¶ … Macroeconomic Objectives
Briefly outline the five macroeconomic objectives governments generally seek to achieve
In each economy, the government always put forward some five macroeconomic objectives, which will help in keeping track of the economic growth. The five macroeconomic objectives are increase economic growth, control of inflation, reduction in unemployment, more equal distribution of income, protection of the environment.
Increase in economic growth
Increased economic growth acts as an agent for increased living standard which is always the aim of every government. The governments always seek in increasing the job creations to offer a source of income to the citizens. The government can only achieve this if it put forward strategies for increasing the economic growth. The increased economic growth has a direct relationship to the expansion of national production which acts as a prerequisite for economic development (Jonkhoff, 2011). The government also aim in increasing the national economic growth because the latter will increase the participation in international trade; consequently, increasing the diplomatic relationship with other countries.
2. Reduction in unemployment
Unemployment acts as a socio-economic problem in most countries in UK; consequently, the government in making life for its people, always seeks for ways of increasing the employment rates. Economic problem arises as the result of reduced per capita income because less people are productive in the countries. Consequently, UK will be suffering slow economic growth because of the less proportional efforts of the citizens in the manufacturing field. As a social problem, unemployment leads to increased idleness which creates higher chances for increasing crimes in the UK. The idle person will always seek for other dubious ways of making ends meet hence the turn to such ways like robbery and immoralities. Achieving the objective will help the government to reduce the crimes since many grown person would be having some place to occupy in the employment field.
3. Control of inflation
Control of inflation is significant as part of the government objectives in ensuring economic sustainability. Inflation always has a direct relationship to price instability as shown in Fig 1. The price index...
Under the arrangement, moreover, a country with efficient production and a favored competitive position (including as enhanced by new capital goods) is rewarded with rising income and reduced unemployment. No grand scheme of state or international planning and direct control is required. Exchange rates are for the most part fixed under the classical gold-flows mechanisms (say, $/£ const. within fixed limits), as stated, and adjustments to trade imbalances
Foreign Policy of China (Beijing consensus) Structure of Chinese Foreign Policy The "Chinese Model" of Investment The "Beijing Consensus" as a Competing Framework Operational Views The U.S.-China (Beijing consensus) Trade Agreement and Beijing Consensus Trading with the Enemy Act Export Control Act. Mutual Defense Assistance Control Act Category B Category C The 1974 Trade Act. The Operational Consequences of Chinese Foreign Policy The World Views and China (Beijing consensus) Expatriates The Managerial Practices Self Sufficiency of China (Beijing consensus) China and western world: A comparison The China (Beijing
Over time the cause-and-effect of strategies to increased retention, get reflected in the metrics and KPIs that are rolled up into a single balanced scorecard. All of these metrics also are used for defining the second step in the process the book promotes, which is defining the causes of attrition and working to alleviate them. The most difficult aspect of customer retention strategies and minimizing the defection rate is equating
What kind of regional and international cooperation is needed to respond to emigration pressures in many low and medium income countries within EU? In addition to the existing EU standards on migration, what other measures could be taken at the national, regional, and international levels to better protect migrants? Answers to these questions inexplicitly have direct implications for the growth environment and have become more pressing issues as the
S., France and publicity, Chad was able to renegotiate more favorable contracts with the Bank, expropriate over $450 million in taxes from the private Consortium firms which they claim they had already paid, under the threat of replacement with Chinese firms. Global oil prices spiked, and Chad cleared over $1 billion in revenues in the last year of the Bank's project in 2008. Much of this increased income coincided at
Recidivism This proposal is conducting a study using intervention and community orientated strategies to reduce recidivism rates. According to the Justice Department, these levels are at 43.8%. This is because the individual breaks the conditions of their parole / probation or commits new crimes within three years of their release. ("State of Recidivism," 2006) To reduce recidivism a new approach must be taken that will concentrate on dealing with the root
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now