Wednesday, January 29, 2020

Financial statement Essay Example for Free

Financial statement Essay Accounting mainly involves analyzing, interpretation and reporting of business transaction records. Accounting provides information for decision making to the management. The purpose of accounting is to maintain proper control of finances of an organization. In other words, accounting is an information system whose purpose is to provide essential information about business financial activities. It is primarily involves design of record keeping system, summarized reports based on the recorded data and eventually interpretation of the reports. (Duane and Charles 1991; Martin Fernando 2002). Four basic financial statements are: Balance sheet: This records assets and liabilities as well as owner’s equity of a business entity. Assets include current assets such as cash, debtors, securities, and prepayments. Long term assets include land, machineries, plants, and furniture. On the T account liabilities are recorded on the right hand side. They include current liabilities and long term liabilities and owners equity. The first step towards preparing financial statement is recording the transactions in the journals. Then the accountant will prepare ledger accounts for every item e. g. machinery, wages, furniture, cash accounts and so on. It is from these ledgers data to prepare the basic financial statement is derived from. The relationships Net income/loss reported in income statement forms part of owner’s equity items. If net loss results, it is deducted, if net income results then it is added (in the owner’s equity statement). Owner’s equity as at end of trading period from the owner’s equity statement is recorded in the balance sheet as owner’s capital. Net cash reported in the cash flow statement is the cash reported in the balance sheet (Carl etal 2008) Users of financial Statement Financial statements are very useful to managers, investors, creditors, and employees. Managers need to know performance of the business in terms of profit, costs, liquidity, and solvency status so as they appropriately plan and make decisions for future. These statements also help them in budgeting and forecasting the performance. Investors are concerned about maximization of their wealth. These statements show the dividends and other incomes rewarded. They can use the statements to judge potential earnings from the firm. Creditors offer credit facilities to a business. They use these statements to evaluate a business liquidity and solvency status so as they may be able to know ability of a business to meet its short term and long term liabilities. Employees are also concerned to know the performance of their employer. Good performance means continuation of their employment while poor performance is a threat to their employment. (Bhabatosh 2005) Objectives of financial reporting Financial reporting is to provide information for decision making. It is also help in forecasting, budgeting, control. Financial reporting determines financial position of a business entity. It also shows income earned. Financial reporting is meant to be used by both internal and external users. Accounting principles, assumptions and constraints Accounting principles includes: cost principle; which state that assets and liabilities should be reported at acquisition cost rather than market cost, Revenue principle; state that revenue should be recorded when goods pass into the possession of the buyer (when realizable or earned. Revenue should not be anticipated), matching principle; state that expenses should be matched with revenues accruing from a certain transaction, Disclosure principle; state that, any information that may affect decision making should be disclosed. (Jerry etal 2004). Assumptions includes: Going concern; a business entity is assumed to be continuing with operations indefinitely, Business entity; this state that business and the owners are separate entities, Time period; operations of a business entity can be divided into time periods, Monetary unit assumption; a stable currency as unit of account is assumed. (Jerry etal 2004). Constraints includes: Objectivity principle; financial statement should be objective based on evidence, Materiality principle; any item that is likely to influence decision of the financial accounts user should be included, Consistency principle; accounting principles should be used be consistently. (Jerry etal 2004). Accounting equation; The accounting equation is: assets =liabilities + owners’ liabilities. Business transaction leading to increase in assets will affect assets side. However this has to be funded by either owners or creditors. Meaning that, the equation will always be balanced. Conclusion Accounting reporting purpose is to provide information for decision making. Accounting standards by both international and national accounting bodies should be adhered to in financial reporting. Basic financial statements are balance sheet, cash flow statement, owners’ equity statement, and income statement. These statements are very useful to both internal and external users as far as decision making is concerned. Reference Duane, R. , Charles, S. (1991). The Essentials of Accounting 1. Research Education Association. Martin, S. , Fernando, A. (2002). Financial Statement Analysis: A Practitioner’s Guide. John Wiley and Sons. Bhabatosh, B. (2005). Financial Policy And Management Accounting 7th Ed. PHI learning Pvt. Ltd. Carl, S. , James, M. , Jonathan, E. (2008) Accounting. Cengage Learning. Jerry J. , Donald, E. , Paul, D. , Barbara, T (2004). Accounting Principles, Part 1. John Willey Sons

Tuesday, January 21, 2020

Alcohol and its effects Essay -- essays research papers fc

Alcohol is a large part of American culture. All over the United States drinking is not only acceptable but a social norm from teenagers to adults. This is not only the case in the U.S., but all over the world, where some drinking ages are 18 and 19 years of age. In America specifically, alcohol has been around for centuries and is a large part of many social gatherings. Although this is the case now, in the early 1900’s during the prohibition period, all alcohol was banned and deemed illegal to possess. Even though illegal, the task was just too heavy and alcohol was too much a common practice for most Americans. As time went on the prohibition period ended and the laws were revoked, making it legal again to possess alcohol. The drinking related problems that were around during prohibition pale in comparison to the problems alcohol has caused since then. Many people wonder if kids are drinking earlier and earlier and they feel the drinking age should be raised. On the other hand many people are against raising the drinking age, mainly those whom would be affected by this decision, Americas youth. From its affect on society, including its appeal towards young adults, to the diseases it causes, the problems of alcohol abuse are widespread and in many forms.   Ã‚  Ã‚  Ã‚  Ã‚  It is a known fact that many Americans drink alcohol on a weekly basis. Depending on the rate and volume of consumption, alcohol has many different effects on the human body. Light drinking has been proven not to be a problem, and is even considered to be healthy. A glass of Red wine once a day is known to be beneficial to the heart. It helps prevent coronary heart disease by reducing plaque deposits in the arteries surrounding the heart, preventing blood clotting, while also helping to dissolve clots that already exist (Rehm 1210). Moderate and heavy drinking is a different story though. When drinking to the point of moderate to heavy consumption, there is a greater risk for personal injury. Car accidents are not the only causes of injury when under the influence of alcohol. Many incidents of injury are directly related to alcohol consumption including violence, and accidental personal injury. This being said, drunk driving is the main cause of death associated w ith alcohol consumption (Rehm 1220). Researchers have found that with increased volumes of alcohol consumption on... ...  Ã‚  Health and Research World, 1991, 52. This article speaks of adolescent alcohol use and abuse. It examines the lack of research done on adolescent health issues and the current knowledge of the consequences of adolescent alcohol consumption. The article also presents strategies on how to inform and clarify the issues of adolescent alcohol abuse. Brad Mackay, â€Å"Alcohol Rivals Tobacco for Health Impact: WHO,† Canadian Medical   Ã‚  Ã‚  Ã‚  Ã‚  Association, June 8, 2004, 1778. This article was short but provides a good comparison of alcohol and tobacco. The article presents good facts while giving good suggestions for solutions to the rising problems with alcohol. Jurgen Rehm, â€Å"The Relationship of Average Volume of Alcohol Consumption and Patterns of Drinking to Burden of Disease: An Overview,† Addiction Research Institute, May 8, 2003, 1209-1228. This article is aimed towards a large study to estimate the global burden of disease attributable to alcohol. The article tries to identify the relationships between average volume consumption, patterns of drinking, disease, and injury outcomes. The article also gives many numbers to back up its points.

Monday, January 13, 2020

Nietzsche and the Nazis Essay

The word â€Å"Nazi† has been recalled with feelings of regret, fear, horror and the threat of violent crimes throughout human history. However, nothing can conceal or change the reality of the period of Nazi Weltanschauung and its consequences for humanity and culture. It was a deep refreshment of German souls as the Aryan race and a collective movement of intellectuals, writers and social leaders in support of Christian and Protestant society against Jews. Nevertheless, the appealing eccentricity of the growing ideology among anti-Semite writers and thinkers very much attracted the attention of the Nazis. They examined the complex philosophical works of Nietzsche, Hegel, Fichte, Treitschke, and Huston Stewart Chamberlain, and ultimately concluded with the hard philosophy of Nazism, including racist, nationalistic, and anti-Semitic attitudes (Aschheim, 1992, p. 123). It was not very difficult for Nazis to find a way to utilize many intellectuals’ ideal systems, philosophies and literature as they proceeded in the way that led to the holocaust and racial genocide. For instance, Wagner hated Jews, thus, his operas contained myths, fighting, pagan gods, heroes and demons. As an artist, Wagner had bred the growing hunger of anti-Semitism with his art to a great extent. Besides Wagner, Huston Stewart Chamberlain, the British author who was the composer Richard Wagner’s son-in-law, deeply influenced Hitler with his fundamentally racist text â€Å"Foundations of the 19th Century,† and understanding this helps to explain why the Holocaust took place (Harms, 2001). Nonetheless, Hegel believed that the state was everything and war was a great purifier. Thus, the idea of restoring the ethical health of people was borrowed from Hegel’s philosophy by the Nazis. On the other hand, politicians like Georg von Schà ¯Ã‚ ¿Ã‚ ½nerer, a German nationalist and a strong anti-Semite, and Karl Lueger, the mayor of Vienna, supported Nazi Weltanschauung from the heart by their political policies and notions. However, unlike the other cultural icons Nazis utilized, the relationship between Nietzsche and the Nazis developed in an odd, but widely effective manner. Nietzsche’s influence as a philosopher and a writer was apparently limited to his closest friends and some intellectuals in Austria, France and Denmark (Canada, 1997). His books were not widely read or considered by publishers. However, after becoming insane by the end of the 1890s, his fame immediately spread around Europe and he became a figure of considerable importance in German history. Macintyre states in his book â€Å"The Forgotten Fatherland† (as cited in Canada, 1997) that Nietzsche’s name started to appear in popular German journals and newspapers as well as numerous books, which collectively promoted him as the â€Å"philosopher of the time, whose influence is stirring the entire cultural world.† This shift in the attitude toward Nietzsche and his work was a bit because of the ideological movement from rationalism and empiricism to romanticism during the end of the eighteenth century and the beginning of the nineteenth century, according to Hinton’s â€Å"Nietzsche in German Politics and Society† (as cited in Canada, 1997). Consequently, suffering the subjugation of Napoleon as well as witnessing the growing strength of the West, the German population, experiencing a sense of inferiority, attempted to assure itself of its innate superiority by glorifying its history and culture with no doubts, according to the point of view Kohn (as cited in Canada, 1997). At this point, Nietzsche’s mental â€Å"death† made him a prime target for this German myth-making project. Nietzsche and his philosophy’s affiliation with the Nazi movement occurred as a product of the need for raw material to build a new valid consciousness for humanity under the unity of a superior nation. Hitler and other Nazi leaders made use of Nietzschean philosophy wherever possible. In other words, Nietzsche’s philosophy was a â€Å"blueprint† for the Nazis’ war, and they took Nietzsche’s logic to drive the atheistic world view to its legitimate conclusion (Krueger, 2001). Nietzschean phrases and themes, such as â€Å"lords of the earth, the will to power, herd instinct,† were most often used in public speeches, and written expressions of Nazi leaders, furthermore, appeared even in Hitler’s book, â€Å"Mein Kampf,† many times. Nietzsche’s open-ended philosophy gave big opportunities to Nazis as a means of support for their war. For instance, in â€Å"The Will to Power,† Nietzsche exclaims (as cited in DeLong, 1959): â€Å"A daring and ruler race is building itself up†¦. The aim should be to prepare a transvaluation of values for a particularly strong kind of man, most highly gifted in intellect and will. This man and the elite around him will become the ‘lords of the earth.'† Ultimately, the idea of superior German nation, the idea of superior individuals – overmans, in other words – as members of that nation and the idea of exerting extreme power over others that were inferior and weak, emerged as the fundamental codes of Nazi culture, and keywords for their aim. Nietzsche played a key role in the development and preservation of the cultural and ideological foundations of the Nazis (Canada, 1997). In short, in terms of political culture, with his peculiarity; Nietzsche had a significant role in German history by having an important effect on the Nazi movement. As Crane Brinton states (cited in Geib, 2001), Nietzsche called for the superman; Mussolini and Hitler answered the call. Nazis and other anti-Semites perceived Jews as scapegoats in every situation, even for their own personal failings. They never forgave the Jews for possessing â€Å"spirit† and money, and named them as underprivileged (Canada, 1997). This notion was very similar to the one that Nietzsche used to describe his overman in â€Å"Thus Spoke Zarathustra† (1967): â€Å"For that man be delivered from revenge that is for me the bridge to the highest hope and a rainbow after long storms† (127). At this point, it is clear that, according to the point of view of the Nazis, Nietzsche’s open-ended philosophy was working for them and their goal, while making Nazis’ ideologies concrete and reliable. The Nietzschean overman was the model of the Aryan race, which was destined to conquer other lesser races in the global struggle for racial supremacy (Canada, 1997). Nietzschean â€Å"heroic idealism† embodied the virtues of hardness, masculinity, leadership, courage, power, struggle, and the various other characteristics promoted by the Nazis. By introducing the overman to humanity, Nietzsche advised people to challenge themselves, not to live passively. It was a good reason for anti-Semites to take action and responsibility in the way that led toward creating a higher against reproducing a lower. Having a great willingness to be powerful in order to take possession of the life and destiny of a superior race, Nazis needed the cooperating hand and inspiration of Nietzsche’s philosophy, and Nietzschean themes and phrases, such as â€Å"the will to power.† Because Nietzsche cried out for the survival of the strongest, thus, a strong world while building his philosophy and creating the overman, at the same time, he supplied Nazis with a strong argument that they later used to reinforce their ideological system and movement. As Nietzsche exclaimed for the masters and slave morality, anti-Semites perceived themselves as the master of the world, commanding the rest as humiliated slaves. They treated people other than anti-Semites as dangerous creatures or obstacles threatening the cultural and racial superiority of the Aryan state. By exerting force on them, Nazis kept themselves safe from the misfortune and curse of declining Jews. They stepped forward in every situation that gave them the chance to realize the Nietzschean slogan: â€Å"Whatever does not kill me makes me stronger.† Moreover, they preferred war and courage to charity, with the illumination of the Nietzschean phrase, â€Å"Ye shall love peace as a means to new wars† (as cited in DeLong, 1959). They fought for years, lived dangerously and tried to become â€Å"hard† in terms of the Nietzschean will to power. War against the lower to attain the higher was a kind of ritual for the purpose of the Nazi movement. Besides all the inner attractive forces of Nietzsche’s philosophy for the Nazis, Nietzsche’s Sister Elizabeth (who was a radical anti-Semite), had a vital influence in the affiliation of Nietzsche and the Nazis. She interpreted everything in Nietzsche’s philosophy as creating a perfect accord with Nazi ideologies and values. In other words, she served Nietzsche’s philosophy on the ideological plates of the Nazi leaders as the main food of their meal. After the death of Nietzsche, Elizabeth took over the control of Nietzschean ideas and themes, and immediately hurled them upon the Jews with ideal appropriations she could succeed in making legitimate. For instance, as Kaufmann states, Elizabeth published new editions that incorporated her own introductions, which were intended to explain those passages that seemed antagonistic to the pro-German image of Nietzsche she was attempting to create. In many instances, Elisabeth rearranged material and included new passages in her editions of her brother’s work (as cited in Canada, 2001). In short, Elizabeth reflected Nietzsche as a German patriot and a heroic warrior in the Nazi movement (Aschheim, 1992, p. 47-48). After all, Elizabeth Nietzsche became an important icon for the Nazis as both the sister and a wonderful follower of Nietzsche. Rosenberg’s elaborate funeral service for â€Å"Zarathustra’s sister† was the best example of Elizabeth Nietzsche’s importance. On the other hand, anti-Semitism was the mainstay of the Nazi movement, and the structure of the Nazi movement was shaped completely according to the spirit of anti-Semitism. The Nazis built their education and jurisprudence system upon the basis of the Nietzschean philosophy. â€Å"Heroic idealism† and â€Å"the will to power† were the basic themes of the Nazi education system, where they perceived Nietzsche as their teacher (Aschheim, 1992, p.234). In this way, the objective of education was fairly clear: Nazis wanted to manufacture efficient, clever, and brave soldiers and leaders of tomorrow’s Germany. Under the direction of Rosenberg, Hitler’s appointed supervisor of German educational activities, along with Bernhard Rust, the Reich Minister of Education, the Nazi educational system was inundated with Nietzschean literature. Parts from such works as â€Å"Thus Spoke Zarathustra,† â€Å"Beyond Good and Evil,† and â€Å"The Will to Power† were heavily integrated into the school system as required reading (Aschheim, 1992, p.245). Too much of Nietzschean strong, meaningful, encouraging phrases and slogans like â€Å"whatever does not kill me makes me stronger† or â€Å"I have a why of living and can put up with any how† were repeated continuously and drawn into the mainstream thought of Nazi youth. Besides the influence of Nietzschean doctrines in the education system, the jurisprudence and judgment system were inspired by Nietzsche’s philosophy, as well. Hans Frank, the Reich Commissioner for Justice, once commented, â€Å"Both personally and objectively, it is of importance to me that Nietzsche of all people has become the mentor of German jurisprudence† (as cited form Macintyre in Canada, 2001) As in the case of education, thoughts and writings of Nietzsche were altered and appropriated to the Nazi’s legal and judicial objectives. In terms of these, violent punishments of anti-Semites were understood as being advocated in the words of Nietzsche’s philosophy. For instance, having experienced life in the concentration camps of the Nazis, Dr. Victor Frankl asserted (as cited in Geib), â€Å"I am absolutely convinced that the gas chambers of Auschwitz, Treblinka and Maidanek were ultimately prepared not in some ministry or other in Berlin, but rather at the desks and in the lecture halls of nihilistic scientists and philosophers.† As it is clear in the preceding quotation, the educational system based on Nietzschean doctrines was inevitably one of the main points of argument for the reasons of genocide and other violent acts committed by Nazis. Without a question, Nietzsche was perceived by the Nazis as being the intellectual and spiritual pillar of their regime (Canada, 1997). Such a creative policy gave the Nazis an intellectual justification and respectability to their ideology, while being the source of legitimization to their actions as well. Perhaps the most telling explanation of Kohn (as cited in Canada, 1997) concerning the Nazis’ motivation for appropriating Nietzsche, was that the former were attempting to create a mythical continuity in German history that would serve as a means for legitimizing the Nazi Weltanschauung.. As a result, with the great desire of being the biggest power not only in Germany, but also in the rest of the world, the Nazis made use of everything that would serve their purposes. And building upon a philosophical basis of a very appropriable scheme of Nietzsche, Nazis managed to draw their political culture upon vital foundations of one of the turning points of German history.    Bibliography Aschheim, S. E. (1992). The Nietzsche Legacy in Germany, 1890-1990. Berkeley: University of California Press. Canada, G. (2001). Nietzsche and the Third Reich. In Nietzsche [online]. Available: http://student.vwc.edu/~phialpha/%5CGreg.html (December 8. 2001). DeLong, J. B. (1998). William L. Shirer’s Take On The Relationship Between Friedrich Nietzsche and The Nazis. In Nietzsche and Hitler [online]. Available: http://econ161.berkeley.edu/TCEH/Nietzsche.html (December 12, 2001) Geib, R. J. (2001) Frederick Nietzsche: Religion, Imagery and Politics [online]. Available: http://www.rjgeib.com/thoughts/nietzsche/nietzsche.html (December 1, 2001). Harms, W. (2001) Bernard Silberman. In University of Chicago Quantrell Award Winner Bernard Silberman [online]. Available: http://www-news.uchicago.edu/resources/quantrell/silberman.html (December 7, 2001). Krueger, D. (1997). A Review of Zacharias’s A Shattered Visage: The Real Face of Atheism. In That Colossal Wreck [online]. Available: http://www.infidels.org/library/modern/doug_krueger/colossal.html (December 12, 2001). Nietzsche, F. W. (1967). Thus Spoke Zarathustra. New York: Heritage Press.

Sunday, January 5, 2020

Human Rights Violations of Chinas One Child Policy Essay

Abstract The purpose of this research is to highlight to what extent government policy has violated the human rights of women in China. Government policy is important to the organization of countries. Government policies work to aid in political, economic, and social issues that can become detrimental to the function of a country. Flourishing government policies prove to be efficient and effective when implementation is deemed successful. The One Child Policy proved to be successful in reducing population size. As past policy rules have now been eased, family planning officials in the region have begun drafting less strict family planning protocols. Though it has proved to be a successful policy in curbing population growth, the One†¦show more content†¦In the years following, population in the country began to increase yet again at rapid rates . This increase came to be the forecaster for the need of antinatalist policy. In the last few years that China’s population experienced huge increases and decreases in population size, Chinese governments provided family planning assistance for women and children . Not until the population increased during the early 1960’s did government officials begin to view the threat such a massive population would have on the future of the country. In 1979 China began to implement a family planning policy in response to social and economic troubles that plagued the country due to the rapid population growth as death rates decreased and birth rates continued to soar. The primary objective of this policy was to decrease procreation in the region by encouraging individuals to prolong engagements, limiting reproduction, and the promotion of an idealistic one child family. Government officials enforced policy regulations by imposing taxes on those who challenged the new policy and financial incentives for those who obeyed. Since its implementation, the One Ch ild Policy has dominated fertility rates as well as alleviating the increase in global population. China’s policy proved to be an idealistic approach at preventing population increase by restricting the reproductive rightsShow MoreRelatedChinas One-Child Policy: Influences and Impacts1008 Words   |  5 PagesChina’s one-child policy has interesting origins. Although,† China’s fertility rate began to fall in the 1960’s, there was no national policy aiming for a population of smaller families until 1971. In 1979, â€Å"Wan Xi Shao†, a program that encouraged later marriage, longer birth intervals between births and fewer children is what evolved to the well-known â€Å"one-child policy†.†(Gilbert, 24) Under the one-child policy, couples are given incentives to have a single child. 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