The Year 2021 in America sees another political season setting in. The new governance under the rule of Joe Biden and Kamala Harris is bringing more hope for the nation. Their strategy, governance and political exercise can impact the economy. In turn, the economic cycle will strongly depend on them. The American people are hoping for a better year despite the impact of the pandemic. With the new administration they are faced with many issues and problems. The new administration is steadily coming up with strategic plans to meet these problems and generate a solution. They want to prove to its citizen that America will again be a great nation regardless of different economic conditions. During the political noise of the election season, Americans will have to work hand in hand with the new Government. They should continue to work and build back the economy.
Not too long ago the buoyant economic growth made it a place to go for good returns on investments. But since this pandemic started, and especially when the lock-downs in many countries have taken effect, many countries have fallen far behind in terms of return on equity. This is a figure that represents the net income of a company as a percentage of the value of shares issued in it. The different government and their politics are doing their best to cope up with this ordeal. Many nations are hoping that this will soon overturn. They are praying that this pandemic will be over. With the introduction of the new vaccine for COVID 19, they are hoping that the economy will recover. Many successful businesses and company’s has gone through these stages to survive the pandemic:
- Restructuring the company
- Selling non-core businesses and
- Improving transparency
There is a long way to go for economies to fully recover. We are just hoping that it will be soon.
The economy and politics are inextricably linked. No politician can avoid including economic policy issues in his arguments. And in the economy, too, there is no success if one does not keep a constant eye on political developments. This affects companies as well as associations or trade unions that are active in this area of tension. All these employers need experts who understand the connections between politics and the economy and can analyze how they influence each other. These specialists are trained in the Politics and Economics course. For individuals who want to study politics and economics and encounter financial issues, they can take advantage of loans for bad credit.
Career prospects with a degree in politics and economics
The graduates who have studied politics and economics work after their studies in a wide variety of areas in which political and economic issues collide and interact with one another.
Typical occupational fields and employers are, for example
- Public administration bodies
- Federal and state ministries
- Political interest groups
- Lobbying associations
- Business in the free economy
- Business consulting
- National and international organizations
- Public relations agencies
- Media company
- Education sector
- Research institutions
Due to the special orientation of this course, the graduates have an advantage compared to pure economists or political scientists when a position specifically involves the interlinking of politics and economics. The Bachelor’s degree in Politics and Economics is the ideal starting point for a subsequent Master’s degree in politics or economics.
How much they can earn after completing their studies depends on the employer, the industry and the position.
Who is the Politics and Economics degree suitable for?
Those interested in studying politics and economics should have a keen interest in political and economic topics. You should enjoy analyzing these on a scientifically sound basis. Solid math skills and good English are also useful for this course.
With regard to the grade point average, many interested parties can study in this course, if they pay attention to the numerous clauses when choosing the university.
Where can you study politics and economics?
Prospective students can study politics and economics at several universities. It makes sense to choose a location that is close to political organizations or institutions.
Politics has a huge role on the economy of a country. During elections a candidate has his platforms to make the economy flourish. If this candidate is elected and put into power, he should implement all his promises when he was campaigning. If these promises cannot be fulfilled this may have a great impact on the nation’s economy and standing. Leaders of a country should make sure to run the nation towards greatness. It is vital that citizens should put into power a leader who is deserving and great. We all know that politics decide the fate of every economy. If the public is educated and wise the leader they will elect will be very effective thus the nation will surely follow a path to progress. If the public votes with analyzing and thinking, there is no doubt that the politician who has no political will will be its leader and will surely harm the economy. During elections politicians struggle for power. This power can make the elected leader takes over how the nation grows. Hence we can say that politics indeed will shape the economy of a country.
Coronavirus is real! The virus has taken a toll on many economies around the world. Without a vaccine, cases continuously spike in number. Many nations have experienced another wave of infections when they tried opening their economy.
Governments around the world implement strict measures to halt the spread risking the economy. Measures such as social distancing, lockdowns, and quarantines have been very common in many countries around the world. These measures had a great impact on many economies. It had slowed down many businesses. Because of this, we have begun experiencing a global recession. Up to this date when the first breakout of Corona Virus many economies and governments are struggling to survive and fight this worldwide problem. Still many are uncertain about this global crisis. However, despite these economies and Governments around the world are working hard to come back in order to return to normal.
For many nations, the impacts of the Corona Virus on the economy are still real. Finding solutions on how to recover is still uncertain and blurred. It has caught many policymakers, politicians, and business owners off guard.
Voting is a right, a privilege, and a duty and therefore must be seen and treated as such. Often times, people brush away the opportunity to voting and suffrage- the opportunity to change. Can we make a difference? Yes. How? Register now.
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Active economic policy is based on analyzes of the current situation and expectations of future developments; their successes must be monitored. The state sets framework conditions for economic activity but also intervenes in economic processes on a case-by-case basis.
Tasks of economic policy planning
The most important tasks of economic policy planning consist of diagnosis, prognosis, and monitoring the success of the implemented policy. Just like in qq online, there are some policies that are to be implemented.
The diagnosis checks the state of the economy and the previous success of the economic policy goals pursued. The forecast represents a conditional forecast of economic development, in particular of the effect of planned economic policy measures. At the end of the day, the success control has the task of determining whether the goals have been achieved or not, and of giving indications as to which policy changes may be necessary.
Diagnosis of economic policy
The diagnosis analyzes the existing economic situation and compares it with the previously set goals. During the diagnosis, information about the economic reality must be collected and evaluated. The most important source for this is official statistics, but additional information may have to be obtained from the administration or from research institutes, for example in the form of expert reports. However, such information is not free: its acquisition creates costs that must be compared to the additional benefits for economic policy.
Success control of economic policy
Effective economic policy contributes through its measures in the desired manner and to the desired extent to the attainment of economic policy goals. In addition, economic policy is efficient when it has taken precisely those measures through which it was able to achieve its goals with the lowest possible cost.
Rules and discretion
In view of the many uncertainties and weaknesses with which diagnosis and impact prognosis are afflicted, the question arises whether an economic policy with great discretion and numerous individual interventions does not cause more harm than good. Interventions on a case-by-case basis are associated with risks, as it is often difficult to predict whether and with what time delays they will have an effect.