Globalization: Definition, Features, Merits & Demerits
Posted inEconomics Government & Politics

Globalization: Definition, Features, Merits & Demerits

Globalization is a phenomenon based on the continuous increase in the interconnection between the different nations of the world on the economic, political, social and technological levels. The use of this term has been used since the 80s. That is, since technological advances have facilitated and accelerated international commercial and financial transactions. And for this reason, the phenomenon has as many defenders - such as the International Monetary Fund (IMF) or the World Bank - as detractors.
Difference Between Privatization and Commercialization
Posted inDifference Between Economics Government & Politics

Difference Between Privatization and Commercialization

Privatization is a policy of the government created to afford individuals, corporate bodies, the opportunity to take over ownership and control of government enterprises, companies, etc. while Commercialization is a state policy of making its companies, enterprises, parastatals, etc, more efficient and even more profit oriented. It will also make these organisations come up with efficient management of resources.
Battle of the Vuelta de Obligado
Posted inHistory Studies

Battle of the Vuelta de Obligado | Naval War History

The battle of the Vuelta de Obligado was a warlike confrontation between the forces of the Argentine Confederation and an Anglo-French squad that tried to navigate the Argentine inland rivers. It took place on November 20, 1845 on the waters of the Paraná River, near the Buenos Aires town of San Pedro and within the framework of the Anglo-French blockade of the Río de la Plata (1845-1850).
Posted inGovernment & Politics

The Prime Minister and Cabinet in a Parliamentary Government

In a parliamentary system, a clear distinction is made between the head of  state and the head of government (Prime Minister), a executive and the executive. Here, the head of the state, King or Queen in Britain or President in India, possesses nominal or titular authority whereas the real authority rests with the government of which the Prime Minister is the head.