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PAPER 1 - Essay Example

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Introduction The international system dictates how states relate to each other and is full of international and global politics. There is a lot of controversy surrounding the notion of state sovereignty and ideas of cooperation and conflict. Countries in the international system realize the need for integration, thus more cooperation and less conflict, but some states argue that this would undermine state sovereignty…
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Download file to see previous pages However, one thing to note is that international relations have existed as long as states and that states are sovereign and are guided by informal rules in their relations. The purpose of this paper is to describe an international event of conflict or cooperation that has occurred since 1980, and evaluate it using theoretical approaches to international relations. There are many theories such as realism, liberalism/idealism, constructivism, Marxism and feminism, but the paper will focus on liberalism and Marxism. First, a brief summary of the international event will be given in order to understand how, where and when it occurred and to explain how it can be understood as an international event. Secondly, theories of international relations (liberalism and Marxism) will be used to discuss the reasons why the event occurred. This will give the roles played by the state, non-state actors, multinational corporations, etc. Thirdly, strengths and weaknesses of the two theories in explaining the event will be evaluated and a conclusion made about which theory is the most effective in explaining the event. ...
Both first world and third world economies were not spared and are still recovering from the effects of the crisis. The crisis began due to an asset bubble bursting. Economists have blamed the event on monetary policy failure and deregulation of financial institutions, but international relations theorists have different versions of the reasons for the crisis. Financial institutions were not mitigating risks but instead making risky investments in form of mortgage backed securities (Davies, 2010). Housing prices had gone up and the government through mortgage lenders Fannie Mae and Freddie Mac was encouraging low income earners to take up mortgages at low interest rates. The financial institutions saw an opportunity to gain and thus gave mortgages even to subprime borrowers. Mortgage brokers sold the mortgage to banks which, in turn, bundled it into products which they securitized. They borrowed money from other banks to buy mortgages and securitize thus high earnings. The interests were later to rise and home owners were unable to pay mortgages, leading to mass repossession of houses and the housing bubble burst (Kolb, 2010). Financial institutions could not lend to borrowers anymore, leading to a credit crunch and slow economic growth. Financial institutions such as Northern Rock, Lehman Brothers and Merrill Lynch collapsed. Other casualties were insurance companies and stock markets due to falling share prices. A $700 bailout was offered by the Bush administration among other measures, but the economy was badly affected (Davis, 2010). Credit tightening and massive bailouts by US, UK and other western countries were a blow to third world countries that rely on foreign aid for development. ...Download file to see next pagesRead More
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Paper 1 the information they provide on social media. This classification is done in relation to the personal information they provide when registering for an account with either Facebook or twitter. However, there are certain ethical and technological issues that need to be considered when choosing this channel of marketing, which are discussed in this paper. Technological Considerations Scalability of a website puts into consideration the efficiency of the website’s performance both during peak and valley situations. The channel chosen should be in a position to handle the traffic when at its peak. Slow sites are frustrating to customers and are likely to drive them to the competitors’ sites in case their sites are faster...
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3 Pages(750 words)Essay
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...that the ordinance was constitutional, since it upheld the ruling made under Village of Belle Terre v. Boraas, 416 U.S. 1, which had limited the number of people who could occupy a single dwelling (Casner, 189). Court holding The Supreme Court held that the ordinance created by the City of Cleveland was unconstitutional, since it violated the due process clause as provided under the Fourth Amendment Schedule of the United States Constitution (Areen, 227). The Supreme Court held that the material facts of the case were distinguishable from the nature of the facts provided under Village of Belle Terre v. Boraas, 416 U.S. 1, which offered a provision for restriction of individuals who were unrelated from...
6 Pages(1500 words)Essay
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