Page INTRODUCTION 2 Economic growth and living standards in Malaysia. 3 -7 Unemployment in Malaysia 7 - 10 Inflation in Malaysia 10 - 12 Summary 13 References 13 -14 1. Introduction Macroeconomics can be best understood in contrast to microeconomics
Words: 3314 - Pages: 14
GLOBALISATION AND HIGHER EDUCATION DEVELOPMENT: A CRITICAL ANALYSIS RUI YANG Abstract – This article sets out to analyse critically the nature of globalisation and how it is affecting higher education. The author first reviews the nature of globalisation, and then examines its international impact on higher education development. He contends that globalisation is predominantly economic, and points out that global exchanges in the economic, cultural and educational domains continue to be unequal
Words: 9997 - Pages: 40
more detailed here are some key criteria that we should include to valuate well-being: Material living standards (income, consumption and wealth); Health; Education; Personal activities including work; Political voice and governance; Social connections and relationships; Environment (present and future conditions); and Insecurity, of an economic as well as a physical nature. That is the overview of well-being. What about the effectiveness of GDP in measuring societal well-being? To answer this question
Words: 1727 - Pages: 7
concentration of wealth; in the top 1%; unemployment and economic stress in the “Great Recession;” the deeds of Wall St. in the financial crisis; the influence of the big money in politics; the foreclosure crisis and predatory lending; inequalities linked to race, ethnic origin, gender, sexual orientation, class origin, disability, or immigration status; global poverty and differences in wealth between nations; inequalities in access to education and health care; attempts to remedy inequality via affirmative
Words: 2404 - Pages: 10
book “Aftershock: The next Economy and America’s future” from presenting well known cause of 2008 economic crisis: ““For too long,” Geithner says, referring to the period leading up to the financial bust, “Americans were buying too much and saving too little.” However, soon it becomes clear that Reich has different point of view what really happened in the wake of the one of the worst economic crisis in world’s history. Author starts his argument by looking back to America’s history and analyzing
Words: 1546 - Pages: 7
France Source: data. World bank.org. Graph 6: The Comparison of the 2006-2014 unemployment rates of Australia, the United States and France Source: data. World bank.org. What evidence do the data provide of the countries experiencing economic downturns in recent years? On the basis of the data collected,
Words: 2147 - Pages: 9
macroeconomic causes of financial crisis in 2008. The economist had difficulty for seeing the systematic risk because of the unregulated new financial instruments such as credit default swap and derivatives securities. The Federal Reserve Bank was responsible for the financial crisis due to large amount of money flow in the United States. Thus, US needed to implement the monetary policy in order to overcome from the financial crisis. This paper drafted the causes of financial crisis analyzed by the macroeconomist
Words: 1904 - Pages: 8
Global Economic Crisis The global financial crisis (GFC) or global economic crisis is commonly believed to have begun in July 2007 with the credit crunch, when a loss of confidence by US investors in the value of sub-prime mortgages caused a liquidity crisis. This, in turn, resulted in the US Federal Bank injecting a large amount of capital into financial markets. By September 2008, the crisis had worsened as stock markets around the globe crashed and became highly volatile. Consumer confidence
Words: 5794 - Pages: 24
innovation or creativity in general because it covers very wide boundaries of impact from gay partnership to new ways of using mobile phone texting and from new lifestyles to new products and services. Why Social Innovation? The financial and economic crisis makes creativity and innovation in general and social innovation in particular more important to foster sustainable growth, secure jobs and boost household health in micro level. The reason social innovation has moved center stage over the last
Words: 1070 - Pages: 5
Economic growth ‘The super profit-style taxes’ on banks will crimp foreign investment as investors seek more profitable investment opportunities overseas which will lower aggregate demand resulting in lower economic growth and employment is the claim from banks. However, the idea that increased government spending from the taxes can be used to increase aggregate demand is missing from the article and the idea that ANZ have made a 27% jump from first quarter profits to an oversized $1.4 billion
Words: 1563 - Pages: 7
