Formal Credit for Informal Sector - Reducing Unemployment Dr. S. Rajamohan Professor, Alagappa Institute of Management, Alagappa University, Karaikudi and Mr. D. Durairaj Ph.D Research scholar, Alagappa Institute of Management, Alagappa University, Karaikudi ABSTRACT Unemployment as one of the macroeconomic problems could be reduced through the formal credit for informal sector participation provided it is well supported and managed. The informal sector in itself may not be
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from consumers of its goods and services, the business is able to expand, create more revenue and hopefully become a successful, profitable company. The growth for small businesses in our economy is vital, especially during tough times of high unemployment rates. The SBA states, small business firms with fewer than 500 employees drives the U.S. economy by providing jobs for over half of the nation's private workforce as well as making up more than 99.7% of all employers. Also, small businesses are
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SAMPLE LEGAL MEMORANDUM TO: Professor Pruitt FROM: Cristopher L. Butler DATE: 6-26-2012 SUBJECT: Natalie Attired Unemployment Compensation Claim. STATEMENT OF FACTS July 2010, Ms. Natalie Attired filed and was denied unemployment compensation benefits on the grounds of “misconduct”. May 2009, Ms. Attired began employment with Biddy’s Tea House where she received work performance evaluation every 3 months during her time of employment. Ms. Attired received a total of four evaluations
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“In the Bahamas, youth unemployment have doubled from 14.9 per cent in 2001 to 32.3 per cent in 2013 for job seekers aged 15 to 24)”, a rate double that of the overall nation’s. “Further analysis within the 15-24 age group show that unemployment is particularly high among 15-19 year-olds seeking a job (42 per cent versus 24 per cent for those 20-24),” the IDB added, highlighting the
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mean higher unemployment in uncompetitive countries. For a small, open economy like Ireland, the solution to unemployment caused by competition from abroad is to capture large economies of scale. This can be achieved by focusing on becoming the world leader and largest producer in a small, specialized segment of an established industry. For instance, supplying specialized inputs for the car manufacturing industry or parts of a computer processor. Another cause of unemployment is immigration
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Content 1. Introduction………………………………………………………………2 2. Labor market in Sri Lanka………………………………………………..3 3. Youth employment and unemployment in Sri Lanka…………………….7 4. Policies for youth unemployment……………………………………….11 Supply side: improving human capital Education and training Guidance and counseling Job placement and labor mobility Demand side: creating job opportunities Job creation and public work Job prospects for youth in information economy Promoting self-employment and supporting small
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Economic Effects of the Unemployment Insurance Benefit Business Review Shigeru Fujita July 30, 2010 The views expressed here are those of the author and do not necessarily represent the views of the Federal Reserve Bank of Philadelphia or the Federal Reserve System. This article is forthcoming in an issue of the Federal Reserve Bank of Philadelphia’s Business Review. overall economy itself has started to grow again after the deep recession. For example, in the fourth quarter of 2009, the average
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One policy that this essay will cover as a way to reduce the unemployment level is monetary policy. Monetary policy is the manipulation of interest rates and more recently quantitative easing to control the economy. For the UK, this is run by the ‘Monetary Policy committee’ within the Bank of England. At the moment, interest rates are at 0.5%, which is very low and the committee intends to make the most of this by using this to create an increase in consumption. If interest rates are low then it
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spatial disparities in unemployment within national economies is a central issue in regional economics. Explanations that exist within the literature for why regional unemployment disparities have been so much more persistent over time in the EU than in the US can be broadly separated to the hysteresis and equilibrium arguments. Before illustrating the analysis and strength of these arguments it is important to ascertain the scale of persistent unemployment disparities across EU regions
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the last decade impact the unemployment rate in Germany? – A strong flexible labor market When Gerhard Schröder took to the podium in the Bundestag on March 14th, 2003, Germany was called the “sick man of Europe”. A widespread assumption was that unemployment could never be defeated, The Economist Introduction: The German labor market experienced remarkable transitions during the past decade. In the beginning of the millennium, Germany was a country with an unemployment rate (see appendix 1) ranging
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