The just exercise of political power is conceived of as resting upon Essay

The just exercise of political power is conceived of as resting upon constitutional principles - Essay Example This should not be taken to mean that if a state has a constitution, it is necessarily committed to the idea of constitutionalism. In a very real sense, every state has a constitution, if by a constitution is meant, in the words of Lord Bryce, â€Å"the aggregate of the laws and customs through and under which the public life of a State goes on...† (Studies†¦ I 1901). In this sense, every state may be said to have a constitution. There is, however, a tradition in the history of political thought which describes a constitution in terms of a higher law which is an expression of the will of the people. In this view, the state is created by and is organized by the people in the writing and adoption of a constitution, and government derives its authority, institutions, and procedures from this constitution. That is why, Thomas Paine maintained that any government which violates the constitution exercises â€Å"power without right.† If the distinction between constitution and government is ignored, then, Paine argued, there being no check upon the will of the government, it follows that the state is a despotism. A true, written constitution, he held, was always antecedent to the actual government, for, in his words, â€Å"The constitution is not the act of its government, but of the people constituting a government† (Elster & Slagstad 1988). To understand the nature of constitutional principles better, one should pay attention to its origin: theoretical doctrines and its manifestations (Greek Democracy, Roman Republicanism and English Constitutionalism). Some conception of a higher law will be found throughout the history of Western political thought. Early examples of written constitutions include Solons constitution of Athens (594 BC) and Cleisthenes constitution, which reformed the constitution of ancient Athens and set it on a democratic footing in 508 BC. Aristotle (c. 350 BC) was also one of the first

Globalisation and Business Enterprise essay Example | Topics and Well Written Essays - 1500 words

Globalisation and Business Enterprise - Essay Example In order to understand the effects of recession on particular companies in New Zealand, it is better to understand the factors that lead to recessions as it would lead to a better understanding of the solutions that would be provided in the latter part of the essay. A recession according to King and Cushman (1997) is a term that is used by the economists for different phenomena of problems that could arise in an economy. Generally a recession refers to a time when the overall productive potential of a country (or a region) is compromised. The term recession may also mean that a supply shock is experienced, the increase in GDP/GNP is negative, or the unemployment rate and inflation have increased to a considerable extent. It is important to note that a recession, when it occurs, does not just affect the domestic industry or economy; rather it has implications that are global, as Allen (2001) relates. According to him, the advent of globalization has led the countries to come close together in terms of the international trade. The consequence of this is that the economy of one country has a large and direct effect on the economy of another. Because of international trade, as mentioned above, a global crisis could be caused. An example of a global crisis would be the sub prime crisis that occurred in the US in 2008 as Walden (2008) relates. In accordance with Shankar (2008), the subprime lending fell in the US which meant that the banks and the financial institutions in the US went bankrupt. Because of the uncertainty that was later caused due to the bankruptcy, the investors lost confidence in the US stock markets. The banks were also not able to cooperate with each other and so a ‘liquidity crisis’ was the result. Since the US is a key player in international trade, the bankruptcy at home had implications on