Finance and Accounting Essay example
Masters
Essay
Finance & Accounting
Pages 4 (1004 words)
Download 0
One of the first arguments that the author of the article stated is that globalization has helped reduced poverty worldwide. “The economic arguments in favour of globalization stress the positive relationships between increasing international trade and investment flows and faster economic growth, higher living standards, accelerated innovation, diffusion of technological and management skills, and new economic opportunities” (Un, 2012)…

Introduction

The author’s claim makes it seem as if globalization was the only reason that so many people came of poverty during this timeline. I think that the author’s argument lacks an in-depth analysis of other factors that also contributed to the economic progress in these countries. For instance in China the governments’ policy to open up the economy into the free market was equally or more influential than the globalization movement at reducing poverty. Another factor that helped the people of China get out of poverty was industrialization (Xinhua, 2007). The globalization movement has helped China and India become major players in the global trade of goods and services. In 2009 China overtook Germany to become the world’s top exporter (Nytimes, 2010). I agree with the author that the use of free trade initiatives were instrumental in spurring economic activity. ...
Download paper
Not exactly what you need?

Related papers

Finance and Accounting
Materiality is one of the qualitative characteristics. Prudence is another qualitative characteristic. Relevance is an important qualitative characteristic. Reliability is a necessary qualitative characteristicii. The users of the financial information rely on the qualitative characteristics of the financial statements for their decision making activitiesiii. The creditors use the financial…
Finance and accounting
As a result, auditors in this case are required to review the accounting information in order to determine how well the business is doing. It requires proper financial statements which provide a clear insight on the economic health of these accounting companies. Generally, it gives an insight on the company’s soundness in the short and long term. As a result, financial analysts, investors and…
Finance and Accounting
Managers of public sectors and their agencies are the politicians. Politicians are elected by the citizens to act on their capacity and serve their interests when in office. After being granted this mandate, the citizens bequeath their duty of keeping the politicians accountable. Worse still, the leadership portrayed by the politicians is always authoritative, as they do not give the opportunity…
Finance and Accounting
By June 2008, Vodafone received was awarded telecom operating license within the country, making the company as the second mobile phone service provider within the country. Vodafone started its services within Qatar on 1st March 2009. …
Finance and Accounting
It transforms how trade acquisitions are carried out and accounted for, and it also impacts economic statements from the date of completion of the acquisition. It further influences the yearly goodwill impairment test connected with acquisitions that closes both before and after the efficient date of this standard. A non controlling interest is the part of equity in a supplementary not…
Finance and Accounting Concepts
It consists of financial activities which include collecting, recording, analyzing and communicating the financial information to others. The financial data is a collection of facts which is expressed in numerical symbols and characters. The major task of the accountant is to records the financial transactions and converts data into financial information. The study will deal with the various…
Finance and Accounting Essay
The funny bit about such adjustments is that they can be based on the annual expenses of operating leases (Arms 2010). On the other hand, they can as well be based on the undiscounted available future operating lease payments. These are normally available on the notes to the financial statements. Such is the information that is normally available to many users of the statements and the entire…