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effects of unemployment in economy
effects of unemployment in economy
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Diagnosis of Capitalist Institutions: Slovenia has been facing a steady and dangerous decline of the economy for 8 straight quarters. This 2 year economic decline for Slovenia has done some serious damage towards their economy. Recently, in the last 3 months of 2013, they had their first quarter of economic growth in 2 years. Banks over this course of time have been tanking, giving bad loans, and have caused the government to step in to pour 4.5 billion dollars to help to economy recover from this. This economic decline hasn’t just affected the banks, it has really affected the unemployment rate in Slovenia. Slovenia’s unemployment rate rose from an already dangerously high 11.5% to just over 14%. To add to this, Slovenia is ranked 133rd in terms of labor freedom. This is a crippling statistic because it shows just how harsh labor rules in Slovenia can be. Having bad labor freedom allows for companies and businesses to wear down their workers and abuse them with awful guidelines and rules. This economic decline has been drastically hurting Slovenia’s economic growth. During this decline, tons of money was tossed at the public and private sectors of work to reduce their debt in the hard times. By doing so, it stunted the growth of the economy because of the growing unemployment, hard economic times, and hindering exports. Slovenia’s exports have been lacking due to production of “price-sensitive” and “low and medium technology products” which are about 40% of their exports. There has also been a lacking of demand for Slovenian products, because the countries they mainly export to, like Italy, Russia, France, Austria, and Croatia, all have economies that are either too small, or are also facing economic troubles. Be... ... middle of paper ... ...ts, Slovenia will recover, just not fully, and not as fast. If my treatment plan is totally disregarded, Slovenia will continue to be a crippled country for a very long time, until someone helps it. Finally, It especially important to fund research and development for companies with a lot of money. It may seem risky dumping huge amounts of cash into R and D, but in the long run, it will allow for companies to create new and improved products that will revolutionize the planet. Once that occurs, jobs will be needed to continue production of these products, so it will inturn lower unemployment. Doing all the other tasks fully, but not funding R and D with a bunch of money will cause the healing process to take longer than 10 years. It may seem ridiculous, but it is necessary in order to heal as fast as possible, even though it may seem far-fetched.
“Make an omelet with the broken eggs” is the final principal. We need to start over and fix our system. It is time we stopped try to protect failing industries and let the natural process continue. We need to figure out new policies and ways to fix the economy. The old way we did things is not working anymore. By fixing it now we can make a better system for future generations.
Last week was a good demonstration of how a culture can significantly influence its nation’s health outcome. The Japanese, by being Japanese, have enhanced their mortality rate making them the best nation in the world for health outcomes. (Bezruchka, 2011) Not all cultures are so egalitarian however and require more programs or impetus to effect change in their health status. As we look at Europe, two countries which stood out to me were Sweden, a relatively wealthy country, and Slovenia; much poorer and agrarian relative to other European nations.
A person’s health along with the health of a community are influenced heavily by the social determinants of health. These determinants create a strong foundation for a healthy and proper development of a community (Public Health Agency of Canada, 2013). Further, a proper foundation will allow the children within the community to develop properly, which will foster their potential for intellectual and physical intelligence. This paper will explore the effects of healthy childhood development, personal health practices and coping skills, health services and income and social statuses with in the Maple Leaf neighbourhood. Further, this paper will explore how the above social determinants of health directly affect the students of St. Fidelis school. Lastly, this paper will explain how the rise in cavities within these children is an issue as well as approached to overcome this issue.
...in the outline of all this, the plan will be well laid out, with some suggestions demonstrating to be successful promptly and some after a longer period of time. On the off chance that the plan will be worked upon sensibly it can and will help the weak economy of the United States of America and let it stand on its feet to get to be one of the most capable economies in the world. (Kaiser, p.20, 2010).
Establish cut-and-invest committee, it can cut low-priority spending, increase high-priority investment, and consolidate duplicative federal programs. Cut-and-Invest Committee would expected to cut 200 billion dollars in discretionary cuts, freezing up to 100 billion dollars in high-priority investments. Downside to this may be losing a lot of blue collars jobs in current economy. I think it’s a good idea it might lose jobs but it will a lot increase a lot federal job since and it manage what is necessary and what isn’t.
...ults of the recession. In order for this never to happen again, there is a need to learn from the mistakes in the past and to look for the warning signs. The problem is not just restricted to one country, but is a global problem and needs to be addressed as such.
Everything starts with money. It is important that the United States build a strong economy so that we my adequately fund all of the ...
The recent global financial crisis that affected not only America but also Europe and other parts of the world resulted in massive unemployment. This is due to the high costs of operation that many corporations faced forcing them to cut on labor costs. There is need for European government interventions to avert this social crisis and prevent the occurrence of such a crisis in future. Unemployment has hit the service sector harder than other sectors with the following being the most affected: automotive, construction, tourism, finance and real estate. The global financial crisis has also increased consumer prices thus pushing inflation. According to McCathie, “the increase in July consumer prices to 1.7 per cent pushed inflation in the currency bloc up towards the European Central Bank’s target of keeping inflation at below, but close to 2 per cent. Eurozone consumer prices had stood at 1.4 per cent in June” (McCathie, 2010).
This paper provides an overview of the crisis, outlines the major causes of the crisis, examine alternative solutions to the problem
The Slovak Republic, or Slovakia, is located in Eastern Europe with a population of 5.4 million people and borders the countries of Poland, Austria, the Ukraine, and the Czech Republic (The World Bank). As originally part of the former nation of Czechoslovakia, the Slovak Republic has only recently begun to write its own history (Abizadeh, p. 171).
Turkey’s economy has weathered some spectacular pratfalls in the past, with a major economic crisis in 2001 almost bringing the country to its knees. What’s different in 2004 from the previous "recoveries" is how committed Turkey is to establishing firm economic footing once and for all. The government is swallowing the International Monetary Fund’s painful economic medicine, making tough choices for fiscal discipline.
Government policy environment – a desire to reduce unemployment and make the economy attractive to inward investment as a source of employment and long-term growth
In December 2007, the United States of America experienced a very scarce yet appealing setback. In fact, because of this specific dilemma between 200,000 and 500,000 were left unemployed and without a stable home. The national Bureau of the Economic research defined this nationwide downfall as “The great recession”. According to the U.S Bureau of labor statistics the unemployment rate has not made a drastic improvement since the start of the great recession. Unemployment has become that is still rising today with a slow rate of change. Unemployment is usually expressed as a number or as a percentage of a larger number. Although it has been ambiguous who has to be included in the percentage, there are members of society without a job, for whom it is certain that should not be added. Officially the unemployed are the people who are registered with the government as willing to work and able to work at a going wage rate but can’t find suitable employment despite an active search for work. In the article “why long-time employment can’t get back on track”, the author begins speaking on a ...
Lower GDP for the economy also one of the consequences of unemployment in current time. High rate of this issue implies the economy is operating below full capacity and inefficient so that it will lead to lower output and incomes. Because people who are searching for their work usually will spend less in purchasing goods and
Money makes the world go round, this could be true from an economical point of view but from the environmental aspect money is being fed into the wrong areas and screeching the world to a halt. The world should be putting plans into action at this stage in the earths rescue. Instead scientists are still trying to ‘understand’ what is going on. This is just taking up more and more time, leaving the earth to rot as they do their ‘research.’