How the global financial governance should be reformed in the Essay

How the global financial governance should be reformed in the aftermath of the global financial crisis in 2008-09 - Essay Example An assessment of whether or not these measures are expected to succeed or not, with an explanation as to their potential issues or concerns, is incorporated in the subsequent discussion. Concluding remarks are thereafter given. Since the occurrence of the crisis in 2007, numerous papers have been written as to the phenomena that accompany the event. There are several schools of thought on the cause of the crisis, ranging from the philosophical to the financial and economic, from the realm of business ethics to the political. In this discussion, there will at one point or another be a tendency to take one perspective or another from among all the topics attributed to it, in an attempt to capture the implications and nuances of this significant event, and draw insights from there. In the end this paper hopes to answer the question as to how and why the crisis began and how it may be prevented from happening again. â€Å"The Global Financial Crisis of 2008-2009†¦revolves around private-sector financial institutions and public-sector regulators. This crisis featured the development of imaginative and complex new financial products, the collapse of major U.S. investment banks when those new financial products suddenly lost value, the spread of financial panic from the United States to other countries, the freezing up of credit, the frantic efforts of national regulatory authorities around the world to stop the bpanic by thawing credit and saving certain large financial institutions, and the desperate collective actions taken by international authorities to prevent the crisis from leading to another Great Depression.† (pp. 45-46) Expansive as such a definition might be, admittedly it still leaves out the whole range of economic problems and traumas resulting from these developments (Head, 2010, p. 46), considerations which are still

Essay Question Rewrite Assignment Example | Topics and Well Written Essays - 500 words

Essay Question Rewrite - Assignment Example Variances in connotations make new descriptive terminology and expressions assume new meanings. The meanings of words may also aimlessly â€Å"drift†, their functions having different value or implications with time. Furthermore, colloquial phrases may be regrouped to create new and unpredictable meanings that are different from the initial purpose of the phrase based on word grouping. 2. The Theme â€Å"Today’s Dialect is Tomorrow’s Language† runs through the text (p.92). McWhorter argues this as a kind of Mantra for the linguistic discussion: â€Å"Dialect is all there is.† Using McWhorter’s analysis of the eight languages of the Chinese Versus eight Chinese dialects, support your understanding of this theme in Chapter 2. McWhorter used the theme of â€Å"Today’s Dialect is Tomorrow’s Language† to create the impression that language’s true understanding is obtained through the analysis of different dialects that are broadly considered as language because it is their direction that determine what will eventually be considered as proper usage over time. Various language branches with distance themselves become languages over time. 3. The author describes how language proceeds in myriad directions. Dialects form by migration, communication and education. How would you relate examples of the family tree of making stew in discussing how language change and mixing is inherent according to the author (p. 93-94). Chapter 3 In order to understand McWhorter’s ideas on the mixing and change of language, one has to analyze the way he compares language to cross pollination. Change of language is natural as various dialects are formed by groups of people change and move language to suit their specific needs in a way that complies with the â€Å"family tree† metaphor. Furthermore, the author notes that as speakers of various dialects migrate and communicate with other