Review of the Relevant Literature and Industry Specific...

Review of the Relevant Literature After briefly reviewing the basic aforementioned barriers, as follows, the researcher will proceed to discuss industry specific barriers, intertwined with the review of relevant literature; and the use a combination of analysis described in the Program Outcome section of this project. Introduction Pilots take an active and important role in the aviation industry and are expected to possess critical thinking and technological skills. Schools of aviation are required to provide students with both theory and technical opportunities relative to the scope of aviation. Training institutions who teach 141/142 training programs foster critical thinking and technological skills through ground based instruction as†¦show more content†¦Background and Significance Simulation was initially used by the airlines and military personnel for training purposes. The first ground-based flight simulator, named the Link trainer, was invented in 1929 by Ed Link (Nickerson Pollard, 2010). Edwin Albert Link can be said to be the pioneer of simulation implementation. He is most remembered for inventing the flight simulator, which was then commercialized in 1929 and called the Blue Box or Link Trainer. Using simulators for training maximizes a students learning without real life threats. Simulators are able to replicate scenarios that could damage an actual aircraft and cause significant injury or even death. The replication of actual flight in simulation would not be complete without motion. Disputes towards efficiency of motion versus non-motion platforms have been debated within the aviation training community for many years. Many studies have been made regarding the importance of motion versus non-motion. Motion platforms can provide motion for roll, pi tch, heave, surge, yaw, and sway. Motion platforms also can provide crucial over-controlling feel characteristics and play a crucial role in takeoff andShow MoreRelatedThe Content For Elearning Environments1547 Words   |  7 PagesThis is a critique of â€Å"Dose Culture Matter? A qualitative and comparison study on eLearning in Germany and China†. I am attracted to this article because I work in the eLearning industry doing visual content for eLearning environments. This study is relevant to my career path and is a topic of interest for me. Although my current work does not transcend the boundaries of Canada, I think as national boundaries become less significant to information products that making culturally sensitive eLearningRead MoreAdoption and Implementation of BIM by Small and Medium Enterprises2013 Words   |  8 PagesSTRUCTURE This research paper looks to investigate the adoption and implementation of BIM by SMEs. The following is a brief look at how this research paper will be structured: †¢ Chapter 2 provides a methodical review of relevant literature in the field of BIM, the perceived barriers with its adoption and implementation by SMEs and an analysis of the data found. †¢ Chapter 3 sets out the research strategy inclusive of the challenges found alternative methods, and scope of this research paper. Read MoreDeterminants of Survival of Newly Created SMEs in the Brazilian Manufacturing Industry: an Econometric Study1081 Words   |  5 PagesThe empirical literature, focused on developed countries, and has triggered controversies associated with size measurement and estimation issues [see e.g. Davis et al. (1996) and Davidsson et al.(1998)]. Evidence seems to indicate, as expected, that the net job creation effect is likely to be stronger in service industries. Nevertheless, more recent studies provide appealing evidence on particularly high net job creation by small firms also in the context of the manufacturing industry as suggestedRead MoreThe Effects Of Climate Change On The Earth3752 Words   |  16 Pagesand WD Re-Thinking Ltd. (2010) made a briefing note for Willmott Dixon Group which explained that one of the least sustainable industries in the world is the construction industry because they use up ‘around half of all the non-renewable resources that are consumed b y mankind’. Due to the construction industry using up around half of all non-renewable resources, the industry must develop new ideas of how the figures can be lowered through the use of sustainability. It was also alleged in the sameRead MoreUsing The Conventional Shopping Processes1267 Words   |  6 Pageswith available products that suit them with respect to their previous purchases (Data Mining) and will also make them aware of the seasonal offers that are available at the store. . Literature review 1. Relevant Background NFC is an emerging technology that can be seen as a one stop solution to retail industries. Near field communication is based on RFID system which enables two electronics devices to establish contact at a proximate distance typically 10cm from each other. Integration of thisRead MoreCritique Of The Global Arena1583 Words   |  7 Pages(Krueger Nandan, 2008) the significance of culture in formulating and maintaining an effective global strategy is discussed. This study by Krueger and Nandan examine branding in the global context, cultural dimensions that affect branding including specific examples from China and India, and key issues for global companies. The purpose of this critique is examinee Krueger and Nandan’s study, by examining the articles key components listed above and identifying strengths and weaknesses of the following;Read MoreCorrelation between Cost Reduction and Manufacturing Perishable Food Reduction Items1077 Words   |  4 Pages2. LITERATURE REVIEW (Manoj Dora, 2014)[1] Encountered â€Å"The key barriers by Food SMEs in the implementation of lean manufacturing practices result from the special characteristics of food sector, such as highly perishable products, complicated processing, extremely variable raw material, recipes and unpredictable demand. In addition, lack of knowledge and resources makes it difficult for food processing SMEs to embark on the lean journey† One of the research studies in 2010 has found that the editorialRead MoreEhr Database Data Management1488 Words   |  6 Pagesschool grade or daycare attendance; date of the last visit with the PCP; names and dates of visits to any other specialists; dates of any visits to the emergency room (ER); history of any hospital admissions; related and unrelated medical conditions; a review of any familial (mother, father, siblings) medical histories; list of current medications; living situation (type of housing, exposures in home, pets in home, incense, smokers , fireplace/heat source; carpets vs. wood/tile flooring, etc.). The unstructuredRead MoreMarriott International Brand Management Performance Essay1547 Words   |  7 Pagescontinue to evolve, some hotels are finding it a challenge to keep up with brand standards. Improving business performance is a difficult task and managers have a responsibility to maximize the wealth of their principles – equity owners daily. The hotel industry is a competitive environment therefore value creation process implies mobilization of all tangible and intangible resources. Raising the value of owners’ equity, financial and business performance can be done by creating a customer-based brand. Read MoreElectronic Health Records ( Ehrs ) Systems1995 Words   |  8 Pagesregularization of other health systems will speed up the process of integration and creation of EHRs. When developing an EHR, the process is not an easy job and contains many barriers that will make accomplishing goals even harder. Before, the EHR is adopted, technical problems must be re cognized and solved. The main barriers to the progression and adoption of EHRs include low amounts of national information exchange, not enough human and technical issues, problems about the adjustment of the process

Introduction.The Etiology Of Autism Is As Yet Unknown And

Introduction The etiology of autism is as yet unknown and the phrase Autism spectrum disorder (ASD) is used to encompasses a range of autistic disorders (Cheslack-Postava and Jordan-Young, 2012). ASD is a common neurodevelopmental syndrome and an umbrella term for a group of heterogeneous disorders, differentiated by pervasive difficulties, and impaired development, with area such as social communication, flexibility, social reciprocity and sensory processing (American Psychiatric Association, 2013; Bargiela et al., 2016; Cheslack-Postava and Jordan-Young, 2012; Haney, 2015; Maenner et al., 2014). Recent research into ASD has emphasised, how women with autism, are at higher risk of being misdiagnosed, receiving a late diagnosis, or not†¦show more content†¦Due to the suggested gender bias within autism diagnosis, and the associated underrepresentation of females within the literature, the review also asks to what extent findings, within past and current research, can be used to characte rise the female ASD population. As the term ‘gender’ is widely used within this review it is important to outline this term. For the purposes of this essay, gender is used to describe culturally determined factors, roles, and attributes which relate to the masculine and feminine; this differs from the term ‘sex’ which refers to biological and physiological differences (Torgrimson, 2005; Lai et al., 2015; Jordan-Young, 2010). Alongside the review of ASD presentation in females, there is also a critical examination into research with people with learning difficulties and ASD, this pays particular reference to the specific ethical and methodological issues affecting these populations and how these can be addressed by researchers. Additionally, the issue of positionality, and the process of reflexivity are considered, and in what ways these concepts are intertwined with the epistemological and ontological assumptions researchers bring to the research process. Conducting Research with People who have ASD and/or Learning Disabilities. Historically, research into the lived experiences of the

Assess the Corporate Social Responsibility of Telecommunication Industries Free Essays

Mobile telecommunication industries in this country with time have increasingly played major roles in not only the lives of the people within the community in which they are situated but also in the total economic well being of the country as a whole through their social responsibility activities. The Mobile telecommunication industry in this country has increased tremendously within the past couple of years, and have increasingly played major roles in not only the lives of the people within the community in which they are situated but also in the total economic well being of the country as a whole through their social responsibility activities. The idea of Social Responsibility has developed differently around the world because of different histories, culture and institution. We will write a custom essay sample on Assess the Corporate Social Responsibility of Telecommunication Industries or any similar topic only for you Order Now Steiner George 2000) In the past years, the multi-faceted problems made it almost impossible for indigenous industries to undertake social activities in developing countries. However, corporate social responsibility (CSR) research has blossomed in this new millennium. This is due to the increasing concern expressed by policy makers and individual bodies about corporate social responsibility and the pressure exerted on organizations to demonstrate high ethical standards. This project is very important because Ghana may need a new code of conduct, laws and regulations and multi-stakeholder agreements and private voluntary initiatives as new businesses are beginning to emerge into our system. Telecommunication industry is a typical example of a fast growing industry within our system. It is therefore imperative that we acknowledge the significance of their corporate contribution to the societies and the nation, for this foresight to be smart and articulate. 1. 2 BACKGROUND STUDY The precise concept of CSR is understood in different ways, having different representations of the concept relatable to different paradigms and concerns. Aside all the differences pertaining to the nature and content of CSR, a number of the concepts includes human rights, environmental responsibility, diversity management, sustainability, and philanthropy, meaning that it is a complex area with an interdisciplinary focus. It is generally agreed that CSR involves corporations voluntarily exceeding their legal duties to take account of social, economic and environmental impacts of their operations. For example, the European Commission defines CSR as: â€Å"A concept whereby companies integrate social and environmental concerns in their business operations and in their interactions with their stakeholders on a voluntary basis† (European Multistakeholder Forum on CSR, 2004: 3) Corporate Social Responsibility also relates to those management philosophies, policies, procedure and act that have advancement of social welfare as one of their primary objectives (By Boone and Kurtz 1987) CSR is about how companies manage the business processes to produce an overall positive impact on society. Its concern is related to certain aspects of the company’s operations such as the quality of their management – both in terms of people and processes, and the nature of, and quantity of their impact on society in the various areas. The term â€Å"CSR† came in to common use in the early 1970s, after many multinational corporations were formed. The term stakeholder, meaning those on whom an organization’s activities have an impact, was used to describe corporate owners beyond shareholders as a result of an influential book by R Freeman in 1984. 2] ISO 26000 is the recognized international standard for CSR Public sector organizations. It is widely accepted that CSR adheres to similar principles but with no formal act of legislation. The UN has developed the Principles for Responsible Investment as guidelines for investing entities. Corporate social responsibility (CSR), also known as corporate responsibility, corporate conscience, corporate citizenship, respo nsible business, sustainable responsible business (SRB), or corporate social performance,[1] is a form of corporate self-regulation integrated into a business model. Ideally, CSR policy would function as a built-in, self-regulating mechanism whereby business would monitor and ensure its support to law, ethical standards, and international norms. Consequently, business would embrace responsibility for the impact of its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere. Furthermore, CSR-focused businesses would proactively promote the public interest by encouraging community growth and development, and voluntarily eliminating practices that harm the public sphere, regardless of legality. Essentially, CSR is the deliberate inclusion of public interest into corporate decision-making, and the honoring of a triple bottom line: people, planet, profit. Stakeholders are taking an increasing interest in the activity of the company. Most look to the outer circle, that is, what the company has actually done, good or bad, in terms of its products and services, in terms of its impact on the environment and on local communities, or in how it treats and develops its workforce. Out of the various stakeholders, it is financial analysts who are predominantly focused – as well as past financial performance – on quality of management as an indicator of likely future performance. Developed countries have worked out a way around ensuring that local and international businesses or companies make contributions towards community development. Sainsbury’s and Tesco for instance are typical examples of companies that have contributed towards every community they operate. The contrast however in Africa is that the key people within the community are just contented to accept a bottle of Scottish Whiskey or Schnapps or local spirit over a businessdeal. Ghana needs to get a grip of how best our laws would work for us if we involve businesses co-operation into helping with our community developments. Understanding how international law works and how it can be used to further both national and international CSR objectives. 1. 3 STATEMENT OF THE PROBLEM The mobile telecommunication industry in this country has increased tremendously and continuously growing at a very high speed over the past ten years. The researcher’s aim is to throw more light on the real impact of this industry on the economy through their social activities. The research also works towards assessing whether or not the individual activities are achieving their desired impact on society. The view of the public is also a major concern to the researcher. This research is to find out the level of recognition the mobile telecommunication industries receive for their social activities and also to identify the level of benefits they receive in terms of increasing customer base and overall image of the industry upon undertaking such corporate social responsibility. 1. PURPOSE OF THE STUDY The significance and contribution of the mobile telecommunication industry in this country cannot be over emphasized. The main aim of this study was to assess the level of Corporate Social Responsibility (CSR) practices by the Mobile Telecommunication Industry in the country. * This study sought to ascertain and document the extent of recognition and appreciation, nature and content of socially responsible actions by mobile telecommunication firms located in Ghana. * Based on this study the researcher anticipates that the information they have provided will be beneficial to the government and policy makers. Another motive for this research is to helping the industry be more aware of their CSR and acknowledge its importance to not only their image and customer base, but also as a major contributing factor towards economic development. * This study will interest students, academics and practitioners who might be undertaking further research on issues relating to the topic. | 1. 5 OBJECTIVE OF THE STUDY * To outline the social, economic and political factors driving the development and implementation of CSR of the mobile telecommunication industry Ghana. The study is to identify the contributions of mobile telecommunication network towards social and economic development with specific reference to MTN. * To assess the challenges they go through in complying with the expectation of the society * To address the contested nature of CSR, in particular in terms of its instrumental or normative value. * To assess individuals notions of the role and nature of corporations with respect to corporate social responsibility. 1. 6 RESEARCH QUESTINE * What are the corporate social responsibility activities undertaken by mobile telecommunication agencies? To what extent, and in what way can or should mobile corporations be held mo rally responsible? * Is there a significant contribution of CSR towards economic development? * Are their CSR activities a strategy for distinguishing and protecting their image and creating trust, and to attract and retain both potential employees and consumers? * Are the benefits of their contributions worth the harm they may be causing to the societies? * Are they giving back enough to the society relative to what they are receiving? * Are the people satisfied with their services and contributions? . 7 SCOPE OF THE STUDY Primary and secondary data was used as a source of information. The researchers also had to design proposed questionnaires to access information from the users of the mobile industry concerning their opinions, this was however done randomly. The research is aimed at assessing the nature and content of the corporate social responsibility activities undertaken by the various organizations within the telecommunication industry and its contribution to the society and in turn the economy of the nation. . 8 LIMITATIONS OF THE STUDY Some of the limitations of this study included; * Lack of sufficient information; This was as a result of the reluctance of officers within the industry to give out all the information required for the research. * Time factor; The combination of academic demands i. e. Lectures and exams with the working on this project made the period of submission quiet short for undertaking all the requirements for assessing information for the study. 1. 9 ORGANIZATION OF THE STUDY This research is presented in 5 chapters with subdivisions. * Chapter 1 begins with an introduction to the topic stating its relevance, the background study, statement of the problem, research question, and objective of the study, significance of the study and scope and limitation. * Chapter 2 outlines the literature review :definition and explanation of terms, nature of Social responsibility, levels and dimensions of social responsibility, problems associated with social responsibilities, Chapter 3 tackle the Theoretical Review of the research, which comprises of the population, sample and sampling procedures, Research instrument , Administration of instrument and method of data Analysis. * Chapter 4 relates to the Empirical Review, which contains a brief historical background of the individual mobile telecommunication industries in Ghana, types of social responsibility activities in which they engage themselves into, effects of such activities on their customer base and profitability, problems encountered while undertaking/for filing their social responsibility Chapter 5 deals with presentation of findings, this consists of findings and summary, and conclusion of findings and recommendations. 1. 10 DEFINITION OF TERMS Ten CSR Themes Social Responsibility Agreements, Ghana Drivers of and Constraints to PRIVATE Sector Engagement How to cite Assess the Corporate Social Responsibility of Telecommunication Industries, Papers

Economics for Global Financial Crisis

Question: Discuss about the Economics for Global Financial Crisis. Answer: Introduction: The term global financial crisis inferred the fact that it is an economic difficulty through the period of worldwide which is experienced by the consumers and markets. In the words of Shiller (2012), this type of financial crisis is a barrier for achieving foster growth of the country in terms of business environment as the potential consumers want to minimize their purchasing power until the situation improves. In the year 2008, due to the collapse of Lehman Brothers, the financial services of world economy go into depression. As a result, suddenly the banks, Wall Street, stock markets and important financial firms are stopped and plummeted. According to Taylor (2013), this sudden shock increases the unemployment level along with the collapsing of trade volumes and stickiness of the liquidity market. Both developed and developing countries are badly affected in this case, and Australia implements the G20 policy which is an injection of reducing the global crisis (Lowy Institute for International Policy. 2016). In this essay, the impact of GFC on Australian economy has been analyzed critically. Furthermore, the roles of the Federal government and the Reserve Bank of Australia have been discussed in this context along with the proper economic analysis. Apart from this, the impact on foreign trade and the current condition of unemployment rate are also critically discussed here. Discussion: In the global economy market, Australia exports its goods and services to the other countries. The current survey of WTO statistics inferred the information that the trade value of Australia is just half of the national income of this country (ABC News. 2009). In this context, during the time of GFC crisis, the world trade affected severely which drags down to the main trading partners of Australia namely Japan and the US. Moreover, due to the crisis of global finance, China also recorded the slowest growth which is the root cause of falling down the demand of its products. As a result, the export amount of Australia falls in a huge amount along with the negative impact on trade value. Apart from this, the Australian economy is well known as a member of the group of the highest amount of debt in respect to income ratios throughout the world. The nature of the Australian people is to save more amount of money today for using in the future time. These people get into fear of losing their job which would lead to increase the saving amount of their earning part. Moreover, the Australian people lower their consumption and borrow less amount of money for minimizing their debt. According to Sirkeci, Cohen and Ratha (2012), the incidence of cuts the budget of production along with an increase in the unemployment rate would lead to move downward fall of the Australian economy in the recession market. The global financial crisis severely damaged the credit markets and prospective growth of the Australian economy. In this perspective, the Federal government of Australia takes suitable measures in terms of providing the guarantee in wholesale funding and deposits of the bank and the economic security of $10.4 billion by which improvement is done in the recession market (ABC News. 2009). In this perspective, to generate and boost up the economy of Australia, the Federal government wants to increase the investment amount in the market through selling the bonds to the people. In the words of Fratzscher (2012), as per the Loanable Funds theory, the government of this country wants to boost up the economy through money flow and to lower the interest rate. This strategy would help to move forward the economy from the slow down conditions. Figure 1: Loanable Funds theory Source: (As created by author) According to the above figure, in this current condition the Federal Government of Australia sells more amount of bonds but due to the slowdown of market growth demand also falls which ensures to drastically fall the price level of the economy (Gal 2013). In this perspective, the concerned government implements a monetary policy such as OMO, RAR, Target CR and money growth for improving the current monetary condition of the economy. Moreover, the Australian government wants to fulfill the inflation gap and out gap by applying the above-stated strategy. Furthermore, as commented by Mavroeidis, Plagborg-Mller and Stock (2014), as per the Phillips curve theory; there exists an inverse relationship between the unemployment rate and inflation rate. To maintain stability in the economy from recession situation, the government needs to lower the unemployment rate by increasing the rate of inflation (Coibion and Gorodnichenko 2015). The deflationary monetary policy moves the economy in a positive way by controlling the unemployment rate through the leftward shifts of the PC. Figure 2: Phillip curve showing the fall of PC Source: (As created by author) Apart from this, the Federal Government of Australia provides a guarantee in deposits to support the confidence level of this country. In addition, the deposited amount below to the threshold is not considered as a chargeable amount. This strategy of Australian government provides certainty to the banks, credit markets, and building societies along with adding positive strength to the financial institutions (Rao 2016). On the other hand, it would help to raise the confidence level of the customer in this consequence. Moreover, in this current scenario, the concerned government offers the wholesale funding deposit which helps to normalize the depression market situations. With the help of this process, the financial institutions of Australia can be able to increase the amount of funds overseas. In this procedure, the foreign funds and financial institutions also support them to acquire the stability of the depression economy (Budget.gov.au. 2016). Moreover, by following this strategy suggested by the Australian government, the financial sectors of this country can be able to lend the corporations, banks, businesses and households for boost up the economy. In this current scenario, the Financial Management of Australian Office gets a message by the Treasure of purchasing $8 billion amount of residential securities of mortgagebacked from the wide range of lenders belongs from Australia. As a result, it would help to expand the quantity of assets along with high quality by which the AOFM can be able to invest more in the market (Budget.gov.au. 2016). In this context, the strategy related to Economic Security is considered as the discretionary fiscal policy which enhances the GDP rate of the country. The implementation of this strategy by Australian government would accelerate the investment prospect of the country by controlling the budget deficit of the nation. This economic strategy boosts up the level of consumption through the payment to careers and pensioners in a lump sum amount (Corsetti et al. 2016). This procedure would help the home owners to achieve the courage of more investment in the real estate market. Moreover, the development in infrastructure sector stimulates the economy to restore from the situation of recession. This procedure would help to increase the production capacity of the country by which the unemployment rate can be diminished (Wisman 2013). Apart from this, the above factors implemented by the Federal government of Australia accomplish the aggregate demand of the economy through which the amount of strategic investment can be increased. This also restores the future surpluses of this country. In short, with the help of implementing the strategy of Economic Security by this government in this current scenario, the country can be able to move up from the slow down condition of the economy by improving the GDP growth rate of the economy along with raise in consumption level and investment portion (Budget.gov.au. 2016). In this perspective, the Reserve Bank of Australia has taken a suitable measure in order to mitigate the issues of the recession of the economy which is acceptable and profitable for this country. The RBA provides a sufficient amount of loans so that the citizens of the nation can make direct purchases that will help to support the market. The government induced the Australian office of financial management to make a purchase of either a mortgage for the residential purpose or an amount of $8 billion that will act as securities (rba.gov.au. 2016). The government of Australia further uses strategies that help to provide the guarantees for stabilizing the internal market raise the debt of the banks and reduce the chances of running on the banking system. The investors are able to withdraw the funds from the bank as the liabilities are of short-term nature, and there are risk factors for the holders of the toxic assets. In the words of Eichengreen (2015), the financial crisis of an economy ensures the reduction of the negative amount of credit flows towards the business and consumers which enhance the significant amount of diminishing house prices and share indexes. As a result, due to loss of the wealth and properties, the desperate want to invest more amount of money and consume more by the business person and consumers falling severely. This situation would lead to further falls the economy along with a stagnant condition of the market. In this perspective, to mitigate this issue and improve the current economic condition, the Reserve Bank of Australia applies an appropriate strategy such as lowering the rate of interest which may boost up the economy (rba.gov.au. 2016). As opined by Nielsen (2016), by lowering the interest rate in the economy, the reserve bank of any concerned country can boost up the market as the investors are intended to invest more amount of money for acquiring more profit and revenue. In this context, the RBA has done the same procedure which helps to recover the nation from the slow down growth rate position. Figure 3: Aggregate demand and supply curve showing the stagnation of the economy Source: (As created by author) As commented by Eichengreen (2015), as per the Keynesian theory, the above figure depicts the fact of stagnation of the economy. Due to the stagnation of the economy for existing depression, the aggregate supply curve shifts leftward for which output has drastically fallen along with the higher rate of unemployment and increase in prices of the goods and services (Shiller 2012). In this context, RBA accomplishes the strict monetary policy as well as suitable fiscal measures to control the unemployment rate. The RBA cut the cash rate of 3% and lowers the interest rate on 425 bases of the point. This would lead to reducing the cost amount of borrowing and increase the planned aggregate of expenditure. As a result, the equilibrium point of the short run can be recovered by increasing the output, discretionary income of the household and increased the amount of spending (Fratzscher 2012). Conclusion: By referring to the above analysis, it can be concluded that the global financial crisis has severely affected the world economy along with the Australian economy. The entire world faces recession in the market by which the rate of unemployment increases and lowers the output level of the nation. Moreover, the foreign trade has affected badly. Due to market recession in the economy, the aggregate demand for goods and services fall and the trading partners of the Australia lower their demand for importable goods. As a result, net exports fall and the condition of balance of trade is not so much significant. Apart from this, to correct the situation and boost up the economy, the Federal government of Australia and RBA has taken appropriate measures. In this context, RBA cuts the interest rate which ensures to invest more in the market. It would help to increase the aggregate demand of the market along with raising the power of borrowing and spending. On the other hand, the Australian g overnment has taken the strict monetary and fiscal policy such as economic security, improvement in a financial institution and lowers the unemployment rate. In short, the taken strategies of RBA and the Australian government will help to increase the GDP of the country. Reference list: ABC News. (2009).Making sense of the global downturn. [online] Available at: https://www.abc.net.au/news/2009-05-07/making-sense-of-the-global-downturn/1675556 [Accessed 13 Sep. 2016]. Budget.gov.au. (2016).2008-09/content. [online] Available at: https://www.budget.gov.au/2008-09/content/myefo/html/part_2.htm [Accessed 14 Sep. 2016]. Coibion, O., and Gorodnichenko, Y., 2015. Is the Phillips curve alive and well after all? Inflation expectations and the missing disinflation.American Economic Journal: Macroeconomics,7(1), pp.197-232. Corsetti, G., Mavroeidi, E., Thwaites, G. and Wolf, M., 2016.Step away from the zero lower bound: Small open economies in a world of secular stagnation(No. 1645). Faculty of Economics, University of Cambridge. Eichengreen, B., 2015. Secular stagnation: the long view.The American Economic Review,105(5), pp.66-70. Fratzscher, M., 2012. Capital flows, push versus pull factors and the global financial crisis.Journal of International Economics,88(2), pp.341-356. Gal, J., 2013. Notes for a new guide to Keynes (I): wages, aggregate demand, and employment.Journal of the European Economic Association,11(5), pp.973-1003. Lowy Institute for International Policy. (2016).The Global Financial Crisis. [online] Available at: https://www.lowyinstitute.org/issues/global-financial-crisis [Accessed 13 Sep. 2016]. Mavroeidis, S., Plagborg-Mller, M., and Stock, J.H., 2014. Empirical evidence on inflation expectations in the New Keynesian Phillips Curve.Journal of Economic Literature,52(1), pp.124-188. Nielsen, R.W., 2016. The growth of the world population in the past 12,000 years and its link to the economic growth.Journal of Economics Bibliography,3(1), pp.1-12. Rao, B.B. ed., 2016.Aggregate demand and supply: a critique of orthodox macroeconomic modeling. Springer. rba.gov.au. (2016).education/economics-competition/2009/pdf/first-year. [online] Available at: https://www.rba.gov.au/education/economics-competition/2009/pdf/first-year.pdf [Accessed 14 Sep. 2016]. Shiller, R.J., 2012.The subprime solution: how today's global financial crisis happened, and what to do about it. Princeton University Press. Sirkeci, I., Cohen, J.H. and Ratha, D. eds., 2012.Migration and remittances during the global financial crisis and beyond. World Bank Publications. Taylor, J.B., 2013.Getting off track: How government actions and interventions caused, prolonged, and worsened the financial crisis. Hoover Press. Wisman, J.D., 2013. Wage stagnation, rising inequality and the financial crisis of 2008.Cambridge Journal of Economics,37(4), pp.921-945.