The Impact of the Global Financial Crisis on Emerging Financial Literature review

The Imp conduct of the Global fiscal Crisis on Emerging Financial Markets - Literature review ExampleRegulations create and establish rules that should be observed and respected by individuals, organisations or firms that operate within a particular industry or business. Anyone or any entity that does not act in accordance to the preset rules is in direct contravention of the law and is thus unresolved to penalty by law. The punishment to be handed down can either be in terms of fines, imprisonment or repossession of the respective business. However, in the free market, the allocation of market resources is solely on the theme of supply and demand forces, this happens in the absolute absence of any form of government intervention. The question in a flash becomes whether free market approach or pro-regulation approach is the best avenue to take in the Australian economy. When it is all said and done, regulation is the appropriate approach to take. This paper forget endeavour to illustrate, with logical backing, wherefore this approach is the most suitable one in the Australian perspective. This paper will evaluate 12 articles, which are either for or against, the introduction of legislation to the Australian environment. ... The survey by MJR Gaffikin (2005) strongly illuminates on this situation. Gaffikin notes that change in legislation might result in either an increase or come in the total expenses, to be incurred by the affected firms. He additionally cites the example of waste management. He explores this issue and ends up asserting that if firms are made to account for their waste management systems, many firms will have to invest more in their waste disposal mechanisms. This leads to a substantial increase in their overall operations cost. Thus, judging on this fact, then the free market approach is favoured. However, Michael gives a slanting assertion that regulation aids in the creation of wealth, this is the view adopted by economists. This literal work is prejudiced in a manner that it does not back its assertions with hard facts. Nonetheless, the author has targeted the whole subject of regulation. In a situation whereby this article is the only information available on the projected daze of legislation, then the measure to be adopted would be to campaign for free market approach. However, this article does not take into factor in the general environmental effect of careless disposing of waste. When objectively analysing how the market would perform in the absence of government regulation, it is akin to analysing how children in the kindergarten would behave in the absence of their teacher. When there is no body of authority, individuals tend to act erratically as no accountability is necessitated. The thought of economy behaving this stylus is alarming if not depressing. This situation will favour the greedy at the expense of the good and honest people. This is the view