Consequences of Unemployment in World Economies Research Paper

Consequences of Unemployment in World Economies
This paper looks at the consequences of unemployment to world economies and the feasibility of encouraging economic growth.
# 147398 | 1,930 words | 8 sources | MLA | 2010 | GR


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Description:

In this research report, the writer provides information about the consequences of unemployment to world economies and presents economic tools that deal with the growing rate of unemployment by avoiding or managing its economic and social consequences. The writer discusses that both developed and undeveloped countries suffer from the recession and experience high levels of unemployment that can be solved by introducing monetary or fiscal policies, by educating people, by always providing the right and updated information. The writer concludes that unemployment is deemed to be a truly important statistic used by the government to estimate the health of the economy and the current unsatisfactory rates represent a problem that needs an immediate solution.
This paper includes charts.


Table of Contents:
Introduction
Consequences of Unemployment to World Economies
The Feasibility of Encouraging Economic Growth
Should Developed Countries Help Third World Countries?
Foreign Investment
Dealing with the Growing Rate of Unemployment
Recommendations
Conclusion
Bibliography

From the Paper:

"Economists argue that economic growth is a way to cure unemployment, thus, they suggest using it against the current growing rate of unemployment. Whether this is feasible or not under the current financial crisis, it is a hotly debated issue. It is a fact that developed economies are in recession and undeveloped economies are experiencing a slowdown of their activity. According to IMF and its 2009 report, "continued deleveraging by the financial sector and dramatic declines in consumer and business confidence has triggered a sharp deceleration in domestic demand across the globe"(11). In addition, the world trade and industrial activity are significantly falling, whereas the labor market is weakening. To illustrate this, global growth was experiencing a weakening, with a deccelaration of the activity from 3.5% in 2008 to 0.5% in 2009; a gradual recovery is expected for 2010. Also, the decline in external demand has hit the advanced economies such as the euro zone and Japan, whereas the economic insecurity has caused the consumption decrease and business investment decline in US. Also, these increase in a decreasing way of the growth, will have an impact on low-income countries as well. "

Sample of Sources Used:

  • Blinder, Alan S.. "Kenesian Economics". Library of Economics and Liberty. 29/12/2009 <http://www.econlib.org/library/Enc/KeynesianEconomics.html>.
  • Gus, Damien. "How to Help Developing Countries Reduce Poverty". The Tutor Pages. 02/01/2010 <http://www.thetutorpages.com>.
  • Gupta, G. S.. Macroeconomics:Theory and Applications. New Delhi, US: McGraw Hill, 2004.
  • IMF, 2009. "The Implications of the Global Financial Crisis for Low Income Countries". International Monetary Fund. 02/01/2010 <www.imf.org>.
  • New, Release. "December, 2009". Bureau of Labor Statistics U.S Department of Labor. 03/01/2010 <www.bls.gov>.

Cite this Research Paper:

APA Format

Consequences of Unemployment in World Economies (2011, March 29) Retrieved February 19, 2020, from https://www.academon.com/research-paper/consequences-of-unemployment-in-world-economies-147398/

MLA Format

"Consequences of Unemployment in World Economies" 29 March 2011. Web. 19 February. 2020. <https://www.academon.com/research-paper/consequences-of-unemployment-in-world-economies-147398/>

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