Rise and Fall of Civilizations During Pre-History to 1500 CE Research Paper

Rise and Fall of Civilizations During Pre-History to 1500 CE - Research Paper Example The current socio-political status-quo is said to be the continuation of the previous political world order. This paper aims to discuss the rise and fall of different civilizations and how the acted as a base to shape the contemporary political practices. The civilizations which have been chosen for the purpose of discussion in the paper are chosen on the basis of their impact on political contribution. Byzantine Empire Contribution to Political Diplomacy: Byzantine Empire was basically a facet of the Roman Empire during middle Ages. Likewise other civilizations, the Byzantine Empire had its own army and societal setup. Byzantine Empire had to face a number of challenges as the demise of the Roman Empire in its initial phase was noted. The era of Byzantine Empire can also be referred to an era of preservation of Roman traditions and values. The employment of diplomacy was concerned as significant in the era of Byzantine Empire. It can be said that most of the modern practices in the political diplomacy are inspired by the Byzantine Empire1. ... on made to the modern political practices of diplomacy, the Byzantine Empire ultimately led to its dissolution in the long run2 Anglo-Saxon Empire Contribution to Democracy: By going through the history of the Anglo-Saxon Empire, it becomes easy to understand that common language and the control of the ancestors on the tradition of a community can create a balance in the community. The political control was bestowed to the ancestors of the civilization as they were considered as the teachers of the forerunners. The Anglo-Saxon Empire is basically referred to the German invaders who invaded British during the 5th century. The contribution of the Anglo-Saxons on the modern political practice was their tradition of following meetings and discussion. This act of discussing any political action is considered as democratic act in the modern time. The political order in the era of Anglo-Saxons was stable and able to meet the needs of its people which ultimately led in increased loyalty from the people. It would not be incorrect to state that Anglo-Saxons could not survive for a very long period of time in Britain because they were divided into groups which fought frequently. The increased fights between these invader groups resulted in the fall of the civilization. Despite the interest of the civilization in maintaining army, Anglo-Saxons lost because of its own armed men3 Ottoman Empire Contribution to Bureaucratic Structures: Among different civilizations, Ottoman Empire is considered to be an Empire which lasted longer than any other Empire in the history. This Empire was also known as Turkish Empire which had its own supremacy in terms of monarch. The political control in the Ottoman Empire was strictly liable to the monarchs. The Empire is also known as a symbol of

The critical perspectives Essay Example | Topics and Well Written Essays - 2500 words

The critical perspectives - Essay Example As Jeremy (2011) points out that after the collapse of financial system, the efforts were directed towards repairing the system without realizing that the â€Å"system itself needed to change†. This book by the Nobel Prize winning economist appeals to rethink and reconsider the present capitalist structure in the markets. The author talks about how overspending and low savings have brought down the financial meltdown. He is very skeptic about the conditions prevalent in housing market. He criticizes how low interest rates to boost consumption and monetary expansion have brought lax control over the economy. Stiglitz predicts that it will take a long time before USA markets fully recover as he calls it â€Å"Japanese style recovery†, where markets will face low aggregate output and low wages. In his opinion America needs to fix its macroeconomic structure through increasing savings, reducing consumption and more allocation of funds towards issues such as town planning an d climate change. Turner (2010) states in a review that Stiglitz has made it the sources of the current crisis very obvious for those who argue that the current crisis was â€Å"unforseen†. He criticises the policies of Bush and Obama for bringing the economy to collapse in 2008. Stiglitz has criticized Obama for not developing a clear vision and strategy to improve the conditions of the economy. In fact Stiglitz accuses his lack of control over the economy which left the economy even more vulnerable at the hands of those running the financial sector than ever before. Stiglitz is also skeptical about how members of Bush’s administration continued their role in present government and are not rectifying the errors that created huge ups and downs in the business cycle previously. He has mentioned that the policies are made in a manner that increases the burden on taxpayers in case of any loss or bailout situation. Moreover Freefall also criticizes the role of retired bank ers in policy formulation and regulation of the financial sector, which according to Stiglitz has created a greater imbalance in power. Stiglitz strongly advocates imposition of stringent regulations and restructuring of banks. He accuses Obama administration for come under the influence of finance tycoons and failing to exercise control over the banks and other financial institutions which became too giant to handle a crisis. He still believes that large banks need to be broken up in order to right-size them; an example is Citigroup, which is too huge in size to handle. He also is dejects the use of mortgage securitization, and encourages to police derivatives. Analysis Economic Policies Stiglitz considers Keynesian economics to be the solution for the current prevalent problems, however there are a number of factors that place a question mark on this proposition. Firstly we need to understand that in order to predict the impact of an injection of funds into the economy, we need to know the GDP multiplier. This GDP multiplier is dependant over the banking system because they are the ones to extend credit to the private sector. Now if the banking system is itself so weak and in need of funds, it is difficult to say that it can bring the economy out of recession. Moreover we also need to understand the flaws of government control, an example here is for people to decide if they want to rely on private pensions or