StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Macros Economics on Two Articles - Admission/Application Essay Example

Comments (0) Cite this document
Summary
Name Institution Course Instructor Date The two articles, “China and Oil-backed Loans in Angola: The Real Story” by Alec, Russell and Deborah, Brautigam’s “Human Rights Watch Report on Chinese-Owned Mines in Zambia” analyze the Chinese business interests in Africa through an in-depth scrutiny of their operations…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92% of users find it useful
Macros Economics on Two Articles
Read TextPreview

Extract of sample "Macros Economics on Two Articles"

Download file to see previous pages Economic issues raised in the articles With projects ranging from copper and other minerals exploitation in Zambia, oil drilling in Angola, agriculture and allied industry in South Africa and Ethiopia to infrastructure and real estate development in Kenya and Tanzania, China is currently the biggest foreign trading partner to Africa as a whole. Authors of the articles focus more on highlighting the unseen shortcomings of increased Chinese involvement and control of the African markets. The major cross cutting issue in all articles on this subject is the exploitation of African labor at far dilapidating conditions and poor wages. In advancing their viewpoint, the authors point to several cases including fatalities incurred by African workers especially in the mining sectors of Zambia and Angola. Further, the workers normally earn little in wages often having to work long hours under unfriendly conditions. Provision of safety and protective clothing is according to the author of the articles a struggle that takes months if not years. On the other hand, the Chinese gain a lot in terms of raw materials and finished products that they export back home, since their companies or jointly owned firms with the local governments win the contracts. The articles also point out several cases of corruption and malpractices that result to unfair competition favoring Chinese firms over the local firms as well as any other foreign companies. As pointed out in the case of oil exploration in Angola, Chinese companies mining oil obtain the resource at cheaper prices and then sell to their government and other buyers at the prevailing market prices. Other issues alluded to in the article include the quality of work that Chinese companies do. For instance, the author refers to a hospital block constructed in Luanda, Angola, which started exhibiting structural weaknesses within a short period after its completion by a Chinese company. There are also concerns over the social impacts and environmental degradation caused by the activities of the Chinese, which the article describes as wanting owing to lack of commitment to corporate social responsibilities. However, the articles deliberately ignores the positive side of the trade between China and Africa as observed by critics of the analysis presented in the articles who view the authors as majoring only on exaggeration of negative impacts. They point out that many local citizens as well as the policy makers at government levels view the entry of China in Africa as a reprieve from the wide spread unemployment and stalled economic development that the continent has undergone over the years of western aligned trade. There is also the view that African economies are exhibiting significant growth owing to increased funding of development projects and revival of industries curtsey of the Chinese. All these assertions are justifiable in individual respects using economic concepts to interrogate the whole issue. Discussion Analysis of the issue of China and African economic integration focuses on both micro economic and macroeconomic models and concepts. Microeconomic aspect of it focuses on the individual parts of the whole economy particularly on such items as individual economics, wages and ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Macros Economics on Two Articles Admission/Application Essay”, n.d.)
Macros Economics on Two Articles Admission/Application Essay. Retrieved from https://studentshare.org/macro-microeconomics/1439615-macro-economics
(Macros Economics on Two Articles Admission/Application Essay)
Macros Economics on Two Articles Admission/Application Essay. https://studentshare.org/macro-microeconomics/1439615-macro-economics.
“Macros Economics on Two Articles Admission/Application Essay”, n.d. https://studentshare.org/macro-microeconomics/1439615-macro-economics.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Macros Economics on Two Articles

International Business Economics

According to Adam Smith, the absolute advantage would be realised as long as the cost of production differed from between countries, one or both countries would gain by trading. An example to illustrate this is a situation where we have two countries A and B which produce two similar goods X and Y. The figures show labour cost in hours for producing one unit of a good

David Ricardo formulated the theory of comparative advantage and argued that even if one country is more productive in both lines of production it would be still profitable to trade. Country A is more productive in both lines of production but it will still be profitable to trade with country B, this is shown by first stating that country A is more advanta...
6 Pages(1500 words)Assignment

Description of Two Established Personality Assessment Tools: Discussion of Strengths and Weaknesses

The Thematic Apperception Test (TAT) was developed in the 1930s by Harvard University psychiatrist Henry A. Murray and university student Christiana Morgan in the pursuit of identifying personality characteristics and unconscious human desires (Bosshardt, 2004). TAT assessments generally consist of 31 different cards in which varying ambiguous illustrations and photos are displayed, asking participants to respond to their interpretations of what is occurring within each visual image. Internal conflicts or motivational desires are generally projected by participants who are exposed to TAT assessments, allowing psychologists to determine the personality constructs of individuals.

The Sensation Seeking Scale (SSS) was deve...
6 Pages(1500 words)Term Paper

Cultural History Versus Political History: The Varying Methods of the Two Fathers of History

Even though they have these similarities and have both been bestowed with the same title, these two historians drastically differed in their approaches.

Herodotus had another title bestowed upon him; he was also called the “Father of Lies.” Much of what is known of him has been gathered from his own writings as few other sources are available from his actual life. It should also be noted that the veracity of this information is in question as Herodotus was known to invent much in his own work, and it was sometimes the practice in Ancient Greece to attribute events from the life of one person to another; for instance, it has been questioned if the accounts of Herodotus’ exile are only due to the fact th...
10 Pages(2500 words)Essay

Economics or Ethics

Several CEOs in America have in coalition with top managers deviated from the norms of corporate governance and caused immeasurable woes to the stakeholders. Using their power and ego they chased the wealth for personal gains without any concern for the shareholders or other stakeholders of the company. Enron, the world’s largest energy trader at one time, had to file bankruptcy under Chapter 11 when about 5000 workers lost their job (Bhattacharya, 2004). Arthur Anderson, one of the big five auditing firms was charged to have colluded with the management to misappropriate funds and project a picture different from the reality. Income was inflated and then all concerned papers were destroyed. The leadership at Enron was conce...
6 Pages(1500 words)Assignment

Depending on Others: Two Differing Viewpoints Examined

Waiting for Godot has an ambivalent attitude toward dependency.  It would seem as though it was just a condition that couldn’t be escaped from in life. Estragon and Vladimir, the two main characters, are two people who are entirely dependent upon each other. Estragon and Vladimir, the two main characters, are two people who are entirely dependent upon each other. Estragon even needs help in removing his boots: “Ah stop blathering and help me off with this bloody thing”1. Vladimir seems aware of these aspects of their relationship, as he says to Estragon, “You’d be nothing more than a heap of bones at the present minute, no doubt about it” 2. However, Vladimir seems to be every bit as depend...
7 Pages(1750 words)Essay

Managerial Economics and Business Environment

Once the above said subject matter is clearly sorted out, the next emphasis would be on the concepts like the opportunity costing, incremental principle, marginal principle, discounting principle, the principle of time perspective, and calculation of economic profit as the guidelines to the scope of managerial economics. (Surender. V, 2008).
To start with, we consider a firm for which different processes have to be carried to achieve its objectives of profit maximization (assuming that all the organizations work with the view to maximize profits). If firms from different sectors are identified simultaneously, then the working of the economy as a whole could also be analyzed which in turn is useful in the decision-making proce...
15 Pages(3750 words)Assignment

A Tale of Two Cities by Charles Dickens

We are also in an age of foolishness where, like in 1775 England, every day we see innocents die for the causes of a few.

When I first read this passage, I could not help but laugh out loud because I also felt the same confusion that Tom and the guard did. What does Mr. Lorry’s ‘Recalled to Life” mean? Was it a code? Was Mr. Jarvis Lorry a spy? These questions prompted me to go on reading the book surely no one, least of all myself, can get a good night's sleep with all those mysterious questions unanswered.

Although A Tale of Two Cities: Recalled to Life is decidedly a much lighter read than Sir Thomas Malory’s Le Morte D’Arthur, its language still requires concentration otherwi...
6 Pages(1500 words)Essay

Pathophysiological Processes Involved in Type Two Diabetes

Changes in lifestyle and behavior, in particular, sedentary jobs combined with lack of exercise and an increase in disposable income combined with lower food prices, have resulted in a veritable explosion of type 2 diabetes. Left untreated, type 2 diabetes can lead to a series of complications and illnesses and a high incidence of premature morbidity. However, over-rich nutrition and the resulting obesity are not the only risk factors as there are different levels of susceptibility to type 2 diabetes in different ethnic groups.

According to statistics released by the World Health Organization (WHO), currently, 180 million people worldwide have diabetes, with 2.9 million deaths per year occurring due to complications cau...
9 Pages(2250 words)Coursework

Contrast of Two Explanations of Social Disorder in Contemporary UK Society

As the process of urbanization takes off and more people start residing in major cities, the fissures start to appear within the apparent harmonious co-existence. There are several reasons why disorderly conduct on part of individuals and groups takes place. Sociologists have proposed numerous theories explaining this phenomenon.

Erving Goffman was an astute observer of society, who immersed himself in the social environment which he was studying. He carefully observed and recorded the ways in which people’s behavior and interpersonal interactions are carried out in everyday life. He notes that “people perform their social roles and, as they do so, they produce social order through their actions and the regu...
6 Pages(1500 words)Article

Analysis of Articles about Climate Change

...Climate change Can we imagine an Earth where there are no green mountains, no deep blue seas and no living creatures? No. But a disaster of such magnitude and dimension is looming over Earth. Humans have identified this threat, defined it and given it a name, global warming. This dangerous proposition is based on the truth that even a 5 % increase in the surface temperature on Earth can wipe out life from this beautiful planet. And the temperature is increasing as never before. It was in 1990s that the world began to hear serious warnings on global warming and climate change. The summary for policy makers prepared as part of the first assessment report by Inter-governmental Panel on Climate Change was the first ever in depth... change Can we ...
6 Pages(1500 words)Literature review
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Admission/Application Essay on topic Macros Economics on Two Articles for FREE!

Contact Us