Thursday, December 26, 2019

Poverty Of A Indebted Poor Countries ( Hipc ) A Project By...

INTRODUCTION This paper looks at the Highly Indebted Poor Countries (HIPC) a project by the IMF and World Bank. DEBT RELIEF KEY TO POVERTY REDUCTION The World Bank and International Monetary Fund (IMF) with its view that no poor country faces a debt burden that it cannot manage, came up with an initiative in 1996 called HIPC initiative. Since then, the International financial community and the multilateral organizations and governments have worked tirelessly together to reduce external debt to sustain levels for the many Highly Indebted Poor Countries. The World Bank and its partner IMF believes that poverty reduction will come by reducing debt levels of the country. NEGATIVE OUTCOMES OF HIPC INITIATIVES ON ZAMBIA The World Bank and the IMF, almost always put conditions to members states to access financial assistance. HIPC countries like Zambia were not an exceptional. Four conditions were put in place for HIPC to meet, this includes: 1. be eligible to borrow from the World Bank s International Development Agency. 2. Face an unsustainable debt burden, that cannot be sustain through traditional mechanism debt relief. 3. Have established a track record of reforms and sound policies. 4. Develop a Poverty Reduction Strategic Paper The technicalities behind the above conditions came at a price, which to date, a little of progress has been seen. Civic leaders under the leadership of President Levy Mwanawasa of the Republic of Zambia, were on each other s tails.Show MoreRelatedInternational Monetary Fund And The World Bank1679 Words   |  7 PagesTHE WORLD BANK AND IMF - HIPC International Monetary Fund and The World Bank, though has a good purpose of their existence, they have come under lots of criticisms as to how they use the leverage of being in a position of helping poor countries to either recover from economic collapse or give them debt relief and economic boost from loans they give out to them to impose policies and condition that those poor countries has to implement. These loan conditions and policies structured by these internationalRead MoreInternational Monetary Fund And The World Bank1561 Words   |  7 PagesTHE WORLD BANK AND IMF - HIPC International Monetary Fund and The World Bank, though has a good purpose of their existence, they have come under lots of criticisms as to how they use the leverage of being in a position of helping poor countries to either recover from economic collapse or give them debt relief and economic boost from loans they give out to them to impose policies and condition that those poor countries has to implement. These loan conditions and policies structured by these internationalRead MoreMonetary Fund And The World Bank1554 Words   |  7 Pagesnternational Monetary Fund and The World Bank, though has a good purpose of their existence, they have come under lots of criticisms as to how they use the leverage of being in a position of helping poor countries to either recover from economic collapse or give them debt relief and economic boost from loans they give out to them to impose policies and condition that those poor countries has to implement. These loan conditions and policies structur ed by these international financial power institutionsRead MoreCase Study Analysis – â€Å"Aid, Debt Relief, and Trade: an Agenda for Fighting World Poverty†1057 Words   |  5 PagesStudy â€Å"Aid, Debt Relief, and Trade: An agenda for fighting World Poverty† outlines the steps, and missteps, that the world community has taken since World War II to address the efficacy of international assistance. The study focuses on international financial institutions (IFIs) and their ability to help poor nations break out of poverty and the possible obligations of rich, developed countries to assist the heavily indebted poor countries (HIPCs). Additionally, the study seeks to see if this assistanceRead MoreA Plan For Reducing Poverty Through Debt Forgiveness1656 Words   |  7 PagesIn 1995 James Wolfensohn was appointed president of the World Bank. With this new opportunity he designed a plan in hopes of reducing poverty through debt forgiveness. The plan was called t he highly indebted poor countries (HIPC) initiative Countries would be eligible for this plan if they had unsustainable debt, debt ranging from 200-250% of their export earnings. The first stage of HIPC involved a structural adjustment for 3 years until the Decision Point was reached, if the debt was still unsustainableRead More Failure of IMF and World Bank Policies in Sub-Saharan Africa4500 Words   |  18 PagesFailure of IMF and World Bank Policies in Sub-Saharan Africa Over the last several hundred years, Africa has been deprived of the peace that it so desperately needs. For over 400 years, Africa was subjected to the harsh trans-Atlantic slave trade. Europeans and Americans brutally uprooted millions of Africans and shipped them away. Torn away from their homes, Africans were inhumanely exploited for their labor. The slave trade had a devastating effect not only on those involvedRead MoreStructural Adjustment Program ( Saps )1902 Words   |  8 Pagessubordinate third World economies through World Bank-IMF structural adjustment programs (SAPs). Starting in 1980, developing countries were unable to pay back loans taken from Western commercial banks which had gone on a huge lending binge to Third World governments during the mid to late1970s when rising oil prices had filled up their coffers with petro-dollars. The World Bank and the IMF imposed SAPs on developing countries who needed to borrow money to service their debts. The World Bank’s SAPs, firstRead MoreAid for Donor Interests Essay2684 Words   |  11 PagesLack of development in countries in the so-called `Third World has many political and economical reasons. Historians explain the inadequacy of developing countries with the early imperialism and the resulting colonization of the South. Exploitation of mineral resources, deforestation, slavery, and the adaptation of foreign policies shaped the picture of todays suffering and struggling civilizations and natural rich continents. The omission of concessions and equal negotiations between dependencyRead MoreThe Impact Of Transnational Industries And Global Financial Institutions Such As The World Bank And International Monetary Fund2146 Words   |  9 Pagesand/or global financial institutions such as the World Bank and International Monetary Fund (IMF) i n the sub-Sahara Africa. It will explore the impact on health, economic, and environmental, political and cultural determinants on developing countries. A country in the sub-Sahara Africa region will be used as a prime example in dealing with some of the above institutions and their outcomes, and a conclusion given. INTRODUCTION The World Bank and the IMFs strategies and its impacts in the sub-SaharaRead MoreThe Impact Of Global Financial Institutions Such As The World Bank And International Monetary Fund ( Imf )2179 Words   |  9 Pagesinstitutions such as the World Bank and International Monetary Fund (IMF). There was a discussion on reasons for the establishment of the institutions. An examination using various illustrations of the conditions these institutions impose on borrowing countries. Developing countries in the sub-Sahara Africa and, in particular, Senegal will be used to explore dealing with above institutions and their outcomes. It will also highlight reasons leading to the selected country applying for loan assistance

Wednesday, December 18, 2019

Characters With Psychological Disorders Adrian Monk and...

It seems recently that the entertainment industry has provided America with authentic portrayals of characters that are suffering with psychological disorders. At first glance these characters seem to depict the disorders they are given in a somewhat realistic light. At closer examination though, the truth of the seriousness of these disorders seems minimalized and at times even glorified. Two characters that come to mind are Adrian Monk, of the USA network show Monk, and Dr. Gregory House of the Fox TV show House. Adrian Monk was brought to life by actor Tony Shaloub, and was a funny and enjoyable detective show, which has now ended after eight successful seasons. Adrian Monk is a very likeable â€Å"Colomboesque† detective who was†¦show more content†¦Frequently episodes would focus on Monk being obsessed with a singular thought for example remembering a schoolmate bullying him and on a different episode wondering if a friend was going to â€Å"steal† hi s therapist. Monk repeatedly stated that he wished he could be more like â€Å"normal people† which did bring to light the obviously unwanted nature of his disorder (Feldman, 2008). Often though, the show depicted his disorder as funny and sometimes cute and endearing to those around him. Since I have a cousin who has been struggling with this disorder her entire life, I know that this is not realistic. My cousin has not been able to keep many jobs, and has lost most of the relationships with friends and even family. Idiosyncrasies that may be funny at first glance become annoying and difficult for those around the person to understand and put up with, especially on a long term basis. I do feel this show made an admirable attempt at depicting this disorder in a realistic manner and also keeping the entertainment level needed to keep people watching. Furthermore, it seems the show grew more realistic in depicting Monk’s disorder as it progressed. (Monk, 2002) . Another character that displays a psychological disorder is Dr. Gregory House, the title character of â€Å"House† which is portrayed by HughShow MoreRelatedOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 Pagesrelevance of white ethnicity in the United States, not only regarding public activities like voting but also in terms of intimate behavior such as mores and manners, childrearing practices, adolescent styles, and attitudes toward illness, psychiatric disorders, and authority, even in cases where the individuals examined were not particularly aware of their ethnicity.70 The recent waves of migration are still too new to say anything definite based on the situations of existing migrant communities. The

Monday, December 9, 2019

The Reason Causing Trade Deficit in Indonesia free essay sample

Secondly, they can produce and sell the products to a larger market and lastly international trade benefits of scale. One more terminology which I am going to use in my report is â€Å"deficit trade†. What is deficit trade? Deficit trade is an economic measure of a negative balance of trade in which a country’s imports exceeds its export, deficit trade is also represents as outflow of domestic currency to foreign market. I will begin this report by introducing you the background of the Indonesian’s international trade. Indonesia has become increasingly globally integrated over the past half century, with its ratio of trade to GDP rising from 30 percent in 1970 to 60 percent in the 2000s(graph1). There have been substantial shifts in the composition of Indonesia’s export over the past 50 years (graph2) with the oil price surged in the 1970s and early 1980s. The Agriculture has also risen in 1969, but later in 1971 to early 1990s its export has declined. We will write a custom essay sample on The Reason Causing Trade Deficit in Indonesia or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page But for the Manufacturing is different as we can see from the graph that its export increased from just 2 percent of the total export in 1980 to 46 percent in 1993. graph1) (graph2) A different set of trends have been seen since the early 1990s. The manufacturing share of export and other exports have become decreasing day-by-day and cause â€Å"Deficit† for the trade of country and becomes a big problem for the Indonesian people until now-a-days. In the graph 3, at the beginning of 2011 the export of Indonesia was stable and getting profits, but after it entered to 2012, the export of the Indonesia was fluctuated and become unstable. And at the middle of the year, the export of Indonesia dropped with very fast rate and become deficits for the country. (graph3: Indonesia balance trade, it shows the deficit of the country from may 2012~) Accordingly to the article which I have read from the Jakarta postdated, I have learnt that due to the on-going slowdown in world economy, especially the debt crisis in Europe and high debt and surged unemployment rate in the US, causing the Indonesian continued trade deficit. But this is not the only reason that has caused such the Indonesian trade deficit. In this essay, I would like to rise up three main reasons which are causing the slow-down of Indonesia exports. The three reasons are as follows: Firstly, price fall and shipment fall in natural-resource based commodities which are lion-share of the Indonesian export items such as coal, palm-oil and rubber. From these natural-resource based export commodities, the coal makes Indonesia the world’s top thermal coal exporter and its 5 largest export destinations are China, South Korea, India, Japan and Taiwan. Today, India is the largest export market for Indonesia coal followed by China. But, In June this year, the shipment of coal which is the main natural-resource based export commodity of Indonesia to China has fallen 13 percent with volume of about 26. 2 million metric tons from 30. 16 million tons in May. Not only coal that is falling in the shipment, nickel exports also dropped 80percent to 572,106 tons from 2. 85 million tons in May. Moreover copper exports declined 89 percent to 20,000 tons in the same month from 193,941. 34 tons in May. In sum, all main commodities which Indonesia is exporting have been fallen markedly in terms of percentage and the volume of the shipment which is bad for the exports of the country, so, I can say that price falls and the shipment falls is one of the reasons which causing the Indonesian export deficit. Secondly, according to the table of trade balance with major partners, which is I have seen in the article (table 1). It shows that Indonesia is suffering from the trade deficit with 7 out of 10 countries whose are their major trading partners. S exports†. According to her words we can know that the economic situation in both Europe and the United states is really unstable which can further hurt the exports from Indonesia due to demands for the Indonesian natural-resource based commodities remain low in U. S and Europe markets. In my opinion, it is impossible to make the export in Indonesia become completely stable or has no trade deficit in the short period of time; it may needs least 2 years or more than that for both US and Europe economic recovery. But, there are several possible ways which is help to improve the Indonesian export to become better in the future. The first way, is that the country can decrease the imports and boost domestic demand and consumption through the diversification of â€Å"Indonesian-made† products. It can produce high quality and home-design products, such as a traditionally clothes like â€Å"Batik† or build more industry which is produce batik so that there is more products of Batik to satisfy needs and wants of the Indonesian people including foreign tourists who are fond of the country’s Batik. This wills benefits for the export also if the country has more quality products and when the global economy is gradually recovering goods. Last but not least, I think the Indonesian exports can be promoted at this time because of the depreciation of its Rupiah where production and domestic’s raw-material costs will be reduced and cheap, but not to increase the import of imported capital and raw-material goods.

Monday, December 2, 2019

Swearing Essay Essays - Censorship, Connotation, Profanity

Swearing Essay Cussing, using profane language, making obscene gestures, whatever its called it is swearing. Swearing has become a common expressions this day in age and used most commonly by male teenagers. It makes them feel more sophisticated and feel respectable about themselves. Everyone swears so it doesn't make a difference to them because they sound just as intelligent as the others they choose to be around. Not only does it please their mother so much, everyone seems to show respect towards anyone that has the ability to think of no better word than a swear word. Swearing has become a fine mark of manliness for a teen. Being able to swear just like an adult proves to them how grown up they are. Swearing shows how one has self control over themselves by being able to pop in a swear word once in a while without overusing them. Swearing is all right just as long as its not overused. Those that tend to misuse a cuss make fools out of themselves because they seem to sound foolish as if they are unable to control themselves. Such vulgar people tend to make a swear sound tasteless and inappropriate in such circumstances. Any conversation can be made more delightful and entertaining when the swear is used. It doesn't matter how any of the words is used because a swear word can be easily implemented for a either a verb or an adjective. Nothing is better able to describe and portray actions and events as a cuss does. Anyone listening to a story told by someone that swears every other word is intrigued by the story and makes it a point to pay careful attention to every detail. The ability to swear is impressive in that they can tell if one has had more than an ordinary education. The vocabulary learned throughout one's life can never substitute for a curse. Swearing can give anyone a desirable personality among both women and children, or anyone that lives in a respectable society. Since swearing is a common activity among today's society, no one minds the occasional swear word and that is why infrequently when a little swear word slips it is never mentioned that that is a bad word to say. Besides it is only a simple, inoffensive word which really never harms anyone. Swearing should rarely be used to hurt someone, rather its basic intentions are to flatter and make a story better. A person that swears has a definite charming personality due to their casual speech and delectable behavior. The use of the swear word is an art, any overuse can tend to make anyone annoyed. However, with subtle use it has been adopted by others as being an unmistakable sign of culture and refinement. Some may think of swearing as an unfavorable choice of words used only by the unintelligent. However it is commonly thought of as a way of honoring God who said, "Thou shalt not take the name of the Lord Thy God in vain."