Employment System in Middle East Essay Example | Topics and Well Written Essays - 2250 words

Employment System in Middle East - Essay Example In the third section, a linkage is created between the poverty and employment. In the forth section, linkage of social welfare and employment is created and finally in the last section conclusion is given. Middle Eastern countries comprise of the following countries, i.e. Iran, Iraq, Kuwait, Bahrain, Oman Qatar, Saudi Arabia, UAE, Yemen, Israel, Jordon, Lebanon, Syria, Turkey, Cyprus, Egypt, Gaza Strip and West Bank. Not all of these countries are well established but there is a good demand of employment in these countries, especially Africa and Dubai. The Growth level in this system is emerging with the passage of time but unemployment rate has not declined to a greater degree. There is still a large amount of population unemployed. This paper focuses on the linkage between the poverty and employment & social welfare and employment. The section three and four will emphasize the two concepts in detail. In 2004-2006 when all the rest of the world was going through a recession in the employment industry, some middle-eastern countries passed through the job creation phase. There was employment opportunity in these areas because the private sector showed major development. There were a lot of foreign and domestic investments made by the local and foreign companies that boosted, enhanced and created job opportunities for the unemployment class. These job opportunities catered well as not only were the demand of the young, energetic, talented and capable people met but also these unemployed workers now were provided with the platform where they could put their best efforts to achieve their potential goals. But it sad to state that apart from all the opportunities, the unemployment level in the Middle East was still very high and a major sector of the workforce still remains unemployed. Middle East is also faced with another disappointing workforce practice, i.e. discrimination has been observed in the middle-eastern countries, as women who are a foremost source still experience through a high level of unemployment rate. It has also been stated that middle-eastern women are more talented and educated than as compared to men but regardless of all the efforts made they are still lacking far behind. This discrimination is widely observed in Egypt. The Middle East is experiencing high economic growth rate and it has been stated that from 2004 to 2006, its real GDP per capita had a 4.0 percent annual increase. But despite all these growths, Middle East also suffers from 25 percent youth employment (which is the recorded as the highest among all regions). Among the employed the highest level are new job seekers of age range of 15- 24 years who account for 50 percent of the unemployment in the region. On the other hand young people with secondary and post secondary education are also faced with employment issues such as mismatching skills and long queues for

Australian Economy Essay Example | Topics and Well Written Essays - 2000 words - 2

Australian Economy - Essay Example The unstable nature of growth however affected the general economic climate in a way. For instance, because the economic wave stability was generally unpredictable, investors could hardly predict what the future held for them in investing in Australia. Specific Governmental and Reserve Bank Economic Policies that were introduced in the last 2 years - Budget The budget has the tendency of deciding the future economic hopes of a country because it serves as the blueprint economic policy implementer. For this reason, the government of Australia took certain important steps by way of their budget that were directed towards ensuring economic growth. One of such policies through the budget was the fact that the government through the budget encouraged the establishment and opening of new small and medium scale businesses by the introduction of Small Business and General Business Tax Break, which was â€Å"expanded to allow a bonus deduction of 50 per cent to small businesses with a turnov er of less than $2 million that acquire an eligible asset between 13 December 2008 and 31 December 2009 and install it ready for use by 31 December 2010† (Australian Regulatory Compliance Review, 2010). Again, the budget was highly focused on human resource and labor in general as the pension age was slightly increased to 67 years. This was aimed at retaining and cheering experience in the labor front and ensuring that the human resource base to man Australia’s economic drive was not depleted. Finally, the government saw a lot of hope in the future of the economy of Australia, planted in the need for the country to be self sufficient as far as production is concerned. For this reason, â€Å"The Federal Government used the Budget to launch a new paper on innovation that powered ideas paper canvasses proposed improvements and incremental changes to the existing National Innovation System† (Australian Parliamentary Library, 2010). - Interest Rates The last two years were years that the world as a global entity was resurrecting from previous years of economic shock, meltdown, crisis or however it may e described to depict an undeserving situation. For this reason, it was very important that the policies by the reserve bank and government would be centered on the people and empowering them to be investment oriented. For this reason, the periods of 2009 and 2010 was one season that the reserve bank maintained most of its lending and interest rates. The reserve bank with consultation with the government also ensured that the interest rate was generally low and affordable for borrowers. In some cases, there were even downward cuts on the interest rates and reasons for these decisions included the need to boost the demand for credit to undertake investment projects as demand for credit rose just 0.6% (Rate Detective, 2011). Again, there was the need to conform to global trend such as China cutting its official interest rate by 1.08% (Rate Detective, 2011). Such a move was necessary to ensure that investors did not opt for countries with lower interest rates but for Australia. - Export Promotion Policy In times of economic recovery, exports have been identified to be more profitable to countries than imports (Koduah, 2008). This is because exports attract a lot of revenue in the form of taxation. Knowing this, the Australian government over the last two years was not blind on putting measures