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Compare and contrast the macroeconomic performances during 2010 and 2011 of the United Kingdom and Brazil - Admission/Application Essay Example

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Macro and Micro-Economics Name of University Introduction This paper identifies and compares the micro and macro economic infrastructures of the two important countries, namely, The United Kingdom and Brazil. It also would discuss briefly upon how the flaws and demerits of economic policies of either country can be overcome and what steps should be taken to achieve this…
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Compare and contrast the macroeconomic performances during 2010 and 2011 of the United Kingdom and Brazil
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Download file to see previous pages While on the external side, United Kingdom has lost a fair bit of export market share over the last decade, but a little stabilization has been there to see in the last few years. The loss took place without despite of the fact that there was a substantial downgrading of the sterling during the years 2007-2009. On the other hand, Brazil re-initiated its macro- economic policymaking organizations in the late 1990s. The initial policy making mainly focused upon the combination of targeting the problem of inflation with flexible exchange rate. This and such other reforms had been done to stabilize the macro- economic department of Brazil and also to enhance the abilities of the policy makers to encounter adverse situations. But still, the framework needs to be refined to a great extent in the near future to help the country touch the heights of the GDP per capita income that is enjoyed by many developed countries also to cope with the rapidly varying and fluctuating economy of the world. The main purpose of this in-depth paper is to investigate and present the findings of the AMR regarding the macro- economic structure of United Kingdom and to compare it with that of Brazil’s (Altman, 2011). ...
Moreover, a buyer competition had also increased a great deal for a solid supply of housing, which resulted in the rapidly increasing prices of houses and ultimately, all these factors influenced to the accumulation of historically high levels of mortgage debts. Not including the financial corporations, the value of the total gross debt in the private sector reached at 212% of GDP by the end of 2010. The crisis affected the macro- economic structure of UK quite badly. The public finance department which was considered quite stable department in the pre-crisis years, unexpectedly deteriorated quite quickly. As a result, the UK authorities had to intervene in this matter extensively in the large and vast financial sector of the country by introducing nationalizations, capital injections and guarantees. The guarantees, along with the lower tax revenues and the operation of the automatic stabilizers prompted by the economic downfall, raised the debts of the government very quickly with the percentage of GDP from 44% to 80% in the years from 2007 to 2010 (Crouch & Mclean, 2011). On the other side, he main hurdle for the authorities of Brazil for the next coming years to stabilize the economy without the involvement of speculative flows. At the same time, the discouragement of the capital inflows related to the longer maturities should be checked as this would be the primary goal of the finance investment. Taking a look at the macro-economic situation in Brazil in the last two years and comparing it to that of United Kingdom, evidence is present in limited amount regarding the effects of various policies addressing the issues such as inflation and capital inflows; it is very wise ...Download file to see next pages Read More
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