Future Economic Stagnation for Rich Countries Essay

Future Economic Stagnation for Rich Countries - Essay Example This essay demonstrates the huge gap between rich countries and developing countries and provides factors and reasons for possible future economic stagnation for rich countries. There used to be a time when there existed a few rich countries who dominated the world economy and their contribution to the global GDP was around two-third. This means that the rest of the world was under developed and had a falling economy rate. Later, the world faced some crisis which shook the rich countries’ economy and at the same time helped the developing countries to grow at a high pace. This led to the possibility of economic stagnation of the rich countries in near future. In the current scenario, globalization has worked in favor of developing economies. Several developing countries, majorly Asian economies, are growing at such a high pace that the gap between the rich and the developing countries has shortened big time. Reasons of the possible future economic stagnation are: Recent Western Recession, Insufficient Supply and Slow Recovery from Financial Crisis (2008-2009). First recommendations for avoiding future economic stagnationis Improving Short-Term Demand and Efficient Supply. No country can recover from the financial crises in a short time. Second recommendation is Boosting Medium-Term Growth. The third recommendation is Role of Government, that should also put their effort and think more logically regarding the ways of supporting the demand and making better the supply which can in return increase the productivity.

Aris Dilemma Essay Example | Topics and Well Written Essays - 1250 words

Aris Dilemma - Essay Example She had been sitting in silence for more than an hour now. She had never imagined that it would be like this. She remembered, for the 100th time, how her mother had gasped in shock when she brought Bilal to their home in Western Texas. Her father tried desperately to pretend that he was pleased at his daughter’s choice of friend. However, the rest of her family only gaped at his elaborate headdress. Bilal was kind enough. Her mother had purposefully tried to make him feel uncomfortable. She constantly wore, on her face, expressions full of hatred at Bilal. She permitted him to talk or comment on anything without openly opposing his comments. Beside, she constantly criticized Bilal’s Muslim culture and culture pointing out the unjust and monopolistic way they treated their women. In addition, she kept telling Bilal that he is not any different from all his Muslim folks as long as they live in Saudi Arabia. Bilal tried to persevere the rampage, from his to be mother-in-la w, in silence, perhaps accepting the truth in silence. â€Å"Ghayda!† Ari took some moments to realize that it was she who was being addressed by the old woman at the door to her right. â€Å"Ghayda!† Her husband’s aunt had given her the name to make her a complete Saudi Arabian. The old woman motioned towards the kitchen.