PAPER 1 Essay Example | Topics and Well Written Essays - 1500 words

PAPER 1 - Essay Example However, one thing to note is that international relations have existed as long as states and that states are sovereign and are guided by informal rules in their relations. The purpose of this paper is to describe an international event of conflict or cooperation that has occurred since 1980, and evaluate it using theoretical approaches to international relations. There are many theories such as realism, liberalism/idealism, constructivism, Marxism and feminism, but the paper will focus on liberalism and Marxism. First, a brief summary of the international event will be given in order to understand how, where and when it occurred and to explain how it can be understood as an international event. Secondly, theories of international relations (liberalism and Marxism) will be used to discuss the reasons why the event occurred. This will give the roles played by the state, non-state actors, multinational corporations, etc. Thirdly, strengths and weaknesses of the two theories in explaini ng the event will be evaluated and a conclusion made about which theory is the most effective in explaining the event. ... Both first world and third world economies were not spared and are still recovering from the effects of the crisis. The crisis began due to an asset bubble bursting. Economists have blamed the event on monetary policy failure and deregulation of financial institutions, but international relations theorists have different versions of the reasons for the crisis. Financial institutions were not mitigating risks but instead making risky investments in form of mortgage backed securities (Davies, 2010). Housing prices had gone up and the government through mortgage lenders Fannie Mae and Freddie Mac was encouraging low income earners to take up mortgages at low interest rates. The financial institutions saw an opportunity to gain and thus gave mortgages even to subprime borrowers. Mortgage brokers sold the mortgage to banks which, in turn, bundled it into products which they securitized. They borrowed money from other banks to buy mortgages and securitize thus high earnings. The interests were later to rise and home owners were unable to pay mortgages, leading to mass repossession of houses and the housing bubble burst (Kolb, 2010). Financial institutions could not lend to borrowers anymore, leading to a credit crunch and slow economic growth. Financial institutions such as Northern Rock, Lehman Brothers and Merrill Lynch collapsed. Other casualties were insurance companies and stock markets due to falling share prices. A $700 bailout was offered by the Bush administration among other measures, but the economy was badly affected (Davis, 2010). Credit tightening and massive bailouts by US, UK and other western countries were a blow to third world countries that rely on foreign aid for development.

Write about how wars affected the art Essay Example | Topics and Well Written Essays - 250 words

Write about how wars affected the art - Essay Example and ending in 1918 witnessed some great Artwork of Sigmund Freud, who was the founder of a new art related movement named Surrealism, in which artists tried to portrayed the dreamy and subconscious thoughts of people controlled and impacted by war situation in a lifelike manner. A new style of art was formed by Pablo Picasso named as Cubism, and this style covered bold, geometric and sharp angles in artistic works. The arts during civil war i.e. from 1861 to 1865 was shaped and excelled by numerous artists like McNeill Whistler, who created extremely beautiful art based on the impact of French impressionism by using oils and drawings. Albert Pinkham Ryder created the idealistic artistic work by using various effects of emotions. Thomas Eakins focused on presenting extra ordinary sensitive works based on psychological impacts of wars. Among all these wonderful arts Winslow Home also contributed his works based on portraying landscapes and seascapes via watercolors (The Columbia Electronic Encyclopedia, 2011) The beginning era of revolutionary civil war also witnessed some breakthroughs of arts that involved energy and self confidence of American nation via art and represented it in form of strong builders. The war had string impacts on artistic works on all kinds and brought new breakthroughs in every