Can someone please check my homework :) ?

Can someone please check my homework ? English isn't my native language and i make a lot of grammar mistakes :/

The article "The spread of counterfeiting: Knock-offs catch on" from The Economist described the impact of counterfeiting on economy and how the fake goods spread quickly all over the world. Fake goods can be found everywhere. In several examples, The Economist points out that NASA has bought suspicious equipment and the number of counterfeit parts in military electronics systems more than doubled. Moreover artificial gold found in German's bank or fake porches and Ferraris on Bangkok's streets. According to the International Anti-Counterfeiting Coalition, fake goods make up 5-7% of world trade and are worth somewhere between $250-600 billion. Besides that the article mentioned the reasons of the growth of counterfeiting in recent years. Among them are: shift of world manufacturing to the countries with poor protection from counterfeiting, internet that makes it a lot easier to trade goods and recession in rich countries. Because of growth of counterfeiting a lot of companies are making losses. In order to overcome problem of large number of fake goods companies are using more and more sophisticated technologies such as holograms, special inks, watermarking or radio-frequency identification. The most successful method is so called "genetic markers", made to be incorporated into the packaging or product itself, as well as online "brand-protection" agencies. A treaty called the Anti-Counterfeiting Trade Agreement (ACTA) is expected to be released in order to strengthen controls on piracy. There might be a problem to enforce the treaty in China, since 80% of the world's counterfeit goods are produced there.

Basically, the article "The Cost of Europe's Volcanic-Ash Travel Crisis" from Times, describes the impact of the volcanic ash cloud on the air transport industry. The volcanic ash cloud that grounded planes across Europe last month, has caused chaos and losses to the airlines. Europe's biggest tour operator, TUI Travel, is facing losses of $30 million, which is increasing by $9 million a day. According to the ACI group, the volcanic ash cloud has cost European airport around $183 million. Due to the global financial crisis, travel business had bad time and volcano eruption made it even worse. It caused disruptions in global trade, since a lot of goods traded are transported using air planes. Some food and flowers businesses will be affected by the inability to export their product. It may impact especially Spain which export large amount of products and Kenyan growers that are facing a loss of about $2 million a day. More of the world's commerce may be carried by road, rail or sea, therefore the effect on the wider economy, is not expected to be as great. And as long as the disruption is not too long, this should not be a big problem.

An article in The Economist magazine titled, "Wominnovation" discussed a new study by the International Centre for Research on Women into how innovation could empower women and promote greater gender equality. This study examined eight inventions that have helped women dramatically; among them are mobile phones, microcredit and scooters. The Economist also pointed out important factors of "wominnovations" such as a favorable political, social, and economic context and inherent value proposition that encourage women to embrace the innovation. Innovation provides an opportunity to improve the lives of women. The Economist highlights few ideas, which will help women escape poverty, among them are foot-pedaled water pumps, the "micro-franchising" of heating and lighting in rural areas not served by the electric grid and the "crowd sourcing" of work to local communities.

"Europe enters era of belt-tightening" is the article on current issues facing Europe. European countries impose cuts on scale not seen in decades. In Greece were violent demonstrations and strikes and now there is growing concern that public anger will become more widespread. Also Spanish trade unions were threatening strike action. The financial help for the euro zone was given in order to free up sovereign debt and ease markets in Europe, under the condition that governments will cut the deficits. For the first time since EU aid started flowing in the 1980s, The Greeks in facing a significant drop in living standards by 4%. Greek government has announced a 12% wage cut for civil servants, reduction in pensions and job losses, which was very upsetting for people. Spain acted similarly, by cutting civil service pay by 5 %. Beside Greece and Spain, also other western European countries like France, the UK and Irelands are taking the measures to reach a budget deficit. Italy and Portugal have also had to tighten their belts. The danger is that Europe has acted to late, and the cuts in each country with a huge deficit to plug will unable new economic growth.

The Economist reported that in 1990 over 100 million girls had been killed, aborted, neglected or disappeared and that the number is rising. The murder of girls is especially common in China and northern India, where parents prefer sons. In these regions more than 120 boys are being born for every 100 girls. The article points out 3 main factors explaining this situation. These are ancient preference for sons, the modern desire for smaller families and finally modern technology that make it possible to determine the gender of a child very early in the pregnancy. Therefore China and India now face imbalance between the number of boys and girls, which leads to a lot of social problems such as women trafficking, violence and unmarried men. Over the next generation, many of the problems associated with gender selection will worsen. The Economist says that these countries need to take actions in order to deal with this problem. China should change one child policy. All countries need to raise the value of girls.

In the article : "A new approach to tackling climate change" appearing in Tuesday's Financial Times, author, Jagdish Bhagwati, argues that the failure of the climate change summit in Copenhagen was due to the fact that creativity is needed to bridge differences between rich and poor countries on climate change. According to the professor new protocol should be build on principles in existing international institutions such as the World Trade Organization. Moreover he says that in a new climate change protocol rich countries have to accept a tort liability for past emissions. All countries should accept liability for current emissions, although developing countries could get more time to fulfill obligations. He also says that cutting emissions will harm the growth of developing nations. New technologies could help to solve this problem, provided they can be accessed at negligible cost, however, no one is willing to subsidize this idea.

The Economist writes about corporate corruption in an article called ‘The Corruption Eruption'. Corruption within the organization is not only ethical issue but it makes also strong business sense, and many companies believe that there is a regrettable tension between the ethical principles and the logic of business. According to article many companies like Reebok, Google and Novo Nordisk have succeed in emerging markets without getting involved in corruption. IKEA took measures to eliminate corruption in Russia, including threatening to stop its expansion in the country and firing managers who pay bribes. According to a World Bank study, by Daniel Kaufmann and Shang-Jin Wei, companies that pay bribes are spending more time negotiating with bureaucrats; moreover borrowing is more expensive for corrupt companies because of regulatory fluctuation. The article points out hidden costs of corruption. First of all once you pay a bribe, you are being expect to continue, secondly corruption has high psychological cost on people. Nowadays more public pressure is being applied to companies and organizations to act in an ethical way, and likelihood of getting caught is much higher today than few years ago. Legislation has been changed in order to eliminate corruption. Under recent legislation, senior managers can be held personally liable for corruption on their watch, risking both high fines and prison time.

A new report by British researchers from the U.K.'s Chartered Institute of IT says that people who have regular access to the internet are happier that those who don't. Recent studies show that technology use can induce stress and addiction. Moreover researchers found out that low-income, developing worlds, and women show links between internet and technology use and a person's well being. The Trajectory Partnership analyzed 35.000 people world wide in 2005-2007, the survey showed that internet gives people a feeling of freedom and control. According to the Cord Graham internet and technology use reduces everyday restraints for people in developing countries. These studies showed that there is no link between age and happiness caused by internet access. Researchers discovered surprising act that women gain more from technology than men. The Trajectory project says that these results motivate them to look into why some people benefit from internet access more than others. They also hope this study will help the way technology industry is developed.

The article "Savings and the Poor: A Better Mattress," examines the current market for microsavings products in developing world, where the savings options are limited. Advocates of a greater variety of financial services for the poor argue for more balance. Among 166 microfinance institutions surveyed in 2009, 100% provided loans but only 27% offered savings products. More microfinance institutions are becoming interested in the potential of savings, because of the global financial crisis, when they faced liquidity problems. The Bill & Melinda Gates Foundation recently announced grants worth $38 million to 18 microfinance institutions to broaden their savings offerings. One of the difficulties of saving is in finding ways to accept large amount of small deposits without massively reducing transaction costs. Innovations such as mobile banking and branchless banking can significantly decrease these costs. Moreover article argues for better technology and more flexible regulation about who can accept deposits.

The article "The celebrity effect" published in The Economist discusses financial impact of appointing celebrities to a company's Board of Directors. Many companies have in their board of directors celebrities, for example Evander Holyfield at Coca Cola; Michael Jordan at Oakley; Billie Jean King at Philip Morris; Gerald Ford at American Express. According to "Reaching for the Stars: The Appointment of Celebrities to Corporate Boards" putting a celebrity with little business experience on a company's board of directors gives a lasting boost to its shares. For instance Disney's share price increased by 4.2% on the day when Mr. Poitier joined the board of directors. Certainly, Stars increase the value of the firms whose boards they join. Therefore they help to draw the attention of investors to a company which, increases demand for its shares and thus its share price. The Economist concluded that having celebrity director might work for a while and sooner or later investors will realize that if the appointment of a director who only has to offer famous name boosts a firm's share price, they will have wrong opinion on the rest of the board.