Communication in Economics Essay Example | Topics and Well Written Essays - 1000 words - 3

Communication in Economics - Essay Example It is, hence, no surprise that, as of this writing, statistics showed that more than half of the total population of Zimbabwe is now living below poverty line. â€Å"According to the Confederation of Zimbabwe Industry, some 620 companies have closed shop since July 2000. The unemployment rate is at 80 percent and the official inflation rate has officially topped 782 percent, by far the highest in the world, while the International Monetary Fund puts the real rate at more than 900 percent† (Chigugu, 2006) The IMF has emphasized on the needs and urged the Zimbabwe government to implement certain policies. These policies according to IMF should aim at â€Å"strong fiscal adjustment; cutting state expenditure; full liberalization of the exchange rate regime; adoption of a strong monetary anchor by reducing money supply; fundamental structural reform, including price deregulation and public enterprise reform; strengthening of property rights and halting invasions of commercial farmland; and improvements in governance.† By the year 2005, the International Monetary Fund has already rang the alarm bells about the economic state of Zimbabwe. The interest rate was on a record of seventy percentages in year 2005 while the inflation was more than three hundred and fifty percentage. The IMF further underscored the fact that the country’s gross domestic product will likely shrink another seven percent this year while some economists predict that by years end inflation could reach 1,000%. (Franceschi, 2005) And so if these problems are left unchecked, the IMF predicted an economic collapse very soon. These highlighted how poor the condition of Zimbabwe’s economy has become. Not a few literature has explored the case of Zimbabwe and its political and economic system as well as its future. For this paper, I start with the fact that Zimbabwe governmental policies in place are self-destructive in a way that repressive political and economic

Business and Society Essay Example | Topics and Well Written Essays - 2000 words

Business and Society - Essay Example Every company has got a certain number of stakeholders who play a crucial role in the growth of the company. Therefore the companies should make serious attempts to make sure that the stakeholders can also have a good growth and have good economic and social conditions. I believe that the laws that are been made by the different governments of different countries focusing on the welfare of the human beings and the society are to be followed by the company strictly so that they don’t face any kind of legal obligations. The stakeholders for the company are owners, suppliers, customers, local community, employees and management. But I think increase in welfare of the stakeholders is possible only when the cycle is been completed that is the company also in return does help the stakeholders in their growth and for having a good and happy life. The owners of the company give their money and have financial stake in the company in the form of stocks and bonds and they also expect that they get some kind of financial return from the corporation as well (Freeman, 2005). The employees do give their best and work efficiently for the growth of the company but in return they also look for a good salary and also want to avail some good facilities which can help them in having a good and comfortable life. The company should look to take care of the safety and health of the employees and also of their families. It should provide good educational facilities for the children’s of the employees. I can see that if the company provides such facilities to the employees than the employees feel motivated to work more eff iciently. For any company the suppliers do play a big role as they are the one who supply good quality materials to the company helping them in producing good quality products for the customers. So the company should always make attempts to see that the suppliers also keep growing along with the company and they also