MODIGLIANI AND MILLERS ADVICE ON DEBTS IGNORED BY COMPANIES - Essay Example

The split between the Shiism and the Sunnism has been based on an ideological aspect that still exists. This separation, nevertheless, has been unbreakable by the national, the ethnic, political, socio-political, social, and yet economic partitions in the context of the Islamic world. It has also been influenced during historical times in cases of some Islamic rulers, Islamic politicians as well as Islamic colonialists to provide their own direct interest (Haji-Yousefi, 115). Due to all these social, political and economic reasons it has also been argued that the division between these two branches of Islam is still at large in the world.

This division is also cultural in the sense that the cultural aspects of Islam from the point of view of these two divisions are regarded to be different at significant level. Also the economic orientation of these two branches and the interest of Islamic people are still so much dominant that the difference has become almost impossible to ignore (Haji-Yousefi, 115). Answer 2: To be certain, globalization has been regarded as a compound occurrence, which includes a great diversity of propensities as well as movements in respect to the economic, social as well as cultural areas.

It has been a multidimensional nature and therefore does not provide itself to the distinctive definition. For the purpose of ease, it can be described as rising as well as intensified streams between nations of ‘goods, services, capital, ideas, information and people’ that produce different cross-border addition of a number of social as well as cultural activities. However, in the context of the developing countries, this is creating significant amount of negative effects on the societies of these countries.

These countries are largely losing their respective social identity. This is revealed by the fact that globalization is incorporating greater number of people having different social aspects and activities which are creating divergence among the local peoples’ social identity (Bertucci and Alberti, 1). Also the existence of globalization is creating negative effects on the social organizational structures of developing nations. Transfer of old and used technologies from the developed part of the world to developing countries are creating detrimental effects