India and China are both touted to be the next economic superpowers. As both countries are home to close to a third of the world’s population, they have enormous human resources with which to capitalize on. Alongside this natural advantage in terms of human resource, the domestic and foreign policies of both nations have been conducive to economic growth over the last few decades. While China started the process of economic liberalization earlier than India, the latter has caught up with its Asian neighbour in quick time. In this context, political analyst Fareed Zakaria’s assessment that we are entering a “post-American world” is a valid one. In the six decades since the end of the Second World War, the United States had dominated global politics and had also attained the status of an economic and military superpower. But with the onset of globalization, countries with abundance of cheap labour such as India and China are primed to assume the leadership position . . . Read More
The industrial revolution, which had its beginnings in eighteenth century England, is regarded as one of the most important events in modern history. The prevailing capitalist world order can be traced back to the revolution. With the onset of the industrial revolution, the then prevalent feudal social systems where gradually dismantled and a new economic dynamic was set in motion, which continues till this day. Of course, the neo-liberal economic system of today is very different from the earliest capitalist enterprises, but the core principles remain the same. The rest of this essay will present the problems and benefits of this important event as well as briefly explaining why industrial reform came slowly from 1815-1914.
Factories that produce goods on a massive scale are the most prominent symbols of the industrial revolution. Such a radical transformation was allowed to happen because it suited the interests of the aristocracy and nobility of the time. The ruling elite . . . Read More
Ever since Britain ascended into the role of leading naval empire in the world the influx of non-native subjects into the British Isles has been a persistent phenomenon. During this period the nature and complexion of British culture and identity has also undergone noticeable change. It would be safe to say that Britain today is a more multicultural and multiethnic society than it has ever been. In this context the question whether shared British identity depends on a share culture assumes special significance. This report will first explain the aforementioned assessment and later delve deeper into it as way of evaluating its merits.
Firstly, there is much veracity to the claim that a shared British identity does not equate to a shared British culture. As British society becomes increasingly cosmopolitan, it is going to be difficult to pinpoint and define what exactly constitutes British identity, as people from different backgrounds might embrace and emphasize . . . Read More
The novel Family, written by Pa Chin in the early part of the twentieth century, is one of the most influential novels in modern Chinese Literature. Set in the early twentieth century China, the novel has for its backdrop the most eventful period in Chinese history. In retrospect, one could see the early signs of the impending Communist revolution in China by paying careful attention to the recurrent themes in the novel. While the novel focuses on interpersonal relationships within and without the members of the Kao family, it also carries a broader political significance. Historians and biographers alike have indicated that Pa Chin was a passionate advocate of anarchist political principles. While the novel Family does not directly propagate his political beliefs, a careful reading of it reveals to the reader the author’s personal perspective. Further, one could see the internal struggles of the Kao family as an allegory to the broader political and cultural questions . . . Read More
The last 20 to 30 years have been widely regarded as the digital age. During this period many advances have been made in digital technology, leading to the promotion and use of mobile phones, high-speed networks, efficient computers, etc. This advance in digital technology has also made life easier for most people. Areas such as teaching methodology, teaching aides, public presentation aides, etc have particularly improved as a result. This essay will foray into how technology has made the task of giving presentations all the more easy and effective.
Nowhere has the development of technology had a greater impact than in the domain of communication. In the world of academia and business, the usage of proprietary software like Microsoft PowerPoint, Word, Excel and Outlook have become quite common. The PowerPoint software in particular is a potent tool in giving presentations. Students use it to present their seminars; lecturers and . . . Read More
Sociology as a field of inquiry has wide ranging applications in the understanding of human societies. While sociology does not lend itself to rigorous scientific analysis in terms of conception and verification of theories, there are indeed some proven methods of testing the veracity of theories pertaining to sociology. Sociology is usually approached from certain broad theoretical frameworks such as the Marxist approach, nationalist approach, etc. In each of these approaches, one aspect of a community is given importance to. For example, in the Marxist approach to studying sociology, the social class of an individual and his/her community is given prominence. Similarly sociology can be studied from a majority/minority perspective wherein the issues and problems faced by minority communities are given special attention. Ultimately, all these approaches have one thing in common, namely, the identification of pressing social problems and devising of ways to alleviate them. While . . . Read More
Russell Roberts is one of the prominent economic thinkers of our times. His works are known for their insightfulness, accessibility and relevance to current economic problems. The Choice: A Fable of Free Trade and Protectionism is one of his best works as it excels in the above mentioned qualities. The book essentially presents to the reader the contrasting choices of free trade and protectionism. Adopting the literary form of a fable, the book is one long dialogue between two intellectuals. Roberts makes no claims of neutrality, as he passionately and rigorously argues in favor of free trade practices and against protectionist policies. The rest of this essay will highlight two major criticisms of the author’s point of view.
The last three decades have seen the rapid rise of neo-liberal capitalism as the de facto global economic model. Having first been pioneered by U.S. President Ronald Reagan and his British counterpart Margaret Thatcher in the early 1980s, the . . . Read More
Warren Buffett, alongside Benjamin Graham is considered to be the leading gurus of investment strategy. Though Benjamin Graham pioneered the notion of ‘value investing’, it was Buffett who consolidated the theory through repeated application. The consistency with which Buffett’s portfolio out-performed the average market results does prove beyond doubt the veracity of his ideas. His investment management company Berkshire Hathaway had consistently outperformed both the broader markets as well as competing investment funds. Yet, some of his ideas come across as counter-intuitive at first. For example, Buffett’s assertion that he buys stocks with no intent of selling them stands against the common practice of booking profits when the price is high. This essay will further elaborate how Buffett’s strategies differ from other contenting investment management theories.
Warren Buffett’s strong faith in a few fundamental ideas of investing puts him at odds with several . . . Read More
John Donne’s poem Death Be Not Proud is typical of the religious/metaphysical genre employed by the poet. All human beings have a lurking fear of death. As we get older, this fear increases and ultimately dominates our thoughts. But contrary to the negative connotations attached to the event of death, Donne presents to the readers an interesting alternative understanding of this all too common aspect of life. While on surface the poem seems to dismiss the threat and fear of death, reading between the lines one can see the religious implication. The other striking aspect of the poem is its archaic spelling and phrase usage. Since John Donne was a contemporary of Shakespeare, his verses carry elements of early-modern English usage. As for its stylistic elements, the poet follows conventional metrics of sonnets, with a total of 14 lines, which in turn is broken down into three stanzas of 4 lines each followed by a concluding couplet (Diyanni, 2007). Although the language might come . . . Read More
The demographics and social structures of China are unique among world’s major countries. Close to 90 percent of the Chinese population is derived from the Han ethnic stock. The rest is comprised on small minority groups spread across China. Though the majority of Han Chinese share a common culture, their language is again quite varied, with scholars identifying as many as seven prominent dialects of Mandarin that are in use. But the standardized mandarin language, called the Putonghua, is based on the Beijing dialect (Hu & Salazar, 2008). With the Han Chinese dominating major political, judicial and military institutions of the country, it would be interesting to study the status and prospects of minority ethnicities. The rest of this essay will delve into this issue and ascertain if inter-racial and inter-ethnic discrimination exists in China; and if so, to what extent.
Often, the concepts of race and ethnicity are used interchangeably. But there is a . . . Read More