The actor of the title The Death of Economics points that economists has not a clue what is going wrong with worlds economy. The seed with this paper try to offer for us the possible answers to the motion - why the world economic is f aloneing apart?
Firstly, the writer points that the reason might be the trade gap mingled with United States and Japan. The similar economical point is also in Ger umteen. The possibility of this economical slur might be raise many years ago, when countries were in communism regime. I differ for this, because nowadays Japan has worlds third largest economy status.
Secondly, the author bite attention that the biggest economic disaster at the end of twentieth century was the emergence throughout the industrialized nations of a wide and permanent underclass of unemployed. I agree because in my opinion, this situation has been an economical barrier all the time, only difference is the dimension of these unemployed, what on some periods is larger then in other.
Thirdly, the author points, that the cheap labour from the East might be sensation of reasons for this economical situation. I agree with this author opinion. I estimate that it is one of the biggest problems in the world in nowadays. The companies argon more than willing to employ immigrants not their own country people.
They found this decision because it is more cheaper to employ immigrants. The consequences of these companys decisions are the increase of the unemployment of local population what promote the economical recession.
Fourthly, in lot of countries, people working for far below the b beau mondeline wages. In some countries mostly in Africa, people all the time are living with the minimum wages, they dont have any choice to get more many to provide their families. In lot of Europe countries is the similar situation businesses use the situation that employers dont want to tolerate their living place, their families, that is why they choose to pay less currency of the work what they...If you want to get a full essay, order it on our website: Ordercustompaper.com
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