Marxs Capitalism

Definition and Examples of Argumentum Ad Misericordiam

Definition and Examples of Argumentum Ad Misericordiam Ad misericordiam is an argument based on a strong appeal to the emotions. Also known as  argumentum ad misericordiam  or  appeal to pity or misery. When an appeal to sympathy or pity is highly exaggerated or irrelevant to the issue at hand, ​ad misericordiam is regarded as a logical fallacy.  The first mention of  ad misericordiam  as a fallacy was in an article in the  Edinburgh Review  in 1824. Ronald Munson points out that [n]ot all mention of factors which appeal to our sympathies is irrelevant [to an argument], and the trick is to distinguish legitimate appeals from spurious ones (The Way of Words). From the Latin, appeal to pity   Examples and Observations Your Honor, my incarceration is cruel and unusual punishment. First, my prison-issued shower sandals are grossly undersized. Secondly, the prison book club consists mainly of prisoners who club me with books.(Sideshow Bob in Day of the Jackanapes. The Simpsons, 2001)This appeal to our emotions need not be fallacious or faulty. A writer, having argued several points logically, may make an emotional appeal for extra support. . . .When an argument is based solely on the exploitation of the readers pity, however, the issue gets lost. Theres an old joke about a man who murdered his parents and appealed to the court for leniency because he was an orphan. Its funny because it ludicrously illustrates how pity has nothing to do with murder. Lets take a more realistic example. If you were a lawyer whose client was charged with bank embezzlement, you would not get very far basing your defense solely on the fact that the defendant was abused as a child. Yes, you may touch the hearts of the juror s, even move them to pity. Yet that would not exonerate your client. The abuse the defendant suffered as a child, as woeful as it is, has nothing to do with his or her crime as an adult. Any intelligent prosecutor would point out the attempt to manipulate the court with a sob story while distracting it from more important factors such as justice.(Gary Goshgarian, et al., An Argument Rhetoric and Reader. Addison-Wesley, 2003) Germaine Greer on Hillary Clintons Tears Watching Hillary Clinton pretending to get teary-eyed is enough to make me give up shedding tears altogether. The currency, you might say, has become devalued. . .   Hillarys feeble display of emotion, while answering questions from voters in a cafe in Portsmouth, New Hampshire, on Monday, is supposed to have done her campaign the world of good. If it has, its because people have wished a tear into her stony reptilian eye, not because there actually was one. What caused her to get all mooshy was her mention of her own love of her country. Patriotism has once more proved a valuable last refuge for a scoundrel. Hillarys clipped diction did not falter; all she had to do was take the steel edge off her voice and our imaginations did the rest. Hillary was human after all. Fear and loathing fled New Hampshire, Hillary scored against the run of play, and all it took was the suspicion of a tear. Or so they say. Can the moral of the story be: when youre up against it, dont fight back, just cry? As if too many women dont already use tears as a power-tool. Over the years Ive had to deal with more than one manipulative student who produced tears instead of w ork; my standard response was to say, Dont you dare cry. Im the one who should be crying. Its my time and effort thats being wasted. Lets hope Hillarys crocodile effort doesnt encourage more women to use tears to get their way.(Germaine Greer, For Crying Out Loud! The Guardian, January  10, 2008) An Argument That Raises a Warning Signal ​​Plenty of evidence has been presented that the ad misericordiam is both a powerful and deceptively misleading tactic of argumentation well worth careful study and evaluation. On the other hand, our treatment also suggests that it is misleading, in various ways, to think of the appeal to pity simply as a fallacious argument move. The problem is not that appeal to pity is inherently irrational or fallacious. The problem is that such an appeal can have such a powerful impact that it easily gets out of hand, carrying a weight of presumption far beyond what the context of dialogue merits and distracting a respondent from more relevant and important considerations.While ad misericordiam arguments are fallacious in some cases, it is better to think of the argumentum ad misericordiam not as a fallacy (at least per se, or even most importantly) but as a kind of argument that automatically raises a warning signal: Look out, you could get in trouble with this kind of argument if you are not very careful!(Douglas N. Walton, The Place of Emotion in Argument. Penn State Press, 1992) The Lighter Side of Ad Misericordiam: The Job Applicant Seated under the oak the next evening I said, Our first fallacy tonight is called Ad Misericordiam.[Polly] quivered with delight.Listen closely, I said. A man applies for a job. When the boss asks him what his qualifications are, he replies that he has a wife and six children at home, the wife is a helpless cripple, the children have nothing to eat, no clothes to wear, no shoes on their feet, there are no beds in the house, no coal in the cellar, and winter is coming.A tear rolled down each of Polly’s pink cheeks. Oh, this is awful, awful, she sobbed.Yes, it’s awful, I agreed, but it’s no argument. The man never answered the boss’s question about his qualifications. Instead he appealed to the boss’s sympathy. He committed the fallacy of Ad Misericordiam. Do you understand?Have you got a handkerchief? she blubbered.I handed her a handkerchief and tried to keep from screaming while she wiped her eyes.(Max Shulman, The Many Loves of Dobie Gillis. Doubl eday, 1951)

Antigone Creon is a Failed Statesman essays

Antigone Creon is a Failed Statesman essays Three dead bodies, angry Gods, and a bad omen foreseen by a prophet come true. Such are the effects of a foolish kings actions. In Sophocless Antigone, Creon fails as a statesman because of three primary faults: he makes governing decisions without taking advice from others, he abuses his absolute power as a king, and he has an extremely quick and volatile temper. The foremost of Creons faults is making his decisions without first consulting and receiving an opinion from other people. For example, Creon and Haemon argue whether Antigones actions are honorable: Since when do I take my orders from the people of Thebes? (Sc. 3.628-630). Creon is being very stubborn and refuses to even think about the thoughts of his people whom he governs. Creon uses his absolute power to ensure his opinion as the correct and only belief, and he does not even take into consideration the view of the Theban civilians. In addition, when Teiresias comes to give counsel, the prophet blames the king of Thebes for all the disatrous omens. Creon, in turn, accuses Teiresias of bribery and falsehood. The foolish king again shows his obstinacy by not listening to advice from anyone. This time it is much worse because he is brushing aside the words of Teiresias, a prophet who had yet to ever be proven wrong. Creon is not being fair and just to the people, and Teiresi as warns him to be reasonable. Even with this warning, the king still does not change his opinion and misuses his power. Not taking guidance from other people can be a statesmans most serious mistake, and for Creon this is the fault which starts the entire sequence of events leading up to the death of his family. Abusing ones power can also lead to a downfall as a leader, and for Creon it is another fault which leads to his spectacular failure as a statesman. For instance, Creon issues a decree that Polynices is to be left for the wild animals...

Making Sense of Since

Making Sense of Since Making Sense of Since Making Sense of Since By Maeve Maddox Sometimes a word that is clear in one context, may create ambiguity in another. Consider the following excerpt from a professional newspaper review of Hotel for Dogs. The story follows 16-year-old Andi (Emma Roberts) and her 11-year-old brother Bruce (Jake T. Austin) who, since the death of their parents, have lived in five foster homes over two years. Each move is challenging as they have to find ways to smuggle their charming Jack Russell terrier Friday, a member of their family since happier times, into each new household. If you havent seen the film, can you tell from this paragraph if the children had the dog before their parents died? Dont study it. Just base your impression on one quick reading. The first time I read it, I thought it meant that theyd had the dog before the parents died, but as I went on with the review, I began to wonder if the children had acquired the dog after being sent into foster care. In both phrases, the word since is a preposition. The OED gives two meanings for since as a preposition: 1. Ever or continuously from (a specified time, etc.) till now. 2. During the period between (a specified time) and now; at some time subsequent to or after. OED In the phrase since the death of their parents, the since marks a specific starting point. In the phrase since happier times, the time period is ambiguous. This since could, like the first since, mark a starting point subsequent to the happy times enjoyed with their parents, or it could indicate an earlier starting point, during the happy times. I havent seen the film, so to figure out the writers intended meaning, I googled (Oh, dear. I made a Google search of) They had a dog named Friday and found this refreshingly unambiguous statement in a review written by a high school senior: When their parents were still alive they had a dog named Friday and after their parents passed away they kept the dog Janeane White Not every reader would have had difficulty with this paragraph, but at least one did. And if one reader stumbles, its likely that others will. To avoid confusion, its probably a good idea for a writer to avoid using the same word twice in the same paragraph, especially words that have more than one meaning, however slight the difference. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Misused Words category, check our popular posts, or choose a related post below:100 Words for Facial ExpressionsSelect vs. SelectedList of Prefixes and Suffixes and their Meanings

Do you feel that speech is really free Why or why not Essay

Do you feel that speech is really free Why or why not - Essay Example But does this really exist in our society today? Some groups of citizen, especially the military, who are supposed to be protected by this freedom, continue to have limitation on how free they can express themselves through speech. The following paper seeks to show ways in which this freedom of speech has been diluted and can no longer be termed as freedom. The first amendment assures that one has the right to say what they want but with little exclusion. It however does not protect people from the consequences of their actions or words if it may offend others. There are large files and documents in the legal environment that pose rules and regulations on what one can say, when it can be said, in which surroundings it can be conveyed and to whom it is told. Is this freedom of speech? By definition, this clearly does not reflect any democracy. Even though different countries put different weights on discretion of what can be said, there lacks a single country whether in the west or east which fully allows its citizens to express themselves freely. In fact, all countries expect political correctness in one way or another. Americans may be comparatively free to air our views compared to some countries where this subject of writing will lead to incarceration, harassment or even punishable by death (Curtis). The United States of America and the United Kingdom are praised for upholding democracy and protecting a good number of basic human rights including the freedom of speech. However, this is mostly perceived by those living outside these countries and more so in the third world countries. However, individuals like bloggers and political activists feel over-controlled and violated in regards to what can and cannot be said. A good example is expression by two people where one expresses himself by waiving a flag and the other by burning it. The two are treated differently. The one waving the flag will be assumed to be exercising his freedom of

Follow-Up to Concept Analysis Reports Assignment

Follow-Up to Concept Analysis Reports - Assignment Example The paper identifies three related concepts of Patrimonialism, and they are Neo-Patrimonialism, Corporatism, and Clientelism. In defining Neo-Patrimonialism, the paper takes the stand of Bach and Mammadou (2012). The two authors define it as a concept whereby a ruler mismanages the resources of a state, for purposes of acquiring power, and maintaining it (Bach and Mammadou, 2012). The initial paper defines Clientelism as an art of exchanging non-financial and financial benefits, for purposes of maintaining power. Corporatism refers to a situation where there are groups within a state, and they compete to gain favor from the ruler. In highlighting the Similarities of patrimonialism in Vietnam and Morocco, the paper observed that Patrimonialism in the two countries take place through the systems of governance. The paper stated that the system of governance in Morocco is through a monarch, while in Vietnam, it is through the Presidency. Patrimonialism thrives in these states because they have weak governance institutions, and it is easy to manipulate the holders of these institutional officers to serve the purposes of a ruler. Another similarity emanates from the motives of the Moroccan monarch, and Vietnam Presidents to engage in Patrimonialism. The two do so for purposes of maintaining power, and authority. A difference emanates from the objectives for which the leaders of the two states practice the policy. In Vietnam, the communist party practices the policy to promote socialism, and maintain unity in the country (Clapham, 1985). In Morocco, the Monarch practices the policy to maintain power, and for selfish gains. Another difference emanates at how the two countries implement the policy of Patrimonialism. In Morocco, the Monarch practices the policy by forming tribal groups, therefore creating divisions in the society (Bach and Mammadou, 2012). In Vietnam, the policy is practiced in such a way that it unites

Korea Gender Roles and Ideologies of Womanhood Essay

Korea Gender Roles and Ideologies of Womanhood - Essay Example Socially, it is no longer compulsory for women to wear the traditional dress that was hazardous and uncomfortable for them. It restricted breathing and movement. According to Bruce (256), the defiant personal appearance is one unique identity of the new Korean woman. They have invented their own ideal femininity and definition of beauty and choose how to appear physically. For example, they have discarded the national dress and opted for miniskirts, cloche hats, high heeled shoes, and wear the same hairstyles as men, short and elegant hair cuts. Modern men want their wives this way. Gender roles The change in gender roles can be seen where girls are allowed to leave home to work in towns and are expected to send money for their families back home. The educated and employed women actively support their families financially instead of just waiting to receive from their husbands. Husbands now allow their wives to ‘leave the house’ to look for a better life. Equality, Status, Autonomy and Power Today, girls can be found in the same educational setting as boys against the former cultural norms. Women are allowed to pursue their studies even abroad, away from home. Traditionally, girls could not be allowed to stay alone or undergo any form of segregation. From 1920s, more young girls have moved to urban areas for employment or education. Working for single ladies has been socially accepted as an intermediary stage between adolescence and marriage. Women are now treated equal to men in terms of human rights and are allowed to participate in national discussions. They are given a chance to express their determination publicly.

Strategic Management Essay Example | Topics and Well Written Essays - 500 words - 12

Strategic Management - Essay Example The model focuses on manufacturing hardware and software. This is mainly through contracting manufacturers such as Foxconn and also focusing on the integration of software in order to complete user experience (Hill & Jones 2013). However, the current expansion of its market has been supported by the changes in its business model. This is through changing its business model to accommodate selling of its products through the retail channel, playing the role of wholesaler, while also selling directly to its consumers who are located in different parts of the world. The Apple strategy to continue increasing its market share could not have been possible if the business model is only focused on a single market segment. For instance, the recent increase in the overall performance of the company in the market can be attributed to the support that emanates from the internal business model. Therefore, for the company to implement its strategy successfully, it must have a strong business model which is growth oriented. In order for the business to maximize its returns in this attractive market, focus should be on intensifying its competition levels in the market. This is through allocating funds to the marketing department in order to enable it to stage a strong campaign to persuade the customers to purchase the company’s products. The campaign should use audio, visual, and print media in order to reach all customers irrespective of their geographical location. The reason behind prioritizing the marketing of products is because increasing the level of production would not guarantee the company success if the customers are not aware of the existence of the product in the market. As a result, the financiers should prioritize making the company to be well known by the potential customers. This strategy would enable the firm to penetrate the market and position them strategically in the market. In

Summary Essay Example | Topics and Well Written Essays - 500 words - 5

Summary - Essay Example This research is aimed at exploring the most recent technologies of Physics like nano-identation, scanning electron microscopy, etc. which can be utilised to obtain a better understanding of tooth erosion and hence help in the improvement of the dental treatment techniques. The research will help the clinicians to solve dental problems better and thus help the affected population. B5 SUPPORTING STATEMENT Explain – in no more than half a page of 12-point Times New Roman font – why this project is of interest to you and why you believe you have the skills and knowledge necessary to undertake it successfully. Answer: Dental treatment is generally expensive. Therefore, people often prefer to leave their dental problems untreated. However, the dental problems become complicated due to this and serious heath hazards take place. As a result, more complicated medical procedures like oral and maxillofacial surgeries have to be performed which are riskier and costlier. In my opin ion, due to lack of consciousness and lifestyle issues are leading to more dental problems and this is becoming a serious public health issue. Hence, I want to conduct a research that would focus on the most innovative technologies to understand the dental problems like tooth erosion better and find out better treatment methods.

Capitalismâ€a Propaganda Story Essay Example for Free

Capitalism—a Propaganda Story Essay Michael Moore is the Leni Riefenstahl of our time. Or, perhaps he would be better characterized as a Bizzaro World Leni Riefenstahl, because while she propped up with propaganda the political powers of her time, Moore uses the same techniques to bring down the powers of our time, be it GM (Roger and Me), the gun lobby (Bowling for Columbine), the government (Fahrenheit 911), the health care industry (Sicko), or free enterprise (Capitalism: A Love Story). In this latest installment in his continuing series of what’s wrong with America, Michael Moore takes aim at his biggest target to date, and the result is a disaster. The documentary is not nearly as funny as his previous films, the music selections seem contrived and flat, and the edits and transitions are clumsy, wooden, and not nearly as effective as what we’ve come to expect from the premiere documentarian (Ken Burns notwithstanding) of our time. And, most importantly, the film’s central thesis is so bad that it’s not even wrong. First, let me confess that even though I have disagreed with most of Michael Moore’s politics and economics throughout his career, I have thoroughly enjoyed his films as skilled and effective works of art and propaganda, never failing to laugh — or be emotionally distraught — at all the places audiences are cued to do so. My willing suspension of disbelief that enables me to take so much pleasure from works of fiction, does not always serve me well when pulled into the narrative arc of a documentary. Thus it is that with his past films I have exited the theater infuriated at the same things Moore is †¦ until I rolled up my sleeves and did some fact checking of my own, at which point Moore’s theses unravel (with the possible exception of Bowling for Columbine, his finest work in my opinion). But with Capitalism: A Love Story, Moore’s propagandistic props are so transparent and contrived that I never was able to suspend disbelief. What was especially infuriating about Capitalism: A Love Story was the treatment of the people at the bottom end of the economic spectrum. The film is anchored on two eviction stories contrived to pull at the heart strings. One family filmed the eviction process themselves and sent the footage to Moore in hopes he’d use it (many are called, few are chosen), and the other was filmed by Moore’s crew. The message of both is delivered with a sledge hammer: Greedy Evil Soul-Sucking Bankers (think Lionel Barrymore’s villainous Mr. Potter in It’s a Wonderful Life) are tossing out onto the streets of America poor innocent families who are victims of circumstances not of their making. Why? First, because this is what Greedy Evil Soul-Sucking Bankers do for fun on weekends. Two, because the economic crisis caused solely by said bankers has made it impossible for families to make the payments on those subprime loans they were tricked into taking by those same bankers, who themselves were suckered into a Ponzi-like scheme cooked up by Alan Greenspan and his Wall Street/Federal Reserve buddies to take back the homes fully owned by (first) the elderly and (then) the poor. In the fine print that the bankers carefully slipped past the elderly and the poor for these second mortgages and subprime loans, the contracts said that the rates on variable rate loans could go up, and that the house was collateral for the loan such that if the loan payments are not made the home is subject to foreclosure and repossession by the bank (which is what the bankers are hoping happens). In Michael Moore’s worldview, a goodly portion of the American people are ignorant, uneducated, clueless pinheads too stupid to realize the fundamental principle of a loan: you have to have collateral to secure the loan! No collateral, no loan. You say to the banker â€Å"I would like to take out a loan.† The banker says to you â€Å"what do you have for collateral?† What happened in the housing boom was that bankers relaxed their standards for what they would require for collateral (and income, assets, etc.) because (1) the government told them to do so and promised to cover their losses if it didn’t work out, and (2) they wanted to make more money; and borrowers wanted in on the cash cow that everyone was milking, from individual house flippers looking for a quick buck, to ordinary families wanting extra cash for remodeling, tuition, or whatever, to mortgage giants wanting corporate expansion. And all were driven by the same motive: greed! Yes, greed. Those evicted families knew perfectly well what they were doing when they freely chose to climb onto the housing bubble and take it for a ride. I have a much higher view of the American public than does Michael Moore. I don’t think the American people are so stupid or uneducated that they didn’t know what they were doing. This wasn’t rocket science. It was even on television, the ne plus ultra of pop culture! I well remember watching A E’s television series Flip This House, and reading all those magazine articles and get-rich-quick books on how to make a fortune in the real estate market, and thinking â€Å"wow, everyone’s getting rich except me; how can I get in on the action?† What I felt is, I’m sure, what lots of people felt. I looked into securing a second mortgage on my home in order to build a second home on an undeveloped portion of my hillside property, and then selling it to turn a tidy profit. Everyone was doing it. What could go wrong? Well, for starters I thought, what if it takes longer to build the home than I projected? We all know how slow construction projects can be. Could I make the payments on the second mortgage for an additional six months to a year? And what if I couldn’t sell that second home? Could I make the payments on the new loan indefinitely? What if my income decreased instead of increased, like it was at the time (and, subsequently, did †¦ dramatically!). And what would happen if I couldn’t make the payments? The answer was obvious, and it wasn’t in the fine print: I could lose my primary home. Forget that! Making a profit on a second home would be nice, but losing my first home would hurt well more than twice as much as making a profit on the second home would feel good. That’s a basic principle of risk aversion: losses hurt twice as much as gains feel good. Now, I’m not really a risk-averse guy (I gave up a secure career as a college professor for an insecure career as a writer and publisher), but even I could see the inherent risks involved when the home you live in could be taken away. My hillside remains sagebrush and wild grass. What about the people on the other end of the economic spectrum — the bankers and Wall Street moguls? Why aren’t they being evicted. Now, given that I’m a libertarian, you might expect me to come to the defense of Corporate America. Not so. Here I am in complete agreement with Michael Moore that, as I’ve been saying since the day it was first pronounced, â€Å"too big to fail† is the great myth of our time. None of these giant corporations — GM, AIG, Bank of America, Goldman Sachs, et al. — should have been bailed out. In fact, they should have been allowed to fail, their stocks go into the toilet, their employees tossed out on to the gilded streets of lower Manhattan, and their CEOs dispersed to work as greeting clerks at Walmart. They gambled and lost on all those securities, bundled securities, derivatives, credit default swaps, and other â€Å"financial tools† that I’ll bet not one in a hundred Wall Street experts actually understands. If you really believe in free enterprise, you must accept the freedom to lose everything on such gambles. These CEOs and their corporate lackeys are nothing more than welfare queens who adhere to the motto â€Å"in profits we’re capitalists, in losses we’re socialists.† Sorry guys, you can’t have it both ways without corrupting your morals, which you have, along with the politicians you’ve bribed, cajoled and otherwise coerced to your bidding. The solution? I have some suggestions of my own, but Michael Moore’s solution is beyond bizarre: replace capitalism with democracy. Uh? Replace an economic system with a political system? Even the à ¼ber liberal Bill Maher was baffled by that one when he hosted Moore on his HBO show. How does a democracy produce automobiles and computers and search engines? It doesn’t. It can’t. Capitalism: A Love Story, ends with a remarkable film clip that Moore discovered of President Franklin Roosevelt reading from his never proposed second Bill of Rights (he died shortly after and the document died with him). Included in the list are: The right to a useful and remunerative job in the industries or shops or farms or mines of the nation; The right to earn enough to provide adequate food and clothing and recreation; The right of every farmer to raise and sell his products at a return which will give him and his family a decent living; The right of every businessman, large and small, to trade in an atmosphere of freedom from unfair competition and domination by monopolies at home or abroad; The right of every family to a decent home; The right to adequate medical care and the opportunity to achieve and enjoy good health; The right to adequate protection from the economic fears of old age, sickness, accident, and unemployment; The right to a good education. That’s nice. To this list I would add a computer in every home with wireless Internet access. I’m sure we could all think of many more things â€Å"under which a new basis of security and prosperity can be established for all — regardless of station, race, or creed,† in Roosevelt’s words. But there is one question left unstated: Who is going to pay for it? If there is no capitalism, from where will the wealth be generated to pay for all these wonderful things? How much does a â€Å"decent† home costs these days, anyway? Do you see the inherent contradiction? Of course you do. So does Michael Moore, who elsewhere in the film longs for the good old days when the â€Å"rich† were taxed 90% of their earnings. So did Willie Sutton, who answered a similar question after being nabbed by the FBI during the Great Depression and asked by a reporter why he robs banks: â€Å"Because that’s where the money is.†

Economic Integration in the Globalised World

Economic Integration in the Globalised World An Introduction to the Global Economy Abstract With a view to considering the extent to which an increasingly global economy with more effective economic integration has been achieved, it is necessary for this essay to show an appreciation of the relevance of the principles of globalisation in this regard that have served to effect the way international economic law is developing. On this basis, it is considered to be of particular interest to show and appreciation of the World Trade Organizations position in view of the fact that it has sought to both regulate and enhance international trade relations between developed and developing countries. In addition, it will also be for this essays discussion to look to show a clear understanding of the fundamental issues raised due to the ever increasing levels of international trade between countries including how they should deal with concerns pertaining to this kind of trade. Therefore, this essay will not only deal with the issues of legality and regulation that are linked with the r ecognition of the principle of globalisation with a view to producing what is considered to be a truly global economy, but also provide for an evaluation of traditional understandings of nationality and how they are being dealt with regarding the development of international economic law. Moreover, it will also be shown how international economic law has moved towards dealing with issues of international trade including the prevalence of the principle of free trade and how countries are becoming increasingly intertwined on a commercial level with a view to ensuring consistency between nations. Finally, this essay will seek to conclude with a summary of the key points derived from this discussion with a view to recognising the increasing levels of economic integration achieved in the global economy. Introduction The concept of globalisation describes how regional cultures, societies, and economies have become integrated through an international trade network. Principles in this regard are commonly driven through factors of economic, technological, sociocultural, political, and biological combined although it is also related to the transnational circulation of ideas, languages, or popular culture. According to the United Nations Economic Social Commission for Western Asia, globalisation is a broad term that can be defined in a varied manner. However, when the concept of globalisation is used in the context of the economy, the related principles have referred to the barriers to trade being reduced and even removed across national borders to provide for a much greater flow of goods, capital, labour and services. Nevertheless, whilst globalisation is not a new phenomenon, the process, begun at the turn of the late nineteenth century, has seen its effectiveness slowed somewhat steadily from Wor ld War I until the end of the twentieth century. This development arose from the inward-looking policies pursued by many countries to protect numerous industries before globalisation increased rapidly again as relations between countries were made more certain leading to enhanced economic growth. Main Body The process of globalisation is commonly understood to be closely linked to developments in international trade in view of all individual countries need to generate sustainable economic growth to develop and maintain a standard of living for their people derived from the effective recognition of the need for effective economic integration within the global economy. However, the World Trade Organization has only actually been managing the international trade regime as part of the global economy in more contemporary times since the General Agreement on Tariffs Trade served to precede it. The General Agreement on Tariffs Trade was implemented as policy for the regulation of international trade between member states in relation to the regulation of international trade in 1948 amid what were recognised as significant inequalities of a post-colonial nature. As a result, this understanding of the law effectively served to embrace the view that there was a clear need to look to move forwar ds from a regime that was founded upon an agreement that constituted a significant shift in relations between countries regarding matters of multilateral trade within the global economy through effective economic integration. Nevertheless, in what was a move that may serve to emphasise continuity or the minimal nature of what has transpired from agreement to organisation, the World Trade Organization now includes within its scope a Preamble similar to what was found previously within the terms of the General Agreement on Tariffs Trade with a view to then better securing the developing worlds growth as part of the global economy. On this basis, it would seem that the World Trade Organization sought to consolidate a trend that begun from the moment that the system of international trade became fixated with non-tariff issues like human rights significance that served to create added pressure for consolidation leading to the need for an overarching institution to be developed that was similar to what the European Communities looked to propose with a Multilateral Trade Organization. However, the reality is that the development of the World Trade Organization arose in the form of a regulatory organisation as a significant response to the economic interdependence GATT had contributed to through the instigation of policies of corporate capitalism despite what have been recognised as non-tariff measures inhibitions. The World Trade Organization was put into place with a view to then looking to provide for the improvement of both the administration and function of the multilateral trading system under the previous remit provided for in this regard by the General Agreement on Tariffs Trade within the global economy through more effective economic integration. This was considered to be particularly true of the position that was achieved in developing and less developed countries so as to then provide for the guarantee of full employment and ‘real economic growth in the long-term for these countries within the global economy. The reason for this is largely because the financial conditions that have come to be recognised as being particularly prevalent in developed countries have improved substantially, whilst developing countries have unfortunately been left some way behind seemingly without awareness and sufficient redress due to the failure to effectively integrate these countries within th e global economy for their benefit. The reason for this is that, according to calculations undertaken by the International Monetary Fund, economies in developing countries will soon account for almost a hundred percent of the growth in levels of output internationally. Therefore, even assuming the United States of America and European economies return to what are their long-term economic growth paths, the International Monetary Fund still expects   developing countries markets will account for at least seventy percent of economic growth in the world until at least 2016. On this basis, in an effort to improve the position of developing countries, the World Trade Organization has looked to create dispute settlement panels for resolving disputes between nations pertaining in issues of international trade. Moreover, the World Trade Organization provides for the strict surveillance of adopted panel reports implementation and also the authorisation to retaliate against those nations tha t fail to accept such rulings with a view to limiting their impact upon the ongoing development of the global economy with effective economic integration. The framework that developed under the World Trade Organization regulatory mechanism sought to provide for the assurance that rules of international trade would then serve to keep up with the ongoing varied nature of the developing world economy. In addition, it was also believed that the World Trade Organization served to put into place the Multilateral and ‘Plurilateral Trade Agreements.These developments then better provided for the resolution of disputes in international trade before they then start by looking to oversee national trade policies and co-operating with other international institutions for the purpose of enhanced economic integration within the global economy.However, the academics that are working in this field of study have looked to embrace the idea moving from a regime previously based upon the General Agreement on Tariffs Trade was a significant achievement for relations with regard to multilateral trade.Therefore, the World Trade Organization arose as an international regulatory body in response to the significant level of economic interdependence General Agreement on Tariffs Trade had successfully contributed to through achievements in relation to matters of corporate capitalism despite their having still been inhibited by many measures labelled as non-tariff like the recognition of human rights norms despite the increasingly global nature of relations between countries. The reason for this it that the use of tariffs in international trade relations was supposed to provide for a means for one countrys problems to then be exported internationally to other countries around the world.Therefore, in an effort to countenance such measures foreign producers have looked to retaliate because, for example, with regards to the United States of Americas car industry it was estimated that the damage that had been caused by the Japanese stood at around $6.2 billion.As a result, the General Agreement on Tariffs Trade and then more latterly the World Trade Organizations development was intended to limit the need to deal with such problems by providing then providing countries involved in international trade with a forum for then being able to air any and all concerns that they may have with regards to problems relating to international trade relations in the making of such policies.Such an understanding of the value of these kinds of international regulatory bodies was then only further emphasised by former US President Harry Truman in an address given at Baylor University when he said that rather than adopting measures that could be considered to be somewhat harmful to others countries would look to negotiate in relation to matters of concern with a view to fairly resolving a dispute.Then, in somewhat similar regard, the then Director of the Office of Economic Affairs in the US, one Harry Hawkins, recognised that when a country suffers to its significant detriment economically, then its people are likely to be more willing to follow anyone who may promise them a better life.On this basis, it has come to be understood that conflicts in relation to matters of international trade are likely to breed a certain level of non-cooperation, suspicion, and bitterness that will not assist the development of effective relations between nations pertaining to principles of globalisation. In spite of this understanding of the importance of trading effectively in the wake of the recognition of the importance of principles of globalisation, although the World Trade Organization is a significant international economic institution its exact nature and scope is still heavily contested. The reason for this is that, with regard to the activities of the World Trade Organization in particular, it is now somewhat unclear as to why an international organisation is needed to be able to oversee countries individual international trade policies when it has been argued that free trade should be selected as a natural response so the unilateral ‘disarmament of trade barriers should occur spontaneously.In addition, the World Trade Organization has also been placed under constant scrutiny supported by the remit of the Atlantic Charter 1941 where it was determined that countries need to endeavour with respect for their existing obligations to further all countries enjoyment of equa l access to world trade and raw materials needed for their economic prosperity. This is because it is believed such an approach will then serve to bring about collaboration between all nations in the economic field with the object of then being able to secure improved labour standards, economic advancement, and social security.Therefore, since it is arguable that, by resolving one issue, other matters can then also be resolved for the benefit of individual countries so it is arguable the credibility of the World Trade Organization is then closely linked to the effectiveness of its dispute settlement mechanisms.The reason for this is that the World Trade Organizations methods of resolving disputes will be useless without the proper incentives to then back them up so as to guarantee their enforcement as a high priority. On this basis, it would seem that the World Trade Organizations rules in relation to international trade that have been developed have served to underpin the multilateral trading system that countries seek to trade within so that, from 1991, a significant source of disquiet has been the recognition that the World Trade Organizations success was still largely dependent upon national governments co-operation.Nevertheless, those World Trade Organization Member States that have used the World Trade Organizations procedures have been found to be generally satisfied with the system that has been used for strengthening the credibility and predictability of the multilateral trading system to better improve all countries economic positions.However, most World Trade Organization Member States are developing countries with usually neither the financial means nor the expertise to protect their rights so that, even where they receive a favourable report, they have no effective means for enforcing its recommendations.In addition, it is also necessary for World Trade Organization Member States to respect certain principles in relation to the determining of solutions to their disputesso if one of the parties was unwilling to hold consultations this would violate their obligations in relation to forming relationships for bringing about an increase in international trade leading to greater economic growth. By way of illustration, if a party adopts a negotiating position â€Å"without contemplating any modification of it†,this would then serve to violate Articles 4.1 and 4.2 of the World Trade Organization Dispute Settlement Understanding.The reason for this is that they fail to account for the opinions of the other party and this would then be considered to be contrary to the overall aims of the dispute settlement procedure. With this in mind, developing countries have sought to bring about the implementation of ‘special rules to then help them with the process of dispute resolutionso as to then better account for their abilities to trade internationally.However, arguably the most significant change has arisen with regards to the introduction of the World Trade Organization in the wake of the previously instigated General Agreement on Tariffs Trade system of international trade regulation that sought to ensure decisions in relation to disputes that are not dependent upon the individual parties economic strength. Nevertheless, the expertise needed to advocate a particular claim before the World Trade Organization is still often lacking due to a fear of the large costs that are involved with seeking appropriate legal advice and the collection of technical, economic, scientific, and other data as supporting evidence for these purposes.In addition, even where such countries will willingly accept the c osts that are involved with seeking appropriate legal advice, developing countries must still look to deal with the enforcement of the decisions of dispute resolution panels. However, although retaliation may not be an effective policy in seeking to resolve issues pertaining to international trade, such a problem is nothing new and neither are the proposed solutions with damages suggested along with joint or collective retaliation as opposed to more unilateral action that could be perceived of as being somewhat negative and antagonistic ultimately in its effects. Problems have, however, arisen from out of the fact that economic powers in the more developed and industrialised world like the United States of America and the United Kingdom have proved to be somewhat unwilling to support the forms of international trade that both developing and less developed countries are forced to use in the policies that they have developed. As has already been stated as part of this essays discussion, free trade is a type of international trading policy that serves to allow international traders to carry out transactions with with one another without then also being concerned about any potential interference from national governments with a view to then deriving mutual benefits from both goods and services that are then traded in keeping with the understanding of comparative advantage. Therefore, the prices that have been recognised in this regard under a policy of free trade are determined as being part of such a policy to be able to then reflect true supply and demand principles that are the sole determinants of resource allocation.This is, however, somewhat different from other international trading policies where goods and services allocation among countries are determined on the basis of the use of more artificial prices that have been derived from protectionist trade policies because of a national governments intervention that only increases the costs involved.Principles of free trades understanding was then only further emphasised arguably by the fact national government interventions generally include tariffs and non-tariff barriers as well as inter-government managed trade agreements such as the North American Free Trade Agreement that otherwise restrict free trade principles between countries involved in international trade.This is reflective of the fact, therefore, that most countries conduct some policy of international trade that is at least to some degree protectionist in nature regarding, for example, agricultural subsidi es in particular due to the importance of farmed food. That this stance has proved to be so significant in relation to international trade is marked by the fact that the adoption of a free trade policy may actually serve to increase poverty in a given nation by all too often contravening human rights norms as they are usually understood in the much more developed and industrialised west.Nevertheless, there is still a need to show an understanding of the fact that, historically, the majority of the most prosperous civilisations ever to have existed have involved themselves in some form of free trade policy believing that this was the main reason why many of these civilizations achieved prosperity.For example, academics have recognised that increased trading between countries throughout history was fundamental for achieving economic prosperity in Ancient Egypt, Greece, and Rome amongst othersThe importance of free trade principles were then only further emphasised between the 19th and well into the 20th century for many industrialised stat es now,whilst it was also believed that the adoption of policies of international free trade would serve to promote peace.John Maynard Keynes for one argued that this underpinned his criticism of the Treaty of Versailles in 1919 for the damage it had done to the European economy at the end of World War I.This understanding was then only further affirmed for Keynes, after a brief flirtation with protectionism in the early 1930s, when he once again looked to favour principles of free trade combined with internationally coordinated domestic economic policies to promote high levels of employment and international economic institutions. Such an approach was then only further reflected by the fact that â€Å"From 1820 to 1980, the average tariffs on manufacturers in twelve industrial countries ranged from 11 to 32%† whilst â€Å"In the developing world, average tariffs . . . are approximately 34%† to effectively repress the entry of products onto the international market from these countries.However, it has also since come to be believed that the higher tariffs that are utilised by developing countries may be justified because the productivity gap that has been recognised with developed countries is much higher than that which exists between developed countries alone.Therefore, whilst it is arguable that tariffs should serve to enhance infant industries in developing countries in particular (although also in developed countries), these tariffs need to be sufficiently great in scope to be able to then allow goods that are manufactured domestically to compete under the import substitution industrialisatio n theory where an individual nation seeks to reduce its dependence on foreign goods through the production of more goods domestically.At the same time, however, there is a need   to recognise that such a theory has proved somewhat ineffective for more developing countries. The reason for this is that it has long been recognised that export-oriented industrialisation policies correlate with higher economic growth founded upon theory and the observational study of correlations so they then suffer from a number of weaknesses including the size of sample.In addition those factors that are ingrained in socialism have frequently opposed the recognition and use of free trade policies in international trade since they have served to permit workers to then have maximum exploitation. Such a view was then only further supported by the fact that, in a lecture given to the World Trade Organization in 2007, Jagdish Bhagwati recognised that the growing use and development of new forms of innovative technology for the purposes of enhanced communication was likely to place up to 40 million jobs at risk in the US alone within a short period of just twenty years so that there is now a need for more stringent protection for displaced workers and improved systems of education. Loss of opportunities to work is not the only problem, however. This is because international free trade agreements have served to seriously undermine peoples international human right to adequate food when they should be able to seek redress for this under Article 11 of the International Covenant on Economic, Social, Cultural Rights 1966 as part of an individuals right to seek a sufficient standard of living for both themselves and their family. However, whilst states parties must look to take steps appropriately to guarantee the realisation of this right to food, the implementation of such a right has proved practically somewhat flawed due to the need for the development of an alternative strategy meaning the production and distribution of food should be removed from international trade agreements because of its universal importance to all people. Such a view is then only further emphasised by the fact that academics including Thomas Pogge have recognised that millions of people could have had their lives saved had more developed countries permitted international institutions to satisfy even the most basic idea of fairness in international trade because the World Trade Organizations remit has been slanted with a view to emphasising the interests of richer countries over and above those of the developing world. By way of illustration, the World Trade Organization has permitted more developed countries to be able to maintain higher tariffs against developing countries, whilst h ypocritically requiring them to dismantle their own systems of protectionism regarding the implementation of barriers to international trade. Therefore, although Pogge may claim not to be against the recognition of the importance of inter-related principles of free trade and globalisation, Pogge has complained against the World Trade Organization because of the fact that it fails to open markets involved with international trade enough so that the benefits of free trade have proved to be somewhat limited, whilst they have also been particularly withheld from those who are impoverished living in developing countries. That such a view has arisen is largely derived from the fact that the growing global recognition of free trade principles has served to magnify the recognised complications that are involved with accountability across the corporate divide that clearly distinguishes the position in developed and developing countries. Significant efforts have, however, also been made to enhance free trade systems accountability internationally through (i) participating in international institutions governing trade; (ii) domestic litigation asserting rights against corporations operating in different countries operating abroad; and (iii) the promotion of principles of corporate social responsibility. For example, a number of major interest groups in the are of international trade including the International Labour Rights Forum have sought to implement reforms supranationally to permit greater public participation in international trade institutions like the World Trade Organization to better resolving disputes pertaining to international trade. Moreover, organisations with a more non-governmental scope in this regard have also sought to encourage the World Trade Organization to be more responsive to human rights issues as opposed to just those matters that are specifically involved with international trade through policies of greater consultation and cooperation. However, matters have not been helped by the World Trade Organizations decision to use its discretion regarding whether to accept public interest submissions meaning they are rarely reviewed in the way they should regarding human rights issues although interest groups in this area remain undaunted. The somewhat marginal nature of such efforts have, however, also served to highlight the World Trade Organizations power and insularity, whilst also bringing into sharp relief the problems with how international trade policy has been determined. Efforts that have been made in relation to international law in this area has also sought to promote corporate accountability in developing countries by extending the remit of national legislation such as that which is found in the US in the form of the Alien Tort Statute 2000. As a result, the International Labour Rights Forum has also looked to spearhead a test case of some significance that looked to attack international corporate action on the basis of allegations that the Union Oil Company of California had permitted the Burma government to perpetrate acts of forced labour, torture, and other abuses that serve to contravene international human rights recognition. Nevertheless, labour abuses that transpire that are of a more traditional n ature may not fall within the scope of the universally accepted international law violations that are required by the United States Supreme Court according to its decision in Sosa v. Alvarez-Machain. This is because it was recognised by the court that there is a need for any claim that is founded upon the contemporary understanding of the law of nations to rest upon showing an appreciation of norms of international character commonly accepted by the civilised world. As a result, labour groups have looked to more obliquely consider matters related to international human recognition by looking to focus upon allegations of egregious abuse against labour activists in view of the fact that most recent International Labour Rights Forum-led cases have spotlighted the torture and murder of union organisers in Latin American-United States subsidiaries as a particular concern. Free trade is not the only area of concern, however. This is because the United States of America, for one, has traditionally looked to make it clear that it is not a supporter of ‘countertrade involving developing nations broadly considered as being founded upon the exchange in goods without the use of money and with a maximum feasible reduction of social, cultural, political, or personal transaction costs. The reason for this is then only further supported by the fact that the American government generally looks upon the concept ofcountertrade as being contrary to an open, free trading system not really in the best long-term interests of the business community domestically although, as a matter of policy, the government would not oppose domestic companies participation in countertrade arrangements unless they would negatively impact upon national security. This is a particularly important point because it has been recognised that the adoption of such a stance could serve to have more than a little to do with the perceived threat to national security that is not without its foundations. For example, in 2004, an international trade agreement was reached on a five-year co-operation programme between Turkmenistan and Russia, whereby Turkmenistan would supply Russia with unspecified amounts of natural gas in exchange for upgrading its existing Soviet-era weaponry so that the United States of Americas government has long looked to impose trading sanctions on these countries to restrict the flow of imported goods to make countertrade much more difficult. At the same time, however, there is now also a need to look to account for the ongoing effects of the world financial crisis that transpired just a few short years ago since   it is crucial any recovery from the crisis has the same global reach touching all countries and not just those with the least resources that are from developing countries. This is because the ongoing impact of the economic crisis served to affect the state of affairs in developing countries through declining private financial flows, trade, and remittances that have proved detrimental to both their economic and social prosperity. As a result, by the end of 2009, developing countries were believed to have lost incomes that total at least $750 billion between them as a reflection of current failings in relations between nations pertaining to international trade. Such figures are, however, in reality just a slight reflection of the overall problems that have been recognised in developing countries because the cos t of resolving the world financial crisis has come to $11.9 trillion. Additionally, some significant human consequences arose including increasing levels of unemployment, poverty and hunger with an additional 50 million people that are now trapped in a state of absolute poverty that it seems that they will never be able to get out of. This is because speculative nature of companies and financial institutions in the developed world had a significant detrimental impact upon economic prosperity in developing countries because a lot of the problems with financial services still being experienced in the world today are founded on the United States of Americas sub-prime mortgage financial crisis. Matters came to a head in 2007 when Paribas reported it was impossible for it to value some of the securities it had purchased since, collectively, all financial services then felt they did not know enough about the solvency of one another for lending on the inter-bank market as they looked to ce ntral banks to provide the liquidity needed to replace what was no longer available. With a view to then resolving such problems in keeping with principles that have been recognised in relation to matters of globalisation between nations, a key question that needs to be answered is that of how developing countries can look to matters of commerce and financial services for better resolving issues of concern that are derived from the effects of the current global financial crisis. In this regard, it has been recognised that far too many poor countries have been in something tantamount to a state of denial about the effects of the global economic crisis because it has been suggested that developing countries are not well positioned to gain from any efforts made at achieving a global recovery. On this basis, there is a need for a new trade package to be developed to then focus upon preventing protectionism in l Economic Integration in the Globalised World Economic Integration in the Globalised World An Introduction to the Global Economy Abstract With a view to considering the extent to which an increasingly global economy with more effective economic integration has been achieved, it is necessary for this essay to show an appreciation of the relevance of the principles of globalisation in this regard that have served to effect the way international economic law is developing. On this basis, it is considered to be of particular interest to show and appreciation of the World Trade Organizations position in view of the fact that it has sought to both regulate and enhance international trade relations between developed and developing countries. In addition, it will also be for this essays discussion to look to show a clear understanding of the fundamental issues raised due to the ever increasing levels of international trade between countries including how they should deal with concerns pertaining to this kind of trade. Therefore, this essay will not only deal with the issues of legality and regulation that are linked with the r ecognition of the principle of globalisation with a view to producing what is considered to be a truly global economy, but also provide for an evaluation of traditional understandings of nationality and how they are being dealt with regarding the development of international economic law. Moreover, it will also be shown how international economic law has moved towards dealing with issues of international trade including the prevalence of the principle of free trade and how countries are becoming increasingly intertwined on a commercial level with a view to ensuring consistency between nations. Finally, this essay will seek to conclude with a summary of the key points derived from this discussion with a view to recognising the increasing levels of economic integration achieved in the global economy. Introduction The concept of globalisation describes how regional cultures, societies, and economies have become integrated through an international trade network. Principles in this regard are commonly driven through factors of economic, technological, sociocultural, political, and biological combined although it is also related to the transnational circulation of ideas, languages, or popular culture. According to the United Nations Economic Social Commission for Western Asia, globalisation is a broad term that can be defined in a varied manner. However, when the concept of globalisation is used in the context of the economy, the related principles have referred to the barriers to trade being reduced and even removed across national borders to provide for a much greater flow of goods, capital, labour and services. Nevertheless, whilst globalisation is not a new phenomenon, the process, begun at the turn of the late nineteenth century, has seen its effectiveness slowed somewhat steadily from Wor ld War I until the end of the twentieth century. This development arose from the inward-looking policies pursued by many countries to protect numerous industries before globalisation increased rapidly again as relations between countries were made more certain leading to enhanced economic growth. Main Body The process of globalisation is commonly understood to be closely linked to developments in international trade in view of all individual countries need to generate sustainable economic growth to develop and maintain a standard of living for their people derived from the effective recognition of the need for effective economic integration within the global economy. However, the World Trade Organization has only actually been managing the international trade regime as part of the global economy in more contemporary times since the General Agreement on Tariffs Trade served to precede it. The General Agreement on Tariffs Trade was implemented as policy for the regulation of international trade between member states in relation to the regulation of international trade in 1948 amid what were recognised as significant inequalities of a post-colonial nature. As a result, this understanding of the law effectively served to embrace the view that there was a clear need to look to move forwar ds from a regime that was founded upon an agreement that constituted a significant shift in relations between countries regarding matters of multilateral trade within the global economy through effective economic integration. Nevertheless, in what was a move that may serve to emphasise continuity or the minimal nature of what has transpired from agreement to organisation, the World Trade Organization now includes within its scope a Preamble similar to what was found previously within the terms of the General Agreement on Tariffs Trade with a view to then better securing the developing worlds growth as part of the global economy. On this basis, it would seem that the World Trade Organization sought to consolidate a trend that begun from the moment that the system of international trade became fixated with non-tariff issues like human rights significance that served to create added pressure for consolidation leading to the need for an overarching institution to be developed that was similar to what the European Communities looked to propose with a Multilateral Trade Organization. However, the reality is that the development of the World Trade Organization arose in the form of a regulatory organisation as a significant response to the economic interdependence GATT had contributed to through the instigation of policies of corporate capitalism despite what have been recognised as non-tariff measures inhibitions. The World Trade Organization was put into place with a view to then looking to provide for the improvement of both the administration and function of the multilateral trading system under the previous remit provided for in this regard by the General Agreement on Tariffs Trade within the global economy through more effective economic integration. This was considered to be particularly true of the position that was achieved in developing and less developed countries so as to then provide for the guarantee of full employment and ‘real economic growth in the long-term for these countries within the global economy. The reason for this is largely because the financial conditions that have come to be recognised as being particularly prevalent in developed countries have improved substantially, whilst developing countries have unfortunately been left some way behind seemingly without awareness and sufficient redress due to the failure to effectively integrate these countries within th e global economy for their benefit. The reason for this is that, according to calculations undertaken by the International Monetary Fund, economies in developing countries will soon account for almost a hundred percent of the growth in levels of output internationally. Therefore, even assuming the United States of America and European economies return to what are their long-term economic growth paths, the International Monetary Fund still expects   developing countries markets will account for at least seventy percent of economic growth in the world until at least 2016. On this basis, in an effort to improve the position of developing countries, the World Trade Organization has looked to create dispute settlement panels for resolving disputes between nations pertaining in issues of international trade. Moreover, the World Trade Organization provides for the strict surveillance of adopted panel reports implementation and also the authorisation to retaliate against those nations tha t fail to accept such rulings with a view to limiting their impact upon the ongoing development of the global economy with effective economic integration. The framework that developed under the World Trade Organization regulatory mechanism sought to provide for the assurance that rules of international trade would then serve to keep up with the ongoing varied nature of the developing world economy. In addition, it was also believed that the World Trade Organization served to put into place the Multilateral and ‘Plurilateral Trade Agreements.These developments then better provided for the resolution of disputes in international trade before they then start by looking to oversee national trade policies and co-operating with other international institutions for the purpose of enhanced economic integration within the global economy.However, the academics that are working in this field of study have looked to embrace the idea moving from a regime previously based upon the General Agreement on Tariffs Trade was a significant achievement for relations with regard to multilateral trade.Therefore, the World Trade Organization arose as an international regulatory body in response to the significant level of economic interdependence General Agreement on Tariffs Trade had successfully contributed to through achievements in relation to matters of corporate capitalism despite their having still been inhibited by many measures labelled as non-tariff like the recognition of human rights norms despite the increasingly global nature of relations between countries. The reason for this it that the use of tariffs in international trade relations was supposed to provide for a means for one countrys problems to then be exported internationally to other countries around the world.Therefore, in an effort to countenance such measures foreign producers have looked to retaliate because, for example, with regards to the United States of Americas car industry it was estimated that the damage that had been caused by the Japanese stood at around $6.2 billion.As a result, the General Agreement on Tariffs Trade and then more latterly the World Trade Organizations development was intended to limit the need to deal with such problems by providing then providing countries involved in international trade with a forum for then being able to air any and all concerns that they may have with regards to problems relating to international trade relations in the making of such policies.Such an understanding of the value of these kinds of international regulatory bodies was then only further emphasised by former US President Harry Truman in an address given at Baylor University when he said that rather than adopting measures that could be considered to be somewhat harmful to others countries would look to negotiate in relation to matters of concern with a view to fairly resolving a dispute.Then, in somewhat similar regard, the then Director of the Office of Economic Affairs in the US, one Harry Hawkins, recognised that when a country suffers to its significant detriment economically, then its people are likely to be more willing to follow anyone who may promise them a better life.On this basis, it has come to be understood that conflicts in relation to matters of international trade are likely to breed a certain level of non-cooperation, suspicion, and bitterness that will not assist the development of effective relations between nations pertaining to principles of globalisation. In spite of this understanding of the importance of trading effectively in the wake of the recognition of the importance of principles of globalisation, although the World Trade Organization is a significant international economic institution its exact nature and scope is still heavily contested. The reason for this is that, with regard to the activities of the World Trade Organization in particular, it is now somewhat unclear as to why an international organisation is needed to be able to oversee countries individual international trade policies when it has been argued that free trade should be selected as a natural response so the unilateral ‘disarmament of trade barriers should occur spontaneously.In addition, the World Trade Organization has also been placed under constant scrutiny supported by the remit of the Atlantic Charter 1941 where it was determined that countries need to endeavour with respect for their existing obligations to further all countries enjoyment of equa l access to world trade and raw materials needed for their economic prosperity. This is because it is believed such an approach will then serve to bring about collaboration between all nations in the economic field with the object of then being able to secure improved labour standards, economic advancement, and social security.Therefore, since it is arguable that, by resolving one issue, other matters can then also be resolved for the benefit of individual countries so it is arguable the credibility of the World Trade Organization is then closely linked to the effectiveness of its dispute settlement mechanisms.The reason for this is that the World Trade Organizations methods of resolving disputes will be useless without the proper incentives to then back them up so as to guarantee their enforcement as a high priority. On this basis, it would seem that the World Trade Organizations rules in relation to international trade that have been developed have served to underpin the multilateral trading system that countries seek to trade within so that, from 1991, a significant source of disquiet has been the recognition that the World Trade Organizations success was still largely dependent upon national governments co-operation.Nevertheless, those World Trade Organization Member States that have used the World Trade Organizations procedures have been found to be generally satisfied with the system that has been used for strengthening the credibility and predictability of the multilateral trading system to better improve all countries economic positions.However, most World Trade Organization Member States are developing countries with usually neither the financial means nor the expertise to protect their rights so that, even where they receive a favourable report, they have no effective means for enforcing its recommendations.In addition, it is also necessary for World Trade Organization Member States to respect certain principles in relation to the determining of solutions to their disputesso if one of the parties was unwilling to hold consultations this would violate their obligations in relation to forming relationships for bringing about an increase in international trade leading to greater economic growth. By way of illustration, if a party adopts a negotiating position â€Å"without contemplating any modification of it†,this would then serve to violate Articles 4.1 and 4.2 of the World Trade Organization Dispute Settlement Understanding.The reason for this is that they fail to account for the opinions of the other party and this would then be considered to be contrary to the overall aims of the dispute settlement procedure. With this in mind, developing countries have sought to bring about the implementation of ‘special rules to then help them with the process of dispute resolutionso as to then better account for their abilities to trade internationally.However, arguably the most significant change has arisen with regards to the introduction of the World Trade Organization in the wake of the previously instigated General Agreement on Tariffs Trade system of international trade regulation that sought to ensure decisions in relation to disputes that are not dependent upon the individual parties economic strength. Nevertheless, the expertise needed to advocate a particular claim before the World Trade Organization is still often lacking due to a fear of the large costs that are involved with seeking appropriate legal advice and the collection of technical, economic, scientific, and other data as supporting evidence for these purposes.In addition, even where such countries will willingly accept the c osts that are involved with seeking appropriate legal advice, developing countries must still look to deal with the enforcement of the decisions of dispute resolution panels. However, although retaliation may not be an effective policy in seeking to resolve issues pertaining to international trade, such a problem is nothing new and neither are the proposed solutions with damages suggested along with joint or collective retaliation as opposed to more unilateral action that could be perceived of as being somewhat negative and antagonistic ultimately in its effects. Problems have, however, arisen from out of the fact that economic powers in the more developed and industrialised world like the United States of America and the United Kingdom have proved to be somewhat unwilling to support the forms of international trade that both developing and less developed countries are forced to use in the policies that they have developed. As has already been stated as part of this essays discussion, free trade is a type of international trading policy that serves to allow international traders to carry out transactions with with one another without then also being concerned about any potential interference from national governments with a view to then deriving mutual benefits from both goods and services that are then traded in keeping with the understanding of comparative advantage. Therefore, the prices that have been recognised in this regard under a policy of free trade are determined as being part of such a policy to be able to then reflect true supply and demand principles that are the sole determinants of resource allocation.This is, however, somewhat different from other international trading policies where goods and services allocation among countries are determined on the basis of the use of more artificial prices that have been derived from protectionist trade policies because of a national governments intervention that only increases the costs involved.Principles of free trades understanding was then only further emphasised arguably by the fact national government interventions generally include tariffs and non-tariff barriers as well as inter-government managed trade agreements such as the North American Free Trade Agreement that otherwise restrict free trade principles between countries involved in international trade.This is reflective of the fact, therefore, that most countries conduct some policy of international trade that is at least to some degree protectionist in nature regarding, for example, agricultural subsidi es in particular due to the importance of farmed food. That this stance has proved to be so significant in relation to international trade is marked by the fact that the adoption of a free trade policy may actually serve to increase poverty in a given nation by all too often contravening human rights norms as they are usually understood in the much more developed and industrialised west.Nevertheless, there is still a need to show an understanding of the fact that, historically, the majority of the most prosperous civilisations ever to have existed have involved themselves in some form of free trade policy believing that this was the main reason why many of these civilizations achieved prosperity.For example, academics have recognised that increased trading between countries throughout history was fundamental for achieving economic prosperity in Ancient Egypt, Greece, and Rome amongst othersThe importance of free trade principles were then only further emphasised between the 19th and well into the 20th century for many industrialised stat es now,whilst it was also believed that the adoption of policies of international free trade would serve to promote peace.John Maynard Keynes for one argued that this underpinned his criticism of the Treaty of Versailles in 1919 for the damage it had done to the European economy at the end of World War I.This understanding was then only further affirmed for Keynes, after a brief flirtation with protectionism in the early 1930s, when he once again looked to favour principles of free trade combined with internationally coordinated domestic economic policies to promote high levels of employment and international economic institutions. Such an approach was then only further reflected by the fact that â€Å"From 1820 to 1980, the average tariffs on manufacturers in twelve industrial countries ranged from 11 to 32%† whilst â€Å"In the developing world, average tariffs . . . are approximately 34%† to effectively repress the entry of products onto the international market from these countries.However, it has also since come to be believed that the higher tariffs that are utilised by developing countries may be justified because the productivity gap that has been recognised with developed countries is much higher than that which exists between developed countries alone.Therefore, whilst it is arguable that tariffs should serve to enhance infant industries in developing countries in particular (although also in developed countries), these tariffs need to be sufficiently great in scope to be able to then allow goods that are manufactured domestically to compete under the import substitution industrialisatio n theory where an individual nation seeks to reduce its dependence on foreign goods through the production of more goods domestically.At the same time, however, there is a need   to recognise that such a theory has proved somewhat ineffective for more developing countries. The reason for this is that it has long been recognised that export-oriented industrialisation policies correlate with higher economic growth founded upon theory and the observational study of correlations so they then suffer from a number of weaknesses including the size of sample.In addition those factors that are ingrained in socialism have frequently opposed the recognition and use of free trade policies in international trade since they have served to permit workers to then have maximum exploitation. Such a view was then only further supported by the fact that, in a lecture given to the World Trade Organization in 2007, Jagdish Bhagwati recognised that the growing use and development of new forms of innovative technology for the purposes of enhanced communication was likely to place up to 40 million jobs at risk in the US alone within a short period of just twenty years so that there is now a need for more stringent protection for displaced workers and improved systems of education. Loss of opportunities to work is not the only problem, however. This is because international free trade agreements have served to seriously undermine peoples international human right to adequate food when they should be able to seek redress for this under Article 11 of the International Covenant on Economic, Social, Cultural Rights 1966 as part of an individuals right to seek a sufficient standard of living for both themselves and their family. However, whilst states parties must look to take steps appropriately to guarantee the realisation of this right to food, the implementation of such a right has proved practically somewhat flawed due to the need for the development of an alternative strategy meaning the production and distribution of food should be removed from international trade agreements because of its universal importance to all people. Such a view is then only further emphasised by the fact that academics including Thomas Pogge have recognised that millions of people could have had their lives saved had more developed countries permitted international institutions to satisfy even the most basic idea of fairness in international trade because the World Trade Organizations remit has been slanted with a view to emphasising the interests of richer countries over and above those of the developing world. By way of illustration, the World Trade Organization has permitted more developed countries to be able to maintain higher tariffs against developing countries, whilst h ypocritically requiring them to dismantle their own systems of protectionism regarding the implementation of barriers to international trade. Therefore, although Pogge may claim not to be against the recognition of the importance of inter-related principles of free trade and globalisation, Pogge has complained against the World Trade Organization because of the fact that it fails to open markets involved with international trade enough so that the benefits of free trade have proved to be somewhat limited, whilst they have also been particularly withheld from those who are impoverished living in developing countries. That such a view has arisen is largely derived from the fact that the growing global recognition of free trade principles has served to magnify the recognised complications that are involved with accountability across the corporate divide that clearly distinguishes the position in developed and developing countries. Significant efforts have, however, also been made to enhance free trade systems accountability internationally through (i) participating in international institutions governing trade; (ii) domestic litigation asserting rights against corporations operating in different countries operating abroad; and (iii) the promotion of principles of corporate social responsibility. For example, a number of major interest groups in the are of international trade including the International Labour Rights Forum have sought to implement reforms supranationally to permit greater public participation in international trade institutions like the World Trade Organization to better resolving disputes pertaining to international trade. Moreover, organisations with a more non-governmental scope in this regard have also sought to encourage the World Trade Organization to be more responsive to human rights issues as opposed to just those matters that are specifically involved with international trade through policies of greater consultation and cooperation. However, matters have not been helped by the World Trade Organizations decision to use its discretion regarding whether to accept public interest submissions meaning they are rarely reviewed in the way they should regarding human rights issues although interest groups in this area remain undaunted. The somewhat marginal nature of such efforts have, however, also served to highlight the World Trade Organizations power and insularity, whilst also bringing into sharp relief the problems with how international trade policy has been determined. Efforts that have been made in relation to international law in this area has also sought to promote corporate accountability in developing countries by extending the remit of national legislation such as that which is found in the US in the form of the Alien Tort Statute 2000. As a result, the International Labour Rights Forum has also looked to spearhead a test case of some significance that looked to attack international corporate action on the basis of allegations that the Union Oil Company of California had permitted the Burma government to perpetrate acts of forced labour, torture, and other abuses that serve to contravene international human rights recognition. Nevertheless, labour abuses that transpire that are of a more traditional n ature may not fall within the scope of the universally accepted international law violations that are required by the United States Supreme Court according to its decision in Sosa v. Alvarez-Machain. This is because it was recognised by the court that there is a need for any claim that is founded upon the contemporary understanding of the law of nations to rest upon showing an appreciation of norms of international character commonly accepted by the civilised world. As a result, labour groups have looked to more obliquely consider matters related to international human recognition by looking to focus upon allegations of egregious abuse against labour activists in view of the fact that most recent International Labour Rights Forum-led cases have spotlighted the torture and murder of union organisers in Latin American-United States subsidiaries as a particular concern. Free trade is not the only area of concern, however. This is because the United States of America, for one, has traditionally looked to make it clear that it is not a supporter of ‘countertrade involving developing nations broadly considered as being founded upon the exchange in goods without the use of money and with a maximum feasible reduction of social, cultural, political, or personal transaction costs. The reason for this is then only further supported by the fact that the American government generally looks upon the concept ofcountertrade as being contrary to an open, free trading system not really in the best long-term interests of the business community domestically although, as a matter of policy, the government would not oppose domestic companies participation in countertrade arrangements unless they would negatively impact upon national security. This is a particularly important point because it has been recognised that the adoption of such a stance could serve to have more than a little to do with the perceived threat to national security that is not without its foundations. For example, in 2004, an international trade agreement was reached on a five-year co-operation programme between Turkmenistan and Russia, whereby Turkmenistan would supply Russia with unspecified amounts of natural gas in exchange for upgrading its existing Soviet-era weaponry so that the United States of Americas government has long looked to impose trading sanctions on these countries to restrict the flow of imported goods to make countertrade much more difficult. At the same time, however, there is now also a need to look to account for the ongoing effects of the world financial crisis that transpired just a few short years ago since   it is crucial any recovery from the crisis has the same global reach touching all countries and not just those with the least resources that are from developing countries. This is because the ongoing impact of the economic crisis served to affect the state of affairs in developing countries through declining private financial flows, trade, and remittances that have proved detrimental to both their economic and social prosperity. As a result, by the end of 2009, developing countries were believed to have lost incomes that total at least $750 billion between them as a reflection of current failings in relations between nations pertaining to international trade. Such figures are, however, in reality just a slight reflection of the overall problems that have been recognised in developing countries because the cos t of resolving the world financial crisis has come to $11.9 trillion. Additionally, some significant human consequences arose including increasing levels of unemployment, poverty and hunger with an additional 50 million people that are now trapped in a state of absolute poverty that it seems that they will never be able to get out of. This is because speculative nature of companies and financial institutions in the developed world had a significant detrimental impact upon economic prosperity in developing countries because a lot of the problems with financial services still being experienced in the world today are founded on the United States of Americas sub-prime mortgage financial crisis. Matters came to a head in 2007 when Paribas reported it was impossible for it to value some of the securities it had purchased since, collectively, all financial services then felt they did not know enough about the solvency of one another for lending on the inter-bank market as they looked to ce ntral banks to provide the liquidity needed to replace what was no longer available. With a view to then resolving such problems in keeping with principles that have been recognised in relation to matters of globalisation between nations, a key question that needs to be answered is that of how developing countries can look to matters of commerce and financial services for better resolving issues of concern that are derived from the effects of the current global financial crisis. In this regard, it has been recognised that far too many poor countries have been in something tantamount to a state of denial about the effects of the global economic crisis because it has been suggested that developing countries are not well positioned to gain from any efforts made at achieving a global recovery. On this basis, there is a need for a new trade package to be developed to then focus upon preventing protectionism in l

Ignorance, Greed, and the American Media Essay -- essays research pape

Ignorance, Greed, and the American Media â€Å"God damn it, an entire generation pumping gas, waiting tables... slaves with white collars. Advertising has its taste in cars and clothes, working jobs we hate so we can buy shit we don't need. We're the middle children of history, no purpose or place. We have no Great War. No great depression. Our Great War is a spiritual war†¦ Our great depression is our lives. We've all been raised on television to believe that one day we'd be millionaires, movie gods, and rock stars. But we won't. We're slowly learning that fact. And we're very, VERY PISSED OFF.† This is a quote from the character of Tyler Durden in the 1999 movie Fight Club. This quote is an intricate summary of the current generation of twenty/thirty-something-year-olds. It highlights the fact that this generation was â€Å"raised on television† and one the film’s main themes is how the misuse of media has corrupted the minds of those it influenced beyond repair. And the worst part? It’s all true†¦ The media world today is a strange one. Why are there so few political or current affairs themed programmes on our television screens? Why are the so many American comedies on our screens? Why is it so hard to find a balanced, unbiased news report on the â€Å"war† in Iraq? When John Reith founded the BBC in 1922, as director general, he developed strong ideas about educational and cultural public service responsibilities of a national radio service. He based his ideas on Plato’s philosophy that if you allow the human soul to come into contact with the Good, the True and the Beautiful, the soul will respond. His three aims were to inform, to educate and to entertain. What became of his admirable ideology? Why is it that the main use of media now is seemingly entertainment? Could it be argued that the current misuse of media power is the result of private media ownership? If a businessperson owned a large media empire, would they have any moral concern if their media had a negative effect on society, as long as they were making money? Surely, a government would have a far greater concern for how the generation of tomorrow was affected by the media. If the government were to control the media, couldn’t they mould the current youth into fine and upstanding citizens of the future? But what if the media businessperson somehow gained more influence than the government? What if ... ...Michael (2003) â€Å"Dude, Where’s My Country?† Britain: Penguin Books Gorman, L. & McLean, D. (2003) â€Å"Media and society in the twentieth century: a historical introduction† Britain: Blackwell Publications Films David Fincher (1999) â€Å"Fight Club† US: 20th Century Fox Moore, Michael (2004) â€Å"Fahrenheit 9/11† US: Optimum Releasing Ltd. Websites Stille, Alexander (1999) â€Å"Emperor of the Air† http://www.thenation.com/doc.mhtml%3Fi=19991129&s=stille The Columbia Electronic Encyclopedia, 6th ed. Copyright  © 2004, Columbia University Press â€Å"Ted Turner† http://www.infoplease.com/ce6/people/A0849757.html Shawcross,William (1999) â€Å"Rupert Murdoch† http://www.time.com/time/magazine/intl/article/0,9171,1107991025-33716,00.html Patsuris, Penelope (2001) â€Å"Forbes Face: Rupert Murdoch† http://www.forbes.com/2001/01/02/0102faces.html Gildea, Josh (2004) â€Å"Media coverage of issues not at all fair or balanced† http://www.dailycardinal.com Sterling, C.H. (1993) â€Å"REITH, JOHN C.W.† http://www.museum.tv/archives/etv/index.html Bryan, J. & Zillion, D â€Å"Media Effect: The Psychology of Television† http://www.lucidexperience.com/HypnoPapers/529.html NOTE: All websites were accessed on 2/12/2006

Macroeconomic Equilibrium :: Economics

Macroeconomic Equilibrium Introduction Macroeconomic equilibrium for an economy in the short run is established when aggregate demand intersects with short-run aggregate supply. At the price level Pe, the aggregate demand for goods and services is equal to the aggregate supply of output. The output and the general price level in the economy will tend to adjust towards this equilibrium position. If the price level is too high, there will be an excess supply of output. If the price level is below equilibrium, there will be excess demand in the short run. In both situations there should be a process taking the economy towards the equilibrium level of output. Consider for example a situation where aggregate supply is greater than current demand. This will lead to a build up in stocks (inventories) and this sends a signal to producers either to cut prices (to stimulate an increase in demand) or to reduce output so as to reduce the build up of excess stocks. Either way - there is a tendency for output to move closer to the current level of demand. There may be occasions when in the short run, the economy cannot meet an increase in demand. This is more likely to occur when an economy reaches full-employment of factor resources. In this situation, the aggregate supply curve in the short run becomes increasingly inelastic. The diagram below tracks the effect of this. We see aggregate demand rising but the economy finds it difficult to raise (expand) production. There is a small increase in real national output, but the main effect is to put upward pressure on the general price level. Shortages of resources will lead to a general rise in costs and prices. Impact of a change in aggregate supply Suppose that increased efficiency and productivity together with lower input costs (e.g. of essential raw materials) causes the short run aggregate supply curve to shift outwards. (I.e. an increase in supply - assume no shift in aggregate demand). The diagram below shows what is likely to happen. AS shifts outwards and a new macroeconomic equilibrium will be established. The price level has fallen and real national output (in equilibrium) has increased to Y2. Aggregate supply would shift inwards if there is a rise in the unit costs of production in the economy. For example there might be a rise in unit wage costs perhaps caused by higher wages not compensated for by higher labour productivity. External economic shocksmight also cause the aggregate supply curve to shift inwards. For example a sharp rise in global commodity prices. If AS shifts to the left, assuming no change in the aggregate demand curve, we expect to see a higher price level (this is known as Macroeconomic Equilibrium :: Economics Macroeconomic Equilibrium Introduction Macroeconomic equilibrium for an economy in the short run is established when aggregate demand intersects with short-run aggregate supply. At the price level Pe, the aggregate demand for goods and services is equal to the aggregate supply of output. The output and the general price level in the economy will tend to adjust towards this equilibrium position. If the price level is too high, there will be an excess supply of output. If the price level is below equilibrium, there will be excess demand in the short run. In both situations there should be a process taking the economy towards the equilibrium level of output. Consider for example a situation where aggregate supply is greater than current demand. This will lead to a build up in stocks (inventories) and this sends a signal to producers either to cut prices (to stimulate an increase in demand) or to reduce output so as to reduce the build up of excess stocks. Either way - there is a tendency for output to move closer to the current level of demand. There may be occasions when in the short run, the economy cannot meet an increase in demand. This is more likely to occur when an economy reaches full-employment of factor resources. In this situation, the aggregate supply curve in the short run becomes increasingly inelastic. The diagram below tracks the effect of this. We see aggregate demand rising but the economy finds it difficult to raise (expand) production. There is a small increase in real national output, but the main effect is to put upward pressure on the general price level. Shortages of resources will lead to a general rise in costs and prices. Impact of a change in aggregate supply Suppose that increased efficiency and productivity together with lower input costs (e.g. of essential raw materials) causes the short run aggregate supply curve to shift outwards. (I.e. an increase in supply - assume no shift in aggregate demand). The diagram below shows what is likely to happen. AS shifts outwards and a new macroeconomic equilibrium will be established. The price level has fallen and real national output (in equilibrium) has increased to Y2. Aggregate supply would shift inwards if there is a rise in the unit costs of production in the economy. For example there might be a rise in unit wage costs perhaps caused by higher wages not compensated for by higher labour productivity. External economic shocksmight also cause the aggregate supply curve to shift inwards. For example a sharp rise in global commodity prices. If AS shifts to the left, assuming no change in the aggregate demand curve, we expect to see a higher price level (this is known as