Tuesday, February 18, 2020

Economics Project Essay Example | Topics and Well Written Essays - 8000 words - 1

Economics Project - Essay Example It is significant to understand that even though countries might be located in the same region, they may respond variously to financial crises and may have different capabilities to withstand their impacts. The section following the literature review will be dedicated to econometric results that will analyze the impacts of the financial crisis on key labour market performance indicators such as unemployment and employment rates. In investigating the severity of financial crises for economies at different levels of development, a re-estimation will be done on a model for sub-samples obtained from different income groups plus additional 15 transition countries (Griffith 2000). Financial crisis is an economic situation that relates to a panic in the banking sector, and includes a significant financial and production sector losses, leads to chaos on the international market, creates downfall of the stocks in the market, financial bubbles, currency crises as well as foreign loans and also leads to sharp declines in economic activity nd has a huge potential of creating an economic recession (Marelli, Patuelli & Signorelli 2012). The 2007-08 financial crises affected the whole world. The Global financial crisis started in 2007 with ‘subprime crisis and then quickly propagated into the financial system and the banking sector of other countries as a result of global diffusion that was involved with the sophisticated financial instruments. In 2008, the extending disruptions in the working of credit systems and banks, the deterioration of expectations, and the confidence crisis led to the initial real effects that were felt in the economy. It also led to a d ecrease in levels of activity and productivity levels as well as a reduction in investments and consumptions and a fall in international trade. The financial crisis experienced in 2007-08 financial year also persisted in 2009, and this was coupled with widespread consequences on labour

Monday, February 3, 2020

PS3201 Family Studies Essay Example | Topics and Well Written Essays - 3500 words

PS3201 Family Studies - Essay Example The element of a family constitutes a husband, children, and a wife who reside under the same roof. The interaction among the above elements shapes or defines the behavior that a person who demonstrate in the society. However, the description is limited to what many people believe to constitute nuclear family. In some traditional settings especially in Africa, family would constitute members of nuclear family and members from the extended wing (Strong, et.al. 2010:420). The extended elements are aunts, uncles, and grandparents. This paper will examine a family in the modern era. Family setting depends with cultural practices observed by a given community. Communities across the globe demonstrate their cultural heritage through the association, which they project through their families. Traditions in Nigeria regarded a family as institution that was center to human existence i.e. sustainability of human race depended on the constitution of new families (Rotimi, 2005:8). The culture propagated by people started from a family. The regard that the community gave to family was an institution just like other social institutions where people demonstrated adherence to order or law. The values set in the family included how to bring up a child, how children would relate with community members, courtship, rules of descent, ownership of property among other taboos. The taboos observed by a family had moral consequence to individuals who went against the norms. People believed in practices stipulated in cultural norms. Men had cultural responsibility of heading their f amilies (The Fellows’ Forum, 2005:13). Rules set by communities gave an opportunity to men to have as men women as possible as long as the man was able to cater for their needs. The traditional setting recognized the existence of the relatives and the role in the family (Omoera, 2010:78). For example, brothers in law