...Week 2 Assignment Business Week Article German Unemployment Falls as Export Surge Brings Jobs HR 599 Professor Carlos Jon By Meisha Barnard September 12, 2010 The Business Week article I choose talks about the falling unemployment rate in Germany. The unemployment rate in Germany has dropped significantly in the past few months and is lower than the unemployment rate in 2008. This drop in unemployment has cause the Euro to go up .13 cent which is a good to help boost the economy and make the Euro stronger against other foreign currency. This article is significant in our time because we here in the United States are going through a tough time with our ever increasing unemployment rate. Even though Germany is a much smaller country than the U.S. we could possible learn something from their recent success in dropping their unemployment rate. Germany’s success is based on the adding more short term jobs and reducing the work week to help reduce unemployment during the recession. This was a government sponsored program to help reduce the cost on employers and the government paid the rest of the cost for the reduction in work. Companies like BMW and Heidelberg Cement AG were able to increase the number of temporary jobs to help stimulate the economy which proved successful in their financial 2nd quarters. This relates to a lot of discussions that we have in class that were based on unemployment. Even though it is a totally different country they...
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...people such as Proportional representation, Article 48, Unemployment, Weimar constitution, Hyperinflation. The importance is that the government was rushed as the germans were desperate to get out of a horrible time and, therefore, did not have enough time to set up the government in the right form nor have the structure that a long-term government should have...
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...of a horrific genocide. Today, Germany dominates Europe on many levels. Participating in two world wars caused havoc on Germany’s economy and for many years, their future seemed bleak. They rebuilt their economy with great success. While most of Europe entered recession in late 2008, Germany was going from strength to strength economically. These topics are very relevant to our personal lives, not a day goes by without the economic state or fiscal crises being mentioned in the various forms of media. These issues affect us directly. Germany as a whole has developed greatly in recent years, in it’s society, it’s economy and other important areas. In my speech I will address many points that discuss Germany’s evolvement into a European economic superpower. I will discuss most importantly the history of Germany in the European Union and how it’s connected to the role of the economy in German history, exploring how Germany has developed in areas such as foreign policy, Gross Domestic Product and Inflation figures, the great divide between East Germany and West Germany after World War II and then Reunification. I will explore and refer to journals, books and popular press sources in Germany throughout my speech. After the First World War, Germany was left in a vulnerable state. Germany was economically devastated after a gruesome defeat in World War I. The economy was completely ruined. The Versailles Treaty didn’t help matters and forced Germany to give up 13% of its land, a...
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...Country Report GERMANY By: Arun Sareen Content Content 2 1. Introduction: Germany at a glance 3 Graph 1.1: World’s largest economies by GDP 3 Graph 1.2: Key economic indicators in Germany since 2000 4 2. Germany’s economy in the lead up to the crisis 4 Table 2.1: Economic data since unification of Germany 5 3. Impact of the crisis in Germany 6 Graph 3.1: Exports in German compared to largest global exporters since 2000 7 Graph 3.2: Germany vs US employment data 8 4. Recovery of the German economy 8 5. Conclusion 9 6. References 10 Introduction: Germany at a glance Germany is a major economic and political force within Europe, and a founding member of the European Union (EU) since 1993. With a population of 82.1m and a Gross Domestic Product (GDP) of €2.5b, Germany is the most populous member state of the EU and has the largest national economy in Europe (EU website, 2014). As indicated in Graph 1.1 below, Germany also has the fourth largest economy by real GDP globally (behind the US, China and Japan) and is the third largest exporter in the world. Graph 1.1: World’s largest economies by GDP Source: International Monetary Fund, World Economic Outlook Database, April 2014 Exports make up approximately one third of Germany’s GDP and are driven by a strong industrial base. Germany is a major producer and exporter of automobiles, transport equipment, mining products, electronic and communications equipment, chemicals and pharmaceuticals...
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...Contents 1.0 1 INTRODUCTION 1 1.1 BACKGROUND OF GERMANY 1 1.1.0 PEOPLE AND SOCIETY OF GERMANY 1 1.2 INTERNATIONAL TRADE STATUS OF GERMANY 2 2.0 INTERNTIONAL TRADING WITH OTHER COUNTRIES 3 2.1.0 GERMANY’S INTERNATIONAL RELATIONSHIP WITH FRANCE 5 3.0 Data collection and Analysis 6 3.1 Data collection 6 3.2 Analysis 7 3.2.1 IMPORT 7 3.2.2 EXPORT 8 3.2.3 REAL GDP 8 3.2.4 INFLATION 9 3.2.5 UNEMPLOYMENT 10 3.2.6 INTEREST RATE 10 3.2.7 EXCHANGE RATE 11 3.2.8 BALANCE OF PAYMENT 11 4.0 IMPORT AGAINST REAL GDP 12 4.1 IMPORT AGAINST CPI 12 4.2 IMPORT AGAINST UNEMPLOYMENT 13 4.3 IMPORT AGAINST INTEREST RATE 13 4.4 IMPORT AGAINST EXCHANGE RATE 14 4.5 IMPORT AGAINST B.O.P 14 4.6 EXPORT VS REAL GDP 15 4.7 EXPORT VS CPI 15 4.8 EXPORT VS UNEMPLOYMENT 16 4.9 EXPORT VS INTEREST RATE 16 4.10 EXPORT VS EXCHANGE RATE 16 4.11 EXPORT VS B.O.P 17 4.12 IMPORT VS OTHER FACTORS 18 4.13 EXPORT VS OTHER FACTORS 18 5.0 ISSUES AND CHALLENGES OF GERMANY 19 5.1 Exporting German Troubles 19 5.2 Industrial Competitiveness 19 5.3 Paying for Europe 20 6.0 RECOMMENDATION AND CONCLUSION 21 6.1 RECOMMENDATION 21 6.2 CONCLUSION 21 References 22 1.0 INTRODUCTION 1.1 BACKGROUND OF GERMANY Germany which is otherwise called the federal republic of Germany which is additionally the parliamentary republic in the western-focal piece of Europe which comprises of 16 bodies electorate and which has held its predominance. Its capital is Berlin and its landmass covers a zone of 357...
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...the government. Each stakeholder may have differing views about mandated severance pay, government intervention, and who would benefit most from a law requiring companies to offer long-term employees a minimum of six months’ severance pay when laid-off or having their job terminated. Severance pay is compensation that an employer provides to an employee who has been laid off, whose job has been eliminated, who through mutual agreement has decided to leave the company or who has parted ways with the company for other reasons. In addition to pay, severance packages can include extended benefits, such as health insurance and outplacement assistance to help the employee secure a new position. Severance packages differ from unemployment benefits. Unemployment benefits are paid by the government, while severance pay comes from each specific employee’s company. Severance pay puts the responsibility of benefits on the firms, making them more socially responsible and taking a burden off of the states and the government, a burden that many states are feeling especially the last couple years coming off of a recession. We will be arguing that businesses should be required by law to provide six months of severance pay to long-term employees who are laid off due to outsourcing or corporate restructuring. In this paper, we will discuss why the United States of America should adopt laws requiring companies to offer severance pay to employees who have been laid off or lost their jobs unfairly...
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...Article Introduction: Causes, consequences and cures of union decline European Journal of Industrial Relations 17(2) 97–105 © The Author(s) 2011 Reprints and permission: sagepub. co.uk/journalsPermissions.nav DOI: 10.1177/0959680111400893 ejd.sagepub.com Alex Bryson NIESR and Centre for Economic Performance, London, UK Bernhard Ebbinghaus Universität Mannheim, Germany Jelle Visser Universiteit van Amsterdam, The Netherlands In 2000 the political leaders of the European Union declared that strong economic growth and advance towards a knowledge society, together with a high degree of social cohesion, would be the pre-eminent goals for the subsequent decade. A question never asked was what would happen, and what remedial action would be taken, should the conditions conducive to growth and the knowledge economy conflict with the political and institutional underpinnings of social cohesion. What if strong employment growth turned out to be founded on the destabilization of the standard employment contract, or if the advance towards a knowledge economy brought about a sharp rise in social inequality and polarization between skilled and unskilled workers and between those with and without stable jobs? Would trade unions be willing and able to counteract or attenuate such trends and bridge the differences between the new haves and have-nots? Or would they be marginalized, slowly but irreversibly, together with the stable employment relationships...
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...How stable were the ‘Stresemann Years’ of the Weimar Republic, 1924-29? Timeline: 1924: May: Nationalist vote increases in Reichstag elections August: Reichstag accepts the Dawes Plan 1925: February: Death of President Ebert April: Hindenburg elected President October: Locarno Treaties signed 1926: September: Germany admitted the League of Nations 1927: August: Commercial Treaty signed – between France and Germany 1928: May: Number of socialist votes in Reichstag election increase 1929: September: Allies begin military evacuation of the Rhineland October: Stresemann dies December: Referendum upholds decision to adopt Young Plan. Relative Political Stability * This period of the Weimar = absence of attempts to threaten republic * However – no political stability = parliamentary system failed to develop * Main reason for no development: Coalition government = not enough support to tackle issues that faced democracy (blame with political parties) * Some parties still acted as interest groups representing own sectional group rather than national parties government (due to their inexperience in forming govt) * Due to PR – parties need to be cooperative [eg. DVP’s association with business interest made them refuse coalition with SPD in 1926] – therefore frequent political paralysis * Inability to cooperate = inability to tackle social/economic problems * Therefore not really politically stable Chancellor’s of the Weimar...
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...“The Great Depression (1929-39) was the deepest and longest-lasting economic downturn in the history of the Western industrialized world” (The Great Depression-History.com 2012). The great depression is said to have begun after the First World War, It was a time of hardship and uncertainty. Although the great depression began in the United States it spread throughout the globe and affected almost every country. It brought about drastic declines in output, severe unemployment, and serious deflation. Many countries such as Britain, Germany and France came out of the war with large debts to pay, this was due to the fact that they had been borrowing from The United States of America, after its entrance into financial crisis the rest of the countries depending on its financing would inevitably enter down turn and face similar crisis. World War 1 also left many industrialized countries weak and in large debts, they needed to finance the rebuilding of their economies and industries that were damaged during the war, this made it harder for them to recover. There are a number of explanations to as what brought about the great depression in 1929. These are structural and monetary weaknesses as well as a number of specific events that enhanced the effects from one country to another and eventually to all major industrialized countries. What Caused the great depression? The depression was also said to have partially started with the crash of the stock market in...
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...I. Introduction What is a trade union? The definition of a trade union varies in different countries. A commonly used definition of a trade union is by Webbs (1984), which states that a trade union is “a continuous association of wage earners for the purpose of maintaining or improving the conditions of their employment”. Trade unions were well-received by the workers during the age of the industrial revolution. During that period of time, workers are in a weaker position as they do not have the power to choose their job, as opposed to their employers choosing their workers (Williams and Adam-Smith 2006). Labours are mainly made up of unskilled or semi-skilled workers. Unskilled workers do not possess any skills thus having the weakest power in employee relations. Semi-skilled workers on the other hand possess some firm-specific skill which gives them some power like in wage settings (Grosfeld and Nivet 1999). Since the goal of the employer is to employ workers at the lowest cost and workers have weak power, they are unable to secure a good wage or benefits. There is also managerial prerogative in which managers have “the right to manage” because they are the “legitimate agent of the employer” and have the possession of certain skills (William and Adam-Smith 2006) resulting in workers having no voice in decision-making. As a result of the difference in power between workers and employers and the lack of voice in decision making, this entices workers to join a trade union. ...
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...Country Risk Analysis Germany By: Matthew Duby 103805300 Brett Benson 103682527 Due: Monday, March 30th Addressed to: Dr. Gunay Table of Contents Introduction……………………………………………………………………………………3-4 Supporting Information How does Germany’s bond yields compare with other countries?………………….................4-5 What is the rating of Germany’s government bonds?…………………………………………5 What are Germany’s interest rates (short, intermediate, long-term)…………………………..6 Who are Germany’s top 3 trading partners? Are they the same for imports and exports?........6-7 What is Germany’s current account balance? Has it been a surplus in the past few years?......7 Why might Germany be running a surplus?...............................................................................7 Are their top three trading partners running a current account surplus or deficit?....................8 What is Germany’s population, GDP, unemployment, money supply growth and inflation rates?......8 Do you think interest rates in Germany are going to increase or decrease? Why?....................9 Do the trends have a positive or negative outlook?...................................................................9 Do you expect Germany’s exchange rate to appreciate or depreciate against the USD?..........10 Conclusion With the acquired information, would you invest in Germany’s T-bills?..................................10 Was your hypothesis confirmed? What did you learn?...........................
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...international, domestic, and personal. Several sources talk about this, but some do exceptionally well in providing accurate information. One of these sources is BBC’s article “Hitler’s Rise to Power.” This source is valuable because it provides accurate, relevant information in an organized and easy to read way. This source provided information that became a major part of the investigation. It provided a brief overview of all of the factors in Hitler’s ascent to power. This article has facts that motivated more in depth research. Another thing that made this article valuable, other than the...
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...Effects of the Great Depression on other countries During the Great Depression there was a worldwide economic decline in government tax revenues, prices, profits, income and international trade. Unemployment grew at high speed and political upturn developed in many countries. While many first think the Great Depression only affected the United States, it largely affected and involved many countries throughout the world. Every country had direct or even indirect ties; both industrialized countries and those which exported raw materials were hurt and affected as a result of America’s collapsing economy. One of the worst-hit was Canada, because of its economic position. The Great Depression that started in the United States in 1929 quickly reached Canada. At the time, Canada’s economy was just starting to shift from primary industry to manufacturing. Exports of raw materials drop, and employment, prices and profit fell in every sector. It was further affected as its main partners were Britain and the United States. Between 1929 and 1939 the gross national product dropped 40%. Unemployment reached 27% at the depth of the Depression in 1933. Canada did have some advantages over other countries, especially its extremely stable banking system that had no failures during the entire depression, compared to over 9,000 small banks that collapsed in the United States. But, at the same time, was hurt badly because of its reliance and other commodities, whose prices fell by over 50%,...
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...after that- Germany. (Heiden, 142)' Adolf Hitler spoke these words in 1920, soon after becoming leader of the newly named National Socialist German Workers' Party, commonly known as the Nazi Party. There are many contributing factors, which lead to Hitler's gain in power over the next thirteen years. The recent history of post-war Germany, and the events that would follow were of perfect conditions for the rise of an extremist party such as the Nazis. World War One had left Germany in defeat. Germany was put under immense pressure by the treaty of Versailles, which contributed to the disastrous and politically unstable early twenties. Hitler was a strong and manipulating character, with extraordinary leadership skills and his party was very tactical. He was very much underestimated by opposing political parties. All of these factors lead to Hitler and his Nazis' becoming the sole political party in the Reichstag in 1933. The German Empire was formed in 1871 and soon became one of Europe?s most influential countries. It dominated in industrial and military power, and the German people were proud of their achievements. Up until the end of World War One, a Kaiser ruled Germany. From 1888 the Kaiser was Wilhelm II. He was very ambitious and militaristic and a threat to other countries. The German people were very accustomed to success, and when Germany was defeated in World War One, they were shocked and angry. The Weimar Constitution was drawn up to help Germany bounce back...
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...The prostitution model and social integration of prostitutes in Latvia and Germany 1.Introduction Prostitution is the long known act of providing services that are typically sexual in nature to other persons in return for payment and is the oldest branch of the sex industry. The liabilities and legal status of prostitution varies from country to country and not only in Europe, being a punishable crime in one to a regulated activity in the other. Choosing to compare Latvia and Germany in their policies towards prostitution was not an unintentional occurrence. Today combating consequences affiliated with prostitution such as human trafficking is a means of protecting human rights and tackling the issues of working conditions that are harmful to health, unacceptable or dangerous. At stake there are the rights of those women and men who earn their living through prostitution based on an autonomous, rational decision and to some extent conditioned by serious personal difficulties such as violent backgrounds, predicaments such as debt, or very limited options caused by social exclusion, unemployment or social cleavages resulting from the EU enlargement. They are confronted with widespread discrimination and have no lobby unless they come into the “victim of trafficking” category Since 1 January 2002, Germany has adopted the Act Regulating the Legal Situation of Prostitutes in an effort to improve the legal situation of sex workers by permitting self-employment and the...
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