Financial And Economic Crisis Assignment Example | Topics and Well Written Essays - 4000 words

Financial And Economic Crisis - Assignment Example sis and policy recommendations from the literature review and data gathered from the World Bank, International Monetary Fund, and other government agencies of countries such as the United States. Analysis of the charts and tables will also be conducted in order to derive evaluations of the causes and effects of the global financial crisis. REVIEW OF LITERATURE The Theory of Financial Liberalization and the Washington Consensus A theory was developed by the academic community as well as by the government of the United States of how to go about making progress in developing countries. This false concept of development was proposed by a term known as the â€Å"Washington Consensus† originated by an economist named John Williamson (1998). Basically, there were ten policy recommended for developing countries but it did not recognise that developing countries had various issues that required various policy solutions. These ten policy propositions are as follows: 1. There is a huge a nd continuing fiscal budgets in developing countries that lead to rising inflation flight of capital and as such governments should minimize them; 2. Subsidies must be decreased or avoided and that government spending must be prioritized towards education, health and development of infrastructures; 3. The tax base should be broad and marginal tax rates should be moderate; 4. The interest rates must be determined by the domestic financial markets. Positive real interest rates should discourage capital flight and increase savings; 5. A competitive exchange rate must be adopted by developing nations which will promote exports by making it less expensive in other countries; 6. The minimization of tariffs and which should not be applied to intermediate goods required in producing exports; 7. Foreign...The paper tells that the subprime crisis in the United States resulted to the financial disaster in the stock market in the United States as well around the world as indicated by country an d regional stock indices as shown in the charts of this study. The resulting stock index in the markets throughout the globe is proof that the U.S. financial crisis had a tremendous impact on the global economy. In addition, the impact of the U.S. financial crisis caused the GDPs and other macro-economic indicators around the world to decrease indicating that these countries were affected heavily due to globalization. In the developing countries such as South Asia, the global crisis hit these poor countries strong as they had barely recovered the shocks of trade problems that resulted from worldwide food and energy price increases. Their current accounts and fiscal balances worsened sharply and inflation surged to unprecedented levels. Furthermore, their dependence on foreign funding has been relatively large. The global crisis worsened their macroeconomic difficulties as sources of funding declined. The global economic slowdown due to the financial crisis would make them further vu lnerable in terms of their export earnings, tourism receipts, remittances and external financing for infrastructure. The reform agenda of the â€Å"Washington Consensus† and multilateral institutions has results which were not satisfactory. As such, there is a need to evaluate countries or institution in terms of its nature and geography and that there is a need to uniquely determine their institutional structure.

In no more than 2500 words, critically evaluate the role of branding Essay

In no more than 2500 words, critically evaluate the role of branding and its importance to an organisations marketing communications - Essay Example Creating a brand image and name for a company ensures that customers are able to differentiate the products and recognise the product that satisfies their needs the most and thus improving the customer loyalty. In simple word branding is the process of creating a different image from that of the competitors (Jobber, 2004). This paper aims at discussing the basic concept of branding and furthermore the importance of branding to an organisations’ communication. The paper will first start with a brief discussion of the term branding, following which the role of branding in companies will be discussed. This will provide for a basic understanding and will lead to a more important aspect of every business, i.e. importance of branding on the marketing communications of a business. Modern branding is gradually focusing its interest on preserving and putting together a combination of values either tangible or intangible. These values significantly and properly make a distinction of a company from the others and are pertinent to consumers (Jobber, 2004, Kotler et al., 2002). Kotler (2002) discussed that only Coca-Cola can manufacture ‘Coke’ although many manufacturers can produce cola drinks. Levitt stated that the competition does not presently thrive on what the manufacturers can produce. Rather, these factories focus on the improvement of their product. This is a new kind of knowledge for the customers in terms of services, advertising, packaging and many other aspects that aim to meet the necessities of the customer and the value of the people. A strong customer franchise is a requirement for a company to be shielded from competition. (Kotler, et.al., 2002). Prior to a discussion regarding research techniques for assessing the effects of advertising on branding, the word or concept brand itself need to be defined. A brand is a unique name or symbol intended to 1) distinguish to sources of a good

Pablo Picasso Essay Example for Free

Pablo Picasso Essay Every artist demonstrates their thoughts and point of view of nature and of the Earth. Their masterpieces portray their artistic identity, mastery, skills and techniques. Some of them have been the founder(s) of a particular art movement, which greatly affects other artists of the world. Pablo Picasso, one of the most renowned modern artists in history, is one of the pioneers of Cubism, along with Georges Braque, who strongly exemplifies and reveals the mentioned art movement and style in his Les Demoiselles D’Avignon, The Guernica and the Three Musician, each of which would be formally evaluated and analyzed. The artistic intelligence of Pablo Picasso (1881-1973) created a great impact in the development of modern and contemporary art. His masterpieces include over 20,000 works including paintings, drawings, sculptures, theater sets, prints, ceramics and costumes that delineate a number of intellectual, social, political, and ardent messages. His styles has gone beyond and transcended realism and abstraction, Cubism, Expressionism, Surrealism and Neoclassicism. Pablo Picasso was born at Malaga Spain in October 25, 1881 to Jose Ruiz Blasco and Maria Picasso Y Lopez. At the age of eight, he started to paint but his drawings were very much different from the children of his age. Even when he was young, Picasso already had a highly systematic approach to art. At the end of 1897, he studied in Madrid but later on, he dropped out of school because his teachers could not help him solve the technical problems he had. Furthermore, he endeavored to become a Classical painter similar to Rembrandt or Velasquez; however, no matter how good he was at the age of 16, still he could not contest the old masters. In the year 1899 and 1900, his style was altered radically. His works showed a more romantic manner. Since then, he began to flourish, absorbing all the dominant styles of his epoch. Nevertheless, it was in between 1907 and 1914 in Paris when he discovered a new style by which the French art critic Louis Vauxcelles referred as â€Å"Cubism. † His masterpiece entitled Les Demoiselles D’Avignon divulged that style in 1907. Picasso’s Les Demoiselles D’Avignon expresses and exhibits his ground-breaking style and distortion which is anchored from African Art. In the painting, the figures are arranged similar to Cezanne’s composition of bathers but it reveals an influence of primitivism. It manifests through the angular planes and well-defined outlines that create the entire solidity of the images. Moreover, it is composed of five females, all of which are depicted with angular body. The color of the figures are not confined to flesh rather there are red, blue and orange. The title of the painting, which is given by Picasso’s friend, pertains to the cabaret or maison publique on the Avignon Street, Barcelona. It showcases an expression of violence and barbaric intensity of the five women. On the other hand, his Guernica articulates the same form but it is more meaningful and more caricature in style. The themes signify death, bullfight and crucifixion. The figures are more complex as well as the content of the painting, which is illustrated by diverse and mixing images. The painting itself is a representation of the tragic events that occurred in Spain during the year 1937. It is full of political message and thus, summons the very idea of warfare as a heroic incident and renders it as a cruel and atrocious act of self-destruction. However, Picasso’s art possesses a trademark that any symbol can portray many and frequently contradicting meanings. According to Picasso when asked to explain the symbols, â€Å"It isn’t up to the painter to define the symbols. Otherwise it would be better if he wrote them out in so many words. The public who look at the picture must interpret the symbols as they understand them. † Another painting that depicts Cubism is the Three Musicians. It is a large painting with three figures made up of geometric shapes. The central figure is a Harlequin playing a guitar while on his sides are two musicians. On the left part, is a visible figure of a dog. The work delineates a lively appearance due to its color, orange dominates the plane. The images are figuratively rendered but it can be pulled that they are people with musical instruments with them. They are painted in a way similar to a group performing on stage. Pablo Picasso’s style known as Cubism, as well as his masterpieces, has contributed much to the depiction and understanding of abstract art and modernism. His works portray figurative images wherein every art objects is dominated by symbols that carry a myriad of interpretations and meanings. Because of his discovery of Cubism, paintings have appeared to be a three-dimensional picture plane. His works exhibit harmonious colors and biomorphic sensuality which is exemplified in his Les Demoiselles D’Avignon. Moreover, Picasso paints in such a way that is very much different from other well-known artists of his time because he does not employ in his works landscapes or well-depicted everyday scenes. He upholds in his artistic career his identity of not copying nature and not utilizing traditional techniques, and perspectives. He learns to emphasize his viewpoints of the world through geometry, lively utilization of colors, and somehow calculated perspectives. He demonstrates his activism and political comprehension through symbols too and it is evident in his Guernica. Furthermore, because of his artistic career, identity and discovered style (Cubism), he had been renowned in the world of art. Bibliography â€Å"Guernica: Testimony of War.† (2008). Public Broadcasting Service. Database online. Available from http://www. pbs. org/treasuresoftheworld/guernica/gmain. html. [06 April 2009] Harris, Mark. â€Å"Guernica. † (1996). Web. org. uk. Database online. Available from http://web. org. uk/picasso/guernica. html. [06 April 2009] â€Å"Pablo Picasso, Life and Work,† (n. d). Pablo Picasso Cubism. Database online. Available from http://pablo-picasso. paintings. name/biography/. [06 April 2009] â€Å"Pablo Picasso Painting. † (n. d). Artquotes. net. Database online. Available from http://www. artquotes. net/masters/picasso/pablo_musicians1921. htm. [06 April 2009] Rewald, Sabine. â€Å"Cubism. † (2004). Heilbrunn Timeline of Art History. New York: Metropolitan Museum of Art. Database online. Available from http://www. metmuseum. org/toah/hd/cube/hd_cube. htm. [06 April 2009] Voorhies, James. â€Å"Pablo Picasso (1881-1973). † (2004). Heilbrunn Timeline of Art History. New York: Metropolitan Museum of Art. Database online. Available from http://www. metmuseum. org/toah/hd/pica/hd_pica. htm [06 April 2009]

Essay --

Connor Peterson Miss. Cota Survival October 19th, 2013 The Tools of a True Survivor Jeannette Walls had a horrific childhood that truly brought out the survivor in her. Jeannette had troubles with her family, friends and siblings but she was not hindered by the difficult situations and the choices that she had to make. In order to survive she to had be resourceful and use what she had to her advantage and also learn to adapt to any situation. Through it all she had the drive and purpose of a true survivor. Her survival tools of Ingenuity, Adaptability and Purpose helped her to grow into the person she is today. Ingenuity is one of the survival skills that Jeannette possessed throughout her childhood. She continued to find new ways to accommodate herself in different situations. One such example is when she made herself braces because her parents could not afford them. Since she did not have the money to get them, Jeannette invented a clever way to make homemade ones. These braces (worn only at night so no one would know) were made from rubber bands and a coat hanger. In the survivor tool kit it describes ingenuity with, â€Å"you find novel uses and applications for everyday objects†(324). Jeannette’s braces clearly exemplify this quote. Ingenuity is also described as, â€Å"Bricolage: the art of building things from whatever materials are available.†(324). Jeannette used everyday objects such as rubber bands and a coat hanger to make a complicated set of braces. Besides from making braces, she also made her own catapult. Bullies would throw rocks at Jeannette and her brother on their walk home from school and then ride away on their bikes. Having limited resources, Jeannette used an abandoned mattress and some springs she found as ... ...n high school and she was striving for big goals, working hard to achieve them, and overcoming countless obstacles. Even when her father stole that piggy bank money she did not give up. Her purpose in life helped transfer her into adulthood. Without this determination and sacrifice, seceding into a successful adult would have been much more challenging. Each survivor has a set of tools at their disposal that can be used throughout their lifetime. Jeannette was able to overcome staggering odds to with her ability to use almost anything to her advantage and by being able to bend to the situation around her and constantly change. And finally, by having a drive in life that is simply incomprehensible, a drive and purpose so deep we cannot even begin to fathom its depth. Jeannette used these techniques to conquer her life and overcome every obstacle that stood in her way.

Middle and Southern Colonies

The Middle and Northern colonies differed considerably in their geographical aspects, leading to dissimilar social and political features. The Middle colonies, including New York, New Jersey, Pennsylvania, and Delaware all shared the benefit of flat land and rich soil, while the New England Colonies were left with a rocky landscape that made farming difficult. Thus, the New England colonies, including Rhode Island, Massachusetts, Connecticut, and New Hampshire thrived on lumber and fish, rather than crops.They developed a large shipbuilding industry, and due to he abundance of fish such as cod, their fishing industry grew as well. However, in comparison to the Middle Colonies, the New England colonies' government revolved around religion. The Puritan religion was a major influence in the way of life and it affected the way they governed. The difference in the geography affects the way the Middle and Northern Colonies were able to thrive economically and socially, and the way they gov erned their people.The Middle Colonies' social aspects revolved around vast farmlands, ideal for farming. The soil was rich and fertile, better than the New England Colonies, and the area had a mild climate with warm summers and cold winters. Education was less popular in importance, as most parents believed children should learn to run the family farm rather than focus of their studies. Because of the benefit of the soil and the excellent growing season, they socially focused on growing crops and farmed, but they had an important shipbuilding center as well.Additionally, New York and Philadelphia were two great areas that served the purpose of trading via all the arbors to import and export goods, including crops like wheat and grains. Unlike the New England Colonies, the Middle Colonies had a lot of diversity. This is due to the fact that the Middle Colonies attracted various groups of people because they had a greater religious tolerance than the New England Colonies did, and the fact that they were affected differently, socially, due to the fertile land. The New England Colonies' social aspects were different, because of the lack of fertile soil.The climate was colder than the other two colonial regions because of its ocation being so far up north, killing several people. The land was scattered with hills and showered with rocks, making it hard to farm. In addition, they had a shorter growing season, so growing crops was a struggle all around. Social castes were not present at the time, as most colonists started out poor. Fortunately, they had a large quantity of natural resources, being almost completely depended on by the colonists. Instead of farming, the colonists took advantage of the rivers and forests that surrounded them.They developed a strong shipbuilding business, using the lumber rom the forests to construct the ships. Boston was one of the more significant cities for shipbuilding. They also found great value in furs. Because of the plentiful s upply of natural resources, the colonists were able to trade to other countries, receiving slaves in return. Although farming was prominent, the primary focus was working with the natural resources that were provided to them. The New England Colonies' based their government strictly around religion.Puritans had self-government, meaning they enforced laws and rules for themselves. Religious tolerance was unheard ot in the Northern Colonies, and their laws were extremely harsh. Some people disliked the way of ruling and the Puritan leaders' beliefs, and escaped or were banished. A good example of this was a man named Roger Williams who wanted more religious freedom in the New England colonists than was offered. He later founded Rhode Island, where they were extremely tolerant of the religion and people could worship how they liked.Political aspects in the Middle colonies were similar in a sense of similar set-up, ut the fact that the New England Colonies were so dramatically intoleran t makes the difference more significant. It was different, because the Middle colonies were tolerant of religion unlike the Northern Colonies. Similarly, the government was established with a royal governor after British rule was established. Governors helped rule, and they chose a council to assist with important decision making. Pennsylvania was especially tolerant, and even let citizens vote for representatives.Quakers resided here as well, including William Penn, demonstrating the religious olerance they had. In conclusion, the geographical differences affected the way the Middle and New England Colonies' thrived and existed. Though similar and dissimilar, they both had similar goals to achieve success. The Northern colonies thrived through lumber and fishing, and the Middle colonies thrived harvesting their crops. Although the New England Colonies were extremely intolerant of religions, they governed fairly similarly. Taking these things into hand, the Middle and New England Co lonies struggled to success.

The Funeral Games of Patroklos in Homers Iliad and...

The Funeral Games of Patroklos in Homers Iliad and Odyssey Coming towards the end of a war which has consumed an entire decade and laid waste the lives of many, the Greek warriors in Troy choose to take the time and energy to hold funeral games. This sequence of events leaves the reader feeling confused because its not something one would expect and seems highly out of place. Throughout the epic Homer tries to describe what it is to be mortal and often contrasts it with what it means to be immortal. Homer uses the funeral games of Patroklos to show crucial differences about the lives of mortals and the lives of gods. These games come towards the end of a war that has cost thousands of men their†¦show more content†¦In the chariot race first place received a woman and a large tripod, second place a mare, third place a cauldron, fourth place two talents of gold, and for fifth place a jar. This award for losing is never seen in wars. After Troy is destroyed there is no prize given to the survivors. While there are prizes for all competitors, like the gods the men are not always happy and often argue. After coming in second in the chariot race Antilochos is upset over what prize he will receive. Achilles, I shall be very angry with you if you accomplish what you have said. You mean to take my prize away from me. (544-545. Book 23. Homer, Iliad) This is quite ironic since the opening conflict was over Agamemnon taking a prize from Achilles. Later Antilochos receives his second prize and Achilles gives to the son of Admetos another corselet, but the petty arguing over priz es doesnt end. Menelaos accuses Antilochos of getting in the way of his horses during the race and demands that the prize of the mare be given to him. Once the horse reaches Menelaos he decides to forgive Antilochos and gives the horse back to him. In the end everyone makes up and everything is okay. This doesnt happen in the real world that these men live in, only in the realm of the gods. In this instance there is no clear concept of loss since everyone wins. The tenet that men center their lives around, of honor and glory under the constant risk of death

Essay on Evolution From A Molecular Perspective - 3053 Words

Evolution From A Molecular Perspective Introduction: Why globular evolution? nbsp;nbsp;nbsp;nbsp;nbsp;Evolution has been a heavily debated issue since Charles Darwin first documented the theory in 1859. However, until just recently, adaptation at a molecular level has been overlooked except by the scientific world. Now with the help of modern technology, the protein sequences of nearly every known living thing have either been established or are in the process of establishment, and are widely accessible via the internet. With the knowledge of these sequences, one can actually look at several organisms genetic codes and point out the similarities. Entire genomes of creatures have been sequenced, and the human genome project is well†¦show more content†¦Hemoglobin is the carrier in blood that transports oxygen to our tissues and carbon dioxide out of our body, changing colors as it does so. Hence, hemoglobin has long been termed the pigment of our blood. Hemoglobin was one of the first proteins to be purified to the point where its molecular weight and amino acid composition could be accurately measured. This finding was very important in that it eventually lead to the understanding that a protein is a definite compound and not a colloidal mixture of polymers. Each molecule was built from exactly the same amino acid subunits connected in the same order alonga chain, and had exactly the same weight. Most organisms have their own unique, individual chain of proteins to make up their hemoglobin, but all organisms share certain similarities, so striking that they are unable to be ignored. Lets take, for example, the first twenty-five amino acids in the alpha hemoglobin chains of 7 different animals: a human man, rhesus monkey, cow, platypus, chicken, carp (bony fish), and shark (cartilaginous fish) (See Table 1.1.) As is shown, the variations increase the further apart the organisms are on the proposed evolutionary scale. 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