The Rate Of Gross Domestic Product And Unemployment

â€Å"The relationship between rate of Gross Domestic Product and Unemployment Of an economy† The economic power of an economy is what truly enables it to be a global ruler; furthermore a strong economy means the people are employed, successful and thriving. The best way to measure the economy’s current health is to just take a look at their Gross domestic production and unemployment rate. A strong economy stands for global dominance and influence, resulting in high standards of living, decreased unemployment, and prevention from recessions, depressions and also lower the risk of inflation but is there a link between the gross domestic product and unemployment that plays a role in all this? And how does this effect the well being of an economy, also why was the Canadian recession of 2008 a proof of this direct but opposite link of GDP and unemployment. Now to connect the dots, it’s easy to put out all these terms but not actually understand how they are related well the growth of GDP means there is more demand of products and if there is demand, companies need workers to make those products, hence there is lesser unemployment and the economy is growing and production rate is also increasing. If the rate growth is constantly decreasing with lesser demand and there is constant lower economic activity then the economy goes into recession. To further elaborate these concepts, Gross domestic product stands for the total economic activity of a nation, it means the monetary value ofShow MoreRelatedReal Gross Domestic Product Is An Inflation Adjusted Measure1015 Words   |  5 PagesReal Gross Domestic Product is an inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year. 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An underground economy would consistRead MoreReal Gross Domestic Product Of The United States And United Kingdom1671 Words   |  7 Pages Real Gross Domestic Product Real Gross Domestic Product is the measure of the economy’s output of goods and services over a specific period of time. It is usually measured in comparison to the GDP’s of previous years. For instance, if a year-to-year Gross Domestic Product goes up by 2 percent, it is said that the economy has grown by 2 percent. On a more basic level, Gross Domestic Product can be measured by adding everyone’s earnings in a year or what everyone spent. This is known as the incomeRead MoreConcept Paper1098 Words   |  5 Pagesincreasing the country’s Gross Domestic product? I.   Rationale In every country, gross domestic product (GDP) serves as an indicator to determine how well does the country performed for a specific period of time. It is an estimation of the value of the total goods and services it has produced. 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Manufacturing Industry and Fair Trade in Australia Free Essays

The question that is being studied here is of unemployment, and this is clearly not being lost because of imports. The calculations have been made by the Australian Center for Industrial Relations Research and Teaching, and they say facts about the net changes in the rate of employment between 1988 and 1998 in a number of industrial sectors. It can be seen that there is a clear decline in employment in eight sectors of industry during this decade. We will write a custom essay sample on Manufacturing Industry and Fair Trade in Australia or any similar topic only for you Order Now There was a net loss of about 250,000 jobs and more than sixty percent of the loss was in areas where there was no competition. This concerned employers like Commonwealth Bank, SECV, State Rail NSW, AMP, and the federal public services. (Do imports cost jobs: What’s wrong with fair trade? ) Compared to this, the total number of people employed in sector of textiles, clothing and footwear manufacture in Australia has been 80. 2 thousand as per the figures available for 1998. (Manufacturing employment) The important areas of job loss have been in the manufacture of different products with low import threats, and where the imports come from high wage countries. The exception is in the case of textile, clothing and footwear — TCF. In the case of these products, the imports are from medium wage countries and that import is 36. 0 percent of the total market for these goods in Australia. The largest import is from China, and they are now selling 20 percent of all TCF goods in Australia. (Do imports cost jobs: What’s wrong with fair trade? ) This has been confirmed at meetings of the productivity commission regarding the future of industry in the city of Melbourne and the state of Victoria. In the public hearing, they have also confirmed that if the recommendations of the commission are implemented then there would be another loss of 30,000 jobs. An industrialist, Brian Rush had this to say about the textile industry – â€Å"Commodity sewing, as such, in Australia has a real struggle in front of it. Our all-up labor rates in Bendigo, with all the add-ons, are about $28 an hour. You go to China and it’s less than 50 cents an hour†. (Textile jobs under threat. 2003) It is not that the government is not aware of the situation in the country and has already allocated $575 million for the textile, clothing and footwear sector under the Strategic Investment Program as stated by the minister for Industry, Tourism and Resources. His statement said â€Å"Australia’s $9 billion textile, clothing and footwear manufacturing industries can now apply for investment and RD assistance under the package which has been closely and extensively negotiated with industry players†. (Australia: Textile, clothing footwear sector investments worth AU $575mn approved, 2005) But this does not seem to have helped the workers as in one case, the workers sacked by National Textiles on January 21st are still on a 24 hour picket outside their factory and that is located about 170 kilometers north of Sydney. There are 342 workers and the claimed dues are on account of entitlements which are not paid consisting of leave on a yearly basis, sick leave, long service, redundancy payments and superannuation. (Sacked Australian textile workers picket for $11 million in unpaid entitlements) Regarding TCF, the economists at Reserve Bank have stated that about one third of the jobs lost in clothing are due to low wages and that is a total of 28,000 jobs. For footwear this amounts to 6,000 jobs lost. Well this seems to support that fair trade is the main reason for the lost jobs but they have also stated â€Å"Despite this large import effect, productivity improvements accounted for about two-thirds of the fall in employment in this sector† (Do imports cost jobs: What’s wrong with fair trade? ) This can be seen from a comparison of the figures of 1994 and 1999 where in the case of machinery and equipment the productivity has risen by 23. 2 percent and the job losses have been only 3. 9 percent reduction. In the TCF sector, the increase in productivity has been 15. 1 percent and the job losses are 15. 3 percent. (Do imports cost jobs: What’s wrong with fair trade? ) When one looks at the total employment figures the picture becomes even clearer with a reduction between 1974 and 1999 with a total reduction in textiles clothing and footwear by 53 percent, whereas in transport equipment and machinery the reduction was by 39 percent and in metallic products by 29 percent. Thus it is clear that employment is on the way down with a total reduction by 22 percent. This is hurting the workers as 24 percent of the total workers were employed in manufacturing in 1974, but this came down to just 12 percent in 1999. This does not mean that this section of industry has started producing less, and the production has increased, but the gains have not been passed on in terms of additional workers. This is reflected in the fact that the major portion of Australia’s workers is now engaged in the service sector – 82 percent of them. (Productivity Commission: Move to scrap tariffs sooner rather than later) To some extent the mismatching of the Australian government timing of cutting the protection of the textile, clothing and footwear sector with the change of the global TCF industry to get into a new form of organization, the commodity chain is also responsible. Due to this change, some Australian TCF manufacturers could not continue business any longer, while the others followed a number of strategies to remain in business, and these including a change of the labor required. This has led to losses in jobs determined by age, gender and ethnicity in the skilled and semi-skilled levels of production. This has been replaced by jobs in design, marketing and management. The jobs in the factories of Australia have to the Pacific Rim. (Trade and inequality: Australia’s textile, clothing, and footwear industries, 1986-1996) As an example one can see that in December, there was a reduction by the Sara Lee clothing factory of 200 workers in the factories of Sydney, Wollongong and Kempsey. The number was half of the total employees of workers in the organization. This company now plans to get most of the production for the company done at Fiji, where the labor is cheaper. A similar decision was also taken by Levi Strauss, the famous jeans manufacturer. They are now planning to cut down about 60 percent of the workers in Elizabeth, near Adelaide. They amount to 100 workers. (Australian Job Losses) For many of the workers this means social changes and increases unemployment rates in many areas leading to losses in consumer demand for products. For the people there are long term effects on health due to the loss of jobs and finding a job when one is over 50 is not easy. For the company also it is a loss of manufacturing capacity. Productivity Commission: Move to scrap tariffs sooner rather than later) In the meantime, a new breed of employers has come up and these are the employment agencies. They offer high efficiency when placing the employees in a firm. They claim to offer economies of scale due to their being a specialist third party managing the aspects of personnel management like recruitment. This is normally the function of the personnel department. They also lead to lower transaction costs and thus increase efficiencies due to the matching involved. Yet it is not very popular as in 2003 a survey showed that organizations are using hired employees for the purpose of getting workers for immediate requirements. Yet, a survey showed that 42 percent of the firms believe that there are good benefits for the firms using hired employees. The perceived benefits are the reduction of administrative costs, being able to go through a thorough process of recruitment and getting skilled workers. A very small portion of the firms gave their reason as reduction of employee cost due to lower payments. Temporary employment agencies as labor market intermediaries – new ways of working in an open economy) According to a study done by ABS in June 2002, there were 290, 000 employees hired through the employment agencies at that time. This is a 3. 1 percent share of the total employment market. According to them the organizations which had a union with a closed shop had the least chance of using a labor hire agency. This is thus a limiting factor on labor hire agencies. The positive factor for a labor hire agency is an organization with an employee relations manager. These managers are knowledgeable about the different sources from where they can get labor, as also the different types of labor with them. They are more likely to use the agencies when appropriate. Yet organizations hire labor sparingly and along with other flexible forms of labor like part-time labor and casual labor. (The Growth of Labor Hire Employment in Australia) It is wrong to expect the free traders or the fair traders to really have the interests of the workers at heart. One has to realize that the problem in part arises from the present chase for productivity and international competition. How to cite Manufacturing Industry and Fair Trade in Australia, Essay examples

Theories of Action for Effecting Education Reform

Question: 1-Post gives a brief overview of subject mentioned in the chapter title. 2-Post gives a clear reflection about the importance of the chapter in becoming a teacher/leader. 3-Post gives clear explanation of how the chapter does or does not provide helpful information in becoming a teacher/leader. 4-Evidence of two responses to postings of other students within the course. 5-All posts and responses are at least one paragraph and written with professional writing standards.? Answer: 1. This chapter discusses the importance of curriculum and the need for bringing about reform to it. The objectives with which schools were established would not be met without the curriculum. This chapter is important for teachers as they play a vital role in designing curriculums. Reform of curriculum is one of the major challenges which education reform faces. The term curriculum owes its origin to a Latin word which bears the meaning of racecourse. Traditionally curriculum meant a list of courses but the definition has changed with the passage of time. It is important for educators to know the meaning of curriculum since only then they will be able to participate actively in its reform. Curriculum came to be defined as a program of studies, a document and even as the planned experiences of a school. No matter whatever definition of curriculum we adopt there is one common aspect, a hidden dimension which all definitions acknowledge. It means the things which are taught implicitly by schools and not explicitly. In 1983 after the National Commission on Excellence in Education published its report stating that the performance of American students has not been satisfactory a series of reforms in the field of education followed. Thomas (2012) supports the above stated view and reiterates the importance of curriculum. 2. This chapter basically deals with the relationship which exists between school and students. From a reading this chapter it is evident that school and students are very much inter related. School happens to be an institution which has been created for the society, by the society and it is an institution which the society supports. Thus a teacher bears responsibility towards both the society which is its employer and also the students since serving them is the purpose behind the creation of schools. But these two responsibilities conflict each other. The chapter in question provides the ways in which schools influence the society and vice versa. Since time immemorial schools have been influencing society through the following ways; schools inculcate into students the responsibilities he/ she bears towards the society as citizens. Curriculums of schools primarily teach students as to how they are supposed in a democracy. It is believed that educated citizens are indispensible to a demo cratic country and this purpose of the society is served by the schools which shape students into intellectual citizens. Schools render vocational training the students, through schools students are prepared for future career so that they can easily get jobs in future. Society has a strong impact on schools and it constantly re shapes the school. While designing curriculum educators must try to involve parents into the education process of their children. They need to have clear communication with the parents regarding the children. This chapter is important for the one who intends to be a teacher because if he is aware of above stated facts then he would be able to render the services of a teacher in a better way. Underwood, Razzouk, Hansen Shute (2011)- this article deals with the importance of the involvement of parents into the education system. 3. This chapter discusses the historical foundation of the institution of school. It traces the evolution of American education. The early schools came into vogue because of the Puritans as they strongly believed that it s not possible to have a democracy without an educated population. The Latin Grammar School was established in the year 1635 which later came to be known as the Harvard College. It was the belief of the Puritans that the devils would take advantage of the ignorance of their children and exploit them and thus school buildings were erected to educate the children. These were also known as Dame Schools and they were classical in nature. In the eighteenth century need was felt to establish schools which can be less classical and more practical. Benjamin Franklin thus opened the Franklin Academy in Philadelphia. These schools replaced the Latin Grammar Schools. One of the drawbacks of the Franklin school was that it was private and everybody could not afford them. This lead to the establishment of public schools which were free. This chapter also discusses the evolution of the present day curriculum. Since history is at the base of every discipline when one intends to become a teacher he/ she should be well aware of the history underlying the evolution of the system of education. Gatto (2012) this article also talks about the historical foundation of education in America. 4. This chapter tries to identify the ways by the adoption of which educators can render meaning to education. It begins by highlighting that both the educator as well as the student is not happy with each other. The student feels that educators only put them across oceans of information but does not impart knowledge in the true sense of the term which is the reason why most students remain mediocre. On the other hand, even teachers feel students mostly fail to apply their knowledge and take up risks. The chapter with the help of theories explains the importance of research to be undertaken by educators so as to improve the system of education. These theories may be stated in brief as follows: Growing research base theory provides that educators should conduct research in order to improve the system of education and should make students part of this research since they are the stake holders. Science v. Common Sense theory lays down that since common sense approach cannot be relied on in all situations, educators should give priority to research. Terminological Pitfalls theory states that the present system of education places much reliance on achievements as compared to practical application. Thus the system of education must try to look beyond the barriers of fact by using the tools of concept which is intrinsic to any type of thinking and its importance in education can never be overrated; educators should try and formulate theories of education and lastly models may be used by educators to formulate education plans. Finn, Jr.( 2010) this article lays down the theories for bringing about educational reform. This chapter gives a good insight for an individual to become a teacher in the true sense of the term. 5. This chapter reviews certain basic designs of curriculum and gives an insight into examining the curriculum. This chapter is of immense importance to the one who intends to become a teacher as he/ she would be a curriculum planner in future. Teachers should try to formulate such curriculum which draws connection between what is taught, why is it taught, how is it taught and assessment of what a student has learnt. It lays down that educators or teachers must not just try to cover all the material contained in a curriculum but should also make an endeavor to teach the materials covered in the curriculum. The curriculums which the educators design must enable students to draw connection between the various concepts they have learnt. Since this chapter provides curriculum designs for various levels depending upon the age of the students it would be of great help to a prospective teacher as he/ she can draw ideas from the designs provided and design appropriate curriculums in future. The chapter also provides for the advantages and disadvantages of each design which makes it all the more easier for educators to decide on which pattern would be more suitable while they are attempting to design curriculum. McKimm (2013)- this article discusses about various designs of curriculum. References Finn, Jr., C. (2010). Theories of action for effecting education reform. Gatto, J. (2012). An Underground History of American Education. McKimm, J. (2013). Curriculum design and development. Thomas, L. (2012). Re-thinking the importance of teaching: curriculum and collaboration in an era of localism. Rsa. Underwood, J., Razzouk, R., Hansen, E., Shute, V. (2011). A Review of the Relationship between Parental Involvement and Secondary School Students Academic Achievement. Education Research International