Effect of Political Issues on the Finance and Common Stock in Kuwait Research Paper

Effect of Political Issues on the Finance and Common Stock in Kuwait - Research Paper Example The history, heritage and growing development of the country have allowed Kuwait to become unique in its own way. Along with modernizations being incorporated, the country also maintains its standard traditions and cultures as well (About Kuwait). As far as the economic and financial condition of the country is concerned, Kuwait in the recent years reflected improved results in the macroeconomic issues related to the country. However, there are challenges still existing for the company needing greater developments in the social and physical infrastructure of the country. This development is required for the diversification of the economic foundation of the country. Thus although the country reflected satisfactory results as far as the fiscal and external surpluses of the country are concerned, yet the concerns are in relation to the quality of the infrastructure, health and education that also considers the gross domestic product of Kuwait (Kuwait and the IMF). However, it can be rea lized in this regard that several factors may be responsible for the finance and common stock in Kuwait. The present study focuses on learning about the political factors that may have effects on the finance and common stock in the country. ... This was also followed by the reappointment of the post of Prime Minister in the country. In the present times, the situations have become violent where protestors have been found to break into the parliament and force the Royal Family to suspend the existing legislature allowing space for immediate elections. This has led to the opposition party taking the power of the majority of the parliament and a Prime Minister has been selected from a different background of the Royal Family from that what has been traditional. Disagreements and disputes between the parliament and the Prime Minister had arisen from the time when the government was being formed. There were differences in their choices where the Prime Minister wanted to involve parliamentary members in the deliberations and meetings, and the majority of the parliament had objections to it (Omar). The degree to which members of the parliament and other political performers in Kuwait opposed to each other and struggled in Parliame nt stay put restricted to the limits of the Royal Family, keeping hold of its patrimonial position in the social order. Political disagreements are, consequently, restricted to arguments between Parliament and ministers, the compelling of the Council of Ministers at the powers of the government, and, from time to time, the obligatory resignation of ministers or all the Ministers of the Council. On the other hand, modalities of antagonism in Parliament in the present times are gradually more professed as a righteous opposition to the preferences of the political management as Parliament has turned out to be ever more decisive of the Prime Minister as well and not only for the members of his Cabinet.

The Progressive Era Essay Example | Topics and Well Written Essays - 1500 words

The Progressive Era - Essay Example The middle class, frightened by the economic unrest of the 1890's and the actions of giant business organizations, was more willing to accept progressive reforms than it had been earlier. After the quick victory in the Spanish-American War, there was a new feeling of confidence in the nation=s future. Progressivism had many aims. The general aims of Progressivism were as follows: to extend political democracy by shifting control of government from the political bosses and powerful industrialists to the people; to curb the power of big businessmen, in order to give greater economic opportunities to small business and labor; and to eliminate the social ills of society through needed reforms. Although the aims of Progressivism were shared by all Progressivists, support came from many different groups. Progressives came from both major parties, as well as from minor or third parties. Important political leaders in the movement included Presidents Theodore Roosevelt and Woodrow Wilson, and Governors Robert La Follette, Charles Evans Hughes, and Hiram Johnson. Support came from the farm, because the farmers wanted their problems to be recognized. Support came from artists and writers, who wrote stories about social ills. Progressivism accomplished many things. Political democracy was extended by initiative, referendum, recall, and the short ballot. The Seventeenth Amendment was passed and provided for the direct election of U.S. Senators. The Nineteenth Amendment gave the franchise to women to permit the selection of party candidates by registered voters. Many limitations and restrictions were placed on trusts. Monopolies were prosecuted and the Clayton Act was passed. The Federal Trade Commission Act was passed as well. Many laws which safeguarded labor and the public were enacted. More adequate factory and building inspection codes were adopted, greater provisions were made for sanitation and public health, and Congress enacted the Pure Food and Drug Act and the Meat Inspection Act which further improved the quality of foods. Perhaps the most dangerous beliefs of the progressive era may be the uncritical acceptance of the power of state to coerce individual behavior. The idea of individuality, which is vital for democracy, seemed, at times, to be threatened. This acceptance of the government's control over its nation's individuality opened the door for the surge of socialist views. The idea of a 'cooperative commonwealth' began to take it's roots in American society. (Dittmer, 12-22) Such socialist ideas and government control over individual behavior was very easy to sell to the poor working class, which made up a high percentage of America, who had become over-burdened by capitalist oppression. The government's ability to gain strength was looked upon by this class as the only way to control the overpowering private sector, which were the big-businesses. As Wilson stated 'Our duty [government] is to cleanse, to reconsider, to restore, to correct the evil without impairing the good, to purify and humaniz e every process of our common life without weakening or sentimentalizing it.' .In the idea of government controlling 'every process of our common life' lies a great danger; the control of government lying in the hands of the people, not the