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Hello everyone, Corruption is operationally defined as the misuse of entrusted power for private gain. Facilitation payments, where a bribe is paid to receive preferential treatment for something that the receiver is required to do by law (e.g. an official processing a license application)...

Hello everyone, The free market is a system for allocating goods within a society. In a free market, prices for goods and services are determined only by the interchange of supply and demand. The means of production are privately owned, not government owned or controlled. Please share your views..

Hello everyone, The role of women in the family and the workplace has been an issue of great change and even greater implication throughout recent history. Changing social constructions of gender roles and family roles has led to a debate over the role of women in the home and the value or lack...

Hello everyone, International trade has always depended, to some extent, on states seeking a competitive advantage over one another. A developed country may, for example, import raw materials from an underdeveloped country, process and refine them and export finished consumer goods. Please...

Hello everyone, AN ARTFUL taxman, according to Jean-Baptiste Colbert, treasurer to Louis XIV, so plucks the goose as to obtain the most feathers for the least hissing.The issue of how it is best and most fair to tax is one that continues to vex governments. Please share your views..

Hello everyone, Progressive taxation is a fiscal policy system in which wealthier people pay larger proportions of their earnings in taxes than do less well-off people. Generally speaking, states that implement progressive tax regimes do so by setting up a number of tax brackets . Please share...

Hello everyone, James Tobin, a Nobel Prize-winning economist, first presented his plan for a tax on currency transactions in 1978. His plan was to increase slightly the cost of trading in currencies, by introducing a currency transactions tax. Proposals ranged from 0.003% to 0.5%. Please...

Hello everyone, High-rise housing is usually defined as a residential building with five or more stories, most of the time encountered in urban or suburban areas. Using technologically advanced construction mechanisms, high-rise housing initially emerged in the 1950s and 60s as a solution to...

Hello everyone, Slavery is the use or the threat of violence to make another do work without compensation, and usually involves the ownership of one person by another. It was abolished in the USA in 1865 and was universally abolished by the Universal Declaration of Human Rights in 1948. Please...

Hello everyone, "Grey" imports are goods which are intended for sale in one country or region by design of the manufacturer but which are available in an unintended country or region. While legal, they are considered on the fringes of ethical or socially acceptable custom. Please share your...

Hello everyone, Loss leaders are products that retailers sell at a loss – below the cost of sourcing, transporting and storing them. Such below-cost pricing is a tactic used to attract price-conscious consumers into stores, in the hope that they will also spend money on more profitable items...

Hello everyone, Despite the recession, house prices are historically high. With many people lacking disposable income, houses are still as unaffordable as ever. As a result, the landscape of homeownership in Britain is changing. Please share your views..

Hello everyone, Working time regulations are legal restrictions on the amount of time an employee can work for an employer without breaking the law. This debate focuses on the costs and benefits to imposing such a policy for an economy – benefits such as more people employed on a headcount...

Hello everyone, The issue of big versus small government is a significant in the election campaigns of many countries – and has recently been the subject of many hysterical pronouncements in the US. In reality no incoming government does that much to change the overall size of government...

Hi guys, Debt relief is often discussed as a possible solution to world poverty. Given the over 34% of the world’s population still live in poverty on less than $2 per day, the international community, and more specifically the G8 group. Please share your views..

Hi guys, Free trade's virtues have been praised for three hundred years. By allowing every country equal access to all markets, the theory says, you guarantee the most efficient allocation of resources and the cheapest prices for consumers. This means reducing tariffs, and quotas. Please share...

Hi guys, An Amnesty can be defined as ‘a general pardon, esp for offences against a government’.In the case of illegal immigrants this would be for the offence of entering and remaining in a country illegally and would in most cases not apply. Please share your views..

Hi guys, The precautionary principle has no universally accepted definition, the 1992 Rio Declaration on Environment and Development defined it as 'Where there are threats of serious or irreversible environmental damage, lack of full scientific certainty shall not be used as a reason for...

Hi guys, In 1930, there were between five and ten million wild African elephants; by 1990, when they were added to the list of critically endangered species, only about 600,000 remained1. As part of the effort to combat this threat, in 1986, ivory trading was banned by the United Nations...

Hi guys, This article will focus on some of the disagreements between capitalists and socialists, the debate will be located in a loose general framework between these two viewpoints and illustrate a couple of the most common propositional and counterarguments in the discourse. Please share...