miércoles, 5 de mayo de 2010

AUSTRALIA

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The first inhabitants came from South Asia to Australia about 50,000 years ago. In the 17th century it belonged to Portugal, then to New Holland and in 1770 the Captain Cook claimed the island for Britain. In 1778 Australia became a penal colony what brought some criminals into the country.
Twelve years later the first free settlers started to come into the island and finally in 1901 Australia becomes a nation.

Australia defines itself as a multicultural country. It is a melting pot in which around 20% of the population is foreign born and 40% have mixed cultural origins. Since 1945 around 6 million foreign settlers and 600,000 refugees entered the country. The country has lots of programs in order to enable the positive integration of those foreigners into the society.

There have been some immigration policies that have shaped Australia’s present:
From 1901-1973:
- White Australia Policies: They only accepted people coming from Europe
- New policy accepted “distinguished” non-European People
Today:
- Humanitarian Stream: Refugees; the importance of reuniting families
- Skill Stream: Contribution to Australia’s development.

But besides all the Multiculturalism Australia prays and besides the “embracing diversity culture” there is an (commonly) untold history about aborigines’ discrimination. It looks like Australia loved multicultural societies… as long as they came from abroad… The history of “The Stolen Generation”

Aborigines and half-caste Childs were removed from their families to receive a “proper” education, get a better future and keep the purity of the white race. The removals occurred approximately between 1869 and 1970.

1869: The Victorian Board for the Protection of Aborigines is established. The Board allowed the Governor to order the removal of aborigines Childs to a reformatory or to industrial schools. The Board was able to remove children from station families and send them to dormitories. Similar legislations were accepted in other colonies such as New South Wales (1883), Queensland (1897), Western Australia (1905) and South Australia (1911).
1897: The Aboriginal Protection and Restriction of the Sale of Opium Act: It allowed the “chief protector” to remove aborigines from reserves. The power was held by the Director of Native Welfare (1939-1971), he was the legal guardian for all aboriginal children, and it didn’t matter if their parents were living or not.
1905: Western Australia Aborigines Act: Under it, the Chief Protector became the legal guardian of every Aboriginal and Half-Caste child under age 16. The rules that were governing the Aboriginal employment were laid down.
1911: South Australian Aborigines Act: the Chief Protector became the legal guardian of every Aboriginal and Half-Caste child under age 21; he can also control where the child lives.
1915: The NSW Aborigines Protection Board is given powers to remove Aboriginal children without a court hearing.
1994: “Going Home” Conference: It was held in Darwin where around 600 people that were removed since childhood met to share experiences, tell their history and talk about the effects the policy had on Aboriginal people.
1995: National Inquiry into the Separation of Aboriginal and Torres Strait Islander Children from Their Families, it is established to examine the effects of separation and identify possible solutions and find justification for any compensation.
1997: Bringing Them Home Report: It made recommendations, possible compensations and an apology to Aborigines. The Report made several key findings; one of the most shocking ones was that the removal of indigenous people continued.
The State Governments of Australia formally apologize to Indigenous People.
1998: Inaugural “sorry day”; it offered the community the opportunity to be involved in activities to acknowledge the impact of the policies of forcible removal on Australia's Indigenous populations. The day has been an event since then.

Finally in the year 2008 the Australia’s Prime Minister Kevin Rudd offered a formal apology to Aboriginal people.

QUESTION

When removed from their families, the children were prepared for “a better life”, how is that true or false when considering different perspectives?


Considering it from the perspective of the Aborigines it was completely false, because they were being removed from their families, preventing those kids from receiving love and growing in a real family. Kids became orphans that were imposed with rules, education and religion they didn’t knew. From their perspective (aborigines) they were not doing anything wrong so there was no reason at all for “kidnapping” their children. As one of the girls in the movie said, they were “sick” people that were doing nothing more than stealing their freedom and their essence.

From the perspective of the white people, they were right, they were providing a better future for the Aboriginal and half-caste children. They were giving the kids a place to sleep, food, clothes and they were being taught about all the good things a person needs to know to have a good future such as speaking English, praying to God and eating properly. The white people were truly convinced about the importance of mixing native children with white people in order to eliminate all that background that made aborigines an “inferior” ethnicity.


BIBLIOGRAPHY
Stolen Genrations Timeline. Available at: http://creativespirits.info/aboriginalculture/politics/stolen-generations-timeline.html
Movie: Rabbit Proof Fence

EUROPE

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The firsts steps towards the creation of the European Union began in 1951 with the creation of the European Coal and Steel Community, signed by six countries: France and West Germany, Italy, Belgium, Luxembourg and the Netherlands. In 1953, “The Six” signed the Treaty of Rome which consisted in two treaties that established the European Economic Community and the European Atomic Energy Community. Through the years the European Community got enlarged with more countries belonging to the Community.
In 1986 the European Union flag started to be used and in 1993 the Treaty of Maastrich was signed, this Treaty was the origin of the European Union as we know it today.

Today the European Union has 27 State members; the Union is the first economy in the world with a GDP of € 12276.2 bill; it has a population of 495 million people and has 23 official languages, with German being the most common native language.
Nowadays Croatia, Yugoslavia, the Republic of Macedonia and Turkey are candidates to enter the European Union.

Turks migration to Germany

Germany is the fourth economy in the world and the first one within the European Union, it has a population of about 80 million people and it is the world’s third destination for migrants. It is a Christian country with 64% of its population belonging to this particular religion.

The relationship between Germany and turkey goes back to the 18th and 19th century. During the First World War both supported each other, but the problems started in the postwar period mainly because huge migrations for Turkey to Germany. Turks lack of qualified hand labor but they got official work permission in 1971. By 1973 of all the Turkish that were living in Western Europe, around 80% were established in Germany.

If we oppose the German perspective towards Turks to a real analysis it is possible to see that Germans have negative feelings towards immigrants; but the real situation is that those migrants don’t have much aggregate on native wages and employment. From the German perspective immigrants create a burden for the public budget; a good analysis could show that Turkish population has the characteristic of being very entrepreneurial people bringing new business ideas. German population sees Turks as a threat to their employments, but it is possible to see a great Turkish participation in the house, car and stock market; it is said that Turks spend even more than native Germans.

Most Turks don’t have a diploma because of the language, but they say it is not the only barrier for Turkish population. Turks are very linked to traditions, they won’t deeply embrace German culture what creates a clash of cultures. Turks immigrants brought to Germany their own religious rituals causing the cityscapes to change mainly because of Mosques and Islam cemeteries.

It is possible to say that the actual situation in Germany with the Turks is the result of the evolution of 400 years of close relations between both cultures.




QUESTION

There is a current discussion around the existence of the co-determinism principle in Germany. Select, define and explain 3 arguments in favor and 3 against such principle.


Co-determinism is a German principle that states that employees should participate in the company’s decisions. Co-determinism means that firms are run jointly by the owners and the unions, giving them equal rights as the owners in the management. It was created as an initiative from the unions of coal and steel industries, the two most powerful unions in the country; they wanted to create a way “to prevent any future industrial baron from using the great mines and steel mills as the basis for a new German war party” (Co-Determinism System German Labor Weapon. The Milwaukee Sentinel. 4th August, 1953)

Arguments in favor:
· It promotes social integration and is highly motivating: As workers know they will be part of the decision making process and what they decide will also affect their future, they will feel motivated to do their best. By bringing into the table owners and union workers together they are promoting integration, the exchange of ideas and different ways to create opportunities and solve problems.
· Corporate policy making will deteriorate: It means that those rules imposed by managers without much knowledge of the workers situation is becoming to an end under Co-Determinism because if workers have the right to vote and the right to make decisions, they will have the needed knowledge of their situation and provide the proper knowledge to create proper solutions that leads to a policy making that goes along with real situation.
· Elimination of the system will do nothing to improve the quality of the supervisory boards: Removing union workers from the Boards does not necessarily means that quality will improve, in some cases it could mean a drawback because union workers bring ideas from a totally different perspective that needs to be taken into account because they are the ones that really know how the company works.

Argument against:
· More flexibility is needed in the globalized world: Union workers will try their best to protect their interest and will put some barriers for decisions that a company needs to take in order to grow in the long term.
· Bureaucratic model that no longer has place in the system: That model was created under a completely different situation; now that times have changed models need to evolve in order to be successful in today’s world.
· German industry is stable enough to do without co-determination: As said before that model was created under a specific situation that no longer exists and now that the world has become a different place the same solutions of long time ago does not apply. German industry does not need to be prevented from war but it does need a more flexible environment and co-determination is putting a barrier to it.


BIBLIOGRAPHY

Images from http://www.gettyimages.com/

Co-Determinism System German Labor Weapon. The Milwaukee Sentinel. 4th August, 1953


Explain what Islamic Banking is and its background.

Islamic banking is a banking system that follows the Islamic rules (Shari'ah) and principles which emphasize in moral and ethical values. The system was formed in the late 20th century when a group of Islamic banks were created to provide an alternative to Muslims, but it is important to say that these banks can be used by non-Muslim people as well. Islamic banks have the same purposes as the non Islamic banks, but they differ because the first ones comply with the rules of Shari’ah.
The main source for Islamic Banking is The Koran, followed by the sayings of Prophet Muhammad; in case that a problem does not find the solution in these two sources, a group conformed by scholars, independent reasoning of an Islamic scholar and custom must reach a consensus to provide the needed rules.

It is said that Islamic banking began with Prophet Muhammad himself, when he acted as an agent for the trading operations of his wife; but it was not until late 20th century that the Islamic Banking really developed when in 1963 the first Islamic bank free of interests started operations in Egypt.


What are the key principles of Islamic banking?

· Investments should be done in permissible activities
· Investments must be approved by and independent Shari’ah supervisory board in order to ensure that the investment is completely adhered to Shari’ah principles. If a deviation occurs, the business practice must be penalized; in Islamic finance penalties must be paid to charity.
· Investments with interests, gambling and speculation are prohibited because they are considered as exploitation.


Islamic law forbids institutions from charging interests on loans. How do they make profits when lending money?

§ Safekeeping (Wadiah): The person places the money in a bank and the bank guarantees to return the money anytime the person wants it. The bank may charge the person a fee for looking after his money and the bank may also pay gifts (hibah) to the person.

§ Profit Sharing (Mudharabah): It is a profit sharing arrangement between an entrepreneur and an investor. The investor will supply the entrepreneur with funds for his business venture and gets a return on the funds he puts into the business based on a profit sharing ratio that has been agreed earlier. This principle can be applied to Islamic banking operations in 2 ways: between a bank (as the entrepreneur) and the capital provider, and between a bank (as capital provider) and the entrepreneur. Losses suffered shall be borne by the capital provider.

§ Deferred Payment Sale (Bai’ Bithaman Ajil): A person picks an asset he would like to buy. The person asks the bank for a deferred payment sale and promises the bank to buy the asset from the bank at a mark-up price. The bank buys the asset and gets the ownership of it. Then the bank sells the good to the person at the established mar-up price. The person pays the price in installments over a period of time.

§ Cost Plus (Murabahah): this transaction involves the sale of goods at a price which includes a profit margin agreed by both parties. However, the seller must let the buyer know the actual cost for the asset and the profit margin at the time of the sale agreement.

§ Joint Venture (Musyarakah): refers to a partnership or a joint business venture to make profit. Profits made will be shared by the partners based on an agreed ratio which may not be in the same proportion as the amount of investment made by the partners. However, losses incurred will be shared based on the ratio of funds invested by each partner.

§ Hire Purchase (Ijarah Thumma Bai’): it is normally used in financing consumer goods especially motor vehicles. There are two separate contracts involved: Ijarah contract (leasing/renting) and Bai’ contract (purchase).

Explain the concept of ethical investments under Islamic law. Who is to determine whether an activity is allowed or not?

Ethical investments under Islamic law are all those permitted by the Shari’ah, those who does not go against Shari’ah principles.

All Islamic banks have set up Shari’ah Committees to guide them on Shari’ah matters and to make sure that they function in a manner that is in line with the Shari’ah. In addition, the advice of the Shari’ah Advisory Council which is the highest Shari’ah body can be sought to ensure uniformity in views and practices. The members of the Shari’ah Committees and the Shari’ah Advisory Council are academicians and Shari’ah experts in Islamic banking and finance. The Supervisory Board must be comprised of at least three Shari’ah scholars with specialized knowledge of the Islamic laws for transacting.

How does Islamic banking influence the economy in the Middle East?
“Islamic banking is an instrument for the development of an Islamic economic order.” (www.islamic-banking.com).
  1. "While permitting the individual the right to seek economic well-being, Islam makes a clear distinction between what is halal (lawful) and what is haram (forbidden or unlawful) in pursuit of such economic activity. In broad terms, Islam forbids all forms of economic activity, which are morally or socially injurious."
  2. "While acknowledging the individual's right to ownership of wealth legitimately acquired, Islam makes it obligatory on the individual to spend his wealth judiciously and not to hoard it, keep it idle or to squander it."
  3. "While allowing an individual to retain any surplus wealth, Islam seeks to reduce the margin of the surplus for the well-being of the community as a whole, in particular the destitute and deprived sections of society by participation in the process of Zakat (a tax on wealth that is distributed to the needy)."
  4. "While making allowance for the ways of human nature and yet not yielding to the consequences of its worst propensities, Islam seeks to prevent the accumulation of wealth in a few hands to the detriment of society as a whole, by its laws of inheritance."
  5. "Viewed as a whole, the economic system envisaged by Islam aims at social justice without inhibiting individual enterprise beyond the point where it becomes not only collectively injurious but also individually self-destructive."

(taken from http://www.islamic-banking.com/)



Based on your research and knowledge about this topic, what is the future of Islamic Banking in terms of global expansion and growth?


I think that Islamic Banking will continue growing and expanding in the world for several reasons. First I think that globalization has brought to the countries lots of people coming from different cultures, and Islamic culture is not the exception. With Muslims travelling and establishing in different countries it is very possible that Islamic banks will create subsidiaries to attend the market.
Second I think that Islamic banking provides an alternative for people and since those banks are not exclusive for Muslims they could become an interesting alternative for those who perceive regular banks as more than “fierce” capitalism that take advantage of the people charging them with huge interests.


BIBLIOGRAPHY

http://www.islamic-banking.com/. April 30, 2010

Islam’s approach to ethical investment. [http://islamicfinancenews.wordpress.com/]. May 3, 2010

Basic concepts and Principles of Islamic Banking.[http://www.bankinginfo.com.my/] May 3rd, 2010

Images from: www.bendib.com