Describe the current Australian economic situation and support your Assignment

Describe the current Australian scotch situation and support your claims - Assignment ExampleIntroduction Global Economy is experiencing one of its worst phases of muniment because of the widespread economic downturn. What started with the subprime mortgage crisis has now created widespread economic panic which has even resulted into the downgrade of accredit ratings of the largest saving of the world. The emerging autonomous debt crisis has exposed many governments ability to maintain a sustainable direct of debt. The Euro Zone is actively looking for new ways and means to support economies like Greece, Spain, Portugal, Italy to avert their sovereign default. Considering such situation, the overall process prospects for the world economy are suggesting a stagnant growth score of approximately 4.5% for current year and for the year 2012 and 2013. Australian Economy however, despite such downturn managed to contact reasonable growth rates as well as better economic performa nce. Growth during 2010 and 2011 remained sinewy despite the fact that country faced harsh weather conditions which slowed down economic growth. Real gross domestic product increased by 2.7% as on Dec 2010 however, growth in household consumption remained low. It is light upon to note that there is a gradual increase in the inflation owing to rise in the food prices. (BBC, 2011). Increasing inflation level therefore whitethorn erode the overall economic growth of the country if it is not able to control inflation levels. The recent statistics for the unemployment level also suggest that the overall level of unemployment is increase in the country. Figures for July 2011 suggested an unemployment rate of 5.1% which seem to have surprised many. (Zappone, 2011). Current Economic locating in Australia As discussed above that economy of Australia posted improved performance when world was reckoning economic and monetary turmoil. However, the recent data suggests that the overall eco nomic situation may not sustain for long as there is a gradual increase in the level of inflation as well as the unemployment level. The overall cash rate i.e. the rate offered by Reserve Bank of Australia is held at 4.75% however, there are indications that the overall rate may further be increased due to rising inflation level. (RBA, 2011). higher(prenominal) interest rates prevailing in the economy may be due to the fact that the Australia may be looking for to ensure that the inflation remain within control. The recent monetary policy issued by the central vernacular of the country suggests that the increase in the level of unemployment has slowed down however it is still increasing thus causing important repercussions for the Australian economy. It is also important to understand that the overall industrial take are also increasing in the economy thus increasing the overall burden on the firms in terms of their overall variable costs. It has also been suggested that the overa ll fiscal policy is being exercised in muscular contractionary mode thus creating an environment where the demand for government purchase of goods and service may decline. Such contraction therefore may result into the reduction in the overall aggregate demand in the economy and thus reduce the overall growth rates. The current performance of the economy therefore may witness further decline in the future. Important Factors One of the key challenges faced by reserve bank is the declining consumer activity within the economy. The lack of domestic demand therefore may be one of the key economic variables

Law - Responsibility to Protect Essay Example | Topics and Well Written Essays - 3000 words

Law - Responsibility to Protect - Essay ExampleDuring this occasion, all member verbalizes agreed to be held accountable for crimes against kindity such as mass killings, genocide, and ethnic cleansing. The principle of R2P is anchored on the responsibility of the state to protect its population from large-scale man-made atrocities. When the state is either incapable of or unwilling to see this obligation, then the responsibility passes to the international community. The latter should first explore diplomatic persuasion and other also peaceful avenues to avert or arrest the catastrophe. Should these means fail, then the use of coercive force is warrant in order to intervene in the interest of the oppressed population (America, 2009). Since the launching of R2P, there pack been instances where countries were clearly remiss in the observance of this accountability. There had been mass killings and other widespread violation of human rights, which in turn led to a decimation of a large number of the population in Bosnia, Cambodia, Darfur, Kosovo, and in the eastern portion of the Democratic Republic of Congo (America, 2009). There have likewise been fresh initiatives in the implementation of R2P. In January 2009, the Global Civil Society Coalition on the Responsibility to Protect was launched. ... gracious Rights (UDHR), which was adopted and proclaimed on December 10, 1948 by the UN General Assembly, is the founding document of the international constabulary of human rights (Renee Cronin-Furman, 2010) the UDHR is in turn founded on the principle that the protection of human rights knows no international boundaries (Buergenthal, 1997704), and whence an obligation exists for any and all members of the international community to ascertain that governments guarantee their protection over their people. A judgmentual conflict exists between the doctrine of state sovereignty and non-intervention and the doctrine of human intervention. Classical governmental realism stresses the dominance of the sovereign state as the principal actor by which rights are created and given over effect, and human relationships regulated. Humanitarian intervention, on the other hand, is a relatively new concept, a product of normative discourse because it infuses values into the appreciation of the human condition, and espouses certain norms held to be chastely right over that which is morally wrong. The doctrine of state sovereignty is firmly embodied as policy in the UN Charter in contrast, the Charter made no mention of the right of humanitarian intervention in any of its provisions, although humanitarian intervention likewise poses a challenge to state sovereignty. However, despite the lack of any explicit mention of the doctrine, the Security Council had always incorporated the implicit right to intervene, even with the use of military force, for humanitarian reasons in its decision-making, such as the resolutions it adopted in the case of Korea i n 1950 and the Congo in 1962. The rationale of the concept is well elucidated by Thakur (2003) when he wrote Intervention for human

Comparative Political Science Essay Example | Topics and Well Written Essays - 500 words

Comparative Political Science - Essay ExampleIn essence, the political craze experienced was as a result of different ethnic groups seeking political superiority (ONeil 2). In some instances, political hysteria may take place when people protest against poor leadership by their governments or even when governments fail to take action where necessary. With this in mind, religion and political violence are not entirely related because religion does not necessarily cause political violence.It is foolish to conclude that religious homogeneity can see sectarian peace. In fact, religious homogeneity cannot guarantee sectarian peace. Religious homogeneity has to do with humdrum in all religious beliefs, opinions, doctrines, and thoughts. If there is sameness in all aspects of religion, the likelihood of sectarianism and other religious differences is greatly reduced. Even if every integrity was to belong to one particular religion, there would still be sectarianism because they would s till have other differences such as race, ethnicity, and culture to fight about. For this reason, it would still be difficult to attain sectarian peace (ONeil 78).Sectarian fighting does not constantly occur as a result of religious regeneration. The differences in beliefs and opinions among religions can be used to explain religious diversity. Different religions might have different beliefs and ideas, but that does not always lead to sectarian conflict. The hatred and discrimination that arises from the different beliefs among religions are what can be called sectarianism. Religious diversity does not always mean sectarian conflict because different religions have learned to tolerate apiece other and get along for the overall good. A good example is America, which has diverse religions such as Christianity, Judaism, Islam, Bahai, Buddhism, Hinduism, Jainism, Sikhism, and Taoism among others (ONeil 99).

Hanson- understanding the text Essay Example | Topics and Well Written Essays - 250 words

Hanson- understanding the text - Essay ExampleHowever, he contradicts his opinion by mentioning that the large cosmos gutter only be sustained by either agriculture, or starves by service production, claiming that two are unattainable (Hanson 428). This contradiction of ideas shrinks the sense in his argument.The population that lived in the 19th century make great impacts on present Californians consumption. Hanson refers to this generation as type of Californian and classifies it to having disappeared. Worth noting, the generation carried remote with them the ideologies and traits that best suited Californians, credo that once made us what we were (Hanson 431). In the words Hanson classifies Californian as having adequate resources to sustain its population. Fore fathers toiled hard to bump the next generation. Casual work created a better life, but the current service production such as acting movies, saving newts makes results into trauma. Therefore to Hanson, Californians c ant substitute hard work to entertainment as less toiling as the reason is the source of the