The Middle East in World Affairs Research Paper Example | Topics and Well Written Essays - 500 words

The Middle East in World Affairs - Research Paper Example On the other hand, the increased freedom of movement present a number of challenges most of which have stifled the growth and development of most of the countries in the Arab region key among which include. The increased infiltration of organized terror groups, the Al-Qaida the most feared terror organization in the world managed to increase its membership in most countries within the Arab continent thereby presenting a major security threat to most of the Arab countries. This has made most of these countries un-governable making them more susceptible for foreign influence. Such terror gangs took over major businesses in the country thereby having exclusive control of the economy (SalameÃŒ  43). This has stifled the economic growth in the region besides spoiling the diplomatic relations between most Arab countries and most of the western countries that feel threatened by the increased terrorist activity in the Arab peninsula. Seclusion of the Arab culture, the increased interaction within he Arab community resulted in the development of more cohesive community that did not necessarily require foreign influence from either the west or other eastern countries. The Arab communities therefore limited their interaction to themselves thus fostering the development of the Islamic culture in the region. The countries have Islamic legal mechanisms while the markets have Islamic economic legislation thereby making it extremely difficult for other more liberal cultures and enterprises to thrive in the regions. Most of the Arab countries have oil as the only natural resource; fortunately, the oil is in sustaining quantities and most of them survive in proceeds from oil alone. However, instead of having prosperous economies, the countries face economic and security challenges all arising from the trade in oil.

Secretary of State Alexander Hamilton Essay Example | Topics and Well Written Essays - 250 words

Secretary of State Alexander Hamilton - Essay Example In 1790, Hamilton’s idea went through and the Bank of the United States was created with $10 million. The main sources of income for the bank would be the government securities, which were paid at 6% annually by the Federal government. Hamilton wanted to increase the available credit to the public and private enterprises as a way of ensuring circulation. Hamilton’s view was to sell Federal securities to the private sector to gain capital for developing the physical economy. Banks have adopted the Hamilton concept to issue students with credit cards as a way of encouraging growth of national credit worth as opposed to being debt free. Federal student loan and credit card debt account for $914 billion and $672 billion of the 2012 American household debt compared to $750 billion for auto loans (Department of Treasury and Education 30). Statistics indicate that in 2012, household debt grew to $11.31 trillion attributed to what families owe due to student loans, credit cards, home and auto loans (Sharma 31). The U.S. national debt is above the 100% of its GDP because of raising credit from securities. Therefore, the only way to correct the Hamilton mistake is by increasing revenues while applying spending cuts. Contrastingly, the deluge of credit cards targeting students increases their spending habits. This is detrimental to the economy since students owe the banks money and interest, which increase the American household debt. Moreover, Americans are least likely to develop the culture of saving for future financial stability since they continually incur debt because of using credit cards. In conclusion, the deluge of credit cards targeting students is contributing to household debt, which is detrimental to family life. American gain the habit of spending credit before even having it on hand and this trend is getting more students into debt. Thus, the Hamilton monetary policy of using