2008 financial crisis Essay Example | Topics and Well Written Essays - 1750 words

2008 financial crisis - Essay Example I realize that hard work and determination alone do not seemingly provide all my needs. For instance, I can secure a job in the event that a vacancy is available somewhere. However, the major challenge is the availability of those vacancies. It therefore seems that while hard work is critical in getting a job, other factors beyond my control also comes into play. Back in the days, finding jobs was much easier that it is today. Like today, the conditions were still strict but the opportunities were abundant since many employers were available. The 2008 global financial crisis changed all that. The crisis was partly a result of poor investment plans and the resulting consequences were felt across the globe. There was a general weakening of the global economy with many large corporations running bankrupt. This shrank the job market as many people were left jobless. The US government in an attempt to bail out bankrupt corporations, extended loans and grants to them and this added to the problem. However, I am not very sure about the very extent of the assistance. In my study, I seek to find out what exactly caused the financial crisis. Who or what was responsible for it, how it impacted on the government and society, and how much the government spent in mitigating it. In addition, I will also like to find information on how difficult it was for people who were recently looking for jobs after the crash. Finally Id also like to learn what new regulations have been made to prevent future crashes (Savona, 78). I will therefore begin my study by running an internet search on the causes of the financial crisis. Of the top results I obtained was an article from The Financial Law Review, the author clearly espouses all the issues around the global financial crisis and highlights the role of investment banks in creating the mess (Avgouleas, 456). Henry Lehman with his two brothers Emanuel and Mayer Lehman had founded the firm in Montgomery,

The external factors the will have an impact on the future of the Essay

The external factors the will have an impact on the future of the clients business - Essay Example There has not been noted any significant changes within this external environment that will impact on the client. Expansion is the key to unlocking business success and business competitiveness. But in order for the client to effectively evaluate where they stand in terms of business expansion possibilities a clear and defined topic related research has to be understood. This will enhance the chances of success while limiting the chances of future business failure. The benefits of the tourism industry in relation to travel are that it is an industry that is constantly growing and changing. The raison d'etre of an industry is clearly economic, but the sustained economic success can also have environmental, social and cultural benefits. As Europe's largest industry with great opportunities for employment there can be no let up in the efforts to ensure that tourism continues to prosper and grow." http://www.rete.toscana.it/sett/turismo/euromeeting_2003/greg_richards_engl.pdf The main concern when a company is entering a new market is whether the political and legal environemt will allow room for the business. The client is part of the EU ccommunity which aims to implement progress in all the political and legal aspects of all the community members. ... The main concern when a company is entering a new market is whether the political and legal environemt will allow room for the business. The client is part of the EU ccommunity which aims to implement progress in all the political and legal aspects of all the community members. These are the benefits that the client can consider since it is also clear that the EU community intends to improve the tourism industy as well. Culture The external enviroment which will act as a plus for the client is culture. This is due to the commonly accepted fact that people are interested in exploring other cultures. The reason that people are also aiming to travel more is that they want to experience different aspects of the different cultures. It might seem that since the EU is becoming one community all the cultures will adopt each others habits, therefore making the experience of travelling outside ones home country mundane and boring. However most countries pride themselves in their heritage and therefore aim to keep it that way. So in this respect the option of expanding is more viable as culture keeps the flames of curiosity burning. Technology Technology is one aspect that is constaly changing and the rate of change often has a high impact on the small businesses. This external factor will play a role in whether the client is sucessful or not. So in analysing this option the main focus will lie on the countries that the client intends to expand in. These countries fall within the EU community and if one aspect of technology affects one of the community memebers the logical conclusion will be that the same affect will happen in the rest of the community. However to ensure that business progresses within the EU community, the decision makers have