The Economic Growth in the US Term Paper Example | Topics and Well Written Essays - 1500 words

The Economic Growth in the US - Term Paper Example Roubini claims that the current account deficits may be related to the appreciation or depreciation of a currency (2005). A national currency weakens when the inflow of capital in the country cannot fully finance a current account deficit, that is, the supply of financing from the capital account is low (Roubini 2005). As it is seen, capital inflows and outflows play an important role in this relation. Short-term and long-term interest rates, political risk factors, the GDP growth rate, and other economic factors determine the capital flows and are the direct causes of the currency fluctuations. Roubini calls all these â€Å"the law of gravity† for a currency (2005).   Still, as it was mentioned above, sometimes the laws of gravity are defied (Roubini 2005). The current account deficit worsens so much that the trajectory of its falling recoils reversely on the national currency. In 2005, the US dollar appreciated despite all dooming predictions. Which were the factors responsible for such a turn? According to Roubini’s opinion, there are three major factors that made it possible for the US dollar to maintain its status quo: 1/ The US short-term interest rates were kept tightened as compared to Europe and Japan, where they were on hold;   2/ The economic growth rate in the US was higher than in the European Union and Japan; 3/ The US Government adopted the Homeland Investment Act as of October 2004, which was meant to allow companies to repatriate offshore cash balances at a reduced tax rate (Roubini 2005). In 2006 the US current account deficit sloped down even more dramatically than during the previous year. According to the latest data, it increased to $218.4 billion in the second quarter of 2006 (Weinberg 2006). Economists do not cease to debate about the real and hypothetical explanations as to the causes worsening the overall picture of the US economy, in general, and the current account deficit, in particular. To generalize different standpoints, all debating boils down to two groups of explanations: domestic and exterior causes.

Social Netwoking Essay Example | Topics and Well Written Essays - 1000 words

Social Netwoking - Essay Example Nowadays joining websites such as Facebook and Myspace have become a norm for the whole society. Increasingly it is seen that the younger generation is being diverted to these networking habits. Social networking has become a topic of debate these days as it is seen that many researches are being carried out to find out the pros and cons of it. This essay would revolve around the pros and cons of social networking and would present a conclusion as to what should be done with regard to the problems that it actually poses (University of Minnesota 2008). The stigma of social networking is spread all over the world to places like Pakistan and India. It has been found that social networking has many benefits when it comes to the younger generation. A study done by the researchers of University of Minnesota concluded that around 94 percent of the people use internet in which around 77 percent of them had a profile on a social networking site. The research found out the positives of social networking and related it to the skills of technology. It has been found that social networking helps in increasing technological skills along with creativity. A researcher was stated as saying â€Å"What we found was that students using social networking sites are actually practicing the kinds of 21st century skills we want them to develop to be successful today† (University of Minnesota 2008). These social networking sites can help the educators to inform the younger generation about possible topics through these social networking sites. The educators can use these social networking sites as a tool to inform and educate their audience in a way that an interest is created amongst the students (Warner 2008). Another positive of social networking websites lies in the communication that it may provide in times of emergency. Researchers have found out that these networking sites can prove to be a great tool for the transmission of information from one area to the other. In natur al disasters such as earthquakes or human influenced disasters one can easily transmit information on these social networking websites faster than the traditional media. It can help in the diffusion of information from one area to another so that everyone is informed about the calamity. It is also found that the social networking websites such as Facebook have allowed disaster management organizations to work on the website so that they can create awareness amongst the masses of the society (Inderscience Publishers 2010). Social networking also helps people to integrate with the society if they are suffering from problems. People who are suffering from social diseases such as autism are at ease when talking on the internet. Thus these social networking websites provide an advantage to these socially impaired people to talk and get engaged in conversations. It has also been found that social networking is helping people to communicate easily. While social networking has its own benef its it also has certain disadvantages which should be kept in mind when analyzing these portals. The most potent drawback of these websites is that of privacy when it comes to certain issues. It is seen that these social networking websites do not have strict privacy settings when it comes to its users. A research found that personal information of users is leaked out to the websites which help in tracking the users. A social networking