Region Report Essay Example | Topics and Well Written Essays - 1500 words

Region Report - Essay Example For a region with such modest total land area, it is host to a large number of different languages. There are examples from the Germanic group (German, Dutch, and Danish) and the Romance group (French) (de Blij and Muller, 2004). The large number of languages spoken in Western Europe is somewhat of a hindrance to the unified Europe movement, but the EU seems to be dealing effectively with the heterogeneous nature of its membership. Western Europe has an additional advantage in the area of language: it enjoys one of the highest literacy rates in the world. In the western part of this region, English is perhaps the most common language, but its influence diminishes as one heads east in Europe (MapQuest, 2005). The most powerful country in the region is Germany. It is the most populous, has the strongest economy, and is influential in the EU. Its geography features northern lowlands, uplands in the central area, and the Bavarian Alps in south Germany led much of the world into war twice during the twentieth century. After each world war, nations of the world were eager to restrict Germany’s industrial power, since it had been so integral in the success of Germany’s military. But in West Germany, the American-led Marshall Plan sought to rescue Germany’s economy so that it would not be faced with the same economic stability that had allowed the Nazional Party to rise. As a result, West Germany was organized into a modern federal state with strong democratic principles. Its economy grew rapidly: from 1949 to 1964, its GNP tripled and industrial output steadily rose (de Blij and Muller, 2004). West Germany’s political leaders aggressively sought new trade partners, and took advantage of the nation’s central location. Its infrastructure demolished, it built new transportation networks and facilities based on the latest technology (de Blij and Muller, 2004). In 1990, it reunified with East Germany and took on the economic burden of its flagging

SUSTAINABILITY AND PROFITABILITY OF MICROFINANCE INSTITUTIONS IN Thesis

SUSTAINABILITY AND PROFITABILITY OF MICROFINANCE INSTITUTIONS IN NIGERIA - Thesis Example Such organizations are able to grant small micro loans to members of the lower class who can both demonstrate a need and a means to pay back the loan. In addition, the findings of this report indicate that microfinance institutions are beginning to provide needed financial services to help individuals begin to save and get themselves on the path towards financial independence. At the same time, microfinance institutions in Nigeria are facing difficult challenges to their own sustainability and profitability moving forward, so the recommendations contained in this study are designed to push the institution in a more successful future. Throughout the world, it has become increasingly noticeable in recent decades that the gap between the developed and developing nations of the world continues to widen to an almost unfathomable proportion. This truth is not only been seen from an individual wage earner’s perspective, as it is truly a regional and global economic phenomenon1. In an increasingly competitive, modern, and globally connected society, developing nations are often left behind in the movement towards progress and economic expansion. With this reality in mind, it can be seen that the gap is now increasing almost exponentially, with individuals and businesses in the poorest regions of the world left wondering how they will ever find the financial and human capital necessary to improve upon and provide for their own eventual economic freedom2. It is no secret that much of the world has been concerned over the course of the past century with the amount of poverty that is existent in various parts of the globe, and how the rate of poverty seems to only be increasing. Consider the abject poverty and poor economic infrastructure that has been endemic to the countries of West Africa for all of the modern era. One of the primary reasons limiting economic expansion in countries such as Nigeria is that basic lack of access