Effects Of Unemployment In The 1990s

The largest cause of unemployment can be attributed to recession. The term recession refers to the backward movement of the economy for a long period. People spend only when they have to. (Nagle 2009). With people spending less there would be less money in circulation therefore, enterprises would suffer financially and people would suffer too. This is so because recession reduces the fiscal bases of enterprises, forcing these enterprises to reduce their workforce through layoffs. These enterprises lay off their workers in order to cut the costs they incur in terms of wage and salary payments.

Again, both society’s beliefs are common also to Italy and not only US. When being interviewed at TV regarding issues of public administration, most of the time Italian politicians root the causes of the problems to bureaucracy and as a consequence they highly promote privatization. A last recent example is the referendum in Lombardy, which is asking for more independence in the financial sector and health sector, in order to prevent government intervention which, especially in Italy is a sign of disruption and corruption. The benefits of privatization could be high, as also Sandy Spring showed in the US. However, as also Douglas Amy states, in the end the difference among state bureaucracy and privatization is minimal and negligible.

Although there has been some success on the Adriatic Coast the policy has failed. Plants such as Alfa Romeo did set-up but these were only branch plants, which never developed links to the local economy & created relatively few jobs. Measures have not been at all effective in reducing regional inequality. A lot of money has been spent but has had little effect in establishing an industrial base. The area is over-dependent & incapable of self-generating growth. Emphasis has instead shifted to the selective encouragement of small & medium sized firms. Over time a new Part of Italy has emerged and is called The Third Italy and has become prosperous & successful as it has created industrial districts with lots of small firms. High levels of education & communication, low land prices and good local enterprise, have also helped the area.

People who were once house workers in the countryside left to try get jobs in factories. Million migrant even crossed seas to try to get factory jobs. Industrial production led to a sever decrease in price of goods (Traditions & Encounters). Also, there were many comforts and conveniences that didn’t exist a few centuries ago (Rancilo, Document 3). As industrialization was getting bigger,

Industrialization There was a first economic change in the industries after a

Due to the decrease in factory productions there was a cut in wages, as well a cull of

Since World War II, Italian society has profoundly changed, with a significant impact on daily life. One of the main elements of change is the more visible role women play in society outside the home, such as increased participation in higher education and various professions. One aspect of this changed role is that Italy records one of the lowest average numbers of children per woman in the world, as well as some of the lowest birth and fertility rates. (Brittanica Online Encyclopedia)

However, life has changed, globalization and feminism have had a huge impact on the work environment all around the world. Technology has also made many jobs easier, yet very, very similar. Because of these changes, unemployment has become an issue all around the globe. The government views the unemployment situation as an individual problem.  From the government’s perspective, unemployment is due to the lack of training of the individual.  However, because

unemployment sky-rocketed. With people willing to work for less money—than companies were currently paying, wages lessened too. Farmers and workers did not

Ever since Communism ended after the election in 1992, Albania has been struggling to recover its economic status. Unlike the past years, where all the jobs were provided for citizens by the government, now people have to look for their own jobs. Teaching people to be independent from the government and to find out what they are going to do for the rest of their life was a struggle which still continues today. As reported in the Trading Economics, the

Italy entered World War I as an economically weak nation. These problems became worse following

Italy, positioned in southeastern Europe, is a beautiful country that is faced with high unemployment, corruption and massive debt. Although it appears to be one of the most developed countries in Europe, Italy is somewhat of a laggard in globalization. Ranking twenty-third in world population, Italy stands at 56,126,212 people as of July 2009. The north and south seem to be split in economic terms with the north being well developed industrially and the south facing high unemployment and poverty. Italy is a democratic republic that replaced a monarchy back in 1946. Although it ranks seventh in world GDP and public debt and attracts millions of tourists every year, its current debt to GDP ratio continues to skyrocket. World economists

Now Italy has many problems in economic sector. The first is that it has very high debt level. Because of it Italy now is in crisis situation. Also Italian living standards have a considerable north-south divide. Italy suffers from structural weaknesses due to its geographical conformation and the lack of raw materials and energy resources. The country has an inefficient state bureaucracy, low property rights protection and high levels of corruption, heavy taxation and public spending that accounts for about half of

Money is essential to any individual looking to have a decent lifestyle; labor is the avenue through which this is acquired. The economy goes through various fluctuations in activity causing unemployment to fall, rise, or level out. What this creates is the first type of unemployment, known as cyclical; frictional is the second type, caused by a temporary leave (for whatever reason) by the employee, and structural is the third type, varying with the economic changes in demand. The absence of unemployment at its maximum level is termed full employment, another version of unemployment. The term encompassing the sum of the frictional, structural, and, yet another type of unemployment, surplus unemployment is that of the natural rate of

In the towns, conditions were not much better. Most people were either labourers or artisans. The Industrial revolution had yet to reach Italy, and the country was far behind others in Europe. As with almost everything else, the North was more advanced than the South in terms of industries. Furthermore, the social structure was inevitably very traditional and conservative. It was patriarchal in nature, with women playing a secondary role in everyday life, even though by 1876 60% of them were involved in the labour market.