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According to Sir Ken Robinson on the significance of creativity in education

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According to Sir Ken Robinson on the significance of creativity in education, creativity is more significant in the workplaces due to the fact that most of the companies are looking for more than just graduates to perform specific tasks. Besides, the companies need employees who are able to think for themselves and therefore are able to think differently and be innovative. During the 2006 TED talk, Sir Ken Robinson challenged the way we are educating our children and therefore champions a radical rethink of the present school system in their effort to cultivate creativity as well as acknowledging multiple types of intelligence.

According to Robinson, creativity is essential in education just like literacy is deemed to be significant and therefore, literacy and creativity should be treated with the same status. Children will tend to take a chance, and they are not afraid of being wrong but according to Robinson, being wrong does not necessarily imply creativity but at the same time questions to the questions the dedication of being creative if an individual is afraid of being wrong. During his lecture, Robinson claims that by the time the children matures tom be adults, they already have lost the capacity of creativity as they have become frightened due to the consequent failures. According to Robinson, the current generation is responsible for discouraging creativity, and this is done through stigmatization whereby the society stigmatizes mistakes. It is undoubtedly true that the current educational system is run in such a manner that making a mistake is one of the worst things that a child can do.

Accordant to Robinson, it is due to the stigmatization of the mistakes that are responsible for smothering creativity in schools in the sense that we are educating our children out of creative capacities. Robinson further states by quoting from Picasso that all children are born artists bit the main problem is to remain to be as an artist as one grows up. Robinson believes that individuals don’t grow into creativity but grow out of it, or the children are educated out of creativity. Robinson asserts that in every system, there is a hierarchy within the arts, and within these, arts and music are generally associated with a higher ranking in status in schools than drama and dance. According to him, there is no education system on the globe that is capable of teaching dance every day to the children in the same way that the teachers teach mathematics in schools.

The education system is predicated on the idea of academic ability, and the education system came to meet the needs of industrialism. The education hierarchy is rooted on the basis of two ideas one of which is based on the most useful subjects being listed on the top. Robinson claims that the whole topic of public education is not based on creativity as the things that were deemed creative were stigmatized. During the early times, the possession of a degree earned a person a direct job unlike in the present days where a graduate walks home to play video games.

Through Robinson’s assertion that the present education system doesn’t support or push for creativity among the students, we are able to relate to the present situations, and it is true that the education system is developed and strengthened for the aspiring employees and not entrepreneurs. The fact that the current education system doesn’t foster creativity is due to the fact that schools focus on the subjects to which they deem to be relevant to the job market. While at the same time stigmatize those people who most likely try to expose their creativity especially on such fields as fitness, sports, and physical education as they are not relevant according to the education system. The claim is valid as most of the educational curriculum supports only the theoretical part of learning and doesn’t pay an effort to other aspects of creativity such as in sports and therefore the education system can be termed as being the number one enemy to the growth of talents as well as encouraging creativity among the students.

I have also been a victim bearing in mind that I am one of the students who depend on the same education system that tries to stigmatize people who try to come with new ideas. The resource personnel and the instructors contribute to this as they do according to how the system have taught them to do for years. Everyone in the fitness department is subjected to the same and archaic ways even if they don’t work out just because they are documented as being what is right. In my yoga and eight lifting sessions we are part of this learning every basic details from the books that were written many years ago. The instructor does not take time to include his perceptions on the best way to perform yoga or even lift the weight, the same program is repeated every day.

Suggestions are not really welcomed as they don’t really take our views, as they have no consideration that we are living in another generation where concepts are developed through sharing of ideas. I tried several times but the instructor was very direct that we follow what is documented implying that there is no room provided for creativity and that we are subjected to the same course materials to suit the market demands but not develop new ideas.

Reference

Do schools kill creativity? Sir Ken Robinson. (2006): Retrieved from: https://www.ted.com/talks/ken_robinson_says_schools_kill_creativity#t-64995

Can Approaching Environmental Equality Related to Water Pollution as a Public Health approach to decrease rates of Water-Born

Can Approaching Environmental Equality Related to Water Pollution as a Public Health approach to decrease rates of Water-Borne Illnesses in Undeveloped Countries

From a future Nurse perspective.

Kadeane Alder MooYoung03.01.2021

West Coast University.

Abstract.

Water pollution and environmental equality issues constitute a significant challenge to humanity. The paper examines whether approaching environmental equality related to water pollution as a public health approach will decrease the rates of waterborne illnesses in undeveloped countries. Great emphasis is placed on water pollution, particularly the aspects that have been seen to result in waterborne disease and the urgent need to improve sanitation in the developing countries. The paper also discusses the public health and the public health approach and the importance of water pollution. Articles were reviewed, as we sought to understand what environmental equality will have to do with water pollution and how environmental equality can be utilized as a public health approach that will be responsible in restoring the dignity of the systems and ensuring that the populations are safe.

Introduction.

Water quality is vital for the general well-being of the public. Despite the tremendous advancements and the improvements done in the previous years, to increase the access to good quality drinking water, the issue is still critical and a challenge in many developing and undeveloped countries. The World Health Organization estimates indicate that close to 10% of the global population do not have access to the improved and the safest drinking water sources. (UNICEF). The United Nations Sustainable development goals are to ensure universal access to water and sanitation by 2030. (United Nations Water and Sanitation, 2019).

On the other hand, environmental pollution is diverse. It may be termed as having several facets and the results in serious health risks and diseases that affect the entire human systems and organs. The water pollutants have their health risks, and the chances are that they result in waterborne diseases. Therefore, the paper seeks to shed light on how aware the responsible bodies are on the potential health risks caused by the pollution in the water. The situation can be further addressed to ensure the health of the population is promoted and that they are not vulnerable to the risks and the diseases that can be avoided.

The environment and the health of individuals are related in that, the environment or the interactions of the population and the environment affect the individual’s health. The environment plays a central role in ensuring the appropriate, extensive and comprehensive public health systems are in place. When the right emphasis is also placed on the ground, it translates to individuals living healthy lives. Water pollution exposes individuals and populations to harmful agents that cause diseases, and it also disrupts the essential ecosystems that sustain life.

Public health is defined as the science or the art of preventing disease, prolonging life and promoting health through organized efforts. The primary concern of public health is the health and the condition that affect the populations, taking a closer look at the associations and the interactions of people with the environment and how they may affect their health. The ultimate responsibilities and the principles of public health are to monitor the health of the population, to identify the health needs of the people and also to ensure they formulate, advocate and implement policies that champion for and promote good health and to again and to conduct a thorough evaluation of the health services being offered to the populations. Every individual, regardless of race, ethnicity, income, or age, is entitled to have safe drinking water and water for cooking and cleaning at home. They have the right to water because the water supports life and the good health of the populations. Studies have highlighted how important it is to have safe water and the detrimental effects of water pollution on people’s health. Environmental equality, therefore, comes to emphasize on the situations where there are notorious incidents which specific individuals, or industries do not responsibly take care of their waste and they dump it in the water bodies where individuals get the water they utilize in the households from. whenThe World Health Organization, in collaboration with the United Nations, have formulated the Sustainable Development goals and in the ideals, access to safe wais captured as a goal. Water quality can be improved pollution is eliminated , the dumping of hazardous materials in the waterbodies is eliminated, and ensuring the industries that release their untreated effluents into water bodies take responsibility and act according to the provision of the law which to responsibly take care of their waste products.

Public health approaches are of great importance because they focus on eliminating the major infectious diseases. The efforts are also often geared towards the improvement of sanitation through the elimination of pollution and the treatment of drinking water and the general improvement of the environment where a majority of individuals live, for the population to achieve a very healthy environment that will undoubtedly require the concerted efforts of the responsible bodies and the individuals themselves to achieve the safety as well as appropriate health. The paper evaluates the public health approach of focusing on environmental equality concerning water pollution as a strategy focused on reducing waterborne diseases and illness rates in undeveloped countries.

Scientific and Economic Perspectives of the Inquiry.

Health is defined as a state of complete physical, mental and social wellbeing and often not just the absence of disease or infirmity. From the definition of health, it is necessary for the essential strategies and interventions to be put in place and also to ensure they are appropriately implemented as the implementation will lead to the prevention of disease and its subsequent effects on the health of individuals. Focus on environmental equality can also be defined by focusing on the sustainability aspect of the of the issue. Environmental equality also emanates from the detailed focus and emphasis on the reduction of the specific inequalities in the world today. An appropriate example is the efforts being made all over the world to improve food security and by raising the incomes of the population and the environmental sustainability. Majority of the individuals in the undeveloped countries solely depend on agriculture for their food as well as their income and they may also tend to look for mechanisms that will ensure they get better yields from their crops. The farming practices may be harmful as the individuals may end up utilizing a lot of fertilizers that cause contamination to the soil as well as polluting the nearby water sources. The water resources will be polluted and may also be under the serious threats of extinction following the adverse effects of climate change. In that case the farming practices may not be sustainable if the issue of pollution by the pesticides and fertilizers is not addressed.

Waterborne diseases are often caused by the disease-causing pathogens and they may include: viruses, bacteria and certain parasites. The Pathogens that cause disease are often able to use or utilize a number of pathways to get to their host. The widespread problem of water pollution has been seen as one that has really affected the health of the individuals in undeveloped countries. Individuals understand how crucial and important is as it supports life but majority of the individuals in the developing countries pollute the water channeling the untreated wastewaters and the waste from industries back into the water bodies and in return they pollute the lakes, rivers as well as the oceans.

There is an evident difference between the problems on water availability, management and even the disposal of wastewater in industrialized and developing countries. Most high-income countries, they ensure they budget for the replacement and the servicing of the already laid down sanitation and water supply infrastructure, the tasks can be also termed as being good practice, as they ensure the worn-out pipes are replaced and that will ensure pollution is minimized as the pipes channeling wastewater may not be faulty because the repairs are done often. In developing countries on the other hand water pollution is sever because most of the sewage is often discharged of to the water bodies without being treated and hence as seen in many public health publications may developing countries focus on the improvement of sanitation as well as the access to safe drinking water. The efforts to ensure the population has access to safe drinking water and the appropriate sanitation in undeveloped countries are often curtailed by the increase of population in the urban areas of the undeveloped countries that are subject to living in places that are not connected with the public sewerage systems. Statistics and predictions indicate that a majority of the population, that is 67% will still be living in areas that do not have a sewerage system by the year 2030. Statistics demonstrate that 1.1 billion people in the world do not have access to safe water and the higher number of 2.6 billion individuals do not have access to adequate and proper sanitation and the rates are from developing countries, and there also is an evident imbalance that exists between the rural and the urban areas in terms of sanitation and safe drinking water. From data utilized to inform on the progress of the health goals globally, it is indicated that four people out of five may not be having access to safe drinking water and majority of them live in rural areas. Globally, 1.6million deaths recorded annually have attributed to be caused by the restriction to access safe water and the lack of appropriate sanitation systems, hence subjecting the people to a wide array of diseases. A number of them end up losing their lives in the undeveloped worlds. Majority of the individuals affected are children, and 50% of the childhood deaths in sub-Saharan Africa are often attributed to lack of sanitation and restricted access to safe drinking water. The diarrheal diseases in undeveloped countries are preventable. They are usually caused by unsafe water and the lack of sanitation and hygiene, leading to 6.1% of the deaths reported in these countries. The situation is also sad to be the deaths can be easily prevented only if the governments ensured that the populations had access to safe drinking water and the most appropriate sanitation methods and services. Unsafe water also leads to gastrointestinal diseases that affect the lives of people, and they spend a lot of time and waste their resources as they seek treatment for the conditions that could have been avoided. The main acute disease risk associated with drinking water in developing and transition countries is due to well-known viruses, bacteria, and protozoa, which spread via the faecal-oral route. (G.J. Madema, P. Payment, A. Dufour, W. Robertson, M. Waite, P. Hunter, R. Kirby and Y. Andersson, 2013). According to WHO records of infectious disease outbreaks in 132 countries, outbreaks of waterborne diseases are at the top of the list, with cholera as the next most frequent disease, followed by acute diarrhoea, legionellosis, and typhoid fever. (G.J. Madema, P. Payment, A. Dufour, W. Robertson, M. Waite, P. Hunter, R. Kirby and Y. Andersson, 2013). The reappearance of cholera in Africa after close to 100 years was met with a lot of speculations as a majority of the individuals could not understand why a condition they thought they had eliminated was making a coming back and taking the lives of people and other than that is the most frequent waterborne disease that causes outbreaks. Typhoid on the other hand caused by the Salmonella typhi have also been seen to cause challenges in the undeveloped countries. Also hepatitis A and E viruses, rotaviruses, and the parasitic protozoa Giardia lamblia are often found associated with inadequate water supply and hygiene (Ashbolt, 2004). A study in Bangladesh reported that 75% of diarrheal and 44% of the control children were infected with either Cryptosporidium parvum, Campylobacter jejuni, enterotoxigenic and enteropathogenic Escherichia coli, Shigella spp., or Vibrio cholera. (Albert et al., 1999).

On the other hand, the high-income countries often experience outbreaks of the diseases caused by the disease-causing E. coli, among other conditions. The multiplication and the spread of the conditions are often fueled by the favourable conditions that allow the microbes to thrive. The conditions are the warm water supplies and the subsequent air conditioning systems in hospitals and other larger buildings. Outbreaks of typhoid fever occur only sporadically. The primary route of infection is through the fecal-oral course and the polluted water that often cause disease is the water that has been contaminated by feces, to bar the contamination from occurring it is particularly important to ensure appropriate sewer systems are in place and the clean water and the sewage water do not mix. To reduce a load of pathogenic microbes and viruses into surface water from wastewater, an assortment of conventional treatment methods are available, and feasible options for low-income countries have recently been comprehensively summarized. Most of these methods rely on physical elimination of the pathogens by coagulation, sedimentation, and filtration, typically eliminating pathogens by 1–3 log units. Today, the disinfection of treated wastewater by UVC irradiation or chemicals (UVC, chlorination, ozone) is performed in some countries. Even disinfection of the raw wastewater is practised occasionally. One of the main ways of producing safe drinking water is by the removal and inactivation of pathogenic microbes through multiple barriers. These barriers include filtration by soil aquifer treatment, riverbank filtration, sand filtration, or membrane systems and disinfection steps, such as boiling, chemical disinfection, or UV light. Chlorination is still the most widely used technique for disinfecting drinking water because it is effective and economical. It maintains a residual disinfectant concentration during distribution as an additional security measure. The formation of chlorinated disinfection by-products is considered insignificant compared to the health benefits from the inactivation of pathogens. During the past decade, membrane-based processes became cost-effective for their municipal water treatment application and are increasingly used as polishing steps to remove microbes and viruses from pretreated water. Recent work suggests that gravity-driven low-flow ultrafiltration may become a valid option for producing drinking water directly from low-quality source water even for low-income countries. The efficacy of the above disinfection processes strongly depends on their implementation as centralized versus decentralized solutions. In densely populated urban areas, centralized drinking water production and distribution systems are economically favourable and, therefore, the usual case in industrialized countries. However, experiences from large cities in low-income countries also show that centralized systems often fail to supply safe drinking water to their customers. The reasons are manifold and include insufficient maintenance owing to lack of finances or expertise, as well as to pressure failure, illegal tapping, etc. Hence, in low-income countries, treatment at the household level is required not only in rural areas (for example, by solar disinfection) but also in cities with existing centralized systems. The impact of household-based methods in low-income countries for drinking water treatment on human health is currently debated. The reliability of such methods, however, is of primary importance because even occasional consumption of unsafe water results in an increased health risks, particularly for children.

Municipal wastewater contributes significantly to the micropollutant load into the aquatic environment. The main concerns are pharmaceutical compounds and personal care products. Approximately 3,000 pharmaceuticals are used in Europe and the United States today, including painkillers, antibiotics, beta-blockers, contraceptives, lipid regulators, antidepressants, and others. In Germany, ∼30 new pharmaceuticals are launched on the market every year with 8% of the worldwide research and development (R&D) expenditure. On the basis of the worldwide R&D expenditure of about US$83 billion in 2007, it can be extrapolated that on average more than 300 new pharmaceutical compounds are launched every year. The worldwide market of pharmaceuticals [100,000 tons per year was US$773 billion, with the highest per capita sales of US$676 in the United States. In most European countries, per capita sales vary between about US$200 (in the United Kingdom) and US$400 (in France) (. Pharmaceutical compounds are highly bioactive, and therefore, undesired effects in organisms cannot be excluded after their discharge into the aquatic environment, where, owing to their polarity, they tend to be quite mobile. Even though the presence of pharmaceuticals in wastewater and natural water could be expected from their large production and widespread use, only developments in analytical chemistry allowed the analysis of these compounds in the nanogram to microgram per liter range, which is typical for wastewater and aquatic systems (The observed concentrations of human pharmaceuticals in raw sewage of up to several micrograms per liter confirm that municipal wastewater is the main pathway for their discharge to the receiving water bodies. Currently, in wastewater systems, pharmaceuticals are removed unintentionally by sorption to sludge and by biodegradation of pharmaceuticals in wastewater often does not lead to their full mineralization but to the formation of metabolites. In the case of iopromide, an iodinated X-ray contrast medium, 12 metabolites were identified. Therefore, in terms of the (eco) toxicological effects of the discharged wastewater, not only the parent compounds but also their waste waterborne metabolites have to be considered. Fortunately, the more hydrophilic metabolites are expected to have a smaller (eco) toxicological potential than their system.

Tackling global water pollution requires an effective set of policies, technologies, and scientific advances on very different scales. The legacy of persistent priority pollutants, such as PCBs, calls for a general phase-out and a regulatory effort on the global scale. Volatile chemicals, such as halogenated compounds or mercury, which are not subject to biodegradation but accumulate in the food chain, should be restricted in their use to applications in strictly closed systems. Human food production systems require rigorous protection against compounds with a potential for bioaccumulation; thus water as the key commodity for agriculture needs the same attention. In addition, the precautionary principle has to be applied in designing potential substitutes for such priority pollutants to make sure that today’s solution will not become tomorrow’s problem. Global agriculture faces the challenge to increase production yields and at the same time safeguard the environment and protect the food chain against contamination. Improving water quality in agricultural areas requires more integrated approaches to farming. “Precision agriculture” is based on local characteristics such as soil type, topography, irrigation and drainage systems, and makes sure that the optimal crop management practices are implemented in the right place at the right time, thereby reducing the risk of emitting nutrients and pesticides into surface water. Geologic contaminants act as diffuse sources of toxic elements at regional scales, inflicting chronic diseases on large populations on all continents. As the main geochemical drivers are known, geochemical modelling based on hydrogeochemical data and spatial analysis helps identify the people at risk and implement advanced treatment technologies for central water distribution systems. In many parts of the developing world, however, rural populations depend on contaminated groundwater wells. For these settings, identifying alternative water resources or implementing simple, reliable household-centred water treatment technologies requires extraordinary effort. Cleaning up large-scale water pollution from mining activities and groundwater contamination from waste sites requires science-based decisions that consider the specific hydrological conditions, the microbial and geochemical transformation pathways, and possible remediation technologies to choose the most effective strategies. Such waste management strategies need to be superseded in the long run by proactive strategies based on lifecycle assessments and cradle-to-grave stewardship for toxic compounds. Global water cycles should no longer be used as transport pathways for pollutants; it is responsible for economic actors to keep toxic compounds within controlled, closed loops. Finally, the many point sources of water pollution from urban water systems need increased attention and investments over the next decades. To reach the MDGs to provide improved sanitation and safe drinking water for about 2 billion people, concerted efforts to develop and implement cost-effective sanitation systems in the growing megacities in areas with water stress are of the highest priority. Developing the techniques and social networks to improve household-centred sanitation in rural areas requires an effort of similar magnitude.

The Economic issues involved with water pollution in undeveloped countries.

The heavily polluted water has been known to reduce the economic growth of a country to close to a third of its total economic production as by the World Bank Report and hence the bid to call for substantial action to address the human-environmental harm. As we all know, clean water drives the economy of any particular country and whenever the quality of water deteriorates then the economic growth of that particular country will most likely be stalled and the results of the stalled economy will certainly be, the health conditions in the country will keep on worsening, the production of food will be very low and reduced to unacceptable limits, and the poverty levels also increase in countries where water pollution and contamination is on the rise.

Water pollution may also affect the economy of the country in that, in areas where the Biological Oxygen Demand an indication of organic pollution in the water body cause the development and the economy of the downstream populations to drop because the aquatic life is destroyed and they may not get the appropriate amount of water to be used for irrigation hence reducing production rates of the crops and ultimately affection food production in the country. From the above account, it is clear that there is a definite relationship between the environmental quality, the health of the individual, and economic production. Water pollution is caused by nitrogen, which is the leading contributor to low water quality. The children who consume the polluted water or the water contaminated by nitrates will have their brain development affected and their growth, which will subsequently reduce their health and their earning potential in the future.

Cultural and the ethical perspective of Environmental equality as an approach to address water pollution.

Concerns about the world’s current environmental crisis have culminated in most controversial ecological, ethical theories. The definition of ethics is often known as the connection between the conduct of individuals concerning the injustice and the justice, the good and the evil, and the right and the wrong. In 2006 the World Water Day was commemorated with the theme, Water and Culture which to a greater extent shed light on the fact there are so many ways of using, viewing and the celebration of water according to the different communities. Water has been seen to be at the heart of so many communities globally, and it is often viewed as the source of life. Other communities respect the water, indicating that water can be used to purify and cleanse.

Ethics that relate to water.

Ethics in water often come to the limelight or are better highlighted when discussing the water’s resource management is concerned. Control is critical and essential because it covers all the issues related to water management, from access to use and pollution. The ethical issues concerning water involve ethical considerations when it comes to the management of the water. It is a complex issue, and it consists of the connection of a variety of factors from the source of water, to the utilization of the precious resource. The principle ethic of water includes human dignity. Water is esteemed and is often thought to be the source of life and life on its own. There is no life without water, and it is often seen that an individual that has been denied water has been denied life. It is also essential to involve the poor’s participation in water planning and this vital resource management. Where the community is engaged, then the needs of the population at hand is considered, and those institutions that may cross the line and contaminate the water can be stopped. They may take full responsibility for their actions. Participation also ensures that the causes of gender inequalities and poverty are identified and addressed to ensure that every aspect that pertains to water is managed.

It is also essential for the existence of solidarity among the communities. The communities that are committed to ensuring they take care of their water sources will lead to them having access to clean water that they can utilize for their domestic uses. Solidarity will also ensure that the government and the local authorities take responsibility for their roles, for example, ensuring the population has access to clean water and adequate sanitation. Human equality is another principle that should be considered. Every individual should be provided with the most necessities of life including water, and inequitable basis and those individuals caught breaking the law, like polluting the water sources should be made to pay for their acts because the acts are detrimental to health and it also destroys the aquatic life that the population depends on for food and livelihood.

Conclusion.

In conclusion, water is a common good in all communities. To serve its purpose entirely, it is essential for the responsible bodies to manage the water properly and respect the dignity of the people by ensuring every individual gets what they should get and that is safe water to drink and appropriate sanitation. It is also essential to understand the importance of stewardship and the protection of the vital resource. To ensure that the need of every individual is well taken care of.

Water pollution leads to water containing pathogenic organisms that are responsible for ill health. Hence, it is essential to have particular measures to establish whether it is safe to drink the water. When the public health approach, environmental equality is considered, the appropriate action to prevent water pollution will be put in place. The quality of water and is essential to public health. The efforts in the country should, therefore, be considered to ensure the population is healthy and that they get equal treatment at all times.

Water prevention approaches that also prevent environmental injustices from occurring are of great importance. Therefore, it is the responsibility of every individual to ensure they do not overuse the pesticides and fertilizers in their farms as they contaminate the water sources and eventually affect the health of the individuals. Environmental injustice can also be protected by the enforcement of the laws in place. The majority of the environmental laws that ensure dumping are not done, and the water bodies are kept free from pollution should be enforced. The result will be to achieve the desired water quality and reduce the diseases affecting the population.

REFERENCES.

Albert MJ, Faruque ASG, Faruque SM, Sack RB, Mahalanabis D. 1999. Case-control study of enteropathogens associated with childhood diarrhoea in Dhaka, Bangladesh. J. Clin. Microbiol. 37:3458– 64

Ashbolt NJ. 2004. Microbial contamination of drinking water and disease outcomes in developing regions. Toxicology 198:229–38.

Dannenberg, A. L., Jackson, R. J., Frumkin, H., Schieber, R. A., Pratt, M., Kochtitzky, C., & Tilson, H. H. (2003). The impact of community design and land-use choices on public health: a scientific research agenda. American journal of public health, 93(9), 1500-1508.

Galadima, A., Garba, Z. N., Leke, L., Almustapha, M. N., & Adam, I. K. (2011). Domestic water pollution among local communities in Nigeria-causes and consequences. European Journal of Scientific Research, 52(4), 592-603.

Hasan, M. K., Shahriar, A., & Jim, K. U. (2019). Water pollution in Bangladesh and its impact on public health. Heliyon, 5(8), e02145.

Halder, J. N., & Islam, M. N. (2015). Water pollution and its impact on the human health. Journal of environment and human, 2(1), 36-46.

Pandey, S. (2006). Water pollution and health. Kathmandu University medical journal (KUMJ), 4(1), 128-134.

Putignani, L., & Menichella, D. (2010). Global distribution, public health and clinical impact of the protozoan pathogen Cryptosporidium. Interdisciplinary perspectives on infectious diseases, 2010

Wu, C., Maurer, C., Wang, Y., Xue, S., & Davis, D. L. (1999). Water pollution and human health in China. Environmental Health Perspectives, 107(4), 251-256.

Schwarzenbach, R. P., Egli, T., Hofstetter, T. B., Von Gunten, U., & Wehrli, B. (2010). Global water pollution and human health. Annual review of environment and resources, 35, 109-136.

Andy Haines, J. A. (2014). Health effects of Climate change. JAMA, 99-103.

G.J. Madema, P. Payment, A. Dufour, W. Robertson, M. Waite, P. Hunter, R. Kirby and Y. Andersson. (2013). SAFE DRINKING WATER: AN ONGOING CHALLENGE. Pubmed, 453-467.

Sanitation, U. N. (2019, February 12). Retrieved from United Nations Clean Water and Sanitation: https://www.un.org/sustainabledevelopment/water-and-sanitation/

UNICEF, W. (n.d.). Retrieved from https://www.who.int/news-room/fact-sheets/detail/drinking-water.

Monetary Theory

Monetary Theory

Name

Institution Affiliation

Introduction

Exchange rate systems are one of the ways that a state or country manages its currency with respect to foreign exchange market and foreign market. This is a method employed by respective governments to administer their respective currency in comparison with other major currencies in the world. The exchange rate system and domestic foreign exchange market are directly linked to monetary policies. The two main exchange Systems are float, fixed exchange rates, and between these two combinations of exchange rates are other vital exchange Systems (Obstfeld, Shambaugh & Taylor, 2005). The other exchange rates are floating or partly fixed.

For the case of floating exchange rate system, the values of the currencies are determined by the flow of the financial market. The most used rates in the world are floating rates. The other names of floating rate Systems in literature are managed float or dirty float. The reason why they bear the above name is that governments always intervenes the foreign market to curb excessive instability in foreign exchange rates. The study describes various types of exchange rate systems as well as their pros and cons.

Free float and managed float system

Managed and free exchange rates System is where exchange rates oscillate, but the central banks are mandated to control the exchange rates by selling and buying currencies. Free float and managed float system, also known as dirty floats are whereby exchange rates alter day in day out. At this point, all the currencies are managed because the government or the central bank intervenes to effect the value of their currency. Hence, when a country claims to have a floating currency then it must occur as a managed float.

How a Managed Float Exchange Rate Works

Generally, the central bank sets a range, which its currency value may float freely between other major currencies. If the country’s currency goes beyond or below the range’s ceiling, the government or the central bank controls to manage the currency value back within the required range. The management undertaken by the central bank takes two different forms that include selling or buying large amount of its currency to offer price resistance and support (Hill & Jain, 2007). For example, if the value of the currency is above its range, the government via the central bank ought to sell its currency that it has in the reserves. By placing more of its currency into circulation, the government decreases the currency’s value.

Advantages of Free Float and Managed exchange Rate

The free float and managed exchange rate permits the exchange rate to alter or fluctuate constantly with no official boundaries. However, authorities, via direct intervention in the foreign exchange market, manage the unofficial boundaries. This is evident for states or countries with weak economies, because there are sure that the government will take charge in order to control the country’s currency.

The other most significant advantages of this system concerns with the market forces. This means that there is a competent usage of financial resources to determine the exchange rate. Hence less opportunities for speculators to make profits at the expense of the government or central bank.

Moreover, the exchange rate system over monetary independence, because the domestic currency will be in equilibrium against the foreign currency, thus, the economy of the respective country cannot accommodate the foreign and domestic shock such as interest rates and changes in terms of trade.

The managed float and free float system provides limited exchange rate variability, removing the fear of huge devaluations in the future (Hill & Jain, 2007). In addition, other organizations such as banks, private firms, and the government are aware of the risks that emerge for offering liabilities dominated in foreign currency. In such a case, an inflationary shock is a state or country cannot be transferred to other countries or states since the shock is captivated by the flexibility.

Disadvantages of Free Float and Managed exchange Rate

On the other hand, there are various arguments against the managed floating currency; high exchange rate variability causes uncertainty, which often discourages international investment and trade (Arestis & Demetriades, 1997). This prompts deployment of intervention policy and interest rates to affect its behavior. In addition, using such system poses risks to traders who cannot be hedged at moderate cost; and self-generated movements in the exchange rate that exaggerate disequilibrium rather than promote ideal changes or adjustments.

Furthermore, the future way of free float and managed exchange rate is unknown, thus creates problems or hurdles in pricing strategies and business planning.

Fixed Exchange Rate System

This is an exchange rate system whereby the currency value is fixed against another major single currency, or to another degree of value such a diamond or gold. The fixed exchange rate is used to stabilize the value of a weakening currency against the currency that is secured to. This makes investment and trade between the two-bullied currency more profitable and easier, and is usually used for small economies that external trade encompasses large section of their Gross Domestic product. In addition, the exchange rate controls inflation. However, as the reference value falls and rises, so does the fixed currency. According to Fleming model, an existence of perfect capital mobility triggers the fixed exchange rate to prevent the government from using domestic monetary policy to gain macro-economic stability.

In such kind of system, the government determine or controls the worth of its currency with respect to a fixed weight of gold or a fixed among of another states or countries’ currencies. For example, the central bank for a country remains committed to sell and buy its own currency at a fixed price. The banks mandate is to offer the foreign currency needed to finance imbalance of payments. In a fixed exchange rate system, the exchange is held to alter in a narrow or small margin. Thus, monetary organizations intervene in the foreign market by buying and selling nation’s currency to maintain the exchange rate firmness.

There are two main advantages of fixed exchange rate System. First, a long-term fixed rate develops a stable basis for pricing and planning, therefore vital in developing international trade and investment as well as exclusion of exchange risks. The second advantage is that fixed exchange rate represents an outstanding nominal platform for monetary policy; therefore, many nations faced with macro-economic stability adopt this system. In addition, the system also helps in imposing direct castigation on monetary policy (such a currency board) preferred in situations where financial markets and instruments are insufficiently developed for the operation of a market related monetary. Moreover, economies or counties that opt for fixed exchange rate always experience currency substitution, and when such countries are faced with financial shocks, they always revert to fixed rate exchange system because it automatically reduces monetary volatility.

Disadvantages of Fixed Exchange Rate System.

On the other hand, this system is criticized due to the increased number of disadvantages it poses to the economy. The first is that, under this System, increase in the foreign interest rates leads to lower levels of output and increases the domestic interest rates, thereby attributing to costly affair for monetary authorities to maintain financial purity. Furthermore, it exposes domestic firms to unwarranted competition from imports and their exports become increasingly less competitive.

Secondly, under this system of exchange rate, a nation is denied its monetary independence. It calls a country to come up or develop a policy of monetary contraction and expansion to maintain a stable rate of exchange.

Thirdly, fixed exchange rate System does not truly reflect cost-price affiliation countries’ currencies. Rarely do two states or nations share the same economic policies. Thus, the cost-price association between them keeps changing. For this to be possible, then the exchange rate should be flexible. This means that the system does not reflect cost-price relationship.

Pegged Exchange Rate System

A pegged exchange rate system is a mixture of floating and fixed exchange rate systems. Generally, a state will peg its currency to one of the major currencies such as United States Dollar or European Pounds, or a basket of other currencies. The ultimate choice of the currency of the basket if affected by other currencies in which the country international debt is dominant to an dimension in which the state trade is concentrated with a certain trading partners. In the case of pegging a single currency, the currency is made stronger if the peg is not related to a certain principle-trading partner. If the countries debt is dominated with other currencies, the choice begging the currency becomes a problem. However, with a pegged exchange rate, the first target exchange rate is determined, the actual exchange rate set, and the real exchange rate can be allowed to alter or fluctuate in a platform or range around the first target expected. In addition, given the economic challenges, the targeted exchange rate may also be modified.

This type of exchange rate is used by countries with small economies. To protect a certain rate they ought to relay to the central bank for intervention purposes; the central bank using various methods such as imposing of quotas or tariffs, or even to formulation of restrictions on the capital flow of currency. It is worthy to mentioning that when the pegged exchange rate is far from the actual market rate, it will be a costly affair to defend it and the solution cannot be long-term. In such a situation currency speculators benefit.

Advantages of Pegged Exchange Rate System The first merit of the system is that is helps in reduction of uncertainty in international portfolio and trade flows. It has been noted around the world that exchange rate risks are considered barriers to international business. However, under this system, guessing of the next exchange rate period using scare resources is not evident hence a solution to international business.

Secondly, the system creates an automatic balance of payment adjustment mechanisms to maintain external and internal balance of payments. Such kind of mechanism is called price-specific flow mechanism. It takes care of imbalance of payments between countries price levels and current accounts. For example, if a country accumulates specie and runs a currency surplus account, the prices increases, making the nation or country a prone place for foreign investments. Such a situation is helpful since it reduces foreign deficits as well as current account surplus in the home countries.

Thirdly, the exchange rate system in itself is an asymmetrical adjustment of monetary policies under a reasonable gold standard. If a country’s central bank increases its money supply, it lowers the pressure of the state’s interest rates. Such a situation makes other nations or countries more appealing to investors (Arestis & Demetriades, 1997).

However, pegged exchange rates have demerits as well. Before looking at these disadvantages, it is also worthy questioning some of the advantages for better understanding.

Disadvantages of pegged Exchange Rate System

The system has questionable price stability mechanisms. A metallic standard is known to promote price stability. However, various studies show that gold standard errors are known to experience huge fluctuations in the average price levels in a given country. Such fluctuations are caused by changes in the price of gold with respect to the price of other services and goods.

Pegged exchange rate systems have doubtful prosperity and stability. Since price, stability causes economic stability and finally prosperity, the assumption is that the metallic standards are linked with lower and higher volatility in growth. One of the most disastrous economic downfall in recent years, the Great Depression, was cause under the pegged exchange rate System. In addition, complex and contradictory monetary standards and policies were adopted during the gold standard period in the 18th century, which led to higher unemployment and lower economic growth among countries.

Under the pegged exchange rate system, the price-specie-flow mechanism is questionable. The mechanism did not work under the gold standard period. Generally, the system does not work in a reserve currency standard country. It can be depicted that the mechanism cannot work and if it did work then all countries, current accounts would be balanced. This is a clear indication that the pegged exchange rate system has various downfalls to be considered valid or reliable (Arestis & Demetriades, 1997).

Crawling Pegged Exchange Rate Systems

The System is an amalgamation of pegged and fixed exchange rate systems because the currency is tied against another major currency, but alternates within a limited margin. One of the well-known crawling exchange rate arrangements created or developed among the European states in 1973, whereby their currencies they come up with dimensions to maintain their currencies within a specified limit of each other (Buiter & Grafe, 2012).

Advantages of Crawling Pegged Exchange Rate System

The key merit of this systems is that it offers committed and credible monetary policy hence provides monetary discipline that cats as a nominal anchor for disinflation. This is cause from the fact that under the pegged System, the government or the country has scare ability to exercise short-term optional monetary policies, because crawling pegged rates manage the international flow of local or domestic monetary supply.

The other advantage is that crawling pegged rates are preferred when there are existing shocks linked with unstable domestic financial and monetary policies. Moreover, if a local currency is pegged against a major or more stable currency, such as the Dollar or Euro. The fluctuations are more predictable hence causing more trade opportunities to potential investors. The rate of the crawl is always set lower than the forecasted inflation, to fight any challenges associated with inflation in the future.

Disadvantages of Crawling Pegged Exchange Rate System

However, this system has various disadvantages. First, when a country is faced with high inflation rates, it currency is pegged against other currencies causing loss of competitiveness and overvalued currency. In addition, the system also creates misalignments controls on international financial flows and trade as well as faces speculative attacks, which breaks down cost of currency crisis.

The other disadvantage is that the government cannot capital flows from speculative movements, the rate under the crawling System responds to movements as well as creates instability. This leads to high control of international and domestic trade activities that are very costly. Thirdly, crawling pegged system creates financial inflexibility when fighting inflation. Generally, crawling pegged system provides short-term shield against unexpected.

Target Zone Exchange Rate System

This a system whereby two countries agree to keep the exchange rate of their currencies in a certain range in a fixed form. The System combines factors from floating and pegged to allow the market factors to have an effect on the exchange rate of a given country or other competitive advantages in the country’s exports and imports.

Advantages of Target Zone Exchange Rate System

The system is known to reduce risks in international trade by maintaining a fixed rate of the currency. It offers room for buyers and sellers from a given country to agree over a given price of services or goods (Obstfeld, Shambaugh & Taylor, 2005).

Secondly, the system eliminates destabilizing speculations. Speculation flows can be very destabilizing for an economy and the incentives to speculate are very small when the existing exchange rate is targeted.

Disadvantages of Target Zone Exchange Rate

The system does not allow automatic balance of payments adjustments. Target zone exchange rates require the government or central bank to hold large reserves of foreign currency to maintain a fixed rate- this reserve creates an opportunity cost.

References

Arestis, P., & Demetriades, P. (1997). Financial development and economic growth: Assessing the evidence*. The Economic Journal, 107(442), 783-799.

Buiter, W. H., & Grafe, C. (2012). Anchor, float or abandon ship: exchange rate Systems for the accession countries. PSL Quarterly Review, 55(221).

Hill, C. W., & Jain, A. K. (2007). International business: Competing in the global marketplace (Vol. 6). New York, NY: McGraw-Hill/Irwin.

Obstfeld, M., Shambaugh, J. C., & Taylor, A. M. (2005). The trilemma in history: tradeoffs among exchange rates, monetary policies, and capital mobility. Review of Economics and Statistics, 87(3), 423-438.