My Motivation To Study International Banking
Growing up the world around us appears to be constant but we are quick to find out that the truth is, in fact, the opposite. It allows us to discover the truth behind the world’s nations. The reasons they grow or fall, why they are so vulnerable and the different natures of people and how they contribute to the economy. It is this that sparks my interest in economics and languages as it allows me to see beyond the surface of the world and to delve deeper into the way the world works, the human interference and the effects it has on the economy. Looking beyond what meets the eye helps us to develop an understanding of all aspects of the global economy. Foreign language is important as it is a means of communication for a stable global economy. Global interdependence would not be possible without the ability to interact with people of different societies. I have an affinity for languages, as they create communities and are recognised worldwide regardless of them being sign language or a spoken language, and cultures as they are a part of your identity and define who you are as a person. Culture is the way you dress, the food you eat, how you live, the language you speak your values and so on. In 2015 I had the opportunity to travel to my homeland and experience the African culture.
My trip to Tanzania, where I got to visit Dar-es-Salaam, Arusha and Zanzibar, allowed me to explore the different aspects of the culture from the music and art to the local cuisine and language. Living my culture first-hand sparked my interest in how other nations around the globe may differ. Understanding one’s culture is challenging without the use of the language affiliated with it. I am particularly interested in Spanish as I find the Hispanic culture intriguing. Festivals are a big part of the Spanish civilization and studying the festival ‘El Dia de los Muertos’ at A Level peaked my interest as it highlighted how nations around the world differ. This festival fascinates me as it is a time where Mexicans celebrate the death of those close to them rather than grieve their losses. Learning this fact only emphasised my want to broaden my knowledge of the Spanish language and the different Hispanic countries. I would like to go on to do International Banking and having insight on Hispanic countries and the ability to speak English and Spanish alongside my understanding of basic Gujarati will aid me in becoming more internationally employable. My studies of past and current global affairs, such as the 2008 financial crash and Brexit, have left me eager to learn more about the economy as a whole. With a keen interest in both Spanish and economics, I read relevant news articles, such as BBC news, BBC Mundo and El País, that enhance my knowledge and understanding of global economic affairs, with a particular emphasis on Britain and Spain.
The global financial crisis demonstrates the delicate nature of our economy. I believe that banking culture played a big role in the meltdown and had moral hazard and the idea of banks being ‘too big to fail’ shown to be false, the collapse may have been avoided. Our economy may suffer from Brexit as it could lead to a lowered GDP growth, a reduction in investment and tourism, which is the second highest source of revenue to the UK, may decrease. I have taken my studies of Economics and Spanish outside of my A level syllabus by reading about Venezuela. Currently, mid-crisis, millions of Venezuelans are leaving their country as they suffer from hyperinflation, a lack of food and a shortage of medicine. The country’s economy is considered to be in free fall. I am keen to learn more about the Spanish economy and the Worlds different nations as a whole.
