APEC ministerial meeting eyes boosting regional economy

APEC ministerial meeting eyes boosting regional economy
Albert del Rosario, chair of the ministerial meeting, said in a briefing that the ministers of the APEC member-states strongly agreed on the need to enhance human resource development through pursuing strategic cooperation in human capital development …
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Aided status for 35 AIP schools
It was launched by the Ministry of Human Resource Development under the National Education Policy framed in 1986 and amended in 1992. Under the IAP, the government had permitted six higher secondary schools, 11 upper primary schools, and 24 lower …
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International Migration from Kerala and Its Impact
The book then discusses the role of migration in Kerala's human resource development. The authors attempt to analyse the educational/occupational status of the migrants and compare them with that of non-migrants. While emigration drains Kerala of some …
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Road to successful urban economy is paved with more than good intentions

Road to successful urban economy is paved with more than good intentions
Over the next three years, government will expand investment in the urban built environment, using resources more effectively to transform human settlements, and drawing in private investment to support more dynamic and inclusive economic growth. "The …
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SA Ford Gives Learners Insight Into Career Opportunities In Automotive Industry
The jam-packed programme included presentations from all the various departments at Ford, including Manufacturing, Purchasing, Human Resources, Finance, Marketing, Customer Services and Product Development. The learners were also treated to tours …
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Fed Upgrades The Economy, But Will Be 'Patient' Raising Rates

Fed Upgrades The Economy, But Will Be 'Patient' Raising Rates
In making its announcement, the Fed largely skirted over slumping economies in Europe and Asia, saying only that it would take "financial and international developments" into account when determining when to raise rates. In their last statement in …
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Where Have All the Cod Gone?
PORTSMOUTH, N.H. — IN November, regulators from the National Oceanic and Atmospheric Administration shut down recreational and commercial cod fishing in the Gulf of Maine, that enchanting arm of the coastal sea stretching east-northeast from Cape …
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House Tries To Stop All New Government Rules
WASHINGTON — The House passed a measure Tuesday to dramatically restrict the government's ability to enact any significant new regulations or safety standards, potentially hamstringing the efforts of every federal agency, from financial regulators to …
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In what ways does the federal government serve as an automatic satabliser for the economy?

Question by monash0z: In what ways does the federal government serve as an automatic satabliser for the economy?
considering macroeconomic theories / studies.

Best answer:

Answer by anti-bias
I am not quite that I can fully answer your questions, but some points could be highlighted to serve your upfront question.

the government hasn’t done so much to stabilise Australian economy although they have been claiming desperately on what they have done, say, massive stimulus package including the infrastructure investments, to facilitate RBA and banks to pass through the interest cuts, and to implement tactic foreign diplomats. but unfortunately all these can not fundamentally change the declining trend of Australian economy. why? one important point has been missed. that is reform. there are a lot of productivity hidden in our economy. Australia is far from being fair or “equal opportunities” in many industrial settings and human resource management which has been hurdling the economic development. I just want to raise a couple of examples here.

in our health sector, we all know we don’t have enough doctors, dentists and even nurses, but we have a plenty, plenty unemployed energetic people who are idle there. why? simply because they can not get into the industry, simply because they are “banned away” to be enlisted to learn the courses. someone may say, we don’t have enough facilities. not that is wrong. training unlike using can always overcome some hardware shortages. actually that is the protection, the industry protection that make all the difficulties. and for the protection, the government has to drain more money to feed those “crying” doctors. look at what your GP is doing and you may have already sensed their values.especiallyly when compared with the doctors in other Asian countries…

in our education sector, we are lack of teachers for all the schools obviously. but we have many uni graduates who can not find jobs simply they are over qualified, that is ironic anridiculousus. why not allowed them to sit a test for teacher recruitment, or short term training if you are still worried their ability to teach properly. actually obviously qualified teachers in our system seem not that qualified at all. still it is the problem of industry protection.

the industry protection fosters slackness, greed, monopoly and arrogance that make us less competitive, vulnerablese of our economy. what the government should do to be a automatic stabiliserer is to reform timely and decisivly when the economy calls to enhance our industries’ performance…..hope that may help

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