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Interest rates have started increasing and there are other indications of economic downturns in major economies of the planet. International Labour Organization predicted that at least 20 million jobs will be dropped at the end of 2009 attracting global unemployment degree at over 200 million for the first time. The number of jobless folks may increase by more than 50 million in 2009 if the recession dissipates. Advanced economies like USA, Canada, Brazil, China, Japan, Hong Kong, India,......Read More
America's economic Crash of 2008 was led almost at Wall Street. In his September release, qualified, Aftershock: The Next Economy And America's Future, Robert B. Reich asserts otherwise. He believes the real problem is structural: There's an increasing concentration of wealth at the top, while middle class Americans struggle to keep a good standard of living. Reich served in three national administrations, most recently as Secretary of Labor under President Clinton. He's written books, and is a......Read More
INTRODUCTION. It is in no doubt the balance of trade that is sometimes symbolized as (NX) is described as the Difference between the monetary value of export and increase of lead in an economy within a specific period. It could also been seen as the relationship between the nation's import and exports. When the equilibrium has a positive indication, it is termed a trade surplus, i.e. If it consists of exporting over is erased and a deficit or a trade gap if the inverse would be the case. The......Read More
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