconomic framework of member countries, reducing the public sector deficits and public debt accumulation, improving monetary control and reducing the distortions and dislocation of resources brought about by high rates of inflationâ⬠(Buira, 2003, p. 1).Advertising Looking for essay on international relations? Let's see if we can help you! Get your first paper with 15% OFF Learn More This has set the developing countries at a vulnerable position where they are the ones always borrowing money from the developed countries in order to pull up their economies. The capital flow ceases to be from the developed to the developing as the developing repays the loan. Most countries, for instance, have tried to use the ââ¬Å"theory of the second bestâ⬠but have been greatly opposed by IMF. The theory works when a country in a crisis through government intervention improves its welfare by the introduction of another country that is performing better economically (Buira, 2003, p. 1). This move was criticized by IMF even after Asia blaming the crisis on the speculative global financial flows (Hellener, 2010, p. 10). With such a kind of interference, Asia was not in a position to fill up the economic gap that was there hence the reason for its continued deterioration in the economy. The idea of ââ¬Å"market mechanismâ⬠developed in both IMF and World Bank operations have posed a very bad inequality problem for the countries that participate in the global financial markets. This is because, for a country to be considered as developed or developing there are factors like locality, population, and available resources that need to be considered. For example, it will be unfair to judge a country that does not participate in international trade for lack of resources to a country that has oil, gold and other minerals, which facilitate the same. There is, therefore, a global inequality as 20% of the world population takes 80% of the global resources while the rest is shared the remaining 20% of the world population. No wonder the gap between the 80% of the population that lacks even the basic amenities gets (Danaher, 2001, p. 25). However, time has revealed the hidden tricks played on developing countries. For example, in 2007-2008 during global financial crisis, China by market capitalization remained the only one that had the three largest banks. This exposed the U.S., having been one of the countries considered to be developed dependent on foreign support from China and elsewhere (Hellener, 2010, p. 11). This makes it illegitimate to consider US and Britain as having more economic power than China. There is a call to policy makers and financial analysts to questio n the stability of the developed countries without the support of the developing countries. The cited example proved that financial flow is from the under developed to the developed world which leaves the developing world with more needs than the developed world yet they contribute a lot to the global economy.Advertising We will write a custom essay sample on World Bank and IMF specifically for you for only $16.05 $11/page Learn More The policies of IMF and World Bank to rely on market solutions and international trade have been challenged with time. A countryââ¬â¢s economic power cannot be categorized by what the market produces as the market only achieves certain goals. This has caused its fault in evaluating the market failures that cause limited resource circulation in the developing countries (Buira, 2003, p. 3). For example, in a continent like Africa with a stable local economy had not suffered a financial crisis before the global trade came i n. Everything was traded locally and there was no lack. One did not need to have money as the mode of trade was barter trade. Global trade has brought everything to tumble as the currency stability cannot be predicted. The U.S. dollar being the standard global currency keeps on fluctuating in value hence affecting the countries whose currencies are weaker than the dollar. This causes a great inequality where the market favors those with money as they make more money from the people who do not have. To sum up, the poor get poorer and the rich get richer, finally making it difficult for the gap to be bridged (Danaher, 2001, p. 32). World Bank and the IMF are the most powerful enforcers of growth and a system of measurement that hides the social and environmental cost of market-led growth. Any eminent change from them will flow down to every other person and foster economic progress (Danaher, 2001, p. 32). To regain their position to the public that has lost trust in them as economic l eaders, they will be needed to start by correcting the mistakes they have done in setting unrealistic policies, which at the end get challenged every time there is a crisis. They also need to get back to the public where they, together with the public, will look for solutions that will operate at all times without subjecting any given country to any more financial risk. Conclusion From the discussion, it is evident that IMF and World Bank have contributed greatly to the widening of the gap between the developed and the developing counties. This comes about from their definition of the two, creating a superiority factor whereby, and countries with highest global finance interaction are being considered as developed.Advertising Looking for essay on international relations? Let's see if we can help you! Get your first paper with 15% OFF Learn More The consideration has created financial inequality where the developed countries, which have the least population, enjoy the biggest share of the global economy while the rest remains to share the remainder. The results of this are that the rich countries continue becoming richer, and the poor countries get poorer. However, this has been challenged as it was analyzed in 2007-2008 that the developed countries actually depend on the developing counties. There is, therefore, a need for the World Bank and IMF to revise their policies and get back to re-establishing the developing countriesââ¬â¢ economy. They should device a way where the resources in the developing countries will remain with them to help them further in development. References Buira, A 2003, Challenges to the World Bank and IMF: developing country perspective, Wimbledon Publishing Company, London. Danaher, K 2001, 10 Reasons to Abolish The IMF and World Bank, Seven Stories Press, Washington, D. C. Esty, D 2002, â⬠ËThe World Trade Organizationââ¬â¢s legitimacy crisisââ¬â¢, World Trade Review, vol. 1, no. 1, pp. 7ââ¬â22. Hellener, E 2010, ââ¬ËA Bretton Woods Moment? The 2007-2008 crisis and the future of global financeââ¬â¢, International Affairs, vol. 86, no. 3, pp. 619ââ¬â636. This essay on World Bank and IMF was written and submitted by user Willow Allen to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.
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