Article Abstract:
Unemployment in the developed world should show a decreasing trend in the future, possibly to below 4% before 2010. There are a number of reasons for this. The proportion of the population which is of working age is declining, so employment will have to increase to maintain living standards, and there will be less benefit money available which reduces a disincentive to work. The tax balance will also change reducing a work disincentive, the cultural norm will change to favour employment, and structural unemployment will play a smaller part as the pace of industrial change slows down.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
It is important to try to learn lessons from the economic crisis in east Asia. Particular attention should be given to the cause of the crisis and to why observers failed to appreciate the importance and severity of the crisis. It is becoming clear that the crisis was partly the result of poor quality investment in the region over several years. Links between corporate borrowers and the banks that lent them the money were too close, causing problems when demand declined. Observers failed to foresee the crisis because the east Asian economy seemed to be performing very well.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
Many companies find that intellectual capital, rather than physical capital, is becoming the most important element in their business, but are uncertain about the best way to manage this resource. Some put a lot of effort into nurturing and rewarding their most promising employees, while others are looking to develop more collaborative forms of management. It remains uncertain which is the best form of corporate ownership for companies with a heavy reliance on intellectual capital.
User Contributions:
Comment about this article or add new information about this topic: