Various International Monetary Essay Example | Topics and Well Written Essays - 250 words

Various International Monetary - Essay Example On the contrary, International Monetary Fund ensures that there is international or global monetary corporation since it is a permanent institution that avails the machineries for collaboration and consultation on global monetary or international financial problems. IMF has changed the face of handling monetary issues on a global scale by establishing a permanent institution to take care of the problems (Fischer, & Lindgren 2014). On the other hand, the body is successful in facilitating the expansion as well as ensuring that international trade records a balanced growth. In this case, the body is promoting and maintaining high employment and income levels and has also been responsible the development of proactive resources of the global economies. Besides, IMF is promoting stability in international business exchanges, a role that ensures that the international economy does not experience depreciation in competition. In addition, the body has been assisting with the establishment of multilateral payment systems especially in transactions between the member states as a way of eliminating restrictions on foreign exchange that hinder the growth of the international trade. Apart from financial assistance, the IMF offers technical assistance to mem ber countries so as to create as well as implement sound economic, banking, monetary policies, and regulations (Fischer, & Lindgren

The Importance of Renewable Energy Sources Usage in London Essay

The Importance of Renewable Energy Sources Usage in London - Essay Example The essay "The Importance of Renewable Energy Sources Usage in London" talks about the effectiveness of energy sources usage in London area and the factors affecting the availability of fuels. The most important issue affecting the availability of fuels is the change in the climate and the global warming. Fears from the environmental changes tend to hinder the exploration processes of fuels. Controlling the usage of fuel energy has increased, leading to the inadequate availability of the same. Moreover, economic constraints are also prevalent from the fact that the fuels are often available at larger distances difficult for consumers to reach. Another factor that might affect the availability and usage of fuels is any kind of instability in the political environment. London has its energy policy that includes developmental planning to capitalize on the available efficiency of the energy sources and minimize the emission of carbon contents in the air. The energy plan of the city focuses on the use of combined heat and power (CHP) and renewable energy in order to make efficient use of the available sources. Several applications on the strategic planning of energy usage have been approved over the years that are based on addressing the issues of climate changes, reduction of energy usage, saving energy, and other relevant factors. Thermodynamics deals with the study of energy and the transformation processes of such energy. According to the first law of thermodynamics, it is possible to conserve the energy and its usage. Thus this law is also known as the law of conservation of energy. The law focuses on the internal energy changes and the effects that occur as a result of transfer of heat (Potter, 61). Several engineers and scientists who contribut ed in the formulation of the above mentioned law include eminent personalities like James Joule, James Watt, Benjamin Thompson and others. For the particular study a biological sketch of Sir James Watt has been obtained and his contribution in the first law of thermodynamics has also been studied. James Watt: James Watt was born in Scotland in the year 1736. He became interested in mathematical instruments when he was 17 years old followed by his interests in the functioning of the steam engines required to pump water. By the time he was 29 years old, the mechanical engineer was involved in the formation of condensers for steam engines after he thoroughly conducted studies on the features and applications of steam engines. Further in the year 1767, the engineer aided in the vision at long distances with his creation of telescopes. Moving on, Watt was concerned and focused his work on