Change management in The Emirates airlines

The End of Poverty

The End of Poverty Philippe Diaz’s documentary, The End of Poverty, is a piece that attempts to dissect the causes of the huge economic inequalities that exist between countries in the Northern Hemisphere and the Southern Hemisphere.Advertising We will write a custom essay sample on The End of Poverty specifically for you for only $16.05 $11/page Learn More The documentary, through the narrator Martin Sheen, gives a graphic description of the years of exploitation that have turned American and European countries into economic superpowers while, at the same time, impoverishing the weak economies of the developing world. The poverty, suffering and misery in the Third World are brought to life in the documentary. A central argument that the documentary focuses on is the supply of raw materials to the developed countries. Diaz explains that the ever hungry industries of the developed world import raw materials from the developing countries at a very low cost and use the raw materials to convert their own countries into export economies for finished products. The producers of these raw materials in Africa and Latin America continue wallowing in untold poverty despite the effort they put into production (Diaz, 2009). What makes this documentary especially poignant is the realization that the exploitation of these economies has been going on for many centuries. Lack of technology and means of value addition mean that the miners and the farmers do not get the true value of their efforts. Bolivian miners and sugarcane farmers in Brazil are shown in graphic detail toiling daily with no commensurate reward while the world economy continues to be controlled by the rich economies. The colonial legacy that is all too evident in the developing countries is also illuminated in the documentary. It documents how the impoverished countries pay huge amounts of money to their former colonial masters to repay debts that were built up in the course of the colonial perio d. The independence governments of the developing countries are forced to shoulder the burden of their colonial masters who accumulated these debts during the colonial period. As these countries repay these huge debts, their citizens continue to suffer under the burden of social inefficiencies. The issues explored in the documentary have been the subjects of debate in many social and economic forums, with the poor countries attempting in vain to highlight the serious issues that confront them.Advertising Looking for essay on art and design? Let's see if we can help you! Get your first paper with 15% OFF Learn More The point that Diaz makes is that poor nations are not seeking for aid and financial assistance but justice over the exploitation that they have endured over the centuries (Diaz, 2009). Financial institutions such as the World Bank come under intense criticism for this state of affairs with Diaz castigating their lopsided economic policies regarding the poor nations. However, the documentary fails in one critical area: the prescription it gives in solving the problem of poverty. Towards the end, the film delves into what is obviously an unworkable solution to the problem of poverty. Diaz prescribes the nationalization of resources in the developing countries as a way of solving a complex historical problem. This prescription obviously falls short of expectations considering the powerful theme being presented in the documentary. However, the way the documentary uses experts, such as author John Perkins to dissect the problem is a major strength. Other experts featured in the film include Economics Nobel prize winner, Joseph Stiglitz, and other social activists. At the end of the film, one agrees with the theme, which essentially points out that people are poor by design and not by any accident of nature. Reference Diaz, P. (Director) (2009). The End of Poverty, (Documentary). Cinema Libre studio, Robert Schalkenbach Foundation. https://www.imdb.com/title/tt0903943/

Diamonds Industry of South Africa Essay Example | Topics and Well Written Essays - 5000 words

Diamonds Industry of South Africa - Essay Example It discusses the cartel's behavior during the apartheid era, specifically its observance of human rights and corporate responsibility under a fascist and racist regime. Chapter V discusses the agreement reached between the ANC government and the De Beers cartel on the status of diamond mines and mining industry in South Africa, and how the cartel can help in the country's development program. It also contains recommendations on how the agreement can help in promoting black economic empowerment, and economic and political democratisation throughout South Africa. De Beers is a monopoly and the cartel of the diamond world. Monopoly is a term that translates literally into "single seller,"1 which means a corporation that dominates the production and distribution of a particular service or product (such as diamonds). There are various forms of monopolies and a cartel is just one of them. A cartel (such as De Beers) is a formal or informal group of corporations that have agreed to avoid and minimise non-productive or destructive competition among them in order to dominate the market and maximise profits. that maximum strictly, to avoid flooding the market with products which usually results in a decrease of their prices. To guarantee their profits, members of the cartel can either agree on a common product price for their entire area of operation or set up local Diamonds of South Africa 4 monopolies where they may or may not apply a common price structure.2 The price is of course higher than what it would be if production was not regulated by the cartel, and if prices were determined, not by the cartel, but by genuine competition and the interests of the consumer. De Beers for instance set an artificially high price for its diamonds despite the fact that there was already a large supply of diamonds in the mines of South Africa (which were discovered as early as 1867) and other African countries. The supply increased astronomically following the discovery of mines in Russia, Canada and Australia. De Beers kept prices high by cultivating the myth that diamonds are valuable and scarce and should be priced accordingly. The cartel has not lowered the prices of its diamonds in its entire existence. Many countries have legislated against price fixing cartels to encourage competition, which theoretically should lower prices and improve product quality. The European Diamonds of South Africa 5 Commission, in its 2005 Report on Competition Policy, proclaimed that "(c)ompetition is crucial for the whole partnership for growth and jobs."3 In fact, "the fight against international price-fixing and market-sharing cartels has become a top political priority in Europe."4 B. The Birth of De Beers De Beers can be viewed as an exceptionally innovative and long-lived cartel. On the other hand, it has been criticised and even condemned as "the most