Wonders of The African World Movie Review Example | Topics and Well Written Essays - 500 words

Wonders of The African World - Movie Review Example He gives us a clear insight into the history of celebrated monuments and buildings, the culture and tradition followed in the region, besides the rituals and architectural beauty of the places of the region. Then, with the showcasing of Timbuktu and The Lost Cities of the South, Gates extends his support to the factual capacities of the Africans in being able to create this kind of a cultural and learning setup. The cities of Zimbabwe, Kush, Mero , Axum, Lalibela, Asante, Timbuktu, Zimbabwe were great examples that have been given by Gates to place before us the African essence! These four aspects of the documentary clearly throw light on the richness of the African continent in terms of tradition, religion, architecture and learning. However, the other two important descriptive pieces of the documentary, which are the The Swahili Coast and The Slave Kingdoms are more on the verge of showcasing the 'dark' side of the Dark Continent. The two parts of the documentary clearly outline the violence, disparity and the cruelty of the same Africa, that has been portrayed as something rich in culture and tradition! Here, the gh

Different aspects of econimic growth Essay Example | Topics and Well Written Essays - 750 words

Different aspects of econimic growth - Essay Example Upon undertaking the stated consideration through reference to the classical and the neo-classical economists, one finds that growth is alternately linked to capital accumulation and technological progress. Classical economists maintain that economic growth is inextricably linked to the unlimited supply of labor. As Lewis (1954) explains, plentiful supplies of cheap labor comprise the key to both economic growth and sustained growth. The presence of unlimited labor supplies at subsistence wages functions as a predicator of expanded growth, insofar as cheap labor implies low production costs and plentiful labor enables the evolution of several labor-intensive industries, implying that growth is not reliant on one industry and sector but on several. The neoclassical economists, as may be inferred from both Lewis (1954) and Allen (2005) largely concede to the above-mentioned but highlight their limitations. Quite simply stated, unlimited supplies of labor is not a permanent situation with the American South's reliance on slave labor and the subsequent abrupt halt of that reliance, functioning as a case in point. This means, and as borne out by the history of both the British Industrial Revolution and the South's large-scale plantation era that growth as predicated on unlimited supply of subsistence wage labor is not a stable strategy/means for economic growth. Accordingly, technological innovations, especially as in the automation of the means of production, step in as a central component of economic growth (Lewis, 1954; Allen, 2005). Consequently, one may argue that technological innovations and developments pick up from where labor leaves of, in which case both explanations for economic growth emerge as complimentary, rather t han as alternatives. The pace of economic growth, however, is determined by variables other than those outlined in the preceding paragraphs. Within the context of neoclassical economic theory, the predominant growth model is the Kuznets cycle. As per the aforementioned, the pace, or rate of economic growth is measured in terms of cycles, ranging from 10 to 60 to 100 year cycles, with the twenty-year one being the most popular or viable. In accordance with this particular perspective on economic growth rate, during a long swing/rate of growth cycle, an economy first experiences an expansion stage, supposedly accompanied by the accumulation of capital. The expansion phase is followed by a continued period of sustained growth, although with growth rates measured lower than in the preceding phase. The third phase, marking the termination of the second, is the depression stage, where economic growth slows down to a halt, possibly culminating in negative growth. From the neoclassical perspective, the aforement ioned theory of the pace of economic growth is validated through historical examples, encompassing the experiences of the United States and Great Britain, among others. A close reading of both Lewis (1954) and Allen (2005) explanations of growth and pace of growth, alongside class notes, highlight another important set of economic factors. These are surplus and capital accumulation both of which, when taken in conjunction, effectively explain why nation economies are able to sustain themselves during periods of depression, supposing of course, that the latter is not extended and extensive. Basically, periods of rapid economic growth

Credit Derivatives Essay Example | Topics and Well Written Essays - 1000 words

Credit Derivatives - Essay Example (Moorad Choudhry, 2004) Theoretically, credit derivatives make a new class of assets made to trade default risk on a range of maturity without a collateral constraint. However, the potential efficiency benefits of credit derivatives are being reduced by lack of liquidity globally, the repo market use in hedging and the lack of secondary markets. The pricing of these instruments is affected by factors such as the option to deliver the cheapest bond and liquidity. In addition, emanating from lack of arbitrage, the rate of repo and bond over libor spread can be utilizedd to price the default swap. (Romain G Ranciere, 2002) In relatively short time, the credit derivative markets have grown, becoming a key component of capital markets and embracing a wide range of participants. They form an important part of the corporate bond market used for hedging and speculative purposes. Credit derivatives are ‘over the counter’ (OTC) instruments and therefore, very flexible; they can be specifically made to suit individual needs and can be used for a wide range of applications. These OTC instruments have a number of advantages such as their ability to be tailor made to suit specific requirements, their ability to isolate the underlying loan or bond from certain aspects of credit risk and their ability to be used by the banks in business restructuring as they allow these banks to parcel out credit risk while retrieving assets on the balance sheet. The three most common credit derivative instruments are credit default swaps, total return swaps, and credit-linked notes. The credit derivatives market share in the corporate sector is estimated at 80 percent and is essentially made up of high yield fixed income market in developed economies. Ironically, the credit derivatives upon upcoming sovereign bonds form the remaining 20 percent. (Moorad choudhry, 2004) BRIEF HISTORY OF CREDIT DERIVATIVES. Although since 1975 credit instruments were operating, it is in the year 19 96 that credit derivative markets really started. This came from financial institutions’ held concern about credit risk exposure regarding them. At that moment, the credit derivatives markets started being viewed as a compliment to the loan securitization markets. Quickly, the credit derivatives’ markets developed solely and simply became an important place to hedge as well as take credit risks on sovereign and corporate debts alike. During the crisis in Asia, from july of 1997, the emerging credit markets made a break in forward surge. The markets were slowed down by the absence of standardized documentation until 1999, when the International Swap and Derivatives Association (SDA) credit derivatives definitions were published, though. In year 1998, during which year the Russian nation bond defaults started. Credit derivatives markets were again triggered although some legal documentation problems were highlighted. However, the 1999 ISDA definitions reduced the causes of legal disputes. It is during that period of time that the year 1999 Ecuador-quasi voluntary bond exchange was put under recognition as a credit event. It is also at some time later that the investment markets agreed that the 2000 Argentina debt swap did not constitute a credit event. The Argentina turmoil of 2001

Indian Tribes within the US Research Paper Example | Topics and Well Written Essays - 1250 words

Indian Tribes within the US - Research Paper Example Indians are among the fastest growing ethnic groups in the United States. The major locations which they occupy are divided into seven regions, discussed below; 1) Great plains They occupy the hills and plains of North America. Major examples include the Sioux, Blackfoot, Cheyenne, Crow and Comanche. They have an archaic culture just like other Indian tribes, due to resistance to domination by the United States and the governments of other countries. Great Plains Indians are divided into two major groups; the nomadic who practiced agriculture and kept animals and the aboriginal Indians, who are semi sedentary hence, lived in villages where they grew crops and traded with other neighboring communities. They comprise of Hidatsa, Iowa, Omaha and Otoe. The main animals they hunted were the buffalo and antelopes, for their hide, bones and for food. They later learnt about horses from Spanish explorers in the early sixteenth century, which greatly enhanced how they lived their life for exa mple made transport easier. The buffalo however remained the main source of game food. The great plain Indians had no particular religion. They however believed in spirits, which they believed controlled their health. They also respected the sun as the source of life. Their housing was referred to as Teepees made of buffalo hides, which could move around when they were moving from one place to another, for those who were nomadic. For the sedentary ones, the preferred form of housing was game lodges. They wore moccasins in the feet, hence the shoes. Women adorned themselves with jewellery to enhance beauty .to preserve their food they used the sun. The great Plains Indians had impressive arts which they expressed through painting and carvings which was mainly done by men. On the other hand women mainly engaged in beadwork, needle work and cloth design. 2) South West Indian tribes. They include Chea, Creek, Timucua and Lumbe. Mainly considered to be woodland Indians. Their main source of economic activity was hunting and gathering of wild fruits and animals, farming of crops such as rice and corn. They comprise of different languages and dialects within them. Just like other native communities they passed tradition from current and future generations orally, from elders to the young members of the community. The tribes were divided into clans, and a person belonged to the mothers’ clan, hence it was matriarchal in nature. They were very religious in nature and hence believed in gods and deities. As a form of worship they put up occasions where they prayed through song and dance ceremonies. They inhabitated forested areas of the south western areas of the country. 3) Mid Atlantic/north East . They comprise among others Lenape, Iroquois, Pequot, Algonquin and Niponic. The houses they inhabitated were called longhouse and wig warms. To protect them during cold periods, barks of trees and animal hides were used to cover their dwellings to provide warmth. They had leaders who were reffered to as Sadem which was a hereditary position. Chores were divided according to age and gender. Men did hunting and made weapons to be used in hunting and during war, while women were involved in cooking, farming and weaving baskets. Early Europeans who settled in this area introduced new infections which led to

Human body partsTrafficing Research Paper Example | Topics and Well Written Essays - 1000 words

Human body partsTrafficing - Research Paper Example number and the varieties of transplantation options available is the emergent market for human body parts (Harrison, pg21).Legally, body parts used in transplantation surgeries are normally procured form cadavers or brain dead people, however, the demand for organs has far exceeded the availability of organs which leaves thousands of patients in the waiting list. In the U.S alone, 95,000 people were in the waiting list in 2006, while 6,500 people died owing to non-availability of vital organs for transplantation ( Abouna, p34). 82,000 patients of the people in the waiting list were comprised of people waiting for kidneys alone (Rupert, p67). According to the WHO, in 2010 there were approximately 107,000 donated organs worldwide— both legal and illegal and a good percentage of these transplanted organs comprises of 20,000 kidneys which are trafficked (Heymann, 2012). These problems of demands, non-availability and inadequate management of transplantation organs have led to black marketing and trafficking of organs especially in the developing and the underdeveloped countries. The monetary value added to human body parts and vital organs led to their commoditization. People from developing and under developed countries engage in the trade of human body parts because of their financial conditions and the high pay that this kind of trafficking fetches for them.   Ã¢â‚¬Å"The most common source of organs was impoverished people in India, Pakistan, Egypt, and the Philippines, deceased organ donors in Colombia, and executed prisoners in China† ( Danovitch, p1306).. One of the major countries from where organs are procured is India, an Asian country. Hundreds of impoverished people in India either sell or help traffic organs to make a living. Often doctors and nursing homes are involved in such scandals owing to the high price that organs such as kidneys and liver fetch especially from foreigners who are a part of â€Å"transplant tourism†. â€Å"The Voluntary Health

Computer Sciences and Information Technology in Business Essay

Computer Sciences and Information Technology in Business - Essay Example Low financial growth of the company was a problem due to various reasons. To begin with, the company had stagnated on its financial gains over five years and at some point had an experience of losses. The organization was at a level where it generated little income to cover the operational costs and make profits. Financing the growth of the company is a major problem in such a scenario, if there is no financial growth, then the organization starts losing its market share because of competition. To make the situation worse, the existing customers are lost to the competition. Financial growth of a company fails if there are insufficient sales. To solve this problem it, is necessary know why the problem occurred in the first place. In the organization, the problem arises because of poor sales from the sales people. The poor sales result from cutting back on the marketing budget thus there are few leads. Another issue is poor training of sales people in the company and clients cutting down their budgets. An innovative solution is necessary to solve this problem. Such a problem needs urgent solving to save the company (Baumgartner, 2013). The firm requires generation of more income, which is only possible through selling more of the products that the company makes. Information technology is important in making more sales. To get more leads the sales people will require more training and higher access to information. Technology today has made success of companies to be easy. The company needs to employ the use of technology such as use of the internet to train the sales people and look for more leads.

Communication Assignment Example | Topics and Well Written Essays - 250 words - 9

Communication - Assignment Example He is concerned about the impact of their current behavior on the quality of their event performance and on the health of the director. Q: There is indeed some deficiency in the team’s commitment and enthusiasm with regards to the envisaged event. Is there anything in particular that is diluting the interest and sincerity of the team members? The CEO of a major American company (owned by an Italian firm) was advised that he had to step in and take over more responsibilities with another company the Italian firm had acquired in Texas. He has to fly once a month from the US to Italy for a headquarters’ meeting, fly to Texas once a week to work with the staff there, and meet with all of the teams at the Italian-owned, Texas Company. The CEO has let the owners know that he is developing burn-out and exhaustion. The high school swim team meets every other week to plan for the summer fundraiser. The team’s seniors know that the next summer will be hectic for them because they will be working and planning college entrance activities. Because the swim team is a national competitor and travels to meets all over the country, they have to acquire these funds to offset the costs. The team’s coach advises them that they must help. They are balking and resist attending any of the planning meetings. The coach says that the lack of enthusiasm is undermining the work and potential fundraising of the entire