Sunday, February 23, 2020

Economics for Global Business Coursework Example | Topics and Well Written Essays - 1000 words

Economics for Global Business - Coursework Example The country’s real GDP per capita has similarly grown over the last two years. In 2011, the real GPD per capita stood at 41,500 USD while in 2012, it stood at 42,400 USD, a positive change of 900 USD per capita within the period (Index Mundi 2013, par. 2). While the unemployment rate stood at 5.7% in 2009, this rate dropped by 0.5% over a period of three years to reach 5.2% in 2012 (Index Mundi 2013, par. 2). The economy also recorded a reduction in its budget deficit in 2012 at a rate of about 0.8% of Australia’s GDP. Australia’s budget deficit is less than half that of the U.S., and its net debt is smaller than that of its gross domestic product (Stiglitz, 2013). Although the national budget deficit has been slightly increasing recently, the countries' public debt as a percentage of GDP is small compared to many European countries, France included. Australia has also benefited from a commodity boom that has seen the economy get stronger. These statistics and fa cts hint to the fact that the Australian economy is remained strong and has managed to achieve positive growth over the last couple of years. The strides made by the economy are a direct result of the Australian government’s and the Reserve Bank of Australia’s positive efforts and robust policies. One important practice maintained by the Australian government is globalization. ... tralia has continued to open up its borders to international trade and inflow of information, people, goods, and services, a factor that has seen its economy continue to grow. In this respect, the Australian government has been engaging the Trans-Pacific Partnership talks and has endeavoured to strengthen its relations with Korea, Japan and China by engaging them in free trade agreements (Index Mundi 2013, par 1). Australia's government has put in place good policies to evade the kind of international economic turbulence that has affected so many other nations in the last two years (Thirlwell, 2013). A few years ago as other nations fell into recession, Australia kept its strong economy moving. Personal efforts by Australia's leaders such as Kevin Rudd saw the implementation of stimulus packages that reduced government debt and saved thousands of jobs. Being self sufficient in energy production, the country stands to benefit a lot economically since the cost of manufacturing has been cut down. For any country to have a good economy, its central or reserve bank plays a crucial role in overseeing economic growth. The Reserve Bank of Australia has been playing a very important role in the Australian economy. Thanks to the establishment of good monetary policies by the Australian Reserve Bank, the country has managed to avoid recessions and high inflation (Onselen, 2013). Australia’s exemption from the recent global recession is proof that the government and reserve bank policies have made Australia a model of a successful economy (Onselen, 2013). One contributing factor to the notable example of good adjustment of the macro economy has been the flexibility of the exchange rate. Even though other factors such as demand for labor, and the growth of wages, were playing a

Thursday, February 6, 2020

Reaction Paper Essay Example | Topics and Well Written Essays - 500 words - 10

Reaction Paper - Essay Example I felt that the poet wrote that days and months are travelers of eternity because these are some of the factors that will be there till eternity. When I read this, I asked myself what eternity was. I was left wondering how days and months connect to eternity. I am a layman person, and we describe eternity as something that has no end. However, the poet’s journey was just for a moment, but days and months last forever. Days and months are there for eternity, unlike Basho’s journey, which came to an end. It is as if Basho never expected to complete his journey. He suffered throughout his journey so he was left wondering how days and months felt as they seemed to travel throughout. Days and months will always be there. Days and months could becompared to travelers, who never seem to complete their journey. They will travel forever, and this is the thesis of Basho’s quote (Basho 1). This line is also extremely intriguing. According to the poet, the moon and the sun will always be there in every generation making them seem like ideal wanderers (Basho 139). As Basho wandered throughout Japan, he always met the sun and the moon during the days and nights respectively. Basho’s journey took ages to complete likewise as the moon and the sun never seem to complete their voyage around the earth. The sun, according to the poem, never seems to end their voyage around the world. The poet illustrated this well as he assumed that the moon and sun were also in a voyage, which never seems to end. This line is easy to interpret as I got the message in this line immediately I finished going through it. Even though, it is advisable for writers to puzzles their readers, it is also essential to offer them lines, which will make them understand or interpret what they are reading. The poet made it easier for his readers to understand what they are reading. I found this line overwhelming as people would not