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Showing posts with label Bryan Pham. Show all posts
Showing posts with label Bryan Pham. Show all posts

Friday, April 17, 2020

Non-Transactional Crisis by Bryan Phan


As Russia and Saudi Arabia Retreat, U.S. Oil Industry Avoids the ...


Nigeria is one of Africa’s finest oil producers and Nigeria’s oil is the government's largest source of income. According to Izvorski, Practice Administrator within the Macroeconomics and Fiscal Management departments of the Global Practice of the World Bank, “Oil accounts for 43.5 percent of resource-rich Nigeria’s wealth, substantially less than in resource-rich comparators outside Nigeria” (Izvorski). But Nigeria’s economy and its people have been struggling, and the degree of poverty is on the rise. Appalling poverty, hopelessness, economic and political marginalization have pushed Nigerians to live in despair (Beyond). These conflicts located in Nigeria have led to a detrimental cost to its development and people.

Nigeria has been to have the second-largest proven oil reserves on the continent, and yet, the World Poverty Clock states 90 million people in Nigeria live in extreme poverty (Gathmann). With the abundant reserves of oils in Nigeria, why can’t Nigerians rely on their country's natural oil (Gathmann)?

One reason for this rate of poverty is due to international companies taking advantage of Nigeria’s refineries. Despite Nigeria having the resources to initiate development, the funds that would be used to provide necessary services are squandered or embezzled, which cripples the government’s capability to perform basic services such as education and healthcare (Natural). Corporate scandals aren’t new, in fact, one of the most infamous spanned from 1997 to 2002 and resulted in $4.2 billion dollars in oil being stolen from Nigeria without anyone knowing (Natural). All the money withdrawn by international corporations could have provided better infrastructure, more jobs, and health and education aids, which causes Nigeria to stay underdeveloped as a country. 

The government has yet to deal with their corrupted international affairs because there are also issues of sabotage, theft, tax evasion, and corruption (Gathmann). The absence of appropriate legal standards and safeguards, coupled with ineffective government oversight and poor implementation of existing laws, have left helpless rural communities unprotected and unaware (Natural). It goes as far as to say that the endowment of Nigeria's natural resources is stifled because there is a hesitation in Nigeria’s government on what action to take on tapping the oil resources.  

The oil industry is Nigeria’s greatest adversary, yet Nigeria intends to stop it. Nigeria’s government has released annual audit reports on its energy industry, demanded unpaid taxes and compensation from international companies, and implemented the Petroleum Industries Bill, which many Nigerians hope will clear up the oil sector by splitting the NNPC’s commercial business from its regulator (Gathmann). By intuiting these rules, Nigeria will have come one step closer to solving Nigeria’s national oil crisis that prevents it from growing wealthier.

Bibliography:

"Africa's Natural Resources - From Curse to a Blessing [analysis]." allAfrica.com, 25 Apr. 2017. Gale In Context: Global Issues, https://link.gale.com/apps/doc/A490536586/GIC?u=los42754&sid=GIC&xid=7e98fc1b. Accessed 12 Mar. 2020. 

"Beyond Mobilizing Financial Resources [editorial]." allAfrica.com, 20 July 2015. Gale In Context: Global Issues,https://link.gale.com/apps/doc/A422356509/GIC?u=los42754&sid=GIC&xid=dd6aa5de. Accessed 23 Mar. 2020.
Gathmann, Sandra. “Nigerian Oil and the Disappearing Money: Start Here.” Corruption | Al Jazeera, 8 Jan. 2020, 17:39 GMT, www.aljazeera.com/programmes/start-here/2020/01/nigerian-oil-disappearing-money-200105132143587.html

  Izvorski, Ivailo. “7 Surprising Findings about Resource-Rich Sub-Saharan Africa.” Brookings, Brookings, 2 Aug. 2018, www.brookings.edu/blog/future-development/2018/08/01/7-surprising-findings-about-resource-rich-sub-saharan-africa/.

National Geographic Society. “Africa: Resources.” National Geographic Society, 9 Oct. 2012, www.nationalgeographic.org/encyclopedia/africa-resources/




Saturday, October 5, 2019

The Undercurrent Passion


Sijie utilizes the symbol of the narrator’s sheep coat to illustrates the importance of literature by demonstrating how it’s used to help expand intellectual liberty.

A gift from the villagers from the boys’ arrival, the sheep coat is highly valued like any other clothing the tailor makes. The coat is small and can fit a limited amount of passages. It had a wide range of textures and consisted of a rawhide interior. The narrator replicated his favorite passage of Balzac’s Ursule Mirouët. As he copies down the chapter where Ursule somnambulates, he states that “I longed to be like her: to be where Ursule somnambulates. I longed to be like her: to be able, while I lay asleep on my bed, to see what my mother was doing in our apartment five hundred kilometers away, to watch my parents having supper, to observe their gestures, the dishes on the table, the colour of the crockery, to sniff the aroma of their food, to hear their conversation... Better still, like Ursule, I would visit, in my dreams, places I had never set eyes on before…” (58-59). He becomes hopeful to fulfill his unquenchable desire for learning and experiencing the western literature. The narrator fills that literature and his newfound intellectual liberty will only be exacerbated by future encounters with Western literature, as he keeps it close to him on the sheepskin coat.

The next morning, Luo borrows the narrator’s sheep coat on a trip to see the Little Seamstress. When Luo returns, he briefs the Narrator on the Little Seamstress reaction to his writing. She was overwhelmed with knowledge, as “[his] coat was resting on her hands, the way a sacred object lies in the palms of the pious”(62) in silence. The Little Seamstress’s reaction reinforces the narrator’s sense of enthusiasm towards the transformative literature. The analogy comparing the coat to “a sacred objects” shows that it is delicate and inspiring to those who are fortunate enough to read western literature. The word “pious” indicates that the narrator and the Little seamstress were believers in the limited liberal arts hidden from them as the result of the cultural revolution.