GREAT RECESSIONS OF THE WORLD GLOBAL MACROECONOMICS Abstract The NBER in the United States defines a recession as: “A recession is a significant decline in economic activity spread across the economy‚ lasting more than a few months (more than two quarters)‚ normally visible in real GDP‚ real income‚ employment‚ industrial production‚ and wholesale-retail sales.” In this study of global recessions of the world our aim is to prepare a cause and effects analysis for four major recessions
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How far was the Korean War a militant and political success for the US? The world was by taken by surprise when North Korean forces crossed the 38th parallel in June 1950. The war that followed soon snowballed out of proportion‚ spreading out to involve China‚ the Soviet Union‚ and the UN and is said by historians to have shaped US foreign policy as it is today. But was the war a success‚ or was it merely another black whole swallowing the lives of American‚ Korean and Chinese soldiers? From
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Post-war Germany comparison and problems of economic development Through the previous essay describes‚ we knew Germany from baifeidaixing status after the war to later return to the powerful countries of the world.Need a lot of qualified support‚ in which the Government plays a crucial role.This is why defeated Germany to rise again‚ and the victory of the United Kingdom had lost its dominance. The fate of two kinds of economic One of the most significant features in the history of Western
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K-pop? South Korean Popular Music‚ the Culture Industry‚ and National Identity John Lie* In the early 2010’s‚ the expansion of South Korean popular culture around the world is led by popular music‚ usually known as Kpop. In this paper I seek to answer two questions. First‚ what are the sources of its success beyond the South Korean national border? Secondly‚ what does it say about contemporary South Korean society and culture? Key Words: K-pop‚ Korean Wave‚ Hallyu‚ South Korean Popular Culture
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the 2008 Recession Were you affected by great recession? If your answer was “no’’ you must have been one of the winners of the recession‚ such as homebuyers‚ banks or the owner of the major corporations. In other words‚ most of the losers lost their job and money and even sold their homes at the wrong time. During the great recession‚ there are many winners and losers‚ so‚ which side were you on? The winning side or the losing side? Homebuyers were one of the winners of the 2008 recession‚ during
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Communist Control Act of 1954 U.S. Statutes at Large‚ Public Law 637‚ Chp. 886‚ p. 775-780 AN ACT To outlaw the Communist Party‚ to prohibit members of Communist organizations from serving in certain representative capacities‚ and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled‚ That this Act may be cited as the ’’Communist Control Act of 1954’’. Findings of Fact Sec. 2. The Congress hereby finds and declares that
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Abstract A recession is full-proof sign of declined activity within the economic environment. Many economists generally define the attributes of a recession are two consecutive quarters with declining GDP. Many factors contribute to an economy’s fall into a recession‚ but the major cause argued is inflation. As individuals or even businesses try to cut costs and spending this causes GDP to decline‚ unemployment rate can rise due to less spending which can be one of the combined factors when
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Korean Immigration by Jenny Franko Pogi hajimara. In Korean‚ this translates to “don’t give up‚” three words that became their motto during their times of despair. The Koreans have faced many difficulties‚ but managed to overcome them with the aid of hope. As soon as one war would come to an end‚ another one would start. Though Koreans have only recently immigrated in large numbers to the United States‚ due to North Korean oppression‚ they have managed to make a reasonable amount of contributions
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have abstracted from the channelnewsasia.com‚ is about the recession that hit Singapore back in 2008. In the said article‚ the recession in 2008 was so bad‚ that it left many Singaporeans jobless due to high rate of retrenchment‚ that was possible to reach as high as it was during the 1998 Asian financial crisis and 2001 economic downturn that left up to 30‚000 workers retrenched. Besides causing loss of jobs for many workers‚ the recession in 2008 subsequently affected the manufacturing sector‚ tourism
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Australia’s post-war role within the United Nations (UN) is actively committed to maintaining world peace and security. With perseverance of this role‚ Australia has contributed to substantial developments within the UN. These developments can be distinguished through Dr Herbert Vere Evatt’s contribution‚ fulfilling UN Peacekeeping roles‚ signing UN conventions and participating in specialist UN bodies. The outcome of these initiatives benefits Australia by growing its reputation as a Global citizen
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