Research task case study Example | Topics and Well Written Essays - 750 words

Research task - Case Study Example This also affects the people around them especially children who sometimes, end up being psychologically tortured. Critically thinking, the UAE is not the solution to these maids’ financial problems as it only inflicts pain on them Foreign maids from impoverished countries account for about 23% of the United Arabs Emirates population, all of them desperate to at least to make a better living. The fact that the UAE is a country with adverse resources due to their huge oil reservoirs plays a major part in attracting these foreign maids (Mallinder, n.d). Some of these maids leave their native countries having in mind that they will help their families back home fight poverty. However, on reaching the UAE, their expectations end up being flushed in the drains as working conditions end up being so terrible. It is quite evident from the above information that foreign maids operate under very poor working conditions in the UAE. Foreign maids face a number of problems that psychologically affect them (Sabban, 2012). The major problem is torture and harassment, leading to physical pain and even deformities. The second problem emanates from the long hours of work with poor pay and lack of better food. Some of these female maids get sexually abused by their employers in front of the children, affecting these children psychologically and even leading to some of these maids committing suicide. Some maids end up committing crimes like beating up and even burning the employers’ children or worse of killing the employer. As a matter of fact, most of these foreign maids come from unprivileged backgrounds and hence need more psychological help and support than psychiatric evaluation before employment to adjust to cases of unsympathetic employers (Beasley and Thomas, 1992). Moreover, it reduces cases of crimes committed by the maids by a wider margin. Moreover, the Human Rights Watch, has called on the UAE

E1 Essay Example | Topics and Well Written Essays - 2500 words

E1 - Essay Example The paper elaborates the relationship between the financial development and the economic growth in China with the help of researches that are carried out by many proficient researchers (Zhang, Lanfang and Susheng, 2012). Allen (2005 cited in Zhang, Lanfang and Susheng, 2012), an eminent researchers has commented that China has been an important example of flourishing economy who have experienced the fastest growth in finance in more than 30 years. But it should be noted that the financial sector is governed by the state and is underdeveloped even today. The relationship between financial development and economic growth is generally negative. With the help of the provincial data between the period of 1990 to 1999 Boyreau-Debray (2003 cited in Ljungwal and Li, 2007) indentified that financial intermediation has affected the local economic growth negatively. Hasan, Wachtel and Zhou (2009 cited in Ljungwal and Li, 2007) with the help of provincial data for the period 1986 to 2002 has als o pointed out the fact that finance sector has negatively affected the economic growth of the country. But Chen (2006 cited in Ljungwal and Li, 2007) has argued the fact. By using the provincial data for the period of 1985 to 1999 had showed that financial development of China has contributed positively to the growth of the economy (Choong and Chan, 2011). He also examined the two channels, which contributed to the economy to be â€Å"the substitution of loans for budget appropriation mobilization of savings† (Zhang cited in Lanfang and Susheng, 2012). With the help of the provincial data of 1995to 2003, Cheng and Degryse (2007 cited in Zhang, Lanfang and Susheng, 2012) has examined the effect of expansion of the non-bank financial institutions and the banks on the local economic growth. He indentified that the development of the banks has positively affected the economic growth of China. Guariglia and Poncet (2008 cited in Zhang, Lanfang and Susheng, 2012) have used the data of period 1989 to 2003 and has identified two indicators for examining the relationship between economic growth and financial development in China. They concluded that the indicators for measuring the state intervention in financial development are negatively correlated with the economic growth of China. The indicators of market driven financing is positively correlated with the growth of the economy. Finally, Ayyagari, Demirguc-Kunt and Maksimovic (2008 cited in Zhang, Lanfang and Susheng, 2012) took the help of firm related data for examining relationship between growth of the firm and financing pattern of the firm, which can be informal versus formal finance. They explained that the formal financial system has encouraged the growth of the firms. Park and Sehrt (2001 cited in Zhang, Lanfang and Susheng, 2012) have identified that lending policy by the state banks have not fallen during 1991 to 1997 (Ljungwal and Li, 2007). Thus, it can be said that the financial development in Ch ina has created both positive and negative impact on the economic growth of China. 2. China’s financial development and economic growth China has experienced rapid growth in the economy after the reform in 1978. It has second largest economy in the world after United States and it can become the largest economy in the world in the coming 10 years on the basis of the Purchasing Power Parity (PPP) (Allen, J. Qian and M. Qian, 2005). China has always played a significant role in the development o