Evaluatin of Feasibility of Financial Stability in Increasingly Essay

Evaluatin of Feasibility of Financial Stability in Increasingly Globalized Economy - Essay Example There comes a question whether the current increasing trend of globalization is leading the countries towards financial stability or not, is yet to explore. This article critically discusses the question whether increasing globalization directs the financial stability in detail with both arguments in favor as well as against of this question. This article is structured in such a manner that it is divided into four major parts such that the first section emphasizes on the concept of globalization followed by second section which describes phenomenon of financial stability. Third section of this article provides arguments in favor of the statement that increasing globalization assists in gaining more financial stability followed by the last section which provides opposite arguments in contradiction of that statement. Conclusion will lead to an end of this discussion. Globalization The term globalization has different meanings and different interpretations but over here its meaning is t aken as the phenomenon due to which the individuals have come closer to each other beyond their geographical boundaries. Today, if any individual whether a person or a country wants to develop some sort of relationship with other individual, that decision is not even in his/her capacity such that all other individuals have joined hands and became a unit. So in case, if an individual tries to be isolated and independent from other individuals, this possibility has become quite rare. If this concept of globalization is viewed on a broader level in terms of the international relations developed among different countries of the world, an important trend can be noticed such that more frequent changes have emerged as the nations are shaking hands with each other despite of even having the worst historical experiences. The current trend which is highly adopted by the countries as well as leading towards an increasingly globalized society is the unification of different sorts of block on di fferent basis (Greenidge, 2008). These blocks are developed due to some mutual interests of the countries such that different backgrounds set the stage for the countries to develop such blocks. For instance, oil producing countries have developed their own block and decide as per their own preferences about the production and supply of oil. Similarly, some countries establish a block for their mutual economic interest like the case of European Union. There are blocks which are developed due to mutual defence related interests for the security of those countries. So in a nutshell, the most important reason behind current movement of emergence of globalization is the increasing pattern of building up various kinds of blocks based on the mutual interests of the participant countries (Greenidge, 2008). Financial Stability The concept of financial stability refers to the financial environment whether on an individual level of a country or on global basis such that the participants of tha t environment feel confident regarding the value of their economic and financial resources (Rahn, 2010). Basically, it is the confidence level of the people or countries that bring financial stability into that particular region. If the people or institutions are

Why Is Philosophy Valuable Essay Example | Topics and Well Written Essays - 750 words

Why Is Philosophy Valuable - Essay Example It characteristically aspires to something quite a bit more ambitious than the rhetorical and political, and presumes to be based on something considerably more substantial than mere assertion. Philosophical investigation is driven by a passion for things like insight, understanding, and truth. Philosophy is thus founded in the human need to make sense of the world and our place in it. What distinguishes it from mere personal opinion and credulity is its rejection of passionate convictions as sufficient grounds for belief and action, and its commitment to careful analysis and systematic reasoning (Granitto n.d.). Philosophy is the discipline which allows a person to be able to think rationally and irrationally. Philosophers are inveterate askers of questions, people who find intractable problems and issues in what to others seems obvious and utterly uncontroversial. It is not for no reason that the philosopher has been considered (to put it politely) a gadfly. So to approach the stud y of philosophy with the expectation of finding a coolly dispassionate endeavor governed by strict laws of logic and marked by widespread agreement on fundamental issues is to seriously misunderstand its nature and underestimate its difficulty. Philosophy is no mere marshaling of views, no purveyor of irrefutable, absolute truths. It is, rather, a messy and disquieting process in which cherished beliefs and comfortable assumptions are subjected to critical scrutiny. Both philosophy and criticism seek to educate sensibilities and enhance critical awareness, endeavors that, it should be noted, ultimately reduce esteem for the pedestrian and the commonplace. Criticism usually draws liberally on philosophical convictions, while philosophy can and frequently does seek to examine specific practices. Any academic discipline that teaches how to think rationally is valuable and worth studying. Yet it is hardly possible to engage in criticism without employing, beliefs as to what constitutes good or proper thinking: beliefs whose formulation and examination are explicitly philosophical undertakings. Philosophy's historical perspectives are no more lodged in some remote and distant past than acclaimed practices critics continue to enjoy centuries after they were created. Philosophy's voices continue to speak to us, and they have a great deal to say if only we try to understand their assumptions (Minton and Shipka 1990). Philosophy is valuable as the decisions and actions that shape philosophical practices are undertaken without such scrutiny. Such practices are likely to be haphazard and considerably less effective than we might hope. Even more to the point, they may inadvertently serve ends quite different from those we envisage. One's choice, in other words, is not so much between doing and reflecting as it is between practice that unthinkingly replicates an unexamined status quo and practice guided by critical awareness of carefully considered ends. Anyone interested in thinking who commits to systematic reflection on that interest engages in activity that is to some degree philosophical. Accordingly, the question is not whether to engage in it, but how to do it well. And we would do well to remember that there is more than one way to do it well. It is sometimes claimed that among philosophy's benefits is its capacity to inspire, to instill in people a