Essays on Nationalization

Reading Summary about Fanon

According to Fanon, nationalist parties aim at mobilizing people in the spirit of independence (97). These parties do not have economic agendas for the nation because of their lack of an idea about their country’s economic status. Nationalist parties always operate on academic and approximate knowledge of the country’s present and potential resources; thus, they can only talk about the economy in the abstract sense. After independence, bourgeoisies undergo considerable stagnation due to the lack of capital and inability to adapt to the road to revolution. Scarce managerial talent and precarious resources force bourgeoisies to focus on ...

The economy is made up of three main sectors; private, public, and the social economy sector. The private sector comprises of businesses, while the public sector is mainly the government. The social economy sector is composed of non-governmental not for profit institutions and organizations, cooperatives, charitable organizations, and social enterprises (Neamtam 1). A social economy can be said to be a distinct financial system established with the aim of improving the wellbeing of the communities, both socially and economically. The social economy has been in existence for a long time, although the first application of the cooperative principles to ...

The History of Banking System in India.

The banking system in India has taken tremendous revolutions in the past years. Trade and commerce have been part of the Indian social organization since the times of civilization. The trading organizations were initially organized into social systems that mostly based their relationships on the exchange of goods and services. Banking is important for the economy of a country to grow at the global pace. The changes that these institutions have made for the Indian commerce are quite significant. Trading activities were formerly held by various social groups and run by the wealthy merchants of the time. Trade and ...

Sovereignty: The word sovereignty means having paramount authority over a polity. The concept is, if a land is sovereign, then no external force has the right to intervene in the internal matters of the land.

International Organization: International organization has international presence, scope and membership. Such organizations operate across various nations. There are two categories of international organizations: INGOs and NGOs.

Actor: Any force that takes part in any political scenario, and has a role to play in it is known as an actor.

Anarchy: Anarchy is the absence of any government or the condition of disorder that ...

The financial crisis of 2008 had one of the most devastating impacts on the world economies. The American economy may have been the source of the crisis but the impacts affected almost every country in the world. There are several global implications that resulted from the crisis. This includes the developed economies in Europe and the developing economies in the rest of the world such as Latin America and Africa. The global impacts can be divided into two; the consequences of the crisis on developing nations and on developed nations.

The developing world suffered a great deal during the financial ...

INTRODUCTION

Since the Great Depression of 1929-30, the worst financial crisis was witnessed during the end of 2008. Numerous American and European banks declared going into loss by the end of 2007. Later, Lehman Brothers, the 158-year old investment bank went bankrupt; Merill Lynch, the investment bank and the stock-broking firm was taken over; Goldman Sacks and Morgan Stanley seek the status of bank to receive protection against bankruptcy. It was during the same week that the other four investment banks on the Wall Street collapsed. The global financial crisis of 2008 was one of the most critical ones ...

Introduction

Great Depression was the most serious economic crisis in the inter-war world. Almost all European countries and the USA suffered from economic problems that couldn't be solved by traditional means. The best way to overcome the crisis was proposed by the American President Franklin D. Roosevelt. Roosevelt was an excellent politician. He knew how to listen and to reconcile enemies, and besides that he was an optimist by nature. Actually, he didn't have any premeditated targeted programs and his policies often consisted of the series of improvisations. A brilliant orator, he was among the first ones to use a ...

Introduction - The figure of Fidel Castro

Fidel Alejandro Castro Ruz is the revolutionary political figure, bringing Cuba to the long-lasting period of communism. The controversy of this figure on the global political arena is as obvious as the role and status of the island over the last thirty years. Born in 1926, the child was only officially recognized by the father by the age of 15. As a result, Fidel´s name was changed from Ruz to Castro. Castro spent his life on the island of Cuba, it is remarkable, though, and that Fidel grew up in wealthy family and was educated in a private boarding school, ...

After the economic crisis broke out in 2008, what economic system is best for the country, especially for the bank, becomes a hot topic between people. According to what we learned from the Great Depression, the British economist John Keynes state that government intervention can help a depressed economy through monetary policy and fiscal policy (Krugmanand Robin). Also, from what Keynes said and from the great depression, it also tells that too much freedom on the market will produce exactly the opposite results. Similar situations as to banks, during the recession, if the government can give the assistance at the moment, ...

The state of Gran Columbia collapsed in 1830 giving birth to the country now known as Venezuela (the other two countries that came from Gran Columbia are Ecuador and Columbia which was formerly known as New Granada). The country has been ruled by military men until the start of democratic election in 1959 (CIA Factbook, 2013). In 1999, Hugo Chavez got elected as the country’s president and implemented a new brand of “socialism” which according to him was the answer to the pressing social problems of Venezuela. This move however, led the way to a host of other problems such ...

The Middle East has both rich and violent history that as of today is a cause for conflict and speculation considering the effects of these events to the present situation of the region. Conflicts caused by several leaders and the foreign powers had made the divide in the rich land severely disconnected, fostering the century old Arab-Israeli conflict up to new heights. While the conflict in the Middle East continues to ravage the land, several notable events in the beginning of 1950s that created an influence on both Middle Eastern regional and international affairs. One of these notable events is ...

Analysis of the international response to the Suez Canal Crisis

On the 26th of July 1956, the president of Egypt at that time, Gamal Abdel Nasser nationalized the Suez Canal seizing it from international firm which was under the Anglo French control. The Suez Canal existed in Egypt but it was run by an international company which received the rights to run the company under the Constantinople Agreement of 1888. Under the arrangement that existed prior to the crisis, the international company received $31 million from the Canal while Egypt received $ 17 million from the Canal..The nationalization of the Suez Canal was the beginning of a diplomatic row between Egypt ...

Root Cause of the 2008-2009 Economic Crisis

As of today, the 2008-2009 Global Economic Crisis has left its mark in the international community as many countries have slowly succumbed into depression and recession. Many experts have argued as to how exactly did the crisis spread out from the United States, into the international economy. Some have noted that it was due to the foreclosure of many US companies due to bankruptcy, while others saw it was due to the wars happening in the Middle East. There were also arguments as to the resolution of the problem, and how countries could recover from the losses accumulated from ...

This paper is going to discuss the European sovereign debt crisis of 2010 to date, and especially the crisis that hit two particular governments in the sovereignty, Greece and Ireland. The two governments have recently received bailouts, or financial support from the EU/ IMF following the two nation’s financial crisis of 2010. The two countries had similarities in regards to the support owing to the fact that the two states had troubles with their government finances. The causes of the troubles, in addition to the terms of the support received by each nation, and the prospects of the ...

Abstract

Vocational Education and Training (VET) is a fairly new educational concept that teaches the students skills required for performing a particular job[ CITATION Yin06 \l 1033 ]. In the last few decades Vocational Education and Training has changed focus from simply preparing the students for jobs that demanded less than a degree to a broader preparation that incorporate academic, vocational and technical skills development for more competitive professions or advanced degree[ CITATION Yin06 \l 1033 ]. Socioeconomic as well as political forces have contributed to major changes in the Vocational Education and Training system in Australia. With the diversification of the economy there is increasing ...