MAEC TB02 by Ezra https://padlet.com/livestarapple/3h0mql37fd7t ITALY en-us 2017-05-19 05:04:18 UTC 2017-07-16 18:42:20 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Babyhead.png MAEC Project TB02 brandonchew2000 https://padlet.com/livestarapple/3h0mql37fd7t/wish/172728443 Grp Members.

Brandon, Kanon, Ezra, Crisann, Xin Yi, Gina

]]> 2017-05-19 05:04:48 UTC https://padlet.com/livestarapple/3h0mql37fd7t/wish/172728443 CHOICE OF COUNTRY brandonchew2000 https://padlet.com/livestarapple/3h0mql37fd7t/wish/172728473 ITALY ]]> 2017-05-19 05:05:20 UTC https://padlet.com/livestarapple/3h0mql37fd7t/wish/172728473 Overview of Italy's Economy kanonmatsumoto007 https://padlet.com/livestarapple/3h0mql37fd7t/wish/172728637 Italy is the world's ninth biggest economy. About three quarters of the total GDP are made out of the service sector and with this it employs around 65% of the total nation's employment rate. The unemployment rate has increased constantly in the last seven years, which reached 12% in 2017.

]]> 2017-05-19 05:08:16 UTC https://padlet.com/livestarapple/3h0mql37fd7t/wish/172728637 Italy's economy livestarapple https://padlet.com/livestarapple/3h0mql37fd7t/wish/172730758 2017-05-19 05:51:19 UTC https://padlet.com/livestarapple/3h0mql37fd7t/wish/172730758 Concepts applicable to our topic brandonchew2000 https://padlet.com/livestarapple/3h0mql37fd7t/wish/172792986 -GDP growth rate
-Recession 
-Unemployment

]]> 2017-05-19 13:02:49 UTC https://padlet.com/livestarapple/3h0mql37fd7t/wish/172792986 brandonchew2000 https://padlet.com/livestarapple/3h0mql37fd7t/wish/172798642 2017-05-19 13:25:19 UTC https://padlet.com/livestarapple/3h0mql37fd7t/wish/172798642 Concepts applicable to our topic brandonchew2000 https://padlet.com/livestarapple/3h0mql37fd7t/wish/172798772 -GDP
-Unemployment
-Economic Crisis]]> 2017-05-19 13:25:41 UTC https://padlet.com/livestarapple/3h0mql37fd7t/wish/172798772 Concepts applicable to our topics brandonchew2000 https://padlet.com/livestarapple/3h0mql37fd7t/wish/172800270 -Inflation rate
-CPI
-GDP Deflator
-Export & Import
-GDP growth]
-GDP per capita
-LFPR]]> 2017-05-19 13:30:47 UTC https://padlet.com/livestarapple/3h0mql37fd7t/wish/172800270 xinyineo30 https://padlet.com/livestarapple/3h0mql37fd7t/wish/172808428 Italy's inflation

]]> 2017-05-19 14:00:06 UTC https://padlet.com/livestarapple/3h0mql37fd7t/wish/172808428 Thank you for your Padlet submission. The articles are interesting. However, you may want to include the ways in which Italy can get out of recession due to its high debts, such as austerity measures like cutting down on government expenditure and increase its tax. Hope to receive your written report! lek2 https://padlet.com/livestarapple/3h0mql37fd7t/wish/176363119 2017-06-14 07:52:11 UTC https://padlet.com/livestarapple/3h0mql37fd7t/wish/176363119 Ways Italy can get out of recession livestarapple https://padlet.com/livestarapple/3h0mql37fd7t/wish/177892290 Reform taxes
Italy has too many forms of taxes, ranging from individual income tax to national corporate tax to social-security tax. An individual in Italy pays up to 30% of his or her income to taxes, while an entrepreneur has to pay up to 60% of his or her profits in taxes. All these taxes need to be streamlined and reorganized, such as implementing flat-tax systems, which is a progressive tax system that, above the maximum deduction, the marginal tax rate on all further income is constant and is said to be 'marginally flat' above that point.
Loosen the labor markets
The regulations of the labor market, such as employers needing to go through a hassle like notifying the Ministry of Labor and a 20-day reconciliation process in order to dismiss one employee, causes firing workers in Italy to be a headache, and no firing means less hiring. Italy's entrepreneurial spirit is hence hindered by the deep layers of regulation. What the government needs to do is to loosen the regulations, or just reform them all together, so that entrepreneurs can hire and dismiss workers without going through the strict regulation process. ]]> 2017-07-02 15:40:42 UTC https://padlet.com/livestarapple/3h0mql37fd7t/wish/177892290 How to Control Inflation brandonchew2000 https://padlet.com/livestarapple/3h0mql37fd7t/wish/177892395 -Reduce spending in order to stop economic growth which will then help control inflation
-Reduce the money supply by having policies that encourage reduction of the money supply.
-Increase reserve requirements on the amount of money banks are legally required to keep on hand to cover withdrawals.This means banks will have less money to lend to consumers. If they have less to lend, consumers will borrow less, which will decrease spending.


]]> 2017-07-02 15:43:59 UTC https://padlet.com/livestarapple/3h0mql37fd7t/wish/177892395 Ways on how Italy can get out of recession https://padlet.com/livestarapple/3h0mql37fd7t/wish/177892410 -Reform political system
  •  There are large number of political parties whom are greatly funded by the government. Hence, to escape recession, the government could make changes to its political system to ensure that sufficient funds are kept for the country to develop.
 -Reduce corruption
  • As corruption is present in Italy, large amount of money can be used in transactions between powerful political parties for illegal transactions. This causes money to be wasted or lost which affects the welfare of the people in Italy as lesser money will be made available to them.
]]> 2017-07-02 15:44:30 UTC https://padlet.com/livestarapple/3h0mql37fd7t/wish/177892410 How to Control Inflation https://padlet.com/livestarapple/3h0mql37fd7t/wish/177892656 -Raised its interest rate to fight the high rate of inflation. 
: This contractionary monetary policy was carried out during the 1980s, where the Central Bank of Italy raised it interest rate to 19.0%. This results in less money to go around therefore, those with the possession of money would rather save it than to spend it. Reducing spending is important during inflation because it helps to halt economic growth and, in turn, the rate of inflation. This policy was very successful as it had caused the inflation rate to decrease constantly afterwards.]]> 2017-07-02 15:49:34 UTC https://padlet.com/livestarapple/3h0mql37fd7t/wish/177892656 How to Control Inflation xinyineo30 https://padlet.com/livestarapple/3h0mql37fd7t/wish/177892672
  • Italy's Exchange Rate Policy
    • Italy introduced the euro from 2002 onwards. Italy had to maintain its exchange rate stable of +/-2.25% in order to prevent big fluctuations relative to the other European Economic Community (EEC). In order to prevent wide fluctuation bands, the Bank of Italy as part of the Eurosystem, participates in foreign exchange market interventions along with other central banks such as ECB and other National Central Bank of Eurozone.
      • A monetary policy tool which takes an active participatory role in influencing the monetary funds transfer rate of the national currency. The Bank of Italy will then intervene and conduct foreign exchange operations in order to build reserves, stabilize the exchange rate and to correct misalignments. The success of foreign exchange intervention depends on how central bank sterilizes the impact of its interventions, as well as general macroeconomics policy set by the government to balance inflows and outflows of foreign currency.
    ]]>     2017-07-02 15:49:55 UTC https://padlet.com/livestarapple/3h0mql37fd7t/wish/177892672     Ways in which Italy can get out of recession ginayeo https://padlet.com/livestarapple/3h0mql37fd7t/wish/177892811 1. Leave the Euro
    - The euro is making it harder for Italy to recover
    -  Italy can drop out of the euro or set up a second-tier euro so as to let their currency depreciate. This would allow wages some flexibility to decline, and exports to rise.

    2. Repair the banking system
    -  Italian banks are not lending as they were hurt by nonperforming loans, this makes economic expansion difficult.


    ]]>     2017-07-02 15:55:05 UTC https://padlet.com/livestarapple/3h0mql37fd7t/wish/177892811