such vast potential at hand‚ the employment rates are creating an unfavorable environment. Nearly 60% of the population is in the ’economically productive’ age group and with the alarming fact that the rate of youth unemployment in Pakistan is 8%‚ higher than the overall unemployment rate of 6% this year. Almost half of the Pakistani workforce is unemployed according to the figures released by the Pakistan Economy Watch. The low growth in labour productivity has not matched the rising labour force
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EFFICIENCY WAGE THEORY CAN PROVIDE AN EXPLANATION OF UNEMPLOYMENT Unemployment of workers is a comment and recurrent problem in the labour market in most of the countries. Unemployment is defined as an excess supply of labour at prevailing wage. It means that the labour market is unable to be clear. A lot of the economists attempt to find out the cause of it. And the efficiency wage theory is widespread acceptable for explaining the involuntary unemployment in the modern theory‚ which is defined as the
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Respectable Citizens: Gender‚ Family and Unemployment in Ontario’s Great Depression By Lara Campbell – A Review Lara Campbell’s‚ professor of history at Simon Frasier University‚ book Respectable Citizens: Gender‚ Family and Unemployment in Ontario’s Great Depression (published in 2009) provides a thoroughly researched look at an often looked over topic in regards to the Great Depression; gender. Her beginning introductory chapter sets the focus of this book and she takes time to consider the
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Curbing Unemployment through Skills Acquisition: A Study of the National Directorate of Employment (NDE)‚ Kaduna State By AMUPITAN‚ Oboromeni Federal University‚ Lokoja Nigeria January‚ 2011. ABSTRACT The paper “Curbing Unemployment through Skills acquisition: A case of the National Directorate of Employment (NDE)”Kaduna State is about unemployment and how it can be reduced through skills acquisition. This work is aimed at finding out how the NDE has reduced unemployment through its skills acquisition
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associated with it. Describe the impact on output‚ unemployment‚ interest rates and prices in the short and medium run. How effective do you expect this policy to be and what factors does its efficacy depend on? With the emergence of recent financial crisis‚ economies across the globe have been experiencing quite rough times and faced many difficulties‚ as well as downturns. Many countries faced the progressively increasing rate of unemployment‚ big declines in the share of the consumer’s wealth
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"The Only Sensible Policy in a Debt Crisis is an Austerity Programme". Discuss this statement with particular reference to unemployment. -- Terri Ha A debt crisis is the situation an economy is facing when its borrowings for spending is much greater than its tax revenue‚ that its public debt is increasing to a point where it is almost impossible to manage. an austerity programme is a series of government imposed policies to manage this debt‚ including a reduction in government spending and an
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of people who are involuntary out of work. This means that they are actively seeking a job but unable to find it. Unemployment usually occurs when there is a lack of demand for labour by firms in an economy. The most common types on unemployment are classical‚ structural‚ frictional and cyclical unemployment. The natural rate of unemployment refers to the lowest level of unemployment that can be sustained by an economy without increasing the rate of inflation. This function depends on certain economic
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Hitler joined the German workers party in 1919 and after becoming leader in 1922 renamed the party National Socialist German Workers’ Party. Hitler hated democracy and in 1923 the Nazis tried to overthrow the government by force. This failed and Hitler was imprisoned by the German government. When he was released in 1924 he decided on a change of tactics. The Nazis would win power through the popular vote. To begin with they were not very successful but from 1929 their popularity dramatically increased
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“AFRICA WAS A CULTURAL WASTELAND‚ UNTIL THE EUROPEANS SOWED THE SEEDS OF CIVILIZATION ON HER CULTURAL BARREN SHORES” BY OKOJIE EHINOMHEN PETER APRIL 2012 INTRODUCTION That “Africa was a cultural wasteland‚ until the Europeans sowed the seeds of civilization on her cultural barren shores” amounts to no culture in this geographical entity inhabited by people until the Europeans brought them the way of life. It is tempting to want to be subjective rather than being objective in discussing this
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IB Economics Economics Task 11 Block G| Louis Cheng Louis Cheng The relationships among real GDP growth rate‚ unemployment rate and consumer price index of Japan between 1999 and 2009 In this essay‚ we will be looking at Japan’s economy through the 3 macro-economic indicators. The economy of Japan is the second largest in the world in terms of nominal GDP‚ after the US. Economic growth in Japan‚ however‚ has been slow in the recent decade: throughout the 1990s her growth was slower
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