MACROECONOMICS – WHAT IS STRUCTURAL UNEMPLOYMENT? EVALUATE THE MEASURES THE GOVERNMENTS MIGHT TAKE TO COMBAT IT. Structural unemployment is a branch of natural unemployment. It occurs when there is a continuous fall in demand for a particular labour market‚ derived from a change in the economy’s structure (e.g. change in consumer’s taste‚ automation‚ low cost labour alternatives in foreign countries… etc.) The reason why this is ‘natural’ is because there will always be a certain amount of structural
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Thailand‚ a country located in the center of the Indochina peninsula currently boasts an unemployment rate of .7%. Thailand’s economy has slowly developed over time only to turn into one of the greater success stories. In the beginning stages of the countries growth‚ pre-1950‚ those heavily indebted might have sold themselves as slaves. As the country continued to grow they gained a boost once the Cold War took place. Soon after Thailand saw a huge change in its economy as international economics
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Wroughton‚ 2012). Economic problems are no longer confined to Europe and North America as China and India see worrying slump in growth (Fears of global economic slowdown weigh on emerging markets‚ 2012) This would be a new and worrying development. Unemployment is particularly high during a slowdown and it corresponds directly to a loss in GDP. Besides‚ productivity tends to fall in the early stages of economic slowdown‚ and then rises again as weaker firms close and causes the variation in profitability
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What are the different types of unemployment? How do they affect the economy in terms of growth‚ labor force‚ and price of labor? Cite specific examples to support your response. What are the different types of unemployment? There are four types of unemployment: Structural unemployment – depends on the social needs of the economy and dynamic changes in the economy. Frictional Unemployment – caused because unemployed workers may not always take the first job they are offered because of wages
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How is the increasing rate of unemployment affecting the youth of South Africa? 1. Introduction A major problem in South Africa is the large number of young persons who are unemployed. In South Africa 50% of the South Africans who don’t have jobs‚ are youngsters. Today‚ a matriculation qualification is not enough to get a job in this country‚ even having a degree does not necessarily guarantee employment. South Africa has an acute problem of youth unemployment that requires a multi-pronged
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5. What is the Relationship between Short-term Unemployment and Inflation? What cause inflation? Inflation refers to a rise in prices that causes the purchasing power of a nation to fall. Inflation is a normal economic development as long as the annual percentage remains low; once the percentage rises over a pre-determined level‚ it is considered an inflation crisis. There are many causes for inflation‚ depending on a number of factors. For example‚ inflation can happen when governments print
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PROPOSAL UNEMPLOYMENT AND PSYCHOLOGICAL DISTRESS AMONG GRADUATES BY UGWU KELECHI ESUT/PG/Msc/011/11785 LECTURER; CHIEDOZIE CHAPTER ONE INTRODUCTION This research project titled unemployment and psychological
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Claimant count and labor force survey are the basic two ways to measuring countries unemployment. Neither one of these two measurements are perfect so now I am going to have a discussion about the reliability of these two measurement. Claimant count is based on counting the number of people who claim unemployment related benefits (the majority of whom claim Jobseeker allowance (JSA)) and they are willingly and able to work. The strength of this method is cheap and quick‚ the statistical department
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AFRICAN POLITICAL THOUGHT AND SELF-RELIANCE: PANACEA TO AMELIORATE UNEMPLOYMENT IN AFRICA Adebisi David‚ ALADE Department of History and International Studies Adekunle Ajasin University Akungba-Akoko‚ Ondo State‚ Nigeria 2348064151074; 2348024615670 aladeadebisidavid@yahoo.com Abstract In African states‚ there is high tempo of following the residual paths of Western thinkers such as Plato‚ Aristotle and John Locke‚ in the quest to formulate sound thoughts and policies. While nothing is inherently
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governments reduce the use of foreign workers to overcome youth unemployment? Youth unemployment is the unemployment of young people aged between 15 to 24 years old. Based on a new report by the International Labour Organization‚ the worldwide youth unemployment rate has remained high‚ at 12.6 percent in 2011 and 12.7 percent in 2012. This indicates that globally‚ nearly 75 million of youngsters are unemployed. (Refer to Figure 1) The youth unemployment possibly be the biggest concern and challenge because
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