Essays on Picker

Inflation entails the persistent rise in the general prices of goods and services in a country. This phenomenon has various consequences that touch on individuals and the economy as a whole. Inflation results in reduced real incomes. Rising inflation levels in an economy tend to reduce individuals’ incomes as well as the real GDP of the economy as people spend more on few commodities due increased prices. The cost of obtaining loans and mortgages increases during high inflation regime as people strive to finance increased living costs (Mankiw 53). The demand for loans increases during inflation, resulting in high ...

A Critical Commentary of Chapter 2 in the Book Comparative Legal Traditions In A Nut Shell By Mary Ann Glendon, Paolo Wright-Carozza and Colin Picker. Chapter 2 focuses on the legal structures in civil law jurisdictions as opposed to other legal systems. First, the authors consider the parliamentary system of government that exists in civil law jurisdictions. They also provide a clear definition of what a parliamentary government is and what it entails while contrasting it with the presidential system of government. The chapter reveals the close connection that exists between the parliaments relate with the ‘the government’, which ...

Two of the most important components for a good governance are the establishment of an effective education and health care programs that would benefit the majority. Seemingly, there are a lot of factors to be considered on how every nation can improve the overall value of these programs. This paper will provide distinct comparisons of how education and health care programs both Africa and the United States affect its governance and socio-economic status. Let us first focus on the status of health care for both Africa and the United States. It is a fact that the United States is ...