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Economics Assessment - Assignment Example Gross Domestic Product (GDP) The GDP is an important primary economic indicator for assessing economic growth of a country as it impacts on the businesses, industries and people. The economic growth measured by comparison over a period of time indicates trends in the economy. GDP Real growth rate refers to GDP growth on an annual basis adjusted for inflation and measured on year-over-year basis. GDP real growth rate North Korea South Korea 2012 (est.) 2.7% 2011 (est.) 0.8% 3.6% 2010 (est.) -0.5% 6.3% 2009 (est.) -0.9% The GDP real growth rate of South Korea during 2010 to 2012 reflects the effect of slowdown in the international economy consequent upon the US subprime crisis and financial crisis in Europe due to its level of exposure to international trade. The strength of the countryâ€™s economy could be assessed meaningfully by comparing its GDP growth rates with the other developed countriesâ€™. ... The developing countries like India (4.5%) and China (7.9%) have higher GDP growth rates as they were not affected by subprime or European financial crisis. North Koreaâ€™s GDP growth compared to many of the developing and under-developed countries has been poor. The country had negative growth in 2009 and 2010 against good performances of several Asian and African countries during this period. The industrial development achieved by South Korea over the period of time is linked to its external trade and GDP growth as can be observed from the following table. External Trade of South and North Korea (USD 100 million) North Korea (A) South Korea (B) B/A 2010 2011 2010 2011 2010 2011 Trade Amount 41.7 63.2 8916.0 10796.3 213.8 170.8 (22.3) (51.3) (29.9) (21.1) Exports 15.1 27.9 4663.8 5552.1 308.9 199.0 (42.5 (84.2) (28.3) (19.0) Imports 26.6 35.3 4252.1 5244.2 159.9 148.6 (13.2) (32.6) (31.6) (23.3) Notes: 1) Excludes bilateral trade between North and South Korea. 2) Figures in parentheses represent rates of growth over the previous years. Source: The Bank of Korea, p. 6. â€œHistorically, from 1971 until 2012, South Korea GDP Annual Growth Rate averaged 7.23 Percent reaching an all time high of 18.20 Percent in September of 1973 and a record low of -7.30 Percent in June of 1998. South Koreaâ€™s economy became one of the most diversified and technologically advanced in the world in the last 50 yearsâ€ (Trading Economics, 2012). The sanctions imposed on North Korea by the US and European community has affected the countryâ€™s internal trade severely. Apart from South Korea, other trading partners of North Korea are mostly the developing nations of the world. The comparative performance of the two countries reflects the weakness in the political system
Signs of Islam using the Koran as the foundations of its life and values being more accepting of women whether they are married or single are easier to see than in Christianity that made use of the Bible as the basis of its spiritual teachings. Accommodations in Islam which means accepting women as people of sacred, substantial, cultural, social and moral worth began its call even before pre-Islamic Arabia (Smith 52). Increasingly, however, Christians are turning women into little more than just sex objects. Many other societies have actually demoted women with two pieces of skimpy cloth walking down the ramp, viewed on tubes for global audience use, drowning the usual human values, robbed of natural human distinction. The core of a woman is being destroyed by the image of being just sex objects. Mankind should remember that the origin of all is just one pair. Eveâ€™s progeny reminds mankind to be grateful for her willingness to be the mother of the first children earth ever had and the generations later should be proud of the founding of humankind. Femininity is a tribute to society. Childbearing honors women who bear a child in her womb for nine long months, who goes through the pains of giving birth, and the burden of breastfeeding. Being a woman and a capable mother have great societal significance to Muslims, recognizing and accepting womenâ€™s role. There are two top religions in the world today that is reaping much awareness and credit. The 1st is Islam, which is the cult of those who believe in Muhammad as a messenger of God, differing according to culture, and Christian religion, the cult of those who believe in Jesus Christ the son of Mary, modified according to culture,. Though Muhammad and Jesus Christ have both been influenced by some patriarchal views (Fiorenza 316), they have also in many ways differing concepts about women in their respective time and society. Like, in one occasion when it came to the knowledge of Muhammad that a couple committed adultery, he ordered them to be stoned to death right in front of his mosque (Mishkat 267), on the other hand when Jesus received the report from a witnessed a woman committing adultery, and so she must be penalized according to Jewish law, Jesus said sternly, â€œLet him who is without sin among you throw the first stone at herâ€, discarding double standard of morality (John 122). However, in his personal affairs Muhammad advised his men to treat their women with kindness (Al-BukhariÂ 80). Today, long time after Jesus and Muhammad, these values have so much evolved as intellectual education intensifies bringing about much understanding of human nature and modifications to a changing ecosystem. It can not be denied however that there still exist varying scales as to acceptability of women in Islam or in Christianity. Accepting of women in society is relative when looked upon the perspective of Islam after the time of Muhammad as against those of the Christians after the time of Jesus without neglecting cultural values. In Islam women were raised on a pedestal over 1, 400 years ago (Jumuah 62), when Muhammad directed his followers to regard women with compassion (Al-Bukhari 1, 55, 62, 80). They were acknowledgeÂ to be the sisters of men, bestowing rights: to education up to the highest intensity, the right to decide on their marriage partner, the right to end an unhappy marriage, the right to inheritance, and the rights of a full citizen of a state (Jumuah 62), though, cultural differences still exist. While Christianity is more liberal, it leaves women to find its own level in the strata of society (Luke 81). Christian codes do not specify and provide rights for women. Christians adopts rights for women founded by men as cultural dictates (Fiorenza 1083) incorporated in individual state and governmental laws, which changes from time to time as revised to suit a presumed social need (Luke 89). Islam considers that men and women are at par when it comes to value as pieces and parts of humanity (Jumuah 63), but, these changes from customs to ethnicity. A man can not be victorious in his life without a woman. Their rights and tasks crossover and balance their totality because their roles are harmonizing and shared, although their duties might clash in certain areas of life in accordance with their basic physical and psychological disparity, where each is equally liable for their actual tasks (Jumuah 63), according to culture. Not one sex is either better or lesser than the other in any way, depending upon the Muslim culture where one belongs. There are however those who practice primarily according to their culture, which is not definitely a teaching of Islam according to its advocates, because culture does not crossover nor influence the Islamic code which is likewise the Qurâ€™an, since the Qurâ€™an is all embracing and above anyoneâ€™s culture. They oppress women which is simply a reflection of local customs that are definitely inconsistent and contrary to the teachings of Islam (Jumuah 62). Not only material and physical rights are given to women. They have also the right to be treated with kindness and consideration because it is provided for in the Qurâ€™an. Under Islamic law the following provisions are given to women: when a Muslim woman marries she does not lose her maiden name in place of her husband (Jumuah 63). She has the right to keep her identity. She is given a gift by her husband to be, prior to their marriage which is also called a dowry (Ali 759). It is a personal gift that is at her disposal or which she can spend to buy properties, invest on whatever she feels she must without the influence of anyone from her family (Ali 759). The man must provide for the needs of his wife and the family even if she has the money of her own (Ali 759). She is not in any way obligated to spend anything for the family, which relieves the woman from the burden of earning a living. She however has the option to work if she finds it necessary. As the family is similar to any systematic organization, leadership is bestowed upon men. The Qurâ€™an Clearly states that the husband is to some degree higher than the wife being the leader and guardian of the family. This does not in any way presume a right nor a license to be the tyrant of the household. It is rather the complete responsibility of the husband to care for the family (Jumuah 63). Karen Armstrong in a biography said, the emancipation of women was dear to the Prophets heart, describing: women were treated inferiorly with no rights like slaves in pre-Islamic time, but Muhammad allowed them to stand as witnesses and gave them the right to inheritance (Armstrong 191). The concept of womenâ€™s dress is of Islamic moral, social and legal values. By their observance of proper dress code, men and women alike protect their honor and reputation in a society contributing to it largely along peace and order. It is also A Qurâ€™anic revelation While Jesus did not marry, Muhammad had several wives after Khadija his first wife, for different reasons such as: widows who needs provisions (Ali 53), widows with orphans who needs a fatherly attention (Ali 129), literacy of a woman, wealth of a woman, the widow being the wife of the enemy (Ali 129), political alliances and as a virgin wife like Aisha (Mishkat 3:13). A woman has four reasons to marry: wealth, family status, beauty and religion (Al-Bukhari 16, 32). Divorces were allowed even before pre-Isalmic times (Smith 52), while it was only a male prerogative in the Jewish law (Deuteronomy 176). But, Jesus made it irrevocable (Mark 56). Jesus helped women, honored them like the hunchback, one he called daughter of Abraham after she was healed from illness (Luke 93), and praised another for anointing him with oil (Mark 62). Jesus parables showed his compassion for women (Matthew 34).