Iraq War Annotated Bibliography Example | Topics and Well Written Essays - 1000 words

Iraq War - Annotated Bibliography Example In addition, it analyzes the question of the beneficiary in broader terms by looking at possible ways, long and short-term impacts. It also considers economic and interest of China and US concerning the aftermath of the war. This article notes that China has emerged as the biggest economic beneficiary of the war by snagging five lucrative deals, hence helping the nation to overcome its security risks. It also notes that China displaced US as Iraq’s trading partner making them loose on many opportunities and trade ties. The article notes that Iraq-US war led to the death of over 4500 soldiers and over 30,000 injured and more than $1 trillion operational cost in the US. Similarly, US failed to establish capitalist democracy, making them loose. On the other hand, Iraq lost over 100,000 civilians and the displacement of over 2 million people. This was a loss to the two nations involved in the war. The book talks about grafts in the Administration of George Bush and the ways it went down as a lasting damage to the country. The book also outlines the decisions that Bush took to invade Iraq without any positive impact on the Americans. According to the book, the US was a loser in the war against Iraq, and it will take the nation decades to recover from the effects. The book notes that neither US nor Iraq won the battle since they all loss because there was material waste among other factors. US failed to achieve its control, but instead laid a framework for other nations such as China to take control of Iraq. It concludes by stating that political mileage was never reached as America had anticipated, and this led to their loss. The author of this book argues that the US-Iraq war was a blessing to the enemies since Iraq benefited because Shiite got power after eighty years of oppression and exclusion under the leadership of Saddam Hussein. There was power balance in Iraq as minority communities

Corporate finance Essay Example | Topics and Well Written Essays - 1500 words - 2

Corporate finance - Essay Example Market efficiency is a crucial factor in deciding the investment strategies of an investor. If the securities market is efficient, the best estimate and returns will be reflected in the price of the shares and there will be no undervalued securities that would offer higher return than expected. However, opposite could be the case in the weak efficient markets. (WOOD, DASGUPTA & POSHAKWALE, 1995) THREE FORMS OF MARKET EFFICIENCY BY FAMA (1970): In this aspect the most contributing work was presented by Fama in 1970. He formulated a market efficiency hypothesis (EMH) which discussed the three types of market efficiency that can prevail in a capital market depending on the available information in the market. These three forms of market efficiency are (1) Weak form efficiency (2) Semi-strong form efficiency (3) Strong from efficiency. 1. Weak Form Efficiency: The weak form of market efficiency hypothesis asserts that the current stock price reflects all the information related to histor ical prices or past price movements only. This information includes trading volume, rate of return and market generated information etc. This form of market efficiency assumes that the current stock prices reflect all the past information and no one can earn huge profits by knowing information which is known to everyone in the market. This implies that the future rate of return can’t be predicted by using past rate of return and can’t provide with huge abnormal returns. In order to predict the movement of prices based on the past information a technique called technical analysis is sued widely. (BHOLE. 1982; CLARKE, JANDIK & MANDELKER, 2001) 2. Semi-Strong Form Efficiency: The semi-strong form of market efficiency hypothesis explains that the current stock price reflects all the publicly available information along with the historical information. The available public information includes: stock earnings and prices, declared dividends information, political, economy an d company related news, dividend yield ratio, price earning ratios, announce merger plans, available information in company’s financial statements, financial situation of competitors and stock splits etc. The assertion behind this form of market efficiency is the same that no one can earn huge profits by knowing information which is known to everyone in the market that is the information is public. In this way the public information is already absorbed into market prices and the investors can’t yield above average profits in such investments and markets. (BHOLE, 1982; CLARKE, JANDIK & MANDELKER, 2001) 3. Strong form Efficiency: The strong form of market efficiency hypothesis explains that the currents stock price reflects all the available information including public and private information both. It encompasses both the weak and semi-strong form of markets. In this hypothesis the emphasis is on insider dealings. It implies that, when both public and private informatio n is reflected in stock price, the directors or the bunch of individuals in the company who have more knowledge of the company will not be able to benefit from the above average profits. The difference between semi-strong and strong efficiency is that in a strong efficiency market nobody will benefit from the information that