Developing Countries Essay Example | Topics and Well Written Essays - 2250 words

Developing Countries - Essay Example They are also countries that facing problems of environmental issues, health, education, housing and many sectors of underdevelopment. A developing nation, is that nation that have low standard of living, especially in the Economic, Political and social basis. A country where its people are getting low income, witnessing inflation, poverty and other features can be refer to as Developing nation. These countries can also be called 'Underdeveloped'. An Economist (Gerard Chaliand) who wrote on Developing countries, where he defines what all about developing nations and their features states that "The economically underdeveloped countries of Asia, Africa, Oceania, and Latin America, considered as an entity with common characteristics, such as poverty, high birthrates, and economic dependence on the advanced countries". Some features of developing nations include highly dependent on foreign goods. These sorts of countries always finding market for the finishing goods of developed nations. While in the developing nations most of the Industries are collapse not functioning, properly. As a result, they depend solely on importing goods from abroad for their people. There high rates of poverty in such countries, wide range of poverty and diseases and many other features. Socially, the developing nations are found with high rates of... Politically and economically, the features of the developing nations include social conflicts that in many of these countries continue to sabotaging their economies. Additionally, another feature of developing nations are those nations that always preferring their economy toward the betterment of Developed countries. Since we have read so far on the features of developing nations, even though in a nutshell, there is a need now to begin discussions on the main subject of the essay. DEBTS CRISES IN DEVELOPING NATIONS According to research conducted on the debt crises in the developing nations, its started dated back to 80s. (Seamus O'Cleireacain) (1990). explained when the crises of debts began in developing nations. He said "The crisis emerged over a weekend in mid- August 1982, when Mexico informed the United States and the International Monetary Fund (IMF) that it was unable to meet its debt payments. Soon, the crisis had engulfed other developing countries. It stalled forty years of economic growth in the Third World, producing the worse recession in Latin America since the 1930s. As the development process slowed, education and child welfare were among the budget items slashed in many countries, causing UNICEF to include the debt crisis among the factors contributing to a slowing in the decline in infant mortality. 1 UNICEF estimated that the slowdown in development had cost the lives of an additional half-million children, raising to fourteen million the number of under five-year-olds who die every year. The debt crisis also inflicted costs on developed country taxpayers and shareholders". At this point, it is important to state that it is noted that the origin of debts problems in developing nations begun since

Media empire and cultural entrepeneurs Essay Example | Topics and Well Written Essays - 3000 words

Media empire and cultural entrepeneurs - Essay Example The point is that U.S. media has increasingly transformed into an institution, which undermines the fundamental principles of democracy, functioning in the interests of a narrow group, not the general public. To express this fast-changing picture, they should act through the established basic institutions; moreover, these institutions must be different. The most important institutions, which impact on the formation of our understanding of the real social world is very strong, are â€Å"newspapers, magazines, radio, television, books and movies† (Bagdikian, 1983). In view of the system, that our perception of the world is formed under the persistent influence of the likes and dislikes, it seems that it very important to write about them. The content of the information activities of the newspapers and television stations depends on considerations of purely commercial nature, which determine its constant focus on the interests of large business, advertisers, and how far it is fro m the satisfaction of genuine interests of the U.S. population, wishing to obtain objective and comprehensive information (Bagdikian, 1983). Currently, â€Å"there is the age of the convergence of music production, creation, distribution, exhibition and presentation† (Sen, 2010). The unknown musicians have a great power to become famous thanks to their fans and self-promotion. The modern Media Empire has transcended the traditional borders and now, being pushed by digital technologies; it brings in new musicians, creates new artists and unites a great army of fans with a high speed. Online Media Empire has become more democratic and there is a chance for everybody to become a full participant of it: â€Å"Music has been the force which could cut across cultures and transcend borders. With a huge push from the digital technology, music is zipping around the world at the speed of light bringing musicians, fans and cultures together† (Sen, 2010). In accordance with the wr iter in Wired magazine: â€Å"Dragged down by its own bulk and ripped apart by therebellious energy of the file-sharing revolution, the recording industry hit rock bottom. That was three years ago. Today signs of renewal are everywhere: amazing technologies, smart business models, even ringtones as hit singles. The best part? An explosion of creativity from artists and fans alike. Rock on† (Sen, 2010). An explosion of creativity from artists can be compared to cultural entrepreneurship. The musical industry brings in great profits and there is a need to eliminate stereotypes of the necessity of almighty parents and all other staff as integrative components of being famous. The newly created bands and artists have opposed to illegal file sharing downloads on the Internet. Nevertheless, a flow of illegal downloads has increased a popularity of unknown artists and it would be wrong to prevent young artists from self-promotion-free-of-charge. Music is a spirit of a modern life. I t is fast and over existent. It sounds from our IPhones and is an integrative part of the life of a modern citizen. The social networks and sites of free music â€Å"transcend some of the traditional barriers that the entrenched music industry implemented, consequently musicians and artists now feel free and unencumbered by institutional constraints. Artists and bands are now in a position to regain control† (Devitt, 2010). Therefore, it is at the artist’