out that the illegal drug trafficking industry contributes to money laundering‚ arms smuggling‚ organised crime‚ corruption‚ illegal migration and possibly also terrorism (120). Furthermore‚ he emphasises that these factors contribute to societal‚ economic‚ and political degradation; consumer health and safety is affected as a result of increased drug use and crime levels respectively‚ while the “shadow economies” created by the industry prevent financial systems from functioning properly‚ and rule
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JOURNAL OF ECONOMIC ISSUES Vol. XLV I No. 2 June 2012 ISSN 0021−3624/2012 $9.50 + 0.00 DOI 10.2753/JEI0021-3624460210 Global Imbalances and Financial Crisis: Financial Globalization as a Common Cause Yan Liang Abstract: Global imbalances and global financial instability are tightly connected and can be traced to a common cause‚ that is‚ financial globalization within the current monetary and financial system. The paper argues that financial globalization contributes to global imbalances
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INDIA A GLOBAL ECONOMIC SUPER POWER New parts of the world that were not long ago considered undeveloped‚ backwater countries‚ are now taking center stage in the global economy. Much has been publicized about the ascendance of China’s economy‚ as it has become a major venue for the manufacturing of products sought after by worldwide consumers eager for cheaper goods. However‚ China’s Asian neighbor‚ India‚ also has a vigorously growing economy. India’s economy is partly being fueled by companies
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Mortgage Loans in Philadelphia‚ PA The financial collapse that took place toward the end of the last decade took a devastating toll on the housing market across the country. The subprime lending practices of banks had created a huge inflated bubble that was constantly expanding with debt created by people who did not have the viable means to pay it off. Subsequently‚ the recovery that the country has experienced across the board‚ has produced more stringent lending practices that has resulted in
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THERE IS NO SUBSTITUTE FOR LEADERSHIP: AN ANALYSIS OF BRITISH PETROLEUM A comparison of different leadership methods in reference to crisis management THERE IS NO SUBSTITUTE FOR LEADERSHIP: AN ANALYSIS OF BRITISH PETROLEUM • The Organization : British Petroleum • The Crisis Incident : The Deep Water Horizon Explosion and Oil Spill • The Solution : The Leadership of Methods of James Burke The Organization : British Petroleum History Founded by William D’Arcy in 1901
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Financial Crisis A financial crisis is “an economic recession or depression caused by a lack of necessary liquidity in financial institutions. A financial crisis may be caused by a natural disaster‚ negative economic news or some other events.”(InvestorWords.com‚ 2009) Financial crisis usually decrease business activity because people do not have enough financial resources. The reason why I chose this topic is because it is a daily theme in all of the European tabloids. We read every day’s
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Understanding the Principles and Practices of Assessment Q1 - Explain the Function of assessment in learning and development The assessment cycle continues until all aspects of the qualification have been achieved by the learner:- Initial assessment – Prior knowledge of the subject to determine teaching style. Assessment planning – agree what types and methods of assessments are to take place Assessment Activity – what methods‚ e.g. observational/ assignments/ questioning Assessment decisions
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The Nullification Crisis started when South Carolina adopted an ordinance of nullification. This allowed the federal tariff acts of 1828 and 1832 to be labeled unconstitutional and denounced in the state of South Carolina. The state’s tilt towards nullification actually started years earlier‚ during the 1820’s‚ when the state suffered from an agricultural depression. This caused an estimated 70‚000 people to move out of the state‚ and almost twice that number in the 1830’s. This caused most of the
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Asset securitization is a financial innovation aimed to improve liquidity and raise funds. It is a technology and process of structuring illiquid assets that can produce predictable and stable cash flows‚ reallocating risks and benefits‚ providing corresponding credit guarantees‚ and ultimately issuing securities to raise funds with the illiquid assets as underlying assets. In a narrow sense‚ asset securitization generally refers to securitization of credit assets‚ including mortgage-backed asset
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“A&P” The story “A&P” gives us a interesting‚ dynamic protagonist. We are given a short situation in which to determine his personality and his intentions. As the story progresses‚ we get a peek of Sammy’s personality‚ but his reasons are still a blur. Several other characters assist to contrast against Sammy. Though the story is short‚ we are left with a question to ask ourselves‚ why did Sammy do what he did? From the beginning of the story Updike uses Sammy’s youth and unromantic descriptive
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