When the future development of the Republic of Sierra Leone is being deliberated by a vodka infused Romanian Businessman named Frank Timis someplace in London, one gets the ere feeling that colonial rule may still be at play. Today this type of business is called capitalism or “venture colonialism.” The aforementioned recent example of a business deal also corresponds to the operation of the current “framework” existing within the political process, which has vaguely remained the same. The five centuries of enslavement and plunder in Africa have undoubtedly cast a substantial impact on the African continent and exacerbated her struggle of reaching economic, infrastructural, and political stability. The aim of this paper is to assess the direction of the impact of colonial rule of Africa in its current state; a particular emphasis will be made on Sierra Leone to represent a case study. This paper is an attempt to highlight several arguments; one of them being the view that the economic development of the continent has been predetermined by the Western legacy of difficult and irrational policy. This impact has had substantial structural impacts on creating the political and economic system of the continent making it impossible for nations to provide the most basic of social services.
Kamara, Ahmed. “African Minerals on Track in Sierra Leone as 9.7 Billion Tonnes of Iron Ore Discovered – Making it the Largest Deposits in the World | Newstime Africa.” Newstime Africa | Africa’s Breaking News Center Africa Information and News
. Feb. & march 2010. Web. 17 Feb. 2010. <http://www.newstimeafrica.com/archives/10891>
The fiscal crisis in Greece is deepening, today she stands at a budget deficit of almost 13% of GDP.
I fear that the longer Athens waits to adopt a credible solution to deal with the country’s economic troubles the worse it will get. The cost of Greek debt has already been blamed for the currency decline of the Euro since its $1.51 high in November 2009, today it is barely over $1.40.
To explain the title, I refer to the story of “Sisyphus,” a character of Greek mythology who because of his misdeeds was sentenced by the gods to roll a huge stone up a hill for eternity. This act was futile as Sisyphus would work hard to see it roll back. Lets hope Greece is not condemned to a similar fate.
Yesterday, Finance Minister George Papaconstantinou stressed that the country was capable of dealing with the crisis.
“We’re not expecting anyone to come to our aid,” he said during a conference in Athens. “Greece has neither asked for, nor is it expecting, anything of the sort.”
Does Britain Have a European Policy? The following is a lecture by William Wallace of the Institute of International and European Affairs (IIEA).
The past year I contracted to work “non-disillusively” as an advisor with the Republic of Greece at the 64th United Nations General Assembly.
The following is my theoretical review on the shpiel…
The United Nations and European Union are the result of policies put in place to avoid another major world war. Though these organizations have provided a great deal to the international/ regional community, their reputation is ambivalently debated. The United Nations world is cursed with numerous instances of war, disease, environmental degradation, social injustice, and economic difficulties, allowing for plenty of areas for the UN to prove its effectiveness. The economic crisis, which began in August of 2007 exacerbated all other areas of concern for the international community. Working at the Mission of Greece to the United Nations has bestowed upon me an understanding of the structure of an intergovernmental organization and of a supranational organization (European Union). My journey as an Advisor at the Greek Mission exposed me to many issues related to the concerns of Greece and the EU. Moreover, the Republic of Greece is a nation which has agreed to work with all UN states toward a common vision for peace and prosperity. As an advocate of institutional liberalism, I believe it is essential for the international community to continue to make efforts in the field of multilateral decision making; it is only in this way that we will establish and stabilize the world for the common good. The following essay provides considerations of an experience at the UN, dealing with an EU member state that currently holds the Presidency in the Organization for Security and Co-operation in Europe (OSCE).
The present essay does not set out to be the holy grail of intergovernmental policy analysis. It constitutes as a description of the non-binding recommendations the 64th UN GA provided to States on international issues within its competence. The UN has initiated proceedings in the political, economic, humanitarian, social and legal fields. Through my experience I can see that its contributions have affected the lives of people throughout the world. The 64th GS has reflected the commitment of Member States to reach specific goals to attain peace and security.
Today, countries are in economic competition, does this further growth? The increased economic activity of earth and big companies threatened to end the world’s eco systems. The answer my friends is more protectionism and self sufficiency- this reducing the use of global resources. One would only consume what he or she produce, internalizing cost. This would make regulation much easier, and the market would reflect the cost of environmental degradation.
The General Agreement of Trade and Tariffs suggests that trade supersedes the importance of the environment. Why must WE surrender our sovereignty to FREE TRADE?!
The European Union is not entirely a non-governmental organization. Nor is it a supranational org, rather it’s a mixture of both. The E.U. enables theorists to belive in the concept of binding laws of a coercive nature.
The fact is that the union’s annual budget is around 130 billion usd (equivalent to National deficit of France). Basically, money does not make a difference. The E.U. does not rely on money but on policy. These policies are for the most part of the prevailing norm, that what comes out of the union is binding.
Furthermore, the authority of the union, does not mean that states are going to get along. The source of compliance, has nothing to do with economic resource or means of coercion.
There is a greater scope for the E.U. Trade, monetary policy, customs, fisheries, agriculture are exclusive jurisdiction of the E.U.
Of what individuals and or institutions pertaining to leadership are we speaking?
It appears the same ‘moral hazard’ that was in existence before the economic crisis of 08′ is exactly what is leading the ‘rescue.’ The mere manifestation of a ‘fund’ (IMF, WB) or organization (G20) that encourages countries to create large debts, should not exist without MORE MULTILATERAL LEADERSHIP!
The example of Mexico in the 70’s – 90’s is an example of how debt can increase by 15 times faster than the per-capita income. This scenario emerged because of the conditions of morally hazardous investment environment. Ultimately, an even worse remedy of ‘bailout’ was exicuted.