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Introduction about unemployment in Egypt
Effects of unemployment in the economy
Effects of unemployment in the economy
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Recommended: Introduction about unemployment in Egypt
Introduction
Unemployment is a major problem that encounters a number of countries in the modern time; as it is considered a result for a lot of deteriorating conditions all over the world. Is a result of many financial breakdowns, capital money policies had to shut downs many firms and factories and to less their employees. Consequently, it leads to many social crises due to the lack of the fundamental providing which the employee gets during work. Logically, governments had to apply certain policies to avoid economic crises and the negative impacts that are left behind financial breakdowns and to protect their people.
Egypt is one of those countries that are easily affected by the global circumstances as the. The number of unemployed in Egypt reached 3.1 million according to The Central Agency for Public Mobilization and Statistics (CAPMAS) last week Egypt's unemployment rate has risen to 11.9 per cent in the first quarter of 2011, up from 8.9 percent in December 2010. This figure is the highest in only 10 years. Egypt became in a dire need for finding creative solutions for that dilemma in order to find its way between advanced nations.
In order to examine the debatable problem of unemployment, this presentation is going to provide the reader with information about the causes which led to this dilemma. Some of these aspects are the mismatch between education, graduates and training and on the other side the job market. Moreover, the political instability in Egypt in the last three years. In addition, the corrupted policy that dealt with unemployment in the last three decades. Later on, it is going to expose the negative impacts of unemployment in Egypt financially and socially. Then, it is going to present some of the solutio...
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...eless communication, automobile mechanics and aviation (Cantor, 1987).
Conclusion
In conclusion, unemployment has proved to be a major dilemma that attacked Egypt during time. Both government and institutions have to take serious steps to control its reasons as the low limited education, corruption, and political instability. These aspects had passed behind negative consequences such as illegal immigration; the increasing rates of crime and violence and social and family disorder which affect badly the society with all its classes. Many families were shattered due to the impact of unemployment. The whole country has to build a shield against that attack. It has to improve the vocational education system and to encourage private investments to give a chance for new workers. It is for granted that our country deserves more than what we give but trying is always
...al deficit that according a paper from the Carnegie Endowment for International Peace is made up of "institutions that influence the work of the bureaucracy, institutions that shape politicians' behaviour by punishing or rewarding certain types of behaviour – influencing the accountability and transparency of politicians – and institutions that widen political space and participation for Egyptian citizens" (Alissa). Economically, “the price of basic food supplies such as meat, grain, rice, and sugar has doubled over the past few years, while simultaneously, real wages are falling” (Goodman). Because of this the Egyptian people became malcontented and frustrated with their lives. Overall, while the majority of the long term causes were economic or political in nature, technological developments remained a steady undercurrent that carried these other causes forward.
Richard J. Braxton is a Ph.D., Director, at Innovation Center –Index Shared Services. The aim of his article is to understand the problem of youth unemployment in the Gulf Cooperation Council region and how best the government can critically address this issue. He gave several options that can be clear solution to the problem. His emphasized that the GCC countries need to adopt effective training and development programs to provide the unemployed youth with the knowledge, skills, and abilities in order for them to compete for job vacancies.. The article also gave many facts elaborating more on the issue, so that his audience gets more interested and engaged in the topic. The articles outlines so many important steps to be considered by the government, and...
Cairo is what is considered a mega city, it is the largest city in the Middle East and Africa, and as such it is plagued by most of the problems that major Third world cities face, in overcrowding, pollution and poverty. Of course being the capital it is also home to a wide spectrum of social classes and groups. This paper will focus on how the dynamic between these social classes is affected by poverty and overcrowding and how the community as well as the government cope with these problems or don’t. First, we must analyze the situation with poverty and overcrowding like how they are measured and portrayed to society, and then we can assess the effect of this portrayal on the different social classes in Cairo.
Unemployment refers to the total percentage of a country’s workforce that is unemployed and is looking for a paid job. The rate of unemployment is the percentage of the whole population that is actively seeking paid employment (Coyle 2). The ratio is reached at by dividing the number of jobless people by the already working individuals in the workforce. In statistics, a rising unemployment rate is an indicator of a weakening economy (Mankiw 16).On the other hand, a falling rate indicates that the economy is growing.
For what has been a very, very long time, our elected representatives have sought to achieve “full employment” as a national goal….but full employment has been suspect as a possible cause of inflation, and is therefore weakened by decisions of the Federal Reserve, in an attempt to retard inflation. In terms of causes, unemployment has changed; the character, degree of severity, possible solutions of unemployment over the last ten years or so have been reduced, and has morphed in terms of just who is experiencing the unemployment and the suggestions for answering the problem. It has been the traditional fundamental trades, like manufacturing, viewed as part of the shift in the economy towards the new information age model, as workers transition from a manufacturing economy to a service economy, all the while over-coming the obstacles set forth by our own government.
Through various detailed descriptions of household economics in Cairo, Egypt, Homa Hoodfar provides audiences with an opportunity to learn about Modern-day Muslim families. Living among her informants, she was able to capture the daily lives of low-income families over the course of a decade. She gathered extensive research and investigated the various social and economic survival strategies that these families utilized. In Between Marriage and the Market, Hoodfar aims to illustrate how the preexisting economic and social constraints in Egyptian society have a heavy influence over the household economy as well as the individual members’ survival strategies (5, 11, 16, 17). She is successful in providing ample evidence to support her argument. Hoodfar imparts exemplary with her discussion of gender roles and Egypt’s poor economic.
Evidently, Morocco has been subject to relatively high unemployment since it’s economic development. It’s GDP growth has been slow and mostly stagnant as established in the first part of the project. It also appears that Morocco has a much more stagnate economy that does not see business cycles to the same degree as the U.S. The unemployment rate and growth rate remain around the same. This could be because Morocco is a developing nation without a lot of economic ties to the U.S., but rather has made an effort in involving itself in the European economy. Morocco see’s really short periods of expansion and recession but they are ultimately insignificant when it comes to the lack of economic development. More evidence that Morocco’s economy is
Egypt itself currently has a population of approximately 87 million people and a Total Fertility Rate of 2.87 (Central Intelligence Agency). The population of Egypt is projected to be 100 million in 2025 and nearly 126 million in 2050 (Population Reference Bureau). This is a m...
Unemployment is a macroeconomic factor that is pertinent to an extensive economy at a regional level. Therefore it affects a large population rather than a few select individuals. Unemployment does not only have social costs, but economic costs too. The ILO, International Labour organization, defines unemployment as, ''People of working age, who are without work, but available for work and actively seeking employment.'' Therefore implying that it is a state of an individual looking for a job but not having one. Unemployment is one of the key indicators in determining the economic stability of a country; hence governments, businesses and consumers closely monitor it. There are numerous aspects that might lead to unemployment such as labour market conflicts and recessions in the economy. There are two main types of unemployment, which can be focused on, seasonal and cyclical unemployment. Seasonal unemployment occurs when a person is unemployed or their profession is not in demand during a particular season. On the contrary, cyclical unemployment occurs when there is less demand for goods and services in the market so consequently supply needs to be decreased.
Mouhammed, A. H. (2011). Important theories of unemployment and public policies. Journal of Applied Business and Economics, 12(5), 100-110.
...reasing trade liberalization. This includes policies such as tarrif reductions, which have lead to expansions of many economic sectors, which in turn have reduced inequality for urban and rural skilled men, as well as for women (gender inequality) and has seen increased employment opportunites for women. However, the success of such policies in reducing inequality had its limitations, as at the same time there has been an increase in inequality for unskilled men and for skilled women in rural areas (Chahir & Zaki 2012). It can be said that such trade liberalization policies are partially responsible for Egypt’s declining income inequality as the expansion of certain sectors has reduced gender inequality and inequality between rural and urban areas, while increasing inequality for men who are unskilled and skilled women in rural areas.
Unemployment has always been something that Americans have worried about since the great depression in which one in every four people was unemployed. High unemployment has an impact on every one even those whom are still currently employed. For example if the unemployment rate is particular high then even those with jobs get worried. Unemployment is also separated in to distinct categories base on which group is the focus of the study. The categories can be by race, age or location, for example the unemployment rate of those between the age of sixty and sixty-five could be compared those between the ages of thirty and thirty-five. These categories allow economist to see which groups are the best and which groups are worst off. One group particularly bad off is the age group referred to as teenagers. This paper is going to focus on how teenage unemployment affects the economy and what possible solutions there are.
Unemployment issue can lead to a lot of impacts to the economic growth. Higher unemployment rate will lead to increase government borrowing. When people are without their job, they would paid less in the income tax. So, it will cause a drop in tax revenue because there are lesser people paying income tax and spending less. Due to the loss of earnings to the unemployed, the government need to spend more subsidy for them in housing benefits and income support.
Possible solutions for poverty in Egypt In the past two years, Egypt has experienced enormous protests in which millions of Egyptians went out of their way to rebel against the authoritarian rule that has suppressed them for years. For the first time, Egyptian citizens have decided to take a stand and fight for their legitimate rights in being able to find proper food, to gain freedom and equality. Moreover, this event mainly took place on the 25th of January, 2011; the dictatorship regime that has been ruling for thirty years fell to the ground. We can deduce from the event that this revolution mostly occurred due to the oppression, poverty, social equality, censorship and the aim of democratizing the country (O'Neill). However, one of the most important factors I do believe for the January 25th revolution is the crucial poverty that made normal citizens not able to satisfy their own basic needs; so they did find any way out of their problems except by revolting against this totalitarian regime.
In December 2007, the United States of America experienced a very scarce yet appealing setback. In fact, because of this specific dilemma between 200,000 and 500,000 were left unemployed and without a stable home. The national Bureau of the Economic research defined this nationwide downfall as “The great recession”. According to the U.S Bureau of labor statistics the unemployment rate has not made a drastic improvement since the start of the great recession. Unemployment has become that is still rising today with a slow rate of change. Unemployment is usually expressed as a number or as a percentage of a larger number. Although it has been ambiguous who has to be included in the percentage, there are members of society without a job, for whom it is certain that should not be added. Officially the unemployed are the people who are registered with the government as willing to work and able to work at a going wage rate but can’t find suitable employment despite an active search for work. In the article “why long-time employment can’t get back on track”, the author begins speaking on a ...