Course work-essay Essay Example | Topics and Well Written Essays - 750 words - 1

Course work- - Essay Example The stability of the global market destabilised to an extent that the economy of the rest of the world, including Thailand, Indonesia, Philippines and South Korea went into economic meltdown. This was so severe that it called for the intervention of the humanitarian groups, like Jubilee 2000, who advocated for the cancellation of the debts owed by the poorest countries. The Central bank decided to chip in and try to resolve the situation therein. They worked for 24hours just to see thing go back in order. Hazel introduces John Perkins, who is an economist and the author of â€Å"Confessions of an Economic Hit Man†, to discuss the history of economic theory and his involvement in the manipulation of the financial organisations like the world bank and the International Monetary fund (IMF). Perkins says that during the past decades when ‘hot money’ was in circulation, he was actually seduced into luring the poor countries who had huge debts into further debts. This was purposed so that these countries would hold to the government policies of the United States. For instance, Indonesia became a victim when the United States loaned it billion of dollars, which was later taken by the US in the name of building for them projects back in the US. They continued paying back the loan with the huge interests until they could no more. This left Indonesia with a huge debt that they would never repay logically thus holding on to the US government. Therefore, this gave the US a ch ance to manipulate the Indonesians by fetching resources their country such as oil. Finally, Perkins confesses that whatever he was asked to do was technically politics and not assisting the poor countries to get out from their poverty. I think this was an unfair way of trying to control the entire world. The US government went overboard in trying to exercise their super-power

Limist of data indicatiors for pupblic administrators Essay

Limist of data indicatiors for pupblic administrators - Essay Example Transparency International defines corruption as â€Å"the abuse of entrusted power for private gain."1 On the other hand, freedom is defined by Freedom House as "the opportunity to act spontaneously in a variety of fields outside the control of the government and/or other centers of potential domination."2 We need to realize that both corruption and freedom have a common factor – government. According to the assumptions of the media, countries with high levels of corruption, low levels of freedom, and high levels of unemployment, specifically among young men, are the main reasons why some countries face political vulnerability and turmoil. Table 1, located in Appendix I, shows rates of corruption according to CPI investigations and questions, which are based on methodology that measures countries according to two main categories – political rights and civil liberties. Data Perceptions: An interesting line graph forms after studying the data in the Table 1 (located in Appendix I). This line graph shows how close the rates of freedom and unemployment are. More specifically, the graph shows that the country with the highest rate of freedom (least amount of freedom) is Libya (7.0). To compare this with another country, Tunisia has a rate of 6.0.