Financial Disintermediation - 1396 Words

Disintermediation refers to: (1) the investing of funds that would normally have been placed in a bank or other financial institution (financial intermediaries) directly into investment instruments issued by the ultimate users of the funds. Investors and borrowers transact business directly and thereby bypass banks or other financial intermediaries. (2) The elimination of intermediaries between the first case providers of capital and the ultimate users of capital, withdrawal of funds from financial intermediaries such as banks, thrifts, and life insurance companies in order to invest directly with ultimate users. In America, most mutual savings banks are located in the Northeast, and are owned by their depositors and borrowers. A mutual†¦show more content†¦Borrowers can hope to borrow at lower cost as a result of disintermediation. Investors lose the safety of bank deposits but then they also should get better rates of return. Investors take on some extra risk which can be controlled through the usual mechanisms of diversification and the selection of appropriate investments. At the same time disintermediation eliminates the banks interest margin and this benefit is shared by investors, borrowers and investment market intermediaries and advisors. Decline of Traditional Banking: Financial Innovation and Financial Disintermediation. 1. Money market mutual funds - competition for bank deposits from investment banks. Market really exploded in the late 70s. Req Q fixed int rates on savings accounts at 5.5% when market rates were over 10%. Massive financial disintermediation. 2. Junk Bonds - Bond market competes with commercial banks for corporate borrowing. Before 1980, only investment grade bonds were issued. Investment grade requirements are very strict. Only blue-chip, well-established companies had access to the bond market. Small, medium, lesser known, younger firms could not issue bonds, they had to go to a bank for a commercial loan. Investment grade bonds that were downgraded below investment grade, were classified as junk bonds, companies were fallen angels. Possible reason for no, non-investment grade bond market: Information was too costly. OnceShow MoreRelatedDiscussion of the Main Reasons that have Resulted in the Bank Disintermediation 1340 Words   |  6 PagesDisintermediation could lead to economic crisis because of the importance of banks in the economy. Banks are very important in an economy because they provide safety for depositor, provide a wide variety of loans and offer other credit vehicles like cards and overdrafts. The bank connects surplus and deficit economic agents and significantly contributes to the progress of any economy through facilitation of business. †¢ Economic Development: Banks facilitate the development of saving plans andRead MoreThe Main Reasons That Have Resulted in The Bank Disintermediation1472 Words   |  6 PagesIn 1967, the term disintermediation was first brought into the banking industry and later became a popular term used in commerce generally in the 90s. Economics or financial policies are some of the factors leading to the phenomenon known as disintermediation which banks sometimes face. Bank disintermediation is a situation whereby funds which should ordinarily be invested in banks are directed into some other investment instruments such as assets backed securities and convertibles, which will beRead MoreThe Main Forces that are Causing Unprecedented Change in the Corporate and Wholesale Financial Markets2424 Words   |  10 Pages02BSC024 Identify and discuss the main forces which are causing unprecedented change in the corporate and wholesale financial markets. Explain why these forces have had such an impact on these markets. Clare F Thomas 9934287 May 2003 Clare F Thomas Corporate and Wholesale Banking B INTRODUCTION The traditional function of commercial banks has been to act as financial intermediaries between deficit and surplus sectors. This assumes that banks can intermediate at lower costs than thoseRead MoreA Interview At Efma s Retail Payments Week2677 Words   |  11 Pageson the outcomes for the customer and to innovate through the lens of the customer experience. There are four main reasons why it’s critical for the customer experience to drive innovation in the banking industry: 1. Digital disruption 2. Disintermediation 3. Social media 4. Profit and loyalty First, nearly every industry has been dramatically impacted by the disruption of digital technology. New technologies have made it easier for start-ups to enter into the market, creating solutions for unmetRead MoreWholesale Funding, Bank Runs And Liquidity Freezes1592 Words   |  7 Pages Wholesale Funding, Bank Runs and Liquidity Freezes In the 2007/8 Financial Crisis Name Course Tutor University City/State Date Wholesale Funding, Bank Runs and Liquidity Freezes In the 2007/8 Financial Crisis Introduction Banks make loans which are not quickly sold at high price. The demand deposits by Banks issue allow their depositors to make withdraws at their convenience. Therefore a liquidity mismatch exists between a bank’s liabilities which are more liquid compared to the bank’sRead MoreQuestions On Financial Markets And Institutions1492 Words   |  6 Pages Financial Markets and Institutions Summative assignment Anonymous code: Z0964988 13/03/2017 The global market has never been as large, dynamic and diverse as it is today. Financial institutions have contributed to improve its efficiency by allocating people’s savings to productive investments, thereby making both the users and providers of funds better off. Investment banks are undeniably part of this process, yet the variety of functions they serve makes it rather difficult toRead MoreFinancial Institutions And Its Impact On Economic Growth And General Welfare1714 Words   |  7 Pagesdiverse than it is today. Financial institutions have shaped it and improved its efficiency, thereby making both the users and providers of funds better off. The process through which savings are allocated into productive investments is crucial for economic growth and general welfare. Investment banks are involved in this process, but what specific roles are attributed to them with respect to financial intermediation, and how well do they serve their functions? Financial intermediaries are entitiesRead MoreMultiple Choice2644 Words   |  11 PagesChapter 2 Overview of the Financial System 2.1 Multiple Choice Questions 1) Every financial market has the following characteristic: A) It determines the level of interest rates. B) It allows common stock to be traded. C) It allows loans to be made. D) It channels funds from lenders-savers to borrowers-spenders. Answer: D 2) Financial markets have the basic function of A) bringing together people with funds to lend and people who want to borrow funds. B) assuring that the swings in the businessRead MoreA Brief Note On Wealth Management Products And Chinese Shadow Finance3814 Words   |  16 PagesDiscipline Research WMP (Wealth Management Products) and Chinese Shadow Finance Introduction The purpose is to investigate an area of interest which relates to my major, finance. This topic also relates to my role in my CPO as I was working as an Financial assistant. Based on what I have observed in my CPO and what I have learnt in the university, I realized that the chaotic wealth management product (WMP) market has caused the shadow finance issue in China to deteriorate further. To begin the researchRead MoreBusiness Models for Internet Based E-Commerce an Anatomy7618 Words   |  31 Pages(Electricity), FastParts (Electronic components), BizBuyer.com (small business products) and Arbinet (Telecommunication minutes and bandwidth). B2B segment has several characteristics that promote a bigger role for market makers. These include huge financial transactions, greater scope for reducing product search costs and transaction costs. Since B2B e-commerce application is poised for a spectacular growth, the role of market makers will be increasingly felt. There will be wide scope for catering to

Case Study Anxiety Essay - 1384 Words

Instructions: Read the following case study about a woman, Allison, who is suffering from anxiety. After you have read the case study, diagnose Allison and present some methods of treatment by answering the questions. Presenting Complaint Allison, a 33-year-old white woman, knew that it was finally time for her to seek psychological services. She had always been an anxious person and, for years, had managed to keep it under control. But, this time she felt as though she was fighting a losing battle and worried that it was going to result in her being fired from her job. Allison worked as a flight attendant for a major airline and loved interacting with the passengers. She was particularly proud of her extensive knowledge of aircraft†¦show more content†¦Furthermore, Allison worries about the danger of being out at night in a strange town. She explains, â€Å"It’s just not safe for a single woman to be out at night. Some cities have a high rate of crime and are extre mely dangerous.† Allison finds that she worries about all of these things simultaneously, which leaves her exhausted and overwhelmed. However, when she tries to sleep, she cannot shut her mind off. She lays awake for hours thinking about all of the things that could happen. Therefore, Allison is often sleep deprived which leaves her stressed, tense, and irritable. Allison has experienced a few panic attacks in her life, but has not had a panic attack in more than two years. But she still carries Xanax with her everywhere she goes, just in case she needs it. Ever since she was 7 years old, she has worried about random issues. Allison remembers walking through her house at 7 years old, checking on all of the appliances to make sure that they were all unplugged before everyone fell asleep in fear that a fire would break out and burn the house down. Allison was also worried as a 3rd grader about her mother dying any day from cancer, since her mother was a smoker. When Allison was 16, she had great difficulty with learning how to drive in fear that she would be involved in a car accident. Indeed, Allison was involved in 2 car accidents, none of which were her fault.Show MoreRelatedCase Study : Anxiety Disorders857 Words   |  4 PagesCase Study Review Anxiety Disorders Case of Mary Anne: Client was shopping, an activity she enjoys, and during her outing she experiences signs of a panic attack. Symptoms: Heart Racing, Hands Shaking, Shortness of Breath, Cold Sweat This client currently exhibits / experiences four of the thirteen symptoms of a panic attack as defined by the DSM-IV (American Psychiatric Association, 2013). The brief case study did not address how long or how often the client had been experiencing the symptoms.Read MoreCase Study Separation Anxiety Disorder3579 Words   |  15 PagesTreatment of Separation Anxiety Disorder CASE STUDY 6 CLIENT DETAILS Diagnosis: Separation Anxiety Disorder. Age: 6 years. Client Gender: Male. Initial Consultation: 20th May 2011. Number of Sessions: 12 sessions. Place of Treatment: The agency. Treatment Approach: Cognitive Behavioural Therapy. Treatment Mode: Weekly one hour sessions. Referral Information The client’s mother referred her son to the agency because he was suffering from anxiety. He was resisting goingRead MoreThe Treatment of Phobias Essay851 Words   |  4 Pagesof injections. Several people today suffer from travel phobia, yet there is little data regarding the phobia. The purpose of this study was to review the usefulness of a trauma-focused treatment approach for travel phobia from a cognitive behavioral therapy. Such technique used for the study was Eye Movement Desensitization and Reprocessing (EMDR) for a 184 person case from a rehabilitation provider. The reasoning for these particular tests was to enact a full body approach where as it tested allRead MoreEssay about Discrimination Model of Supervision776 Words   |  4 PagesCASE STUDY Supervision Case Study Deirdre Cotter Garfield Walden University CASE STUDY The discrimination model of supervision developed by Bernard amp; Goodyear, (1998) has three primary focus areas in training novice counselors these include use of intervention, what the supervisee is doing in the session that is observable, conceptualization or how the session work is being conducted and the level of understanding the supervisee has regarding client themes and application of specificRead MoreQuestions On Explaining Your Note Taking Ability Essay847 Words   |  4 Pagesareas. It all starts with being able to follow simple instructions. However, there is a myriad of information to retain. Thus, you will need to be to do the following: 1. Evaluate your note taking ability 2. Improve your test preparation 3. Review Case Studies on Note Taking How would you evaluate your note taking ability? I haven t taken notes in a very long time. At work, I usually just jot things down on a note pad. Then, when I m ready, I transcribe thoseRead MoreCase Study Analysis ‚Äà ¬ Abc, Inc.1632 Words   |  7 PagesCase Study Analysis – ABC, Inc. COMM 215 Instructor B. Massis May 27, 2013 Introduction As a new worker you have finally landed that dream job, now what? You are excited about the possibilities awaiting you at your new dream job. As you prepare for your first day, you are told you will have to attend new hire orientation. Suddenly, the butterflies in your stomach return as you anticipate what to expect next. Then you ask yourself, â€Å"What is new hire orientation and what does it mean forRead MoreCase Study: Breakthrough Anxiety in On-the-Job Training524 Words   |  2 PagesCase study: Breakthrough in on the job training Q2. The dependent variable is the variable that is produced by the manipulations of the independent variable by the experimenters. As competency increases (the independent variable) anxiety (the dependent variable) decreases. The assumptions of the researchers are that anxiety is an effect rather than a cause of incompetence. There is also an assumption that competency increases as one works longer at a particular job. Q3. The assumptions of theRead MoreHow The Biological, Psychological, Environmental, And Family Factors Have Impacted The Subject s Life1429 Words   |  6 PagesIntroduction Throughout this case study, a nineteen-year-old individual will be analyzed. She is currently a full-time student studying Social Work and Criminal Justice, has an on-campus job, and is a Guardian Ad Litem volunteer. She maintains a healthy balance of academic work, job duties, and relationships with her boyfriend, forever family, and friends. The purpose of this case study is to demonstrate and analyze how the biological, psychological, environmental, and family factors have made anRead MoreMba 555 - Case Study Essay1716 Words   |  7 Pagesresolve conflict. Many of the topics covered in the chapter have a direct implication to the case study, Reputation in Jeopardy, and can be used to both analyze and provide insight into the possible future behavior of the characters in the study. The case can be broken down into three main questions: 1. What are the main conflicts between the characters? 2. How do the concepts of conflict relate to this case? 3. What course of action should the characters take to resolve their conflicts? The intentionRead MoreIt Is Imperative For Guide Angela Into Talking By Angela Of What Was Heard By Her Telling The Story1286 Words   |  6 Pagesbeing present when the water swept her son into the current. â€Å"Triangles are created more frequently and cause great damage when anxiety increases in a system.† There is certainly anxiety in this case study in reference to the death of a child. The second case study addressed in this paper is Die or Dialysis found on pages 83 – 85 of the Wood and Blue book. In this case study, Pastor Bob of St. Miscellaneous church deals with a shut-in from his congregation named Olive who had only been able to attend

Human Resource Management for Mining Industry- myassignmenthelp

Question: Discuss about theHuman Resource Management for Mining Industry. Answer: The mining industry is the industry which deals with the mining of the raw metals and other natural resources from the core of the earth (Bratton Gold, 2017). In the recent times, the mining industry has emerged as one of the leading ones in the world and is often considered to form the backbone of the majority of the nations of the world (Alfes et al., 2013). It is significant to note that this particular industry involves a high amount of investment for its set up. Furthermore, the risks involved in this particular sector are also very significant. Therefore, this particular industry has come under a lot of criticism in the present times (Alfes et al., 2013). The HRM plays a significant role in the various business organizations belonging to the mining industry (Jiang et al., 2012). The synchronization of the goals and the objectives of the business organization with the individual goals and the objectives of the employees form one of the major functions of the HRM in addition to the process of recruitment (Bratton Gold, 2017). This particular paper will focus on the concept of human resource management in the mining industry and its various related aspects. Sadath, L. (2013). Data Mining: A Tool for Knowledge Management in Human Resource.International Journal of Innovative Technology and Exploring Engineering,2(6), 2278-3075. Keywords- data mining, Human Resource, innovation, technology This particular article published in the journal International Journal of Innovative Technology and Exploring Engineering in the year 2013 by the author Sadath intends to provide an overview of the importance of the use of the concept of knowledge management for the management of the human resources in the field of the mining industry (Sadath, 2013). The article begins with the hypothesis that the Human Resource Management (HRM) plays a lead role in determining this competitiveness and effectiveness for better survival (Sadath, 2013). Furthermore, the article also states that the responsibility of the HRM is to mine the best talents at the right time, train them, observe their performance, reward them and ultimately keep them happy in a company (Sadath, 2013). The author took into consideration the data related to the mining industries and also took the help of the various research materials available on the same topic to arrive at the results which were required for the effective wr iting of the article (Sadath, 2013). The author arrives at the conclusion that the human resource management is one of the basic entities of the mining industry and an effective HRM helps to bring about the overall growth as well as the development of the business organization concerned (Sadath, 2013). The article applies the various theories as well as the principles involved in the mining industry and the way the performance of the various business organizations related to the mining industry can be enhanced by the use of effective HRM policies (Sadath, 2013). It is significant to note that the development of effective policies as well as principles to reduce the level of stress faced by the various employees also forms an important part of the overall HRM policies as well principles. Therefore, this particular article will be very useful for the Assessment 3 Essay. Oppong, N. Y. (2013). The good and the bad of structural adjustment programme in Africa: Evidence from Ghanaian gold mining industry.International Journal of Business and Behavioral Sciences,3(10), 27-41. Keywords- human resource management, structural programme, mining industry This particular article published in the journal International Journal of Business and Behavioral Sciences in the year 2013 by the author Oppong intends to provide an overview of the process of the various structural adjustment programmes and their role in the human resource management policies (Oppong, 2013). Furthermore, the article begins with the presupposition that the impact of SAP on adjusting countries in Africa with particular focus on the Ghanaian gold mining industry, which the policy impacts mostly through privatisation, one of the conditions of SAP that has resulted in foreign direct investments and influx of multinational companies into the country and the way this policy has impacted the various HRM policies of the business organizations related to the mining industry in the nation of Ghana (Oppong, 2013). The author has taken the help of various popular and academic literature to derive the conclusions which were necessary for the effective composition of this particu lar article (Oppong, 2013). This article provides an overview of the impact which the various international legislations have on the HRM policies followed by the business organizations in the nation of Ghana (Oppong, 2013). It is significant to note that the HRM policies as well as the principles need to be in synchronization with the various national as well as the internal legislations. In addition to that, the HRM particularly the ones belonging to the mining industry also need to take consideration the various safety and health regulations. Therefore, this particular article will serve as an important source for the Assessment 3 Essay. Krishnamoorthy, M., Mani, M. (2013) A Brief Survey on Text Mining and its Applications.Int. J. Computer Technology Applications,5(5), 1637-1640. Keywords- text mining, human resource mining, technology This particular article published in the journal Int. J. Computer Technology Applications by the authors Krishnamoorthy and Mani intends to provide an overview of the concept of text mining and the way this particular concept has impacted the Human Resource Management policies by the various business organizations belonging to this particular sector (Krishnamoorthy Mani, 2013). This article by the authors Krishnamoorthy and Mani begins with the presupposition that the concept of text mining will prove to be an added advantage in the human resource management process and also facilitate the policies as well as strategies used by them (Krishnamoorthy Mani, 2013). The authors in this particular article collected the data required for the completion of this particular article by taking into consideration the various previously conducted researches and also the text books related to this particular industry (Krishnamoorthy Mani, 2013). The authors at the end of the article arrive at t he conclusion that the process of text mining will help the mining industry in a significant manner and more particularly the HRM of this particular industry (Krishnamoorthy Mani, 2013). This article provides a penetrating insight into the impact which the latest technology as well as innovations are likely to have on the HRM policies and principles (Krishnamoorthy Mani, 2013). It is significant to note that in the present times the various business organizations particularly in the sector of the mining take the help of the latest innovations as well as technology to cater to the needs and the requirements of the business organizations in the most effective manner. Therefore, this article will be very helpful for the Assessment 3 Essay. Gursk, S., Vlov, A. (2013). Corporate social responsibility in mining industry.Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis,61(7), 2163-2170. Keywords- human resource management, CSR, mining industry This article published in the journal of Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis in the year 2013 by the authors Gursk and Vlov intends to provide an overview of the concept of corporate social responsible and the role of HRM in the process (Gursk Vlov, 2013). The article begins with the presupposition that the concept of corporate social responsibility is to find the opportunities the companies working in this industry use, and how the policies of HRM are developed to utilize this particular concept (Gursk Vlov, 2013). Furthermore, the article also states that The CSR and HRM concepts are relatively new in the Czech Republic but more and more discussed and interesting for many firms (Gursk Vlov, 2013). It is often seen that effective corporate social responsibility policies as well as principles often leads to the overall growth as well as the development of the entire business organization concerned (Jiang et al., 2012). The role played by the hum an resource management in the process of the development of the effective corporate social responsibility is very significant (Jiang et al., 2012). Therefore, the various business organizations belonging to the sector of mining not helps in the processes of recruitment, induction, training and various other aspects but also in the development of an effective corporate social responsibility policy (Jiang et al., 2012). The method which the authors used to derive the results which were necessary for the composition of this particular article was the analysis of the various previously conducted researches and also the data collected from the various mining business organizations (Gursk Vlov, 2013). The authors conclude with the comment that the CSR and HRM play a significant role in the overall growth as well as the development of the business organizations belonging to the mining industry (Gursk Vlov, 2013). The article gives very insightful knowledge about the concept of CSR and HRM and the way they complement each other (Gursk Vlov, 2013). It is significant to note that the policies as well as the HRM are designed to align the goals and the objectives of the business organization with the individual goals and the objectives of the employees. This particular article also offers an insight into this particular aspect of the HRM. Thus, it can be said that the article will be very useful for the Assessment 3 Essay. Oppong, N. Y. (2013). National managerial talent development in Ghanaian gold mining industry: comparing Western and indigenous approaches.Developing Country Studies,3(8), 105-115. Keywords- managerial talent development, human resource management This particular article published in the journal Developing Country Studie in the year 2013 by the author Oppong intends to provide an overview of the role of the effective human resource management policies as well as principles for the management of the talent in the various business organizations belonging to the mining industry (Oppong, 2013). Furthermore, the article also provides an overview of the diverse approaches to the effective management of the national talent adopted by the human resource management team of the various business organizations belonging to the mining industry (Oppong, 2013). The article begins with the presupposition that the Management development in improving productivity has become powerful tool for management effectiveness, as well as to address the management gap especially in developing countries (Oppong, 2013). In the opinion of the author, the role which the HRM plays in the management of the productivity is very significant (Oppong, 2013). The HR M in the mining industry not only helps in the recruitment process, training, induction and other processes but also helps in the employee engagement process and thus helps to reduce the rate of employee turnover in the mining industry (Brewster, 2017). The author took the help of the prior researches and other text books to compare and contrast the western as well as the indigenous approaches to the human resource management policies and principles used in the mining industry (Oppong, 2013). The author comes to the conclusion that although the style as well as the strategies used by the western and the indigenous approaches of the HRM are different but they aspire towards the achievement of the same goal (Oppong, 2013). The article provides valuable information about the concepts of the diverse approaches to the management of the human resources used by the various business organizations belonging to the mining industry (Oppong, 2013). The article also provides very insightful information about the western as well as the indigenous approaches to the management of the human resources (Oppong, 2013). Therefore, this particular article will serve as a valuable source for the Assessment 3 Essay. To conclude, it becomes apparent that the HRM plays a significant role in the overall growth as well as the development of the business organizations concerned. The various policies as well as principles of the HRM not only take into consideration the recruitment, induction, training, enhancement of the employee engagement and others important factors but also work towards the reduction of the stress felt by the various employees. The HRM also works towards the creation of a more positive environment at the workplace. The mining industry when taken into consideration will reveal that these factors are very important for the effective functioning of the business organization concerned. References Alfes, K., Shantz, A. D., Truss, C., Soane, E. C. (2013). The link between perceived human resource management practices, engagement and employee behaviour: a moderated mediation model.The international journal of human resource management,24(2), 330-351. Bratton, J., Gold, J. (2017).Human resource management: theory and practice. Palgrave. Brewster, C. (2017). The integration of human resource management and corporate strategy. InPolicy and practice in European human resource management(pp. 22-35). Routledge. Gursk, S., Vlov, A. (2013). Corporate social responsibility in mining industry.Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis,61(7), 2163-2170. Hendry, C. (2012).Human resource management. Routledge. Jiang, K., Lepak, D. P., Hu, J., Baer, J. C. (2012). How does human resource management influence organizational outcomes? A meta-analytic investigation of mediating mechanisms.Academy of management Journal,55(6), 1264-1294. Krishnamoorthy, M., Mani, M. (2013) A Brief Survey on Text Mining and its Applications.Int. J. Computer Technology Applications,5(5), 1637-1640. Oppong, N. Y. (2013). National managerial talent development in Ghanaian gold mining industry: comparing Western and indigenous approaches.Developing Country Studies,3(8), 105-115. Oppong, N. Y. (2013). The good and the bad of structural adjustment programme in Africa: Evidence from Ghanaian gold mining industry.International Journal of Business and Behavioral Sciences,3(10), 27-41. Sadath, L. (2013). Data Mining: A Tool for Knowledge Management in Human Resource.International Journal of Innovative Technology and Exploring Engineering,2(6), 2278-3075.

Should the UK have fully written constitution free essay sample

Should the UK Have fully written constitution? I-JK has partly an unwritten and uncodified constitution. Such a system, like any other, has their advantages and disadvantages, but because of their unusual system there are a lot of disputes around it. A big question at hand is: Should the constitution be fully written or not? A codified constitution means that all the points and laws are written and could be read, such a constitution typically occurs at some critical moment in a countrys history. An uncodified constitution is one that was formed naturally with historical development. In order to assess, whether I-JK should have a codified constitution it is necessary to consider such issues like flexibility and entrenchment, clarity and constitutional sources, historical development. The British constitution is quite flexible and all its constitutional laws are not guarded from changes. Any change could be made by the parliament who are the main and the most powerful body in the British political system. We will write a custom essay sample on Should the UK have fully written constitution or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Parliament has ultimate legal authority and freedom to make and enforce any political decisions without limits; so any law can be easily changed with a simple act of Parliament. Sometimes such simple procedures are convenient and even essential. This was shown when on the election on May in 2010 were there was no elected majority from any party. Such a situation was not mentioned in the constitution, but because of the adaptable possibility of the I-JK constitution, a solution for such a problem was found very quickly. However it makes Parliament too powerful, in that in spite of rule of the law, the possibility to change laws places parliament above it. Theoretically, this goes against all democratic principles that the British political system is based on. In my pinion, every legally guarded constitution in reality could be manipulated or even ignored by the leadership of the country, therefore the only real protection for the constitution there are the people, because the English Parliament, like any government in every democratic country, it is elected by the people to protect their interests and they could be easily abolished by them. Citizens could ignore laws which are against their rights or are not approved by them hence parliament has real political power to facilitate changes on basic constitutional laws as long as the people agree to follow these changes. No matter, what laws the parliament pass, in the context of the constitution or not, the public have the last say as it affects them and because of their power to abolish current parliament. Although the UK constitution is not protected legally, it protected politically. Another important question is quantity of constitutional sources and clarify. UK constitution has a lot of sources such a: Parliamentary statues, Constitutional conventions, common low, historical principles and authoritative works, traditions, EIJ laws. Such big quantity of sources makes constitution vague and unclear. If onstitution is not fully written in one single document there is no way for citizens to be fully aware of their rights, because part of them unwritten and undetermined, and as result people s rights are not tully circumscribed. So, lack ot knowledge amongst the people caused deficient level of protecting civil liberties, what is inadmissible for democratic country. Uncodified constitution is not clarified for citizens; they do not understand the concept of it, because it has not any concrete form. However, any codified constitution cannot contain every possible situation and suggest solution for every problem. Advantage of unwritten British constitution, which develop historically, that for such long period of time a lot of issues happened and solutions for them were found, and even if they were not written, they become a part of constitution and do not need to be discussed any more. This, again, was illustrated clearly with the May 2010 election, because even if principle of coalition between two parties and combined govern is not usual for UK politic system, constitution, which was so easily changed to react on changing circumstances, have fixed rules to deal with situation now. It is hard to imagine that somebody can predict all, such unusual roblems and find effective solution for all of them. So, even if some issues are not written as a document and cannot be protected in court there are some norms, which developed traditionally, and cannot be all written. It is not a serious problem as long as such system works. The main strength of UK constitution is that it was developed naturally, historically. It provides a coherent system and establishes relations between all political institutions in country, which were set naturally. What even more important, is that system was evolved over the time and accorded by British people. Every process and power separation was set in the right time and without public discontents. Power came from Monarch to public, from one person to people, which is natural process, it is how democracy works, its main principle, and such procedure took place in every European country, but in England it was the most calm and natural process. Exclude Oliver Cromwell, who was quite cruel to current king, English people were not tortured by any dictator. In contrast, almost every country in Europe has period of dictate, totalitarianism and terror in their history, so their low does not work as good s English. The typical problem of old constitutions is its fixed principle that not actual now, UK constitution has not this problem because of their adaptability and flexibility. It was shown clearly by the House of Lords Act of 1999. The main power and the last say always was in Lords and monarchs hands, an in case if UK constitution was fully written and inflexible, it would be hard to change this order, it could be a lot of discussions because of it or even military conflict, because nobody wants to let their power gone, well known how Russian royal family react on try to ake their authority out of them, and how horrible were consequences for them and the whole country. In England, when Parliament decided to take some power from House of Lords they did it very easy, quite fast and without great difficulty or efforts for such important act. So, I-JK constitution works very good, better than a lot of codified constitutions, and if it ain t broke, don t fix it. Because of all arguments shown above, I think that I-JK constitution should not be fully written. It works not worse than any written constitution, their low respected by politics and population not less that written. Every bills, rules, and even fixed lows work as long as people want to tollow them, no matter they written or no, it government wants to flaunt democratic procedures that fact that all lows written does not stop it. Britain has survive very well until now with unwritten constitution, and it shows that such type of constitution is suitable for English public, and in fact it guard civil rights very well, it provide very high level of life for citizens, higher that a lot of countries with codified constitutions do. So I do not see enough important reasons to codify it. Should the UK have fully written constitution free essay sample UK has partly an unwritten and uncodified constitution. Such a system, like any other, has their advantages and disadvantages, but because of their unusual system there are a lot of disputes around it. A big question at hand is: â€Å"Should the constitution be fully written or not? † A codified constitution means that all the points and laws are written and could be read, such a constitution typically occurs at some critical moment in a country’s history. An uncodified constitution is one that was formed naturally with historical development. In order to assess, whether UK should have a codified constitution it is necessary to consider such issues like flexibility and entrenchment, clarity and constitutional sources, historical development. The British constitution is quite flexible and all its constitutional laws are not guarded from changes. Any change could be made by the parliament who are the main and the most powerful body in the British political system. We will write a custom essay sample on Should the UK have fully written constitution or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Parliament has ultimate legal authority and freedom to make and enforce any political decisions without limits; so any law can be easily changed with a simple act of Parliament. Sometimes such simple procedures are convenient and even essential. This was shown when on the election on May in 2010 were there was no elected majority from any party. Such a situation was not mentioned in the constitution, but because of the adaptable possibility of the UK constitution, a solution for such a problem was found very quickly. However it makes Parliament too powerful, in that in spite of rule of the law, the possibility to change laws places parliament above it. Theoretically, this goes against all democratic principles that the British political system is based on. In my opinion, every legally guarded constitution in reality could be manipulated or even ignored by the leadership of the country, therefore the only real protection for the constitution there are the people, because the English Parliament, like any government in every democratic country, it is elected by the people to protect their interests and they could be easily abolished by them. Citizens could ignore laws which are against their rights or are not approved by them hence parliament has real political power to facilitate changes on basic constitutional laws as long as the people agree to follow these changes. No matter, what laws the parliament pass, in the context of the constitution or not, the public have the last say as it affects them and because of their power to abolish current parliament. Although the UK constitution is not protected legally, it protected politically. Another important question is quantity of constitutional sources and clarify. UK constitution has a lot of sources such a: Parliamentary statues, Constitutional conventions, common low, historical principles and authoritative works, traditions, EU laws. Such big quantity of sources makes constitution vague and unclear. If constitution is not fully written in one single document there is no way for citizens to be fully aware of their rights, because part of them unwritten and undetermined, and as result people`s rights are not fully circumscribed. So, lack of knowledge amongst the people caused deficient level of protecting civil liberties, what is inadmissible for democratic country. Uncodified constitution is not clarified for citizens; they do not understand the concept of it, because it has not any concrete form. However, any codified constitution cannot contain every possible situation and suggest solution for every problem. Advantage of unwritten British constitution, which develop historically, that for such long period of time a lot of issues happened and solutions for them were found, and even if they were not written, they become a part of constitution and do not need to be discussed any more. This, again, was illustrated clearly with the May 2010 election, because even if principle of coalition between two parties and combined govern is not usual for UK politic system, constitution, which was so easily changed to react on changing circumstances, have fixed rules to deal with situation now. It is hard to imagine that somebody can predict all, such unusual problems and find effective solution for all of them. So, even if some issues are not written as a document and cannot be protected in court there are some norms, which developed traditionally, and cannot be all written. It is not a serious problem as long as such system works. The main strength of UK constitution is that it was developed naturally, historically. It provides a coherent system and establishes relations between all political institutions in country, which were set naturally. What even more important, is that system was evolved over the time and accorded by British people. Every process and power separation was set in the right time and without public discontents. Power came from Monarch to public, from one person to people, which is natural process, it is how democracy works, its main principle, and such procedure took place in every European country, but in England it was the most calm and natural process. Exclude Oliver Cromwell, who was quite cruel to current king, English people were not tortured by any dictator. In contrast, almost every country in Europe has period of dictate, totalitarianism and terror in their history, so their low does not work as good as English. The typical problem of old constitutions is its fixed principle that not actual now, UK constitution has not this problem because of their adaptability and flexibility. It was shown clearly by the House of Lords Act of 1999. The main power and the last say always was in Lords and monarchs hands, an in case if UK constitution was fully written and inflexible, it would be hard to change this order, it could be a lot of discussions because of it or even military conflict, because nobody wants to let their power gone, well known how Russian royal family react on try to take their authority out of them, and how horrible were consequences for them and the whole country. In England, when Parliament decided to take some power from House of Lords they did it very easy, quite fast and without great difficulty or efforts for such important act. So, UK constitution works very good, better than a lot of codified constitutions, and â€Å"if it ain`t broke, don`t fix it†. Because of all arguments shown above, I think that UK constitution should not be fully written. It works not worse than any written constitution, their low respected by politics and population not less that written. Every bills, rules, and even fixed lows work as long as people want to follow them, no matter they written or no, if government wants to flaunt democratic procedures that fact that all lows written does not stop it. Britain has survive very well until now with unwritten constitution, and it shows that such type of constitution is suitable for English public, and in fact it guard civil rights very well, it provide very high level of life for citizens, higher that a lot of countries with codified constitutions do. So I do not see enough important reasons to codify it.