StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Reading response - Essay Example

Cite this document
Summary
Employees fought for their compensation for the termination of employment and salary, but they were unsuccessful. On the process, they decided to form cooperatives and reopen the businesses on their…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER93.2% of users find it useful
Reading response
Read Text Preview

Extract of sample "Reading response"

Many factories and hotels were closed leaving the employees without payment. Employees fought for their compensation for the termination of employment and salary, but they were unsuccessful. On the process, they decided to form cooperatives and reopen the businesses on their own. This is a form of revolution as the employees moved from being employed to self-employment through court permissions (Frank 99). For example in Argentina when the economy collapsed in 2001, more than 160 factories were occupied by workers and operated as cooperatives.

Cooperatives formed a base for the beginning of social economy. Everyone perform the assigned task or the occupation he/she is capable of doing. Those who were unemployed perform artisan projects, vegetable gardens, and some bread factories. Farmers concentrated on the production of food, charcoal and any other food from the farm. Through these activities of production of goods and services, channels of distribution networks, retail centers, and markets emerged. This improvement on economy led to the improved standard of living among the workers.

There was improved infrastructure, which made the movement of goods and services to market easy and affordable. Other recreational facilities like schools, health centers, and sports ground were accessible and affordable to everyone. This is unlike the situations where they were controlled and limited in accessing the services by their employers (Frank 216). In 2007, a charter was signed which marked the foundation of The Bank of South. This bank was formed so that it can challenge the dominating banks like World Bank, International Monetary Bank, and Inter-American Development Bank.

The bank was very important, as it would give the participating governments an opportunity to use part of the collective currency. The part of the collective currency would be used to strengthen and improve Latin Americas economy by promoting cooperative development. The Bank of the South was advantageous, as it would free the participating nations from chains of underdevelopment and dependence. Those who invested in Washington Consensus were not happy about the Bank of the South. This is because they were supporting World Bank and IMF as the banks were in control of the poorer countries.

The banks controlled and regulated the poor countries on how to they can access credit and development financing. The bank restricted the poor nations not to default their debts and provide them with funds on difficult times. The nations would pay back the returns, which were very steep (Frank, 161). The bank of the South relieved the poor nations from these problems. The rate of economic growth, which was rapidly growing in 1960s, and 70s was very hard during this period when World Bank and IMF were controlling.

The Bank of the south would bring the growth rate back to normal. The improvement in the economy and freedom of the employees from the suppression they underwent as they were employed showed a great step in revolution and development. This would attract other neighboring nations to invest in these countries. As a result, this will stimulate the economic growth, as more industries will be created. This will offer employment to the unemployed residents leading the improved standards of living. In addition, professionals in various fields will migrate to these countries in search employment opportunities.

This leads to improved and quality services due to their expertise and professionalism. This opportunity of the workers forming the cooperatives will motivate other workers to realize that they can do anything to stand on their own employment (Frank 45). The hard work portrayed by the workers will attract other non-governmental organizations to support them in contribution of ideas, funds, and expansion of the cooperatives. The workers will have realized those financial institutions like World Bank and IMF which are using them, frustrating and suppressing their opportunities.

They shy away from these institutions and go to friendly bank like The Bank of the South. Reference Frank, Andrew. American Revolution: People and Perspectives, United States; ABC-CLIO, 2008.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Reading response Essay Example | Topics and Well Written Essays - 500 words - 13”, n.d.)
Retrieved from https://studentshare.org/sociology/1624533-reading-response
(Reading Response Essay Example | Topics and Well Written Essays - 500 Words - 13)
https://studentshare.org/sociology/1624533-reading-response.
“Reading Response Essay Example | Topics and Well Written Essays - 500 Words - 13”, n.d. https://studentshare.org/sociology/1624533-reading-response.
  • Cited: 0 times

CHECK THESE SAMPLES OF Reading response

Reading Response Paper

Instructor Date due Reading response The reading that I like best is reading three: our crown, our glory, our roots by Meah Clay.... due Reading response The reading that I like best is reading three: our crown, our glory, our roots by Meah Clay.... hellip; The reading I least like is reading one; when I was growing by Nellie Wong.... The reading on Our Crown, Our Glory, and Our Roots brings into my mind the struggle I witnessed among my friends who are black....
3 Pages (750 words) Essay

Close Reading/Reading Response

Reader response Essay I find the short story very interesting especially for the revelation of the great discovery ‘the secret' which Henry Cooper; the reporter is to report back to planet earth.... However, some internal conflicts arise within me when reading this story due to my spiritual believes that God created only earth to be inhabited by human beings.... The mere thought of what the reaction of other people would be concerning the findings increases my curiosity in reading the short story....
5 Pages (1250 words) Essay

Reading Response Question 2

The English language is to be taught by grammar and it should encapsulate the works of great writers such pope Cato, and Tillotson, it should also include reading and pronunciation skills.... Institution Date RRQ: According to Franklin, why should young colonial men have attended school when there were many practical reasons not to?...
3 Pages (750 words) Research Paper

Reading Response on Rogoff's Thinking with the Tools

Name Instructor Course Date Thinking with Tools in Relation to Rogoff Introduction When critically analyzing Rogoff argument three factors (culture, background and intelligence) play a part when testing cognitive skills.... As much as education plays a part in human brain development, the environment becomes the important factor in judging ability....
3 Pages (750 words) Essay

Reading response: Aboriginal voices

He must have Mother Earth where he came Reading response: Aboriginal voices The land upon which the man with no color settles now is our Mother.... All life flows from and goes back to the Mother Earth upon which all men have equal claim and stake.... Yet the man with no color tends to make boundaries on the land and tends to treat part of Mother Earth as his… Today that the man with no color is laying stake to Mother Earth, I wonder if tomorrow the man with no color will lay stake to the unending Sky....
2 Pages (500 words) Book Report/Review

Reading Response # 4

Either we can see the increasing popularity of beamed satellite TV as a glass half empty or half full.... Half empty because if we consider satellite TV to determine the policies that… ould dictate the opinion of the public sphere that would ultimately translate to public policies that will affect the youth and their issues, it would be too much to ask from a television program....
2 Pages (500 words) Essay

The Atrocities Perpetrated by Christians against the Indies

Also, most of the Christians College: Reading response The article is about the grievous atrocities perpetrated by Christians against the Indies in the of spreading the gospel.... The locals were harsh and unwelcome to the colonialists, as a response, the colonialists had to use cruel methods to deter any resistance from the locals and to weaken the resistance of the people towards receiving new instructions....
2 Pages (500 words) Essay

Reading response 3

Skinner argued that like animals learn specific tasks by means of Reading response on “THE ARTICULATE MAMMAL” by Jean Aitchison Aitchison has explored the mystery of language from a structural point of view.... The book has examined whether language is limited to human beings and how children acquire the technique of language, and whether language is innate or has to be learnt....
2 Pages (500 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us