Seeking Economic Growth with Long Run Interest

Seeking Economic Growth with Long Run Interest Pursuit of economic growth For any country, in order to develop it is essential that it has to produce many goods and services. Economic growth is the main target that every country is aiming for. However, the road for the growth of economics for any country has its gains and problems. This essay will examine the advantages and the disadvantages of pursuing the economic growth in the long run interest. In order to examine to topic, it is important to how to measure economic growth and why economic growth of a country happens. Economic growth is measured by the annual percentage rate of a country’s Gross Domestic Product (GDP), which is determined by the market value of goods and services which are manufactured by the economy during a certain period of time. It is considered to be â€Å"the most fundamental indicator of an economy’s health† (The guardian, 2006)(1). For example, United Kingdom, which is a developed country, has a GDP level of 2.472 trillion dollar by 2012 (Worldbank)(2). The main reason of economic growth is the consistent growth of demand. This can be caused by an massive growth of money expenditure. This is because if the government lowered interest rates to try and make people buy more and spend less. People will go out and borrow money to buy houses and cars, which they would normally not be able to afford because their income cannot help the m to pay with normal interest. This results in economic growth. However, this only can help countries to pursuit economic growth in the short run. In order to pursuit in the long run, there are number of requirement that needs to be met. Firstly, natural resources are important, especially land. If a country has many natural resources, this will give it a strong boost in the pursuit. Secondly, in a world nothing is free; it is required capital to pursuit the growth. Thirdly, the greater the level of growth, the more demand from the labour. Government need to spend more government expenditure (taxes) on education in order to help people to have more business skills, which is essential in the long run. Every issue always has two-side. Economic growth also has benefits and drawbacks. On the one hand, there are a number of advantages for pursuit economic growth. First, economic growth helps the people to increase their income. The more economic growth gets, the higher demand for labour require producing more goods and services, which means more job opportunities. Economic growth will make people want to consume more. If the rate of population growth is smaller than economic growth outstrips population growth, real income per head will be increased. This may result to a higher level of consumption of goods and services which is required to satisfy because people now have more money to spend. Consequently, higher expectations will begin to appear. Organisations will need more investment in order to improve their productivity. Investment is required to make improvements and make the obsolete disappear. The more economy grows the more investment it will attract because country with high GDP rate brings more confidence to investors. Because of the rise in demand, the level of output will be increased. In order to meet the targets, firms will need more labour workforce. Therefore, more people will be employed so people .Consequently, people are able to afford higher quality goods and service to satisfy their needs. Furthermore, the level of unemployment will be reducing due to the higher outcome manufacturer require more labour forces. Secondly, economic growth also improves better standards of living. With the increase of consumption of goods and services, society gets more money to improve standards of living. Economic growth helps government to differentiate income from the rich to the poor without losing. The money gained from taxes can be used to fight against poverty and improve services. Government can spend more money on public services such as National Health Care (NHS), education and the environment†¦ With more money which is spent on health care servi ce, this improves quality of life through treating diseases and life expectancy. With the increase quality of health care, people can live longer. Therefore, it is possible to produce more goods and services. Education is the most crucial determinant element of welfare. The more money is spent on education, the higher goods and services organisations can manufacture due to higher degree of workforce. Furthermore, education makes people understand the importance of preserving the environment. When people became richer, people are able to afford to take care of the environment. People are more concerned about the environment where they are living. Therefore, new regulations have been introduced by the government to ensure that people have a clean environment (for example, the Clean Air Act to prevent the Great Smog in 1952 from happening again). With the increase of real GDP, people can use more resource to limit the use of natural resources and promote renewable resources. The govern ment can promote recycling through education. However, economy growth still has downside despite its advantages. On the other hand, it cannot be denied that there are a number of disadvantages because of economic growth. Firstly, the risk of high inflation always comes with economic growth. If demand is more than supply, this will make the price set to increase. This happens to most developing countries with high population level. India is a good example to examine. India is one of countries which has high population level and has a booming economy. However, with the high demand which is more than supply the price has been risen. Therefore, manufactures with higher cost have to raise the price of their goods and services too. It is said that â€Å"India has been struggling to control what is Asias highest inflation level, which was running at about 10% last year† (bbc, 2014)(3). This make rupee which is currency of India loses its value by 14%. Two-third of the population of India only has two dollars to spend a day. Due to the lack of income, people in India have to consume less goods a nd services, which may lead the close down of factories. This make the unemployment level go up significantly. This may leads to an increase in crime However, if the factories are not closed, people will have work more hours to produce more goods to reach the point that supply is equal to demand. Consequently, this will make employees upset. In order to deal with the rise of inflation, the Indian government has to increase the interest rate (ft, 2014).(4) Therefore, the inflation will fall. This will helps the Indian government in order to lower the demand, which will make price go down. Secondly, economic growth might cause unemployment. In order to produce more goods and services, people are always looking for new ways to increase productivity. This makes the economy become more industrial. Therefore, no matter how talent employees are or have many years of experiment, they will always become obsolete. Also, with development of technology machines now can manufacture more than hum an, which is reduced cost in the long run. Therefore, old obsolete job will be replaced by new job. This may result in high unemployment rate. Thirdly, economic growth may make the gap between the rich and the poor become wider. People who have high level of skills will look for job which pay them most in order to be satisfied. Therefore, people always tend to go to developed country so they have can have the job they want. For example, people who have high level of experiment will not stay at Greece which is in crisis and look for job opportunities. They will go to other developed countries such as United Kingdom, Germany, or Spain in order to get the job which they want. Consequently, developed countries always have more and better staff than developing countries. So, developed countries will always produce more goods and services. This makes the gap between them become wider. Finally, economic growth always results in pollution. With the demand to produce more natural resources w ill be forced to be run out. The resource of the world is limited. For example, trees will be cut down more in order to build more factories to manufacture, which leads to deforestation. Therefore, the level of CO2 which is released into the atmosphere will increase significantly. It cannot be denied the global warming has become one of the most serious environmental issues that we have to deal with. Because of the rise of temperature, the Arctic ice has melted. Consequently, this threats not only to coral reefs worldwide but also to land resources, which means we will have less land to use. In order to pursuit economic growth, both developed and developing have already damaged the environment. Most of the developing countries used to have problems with air pollution. For example, in 1952, England had suffered air pollution. The smog had killed many people. To prevent this disaster from happening again in the future, the Clean Air Acts of 1956 and 1968. It is said that â€Å"these acts banned emissions of black smoke and decreed residents of urban areas and operators of factories must convert to smokeless fuels† (metoffice).(5)For developing countries, water pollution is the main problem. Many factories decided to reduce their cost by pouring industrial waste into the river. For example, in 2008, the authority had discovered that Vedan Vietnam which is a company produce monosodium glutamate (MSG) had been illegally released wastewater in Thi Vai River for 14 years, which killed the river’s system. This results not only in the death of thousands shrimps and fish of farmers but it also ruined farmland along side of the river. Furthermore, it affected the health the farmers who live near river.(abc,2010).(6) In conclusion, after examine the benefits and drawbacks of pursuit economic growth, continuing growth in the economy would let the countries to gain many potential benefits such as raising the living standards, reducing the level of unemployment and attract more investment into the country. Nether less, it cannot be denied it has many drawbacks. However in saying this, different circumstances and scenarios require different approaches. Every country must pursuit economic growth with the right pace. If the growth goes too rapid, the risk of high inflation rate will become higher. Therefore, the governments play an important role in the pursuit in the long run. They needs to spend more money on public sector such transport, communication and health care. They also need to control the interest rate to prevent the inflation rate from going up too high. And finally, strict regulations need to be introduced in order to preserve the environment and it is crucial to invest more money into re search alternative in order that alternative energy will replace natural energy. Reference Sally Bolton and Stefanie Khaw. (2006).economic growth.Available: http://www.theguardian.com/business/2006/jul/10/ukeconomy.globalrecession. Last accessed 16th feb 2014. Available at http://data.worldbank.org/country/united-kingdom. Last accessed 16th feb 2014. India raises interest rates rise to stem inflation.Available: http://www.bbc.co.uk/news/business-25923743. Last accessed 16th feb 2014. Amy Kazmin. (2014).India raises interest rates to combat inflation.Available: http://www.ft.com/cms/s/0/18dc0d04-87e7-11e3-a926-00144feab7de.html#axzz2tcm66adN. Last accessed 16th feb 2014. The Great Smog of 1952.Available: http://www.metoffice.gov.uk/education/teens/case-studies/great-smog. .Last accessed 16th feb 2014 bo hill. (2010).Firm pays up after pollution destroyed river.Available: http://www.abc.net.au/news/2010-08-12/firm-pays-up-after-pollution-destroyed-river/942224. Last accessed 16th feb 2014 lipsey chrystal (2011).economics. 12th ed. oxford: oxford university press. 601-624.

A Visual Art Creation Essay

â€Å"Adrift† is the title I would like to give to the painting I would make. The painting will feature a sailboat several miles from the seashore and seagulls flying across the sky. To create the painting, I will be needing oil paint, a canvass, paintbrushes with varieties of thickness and sizes, a canvass stand and linseed oil. There are several skills that I need to use. These skills include the abilities to create shadows and to make proper color combinations. The duration of the painting process will take about two weeks. This timeframe shall cover the basic oil painting procedures such as letting the oil paint on canvass dry before painting another layer for the visual objects. It shall also cover the time needed to make certain adjustments or amendments to the painting with regard to its colors and shadows. A majority of the lines that shall be used will include fine curved lines. These lines shall make up most of the sea waves, the sailboat and the seagulls. Due to the nature of the subject of the painting, the predominant shape will be triangles, particularly as regards the sailboat and the sea waves. Also, the main color of the painting shall be blue. Different hues, values and intensities of the color blue shall be used on the sea and the waves, the seagulls, the sky as well as parts of the sailboat. The image of the distant shorelines shall also be shades of blue. As regards form, the painting shall feature organic forms such as the form of the waves. Needless to say, the painting shall also include geometrical forms particularly the triangle with regard to the sailboat. The texture of the subjects of the painting shall simulate the smooth gliding of the waves as well as the hardness of the sailboat clashing with the waves. As far as the principle of unity is concerned, the painting shall be made complete by placing the sailboat in the middle of the canvass while the sea waves shall comprise the lower half of the painting. The distant shorelines shall be a little above the middle horizontal section of the canvass. Apparently, emphasis shall be given to the sailboat as well as the sea waves. The sailboat shall be situation at the center of the canvass. Less emphasis shall be given to the fading distant shorelines. The sailboat shall be larger in proportion as compared to the shorelines so that the effect of distance can be created. That is, the sailboat shall be made to appear closer to the viewer’s perspective and the opposite shall be of the shorelines. As regards pattern, the sea waves shall be painted in such a way that they reveal several patterns that differ in terms of movement and direction. Waves proximate to the sailboat shall be in an upward direction to emphasize their collision while waves distant to the sailboat shall be in a seemingly consistent horizontal flow in order to emphasize the lack of external disturbance from other objects. To achieve balance, the horizon line shall be positioned right across the middle line of the canvass. Also, the sailboat shall be painted at the center of the canvass so that it does not alter the weighting of the objects in the painting. Seagulls flying in the light blue sky shall provide a counterbalancing effect to the movement of the sea waves in the lower half of the canvass. After the painting is done, it should look like this: the predominantly white sailboat is at the center, the sea gulls are flying in the morning sky, the sea waves are moving peacefully in the distance while those close to the sailboat are moving more forcefully, and the horizon line equally divides the upper and lower portion of the canvass. The colors shall be composed of the different hues, intensities and tones of blue. The shadow of the sailboat shall reflect on the sea while the distant shorelines shall appear like a faint sheet of bluish cloth spread from left to right of the painting.

Never Before Told Stories About Essay Topics for American Art of the Civil War You Must Read

Never Before Told Stories About Essay Topics for American Art of the Civil War You Must Read If You Read Nothing Else Today, Read This Report on Essay Topics for American Art of the Civil War The Federal Reserve played a huge part in the Great Depression. He chose to keep it unfinished. Now, however, you need that additional boost to safeguard your essay about the Civil War earns the greatest possible score. What was the reason for the Great Depression. She is having the superior excellent vocal. You should laminate these pages or set them in page protectors since they ought to get tons of usage. She has released the collection of musical albums on the planet and she's famous one for her hot appearance. The few listed genres, but do not underestimate the presence of many others. This is particularly true if you're in high school or college. Some teachers in traditional classroom settings will have the ability to use the resources from the conclusion of the month. Studen ts must be in a position to see both books, but they most likely don't need to get their own books since they won't be writing inside them. A parent with a single child ought to be in a position to work from 1 set of books. If You Read Nothing Else Today, Read This Report on Essay Topics for American Art of the Civil War Art in america today covers a big selection of fashions. America is among the oldest nation in the world. All these factors in the creation of america molded the literature of the nation. Parents could need to explain a number of them to younger students. Essay Topics for American Art of the Civil War - What Is It? Nevertheless, it seems best if you are able to use all 3 components. He invested a terrific deal of time portraying a wide number of American birds, showing them in their natural environments. Tons of various topics in every single field can be modified to your specific conditions. Discuss its advantages on the folks. When interpreting of theConstitution, there were two distinct iadeals on the function of the federal government. Inquire into the terms by itself and make sure that chronological order is adhered to. Therefore, you will definitely should revise your content upon evaluation. Ideas, Formulas and Shortcuts for Essay Topics for American Art of the Civil War He died in 1564 at age 88. The entire collection of 26 can be discovered in the Florida Artists Hall of Fame, in addition to various highwaymen and Florida art sites. He was perhaps the ideal artist in the 20th-century era. In this column, I'll examine some of the most famous Western artists of the 19th century. Facts, Fiction and Essay Topics for American Art of the Civil War That's an entirely different question. However, it's certainly not the ONLY cause. The reply isn't as easy as many might think. Find out more about this worldwide issue and become prepared for any kind of debate on the subject! After providing a discussion of each one of these causes, describe how they might or may not have interacted with one another. Below, you will discover an impressive collection of research paper topics on slavery. These figures generally have heavier brows and are less ornamented than Nok figures, but there's undeniably a link even if we're yet to totally comprehend the connection between both seemingly isolated cultures. See our FAQs to find out more. In general, most historians indicate that slavery was a cause for the civil war, but it's obvious that it wasn't the most important cause, though everything fell back on slavery, by way of example the financial differences, the South relied heavily on slavery. Since the problem of slavery spans all three of these categories, it's widely regarded as the key reason for the war. This was only true for a few Southerners, in spite of popular belief only a little proportion of men and women in the south owned slaves. Arguably the over all consensus is that slavery was the key reason for the civil war. Everyone adores an excellent painting. History repeats itself, and it is very manifest in paintings. Additionally, it has grown into one of the most parodied paintings. Because most famous paintings mean to have.

A Christian Missionary Named Bartolome De Las Casas

Question #2 In 1542, a Christian missionary named Bartolomà © de Las Casas wrote about the little-known realities of the brutalities occurring in the New World between Spanish conquistadors and Native Americans. Even though the Spanish originally set out to bring Christianity to the New World and its inhabitants, those evangelizing efforts soon turned into torture, mass killings, rape, and brutal slavery of the innocent natives to fulfill their greed for gold and wealth, according to Las Casas. In his primary account A Short Account of the Destruction of the Indies, Bartolomà © de Las Casas attempts to inform King Phillip II of the cruel acts and injustices committed by the Spanish conquistadors. Despite this condemnation, Las Casas does not reject imperialism, because he feels Spain has the obligation to spread the word of Christianity around the world. Instead, he finds fault with the Spanish conquistadors for implementing this evangelization the wrong way, by both physically harming the Nat ive Americans and, fundamentally, in their underlying perception of them as inferior. Furthermore, the key to the coexistence of imperialism with Las Casas’ Catholic ideas and his defense of indigenous peoples lies in considering and treating these Native Americans as equals and as humanity rather than inferiors. Right from the beginning of his letter, Las Casas demonstrates his interest in the potential conversion of Native Americans to Christians. 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