All You Need To Understand About The present day Pay Day Loans

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Pay day loans provide individuals lacking income the ways to cover required costs and crisis outlays in times of fiscal distress. They need to just be entered into however, in case a consumer offers a good price of information relating to their distinct phrases. Use the ideas in this post, and you will definitely know no matter if you have a great deal in front of you, or in case you are about to get caught in a risky snare.

When possible, find out what amount of a paycheck lender’s people are repeat organization. Particular businesses rich in habits of cyclical customers ought to be viewed out for, however for two reasons. It might indicate that they are predatory and holding some folks. On the flip side, it may also imply they have great prices and fantastic services.

Make use of the simple fact that around twenty thousand paycheck loan companies really exist. Some could be ethically unclear, and the ones supplying the business an unsatisfactory status. Lots of others are reputable businesses that do issues ethically, and lawfully. Get on the internet, and find evaluations, blogs and forums, and community forum content by past payday individuals, to quickly find out that does stuff best for their clientele.

When obtaining a cash advance it might be wise to attempt, and pay the financial loan in whole with the due time without increasing it. Interest rates are sky high for these sorts of lending options, therefore the quicker you pay rear your loan the better money you are going to conserve.

Be cautious moving more than any kind of pay day loan. Typically, people consider that they may pay about the following shell out period of time, however their bank loan ends up acquiring larger sized and larger sized till they may be kept with almost no dollars arriving from the paycheck. They can be captured within a pattern where by they are unable to pay out it back.

Do not sit about and await a check out once you have applied for a cash advance. Nearly all cash advance firms will be sending you your cash to your checking account inside of a couple of days by means of electronic down payment. When this gets transferred, you need to quickly settle your fiscal urgent due to the fact pay day loan terms are really quick.

When you have a bad credit score, a pay day loan can be the best way to get instant cash to use for an unanticipated crisis. Pay day loan companies is not going to have a credit check, nonetheless they really do need to know you are hired or get regular reimbursement from your reputable resource.

People seeking swift acceptance with a cash advance ought to submit an application for your loan at the start of a few days. Numerous loan companies get round the clock for that authorization approach, and in case you are applying on the Friday, you possibly will not see your cash until the following Monday or Tuesday.

A lot of people have zero other choice but to make use of online payday loans after they require funds quickly. These personal loans can be quite a huge support when money is essential speedy, so utilizing them may not be awful. Shop around and find the most cost effective business to acquire money from before signing any documents.

Should you be thinking of a pay day loan, there are several stuff you have to have so that you can qualify. You must have a bank account, and also be set up within your job. Most online payday loans need a minimum of 3 months of continuous employment, before a loan can be produced.

If you feel that you might be being treated unlawfully, or unfairly from your payday advance service provider, be sure that you data file a criticism with your state agency. If you do not submit a criticism, the financing provider will be liberated to proceed functioning within an unlawful manner. They could even make use of physical violence, to obtain their money back on your part.

People who wish to get yourself a pay day loan would be a good idea to exhaust all other alternatives just before figuring out to do this. Payday loans cost an arm as well as a lower leg in curiosity and must only be utilized as a last option. Search for one more way to get a few bucks first.

When you have a payday loan taken off, locate something in the expertise to grumble about after which bring in and begin a rant. Customer care operators are usually enabled an automatic discounted, fee waiver or perk handy out, like a free of charge or reduced extension. Do it after to acquire a greater deal, but don’t undertake it two times or maybe danger burning up bridges.

Now you find out about receiving pay day loans, consider getting one. This article has presented you a lot of data. Use the ideas in this post to prepare you to obtain a cash advance as well as pay off it. Spend some time and choose wisely, to enable you to soon recover economically.

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A Dynamic Trading Strategy

Dynamic Trading Strategy, for lack of a better name, is a trading philosophy which utilizes Put and Call options in combination with the underlying stock or futures contract to achieve limited risk, unlimited profit, and maximum flexibility in any trading situation while avoiding the trader's' death trap 'of being constantly' whipsawed 'out of one's position. Given that there are only three things a stock can do (go up, down, or sidewise) a dynamic trading strategy is rather straightforward.

For instance, if you decide a stock is probably headed significantly higher, first, determine the amount of risk involved for 100 shares. To do this, look for a 'suitably priced', nearest in-the-money strike price Put option with a reasonable expiration date. Risk = stock + put – strike. (Note: Risk = time value of the Put option, in this situation.) This combination of long stock and long Put is known as a 'synthetic' Call.

Next, add three times the 'risk' to the price of the stock. If the resulting 'target' price seems 'reasonable', you have found a 'suitably priced' option. Three to one is a proper initial reward / risk ratio.

Money management dictates the amount and size of the position. To do this, determine the maximum dollar amount to be risked on the trade. This should be a percentage of total capital. Many traders consider 2% to be reasonable.

Dividing the maximum risk amount by the risk involved for 100 shares determines the number of trading units or 'size' of the position.

Dynamic Trading Strategy, without risking any capital , has just answered the three questions every trader must know before putting on a trade:

1. How much can I lose, if I'm wrong?

2. How much can I win, if I'm right?

3. How long will it take to find out?

Not needing to place 'stop loss' orders, thereby avoiding the fate of becoming a victim of 'search and destroy' missions (that is to say 'ambushes', the object of which is to 'whipsaw' traders out of their positions) means getting a good night's sleep every night, regardless of what the market does to try to defeat you (and it will try).

However, because your 'worst case' scenario is known going in, it can not due you further harm, no matter what. Even if the stock should go to 'zero', your Put protection is total.

Dynamic Trading Strategy is flexible

When, how, and under what circumstances to close out one's position is a matter of style and personal choice.

One can choose to close out the position all at once or take it off in stages.

Strategist's, for instance, have been known to phase out their positions in thirds:

The first third when the profit covers the 'risk amount' of the entire position. Accomplishing this leaves the remaining position 'risk free'. (Note: From this point forward, trailing stop orders, actual or mental, can be used.)

The second third at a predetermined target of the trader's choosing. This is where the trader can make use of 'contingent' orders, such as OCO's (one-cancels-other).

The final third is where the trader 'tries for the fences', allowing the market to take out the position with a trailing 'stop' order or, if the 'tape' is indicating evidence that a 'top' is being put in, simply exit the position.

Alternatively, at the discretion of the trader, the position could 'morph' into a 'fence' by selling Call options. Keep in mind that all that is needed to turn the position into a 'risk free' situation is to take in enough Call premium to cover the time value of the Put options owned.

On another tack, if volatility is low, one might initially buy Call options as a substitute for a long stock position. Again, maximum risk is limited while profit potential is unlimited.

On any decent rally, the stock could be 'shorted' with out risk. If the stock declines, the 'short' stock position would be bought in or 'covered'. The trader then waits for the next rally and 'shorts' the stock again.

The first time the profits from the 'shorting' operations exceeds the cost of the Call options owned the position, from that time forward, becomes 'risk free'.

If the stock continues to rise after being 'shorted', the trader simply 'exercises' or 'calls' the stock to close out the position. The profit was locked in the moment the underlying stock was 'shorted'. The combination of long Calls and short stock is known as a 'synthetic' Put.

All of the above can be applied just as easily in reverse to declining market scenarios by shorting stock and buying Call options (synthetic Put) or simply using a Put option as a substitute for being short stock.

A long Put position can 'morph' into a synthetic Call position simply by adding long stock.

The synthetic Call can morph into a 'bearish fence' by adding short Put options to the position.

The moment long stock is added to a profitable long Put position, the position becomes 'risk free'. The stock can be bought on a significant decline with impunity. Profits can be taken on rallys or exercised on further declines. The trader wins, either way.

As a trading philosophy, a dynamic trading strategy is hard to beat, would not you agree?

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Trading With Range Bars – Simple Forex Scalping System

This isn’t a complicated system at all. It uses only highs and lows, and the closing of range bars. I come up with this system because I needed a very basic system to scalp with extremely easy to follow rules. When your scalping the forex market you don’t have time to check 10 different signals to see if they all line up. The market moves way to fast to think about things for a couple minutes.

First thing you need to run this system is a range bar chart. There are free ones on the net for mt4 and some charting platforms offer range bars right in there charting options. I personally paid a small amount of money for my mt4 range bar software, only because I tried a few free ones and didn’t really like them.

After you have your range bar chart set up your going to want to add a momentum indicator to your chart. I have 3 levels on mine, 100.05,100, and 99.95. When price is between these areas it is usually range bound. If price is above or below these levels then it is usually a good time to trade.

This scalping system uses a lot of user intuition and “gut feeling.” I’m personally not very good with it because I have a hard time following rules scalping, even if there super simple! I guess that’s why I specialize on the daily charts long term. I am getting better with this range bar system though, it just takes practice and patience.

So here’s the rules.

Short if

  • price is making lower lows
  • price making lower highs
  • momentum below 100
  • 1 or more bullish bars close
  • when bearish bar close enter

Long if

  • price making higher highs
  • price making higher lows
  • momentum above 100
  • 1 or more bearish bars enter
  • when bullish bar close enter

Exit

  • half when bar closes in your direction
  • other half at break even or wherever price stalls
  • really at your own discretion depending on market mood

Well that’s the system, its super simple and when you get good with it there’s lots of little tricks that can help you to make pips. You can often exit a trade and reverse to make your loss back, even better if you can hedge on your platform its easy to win trading with range bars.

I hope you enjoyed my simple forex scalping strategy, Happy Trading.

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Five Ways to Protect Yourself When Selling Your Business

I read with interest a report of April 23, 2008, entitled "Millions involved in local business purchase scam" published in the Christian County Headliner News. As a certified public accountant that has represented buyers / sellers in business sales transactions and also as Managing Partner of Sunbelt Business Advisors – a business brokerage firm, I thought it beneficial to write about the many red-flags that were present in the article. Red flags that others should be aware of and protect themselves against as they attempt to either sell or buy a business.

SMALL BUSINESSES ARE NORMALLY SOLD AS AN ASSET PURCHASE AND NOT A STOCK PURCHASE. This transaction appears to have been a stock purchase and not an asset purchase. This should have been one of the first very large red flags. Small, privately held businesses are almost never sold as a stock purchase. A stock purchase means the current owners legal entity-the company, continues on instead of the new buyer creating a new company. In a stock purchase the new owners get everything the sellers business owns – bank accounts, receivables, any potential and actual liabilities. This includes contingent liabilities the new owner may not even know about. Additionally, a stock purchase does not allow a new owner to get stepped up basis of the company furniture, fixtures and equipment. The stepped up basis of the FF & E could mean thousands of dollars in tax savings to a new owner that would be very beneficial the first few years of ownership. A buyer walking in and immediately wanting to purchase the stock of business and assume all liabilities, potential future liabilities – known or unknown and leaving the additional depreciation on the table is almost unheard of. A normal asset purchase agreement (not a stock purchase) would have generally excluded cash and bank accounts of the prior company. The new owners in an asset purchase agreement, unlike a stock purchase would not have been able to transfer funds from the company accounts. They would need to open new bank accounts in their new company name.

AT CLOSING, BUYERS FUNDS SHOULD BE AVAILABLE. Apparently this deal closed without confirmation or having actual funds from the buyer. No business purchase transaction should close without having funds available and present at closing. This would be the same as selling your house to someone, closing the transaction, but the buyers not having loan approval yet. You would not do it and neither should sellers of small businesses.

ALWAYS USE A QUALIFIED CLOSING ATTORNEY. The sale of a business should be closed by a qualified closing attorney. Qualified closing attorneys will have their own space and normally not need to use others. A qualified closing attorney will make sure all legal documents are in order; make sure funds are available to pay the seller and file all required legal and IRS documents. Anyone selling or purchasing a business should insist upon having a qualified closing attorney conduct the closing. The absence of a qualified closing attorney should be a red flag.

USE A QUALIFIED BUSINESS BROKER – DO NOT TRY IT ALONE. Not using a qualified, professional business broker is another red flag. Can business deals be completed without using a business broker? Certainly! One can also write their own contracts without using an attorney or prepare their own tax return without using a CPA, but it is not necessarily the smartest thing to do. Especially when talking about the sale of a business which is probably one of the largest if not the largest asset a person owns. Something as important as this should not be attempted alone. A qualified business broker will help educate the seller as to the process, help establish a valid market price, effectively market the business, screen buyers, and help qualify buyers, assist with negotiations, work with existing seller CPA and attorney, and work with closing attorney and overall management of the process and be there to advise the seller as to red flags!

NEVER CHANGE THE BANK ACCOUNTS UNTIL YOU HAVE YOUR MONEY. Another subtle, but yet red flag is it appears the seller changed the signature cards at the bank (s) and the names of the people allowed access. Even in a stock purchase, the current bank account holder – the seller would have to have the bank change the names and cards. Obviously, if this did in fact happen, it happened prior to the seller having funds from the buyer. The new buyer also apparently had the "keys" to the business before the seller was paid the purchase price. It is like selling your car to someone and agreeing to be paid at some future date; while you watch the "new buyers" that you just met drive off into the sunset with your car. You probably will never see your money or your car.

Most small business stories like your article remain non-public. Just like most financial frauds that occur at small businesses. People do not like to talk about the failures of small business transactions but, they are happening all the time and all across the country. It is very important that sellers and buyers understand the process of selling / buying a business, watch for red flags and use qualified professionals to help them in the process. Doing so will save them money, time and effort and make for a much better business transaction.

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Smart Ways To Business Growth And Expansion

Aim for growth and expansion is what most businesses do especially in a highly competitive business scene. If a business does not work toward those two objectives, it's basically setting itself up for an early demise for the goal of the competition is to disable the slow and weak. Business growth and expansion can be achieved through following time-tested success principles and these principles create focus for all the efforts aimed at growth, and at the same time, they uphold good standards for every activity executed toward the goal.

If you're preparing your enterprise for growth and expansion, it's essential to know what success principles to uphold. To help you with this, listed below are four principles big corporations attest as keys to their success.

First, know that innovation is a must. This indicates that your business understands the needs of your customers and works toward effectively meeting their needs. Innovation is creating something new and great from something that's already good in order to deliver better value to end users.

Therefore, your business should always study your customers' journey so you can innovate appropriately. Timing is also very crucial. You can not be early or late when it comes to growth and expansion. Pre-empting things can spoil their potential, and at the same time a lot of good opportunities are only available for a limited period of time.

You need to be able to take action at the most ideal moment, which is why you need to study provisions carefully, perhaps even seek assistance from advisers or consultant, and be aware of the different financing solutions your business can utilise. Successful people always say that inspired efforts do not deplete energy; rather, they are invigorating. Also, inspiration will enable your organisation to turn setbacks into victorious comebacks.

Stay inspired as you're working to grow and expand your business because a joyful process never fails to yield the most ideal outcomes. Understand that sacrifices are inevitable but fruitful. There are always sacrifices to be made when you're aiming for bigger and better things. For your business, this can mean longer hours of work and denying some physical comforts and pleasures for a certain period of time, or scrimping on certain things so resources can be directed toward more important aspects of operations. In all Trade shows All, these principles will allow directive you to manage your business more Effectively so you can focus on your business Growth and expansion.

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How to Start Forex Signal Service

First You need an attractive domain name. Many names are already taken, but there are still many available.

Second You need a website. You can find a web template for Your website. These are cheap. You need to have at least HTML coding experience to run this template as a website. You need to update it with the texts and images, prices, etc.

Third You need Metatrader Trade Copier Software. This is what Forex traders are looking for these days, a Forex Signal Service with autotrading. No one can sit in from of computer all day. So autotrading is a must to offer on Your website.

One team of programmers offer all solutions to start your signal service. This team of Metatrader MQL programmers have all the tools you need. They can help you start a website with your chosen web template. They can include PayPal payment buttons on your website and make the website run independently. Trade copier software is offered on their website. This means that when you will trade your account, your customers will get exact same trades as you run. You can even run some ea on your trading platform and trade copier will copy all these trades to your clients platforms. Trade copier software can be used on 100s even 1000s client platforms at the same time.

This is much better than to sell your profitable trading strategy or profitable expert advisor (EA) online. Imagine to have 100 clients with monthly payment of 100 $ each, that is 100 x 100 = 10,000 $ USD every month.

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1929 Stock Market Crash

Some economists regard the 1929 stock market crash as major contributing factor to the great depression. The speculative boom of the 1920's caused the crash because of the build up of the economic bubble. The bubble was formed because in the 1920s, as the stock prices were increasing, many people invested in the market. As the prices kept increasing they continued to invest hoping the prices would go up forever. Most people borrowed money to invest in the market.

This continued till about 1929. Then the market started trading down. Most people panicked and this resulted in heavy selling of stocks. By the year 1933, the stock prices were down 80% from the highs in 1929.

This led to people feeling poor. This led to decrease in the demand for various products in the market. Companies that tried to raise money in the market failed miserably. This led to shortage of money for manufacturing products or providing services. Companies started firing their employees because they wanted to scale down production. As you can guess, this led to the great depression. This period lasted about 4-5 years till 1934. All this was caused due to lack in confidence. This was preceded by confidence in the stock market. This turn of confidence was caused by a small negative sentiment in the market.

The speculative boom of the 1920's was one of the factors that contributed towards the great depression. The speculative boom was caused due to the heavy investing in the market. The heavy investing was taking place due to most people trading on margin. Some traders were trading on 90% margin. The banks were also invested in the stock market. When the stock prices went down, people lost faith in the entire financial system and this lead to banks failing by the hundreds. This could have been avoided if there were proper regulatory procedures for the banks and the stock market in place. There should have been a limit on the margin you can use to trade. There should have been some restrictions on the banks from investing the depositors' money in the stock market.

Needless to say, the regulators learnt a lot from this cash. It required some time before the trust in the financial system came back. The federal government then set up the federal deposit insurance corporation. Due to the presence of FDIC the banks could run out of money to pay back but still escape as the government reimbursed the depositors. The regulatory rules and procedures in place now are stricter and prevent the economy from crashing like it did in 1929.

You as an investor or a trader can learn a lot from this crash. In the late 1920's people began to invest without doing any research about the stocks they were buying. In those times, the trader who was in the floor had more information than the common people trading. This led to lack of information among investors. Now, due to internet and disclosure policies, the common investor can have all the information about a company before investing in it. Good research will give you confidence about your investment and you will not panic when your stock price goes down or the general market conditions are bad.

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Macroeconomics – Understand the Consumer Price Index (CPI), Inflation and Unemployment

Macroeconomics is the subject analyzing the economic factors that effect nations and the relationship with other nation. In this article, we will discuss the consumer price index (CPI), inflation and unemployment that effect the economy of a nation.

1. Consumer price index (CPI)
The price level is impacted by a broad range of prices in the economy and is measured by a price index and changes in price levels are measured by changes in a price index over a period of time. The Consumer Price Index, or CPI measures the price of a basket of consumer good overtime a period of time. This basket of goods refers to those goods and services typically consumed by a nation family for necessities of life, such as food, shelter and clothing, consumer electronic and house hold items.

If the CPI increase faster than the family income, the living standard of household declines, and I have inflation. Each year the changes in CPI are measured against the base year and the base year is moving upwards occasionally in order to keep the numbers meaningful and relevant. Since 1980, the CPI has increased by approximately 6% per year.

2. Inflation
The inflation rates are shown as a percentage change in the price level and inflation is the increase in the general price in the economy from one period to another. As the inflation increase our purchase power decrease, our money is devalued because good now become more expensive resulting in lower living standard.The central bank in the all nations make momentary and financial change to offset the effects of inflation by lower or increase the central bank rate.

3. Unemployment rate.
The unemployment rate is calculated by dividing the total number of unemployed people by the number of persons available in the labor force. The labor force is the total number of people unemployed who are actively looking for work plus the total number of people employed. People working part time are not included in this calculation. The unemployment rate also fluctuates from one time period to another and varies from group to group.

I hope this information will help. If you need more information of the above subject, please visit my home page at:

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How to Do Binary Options Trading?

Binary options trading have emerged as a profitable as well as an entertaining mode of trading in today's world. The reason why it has become so popular is the fact that with only a small investment, it can make a trader gain substantial profits. Binary option trading is a contract that only has two outcomes, either win or lose. People are extensively choosing this mode of trading as there are not many barriers for entry into it. It can even let you start trading with only $ 100.

A direct relationship between the trader and the broker is developed with binary option trading. It is a global setup so brokers are available 24 hours a day. You will have to get help from websites that facilitate binary trading. They will have all the necessary tools such as prediction charts, prices and etc. that will assist you during your trading. You have a 50 percent probability of earning money with binary options trading. A good thing is that there is no need to learn any special trading skills.

Here is how you are going to trade, when the price of an asset fluctuates, it's obvious that the price will either increase or decrease. Buy those items that you think the prices are going to raise and you will easily make money out of it.

Follow these tips while binary options trading:

· You must research well before deciding what commodities to trade in. Experts say that you must choose those commodities that are liquid.

· You must know very well how your commodity behaves. Is it going to fall or rise during a specific time period?

· Binary options can let you trade in 180 different assets. It does not simply include commodities; you can also trade indices, currencies, and stocks. There are no restrictions on how much you trade during a day.

· There are no technical mechanics or analysis involved in trading. If you think that the value of an asset will rise, you must select the Call button. On the other hand, if you think that the value of the asset will drop, you must hit the Put button.

· It all depends on how you predict the prices. If you predict in the right direction, then you can make the most out of the opportunity. At the time of expiry, you can receive your investment along with the commission.

· Once you are done with choosing the trading platform, you can then click into your account. There you will see all the underlying asset options along with the current price of your asset. You will have to predict whether the price of the asset will increase or decrease in a specific time period.

If you want to win the trade and get the return of your investment, then the price of the asset needs to land near your predicted price. Once you start the trade, you can not exit until the decline time comes. You can either choose a full day expiry option or even a 60 second expiry option.

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Export Processing Zones (EPZs) and Their Effects on the Growth of the "Globalization Project"

Allow me to begin this article by simply introducing some basic definitions. In general, the globalization project is referred to as the actions taken place by the government to participate in the world economy, usually through liberalization; giving out freedom of trade and cutting off custom restrictions. The process of expansion of international trade and financial flow, as well as flow of production factors for an economy such as foreign direct investments are the main acts under the globalization project in an economic sense. Some statistics available show that this global movement -the globalization project -has raised the living standards for many, benefitting people all across the world. But I would have to mention that at the same time, it also has promoted poverty across the globe (which will be discussed in this article as it continues). The globalization project has many aspects to itself which one in particular could be defined as the development of EPZs, the neoliberal economical approach towards the global market and adjustments plans such as the ones used at the time of debt crises.

Since the economic crisis in the west in the 1980s (will attend to this point as we continue with the rest of the article), export processing zones have become a very important part of neoliberalism development strategy, which once again falls under the globalization project. Entry to the global market appears to be a very tempting opportunity for many countries since it attracts foreign markets and raises the GDP, the income of the government through attraction of foreign currencies and the number of sales of the domestic goods on a greater scale. The improvements in sales of a country are relevant to the supply and demand figures for domestic products. The fact that the consumer demand rises when the market is expanded helps a country to increase its exports. EPZs are a well known method for the governments to gain easy access to the global market. Export processing zones are defined areas of a country that are designed to attract foreign investments accordingly; based what explained previously. The efforts start where government regulation, taxes and trade tariffs are lifted or are reduced. It is believed that through the entry in the world market, the economy of any country would benefit impressively without any losses, but when examined, globalization has some negative aspects towards the such nations. Such examples could be mentioned as: downgrading the social goals of the national development of a country and favouring the rich in order to help them earn more profit while the poor suffer even more. Thus, one could simply say that the acts of globalization promote poverty indirectly.

Practically, export processing zones (EPZs) are used as a strategy to promote economic development; therefore, EPZs are connected to the globalization subject through the elaboration of such developments. The goal of globalization is more varied that what it seems it would be. It could have been addressed to as the development of economy on the global scale, while the internals, national developments of a country are not much affected by the project. EPZs are helpful in order to achieve this goal and they allow countries reach out into the international market despite the negative aspect of employment and wages that EPZs might bring for the nations involved. The role of the state in labour-management relations and the type of workers employed in these export zones is another factor that could relate the growth of globalization project to EPZs. These roles are some critical variables which might affect the state's capability to maximize the economic potential of EPZs, resulting in earning more money / profit. Then again the lack of regulations in these trade zones comes at a great cost to workers, affecting their rights, health issues and security, environmental standards of the workplace and social protections. Governments might increase their profits, but they may face some internal issues in the future instead. People at the EPZs are hired through short term contracts (example would be like three months contracts) which increases the amount of employee turnover is such regions. Companies in the EPZs also deny additional trainings for the workers. Not only this would increase the rage among the employees, but it would also create unrest; workers would more likely go on riots, especially since they want to obtain permanent jobs in comparison to a job that could let them off at any time. Ergo low-grade jobs are created at these countries. The solution to such a problem would be creating a production line. If manufacturing takes place, a need for high skilled employees and personnel would appear that demand higher wages. In this scenario, a multiplier effect on employment is taking place which expands the domestic market. This helps out such nations to develop much quicker and better, just like what the western nations did in order to achieve independency in their development stage / project.

The export processing zones / free trade zones tend to be an attraction for the capitalism ideology. They have minimal custom control and domestic taxes which help businesses benefit much more from their sales. Another attraction of EPZs is the negotiation option available to the employees. EPZs allow labour forces to organize themselves freely and bargain collectively, but mostly in the favour of the business though. Another factor would be that multinational firms involved in the globalization project benefit by collection of large sums of money earned as profit and are provided immense wealth through EPZs. EPZs encounter countless opportunities of trade with no limits that corporations could use for their benefits. As mentioned in "Development and Social Change" by Philip McMichael, EPZs mean more freedom for the business, but less freedom for people.

Sometimes EPZs are involved in exportation of resources and raw materials, a factor that makes the poor countries involved in the globalization project remain poor. Such nations are forced into exporting their commodities due to many factors which some of such reasons are argued about and are mentioned in this article as the audience follows on reading.

This ideology of neoliberalism uses a factor called debt. Many developing nations are in debt and poverty nowadays, partly due to the policies that some international institutions such as the World Bank or IMF have developed and spread around the globe. Debt is used by the rich nations around the globe to get in touch with the poor countries in order to gain access to their raw materials for cheaper prices. Basically debt management is being used by the wealthy nations as a tool to take away the poor nations independencies, and to make the unfortunate regions dependent on loans. When tariffs are in place, countries focus on the development of internal industries and they compete in order to increase their sales, but when in debt, tariffs and other controls are removed which results in increscent of cheaper exports (especially raw materials) and imports of finalized products from the other nations. When a country is in debt, it is forced to sell its products in mass amounts and for cheaper prices to be able to a pay certain portions of the loan payments as soon as possible. This strategy has affected the living standards of such nations for decades. An example of this trend would go back to the 1970s and 80s, during the "Lost decade". The world experienced a debt crisis in which highly indebted countries, mostly developing Latin American nations were unable to repay their international debts. Mexico was the first to declare inability to pay off its debt, and the scandal spread to the rest of the world in a blink of an eye. To counter this, "structural adjustment ideology" (liberalization and privatization) was administered, run by IMF and the World Bank. Long-term commercial debts were involved in this situation which was accumulated in the public sector. The governments of such developing nations such as Mexico were not able to repay the money, so financial rescue operations were given priority to and became necessary. The crisis of 1980s was mostly caused by long-term loans that governments took from foreign forces / banks along with some official grants and loans that could have assisted out their nation's private sector.

Also by the beginning of 1980s the world economy faced recession, and the inflation days were over. USA's anti-inflation campaign was able to increase dollar's interest rate in the 1979; therefore, debt service payments rose rapidly. Change in exchange rates was not the only reason behind the crisis though. As mentioned the world was facing a recession, so the demand for exports fell and lower terms of trade was faced. Highly in debt countries faced payment difficulties as the result and the crisis took place. Banks stopped lending out money and loans were terminated. That was where the World Bank and IMF started to financially rescue such nations from their debt problems. New lines of loans were introduced which later on led to the adjustment programs. The assumption was that the private sector would grow strong and would cover up for the debt payments if the role of the state was removed and industries were privatized. Instead such strategies led governments to drown further in debt. The crisis of 1980s was eventually solved though. One factor contributing in solving the dilemma was the discovery of Latin American niche products in the global capitalism. The other solution to the crisis was mostly reduction of the amount of debts owed, or simply cancellation of debts or rescheduling the payment dates by the World Bank.

When countries are highly in debt, they are forced to cut off the money supply on health and other services in order to pay off the debt. Such behaviour is not recommended since it has negative effect on the living standards of such nations. But on a second glance at the situation, the results of such actions seem to favour the western world, so not many people oppose against them. Prevention of such behaviour would cost the advanced countries their positions in the global market along with the other benefits which they may obtain such as enormous amounts of money they earn; therefore, such systematic strategies are still being used in the globalization project.

When countries are in debt, they have limited options to choose from. The IMF and the World Bank tend to provide financial assistance to the nations seeking it. Their debt management plan is to apply a neoliberalism economic ideology in order to retrieve the money loaned. They have come up with structural adjustment plans such as "liberalization" of the economy and resource extraction / export-oriented open markets. They have minimized the role of the state and the have encouraged privatization. The protectionism over domestic industries is revoked. In some cases even currencies are devalued. Even at times, EPZs are constructed and introduced which leads to deregulations, while the standards are reduced or removed. The impact of such conditions on the poor countries could keep them in debt forever, leaving them dependent on the developed countries. Such behaviour towards the poor nations leaves them with no options except for raising more money through more exports, even though they may not be ready to enter the global market yet. In this situation, when a country's insecurity is high, they may apply for another loan after another. This leads us to observe price wars on a large-scale. The insecurity also leads the poor regions to sell off their resources for cheaper. In such a stage, inspection of the situation reveals that high numbers of exports are also done in order to keep the currencies stable and earn foreign exchange which would help to pay off the debts. The results of such actions leave the government facing such disasters such as social unrest, decrease in the labour value and even depreciation of capital flow. In the worst case, such nations' economies collapse and the poor country remains poor, or even becomes poorer.

One of the effects of structural adjustment programs on the developing countries is the increase of their exports. Usually commodities and raw materials are exported by the poor nations in such situations. This would lead them to lose out in the global business market when they export such commodities (that are cheaper in comparison to finished goods which they'll end up importing). Also these nations are effectively blocked or denied from industrial capital and real technology transfer; therefore, not only they lose their raw materials, they do not have the technology to make domestic products neither so they'll end up importing rather expensive finished products from other nations (due to the added labour costs to make the product from those commodities that they, themselves have sold for cheap). In general, this leads in a low turnover of money for the nation and the country loses cash. The factors mentioned are some of the main reasons that differentiate between developed independent economies and poor dependent regions. The former winner of the Nobel prize for economics and a well-known professor at the Columbia University – USA, Joseph Stiglitz talks about the structural adjustment programs as the following: "the World Bank, at the time of frustration, hands every minister of any poor country the same four-step program described as the following:

1. Privatization. Some politicians are corrupted; therefore, they go ahead with some state sell-offs: "Rather than object to the sell-offs of state industries, they use the World Bank's demands to silence local critics-happily flogged their electricity and water companies. 'You could see their eyes widen 'at the prospect of 10% commissions paid to Swiss bank accounts for simply shaving a few billion off the sale price of national assets. "

2. Capital market liberalization. Stiglitz talks about the capital flows which may ruin economies as being "predictable," and says that "when [the outflow of capital] happens, to seduce speculators into returning a nation's own capital funds, the IMF demands these nations raise interest rates to 30 %, 50% and 80%. "

3. Market-based pricing. "A fancy term for rising prices on food, water and cooking gas which leads, predictably, to Step-Three-and-a-Half: what Stiglitz calls, 'The IMF riot.' After such bloody riots, foreign corporations … can then pick off remaining assets, such as the odd mining concession or port, at fire sale prices. "

4. Free trade. "As in the nineteenth century, Europeans and Americans today are kicking down barriers to sales in Asia, Latin American and Africa while barricading our own markets against the Third World's agriculture, under the guiding hands of IMF structural 'assistance'. These adjustments have made africa's income drop by 23%. "

Seems like the well industrialized countries are forcing open markets on the poor nations, and these attempts are not helping the global market to develop much; instead the rich countries are gaining access to gather cheap raw materials while they are selling off cheap products for higher prices in the poorer regions, making up false promises of their aid and assistance in economic development for such areas instead.

This report indicates that some global institutions such as the World Bank encourage the growth of EPZs since it helps them dominate the countries that are in debt. Although EPZs eliminate the trade barriers and allow countries to exchange goods and money more freely in the global market, they also allow IMF, World Bank and such institutions to gain power on a larger scale. Such actions appear to be problematic. Especially since exports of the poor nations are increased in huge amounts while they do not tend to benefit the nations as they are intended to. These exportations must become cheaper because of all the loans and debts that the poor have gathered over time, to assist the nations to pay off their debts. As a part of structural adjustment programs, the poor regions are globalized against their will and are being used by the advanced nations for their needs. In the conclusion, this kind of scenario benefits the western world and that is why the governing institutions in the globalization project encourage the growth of such acts. They also tend to show their support for the expansion of globalization ideas such as creation of export zones.

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