Aids and it is obstacle to African development Essay - 1

Aids and it is obstacle to African development - Essay Example It can be noted that the effects of HIV/AIDS pandemic have a direct bearing on the development of the African countries. As such, this essay seeks to critically discuss the obstacles caused by the HIV/AIDS pandemic to African development by analysing the situation in South Africa, Ethiopia and Sierra Leone. The paper seeks to outline the direct effects of HIV/AIDS on development in these three countries as well as the measures that have been put by the respective governments to deal with the situation. Human Immuno-deficiency Virus (HIV) is contracted through birth, sex, sharing sharp objects such as a razor blade and over time the virus will spread over the body and weaken its cells. The weakening of cells causes AIDS- Acquired Immune Deficiency Syndrome which leads to illness and eventually death from related diseases such as tuberculosis or pneumonia and many others (Greyling, 2). HIV/AIDS is one of the most difficult catastrophes to deal with during the contemporary period given that a cure for this deadly pandemic is not yet available and may not be near in sight for quite some time hence the only option that is available at the moment is to strengthen the mechanisms to prevent, reduce the spread and minimise the impact of HIV/AIDS (Benjamin & Barry, 28). In the Sub Saharan Africa in particular, death rates have continued to rise because of the HIV/AIDS pandemic causing life expectancy to fall from an average of 50 years in 1990 to 46 years in 2002 (ADI, 14). AIDS related deaths were 2.2 million in Africa in 2001 and there were more than 30 million infected people. Both Ethiopia and Sierra Leone also have high HIV infection rates according to the report. In the same vein, South Africa is one of the countries with highest HIV infections in the Sub Sahara region regardless of its strong economic performance.

International bank managment essay Example | Topics and Well Written Essays - 1250 words

International bank managment - Essay Example They include market crashes and decreased GDP of any country. For the past a hundred years, there have been several economic crises in the world. Financial crises compose such economic crises. In fact, it looks like each decade has its own set of financial crises, which usually originate in one country and spread to the rest of the world. The 1930’s saw the Great Depression; the 1980’s saw the savings and loans crisis in the US and also the loan default crisis. The 1990’s saw the Asian currency crisis among a plethora of other financial hitches. The first decade of the twenty first century has not been spared either. The 2007/2009 financial crisis is considered in some quarters to be the largest since the Great Depression. This essay is going to compare the financial crises of the 1980’s with those of the 1990’s. The similarities and differences between the two periods will be given and explanations for the same sought. The essay will conclude with the writer’s opinion on what the financial world should expect in the first decade of the 21st century as far as financial crises are concerned. There were several financial crises in the 1980’s around the world. But perhaps the major ones were the debt crisis and the American savings and loans crisis (Carrasco 2008). The latter is referred by many as the 1980’s savings and loans scandal, a befitting term considering the factors that were surrounding it. According to Carrasco (2008), this crisis had its origins in the 1970’s. It is the accumulative effects of what transpired in the 1970’s that brought about the crisis of the 1980’s. There was what Wharton and Allen (2009) refers to as â€Å"petrodollar recycling† in the 1970’s. In the 1970’s, there was a considerable rise in the price of oil on the world market. This saw the oil exporting countries of the world, especially those from the Middle East, making considerable profits