One of the other key measures of our economy is the unemployment rate. This measure provides something of a counterpoint to a growing GDP. The unemployment rate increased in October 2008 to 6.5%. The ability to find meaningful work is a key component of GPI, yet the GDP can grow even if unemployment is high. One of the reasons is that the GDP does not measure wealth distribution. The wealth gap has increased over the past eight years. Average household wealth has increased, but the rate of increase is faster in the top quartile of households. Real wealth in the lower quartiles has stagnated. Again, the GDP would measure the wealth as having grown nationally. But over the past eight years wealth distribution has worsened. hile this clearly constitutes economic success for some individuals, it does not constitute economic success for the majority.
The current account deficit has continued to grow.…...
mlaWorks Cited
Cobb, Clifford; Halstead, Ted & Rowe, Jonathan. (1995). If the GDP is up, why is America down? The Atlantic. Retrieved November 9, 2008 at http://www.theatlantic.com/politics/ecbig/gdp.htm
U.S. ECONOMIC PEFOMANCES IN THE PAST 5 YEAS
U.S Economic Performance in the past 5 years
Major indicator of healthy state of an economy is the real Gross Domestic Product (GDP) growth rate. The GDP growth rate reveals the performances of an economy. United States is one of the richest country in the world and "has the largest gross domestic product (GDP) in the world." (Jabir, 2009 P. 3171). The country total GDP in 2010 was $14.5 trillion. (World Bank, 2012). Since 2006, the U.S. GDP has continued to fluctuate. Between 2006 and 2007, the U.S. enjoyed the growth in the GDP. In 2006, the country recorded 2.70% point of annual rate in the GDP, and in 2007, the country GDP slightly declined to 1.9%. While the U.S. demonstrated health growth rate between 2006 and 2007, the country recorded negative growth in the GDP between 2008 and 2009. In 2008, the U.S.…...
mlaReferences
Bureau of Economic Analysis (2011). Contributions to Percent Change in Real Gross Domestic Product. USA.
Congress Budget Office (2012). The Budget and Economic Outlook: Fiscal Years 2012-2022. Congress of the United States.
Congressional Budget Office (2011).Budget and Economic Outlook: Fiscal Years 2010-2021. Government Printing Office. USA.
Economic Intelligent Unit (2011). Country Report, United States of America. The Economist Intelligence Unit Limited.
Country Comparision
Assessing Economic Performance
The United States vs. China: An economic comparison
Increasingly, the threat of world dominance by China is used as a 'scare tactic' to raise alarm about the faltering place of the U.S. In the world economy. However, while the U.S. faces major challenges, China also faces considerable obstacles in its upward economic trajectory, particularly given its low levels of personal spending, dependence upon exports and with political concerns about its human rights record and government corruption.
The United States remains one of the most powerful nations in the developed world. Its per capita GDP is $49,800. However, this figure alone does not explain the entire 'picture' of the U.S. economy (USA, 2013, CIA Fact Book). There is a growing divide between the very poor and the very rich which could lead to problems such as political unrest, resentment, and insufficient demand for goods and services. "Since 1975, practically all…...
mlaReferences
China. (2013). CIA Fact Book. Retrieved:
https://www.cia.gov/library/publications/the-world-factbook/geos/ch.html
USA. (2013). CIA Fact Book. Retrieved:
https://www.cia.gov/library/publications/the-world-factbook/geos/us.html
Apple's economic performance, characterized by high growth, is not infinitely sustainable -- nothing is on a finite planet - but the company can sustain economic success for a very long time. The company's investment returns are very strong. The ROE is 45.58% and the ROA is 29.3%. Both of these figures are around the industry averages. Both of these figures are above the 5-year averages, indicating that Apple has been able to improve its operating performance in the past five years. The company, even over the five-year time horizon, performs roughly in line with its industry peers.
Over the past three years, Apple's performance has improved significantly, and this was on a base of very high performance. The company's income has increased from $42.9 billion in FY2009 to $108.2 billion in FY2011. The net income has increased from $8.2 billion to $25.9 billion in that same period of time. This means…...
mlaWorks Cited:
MSN Moneycentral: Apple (2012). Retrieved March 23, 2012 from http://investing.money.msn.com/investments/key-ratios?symbol=AAPL
Americans receive two to three weeks of paid vacation per year, while Europeans receive between 5 and 7 weeks. In addition, the U.S. has generally 8 paid holidays per year; the comparable figure for Europe is 12 to 18 days (holidays such as Easter and Christmas, plus national days and even the Queen's irthday in the Netherlands). As a result, Americans average only 10.2 vacation days per year (Zuckerman). Americans work on average nearly 2,000 hours a year, while Germans work about 1,500 hours. This significant difference in hours worked may help to account for a significant portion of the 43% difference in per capita GDP for the two countries.
Retirement Age and Associated Pension Costs third reason are the retirement ages and associated pension costs. Europeans retire at an earlier age than Americans: generally between 57 and 62, while Americans tend to retire between 62 and 65. This difference…...
mlaBibliography
Alesina, a and Tabellini, G.U.S.-Europe income gap: Is it for real? Economic. Cambridge: VOX, 2007.
BBC. "EU unemployment stabilises." BBC News 5 March 2002: n.p.
Blanchard, O. "European unemployment: the evolution of facts and ideas." Economic Policy (2006): 5-59.
BLS. "How the Government Measures Unemployment." July 2004. BLS, Dept of Labor. 1 November 2007 http://www.bls.gov/cps/cps_htgm.htm .
Currency Exchange ates
The author of this brief report has been asked to look at the subject of currency exchange rates and what they mean in terms of fiscal policy and the overall economic health of a country. The questions that will be answered will include whether the currency exchange rates for a country are an economic barometer of a country, the identification of an exchange rate and the comparison of its rate to the United States dollar and the primary factors that lead to the rate of exchange when it comes to comparing one country to another. While the currency exchange rate is indeed a good overall metric to look at when it comes to economic health, there are other figures and milestones that should get just as much, if not more, weight when it comes to ascertaining the economic health of a country.
Analysis
As for whether currency exchange rates are…...
mlaReferences
Bergen, J. (2004). 6 Factors That Influence Exchange Rates. Investopedia. Retrieved 7 September 2016, from http://www.investopedia.com/articles/basics/04/050704.asp
Wheeler, B. & Hunt, A. (2016). Brexit: All you need to know about the UK leaving the EU - BBC News. BBC News. Retrieved 7 September 2016, from http://www.bbc.com/news/uk-politics-32810887
Economics
hile the U.S. is only showing the first signs of recovery from the global economic crisis, other nations such as Australia and China have recovered much more quickly. There are a number of factors that have contributed to the disparity in economic performance in the past three years in these different nations. In particular, three factors will be considered. The first is the situation in each country at the outset of the crisis. As the crisis was largely precipitated by a credit crunch, the differences between the structure and regulation of the banking sectors in each country will be given particular attention. The second factor will be the response on the part of each federal government to the crisis. The third factor will be the nature of the different economies -- the degree to which different structures have impacted the recovery process. Lastly, policy implications will be drawn for the…...
mlaWorks Cited:
BEA. (2011). National income and product accounts table. Bureau of Economic Analysis. Retrieved March 4, 2011 from http://www.bea.gov/national/nipaweb/TableView.asp?SelectedTable=1&ViewSeries=NO&Java=no&Request3Place=N&3Place=N&FromView=YES&Freq=Year&FirstYear=2007&LastYear=2010&3Place=N&Update=Update&JavaBox=no#Mid
Chinability.com. (2010). GDP growth in China 1952-2009. Chinability.com. Retrieved March 4, 2011 from http://www.chinability.com/GDP.htm
Jones, F. (2011). Krugman: Stimulus didn't fail because it never happened. Moneynews.com. Retrieved March 4, 2011 from http://www.moneynews.com/StreetTalk/paul-Krugman-Stimulus-Didnt/2011/02/16/id/386333
Maiden, M. (2009). Australia's banking sector is as strong as a brick outhouse. The Age. Retrieved March 4, 2011 from http://www.theage.com.au/business/australias-banking-sector-is-as-strong-as-a-brick-outhouse-20090506-avdj.html
Economic Challenges Canada Faces
In recent years, the challenging economic condition in Canada has emerged as a concern for citizens, policy makers and the government alike. Canada faces challenges in terms of creating a more innovative society, as the country continues to experience a significant productivity gap compared to other advanced industrial economies. The Canadian industry appears to be slower in successfully developing, applying and marketing innovative products, processes and services than a majority of other nations. This lack of innovation is the cause of Canada's low productivity growth and competitiveness, and therefore must be addressed in order to increase employment growth, a higher standard of living and an improved quality of life for all Canadians.
Current research predicts that although Canada's economic performance will gradually strengthen out of the recent mild slowdown into a better pattern of growth in 2004, Canada's economy still faces the longer-term challenge of increasing productivity growth…...
mlaBibliography
Department of Finance Canada. (2004). The Economy in Brief. Retrieved March 8,
2005, from the Department of Finance Web site: 12e.htmlhttp://www.fin.gc.ca/ECONBR/ecbr04-
Economic Survey Canada. (2004). Building Partnerships for Progress. Retrieved March 8, 2005, from the Economic Survey Canada Web site: http://www.oecd.org/document/24/0.02340.en_2649
Environment Canada, Informing Canadians on Pollution. (2002) Highlights of the 2002 National Pollutant Release Inventory, Environment Canada.
(Buchanan, 72)
The economic policy tools that were employed just after the war subsequently underwent some changes. From 1947 to 1950 direct controls on wages and distribution were eliminated followed by removal of trade controls in 1958. However, the government continued to maintain its hold over prices and credit distribution which made it different from many of its neighboring states in the postwar period. The French Ministry of Finance exerted greater control over the economy than the Bank of France. This led to a greater predilection to resort to devaluation when external equilibrium resulted due to the state failure to control incomes. In France, the period between 1945 and 1975 was known as the "thirty glorious years" because of the phenomenal economic performance. During this period, the average growth rate of GDP was around 6.8% which was quite remarkable considering that Britain's average GDP growth rate was 2.4% and Germany's…...
mlaReferences
Bathelt, Harald; Wiseman, Clare; Zakrzewski, Guido. Unit 1: Post-war development and structure of the German economy.
Buchanan, Tom. Europe's troubled peace, 1945-2000.
Wiley-Blackwell, 2006.
DeLong, J. Bradford. Grasping reality with both hands: A Fair, Balanced, Reality-Based,
Economics
There are several factors that could contribute to increased demand for owner-occupied housing in the United Kingdom. Given that this demand is presently suppressed by a poor economy, most of the conditions under which demand would increase involve finding ways to boost overall economic performance. One normal policy prescription, lowering interest rates, is effectively off the table with the current rate at 0.5% and the Bank of England expected to maintain this rock bottom rate for the foreseeable future (Oxlade, 2013). Banks could lower lending rates to buyers, but these rates are usually based on spreads relative to the rate at which banks borrow, so there might not be much flexibility for banks to lower rates profitably.
One way would be to boost the economy through fiscal stimulus, government putting money into the economy instead of taking it out. This would create better demand conditions, and would also give a confidence…...
mlaWorks Cited:
Oxlade, A. (2013). Interest rates at 0.5pc for four more years. The Telegraph. Retrieved April 28, 2013 from http://www.telegraph.co.uk/finance/personalfinance/interest-rates/9922941/Interest-rates-predictions-Four-more-years-of-0.5.html
Economic and Professional Performance
This is a paper that explores the economic and professional performance of Mexican-American and Chinese-Americans.
There are six references used for this paper.
The United States is a country rich in diversity. It is interesting to look at Chinese-Americans and Mexican-Americans and determined their professional performance, as well as their economic performance.
Mexican-Americans
Mexican-Americans are one of several groups which make up the Hispanic population in the United States, and are found mostly "in California, Arizona, New Mexico, Colorado, and Texas. Although there may be cultural differences, most Hispanics share North American values, including a desire for upward mobility (Coates)."
Performance
Many Mexican-Americans find their efforts to improve their economic condition challenged by their language skills and education levels. The majority of Mexican-Americans speak Spanish and understand little or no English. Education "is a serious problem, partly because many Mexican-American families are migrant workers who move from place to place, forcing the children…...
mlaWorks Cited
Coates, Joseph F., Jennifer Jarratt and John B. Mahaffie. Future work. (effects of changing
Demographics, new technology, global economy, and new demands on workers).
The Futurist. (1991): 01 May.
Edgerton, Russell. A new case for accelerating minority educational advancement. (L. Scott
Economics - Country Analysis
Country Overview and Current Events (News)
Ethiopia, traditionally known as Abyssinia, is a landlocked Sub-Saharan country located at the Horn of Africa in East Africa, bordering Somalia, Kenya, Eritrea, Djibouti, Sudan, and the newly-created South Sudan. It covers approximately 1,126,829km2 of land; about the size of the state of Texas, and was, until the split of Sudan, the second-largest country in Africa. Being landlocked, Ethiopia largely relies on the port of Djibouti, to which it is connected by both rail and road. Economic elements such as this, together with the country's history, population, geography and economic performance have been explored in the subsequent sections of this text.
Population: the U.S. Census Bureau, in June 2013, estimated Ethiopia's population to be 93,877,025; a figure that makes the country the second-most populous in Africa, after Nigeria (orld Bank, Index Mundi). Ethiopia's population has been on a steady increase and so has…...
mlaWorks Cited
AFDB. "Inflation Dynamics in Selected East African Countries: Ethiopia, Kenya, Tanzania and Uganda." AFDB Brief, 2012. Web. 18 March 2014 http://www.afdb.org/fileadmin/uploads/afdb/Documents/Publications/07022012Inflatin%20East%20Africa%20-%20ENG%20-%20Internal.pdf
This article analyses the trend in Ethiopia's inflation rates vis-a-vis those of other countries in the Sub-Saharan region and was a valuable source of regional statistics, which formed the main basis for comparison.
Broussar, Nzinga, and Tekleselassie Tsegay. "Youth Unemployment: Ethiopia; Country Study." International Growth Center, 2012. Web. 18 March 2014 http://www.afdb.org/fileadmin/uploads/afdb/Documents/Publications/07022012Inflation%20East%20Africa%20-%20ENG%20-%20Internal.pdf
This article analyzes the trend in Ethiopia's employment patterns. It reinforced my arguments that unemployment is more prevalent in urban Ethiopia, and that the country's informal sector contributes more to GDP than the formal sector.
For the period of the late 1960s and early 1970s, West Germany strived to assist the dollar. The United States and many other nations pushed West Germany to reassess so as to make up for the dollar excess. (Germany in the World Economy)
At last, after escalating waves of conjectures, the retton Woods system had a collapse in August 1971. All through the post-retton Woods period, the deutsche mark stayed under pressure. In order to relieve strain within Europe, West Germany and other European states assented to peg their currencies to a special system of comparatively narrow exchange rate bands officially named the 'European narrow-margins agreement' but unofficially identified as the 'snake'. The United States and West Germany performed main roles in attempting to organize a new global monetary system. but, in spite of its willingness to make small exchange-rate alterations for the benefit of new currency arrangements, West Germany…...
mlaBibliography
Little German Reform Would Go a Long Way" (Dec 1, 2003) Business Week. Issue: 3860; pg. 22. Retrieved from home.uchicago.edu/~gbecker / Businessweek/BW/2003/12_01_2003.pdf Accessed on 24 November, 2004
Economic Survey - Germany 2004: Main issues and policy challenges"
Retrieved at Accessed on 24 November, 2004http://www.oecd.org/document/17/0,2340,en_2649_201185_33633425_1_1_1_1,00.html .
Economy of Germany" Wikipedia, the free encyclopedia. Retrieved at on 25 November, 2004http://en.wikipedia.org/wiki/Economy_of_GermanyAccessed
Shift from Central Planning to Market Economy
The Turkish economy is in what might be termed semi-precarious health. It could certainly be worse, but also certainly be better. Since its birth as a nation-state into its current shape in 1923 in the wake of World War I, Turkey has operated a mixed economy, in which both state and private enterprise have contributed to economic development. (Indeed, it is arguable that all country's in the world today have a mixed economy; the United States may be a bastion for private enterprise but many workers also benefit from government money, such as the money awarded by the federal government to private companies in the form of defense industry contracts.) Since the end of World War II, the economy has been transformed from a predominantly agricultural one to one in which industry and services are the most productive and rapidly expanding sectors even as…...
mlaReferences
Abramowitz, M. (ed.) (2001). Turkey's transformation and American policy. New York: Century Foundation.
Hershlag, Z.Y. (1998). The contemporary Turkish economy. New York: Routledge Kegan & Paul.
Howe, M. (2001). The Kurdish conflict in Turkey: Obstacles and chances for peace and democracy. London: Palgrave. http://www.imf.org http://www.immigration-usa.com/wfb/turkey_economy.html http://www.rt66.com/~korteng/tudemog.htm http://apps.nccd.cdc.gov
Ibrahim, F. (ed.) (2000). Turkey today: A nation divided over Islam's revival.
Economics of Southwest Airlines
A Brief Economic Analysis of Southwest Airlines Today
Southwest Airlines was incorporated in 1967 and has its headquarters in Dallas. It is a U.S. airline that offers domestic point-to-point service; as of December 31, 2004, the company operated 417 Boeing 737 aircraft, with service to 60 airports in 59 cities in 31 states (Southwest 2); the company also has at least another 261 Boeing 737-700s on order (Comerford 1). Today, Southwest has six reservations centers (one each in Albuquerque, Chicago, Houston, Oklahoma City, Phoenix, and San Antonio); in addition, the company sells credits to its business partners (these include credit card companies, hotels, telecommunications companies, and car rental agencies) (Southwest 3).
Economic Performance and Discussion
hile much of the aviation industry was devastated by the terrorist attacks of September 11, 2001, Southwest has managed to maintain an even keel due in large part to the progressive management style of its…...
Changes in consumer confidence can have a significant impact on overall economic growth. When consumer confidence is high, people are more likely to spend money on goods and services, which can stimulate economic activity and boost GDP growth. This increased spending can lead to higher sales for businesses, increased production and hiring, and ultimately drive economic expansion.
Conversely, when consumer confidence is low, people may feel uncertain about the future and be more hesitant to make purchases. This can lead to a decrease in consumer spending, lower demand for goods and services, and a slowdown in economic growth. Businesses may also....
Brazil is the largest economy in Latin America and the sixth-largest in the world by GDP. It is considered one of the most developed countries in the region, with a diversified economy that includes strong industries such as agriculture, mining, manufacturing, and services.
Compared to other Latin American countries, Brazil's wealth is significantly higher. Countries like Mexico, Argentina, Colombia, and Chile also have relatively strong economies, but Brazil's GDP and overall wealth surpass those of its neighbors. However, Brazil also faces significant challenges such as inequality, corruption, and high levels of poverty.
Overall, Brazil's wealth is one of the strongest in Latin....
1. Sunny Africas analysis of the Philippines economy challenges government narratives by providing a critical evaluation of key economic indicators and policies that may differ from the official government stance. This independent analysis offers a different perspective on issues such as GDP growth, inflation rates, unemployment levels, and poverty statistics, which can highlight discrepancies or discrepancies in the data presented by the government. By examining these factors in depth, Sunny Africa sheds light on potential areas of improvement or concern that may not be captured in the governments reports, thus challenging the prevailing narratives regarding the countrys economic performance.
2.....
The establishment of a BRICS currency could potentially have a significant impact on global financial dynamics in the future. The introduction of a common currency among the BRICS nations could lead to increased trade and investment among these countries, as well as greater cooperation on economic and financial issues. This could potentially shift the balance of power in the global economy towards the BRICS nations, which are some of the fastest-growing economies in the world. As a result, the BRICS currency could challenge the dominance of the US dollar as the worlds primary reserve currency and lead to a more....
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