A Macroeconomic Crisis That Occurred during the Period 1900-2005 Research Proposal

A Macroeconomic Crisis That Occurred during the Period 1900-2005 - Research Proposal Example   A Macroeconomic Crisis that Occurred During the Period 1900-2005 (The Asian Currency Crisis)  A Macroeconomic Crisis that Occurred During the Period 1900-2005 (The Asian Currency Crisis)Introduction From a brief period of economic boom, Asia witnessed a financial crisis in 1997. Asia is far removed geographically from most of the developed world. Nevertheless, the Asian financial crisis took down with it many of the successful economies of the developed world. There may be arguments that the Asian financial crisis resulted solely from the flawed process of liberalization, while others may point to a currency crisis and the cross currents of the currency crisis promoting the financial crisis. However, there is general agreement that the interaction between macro-economic policies, the domestic financial sector and corporate governance within the Asian countries make them vulnerable to a financial crisis. Rationale Most of the Asian economies have weathered the recent economic cr isis through either the strength of their domestic demand in countries like India, the Philippines, Indonesia, and Vietnam or through the use of healthy fiscal resources to support exports in countries like China. This good showing of economies in Asia is what holds promise for quickening the pace of the slow recovery in the developed nations.. The success of the Asian economies thus becomes crucial for the speedy recovery of the developed world. Hindrances or faltering of the Asian economies could lead to stagnation or slowdown of the economic recovery of the Western world. There is worry on this account as the Asian countries still remain vulnerable to a repeat of the Asian financial crisis of 1997 that occurred at the time of an economic boom in the region. Furthermore, economist point out that Asian countries like China that are using their ample financial resources to spur exports and their economic growth would have to use large amounts of financial resources to maintain this pace economic growth. They estimate that the amount of financial resources that Asian countries would have to use to sustain this economic growth could be as high as $1 trillion and may pan out to be a â€Å"bottomless pit†.   It is for these reasons that I would like to revisit the Asian Financial Crisis of 1997.  

Nathaniel hawthorne Essay Example | Topics and Well Written Essays - 750 words

Nathaniel hawthorne - Essay Example Particularly, I will compare these protagonists, Hilda and Prynne Hester. The Marble Faun is a story that tells of Donatello, a faun, who found himself among the human race. The narrative explored themes such as innocence corrupted by passion, the progress from a guilty despair to penitence and responsibility, and happiness regained but tinged with sorrow. This would also be the theme examined in The Scarlet Letter as the novel criticized the Puritan morality with characters created to challenge not only traditional basis of morality but also the more recent foundation in the gender conventions of the nineteenth century. Few characters are more objectionable to the modern reader than Hawthorne’s Hilda, the daughter of the Puritans. She is accused of being egotistic and frigid, and her rejection of Miriam is considered inexcusable. The principle that Hilda represented was that of a mortal’s first duty to his own salvation. While Hawthorne sufficiently underscored the objectionable characteristics of Hilda as seen and highlighted by other characters, he strived to suggest that the unswerving virtue in the pursuit of her salvation, though others may find selfish, is a valid and important religious conduct. He stressed this through Kenyon’s character: while he depended upon a reasoned morality, he believed that Hilda’s heart knows the truth and that like a steel blade to which she is twice compared, she sliced a clear distinction between good and evil. In the end, in an approach that would also be employed in Scarlet Letter’s Prynne, Hawthorne, would not condemn but so ften Hilda’s flaws as some form of redemption. The daughter of the Puritan was placed in a position to that in which she had found Miriam when she rejected her and hence, carried an overwhelming burden and needs to confide in someone. The ensuing experiences would let us find Hilda changed. She still affirmed that there