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

Midterm Exam - Essay Example A country’s state of democracy is affected by its economic state due to the presence of funds and jobs, which reduces the level of poverty in individual country. According to researchers in these regions, oil as a source of wealth has played major role in the political democratization of these countries (Peruzzotti 34). They include the United Arab Emirates and other countries in the Middle East that are rich in oil deposits. However, various strategies have been put in place to help as sources of wealth since the economic levels of these countries largely influence democracy levels in these countries. Economic stability due to oil as a source of wealth in these Arab countries has largely influenced the political structure. Various economical factors have led to the democratization of these countries. The economic stability of a country accrues to a large percentage of the political stability. Economic stability means that there are enough funds to cater for the governmentâ₠¬â„¢s operations. Democracy highly depends on the level of literacy in the society. In most of the developed countries, education is highly valued due to its contribution to the level of democracy in the member states, a situation where people are a literate. Education directly or indirectly provides knowledge to members of the society. Most of the countries provide education measures that contribute to the level of awareness. Education of the public provides them with the knowledge to help the society to vote the right representatives in congress or parliaments according to the provided individual government. In most third world countries, illiteracy contributes to political instability, which entails to high rates of in democracy in most of the countries. Leaders from the gulf countries provide the public with political knowledge that helps them to vote for the right representatives. Oil has a major role in the provision of amenities such as education and other social amenities. T here are certain roles that come up due to the presence of oil in a country. Oil provides for the larger part of the country’s heritage by contributing to the tourism industry. The industry has contributed to the economy of these Arab countries due to the increased tourist attraction constructions such as the Palm Islands and other national projects that will help in the provision of funds to most of the running projects in these Middle East countries. Tourism is a project that has been put into consideration to help most of the countries to maintain their budgets after all of the oil reserves have been utilized. For example, countries such as Dubai have started constructing buildings and other tourism facilities that help in attracting the Western countries o these regions after the oil reserves have gone dry. This will balance the economy source of income, which must contribute to political stability in the country. Tourism will ensure that the provision of social utilizes such as education, health and other social responsibilities. Due to education, members of the society have the knowledge to choose some of the elite members. Elite politicians have a major role to shape the political structure in the community. In modern day society, provision of health activities has been an act from the politicians to search lure leaders to look for the best representatives in the community. Oil has contributed as the major source of income in the Gulf members, which helps in provision of funds to provide for government operations. Funds have contributed to health facilities which help in the control of social amenities a such as education that helps individuals to have a broader

Microlending helps small entrepreneurs start businesses Essay

Microlending helps small entrepreneurs start businesses - Essay Example Kiva is different from those of its traditional counterparts in the sense that it allows individuals and organizations to borrow and lend money online. What this means is that people do not have to go to a physical location to borrow money from Kiva or lenders. While many micro-lending institutions depend on money deposited by their members or bank loans to serve their customers, Kiva depends on lenders spread across the world for funds and has partnered with various local micro-finance organizations to disburse funds to loanees. While many micro-lending organizations are profit oriented, Kiva is a non-profit organization. The business model adopted by Kiva may not work with larger loans owing to the risks involved. In the event that the organization gave a large loan to a person or organization that is not formally established and without committing an asset as collateral, the organization (Kiva) may experience a huge loss in the event that the loanee defaults in payment of the loan. This means that lenders would not be able to recover their funds leading to loss of confidence in the organization. Without confidence or good will, the organization would ultimately fail or