Related Essays
be seen in a number of ways.
First, there is the Global Economic Crisis of 2008, which was spawned by the short-term self-interest of various players in the markets. Their short-term self-interest inevitably gave way to long-term woes. Some of these players collapsed under the weight of their folly, while others were bailed out by taxpayers via government intervention. Some of the effects of this crisis were masked by central bankers adopting a policy of unconventional monetary policy known as quantitative easing (QE). QE led to significant asset inflation (stock market at all-time highs, bond yields at all-time lows, the housing bubble… Continue Reading...
has made the economy of the Arab world be interwoven with the world economy. For example, the economic crisis of the U.S. affected the economy of the Arab country, and the global economic crisis in 2008/2009 led to a drop in oil prices and tourism. Consequently, a significant decline in oil prices had a direct impact on the economy of the exporting countries such as Libya and Algeria. There was also a decline of the capital flow in the petroleum producing countries. For example, there was a fall in export by 14% in Morocco and Egypt in 2009, 3% in Tunisia, and Algeria leading to a decline… Continue Reading...
which function only to protect the rich. Few of us can forget the economic crisis of 2008. America behaved in a manner that demonstrated part of a pattern: the government bailed out the corrupt institutions. This is just another aspect of a greater pattern: in America, the rich remain a protected class. As Reich points out, there are copious examples from white collar America of CEOs running their companies into ruin, and then securing massive payoffs for themselves as the company declares bankruptcy. “In early 2012, The Wall Street Journal looked into the pay of executives at 21 of the largest companies that… Continue Reading...
the most educated and talented Greek citizens now live and work elsewhere in the EU only makes the problems worse, because they are the ones who theoretically would be the job creators for the country.
The economic crisis came about due to a couple of factors. The aforementioned tax evasion issue remains a persistent problem, hindering the government\'s… Continue Reading...
Economic Crisis of 2008. What this means is that since the Great Economic Crisis, which has defined the past decade in terms of how monetary policy is conducted, the great central banks—the Fed, the ECB, the BOE—have engaged in a strategic policy of quantitative easing (QE), designed to send “trillions of euros [dollars, and pounds] into the financial system” (Van Lerven, 2016, p. 237). While QE tends to prop up market prices, the goal of the policy is to jumpstart the economy—much like the concept of basic income is meant… Continue Reading...
Economic Crisis of 2007-08), has changed the way the world operates and the way trade is not only conducted but, in essence, necessitated. In the past, trade was a natural outcome of what Adam Smith described as the economic extension of the “division of labor”—the concept that by focusing energy on maximizing production in an area that was a natural fit for a particular nation, that nation would be positioned to export its product to nations less fit to produce at the same level. Those other nations would have their… Continue Reading...
out of the Federal Reserve (Claeys & Darvas, 2015). This policy became so loose following the Global Economic Crisis of 2008 that the Fed kept interest rates low (which punishes savers), started buying Treasury bills hand over fist (like the rest of the world’s central banks—with the ECB even dipping into corporate bonds) in order to keep the market propped up and rates low, and all that new money worked to dilute the value of the Notes already in circulation so that the purchasing power of dollar was essentially cut in half thanks to the federal government’s and the Federal Reserve’s belief that… Continue Reading...
the Global Economic Crisis of 2008 by way of printing trillions of new dollars and propping up the bond market with them. The spillover effect of bond purchases into the stock market has been well documented (Zhang, Zhang, Wang & Zhang, 2013; Yavas & Rezayat, 2016), but the real story is the rising inflation in various asset classes as a result of QE (Heller, 2017): stocks, bonds, housing, food, precious metals—the price of nearly everything has gone up since the central bank began heavily diluting the dollar (which is currently plunging in… Continue Reading...
associated his presidency with it. Hoover’s seeming nonchalance towards the economic crisis was designed to reduce alarmism and promote public confidence, but instead it resulted in disillusionment, desperation, and anger. While almost anyone with the right credentials could have promised the nation relief from the Depression, Roosevelt actually did offer a sound, sensible, and pragmatic approach to dealing with the Great Depression. Continue Reading...
economic crisis. To the shock of many -- not least business titans who bankrolled the Remain campaign -- the instant collapse doesn't seem to be happening. The UK economy is, for now at least, taking Brexit in its stride. (p. 3)
Indeed, in the month following the Brexit vote, there were more than 150,000 more job listings in the UK than in the same month in 2015 (Halligan, 2016). Likewise, Bowler (2017) agrees that the negative economic impact predicted by many analysts post-Brexit has not materialized. For example, Bowler points… Continue Reading...
the Great Economic Crisis of 2008, when banks went bust and the federal government bailed them out, while millions of ordinary people lost their homes and got nothing from the government in terms of assistance.
The U.S. essentially socialized the losses (taxpayers funded the bailout) and privatized the gains (banks got to keep whatever profits they made with their speculative lending practices) and the middle and lower classes got the shaft. Another example would be the fact that corporations get to write off so much when they do their taxes that they… Continue Reading...
company has developed loyalty amongst its employees the possibility of them deserting the company during an economic crisis is minimized. This is because the employees understand the company always has their best interests at heart and the current economic situation is only temporary. Having such loyalty would ensure that the company is able to ride the wave and recover. Disgruntled employees are like a virus, and they can have a negative impact on other employees. It is beneficial to ensure that all employees are on the same page and are all committed towards the company's overall strategy.
Low Turnover
According to research, it has been pointed… Continue Reading...
United States, workplace demographic spans four generations. The 2008 and 2009 U.S. economic crisis makes many older workers delaying retirement leading to a rich mixture of generation across different sectors. Consequently, this shift affects the workplace culture since values, attitudes as well as workplace style differ across a different generation. Moreover, each generation brings their work behaviors, values, motivation and relationship styles to the workplace assisting in enhancing the organizational development. Despite the benefits associated with the multi-generation work environment, a present of diverse generation can bring a challenge to managers with respect to communication, respect and work styles. Organizations can still… Continue Reading...
a decade since the 2008 economic crisis. The ruling classes are able to perpetuate a system of inequality in this way by ensuring that the wealth of the top 1% of the country grows exorbitantly while the bottom 99% steadily sees their savings eroded, especially as the value of the dollar evaporates over time.
As a result of inequality, impoverished families and communities suffer. They lack access to the best schools and to good health care. Their communities often suffer from problems of drugs and crime. Young people who grow up in poverty receive poorer… Continue Reading...
Paul is still considered a junior senator, having come in under the Tea Party banner following the 2008 economic crisis (he was elected in 2010) (Meet Rand, 2017). McConnell's voting record is in line with party expectations. Paul's is not. Paul is not afraid to challenge the status quo and stick to principles that he learned from his father. I supported his father because of the Libertarian principles he argued for and I would support Rand for the same reason.
I would say that Rand acts as both a delegate and a trustee. He was elected because he represented a growing movement… Continue Reading...
place). But the hypothesis was rejected for Italy and Holland, because of the recent "worldwide economic crisis" -- which impacted developed countries (Akpinar, 86). The data used was reliable; this is valid research because it examined diversification vs. production; and a limitation of the study was that it only involved 3 countries; and other variables could be considered (national income, gross national product and "crisis conditions" (Akpinar, 86).
Florentina, R. (2012). Corporate Governance and Corporate Diversification Strategies. Review Of International Comparative Management, 13(4), 621-632.
Raluca Florentina is a professor at the Bucharest University of Economic Studies in Romania, and in this peer-reviewed piece the author… Continue Reading...
