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Showing posts with the label Economic growth

Climate Change: A Global Crisis Requiring a Collective Response

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Abstract : Climate change is one of the most pressing issues of our time, with serious implications for human and environmental health, economic development, and global security. The challenge of addressing climate change is compounded by the need for a universal approach, as it affects all nations and requires a collaborative effort to mitigate its impact. This paper examines the challenges of achieving a universal approach to climate change and the impact of climate change on different sectors. The paper also explores potential solutions, including policies and practices that can mitigate the impact of climate change and support a universal approach to this critical issue . Introduction : Climate change is a global phenomenon that has far-reaching effects on the environment, economy, and society. The impact of climate change is already evident in rising sea levels, extreme weather events, and the loss of biodiversity, among other things. The challenge of addressing climate chan...
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Brexit and Its Impact on Economic Growth and the European Union

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Brexit, the decision of the United Kingdom (UK) to leave the European Union (EU), has had significant impacts on both the UK and the EU's economic growth. While the long-term effects of Brexit are still uncertain, there are already some observable impacts in the short and medium term. One of the most immediate effects of Brexit has been a decline in economic growth in both the UK and the EU. Following the 2016 Brexit referendum, the UK's GDP growth rate slowed down, falling from 1.9% in 2016 to 1.4% in 2018 (World Bank, 2021). Similarly, the EU's GDP growth rate also slowed down, falling from 2.4% in 2017 to 1.4% in 2019 (World Bank, 2021). This decline in growth can be attributed to the uncertainty surrounding Brexit, which has led to decreased investment and lower consumer confidence. Brexit has also led to trade disruptions between the UK and the EU, as the UK's departure from the EU means that it is no longer part of the EU single market and customs union. This ...
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Academic Programs in Ghana: Catalysts for Unemployment

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Introduction In Ghana, universities have been established with the primary aim of providing tertiary education to students to equip them with knowledge and skills that can help them contribute to the growth and development of the country. However, over the years, the relevance of some academic programs offered by these universities has come under scrutiny, with critics arguing that they do not address the needs of the job market, leading to high levels of unemployment among graduates. This paper explores how irrelevant academic programs in universities in Ghana have promoted unemployment in the country, using data to support the analysis. Background : Unemployment is a major challenge in Ghana, with the youth unemployment rate at 12.7% in 2020, according to the Ghana Statistical Service. This high rate of unemployment is a concern, considering the huge investments made in education by both the government and private individuals. One of the factors contributing to this high rate o...
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