Finance and Accounting Essay Example | Topics and Well Written Essays - 1000 words

Finance and Accounting - Essay Example The author’s claim makes it seem as if globalization was the only reason that so many people came of poverty during this timeline. I think that the author’s argument lacks an in-depth analysis of other factors that also contributed to the economic progress in these countries. For instance in China the governments’ policy to open up the economy into the free market was equally or more influential than the globalization movement at reducing poverty. Another factor that helped the people of China get out of poverty was industrialization (Xinhua, 2007). The globalization movement has helped China and India become major players in the global trade of goods and services. In 2009 China overtook Germany to become the world’s top exporter (Nytimes, 2010). I agree with the author that the use of free trade initiatives were instrumental in spurring economic activity. An argument that I thought was offensive to the reality of a country that is struggling to help its p eople out of extreme poverty was the author’s claim that the government and people of the Sub-Saharan Africa are resisting the globalization movement. If this hypothesis was true I would have liked to have seen some evidence to proof the author’s claim. Sub-Saharan Africa is one of the poorest regions in the world. The poverty rate of the region is expected to reach 38% by the year 2015 (Undp, 2012). The virtues of globalization would greatly help the people of Africa. Sub-Saharan Africa has deep issues that are limiting economic growth such as a lack of infrastructure in terms of roads, electricity, and water scarcity. The author in the article should have pointed out some of the constraints that are limiting Africa from reaping benefits from globalization instead of making the biased claim that Sub-Saharan Africa is against globalization. I thought that the author made a good argument in regards to the impact of trade barriers. Trade barriers are government imposed r estrictions on free exchange of goods and services internationally (Businessdictionary, 2012). A statement that I liked from the article was the opinion that the barriers imposed by poor countries against one another are more detrimental than those imposed by rich countries on developing nations. Developing nations have to learn that they have to work together to improve the standard of living of its people. The use of trade barriers are a constraint that lowers the total trade in the market because they make goods more expensive to acquire (Younkins, 2000). I completely agree with the author’s claim that the elimination of trade barriers benefits everyone. The elimination of trade barriers can also help the economy because it spurs job creation (Wto, 2012). An argument made by the author that has a lot of validity is the fact that the elimination of regulations would help investors and corporations act more freely and as a consequence prosperity would rise for everyone. Gove rnmental intervention is an undesirable action in a free market economy. Governments seem to believe that the best course of action during a crisis is to increase governmental intervention (Schuman, 2008). One of the cons of business regulations is that

Changing urban conditions Essay Example | Topics and Well Written Essays - 500 words

Changing urban conditions - Essay Example There are many forms of crimes, but before going deep into the type of crimes, the definition must be known as it will serve as the basic understanding of that concept. Basically, crime is associated with the term illegal which means contrary to the law. It does not adhere to the rules as the rules known as laws are set by a nation to protect its citizens and properties. Once violated, the people who committed the crime are punished (Bailey, 2010, p. 4). The existence of laws and crimes occurs together as laws are present to antagonize the crimes and crimes happen whether intentional or not to go against the laws. Crime can also be defined in a more formal way as it is considered as a legal concept. A crime is any punishable act that the society considers as detrimental to its interest. The punishments do not only protect people but also groups and institutions. The acts covered by the concept of crime ranges from traffic violation to homicide, and the violators of the law receive the penalty to protect the society and correct the offenders at the same time (Cassel and Bernstein, 2007, p. 2). Punishments have been used as a form of discipline to get the desired actions for the individuals in the society. Discipline may not seem to be easy to impose on other people as it involves both pleasant and unpleasant to make the people obedient to the laws and authority (Lipsky, 1977, p. 249). The discipline imposed on the offenders is negative or unpleasant as they are secluded from most people and receive different treatment. Some even receive corporal punishment for their crimes committed. Corporal punishment is said to be gruesome as physical pain is applied to the violators or prisoners which can be in the form of electrocuting, whipping and handcuffs. Some states in America forbid the use of such punishments (Palmer, 2010, p. 40). There are many forms of crimes, but the three broad categories are