at the Local Level A report by: Sheryl I. Fernando “Local governments do not have the luxury d of time to delay the development of their de own capabilities whic will allow them to ch achieve their cherishe objectives. ed They should help them mselves and not stagnate while the rest of the world go by. st Local governments he elping themselves is the essence of the home ru It is also the ule. cornerstone of democr ratic and just institutions. “ ‐‐ LOGODEF‚ 1993 “Local governments in
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area. With this autonomy‚ the area is given broad authority to take care of their own household with minimal government intervention. Local governments have the right and authority to use the vast financial resources in accordance with its needs and aspirations of communities that developed in the area. However‚ with broad authority‚ it is not meant that local governments can use the financial resources they have at will‚ without a clear direction and purpose. Extensive rights and powers granted
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1 LOCAL GOVERNMENT’S FINANCIAL CHALLENGES A fresh look at local government’s deliver obligations and resource requirements is needed. HILDEGARDE FAST makes the case for a differentiated approach. It is common knowledge that many municipalities in South Africa are financially in dire straits. In the public discourse‚ the focus is often on operational issues such as poor revenue collection‚ unsustainable debt burdens‚ and lack of financial management capacity. In seeking to understand the financial
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Patch Adams There are many drastic differences between the extremely respectable communication of the magnanimous Patch Adams and the almost cataclysmic communication of the normal doctoral staff of the respected medical school‚ the mental hospital‚ and the regular hospital that the medical students were trained at. These two different ways of communicating were considerably different in their intentions‚ their every day morals and values‚ and even their exceptionally diverse ways of treating patients
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economy are made from government officials considering the resources and needs of the country and distribute resources based on their judgment. 4) Consumers can spend their money as they want; producers decide what goods or services they’ll offer. 5) Adam Smith’s “invisible hand” does function in both traditional economies and command economies‚ too. In traditional economies they base everything on survival. To survive‚ you must think about yourself but more so about your peers to make sure you all
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occur on a local level and are primarily run by volunteers and helpers. The original phrase "Think global‚ act local" has been attributed to Scots town planner and social activist Patrick Geddes. The term was increasingly applied to initiatives in international education and was advanced by Stuart Grauer in his 1989 University of San Diego publication‚ Think Globally‚ Act Locally: A Delphi Study of Educational Leadership Through the Development of International Resources in the Local Community.
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Revolution of the factory system allowed capitalism to flourish‚ giving society increased productivity and wealth. Although‚ the Industrial Revolution was a time of wealth‚ labour laws did not exist and this allowed for exploitation of workers in factories. Adam Smith and Karl
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BT20403/Company Law Business Entities: Company Law Topics covered: Types of Company Formation of a company; • Promoters Pre-Incorporation Contract • Memorandum and Articles of Association Inconsistency between the object and the company’s activities Upon incorporation: • Company is an artificial legal person • Separate legal entity Lifting the corporate veil scs&ismk/company law CONT. 2 The Effect of Incorporation • Memorandum of Association & Articles of Directors’
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Adam Smith and Karl Marx Adam Smith and Karl Marx have very different theoretical contributions. Adam Smith proposed that the free market‚ where producers are free to produce as much as they want and charge customers the prices they want‚ would result in the most efficient economic outcome for consumers and producers alike due to the. The rationale for his proposal was that each individual would try to maximize his own benefit. In doing so‚ consumers would only pay as much as or less than they would
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The effects of globalization on local culture In the past people said it is impossible to know about things that happen in any part of the same area. They think if it happens it will be magic. Nowadays the magic has become true. It is so easy to know about any event that happens in any part of the world at the same time! This is globalization‚ and it makes the big world like a small village without national borders but with the same language and laws‚ to make communication between people easier
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