nature and causes of the global economic crisis What is global economic crisis? – The nature thereof. Global economic crisis refers to an economic situation in which most of the countries of the world go through a period of economic breakdown called contraction or recession or slump‚ which manifest itself in the decline in aggregate output‚ usually for two consecutive quarters. During this contraction period‚ the structure of the economies change‚ resulting in economic hardships such as‚ rising
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The economic situation of women in the United States and the economic situation of women in Germany The progress of female empowerment and equalization especially in the Western society‚ from being a housewife with no voting rights to conquering the labor market with equal rights‚ has been huge. However‚ women still earn less than men do and due to the glass ceiling effect women are often unable to make it to the top positions in a company. To get a deeper look into the current situation of
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that can be discussed here by the theories of demand because its market behaviour. a) The determinants of demand for sporting events The first economic theory that is the most useful in
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Impact of global economic crisis on Bangladesh Barrister Harun ur Rashid The financial crisis that started in the US in March of this year has now turned into a full-fledged economic crisis that has pushed the European Union‚ Japan‚ Hong Kong and others into recession There is a saying that when America sneezes‚ countries around the world get flu. This has been evident from the fact that the American financial crisis has left everyone in a state of shock. October 10 was the day when stocks
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not only to the individuals and families directly affected‚ but also to local and regional economies and the economy as a whole. We can make a distinction between the economic costs arising from people out of work and the social costs that often result. Lost output of goods and services Unemployment causes a waste of scarce economic resources and reduces the long run growth potential of the economy. An economy with high unemployment is producing within its production possibility frontier. The hours
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IMPACT OF RECESSION ON INDIA Indian companies have major outsourcing deals from the US. India’s exports to the US have also grown substantially over the years. More people have sold the shares in the indian share market than they bought in the recent weeks. This has added to the fall of sensex to lower points. One danger meanwhile is of a dip in the employment market. There is already anecdotal evidence of this in the IT and financial sectors‚ and reports of quiet downsizing in many other fields
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The Danube Delta tourism Strategies for coping with the economic recession Specialization Project by Andrei Beno 4sokf
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Global Business Analysis (Serendib and US) a) Population of Serendib has 24 million with area of 65‚610 sq km‚ thus population density of Serendib is 365 populations per sq km. United States(U.S.) population density is 34 people per sq km‚ Serendib has a higher population density as compared to US. Serendib with higher density has more workers to grow the economy‚ generate personal wealth and more residents to pay taxes for country to develop. Furthermore‚ Ratio of urban and rural population among
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Comments on The Present Global Financial Crisis and Sri Lankan Economy by Mr Ajith Nivard Cabraal‚ Governor of the Central Bank of Sri Lanka 10 October 2008 1. The Global Economy is in Turmoil. The ongoing financial crisis originated as a result of the subprime mortgage crisis (SMC)‚ erupted in mid 2007. The SMC erupted due to the bursting of the US Housing Bubble and high default rates on “Sub Prime Mortgages”‚ beginning 2006. The major cause for this financial crisis was the reckless providing
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indicator of the standards of living of a country. It can be measured in two ways: The total expenditure on goods and services or by the total of income earned by producing goods and services. The actual GDP of the United States is 14 62 trillions of US dollars‚ that is a growth of 2.7% from last year. But to have a better idea of the standard of living of a country‚ it is more relevant to take a look at the GDP per Habitat‚ which is 47‚ 400$. The GDP growth is 3.1% now so it’s higher than the inflation
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