The unification of Germany following the fall of the Berlin Wall is a significant event in the reshaping of modern Europe. Without the considerations of Cold War affiliations, the European Union as a group of nations had gained significantly as a result of the economic consolidation. The domestic and foreign policies of the German governments since unification have reflected this new reality, benefiting both its own citizenry and that of its neighbours. The rest of this essay will foray into various aspects of . . . Read More
In the short story by Leila Abouzeid, the author narrates an exchange of views between two cousins – one a high placed officer and the other a poor worker. The author uses the social backdrop of Morocco to present her story. The story captures the inequalities evident between the affluent and the deprived sections of the Moroccan society by describing the trappings of the households of the two central characters of the work. In essence, the theme is one of highlighting the prevailing disparities in wealth and well being between two members belonging to different social classes of the Moroccan society.
To put the short story in context, the following statistic pertaining to academicians in Morocco raises a relevant point. Since 1981, average earnings for non-manual workers have increased by almost 40 per cent in Morocco; academicians’ earnings since then have increased by just one per cent, which means that their middle-class status is under threat, and they’re . . . Read More
One significant problem relating to Dubai’s work force over the last 12 months has been with retaining skilled nationals. The strategy usually referred to as Emiratisation, was designed so as to prevent talented nationals from leaving the country for better opportunities abroad. This is not a recent development by any means. For long, a vast majority of the work force is comprised of expatriates. Consequently, the unemployment numbers among the nationals is one of the highest in the region. The fact that there are as many expatriates in government agencies as there are in private . . . Read More
IT professionals require an awareness of the business, economic, legal and social issues of Computing Technology in the modern world.
Before we delve into the reasons for Digital Rights Management’s disapproval let us overview the case in support of it. The case for enterprise DRM is synonymous with the case for a well-articulated, role-based technology and data protection policy. DRM simply moves the point of data security from . . . Read More
The Indian economy has been growing at a phenomenal rate over the last few years. It is expected to maintain that rate in the near future too, which would make it an economic superpower in its own right. While this turnaround in India’s economy is a source of celebration for the world community, there are some genuine reasons for worry as well.
The foremost of the concerns is inflation. The high growth is matched by a high inflation inducing confusion in the minds of consumers. The rising prices of commodities had sapped much of the initial optimism.
The value of the Indian Rupee against the U.S. Dollar is presently unfavorable. The economic boom of the last few years that had created new markets for the disposable wealth of the affluent middle class is also accompanied by high interest rates. Although the government’s decision to increase interest rates is done to balance the welfare of the poor . . . Read More
The recognition that the free trade system needs to be balanced by a legislative framework came from Tony Blair in a recent World Bank meeting in Prague. The prime minister emphasized the raising of labour and animal welfare standards. He also expressed concerns for employer’s attitude towards worker and environmental health. The fact that around tens of thousands of people from around the world participated in protests against the World Bank and the International Monetary Fund during this meeting suggests that the free market approaches to trade had not been totally fair to workers and their communities (Webster, Allan. & Gilroy, Michael. P.329).
The report released on the occasion, titled “Rights of Exchange: Social, Health, Environmental and Trade Objectives on the Global Stage”, is one among the many steps taken by politicians in trying to strike a balance between free and . . . Read More
Cycles of economic boom and bust are regular features of market economies. The global recession that set in during 2008 is the most recent episode of this phenomenon and is likely to be repeated in the future as well. Although the scale and magnitude of these crises have somewhat reduced in the period after the Second World War, they have been big enough to be termed critical policy failures of governments across the world. And in the neo-liberal economic order of the world today, national economies are ever more intertwined, making it impossible for any one nation to insulate itself and its people from the effects of the crisis. This is most obvious when we take a look at the data pertaining to the recent global economic recession, precipitated by the collapse of credit derivatives. (Weale, . . . Read More