Spain's economy: GDP growth under debt | David Michaud posted on the topic | LinkedIn (2024)

27% of the GDP of Honduras is comprised of money transfers sent from the US to family in Honduras. The economy of Honduras depends more on cash transfers from the US than any other country in Latin America. Shopping centers and fast food restaurants across Honduras give the illusion of a growing strong economy but it's not real nor is it sustainable when the Dollars that are required to sustain it are linked directly to undocumented workers in the US. Our goal with Mission Lazarus Inc. is to provide sustainable employment with thriveable wages while at the same time having a sustainable model for discipling believers on their journey. You can be a part of that vision, check out lazarusartisangoods.com and sanlazarocoffee.com

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#Mixed economy The Founders of the country choose Labour Intensive economy model right from the beginning so as to generate employment for the unemployed or those registering theirentries in the Employment Exchanges existing at the time of early years of journey. The model worked well till 2016 as the unemployment rate till that time in the country was about 3.8 per cent.The opening up of the economy in 1990 also started well only. But slowly slowly things started slipping as we started opening up towards capital intensive mode from mixed economy model.As a result, unemployment rate in the country all of a sudden in 2017-18 doubled to some 7.5 per cent. In January,2019 the unemployment rate touched 8.55 per cent. The Government is doing its best to bring it down by granting Mudra loans and encouraging setting up of start ups in the country. At present country holds the pride of having the highest number of Start ups ever but the unemployment rate in the country is not easing up so far.This scenario in the country is now compelling policy makers of the country to review as to was anything wrong with the following of mixed economy model or where the country has gone wrong in enblock switching over to capital intensive economy over structured switching over. I think we got to give it some second thought.

Per capita GDP depends on population growthAnd in many countries also on immigrationThe pouring in of poor people that often will not get/have a job, lowers the average GDP for everybody else while raising social/welfare costs for the state and often also the price of housing.Immigrants make sense only if they are fully employed when economics needs it, as Germany did by importing up to 5 million Turkish workers 50 years ago.#gdp #economy #economics

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Sweden has negative economic growth and is the only EU country in negative territory. Sweden has Europe's (not EU - Europe) third-highest unemployment rate, but it's way higher than the official numbers because many unemployed people are hidden in various social systems.International recruiters will find hundreds of thousands of Swedes who want to move to other countries and find a new life and career. Hundreds of thousands have already left for jobs in Ireland, Spain, the US and many other countries. The number of expat Swedes is approx. 800.000-1,000.000.This is low-hanging fruit. I recommend anyone who wants to find candidates to look at Sweden in-depth. This situation will escalate, and there will be many more candidates to recruit in the upcoming years.There is nothing wrong with Swedish unemployed candidates - they are victims of a dysfunctional and minimal market on a downward trajectory. They deserve jobs and careers internationally, and Sweden has very limited capabilities to deliver that.My guesstimate is that 2 million people in Sweden are open to new careers if they get a good offer.Also, remember that Swedes can invoice globally, they can WFH if the role is digital, and residents in Sweden speak 120+ languages.

Canadian Employment; Public Sector vs Self Employment …One of the ugliest charts you could possibly see if you want a prosperous economy, per capita gdp growth and entrepreneur environment…When you are looking at the chart, think about my question:Who is paying whom?#socialism #canada #globaleconomy #gdp #selfempowerment #jobmarket #riskmanagement #investmentmanagement #selfemployed

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Sexualisation and Surplus Debt of Migrant Domestic WorkersThe economic contribution of Indonesian Migrant Workers (IMWs) are very significant and certain for Indonesia. IMWs working in placement countries, such as Malaysia, Singapore and Hong Kong, contributed 9.8% (USD 1.1 billion) of Indonesia's total remittance income of USD 11.2 billion in 2018. Hong Kong, as one of the countries the biggest users of migrant domestic workers (MDWs), received a GDP contribution of USD 2.6 billion of the total from MDW’s the value of care. However, the value of care of the MDWs has not been seen as a determinant factor in economic growth. MDWs are still classified as second-class citizens. Many MDWs, including IMWs, are entangled in debt problems from various moneylenders. My research aims to further understand IMW's position as "the place of mother" in the capitalistic-masculine economic system. Specifically, it wants to explore IMW's unconsciousness in deciding to owe moneylenders. In the longing of the debt problem it appears that IMW's "body" continues to be utilized as the backbone of the family and contribute to the country's economy, but at the same time their bodies are seen as not "there". How does the capitalistic-masculine economic system build unconsciousness that makes the value of care not the determining variable in socio-political-economic reproduction? The ethnography-observation is used to dig up information and answer these questions based on the consultation-experience of IMWs facing up to their problems and being entangled in debt from moneylenders. The concept of surplus value in Marxism is used as a platform to see IMW's contractual relations with employers, agencies and the state. The binary position overshadows IMWs process of building awareness to get out of the modern slavery system. IMWs are not seen as working class, because domestic and women's identities are reproductions of capitalistic-masculine culture. Lacan provides a logical framework for dissecting the structural "debt-bondage" of culture through the concepts of symbols, imagination, reality and symptom. Therefore, efforts to dismantle the sexualisation of surplus value become a means of breaking down the structure of modern slavery.

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I'm worried! How about you? An excerpt:Simply put, in Canada today the government sector is thriving while the private sector, which provides the resources for the government sector, is struggling and indeed grossly underperforming relative to our potential. To increase the living standards of Canadians, governments across the country must change course immediately and focus squarely on economic policies that will increase growth in per-person GDP.

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Sexualisation and Surplus Debt of Migrant Domestic WorkersThe daily consumption that must be met by the IMW is often irrational. IMW forces itself to continue sending money even if it exceeds their salary as IMW in Hong Kong. Based on a survey conducted by Experian & Enrich, it was found that among 5 migrant workers, one of them must be caught in a debt problem (The Value of Care, Experian & Enrich, 2018). In addition to the easy requirements to borrow money from moneylenders, the lack of basic knowledge in money management is one of the triggers for IMW to solve financial problems by borrowing money from moneylenders (The Value of Care, Experian & Enrich, 2018). This makes most IMWs not only fall into the trap of a debt circle, but their identity is vulnerable to being traded for cash. Through Enrich's financial counseling desk, most IMWs are ignorant of the financial law regulations in Hong Kong. They are completely unaware that their identity as migrant workers has become a commodity for the moneylenders market. Of course this fact opens up a hidden reality that has been pinned on IMW as Pahlawan Devisa or foreign exchange hero (Pambudy, 2017).The foreign exchange hero has become a very repressive term, economically and politically. Labeling as a foreign exchange hero has closed the deepest realities of IMW's life that must earn money using the value of care and the body of work (Cohen, Hardy, Sanders & Wolkowitz, 2013) as female migrant domestic workers to employers and moneylenders. So far, we know that IMW remittances are only generated from their salaries as migrant domestic workers, but not much has been disclosed about how IMW should struggle to escape the debt-bondage circle. By giving themselves as sellers of the value of care and their body work as domestic workers, IMW has made a tremendous contribution to improving the economy for both Hong Kong and Indonesia. The presence of IMW with the value of care contributed to an increase in women's participation of productive age, increasing by 23% to work in the formal sector (The value of care, Experian & Enrich, 2018). Meanwhile, self- identity as the body work is a guarantee for moneylenders to get interest from the debt they borrow.

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This is the hidden truth that everyone is too afraid to speak of. Western economies need young able-bodied workers to fill the increasingly large void. With ageing populations and stagnant growth, an injection like this is a chance to reinvent the economy to suit the needs of modern times.But are leaders too shortsighted to see this? #Inflation #Economy #Immigration

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A global employment divide between high-income and low-income countries is worsening as rising debt levels hit developing countries disproportionately, the International Labour Organisation (ILO) said on Wednesday. It urged nations to offer global financial support on job creation and social protection to help narrow the gap. While global unemployment is expected to fall below pre-pandemic levels to 191 million this year, a rate of 5.3%, low-income countries lag in the recovery process, said the ILO's 11th edition of the Monitor on the World Of Work.https://lnkd.in/ghju26qj#lowincome #countries #leftbehind #without #jobs #ilo #report #jobs #globalemployment #divide #rising #debt #developingcountries

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