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Monday, August 6, 2012

Unemployment Essay

The problem of unemployment is widely discussed all over the world and there's a good reason for that. Nowadays, it has become so much harder to find a job, especially in the third-world countries which have always had economic as well political and social issues. However, the reason for high unemployment rate is not only connected with the low level of economic development of the country. It is also closely bound to the sphere of politics as it is the government who decides how to distribute money and what countries to cooperate with. It takes a lot of time and effort for a country to come out of that hole as the country needs to restart some programs or even implement some new laws because the old ones are no longer working. Needless to say that having a high unemployment rate in a country automatically leads to the price increase or, in other words, inflation which is a bad sign for any government.
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