Reaction paper of Ideoligy explore in venezuela Essay

Reaction paper of Ideoligy explore in venezuela - Essay Example Given its huge oil resources Venezuela should ideally command a lot of respect internationally as a economically stable state. This however doesn’t seem to be true with the larger percentage of it’s population living below the poverty line. At the time president Chavez took over the rains around 70% of the population was below the poverty line. It was expected and hoped that this condition would change. This however did not happen largely due to the ideologies adopted by the government. The gap between the rich and the poor is just too big considering the massive capabilities that the country has. The very thing that should generate prosperity seems to be driving the disparity. Oil should be good for any given country but when combined with corruption which is rampant in the country then the effects can be catastrophic as they are in this country. The oil industry is controlled by the rich and affluent political class. This class is well known for the greed with which they want to line their pockets with more wealth. They rarely consider the poor. The oil industry is very labour intensive which contributes for the high unemployment rates. Another factor that fuels this state is the fact that the country for the most part is dependent on imports which has never made it easy for any economy. Add to this the fact that every citizen is always trying to enrich themselves. Hoarding of these imported goods is rampart driving inflation in the country high (Dunaway 55). The high prices cause the government to try and rectify this and the most popular way for them is to make more money fuelling inflation. This inflation seems the poorer even poorer. One would argue that the best way to cure this would for a total overhaul the ideologies prevalent in the political class. Them being the main stakeholders in both the economy and the social level they are the ones who would drive any change in the country, ideological or otherwise. They need to

Contemporary Issues in Business (Individual Report) Essay

Contemporary Issues in Business (Individual Report) - Essay Example Over long periods of geological time, the earth’s climate has been constantly changing in response to the tilt and shape of the earth’s orbit as it moves around the sun, the strength and intensity of the sun coupled with the composition of the earth’s atmosphere, the basic shape and position of the continents. There has been strong evidence that some human activities such as the use of fossil fuels are responsible for the constant emission of harmful greenhouse gases that are now causing an increase in the earths temperate in addition to other changes in climate (Richter 2010). Greenhouse emissions are currently projected to increase significantly within the next few decades which will cause an increase in global temperatures and subsequently put to great risk the human society and natural environment worldwide (Pedersen and Nordic Council of Ministers 2000). Climate Change and the Greenhouse Effect The temperature on the surface of the earth is largely determine d by the balance between the energy that is constantly re-radiated to space from the earth mostly in the form of infra-red radiation and the energy that comes from the sun which is seen to be in the form of visible radiation (sunlight). When the sunlight passes through the earth’s atmosphere, it has relatively very little warming effect but when it finally manages to come into contact with the earth’s surface, it warms it and the earth in turn warms the atmosphere by both convection and via emission of infra-red radiation which are absorbed by the greenhouse gases (R.I.C. Publications 2007). The greenhouse gases eventually return some of the infra-red radiation back to the earth’s surface which ends up further warming the earth’s surface. An analogy of this chain of events is often made with reference to greenhouses which generally allow sunshine to pass through their clear plastic or glass which in turns stop the heat that is inside the green house from escaping into the atmosphere and hence the use of the term â€Å"greenhouse effect† (R.I.C. Publications 2007). Fossil Fuels and the change in Climate System Fossil fuels are formed when the bodies of living organisms die and remain compressed and heated over extremely long periods of time to form natural gases, oil and coal. When burned, fossil fuels are seen to produce significant amounts of energy a factor which causes them to be considered as an extremely valuable energy source. However, the burning of these fossil fuels produces the emission of carbon dioxide, resulting in the introduction into the carbon cycle of carbon that would have otherwise still remained trapped in the earth’s geosphere (Downie, Brash and Vaughan 2009). It is currently estimated that the burning of fossil fuels is responsible for adding to the atmosphere an estimated 3.2 billion metric tons of carbon. Because the earth’s carbon cycle is unable to absorb all of this excess carbon bein g released into the atmospher