Saturday, September 7, 2019

High School vs. College Essay Example for Free

High School vs. College Essay High school and college are similar in some ways and different in a lot of ways. They are similar in such ways that you still have to go to class, do class work, home work, take test, and study hard. They are different in such ways that we can have cell phones in class, walk out of class, wear anything to class, and the thing that sets it off is living on campus. I don’t know if my college experience will match up to my high school experience but, we shall see. I will compare and contrast high school and college. I use to drive to high school. For some reason South Carolina State University will not let freshman drive their first semester. I use to drive ten to fifteen minutes to get to school, now it’s about one hour and a half. So instead of doing that everything, I stay on campus and walk to class. I must admit that I didn’t think it would be difficult at first but, it is. I hate relying on someone else to take me to Wal-Mart. That’s one thing that’s different about the two subjects at hand. And the way they’re similar is that I didn’t drive as a freshman in high school. In high school, there was a lot of freedom. We got to change classes on our own, the classes were mixed up with students in different grades, and we didn’t have to walk in a single or double filed line. In college, you don’t even have to go to class. Although it would be wise, too. In high school if you miss a day in class, the teacher would call home. In college, they don’t call anybody, not unless their name is Mrs. Pinson. In high school, I lived with my mother. In college, I live with a roommate. Technically , I’m out on my own but, my mother is paying for my education and family is putting money in my pockets. I was always curious to know what it’d be like to get out on my own. I must say, I’m one step closer. Now that I’m in college, I wish we stayed in dorms in high school. If that would have went down in high school though, there probably wouldn’t be any need to go off to far away colleges. So to sum everything up, I can’t drive, there is a lot more freedom, and I don’t stay in my mother’s house any more. I drove, had freedom but not this much, and I stayed with my mother in high school. Some things that were similar are the work, tests, quizzes, and studying. Those are some things that I chose to compare and contrast on high school versus college.

Friday, September 6, 2019

Lord of the Flies Homework Essay Example for Free

Lord of the Flies Homework Essay Piggy is clearly a clever boy, but he is a victim too? How does the writer use him in the novel? Lord of the Flies is about a group of schoolboys stranded on an island. The boys have to fend for themselves and try to get rescued. One of the main characters in the book is Piggy. The second person we find out about on the island is Piggy. We never find out his real name because he was always called Piggy and at the beginning Piggy also says They used to call me Piggy. He said this to Ralph because he trusted him and wanted to build friendship with him. Ralph makes fun of him, which shows the first sign that he is a victim. When Golding first introduces Piggy, he is described as the fat boy, whereas Ralph is described as the fair boy and as an athletic person. This contrast between the two characters makes Piggy seem inadequate in comparison to Ralph. This consequently makes him a likely victim too. It also makes Piggy the most physically vulnerable character because he is overweight and has asthma. Golding uses Piggy as a representative of an adult on the island. Even though at the start he repeatedly talks about his aunt, My auntie told me not to run, which sounds very childish, but as the rules of civilisation fall away from the island, he does not mention his auntie any more. On several places throughout the novel Piggy wonders about what grownups would say. He longs for the order and structure that adults impose. On times when Ralph thinks about what will happen next Piggy says they just have to carry on because that is what grownups would do. When the boys go rushing off to light the fire on the mountain, Piggy describes them as crowd of kids and follows them with the martyred expression of a parent. These examples clearly show that Golding uses Piggy to replace the grownup world. Another example of his maturity is when he wants the shelters to be built, The first thing we ought to have made was shelters down there by the beach Then when you get here you build a bonfire that isnt no use. Now you been and set the whole island on fire. This shows also that Piggy had common sense by wanting to build the shelters on the beach first, which might be boring, but better than the doing exciting things first like the other boys think. The writer also uses Piggy as a symbol of intelligence and civilisation. This however did not benefit the rest of the boys directly. If this was the case, he probably would not have been victimised at the end. The main reason for this might be that he did not have any leadership qualities, as an obese person, having asthma and wearing glasses would not be able to do certain things. His look did not fit into the profile of a powerful leader and he did not have the charisma a leader needs. Instead of this Piggys intelligence was used and published by Ralph, which left him with nothing to tell the group that they would recognise. This made Piggy even more of a victim because nobody apart from Ralph really noticed Piggys intelligence. Ralph needed Piggy and that is why he was able to notice his intelligence. Piggy was someone who reminded Ralph back to civilisation when his thoughts began to drift away. Piggy knows all sorts of things like at the beginning he finds and also tells Ralph how to use the conch and that it would make a noise, which would then call all the boys together. This also shows his intelligence. The physical appearance of Piggy is his biggest fallback of his ideas he puts into the assemblies. Often his ideas are completely ignored, because nobody recognises how important they might be. Because Piggy is very sensitive too and Jack continuously bullies him, he does not get any respect from the other boys. The fact that Jack is successful in doing this to Piggy, other boys get frustrated and choose to ignore him and follow Jacks influence. Once rules are established, in Piggys eyes, breaking them is unthinkable because he stays civilised throughout the whole novel. On several places in the book he says Ive got the Conch. Let me speak and a lot of referring to the conch because he sees the conch as an important symbol unlike the other boys. Whereas the other boys on the island do not care about rules at all Piggy cares a lot about them. He is unable to adapt the living without law and order and does not comprehend why the other boys can. Piggy gets killed in the end because Jacks tribe gets fed up with Piggy and his importance of the conch and rules. By the treatment of Jacks tribe towards Piggy Golding wants to show that a society also needs a scapegoat. The boys choose Piggy because of his physical appearance and because they do not understand his intelligence and the need of it. By picking Piggy as the scapegoat they make themselves feel better. Jack, who bullies him most, also slaps him on the mountain because he knows that Piggy will not be able to take revenge on him as Piggy is a fat boy having asthma. This makes Piggy a victim too, because it shows that everyone on the island could do anything to Piggy without worrying that he might not revenge. Even the name Piggy makes him a victim. I think Golding called him so because he is the victim of the island. His name is used as he is the prey of the island just like the pigs that are killed for food. This is done to show how society victimises people. In conclusion Piggys character is the symbol of civilisation and intelligence. He mainly becomes a victim because of his physical appearance and his inability to do certain things because of his asthma. I think Golding chose to victimise Piggy because he wanted to make the reader feel sympathy towards a civilised, kind and intelligent character, no matter how his physical appearance is.

Thursday, September 5, 2019

Theories of Growth and Debt

Theories of Growth and Debt Basically in economic literature we learn two ways in which a country can grow its economy. It can be growth which has been brought about by innovations in the process of competition, which can well be described by the dynamic completion model (Ellig, 2001). On the other hand according to Solow (1956) neoclassical model economic growth can be achieved by an expansion in the amount of investment. According to this model a country will attain economic growth if it increases its savings and investments. This automatically implies that for the least developed countries to grow economically they need to implement policies that support greater savings that will then increase investment and hence growth. To finance its activities a country has a number of options of raising the funds. It can make use of the internal sources such as taxes and fees or it can borrow if the internal source is not enough to finance the budget deficit. According to Adegbite, E et al (2008) the Dual Gap theory is a better explanation of the reason for opting for external finance as opposed to domestic financing in financing the sustainable development. According to the theory in developing countries the level of domestic savings is not sufficient to finance the needed investment to ensure economic development; since investment is a function of savings it is logical to require the use of complementary external goods and services. However, the relationship between domestic savings and foreign funds gives a guide as to how a country can borrow abroad (ibid). Also since most of LDCs are far from their steady state growth any investment injection could lead then to have accelerated economic growth. The country should borrow abroad if it is anticipated that the return on the borrowed funds will be higher than the cost, therefore we do expect a country to invest in projects having expected returns higher than the cost of foreign debt. Since if not used wisely, debt can amount to impeding the long term growth prospect of the country. External debt does not transform automatically into debt burden when a country optimally make use of the fund. According to Adegbite et al (2008) in an optimal condition, the marginal return on investment is greater than or equal to the cost of borrowing, in this case debt will show a positive impact on growth. According to the neoclassical growth theory, debt has a positive direct effect on economic growth. This is because the amount borrowed if used optimally it is anticipated to increase investment. On the other hand the indirect effect of debts is its effect on investment. The transmission mechanism through which the debt affects growth is its reduction on the resources available for investment by debt servicing. According to debt overhang hypothesis, a certain level of external debt has a direct positive effect to economic growth until a certain point where by an additional debt will have a negative effect to growth. The Debt Overhang Theory According to Krugman (1988), the debt overhang theory shows that if there is some likelihood that in the future debt will be larger than the countrys repayment ability; expected debt-service costs will discourage further domestic and foreign investment because the expected rate of return from the productive investment projects will be very low to support the economy as the significant portion of any subsequent economic progress will accrue to the creditor country. This eventually will further reduce both domestic and foreign investments and hence downsizes economic growth (Krugman, 1988, Sachs, 1989a). Claessens and Diwan (1990) argue that debt overhang is a situation in which the illiquidity effect, the disincentive effect, or both effects are strong enough to discourage growth in the absence of concessions by creditors. This is a narrow definition of the debt overhang where the impact of a high external debt that is linked to the tax disincentives argument, where any success in indebted countrys economic performance is taxed away by creditors and ultimately little is left over for domestic investment and subsequent growth (Hjertholm, 2001). According to Were, M (2001) debt overhang is much wider in that the effects of debt do not only affect investment in physical capital but any activity that involves incurring costs up-front for the sake of increased output in the future. Such activities include investment in human capital (in terms of education and health) and in technology acquisition whose effects on growth may be even stronger over time. As stressed out by Agenor and Montiel (1996), the approach to external debt is motivated by several observations. Most of which policy-oriented discussion of the debt problem were centered on the question of whether the debt crisis was one of solvency or of liquidity problem. Differentiating the two terms we can see that, liquidity problem is the inability of a country to service its debts as they fall due. That means lack of liquidity occurs when a county does not have enough cash on hand to pay current obligations. On the other hand, solvency issue relates to whether the value of a countrys liabilities exceeds the ability to pay at any time; a country is insolvent when it is incapable of servicing its debt in the long run (Ajayi, 1991). Taking this into consideration, we observe that, most of least developed countries were solvent and still they are solvent. As pointed out by Kletzer (1988), the present value of the most of least developed countries prospective resources which were measured by discounted value of the real outflows was way far larger than the debt obligations they have. In answering the question as to why the indebted poor countries had a problem of illiquidity, Jonse G. Leta (2002) in his research on external debt and economic growth in Ethiopia pointed out that although the indebted poor countries have been able to pay i.e. solvent, the willingness to pay decline for a variety of reasons. Among many factors there are domestic and external factors that responsible for this outcome of crisis. The domestic factors often cited include wrong macroeconomic policies such as fiscal irresponsibility and exchange rate misalignment, policies that deter savings such as negative real interest rates, which in turn reduce investment and encourage capital flight and financing long-run projects with short-term credits. External factors include oil shocks, deterioration in the terms of trade and rising foreign interest rates. Essentially the higher the stock of debt to the country, the higher is the current sacrifice for the sake of the future growth. The theory of debt overhang is well explained by the hypothesis of Debt Laffer curve which relates the magnitude of countrys debt and the value of repayment. According to Freytag, A et al (2008) the NPV of the debt repayments increases with stock of debt up to a certain threshold point beyond which a higher face value of the debt will be associated with lower efforts and investments, lower economic growth and lower NPV of expected debt service. According to Clements, B et al (2005) high levels of debt can depress economic growth in low-income countries, external debt slows growth only after its face value reaches a threshold level estimated to be about 50 percent of GDP (or, in net present value terms, 20-25 percent of GDP). Debt overhang depresses growth by increasing private investors uncertainty about governmental action taken to meet the debt service obligations. These include increase in money supply that causes inflation, distortion of future tax policies (Clements et al, 2005). Therefore the debt overhang problem is linked to the transfer of resources from capital scarce to capital surplus countries. The debt Laffer curve argument (which was apparently introduced by Jefrrey Sachs) is derived from the tax laffer curve hypothesis introduced by Arthur Laffer (1981), who argues that if personal tax rates were raised, they generate a dreadful impact on government tax revenue. The reason is that high tax rates either simply discourages investment or leads to tax evasion. Figure 1 presents the Debt Laffer Curve of external debt, expected payments and amortizations. If the stock of external debt is small, such that from the origin to point A, then it is expected that the debtor country will be able to meet the forthcoming debt repayment in full without a problem. Under this situation the marginal expected debt repayment with relation to the debt stock is one. However, after this point the expected debt repayment expands at a lower rate in relation to the debt accumulation. A country under this level of debt stock is expected to have some difficulties in meeting the debt repayment; this can be seen from the marginal expected debt repayment of between 0 and 1 exclusive. The risk of inability to service the debt increases with the increase in debt stock. The risk may vary from country to country according to the level of their debts interest rate. At point B, the expected debt repayment reaches its maximum saturated point and then starts falling, at this point and beyond the marginal impact of debt is negative. A country under this situation is totally unable to service the debts and most of the time declared to be in debt crisis. On extending the debt laffer curve to show the contribution of external debt on economic growth on a country we can have figure 2 below. This shows the non linear relationship of external debt and economic growth as supported by Pattillo, C. et al (2002).. A reasonable level of external debt actually has a positive impact on economic growth while excessive debt stock is destructive. As debt stock increases with time growth decreases and it can sometimes reaches a negative level of economic growth. Combining the two figures we have figure 3. Here we can see that as debt increases, creditors expectations of being paid are distorted. From the figure it is easily seen that when the expected payment of the debt increases proportionally less than the debt stock, the distortions are such that extra amounts of debt start decelerating the GDP growth rate. Moreover, if the debt accumulation achieves higher levels such that the debtor starts diminishing or failing to make its regular amortizations, any extra debt increment will be translated into negative contributions to the GDP growth rate. Claessens et al, (1996) stressed out that, the other channels through which the service of a large amount of external debt obligations can affect economic performance include the crowding out effect, the lack of access to international financial markets and the effects of the stock of debt on the general level of uncertainty in the economy. The crowding out effect occurs when there is a reduction in the current debt service that lead to an increase in current investment for any given level of future indebtedness (Cohen, 1993). If a greater portion of export revenue is used to service external debt, very little is available for investment and growth. Claessens et al (1996) also argues that where foreign assistance is related to the debt and debt service of indebted poor countries, the effects of a debt overhang on economic performance is a more complex question. Debt servicing difficulties lead to a deterioration of relations with creditors, thus reducing the amount of finance indebted poor countries can access (Khan and Villaneuva, 1991). Theoretical Consideration of Impact of Debt Relief From the literature on debt overhang and its effects on growth it is evident that debt relief might have a stimulating effect on investment and economic growth. Since debt overhang exist when a country exceeds its repayment ability, it can be suggested that, expected debt service is an increasing function of countrys output level (Krugmanv1988; Sachs 1989). Therefore in presence of debt overhang, the greater percentage of benefits of an increased output brought about the debt accrues to the creditor while all the costs incurred accrue to the indebted country. The incentive mechanism suggests that, in the presence of debt overhang high debt reduces both public and private investment. In the case of public investment, the incentive to investment is discouraged when a large percentage of the return on the debt accrues to the creditor (Johansson 2010). According to Helpman (1989) the disincentive to private investment occur when a high future debt service acts as implicit tax because more will have to be raised out of the tax to help finance the debt obligations. In this situation projects with quick return will be preferred to long term because there will be high uncertainty on government actions and its policies in meeting the debt obligations (Servà ¨n 1997). High level debt increase governments disincentive to carry out reforms. As supported by Corden (1998) and Johansson (2010) that high level of debt makes economic reforms less advantageous and slows down growth because in the presence of debt overhang the growth-enhancing reforms intensify the pressure to repay foreign creditors than fuelling the growth and improving social services. Therefore when a country suffers from debt overhang, debt relief has the potential to improve economic efficiency. This can be possible by reducing the debt stock; the reduction will then spill-over its effects and reduce the debt overhang. This will then prevent the disincentive suggested. Cohen (1993) suggested that, debt service payments crowd out investments in areas such as education, health and infrastructure development which are direct as well as indirect impact on economic growth. To help in facilitating growth debt relief frees resources which were tied up in debt servicing enabling government to reallocate the freed resources to more productive areas. Looking into resource mechanism in detail it is evident that not just debt relief might bring about the growth due to the freed resources but other factors such as the magnitude of the relief or forgiveness, government investment decisions of the freed resources, revenue collection, new borrowing, and aids have impact on growth. As supported by Cassimon et al (2008) that since the creditors give debt relief to countries facing repayment difficulties, the resource mechanism might not create a greater fiscal space to help investment. The impact of debt relief or forgiveness on growth might be limited due to moral hazard or adverse selection (Johansson, 2010). This is because with the idea that the debt will be forgiven or relieved in future, borrowers will be encourage to take up excessive amounts of new loans, expecting that it will be forgiven when the country is in repayment difficulties (Easterly, 2002). This will push countries to rise up new loans even if there are no productive investment opportunities. In adverse selection case, creditors give relief to countries which face payment difficulties and not the ones that are willing and able to increase their investment. A country in this situation might be faced by factors such as profligate government, political instability or interest group polarization reflecting the high discounting toward the future (Easterly, 2002). He pointed out further, for the debt relief to have a positive impact on growth, good institution and governance is inevitable. This was also supported by Robinson, (2001) and Subramanian, Trebbi, (2004) because countries with better institutions and government invest more in physical and human capital and make efficient use of the resources to achieve higher growth. In absence of good institutions and governance the freed resources would not translate to productive investments. Empirical Literature Review Debt overhang, investment and Growth Milton Iyoha (1999) used macroeconometric model to facilitate the simulation of the impact of external debt in economic growth in Sub-Saharan Africa. With the use of simultaneous equation models for output and investment demand he was able to conclude that, there is a significant debt overhang and crowding out effect in Sub-Saharan Africa. In other words, the large stock of external debt and heavy debt service payments had a depressing effect on investment in SSA. He went further in simulating the implications of the debt reduction packages on economic growth. Upon simulating at different debt stock reduction levels he found that the hypothesized debt reductions assumed would increase investment and to a lesser extent the GDP on subsequent period. Simulations showed that a 50% debt stock reduction would have raised per capita gross domestic investment by over 40%, and increased GDP growth by over 3%, on average, during the 1987-1994 period. Chowdhury (1994) used a structural simultaneous equation model built to capture the interrelationship between public and private external debt, capital accumulation and production function. The models were constructed basing on the inter-relationship between the variables that is, some of the variables have characteristic of both independent and dependent nature. Using the Granger causality test on the data set for indebted developing countries in Asia and Pacific, Chowdhury showed that, the Bulow-Rogoff (1990) proposition that the external debt of the developing countries is a symptom rather than a cause of economic slowdown is rejected. Also he further found that, the Dornbusch-Krugman proposition that external debt leads to economic slowdown is rejected. But a feedback-type relationship is not rejected for two countries. The estimated results indicate that the overall effects of the public and private external debts on GNP are small and of an opposite sign, where as an increase in the GNP level raises substantially the public and private external debts. He argued that the positive estimates of the indirect effects of the public external debt on GNP obtained indicate that the capital flight generated by tax rise expectations is smaller than the contribution of public borrowing in financing investment in capital stock. Moreover, the direct and hence the full effects of the public external debt on GNP are positive and substantially large. An increase of 1% in the public external debt is likely to directly and indirectly raise the GNP level by 0.240% in the Asia Pacific countries. However, the adverse indirect effects of the external debt on GNP through lowering private investment and the overall level of capital stock are large in absolute value and substantially exceed the direct effect. Thus, the full effects of the private external debt on GNP are negative; a 1% increase in the private external debt is likely to reduce the GNP level by 0.033% during the time of study. In his estimates also, the effect of GNP on capital stock is indirectly amplified by the positive effect of the public external debt on capital stock. The overall effect of GNP on capital accumulation is positive. The marginal product of capital is also positive and there is diminishing marginal productivity of capital. Since aggregating of data across countries imposes and identical structure on all country although sometimes there are greater differences between the studied countries. Therefore it is necessary to consider the case of each developing country separately so as to study the characters deeply and suggest policies specific for that country. It is under this consideration that the study will be conducted specifically to Tanzania to explore specific characters of the relationship between external debt and economic growth and thereafter answer the key question on debt relief and its impact on growth in Tanzania. Odegbite, E et al (2008) used two models to capture both linear and nonlinear relationship of external debt in economic growth in the study on the impact of Nigerias external debt on economic development. Based on the modification of Elibadawi, Ndulu and Ndungu (1997) model Odegbite investigated the impact of large external debt stock with its servicing requirements and resulting fiscal deficit on private investment. Analysis showed that the influence of export growth on GDP growth was confirmed with a significant statistics. This has supported what Edwards (1998) claimed on the positive role of export growth process by increasing factor productivity in Nigeria. Due to the existence of debt overhang and crowding out effect result shows that savings compresses output. It was evidenced that, a unit increase in debt burden as measured by the debt service to GDP ratio generates 185 units growth. However the shortcoming of the model used is it considers the public sector gap only and igno res the BOP, it also takes government expenditures and revenue, interest rate and exchange rate as given. Barfour, O (1995), in his study on Ghana, argued that debt repayment inevitably imposes constraints on a debtor countrys growth prospective since it involves the transfer of resources to other countries. Therefore, in order to adequately appreciate the problem of indebtedness, it  is essential to relate the debt with its repayments of some income resources generated by the debtor out of which the repayments could be made. Elbadawi et al. (1997) also confirmed a debt overhang effect on economic growth using cross-section regression for 99 developing countries covering SSA, Latin America, Asia and Middle East. Three direct channels in which indebtedness in SSA works against growth was identified, this include the current debt inflows as a ratio of GDP (which stimulate growth), past debt accumulation (capturing debt overhang) and debt service ratio. The indirect channel works through the impacts it has on the other channels on public sector expenditures. Empirical study shows that direct nonlinear effects of debt on growth was presented in a fixed and random effects panel estimates of a growth regression in which debt to GDP enters both in linear and quadratic form. The results imply growth maximizing debt to GDP ratio of 97 percent, which is quite high considering the average debt to GDP ratio of 70 percent Pattillo, C (2002) By linking debt and growth problem to capital flight in a relatively simple model, Calvo (1998) urged that, high debt is associated with low growth since a higher distortionary tax burden on capital is required to service the debt, leading to a lower rate of return on capital, lower investment and growth. Low debt regimes have high growth for the opposite reasons. In intermediate ranges of debt, however, the effect on growth is indeterminate. The mechanism behind the possibility of multiple equilibria is a reverse causation from growth to the tax burden: if the economy grows more slowly, then the tax rate necessary to obtain enough resources to repay a given debt will have to be higher and vice versa Pattillo, C (2002). Taking in to account the direct as well as the feedback effect of debt in his analysis of the impact of foreign debt on growth in Tanzania Mjema (1996) used simultaneous equation models. In his results he proposed that the impact of the debt service ratio on real growth in GDP is negative. However the effect of external debt found to be positive as it facilitates the growth although the negative force is greater and therefore outweigh the positive effect of debt. Amoating and Amoaku-Adu (1996) urged if a greater proportion of export revenue were used to service external debt, then little foreign exchange would be available for investment and growth. This shows an inverse relationship between debt servicing and investment and growth (Gedefa, J. 2002) A number of other studies have found the existence of debt overhang and crowing out effect in SSA when studying the relationship between debt vis a vis economic growth, investment, capital flight just to mention a few. However, most of the studies are mainly based on data across countries in disregard to each countrys uniqueness. While the findings are quite revealing, there is need for case-by-case in depth studies in view of each countrys unique characteristics. Debt Relief On reviewing a two decades of debt relief Easterly, W (2002) conducted a study aiming at answering the key question as to why did HIPCs became very indebted. Using a sample of 41 HIPCs as classified by IMF and World Bank, he found that despite their poor policies, HIPCs received more than other LDCs. He found that between 1989 1997 a total of US$ 33 billion were forgiven while their respective borrowing was US$41 billion, this shows a close association that the debt relief will be met with an equivalent amount of new borrowing. Upon running the regression for the 40 HIPCs with complete data he found a statistically significant association between average debt relief as a percentage of GDP and new net borrowing as percentage of GDP, one percentage point of GDP higher debt forgiveness translated into 0.34% of GDP new net borrowing. Going further in his analysis Easterly showed that, the average levels of current account deficits, budget deficits, real valuation and other policy indicators were worse for most HIPCs. HIPCs also were worse on the broad measure of policy which includes not only a rating of policy stance but also the institutional quality like the prevalence of corruption. One of explanation of the HIPCs heavily indebtedness is they suffered adverse terms of trade shocks, and wars which destroy countries productive assets. The findings imply that the substantial reduction in external debt projected for the countries participating in the HIPC Initiative would directly add 0.8-1.1 percent to their per capita GDP growth rates. Indeed, the positive effects of debt relief may already be reflected in some of the healthier growth rates achieved by these countries in the past few years relative to their poor performance in the 1990s. (Annual GDP growth averaged 1.2 percent in 2000-02, compared with 0.2 percent during the 1990s.) Clements, B et al (2005). BIBLIOGRAPHY Amoating, K. and Amoaku-Adu, B. (1996), Economic Growth, Export and External Debt causality: The Case of African Countries, Applied Economics, 28, pp 21-27 Barfour. O. (1995), Ghana: The Burden of Debt Service Payment Under Structural Adjustment, African Economic Research Consortium Research Papers, No 8, English press Limited, Kenya. Bulow, J. and Rogoff, K. (1990), Cleaning up Third World Debt Without Getting Taken to the Cleaners, The Journal of Economic Perspective, 4(1), 31-42 Chowdhury Khorshed (1994), A Structural Analysis of External Debt and Economic Growth: Some Evidence of From Selected Countries in Asia and Pacific, Applied Economic, 26 (12). Claessens, S. and Diwan, I. (1990), Investment incentives: New Money, Debt Relief, and the Critical Role of Conditionality in Debt Crisis, The World Bank Economic Review, 4(1). Iyoha, M. A. (1999), External Debt and Economic Growth in Sub-Saharan African countries: An Econometric study, African Economic Research Consortium Research Papers No 90, English press Limited, Kenya Mjema, G. D. (1996), The Impact of Foreign Debt Servicing in the Economy of Tanzania: A Simultaneous equation approach, African Journal of Economic Policy, 3(1).

Wednesday, September 4, 2019

Use of Violence as the Main Reason for Mussolinis Consolidation of Pow

Use of Violence as the Main Reason for Mussolini's Consolidation of Power from 1922-1928 Introduction  · Several reasons why Mussolini was able to consolidate his power between 1922 and 1928, such as Mussolini?s actions and strategy, co-operation from the elite and the failure of his opposition.  · However, I believe the most significant reason was the use of violence. Paragraph 1: Use of Violence  · July 1923: The Chamber, surrounded by Blackshirts, passed the Acerbo Law. This said that the party gaining the most votes in an election, provided that they obtained at least 25% of the votes, would take two-thirds of the seats.  · April 1924: Militia violence during the election. 1 Socialist candidate killed; meetings were stopped; hostile voters were intimidated and the Blackshirts stood next to the poling stations to frighten people into voting for the Fascists. Some Fascist voters were allowed to vote many times each. The ras had a virtually free hand in intimidating opponents in the small towns in the provin...

Tuesday, September 3, 2019

Essay --

ISSUES, CHALLENGES AND WAY FORWARD There remains considerable gap between the health HR in position and that required for public health sector. This shortage is attributed to delays in recruitment and postings not being based on work-load or sanctions. Lack of sound HR management policies has also resulted in irrational distribution of available HR and suboptimal motivation. The envisioned public health cadre to manage NRHM and NUHM (or now National Health Mission) is not yet in place. Insufficient focus on public health is a major weakness of the system and must be urgently corrected. Effective public health management requires a certain degree of expertise and it calls for an urgent real need for a dedicated public health cadre (with support teams comprising of epidemiologists, entomologists, public health nurses, inspectors and male multipurpose workers) backed by appropriate regulation at the state level. Availability of skilled HR remains a key constraint in expanding health service delivery. A mere expansion of financial resources devoted to health will not deliver results if health manpower is not available. An expansion of public sector medical schools and public health institutions is necessary in this process. The norms for public health service providers were set long ago and are considered very inadequate according to today’s requirements and expectations. Even those under IPHS also need to be revised periodically based on the rapidly changing modern times. The shortfall of doctors and specialists is a serious issue. Availability of public health functionaries is very low. The doctors and specialists in position do not necessarily mean that they are physically present at their respective centres and performing their du... ...the convergence and development of public health systems that are responsive to the health and well being of the people, it is important to recognise the need for a comprehensive strategy that must include the public health HR (both professional and auxiliary health personnel). In India, availability of health HR in the public sector is quantitatively inadequate and most of the States/UTs lack a dedicated public health cadre. To develop a robust public health cadre in our country, the public health HR needs to be strengthened in a systematic, organised and well-planned manner. Though there are certain issues and challenges, yet the creation of a new public health cadre would result in an efficient public health management system delivered by teams of well-qualified and competent workers who would be able to deal with changing public health priorities in the country.

Monday, September 2, 2019

What ideas do Blake and Wordsworth present and how effectively are :: English Literature

What ideas do Blake and Wordsworth present and how effectively are they presented? Both poets lived through both the eighteenth and nineteenth century. I believe these poems were written just around the turn of the century. During this time the Industrial Revolution was underway and Britainwas becoming a very advanced country. It was a time of big change for everyone and I think the poets both explain that in their poems. Not only was it the Revolution, it was about the same time as the Romantic Movement, when poets would write about beauty, love and purity. The whole population attended church every Sunday. They all believed God was ubiquitous (these people were called Pantheists). It was an extremely religious age and anyone who did not respect God would be treated with disrespect. Both poets had to remember this when they wrote their poems. Both poems are about the same place (London) but both poets have different views. In my opinion they are both harshly critical of the city and its population. William Wordsworth "Composed upon WestminsterBridge" is written in a fourteen line sonnet, the first eight describing the man made elements of Londonand the last six talking about the natural beauty. He has written it in prose using iambic pentameter to help emphasise the meaning of the rhyming words, each line has the same number of syllables. The poem itself is descriptive, with a strong rhyming scheme. It contains anachronism, in the third to last line he uses archaic English to describe the river. This shows he has a wider ranger of vocabulary than other poet at that time. He uses assonance throughout the poem along with adjectives and punctuation on every line. Wordsworth is very optimistic with his feeling towards London. His philosophy is to appreciate the Londonview and the beauty of nature everywhere. I get the impression he believes God gave us our senses and the ability to remember the beauty in everything around us. He personifies everything, the sun, river, and even the city itself. He gives them functions that are unique to humans. He says: "The City now doth like a garment wear The beauty of the morning:" This makes the reader think that the city is not just an inanimate collection of buildings but actually alive, bustling with life. I interpret this personification to mean that the city is disguising itself in the beauty of the morning sun, not revealing this true ugliness. Knowing the way Londonwas back then, during the Industrial Revolution, it is clear to say that Wordsworth is exaggerating its beauty. He uses effective imagery and praises all achievements in the world, both by man and in nature.

Sunday, September 1, 2019

First Day of School Essay

Middle school is a milestone for most people. The pressure for a newcomer can be exhausting and stressful. Upcoming sixth graders must adjust to their new environment. Unlike elementary school classes, middle school classes contain shorter periods, more quizzes and tests, and more homework. The new adjustment to lockers can be difficult or easy; the hard part is getting to class on time. The materials needed are confusing and frustrating at times new students must adapt to their new school education system. Lastly, the teachers post grades on Edline for each class. The lockers, materials, and grades are all part of the milestone to middle school. Lockers are one of the toughest things new 6th graders must get use to. The lockers have a lock on each one. The lock is opened with a three-digit code. It may take a while to get use to the turning and memorizing the passcode. New students who have not used a lock before usually have a hard time opening their lockers and may ask friends or neighbors to help, these students may have to take a week or so to get the hang of it. One of the new things students are introduced in middle school are tardys, lates, and detentions. Students usually get detention if they are late to class, forget to bring class supplies, or talk in class too much. Only the first week is an exception because everyone is adjusting to his or her new schedule. The materials for each class are different and unique. Some classes you need a journal or notebook; or a pen or pencil. For every class everyone needs a 2-4 inch binder that holds all seven class periods including elective and health. A binder holds all of the papers, pencils, pens, highlighters, erasers, and other supplies needed for each class. Additionally, people have to switch binders at least once a year since they break easily if someone drops them or the ring get demented. The papers the teacher gives you must be put in the rings, the binder can will overflow if you put it in the folders or just stuff it in. After about a semester, students have to clean out their binders for the new quarter. It takes a lot of preparation to get ready for middle school. On the first day of middle school, new students will get a code to create a new account on Edline. Edline is used to put assignments out, notices, emergencies, homework, and their current assign report (current grades). A current assignment report is created for each teacher the student has and a homeroom for absents, lates, or tardys. When someone is absent on a day then the teacher can either put a Z or an X. A Z is the student has not turned it work in by the due date. And an X is the student is excused for their missed work. If the student has a Z and does not turn it in by the end of the quarter, it turns into a 0 (zero). Near the end of the marking period, if the student has an 89. 4 or a 79. 4 then they can ask the teacher for one point to bump up their grade to the next grade letter. Worries and anxiousness may take over and control the human mind, making them stress and get irritated a lot. This can pull there grades down with all the stress accumulating. For upcoming middle school students prepare is everything because they have not experienced middle school pros and cons. A student’s locker, their edline, and the materials accumulate to create a successful year for students. They first few weeks are easy and confusing. Teachers usually do not give out homework but it takes time to memorize all the classrooms and the teachers. The frustration and stress can cause breakdowns but as the weeks go by everything seems to get into place over time.