Downturn College Essays Samples For Students

Executive Summary

The current economic downturn has occasioned new threats and opportunities that pose new challenges to American Operators Inc. The challenges American Operators Inc. currently faces are common across the manufacturing industry. However, others are unique to American Operators Inc. These challenges include; depressed demand, how to maximize the cost-benefit relationship using the existing system, how to insulate the company from future shocks, how to internationalize their market and how to tap into the anticipated future growth. To ensure American Operators Inc. meets these challenges, the Human Resource (HR) department has developed a 5-year Strategic Human Resource Plan that is in ...

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Introduction

High rates of unemployment are referred to one of the biggest economic concerns in the United States. The number of unemployed people increases substantially in the periods of economic downturn. As Stater and Wenger (2013) ascertain, “the national unemployment rates averaged 9.5 and 9.0 percent in 2010 and 2011” (p. 2). The unemployment rate serves as an indicator of “a community’s socioeconomic deprivation as well as its social disintegration or disorganization” (Singh & Siahpush, 2016, p. 9). This indicator is strongly associated with income inequality as well as levels of poverty across ...

Impacts of Economic Downturn on Children’s Well-being

Impacts of Economic Downturn on Children’s Well-being

Abstract

The study of the relationship between the economic disparities and its influence on children has become an important area of study. Research shows that economic downturns such as the Great Depression have significant psychological and physical impacts on the well-being of children of age 9 years and below. Some of the documented psychological impacts of such economic downturns on children include: Engaging in aggressive behaviour, consumption of alcoholic products, vandalism, anxiety or depression as well as poor academic performance. Furthermore, individual family financial challenges have also been associated with certain negative ...

1.0. Introduction
China is regarded as one of the strongest economies around the globe. Especially, within past three decades, it has gained massive impression through its rapid economic growth. It is not very long ago when China’s GDP crossed the figure of 14% and overtook several of well reputed economies of the world (The World Bank, 2015). Basing on this tremendous performance, majority of economists and analysts did not haste to forecast it to be the world’s strongest economy by the end of 2025 an indication of which is also given in the diagram given in the ...

Business Cycles

Economic or business cycles are fluctuations in economic activity (economic conditions), consist of repeated compression (economic recession, recession, depression), and expansion of the economy (economic recovery). Cycles are periodic, but usually irregular. Usually (in the framework of the neoclassical synthesis) are interpreted as fluctuations around the long-term trend of economic development.
Cyclicity in the development of a market economy is explained, first of all, by the influence of internal factors inherent in the system itself. The mechanism of the "invisible hand" of the market on the basis of economic laws (laws of supply and demand, competition, capital accumulation) is ...

This was an economic downturn began in 1929 and continued until about 1939. The depression was the most severe ever experienced by the developed Western world. Though the Depression started in the United States, it gave rise to drastic declines in output, acute deflation and severe unemployment in almost every country of the world.

Introduction

In the U.S, the Great Depression started in 1929. The downturn became evidently worse in late 1929 until early 1933. Actual prices and output fell precipitously. Between the trough as well as the peak of the downturn, real GDP in the United States fell 30 ...

Question 3

“Why was the economic depression of the 1930s so severe? Outline its causes and discuss its effects, both economic and political, with reference to two national economies. Consider also the question: would the ‘Great Depression’ be possible today?”
A depression is an economic state that results from a lengthy period of adverse economic activity as measured by the GDP. Therefore, it is a prolonged and severe downturn in the economic activity. Increases in unemployment, diminishing output, reduced commerce and trade, a drop in the available credit, bankruptcies as well as sovereign debt defaults, and sustained volatility in the currency values are ...

Abstract

Two options are discussed in the paper in relation to mitigation strategy of economic downturn. One strategy was the cutting of jobs i.e. mass layoffs and other option was to cut salaries. It is observed that in the U.S. (individualist culture), the norm is to adopt mass layoffs strategy and in Japan the strategy of pay cuts is used. However, in the U.S. some big companies used the strategy of pay cuts. Mass layoffs help the companies to increase productivity and morale with high profits by not cutting the salaries and terminating the employees. On the other hand, pays ...

BUSINESS ECONOMICS: THE UK ECONOMY

- Introduction3
- Reasons for Economic Downturn in 2008/094
a). Financial Crisis4
b). Business Cycle4
c). Government Policy before Crisis5
- Analysis of the Effects of the Downturn6
a). Microeconomic Effects6
1). Effects of Households6
2). Effects on Businesses6
b). Macroeconomic Effects7
1). Effect on Unemployment7
2). Effect on GDP and Inflation7
3). Effect on Share Prices and Company Profits8
- Government Policies Aimed at Recovery8
a). Fiscal Policy8
b). Monetary Policy9
c). Austerity9
- Actions/Steps Taken by the Government9
- Expectations of the Government Actions10
...

Introduction:

An economy is said to be diversified economy when it is dealing with multilple goods and services from multiple sectors operating in the economy. For instance, an economy operating with sectors like Agriculture, Mining, Manufacturing. Trade etc rather than relying on a particular sector for its growth and survival is a diversified economy. Not only this, a diversified economy does not deal with local markets as in order to ensure full diversification it engage itself in exports, investments, create labor pool, uses latest technology etc.For instance, though Canada is highly productive in its mining activities, however in order to avail the benefits ...

Credit Risk Management

Commercial Loan Market
Commercial loans are debt arrangements agreed upon by the lender (business) and borrower (financial institution) to cover operational costs or fund business projects. During economic downturn, financial institutions are cautious of their lending and consequently import strict regulations that force borrowers to pay a higher interest rate. The agreement between the lender and borrower in the market is documented in a “credit agreement.” In credit risk management, the most important components of the agreement describe the covenants, the security requirements, priority of payments and events of default.

Segmentation of Commercial Loan Market

Financial institutions use credit rating to qualify borrowers based ...

The main goal of the state at all stages of its development is the stabilization of the economy. At the present time, the state actively uses the tools of intervention in the economy. The main 2 types of state intervention in the market economy include fiscal and monetary policies. Fiscal policy has been a key policy tool in addressing the aggregate demand consequences of the financial crisis in the United States. (Follette & Lutz, 2010)

Objectives of fiscal policy as any stabilization (countercyclical) policies aimed at smoothing cyclical fluctuations in the economy are to ensure:

Stable economic growth;
Full employment (primarily a solution to the problem of cyclical unemployment);
Stable price level (problem of inflation). (Strauch & Hagen, 2000)
Fiscal policy ...

1) Which were the primary causes of the Great Depression?
According to Walton and Rockoff, an acceptable explanation for the Great Depression has to distinguish between the initial forces, which brought a downturn in financial activity, and later events, that turned a downturn into a calamity. We can detect two issues on the economy that foreshadowed the real slump in economic activity. First, there was a decline in the construction industry that began 1925, that had a significant impact on the depression. Second, the agricultural sector suffered greatly, with falling world prices and massive indebtedness (422).
Walton and Rockoff ...

The Australian Worker’s Union is the oldest and largest trade union of the country. The Australian Trade Union was founded in the year 1886 due the revolution of the Australian Mining Industry. It is estimated that the Union has around 100,000 members all across the country. The trade union works as a mediator between the employees and employers to solve all problems related to employment. Another function of the Australian Worker’s Union is to maintain a healthy relationship between the employers and staffs. The Australian Trade Union grew with the popularity that becomes a regulating body, ...

International Financial Markets: Impact of the global financial recession on our lives

Introduction
The financial crisis of 2008 through affecting economies sent important impact on the lives of the public. In result of the crisis, many people had to face layoff and higher living costs. The purchasing power of people decreased. However, the inflation increased, people had to make more efforts and spend more times to keep their household going (Hossain et al. 24). Greater uncertainty contributed to the level of stress and per person workload increased in offices and responsibilities at home increased as well because the downturn resulted in new patterns that contributed to job losses and increased prices ( ...

Abstract

Executive Compensation is too high in almost all cases. This level of compensation affects all the levels of the company as there is a great disparity in the level of CEO compensation and the other employees of the company. In some cases employees have been let go because the CEO is the first to receive the large salary.
Executive compensation is determined in some cases by the competition. Consultants are used to extrapolate the compensation at various companies and relate it to the other CEO's as an effort to level the playing field. However many times a consultant uses ...

Write a summary and critique, based on readings.

Summary
The global trade witnessed a big downturn due to worldwide lack of demand for investment products and merchandise. A major decline in demand took place between different quarters of 2008 and 2009. It was massive if a comparison made with three other downturns since World War II. Monthly data of the OECD from 1965 to 2009 shows November 2008 as worst hit period since a major downturn demand took place (Baldwin).
Real trade data of all member states of world trade organization shows that exports and imports got a substantial hit between 2008 and 2009 though not as ...

In deliberating about economic issues, economist agrees on particular goals, which include economic growth, decrease in the unemployment rate and low inflation. In order to attain these goals, the federal reserve can take action via fiscal or monetary policies. Fiscal policy concerns taxes and spending while monetary policy involves the supply of money and the level of interest rates. Therefore, when either of these policies is not implemented properly, it can result in an economic downturn as reflected on the last year of the Bush Administration.
The last year of the Bush Administration experienced an economic downturn because ...

Economics

Introduction
The economic outlook of the world in 2011 and 2012 was bleak. The International Monetary Fund prophesied an uncertain economic recovery in April 2011. The reasons for uncertainty in 2011 were two fold: slower recovery in the advanced economies of the world and an increase in fiscal and financial insecurity (IMF, 2011). The situation improved through 2012, but risks remained. The Euro went through a period of acute crisis in the later part of 2011. Market worries about fiscal sustainability in Italy and Spain led to a sharp increase in sovereign yields, resulting in decreased confidence and slowing down ...

Executive summary

The recent global financial could be attributed to a number of factors. These factors include the general cyclical economic development; overheating of the credit market and who appeared his consequence of the mortgage crisis; high commodity prices (including oil); overheating of the stock market. The US mortgage crisis was the predecessor in occurred in two waves, first in 2007 and then in 2008. The 2008 crisis were not unique from the previous crises though it had many unique characteristics. Although the crisis started in the United States, it engulfed almost all countries of the world, and hardly any of them ...

The Progressive Era and the New Deal would lead to a changed, expanded role of Government in the United States. During the Progressive Era, support for worker’s rights movements and unions would lead to limiting child labor and the number of hours a worker was allowed to have to work, for example. Upton Sinclair’s landmark work “The Jungle” would lead to stricter food regulations. In the wake of disasters such as the Triangle Shirtwaist Company fire, stronger fire regulations were introduced. The gradual progress of the Progressive era eventually gave way to the need for wide-sweeping and swift changes ...

Task

Management has been described as a process that involves the responsibility for an economical and effective planning and regulation of all the activities of an enterprise with a goal of fulfilling a given purpose. Its also defines as a dynamic process that consists of a number of elements and activities that are different from the operative functions such as finance, marketing etc. Different scholars have come up with different functions of management but our discussion will majorly rely on the work of Koontz and O’ Donnel who described the functions of management as Planning, Organizing, Staffing, Directing and Controlling (8).
Planning is defined ...

Two distinct set of financial reports are used in managing a company, one made by Financial Accountants and the other by Managerial Accountants. These reports are aimed at the company’s external stakeholders such as investors and creditors and are prepared for each quarter and at the end of the financial year and. The format and content of these reports are laid down in laws such as the SOX (Sarbanes- Oxley) Act and in accounting regulations such as the GAAP (Generally Accepted Accounting Principles) and the IFRS (International Financial Reporting Standards). Financial reports become comparable across companies.
Managerial accounting ...

General Motors is one of the world’s major automobile manufacturing companies with well-accepted brands such as Chevrolet, Buick, Opel, GMC, Holden, GM Daewoo, Wuling, Vauxhall and Cadillac. The company’s largest markets are the United States, Brazil, the UK, China, Canada, Germany, and Russia. In 2009, the Japanese automobile manufacturer Toyota exceeded the number of vehicle sales for GM to become the leading auto manufacturer in the world. This success can be credited to a number of factors among them the Kaizen concept which is essentially a company culture observed at Toyota (Helper & Henderson 2014). This trend is ...

Introduction

Starbucks Corporation is a company founded in Seattle, Washington in 1971 and is a premier retailer, roaster and marketer of specialty coffees around the world. (Annual Report 2015) In 2015, Starbucks reported a staff of approximately 180,000 employees over 19,760 company licensed and operated retail stores in over 60 countries worldwide. Roasted and handcrafted high-quality and premium coffees, tea and fresh food items as well as other beverages make up their product mix.(Annual Report 2015) Starbucks also sells coffee products and tea, as well as licenses its trademarks through multiple other channels like grocery, licensed stores ...

The prominence of the US as a world’s superpower has been shaped by a series of historical events. Most of these historical events greatly influenced various policies that informed how the country engages with the international community and how to handle national issues that confronted the American citizens. Some of the events that shape the US foreign and local policies include;

The great Depression (1929-1939)

The Great Depression was the world’s longest economic downturn in the world.Zinn reiterates that the Great Depression started in the United States in October 1929 when the stock market crashed. The condition sent panic among investors ...

Commentary A: The Effects of a Slowing Chinese Economy on the World

Last year, the Chinese economy reported a 6.9% growth rate for the economy overall (The Economist Staff 2016). For all intents and purposes, a 6.9% annual growth rate is immensely healthy; a country like the United States generally experiences a significantly lower growth rate for a number of reasons. However, the United States is considered a developed nation, while China is still in the developing stages of growth (Qi 2016). However, despite these respectable numbers, some economists are quite alarmed at the current situation in China—and some have even begun to draw attention to the slowing Chinese economy ...

1. The article "Oil Supply-Demand Imbalance Will Dissipate Painfully Slowly" was produced by Gaurav Sharma and published in the Forbes Magazine in August, 2015. The article seeks to explain the current supply-demand disequilibrium in the oil market analyze the causes of such significant imbalances.
The first key point discussed in this article is the tremendous oil price downturn which took place in the past year. The author suggests that despite the general and global turmoil in the commodities sphere and considerable price fluctuation in the majority of other markets, particularly in the industrial metals and precious metals markets, disequilibrium ...

The paper will focus on economic approach of examination of two different jurisdictions over the oil reserves in two different countries. The comparison between Alberta and Norway in the oil reserves will be made. First the approach of each country will be presented and basic statistics. What effect did policies had on the recent downturn in oil prices and which policy and strategy can better work on the long turn will be answered.
The difference between the countries is in the ownership. Norway natural resources are in the majority the property of the government and in Canada the ownership ...

John Maynard Keynes is considered one of the greatest economists of the 20th century. He wrote the General Theory of Employment Interest and Money. Sheehan considers it the most important contribution to economists in recent history. He proposed policy prescriptions for saving the capitalist system from both the scourge of communism and saved it from itself. His contribution aided in driving policy after the Great Depression and the economic downturn of the 1930s. He furthered the idea that the free-market had no solutions to the sustained economic downturn. The old ways of reducing interest rates and old policy prescriptions ...

The adventure of Countrywide Financial Corporation in the American mortgage market implies a sinuous evolution, marked by the legal and illegal exploitation of the U.S. loaning legislations, which affected both the beneficiaries of the loans and the American overall economy. The organization has taken advantage of various market situations to boost its presence in the mortgage and subprime mortgage markets, being nevertheless itself the victim of the real estate market collapse that it caused historical losses, putting CFC in the position of being sold to Bank of America for avoiding bankruptcy (Eastburn, 2011).
Achieving rapid growth in United States ...

Brazil is the largest country both in the Latin and South America regions. It is also the fifth biggest country both by population and geographical area in the same region. In addition, it is the seventh largest economy in the world but, it is still classified as a developing nation. The country is one of the BRIC group. BRIC is an abbreviation for Brazil, Russia, India and China. These are emerging economies that have demonstrated superior economic development. They are also the fastest growing economies in the world.
Brazil’s national development bank is a major player in the country’ ...

Introduction

Liberalism is a political doctrine based on the ideas of liberty and equality for every individual. Liberalism espouses the idea that the government is in place to protect the citizens. The fundamentals of liberalism include free elections; freedom of worship; freedom of the press, and freedom of speech. Liberalists also believe in equality for all races, and the right to due process. In modern times, liberal politics has evolved to include environmental justice, civil rights and the right to adequate standards of living. The government has the responsibility of providing equal education, adequate social infrastructure and healthcare in order to ...

Introduction

Considered to be the worst financial crisis after the Great Depression of the 1930s, the financial crisis of 2007-2008 hit hard the global economy, threatening the total collapse of the big financial institutions, which, although was prevented by the bailout actions of the national governments, kept the global stock markets at its all-time low. The crisis played a crucial role in the failure of many businesses, decrease in the consumer wealth and a slow economic activity, creating the European sovereign-debt crisis. The impact of the global recession hit the common people by giving rise to unemployment problems, loss of jobs, decreased ...

Introduction

Economy experiences macroeconomic fluctuations over time that affects economic growth. The aggregate output, consumption, investment, net export, and employment may tend to grow over time but then drop suddenly. Economists continue to discern the current condition of the economy and where it is heading so that they can effectively deal with future economic events. Macroeconomic fluctuations mainly involve changes that occur in the demand-side of the economy, which determine the gross domestic product.
GDP= C+I+G+NX
Gross domestic product is never constant, but change due to many reasons like changes in government policies mainly in ...

Introduction

Inevitably, the topic of economics is the most astounding and effective one for the economies, as the main crux of an economy and economic factors are always be effective for their future growth and effectiveness. Economics is a core subject that associated with almost every walk of life, and it can be used for different purpose all over the world. Economics is a subject that specifically associated with the earning and consuming the money accordingly and effectively at the same time. The two broad types of economics, on which the entire broad definition and outlook would be depending, are effective for ...

The East Asian nations started marching steadily along the growth path from the mid 20th century. From the 60s the growth and development scenario in this region was impressive. Most of the indicators of development showed a positive change at a rapid pace. Income grew at a steady pace with high rate of savings and investment. Governments’ thrust on education and industrialization gave impetus to the growth of the economies. Poverty was reduced considerably and the general standard of living improved to a large extent in a span of thirty years. The growth trajectory was so impressive that it is often termed as the ‘East ...

Banner Health Case Study

Banner Health is a non-profit health care system in the United States of America recognized for offering indisputable patient care in the seven states of Nevada, Arizona, California, Nebraska, Colorado, Alaska and Wyoming. Banner is consistently making efforts to expand its clinics and health centers and, initiate innovation in their leadership and patient experience to provide convenient access to quality healthcare. Becoming a market leader requires fast recognition and use of policies to leverage the operating model and improve the science of delivering amazing patient experience. . The innovations focused on providing the best patient experience has made Banner Health the leading ...

Product Life Cycle

John’s company is at the declining stage of the product life cycle. The firm has encountered an approximately 20% decline in the business operations, with a sequential decline in the market share. The product shrinks during the declining stage, as customers opt for substitutes. The shrinkage may be caused by market saturation, which reduces a company’s market share. Companies can overcome the declining stage by opting for cheaper production methods, and changing the market segments.

Reasons for Downturn

One of the possible reasons for John’s Company to fail is the failure to incorporate modern marketing techniques. It is essential to note ...

The economic meltdown in the US was, as a result, of the housing bubble burst that brought about a massive economic recession in the US. The film, Inside the Melt Down, depicts a series of large American corporations going bankrupt and their shares dropping down drastically due to the economic recession. For example, Bear Stearns is a one of the multinational investment company that took an economic downturn in that its shares dropped from $171 to only $57 in a single day. Given that the media aired out their concerns regarding the economic drift of the corporation, most investors withdrew from Bear Stearns. Despite ...

Topics discussed in the article

- Economic growth
- Trade
- Monetary policy

Introduction

Mixed economies are the susceptible victims of global economic instability especially due interaction of currencies through trade. Any country that participates in external trade of goods and services is prone to the adverse effects of currency fluctuations or global recession. During the semester, we have been studying about the interactions of global economies and how they influence the performance of macroeconomic indicators. More specifically, we have been analyzing the global impact of exports and imports trade on the inflation rate and the countries’ economic growth.
The major topic ...

The great depression refers to a period of economic crisis in United States together with other countries around the globe. It can be said to be the deepest, as well as the long-lasting economic downturn in western industrialized world. It started from the stock market crash in 1929 to 1939 as it wiped out millions of investor money, thus driving the Wall Street into a panic. Over those years, investment and consumer spending dropped significantly, thus raising the levels of unemployment as well as causing a steep reduction in industrial output as companies that failed were laying off their workers. By the ...

The 2008-2009 years saw the world go through the largest and, sharpest drop in its economic activity. The after-math of the chaos has seen several of the major developed and, developing world economies fail to adapt to the shifted financial landscape.
The 2008-09 crises is defined as the collapse of the Enron, the WorldCom, the sub-prime mortgage market, and the flop of other financial markets which in totality resulted in a steady increase in risk premia around the globe. In determining the factors that led to the word’s modern age economic downturn, it is paramount to appreciate that ...

Female labor force participation

In economics, the production function is essentially a function of the labor, capital and technology. An increase in GDP of the economy requires an increment in the production of goods and services. However, Production is dependent on the labor. So, economic growth of the country is significantly dependent on labor supply and the productivity of the labor force. The labor market of Middle East and North Africa is rigid that is discouraging the increase in the employment opportunities even during the expansionary period (Karshenas, and Moghadam). Considering the fact that in Morocco, Egypt, Tunisia, Yemen and Palestine, the employment rate ...

Before the global financial crisis that rocked the entire globe, Japan had put in place a very robust financial system that according to economic experts was to insulate Japan from the pangs of global financial collapse. However, despite this, Japan was hardly hit by the global financial crisis significantly shrinking its economy (Zheng, 46). In the year 2007 before the peak of the economic recession lead economists pointed out that Japan was immune, the impacts of the US subprime loan problem, owing to the fact that Japan had limited exposure to “toxic” assets. In fact, the Japanese banking sector was ...

- MICHAEL PARENTI’S VIEWS REGARDING MEDIA IN USA
Michael Parenti is an American political scientist, historian and cultural critic, who write on scholarly and popular subjects. With respect to US media, Parenti claims that though media maybe spoilt and made difficult by deadlines, space and human error, much of the misleading coverage is the result of ideological productions. He says that researchers practice a lot to avoid the most important details of a story or news, so that no offense is intended on people who have political and economic powers. Their goal is to avoid fishing deep into the ...

Introduction

Performance of a given economy is determined on the larger part by the law of demand of supply. This simplistic economic law stipulates that demand and supply would interact naturally to bring the economy into equilibrium. The equilibrium point is the point when the level of demand equals the level of supply and vice versa. When demand is more than supply, it means that there is surplus in demand relative to supply, this means that the economy is unable to supply sufficiently to its households. Similarly, when there is excessive supply, the implication is that what is produced cannot all ...

1. There are a few important differences between single-member districts and proportional representation in voting districts. Both are systems that are used for voting, and both have the goal of allowing the population of a voting district to choose an elected official or officials to represent the district.
In a single-member district, the voting system is designed in such a way that it allows the represented population to return only one individual as a representative to a legislative body. For example, a district may vote for an individual to send to the state legislature; this is an example of this type of voting system. It ...

Addressing National Debt within the State of the Union

I am a full time student at the University of Miami pursuing a bachelor’s of Science degree majoring in Economics. During the annual State of the Union speech, the president shares the economic evaluation of this country, and he presents the plan that the administration wants to implement in order to reverse the economic downturn. I admit not to have been a keen follower of previous State of the Union speeches: The only existing memories bring me back to the dinner table with my family, a feast before our midst with President George Bush, Jr. on the television. I don’t remember ...

Thesis: Although many economists reported the end of the recession in June of 2009, this paper argues that the increasingly inflated prices for goods and services, the deflating employment wages, the larger lower class and the diminishing middle class are evidence that the recession has not ended.
I. Economic recession, a period of time when the country’s economy is doing poorly, is important to everyone because there are so many negative impacts. Many people in the middle class have already experienced great losses and entered into poverty. Working people cannot buy as much with their paychecks because the ...

Issue

According to financial experts and economists, global effects of the debt crisis are likely to excavate if the situation continues. They say the economic recession will be worsening unless the situation is taken serious and measures put in place to avoid this. Although there are many vigilantly optimistic analysts today, there are still fears that global economic might soon collapse.

Background/Situation Analysis

Today, many countries in the world are faced with the debt crisis that hastened from the credit collapse of 2008.
Despite the fact that the governments did not initiate the global debt crisis, in many countries it has ...

First of all it is important to define what human security is in order to understand the concept of security. Recent research (James, Steve and Patricia, 2011) shows that human security means an individual is free from threats or violence within his surroundings. The term human security has gained wide usage in recent years and there are number of concepts that relate to this term. According to Richard and Deepayan Basu (2006) human security can be defined as; ‘human security represents and effort to re-conceptualize security in a fundamental manner. It is primarily an analytical tool that focuses on ensuring ...

Major causes of economic growth in the UK and in china during 1997 and 2007

The UK and China both experienced a period of steady economic growth, marked by an increase in gross domestic product, purchasing power parity, and decrease in unemployment and an increase in production within the countries. This growth was triggered by various factors and the result of the growth was an increase in financial stability within the two countries. Prior to this period, they had experienced sporadic growth but this period was characterised by steady economic growth.
The economy of the People’s Republic of China has been one of the most vibrant in the world during this period. China ...