The Treatment of Women during the Renaissance Period

As many may think, women weren’t as important during the renaissance period. Some seem to believe that women had it easier than they do today. Some even believe that they had much more power and independence. If only that were true. Women who showed too much independence, sexual or otherwise, were punished and sometimes even killed (Wiesner 59). Women were made to be seen as saints and remained loyal to one man. During the renaissance period, women went through many hardships and many things were expected of her by her family, as well as her husband. You might ask, what was marriage, education, and employment like for women during the renaissance period? For women in the renaissance period, their duty was to marry, have children, and take care of their household. Although, for couples that were lower class, the marriage was delayed since they couldn’t afford it. Women married young to ensure their heirs around the age of 16 to 20. For women, marriage was the clearest ma rk for social hood. In many marriages, it involved the women, her parents, kin, and community (Wiesner 72.) According to Joan Kelly, a woman would have a gift, such as money or farm animals, that went to her future husband. On a woman’s wedding day, her father would parade her through her new home. If a woman were an orphan, she could choose her own husband. According to Merry Wiesner, there wasn’t much concern for romantic love. Instead, it was more about economic security, social prestige, and the hopeShow MoreRelatedThe Role Of Gender During The Renaissance Period1466 Words   |  6 Pagesthe Renaissance period, which took place between 1300-1700. The term Renaissance stands for ‘rebirth’, and in this context refers to the increased interest that was taken in learning from Greek and Roman classical writing. Recent exploration by historians into the Renaissance period has seen a fixation on the discussion of the role of gender during the Renaissance. A variety of historians, such as Joan Kelly and Merry E. Weisner, believe that women didn’t experience any form of a Renaissance duringRead MoreThe Italian Renaissance And The Renaissance1158 Words   |  5 PagesThe Renaissance period is known for the revival of the classical art and intellect born in ancient Greece and Rome. The Renaissance is also a time that is marked by growth, exploration, and rebirth. The Italian Renaissance started in Florence and progressively made its way into Venice and then into the great city of Rome. During the Renaissance, Rome was home to some of the renowned works of art and the finest architectural masterpieces in the world - too many that still holds true today. Along withRead MoreHamlet Character Analysis1502 Words   |  7 Pagesdifferences from his society, which Shakespeare strategically used in changing his own society, striving for a better world to live in. In the Middle Ages, and particularly in the context of Hamlet, society and the opinions of it governed the people. During this time no-one had radical ideas which changed the society that they lived in, which allowed people to become closeminded about the status’ of other. Hamlet, throughout the play, always was one step ahead of his present society in mindset, and didn’tRead MoreEssay on Medical Progress Made By The End Of The Renaissance851 Words   |  4 PagesOf The Renaissance Whats the Renaissance? Well the Renaissance is a time of great intellectual, scientific and cultural development, in our case we are looking at The Medical Renaissance which was from 1500 - 1650 and in this assessment we are going to look at diseases, treatments, doctors, technology and new discoveries and by the end of this piece of writing, I will have answered the question What Medical Progress Had Been Made By The End Of The Renaissance? Read MoreAmerican Renaissance Writers Essays1409 Words   |  6 PagesAmerican Renaissance Writers ENG/491 December 19, 2011 Peggy Walls American Renaissance Writers The American Renaissance, in literary circles occurred during the middle to late 1800s. â€Å"One of the most important influences of the period was that of the transcendentalists† (Britannica, 2011). Major writers during this perid had a common bond. Their platform was ‘an idealic system of thought based on a belief in the essential unity of all creation, the innate goodness of man, and the supremacyRead MoreComparing The Tang Dynasty And The Western Civilization1524 Words   |  7 PagesFrom as far back as time could go, nearly who and what a person was depended on their gender. Women were seen as inferior to men no matter their intellectual or social status background. Men and women alike were expected to have certain and specific duties associated with their gender. Gender roles have always been a popular discussion topic due to its major impacts on cultural norms of various time periods. The popular start and discussion of gender roles and feminism specifically was initiated inRead MoreAdvancements Of Medical Care During The Time Period Between 1500 And 1800921 Words   |  4 Pages In the time period between 1500 and 1800 there were changes in medical theory and philosophy, and while the ideas firmly established at the beginning and end of this period seem quite different on the surface, there are similarities. This is due to new theories incorporating pillars from previously accepted ideas and practices. Major points to take note of in this period are: the extent of improvement in quantity and the quality of medical care, the shifting relationship between theology and medicalRead More Journalism and the American Renaissance Essay1721 Words   |  7 PagesJournalism and the American Renaissance      Ã‚  Ã‚  Ã‚  Ã‚   The period in American Literature known as the American Renaissance was a time of great change in our country. It was an age of westward expansion and social conflict. Americans were divided on such volatile issues as slavery, reform and sectionalism that ultimately led to the Civil War. Emerging from this cauldron of change came the voice of a new nation - a nation with views and ideals all its own. The social, economic, technological and demographicRead MorePotrayal of Women in The Ancient World, The Middle Ages, and The Renaissance992 Words   |  4 PagesThroughout the three literary periods: The Ancient World, The Middle Ages, and The Renaissance; women have been portrayed and treated in different ways. The Iliad by Homer is about the Trojan War fought by the Achaeans and Trojans which was over the capturing of the wife of King Menelaus, Helen of Troy, by Paris. In The Canterbury Tales by Chaucer, it is about a group of 29 people who are all on a pilgrimage to Canterbury to worship St. Thomas’s shrine; however, as Chaucer describes all these typesRead MoreHow Much Did Medicine and Treatment Progress (Change and Continuity) Between 1350 and 1750?1482 Words   |  6 PagesHow much did medicine and treatment progress (change and continuity) between 1350 and 1750? In medicine there were many things that changed and some that stayed the same between 1350 and 1750. Initially I will be looking at medicine and treatment in the Ancient World as a prelude to its importance during the Renaissance period, and also the influence it may have had in the Middle Ages. During Ancient times, cure and prevention of illness and disease were not very well developed – people would

Social Work and Love of Humanity

Question: 1. Which practical and technical skills enhanced your creativity and resilience during your field placement? 2. With reference to the BHCS program, which units/learning material has been useful to maximise your field placement experience? 3. With regards to your individual field placement, which new skills have you aquired and which factors determined this process? Answer: 1. Practical and technical skills My intellectual skill was the main center in case of practical and technical skill that helped me in improving my creativity and flexibility at the time of field placement. The onsite professionals guided me to have a track of my own self-awareness in terms of emotions and capabilities. Moreover, I focused on Australian Red Cross so that it can motivate to attend English classes. On the other hand, I advised my supervisor to introduce drinks and food to boost the people to attend class. I faced some challenges on certain levels during my placement to reach out to professionals and colleagues but this helped me know my own capabilities. Apart from that, I gave one suggestion to my facilitator of football that instead of playing football for 45 min we can plan for 30 min and the remaining 15 min can be used for giving English lecture. Therefore, slowly we can encourage them to attend English session along with continuing lesson. Thus, I can point that my creativity thinking helped in i mproving my resilience. 2. Units or Learning Material The major units of BHCS program have been productive to boost my field placement experience. The Dynamic of Group Work, Working with Community and Developing community and Social Policy were effective to provide me better experience. The Australian Red Cross Migration Support Program was valuable in providing support to immigration detainees, refugees, asylum seekers, etc. Therefore, group was formed in order to attain the expected objective (D'Cruz and Stagnitti, 2009). On the other hand, the Australian Red Cross was involved in community development. It worked for saving the life of the people and provided necessary medical aids such as blood donation to people having emergency condition (Briskman, 2005). The clients that were highly vulnerable, health and welfare support was provided. Apart from that, Australian Red Cross provided benefit to disadvantage people for implementing social policy (Duffy, 2010). Therefore, I worked with 14 people of different nationalities so that stron g relationship can be build. 3. New Skills acquired During my placement phase, I consider myself lucky to attend professional development training along with onsite psychologists. I was able to address the emotional intelligence and was able to arrive at conflict resolution which really helped me in working effectively in worst environment situation. On the other hand, I learnt different personal and professional skill at my placement area. I developed a flexibility characteristic in myself in the event of changing environment and it helped in me placing my personal and political emotion. Moreover, I did not let my emotional feeling to come into play while making tough decision. However, I discovered communication skills while working with Australian Red Cross. I carried telephonic questionnaire with the clients of Red Cross to know their feedback. The interpersonal skill was gained which helped me in interacting with the clients and providing solution to their issues and problems. I discovered leadership skill in me and participated in organizing function, meeting, etc. Further, I generated support skill feature and provided ample support and guidance to the clients. References Briskman, L. (2005). Reclaiming humanity for asylum-seekers: A social work response. International Social Work, 48(6), pp.714-724. D'Cruz, H. and Stagnitti, K. (2009). When parents love and don't love their children: some children's stories. Child Family Social Work, 15(2), pp.216-225. Duffy, M. (2010). "We are the Union": Care Work, Unions, and Social Movements. Humanity Society, 34(2), pp.125-140.

3 Common Errors When Using Numbers

3 Common Errors When Using Numbers 3 Common Errors When Using Numbers 3 Common Errors When Using Numbers By Mark Nichol References to numbers, spelled out or in numeral form, often include erroneous use of hyphens or dashes, as shown in the following examples. Errors are explained and corrected in the discussion and revision that follows each sentence. 1. The US men’s basketball team won seven Olympic gold medals between 1936–68. A dash (not a hyphen) that connects two numbers to represent a range functions as a replacement for from and to, so do not include from before a number range separated by a dash. Between, likewise, should not be paired with a number range, but in this case, retain the word, pairing it with and in place of the dash: â€Å"The US men’s basketball team won seven Olympic gold medals between 1936 and 1968.† (â€Å"The US men’s basketball team won seven Olympic gold medals 1936–68† is not syntactically valid.) 2. Fourteen and fifteen-year-old kids are easily impressionable. When two hyphenated phrasal adjectives are identical except for the first term, the rest of the first phrasal adjective after that term can be elided, with the implication that the balance of the second phrasal adjective serves both of the initial words. However, to signal this sharing, retain the hyphen after the first element: â€Å"Fourteen- and fifteen-year-old kids are easily impressionable.† (Otherwise, the implication is that fourteen kids are easily impressionable, and so are fifteen-year-old kids.) 3. The rockslide occurred when a massive slab measuring fifty-by-eighty-by-fifteen feet broke off from a sheer cliff and went flying down the mountain. When a phrase consisting of two or more numbers separated by by describes the surface area or volume of an object, omit hyphens unless the entire phrase modifies a noun: â€Å"The rockslide occurred when a massive slab measuring fifty by eighty by fifteen feet broke off from a sheer cliff and went flying down the mountain.† (Compare â€Å"The fifty-by-eighty-by-fifteen-foot slab broke off from a sheer cliff and went flying down the mountain.†) The same rule applies when numerals represent the numbers. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Style category, check our popular posts, or choose a related post below:50 Redundant Phrases to AvoidDriver License vs. Driver’s LicenseWhat Is a Doctor?

Federalist Party Essays - Conservatism In The United States

Federalist Party Essays - Conservatism In The United States Federalist Party subject = american history title = feferaliast party "Seldom in the nation's history has there been a period so extraordinary in accomplishment as the first decade under the Constitution...." This paper is going to be a step by step evaluation of arguably the most important decade in American History. The time period covered in this paper is 1789-1801. These are the years in which the Federalists had the most influence in the new government. They accomplished an amazing amount in these 12 years. The Federalist Party was one of the first political organizations in the United States. The members of this party supported a strong central government, a large peacetime army and navy, and a stable financial system. Although the first president, George Washington, was not a Federalist, his Secretary of the Treasury, Alexander Hamilton, was the developer and leader of the Federalist party. Hamilton believed in a loose interpretation of the Constitution so that the central government could become more powerful. Also Hamilton, along with the other party members, believed that commerce and manufacturing were more important than agriculture. Financial Dilemma During the first two years of the new federal government the biggest problem was that of raising money. At first the Congress adopted a small tariff on imports. This was a start but not nearly enough. The government needed this money to maintain its own existence and to be able to pay of the debt. The existence of the government was a necessity, but there was a lot of discussion as to whether the debt should be payed off. The mare magnitude of the debt seemed to compel some measure of avoidance. In 1789, the national debt totaled more than $50 million, $11,700,000 of which was owed to France and Spain and the private bankers of Netherlands, while $40 million was in the form of securities held by citizens of the United States. The interests owed to the bankers were being payed off by loans from the bankers themselves. The government didn't even have enough money to pay the Barbary corsairs for release of captive sailors! When Congress couldn't come up with a solution that was satisfactory, they turned to Alexander Hamilton with the dilemma. He soon proceeded to draw up a full report entitled "Report on Public Credit." In this paper Hamilton proceeded to show that the only way for a new government to establish credit was to deal honestly with its creditors -for in many cases they would be the people to whom the government must look to for future loans. This policy received strong opposition from Madison and other soon to become Republicans (second political party in America). The federalists held strongly, but only with the passing of the Assumption Bill (movement of capital more toward the South) where they able to pass the bill. This achievement was significant, but lacked two things which would be necessary to carry it out. For one it lacked a circulating medium, and two it lacked a central bank. Hamilton then proposed a remedy. He wanted to establish a corporation that was to be called the Bank of the United States. This bank was to serve as the principle depository for government funds. It was also to serve as the issuer of bank notes. This was a loose interpretation of the constitution. Again Madison led the opposition to no avail. But Hamilton held strongly to his belief that even the most uncompromising opponent of the bank "would, in one month's experience as head of that department of the treasury, be compelled to acknowledge that it is an absolutely indispensable engine in the management of the finances, and would quickly become a convert to its perfect constitutionality." This plan favored the central government. The bank made little banks, who couldn't compete, go out of business. The rich ended up being able to buy a part in the bank and so got richer, and the poor and middle class didn't get the benefits. The central government was becoming self sufficient, and less dependent on the states. What Hamilton did is make the nation stronger in the eyes of other nations. This is a great accomplishment. If the Federalists (they didn't call themselves that until 1792) weren't in power the nation would have been weaker and more decentralized. Foreign Difficulties There were three views on the French Revolution and the French-British war in 1793. Jefferson's followers favored France. They wanted to abide by the treaty America signed with France in 1788. They thought it was the right thing to do. Hamilton's followers favored Great Britain.

IRAC Brief and Torts Scenario Coursework Example | Topics and Well Written Essays - 500 words

IRAC Brief and Torts Scenario - Coursework Example ly based on the flooding associated with Sandy.† (Butts, 2015) The rule used in deciding the case was from the Executive Order 165 and Order 163 while the insurance policy acted as the agreement document. The plaintiff’s insurance cover excluded the case of losses or damages that were caused indirectly or directly by the floods. It covered only the losses or damages that were caused â€Å"by order of a civil authority as a direct result of a Covered Cause of Loss to property in the immediate area.† (Butts, 2015) Bamundo, Zwal and Schermerhorn main cause of loss was Sandy storm which is a flooding condition. The evacuation was, therefore, not a cause of loss to the plaintiff’s but a precautionary act to avoid further loss. In case, the civil authority acted out of no natural forces to evacuate the plaintiff’s then the case’s verdict would have favored them. The major cause of the loss to the plaintiff is the floods conditions, therefore, the insurance company are not suppose to compensate the plaintiff. The civil authority evacuation order was a precautionary act that whose cause was the flooding condition. The judge’s ruling is right and the facts and arguments that are provided are reasonable and make sense. Personal property is a property that is movable contrary to real estate or real property. In common law it can be referred to as personalty or chattels while in civil law it is called movables or immovable property. It can be classified in the form of tangibles and intangibles, whereby, the tangibles include clothing, furniture and jewelry while intangibles include negotiable instruments and securities (Burke & Snoe, 2008). Real property is a kind of property attached to land directly and includes the land itself (Burke & Snoe, 2008). It includes buildings, other structures, interests and rights. The real property can be categorized as either residential or rental. Intellectual property is a broad group of intangibles that have a company as

Parliamentary System VS Presidential System Essay

Parliamentary System VS Presidential System - Essay Example This research will begin with the statement that democratic governments are those that permit the nation's citizens to manage their government either directly or through elected representatives. This is opposed to authoritarian governments that limit or prohibit the direct participation of its citizens. Different types of political systems prevailing in the current world. Broadly speaking, based on the nature of functioning the entire political systems in the world can be classified into tow; democratic systems and totalitarian systems. Communism in China and some of the autocratic Islamic administrations in countries like Saudi Arabia, Kuwait, UAE etc are examples of totalitarian administrations. On the other hand, in countries like America, Canada, UK, India etc; democratic administrations are functioning even though these administrations differ somewhat in its core areas of functioning. Since the fall of Soviet Union and the subsequent fall of communist regimes in Easter Europe, d emocracy is gaining prominence in world politics. Parliamentary system and presidential system are the two major categories under the democratic political system. Judiciary, Parliament and Executive are the three major pillars upon which a democratic political system works. The nature of functioning of these three pillars would be different in parliamentary and presidential political systems. Canada, India, etc are some of the countries in which parliamentary democracy prevails whereas in America presidential system of democracy is in operation.... There are many other differences between parliamentary system and presidential system. Canada, India, etc are some of the countries in which parliamentary democracy prevails whereas in America presidential system of democracy is in operation. This paper compares the parliamentary system and presidential system taking Canada and America as examples. Differences between parliamentary system and presidential system In a parliamentary system, government cannot function against the will of parliament. Both the prime minister and his cabinet are accountable to parliament. They cannot function independently or without seeking the opinion of the parliament, while taking decisions and formulating policies. All the governmental policies should be presented and discussed in the parliament comprehensively before the implementation stage. Governments in parliamentary system cannot implement any policies without the approval of the parliament. In most of the cases, parliament approves all the bill s presented since the ruling government have majority in the parliament. In short, prime minister and his/her cabinet are accountable to the parliament in parliamentary democracy. On the other hand in countries like America where presidential system prevails, president enjoys slightly more power over the parliament or congress. American president has the authority to veto any of the decisions taken by the Congress, even though in most of the cases, the president functions in line with the decisions taken by the Congress. Since countries like Canada, Australia, New Zealand etc were British colonies earlier; the governments in these countries are functioning slightly differently even though

The Arguments For Privatization

The Arguments For Privatization Privatization is transfer of state owned enterprises to private ownership. William Megginson and Jeffrey M. Netter(2000) defined privatization politically and economically, as the deliberate sale by a government of state owned enterprises(SOEs) of assets to private economic agents. According to Charles A Ntiri (2010); Privatization has been defined by economic scholars and jurists to encompass a wide range of options for involvement of private capital and management in the running and operations of public enterprises It may involve the total transfer of public ownership and assets structures to private companies or conversion of public enterprises to private entities or incorporation of new private entities in place of public enterprises which can be by management transfers etc. He also quote Heydare Kord-Zanganeh (2001) on privatization to refer to all initiatives designed to increase the role of private entities for applying society resources to produce products and services by dec reasing and restricting government or official roles. Lumbini Kulasekera (2001) in his article on Restructuring stated-owned enterprises through privatization explain that, the system of state enterprises was established to provide support. Support for consumers in form of better products and services at less cost. Support for workers in form of rewarding and meaningful employment .Support for the government in form of revenues. Many state enterprises can no longer provide this support .In fact they are in need of support themselves .These institutions in fact, should be productive national assets, making a contribution to the progress and welfare of the country. But years of politicization, corruption, mismanagement, inadequate investment, lack of vision and discipline have stripped them of their potential making them colossal liabilities.Over the years enormous amounts of money have been spent to sustain ailing state enterprises. Governments borrow heavily from the state banks and from foreign financial institutions. Aid donors will n o longer support wasteful expenditure .Therefore either unproductive state enterprises will have to be shut down or the entire economy will go bankrupt. Privatization therefore is inevitable and necessary. This essay explain the arguments for privatization of state owned enterprises in emerging markets and why state owned banks in emerging markets have not been privatized. The essay comprises of three sections; Introductory part, arguments for privatization of state owned enterprises and why state owned banks have not been privatized in emerging markets, conclusion has been done respectively in each of the second and third section respectively. Arguments for privatization There are different arguments for privatization of state owned enterprises in emerging market in support of different researches done earlier concerning the privatization in emerging economies. William L. Megginson Jeffry M.Netter(2000) argue that, Contracting ability impacts the efficiency of state and private ownership. Government ownership of firms results in problems in defining the goals of the firm. He also quote Hansmann and Kraakman(2000), While the shareholder-wealth maximizing model of corporate organization is becoming increasingly dominant in part because of the advantages of having a well-defined corporate goal, he continued that governments have many objectives other than profit or shareholder-wealth maximization. Further, government objectives can change from one administration to the next. The inability of the government to credibly commit to a policy can significantly reduce the efficiency of a firms operations and governance. Even if the government does attempt to maximize social welfare, for example, welfare is a difficult thing to measure and use in guiding policy. In addition, the governments goals can be inconsistent with efficiency, inconsistent with maximizing social welfare, or even malevolent (he quoted Laffont and Tirole, 1993 and Shleifer, 1999).In addition, even if the government and the nations citizens agree that profit maximizing is the goal of the firm, it is difficult to write complete contracts that adequately tie managers incentives to that goal. Shleifer (1999) argues that the owners of public firms (the nations citizens) are less able to write complete contracts with their managers because of their diffuse nature, making it difficult to tie the managers incentives to the returns from their decisions. This is a subset of the broader arguments based in property rights and agency costs that there will be differences in performance between government and privately held firms because there are a broader range of monitoring devices under private ownership. William L. Megginson Jeffry M. Netter (2000) argue that, Ownership structure affects the ease with which government can intervene in the operations of a firm. Of course, governments can intervene in the operations of any firm, either public or private. However, the governments transaction costs of intervening in production arrangements and other decisions of the firm are greater when firms are privately owned. Thus, to the extent that government intervention has greater costs than benefits, private ownership is preferred to public ownership (Sappington and Stiglitz, 1987). William L. Megginson Jeffry M. Netter (2000) also argue that, a major source of inefficiency in public firms stems from less-prosperous firms being allowed to rely on the government for funding, leading to soft budget constraints. The state is unlikely to allow a large SOE to face bankruptcy. Thus, the discipline enforced on private firms by the capital markets and the threat of financial distress is less important for state-owned firms. Kornai (1998, 1993), Berglof and Roland (1998), and Frydman, Gray, Hessel, and Rapaczynski (2000) all suggest that soft budget constraints were a major source of inefficiency in Communist firms. They also note that supposedly hard budget constraints imposed by a government on SOEs are not very effective either. William L. Megginson Jeffry M. Netter (2000) also argue that, Privatization can impact efficiency through its effect on government fiscal conditions. As noted in Section 1, governments have raised huge amounts of money by selling SOEs. Such sales have helped reduce the fiscal deficit in many countries. Though important, examining the efficiency effects of reducing government deficits is beyond the scope of this paper. Davis, Ossowski, Richardson and Barnett (2000) show that privatization has significant positive effects on governments fiscal conditions. William L. Megginson Jeffry M. Netter (2000) also argue that, At a macroeconomic level, privatization can help develop product and security markets. One important motivation for privatization is to help develop factor and product markets, as well as security markets. As discussed above, welfare economics argues that efficiency is achieved through competitive markets. Thus, to the extent that privatization promotes competition, privatization can have important efficiency effects. Inevitably, the effectiveness of privatization programs and markets themselves are simultaneously determined. It has been clear in the transition economies that the success of the privatization program depends on the strength of the markets within the same country, and vice versa. Thus, the impact of privatization will differ across countries depending on the strength of the existing private sector. The empirical evidence shows that this is the case. Market Socialism: The opponents of privatization argue that neoclassical economics welfare theorems should also work in an economy with public ownership .Instead of a soviet type economy with public ownership and planning, one can imagine a market socialism (Barone 1908; Lange 1936) system where firms are publicly owned, but exchange occurs in competitive markets, and SOE managers are incentivized via performance contracts. Some adherents of market socialism argue this is exactly what has been successfully implemented in China ( Critics of this idea argue that is very hard for the government to commit not to intervene in markets .Under market socialism, the government is omnipotent and can directly control all the prices. Therefore ,it is hard to protect market competition from the government monopoly , which would not only expropriate the consumer surplus but would also undermine efficiency .It is also hard for the government to commit to the strict antitrust policy that weakens the market power of state-owned firms. Even in an open economy which imports product market competition ,the government still wields a monopoly in the labor market and in markets for nontradeables.The government is also unable to commit to abstain from political pursuit s while designing and enforcing managements contracts. Another problem of government ownership is the liability to ensure the exit of failing firms. Governments (or government banks) often bail out firms, private or public, in order to preserve employment. This problem is especially severe in the case of public firms .It is essentially impossible for the state to commit to not bailing out its own firms. The resulting soft budget constraints further aggravate the incentives problem for state owned enterprises. Yet another argument in favor of private ownership is the importance of innovation; Shleifer 1998 argues that innovation can only prosper under private ownership .While inventors can come up with great ideas independently of the predominant ownership forms; further development commercialization of innovative ideas is certainly more likely under private ownership. Government revenue: Privatization helps to raise revenues for Government. State owned enterprises comprises of multiplicity of goals, they wants to maximize profit but they focus more on social security for the citizen, increase of employment might lead to overstaffing hence increase more cost on operations, Insufficient quality of facilities like machines for production ,leads to poor and incompetent products which cannot lead to generation of more profit. According to Sergei Guriev and William Megginson (2005) comments that private ownership strengthens the incentives for profit maximazion and therefore should lead to increased productive and allocative efficiency. Market failures. SOEs (State owned Enterprises) lack innovation that leads failure in the market. This is due to the fact that government aids compensate them even when they make losses so that they continue to operate and avoid the large number of unemployment. Sergei Guriev and William Megginson (2005) said that market failure even when they exist, do not have to be collected through public ownership. Much can be achieved through regulation, taxation, and private provision of public goods (through profit maximizing firms or nonprofit organizations. They also say that Public ownership may not resolve all the relevant issues both in democrat and in non regimes politicians are often concerned with issues other than economic efficient and social welfare; they may be either driven by political motives or simply corrupt.Privatisation reduces the ability to pursue political objectives. Megginson and natter (2000) argue that, Privatization tends to help the greatest positive impact in those cases where the role for the government in licensing the market failure is the weakest. By conclusion, There is growing body of empirical evidence on all aspects of privatization that uses detailed datasets and up-to-date methodology this empirical evidence provides solid evidence that privatization generally works both for the firms that are privatized and for privatizing economies as a whole. While privatization usually results both in increased productivity and reduced employment in privatized firms, fears of negative overall effects at the economy level are not justified. An important caveat here of those benefits of privatization depends on market institutions being in place. The countries that manage to ensure property rights protection and the rule of law, impose hard budget, increase competition, and improve corporate governance reap the largest benefits. If appropriate institutions are not in place, privatization often fails to improve performance at the firm level and for the economy as a whole. Empirical evidence provides a strong case for openness in privatization .Virtually all point to a positive role of foreign investors. Firms privatized to foreign owners exhibit the highest productivity increases .Moreover, as foreign owners usually buy the assets in a more competitive biddings process, they are likely to pay a high price for privatize assets and the threat of competition from foreign bidders also tends to raise the bids of domestic investors. Receiving a high net privatization price is important, not only for fiscal reasons but also for the political legitimacy of emerging private property rights and the sustainability of reforms. Why have State-Owned Banks not been Privatized in Emerging Markets? Many emerging markets have not privatized their banking systems or face some challenges after privatization. Panicos Demetriades et al (2010) argue that, governments should not feel pressured to re-privatize the banks. Once the black sheep of high finance, government owned banks can reassure depositors about the safety of their savings and can help maintain a focus on productive investment in a world in which effective financial regulation remains more of an aspiration than a reality. Privatization of banks has been done in some of emerging markets for example Mexico, India and China. Mexico face banking crisis in 1994, India face some challenges as private owned banks could not meet their pre-privatization objectives, while China face crisis but were able to maintain. Privatization can cause banking crisis. Times of India, article on Privatization can cause banking crisis of by TNN, 16 November 2001; Prof V.S. Vyas, chairman of the governing board of institute of development studies, Jaipur, has given a call for preventing banking crisis through reckless privatization. He was delivering the valedictory address at the recently held national seminar on `privatization of banks at Mangalagangothri, organized by corporation bank chair in bank management. Vyas, also a member of the central board of directors of the reserve bank of India and Nabard, said the content and phase of the economic reforms are different in different countries. Therefore, any sweeping measures to privatize banks would cause a severe banking crisis. On the banking crises in south-east Asian countries, he said the government should not give absolute freedom to the private financial institutions and foreign banks. Any move to give market orientation to ownership of financial instit utions like banks must be judged by applying three criteria; better initiative and transparency, better efficiency, better capital accumulation and growth. There is no conclusive proof to show private banks is better than the public sector banks when these criteria are applied, he said. Mexico has been cited as having to privatize its banks and face financial Crisis. Haluk,Unal Miguel Navarro (1999) said that shortly after their privatization, Banco Union (BCH), Cremi, Grupo Havre, and Banpa is failed. Following the peso devaluation of December 20, 1994, the entire banking system needed to be re-privatized at great cost to the tax payer. What went wrong? It is safe to argue that the lack of a previously enhanced legal and regulatory framework was a major obstacle in the full achievement of objectives relating to bank privatization in general. Although several attempts were made to overhaul the banking system, efforts were insufficient at the beginning of the bank privatization process to increase supervision. Changes in the legal and regulatory framework of the financial sector should have begun long before the privatization process started, as they usually are a slow and gradual process. The newly privatized banking system in Mexico operated under an outdated regu latory environment and with a set of supervisory agencies unable to implement new regulations or enforce existing rules. Performance of private owned banks could not outweigh the performance of government owned banks. Times of India, article on Privatization can cause banking crisis of by TNN, 16 November 2001, Prof Vyas lauded the achievements of the public sector banks in India in the last 36 years, particularly in reaching out to the masses in the hither to neglected villages. Even in china, the banks could not reach the level of rural penetration which the Indian public sector banks have been able to. The solution to the stagnation of banks is minimizing bureaucratic control, not hasty privatization, he argued. Former syndicate bank chairman and Thingalaya alleged the government made the proposal to privatize banks to satisfy the international monetary foundation (IMF) and the World Bank. Thingalaya, also a member of the Karnataka state planning board, said while the private sector banks in India account for just 6 per cent of the rural lending, it is the public sector banks which have been helping the rural masses in a big way. P.V. Subbarao, Chief General Manager, reserve bank of India, Mumbai, said while the private sector banks in India operate only in limited areas with very little staff, these banks are serving numerous villages and towns. The new generation private sector banks, the old private sector banks and foreign banks have yet to develop the mass participation approach, he observed. According to D. Beim and C. Calomiris (2001) If banks are privatized before SOEs, bank owners may engage in buying more companies and become industrial empires. Foreign banks may out-complete domestic banks and leave them seriously weakened. D. Beim and C. Calomiris (2001) added that Capital inflows (short term loans and portfolio flows) can easily go into reverse (e.g. outflow) and create liquidity crisis. In conclusion we cite Panicos Demetriades et al (2010), at the moment, there is calm among bank depositors but premature privatization of government owned banks could change that. The empirical evidence suggests that the very existence of government owned banks has its roots in bad regulation. Privatizing banks without fixing the underlying cause could result in greater financial instability, not less. Moreover, as experience and other research shows, privatizing banks can only increase the power of bankers which can create fertile ground for more bad regulation. And if you thought that government owned banks are bad for long run growth, you need to think again. The empirical evidence suggests that government ownership of banks during 1995-2007 has, if anything, been associated with higher growth rates.