Wednesday, October 30, 2019
Nutrition Coursework Example | Topics and Well Written Essays - 1000 words
Nutrition - Coursework Example The brand contains some sugars, quality fibre, no fructose corn syrup, and high in calories. The organic and regular Red Delicious Apples defer in three aspects; taste, size, and nutrient value. Red Delicious Organic Apples come in large sizes but lack sweet taste and low in nutrient level as compared to the regular Red Delicious Apples. Non-Organic Red Delicious Apple costs $39 while one Organic Red Delicious Apple goes for $30. There exist six different types of peppers located in the Production Section. The types of peppers include large size Bell Pepper, Mexican heart-shaped Poblano, long and versatile Anaheim, very hot Serrano, and bulbous Habanero. Without any doubt, the longer the storage time, the faster the loss of nutrients in strawberries. In this scenario, a packet of fresh strawberries have higher nutrient levels as compared to large pre-packaged container of cut-strawberries. Hence, a pre-packaged container of cut-strawberries costs cheaper as compared to the other one. The serving size for pasta measures half a cup of cooked pasta. However, some sachets contain 1/3 cup ofà pasta to suit the diabetic customers. Hence, the serving size for pasta ranges from 50g to 75g per sachet. Barilla Pasta brand had the highest protein content as compared to other brands of ROTINI. The brand comes in different shapes and sizes. It has plenty of proteins and fibre. It serving size, around 56g, contains 12% of proteins. The ââ¬Å"Light Preparationâ⬠of Kraft Macaroni and Cheese requires 2 minutes to prepare, 10 minutes to cooks, and 3 servings. Ingredients include a sachet of Kraft Macaroni and Cheese, 250ml of milk, and 1 table-spoon of unsalted butter. One should add macaroni noodles to some 6 cups of boiling water, cook until when the mixture becomes tender. Stir cheese packet, butter, and milk very well. Finally, one can make 1-cup for 3 servings (Nashchlim, 2014). Cheeseburger Macaroni Hamburger Helper containsà 1905mg of
Monday, October 28, 2019
Prewriting Essay Example for Free
Prewriting Essay 1.à I would write about love because I feel love is a tree and romance is just one of its branches. There are other dimensions of love as well apart from romance. In the essay I would touch upon all these dimensions. Apart from love between a man and a woman, there is love between a teacher and a student, love between two friends, love between a man and his pet, love between a celebrity and his fans, love between siblings. I would touch upon all these dimensions of love in the essay. Then I would bring into focus the most divine form of love and that is the love between a mother and her child. I would elaborate on how unique this form of love is and it cannot die or change no matter how advanced the world becomes. I would write that the bond between a mother and her child is natural. This is because they are physically attached to each other for nine months. Due to the capacity of bearing children mothering instinct comes naturally to women. The intensity of this instinct might vary from person to person but it cannot be completely absent in a woman. A mother always prioritizes her child above herself. This selflessness is rare in all the other dimensions of love. I would also focus on the main concepts like jealousy, codependency, idealization, stereotyping etc. that involve different types of relations and would connect all these concepts to a mother-child relationship. This would help in understanding this divine attachment between two human beings in more depth. I would conclude the essay by weaving all the main points highlighted above into a string of points that would point towards the main idea that though there are many forms of love, the love between a mother and a child always excels above others. 2.à I would write about why we need gossip in our culture. I think that gossip is one of the necessities of human beings and all of us love to indulge in it whether consciously or unconsciously. But there are very few of us who like to accept our inclination to indulge in gossip. Even when we are gossiping about our classmates, colleagues, neighbors, celebrities, teachers etc. our conscious mind always tries to project ourselves as a person who does not indulge in this kind of lowly activities. In the essay I would like to focus on the fact that the intensity of our indulgence or love for gossip might differ from one person to another but just like other necessities like food, water, shelter etc. this also becomes one of our needs. I would write that one of the main reasons why some people gossip less when compared to others is because they have less time than the others in this fast paced world. In this context I would quote the example of the reality show, ââ¬ËBig Brotherââ¬â¢ where the participants are not allowed anything other than the basic necessities and apart from food it is gossip that gives them the strength to survive in a controlled environment. I would write that no matter what the age or the background of the participants is every one uses this tool to ooze out his anger, distress or dissatisfaction. Some people start instantly while others take a little time to open up but ultimately every one engages in this activity. To conclude I would point out that all of us abhor the term gossip attached to our personalities. But in reality this should not be the case. We do not want to accept this important need of our existence because we relate only negative points to this activity. We should consider gossip as a way of socializing which is yet another important requirement of a healthy human mind. It helps in taking out the baggage that we carry in our inner self. However we should always try to indulge in healthy gossip instead of dirty gossip meant to malign others. In healthy gossip many people would be our friends while in the latter we will invite more foes. 3.à I would like to write about the changing attitude towards dating. Years ago dating was a taboo. Then it became an acceptable part of our society. Now it is indispensable for any relationship to bloom. The courtship period that comprises of dating andà calling cannot be imagined without these elements of love. In the essay I would write about changing attitude towards dating not only in the western culture but also in other cultures. There are a many cultures for, example in Asia, where interaction between girls and boys was not acceptable till recent times but since dating has become an integral part of western culture, these cultures are also getting influenced by this concept. The difference in the change of attitude in theà Asian countries compared toà the westernà countries is that though it is being accepted the level of acceptance is lower in the Asian countries. I would highlight the point that how gradually dating has started being considered as a means of just spending a good time with the person towards whom one is romantically inclined unlike the yesteryears where it was considered a foundation of long term relationships. In the conclusion of the essay, I would write that courtship consists of dating but not vice versa. Where dating is just for fun, flirting is likely to be one of its components. 4.à à I would like to write about anxiety disorder. In the beginning of the essay I would present an overview of the disease. I would mention that many disorders are collectively referred as anxiety disorder. These disorders are generalized anxiety disorder, post traumatic stress disorder, specific phobia, agoraphobia etc. In fact anxiety disorder is a blanket term that encompasses within itself different types of anxiety, fear, nervous condition or phobia. It can occur suddenly or gradually and can affect people of different age groups and genders. Then I would focus on the causes. Apart from the psychological causes, I would also touch upon the hereditary and genetic causes of the disease. This disease disrupts the day-to-day activities of the people suffering from it. I would write about the symptoms of anxiety disorders. For example there are psychological symptoms like social avoidance, depression, frustration, lack of concentration etc. Apart from that there are physical symptoms too, for example dizzy spells, fatigue, chest pain etc. This would throw light upon how it affects the people suffering from it. Apart from medication there are other things like good family atmosphere, indulgence in some constructive work and exercises that help in the recovery process. I would mention that the people suffering from it should be honest to the practitioners so that theyà get cured in the right way.
Saturday, October 26, 2019
Mystery and Suspense in Heart of Darkness :: Heart Darkness essays
Mystery and Suspense in Heart of Darkness à à à à à à It seems like everywhere there is something in life that seems to be left behind.à In the books I read about mystery or suspense, this always seems to be the case in such.à The Heart of Darkness draws me into such depths of suspense and unknown that seem to associate with my life. à à à à à à à This whole book is full of mysteries.à Marlow has a heart that is full of mystery when he is stuck in Africa, and looking for a man named Kurtz.à Marlow is waiting, he learns about where the place is at, what could be coming ahead. Maybe he was just acquiring some ideas of what was ahead, or who he would be working with.à Why is all this senselessness happening around him? à à à à à à à Marlow is enthralled with mystery.à You wouldn't think that somebody would be simply crazy to go and take a trip down the Congo river.à He has heard some aspects about the place, and the way it seems to suck the visitors in.à All the people getting diseases.à One would go insane there, so why?à Why would he want to go do this?à Again, it's full of mystery, and that makes an interesting book. à à à à à à à Kurtz, with this person, I can not express how much mystery applies to him and his personality.à People haven't heard from him for quite a long time, because he is up the river from the station where Marlow is at.à People are wanting the boss, and they're getting restless.à Is Kurtz, sick?à Could one of these people get a new promotion in their job?à The people don't want Marlow to go explore up the river a ways and kind Kurtz, suppling him with help that he might need.à And yet, Marlow needs Kurtz. à à à à à à à Yet, there is the mystery of the Congo river.à It has a way with the people that come into it and try to explore it's orgins.à It seems to drag you in, and not let you go.à All of this, because they were curious and brave.à But not all brave men will make it through this jungle that the Congo river lays on.
Thursday, October 24, 2019
What is the role of dreams in John Steinbeckââ¬â¢s novella :: English Literature
What is the role of dreams in John Steinbeckââ¬â¢s novella ââ¬ËOf Mice and Menââ¬â¢ In John Steinbeckââ¬â¢s novella, ââ¬ËOf Mice and Men,ââ¬â¢ the role of dreams plays a very important part. The book was written during the ââ¬ËGreat Depression,ââ¬â¢ which occurred just after the well known ââ¬ËWall Street Crash.ââ¬â¢ The book Of Mice and Men was set in the depression of the 1930ââ¬â¢s in California in a place called Soledad. Men travelled around looking for any work they could find, they had to leave families and their homes just to make money. Even firms and companies went bankrupt; these were depressing and desperate times, with no hope and definitely no future. The Great depression caused long-term unemployment, migration, poverty and many young men had to travel across the nation to find a job in places such as California. As a consequence to the Great Depression, almost all of the citizens of the United States lived lives that were filled with unfulfilled dreams. Without dreams, no one would have a reason to keep going. In this essay, I will look at several of the main characters, whose desire and vision of their dreams draws them together in the only way that it will counteract the loneliness of their existence. The thought of achieving a personal dream seems to be the driving force behind the American society during the era of the ââ¬ËDepression.ââ¬â¢ This was a time when many dreams were created; dreams of being successful, owning a land and looking after animals or growing crops. The people who had these dreams were mostly ranch workers, or migrants, people who never stay in one place long enough to form ever-lasting relationships, hence the dreams of many of the ranch workers in this beautiful novel. The American Dream Everyone has a dream to strive for. The poor ranch hands wish to be their own bosses, and actually have stability. George and Lennie have a dream, even before they arrive at their new job on the ranch, to make enough money to live ââ¬Å"off the fatta the landâ⬠and be their own bosses. Lennie will then be permitted to tend the rabbits. Candy, upon hearing about the dream, wants to join them so that he will not be left alone, especially after they killed his dog. From the 17th Century, when the first settlers arrived, immigrants dreamed of a better life in America. People went there to escape from persecution or poverty, and to make a new life for themselves. They dreamed of making their fortunes in the goldfields. For many the dream became a nightmare. The horrors of slavery, of the American Civil War, What is the role of dreams in John Steinbeckââ¬â¢s novella :: English Literature What is the role of dreams in John Steinbeckââ¬â¢s novella ââ¬ËOf Mice and Menââ¬â¢ In John Steinbeckââ¬â¢s novella, ââ¬ËOf Mice and Men,ââ¬â¢ the role of dreams plays a very important part. The book was written during the ââ¬ËGreat Depression,ââ¬â¢ which occurred just after the well known ââ¬ËWall Street Crash.ââ¬â¢ The book Of Mice and Men was set in the depression of the 1930ââ¬â¢s in California in a place called Soledad. Men travelled around looking for any work they could find, they had to leave families and their homes just to make money. Even firms and companies went bankrupt; these were depressing and desperate times, with no hope and definitely no future. The Great depression caused long-term unemployment, migration, poverty and many young men had to travel across the nation to find a job in places such as California. As a consequence to the Great Depression, almost all of the citizens of the United States lived lives that were filled with unfulfilled dreams. Without dreams, no one would have a reason to keep going. In this essay, I will look at several of the main characters, whose desire and vision of their dreams draws them together in the only way that it will counteract the loneliness of their existence. The thought of achieving a personal dream seems to be the driving force behind the American society during the era of the ââ¬ËDepression.ââ¬â¢ This was a time when many dreams were created; dreams of being successful, owning a land and looking after animals or growing crops. The people who had these dreams were mostly ranch workers, or migrants, people who never stay in one place long enough to form ever-lasting relationships, hence the dreams of many of the ranch workers in this beautiful novel. The American Dream Everyone has a dream to strive for. The poor ranch hands wish to be their own bosses, and actually have stability. George and Lennie have a dream, even before they arrive at their new job on the ranch, to make enough money to live ââ¬Å"off the fatta the landâ⬠and be their own bosses. Lennie will then be permitted to tend the rabbits. Candy, upon hearing about the dream, wants to join them so that he will not be left alone, especially after they killed his dog. From the 17th Century, when the first settlers arrived, immigrants dreamed of a better life in America. People went there to escape from persecution or poverty, and to make a new life for themselves. They dreamed of making their fortunes in the goldfields. For many the dream became a nightmare. The horrors of slavery, of the American Civil War,
Wednesday, October 23, 2019
Hybrid System for Automobiles
As you will well appreciate, the issue of hybrid automobile systems has gained increased prominence in the recent past. This is as a result of the drawbacks associated with the conventional automobile systems currently in use and the potential benefits that hybrid systems can offer.At present, our company, like many automobile manufacturers, produces vehicles that run on the conventional internal combustion engine. Since this involves the combustion of fossil-based fuels such as gasoline and diesel, it is associated with the emission of noxious gases such as carbon dioxide, carbon monoxide, nitrogen oxides and waste hydrocarbons that significantly compound the problem of global warming in addition to increasing the risk of heart, lung, respiratory and eye illnesses.Fossil fuels are also manufactured from oil, which has recently been the subject of steep price hikes that affected many motorists.Hybrid systems are not only cleaner but also incur cheaper operational costs. They would gi ve our company an opportunity to demonstrate its social responsibility and commitment to the environment and generate positive PR spin offs for it. It would also help the firm generate more sales revenues and to maximize its profits.Towards this end, I have prepared a proposal that seeks to design, develop, and implement an automobile hybrid system to be incorporated into our vehicles. Given the time schedule, reliability, schedule visibility, clarity of technology and user requirements associated with the development of the proposed system, we propose to use a throwaway prototyping model, a type of the Systems Development Life Cycle (SDLC).The entire project is expected to take one year, and will involve experts drawn from the different functional areas of the organization as well as outside consultants. Other resource requirements will include finances to purchase raw materials and modify existing production facilities.Given the unmistakable benefits that the hybrid automobile sys tem offers, there is no doubt that the benefits that our company will reap from its implementation will outweigh the costs by far. I will be glad to clarify or discuss with you any issues appertaining. Thank you.
Tuesday, October 22, 2019
College Essay Sample Essays
College Essay Sample Essays College Essay Sample Essay College Essay Sample Essay Essay Topic: College application When you are planning to apply to a prestigious University or college, you may be asked to pen down a college essay which is also known as college application essay. ProfEssays. com has a team of skilled writers who can help you draft college essay sample. In such essays you are required to decide first of all the content of your essay and then you can proceed with it. It doesnââ¬â¢t have a format as such but it is suggested that you be precise and articulate your choice of course and college in a well organized manner so that it is conveyed to the course in charge. Graduate School Essay Sample The main worry after passing out of the high school is getting admission into a good Graduate school. But it isnââ¬â¢t all that easy because you are required to go through the entire selection procedure. The first step to the graduate school is to write a fine quality graduate school essay sample. These graduate essays help the University select the suitable candidates for their particular college and course. It should reflect the real you and your potential to take up the course of your interest. It should reflect your determination and seriousness for the course so that the authorities are compelled to take you in. Sample essay paper #3 (Terrorism) Sample essay #4 (World Food and Nutrition) Sample essay #5 (Environmental Policy and Law) Sample research proposal #6 (Business Research Proposal) Well Drafted Research Proposal samples At University level when you plan to take up a particular subject of study to a higher level i. e. M. Phil or PhD you are required to present a Research Paper on that particular subject or topic. Before the submission of the research paper the scholar is asked to submit a research proposal sample to the instructor/guide. This research proposal is aimed at tracing the scholars potential for the research that he/she is planning to undertake. Therefore you need to ensure strategic deployment of all your writing tools and knowledge about the topic. If you find it complicated then you can always seek professional help from our trained writers.
Monday, October 21, 2019
Frances Economy Five Key Macroeconomic Variables
Frances Economy Five Key Macroeconomic Variables Introduction France is one of the largest and most advanced economies in the world. The country achieved its success through diversification of its economy and prudent management of the public sector finances. Unlike other developed countries, agriculture contributes significantly to economic development in France. The output from the agricultural sector comes from livestock and cash crops.Advertising We will write a custom research paper sample on Franceââ¬â¢s Economy: Five Key Macroeconomic Variables specifically for you for only $16.05 $11/page Learn More The leading industries in the country include chemicals, automobiles, electronics, machinery, and textiles. The main minerals produced in the country include iron, bauxite, and coal. Nearly 75% of the countryââ¬â¢s electricity is generated though nuclear energy. The government has since reduced its participation in the economy by privatizing most of its firms. This paper focuses on the economy of F rance by analyzing five of its key macroeconomic variables. These include unemployment rate, real interest rate, gross domestic product (GDP), inflation rate, and the current account balance. Additionally, policy recommendations will be suggested to help the country to revitalize its economy. The analysis will focus on the period between 1980 and 2012. Background France is among the leading producers of automobiles, aircrafts, cosmetics, and luxury goods. It also has highly advanced insurance, telecoms, power generation, and tourism industries. The countryââ¬â¢s labor force has the largest number of graduates, especially, in science disciples per one thousand workers in the Euro-zone. Following the end of the Second World War, the country experienced a rapid economic growth due to its massive investment in agriculture. During this period, nearly 40% of the population was employed in the agricultural sector. The countryââ¬â¢s GDP expanded at an average rate of 4.1% between 1945 and 1975. Rapid economic growth was maintained through several four-year development plans. These plans had economic development targets that were set by the government, but were mainly achieved by the private sector. From 1945 to 1986, the government focused on implementing policies of nationalization, as well as, intensive intervention in the economy. From 1981, Mitterrandââ¬â¢s regime focused on nationalizing major firms in key industries such as insurance, banking, and pharmaceuticals. Following the failure of the nationalization strategy, the country embarked on large-scale privatization of its firms in the 1990s.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Nonetheless, the government still holds a large proportion of shares in the countries major companies such as France Telecom and Renault. In the 1990s, the countryââ¬â¢s economy maintained moderate grow th through investments in modern technologies such as the internet and the expansion of infrastructure. The formation of the European Union and the Euro-zone contributed to the countryââ¬â¢s economic growth by providing a ready market for its exports. However, the economic crisis in Europe and the global economic downturn, which began in 2007, have led to severe reduction in the countryââ¬â¢s growth rate. In 2009, the countryââ¬â¢s ââ¬Å"real GDP contracted by 2.6%, whereas unemployment rate increased from 7.4% to 10%â⬠. Additionally, the countryââ¬â¢s budget deficit as a percentage of GDP increased from 3.4% in 2008 to 7.5% in 2009. Public debt also increased from 68% to 89% of the GDP in the same period. Despite the efforts made by the government in the last five years, the country has not been able to achieve a growth rate above 2% or to reduce its unemployment rate below 10% (IMF, 2013). Overview of the Main Macroeconomic Variables Franceââ¬â¢s real interest rate, unemployment rate, GDP, current account balance, and inflation rate have greatly evolved in the last thirty years. Unemployment rate refers to the ââ¬Å"percentage of the total labor force that is unemployed, but willing to work and actively seeking employmentâ⬠. Figure 1, illustrates the fluctuation of unemployment in France in the last thirty years. According to figure 1, the countryââ¬â¢s unemployment rate rose steadily from 8.07% in 1982 to 10.5% in1988. On average, the unemployment rate during this period was 9.56%. Following the implementation of expansionary fiscal policy that led to a 4.67% GDP growth in 1988, the unemployment rate reduced to 8.98% in 1990 (IMF, 2013). However, this recovery was short lived since the unemployment rate rose to 11.68% in 1994. From 1994 to 1999, the countryââ¬â¢s average unemployment rate was 11.21%. The country maintained a less than 10% unemployment rate from 2000 to 2008. However, the 2008/2009 global economic downturn le d to an increase in unemployment rate above 10%.Advertising We will write a custom research paper sample on Franceââ¬â¢s Economy: Five Key Macroeconomic Variables specifically for you for only $16.05 $11/page Learn More One of the successes of the French economy has been its ability to maintain low inflation rate. Figure 2 indicates that the countryââ¬â¢s inflation rate has been falling from 1982 to 2012. The inflation rate reduced from 11.98% in 1982 to 0.67% in 1998 (IMF, 2013). However, it rose to 1.92% in 2012. The countryââ¬â¢s real interest rate has also been falling steadily in the last twenty years as shown in figure 3. Concisely it reduced from 2.4% in 1993 to 0.12% in 2012 (World Bank, 2013). Figure 4 indicates that Franceââ¬â¢s current account balance has been very volatile in the last thirty years. The countryââ¬â¢s current account was in deficit between 1982 and 1990. However, it recovered steadily after 1992, thereby reaching a surplus of 3.15% of GDP by 1999 (IMF, 2013). From 2000, the current account has been declining steadily, thereby reaching a deficit of -1.75% of GDP in 2012. Since 1982, the countryââ¬â¢s highest GDP growth was 4.67% in 1988, whereas the lowest growth was -3.15 in 2009. Table 1 presents the data used to generate figure 1 to 4. Macroeconomic Analysis France experienced a high unemployment rate (above 10%) between 1985 and 1988; 1993 and 1999; and 2011 and 2012. The high unemployment rate during these periods is mainly attributed to the conditions in the countryââ¬â¢s labor market. France has one of the highest payroll taxes in the world. The country charges 43% payroll tax, which is higher than the rate in nearly all developed countries. For instance, the United States of America charges 5%, whereas the UK charges 11%. The high payroll tax has contributed significantly to the reduction of the competitiveness of French companies. In order to maintain their competiveness, most Fr ench companies have resorted to outsourcing non-core business activities from low wage countries. In particular, most companies, especially, in the manufacturing sector have relocated their production plants to countries such as China and India, which have cheap labor. This strategy has led to exportation of jobs as companies reduce their workers in order to lower operating costs. For instance, Peugeot, one of the leading automobiles manufacturers in the country, dismissed 8,000 workers in 2012 in order to reduce its labor costs. From 2000, the government focused on implementing several reforms in order to boost employment in the private sector. The reforms included a reduction of payroll taxes for employees earning the minimum wage, as well as, allowing tax breaks for firms that employ young people or trainees.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More These reforms partly contributed to the slight reduction of unemployment between 2000 and 2003. Nonetheless, these reforms did not achieve much since unemployment rate began to increase from 2004. Protection of employee rights is another problem that leads to high unemployment rate in France. The labor unions in France have a lot of influence in the labor market. They always participate in the negotiation of salaries and working conditions in most industries. Consequently, French workers benefit from job security and guaranteed salary levels. Providing these benefits has been a great challenge to small businesses due to their limited financial resources. Consequently, they are reluctant to create new jobs for fear of the penalties associated with dismissing workers or paying low wages. Low qualification is the major cause of unemployment among the youth. Due to the high competition in the job market, most employers prefer to hire experienced workers rather than fresh graduates from collages. Fresh graduates (youth) are expensive to employers since they have to be trained before they adapt to the work environment. Finally, the high employment rate in 2012 is attributed to dismal economic growth that began in 2007. Figure 1 shows that unemployment has been increasing as GDP growth reduces from 2007. The low economic growth has led to reduced profits, thereby limiting the ability of firms to create new jobs or to sustain existing ones. According to figure 2, Franceââ¬â¢s inflation rate was highest in 1982. This is partly attributed to the 1978-1979 oil shock that led to a sharp increase in prices of goods. The increase in oil prices in late 1970s led to an increase in the cost of production, thereby causing a general rise in the prices of goods. As the economy recovered from the oil shock, inflation began to reduce, reaching a low of 2.5% in 1986. Following the expansion of GDP by 4.67% in 1988, the inflation rate rose to 3.5% in 1989 (IMF, 2013). An increase in economic growth is normally accompanied by increased expenditure in the private and the public sector, thereby increasing inflationary pressure. Since 1990, France has maintained an inflation rate below 3%. This low rate of inflation is mainly attributed to slow economic growth and slack in the economy. According to figure 2, inflation tends to be falling when GDP growth is reducing. The logic behind this trend is that slow economic growth lead to low GDP per capita. The resulting reduction in purchasing power leads to a fall in the demand for goods and services. Consequently, firms reduce their prices in order to remain competitive. This reduction in prices leads to low inflation rate. In 2009, the GDP contracted by -3.1%, thereby causing a near deflation situation (0.09% inflation rate). The reduction in real interest rate in the last three decades was caused by intense regulation of the banking sector. Concisely, banking-sector regulations did not permit the increase of nomina l interest rates to compensate for the loss of currency value due to inflation. Consequently, real interest rates reduced as inflation increased. Even though the government liberalized the banking sector in late 1990s, the real interest rates did not rise. This is because Franceââ¬â¢s central bank lowered its lending rate in order to spur economic growth. Current account balance refers to a countryââ¬â¢s net import of goods and services, as well as, net transfer payment and earnings from sources such as rent. In the last three decades, Franceââ¬â¢s current account has been in deficit except for the period between 1992 and 2004. The deficit that occurred before 1992 was due to the high labor costs that led to outsourcing by most French companies. Concisely, most companies relocated their production plants to overseas economies with cheap labor. Additionally, some companies outsourced their back office operations to foreign countries. This led to increased imports, thereby ca using the current account deficit. The deficit that occurred after 2004 is mainly attributed to Franceââ¬â¢s participation in the Euro-zone. In particular, the deficit has been caused by the monetary union in the Euro-zone. The use of a common currency means that Franceââ¬â¢s exchange rate in the Euro-zone is fixed. Consequently, its currency cannot depreciate relative to other Euro-zone countries such as Germany in order to boost exports and reduce imports. Figure 4 indicates that Franceââ¬â¢s current account has been worsening when its GDP is falling and vice versa. This implies that the reduction in productivity as indicated by a reduction in GDP limits the countryââ¬â¢s ability to export. Arising GDP, on the other hand, implies increased productivity that increase the countryââ¬â¢s ability to export, thereby improving the current account balance. According to figure 5, France has been able to achieve a rapid growth in its per capita GDP since 1800. Consequently, i t has been able to catch-up with other developed countries such Spain and Sweden (Gap-Minder, 2013). Nonetheless, figure 1to 4 shows that the country has not been able to maintain a rapid growth of its GDP in the last three decades. From 1982 to 2008, Franceââ¬â¢s average GDP growth was approximately 2%. Other advanced economies such as the USA grew by 3% over the same period. After 2008, France has not been able to achieve any growth above 1.6% (IMF, 2013). The factors that account for the poor performance include the following. To begin with, the economic model that spurred rapid growth after the Second World War lost its effectiveness from the 1970s to 1990s. This is because the country has been experiencing a sharp decline in returns on capital, labor productivity gains, and investments since 1970s. Low productivity among the working class has also contributed to the countryââ¬â¢s poor economic growth. The number of hours dedicated to work per full-time employee has reduce d considerable in the last three decades. Franceââ¬â¢s investment efficiency has reduced substantially in the last four decades. Investment efficiency refers to the ââ¬Å"variation in GDP in relation to net fixed capital formationâ⬠. The combined effect of low productivity gains and reduced investment efficiency led to a reduction in firm profits, thereby limiting growth. Consequently, firms focused on cost reduction and maintaining profitability rather than expanding their markets. The reduction in profits limited the firmsââ¬â¢ ability to make new investments, thereby slowing job creation. The resulting increase in unemployment rate led to a reduction of wages. Consequently, aggregate demand fell, thereby discouraging economic growth in the 1980s. In the 1990s, the government introduced labor market reforms such as fixed-term contracts. These reforms enabled most firms to return to profitability. However, they did not succeed in enhancing domestic demand in order to pr omote economic growth. Even though investment rebound in late 1990s, France did not define a new economic model to sustain a rapid growth. Due to unfavorable labor market conditions and low profits, most French companies embarked on foreign direct investments in the 1990s. This strategy did not only lead to capital flight from the country, but also worsened its current account deficit and unemployment rate. France is yet to recover from the shocks of the Euro-zone crisis and the 2008/2009 economic downturn, which have reduced its economic growth in the last five years. Policy Recommendations The following suggestions can help France to return to rapid economic growth. To begin with, unemployment can be reduced through labor market reforms. These include wage compression that involves lowering the minimum wage rate and implementing a negative income tax. A lower minimum wage will encourage local firms to create new jobs, whereas a negative income tax will compensate employees for the income lost through the reduction of the minimum wage. The payroll tax should also be reduced in order to encourage local firms to create jobs by investing in France rather than relocating to other countries. The current account deficit can be corrected by increasing net exports outside the Euro-zone. This is because the depreciation of the Euro against other currencies will make Franceââ¬â¢s exports more competitive. The current account will improve as exports increase and imports reduce. The government can avoid deflation by loosening its monetary policy. The resulting increase in money supply will encourage investment and consumption, thereby preventing deflation. However, loosening monetary policy should be moderate in order to avoid high inflation. Finally, France should improve its economic growth by reforming its tax system. Concisely, it should raise taxes for the high-income earners and lower taxes for the low-income earners. This will ensure that the government has ade quate tax revenue without discouraging expenditure among the low-income earners. Reducing the budget deficit to 3% of the GDP will negate the need for austerity measures in future, thereby encouraging growth through public and private expenditure. Conclusion The aim of this paper was to analyze the French economy. In particular, it focused on the evolution of the economyââ¬â¢s GDP, unemployment rate, inflation rate, current account balance, and real interest rate in the last three decades. Results show that GDP growth has remained dismal in the last thirty years. The factors that account for the slow growth include high labor costs, lack of an effective growth model, and low investment efficiency. The current account has been deteriorating. Similarly, high unemployment has been a persistent problem. Nonetheless, the real interest rate and inflation have been declining. In light of these revelations, the government should take immediate measures to improve the economy. Appendix Fi gure 1: Unemployment rate Verses GDP growth Figure 2: Inflation rate Verses GDP growth Figure 3: Real Interest Rate Verses GDP Growth Figure 4: Current Account Balance Verses GDP Growth Figure 5: Gap-Minder Table 1: Data for figure 1 to 4 yeas GDP Inflation Unemployment CA Bal Interest rate 1982 2.418 11.978 8.069 -2.099 1983 1.227 9.46 8.421 -0.853 1984 1.499 7.674 9.771 -0.145 1985 1.614 5.831 10.23 -0.064 1986 2.252 2.539 10.363 0.31 1987 2.387 3.289 10.5 -0.484 1988 4.671 2.701 10.006 -0.465 1989 4.184 3.498 9.396 -0.46 1990 2.625 3.38 8.975 -0.791 1991 1.034 3.217 9.467 -0.495 1992 1.478 2.366 9.85 0.279 1993 -0.665 2.106 11.117 0.708 7.02 1994 2.248 1.661 11.683 0.596 6.69 1995 2.044 1.778 11.15 0.466 6.80 1996 1.067 2.084 11.583 1.231 5.23 1997 2.189 1.283 11.542 2.657 5.38 1998 3.377 0.667 11.067 2.621 5.46 1999 3.287 0.533 10.458 3.147 6.17 2000 3.686 1.716 9.083 1.452 5.05 2001 1.834 1.606 8.392 1.756 4.86 2002 0 .928 1.885 8.908 1.247 4.29 2003 0.901 2.141 8.892 0.723 4.51 2004 2.54 2.143 9.258 0.541 4.84 2005 1.826 1.751 9.283 -0.485 4.50 2006 2.468 1.669 9.242 -0.576 4.55 2007 2.289 1.49 8.375 -1.003 3.70 2008 -0.083 2.817 7.817 -1.744 4.6 2009 -3.146 0.099 9.5 -1.333 4.70 2010 1.664 1.493 9.729 -1.558 3.12 2011 1.693 2.141 9.633 -1.95 3.32 2012 0.122 1.924 10.138 -1.734 2.54 References Boyes, W., Melvin, M. (2010). Macroeconomics. New York, NY: McGraw-Hill. Couleaud, A., Delamarre, F. (2010). Frances national economic wealth declined in 2009 for the second year in a row. Paris, France: Banque de France. Gap-Minder. (2013). The wealth of nations. Web. IMF. (2013). Economic data. Retrieved from https://www.imf.org/external/index.htm Kabundi, A., Simone, F. (2011). France in the global economy: A stractural approximation dynamic factor model anlysis. Empirical Economics, 41(2), 311-342. Miotti, L., Sachwald, F. (2004). Growth in France from 1950-2030: The innovati on challange. Paris, France: IFRI. World Bank. (2013). World development indicators. Web.
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