Does the process of Globalization help or hinder wealth creation in Essay

Does the process of Globalization help or hinder wealth creation in developing countries - Essay Example This is a group that favours activities of by such international institution as the World Bank, IMF and WTO that are seen as creating a level ground for all countries in the world to take part in international trade. However, there is an opposing group of critics of globalization that asserts developed countries have had an unprecedented benefits compared to developing countries. This essay explores how globalization has contributed to the process of wealth creation in developing world by analysis arguments by both proponents and opponents of globalization in order to determine whether globalization has helped or hindered wealth creation. There are a number of areas in which proponents of globalization argue that developing counties have benefited due to wealth creation accrued from doing business with other countries and multinationals. Due to the interconnectedness of the global economy, demand has been created for goods from developing countries therefore increasing the volume of trade. The increased trade has benefited the Newly Industrialized Economies from Asia that have been able to export their manufactured goods. These countries started off as developing countries but it is the access to international markets that resulted creation of wealth from capital inflow into their economies resulting in economic growth. The wealth created from international business has been used to reduce poverty levels by contributing to welfare state in these countries (Lechner, 2009). The level of knowledge and technological exchange that has been brought about by globalization is also an aspect emphasised by proponents of globalization. It is argued by proponents that the benefits of globalization to developing countries are not only in the area of direct foreign investments but the phenomenon has also led to the sharing of technical innovation between developed and

Uncompleted crime Essay Example | Topics and Well Written Essays - 1250 words

Uncompleted crime - Essay Example Article 105 of the Penal Law of New York contains the conspiracy of crime. There are various elements of conspiracy of crime in the historical statute of New York. First, the must be an agreement of persons in a contract to perform unlawful or illegal action. A conspiracy of crime is valid if different parties agree to carry out unlawful action. For example, in Mulcahy v R (1868) case, there was an evident of presence of an agreement between different persons. If the agreement is not present, the conspiracy of crime is invalid, and no conviction occur on the conspiracy. For example, in R v Thomson (1966), the charge failed due to lack of agreement between people to undertake unlawful action. Secondly, for the conspiracy case to be valid, the prosecution must give a clear evidence of the intention of various parties to join in the agreement for the purpose of carrying out a criminal activity. A case on conspiracy of crime can only be valid if there are clear intentions of parties involved either. Therefore, the conspiracy incorporates criminal liability according to the person’s intention. In the current Penal law, there are four main elements of conspiracy. To begin with, the actus Reus of conspiracy is present when an agreement by parties to carry out unlawful action is made. This means that, even if the planned action of the involved parties does not occur, parties are liable for committing conspiracy of crime (Gupta, 2013). The main purpose of their agreement must be clearly identified during the jurisdiction of the cases. The prosecution must highlight the main purpose of the agreement. If the purpose of the agreement is harmful to the public or cause fraud, the valid charge can be provided in the court of laws. In addition, conspiracy can also happen when there is unlawful purpose of the agreement, but the means applied in action is illegal (Harding, 1982). The overt act is greatly necessary in charging the conspiracy of crime. For