Introduction Employment has direct implications on lives of everyone of us and ironically, unemployment has been a part of every country for a while now. It is such a critical issue that it has such implications which reach beyond money matters. With the increased development in technology, the rate of unemployment is rapidly increasing. It is because most of the industrial process, which used to be labor intensive before, are

Challenges of implementing and developing policies Societal challenges are a common occurrence in every society. These challenges may stem from sectors such as political, economic, transportation, health among others. It is, for this reason, that the policy maker, an essential organ of the government, steps in policy formulation. Fundamentally, public policy is government action or proposed action directed at achieving specific desired goals or objectives.

Part 1: Economists viewed the economic disaster of 2007 as the worst economic disaster since 1929 when the “Great Depression” occurred. Even though the Federal Reserve and US Treasury Department put forth stringent efforts to avoid the U.S. banking system from collapsing but it seemed to be inevitable (Amadeo, 2016).

The national bank of Poland has intervened largely to help and aid Zloty. Within the quarters of 2011 and 2012, zloty’s exchange rate has changed enormously, with respects to Euro. Starting from the year 2007, zloty to dollar and euro rate was upto 1.47. It was more reduced to 1.39 in 2008, and slowly and gradually came to 1.26 in the year 2013. Between 2011 and 2012, NBP has helped

The public policy making mostly faces challenges in choosing right and best model. Policy makers develops disputes on various models through their ideas and theories. Mostly the model of rational decision making and incremental are disputed amongst the policy makers and economists. These both models have their own short comings and flaws. One is better than other in one aspect and other is better in some other perspective. These both

Ethics can be defined as “moral principles that govern a person’s behavior or the conducting of an activity.”  The concept is also defined by some scholars as “rules of behavior based on ideas about what is morally good and bad” In my opinion, being ethical for an individual means to be fully acknowledged by its withholder to be judged and evaluated. I believe ethical nature for each person is shaped

Taiwan which is formerly known as the Republic of China is one of the States in China. Taiwan is a country that has a relatively high population, and one of the largest economies despite the fact that it is not a member of the United Nations. One of the significant changes which Taiwan faced, was changing its political system from the State led economy and authoritarian political regime to a

Most of the economic specialists agree on “there is gain from trade”. In 1817, David Ricardo posited that the countries that are specialized in producing and manufacturing goods with a competitive edge, then there is a gain from trade for them.

Do the ethical and moral principles make sense in the modern economic system? Does economic system today allow for the ethical considerations? These are the questions that are somehow implicitly answered with a no, in the modern socio-political scenario. Adam Smith is given the mantle for inspiring such an economic system that is void of moral considerations. Amartya Sen describes that the ideas of Adam Smith are interpreted in a

In the days since the Presidential elections of the United States, much has changed. The new President; Donald Trump, is a businessman by profession and has moved along, making new laws and bringing economic reforms, as a businessman. A nation’s economic well-being is measured by its GDP. The GDP is a monetary measure of the goods and services that are produced by the country(Amadeo, n.d.).

Chapter 1 Introduction Crash in a stock market is the sudden change in the stocks which usually is a decline of stocks and this leads to loss of the wealth of the state. These crashes are often seen around the globe and are the result of many socio-economic factors which lead to this type of situation. Generally speaking, it’s a phenomenon in which the socio-economic factors contribute to lead the

Introduction Standard of living is the level of material goods, wealth, necessities and comfort available to a particular socioeconomic group, mostly a nation. It includes factors like poverty rate, income, employment availability and quality, Gross Domestic Product, political and economic stability, national economic growth, house affordability and quality, the expectancy of life, quality of education and whether available (International Labour Organization. “Global Employment Trends for Youth 2013.”). Living standards are

No Country can grow and increase productivity by itself. Certain raw material and expertise are requested to make a win-win situation for all the parties in an international transaction between two different countries. When countries deal, they need a currency exchange rate to decide the worth of their merchandise in the foreign currency and pay the required amount to the other party in the transaction. The Global corporate World is

Conscious Capitalism is a program that considers that trade is moral since it generates worth. In the custom of Adam Smith, the chief who is the social economist, it considers that the trade is moral as it progresses our skill. And, it is epic as it generates the fortune that highs individuals out from the poverty (“Home,” n.d.).

Economic growth is definite as a growth in the volume of an economy to manufacture products and facilities in a definite era of time often termed as the fiscal year. In economic terms, economic growth or development is referred to a long span increase in the industrious prospective of the economy of the country to fulfill the needs of everyone in the community. Continuous economic development of a nation has