Assess the effects of economic instability on social, political and/or environmental factors as well as some of the solutions that have been employed to overcome them.
Today’s most urgent problem is the global financial crisis, which broke out in 2008, its impact and its negative consequences( Karimov, 2009). Economic instability as a definition is when the financial system of a country faces ups and downs on its economic objectives. That is, when it faces major fluctuations in output, when inflation is high, employment is low, or when there is unsustainable growth. It could also be described as when the economic objectives of a country are not at the level where they should be. Cyprus is a recent example of a country that experienced and still suffers from economic instability and the effects of economic instability can be explained giving examples from this case study.
Cyprus experienced a wealthy period (since its independence), through the years leading up to the financial crisis; it was fuelled by a booming construction industry and established itself as a regional financial centre (Theocharides, 2013). More particularly, the country had the lowest corporate tax (in Europe) and provided a tax service at a point where consumers were able to pay. Not only this, but it also had a stable banking system and high levels of education throughout the country. The banking system had high local deposit rates, a flood of foreign money and a large number of registered foreign
An example of the IMF’s ability to promote strong, stable economies is the case of Jordan. In the 1980s the declining oil prices and the related recessions in the Middle Eastern oil exporting countries was disadvantageous to Jordan. In 1989 Jordan had a 30-35 percent unemployment rate and was having a hard time due to their external debt. This led the authorities to request the country’s first arrangement with the IMF. Economic reforms were a part of the agreement between Jordan and the IMF. Jordan agreed to a series of five year reforms financed by the IMF, therefore the government took on huge reforms prioritizing foreign investment and easier trade policies. They were ultimately able to reduce the overall debt payment up to a manageable level. Jordan is currently regarded as a country by which the effectiveness of the IMF assistance is assessed.
War is a phenomenon of organized violent conflict, typified by extreme aggression, societal disruption and adaptation, and high mortality. Usually a war is a pre-planned activity to begin with by one group or one nation and the group initiates the war by means of violence against the other. The primary feature of this behaviour pattern is a certain state of organized conflict that is engaged in between two or more separate social entities. Such a conflict is always an attempt at altering either the psychological hierarchy or the material hierarchy of domination or equality between two or more groups. In all cases, at least one participant (group) in the
How do you expect the current worldwide economic downturn that was discussed in Chapter 2 of your textbook to impact those living in this era? Be sure to explain how this event is expected to influence the life course of the young old, the middle old, and the oldest old.
Statistics on prison matters are some of the known facts in the United States of America. For example, the current populations show that 1 out of every 100 citizens in America are incarcerated. Economic and social stability in law has been one of the major goals of the government in the United States of America. The population increases, there are also high chances in which the number of prisoners are likely to increase. The United States is increasingly developing strategies that would be used in ensuring the sustainability in prisons has been achieved. According to such explanations, the rehabilitative programs have been implemented as the best of alternative in restoring sustainability in prison. They represent all the efforts that are aimed at developing the prisoners in various ways in order to maximize success. Though many people view this action as an invalid strategy, I tend to agree that rehabilitative programs are the best alternatives in restoring sustainability in prisons.
God is said to work in mysterious ways, and I can’t help but wonder if the reason it’s been so hot these last days is so you will listen to my talk. Even people who don’t believe in global warming are wondering if we’re getting a stark lesson in why we need to mind Mother Nature.
“Since 2007 to mid 2009, global financial markets and systems have been in the grip of the worst financial crisis since the depression era of the late 1920s. Major Banks in the U.S., the U.K. and Europe have collapsed and been bailed out by state aid”. (Valdez and Molyneux, 2010) Identify the main macroeconomic and microeconomic causes that resulted in the above-mentioned crisis and make an assessment of the success or otherwise of the actions taken by the U.K government to resolve the problem.
In 2008 the world experienced one of the largest economic crisis, next to the great depression of the 1930’s. The meltdown revealed the instability of the US banking system and led to the bankruptcy of investment firm Leimen brothers, and collapse of worlds largest insurance company AIG, which triggered a global financial crisis. International share prices tumbled, causing 30 million people to become unemployed and doubling the US debt. It was the start of a global recession and it was not an accident.
Southeastern Europe was on the very edge of financial disarray, due to the war. This suggests the conspicuous conversation starter: Who will pay? Those economies which are most needing profitable ventures, are the ones slightest fit for thinking of the required money related assets locally or abroad. Along these lines, if the course of financial improvement here were left to the rationale of the free market, there would be no expectation of repairing or enhancing anything. Luckily, we know from the German "financial marvel" after World War II, that there is another approach to
Cyprus is an island country in the Eastern Mediterranean Sea, which is based on agricultural production and tourism. In the first half of 2003, under the influence of global economic crisis and the European Crisis, the crises of Cyprus struck and caused higher unemployment and lower economic increase. As a country in Eurozone, Cyprus attracted large amount of deposit funding from overseas with its increasing nation's credit
Conflict impacts people in many different ways. One way is changing people’s beliefs. For example, in the Martin Luther King Jr. speech he states that people of different color, such as the Negro should not be treated differently from people of white skin. He believes everyone should be equal and be able to live in peace and justice. This shows that his conflict impacted people because he shaped and strengthen a lot of their beliefs to match his.
As soon as there was man, there was war. The history of warfare can be traced all the way back to one of the earliest known civilizations, Mesopotamia. Since the development of organized city states warfare has been used to settle disputes including disagreements over land, resources, and religious beliefs.
Global insecurity is one of the global forces affecting the US economy and its causing a lot of controversy within the political environment. In recent years wars, threats and violations of human rights have increase the number of people migrating from their homes (Altemeyer-Bartscher, Holtemöller,…& 2016) Due to everything that is going on around the globe like terrorist attacks in Paris and London and the war in Syria among many others are making people travel to mainly the United States. The white house and current president is not very happy about migration from other countries and this is the cause for all of these bans that are causing a lot of arguments in the political environment. Economy wise currently apparently our economy is improving
Contemporary Society faces a number of economic, social and cultural issues. Select three from these issues that you think are the most challenging and write a 10 up to 15 pages assay to explain how these issues can be tackled and present the tools and processes that can be used to solve these issues.
The story Blue Winds Dancing by Thomas S. Whitecloud demonstrates the experience of a native man transitioning to his life into a white society. It exhibits the internal and external struggles in the native’s life that he encounters throughout his life. However, the native is an outcast and has a longing to go back to his native reserve. In comparison, Angel Levine by Bernard Malamud describes the life of a Jewish man, named Manischevitz, who lost everything: his children, his business, and his wife because of her fatal illness. He reaches out to God, but there is no response which also leads him to lose
Imagine that you are considering moving to a new country and looking for a job there, but you first want to make sure the country has a strong economy. Describe at least three economic factors that you would want to research as evidence of the economy's strength or weakness, and explain how each factor would affect your decision to move there. (4-6 sentences. 3.0 points)