Questions
3. THE HOMINID PROGRESSION 7.0 -1.0 MYA (i) The Ape Human transition (ii) The first Hominid...

3. THE HOMINID PROGRESSION 7.0 -1.0 MYA (i) The Ape Human transition (ii) The first Hominid candidates (iii) The Rise of the genus Homo (iv) Early Homo Lifestyle (v) Who was Homo erectus? (vi) Is Homo floresiensis a distinct type of hominid and if so where do they fit in the hominid progression?

In: Other

Art 100 Second, trace the subsequent development of art in the East and the West from...

Art 100

Second, trace the subsequent development of art in the East and the West from the Early through the High and Late Middle Ages by citing specific works of art or architecture and describing characteristic features these works exemplify. Be sure to include the each of the following terms in your discussion:

animal style

Carolingian

Romanesque

Gothic

In: Psychology

What have you observed about children in these two age groups early childhood and middle childhood...

What have you observed about children in these two age groups early childhood and middle childhood and do your readings from the textbook experiencing the lifespan 5th edition challenge or confirm any of the beliefs you might have had about children in these age groups prior to reading the textbook information?

In: Psychology

Economist and Nobel Laureate Joseph E. Stiglitz argues that the IMF has failed its mission to...

Economist and Nobel Laureate Joseph E. Stiglitz argues that the IMF has failed its mission to secure global economic stability. He identifies the reasons for this failure with changes in the IMF’s mission and economic policies. In his role as Senior Vice President and Chief Economist at the World Bank in the late 1990s, Stiglitz was privy to the policies and failures of the IMF. In his book, Globalization and Its Discontents, Stiglitz lays out an argument for why the IMF has failed in its mission to ensure global economic stability. Stiglitz argues that the IMF’s policies not only do not work, but often make matters worse for the countries in crisis. He highlights several problematic policies:

Capital market liberalization. The IMF pressures countries that petition for IMF loans to open their markets to outside investment capital. Rather than help matters, this approach often makes matters worse as it destabilizes the economy of the country as well as the global economy. Investors may invest huge sums in a country only to pull those investments at a moment’s notice, causing acute economic crises.

Latin America as the template. Stiglitz says that many of the the ideas of the “Washington Consensus” were based on the experience with Latin America. The economic growth in these countries had not been sustained, governments had let budgets run out of control, and loose monetary policy had led to rampant inflation. The belief of the Washington Consensus was that this had happened as a result of excessive government intervention in the economy. So, if government intervention was the problem, then government intervention should be limited. The Washington Consensus pushed for policies such as capital market liberalization. Stiglitz notes that even if this approach was appropriate for some Latin American countries, it did not make sense to apply this policy blindly to other countries in very different situations where this kind of policy might make matters much worse.

Insensitivity to strength of local markets. Stiglitz says that the IMF policy forcing rapid trade liberalization has not only not worked, but does not follow lessons learned from history. He notes the cases of the U.S. and Japan. Both countries had trade protection policies in place until their industries were strong enough to compete in a global market. However, IMF policies forcing trade liberalization on a developing country where industries are not strong enough can actually cause more harm. Local industries could not compete, and rising interest rates made job creation virtually impossible. Says Stiglitz, “Liberalization has, thus, too often, not been followed by the promised growth, but my increased misery.”

Taxation without Representation. Stiglitz notes that even though the IMF is a public institution, funded by money from taxpayers around the world, it is not held accountable to the interests of these taxpayers. He identifies the problem of governance as one of the prime “underlying factors” for problems with the IMF.   (Center on Law & Globalization)

Related articles about IMF/Work Bank/Globalization by Joseph Stiglitz

Main Post

Identify a criticism made by Joseph Stiglitz in regards to the IMF, World Bank, or globalization. In your response, provide the following:

Summarize Stiglitz's criticism and provide a citation to the article you selected (include website address if applicable)

Using two or more academic sources, dispute or support Stiglitz's criticism (provide full citations to sources)

In: Economics

Raymond Santana created Computer Solutions on October 1, 2019. The company has been successful, and its...

Raymond Santana created Computer Solutions on October 1, 2019. The company has been successful, and its list of customers has grown.

In response to requests from customers, R. Santana will begin selling computer software. The company will extend credit terms of 1/10, n/30, FOB shipping point, to all customers who purchase this merchandise. However, no cash discount is available on consulting fees. Also, Business Solutions does not use reversing entries and, therefore, all revenue and expense accounts have zero beginning balances as of January 1, 2020. Its transactions for January through March follow:

Jan.

4

The company paid cash to Lyn Addie for five days’ work at the rate of $125 per day. Four of the five days relate to wages payable that were accrued in the prior year.

5

Ray Santana invested an additional $20,000 cash in the company in exchange for more common stock.

7

The company purchased $5,800 of merchandise from Kansas Corp. with terms of 1/10, n/30, FOB shipping point, invoice dated January 7.

9

The company received $2,750 cash from Gomez Co. as full payment on its account.

11

The company completed a five-day project for Alex’s Engineering Co. and billed it $5,500, which is the total price of $7,000 less the advance payment of $1,500.

13

The company sold merchandise with a retail value of $5,200 and a cost of $3,560 to Liu Corp., invoice dated January 13.

15

The company paid $600 cash for freight charges on the merchandise purchased on January 7.

16

The company received $4,000 cash from Delta Co. for computer services provided.

17

The company paid Kansas Corp. for the invoice dated January 7, net of the discount.

20

Liu Corp. returned $500 of defective merchandise from its invoice dated January 13. The returned merchandise, which had a $320 cost, is discarded. (The policy of Computer Solutions is to leave the cost of defective products in cost of goods sold.)

22

The company received the balance due from Liu Corp., net of both the discount and the credit for the returned merchandise.

24

The company returned defective merchandise to Kansas Corp. and accepted a credit against future purchases. The defective merchandise invoice cost, net of the discount, was $496.

26

The company purchased $8,000 of merchandise from Kansas Corp. with terms of 1/10, n/30, FOB destination, invoice dated January 26.

26

The company sold merchandise with a $4,640 cost for $5,800 on credit to KC, Inc., invoice dated January 26.

31

The company paid cash to Lyn Addie for 10 days’ work at $125 per day.

Feb.

1

The company paid $2,475 cash to Hillside Mall for another three months’ rent in advance.

3

The company paid Kansas Corp. for the balance due, net of the cash discount, less the $496 amount in the credit memorandum.

5

The company paid $600 cash to the local newspaper for an advertising insert in today’s paper.

11

The company received the balance due from Alex’s Engineering Co. for fees billed on January 11.

15

The company paid $4,800 cash in dividends.

23

The company sold merchandise with a $2,660 cost for $3,220 on credit to Delta Co., invoice dated February 23.

26

The company paid cash to Lyn Addie for eight days’ work at $125 per day.

27

The company reimbursed Ray Santana for business automobile mileage (600 miles at $0.32 per mile).

Mar.

8

The company purchased $2,730 of computer supplies from Harris Office Products on credit, invoice dated March 8.

9

The company received the balance due from Delta Co. for merchandise sold on February 23. (Note discount period versus payment)

11

The company paid $960 cash for minor repairs to the company’s computer.

16

The company received $5,260 cash from Dream, Inc., for computing services provided.

19

The company paid the full amount due to Harris Office Products, consisting of amounts created on December 15 (of $1,100) and March 8.

24

The company billed West Leasing for $9,045 of computing services provided.

25

The company sold merchandise with a $2,002 cost for $2,800 on credit to Wildcat Services, invoice dated March 25.

30

The company sold merchandise with a $1,048 cost for $2,220 on credit to IFM Company, invoice dated March 30.

31

The company reimbursed R. Santana for business automobile mileage (400 miles at $0.32 per mile).

I am mainly interested in COGS and inventory transactions (journal entries), and both of the account end balances. Please show the work. Thank you

In: Accounting

Explain the intent and significance of the principles of cooperatives today. Are these principles still appropriate...

Explain the intent and significance of the principles of cooperatives today. Are these principles still appropriate and necessary for co-operative movement?

In: Economics

Discuss how you would summarize your understanding of how to appraise evidence for your co-workers.

Discuss how you would summarize your understanding of how to appraise evidence for your co-workers.

In: Nursing

Describe why co-transcriptional splicing provides higher fidelity splicing than post-transcriptional splicing.

Describe why co-transcriptional splicing provides higher fidelity splicing than post-transcriptional splicing.

In: Biology

Please, write down King Steel Machinery Co., Ltd. Market allocation and market distribution Thanks

Please, write down King Steel Machinery Co., Ltd.

Market allocation and market distribution

Thanks

In: Operations Management

AMERICAN GOVERNMENT:Should we encourage "whistle-blowers" insidebureaucratic organizations (govt)?  If you could work for a...

AMERICAN GOVERNMENT:

Should we encourage "whistle-blowers" inside bureaucratic organizations (govt)?  

If you could work for a govt bureaucracy (fed, state, local) who would it be? Why?

Do you have a positive or negative view of govt bureaucrats? Why or why not?

In: Economics