The effects of global recession on local economies Essay

The effects of global recession on local economies - Essay Example Multinational and international industries, local industries, government establishments and the consumers themselves are all affected by the changes in the economic standing of the country. Global recession has a great impact on the value of local and international currencies, generally affecting end-users and households. In effect, the buying capability of the consumers goes down. And because of how global recession significantly impacts consumers and local economies, I want to delve deeper into these effects. This paper will discuss the different areas of the local economy such as employment, investment spending, profit and capacity utilization. This will enable us to understand and demonstrate how local economies are able to survive or not. This paper also aims to compare and contrast the different theories associated with recession, like the neoclassical perspective and the Keynesian perspective, and how applicable it is on explaining the effects of global recession on local economies. To know the effects on the local economies at the present time, I will look at the volume of production and service of local companies in contrast to the demands of the market, the unemployment and employment rate and the success or failure of investment projects in contrast to the fluctuations of the value of the local

Organizational stakeholders Essay Example | Topics and Well Written Essays - 250 words

Organizational stakeholders - Essay Example The external are those outside the organization but still has interest in the organization such as the regulatory agencies and the general public. It is important to understand the role of stakeholders so that the company can act responsibly to its various stakeholders. This understanding of the interest of the various stakeholders in the company can serve as a guide for the company as it craft its strategy and executes its operations making sure that these strategies and corporate acts are consistent with the interest of the various stakeholders of the company. The internal stakeholders have a direct interest in the success of the company but it must be balanced with the interest of the external stakeholders. Minding the interest of internal stakeholders alone may make the company short sighted in its pursuit of satisfying the interest of profit of its internal stakeholders. It should be balanced with the interest of the external shareholders to ensure the long term going concern of the company as it balances its interest for profit with social responsibility. "Understanding Organizational Stakeholders for Design Success."Â  Boxes and Arrows Understanding Organizational Stakeholders for Design Success Comments. 6 May 2004. Web. 8 Mar. 2015.