Increse the purchase power of common man in third world contries. Arrange the human face to the Economy. Develop the productive relations not for profit but for society. Increse the Agree production not Realestate.
Answered By: RAGHURAM - 4/4/2009 |
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Now The Meassure taken is "Pump in the Funds" But mistake done by that people are not taken punisable/It may not be termed mistakes,They are "The risk With probability more than 50?
Those Greedy people should be Punished And it will be the start of theclearing the crisis.
But it is to bell the cat!
Because There are people --------------- You can understand
Answered By: ponnappan s - 4/4/2009 |
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People shud try for jobs in different fields even if thats not the field they had in mind.
Even if they dont get a job they shud try to improve their skills as this will increase their chances of getting a job.
People shud also be willing to work even if salary is less coz the global economic situation is not that good.
But mostly i think only the governments have the power to change the situation.
I read in paper that there cud be upto $11trillion of black money hidden in safe havens. If we can get that it cud be used to improve the economy. Also we can know the extent of corruption and put those corrupt people behind bars.
Answered By: ankr - 4/4/2009 |
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Big spends by national governments on poverty alleviation programmes, job creation and easing curbs on capital movement globally without 'conditionalities' will help a lot.
There are hordes of projects that can be funded by the IMF all over the world:
linking national/international rivers.
Desalination plants
Massive recycling projects to recycle plastic, urban waste and even human excreta.
Destruction of nuclear warheads but converting nuclear energy for safer power plants
Massive education and health programmes and so on.
Gulf petrodollars and Swiss bank hordes should be laid out for this purpose.
Source(s):
OWN THOUGHTS BUT OF COURSE A STUDY OF LEADING ARTICLES BY REPUTED ECONOMISTS HELPED ME FORMULATE THESE
Answered By: yesjee - 4/4/2009 |
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The root cause of this current Global economic crysis is "INTEREST BASED BUSINESS." and " FUTURE TRADING" in share market. As we can calculate, the total real investment in the Global Economy is about 65 trillion US Dollar but Future Trading Share investment is about 600 to 800 trillion US Dollar, which is much higher than the real investment. Probably the chances are always high for the manupulation of the actual cost. It should be restricted by the Govt.and should be treated illigal!
Due to the higher rate of interest, govt. have to mentain the same rate of growth. Due to this, the cost of the thing become higher and make a gap between the consumer price and the actual cost of the product.
We should think about interest free Banking System. The chain system of the interest should be stopped!!!!!!
Answered By: Manawar - 4/4/2009 |
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1. Reduce retirement age to 50 years.
2. Make 3 years military service mandatory for all kids celebrating 17th birthday.
3. Increase age of consent to 25 years.
4. enforce punitive taxes on cigarettes, alcohol, luxury goods and investment banking.
5. remove all taxes and heavily subsidise all enterpreneurs in primary sectors.
Answered By: ksr1sh1 - 4/4/2009 |
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Global markets are said global because they function together. I purchase an american product and inturn an american purchases an indian product and this keeps both the countries in good times but if i start dumping products for throw away prices into america then the local companies will go down. The same applies to the job market, if one country starts offering jobs for peanut salaries compared to what america can then eventually all the companies (U.S) will move to india for cutting costs, now if that happens its a great thing but again if all the companies move to india then local americans will also lose jobs which inturn means that they will stop buying products, which inturn means the companies which moved to india will no longer have any customers to offer their services.
Since it is an international problem, americans should start purchasing more all-american products to save their ailing industries. This will hit china badly but if american companies fail then the jobs associated with them will also go which inturn means that the biggest consumers of products will come down heavily. I am an indian but somethings which i say may not sound music to some people, including my own people...
We should not forget that america still is the biggest consumer. India, china and even europe combined cannot beat america for consumption of goods. I am not saying that china or india cannot enjoy economic success but they should do it in a balanced way. Remember, that if some people think that bringing down america economically will help them then they are wrong. I seriously feel that our bussiness leaders did not behave responsibly when bringing american jobs to india. Forget about the jobs coming to india, indian companies behaved ruthlessly when it comes to H1B1 visas. Bringing down cheap labour from india and employing them in U.S perhaps was very bad for the economy as more and more americans went out of work and eventually the biggest consumers became cautious while spending.
This economic downturn was bought about by collective failures not individual ones. Economic growth for one country should not mean recession for the other because that will bring down all the economies even the ones which are growing at a good rate.
If it has been a collective failure then it should be a collective effort to get ailing economies out of trouble. While growth in india and china is great, it should not cross boundaries of insanity to bring down old economies.Thats what i call a bubble economy, all this time we were living in a bubble and were happy that india and china have grown exponentially. Remember, we all depend on each other and believe it or not, world economy is very much like a family. If one member is seriously sick then it affects the other. Badly.
Answered By: Turn pike surfer - 4/3/2009 |
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The entire world should restrict America from giving another scenario of war like Iraq and Afghanistan.
The currency should be unique for all the countries for business purpose.
Answered By: jiya - 4/3/2009 |
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I think the problem started with credit and over leveraging by banks. While this is being addressed by the support funds being pumped into the system, .....it would be better if organizations once again start lending of course with proper evaluation
and one more thing
1. habit of spending without money .i.e credit needs to be reduced
2. work with a positive attitude
Answered By: bear - 4/3/2009 |
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There are some economists who think very big I am not a economist but will talk the common man.
In my views the government instead of spending by giving it the industries shall give it directly to the people who further shall spend it.
The tax to be more on the riches who can afford it and wages to the govt employees to be increased the salary of the top CE Os to be decreased .
The cost of the production in the developed countries to be decreased by other means not by reducing the salaries of blue coloured workers but by reducing the salaries of white coloured workers who draw more salary and reached a saturation Point in buying.
The government shall expand more on the infrastructure then to expand on the subsidies which only serve the political purpose.
The countries shall reach a pact where the movement of labour and the material can move any where in the world without any restrictions which will certainly bring the improve ment in the demand and the supply so that a man can come for some time work and go back to his country.
Answered By: bali - 4/2/2009 |
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There are three causes for the current global economic crisis.
1. The root cause of glabal economic crisis is acceptance of US $ as international currency.
a) Americans print $ at the cost of paper and buy world produce at the rate of peanuts.
b) US $ will bust in say 10 years from now.
2. The unholy International American Banks lending for greed of profit.
a) Nexus between builders and money lenders
b) Hard earned money of depositors are handled carelessly and without responsibility.
3. Other currencies of the world are weak. No currency at present is capable of replacing $ as international currency.
a) Euro has got no backing of production of wealth in europe, which is not much in comparision of world production of wealth.
b) Japan backs $ and Yen is not allowed to be at the centre of world currency.
c) Chinese & Indian currency if combined with other asian countries can float their own currency which can replace $.
Solution: International currency, from International Bank of the World, is needed which is not of any country. All currencies of the world will derive its rate from
1. The GDP of that country in comparision of World GDP.
2. Wealth of the country in comparision of World Wealth.
3. Value of the essencial goods in respective countries ( Purchase power of local currency)
All financial institutes of the world should be connected to International Bank of the World. Institutes like IMF and others has to be strengthened.
All financial institutes should follow world law in dealing.
Drawback: Americans will not like to divulge their power of $. They will fight tooth and nails to regain their so called glory with the expense of other countries.
Time is teaking: ONLY Five Years at the most is in hand to do the task, otherwise all world will go down with US $.
Answered By: Bhalchandra T - 4/2/2009 |
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Make people spend more money,give them a buying edge tempt them with offers,get back the money circulation and i think we should make all our politicians spend instead of hoarding.people are following in their footsteps.
Answered By: xela - 4/2/2009 |
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Governments need to motivate the public(each and every individual) so that everyone feels that he/she has to do something(even a little bit) for the recession. Saving even a penny in such great recessions have a cumulative effect(considering the huge population of the world). One shouldn't consider that one person's effort is meaningless. No one person can do anything. We need everyone to stand up and fight recession. Saving is the main point, but not at the cost of firing employees. The overall expenditure has to be cut, so the exorbitantly payed CEOs and other high officials of companies should drastically cut down their salaries. The salaries of other general employees can be also cut down reasonably, but firing is not the solution. It's every man's fight against a common enemy: global recession..... and people have to stand up to it themselves.... and governments of every country should colloborate and fight it as one unit rather than only for their country.
Answered By: ♥Hot Guy®™© - 4/2/2009 |
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Answered By: Zsolt H - 4/2/2009 |
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Some of the great minds are addressing this issue , right now , in the various countries . We cannot ask for anything better than this . It is not just the economists who are involved . Sociologists , scientists , free thinkers ... are all involved . They feed their findings and recommendations to the country heads at the G 20 summit. The world expects that these recommendations will be implemented and monitored . So far so good.
Then what goes wrong after this? It is in this implementation that individual countries fail. These country heads may have their own political compulsions and ground realities that make them hesitate to take harsh decisions to implement , fearing some backlash and loss of political base . At this crucial point there is no accountability This is where the G20 and United nations should address the issue .
In the earlier years Security of the nations and common natural calamities made the countries come together under the banner of the United nations.Today economic crisis is equally , if not more , an international issue . The United nations should be given powers to pull up wayward countries if they fail to implement the G20 recommendations . If a country head of a rogue nation can be tried for treason and murder of citizens ( at the Hague court) an economic offender of large proportion should also be hauled to the world court for that offence . G20 countries` heads will call this an 'internal matter' and shut the UN out ! This should be changed . An AIG , a citi bank , an auto maker failing anywhere in the world spills on to the world follor and a few greedy people are responsible for these manipulations . These rich people challenge the governments with their own crooked legal ways . if these people are hauled to the world court the world will know their misdeeds. But this is a mere wishful thinking . It will not happen .
Alternate energy holds the key to turn the world to another direction . 30 years ago oil changed the economy and lives of millions in the middle east . Mere deserts got converted into oasis and the dollar reserve and dollar trade in oil is choking the world. Find a new energy . and we will find new avenues opening up. May be Africa. May be south america.
Implementation is the key.
Answered By: YD - 4/2/2009 |
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Honesty....the lack of which has brought this crisis on us....solution.....be honest in all your dealings at all times....money lenders, Sellers, service providers, rulers , bureaucrats and entertainers to be open and to be honest in future...please...only honesty will pay and earn trust.
Answered By: awaken.dawn - 4/2/2009 |
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The below you can see my options;:-
1) Increase Public Expenditure in those productive projects where money flow or cash flow take immediate effect i.e. which leads to quick generation of National Income
2) Make Tax structure of the country where revenue generation is cost effective.
3) Countries all over the world should avoid protect ism
Source(s): TV an AIR
Answered By: RAMESAN THAMPI P S - 4/2/2009 |
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Its a good question for to days world. I think it can be cured from its roots only with unity between all the citizens. The government is required to frame a little strict regulations & the citizens duty is to obey them with at most sincerity. In case the government is silent then we should protest & appeal. all the governments should take the responsibility to help each other $ solve the crisis. last but not the lesat , "get up world get up".
Answered By: Anamika - 4/2/2009 |
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Revert to SIMPLE LIVING and get rid of all unnecessary things from your life. Things like TV, ipod, mobile, etc. However we may be too late to adopt this I believe.
Answered By: Prav - 4/2/2009 |
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We should remain honest ,we must stop consuming more than we earn, try to learn from this ,we must use the credit facilities honestly and repay things on time.stop being greedy and we must grow steadily and should not create things which are costly and unnecessary to our society.
Answered By: kkr - 4/1/2009 |
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First, Governments of all countries should lower down the interest rate on all types of loans like housing/car etc and increase loan periods so that these industries do not brock down and employment lay off do not effect. Purchase /sale power will be remain in static, there will be no slow down in any industries.
Second begest industry is Civil Aviation, there should be lower down of government taxes on airlines and other users of airports so that travel and tourism is not effected.
I hope above two steps by all governments would help in solving global economic crisis.
Answered By: kanaiyalal p - 4/1/2009 |
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The present global economic crisis is mainly due to our own lack of decision making skills. If each one of us struggles to make ends meet then naturally, the service providers will also try to avoid making quality improvments to existing systems. Have faith in the economic summits and leadership forums that are occupied by younger generation of MBA's, CA's and Management Gurus. Certainly the words of our mentors will live on with us in our efforts to guide India towards safety and economic freedom.
Increase spending and keep investing in Nationalised Banks via Fixed Deposits and Current Accounts. Keep depositing your funds in safe and secure networks. They will grow and you can reap the benefits in the longer term.
Source(s):
CB 1038
CB 2 13525
HDFC BANK HIRANANDANI GARDENS 108
HSBC INDIA OFFICE 19111984
Answered By: Santhosh S - 4/1/2009 |
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Only one way to tackle globel economic crisis,that is keep islamic judgment your nation building policy
Source(s):
'Qurhan,Hadeedh,intellectual speech and prosse
Answered By: fighter - 4/1/2009 |
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Put toothpaste in an Oreo cookie and give it to them to eat!
Answered By: PrincessBananaHammock - 4/1/2009 |
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The economic slowdown is due to the saturation of the market. the employees are not getting salary and hence they are not purchasing anything and so the companies are not earning anything. i think that if we were able to produce something new, something people come to buy in this economic crisis too, the markets will get money and the employees will will get money and they will buy new goods and the process will go on.
also we have to cut the salaries of the upper class employees to an extent that that they can meet their requirements and provide the salaries to the starving other employees then many other employees can get their living.
someone has to take the risk by investing money or the flow of money comes to an halt.
actually in countries like india and china have not been affected to that extent due to the better economic policy. also in india it is mainly the high earning people who have been affected. the high earners have invested in the real estate business which has fallen down and gave loss to the higher end people. i don't think it should be considered as effect at all since they are now learning not to spend lavishly. also the people who lost employment are the incapables. they should learn that knowledge has victory.
in the other countries someone should take the loss of investing money to produce something new. then it provides salary to the people which makes them buy everything. then the producers will mushroom to attract the consumers and the other employees will start to earn. the flow of money starts and the recession comes to a halt.
Answered By: aveem - 4/1/2009 |
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When your resume and business card say "freelance librarian" people are often interested in what you do for a living. Finding the right niche in a tough job ...
Source(s):
When your resume and business card say "freelance librarian" people are often interested in what you do for a living. Finding the right niche in a tough job ...
Answered By: kajal - 4/1/2009 |
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Answered By: Alex - 4/1/2009 |
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G******d- thats if you are already not laid off.
Answered By: labrador - 4/1/2009 |
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Economic crisis is not only a single country problem it worldwide so in many country cutting the job and salary's fist should be try avoid elections,terror activities,ad try improve former crisis,give importance to be the banks development,provide employment oppurnities.
Answered By: Prakasha N N - 4/1/2009 |
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Every individual should start working hard, you will grow...in turn your company will grow and in turn your country will grow. Opportunities will come ur way automatically...
Answered By: mani - 4/1/2009 |
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Hope that China gives Obama economic lessons
Answered By: Jim Bay - 3/31/2009 |
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I think having 1 international currency is the 1st step. Since we are so interconnected it would help stabilize economies around the world.
Answered By: Ramman - 3/31/2009 |
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War has been connected to the economy and survival of so many persons, places and things that war is the major problem. Everyone gets drawn into wars and they are no better than a sink hole for all of us now and in the future. Close the hole and we might stand a chance to be joyful people making our best places to live and work and make thing for friendship sake.
Answered By: s7e7v7e7n7 - 3/31/2009 |
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PROTEST!!! WRITE TO YOUR POLITICIANS although I doubt this will sway them.. PROTEST
Answered By: citoyen du monde - 3/31/2009 |
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Don't leave current job if your boss decrease your salary
Answered By: Hind - 3/31/2009 |
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Demand Obama's impeachment. That's the best and first step.
Answered By: Randy F - 3/31/2009 |
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Global Economic Crisis originated from america due to mistake of multinational bankers because they lend money to those people who did not qualify basic primary conditions of borrowing money from the bank
and this continuous lending of money lead world in the crisis of sub prime crisis and finally reflection of this crisis is before us in the form of current global crisis (ie slowdown) it is because of low credit with banks or people are in fear of losing there money by investing in companies because companies shares are showing different picture
Help: -
1) increase public expenditure in those productive projects where money flow or cash flow take immediate effect i.e. which leads to quick generation of national income
2) make tax structure of the country where revenue generation is cost effective.
3) countries all over the world should avoid protect ism
Source(s):
news reviews in DD news and AIR
Answered By: nandan singh - 3/31/2009 |
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