Capital Mobility And The Financial Crisis - 1918 Words

Capital mobility in the Eurozone ECO209 paper assignment Lei Lin #1000672195 Introduction: As the economy becomes more and more integrated, the trade barriers between individual countries are gradually removed. People now have more options in terms of goods, services, and of course investments, meaning capital flows are more mobile nowadays. However, deregulation of the capital raises controversy and concerns about whether if increasing capital mobility is going to bring prosperity, not only to the world economy in general, but to each country individually. According to Helleiner (1994), high capital mobility is claimed to be one of the causes to the 09 financial crisis as huge capital inflow entered into the US border and changed the housing structure and then gave rise to the easy mortgage credit and housing bubbles. However, this paper intends to find the link between the capital mobility and the financial crisis in order to see if this tragic outcome is inevitable when we have a relatively high capital mobility. The paper takes the stance that increase capital mobility is going to ultimately benefit the world economy as well as bring opportunities to countries that are ready to liberate their capital flow. The article is taking the case study approach and focuses on Europe Union before, during and after the financial crisis, as EU seems to be promising to have some convincing empirical evidence. The purpose of the paper is to show advantages of having a highShow MoreRelatedBenefits Of Developing Countries Adopting Capital Controls During A Recession1529 Words   |  7 PagesCapital control is defined as a type of measure governments can use to regulate and restrict the amount of money flowing from capital markets in order to keep inflation under control while maintaining a competitive real exchange rate. International Monetary Fund (IMF) has been slowly shifting its beliefs to where capital control policies can be deemed useful for countries during a potential crisis. Some countries, especially the developing ones that implemented capital contro l policies have experiencedRead MoreArticle Analysis: On the Contradictions of the New International Financial Architecture: Another Procrustean Bed for Emerging Markets?1404 Words   |  6 PagesSummary: what is a main concept in the case or article? 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Financial markets are typically defined by having transparent pricing, basic regulations on tradingRead Moreâ€Å"the Rapid Expansion of International Financial Market Since Early 1980s Have Integrated the World Economy†. Discuss.1252 Words   |  6 Pagesâ€Å"The rapid expansion of international financial market since early 1980s have integrated the world economy†. Discuss. The international financial system is a structure of markets within which organizations and individuals trade to support economic commitments made across national borders where buyers and sellers participate in the trade of assets such as equities, bonds, currencies and derivatives. 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In our hearts, we know that there is no going back.† -MariaRead MoreBanking, Money and Finance, Article Analysis Essay1520 Words   |  7 Pages The article is discussing of bank deposits and loans in the monetary transmission mechanism. It would lead the financial system to achieve monetary stability and creation of sound financial structure. The monetary policy implemented by bank can influence the real economy through monetary transmission mechanism such as money channel and credit channel. For example, in the short run, bank may sell off their securitiesRead MoreRussian Federation and United Kingdom: Comparison of Economy1660 Words   |  7 PagesEngland to Russia and UK were described in the third part of the report. Secondary online sources and macroeconomic books were used. SMALL AND LARGE OPEN ECONOMIES IN THE LONG RUN If an economy can interact freely, by selling capital assets and goods and services in world financial and product markets, with other countries in the world, it is considered to be an open economy. In open economy net export or trade balance (NX=EX-IM) should not be equal to the output (Y) of goods and services: NX=Y- (C+I+G)Read MoreThe Financial Crisis Of Greece And Portugal1624 Words   |  7 PagesBrothers collapsed at the height of the financial crisis. Investors all over the world were shocked and creditors were equally horrified. Greece, the founder of true democracy, the originator of the olympics and the birthplace of geometry - was now $430 billion in debt. Never before had a country such as Greece imploded with such velocity and magnitude - that its government bond contracts were now considered toxic. It was an exact replay of the financial crisis, except that the insolvent borrower was

TTTC Essay Free Essays

Vietnam in the form of stories that change the reader’s outlook on a variety of topics. One Of O’Brien chapters, â€Å"How to Tell a True War Story† truly exemplifies his role as a storyteller in the unique way he retells each of his stories. O’Brien alters his style with each recount to emphasize the different ways a story can affect a reader. We will write a custom essay sample on TTTC Essay or any similar topic only for you Order Now Through his specific style of storytelling, O’Brien is able to describe his different experiences of Vietnam while explaining his perspective of the human situation. O’Brien alternation between narrating a story and commenting on its exceptive effects explicitly expresses his role as a storyteller in this chapter. In doing this, he is also able to point out the influence it had on his view of human disposition and the true nature of war. He explains the traits of a true war story while giving examples of his own. His strategy of retelling a war story with multiple different approaches emphasizes the power of his storyteller position. He claims that ‘A true war story is never to depict his recount of the incident in a specific way, thus characterizing one of his many experiences . Just like most soldiers after war find a way to cope with their sufferings, O Brine relays his own experiences by stating that â€Å"In any war story, but especially a true one, it’s difficult to separate what happened from what seemed to happen†(63). This chapter is unique in the sense that it takes the minutiae of a certain war memory, twists it to invoke certain emotions, and stimulates a reaction in the reader. Throughout the chapter he illustrates how incredibly the meaning and the effect of a story can change with the smallest adjustment to details . The different ways that O’Brien tells a story help us realize the power of his practice. O’Brien analyses of true war stories, followed by his real life account strike the reader in the heart and change their view of the war as a whole. Brine’s storytelling is a powerful medium through which he expresses his thoughts on the war. Aside from relaying the incidents during the war, O’Brien also aims to point out his observations Of human nature relating to war. Whether we realize it or not, war has a large influence in all of our lives – O’Brien aims to bring out hose realizations through his storytelling. During this chapter O’Brien repeatedly shares the many characteristics of a true war story. He describes many different traits such as: a true war story â€Å"never seems to or â€Å"a true war story cannot be believed â€Å"(64). Then O’Brien gives an example of how that certain trait rings true in a story of his own. The effect produced is eye opening and causes the reader to adapt the same mindset that O’Brien takes towards his revelations. With his continued explanations of why war stories are so complex, O’Brien moves into the realm of legacies. His vivid description of Curt Lemon’s Death is a poignant reminder of the gruesome and tragic, yet sudden end to a great man’s life. Even though Lemon perished in the snap of a finger, O’Brien urges us to realize that his creative style of storytelling keeps Curt Lemon alive. Just like Ted Lavender and Kiowa, Curt Lemon left behind a legacy that lived among the memories of the soldiers. This is how O’Brien is able to keep him alive along with all of the others who he does not want to let go of. This novel can be viewed as simply a novel that describes a war experience room the point of a soldier; however, the way it’s portrayed makes it much more. Not only does O’Brien express what it was like to be in the Vietnam war, but also he gives us a deep analysis of our race in relation to common struggles among us. Often when a soldier has a hard time coping with their return, it is because he or she does not feel like they belong. It’s as if no one believes what they say is true because of how terrible it sounds. O’Brien explains that if â€Å"somebody tells a story, let’s say, and afterward you ask, ‘Is is true? ‘ [then] if the answer matters, you’ve got your There are any people who are ignorant to the lengths that soldiers go to for protecting this country, and when those people fail to appreciate those actions, it is heartbreaking. When O’Brien says that â€Å"if the answer matters, you’ve got your answer he is emphasizing the point that all war stories can be true even if they never actually happened. The experience Of war as a whole is so unbelievable that any story is true in some sense if it helps the reader understand what the narrator went through. His depiction of war is gruesome to say the least, but it explains to us how war impacts a man. He also expresses the importance off legacy like those of Curt lemon’s, Kiosk’s, and Ted Lavender’s. O’Brien has the potential to be scarred for life from these death incidents; however, he uses the power of his stories as a coping mechanism, and in turn is able to keep the souls of his comrades alive. He does this with Timmy preserve his innocence, and in the same way, he does this to his friends to aid the hurt the war has caused him. All in all, O’Brien strategy of storytelling achieves the multiple goals intended: to portray his tragic war experiences, to explain the human notation in relation to the war, and to portray the strength of a legacy preserved in a Story. How to cite TTTC Essay, Essays

Societies and Identities Exam Review free essay sample

What is the basic argument of the Malthusians? What kinds of evidence fail to support their argument? The Malthusian perspective is that as the population increased so did the demand for resources such as food and with that came the prices of items going up since it was in such great demand and Malthus also said that there was no way that disaster could occur. What he failed to see was that as population increased the agricultural techniques would result in constant increasing food production, but that was the case. Why isn’t it straightforward to identify the Earth’s â€Å"carrying capacity†? The reason why it is hard to identify Earth’s carrying capacity is because our capacity for culture and symbolic thought enables us to constantly change and alter our diets and the way we exploit the environment for food. What, according to Robbins, is the ideology of Malthusian concerns? The ideology of Malthusian concerns is question why the poor existed and what their purpose was, and that poverty existed due to over population because people did not want to change their ways. What is â€Å"demographic transition theory,† and what, according to Robbins, do its theorists regard as an answer to high population growth in poor countries? What, according to Robbins, is wrong about demographic transition theory? The demographic transition theory is that the world population growth increased only very slowly from human beginnings to around 1750, and this was maintained due to high death rates. And in poor countries people fail to use birth control methods in order to control the population growth. How and why did the economic expansion of the world capitalist economy changed reproductive behaviors? It is determined by a number of factors which include the period of fertility and the cultural and society. What is â€Å"wealth flows theory†? How does it explain why the demand for children in poor countries remains high, and the circumstances under which such demand declines? The wealth flows theory says that there are only two decisions that can be made by families and they are to have no economic gain to restricting fertility or to have economic gain. This means that a family see children as assets and they would either make a family money or make them suffer economically. What problems might emerge or increase in poor countries if they become more oriented to the nuclear family structure? Chapter Six, â€Å"Hunger, Poverty, and Economic Development† Is world hunger the result of insufficient food production? Is famine the most common reason for hunger? Is famine caused by food insufficiency? Is hunger caused by overpopulation? There is enough food in the world to feed the population on a vegetarian diet but not in poor countries there is enough food for everyone, famine is not the most common reason for hunger daily efficiency. Famine isn’t cause by food insufficiency but by the lack of work and the fact that people had no money or land, and it is not caused by overpopulation people don’t have the resources that they need. Why is it possible to be malnourished or to starve in the world today? From massive unemployment and high food prices. Historically, why have people left the land on which they produced their own food to seek wage employment, which requires that they buy food from others? People have left the land,,,due to the emergence of cities. This shift was due to the cities and the higher standards of living that was being provided. Why, perhaps, did humans shift from gathering and hunting to domesticating plants and animals? Suggested increase in population density may have required people to forage over larger areas in search of food, but by having domesticating animals and plants was very Neolithic. What is the advantage of plow and irrigation agriculture? In what parts of the world did irrigation agriculture begin? What are the costs of irrigation agriculture? Where did plow agriculture begin? What is swidden agriculture? What are its advantages? Bangladesh or Mesopotamia. Swidden a plot of land is cleared by cutting down the vegetation spreading it over the area. To use for planting and then burned. Seeds are planted and the plants are cultivated and then harvested. What was the most important change in food production inspired by the transformation of food into a capitalist commodity? What are the changes advantages and disadvantages? Why is high agricultural productivity essential for the growth of cities, manufacturing, and services? Finally the role of food as a capitalist commodity resulted in the increase intervention of the state of the food production What is the â€Å"neocaloric revolution,† and what are its problems? What is the â€Å"green revolution,† and what are its problems? What is the â€Å"green revolution II,† and what are its problems? A system that is technologically intensive and substitutes nohuman energy for human energy. The intensification f the use of technology in agriculture is largely the result of what has been called the green revolution. The Green revolution soon ran into some problems. In the capitalist economy, what determines the production of food, including what kinds of food are produced? Under what circumstances is food production discouraged? For example food production is not determined necessarily by the global need for food-that is, how many people have the means to pay for it. From Amartya Sen’s perspective, hunger is a failure of what, and is based on what conditions? Hunger can be seen as a failure of entitlements, and is based on the socially defined rights to food sources. Was there insufficient food during the Irish potato famine of 1846-47? What were the causes of Malawi’s famine in 1949? What is the lesson of these famines? No it was sent to those who could afford to pay for it, and in Malawi the case was that entitlements were used but the famine was started by a drought. Why is more attention given to famine than to endemic hunger? What have been the causes of endemic hunger in Brazil? Famine is more viewed because it doesn’t give the government a bad reputation like endemic hunger does. Also, endemic hunger makes the government look like they don’t care for their people enough. Brazil suffered endemic hunger because the government tried to change economically but they couldn’t keep up with the payments to the World Bank. In what ways is â€Å"health a political symbol subject to manipulation†? What are the consequences for the poor? The government can turn starvation into a medical issue, and instead of needing food they provide the people with medication. Why, according to Robbins, is â€Å"economic development† not a solution to poverty and hunger? What are the three features of economic development that lead it to cause, rather than solve, problems? How does James Scott describe these features and their consequences? Why is foreign aid not a solution to poverty and hunger? What are the good and not so good features of the Grameen Bank’s â€Å"microcredit† approach to reducing hunger and poverty? How are hunger and poverty based on the relations between consumer, laborer, capitalist, and nation-state? Hunger is not caused by a lack of food only by the lack of the ability to buy the food. Chapter 7, â€Å"Environment and Consumption† What countries have the highest per capita rates of energy usage and carbon emissions? The US and Canada How many hectares of land are required to maintain the consumption level of the average person in a high-consumption country? How do such countries make up for deficits in such land? At least 15 acres, and the deficit is made up through trade. How is the history of sugar tied to the emergence and growth of the capitalist world economy? How has it involved relations between consumer, laborer, capitalist, and nation-state? How did the diet of the English working class change in the 1800s? When it comes to â€Å"the case of sugar† there is a long historical past of xploitation as well as the interaction with the laborers, consumers and the economy its self. Sugar sold as a product that held health benefits to those who could afford to buy it and use it. During A. D 1000 Sugar was seen as a luxury and used as a spice and medicine. Since sugar was a commodity it soon was in great demand especially in the 18th and 19th centuries and the West Indies saw a great incr ease in their revenues, but since it was in great demand they needed to make more of it so that meant clearing out of forests and more man power which meant more slaves to do the dirty work. It was also sugar itself that helped many countries such as Spain and Portugal become big in the trading market because they had so much of what people needed but they needed workers and they would get these slaves from Africa to work on their plantations in the Canary Islands and Madeira. Sugar is basically a great example of how a nation-state who mediated the interaction between the capitalist the laborer and the consumer produces a long lasting global problem. Today during the modern times sugar is still greatly consumed and sold due to the â€Å"language† that is used by the marketers when it comes to advertising fast food to the public. Items with sugar are also more available to the lower classes because it is so cheap and the healthy food is more expensive. Sugar can be seen as the everyday fix that most Americans need, while at the same time generating vast amounts of wealth to those who sell their products. What are â€Å"drug foods,† and what have been their role since the industrial revolution? What is the impact of raising cattle for beef on the environment? How efficient is beef as a food source? How good is beef for our health? What has been the role of meat in the diet of most societies historically? Half of the water that we used is to feed cattle and grow grains. Issues include the amount of manure that the cattle leave behind as well as the methane gases that they release, as well as the slaughter transportation and the cooking of the beef itself. What was the role of cattle-beef production in the Irish Potato Famine? How did cattle-beef production affect Argentina and the U. S.? Regarding the U. S. how did cattle-beef production affect the Great Plains and American Indians? How has it influenced corn farming, and what are the consequences? How has cattle-beef production—past and present—involved relations between consumer, laborer, capitalist, and nation-state? What has been the impact of the modern â€Å"hamburger economy† on poor countries such as Costa Rica? During the famine the amount of cattle that was a vailable had increased greatly DUE TO THE FACT THAT most of the grains were being exported to other countries that could afford to pay for them, so they increased their profits. What is the difference between the â€Å"factory model† and the â€Å"agro-ecology model† of agricultural production? How have rich countries exported pollution? Chapter 8, â€Å"Disease† What have arguably been â€Å"signature† diseases of various periods of world history? What do signature diseases reveal about particular times and places in history? How do such revelations pertain to relations between laborer, capitalist, consumer, and nation-state? AIDS is a perfect example because it has become the signature disease for the culture of capitalism *smallpox **malaria **TB *polio **cholera Increases in population density and also the ways in which people took over the habitats of other animals when settling down. What four things are necessary for a pathogen to kill us? How do the four things pertain to relations between laborer, capitalist, consumer, and nation-state? *We must come into contact with the pathogen/vector *the pathogen must be virulent *if we come into contact with a deadly pathogen it must be able to evade our body’s immune system *the pathogen must be able to circumvent whatever measures our society has developed to prevent it from doing harm. Because human behavior is largely dictated by culture, these cultural patterns paly a major role in creating or inhibiting opportunities for pathogens to spread. How did the shift from gathering/hunting to early agriculture change the relationship between microbes and humans? How has the history of urbanization change this relationship? How have these shifts pertained to relations between laborer, capitalist, consumer, and nation-state? These animals were carrying the ticks on them and most likely came into contact with the hunters and came into the households since they were placed in the animal’s habitat. The best argument is that the kinds of lives that we lead as well as the cultures and patterns of social relations that we contact maintain and reproduce. We can make the comparison of the hunter and gatherers as well as the more sedentary communities that came after them. It was said that it was easier to care for the sick if a small population was sedentary rather than mo ving around so much, and that small scattered populations had less of a chance of encountering disease as did those that lived in large dense populated areas. So the living standards and how people took care of the environment and the way in which they interacted with it was a great component. Being a sedentary population had its advantages because you had fewer pathogens to deal with, but at the same time it became more favorable conditions for them and once they began to domesticate animals gave them additional pathogens that they had to deal with. How have the environmental diseases of the past fifty years or so influenced the spread of disease? How has this influenced pertained to relations between laborer, capitalist, consumer, and nation-state? How has the emergence and spread of AIDS reflected contemporary relations between laborer, capitalist, consumer, and nation-state? Hierarchical diffusion , the disease jumps from one living hub to another. When it comes to disease what needs to be noted is the fact that the relationship between human behavior and their culture greatly affects how we come into contact and deal with certain diseases. AIDS is a perfect example because it has become the signature disease for the culture of capitalism, and it is mostly predominant in poor countries and Africa. Africa alone is said to house 5% of the world’s population in AIDS. Another example can be Lyme disease, Lyme disease came about when people had decided that they would cut own the forests and this allowed for a great population of deer and mice to increase since their predators were eradicated. These animals were carrying the ticks on them and most likely came into contact with the hunters and came into the households since they were placed in the animal’s habitat. The best argument is that the kinds of lives that we lead as well as the cultures and patterns of social relations that we contact maintain and reproduce. We can make the comparison of the hunter and gatherers as well as the more sedentary communities that came after them. It was said that it was easier to care for the sick if a small population was sedentary rather than moving around so much, and that small scattered populations had less of a chance of encountering disease as did those that lived in large dense populated areas. So the living standards and how people took care of the environment and the way in which they interacted with it was a great component. Being a sedentary population had its advantages because you had fewer pathogens to deal with, but at the same time it became more favorable conditions for them and once they began to domesticate animals gave them additional pathogens that they had to deal with. Chapter 9, â€Å"Indigenous Groups and Ethnic Conflict† Why have indigenous cultures commonly been destroyed in the history of the nationstate and world capitalism? These cultures have been destroyed because the nation state wants to provide them with more standard methods of living and when they are destroyed it is because one ethnic group enjoys an economic advantage over the other, and because their way of life differs greatly from that of the culture of capitalism. What are the common characteristics of indigenous cultures? *they frequently move around and that makes them difficult to control, *they have ownership of land and resources that the state needs/wants, *as well as the kinship based culture social structure that they have, *plus most small scaled indigenous groups tend to be egalitarian (equal). What processes are involved in â€Å"ethnocide†? the establishment of a frontier situation and advancing through military intervention *the extension of government control *the global destruction of indigenous culture through land takeovers, cultural modification, economic development Why are capitalism and democracy â€Å"a volatile combination† when there is a marketdominant minority? Where there is a market dominant minority capitalism AND DEMOCRACY are a volatile combination. Genocide can be seen as an externality of the market because of the way that it target one group when the once stable economy in a country seems to go wrong. Most people seem to think that genocide arises solely based on ethnic issues when really economics is the leading reason as to why genocide occurs, when really he factors that need to be considered are the incompatibility between democracies, the markets, and a group’s reaction to sudden economic deprivation brought about by radical market reforms. Why is the case of Rwandan genocide â€Å"hardly a simple matter of tribal warfare or ancient hatreds? † Another example can be Rwanda where the colonial history as well as the global economic integration combined to produce genocide. Basically, genocide is when a group needs a scapegoat to put all of their problems. When the Tutsi were given the power they used it to take land from the hutu and the hutus were basically left to serve the tutsi.