Global Financial Crisis Essay - 1644 Words

Issue Due to the effect, of the global financial crisis of 2008-2009, advanced economies have seen a significant increase in public debt. Canada risks a repetition of this experience and prominent voices are calling for an additional round of fiscal austerity. Without enhancement, the problematic habits of Canadian governments, such as deficit spending and growing government debt, bear short- and long-term consequences for the country and its population. The biggest problem in Canada is primarily the mounting costs of an aging society and not so much to yield a balanced budget and gradually reduce debt in the recovery. Background â™ £ In the mid-1990s and late 2000s, Canada’s federal and provincial governments made substantial advancements†¦show more content†¦In the long run, productivity could be improved by increasing public investments, and backing private investment and innovation in further effective ways than costly across-the-board corporate tax cuts. â™ £ Additional spending on debt servicing costs inevitably translates to fewer resources available for public priorities. (Lammam, MacIntyre, Ren, Hasan, 2017) â™ £ Empirical research has found that a negative relationship exists between government debt and economic growth (Reinhart and Rogoff, 2010; Cecchetti et al., 2011; Checherita and Rother, 2010; Woo and Kumar, 2014; Chudik et al., 2015; Eberhardt and Presbitero, 2015; Égert, 2015). â™ £ Across both advanced countries and emerging markets, high debt/GDP levels (90 percent and above) are associated with notably lower growth outcomes. Much lower levels of external debt/ GDP (60 percent) are associated with adverse outcomes for emerging market growth. (Reinhart Rogoff, 2010) â™ £ The expansion of government debt prompts long-term interest rates to rise. The outcome is a rise in the cost of private-sector borrowing. Private capital investment can be discouraged as a result of higher borrowing costs. This is important since private capital investment is a vital element of long term economic growth.Show MoreRelatedThe Global Financial Crisis Essay2669 Words   |  11 Pagesexperienced a tremendous financial crisis which is rooted from the U.S housing market. Moreover, it is considered by many economists as one of the worst recessions since the Great Depression in 1930s. After bringing a huge effect on the U.S economy, the financial crisis expanded to Europe and the rest of the world. It ruined economies, crumble financial corporations and impoverished individual lives. For example, the financial crisis has resulted in the collapse of massive financial institutions such asRead MoreGlobal Financial Crisis Essay858 Words   |  4 Pages(subprime mortgage defaults) in the United States (U.S.), then ballooned damaging crisis of the banking system not only in the United States but extends into Europe and into Asia. Successive cause a domino effect on the solvency and liquidity of financial institutions in these countries, among others, led to the bankruptcy of hundreds of banks, securities firms, mutual funds, pension funds and insurance. The crisis then spread to parts of Asia, especially countries such as Japan, Korea, China, SingaporeRead More The Global Financial Crisis Essay3569 Words   |  15 Pages1. Introduction 1.1. Background The Financial crisis was triggered in 2006 when US housing market began to crumble as the housing price reached their highest point after years of speculative price increase; many house owners defaulted on their loans, particularly subprime mortgagers (Archarya et al., 2009). Starting in mid-2007, the outburst of US housing bubble in the subprime mortgage leads to the global financial crisis that has been often so called ‘Great Recession’ (Verick and Islam, 2010)Read MoreGlobal Financial Crisis Essay2233 Words   |  9 PagesThe Global Financial Crisis that occurred in 2008 and crippled every major economy was not an accident; it was caused by an unregulated and uncontrolled financial industry. Decline of Real Estate Value The financial crisis is considered to have its roots in the United States where there was an increase in loan losses for subprimes. Banks were lending money to people that did not have the capability to maintain a regular repayment schedule. Homeowners only had the ability to pay the interestRead MoreEssay The Global Financial Crisis and Protectionism617 Words   |  3 Pagesthe world economy. What does this tell you about the nature of international production in today’s global economy? What does this tell you about the vulnerability of the world economy to any future trade wars? Answer: The nature of international production in today’s global economy is highly fragmented and a number of companies globally produce intermediate goods which are exchanged through global value chains. Therefore, with globalised production there is greater vulnerability since there isRead MoreEssay about The Global Financial Crisis 2353 Words   |  10 Pages Financial crisis and resulting worldwide depression has at the present moved from containing the infection to precise actions designed at promote improvement and altering policy to stop to reoccurrence of the trouble. There are many financial experts says that the improving economic and financial position might reason rigid improvement of the monetary scheme to be unable to find some grip the crowded policy. â€Å"Financial market a place or channel for buying or selling stocks, bonds, and other securities†Read MoreThe Global Financial Crisis on India Essay2493 Words   |  10 Pagesyou think India remained relatively insulated from the financial crises? The contagion is truly global in a globalized world. How can the high priests of globalization in India expect to insulate the country from this all-pervasive crisis? - By S. Shivaraman It is not right to say that a country is insulated from financial crisis in today’s globalized world. In some way or the other thereRead MoreRegulations of Financial Markets and Global Financial Crisis Essay2916 Words   |  12 Pagesgula Regulation of Financial Markets BA (Hons) Business Management Word Count: 2750 ------------------------------------------------- Q: Explain the main reasons why financial markets are regulated? To what extent do you think that recent problems in the financial markets are the result of too little regulation? Introduction: Since the inception of this world, people are following rules in one way or the other. Every aspect of our lives follows a pattern. The best patterns and practicesRead MoreThe Impact of Global Financial Crisis on the United Kingdom Essays2342 Words   |  10 PagesThe impact of global financial crisis on the United Kingdom Introduction This report will examine the affects of the global financial crisis, which was a result of the collapse of the sub-prime mortgage market in the United States, on the UK economy. First of all, it will look at the background of the global financial crisis. Secondly, this paper will analyses why the UK economy has been influenced by the global financial crisis, what effects of the financial crisis on the United Kingdom haveRead MoreEssay on The Impact of the Global Financial Crisis on Economic Growth4072 Words   |  17 Pagesgrowth The impact of the Global Financial Crisis on economic growth As a result of the global recession, Australia’s GDP was forecasted to contract by 0.5% in 2009-10 in comparison to other advanced economies which were expected to contract by 3.75% in the same year. However minor the reductions in GDP, it was evident that Australia was not exempt from the global recession although is better placed and is expected to perform better than almost all other OECD economies. The global recession has also triggered

Race An Evaluation of Science Against Society Essay

Race: An Evaluation of Science Against Society Race as a social construct has a negative effect on society since its creation. Evolving from honest curiosity, science allowed for the desires of oppressive society to speak rather than the truth. Decades of misuse and misunderstanding of this term explained with wrongful biological terms can now stop. By acknowledging the misuse of ‘race’ through the examination of it used in such arbitrary manners shows its inherent flaws. In order to mediate this issue of incorrect usage, a new biological approach becomes more than appropriate. Genotype rather than phenotypic information ought to define race. In doing so, perhaps, the term race will better society by focusing on creating medicine based†¦show more content†¦When asked to predict whose genotype would be the closest to their own, each student chose a student with similar phenotypic characteristics. Once the results arrive, the predictions of the students fail. A black female has a closer match to a white male than a black male, in terms of genotypes. If this were more common knowledge, the fact that physical features do not necessary equate to our former classifications of race, many Americans might well be shaken from their dogmatic slumber. In order to wake Americans, a new scientific approach is in order. By examining specific traits in the human genome, new inferences can be made. Using this new scientific approach, the current accepted cultural notion of race ought to shift. One can no longer base or classify one ‘race’ from another based on phenotypic occurrences. Genes hold the key. By understanding how genes connect us all except for a few minute differences of superficial appearance, demonstrates that race as a social construction is no longer useful. Scientific American gives us tangible evidence when it states â€Å"individuals from different populations are, on average, just slightly more different from one another than are individuals from the same population† (81). Someone who shares your same cultural traditions based on geographical location can differ genotypically more than someone from another region. The utility of race was once to separate and control the ‘differentShow MoreRelatedShoud Faith Schools Be Part of State Educational System?1420 Words   |  6 Pagesmaintained schools in England are faith schools (Teach ernet, 2011). Recent survey, which was carried out among Londoners showed that 44% of them said they believe that all faith schools should be banned(Smith,2011). Likewise, in 1980s the Labor party was against religious schools, because they increased religious, racial and cultural divisiveness. However, such policy was changed by the influence of number of reasons. 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Polyethene Essay Example For Students

Polyethene Essay Polyethylene also known as polyethylene or polythene, was the first of thepolymers to be discovered. Polyethene is a polymer produced by reacting oxygenand ethene, in this reaction the small ethene molecules attach together to formlong chain polymer molecules. This process is known as addition polymerisation. Polyethene in our world today has many uses, some of these are: ? mouldings-plasticbottles, lids and caps, different types of containers. ? films-glad wrap andvarious plastic bags. ? cable coverings-various pipes and insulating wire andcables As you can see polyethene has a huge variety of both domestic andindustrial uses, this is fairly impressive when you see that polyethene has onlybeen around sense 1933. Polyethene is a thermoplastic material which is oftendescribed as wax-like it is extremely tough and is has an excellent chemicalresistance. It is also less dense than water and is the simplest polymer, theseattributes lead to polythene being an extremely useful substance. Ethene (C2H4),is a simple hydrocarbon molecule which consists of 2 carbon atoms and 4 hydrogenatoms. Ethenes main use is in the production of polythene yet it is one of themost widely used petrochemicals in the world. Ethene is an unsaturatedcolourless gas which can be ignited in the presence of oxygen. Below i s adiagram of ethene: Polyethene is produced by allowing the free roaming ethenegas molecules to bond together to form long chain polyethene molecules. In orderfor this to work a catalyst must be used, a catalyst is a substance that canalter the rate of a chemical reaction without undergoing any chemical changeitself. During this process thousands of ethene molecules bond to from eachmolecule of polyethene. Polyethene is simply a set of ethene molecules bondedtogether to form a chain, these chains can often stretch up to many many timeslonger than the original ethene molecule. Below is a diagram of polyethene:Although normally ethene monomers have little attraction for one another, yetthe polyethene molecules have a strong attraction for one another. Whenpolyethene molecules are attracted and bond high-density polyethene is formed,thus polyethene is either formed by low-density or high-density polymerisation. Ethene can undergo the process called polymerisation due to the fact that it isunsaturated and because it has a double bond between its two carbon atoms. BothHigh-density and low-density polyethene have different uses. Low-densitypolyethene is used in the production of products such as various bags, plasticbottles, cling wraps, and insulating cables. Low pressure polymerisation withthe use of certain catalysts; has meant that the process of polymerization canbe achieved at fairly low pressure (20 atmospheres or 2000 kPa) and attemperatures of approximately 100?C. The reactor itself contains a polyethenebed placed on a perforated plate. It works by allowing the recycled gas to enternear its base, the gas then passes through the plate and pushes up through thebed causing it to bubble. Finally the catalyst converts the ethene to polyethene,once the polyethene is cooled it forms a fine powder called fluff which isthen collected and transported to a storage bin. Any ethene gas which has n otreacted passes through a compressor and then a cooler, and is processed again. High-density polyethene is used to produce items such as lids, caps, baskets,bowls and large containers such as garbage bins. These polyethene products arecreated in what is know as high-pressure polymerisation, this is a process thatwas originally used before low-pressure polymerisation was discovered and thusit is a fairly simple process. Firstly Ethene gas is compressed and liquefied,from here it is pumped into a large reactor at a pressure of up to 2660atmospheres(266 Mpa). Amongst this oxygen and peroxides are pumped in toinitiate the polymerisation reaction. This process generates a huge amount ofheat so the most complex part of the system is the cooling facilities. The manyproducts of polyethene which are most commonly used are generally manufacturedusing any of these five different techniques Extrusion film, this technique isused for the production of items such as plastic bags such as garbage bags andglad wrap. These are the most common applications, while there are many ot hersthese are the best examples of this technique. This final product is achieved byblowing air into a tube of molten plastic this allows for extremely fine layersof the plastic to form. Blow moulding, this is used to make plastic bottles andsome motor oils. This technique is much like the previous one but rather thatusing such fine walls to create fine layers of the plastic here the blow mouldallows for the molten plastic to be forced downwards into a mould. Air is themused to force the plastic against the walls this way this final product isthicker. Injection moulding, this is used to make anything from lids and caps totoys, baskets and even garbage bins. Injection moulding, is the process wherethe polyethene pellets are melted and shot into a mould where the plasticre-cools and hardens leaving a rigid and firm final product. Rotational moulding,this technique is used in the production of things such as boats, playgroundequipment and even canoes. In this process a specific amount of solid polyetheneis placed inside a mould, this mould is then spun at a high speed while beingheated. Once the mould is removed a hard object is left much like that ofinjection moulding. Extrusion, this is used to insulate wires and cables as wellas making pipes. To make pipe, the molten polyethene is passed through through aring where the shape is decided, it then enters a cooling chaimber thus creatinga hard product. For wire it is shot through a mould thus gaining a coating, itthen enters a cooling agent which hardens it and thus the wire is coated with ahard insulation cover. After investigating the uses and properties of polyetheneI have found that it is useful due to the following factors: 1. Insulationproperties 2. Chemical resistance 3. Strength 4. Flexability 5. Non-toxic 6. .ua5f65b9e222d1b277ab0940f5bae5d27 , .ua5f65b9e222d1b277ab0940f5bae5d27 .postImageUrl , .ua5f65b9e222d1b277ab0940f5bae5d27 .centered-text-area { min-height: 80px; position: relative; } .ua5f65b9e222d1b277ab0940f5bae5d27 , .ua5f65b9e222d1b277ab0940f5bae5d27:hover , .ua5f65b9e222d1b277ab0940f5bae5d27:visited , .ua5f65b9e222d1b277ab0940f5bae5d27:active { border:0!important; } .ua5f65b9e222d1b277ab0940f5bae5d27 .clearfix:after { content: ""; display: table; clear: both; } .ua5f65b9e222d1b277ab0940f5bae5d27 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ua5f65b9e222d1b277ab0940f5bae5d27:active , .ua5f65b9e222d1b277ab0940f5bae5d27:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ua5f65b9e222d1b277ab0940f5bae5d27 .centered-text-area { width: 100%; position: relative ; } .ua5f65b9e222d1b277ab0940f5bae5d27 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ua5f65b9e222d1b277ab0940f5bae5d27 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ua5f65b9e222d1b277ab0940f5bae5d27 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ua5f65b9e222d1b277ab0940f5bae5d27:hover .ctaButton { background-color: #34495E!important; } .ua5f65b9e222d1b277ab0940f5bae5d27 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ua5f65b9e222d1b277ab0940f5bae5d27 .ua5f65b9e222d1b277ab0940f5bae5d27-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ua5f65b9e222d1b277ab0940f5bae5d27:after { content: ""; display: block; clear: both; } READ: The first Thanksgiving EssayWater proof 7. Unreactive 8. Ability to be used in an extremely thin film 9. Fairly low production cost 10. Ease of production 11. Ability to be formed intwo seperate ways thus allowing for differnent products with differentproperties from the same polymer. Polyethene is used in millions of applicationsall around the world, due to the many different uses of this substance it ishardy unexpected. Polyethene it is so widely used that for some of us life wouldbe almost impossible, for everyone of you reading this has probabily come intocontact with at least one polyethene product today. BIBLIOGRAPHY (1993)Production of SBR, Kemcor Australia Resources Kit Section 6, Kemcor Australia,Melbourne. Jones, Elvins. Miskin, Lukins. Sanders, Ross (1995) Chemistry One,Reed International Books, Melbourne. Bibliography(1993) Production of SBR, Kemcor Australia Resources Kit Section 6, KemcorAustralia, Melbourne. Jones, Elvins. Miskin, Lukins. Sanders, Ross (1995)Chemistry One, Reed International Books, Melbourne.