EMERGING MARKETS Essay Example | Topics and Well Written Essays - 2000 words - 1

EMERGING MARKETS - Essay Example Banks were mostly publicly owned, although capital markets were allowed. Currently, India`s financial system is the most established in the emerging market economies. The financial systems of both countries are dominated by banks. For instance, China`s industrious savers have no choice to formal banking system. On the contrary, a significant number of Indians distrust banks but they have a preference to amass gold and real estate properties as an alternative. In addition, both governments need banks to serve social objectives, but the Indian government is more translucent concerning the shared results being worth the expense. Banks whether private or public must meet objectives for countryside access to banking services and loaning to significance sections and must distribute a needed share of their savings to public sector unions. The Chinese government`s political main concerns are to guarantee steady well-ordered liberalization of openly possessed manufacturers and economic growth adequate to captivate millions of labor force competitors, immigrants, as well as laid off employees every year. Bank loaning is still registered to finance much of this development even as banks are restructured to meet new oversea competition. Bank reforms started in earnest in 1995 when institutions and regulations were transformed to change them into commercial banks (Bosworth and Collins 2007). Practical norms for loaning were introduced, banking, secur ities as well as indemnity supervisors were developed and regulatory principles constricted. Three policy banks were established to carry on policy loaning roles and made regional heads purportedly with sufficient seniority to force bank loaning on credit worthiness criteria. The local banking system of China currently comprises of a considerable number of institutions almost all of which are under the ownership of various

Selling Our Future - Sense of Place Essay Example | Topics and Well Written Essays - 500 words

Selling Our Future - Sense of Place - Essay Example This is mostly so especially in the developing countries like Kenya where land is scarce and the population is constantly growing (Brown, 2009). Economically the figures show that the economy of such a country is growing through the measure of GDP. However, if the trend in population growth being experienced continues then this would be like we are poaching from the future. This is because as it is currently, the resources are already at a strain as illustrated by Brown (2009) and in future then this GDP growth will start to decline. This greatly relate with me as an accounting student in that it helps understand how ecological factors affect the growth of economy. The Kenyan experience is an interesting one because surprisingly, in the past Kenyans have enjoyed good rich soils and rainfall patterns. This has however changed due high population that in turn has cleared a huge part of land that was previously forest cover for settlements. This has led to changes in rainfall pattern and drought occurrences are very common and thus hurting the country even more economically. This thus greatly relates to what Brown (2009) says that trees are very valuable in terms of rainfall and the environment in general. Land is viewed as a property that is mainly for economic gain and ethically there are no rules that guide the owners of the land on how to use it (Leopold, 1948). The conservation ethics should be steered to each and every person if the trend is to change for the better. The animals are also part of this population because as the human population increase, so is the animal population and this occupancy has led to less and less space available. This has caused the continuous the depletion of the lands and in the long run the economy. Like Brown (2009) expresses that the world’s economy behaves like a ponzi economy in that at a glance the economy may improve. This may be due to certain activities like excessive fishing where the lives of the