Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Austerity and Stimulus Dispute - Assignment Example

Comments (0) Cite this document
This paper " Austerity and Stimulus Dispute" focuses on the fact that austerity or stimulus has been the most common debate heating headlines in most western countries. For example, Britain's coalition government, Germany, and the Tea Company located in the USA support the austerity topic…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.9% of users find it useful
Austerity and Stimulus Dispute
Read TextPreview

Extract of sample "Austerity and Stimulus Dispute"

Download file to see previous pages A good example is what is being witnessed in Greece where the economy has been observed to decrease by 5% every year. Governments should adapt to the idea of spending to boost the economy and also concentrate on balancing the books as the private sector facilitates the economy to rise. It is strange how the people who believe in austerity see this as an impossible move and believe that you can not spend when you got a debt. Keynes Theory The stimulus vs. austerity argument arises the debate about if the money supply should be increased or reduced. The difference between function one and function three views of money brings up a big debate. Also, the creditors and debtors have a conflict of interest here. Creditors prefer level three. They are more concerned with the store of value and want their money to increase value and be worth something when they are paid back. Debtors propose to earn less money and pay back real terms. Multiplier The battle between austerity and stimulus mainly bases around money as a vital factor that greatly determines there strength. Money functions are sub-divided into three which include: a medium of exchange, a unit of account and a measured store of value. These three functions bring out the difference between the stimulus and austerity. In the first function where money acts as a medium of exchange, it is a physical representation of a transaction. In such a case, money can be represented in the form of coins, golden bullions notes and even cowrie shells. Whereas at the same time the medium of exchange may not be physical like transferring money from one bank account to another through a BACS transfer. The digital tokens are later transferred between two computer systems (Lendman,  2013, p. 10)
10) Money also functions as a unit of account where it is basically used as a common unit for measuring the difference in value between two commodities or more. For example in the barter trade economy, you can exchange two sheep for three goats whereas in the money economy you can value the goats for six shillings. Money functions as a unit of account in that it tells what things are worth. For example, a sheep is worth three shillings and a goat at two shillings. The other function of money is as a store of value, in this sense, money is attributed by the fact that it cannot be spent immediately it is gained. The view of money as a physical medium of exchange improves the economy positively. An increase in physical exchanges increases the level of trade thus leads to quick economic growth. If money is perceived as a store of value then it will negatively contribute to the economy. The less the amount of money stored, the more valuable it becomes. Restriction on the amount of money in supply increases its value. Problems of Applying A Keynesian Stimulus Everyone would agree with the fact that we are facing an economic crisis.  ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Imagine you are a columnist or have been contracted to write an Assignment”, n.d.)
Imagine you are a columnist or have been contracted to write an Assignment. Retrieved from
(Imagine You Are a Columnist or Have Been Contracted to Write an Assignment)
Imagine You Are a Columnist or Have Been Contracted to Write an Assignment.
“Imagine You Are a Columnist or Have Been Contracted to Write an Assignment”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Austerity and Stimulus Dispute

The Importance of Alternative Dispute Resolution in Settlement of Civil Claims

...Running head: ALTERNATIVE DISPUTE RESOLUTION The importance of Alternative Dispute Resolution in settlement of civil claims. of the [Name of the University] Alternative Dispute Resolution or ADR is a mechanism that has proved to be very useful in settling civil disputes without involving the court for that purpose. In this method an independent and unbiased third party settles the disputes between the disputing parties. The utilization of the alternative dispute resolution procedure is constantly on the rise in resolving disputes. The Judiciary and legal professionals have increasingly resorted to this stratagem. Lord Woolf’s 1996 report Access to Justice has highlighted the importance of the alternative dispute resolution...
9 Pages(2250 words)Coursework

Alternative Dispute Resolution Based on the English Legal System

In early England, the King’s common-law courts were seen to be effective in dealing with legal matters and provided better justice. These common-law courts were the competitors of the usual manorial courts in providing justice in a faster and more inexpensive manner. At present, the administrative tribunals have become a part of the legal order. Furthermore, they act as an alternative means to resolve disputes that pertain to specific areas (Mackie).

Arbitration in an international context was established by the Jay Treaty between the USA and the UK in 1794. The Permanent Court of Arbitration was founded in The Hague in the year 1899, and it consisted of several arbiters for international conflicts. This court had...
11 Pages(2750 words)Term Paper

Dispute Settlement between States: The Iran-U.S. Claims Tribunal Case and the La Grand Case

...DISPUTE SETTLEMENT BETWEEN S: THE IRAN-U.S. CLAIMS TRIBUNAL CASE AND THE LA GRAND CASE Introduction Peaceful settlement of international disputes is considered the main objective in maintaining peace and security as legislated in significant principles of Article 2(3) of the United Nations Charter. The legislation states that all members of the United Nations are to settle international disputes in a manner that shall not endanger international peace, security, and justice. Article 33(1) of the United Nations Charter also discusses direct and peaceful settlement of international disputes where states are to settle their disputes by means of negotiation, inquiry, mediation, conciliation, arbitration, judicial settlement, regional agencies...
10 Pages(2500 words)Term Paper

Embracing Alternative Dispute Resolution

...1a) ADR The augmenting pressure upon the judicial system in recent years created by the “growing culture of complaint1” has arguably stretched the legal framework beyond capacity. For example, the NHS estimated that from 2000 onwards, the average time for a claim against the NHS with settlements exceeding £10,000 to reach court was five and a half years2. However, it has been propounded that “The satisfactory resolution of disputes is a key issue for any society3” and as such, “Litigation has traditionally been regarded as the dispute resolution procedure par excellence4”. However, litigation has not been without its problems and Lord Woolf’s review of the civil litigation system highlighted growing concerns regarding extensive delay...
13 Pages(3250 words)Research Paper

Work Place Dispute Resolution

... Work Place Dispute Resolution In Halsey v Milton Keynes, the Court of Appeal held that: (1) the court cannot require a party to proceed to mediation against his will on the basis that such an order would contravene the party’s rights to access the courts under Art. 6 of the European Convention of Human Rights; and (2) to impose a sanction (and in particular a sanction as to costs) on a party who has refused to give mediation a chance, the burden is upon the party seeking the imposition of the sanction to establish that the party who refused to proceed to mediation acted unreasonably (Linder, 2008, pp. 123)1. However, Sir Gavin Lightman differed with the principles set out in Halsey and observed that: “No thinking man can...
16 Pages(4000 words)Case Study

Transatlantic Dispute over GMO Regulations

There has in the past been a row over the regulations of Genetically Modified Organisms (GMO) or Genetically Engineered Organisms (GEO), where different factors have been quoted by different stakeholders. The most notable of the stakeholders have been United States, Canada, and Argentina, which have brought about consultations aimed at straightening the disputes, with the European Community (EU), under the auspices of the World Trade Organization (WTO), and in respect to the “Moratorium for Regulations and Approval of Biotech Products” (Pipe SW 2008, pg 11). Based on the fact that the whole issue of GMOs rotates around a process where an organism has its genetic material altered using genetic techniques is in itself a...
6 Pages(1500 words)Coursework

Conflict and Dispute in Commercial Project

...Conflict Management and Dispute Resolution Conflict and dispute have become an inevitable part of any commercial project in every business organisation. Organisations which undertake commercial projects have to effectively curb the possible conflicts that can hinder the attainment of project objectives. This is why conflict management has attained great impetus over the years. There is a high possibility for many conflicts to take place on a commercial project. If conflict is not properly managed it would certainly affect the profitability of the organisation which has undertaken the project. Then it would be difficult for the organisations to achieve the objectives of the projects. So to safeguard against all these possibilities, conflict...
9 Pages(2250 words)Coursework

The Advantages and Disadvantages of the Different Methods of Dispute Resolution

...Application of dispute resolution method with regard to the case between Bulldozer Construction Plc (South Africa) and Fine Maker Ltd (Netherlands) Introduction: Disputes and conflicts appear to be an integral part of human life. Primitive (and sometimes modern) societies used physical power to settle disputes. But as civilizations developed, other more peaceful means of settling them evolved. The first thing that comes when one hears the words ‘dispute resolution’ is the judicial system of a country. But, even though effective, there are other methods which are quicker, less expensive, and often provide a more satisfactory outcome for the parties to the dispute. This paper is an evaluation of dispute resolution methods and will provide...
12 Pages(3000 words)Term Paper

Billion National Stimulus Plan

...Table of Contents 1.Stimulated Economy 1 2.Regulated Rates 3 1.Equilibrium Quantity 4 2.Excess Supply 6 3.Elasticity 7 1.Affordable Housing Packages 8 2.Deferred Duty 8 3.Lower Duties 8 4.Land Rent 9 5.The First Home Owner Grant (FHOG) 9 References 10 1. Stimulated Economy Beginning early 2009, the government of Australia initiated a $42 Billion National Stimulus plan in order to alleviate the industries from the impact of the global financial crisis. In light of the crisis, Australia, like the rest of the world is injecting a change in its economic picture by releasing such funds. First and foremost beneficiary of the stimulus package would be the communities. About $800 Million were allocated for various community...
7 Pages(1750 words)Assignment

Developing Countries and Dispute Resolutions

...THE ROLE OF DEVELOPING COUNTRIES IN RELATION TO WORLD TRADE ORGANIZATION’S DISPUTE SETTLEMENT MECHANISM Introduction As a matter of fact, in carryingout trade between countries, there arise disputes that must be settled. There has to be an internationally recognized body responsible for solving of these international disputes. Currently, the power to settle international trade disputes lies with the World Trade Organization which has a binding authority, therefore, distinguishing it from other intergovernmental institutions. The understanding on rules and procedures governing the settlement of disputes gives the World Trade Organization unprecedented powers to resolve trade related conflicts between the countries and assign penalties...
8 Pages(2000 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Austerity and Stimulus Dispute for FREE!

Contact Us