Unemployment

where the state would take iniciatives, means public ownership of the basic industries ans services  Full employement: objective of economic policy promoted by stae intervention. Tis policy was a great success. There was never more than 2% of unemployment.  Redistribution of wealth: income tax  Acceptance of the Trade Unions: at a time when Trade Unions were very powerful.  The defense of the Welfare State: consequences in terms of taxations. For about 25 years( 1945 to 1970) after war, these

Factors Conditions - Labour Cost - Skills - Minimum Wage - Capital Resource - Knowledge - Infrastructure • Infrastructure are really good and reliable (nationsencyclopedia1 ) • Minimum wage is 9,1 USD per hour it’s pretty high (Wikipedia1) • Unemployment rate is increasing since 2008, nowadays it reach 5,6% (www.indexmundi.com) • it's the ninth labour force in the world with 65.93 million (2009 est.) which 28% in the industry. (CIA1) • Exchange rate is decreasing from 118USD in 2007 to 94,5USD

Governments in general is the economical crisis, which is the result of the companies and the businesses failures. Governments actually have to face the consequences of the businesses failures, it is like a domino effect.Indeed, there is more unemployment, which leads to a lower purchasing power, problems for some people to find a place to live, etc.... Governments, in the case of the economical crisis, already had examples with the many economical crisis the world had to face (1929 for example)

BEAN, C. (1994), « European unemployment: a survey », Journal of Economic Literature, vol. XXXII, pp. 573-619. BEVERIDGE, S. et C.R. NELSON (1981), « A new approach to decomposition of economic time series into permanent and transitory components with particular attention to measurement of the “business cycle” », Journal of Monetary Economics, vol. 7, n° 2, pp. 151-174. BLANCHARD, O. et L.H. SUMMERS (1987), « Fiscal increasing returns, hysteresis, real wages, and unemployment », European Economic Review

of the world population. GNP (1958 billions of $) GNP (billions of $) GNP/p 1958 $ 1950 355 285 2342 1955 438 396 2650 1960 488 504 2699 1965 618 685 3180 Cycles and unemployment The economy didn’t grow in a stable fashion, a recession in 1953 and a drop in industrial production in 1958 (-14%) - Unemployment: 1950/3.2M, 1955/2.8M, 1960/3.8M, 1965/3.7M - Growth relatively modest relative to demography Poverty figures: anyone between 20 and 25% of the population lives under the poverty

allowances for children should be given whatever the professional situation of the parents are and thus avoiding “two evils” : such as a greater income during unemployment and the remains of Want He also advocates a “maintenance of employment” (93) and thus full employment to make the plan run. Beveridge explained that “mass unemployment” (94) should be avoided “as necessary conditions of success in social insurance” (95) Policies of social security "must be achieved by co-operation between

keynésienne une baisse des salaires et de la demande qui s’auto-entretiennent, cette dernière suppose une relation négative entre la variation des salaires à la hausse et le taux de chômage. Dans son article publié en 1958, "The relation Beetween unemployment and the Rate of Change of Money Wage Rates in the United-Kingdom, 1861-1957", l’économiste néo-zélandais Alban William Phillips met en évidence l’existence d’une relation inverse entre le taux de croissance des salaires nominaux et le taux de chômage

different movements in the graphs and different structures to vary your writing. 3.3.2 Describing trends Trends are changes or movements. These changes are normally expressed in numeric items, for example, population, production volumes or unemployment. There are three basic trends: |Direction |Verbs |Nouns | | |Rose (to) |A rise

record : Congress blocked : His efforts to increase federal aid to education His efforts to provide health insurance to the elderly. His efforts to create a department of urban affairs Senate blocked too : Individuals unemployment youth, migrant workers, seasonal workers and mass transit. Successful legislation : He passed the Trade Expansion Act of 1962 : tariff cut : tax of around 35% on goods traded between the US and EEC. Housing Act (with $5 billion

all over Greece. The decline of foreign arrivals also has repercussion on people employed by the tourism sector. Hotel owners have slashed down their payroll. Today the unemployment rate is up to eleven per cent which is the highest rate since ten years. Experts are even more pessimist about the future saying that the unemployment rate will reach fourteen and a half per cent in 2011. The government is worried about these alarming figures because they thought they could rely on the tourism industry