Tuesday, August 6, 2019
Article Review Essay Example for Free
Article Review Essay Resource: Article Review Format Guide located on the student website Locate an article specifically related to the Sarbanes-Oxley Act (SOX Act) of 2002. Write a 350- to 700-word review of the article. Your review should discuss how the SOX Act may affect ethical decision making in todayââ¬â¢s business environment, and the criminal penalties for which the act provides. Format your paper consistent with APA guidelines.Article: Why was the Sarbanes-Oxley Act of 2002 created and how does it impact financial reporting today? General Questions General General Questions Resource: Article Review Format Guide located on the student website Locate an article specifically related to the Sarbanes-Oxley Act (SOX Act) of 2002.
Monday, August 5, 2019
Analysis of Ghanas Economic Growth
Analysis of Ghanas Economic Growth An analytical review of the effect of conflict, politics and resources on the economic growth of the country. 1.0. Introduction 1.1. Ghana in 1957 Some fifty years ago, Dr Kwame Nkrumah stood before a throng of cheering fellow Ghanaians, proclaiming independence from the British Empire. ââ¬Å"At long last, the battle is endedâ⬠, he bellowed triumphantly, ââ¬Å"Ghana, your beloved country is free foreverâ⬠(Nkrumah, 2007). Such were the words that signalled the end of British rule and the start of a new era for the former Gold Coast, which had succeeded in becoming the first independent nation in Africa. By doing so, she set a hopeful precedent to other former colonies which would shortly and eagerly follow in Ghanaââ¬â¢s footsteps. For the ââ¬Å"model colonyâ⬠the future, at this point, looked bright. As a nation with ââ¬Å"advantages of wealth and attainment unrivalled in topical Africaâ⬠(Meredith, 2005, 22), Ghana was expected to take the world by storm, swiftly join the ranks of the industrial nations, and proudly serve as a shining example to the post-colonial world (Dzorgbo, 2002, 2-3). There was nothing far-fetched about this optimism. She was, in 1957, one of the most economically advanced countries in sub-Saharan Africa. Income per head was double that of the Tanganikans, substantially more than the Zambians, and almost on a par with the Rhodesians (Alpine and Pickett, 1993, 64). Contributing to this private wealth was the lucrative trade in the export of cocoa whose production Ghana dominated by this time. Such a presence within the international commodity market helped shore up the already substantial amounts of foreign reserve her government held. Yet all of this failed to happen. Several years after independence, Ghanaââ¬â¢s economy began to totter, her foreign reserves evaporated, and reckless public spending placed the country on a financial precipice ââ¬â all this by the end of the 1960s (Konadu-Agyeman, 2000, 473). There was to be no let-up. The economic downturn continued into the 1970s where Gross Domestic Product (GDP) fell more than three percent each year. Price inflation averaged at around 50 to 100 percent. Worse was to follow. By the beginning of the 1980s, inflation reached more than 100 percent, GDP levels fell further into the abyss, and one of the worst famines hit the country (Sandbrook, 1982, 2). Nothing, it now seemed, could go right. She had little choice but to solicit help from abroad. 1.2. International intervention and neo-liberalism Following the implementation of economic restructuring programmes, created by the International Monetary Fund (IMF) and the World Bank, Ghana finally emerged out of her desperate trough in 1983. Inevitably questions were asked. Why had Ghana struggled for so long? How could she so comprehensively dash the hope and goodwill in the immediate years after independence? Many factors, in the view of the IMF, had contributed to her demise: mismanagement, over-regulation, failure to tackle inflation, and currency over-evaluations headed the depressingly long list (Konadu-Agyeman, 2000, 473). Correspondingly, strings were attached to how IMF funds were to be used: the devaluing of the currency, the Cedi; the withdrawal of subsidies; the retrenchment of labour; the reduction in public expenditure; and the liberalisation of trade and exchange controls. Such measures, which took their cue from a resurgent neo-liberalism, have proved to be a mixed blessing. Even though, on the one hand, the adoption of these policies helped rein in inflation, created steady currency fluctuations and boosted the production of cocoa, they also led, on the other hand, to increased unemployment, ushered in stiff and unfettered competition from abroad, and generated substantial social discontent. So much of the welfare state had been taken away, in fact, that the weak and the poor were falling through the net. But a final verdict on the effectiveness of these policies is still too early to call. Even so, it would be true to say that many of these neoliberal suggestions, which underpin the IMFââ¬â¢s Structural Adjustment Programmes (SAP), have not come from an appreciation of the peculiarities of the African predicament in general or the Ghanaian one in particular. Rather they draw from the successes of the East Asian Newly Industrialized Countries (NICs) which, it is argued, managed to free themselves from the shackles of perennial underdevelopment by creating growth through the export of value-added products. Such a way of proceeding, it has been reasoned, could be replicated within the African context. Much of the reason why Ghana failed in the years after independence from developing economically, this model suggests, was because she promoted a policy of protectionism. Rather than achieve industrial growth and economic development Nkrumah said it would, his policy of Import Substitution Industrialization (ISI), which erected tariffs so as to nurture domestic industry, did the opposite and halted diversification and competitiveness. All of which had now come home to roost, in the opinion of neo-liberalists, who now called on government to shrink. The new policy of SAP, based on exports, has at first glance much to recommend it, especially with regard to Ghana. Even a cursory look at Ghanaââ¬â¢s colonial past yields firm illustration of why an export-based economy could make sense. During the days of the British Empire, Ghana had been forced to open up to the international market not least because she offered precious resources and material such as gold, sugar and cotton. Such a colonial emphasis on international trade, to be sure, substantially benefited the colonisers and not the colonised. Even though the British emphasis on exports had the effect of neglecting domestic industry, the legacy the Empire left behind was nonetheless one in which the economy thrived on her exports (Frimpong-Ansah, 1991, 67). Counterfactually-speaking, therefore, had Nkrumah implemented economic policies which aimed to promote exports rather than seek to curtail them, then Ghana may have been spared from the title question: what are you doing here? 1.3. Problems and solutions for the Ghanaian economy If only things were that simple. Even though one might forcibly argue that Ghanaââ¬â¢s economy is orientated towards the international market, the kind of exports she has traditionally exported ââ¬â and is currently exporting ââ¬â would not have contributed much towards sustained growth. Nor do present circumstances hold hope that things would be any different either. Primarily, as the World Trade Organization has outlined, Ghana is still ââ¬Å"heavily dependent on agriculture, especially cocoa, and on natural resources, notably minerals. Primary production accounts for almost half of GDP; agriculture at 40%, is the most important sector. Manufacturing contributes some 10% of GDP. Services are the second largest componentâ⬠(WTO, 2001). Much of this primitiveness must be sought, once more, in British colonial policy, which saw little need to invest any substantial sums into creating a more sturdy and versatile infrastructure. Raw materials, such as Ghanaian cocoa, were kept just that ââ¬â raw ââ¬â to keep prices down, prevent competition to British firms by not having processing facilities, and turn Ghanaian subjects into obedient consumers of the finished product that would be shipped in from abroad. As Immanual Wallerstein put it with reference to Africa generally: ââ¬Å"Whatever the motive for entering the world agricultural market and whatever the social organization of export production, each colonial administration, as the political arm of the metropole, sought to tie a segment of the African population into the larger imperial economy either as independent producers or as wage-workers, and in all cases as consumersâ⬠(Wallerstein, 1986, 18). He could have just as well been talking about Ghana. Such colonial legacies mean that even today Ghanaââ¬â¢s raw materials continue to be dictated by external conditions. Since primary products are easily affected by the vagaries of the weather as well as by the fluctuating international market, export-led economic development would almost certainly prove to be a bumpy ride. More specifically, it means that: ââ¬Å"When stocks are low and pries high farmers can increase their planting, but they cannot compress the time it takes crops to ripen to harvest When farmers eventually increase production, prices fall as supplies quickly outgrow demand in importing countries, given that demand does not grow significantly in response to lower prices. The result is a pattern of short-lived booms followed by lingering slumpsâ⬠(Food and Agriculture Organization, 2004). Such descriptions invoke a viscous circle from which Ghana would find hard to escape. From this lesson follows the glaring need to diversify the countryââ¬â¢s economic base, if it is to avoid the ââ¬Ëboomsââ¬â¢ and ââ¬Ëslumpsââ¬â¢ of an economy ensconced within agriculture. ââ¬Å"While traditional exports, such as cocoa and gold, may remain an important source of growth and foreign exchange in the future,â⬠the World Bank contends, ââ¬Å"export diversification will be necessary to accelerate economic growth and poverty reduction and to decrease Ghanaââ¬â¢s vulnerability to external price shocksâ⬠(World Bank, 2001,1). To be fair, it has not been from a lack of effort that Ghana has failed to diversity sufficiently, for political circumstances have repeatedly conspired to hold up any sustained drive. Liberal approaches to economic development, which Nkrumahââ¬â¢s successors aimed at, fell fowl of a coup, while two later regimes which tried to develop indigenous strategies of development were ousted in similar circumstances. Clearly political conflict and change have impacted hard on Ghanaââ¬â¢s economic growth ââ¬â arguably negatively on the whole ââ¬â and, if the IMF anoraks are in any way right, stability in the present governmental set-up would finally lead the country to the elusive goal that had seemed possible during the few years after independence. 1.4. Objectives and organization Enmeshed within all these complicated factors, which this introduction has served to outline, the economic growth of Ghana must, at least for the moment, take place within the neo-liberal strictures imposed by the IMF, which has set great store by small government and export-led growth. Conflict, politics and resources will, in this investigation, be reviewed therefore need to take account of the domestic as well as international setting, so as arrive at a more rounded appreciation of how all these factors have affected economic growth in Ghana. Looking at past attempts to create economic growth as well as current trade policies designed to do the same, this study will offer both a historical as well as a contemporary analysis of the Ghanaian economy. Perhaps reaching beyond the remit of the brief, the study will also powerfully suggest that, as things stand as they do, Ghanaââ¬â¢s economic future is set to remain a bleak one. More favourable rules of trade must be implemented, the thesis recommends, without which she will not be able to continue to diversify her economic base. To illustrate these points, the investigation is divided into the following chapters. Chapter two, below, will review some of the basic economic models which have found application in Ghana since her days as a colony of the British Empire. Chapter three will then focus on the implementation of these development theories from a historical perspective, analysing the various regimes as well as their ideological leanings which contributed to the kind of policies they came up with. Chapter four will then assume a more specific and contemporary focus, reviewing the extent to which international agreement on trade has impacted on economic growth in Africa in general and in Ghana in particular. Finally, chapter five will consider how tariff and non-tariff barriers, with reference to the EU, have influenced the shape of the Ghanaian economy. 2.0. Theories of Economic Development Before this investigation can examine in detail how various factors have influenced Ghanaââ¬â¢s economic growth, one should stop to consider the kind of economic thinking that has undergirded the disparate policies she has resorted to in order to achieve prosperity down the years. Such a detour is necessary if we are to fully appreciate the broader economic and political climates in which policies have been conceived. 2.1. Free trade and nationalism During her time as a colony of the British Empire, Ghana had been forced to adopt a mercantilist system of trade which functioned as the principle form of economic thinking that dictated the way nations engaged with each other, economically-speaking, until the late eighteenth century. Much of modern economic thinking grew out of a backlash against this closed system, which put the nation before the individual and which saw wealth as finite. Inspired by the work of Adam Smith, who wrote his seminal The Wealth of Nations in 1776, liberals criticized how mercantilism elevated the position of the state out of all proportion to the role it should play in the functioning of the economy. By contrast, Smith felt that the state should limit itself to providing three basic duties to society: First, the duty of protecting the society from violence and invasion of other independent societies; secondly, the duty of protecting, as far as possible, every member of the society from the injustice or oppression of every other member of it, or the duty of establishing inexact administration of justice; and thirdly, the duty of erecting and maintaining certain public works and certain public institutions which it can never be for the interest of any individual, or small number of individuals to erect and maintain; because the profit could never repay the expense to any individual or small number of individuals, thought it may frequently do much more than repay it to a great society.(Smith, 1863, 286) From this basic framework, in which the individual would have access to basic rights and protection from violence, Smith recommended that the government retreat and allow the individual to develop on their own, especially with regard to economics. ââ¬Å"Every man, as long as he does not violate the laws of justiceâ⬠, he proclaimed, ââ¬Å"is left perfectly free to pursue his own interest his own way, and to bring both his industry and capital into competition with those of any other man, or order of men.â⬠Not only did he feel his thinking needed to apply to the domestic sphere but also the international one too, for ââ¬Å"commerce, which ought naturally to be, among nations, as among individuals, a bond of union and friendshipâ⬠had broken down into a series of international conflicts because homos economicus operated from the assumption that they had to steal from one another rather than share the wealth available. More specifically liberal thinking envisaged a world based on three pillars: first was the belief that free trade promoted economic growth and consumption; second, that it improves societal values and ideals; and third, that free trade would promote a more peaceful international environment because greater interdependence would lead to a convergence of interests among societies (Harlen, 1999, 735). Most pioneering in the implementation of these ideals was Britain which threw down the gauntlet to her rivals by tearing down protectionist barriers, such as the Corn Laws, in the middle of the nineteenth century at a time when mercantilism dictated the opposite and discouraged trade between European powers. Soon European countries followed suite in gradually adopting policies that were more liberal in outlook. Nations such as France, Sweden, Belgium, Portugal and Spain all moved towards the liberalization of their tariff system. But such an open period proved to be short-lived as nationalistic concerns rowed the liberal boat back to shore. By the 1870s, for example, Austria-Hungary increased duties and Germany followed at the end of the decade; France also upped her tariffs in 1881, modestly initially, then sharply in 1892, while other countries returned the favour in kind (Krasner, 1975, 325). Much of the problem had been that, in following Britain, which had embarked upon industrialization much earlier than the European continent, the benefits which European countries could reap from liberalizing their markets would be far from worthwhile, not least because their own infant industries could not compete with those of Britain, which had far more established businesses that had the muscle to blow those of the continent out of the water. Bitter about the lessons that had been learnt at the hands of the British, nationalist economists, while seeing the benefits of free trade, came to point out that liberals ââ¬Å"did not adequately address the problems of how economically and politically weak countries might ensure their national security in a world where free trade did not existâ⬠(Harlen, 1999, 739). Such a dilemma was not only shared by European countries but also by the United States whose economic power was no match to Britainââ¬â¢s at this time. If the United States were to compete on Britainââ¬â¢ terms, economist Alexander Hamilton noted, ââ¬Å"the want of reciprocity would render them [United States] the victim of a system which should induce them to confine their views of Agriculture, and refrain from Manufacturesâ⬠(Hamilton, 1964, 138). Such a view implied that open competition would only result in the stronger country dictating terms and keeping the weaker one in almost perpetual underdevelopment. Consequently, in order to compete, diversification of the countryââ¬â¢s manufacturing base had to be effected, an objective that could only be realized if government helped out and, to cite Hamilton once more, ââ¬Å"encouraged the introduction of foreign technology, capital, and skilled labor â⬠¦ and adopt protectionist trade policies, including tariffs, quotas and bounties, to bolster its fledgling industriesâ⬠. Similar conclusions were reached by the German political economist Friedrich List, who laid down in his National System of Political Economy the need to dispense with the ideology of free trade in the short term in favour of empowering the state to protect and boost its infant industries and build up a skilled workforce. Only when this was done, List also argued, could countries move towards a policy of liberalization. 2.2. Theories of development Following the end of the Second World War, which signalled the end of colonialism, a similar yet different schools of thought emerged, which centred on the issue of how newly-independent former colonies could ââ¬Ëcatch upââ¬â¢ and attain economic prosperity. Such thinking took shape during the Cold War so that development theory, as it was called, took influences from both the right and the left ââ¬â from capitalism to Marxism ââ¬â to produce the following ways of thinking about development: modernization, structuralism, dependency theory and neo-liberalism. Typically, modernists believe development have to be achieved through linear progression, from a ââ¬Ëtraditionalââ¬â¢ to a ââ¬Ëmodernââ¬â¢ societyââ¬â¢ (Rostow, 1968). During the ââ¬Ëtraditionalââ¬â¢ stage the country would be limited by weak government, poor technology and communications and overreliance on subsistence agriculture. Eventually however these societies would accumulate ââ¬Ëpreconditions of take-offââ¬â¢ in which foundations are laid, such as the creation of private business, banks, schools and hospitals; but such a society still lacks the productivity necessary to make the big jump. To achieve ââ¬Ëtake-offââ¬â¢ the economy would need to show signs of rising investment and savings as well as the rapid expansion of industry and agriculture. Even though the economy would have to experience some turbulence along the way towards maturity, it would do so by stripping itself of the very industries that had helped in the take-off. Finally, countries would, under this theory, enter the age of mass consumption when an affluent society would be born. Most importantly, in order to achieve the various stages of development and pass through them, the state had to be interventionist. Even though these thinkers insisted on the virtues of private enterprise, they also insisted that the Third World needed a plan or blueprint which governments could follow. A different take on modernization, which rejected the linear path of development, was Latin American structuralism. Ultimately, it sought the reason for underdevelopment in the unbalance of trade between raw commodity producers and manufacturers. More capital and technology would, it was argued, lead to a turnaround in fortunes. Crucially, developing countries had been apportioned the almost exclusive role of primary product producers within the international division of labour. As Raul Prebisch, a prominent proponent of this analysis, saw it, there were two problems associated with being predominately a primary goods exporter. First, he saw that technological advancement in the industrial core would lead to the creation of synthetics for natural products. Such a shift away from a dependence on raw materials, such as rubber, would have a detrimental impact on the economies of those who sought to profit. Second, he discerned the tendency that as per capita incomes increase, demand for primary products, such as food, would remain stable, while by contrast demand for manufactured goods would rise (Prebisch, 1964, 7). All of this meant that, without the prospect of the developed world consuming more primary products, developing countries had to face the prospect of ââ¬Å"price volatility in the short term and declining terms of trade over the long runâ⬠. Such defects in the international system would be overturned through industrialization, which would decrease dependence on primary products and increase ability to export processed products. Importantly, however, structuralism shared with modernization theory the need for government to play a major role in supporting and protecting infant industries through tariffs and non-tariff barriers. Only by doing so, it insisted, could developing counties compete at all. Such was part of the reason why the policy of import-substitution industrialization (ISI) was created and propounded in the hope that an emphasis on industrialization would promote growth. Yet the problem with structuralism was that it took as a given the outer context of the capitalist international economy. Accept this, dependency theorists countered, then there was only the prospect for further dilemmas for developing countries. As a chief proponent of this idea, Andre Gunder Frank showed, in his book Capitalism and Underdevelopment in Latin America: Historical Studies of Chile and Brazil, that underdevelopment was caused by the very nature of global capitalism. Two divisional structures had emerged in which one camp would function as the metropolis centre and the other would serve as the peripheral and perennial satellites. Such a structure was largely exploitative in that ââ¬Å"the metropolis expropriates economic surplus from its satellites and appropriates it for its own economic development. The satellites remain underdeveloped for lack of access to their own surplus and as a consequence of the sae polarization and exploitative contradictions which the metropolis introduces and maintains in the satelliteââ¬â¢s domestic economic structureâ⬠. So he concludes pessimistically that ââ¬Å"economic development and underdevelopment are opposite faces of the same coinâ⬠(Frank, 1969, 8). Such thinking formed the basis for the rejection of schemes such as ISI, since they only helped entrench even further a form of ââ¬Å"dependent developmentâ⬠in which developing countries would become wholly reliant on the developed world for capital and investment. As long as this state of affairs continued, dependency theorists warned, developing nations could not share in the wealth of a capitalist world economy. Rather, it was argued, nations should move towards a socialist path of development, with the Soviet Union as a model of a country that had managed to industrialize without recourse to capitalism. Such an interpretation of development, it hardly needs to be mentioned, left room for any viability in the policies of ISI that had emerged under the structuralist banner. As it turned out, ISI failed to deliver on its promises of creating industrial competitiveness. In fact greater inequalities arose due to the way in which certain industries were protected so that they ended up with excess capacity, inefficiency and low quality. More worryingly, the fact that the state controlled licensing and foreign exchange meant that it encouraged ââ¬Å"rent-seeking, corruption, smuggling, and black market as well as inefficiency in the allocation of resourcesâ⬠(Cohn, 2005, 378). Problems identified by dependency theorists proved to be prophetic. 2.3 The return of liberalism Even so, the inadequacies of ISI did not prevent the liberals, emerging out of the shadow of criticisms, from drawing different conclusions. For they sought the root cause of developing countriesââ¬â¢ inability to move away from their state not in the unfair international system, which was inherently set up to keep them underdeveloped, but in incompetent government. What needed to be done, in other words, was to keep out the hand of government and allow market forces to operate. Evidence that the neoliberals were correct was provided by the promising growth of East Asian countries which based their economic development on exports. Examples such as Taiwan and Korea, which both witnessed strong rates of growth, conferred confidence on neoliberal analysts who sought the success of these countries to an ââ¬Å"evolutionary process of industrially induced modernization and structural transformation â⬠¦ locating an appropriate development niche within the global economy which may be exploited by implementing sound development policies based on conventional neoclassical economic principlesâ⬠(Bruton, 1998, 107). From all these examples neoliberals re-built the edifice to their economic thinking. Clear guidelines this time were issued governments to, for example, ââ¬Å"eliminate exchangeââ¬ârate controls, restrictions on international trade, deregulation of the financial sector, privatization of state enterprises, creation of an unregulated labor market, specialization according to ââ¬Ëcomparative advantageââ¬â¢ and market driven resource allocations, and generally defining a ââ¬Ëminimalistââ¬â¢ role for the state in developmentâ⬠(Brohman, 1996, 108). Most developed countries, responding to the debt crisis of the 1980s, gradually appropriated these new policies. Within the developing world, however, the legacy of ISI left a chronic balance of payment problem so that many countries had substantial debts they owed to international financial institutions. Responding to the crisis, in which many developing countries were expressing inability to return the debts, the IMF and World Bank issued guidelines in which it was spelt out that these nations should adhere to structural (or neoliberal) reforms so as to achieve growth and stability. There was, in fact, little choice. As Walden Bello and Shea Cunningham have acutely noted, ââ¬Å"Faced with the threat of a cut-off of external funds needed to service the mounting debts they had incurred from the western private banks that had gone on a lending binge in the 1970s, these countries had no choice but to implement the painful measures demanded by the Bank and Fundâ⬠(Bello and Cunnigham, 1994). Such a move proved to be a watershed: it marked a shift away from an era of protection to a time of the free market, and it is within this climate that developing countries presently operate. In what follows one will review how these shifts and turns in economic developmental thinking impacted one particular country, Ghana. 3.0. Politics, ideology and economic policy Ever since her independence in 1957, Ghana has chopped and changed economic policy to the extent that she has tried pretty much all the development theories on which policy was forged. During the colonial period, she had been subjected to mercantile policies, which rendered Ghana an exporter of raw materials and an importer of finished consumer products. Tragically, this meant that wider socio-economic developments failed to take place, so that a diversification of her economic and industrial base away from the almost total reliance on a few basic resources could not be effected before British rule ended. 3.1. Nkruman and structural economics When Nkrumah assumed the mantle of power, he intended to push Ghana out of the underdeveloped into the developed world. Conceiving a Ten Year Development Programme, he established an Industrial Development Board (IDB), which was handed the task to develop the countryââ¬â¢s manufacturing capabilities with the intent to pass them on to private enterprises when sufficiently grown (Dzorgbo, 2001, 148). But more substantive initiatives were carried out following the visit of Professor Arthur Lewis, a development economist, who argued strongly against any shock industrialization strategy in a country whose domestic market was limited; pursuit of large-scale industrialization would counterproductively remove resources away from the rural areas to the modern sector; and where shortage of labour would be aggravated by demand from industry. Far from adopting ambitious schemes, he put forward a series of modest proposals that were designed to prop up basic infrastructures so that a basis could be laid ââ¬Å"for private foreign investment without the government having to bother offering special investment favoursâ⬠(Dzorgbo, 2001, 149). Such a policy of ââ¬Å"industrialization-by-invitationâ⬠, which was based on modernization theory, took a dim view of the ability of the government to access funds and take industries under its wing in a way Nkumah had initially intended. Even so, many of these recommendations were both enthusiastically and modestly accepted. Between 1950 and 1962, the Ten Year Plan adjusted to sing the tunes of a need above all for strong infrastructure. More specifically, it successfully constructed roadways and bridges to connect the various parts of the country, while it built the hydroelectric Akosombo Dam to secure the energy base needed for industrialization. Efforts were also invested in the setting up of transportation systems, while in the realm of social development, the government increased access its population had to water and education. Free primary education became available for all by 1960 and secondary education was expanded rapidly too. Enrolment in schools almost doubled across the board in the 1960s, with some 36,414 students registering in secondary schools, technical colleges, polytechnics and pre-university schools (Dzorgbo, 2001, 153). Such impressive improvements were capped off by improvements in health care services which saw new hospitals and clinics open. Despite the fact that Nkrumah government had followed and even bettered the recommendations of Lewis to improve the socio-economic infrastructure of the country, it grew impatient of the gradualist approach to economic development. More specifically, it became disillusioned by the ââ¬Å"industrialization-by-invitationâ⬠policy because it had not led to the diversification of the economic base necessary for stability in the long run. Even though substantial amounts of FDI had been expected, following adoption of Lewisââ¬â¢ ideas, little of it had materialised. Those which had were taking the country for a ride. For example, during the construction of the Akosombo Dam, Nkrumah sought financial assistance from the United States. Eventually the firm Kaiser Aluminium Company came forward to underwrite some of the costs of the project. But conditions were attached that it as well as it
Sunday, August 4, 2019
Grandparents House Essay -- Descriptive Writing Examples
Grandparents' House The car ride to my grandparents' house seemed to take half a day even though it was only a twenty-minute drive to Cedaredge. Although the back road over Redlands Mesa was a twisty tourney road, it drug on like a boring documentary. When the car finally pulled into the driveway of the long, white house with a neatly kept green lawn, I knew it was going to be a great day of fun, relaxation, and great food. As I walked around to the back door, my eyes took in the beauty of the grass swaying in the wind and the weathered barn off to the left of the pasture. Inside the barn I could see all sorts of different odds and ends hanging from the walls. When I opened the door to my grandparent's old house, a sweet, sensational smell of cooking food filled my nostrils and made my empty stomach growl. The aroma in the air was always a tease to my stomach and made me think my stomach was starting to eat away at itself. The normal activity of everyday life sends my family in a hundred different directions. My mom and dad both go to work, and my sisters and I go to school. After school, there are practices that all of us kids attend, and when we get home, we eat, do homework and go to bed. There is no time to sit down and play a game as a family or to just hang out together and talk about how the day went. Weekends and holidays are a time that we get to go to my grandparents' house as a family and have a day of fun visiting with family that I don't get to see very often. Their old house was to the west of the small town of Cedaredge, so there was not that many houses around it. When we went to my grandparents' house, we would ride our bikes around the neighborhood. My sisters and I would race on our bikes to see who ... ...d watch. Usually we were still playing on the Nintendo when it was time to leave, so it was a struggle to get everybody to stop right away. After my whole family was piled into the car, which as my sisters and I got bigger was a harder and harder task, we would wave goodbye to my grandparents and any other relatives that had come for the day. As we would pull out of the driveway, I would think back on the day and realize that I had to go back to the hustle and bustle of my everyday life. The trip home was not as long as the way over, but I could never wait until the next time we could go back to my grandparents' house in Cedaredge, for a relaxing day of spending time with my family and forgetting about our hectic life for at least a little while. Now, with both my sisters in college, the day when we go to my grandparents' house does not seem to come often enough.
Saturday, August 3, 2019
Schizophrenia Essay -- essays research papers
Schizophrenia Schizophrenia is a serious brain disorder. It is a disease that makes it difficult for a person to tell the difference between real and unreal experiences, to think logically, to have normal emotional responses to other, and to behave normally in social situations. People with schizophrenia may also have difficulty in remembering, talking, and behaving appropriately. Schizophrenia is one of the most common mental illnesses. About 1% of the world population has schizophrenia. In the United States, there are about 2.5 million people with the disease. Schizophrenia is the cause of more hospitalizations than almost any other illness. Schizophrenia most commonly begins between the ages of 15 and 25. Although it strikes men and women equally, the symptoms may appear later in women than in men. Very rarely, the symptoms of schizophrenia can appear before the age of 12. Childhood schizophrenia has a more chronic disease course and involves poor early language development. People with schizophrenia can have a variety of symptoms. Sometimes, these symptoms come on suddenly. Usually, though, the illness develops slowly over months or even years. At first, the symptoms may not be noticed or may be confused with those of other conditions. For example, people with schizophrenia may feel tense, be unable to concentrate, or have trouble sleeping. They often become increasingly isolated and withdrawn as their grip on reality loosens. They do not make or keep friends. They may stop caring about the way they look. Dropping out of school or doing badly at work are other early signs of schizophrenia. As the illness progresses, symptoms of psychosis develop. The person starts to act strangely and talk nonsensically. People with schizophrenia may develop paranoid delusions. Examples of this would be that they might see, feel, smell, or hear things that are not really there. They may have physical symptoms, like frowning or unusual movements, and may stand or sit in strange positions. Some people become almost motionless. Others move around constantly. The severity of symptoms will vary from one person to another. The symptoms also tend to worsen and improve. When the symptoms are improved, the person may appear to behave relatively normally, but usually there will be re... ...therapy may help person with schizophrenia learn to sort out the real from the unreal. Group therapy may help them learn to get along with others. Self-help groups may help persons with schizophrenia feel that others share their problems. The best way to prevent relapses is to continue to take the prescribed medication. People with schizophrenia may stop taking their medications for several reasons. Side effects are one of the most important reasons that people with schizophrenia stop taking their medication. It is hard for people to put up with unpleasant side effects for months or years. It is especially hard when the person feels well. It is very important to find the medication that controls symptoms without causing side effects. Convenience is also important. Some medications need to be taken two, three, or even four times a day. Others may be taken just once a day. People are more likely to remember to take a medication once a day than several times a day. Some people profer to get injections every month of long-lasting medication. Taking medications regularly is the best way to prevent repeated illness and hospitalization.
Essay --
Since the time of Parmenides in the 5th Century BCE, philosophers have been intrigued by the existence of a physical world and being in it. They have studied the nature of being, existence, and reality in what is now known as ontology. Being part of (arguably) the largest branch of philosophy ââ¬â metaphysics ââ¬â ontologists have tried to dig deeper into questions of how things can exist and how they can be said to exist, have analyzed the similarities and differences, and have even broadened the spectrum all the way out to human life and what aspects make up a human being. However, ontology evolved and became more and more generally applied and philosophers started considering the ontology (existence) of God, or rather simply a "supreme" or "all-powerful" being. One of the most notable ontological arguments of the existence of God comes from Renee Descates who uses his argument of the existence of God as a way to develop a system of attaining certain (absolute) knowledge t hrough clear and distinct perception. In this essay, I will attempt to: outline in detail Descartes' ontological argument and its purpose, detail some of the most promising objections to the argument, and present compelling counterarguments to those objections. I. The Ontological Argument Descartes establishes the fact that he exists as a self-thinking entity and he believes this to be certain knowledge because he distinctly and clearly perceives himself to be and he could not do so without existing and having the cognitive faculties to think this: "I am certain of my own existence because I clearly and distinctly perceive it; so I now seem to establish a general rule that whatever I clearly and distinctly perceive is true" (III, 2). But there is one slight... ...t clear and distinct perceptions are true. For something to be clearly and distinctly perceived, we must be actively attending to it. The only reason for Descartes to bring God into the equation is to ensure that doubt does not overtake these perceptions in after we stop attending to them. Therefore, Descartes can in fact use clear and distinct perception to prove the existence of God. In the proof of God's existence he uses clear and distinct perceptions which he is actively attending to, and so (by the established standard), they must be true. So now that God is proven to be true, this allows the thinker to not have to actively attend to his perceptions in order for them to be true, making the amount of perceptions one can have limitless. General Comments: 1. No fluff! Thereââ¬â¢s some padding in your writing that doesnââ¬â¢t contribute to your arguments at all. Avoid it.
Friday, August 2, 2019
Mokshagundam Vishveshwariah Essay
Mokshagundam Vishveshwariah, KCIE,, (popularly known as Sir MV; 15 September 1860 ââ¬â 14 April 1962 was a notable Indian engineer, scholar, statesman and the Diwan of Mysore during 1912 to 1918. He was a recipient of the Indian Republicââ¬â¢s highest honor, the Bharat Ratna, in 1955. He was knighted as a Commander of the British Indian Empire by King George V for his myriad contributions to the public good. Every year, 15 September is celebrated as Engineerââ¬â¢s Day in India in his memory. He is held in high regard as a pre-eminent engineer of India. see more:bangalore essay He was the chief designer of the flood protection system for the city of Hyderabad, as well as the chief engineer responsible for the construction of the Krishna Raja Sagara dam in Mysore. He is also revered a lot in the state of Karnataka. Sir MV was born in 1861 in a Telugu Brahmin family to Mokshagundam Srinivasa Shastry and Venkatalakshmamma in Muddenahalli village, 40 miles from Bangalore, India. Their family migrated from Mokshagundam village in Prakasam district in Andhra Pradesh. His father was a Sanskrit scholar and an authority on Hindu Dharmashastras (theology), besides being an Ayurvedic practitioner. Visvesvaraya lost his father at the age of 15. He enrolled for primary school in Chikballapur and attended high school in Bangalore. He earned his Bachelor of Arts from Central College,Bangalore affiliated to Madras University in 1881 and later studied civil engineering at the prestigious College of Engineering, Pune, popularly known as CoEP. Upon graduating as an engineer, Visvesvaraya took up a job with the Public Works Department (PWD) of Mumbai and was later invited to join the Indian Irrigation Commission. He implemented an extremely intricate system of irrigation in the Deccan area. He also designed and patented a system of automatic weir water floodgates that were first installed in 1903 at the Khadakvasla Reservoir near Pune. These gates were employed to raise the flood supply level of storage in the reservoir to the highest level likely to be attained by a flood without causing any damage to the dam. Based on the success of these gates, the same system was installed at the Tigra Dam in Gwalior and the Krishna Raja Sagara (KRS) Dam in Mandya/ Mysore,Karnataka. In 1906-07, the Government of India sent him to Eden, Africa to study water supply and drainage system and the project prepared by him was implemented in Eden[disambiguation needed] successfully. Visvesvaraya achieved celebrity status when he designed a flood protection system for the city of Hyderabad. He was instrumental in developing a system to protect Visakhapatnam port from sea erosion. Visvesvaraya supervised the construction of the KRS Dam across the Cauvery River from concept to inauguration. This dam created the biggest reservoir in Asia when it was built. He was rightly called the ââ¬Å"Father of modern Mysore stateâ⬠(now Karnataka): During his period of service with the Government of Mysore state, he was responsible for the founding of, (under the Patronage of Mysore Government), the Mysore Soap Factory, the Parasitoide Laboratory, the Mysore Iron & Steel Works (now known as Visvesvaraya Iron and Steel Limited) in Bhadravathi, the Sri Jayachamarajendra Polytechnic Institute, the Bangalore Agricultural University, the State Bank of Mysore, The Century Club, Mysore Chambers of Commerce and numerous other industrial ventures. He encouraged private investment in industry during his tenure as Diwan of Mysore. He was instrumental in charting out the plan for road construction between Tirumala and Tirupati. He was known for sincerity, time management and dedication to a cause.
Thursday, August 1, 2019
Local Literature Essay
According to Manila Bulletin (Tariella, 2014) entitled ââ¬Å"Rural Tourism and Community Developmentâ⬠, it states that rural areas are becoming popular destinations because of cuisine. Most of the tourists look for attraction, activities such as festivals in different rural areas, authentic rural cuisine, and amenities of the area. This is the way to promote the Culinary Tour here in our country. Many of the residents in rural areas also have their own local unique food which visitors would like to take part or even learn cooking. There is need to appreciate the recreational activities, food, and souvenir items. In other words, ââ¬Å"to develop applicable tourism package, the whole community must involve, the benefits well distributed to all its colleagues to ensure sustained participation and cooperationâ⬠. This is the essence of community-based rural tourism and itââ¬â¢s able to uplift the community. According to AIM Center for Tourism (Dr. Tan, 2014) entitled ââ¬Å"Propelling Filipino Cuisine to the World Stageâ⬠, it is stated there that the increasing popularity of food tourism in the Philippines makes the travelers visit the country not only to see the different heritage sites and natural scenery but also to experience the authenticity of flavors of Filipino food has to offer. Travelers often associate destinations with local cuisine. Since culinary tourism develops opportunities for our local cuisine, Filipinos must patronize it. According to the website of ââ¬Å"Its more fun in the Philippinesâ⬠(www.itsmorefuninthephilippines.com) (Buenavente, 2009) entitled ââ¬Å"Kulinarya Food Tripsâ⬠, the Philippine cuisine is one of the countryââ¬â¢s best ââ¬âkept secret which is not yet known in different parts of the world. The Department of Tourism (DOT) under the management of Sec. Joseph Ace Durano lately launched Culinary Tourism as Kulinarya Filipina as part of Cultural Tourism Program. This program introduces the Philippine authentic flavors to promote the country as a culinary destination. The Department wanted to promote the culinary tours to other well-known culinary centers of our country such as Manila, Ilocos Region, Pampanga, Bulacan, Iloilo, Negros and Davao. According to Philippine Daily Inquirer (De Lara, 2015) entitled ââ¬Å"We have everything in the Northâ⬠, it states that Northern has a lot to offer- historical scenery, natural scenery- beaches and the terrific rural cuisines. Other than natural destinations and exciting activities in the north provinces, it is also known in delicious authentic cuisine. The north has Pampanga as the culinary capital and Ilocos has their famous bagnet and all those delicious authentic delicacies. According to Sun Star (Flora, 2015), it states that in the city of San Fernando in Pampanga, its provincial government decided to launch the first ever Great Alualu Festival on April 17. Its purpose is to declare ââ¬Å"alualuâ⬠or the native term in Pampanga for the popular dessert of Filipinos, ââ¬Å"halo-haloâ⬠. The highlight of this festival plays the important role in creating the authentic Kapampangan Cuisine to be known outside in its province and also all over the world. According to Sun Star (Pacete, 2015), it stated that one of the provinces of Region 18, Negros, bringing up and promoting the tourism potential of this province for local and foreign tourists. To appoint Pinoy travelers to discover the hidden gems of the Philippine tourismââ¬âsights, cuisine, activities, places, people and culture. The Culinary Historians of the Philippines (CHOP) visit the roaming food vendors selling their delicacies in ââ¬Å"nigoâ⬠(flat basket) to observe the actual buying and selling of ââ¬Å"batuanâ⬠- a local berry used as souring agent in soup, ââ¬Å"kalkagâ⬠- dried tiny shrimps, ââ¬Å"lamayoâ⬠- sun dried fish, and fresh sugarcane juice. According to Business World Online (Carillo, 2015), it stated that the cityââ¬â¢s culinary scene than the fresh durian sold in the streets and all its processed versions in local shopsââ¬âcakes, pastries, candies, ice cream, and even coffee. By elevating the culinary scene in Davao, held a competition categorized the Filipino Cuisine challenge. Food Tour in Davao. The local governmentââ¬Ës tourism office, with the help of private tourism stakeholders, the heritage tour and food tour will combined and the program is now a part of tourism packages for the visitors.
Subscribe to:
Comments (Atom)