Hyperinflation Essay Example | Topics and Well Written Essays - 1000 words

Hyperinflation - Essay Example There is great debate regarding the growth of money supply as the cause of the inflation. According to the large section of the economists, there is a strong correlation between the inflation and growth in the money supply. In that case, hyperinflation can be considered as the ultimate case of the money supply growth over the intensification in the production of the domestic goods and services. The reason behind the excess growth of money supply is relatively higher spending of money by the government in comparison to the collection of the taxes and charges. It further leads to the printing of more money to bridge the gap between the expenditures and the revenues. This excess creation of the money by the government is the root of increment of the demand in the economy which directly enhances the price level. Besides that surplus money supply can generate demand for the imported products instead of having a constraint in the foreign currency supply. Eventually it results in depreciati ng the local currency (Web Archieve, â€Å"Hyperinflation: Causes, Cures†). It has already been discussed that the paper is focused on the economy of Zimbabwe. Therefore, an in-depth analysis of the cause of hyperinflation in the nation and its effect will be demonstrated in the paper, but prior to that the global history of hyperinflation is exhibited below in a tabular format. In the above exhibited table the worst hyperinflations in the countries has been exhibited. Simultaneously, it also demonstrated a comparative analysis of the chosen country and the other countries in the world. Zimbabwe experienced hyperinflation for the first time in the 21st century. In this paper, it has been intended to produce the reliable record of the hyperinflation in Zimbabwe, which has been considered as the second highest inflation in the world history and one of the worst economic conditions in the world. Zimbabwe contravened the hyperinflation benchmark first in

Environmental politics Essay Example | Topics and Well Written Essays - 1750 words

Environmental politics - Essay Example â€Å"Environmental politics examines the evolution of environmental movements and parties, it provides analysis of the making and implementation of public policy in the area of the environment at international, national and local levels† (Environmental Politics) There are so many different laws agreed between different countries to protect environment. Kyoto protocol and Montreal protocol are international agreements signed by most of the countries. At the same time the sincerity of these countries in implementing Kyoto protocol and Montreal protocol is suspicious. Most of the countries are blaming others for their own failures in implementing the environmental protection treaties. Implementation of these environmental protection treaties may result in some economic losses to a country. In short, â€Å"The lack of progress on tackling climate change internationally is due to states economic interests†. This paper analyzes environment politics and the commitments and sincerity of the countries in tackling the climate change problems. According to Sprinz, & Vaahtoranta (1994), â€Å"States are not equally affected by atmospheric pollution†(Sprinz, & Vaahtoranta, p. 79). One of the major problems associated with environmental pollution is the fact that some countries were victimized by other countries. We can fix boundaries for our country with respect to the land, we can conserve our land properties from any kind of intrusions; however, it is difficult to block the intrusion of toxic gases from other countries. In other words, even if we are sincere in protecting our environment, it is not necessary that our efforts would be completely successful because of the intrusion of polluted air from our neighboring countries. It is quite possible that those countries which are more responsible for environmental problems may escape from the consequences whereas their neighbors may suffer from that. â€Å"A victim country A, that is, a country that is