Global Justice and The Poor Essay Example | Topics and Well Written Essays - 1750 words

Global Justice and The Poor - Essay Example TWO PERSPECTIVES ON POVERTY: There are many different perspectives on poverty. The two that will be discussed in the paper are that of Bill Gates and that of Thomas Pogge. It is very interesting to study the perspective of Bill Gates on poverty. He has emerged as a very successful person in the field of business and technology and now his success as a social responsibility champion has made him a figure to be considered for his views on poverty. His views on poverty are quite different than the usual views that are prevalent in the market today. His ideas to quite an extent are controversial and therefore make a very interesting study. Though he is very new to the field his views are worth considering because he has allocated a sum of 38.7 billion dollars to help the social cause and help make this world a better place to live. Thomas Pogge is considered to be one of the most known figures in the world on the topic of Global Justice and poverty. He has many researches to his name and is also the author of the best known published book World Poverty and Human Rights. The views on poverty and the possible things that hamper reduction of poverty, things that cause poverty and also what are the solutions to eradicate poverty are all very different and contrasting and therefore make an interesting study. Non?Maleficence v. ... In fact, Pogge has very clearly mentioned in his writings that in his opinion World Trade Organization has opened the market too little and this is a contributing factor to poverty. Gates and Pogge both believe that the increasing global wealth inequities help in solving the issue of poverty. They both again agree on the fact that poverty is a very pressing issue and should be dealt with effectively and efficiently. The differences in their perspectives becomes very clear when we see that Gates believes that beneficence is the way we can reduce poverty and Pogge is of the opinion that to reduce poverty we need to be non?maleficence. This is one contrasting feature in their opinion of existence of poverty and therefore it becomes the base of the different ways which they will employee to reduce poverty. Gates has suggested that we can reduce poverty effectively and in a long lasting way, by being more benevolent. This opinion of his clearly suggests that he is not looking to get rid o f poverty completely. His realistic opinion is that poverty can surely be reduced but it cannot be gotten rid of completely. His opinion however, in no way indicates that he wants people to remain poor. In a contrasting opinion Pogge believes the global institutional order should be formed again as it does nothing to reduce poverty but in fact promotes it. In Pogge’s opinion poverty is a problem that has been created because of the issue of global justice and he believes that institutions inflict harm on each other and that this should be stopped. He believes that to reduce poverty global, injustice should be reduced along with socioeconomic poverty. He also believes that the inaccessibility that

Evaluation of Banking Competition between 2 countries Essay

Evaluation of Banking Competition between 2 countries - Essay Example This set of statistical methods aids in the instrumentation of a unique symmetric and unbiased estimator to calculate the central moment for a given distribution. For instance, the estimator h can be evaluated as: 1. Both the countries are members of the developed world. Sufficient data is available to carry out the required estimation over an extended period of time. For example, CL, NA, OBS, DEP, etc. were available for Antwerps Beroepskrediet (which is a Belgian cooperative bank) over the years 1998, 2001 and 2004. In the case of Denmark too, similar variety and quantity of critical data were available. 2. The countries are important members of the EU. Both of them share the compact regional economy of the Western Europe. Apart from availability of data, the Belgian and Danish banks are facing several challenges due to expansion of the EU. 3. Both the countries have advanced following the capitalist model of development. The geographical vicinity between them might have caused mutual influence and serious undercurrents in the bilateral relationships. In the sphere of analysis of banking competition, J. A. Bikker and J. W. B. Bos have eloquently remarked, â€Å"In observing trends, we distinguish original causes, subsequent changes in banking behavior and in the structure of financial markets, and final consequences, aware all the while, that this classification may be somewhat arbitrary.† (Bikker, J. A. and Bos, J. W. B., 2008) In this way, country specific banking behaviour can be put in correlation with financial markets which are profoundly influenced by the bond markets and the quantity of national assets. With the lapse of time, apart from qualitative analysis, quantitative methods too have emerged as tools of critical importance in modern financial research (McCrary, S. A., 2010). The Panzar-Rosse revenue test to estimate the competitive circumstances and parameters in the realm of banking depends on certain empirical