The emergence of the new economy in has led to a shift from old production economy to a new economy that is based on acquisition of necessary skills and knowledge. This has resulted in change of attitude among all players of the new economy. Major focus has shifted from provision of un-skilled labor to provision of skilled labor based on scientific and technological knowledge.read more
White-collar crimes are the crimes committed by individuals belonging to the higher section of the society and who have a great amount of respectability in the eye of the public. Usually such crimes would be committed by the individual in their occupational role. Most of the crimes committed by the white collared individuals are deliberate and organized so as to gain financially or personally, using their power. These crimes may be handled by several means including not bringing the issue up to the court; using their administrative powers to cover up the case; proving that their actions are not crimes at all; and often implicated the individuals who had no power (who were often the middle and the lower classes). The lower classes are often implicated because:-read more
The end of the Second World War resulted to the decolonization of many Southeast Asian states, and the eventual nation-building of war-torn countries like Japan, Korea, China, Taiwan, and the Philippines. The weakened state of many European countries allowed the regional spread of nationalistic sentiments. Many of the conquered peoples rose in rebellion and declared self-determined nations. However, decolonization was not the sole cause of nation-building. Much of the war-torn economies of Asian countries were dependent on US aid. The United States government promised billions of dollars in aid to the economies of East Asian countries (Taiwan, South Korea, Japan, and China). These economic aids were directed to: 1) allow the reconstruction of essential economic sectors, 2) enable the United States to have a free hand in dictating economic policies to these countries, 3) formalize the establishment of democracy as the only legitimate form of self-determination, and 4) improve trade relations with these countries.
Note that while the United States was busy showering economic aids to these countries, Southeast Asia suffered heavily from long-term inflation and famine. The Philippines, a former US colony, received only 1/8 of US aid to Japan. Indonesia, a former Dutch colony, was in a state of widespread rebellion. The Dutch government refused to recognize the Indonesian Independence Movement. It received no substantial aid from its mother country because the latter was busy rebuilding its economy.
The term interest, is the ‘rent‘ paid to borrow money. The lenders recieves compensation for determinign his own consumption. The original amount rate is ‘principal’, and the percentage of the principal which is paid/payable over a period of time (usually one year) is the “interest rate”.read more
The pervasiveness of white-collar crime has produced economic costs that may be seen from the individual level and extends until the national level. The costs may be defined in both monetary and non-monetary levels. Giving a short definition of white-collar crime, Vito, Maahs, and Holmes cited Professor Edwin Sutherland that the said term is “a crime committed by a person of respectability and high social status in the course of his occupation” (p. 411).read more
The Zionist perception formed two units for Palestine: one that was Jewish and one that was not Jewish. Despite the fact that Palestine was not divided during the Ottoman period, a conflict centered on the Palestinian territories made way for what was called the ‘demographic danger’ by the 1960s… a fear that Israeli would be converted to a bi-national state. With the help of the Bush administration and Palestine’s self-determination, the ‘two-state solution’ became possible, especially with an economic viability that could present brighter future for the state. With the Palestinian culture and citizens being scattered in large numbers across borders, an independent Palestine was actually possible, especially that they had an economy that was thriving and improving. This is where Sufyan Alissa centers her piece in what is entitled as ‘The Economics of an Independent Palestine’. With economic development being shaped in the West Bank and Gaza Strip or WBGS, it made way for the establishment of the Palestinian Authority or PA that, in the process, made way for policies to take greater dimensions across borders. Many think that Palestine was about to experience a thriving economy—until it broke loose in September 2000 (Alissa 123). With the collapse of the Camp David negotiations, it led to numerous outbreaks between groups and movements.read more
Morocco; a country that is Arab, yet so different from the rest of its neighbors. The recent stride it has made regarding its economy has valuable lessons for the Arab world. They should learn from Morocco’s example which is a state that is breaking away from tradition and into modernity.read more
A tax refers to a monetary charge or levy that is imposed to an individual or legal entity by a government or state in order for it to run the affairs smoothly. Taxes may either be direct or indirect and could be paid in money or labor equivalent. Taxes are enforced contribution in line with legislative authority.read more
The “graying” of the United States refers to the rather rapid growth of the elderly sector (aged 65 years and older) of the population. As early as the mid-1990s, this sector was already estimated at 13% of the country’s population. It is expected to reach approximately 20% by 2050. The elderly sector could be broken up into two groups. The first group is composed of those who are aged sixty-five up to seventy-five years and who are, by and large, able to care for themselves even for their economic needs. The second group consists of those who are over seventy-five years old. These people are considered greatly dependent on others both physically and financially. Researchers attributed this growth to the fact that life expectancy has gone up by about 30 years due to medical advances - meaning that women born during the 20th century are expected to live up to 79 years of age while men should reach 73 years (Macionis, 1995). Another reason cited by researchers is the aging of the baby boomers which is estimated to contribute around 75 million to the elderly population of the country (Libow, 2005).read more
After the cold war, a common threat doesn’t seem to exist. There is conceptual vacuum in which it isn’t clear who the enemy is and what security involves (Cable 305). According to some countries economic security involves those aspects of trade that affect’s its ability to defend itself. Others define it in the sense of ‘security of supply’ of different things like advanced technology, food and strategic minerals like oil. A third definition is in the sense of geo-economics, which can be imagined as an “economic warfare between leading countries” (Cable 307). Finally, others include other small levels of insecurity to the definition of economic security like narcotics trade, pornography trafficking etc (Cable 307). A few others like Jessica Matthews redefine security in terms of global environmental problems. Some others have also included population changes as a security threat too (Cable 323).read more
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