Bocconi University Milan‚ Italy 2011 The external debt in the European Union Member States. The Bulgarian case. Final Paper 1 ..................................................................................................................... 3 .............................................................................................................. 4 ...................................................... 6 ..............................................................
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The economic inequality that exists in the United States is a big problem even though many Americans might not think of it as much. Economic inequality has been identified because of the large gap between the rich and the poor people in the United States. It can also be seen in the large gap of the wages of the workers all over the country. According to studies‚ the country has recently reached its highest rate of economic inequality in the year 2014 compared to the previous years data
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Economic inequality is the variance found in many processes of economic well-being among individuals in a group‚ among groups in a population‚ or among countries. Economic inequality is sometimes called income inequality‚ wealth inequality‚ or the wealth gap. Social inequality arises when resources in society are distributed unevenly‚ through the types of distribution‚ which create specific patterns along the lines of socially defined groups of people. It is the different preference of access of
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State of Play in the Economics Discipline Economics is in disarray. Few would deny it. Some of the signs are obvious. Other evidence is more controversial. One of the fundamental causes is an ethical failure (Alvey‚ 2011). First‚ economists claim to be scientists or technicians who study ‘facts’‚ not values; they make ‘scientific’ studies and predictions. Yet economists failed to predict the Global Financial Crisis. For example‚ the top of the tree of public sector economists in the United
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Current Economic State The current economy in the United States is expanding slowly. Although the economy has grown it is not growing fast enough to sustain the unemployment rate in America. In the United States you are considered unemployed if you do not have a job‚ have actively looked for work in the prior 4 weeks‚ and are currently available for work. Persons who were not working and were waiting to be recalled to a job from which they had been temporarily laid off are also included as unemployed
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Current Economic State What is now being called the Great Recession lasted from December 2007- June 2009‚ it is the longest recession since the Great Depression. Statistically‚ the current expansion has not been good with major issues circling around weak residential and commercial real estate markets and a high unemployment rate. The current economy in the United States is expanding slowly. Although the economy has grown‚ it is not growing fast enough to sustain the unemployment rate in America
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Abstract Strong economies compete on the basis of high value‚ not solely low cost. Yet in the United States‚ growing economic disparity hinders the nation’s ability to provide the high-value-added products and services necessary to compete in a global marketplace. The economic problems associated with unequal growth – stagnant wage growth and depressed market demand – in turn exacerbate social problems‚ such as crime‚ drug abuse‚ gangs‚ reliance on transfer payments‚ and family break-ups. The most
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Mandated Reporter Scenario Paper 1: Do you report? Why or why not? Yes‚ I would report this incident. My reason being that the large handprint found on Jane’s face was discovered after she had arrived home from daycare. The evidence of a large handprint across Jane’s face is enough to report this situation and to look into who is responsible. According to the size of the handprint‚ it probably come from an adult (possibly an employee) at the daycare facility Jane attends. Daycare facilities are
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In economics‚ deflation is a sustained decrease in the general price level of goods and services.[1] Deflation occurs when the inflation rate falls below zero percent‚ resulting in an increase in the real value of money — a negative inflation rate. This should not be confused with disinflation‚ a slow-down in the inflation rate (i.e. when the inflation decreases‚ but still remains positive).[2] Inflation reduces the real value of money over time‚ conversely‚ deflation increases the real value of
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The United States of America is seen as one of the most powerful countries in the world‚ however years ago it struggled with economic disasters ‚ similar to what developing countries are facing today. However today‚ the United States is still not immune to these disasters‚ an example of this is the recession of 2008‚ that affected thousands. The financial panics and economic depressions that the country faced‚ has helped it to be more prepared for future expected bumps in the road. From each economic
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