Debunking the myth of NGOs (non-government organizations) Essay

Debunking the myth of NGOs (non-government organizations) - Essay Example ?s global justice movement and colonial amnesia† the role of NGOs in Canada, even the Left-leaning ones, is in acknowledging and supporting the indigenous struggles. The NGOs have failed to acknowledge the link between colonialism and neoliberalism though they have acknowledged the latter as their enemy. According to Choudry, the Left-leaning NGOs in Canada do not acknowledge or support the struggles by indigenous people against neoliberalism. In order to substantiate this claim, Choudry points out that the issues of Indigenous people in Canada gained international attention as is evident from the fact that the 2008 UN Committee on the Elimination of Discrimination against Women urged Canada to conduct special inquiry into the atrocities against the indigenous women in Canada. Still, it is surprising to note that none of the so-called Left-leaning NGOs showed any interest or supported the struggles of the indigenous people. The reason for this is found by Choudry in the fact that even the Left NGOs are unable to acknowledge the existing element of colonialism in Canada, and hence, they adopt a ‘White progressive economic nationalist’ position. Thus, the NGOs fail to acknowledge the negative consequences of neoliberalism which surrounds them in various forms. While promoting baseless claims of nation-building, they fail to look into, or understand, the importance of the indigenous struggles. Choudry turns the eyes of the reader towards a factor that often goes unnoticed. That is nations like Canada, Australia, New Zealand, and the U.S are all colonies in nature, and in all these nations, the indigenous people are in the struggle to preserve their land and sovereignty. However, the NGOs, and the Left in general, think that the struggle by the indigenous peoples for the right to self-determination has nothing to do with the global justice movement. Thus, the NGOs in Canada tend to identify the transnational corporations, powerful governments and political

Markets Coursework Example | Topics and Well Written Essays - 1500 words

Markets - Coursework Example The latter performs the process of lending after purchasing securities from the market instead of directly giving out loans. These include insurance companies, investment trusts, pension funds, mutual funds and so on. The major outcome of financial intermediaries is to ensure that at all times there is a steady flow of funds, including cash, which moves smoothly from the surplus units to the deficit units. This in turn will result in regular investments to boast the economy and help support the growth of activities in the market in general. By doing so the ideal funds will be utilized in the best way, which otherwise would have generated only a marginal interest. Financial intermediaries who match the lender with the borrower help both by reducing their transaction costs. They also provide in-depth information to their clients to provide them with the best available source of investing their money. Information costs are substantially costs are reduced for both parties, namely the len der and the borrower, since they don’t have to spend resources from their own end to dig out extensive information. Hence, it is not surprising to know that in United States alone roughly 24.4% of firm investment was financed through bank loans that were taken from 1970 – 1985. (Gorton & Winton, 2002) This proves that bank loans (financial intermediaries) are the primary source of external financing globally no matter whether it is a developing or a developed country. Therefore, one can state that ‘financial intermediation is the root institution in the savings-investment process’. (Gorton & Winton, 2002) An outcome of this is that a large number of individuals and firms come together to make this happen, so that in case if one party fails to give a loan, another is available to support that. The huge pool ensures a constant availability of both capital and expertise which is available for all. The whole process can be summed up as ‘a value-creating economic process.’ (Scholtens & Wensveen, 2003) It can be concluded that financial intermediaries are not only providing a place for investors to borrow from, rather their role is more diverse and comprehensive. They are constantly and actively working to offer products that an individual investor can barely provide to a saver. This is the advantage of ‘cover for risk’, the basic reason behind why every saver will trust in a financial intermediary. Question 2 Stock markets all around the globe are the ideal modes of generating funds for businesses or companies that want to fulfill their capital requirements. It provides a very comprehensive way for investors to choose from a variety of stocks that best suit their needs (mainly risk and return). Any investor can select his own set of stocks of as many companies as he like and create a portfolio to reduce his risk in the market. One of the major roles of stock markets in the financial system is to provide the featu re of liquidity. This means that an investor can at any given time trade his security for cash when the market is operating. (Rohit, 2008) The incentive offered by this feature makes it a very promising driver of growth in an economy. The amount of trade or activity going on