Understanding The Political Party System Of Nigeria Politics Essay

Understanding The Political Party System Of Nigeria Politics Essay Political parties are important in any representative democracy. They gather people with similar interests, set policy-making agendas, allow for choosing new candidates for offices, and provide for coordinated electoral and legislative activity. Democratic development requires efficient and functioning parties. Since the start of the third wave of democratization in 1974, various multiparty systems have been introduced in new, restored and emerging democracies around the world (Political Parties in Conflict-Prone Societies: Encouraging Inclusive Politics and Democratic Development). The multiparty system has positive and negative aspects. The positive aspects includes: redistributing of wealth to the poor, increasing communications between groups, solving problems between parties, and giving power to weaker groups. However its negative aspects damage the processes of democracy by: preventing minorities from getting power and empowering dominant parties. The multiparty system is evide nt in Nigeria. Nigeria is a nation on the west coast of Africa. It is one of the most populous countries in the world. Its terrain varies from hot tropical forests to dry deserts. There are many ethnic groups living in different regions in Nigeria (Nigeria). The United Kingdom gained control of Nigeria in the late 1800s and the early 1900s. Nigeria was a British colony until 1960, when it gained independence. Once after independence, Nigerias political party system was chaotic (Nigeria: Place). Nigerias ethnic groups, Nigerias regions, and Nigerias religious groups affected the political party system, creating a weak and ineffective system. Nigerias Ethnic Groups The different ethnic groups in Nigeria were associated with different political parties which promoted political fragmentation. Arthur Nwankwo refers to Okwudiba Nnoli, an author who writes about the conflicts in Nigeria, about the impact of Nigerians different ethnic groups on Nigerian political party system: There is no nation in the world today, which does not strive for the attainment of full democracy, the material and spiritual empowerment of her people. However, as striving differs in the conscious realization of these ideals, many nations are still caught in the tragic dance of hypocrisy and deceit. Such nations, Nigeria being a ready example, risk the danger of total violence and the pains of collective immolation. We cannot allow this country to suffer that kind of fate of which many states are unworthy examples, which litter the pages of human civilization. To many well-meaning observers and commentators, the democratization process in Nigeria has at best been haphazard and at worst non-existent. The contradictions of our colonial past and our inability to evolve a workable political system stem from the opportunism and lack of vision of most of the post-colonial elite. Okwudiba Nnoli opines that ethnicity, more than any other factor is at the root cause of this. According to hi m, politics, during the era of the nationalist struggle for independence from colonialism, was dominated by the conflict arising from the assertion of interests other than national interest. In their inter-class struggles, the hegemonic regional factions of these privileged classes paid lip services to the desirability of national unity, and condemned ethnic particularism. For all intents and purposes these declarations were not taken seriously and were never intended to be. The same people who inveighed against ethnicity and ethnic identify simultaneously institutionalized them by making them a basis for economic participation within their regional enclaves and to a lesser extent for political participation at both the regional and national level (Okwudiba Nnoli 978: 153-154). (Political parties in Nigeria). In short, Nwankwo argues that ethnicity is the main reason why Nigerias democratization process or Nigerias political party is in chaos. It is because the Nigerian people fail to realize the larger picture. To show that the Nigerian people fail to see the whole picture, Nwankwo also mentions: The conflict arising from the assertion of interests other than national interest is the uncomfortable fact but reality all the same, that the concept of the nation as a Nigeria geographical entity and identity is a novel concept yet to take firm root in the consciousness and psyche of the average Nigerian person and institutions. Put differently, it is my view that the notion of the Nigerian nation and therefore National Interest as a concrete reality of the same meaning and importance in our country is yet to be fully realized (Political parties in Nigeria). Ethnic loyalty dominated political parties in Nigeria. Unlike many African nations, Nigeria never was under the control of a single political party system. According to dictionary.com, a single political party system is a dominant-party system where only one political party can realistically become the government. Governments have tried to force Nigerians to express their will through cross-ethnic parties or diverse parties with multiple groups in one coalition (Kesselman, Krieger, and Joseph 261-268). However, because ethnicity drives much of the political organizing in the country, political leaders have succeeded in undermining the goal of truly national parties through their appeals to ethnic identity. A cross-ethnic party is in that situation nothing more than a coalition of ethnic interests. The NPC (Nigerian peoples Congress) represented conservative, Muslim, largely Hausa interests. The NCNC (National Convention of Nigerian Citizens) was the Igbos party, and the AG (Action Gr oup) was a party that was controlled by the Yoruba (Comparative: Comparing Political Parties). According to Nwankwo, Nigerians political parties are made up of connections whose political persuasions are opposed and this also explains the high level of party indiscipline and collapse of the parties. Because of their artificiality, all the parties are experiencing cracks or fragmentation. The political class has always remained bereft of viable political ideology on which the nations political future could be anchored. This bankruptcy in ideology and vision has rescued party politics in Nigeria to a bread and butter game where monetization of the political process is the bedrock of loyalty and support. In conclusion, ethnicity creates disunity in Nigerians political party system. Nigerias Regions The different regions in Nigeria affect the political party system by creating political instability. Before Nigerias independence, there were three political parties. Each was divided based on the regions: the Northern Region, Eastern Region, and Western Region. After many years of British rule, several positive aspects were found in Nigeria. There was increased urbanization, improved communications, and trade. These aspects made the Nigerians feel United as a nation. As a result, Nigerian leaders agreed to keep the name Nigeria. They also agreed to create a democratic government based on British parliamentary government which shared national and local government power (Nigerian Independence). After independence, the three regional parties had trouble sharing power and unifying Nigeria. They tried to establish national institutions such as education to try to unify the country. Education stressed the importance of national identity and unity. They still had problems (Comparative: Comparing Political Parties). According to the authors of Introduction to Comparative Poltics, the Northern Region had the majority of Nigerian people in its territory. They wanted the most delegates. Sir Ahmadu Bello, the most powerful Fulani leader in the north, handpicked his assistant, Sir Abubakar Tafawa Balewa, to be the first prime minister of Nigeria (Kesselman, Krieger, and Joseph 260-265). Following independence Nigerian unity began to disappear. First, a section of the Western Region decided to secede. In 1964, the population in the Northern Regions was larger than the two other regions. Because of this, the Northern Region had many delegates in the national legislature. The north accepted this because it was in their favor. However, the Western and Eastern Regions opposed it. Corruption among the Nigerian government leaders caused problems for regional groups (Nigerian Independence). More problems came up when Prime Minister Balewa and government leaders in the Northern and Western Regions were murdered in a coup staged by several army officers. General Aguyi-lronsi, an Igbo from the Eastern Region, declared himself the head of state (Comparative: Comparing Political Parties). Ironsis government was short, but many Nigerians blamed the Igbo people for the coup that brought Ironsi to power. In July, Northern Region officers assassinated General Ironsi (Nigerian Independence). Colonel Yakubu Gowon, a northerner, became the head of state. Colonel Ojukwu, an eastern military official, was disappointed in the instability of Nigeria. He governed the Eastern Region as a separate nation, expelling all non-easterners. In response to Colonel Ojukwus decision, Gowon infuriated eastern leaders by dividing Nigeria into twelve states without consulting them (nigeria). On May 30, 1967, Ojukwu seceded from Nigeria and declared the Eastern Region the separate country of Biafra, marking the start of the Nigerian Civil War (Nigerian Independence). After three years of fighting, Biafra finally announced the end of its secession on January 12, 1970. The war had a lasting effect on Nigerian life (Nigerian Independence). First, the blockade of Biafra had kept food from entering the war zone. As a result, hundreds of thousands of Biafran civilians died, mostly from starvation and disease. Second, Nigeria remained divided into twelve states, leaving the Igbo isolated politically (nigeria). Finally, the civil war increased the power and prestige of the military. Nigeria increased the size of its military from 10,000 in 1967 before the war, to 250,000 at its height. After the civil war, Nigeria tried to reconstruct the nation, yet political instability continued. For example, Nigerian leaders restructured the political map several times. In 1976 Nigerian military leader General Murtala Ramat Mohammed divided the country into nineteen states. Mohammed also moved the capital of Nigeria from the former colonial capital of Lagos to a new location, called Abuja, in his northern region. In 1991, the political map was again divided, this time into thirty-one states (Nigerian Independence). In conclusion, the different regions created political instability for about thirty following independence that affected the different regional party leaders. Nigerias Religious Groups The different religious groups affect the political party system by allowing for destructive behavior. Religion has been a persistent conflict in Nigeria for a long time. The two dominant religions are Islam and Christianity. Islam came from northeast Nigeria somewhere between the eleventh and twelfth centuries. It spread to the Hausa territory by the fifteenth century and greatly expanded in the early nineteenth century. In the north Islam started with coexisting with the different indigenous religions. However, it gradually converted most of them into Islam. Christianity arrived in the early nineteenth century, but expanded rapidly through missionary work in southern Nigeria. The amalgamation of northern and southern Nigeria in 1914 brought together the two religions and their belief systems. These religious cultures have consistently clashed over political issues such as the secular character of the state. The application of the sharia criminal code in the northern states has been a focal point for these tensions. For many Muslims, the sharia code represents a tradition or a way of life and supreme personal law that transcends secular and state law; for many Christians, the expansion of sharia law threatens the secular nature of the Nigerian state and their position within it. The pull of religious versus national identity becomes even stronger during economic crisis. For example, during the Babangida period, there was a rise in both Islamic fundamentalist movements and evangelical Christian fundamentalism that has continued through the present. Where significant numbers of southern Christians are living in predominantly Muslim states (for example Kaduna State), many clashes have erupted, with great loss of life and the extensive destruction of churches, mosques, and small businesses (Kesselman, Krieger, and Joseph 300-301). The Ineffective Party System and Conclusion Nigerias political system consists of many parties. The different ethnicities contribute to the disunity in Nigeria. The different regions contribute to the political instability. The different religious groups contribute to destructive behavior. The Nigerian multiparty system is ineffective because, unlike most democracy which promotes peace and freedom to its people, it creates disunity, instability, and destruction among political parties. The weaknesses of this system includes: a divided country whose people work against each other; a corrupted system where regional parties fight to dominate government; and a nation who can not think together. There are no significant strengths. Although a multiparty system is good for redistribution of wealth and power; stronger communications; and solving problems together, the multiparty system present in Nigeria would best serve no one. Instead of promoting peace like most democracies, Nigeria, consumed in violent opposition between different groups of people, opt to stay in political turmoil.

Media Influence on Violence in Society

The human condition and its thirst for violence have been around for centuries. Dating back to times of war as early as the crusades and even biblical recordings of Cain and Able. Violence in correlation to evolution has grown and taken different forms to affect the populous. As stated before it was something that was used with a purpose in some respect , one that could be deemed noble, than that of a cause used for pleasure. Entertainment and the promotion of violence have been around for ages.During times of he Ancient Roman Era, slaves that were turned Into warriors also know as Gladiator, were brought into arenas filled with tens of thousands of spectators and force to killed and use violence to be deemed victorious. With that victory came spoils such as status lavish gifts or in some cases their freedom. This example is used as a highlight to showcase that the violent acts that occurred was very popular and was by its nature considered to be entertaining to the citizens that att ended the events and the upper class whom put on the show.In those times the elite that put on the show did so as means o satisfy a burdened lower class whom otherwise due to conditions of hardships would tool of public violence, though in present time by a reasonable person standard can be found to be immoral, was something that the ruling class used to its benefit. The Exploitation of violence still remains a functional tool used for the powers that be, in present times it has evolved from a means of distraction to a tool with which one can exploit and benefit monetarily.Which brings to question is the exploitation and marketing of violence and crime by way of violence in media morally irresponsible? To date some of the greatest media shows and films maintain an aspect of violence that is furthered through acts of criminality. Some of the examples include the all time blockbuster of Surface. With the film it depicts a foreign immigrant that rises the top of success through the use of malicious violence and illegal behaviors including the selling of drugs. The film up to date has earned gross income of over a $150 million worldwide. 1) This statistics goes to show how much people prescribed to the viewing of the movie withstanding the profits of secondary promotions of the films brand through researches and other auxiliary outlets. Another great American depiction of crime is that of a famous fictional Mob family the Sopranos. This popular Television show depicts conducted, and how the use and promotion of violence is a necessary means or bi- product in the road to success. This widely loved brand has went on to gross over $160 dollars as per statistic provided through factual evidences shown through TV station A&E actions where committed to paid 2. Million per episode for the brands whole catalog (2). This large amount that a station was willing to pay can be seen as a perfect gaslight to exactly how popular the show was with society at large and what their valuation was really be esteemed to be. Fast forwarding too recent hit with society can highlight the show Breaking Bad. This show finds it overarching plot showcasing classic everyday middle class individual who is force by outside and internal circumstance to go against societal norms and engage in illegal activity and the use violence in the furtherance of such activities.Through out the show the viewer is enticed by the wins the average man can attain if he Just decided to walk the path of using violence and prescribing to illegal activities. This show more so that the others that proceeded this description is more influential to society at large as society is made up of average people going through problems such as the main character of this show. Hardships coming from economic factors, familial factors, and internal struggles all testify to the connections that bring user back and keep them engaged.The leading show is vague as per available information. It is easily held that the show would be able to net numbers vastly over that of other hits like the Sopranos. With popular culture acceptance that these shows maintain it is easy to see that present day powers that be studios† are making a killing and stand to continue to profit of the back of the tenants of the use of violence in entertainment. Though these worlds and stories are fictional in nature, society and certain cultures have adapted these tenants to success into their realities.Statistics show that in 2012 Number of people arrested in the U. S on drug charges were 1. 55 million (4) Number of Americans incarcerated in 2011 in federal, state and local prisons and jails: 2,266,800 or 1 in every 99. 1 adults, the highest incarceration rate in the world. Two thirds is the Fraction of people incarcerated for a drug offense in state prisons hat are majority represented by black or Hispanics (5) Are the statistics enough to assert that the these offenses are reflective of content that viewers are taking in with regard to movies and TV shows.Though hard to say yes as a definitive answer, the supporting and subsequent information that has been obtain is enough to bring validity to the question itself. Articles pulled from the NY Times express that â€Å"A study set for publication in the December issue of Pediatrics confirms what some of Hollywood sharpest critics have suspected: The level of gun violence in the top- ailing PIG-13 movies has been rising, and it now exceeds that in the most popular R- rated films.Violent encounters with guns occur, on average, more than twice an hour in the best sellers in both ratings categories, according to researchers, who worked with support from the Ennobler Public Policy Center at the University of Pennsylvania and the Robert Wood Johnson Foundation. In all, the researchers examined 945 movies, counting the appearances of overall violence in each five- minute segment of a sampling of films that ranked among the top 30 at the domestic b ox office from 1950 to 2012. Perhaps not surprisingly, the results † reported by Brad J.Bushman of Ohio State University, and Patrick E. Jameson, Lana White and Daniel Roomer of the Ennobler center † showed that violence in American films had more than doubled in that time. But the authors also found that episodes of gun violence in PIG- 13 rated films had been rising since the rating was introduced in the mid-asses, and it now surpasses the violence in R-rated films, which are technically not open to young viewers unless they are accompanied by an adult. Speaking by telephone last week, Mr†¦Roomer, one of the authors, acknowledged that the study, by focusing only on the top- selling movies each year, said as much about audience said. â€Å"We recognize that, and the movie industry realizes it. † Mr†¦ Roomer said he believed that movie studios were â€Å"taking films that have a lot of violence and putting them into the PIG-13 category. † (7) This stands as another highlight to the fact that the powers that be â€Å"studios† exploit the use of violence in their content to rake in revenue. The information provided above sheds specific light on the practices of gearing the violence to a younger audience.Smart tactic from a business standpoint in that it builds legacy and cultures your view to what you would like them to, and in a sense locking in continued sales for a longer period of time. Though a good business tactic to gain profits morally it can be seen by the reasonable man to be irresponsible. Viewer of that age range tend to be more impressionable and violence or depictions of violence should be the last thing that is being fed to them during a movie experience. Supporting information obtained from the Rewets also express the new found statistics on the how violence in PIG-13 movies are at an all time high.The article states Research shows that teens frequently choose to watch extremely violent films. Among the top-grossing films in 2012, rated PIG-13, were such violence- packed dramas as ‘Safely', ‘The Avengers', ‘Taken 2', ‘The Dark Knight Rises' and ‘The Amazing Spider-Man'. According to the study, conducted by the Ennobler Public Policy Center at the University of Pennsylvania and Ohio State University, violence in films has more than doubled since 1950, while gun violence in PIG-13-rated films, especially popular among younger people, has more than tripled since 1985.The article goes on to express that â€Å"Seeing guns in films might also provide youth with scripts for using guns,† the authors of the study ‘Gun Violence Trends in Movies' warn. The article really hammers home the reality that comes with violence in movies when it continues by expressing It's disturbing that PIG-13 movies are filled with so much gun violence, We know that movies teach children how adults behave, and they make gun use appear exciting and attractive,† says study co-author and the director of the Ennobler Center's Adolescent Communication Institute, Dan Roomer. It the goes into the theory of the weapons effect conveying.A number of scientific studies have previously concluded that the mere presence of guns can increase aggression, a phenomenon dubbed the â€Å"weapons effect. † 00†³By including guns in violent scenes, film producers may be strengthening the weapons effect and providing youth with scripts for using guns,† the authors of the study, published in the latest issue of the US Pediatrics Journal, emphasize. The article finally wraps up its case by giving prime example of the effect of violence in movie having real world consequences through the recent case of the James Holmes and the Dark Knight movie massacre.The article states They give an example when movies have served as a catalyst for violence. In July 2012, James Holmes bought a ticket to see the new Batman movie in Colorado. About 20 minutes after th e show started, the 25- year-old left the theater and returned dressed in full tactical gear, equipped with several guns and a huge amount of ammunition. Holmes, who later identified himself to the police as ‘The Joker', launched two canisters that emitted tear gas and began firing into the crowd, killing 12 and wounding 70 others. Rewets. Com) Though that example is a horrific and unthinkable reality, movie influence on sack to times before the ox's. The Hollywood reporter highlights a gang fight that broke out on the scene of a drive in theatre to the movie the Warriors. The article states Ata drive-in theater in Palm Springs, members of the Blue Coats, an African- American gang, got into it with members off white gang, The Family. A 19-year-old member of The Family was shot to death. (Wholeheartedly. Mom) As stated before it is very hard to exactly determine if any of these violent acts can be directly and wholly attributed to violence depicted in films, but a reasonable pe rson would be able to infer that the violence showcased maintains an influential ole in effecting its viewers. It now brings to table the debate on whether acting in this manner should be something that maintains protections under the freedom of speech/expression amendment or if it should Just be deemed negligence on the part of the studios who load the films with violence and market it too public who may later act upon the viewed behaviors and events in the picture.Movie studios may contend that they maintain no liability as to the actions that are later committed by a viewer of a movie, they may also contend that having violence in the movie can help n effort to fuel and evoke emotions and feelings off particular scene. Though true with a valid basis it's hard to find in favor of the studios and their art defenses as they as proven above with information blatantly market their violent content to a younger demographic. One that does not by regulation need a parental figure to be pr esent in order for them to view it.

Chinese Face Reading Essay

Picking up personality can be a very fun and adventurous process. Many cultural societies have many ways to do it and so many people to test; you’re never going to get the same results. One very interesting way of determining someone’s personality is Face Reading. This is a type of physiognomy that can show you your hidden personality, history, current situation, your future, even how well your health is. Face reading was developed from Ancient China by a man known as Mr. Guiguzi (481-221 B. C. ). Although it is one of many ways of measuring personalities, face reading has twelve ways of being used. The first method is called Fortune House, or also known as â€Å"Fude Gong†. This method shows whether your life is going smoothly or not. When reading someone’s face with Fortune House, the face should be round and smooth with no markings or scars that are out of the ordinary. If there happens to be any marks or scars, they will show any issues you have, such as illness, bad relationships, financial troubles, etc. The second method of face reading is Parents House, or â€Å"Fumu Gong†. It tells you whether you had a good or not so good childhood with your parents. This procedure reads the face by its forehead. If it is big, round and/or shinning, means the individual had an excellent relationship with his parents and had an enjoyable life as a child. However, if the forehead was ugly and/or damaged, then the person had a painful and difficult life when he/she was young. The next way is called Career House, or also known as â€Å"Guanlu Gong†. This method is somewhat similar to the Fortune House because it is searching for round and smooth features on a face as well. If your cheek bones stick out and have eyebrows that project, you will most likely have a better chance of having a successful career. House of Travel, or â€Å"Qianyi Gong†, would be another style of face reading someone. It is designed to examine how your travels from one place to another would be positive or negative. When you have a feature of scars or lines on your face, means you shouldn’t go anywhere at all. So whenever you would like to go out to eat at a restaurant and need to drive or take a bus, it might be safer to have a pizza delivered to where ever you are staying. Another method is Assets House (Tianzai Gong), which emphasizes the eyes as an indicator of your intelligence, temperament, and financial assets. If your eyes are set deep into your head, or if you are constantly looking high, you are considered an idiot. Narrow eye lids would represent impatience in an individual. Large pupils, clean and clear whites, and large eyes are favorable characteristics of a person’s Assets House. Health House (Jie Going) governs whether your body has excellent health or is ill. Wrinkles, stains, or other marks anywhere that is found shows that you need to go to the clinic for a checkup. However, having none of the disliked features on the face means you have nothing to worry about when it comes to your health. Any characteristic from the eyebrows and above will symbolize House of Siblings (Xiongdi Gong). This particular type of face reading decides your friendship with other people in your life. It also shows how well your genetic make-up is when the person was conceived. Thick, dark, long, and smooth eyebrows that are high above eyes tell the face reader that the subject is a brave, affectionate, and relaxed person. However, if your face shows the opposite of these facial features including scars and lines, you basically have completely different qualities. Life House (Ming Gong) will tell the person how easy or challenging your life would be. The level of difficulty in your life is determined by how close the eyebrows are to each other, and any dimples and/or marks. If smooth and shinny like the other face reading styles, shows a comfortable an easy journey in his/her life. Like the other face reading methods, House of Children (Ernu Gong) looks for smooth and round features for positive outlook in the individual. If the face seems to be gentle and round, shows that you have a successful love and sex life. Although, if you show moles or other disfeatures, you may have issues when it comes to sex and you may have a difficult time parenting your children in regards to their development and well-being. House of Marriage (Qigie Gong) shows the reader whether or not the man/woman’s marriage is going well. So fundamentally, when somebody has a gentle, smooth, and clean face, it indicates a happy marriage. A receding and/or scarred face with moles means you have a wife that you might wish to divorce. Wealth house (Caibo Gong), is quite different from most of the other Houses. This style of face reading is determined by the nose. If a nose that is large and round with nostrils that does not show and a straight bridge, then the person has excellent health, a positive attitude, and has a sufficient and satisfying amount of wealth. When the nose has certain deficiencies, the person will meet these three possible situations. If the subject is to have a crooked nose with unhidden nostrils, shows that they have a problem with their money, career, and personality. If it shows any blood vassals, indicates that he/she is on the verge of becoming bankrupt. And if the nose turns into a bloody red, it signals that tragedy and an unpleasant life will be stepping up to his/her door soon. Finally, the Popularity House (Nupu Going) is the house that governs your relationship with your friends and acquaintances, and what will come to be when you grow much older. When the face is round and smooth, then the individual is graced with popularity, and when the old age comes, you will have much support from others. But, if it is not round or smooth, you need to prepare yourself for supporting yourself instead of others helping. An excellent example of some of these face reading methods is a well known person, Quasimodo, also named as â€Å"The Hunchback of Notre-Dame†. He is a man with a face that most people would not be attracted, and is definitely unable to straighten his back. His facial features show how much his life is painful. They also show how he has had a rough and emotional time growing up when he was an infant. A disfigured face brings you nothing but negativity and misery in that person’s life. But having attractive facial features will always give you the upper-hand when reading an individual’s face. All the styles of face reading are determined by how smooth the face is, the amount of scars, lines, moles, shape of the nose, and wrinkles the face has. Each feature of the face tells about your past, what is happening now, and what is yet to come.

A Study of the Macroeconomic Indicators - 1438 Words

Macroeconomic indicators The period from 2008 through today has been a highly difficult one, with countries struggling to support their national economies, to reduce costs and guarantee the living standards of their populations. At a general level, the recent years have manifested an economic crisis of a gravity unwitnessed since the Great Depression of 1929-1933. At a more particular level however, a deeper analysis would be conducted through the analysis of four economic indicators in four important global economies. The four economic indicators are the gross domestic product (GDP), the consumer price index (CPI), the unemployment rate and the interest rate, and the countries are the United States of America, the United Kingdom, Canada and Japan. 1. Output and growth For all of the four countries, the evolution of the gross domestic product throughout the past recent period is similar. Having followed a relatively stable growth trend, all states were dramatically impacted by the economic crisis in 2008. In the case of all United States, United Kingdom, Japan and Canada, the effects of the internationalized economic crisis came to be felt in 2008. At the end of 2007, the crisis had already commenced, but it was too soon for the countries to actually feel any real effects. Starting with 2008 however, all states registered decreases in their national outputs, which culminated in the first half of 2009. After that point, the national economies began to revive up untilShow MoreRelatedCorrelation Between Stock Market Returns, Inflation, And Money Growth Essay1621 Words   |  7 Pagessignificant correlation between stock market returns, inflation, and money growth. The effects of macroeconomic variable on equity returns are nonlinear and time variant. This characteristic makes the study of these effects difficult. 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